# DYNAMO INTERNACIONAL GESTAO DE RECURSOS LTDA.: Form 13F holdings

An institutional investment manager in RIO DE JANEIRO. SEC CIK 1546790.

- Quarter ended: 2026-06-30
- Filed: 2026-08-14
- Reported value: $244.2m
- Positions: 6 (6 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1546790/000094787126000792/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [MERCADO LIBRE INC (MELI)](/companies/meli.md) | COM | $121.9m | 49.9% | 71,814 |  | Reduced −21,370 |
| NU HOLDINGS LTD | ORD SHS CL A | $85.8m | 35.1% | 6,419,224 |  | Added +902,099 |
| [SUZANO SA (SUZ)](/companies/suz.md) | SPON ADS | $19.9m | 8.1% | 2,561,542 |  | Reduced −27,692 |
| [GERDAU SA (GGB)](/companies/ggb.md) | SPON ADR REP PFD | $8.5m | 3.5% | 2,109,474 |  | New +2,109,474 |
| [PETROLEO BRASILEIRO SA (PBR)](/companies/pbr.md) | SPONSORED ADR | $7.1m | 2.9% | 2,050,000 | Put | New +2,050,000 |
| ISHARES INC | MSCI BRAZIL ETF | $1.1m | 0.4% | 1,000,000 | Call | Reduced −2,951,900 |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| ISHARES INC | MSCI BRAZIL ETF | $0 | 0.0% | 0 | Put | Sold out −956,100 |

Source: SEC EDGAR, Form 13F-HR, accession 0000947871-26-000792. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.