# Naman Capital Ltda: Form 13F holdings

An institutional investment manager in Sao Paulo. SEC CIK 1946136.

- Quarter ended: 2026-06-30
- Filed: 2026-08-13
- Reported value: $323.1m
- Positions: 11 (19 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/1946136/000091957426005114/

## 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 |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [STATE STR SPDR S&P 500 ETF T (SPY)](/companies/spy.md) | TR UNIT | $184.9m | 57.2% | 247,568 |  | Added +65,123 |
| [ULTRAPAR PARTICIPACOES SA (UGP)](/companies/ugp.md) | SP ADR REP COM | $36.8m | 11.4% | 7,330,544 |  | Reduced −5,396,678 |
| ISHARES INC | MSCI EURZONE ETF | $31.4m | 9.7% | 451,750 |  | Unchanged |
| ISHARES INC | MSCI STH KOR ETF | $14.3m | 4.4% | 71,018 |  | Unchanged |
| [ALPHABET INC (GOOGL)](/companies/googl.md) | CAP STK CL A | $12.2m | 3.8% | 34,200 |  | Unchanged |
| VANECK ETF TRUST | SEMICONDUCTR ETF | $11.1m | 3.4% | 16,857 |  | New +16,857 |
| [ALPHABET INC (GOOGL)](/companies/googl.md) | CAP STK CL C | $10.9m | 3.4% | 30,760 |  | Unchanged |
| [VISA INC (V)](/companies/v.md) | COM CL A | $10.4m | 3.2% | 30,212 |  | Unchanged |
| [MICROSOFT CORP (MSFT)](/companies/msft.md) | COM | $7.7m | 2.4% | 20,675 |  | Unchanged |
| [SUZANO S A (SUZ)](/companies/suz.md) | SPON ADS | $2.7m | 0.8% | 344,547 |  | Unchanged |
| [COSAN S A (CSANY)](/companies/csany.md) | ADS | $783.2k | 0.2% | 271,941 |  | 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 |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [BERKSHIRE HATHAWAY INC DEL (BRK-B)](/companies/brk-b.md) | CL B NEW | $0 | 0.0% | 0 |  | Sold out −23,177 |
| [BERKSHIRE HATHAWAY INC DEL (BRK-B)](/companies/brk-b.md) | CL A | $0 | 0.0% | 0 |  | Sold out −10 |
| INVESCO EXCHANGE TRADED FD T | S&P500 EQL WGT | $0 | 0.0% | 0 |  | Sold out −427,975 |

Source: SEC EDGAR, Form 13F-HR, accession 0000919574-26-005114. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.