Managers / Q4 2022 · view latest →
Naman Capital Ltda
CIK 0001946136 · AVENIDA BRIGADEIRO FARIA LIMA, 1355 - 21 ANDAR, SAO PAULO, D5, 04538-132 · 55 11 3503-9551
Summary
Naman Capital Ltda reported $102M in U.S.-listed holdings across 12 positions for Q4 2022.
The portfolio is heavily concentrated: Ultrapar Participacoes alone accounts for 29.8% of reported value.
Compared with Q3 2022, the fund opened 0 new positions and exited 8.
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. 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 · 49.2% · $50M
- ADR · 42.6% · $44M
- ETP · 8.1% · $8M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2022 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| MRKMERCK & CO INC | SOLD OUT | −120.0K | 0 | −$10M | $0 |
| BMYBRISTOL-MYERS SQUIBB CO | SOLD OUT | −90.0K | 0 | −$6M | $0 |
| JPMJPMORGAN CHASE & CO | SOLD OUT | −50.0K | 0 | −$5M | $0 |
| PFEPFIZER INC | SOLD OUT | −100.0K | 0 | −$4M | $0 |
| KELKELLOGG CO | SOLD OUT | −60.0K | 0 | −$4M | $0 |
| WFCWELLS FARGO CO NEW | SOLD OUT | −100.0K | 0 | −$4M | $0 |
| KHCKRAFT HEINZ CO | SOLD OUT | −100.0K | 0 | −$3M | $0 |
| BUDANHEUSER BUSCH INBEV SA/NV | SOLD OUT | −52.3K | 0 | −$2M | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2022
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ULTRAPAR PARTICIPACOES SA | SP ADR REP COM | 39.50% | $40M | 16.71M |
| 2 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW · CL A | 16.65% | $17M | 40.0K |
| 3 | MSFTMICROSOFT CORPhistory → | COM | 10.54% | $11M | 45.0K |
| 4 | ORCLORACLE CORPhistory → | COM | 9.58% | $10M | 120.0K |
| 5 | SH1USDPROSHARES TRhistory → | SHORT S&P 500 NE | 8.14% | $8M | 520.0K |
| 6 | ATVIEURACTIVISION BLIZZARD INChistory → | COM | 7.48% | $8M | 100.0K |
| 7 | GOOGALPHABET INChistory → | CAP STK CL C | 3.47% | $4M | 40.0K |
| 8 | SUZANO S A | SPON ADS | 3.11% | $3M | 344.5K |
| 9 | DISDISNEY WALT COhistory → | COM | 1.53% | $2M | 18.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $360M | 19 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $356M | 17 | Feb 27, 2026 | RESTATEMENT | changes · EDGAR ↗ |
| Q3 2025 | $356M | 17 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $308M | 18 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $255M | 17 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $167M | 16 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $261M | 16 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $236M | 14 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $256M | 12 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $157M | 13 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $125M | 12 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $147M | 13 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $112M | 12 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $102M | 12 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $134M | 19 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
Other Included Managers
This filing reports holdings on behalf of 1 additional manager.
- Kosmin Fund Ltd028-22661
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 ↗.