Managers / Q1 2024 · 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 $256M in U.S.-listed holdings across 12 positions for Q1 2024.
The portfolio is heavily concentrated: Spdr S P 500 Etf Tr alone accounts for 25.1% of reported value.
Compared with Q4 2023, the fund opened 1 new position and exited 3.
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
- ETP · 39.7% · $102M
- ADR · 33.1% · $85M
- Common Stock · 24.7% · $63M
- Other · 2.5% · $7M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| SPDR S&P 500 ETF TR | NEW | +204.4K | 204.4K | +$102M | $102M |
| SH1USDPROSHARES TR | SOLD OUT | −520.0K | 0 | −$7M | $0 |
| PROSHARES TR II | SOLD OUT | −300.0K | 0 | −$3M | $0 |
| DISDISNEY WALT CO | SOLD OUT | −18.0K | 0 | −$2M | $0 |
| WALDENCAST PLC | HELD | +0 | 1.00M | −$4M | $7M |
| ULTRAPAR PARTICIPACOES SA | HELD | +0 | 14.08M | +$4M | $81M |
| BRK/BBERKSHIRE HATHAWAY INC DEL | HELD | +0 | 40.0K | +$3M | $17M |
| ORCLORACLE CORP | HELD | +0 | 120.0K | +$2M | $15M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | SPDR S&P 500 ETF TR | TR UNIT | 39.66% | $102M | 204.4K |
| 2 | ULTRAPAR PARTICIPACOES SA | SP ADR REP COM | 31.41% | $81M | 14.08M |
| 3 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW · CL A | 9.04% | $23M | 40.0K |
| 4 | MSFTMICROSOFT CORPhistory → | COM | 7.38% | $19M | 45.0K |
| 5 | ORCLORACLE CORPhistory → | COM | 5.88% | $15M | 120.0K |
| 6 | WALDENCAST PLC | CLASS A ORD SHS | 2.54% | $7M | 1.00M |
| 7 | GOOGALPHABET INChistory → | CAP STK CL C | 2.38% | $6M | 40.0K |
| 8 | SUZANO S A | SPON ADS | 1.72% | $4M | 344.5K |
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 ↗.