TB Capital Gestao de Recursos Ltda. — 13F holdings

TB Capital Gestao de Recursos Ltda. reported 19 holdings worth $183M in its 13F filing for Q2 2026, filed August 14, 2026.

Largest positions

1. BKNG BOOKING HOLDINGS INC — $22.7M (12.4%)
2. ABNB AIRBNB INC — $18.5M (10.1%)
3. NU NU HLDGS LTD — $16.8M (9.2%)
4. DLO DLOCAL LTD — $14.5M (7.9%)
5. SAP SAP SE — $14.2M (7.7%)
6. CPNG COUPANG INC — $12.5M (6.8%)
7. APO APOLLO GLOBAL MGMT INC — $11.6M (6.3%)
8. SPGI S&P GLOBAL INC — $10.6M (5.8%)
9. V VISA INC — $10.5M (5.8%)
10. MSFT MICROSOFT CORP — $8.92M (4.9%)