Arkolith/Funds/Pangea Capital Gestao de Recursos Ltda.

Pangea Capital Gestao de Recursos Ltda.

CIK 2119167
Holdings as of Mar 31, 2026·disclosed Aug 19, 2026·~141-day 13F lag·13F-HR/AAmended
Active Filer

Pangea Capital Gestao de Recursos Ltda. holds a concentrated book of 8 stocks worth $131.3M as of Q1 2026 (disclosed Aug 19, 2026, a ~141-day 13F lag). This quarter they opened Constellation Brands Inc-A. Their largest long position is Berkshire Hathaway Inc-CL B at 72% of the equity book. They also disclosed $151K in call options (bullish), shown separately below and excluded from the equity book. Cloning the disclosed picks since 2026 would be +8%. That is a simulation of the disclosed long book, not audited returns.

Trimmed
0
sold some, still holds it
no trims
Sold out
2
exited the position entirely

Growth of $10,000: cloning the disclosed book

If you'd copied them
+8.2%
since Jun '26
Their reported book
+194.6%
held from quarter-end
S&P 500
+3.5%
same window
$9K$10K$10K$11K$12KJun '26Jul '26Jul '26Jul '26Aug '26Aug '26
Pangea Capital Gestao de Recursos Ltda. (copied at disclosure) S&P 500

The reported book (valued from quarter-end) returned +194.6%, a 186.4-point gap that is the cost of the ~141-day 13F disclosure lag a real follower can't avoid.

Growth of $10,000 cloning Pangea Capital Gestao de Recursos Ltda.'s disclosed long 13F book, rebalanced on each filing date (so it reflects each quarter's actual reporting lag, ~141 days for the latest filing, with no look-ahead), total-return basis (dividends reinvested), derived from end-of-day prices. “Their reported book” values the same picks from quarter-end, before they were public. S&P 500 is SPY total return over the same window. Excludes shorts, cash, options and non-13F holdings. Not investment advice.

Concentration

Top-heavy: concentrated book

Top 5 holdings
98%
Top 10 holdings
100%
Top 20 holdings
100%

Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.

Direct sector allocation

98% mapped to company sectors

Financials
79%
Consumer Discretionary
14%
Industrials
2%
Information Technology
2%
ETF / fund or unclassified
2%
Consumer Staples
0%

Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.

Biggest moves: latest quarter

Estimated $ traded · quarter-end prices, no cost basis

Bought
Trimmed / exited

Funds with the most overlap

Other tracked managers holding the same core names as Pangea Capital Gestao de Recursos Ltda.

Manager / fundShared namesTheir $ in those
BlackRock, Inc.11 / 8$312.9B
MORGAN STANLEY11 / 8$75.4B
GOLDMAN SACHS GROUP INC11 / 8$30.7B
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME11 / 8$28.0B
ROYAL BANK OF CANADA11 / 8$20.2B
UBS Group AG11 / 8$15.9B
WELLS FARGO & COMPANY/MN11 / 8$15.6B
BARCLAYS PLC11 / 8$14.2B

Ranked by how many of Pangea Capital Gestao de Recursos Ltda.'s top 8 disclosed names each fund also holds: a cross-fund conviction signal from the latest 13F of every tracked manager.

Holdings: largest first

Bars show each stock's share of the portfolio. Click a row for its position history.

8 positions
#SecurityValueShares% PortLast moveHistory
1Berkshire Hathaway Inc Del
CL B NEW
$94.9M198.0K
72.2%
+16%
Added · +27K sh
2Amazon Com Inc
COM
$19.0M91.2K
14.5%
+2.2%
Added · +2K sh
3Berkshire Hathaway Inc Del
CL A
$8.6M12
6.6%
Held
4Mercadolibre Inc
COM
$3.1M1.8K
2.4%
Held
5Meta Platforms Inc
CL A
$2.9M5.1K
2.2%
+69%
Added · +2K sh
6Ishares Inc
MSCI BRAZIL ETF
$2.4M62.0K
1.8%
Held
7Constellation Brands Inc
CL A
$300K2.0K
0.2%
New
New position
8Noah Hldgs Ltd
SPON ADS
$158K16.0K
0.1%
New
New position
Showing all 8 positions
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Largest options & derivatives disclosed

Put / call positions from the 13F — totals include every disclosed option leg

Call notional (bullish)$151K
TypeUnderlyingNotional valueUnderlying shares
CALL · bullishISHARES INC$151K220

13F filers disclose option positions at the market value of the underlying the contracts reference, not the premium paid. A put is a bearish bet (it gains if the stock falls); a call is bullish. “Underlying shares” is the share count the contracts control, not a share holding. These legs are excluded from the equity book, weighting, concentration and sector figures above.

Filing history

As-of date vs the date the SEC received each filing

QuarterAs ofFiledPositionsValueForm
Q1 2026Mar 31, 2026Aug 19, 20269$131.5M13F-HR/A
Q4 2025Dec 31, 2025Aug 17, 20269$123.6M13F-HR
Q3 2025Sep 30, 2025Jul 21, 20268$115.6M13F-HR
Q2 2025Jun 30, 2025Aug 17, 20268$111.6M13F-HR
Q1 2025Mar 31, 2025Jul 2, 20266$119.9M13F-HR
Q4 2024Dec 31, 2024Jul 2, 20264$130.1M13F-HR
Q3 2024Sep 30, 2024Jul 2, 20264$129.1M13F-HR
Q2 2024Jun 30, 2024Jul 2, 20264$116.4M13F-HR
Q1 2024Mar 31, 2024Jul 2, 20263$117.9M13F-HR
Q4 2023Dec 31, 2023Jul 2, 20263$100.0M13F-HR
Q3 2023Sep 30, 2023Jun 18, 20263$124.3M13F-HR
Q1 2023Mar 31, 2023Aug 17, 20266$115.0M13F-HR
Q4 2022Dec 31, 2022Aug 17, 20269$111.9M13F-HR
Amended / restated
  • Q1 2026 · filed Jun 18, 202613F-HR · superseded

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly, filed up to 45 days after quarter-end. Public domain. The book and weighting are long equity only; disclosed put/call options are listed separately and excluded from those totals. The performance line is a simulation of the disclosed long book, not an audited return.