Pangea Capital Gestao de Recursos Ltda. — 13F Holdings & Portfolio
CIK 2119167 · latest 13F-HR filed 2026-08-21
Pangea Capital Gestao de Recursos Ltda. manages $115.6M in 13F-reported U.S. long-equity assets across 8 reported positions as of its 2025-09-30 13F-HR filing. Its largest disclosed positions are BRK.B (70.48%), AMZN (16.95%), BRK.A (7.83%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 2 new positions, exited 3, added to 2, 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.
LEBLON
RIO DE JANEIRO 22431-050
$115.6M
Long-equity book
8
Distinct positions
2025-09-30
Filed 2026-08-21
+2 / −3 / ↑2 / ↓2
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- ISHARES INC$1.8M +75.8%
- BERKSHIRE HATHAWAY INC DEL$432.7K +5.0%
Exited Positions
- MERCADOLIBRE INC$3.1M
- CONSTELLATION BRANDS INC$300.0K
- NOAH HLDGS LTD$158.4K
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 | BERKSHIRE HATHAWAY INC DEL | BRK.B | 084670702 | $81.4M | 70.48% | 162,007 | SH |
| 2 | AMAZON COM INC | AMZN | 023135106 | $19.6M | 16.95% | 89,221 | SH |
| 3 | BERKSHIRE HATHAWAY INC DEL | BRK.A | 084670108 | $9.1M | 7.83% | 12 | SH |
| 4 | ISHARES INC | EWZ | 464286400 | $4.2M | 3.62% | 135,000 | SH |
| 5 | META PLATFORMS INC | META | 30303M102 | $660.9K | 0.57% | 900 | SH |
| 6 | BRUNSWICK CORP | BC | 117043109 | $309.9K | 0.27% | 4,900 | SH |
| 7 | LGI HOMES INC | LGIH | 50187T106 | $258.6K | 0.22% | 5,000 | SH |
| 8 | ISHARES INC Call | EZU | 464286900 | $66.0K | 0.06% | 220 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-06-18 | $131.3M | 8 | 0001398344-26-011070 |
| 2026-03-31 | 2026-08-19 | $131.5M | 9 | 0001398344-26-014921 |
| 2025-12-31 | 2026-08-17 | $123.6M | 9 | 0001398344-26-014739 |
| 2025-09-30 | 2026-07-21 | $115.6M | 8 | 0001398344-26-012362 |
| 2025-09-30 | 2026-08-21 | $115.6M | 8 | 0001398344-26-015195 |
| 2025-03-31 | 2026-07-02 | $119.9M | 6 | 0001398344-26-011575 |
| 2024-12-31 | 2026-07-02 | $130.1M | 4 | 0001398344-26-011573 |
| 2023-09-30 | 2026-06-18 | $124.3M | 3 | 0001398344-26-011067 |