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Disclosery

DYNAMO INTERNACIONAL GESTAO DE RECURSOS LTDA.

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13F filer, CIK 1546790, RIO DE JANEIRO, Brazil

DYNAMO INTERNACIONAL GESTAO DE RECURSOS LTDA. reported $186,100,888 across 7 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000947871-25-001018

Period
2025-09-30
Reported value
$186M
Holdings
7
Top 10 weight
100%
New
1
Sold out
0

Largest buys vs the previous quarter

None.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
MELIreduced-20,666-$48.3M
NUreduced-2,027,300-$32.5M
VALEreduced-675,844-$7.34M
VTEXreduced-252,643-$1.11M

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, Q3 2025

Share positions as resolved from 13F-HR 0000947871-25-001018, largest first. % of portfolio is the value over $158,053,513, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
MELIMERCADOLIBRE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 44,071 shares; 2024Q4: 76,684 shares; 2025Q1: 80,816 shares; 2025Q2: 78,217 shares; 2025Q3: 57,551 shares 57,551$134M85.09%-20,666Timeline
NUNU HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 18,038,393 shares; 2024Q4: 9,409,225 shares; 2025Q1: 9,118,415 shares; 2025Q2: 2,757,015 shares; 2025Q3: 729,715 shares 729,715$11.7M7.39%-2,027,300Timeline
VTEXVTEXQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,648,948 shares; 2024Q4: 3,655,982 shares; 2025Q1: 1,498,221 shares; 2025Q2: 1,216,967 shares; 2025Q3: 964,324 shares 964,324$4.22M2.67%-252,643Timeline
VALEVALE S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,770,137 shares; 2024Q4: 4,084,812 shares; 2025Q1: 2,545,990 shares; 2025Q2: 1,043,708 shares; 2025Q3: 367,864 shares 367,864$4M2.53%-675,844Timeline
SUZSUZANO S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 450,000 shares; 2024Q4: 402,119 shares; 2025Q1: 389,234 shares; 2025Q2: 389,234 shares; 2025Q3: 389,234 shares 389,234$3.66M2.31%0Timeline

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
EWZISHARES INC MSCI BRAZIL ETFcall9,000,000$24.6M+1,040,000
MELIMERCADOLIBRE INC STOKput27,500$3.48Mnew

How Q3 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 0000947871-25-001018 base2025-11-14acceptance time not in the bulk data set