# DELTEC ASSET MANAGEMENT LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1269950. Source: https://holderbook.com/funds/1269950-deltec-asset-management-llc/

- Reported value: $677.0M
- Positions: 264
- Weight of the ten largest: 42.7%
- Filed: 2026-07-21

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $59.8M | 167,310 | 8.8% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $36.3M | 152,221 | 5.4% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $33.7M | 168,432 | 5.0% | 25 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $31.6M | 83,655 | 4.7% | 30 |
| DOORDASH INC | [DASH](https://holderbook.com/stocks/DASH/) | $30.4M | 164,555 | 4.5% | 3 |
| OCULAR THERAPEUTIX INC | [OCUL](https://holderbook.com/stocks/OCUL/) | $24.3M | 2,476,197 | 3.6% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $21.4M | 57,312 | 3.2% | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $18.2M | 38,138 | 2.7% | 31 |
| CARNIVAL CORP LTD | [CCL](https://holderbook.com/stocks/CCL/) | $17.3M | 606,584 | 2.6% | 1 |
| FLEX LTD | [FLEX](https://holderbook.com/stocks/FLEX/) | $16.1M | 99,281 | 2.4% | 14 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $15.6M | 45,403 | 2.3% | 31 |
| ALASKA AIR GROUP INC | [ALK](https://holderbook.com/stocks/ALK/) | $15.4M | 295,610 | 2.3% | 3 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $13.0M | 64,555 | 1.9% | 3 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $11.9M | 21,101 | 1.8% | 31 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $11.4M | 158,148 | 1.7% | 22 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $10.6M | 8,800 | 1.6% | 14 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $8.5M | 74,652 | 1.2% | 13 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $8.4M | 23,767 | 1.2% | 31 |
| EQT CORP | [EQT](https://holderbook.com/stocks/EQT/) | $8.1M | 152,139 | 1.2% | 20 |
| GLOBAL X FDS | [URA](https://holderbook.com/stocks/URA/) | $8.1M | 185,100 | 1.2% | 7 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $7.6M | 26,337 | 1.1% | 31 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $7.6M | 42,089 | 1.1% | 31 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $7.0M | 16,679 | 1.0% | 6 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $6.9M | 23,015 | 1.0% | 16 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $6.8M | 39,900 | 1.0% | 3 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $6.4M | 12,364 | 0.9% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $5.7M | 16,065 | 0.8% | 31 |
| EMBRAER S.A. | [EMBJ](https://holderbook.com/stocks/EMBJ/) | $5.1M | 79,750 | 0.8% | 16 |
| VISTA ENERGY S.A.B. DE C.V. | [VIST](https://holderbook.com/stocks/VIST/) | $5.1M | 79,170 | 0.7% | 19 |
| CELESTICA INC | [CLS](https://holderbook.com/stocks/CLS/) | $4.7M | 12,970 | 0.7% | 1 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $4.6M | 6,205 | 0.7% | 31 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $4.4M | 56,471 | 0.6% | 14 |
| COPA HOLDINGS SA | [CPA](https://holderbook.com/stocks/CPA/) | $4.3M | 27,325 | 0.6% | 31 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $4.0M | 26,100 | 0.6% | 10 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $3.9M | 7,813 | 0.6% | 14 |
| JABIL INC | [JBL](https://holderbook.com/stocks/JBL/) | $3.8M | 9,900 | 0.6% | 1 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $3.7M | 85,900 | 0.5% | 6 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $3.6M | 23,000 | 0.5% | 15 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $3.5M | 3,627 | 0.5% | 9 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $3.3M | 1,965 | 0.5% | 28 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $3.3M | 3,485 | 0.5% | 15 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $3.3M | 27,746 | 0.5% | 5 |
| ANTERO RESOURCES CORP | [AR](https://holderbook.com/stocks/AR/) | $3.2M | 90,000 | 0.5% | 1 |
| LUMENTUM HLDGS INC | [LITE](https://holderbook.com/stocks/LITE/) | $3.0M | 3,500 | 0.4% | 1 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $3.0M | 2,550 | 0.4% | 3 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $3.0M | 41,632 | 0.4% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $2.9M | 8,925 | 0.4% | 31 |
| MANNKIND CORP | [MNKD](https://holderbook.com/stocks/MNKD/) | $2.7M | 628,000 | 0.4% | 4 |
| QXO INC | [QXO](https://holderbook.com/stocks/QXO/) | $2.5M | 144,310 | 0.4% | 8 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $2.5M | 17,600 | 0.4% | 6 |
| BBB FOODS INC | [TBBB](https://holderbook.com/stocks/TBBB/) | $2.3M | 54,500 | 0.3% | 4 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $2.3M | 12,250 | 0.3% | 13 |
| SPDR SERIES TRUST | [XBI](https://holderbook.com/stocks/XBI/) | $2.2M | 14,000 | 0.3% | 3 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $2.0M | 9,317 | 0.3% | 7 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $2.0M | 13,500 | 0.3% | 1 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $1.9M | 43,000 | 0.3% | 3 |
| TRG LATIN AMER ACQUIS CORP | - | $1.9M | 196,378 | 0.3% | 1 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $1.9M | 1,900 | 0.3% | 6 |
| PAMPA ENERGIA S A | [PAM](https://holderbook.com/stocks/PAM/) | $1.7M | 20,688 | 0.3% | 6 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $1.7M | 29,330 | 0.2% | 7 |
| VANECK ETF TRUST | [VNM](https://holderbook.com/stocks/VNM/) | $1.7M | 91,000 | 0.2% | 16 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $1.7M | 2,300 | 0.2% | 2 |
| KB FINL GROUP INC | [KB](https://holderbook.com/stocks/KB/) | $1.6M | 15,658 | 0.2% | 31 |
| LAUNCH TWO ACQUISITION CORP. | [LPBB](https://holderbook.com/stocks/LPBB/) | $1.6M | 150,000 | 0.2% | 7 |
| SIZZLE ACQUISITION CORP. II | [SZZL](https://holderbook.com/stocks/SZZL/) | $1.6M | 150,000 | 0.2% | 5 |
| SOULPOWER ACQUISITION CORP | [SOUL](https://holderbook.com/stocks/SOUL/) | $1.6M | 150,000 | 0.2% | 5 |
| LIONHEART HOLDINGS | [CUB](https://holderbook.com/stocks/CUB/) | $1.5M | 141,500 | 0.2% | 8 |
| JBS N.V. | [JBS](https://holderbook.com/stocks/JBS/) | $1.5M | 129,250 | 0.2% | 5 |
| SUMA ACQUISITION CORP | [SUMAR](https://holderbook.com/stocks/SUMAR/) | $1.5M | 150,000 | 0.2% | 1 |
| KRATOS DEFENSE & SEC SOLUTIO | [KTOS](https://holderbook.com/stocks/KTOS/) | $1.4M | 29,000 | 0.2% | 1 |
| MIRION TECHNOLOGIES INC | [MIR](https://holderbook.com/stocks/MIR/) | $1.4M | 80,000 | 0.2% | 1 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $1.4M | 4,160 | 0.2% | 5 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $1.4M | 3,450 | 0.2% | 5 |
| YPF SOCIEDAD ANONIMA | [YPF](https://holderbook.com/stocks/YPF/) | $1.4M | 30,250 | 0.2% | 8 |
| HDFC BANK LTD | [HDB](https://holderbook.com/stocks/HDB/) | $1.4M | 53,200 | 0.2% | 31 |
| AXIA ENERGIA SA | [AXIA](https://holderbook.com/stocks/AXIA/) | $1.3M | 125,500 | 0.2% | 16 |
| MICROCHIP TECHNOLOGY INC. | [MCHP](https://holderbook.com/stocks/MCHP/) | $1.3M | 14,400 | 0.2% | 2 |
| ITAU UNIBANCO HLDG S A | [ITUB](https://holderbook.com/stocks/ITUB/) | $1.3M | 159,333 | 0.2% | 31 |
| GRUPO FINANCIERO GALICIA S.A | [GGAL](https://holderbook.com/stocks/GGAL/) | $1.3M | 25,900 | 0.2% | 7 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $1.3M | 22,402 | 0.2% | 31 |
| GARRETT MOTION INC | [GTX](https://holderbook.com/stocks/GTX/) | $1.3M | 35,000 | 0.2% | 21 |
| BREEZE ACQUISITION CORP II | [BREZR](https://holderbook.com/stocks/BREZR/) | $1.2M | 125,000 | 0.2% | 1 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $1.2M | 1,626 | 0.2% | 5 |
| WYNDHAM HOTELS & RESORTS INC | [WH](https://holderbook.com/stocks/WH/) | $1.2M | 14,000 | 0.2% | 24 |
| BANCO BBVA ARGENTINA S A | [BBAR](https://holderbook.com/stocks/BBAR/) | $1.1M | 58,500 | 0.2% | 8 |
| VINCI COMPASS INVESTMENTS LT | [VINP](https://holderbook.com/stocks/VINP/) | $1.1M | 116,370 | 0.2% | 3 |
| ROUNDHILL ETF TRUST | - | $1.1M | 15,000 | 0.2% | 1 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $1.1M | 5,100 | 0.2% | 27 |
| GRAF GLOBAL CORP | [GRAF](https://holderbook.com/stocks/GRAF/) | $1.1M | 100,000 | 0.2% | 8 |
| LAUNCH ONE ACQUISITION CORP | [LPAA](https://holderbook.com/stocks/LPAA/) | $1.1M | 100,000 | 0.2% | 8 |
| DYNAMIX CORP | [DYNC](https://holderbook.com/stocks/DYNC/) | $1.0M | 97,285 | 0.2% | 1 |
| ISHARES TR | [INDA](https://holderbook.com/stocks/INDA/) | $1.0M | 21,100 | 0.2% | 31 |
| TITAN ACQUISITION CORP | [TACH](https://holderbook.com/stocks/TACH/) | $1.0M | 100,000 | 0.2% | 5 |
| JENA ACQUISITION CORP II | [JENA](https://holderbook.com/stocks/JENA/) | $1.0M | 100,000 | 0.2% | 4 |
| INFLECTION PT ACQUISIT CORP | - | $1.0M | 99,900 | 0.2% | 1 |
| ICICI BANK LIMITED | [IBN](https://holderbook.com/stocks/IBN/) | $1.0M | 35,500 | 0.2% | 31 |
| OTG ACQUISITION CORP. I | [OTGA](https://holderbook.com/stocks/OTGA/) | $1.0M | 100,000 | 0.1% | 3 |
| EMMIS ACQUISITION CORP. | [EMIS](https://holderbook.com/stocks/EMIS/) | $1.0M | 100,000 | 0.1% | 3 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $1.0M | 1,400 | 0.1% | 1 |
| SAFEGUARD ACQUISITION CORP | [SAC](https://holderbook.com/stocks/SAC/) | $1.0M | 100,000 | 0.1% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +14.4% | +14.8% | -0.4% | 99% |
| Q1 2026 | -6.7% | -4.6% | -2.1% | 99% |
| Q4 2025 | +2.8% | +2.4% | +0.4% | 99% |
| Q3 2025 | +8.2% | +7.8% | +0.3% | 100% |
| Q2 2025 | +19.6% | +10.5% | +9.1% | 99% |
| Q1 2025 | -7.9% | -4.6% | -3.3% | 100% |
| Q4 2024 | +6.5% | +2.1% | +4.4% | 100% |
| Q3 2024 | +3.6% | +5.4% | -1.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $677.0M | 264 |
| Q1 2026 | $545.4M | 235 |
| Q4 2025 | $603.5M | 218 |
| Q3 2025 | $606.3M | 206 |
| Q2 2025 | $560.8M | 191 |
| Q1 2025 | $465.3M | 164 |
| Q4 2024 | $505.5M | 161 |
| Q3 2024 | $507.1M | 155 |
| Q2 2024 | $522.8M | 153 |
| Q1 2024 | $507.0M | 153 |
| Q4 2023 | $444.4M | 144 |
| Q3 2023 | $439.0M | 156 |