# Kapitalo Investimentos Ltda: Form 13F holdings

An institutional investment manager in SAO PAULO. SEC CIK 1798686.

- Quarter ended: 2026-06-30
- Filed: 2026-08-14
- Reported value: $1.58bn
- Positions: 60 (61 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/1798686/000179868626000004/

## 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 |
| --- | --- | ---: | ---: | ---: | --- | --- |
| ISHARES TR | CORE S&P500 ETF | $156.1m | 9.9% | 208,479 |  | Added +139,265 |
| [STATE STR SPDR S&P 500 ETF T (SPY)](/companies/spy.md) | TR UNIT | $150.3m | 9.5% | 201,260 |  | New +201,260 |
| [TESLA INC (TSLA)](/companies/tsla.md) | COM | $126.4m | 8.0% | 300,429 |  | New +300,429 |
| [TESLA INC (TSLA)](/companies/tsla.md) | PUT | $126.2m | 8.0% | 300,000 | Put | New +300,000 |
| [AMAZON COM INC (AMZN)](/companies/amzn.md) | COM | $109.4m | 6.9% | 459,139 |  | Added +214,074 |
| [TAIWAN SEMICONDUCTOR MANUFAC (TSM)](/companies/tsm.md) | SPONSORED ADS | $87.4m | 5.5% | 183,054 |  | Added +178,270 |
| SPDR SERIES TRUST | ST STR SP REGBNK | $75.4m | 4.8% | 1,006,900 |  | New +1,006,900 |
| [NVIDIA CORPORATION (NVDA)](/companies/nvda.md) | COM | $74.2m | 4.7% | 371,034 |  | Added +141,650 |
| [META PLATFORMS INC (META)](/companies/meta.md) | CL A | $67.9m | 4.3% | 120,563 |  | Added +76,570 |
| ELECTRONIC ARTS INC | COM | $38.0m | 2.4% | 185,573 |  | Reduced −27,620 |
| SPDR SERIES TRUST | CALL | $36.4m | 2.3% | 230,000 | Call | New +230,000 |
| [VISTRA CORP (VST)](/companies/vst.md) | COM | $36.2m | 2.3% | 228,300 |  | Added +10,462 |
| [NETFLIX INC. (NFLX)](/companies/nflx.md) | PUT | $34.3m | 2.2% | 480,000 | Put | New +480,000 |
| [NETFLIX INC. (NFLX)](/companies/nflx.md) | COM | $34.3m | 2.2% | 480,000 |  | New +480,000 |
| [ERO COPPER CORP (ERO)](/companies/ero.md) | COM | $28.8m | 1.8% | 1,076,696 |  | Unchanged |
| ISHARES TR | CALL | $28.4m | 1.8% | 300,000 | Call | New +300,000 |
| [PALANTIR TECHNOLOGIES INC (PLTR)](/companies/pltr.md) | CL A | $25.7m | 1.6% | 220,000 |  | New +220,000 |
| [PALANTIR TECHNOLOGIES INC (PLTR)](/companies/pltr.md) | PUT | $25.7m | 1.6% | 220,000 | Put | New +220,000 |
| WARNER BROS DISCOVERY INC | COM SER A | $23.3m | 1.5% | 872,311 |  | Added +439,408 |
| [TECK RESOURCES LTD (TECK)](/companies/teck.md) | CL B | $21.0m | 1.3% | 352,859 |  | Unchanged |
| ISHARES TR | PUT | $18.1m | 1.1% | 200,000 | Put | New +200,000 |
| [EMBRAER S.A. (EMBJ)](/companies/embj.md) | SPONSORED ADS | $16.5m | 1.0% | 259,155 |  | Added +127,958 |
| ISHARES TR | CALL | $16.0m | 1.0% | 25,000 | Call | New +25,000 |
| [AXIA ENERGIA SA (AXIAY)](/companies/axiay.md) | SPONSORED ADR | $13.4m | 0.9% | 1,271,245 |  | Added +1,083,942 |
| [SUZANO S A (SUZ)](/companies/suz.md) | SPON ADS | $13.3m | 0.8% | 1,709,143 |  | Added +614,410 |
| [MASTERCARD INCORPORATED (MA)](/companies/ma.md) | CL A | $12.8m | 0.8% | 24,937 |  | Added +24,312 |
| [RIO TINTO PLC (RIO)](/companies/rio.md) | SPONSORED ADR | $12.1m | 0.8% | 127,754 |  | Unchanged |
| [AMAZON COM INC (AMZN)](/companies/amzn.md) | PUT | $11.9m | 0.8% | 50,000 | Put | New +50,000 |
| [YPF SOCIEDAD ANONIMA (YPF)](/companies/ypf.md) | SPON ADR CL D | $11.7m | 0.7% | 257,612 |  | Unchanged |
| [VALE S A (VALE)](/companies/vale.md) | SPONSORED ADS | $11.5m | 0.7% | 766,128 |  | Added +109,092 |
| [MICROSOFT CORP (MSFT)](/companies/msft.md) | COM | $10.9m | 0.7% | 29,335 |  | Reduced −9,415 |
| [S&P GLOBAL INC (SPGI)](/companies/spgi.md) | COM | $10.9m | 0.7% | 27,295 |  | Added +26,550 |
| NU HLDGS LTD | ORD SHS CL A | $10.8m | 0.7% | 811,923 |  | Added +115,882 |
| [CAPITAL ONE FINL CORP (COF)](/companies/cof.md) | COM | $10.0m | 0.6% | 49,880 |  | New +49,880 |
| [AES CORP (AES)](/companies/aes.md) | COM | $9.1m | 0.6% | 618,623 |  | Reduced −797,012 |
| DIGITALBRIDGE GROUP INC | CL A NEW | $8.1m | 0.5% | 510,475 |  | Added +60,147 |
| ISHARES INC | MSCI CHILE ETF | $7.1m | 0.4% | 177,631 |  | Added +18,500 |
| [SEA LTD (SE)](/companies/se.md) | SPONSORD ADS | $6.9m | 0.4% | 72,312 |  | Added +68,052 |
| [TESLA INC (TSLA)](/companies/tsla.md) | CALL | $6.3m | 0.4% | 15,000 | Call | New +15,000 |
| ISHARES TR | ISHARES SEMICDTR | $5.9m | 0.4% | 9,200 |  | New +9,200 |
| [GERDAU SA (GGB)](/companies/ggb.md) | SPON ADR REP PFD | $5.7m | 0.4% | 1,400,017 |  | Reduced −1,264,141 |
| INVESCO EXCHANGE TRADED FD T | S&P500 EQL WGT | $5.1m | 0.3% | 24,000 |  | New +24,000 |
| [LOMA NEGRA C I A S A MTN 14 (LOMA)](/companies/loma.md) | SPONSORED ADS | $4.3m | 0.3% | 378,600 |  | Unchanged |
| [BRIGHTHOUSE FINL INC (BHF)](/companies/bhf.md) | COM | $4.3m | 0.3% | 67,400 |  | Unchanged |
| [ULTRAPAR PARTICIPACOES SA (UGP)](/companies/ugp.md) | SP ADR REP COM | $3.9m | 0.2% | 779,409 |  | Reduced −136,059 |
| XP INC | CL A | $3.7m | 0.2% | 225,664 |  | Unchanged |
| [EVE HLDG INC (EVEX)](/companies/evex.md) | COM | $2.8m | 0.2% | 1,100,000 |  | Unchanged |
| [MOODYS CORP (MCO)](/companies/mco.md) | COM | $2.7m | 0.2% | 5,900 |  | New +5,900 |
| ISHARES TR | CHINA LG-CAP ETF | $2.5m | 0.2% | 77,718 |  | Unchanged |
| WEBSTER FINL CORP | COM | $2.1m | 0.1% | 28,073 |  | Reduced −23,840 |
| [DOORDASH INC (DASH)](/companies/dash.md) | CL A | $2.0m | 0.1% | 10,900 |  | New +10,900 |
| [VISA INC (V)](/companies/v.md) | COM CL A | $1.7m | 0.1% | 4,952 |  | Added +3,882 |
| [APPLE INC (AAPL)](/companies/aapl.md) | COM | $1.7m | 0.1% | 5,802 |  | Added +1,327 |
| [TELEFONICA BRASIL SA (VIV)](/companies/viv.md) | SPONSORED ADS | $1.6m | 0.1% | 123,667 |  | Unchanged |
| [MICRON TECHNOLOGY INC (MU)](/companies/mu.md) | COM | $1.2m | <0.1% | 1,000 |  | New +1,000 |
| [KENVUE INC (KVUE)](/companies/kvue.md) | COM | $1.1m | <0.1% | 58,000 |  | Added +2,000 |
| [MERCADOLIBRE INC (MELI)](/companies/meli.md) | COM | $772.3k | <0.1% | 455 |  | New +455 |
| [COMPANHIA DE SANEAMENTO BASI (SBS)](/companies/sbs.md) | SPONSORED ADR | $558.7k | <0.1% | 96,668 |  | Reduced −71,735 |
| [SIXTH STREET SPECIALTY LENDI (TSLX)](/companies/tslx.md) | COM | $344.8k | <0.1% | 20,080 |  | New +20,080 |
| [DISNEY WALT CO (DIS)](/companies/dis.md) | COM | $309.9k | <0.1% | 3,220 |  | Unchanged |

## 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 |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [AMAZON COM INC (AMZN)](/companies/amzn.md) | CALL | $0 | 0.0% | 0 | Call | Sold out −196,800 |
| ARCELLX INC | COMMON STOCK | $0 | 0.0% | 0 |  | Sold out −7,978 |
| [BOOKING HOLDINGS INC (BKNG)](/companies/bkng.md) | COM | $0 | 0.0% | 0 |  | Sold out −82 |
| CHART INDS INC | COM | $0 | 0.0% | 0 |  | Sold out −143,375 |
| CLEARWATER ANALYTICS HLDGS I | CL A | $0 | 0.0% | 0 |  | Sold out −324,166 |
| CSG SYS INTL INC | COM | $0 | 0.0% | 0 |  | Sold out −77,074 |
| [DELL TECHNOLOGIES INC (DELL)](/companies/dell.md) | CL C | $0 | 0.0% | 0 |  | Sold out −6,200 |
| HOLOGIC INC | COM | $0 | 0.0% | 0 |  | Sold out −283,575 |
| ISHARES TR | MSCI PERU AND GL | $0 | 0.0% | 0 |  | Sold out −27,130 |
| ISHARES TR | CALL | $0 | 0.0% | 0 | Call | Sold out −300,000 |
| ISHARES TR | PUT | $0 | 0.0% | 0 | Put | Sold out −600,000 |
| ISHARES TR | CALL | $0 | 0.0% | 0 | Call | Sold out −500,000 |
| ISHARES TR | PUT | $0 | 0.0% | 0 | Put | Sold out −300,000 |
| [NVIDIA CORPORATION (NVDA)](/companies/nvda.md) | CALL | $0 | 0.0% | 0 | Call | Sold out −99,000 |
| [PETROLEO BRASILEIRO S A (PBR)](/companies/pbr.md) | PUT | $0 | 0.0% | 0 | Put | Sold out −100,000 |
| [PETROLEO BRASILEIRO S A (PBR)](/companies/pbr.md) | CALL | $0 | 0.0% | 0 | Call | Sold out −100,000 |
| [PETROLEO BRASILEIRO S A (PBR)](/companies/pbr.md) | SPONSORED ADR | $0 | 0.0% | 0 |  | Sold out −103,621 |
| [SILICON LABORATORIES INC (SLAB)](/companies/slab.md) | COM | $0 | 0.0% | 0 |  | Sold out −6,867 |
| [STATE STR SPDR S&P 500 ETF T (SPY)](/companies/spy.md) | PUT | $0 | 0.0% | 0 | Put | Sold out −16,000 |

Source: SEC EDGAR, Form 13F-HR, accession 0001798686-26-000004. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.