Gavea Investimentos Ltda 13F annual report

Gavea Investimentos Ltda is an investment fund managing more than $77.6 million ran by Luiz Braga. There are currently 4 companies in Braga’s portfolio. The largest investments include MercadoLibre Inc and Vtex, together worth $53.2 million.

$77.6 million Assets Under Management (AUM)

As of 3rd November 2022, Gavea Investimentos Ltda’s top holding is 45,632 shares of MercadoLibre Inc currently worth over $37.8 million and making up 48.7% of the portfolio value. Relative to the number of outstanding shares of MercadoLibre Inc, Gavea Investimentos Ltda owns more than approximately 0.1% of the company. In addition, the fund holds 4,163,670 shares of Vtex worth $15.4 million, whose value fell 13.5% in the past six months. The third-largest holding is Arco Platform Ltd worth $12.3 million and the next is XP Inc worth $12.1 million, with 633,956 shares owned.

Currently, Gavea Investimentos Ltda's portfolio is worth at least $77.6 million. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Gavea Investimentos Ltda

The Gavea Investimentos Ltda office and employees reside in Rj, Brazil. According to the last 13-F report filed with the SEC, Luiz Braga serves as the Chief Compliance Officer at Gavea Investimentos Ltda.

Recent trades

In the most recent 13F filing, Gavea Investimentos Ltda revealed that it had opened a new position in Arco Platform Ltd and bought 1,142,724 shares worth $12.3 million. This means they effectively own approximately 0.1% of the company. Arco Platform Ltd makes up 44.5% of the fund's Technology sector allocation and has decreased its share price by 37.7% in the past year.

The investment fund also strengthened its position in MercadoLibre Inc by buying 32,010 additional shares. This makes their stake in MercadoLibre Inc total 45,632 shares worth $37.8 million. MercadoLibre Inc dropped 43.6% in the past year.

On the other hand, there are companies that Gavea Investimentos Ltda is getting rid of from its portfolio. Gavea Investimentos Ltda closed its position in Yandex N V on 10th November 2022. It sold the previously owned 167,784 shares for $13.4 million.

One of the smallest hedge funds

The two most similar investment funds to Gavea Investimentos Ltda are Ardian France S.A. and Smith Thomas W. They manage $77.5 million and $77.6 million respectively.

Luiz Braga investment strategy

Gavea Investimentos Ltda’s portfolio is diversified across 3 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 48.7% of the total portfolio value. The fund focuses on investments in the Uruguay as 25.0% of the portfolio companies are based in the Uruguay.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 50% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $14.4 billion.

The complete list of Gavea Investimentos Ltda trades based on 13F SEC filings

These positions were updated on November 10th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
MercadoLibre Inc	234.99% 45,632	$37,773,000	48.70%
Vtex	No change 4,163,670	$15,406,000	19.86%
Yandex N V	Closed 167,784	$13,371,000
Facebook Inc	Closed 37,067	$12,580,000
Arco Platform Ltd	Opened 1,142,724	$12,330,000	15.90%
XP Inc	173.53% 633,956	$12,052,000	15.54%
Amazon.com Inc.	Closed 930	$3,055,000
No transactions found
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