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Constellation Investimentos E Participacoes Ltda

CIK:0001893840
Asset Manager
$36M AUM
7 holdings
São Paulo, SP, Brazil
Founded:1998
30 employees
Latest filing:Sep 30, 2025

Constellation Investimentos e Participações Ltda (Constellation Asset Management) is an independent investment management firm headquartered in São Paulo, Brazil. Founded over 25 years ago, Constellation is recognized as one of the most successful asset managers in Brazil, focused on long-term investing in stocks with an emphasis on analytical thinking and deep microeconomic knowledge. The firm provides intelligent investment solutions primarily serving qualified institutional and high-net-worth investors, and is known for its commitment to professional education and the development of exceptional investment professionals.

Investment Strategy

Constellation centers its investment strategy on long-term value creation by investing in publicly traded stocks, with an analytical, bottom-up approach and in-depth knowledge of businesses. The firm seeks to identify sustainable business models, generate superior returns through deep microeconomic research, and adhere to ESG frameworks. Their approach emphasizes patience, understanding macroeconomic and sectoral trends, and delivering consistent performance for their clients.

Top Buys
N
NUNU HLDGS LTD
+$2.2M
M
MELIMERCADOLIBRE INC
-$1.6M
C
CPNGCOUPANG INC
+$550.9K
M
MSFTMICROSOFT CORP
+$495.2K
A
AMZNAMAZON COM INC
+$333.5K
Top Sells
X
XPXP INC
-$4.5M
S
STNESTONECO LTD
-$2.6M
N
NUNU HLDGS LTD
+$2.2M
M
MELIMERCADOLIBRE INC
-$1.6M
P
PBR-APETROLEO BRASILEIRO SA PETRO
-$1.2M

Top Holdings

M
MELIMERCADOLIBRE INC
+48.2%$22.5M
N
NUNU HLDGS LTD
+45.4%$21.2M
M
METAMETA PLATFORMS INC
+1.9%$903.3K
N
NVDANVIDIA CORPORATION
+1.5%$697.8K
C
CPNGCOUPANG INC
+1.2%$550.9K

Equity Positions (7)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
M
MELI
MERCADOLIBRE INC48.22%$22.5M9,636$798.87$2336.94-$1.6M
N
NU
NU HLDGS LTD45.40%$21.2M1,324,373$10.73$16.01+$2.2M
M
META
META PLATFORMS INC1.93%$903.3K1,230$491.35$734.38-$4.6K
N
NVDA
NVIDIA CORPORATION1.49%$697.8K3,740$90.87$186.58+$110.1K
C
CPNG
COUPANG INC1.18%$550.9K17,110$32.20$32.20+$550.9K

Industry Allocation

SERVICES-BUSINESS SERVICES, NEC
+48.2%
FINANCE SERVICES
+45.4%
SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
+1.9%
RETAIL-CATALOG & MAIL-ORDER HOUSES
+1.9%
SEMICONDUCTORS & RELATED DEVICES
+1.5%