SEC 13F Intelligence

Managers / Q4 2020 · view latest →

Dynamo Administracao de Recursos Ltda.

CIK 0001707096 · AV. ATAULFO DE PAIVA, N. 1235, 6TH FLOOR, LEBLON, RIO DE JANEIRO, D5, 22440-034 · 55.21.2512-9394

Reported Value
$583M
Q4 2020
Positions
11
Filings on Record
33
2019–present window
Filed
Feb 16, 2021
original filing

Summary

Dynamo Administracao De Recursos Ltda. reported $583M in U.S.-listed holdings across 11 positions for Q4 2020.

The portfolio is heavily concentrated: MELI alone accounts for 29.8% of reported value.

Compared with Q3 2020, the fund opened 1 new position and exited 0.

Portfolio Metrics

Turnover
+0.7%
vs prior filed quarter
Top-10 Concentration
+99.9%
share of reported value
Largest Position
+29.8%
Mercadolibre

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $210MQ1 ’19Q2 ’19: $237MQ3 ’19: $278MQ4 ’19: $549MQ1 ’20: $346MQ1 ’20Q2 ’20: $668MQ3 ’20: $445MQ4 ’20: $583MQ1 ’21: $395MQ1 ’21Q2 ’21: $363MQ3 ’21: $306MQ4 ’21: $249MQ1 ’22: $314MQ1 ’22Q2 ’22: $226MQ3 ’22: $206MQ4 ’22: $132MQ1 ’23: $27MQ1 ’23Q2 ’23: $34MQ3 ’23: $60MQ4 ’23: $82MQ1 ’24: $65MQ1 ’24Q2 ’24: $16MQ3 ’24: $2MQ4 ’24: $35MQ1 ’25: $17MQ1 ’25Q2 ’25: $29MQ3 ’25: $18Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 48.5%Other: 40.7%ADR: 10.8%
  • Common Stock · 48.5% · $283M
  • Other · 40.7% · $237M
  • ADR · 10.8% · $63M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
STNESTONECO LTDNEW+284.2K284.2K+$24M$24M
VALEVALE SATRIMMED−1.44M1.91M−$3M$32M
XPXP INCADDED+445.8K2.15M+$14M$85M
COSAN LTDADDED+1.70M9.14M+$58M$168M
MELIMERCADOLIBRE INCTRIMMED−26.8K103.6K+$32M$174M
LOMALOMA NEGRA CORPTRIMMED−133.8K2.51M+$4M$15M
NATURA &CO HOLDING SAHELD−84.0K3.41M+$5M$68M
ITUBITAU UNIBANCO HLDG SAHELD+01.02M+$2M$6M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2020

11 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MELIMERCADOLIBRE INChistory →COM29.79%$174M103.6K
2COSAN LTDSHS A28.88%$168M9.14M
3XPXP INChistory →CL A14.64%$85M2.15M
4NATURA &CO HOLDING SAADS11.71%$68M3.41M
5VALEVALE SAhistory →SPONSORED ADS5.49%$32M1.91M
6STNESTONECO LTDhistory →COM CL A4.09%$24M284.2K
7LOMALOMA NEGRA CORPhistory →SPONSORED ADS2.65%$15M2.51M
8ITUBITAU UNIBANCO HLDG SAhistory →SPON ADR REP PFD1.07%$6M1.02M
9BBDBANCO BRADESCO SASP ADR PFD NEW0.88%$5M974.3K
10GGBGERDAU SASPON ADR REP PFD0.71%$4M882.0K
11HPX CORPUNIT 99/99/99990.11%$633,00060.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2025$18M4Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$29M4Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$17M4May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$35M4Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$2M4Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$16M4Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$65M4May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$82M5Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$60M5Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023REVEALED$34M5Sep 1, 2023RESTATEMENTchanges · EDGAR ↗
Q1 2023$27M5May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$132M6Jun 14, 2023RESTATEMENTchanges · EDGAR ↗
Q3 2022$206M9Jun 14, 2023RESTATEMENTchanges · EDGAR ↗
Q2 2022$226M10Jun 14, 2023RESTATEMENTchanges · EDGAR ↗
Q1 2022$314M11Jun 14, 2023RESTATEMENTchanges · EDGAR ↗
Q4 2021$249M13Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$306M13Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$363M10Aug 12, 202113F-HRchanges · EDGAR ↗
Q1 2021$395M10May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$583M11Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$445M10Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$668M8Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$346M9May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$549M7Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$278M5Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$237M7Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$210M5May 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.