SQUADRA INVESTMENTS - GESTAO DE RECURSOS LTDA.

CIK 0001577806 · Q1 2026

13F Equity AUM

$894.1M

+67.2% QoQ

Positions

+1 QoQ

AUM Rank

#3,007

Top 24%

Skill Alpha (FF)

-15.3%/yr^ns

No Clear Edge

Rank #8,111 · Top 99%

vs S&P -27.9%/yr (unadj.)

Quarters Tracked

~8 years

Portfolio Concentration

Top 5: 99.6%Top 10: 100.0%Top 20: 100.0%

MLB139.2%

NU35.9%

STNE10.5%

XP8.3%

INTR5.6%

VALE0.4%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services49.8%

Consumer Cyclical39.2%

Technology10.5%

Other0.4%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 6Median: 9.42%Avg: 16.67%

0–0.5%

1(0.4%)

0.5–1%

0(0.0%)

1–3%

0(0.0%)

3–5%

0(0.0%)

5%+

5(99.6%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 6Unique: 0vs 20 funds

0.1%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

0.2%

0.2%

0.1%

0.1%

BANK OF AMERICA CORP /DE/

0.1%

FMR LLC

0.2%

GEODE CAPITAL MANAGEMENT, LLC

0.1%

VANGUARD CAPITAL MANAGEMENT LLC

0.1%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.1%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New1Increased4Decreased1Exited0

New Positions

VALE0.4%

+240K

Increased

NU35.9%

+10.1M(+83%)

STNE10.5%

+5.4M(+435%)

MLB139.2%

+113K(+126%)

INTR5.6%

+68K(+1%)

Decreased

XP8.3%

-884,234(-18%)

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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