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Atmos Capital Gestao de Recursos Ltda.

CIK:0001832439
Hedge Fund
$650M AUM
10 holdings
São Paulo, SP, Brazil
Founded:2009
40 employees
Latest filing:Jun 30, 2025

Atmos Capital Gestão de Recursos Ltda. is an independent hedge fund manager headquartered in São Paulo, Brazil. Founded in 2009, the firm specializes in Brazilian equity markets and serves both institutional and high-net-worth investors. Known for its focused approach and independent ownership, it has established a reputation as a leading asset management firm in Brazil’s financial industry.

Investment Strategy

Atmos Capital exclusively targets Brazilian equities, leveraging in-depth research and a rigorous selection process to build concentrated positions in companies they believe offer strong risk-adjusted returns. The fund typically maintains a long-biased portfolio, focused on deep fundamental analysis, governance assessment, and engagement with management, aiming to generate alpha through conviction-driven investments in domestic listed companies.

Latest 13F Filing Activity

Atmos Capital Gestao de Recursos Ltda. filed their most recent 13F report on Jun 30, 2025 disclosing 10 equity positions with a total 13F market value of $645M. The fund increased holdings in Nu HLDGS LTD, XP Inc., Mercadolibre Inc. among other positions. Atmos Capital Gestao de Recursos Ltda. reduced exposure to Meta Platforms Inc., Alphabet Inc., Amazon Com Inc. among others.

Top Buys
N
NUNU HLDGS LTD
+$137.2M
X
XPXP INC
+$40.7M
M
MELIMERCADOLIBRE INC
+$40.5M
T
TSMTAIWAN SEMICONDUCTOR MFG LTD
+$30.5M
S
STNESTONECO LTD
+$20.3M
Top Sells
M
METAMETA PLATFORMS INC
-$43.9M
G
GOOGLALPHABET INC
-$40.7M
T
TSMTAIWAN SEMICONDUCTOR MFG LTD
+$30.5M
S
STNESTONECO LTD
+$20.3M
A
AMZNAMAZON COM INC
-$15.9M

Top Holdings

N
NUNU HLDGS LTD
+26.5%$171.1M
X
XPXP INC
+25.4%$163.7M
S
STNESTONECO LTD
+22.6%$145.9M
M
MELIMERCADOLIBRE INC
+19.9%$128.3M
T
TSMTAIWAN SEMICONDUCTOR MFG LTD
+4.7%$30.5M

Equity Positions (10)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
NU HLDGS LTD26.51%$171.1M12,469,985$11.62$13.72+$137.2M
XP INC25.37%$163.7M8,103,248$16.46$20.20+$40.7M
STONECO LTD22.61%$145.9M9,096,070$12.27$16.04+$20.3M
MERCADOLIBRE INC19.88%$128.3M49,076$1331.12$2613.63+$40.5M
TAIWAN SEMICONDUCTOR MFG LTD4.73%$30.5M134,754$226.49$226.49+$30.5M

Industry Allocation

FINANCE SERVICES
+30.6%
SECURITY BROKERS, DEALERS & FLOTATION COMPANIES
+26.1%
SERVICES-COMPUTER PROCESSING & DATA PREPARATION
+22.7%
SERVICES-BUSINESS SERVICES, NEC
+4.6%
SEMICONDUCTORS & RELATED DEVICES
+4.3%