Managers / Q2 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 $147M in U.S.-listed holdings across 13 positions for Q2 2023.
The portfolio is heavily concentrated: Ultrapar Participacoes alone accounts for 33.7% of reported value.
Compared with Q1 2023, the fund opened 1 new position and exited 0.
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
- ADR · 46.8% · $69M
- Common Stock · 43.0% · $63M
- Other · 5.3% · $8M
- ETP · 4.9% · $7M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| WALDENCAST PLC | NEW | +1.00M | 1.00M | +$8M | $8M |
| ULTRAPAR PARTICIPACOES SA | HELD | +0 | 16.71M | +$20M | $66M |
| ORCLORACLE CORP | HELD | +0 | 120.0K | +$3M | $14M |
| MSFTMICROSOFT CORP | HELD | +0 | 45.0K | +$2M | $15M |
| BRK/BBERKSHIRE HATHAWAY INC DEL | HELD | +0 | 40.0K | +$1M | $14M |
| GOOGALPHABET INC | HELD | +0 | 40.0K | +$678,800 | $5M |
| SH1USDPROSHARES TR | HELD | +0 | 520.0K | −$582,400 | $7M |
| BRK/ABERKSHIRE HATHAWAY INC DEL | HELD | +0 | 10 | +$522,100 | $5M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ULTRAPAR PARTICIPACOES SA | SP ADR REP COM | 44.64% | $66M | 16.71M |
| 2 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW · CL A | 12.79% | $19M | 40.0K |
| 3 | MSFTMICROSOFT CORPhistory → | COM | 10.42% | $15M | 45.0K |
| 4 | ORCLORACLE CORPhistory → | COM | 9.72% | $14M | 120.0K |
| 5 | ATVIEURACTIVISION BLIZZARD INChistory → | COM | 5.73% | $8M | 100.0K |
| 6 | WALDENCAST PLC | CLASS A ORD SHS | 5.25% | $8M | 1.00M |
| 7 | SH1USDPROSHARES TRhistory → | SHORT S&P 500 NE | 4.91% | $7M | 520.0K |
| 8 | GOOGALPHABET INChistory → | CAP STK CL C | 3.29% | $5M | 40.0K |
| 9 | SUZANO S A | SPON ADS | 2.16% | $3M | 344.5K |
| 10 | DISDISNEY WALT COhistory → | COM | 1.09% | $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 ↗.