13F-HR filed by Vinland Capital Management Gestora de Recursos LTDA.

Vinland Capital Management Gestora de Recursos LTDA. filed this 13F-HR for the quarter ended 2025-03-31, filed 2026-02-23, with 23 holding rows worth $139,109,495.

Accession: 0001944332-26-000002
Filer: CIK 1944332
Filed: 2026-02-23
Accepted by EDGAR: acceptance time not in the bulk data set
Ingested: 2026-10-07 03:01:36 UTC
Source: SEC quarterly data set

Original filing

13F report for Q1 2025

A holdings report, 26 entries on the cover page, a total value of $139,109,495 stated on the cover page (in dollars after the unit check, H1), rows summing to $139,109,495 with VALUE read as dollars as filed, 13F file number 028-23986. The quarter's positions are built on this report. The resolved quarter.

The information table after summing rows of one CUSIP and put or call (H4), with the CUSIP and issuer name as filed. Values in dollars after the unit check (method).

Issuer as filed	CUSIP	Class	Amount	Value	Value read as	Type
SPY	78462F103	SHS	111,600	$62,427,924	dollars as filed	put
iShares TIPS Bond ETF	464287176	SHS	348,900	$38,511,861	dollars as filed	call
iShares TIPS Bond ETF	464287176	SHS	258,100	$28,489,284	dollars as filed	put
XP INC CL A	G98239109	Stock	430,200	$5,915,250	dollars as filed	put
TIM SA-ADR	88706T108	SPONSORED ADR	86,220	$1,349,343	dollars as filed
AMBEV SA SPONSORED ADR	02319V103	ADR	400,000	$932,000	dollars as filed
CENTRAIS ELETRICAS BRASILEIR	15234Q108	SPON ADR PFD B	91,103	$709,692	dollars as filed
NVIDIA Corp	67066G104	COM	4,000	$433,520	dollars as filed
RIO TINTO PLC SPONSORED ADR	767204100	ADR	3,200	$192,256	dollars as filed
PETROLEO BRASILEIRO S A	71654V101	SP ADR NON VTG	11,000	$143,440	dollars as filed
COMPNHIA ENRG C	204409882	SPONSORED ADR	1,337	$3,409	dollars as filed
BANCO BRADESCO S A	059460303	SP ADR PFD NEW	680	$1,516	dollars as filed
IShares Bitcoin Trust Registered	46438F101	SHS	0	$0	dollars as filed	callValue filed as zero, left out of ratios.Amount filed as zero, left out of ratios.
iShares TIPS Bond ETF	464287176	SHS	0	$0	dollars as filed	Value filed as zero, left out of ratios.Amount filed as zero, left out of ratios.
MERCADOLIBREINC	58733R102	STOK	0	$0	dollars as filed	Value filed as zero, left out of ratios.Amount filed as zero, left out of ratios.
ITAU UNIBANCO HLDG S A SPON ADR REP PFD	465562106	ADR	0	$0	dollars as filed	Value filed as zero, left out of ratios.Amount filed as zero, left out of ratios.
ITAU UNIBANCO HLDG S A SPON ADR REP PFD	465562106	ADR	0	$0	dollars as filed	putValue filed as zero, left out of ratios.Amount filed as zero, left out of ratios.
ITAU UNIBANCO HLDG S A SPON ADR REP PFD	465562106	ADR	0	$0	dollars as filed	callValue filed as zero, left out of ratios.Amount filed as zero, left out of ratios.
DBX ETF TR XTRACK HRVST CSI	233051879	XTRACK HRVST CSI	0	$0	dollars as filed	callValue filed as zero, left out of ratios.Amount filed as zero, left out of ratios.
ISHARES INC MSCI BRAZIL ETF	464286400	MSCI BRAZIL ETF	0	$0	dollars as filed	Value filed as zero, left out of ratios.Amount filed as zero, left out of ratios.
ISHARES INC MSCI BRAZIL ETF	464286400	MSCI BRAZIL ETF	0	$0	dollars as filed	putValue filed as zero, left out of ratios.Amount filed as zero, left out of ratios.
ISHARES INC MSCI BRAZIL ETF	464286400	MSCI BRAZIL ETF	0	$0	dollars as filed	callValue filed as zero, left out of ratios.Amount filed as zero, left out of ratios.
AXIA ENERGIA SA	15234Q207	SPONSORED ADR	0	$0	dollars as filed	Value filed as zero, left out of ratios.Amount filed as zero, left out of ratios.

Amendment chain

Filing	Role	Filed	Accepted	Ingested
13F-HR 0001944332-26-000002	this filing	2026-02-23	acceptance time not in the bulk data set	2026-10-07 03:01:36 UTC