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ATMOS CAPITAL GESTAO DE RECURSOS LTDA.

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13F filer, CIK 1832439, Leblon - Rio de Janeiro, Brazil

ATMOS CAPITAL GESTAO DE RECURSOS LTDA. reported $760,495,522 across 16 holdings for the quarter ended 2025-12-31, in a 13F-HR/A filed 2026-02-20. Its ten largest share positions make up 93.2% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR/A 0001213900-26-018720

Period
2025-12-31
Reported value
$760M
Holdings
16
Top 10 weight
93.2%
New
3
Sold out
4

Largest buys vs the previous quarter

SecurityShares changeApprox. value
MELIadded+60,870$123M
DLOnew+1,913,998$27.1M
NUadded+1,554,704$26M
ABNBnew+93,701$12.7M
BKNGnew+2,176$11.7M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
STNEexited-8,938,117-$169M
XPreduced-2,726,807-$44.6M
GOOGLreduced-12,502-$3.91M
TSMreduced-12,726-$3.87M
AAPLreduced-13,558-$3.69M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR/A 0001213900-26-018720, largest first. % of portfolio is the value over $660,049,222, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
NUNU HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,866,736 shares; 2024Q4: 4,606,283 shares; 2025Q1: 3,304,622 shares; 2025Q2: 12,469,985 shares; 2025Q3: 14,261,084 shares; 2025Q4: 15,815,788 shares 15,815,788$265M40.11%+1,554,704Timeline
MELIMERCADOLIBRE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 49,900 shares; 2024Q4: 48,568 shares; 2025Q1: 44,963 shares; 2025Q2: 49,076 shares; 2025Q3: 14,665 shares; 2025Q4: 75,535 shares 75,535$152M23.05%+60,870Timeline
XPXP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,101,111 shares; 2024Q4: 7,436,029 shares; 2025Q1: 8,941,951 shares; 2025Q2: 8,103,248 shares; 2025Q3: 8,348,466 shares; 2025Q4: 5,621,659 shares 5,621,659$92M13.94%-2,726,807Timeline
DLODLOCAL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,493,806 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,913,998 shares 1,913,998$27.1M4.1%newTimeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 267,795 shares; 2025Q1: 263,446 shares; 2025Q2: not reported; 2025Q3: 59,903 shares; 2025Q4: 47,401 shares 47,401$14.8M2.25%-12,502Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 134,754 shares; 2025Q3: 58,836 shares; 2025Q4: 46,110 shares 46,110$14M2.12%-12,726Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 63,293 shares; 2025Q4: 49,735 shares 49,735$13.5M2.05%-13,558Timeline
ABNBAIRBNB INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 93,701 shares 93,701$12.7M1.93%newTimeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 84,565 shares; 2025Q4: 66,213 shares 66,213$12.3M1.87%-18,352Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 499,220 shares; 2024Q4: 204,673 shares; 2025Q1: 83,811 shares; 2025Q2: not reported; 2025Q3: 65,304 shares; 2025Q4: 50,964 shares 50,964$11.8M1.78%-14,340Timeline
BKNGBOOKING HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 2,176 shares 2,176$11.7M1.77%newTimeline
NFLXNETFLIX INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 5,759 shares; 2025Q4: 119,889 shares 119,889$11.2M1.7%+114,130Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 29,235 shares; 2025Q4: 22,750 shares 22,750$11M1.67%-6,485Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 156,807 shares; 2024Q4: 83,671 shares; 2025Q1: 76,112 shares; 2025Q2: not reported; 2025Q3: 19,706 shares; 2025Q4: 15,336 shares 15,336$10.1M1.53%-4,370Timeline
VTEXVTEXQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 261,572 shares; 2024Q4: 260,358 shares; 2025Q1: 243,315 shares; 2025Q2: 226,055 shares; 2025Q3: 223,027 shares; 2025Q4: 222,514 shares 222,514$837K0.13%-513Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
XPXP INC Stockcall6,136,000$100M+4,126,000

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
STNESTONECO LTD8,938,117$169Mshares
QQQINVESCO QQQ TR2,592$1.56Mshares
KWEBKRANESHARES TRUST33,566$1.41Mshares
CXSEWISDOMTREE TR29,779$1.33Mshares

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001213900-26-017461 superseded2026-02-17acceptance time not in the bulk data set
13F-HR/A 0001213900-26-018720 baserestatement2026-02-20acceptance time not in the bulk data set