SEC 13F Intelligence

Managers / Q4 2021 · view latest →

AMS Capital Ltda

CIK 0001717977 · AV. BRIGADEIRO FARIA LIMA 2277, 10TH FLOOR, SAO PAULO, D5, 01452000 · 551130386400

Reported Value
$447M
Q4 2021
Positions
25
Filings on Record
30
2019–present window
Filed
Feb 3, 2022
original filing

Summary

Ams Capital Ltda reported $447M in U.S.-listed holdings across 25 positions for Q4 2021.

Its largest position, MELI, represents 13.9% of the portfolio.

Compared with Q3 2021, the fund opened 9 new positions and exited 9.

Portfolio Metrics

Turnover
+32.0%
vs prior filed quarter
Top-10 Concentration
+71.3%
share of reported value
Largest Position
+13.9%
Mercadolibre
New / Exited
9 / 9
positions this quarter

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: $209MQ1 ’19Q2 ’19: $140MQ3 ’19: $236MQ4 ’19: $167MQ1 ’20: $163MQ1 ’20Q2 ’20: $251MQ3 ’20: $414MQ4 ’20: $507MQ1 ’21: $633MQ1 ’21Q2 ’21: $702MQ3 ’21: $475MQ4 ’21: $447MQ1 ’22: $265MQ1 ’22Q2 ’22: $189MQ3 ’22: $158MQ4 ’22: $126MQ1 ’23: $82MQ1 ’23Q2 ’23: $85MQ3 ’23: $90MQ4 ’23: $268MQ1 ’24: $365MQ1 ’24Q2 ’24: $478MQ3 ’24: $574MQ4 ’24: $199MQ1 ’25: $243MQ1 ’25Q2 ’25: $265MQ4 ’25: $258MQ1 ’26: $257Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 72.4%ADR: 21.8%ETP: 5.8%
  • Common Stock · 72.4% · $323M
  • ADR · 21.8% · $98M
  • ETP · 5.8% · $26M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
XPXP INCNEW+1.24M1.24M+$36M$36M
ADBEADOBE SYSTEMS INCORPORATEDNEW+21.4K21.4K+$12M$12M
TWLOTWILIO INCNEW+40.0K40.0K+$11M$11M
SNAPSNAP INCNEW+140.0K140.0K+$7M$7M
AFRMAFFIRM HLDGS INCNEW+45.0K45.0K+$5M$5M
OPENOPENDOOR TECHNOLOGIES INCNEW+300.0K300.0K+$4M$4M
SPGIS&P GLOBAL INCNEW+6.3K6.3K+$3M$3M
CRMSALESFORCE COM INCNEW+10.0K10.0K+$3M$3M

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

Holdings — Q4 2021

25 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MELIMERCADOLIBRE INChistory →COM13.90%$62M46.1K
2MSFTMICROSOFT CORPhistory →COM9.53%$43M126.7K
3SUZSUZANO S Ahistory →SPON ADS8.38%$37M3.47M
4XPXP INChistory →CL A7.97%$36M1.24M
5AMZNAMAZON COM INChistory →COM6.69%$30M9.0K
6XBISPDR SER TRhistory →S&P BIOTECH5.83%$26M232.9K
7ETSYETSY INChistory →COM5.14%$23M105.0K
8MPMP MATERIALS CORPhistory →COM CL A4.98%$22M490.0K
9GOOGLALPHABET INChistory →CAP STK CL A4.63%$21M7.1K
10XYZBLOCK INChistory →CL A4.22%$19M116.7K
11SESEA LTDhistory →SPONSORD ADS4.22%$19M84.2K
12BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS4.02%$18M151.3K
13TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS2.99%$13M111.3K
14NBISYANDEX N Vhistory →SHS CLASS A2.89%$13M213.8K
15ADBEADOBE SYSTEMS INCORPORATEDhistory →COM2.72%$12M21.4K
16TWLOTWILIO INChistory →CL A2.36%$11M40.0K
17GGBGERDAU SAhistory →SPON ADR REP PFD2.21%$10M2.01M
18SNAPSNAP INChistory →CL A1.47%$7M140.0K
19SHOPSHOPIFY INChistory →CL A1.21%$5M3.9K
20CPNGCOUPANG INChistory →CL A1.08%$5M164.0K
21AFRMAFFIRM HLDGS INChistory →COM CL A1.01%$5M45.0K
22OPENOPENDOOR TECHNOLOGIES INCCOM0.98%$4M300.0K
23SPGIS&P GLOBAL INCCOM0.67%$3M6.3K
24CRMSALESFORCE COM INCCOM0.57%$3M10.0K
25MCOMOODYS CORPCOM0.33%$1M3.8K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$257M15Jun 17, 2026RESTATEMENTchanges · EDGAR ↗
Q4 2025$258M14Jan 21, 202613F-HRchanges · EDGAR ↗
Q2 2025$265M16Aug 11, 202513F-HRchanges · EDGAR ↗
Q1 2025$243M16Apr 10, 202513F-HRchanges · EDGAR ↗
Q4 2024$199M16Jan 30, 202513F-HRchanges · EDGAR ↗
Q3 2024$574M17Oct 22, 202413F-HRchanges · EDGAR ↗
Q2 2024$478M19Aug 5, 202413F-HRchanges · EDGAR ↗
Q1 2024$365M19Apr 23, 202413F-HRchanges · EDGAR ↗
Q4 2023$268M18Jan 18, 202413F-HRchanges · EDGAR ↗
Q3 2023$90M15Oct 19, 202313F-HRchanges · EDGAR ↗
Q2 2023$85M14Jul 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$82M12May 8, 202313F-HRchanges · EDGAR ↗
Q4 2022$126M13Jan 19, 202313F-HRchanges · EDGAR ↗
Q3 2022$158M12Oct 27, 202213F-HRchanges · EDGAR ↗
Q2 2022$189M17Aug 4, 202213F-HRchanges · EDGAR ↗
Q1 2022$265M23May 5, 202213F-HRchanges · EDGAR ↗
Q4 2021$447M25Feb 3, 202213F-HRchanges · EDGAR ↗
Q3 2021$475M25Oct 26, 202113F-HRchanges · EDGAR ↗
Q2 2021$702M29Aug 9, 202113F-HRchanges · EDGAR ↗
Q1 2021$633M28May 12, 202113F-HRchanges · EDGAR ↗
Q4 2020$507M30Feb 8, 202113F-HRchanges · EDGAR ↗
Q3 2020$414M31Oct 23, 202013F-HRchanges · EDGAR ↗
Q2 2020$251M22Aug 4, 202013F-HRchanges · EDGAR ↗
Q1 2020$163M24May 6, 202013F-HRchanges · EDGAR ↗
Q4 2019$167M17Feb 7, 202013F-HRchanges · EDGAR ↗
Q3 2019$236M27Nov 5, 201913F-HRchanges · EDGAR ↗
Q2 2019$140M18Aug 1, 201913F-HRchanges · EDGAR ↗
Q1 2019$209M21May 2, 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 ↗.