Navi International - Administradora e Gestora de Recursos Fi — 13F Holdings & Portfolio
CIK 2044610 · latest 13F-HR filed 2026-08-14
Navi International - Administradora e Gestora de Recursos Fi manages $147.9M in 13F-reported U.S. long-equity assets across 12 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are MELI (35.87%), XP (20.21%), LTM (12.85%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 3 new positions, exited 6, added to 5, and trimmed 2.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
CONJ 82, TORRE NORTE
SAO PAULO, D5 04538133
$147.9M
Long-equity book
12
Distinct positions
2026-06-30
Filed 2026-08-14
+3 / −6 / ↑5 / ↓2
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- LATAM AIRLINES GROUP SA$18.0M +1760.5%
- AXIA ENERGIA SA$2.2M +240.5%
- PETROLEO BRASILEIRO S A$1.1M +7.2%
- ITAU UNIBANCO HLDG S A$422.7K +207.6%
- GERDAU SA$236.5K +11.9%
Exited Positions
- NU HLDGS LTD$57.6M
- STONECO LTD$28.8M
- PETROLEO BRASILEIRO S A$5.5M
- CENTRAIS ELET BRAS SA$2.4M
- EMBRAER S.A.$707.5K
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | MERCADOLIBRE INC | MELI | 58733R102 | $53.0M | 35.87% | 31,251 | SH |
| 2 | XP INC | XP | G98239109 | $29.9M | 20.21% | 1,837,985 | SH |
| 3 | LATAM AIRLINES GROUP SA | LTM | 51817R205 | $19.0M | 12.85% | 326,007 | SH |
| 4 | PETROLEO BRASILEIRO S A | PBR.A | 71654V101 | $17.0M | 11.53% | 1,164,207 | SH |
| 5 | INTER & CO INC | INTR | G4R20B107 | $13.3M | 8.97% | 2,443,213 | SH |
| 6 | ISHARES INC Call | EZU | 464286900 | $5.9M | 4.00% | 171,500 | SH |
| 7 | AXIA ENERGIA SA | AXIAPC | 15234Q207 | $3.1M | 2.07% | 289,639 | SH |
| 8 | SUZANO S A | SUZ | 86959K105 | $2.8M | 1.87% | 356,146 | SH |
| 9 | GERDAU SA | GGB | 373737105 | $2.2M | 1.50% | 550,000 | SH |
| 10 | VALE S A | VALE | 91912E105 | $778.9K | 0.53% | 51,789 | SH |
| 11 | ITAU UNIBANCO HLDG S A | ITUB | 465562106 | $626.3K | 0.42% | 76,663 | SH |
| 12 | CIA ENERGETICA DE MINAS GERA | CIG | 204409601 | $270.5K | 0.18% | 128,695 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $147.9M | 12 | 0002044610-26-000004 |
| 2026-03-31 | 2026-05-15 | $222.3M | 14 | 0002044610-26-000003 |
| 2025-12-31 | 2026-05-15 | $204.9M | 20 | 0002044610-26-000002 |