Managers / Q2 2022 · 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
Summary
Dynamo Administracao De Recursos Ltda. reported $226M in U.S.-listed holdings across 10 positions for Q2 2022.
The portfolio is heavily concentrated: MELI alone accounts for 28.5% of reported value.
Compared with Q1 2022, the fund opened 0 new positions and exited 1.
Portfolio Metrics
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
Portfolio Composition
- Common Stock · 53.5% · $121M
- ADR · 31.4% · $71M
- Other · 15.2% · $34M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2022 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| NUNU HLDGS LTD | ADDED | +3.13M | 4.75M | +$5M | $18M |
| MELI KASZEK PIONEER CORP | SOLD OUT | −269.8K | 0 | −$3M | $0 |
| XPXP INC | ADDED | +731.8K | 2.15M | −$4M | $39M |
| MELIMERCADOLIBRE INC | ADDED | +15.9K | 101.3K | −$37M | $64M |
| BUDANHEUSER-BUSCH INBEV SA/NV | HELD | −59.6K | 1.19M | −$11M | $64M |
| VTEX | HELD | +63.2K | 4.01M | −$12M | $12M |
| NATURA &CO HLDG S A | HELD | +0 | 4.04M | −$23M | $21M |
| GGBGERDAU SA | HELD | +0 | 859.8K | −$2M | $4M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2022
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | MELIMERCADOLIBRE INChistory → | COM | 28.52% | $64M | 101.3K |
| 2 | BUDANHEUSER-BUSCH INBEV SA/NVhistory → | SPONSORED ADR | 28.43% | $64M | 1.19M |
| 3 | XPXP INChistory → | CL A | 17.08% | $39M | 2.15M |
| 4 | NATURA &CO HLDG S A | ADS | 9.31% | $21M | 4.04M |
| 5 | NUNU HLDGS LTDhistory → | ORD SHS CL A | 7.85% | $18M | 4.75M |
| 6 | VTEX | SHS CL A | 5.46% | $12M | 4.01M |
| 7 | GGBGERDAU SAhistory → | SPON ADR REP PFD | 1.63% | $4M | 859.8K |
| 8 | VALEVALE S Ahistory → | SPONSORED ADS | 1.32% | $3M | 204.1K |
| 9 | HPX CORP | UNIT 99/99/9999 | 0.27% | $599,400 | 60.0K |
| 10 | HPX CORP-A | SHS CL A | 0.13% | $299,400 | 30.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q3 2025 | $18M | 4 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $29M | 4 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $17M | 4 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $35M | 4 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $2M | 4 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $16M | 4 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $65M | 4 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $82M | 5 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $60M | 5 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023REVEALED | $34M | 5 | Sep 1, 2023 | RESTATEMENT | changes · EDGAR ↗ |
| Q1 2023 | $27M | 5 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $132M | 6 | Jun 14, 2023 | RESTATEMENT | changes · EDGAR ↗ |
| Q3 2022 | $206M | 9 | Jun 14, 2023 | RESTATEMENT | changes · EDGAR ↗ |
| Q2 2022 | $226M | 10 | Jun 14, 2023 | RESTATEMENT | changes · EDGAR ↗ |
| Q1 2022 | $314M | 11 | Jun 14, 2023 | RESTATEMENT | changes · EDGAR ↗ |
| Q4 2021 | $249M | 13 | Feb 11, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $306M | 13 | Nov 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $363M | 10 | Aug 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $395M | 10 | May 14, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $583M | 11 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $445M | 10 | Nov 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $668M | 8 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $346M | 9 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $549M | 7 | Feb 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $278M | 5 | Nov 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $237M | 7 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $210M | 5 | May 14, 2019 | 13F-HR | changes · 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 ↗.