# Turim 21 Investimentos Ltda.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1652174. Source: https://holderbook.com/funds/1652174-turim-21-investimentos-ltda/

- Reported value: $613.3M
- Positions: 121
- Weight of the ten largest: 86.8%
- Filed: 2026-08-10

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 |
|---|---|---|---|---|---|
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $156.3M | 209,279 | 25.5% | 4 |
| ISHARES INC | [EWZ](https://holderbook.com/stocks/EWZ/) | $89.8M | 2,602,639 | 14.6% | 21 |
| VANECK VECTORS ETF TR | [RSX](https://holderbook.com/stocks/RSX/) | $45.7M | 66,518 | 7.4% | 1 |
| VANGUARD SCOTTSDALE FDS | [VTWO](https://holderbook.com/stocks/VTWO/) | $44.7M | 121,344 | 7.3% | 2 |
| VALE S A | [VALE](https://holderbook.com/stocks/VALE/) | $38.3M | 2,545,258 | 6.2% | 19 |
| PROSHARES TR | [SPXUXXXX](https://holderbook.com/stocks/SPXUXXXX/) | $37.9M | 51,475 | 6.2% | 4 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $36.4M | 438,836 | 5.9% | 4 |
| ISHARES TR | [ISHG](https://holderbook.com/stocks/ISHG/) | $35.4M | 476,912 | 5.8% | 2 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $24.2M | 101,621 | 3.9% | 21 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $23.9M | 67,538 | 3.9% | 21 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $22.5M | 60,399 | 3.7% | 21 |
| BLOCK INC | [XYZ](https://holderbook.com/stocks/XYZ/) | $10.6M | 67,721 | 1.7% | 1 |
| BANCO MACRO SA | [BMA](https://holderbook.com/stocks/BMA/) | $9.7M | 528,547 | 1.6% | 2 |
| PAGSEGURO DIGITAL LTD | [PAGS](https://holderbook.com/stocks/PAGS/) | $5.2M | 351,223 | 0.8% | 2 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $4.0M | 121,192 | 0.7% | 4 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $3.0M | 4 | 0.5% | 22 |
| SPROTT FDS TR | [URNM](https://holderbook.com/stocks/URNM/) | $2.5M | 47,482 | 0.4% | 2 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $2.1M | 23,246 | 0.3% | 6 |
| GRUPO FINANCIERO GALICIA S.A | [GGAL](https://holderbook.com/stocks/GGAL/) | $2.1M | 41,586 | 0.3% | 9 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.0M | 6,967 | 0.3% | 21 |
| CROCS INC | [CROX](https://holderbook.com/stocks/CROX/) | $1.6M | 174,032 | 0.3% | 4 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $1.4M | 14,169 | 0.2% | 21 |
| SPDR SERIES TRUST | [XOP](https://holderbook.com/stocks/XOP/) | $1.2M | 5,683 | 0.2% | 4 |
| SMURFIT WESTROCK PLC | [SW](https://holderbook.com/stocks/SW/) | $1.2M | 14,705 | 0.2% | 5 |
| LAUDER ESTEE COS INC | [EL](https://holderbook.com/stocks/EL/) | $1.0M | 4,047 | 0.2% | 4 |
| PIONEER NAT RES CO | [PXD](https://holderbook.com/stocks/PXD/) | $1.0M | 12,000 | 0.2% | 4 |
| KRANESHARES TRUST | [KWEB](https://holderbook.com/stocks/KWEB/) | $974.2K | 39,811 | 0.2% | 6 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $719.0K | 6,570 | 0.1% | 6 |
| VTEX | [VTEX](https://holderbook.com/stocks/VTEX/) | $583.5K | 2,570 | 0.1% | 1 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $569.9K | 6,026 | 0.1% | 6 |
| ISHARES INC | [EWY](https://holderbook.com/stocks/EWY/) | $479.5K | 2,375 | 0.1% | 1 |
| SIGMA LITHIUM CORPORATION | [SGML](https://holderbook.com/stocks/SGML/) | $442.8K | 35,000 | 0.1% | 3 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $398.2K | 4,123 | 0.1% | 6 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $326.5K | 436 | 0.1% | 3 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $313.1K | 261 | 0.1% | 2 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $280.3K | 3,392 | 0.0% | 11 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $276.2K | 773 | 0.0% | 16 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $273.4K | 2,335 | 0.0% | 6 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $253.7K | 1,268 | 0.0% | 9 |
| GRAYSCALE ETHEREUM STAKING E | [ETHE](https://holderbook.com/stocks/ETHE/) | $211.8K | 16,600 | 0.0% | 4 |
| BITWISE 10 CRYPTO INDEX ETF | [BITW](https://holderbook.com/stocks/BITW/) | $190.2K | 5,062 | 0.0% | 3 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $173.5K | 3,731 | 0.0% | 2 |
| HALLIBURTON CO | [HAL](https://holderbook.com/stocks/HAL/) | $172.1K | 5,068 | 0.0% | 2 |
| BLUE OWL CAPITAL CORPORATION | [OBDC](https://holderbook.com/stocks/OBDC/) | $167.6K | 15,416 | 0.0% | 6 |
| DIGIMARC CORP NEW | [DMRC](https://holderbook.com/stocks/DMRC/) | $165.1K | 20,087 | 0.0% | 6 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $162.9K | 1,514 | 0.0% | 2 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $137.9K | 807 | 0.0% | 1 |
| ISHARES INC | [EMXC](https://holderbook.com/stocks/EMXC/) | $132.3K | 1,293 | 0.0% | 1 |
| NEXGEN ENERGY LTD | [NXE](https://holderbook.com/stocks/NXE/) | $111.8K | 579 | 0.0% | 2 |
| SPDR SERIES TRUST | [XME](https://holderbook.com/stocks/XME/) | $110.8K | 1,036 | 0.0% | 1 |
| ISHARES TR | [IDEV](https://holderbook.com/stocks/IDEV/) | $100.8K | 1,133 | 0.0% | 21 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $93.2K | 2,940 | 0.0% | 3 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $89.6K | 1,675 | 0.0% | 1 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $71.5K | 929 | 0.0% | 18 |
| UNITED STS COMMODITY INDEX F | [CPER](https://holderbook.com/stocks/CPER/) | $71.1K | 1,884 | 0.0% | 2 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $69.2K | 65 | 0.0% | 2 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $68.7K | 210 | 0.0% | 2 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $60.9K | 890 | 0.0% | 20 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $51.7K | 26 | 0.0% | 2 |
| ISHARES TR | [IGV](https://holderbook.com/stocks/IGV/) | $45.8K | 6,100 | 0.0% | 4 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $45.4K | 108 | 0.0% | 21 |
| VANECK BITCOIN ETF | [HODL](https://holderbook.com/stocks/HODL/) | $45.0K | 2,708 | 0.0% | 4 |
| ARK 21SHARES BITCOIN ETF | [ARKB](https://holderbook.com/stocks/ARKB/) | $44.8K | 2,301 | 0.0% | 4 |
| FIDELITY WISE ORIGIN BITCOIN | [FBTC](https://holderbook.com/stocks/FBTC/) | $44.8K | 877 | 0.0% | 4 |
| BITWISE BITCOIN ETF TR | [BITB](https://holderbook.com/stocks/BITB/) | $44.8K | 1,405 | 0.0% | 4 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $42.5K | 800 | 0.0% | 21 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $40.6K | 194 | 0.0% | 2 |
| ISHARES U S ETF TR | [COMT](https://holderbook.com/stocks/COMT/) | $37.4K | 197 | 0.0% | 2 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $35.5K | 484 | 0.0% | 11 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $34.9K | 462 | 0.0% | 2 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $33.5K | 296 | 0.0% | 2 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $32.7K | 2,450 | 0.0% | 4 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $29.3K | 29 | 0.0% | 2 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $25.8K | 410 | 0.0% | 2 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $25.5K | 447 | 0.0% | 2 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $22.9K | 65 | 0.0% | 2 |
| BROOKFIELD ASSET MGMT INC | [BAMXXXX](https://holderbook.com/stocks/BAMXXXX/) | $22.9K | 620 | 0.0% | 2 |
| GRAYSCALE ETHEREUM STAKING | [ETH](https://holderbook.com/stocks/ETH/) | $22.5K | 1,500 | 0.0% | 2 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $22.5K | 24 | 0.0% | 2 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $21.3K | 63 | 0.0% | 2 |
| GSK PLC | [GSK](https://holderbook.com/stocks/GSK/) | $21.2K | 404 | 0.0% | 2 |
| BANCO SANTANDER S.A. | [SAN](https://holderbook.com/stocks/SAN/) | $20.5K | 1,699 | 0.0% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $19.7K | 35 | 0.0% | 4 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $18.9K | 50 | 0.0% | 3 |
| JOBY AVIATION INC | [JOBY](https://holderbook.com/stocks/JOBY/) | $18.3K | 2,057 | 0.0% | 19 |
| ISHARES TR | [EUFN](https://holderbook.com/stocks/EUFN/) | $17.7K | 329 | 0.0% | 2 |
| BANCO BRADESCO S A | [BBD](https://holderbook.com/stocks/BBD/) | $16.2K | 1,980 | 0.0% | 4 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $14.6K | 114 | 0.0% | 2 |
| BILL HOLDINGS INC | [BILL](https://holderbook.com/stocks/BILL/) | $14.2K | 392 | 0.0% | 4 |
| GLOBAL X FDS | [COPX](https://holderbook.com/stocks/COPX/) | $14.1K | 182 | 0.0% | 2 |
| INGERSOLL RAND INC | [IR](https://holderbook.com/stocks/IR/) | $13.4K | 163 | 0.0% | 2 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $12.7K | 32 | 0.0% | 2 |
| BARCLAYS PLC | [BCS](https://holderbook.com/stocks/BCS/) | $12.7K | 472 | 0.0% | 2 |
| FIGMA INC | [FIG](https://holderbook.com/stocks/FIG/) | $11.8K | 653 | 0.0% | 3 |
| ISHARES TR | [IHE](https://holderbook.com/stocks/IHE/) | $10.8K | 109 | 0.0% | 2 |
| BANDWIDTH INC | [BAND](https://holderbook.com/stocks/BAND/) | $10.3K | 162 | 0.0% | 22 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $9.8K | 39 | 0.0% | 2 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $9.2K | 63 | 0.0% | 2 |
| ARCHER AVIATION INC | [ACHR](https://holderbook.com/stocks/ACHR/) | $9.2K | 1,944 | 0.0% | 19 |
| HSBC HLDGS PLC | [HSBC](https://holderbook.com/stocks/HSBC/) | $8.7K | 92 | 0.0% | 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 | +9.9% | +14.8% | -5.0% | 78% |
| Q1 2026 | +3.6% | -4.6% | +8.2% | 76% |
| Q4 2025 | +4.8% | +2.4% | +2.4% | 77% |
| Q3 2025 | +6.9% | +7.8% | -0.9% | 100% |
| Q2 2025 | +9.4% | +10.5% | -1.0% | 100% |
| Q1 2025 | -5.2% | -4.6% | -0.6% | 97% |
| Q4 2024 | -0.9% | +2.1% | -3.0% | 100% |
| Q3 2024 | +4.5% | +5.4% | -1.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $613.3M | 121 |
| Q1 2026 | $398.6M | 116 |
| Q4 2025 | $259.0M | 114 |
| Q3 2025 | $297.2M | 116 |
| Q2 2025 | $511.1M | 82 |
| Q1 2025 | $372.3M | 80 |
| Q4 2024 | $383.9M | 83 |
| Q3 2024 | $363.4M | 78 |
| Q2 2024 | $392.0M | 73 |
| Q1 2024 | $393.2M | 73 |
| Q4 2023 | $312.8M | 79 |
| Q3 2023 | $227.1M | 74 |