Managers / Q1 2023 · 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 $112M in U.S.-listed holdings across 12 positions for Q1 2023.
The portfolio is heavily concentrated: UGP alone accounts for 40.8% of reported value.
The book was largely unchanged from Q4 2022.
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 · 49.7% · $56M
- ADR · 43.3% · $48M
- ETP · 7.0% · $8M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2022 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| UGPULTRAPAR PARTICIPACOES SA | HELD | +0 | 16.71M | +$5M | $46M |
| MSFTMICROSOFT CORP | HELD | +0 | 45.0K | +$2M | $13M |
| ORCLORACLE CORP | HELD | +0 | 120.0K | +$1M | $11M |
| ACTIVISION BLIZZARD INC | HELD | +0 | 100.0K | +$904,000 | $9M |
| GOOGALPHABET INC | HELD | +0 | 40.0K | +$610,800 | $4M |
| PROSHARES TR | HELD | +0 | 520.0K | −$535,600 | $8M |
| SUZSUZANO S A | HELD | +0 | 344.5K | −$354,884 | $3M |
| DISDISNEY WALT CO | HELD | +0 | 18.0K | +$238,500 | $2M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | UGPULTRAPAR PARTICIPACOES SAhistory → | SP ADR REP COM | 40.76% | $46M | 16.71M |
| 2 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW · CL A | 15.20% | $17M | 40.0K |
| 3 | MSFTMICROSOFT CORPhistory → | COM | 11.61% | $13M | 45.0K |
| 4 | ORCLORACLE CORPhistory → | COM | 9.96% | $11M | 120.0K |
| 5 | ACTIVISION BLIZZARD INC | COM | 7.65% | $9M | 100.0K |
| 6 | PROSHARES TR | SHORT S&P 500 NE | 6.97% | $8M | 520.0K |
| 7 | GOOGALPHABET INChistory → | CAP STK CL C | 3.72% | $4M | 40.0K |
| 8 | SUZSUZANO S Ahistory → | SPON ADS | 2.53% | $3M | 344.5K |
| 9 | DISDISNEY WALT COhistory → | COM | 1.61% | $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 ↗.