TB Capital Gestao de Recursos Ltda. — 13F Holdings & Portfolio
CIK 2077092 · latest 13F-HR filed 2026-05-15
TB Capital Gestao de Recursos Ltda. manages $163.5M in 13F-reported U.S. long-equity assets across 17 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are ABNB (14.88%), BKNG (10.84%), SAP (8.14%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 2 new positions, exited 0, added to 4, and trimmed 9.
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.
$163.5M
Long-equity book
17
Distinct positions
2026-03-31
Filed 2026-05-15
+2 / −0 / ↑4 / ↓9
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- BOOKING HOLDINGS INC$5.1M +41.0%
- NU HLDGS LTD$4.4M +52.7%
- MICROSOFT CORP$1.1M +11.8%
- META PLATFORMS INC$1.1M +15.8%
Top Trims
- TAIWAN SEMICONDUCTOR MFG LTD-$12.3M -65.8%
- AIRBNB INC-$6.1M -20.0%
- ADOBE INC-$4.7M -44.8%
- COUPANG INC-$3.9M -29.2%
- ALPHABET INC-$2.8M -47.7%
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 | AIRBNB INC | ABNB | 009066101 | $24.3M | 14.88% | 192,562 | SH |
| 2 | BOOKING HOLDINGS INC | BKNG | 09857L108 | $17.7M | 10.84% | 4,207 | SH |
| 3 | SAP SE | SAP | 803054204 | $13.3M | 8.14% | 77,681 | SH |
| 4 | APOLLO GLOBAL MGMT INC | APO | 03769M106 | $13.1M | 8.00% | 117,384 | SH |
| 5 | NU HLDGS LTD | NU | G6683N103 | $12.6M | 7.71% | 877,447 | SH |
| 6 | DLOCAL LTD | DLO | G29018101 | $10.4M | 6.39% | 804,856 | SH |
| 7 | MICROSOFT CORP | MSFT | 594918104 | $10.4M | 6.34% | 28,006 | SH |
| 8 | COUPANG INC | CPNG | 22266T109 | $9.4M | 5.75% | 497,606 | SH |
| 9 | META PLATFORMS INC | META | 30303M102 | $7.8M | 4.77% | 13,630 | SH |
| 10 | NVIDIA CORPORATION | NVDA | 67066G104 | $6.5M | 4.00% | 37,505 | SH |
| 11 | TAIWAN SEMICONDUCTOR MFG LTD | TSM | 874039100 | $6.4M | 3.89% | 18,829 | SH |
| 12 | VISA INC | V | 92826C839 | $6.2M | 3.79% | 20,521 | SH |
| 13 | MASTERCARD INCORPORATED | MA | 57636Q104 | $6.2M | 3.77% | 12,349 | SH |
| 14 | MERCADOLIBRE INC | — | 58733RAG7 | $6.0M | 3.70% | 3,495 | SH |
| 15 | ADOBE INC | ADBE | 00724F101 | $5.8M | 3.52% | 23,685 | SH |
| 16 | AMAZON COM INC | AMZN | 023135106 | $4.3M | 2.62% | 20,598 | SH |
| 17 | ALPHABET INC | GOOG | 02079K107 | $3.1M | 1.88% | 10,712 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-15 | $163.5M | 17 | 0001213900-26-057309 |
| 2025-12-31 | 2026-02-17 | $167.7M | 15 | 0001213900-26-017452 |
| 2025-09-30 | 2025-11-14 | $130.1M | 17 | 0001213900-25-110461 |