Constellation Investimentos e Participacoes Ltda: 13F holdings, Q3 2025
Hedge fund · SEC EDGAR filings (CIK 1893840) · Explore on the interactive board
Constellation Investimentos e Participacoes Ltda disclosed 7 US equity positions worth $46.7m in its Q3 2025 13F filing (holdings as of September 30, 2025, filed October 22, 2025). Its largest position is MELI at 48.2% of the reported book, followed by NU, META. The top ten holdings are 100.0% of the book, and the portfolio behaves like about 2 equal-weight positions. Versus the prior filing it opened 3 new positions, added to 2, reduced 1 and exited 4. Note: this manager's most recent filing is 3 quarters behind the newest quarter on file, so these figures are history rather than current positioning.
What does Constellation Investimentos e Participacoes Ltda own? Top holdings as of September 30, 2025
Change is measured in shares against the previous filing (Q2 2025), so price moves do not read as decisions. This quarter: 3 new, 2 added, 1 reduced, 4 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | MELI MERCADOLIBRE INC | Consumer Cyclical | 48.2% | $22.5m | 9,636 | 5% | added |
| 2 | NU NU HLDGS LTD | Financial Services | 45.4% | $21.2m | 1,324,373 | -4% | reduced |
| 3 | META META PLATFORMS INC | Communication Services | 1.9% | $903.3k | 1,230 | 0% | held |
| 4 | NVDA NVIDIA CORPORATION | Technology | 1.5% | $697.8k | 3,740 | 1% | added |
| 5 | CPNG COUPANG INC | Consumer Cyclical | 1.2% | $550.9k | 17,110 | – | new |
| 6 | MSFT MICROSOFT CORP | Technology | 1.1% | $495.2k | 956 | – | new |
| 7 | AMZN AMAZON COM INC | Consumer Cyclical | 0.7% | $333.5k | 1,519 | – | new |
What did Constellation Investimentos e Participacoes Ltda sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| XP XP INC | 40.0% | $4.5m |
| AMBIPAR EMERGENCY RESPONSE | 25.5% | $2.9m |
| STNE STONECO LTD | 23.4% | $2.6m |
| PBR/A PETROLEO BRASILEIRO SA PETRO | 11.1% | $1.2m |
Sector mix
| Sector | Weight |
|---|---|
| Consumer Cyclical | 50.1% |
| Financial Services | 45.4% |
| Technology | 2.6% |
| Communication Services | 1.9% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
How concentrated is Constellation Investimentos e Participacoes Ltda's portfolio?
Across every quarter Constellation Investimentos e Participacoes Ltda has filed, its median largest position is 43.3% of the book and its median top-ten weight is 100.0%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 9.0 completed holding spells, the median lasted 3.0 quarters; 7.0 positions are still open and their final length is unknown.