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Pangea Capital Gestao de Recursos Ltda.

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13F filer, CIK 2119167, RIO DE JANEIRO, Brazil

Pangea Capital Gestao de Recursos Ltda. reported $115,568,422 across 8 holdings for the quarter ended 2025-09-30, in a 13F-HR/A filed 2026-08-21.

Filed (acceptance time not in the bulk data set), ingested 13F-HR/A 0001398344-26-015195

Period
2025-09-30
Reported value
$116M
Holdings
8
Top 10 weight
100%
New
1
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
BRK-Badded+2,000$1.01M

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
BCreduced-5,000-$316K
RICKexited-5,900-$225K

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/A 0001398344-26-015195, largest first. % of portfolio is the value over $115,502,422, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 228,378 shares; 2024Q4: 226,378 shares; 2025Q1: 171,928 shares; 2025Q2: 160,007 shares; 2025Q3: 162,007 shares 162,007$81.4M70.52%+2,000Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 79,221 shares; 2024Q4: 79,221 shares; 2025Q1: 79,221 shares; 2025Q2: 89,221 shares; 2025Q3: 89,221 shares 89,221$19.6M16.96%0Timeline
BRK-ABERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12 shares; 2024Q4: 12 shares; 2025Q1: 12 shares; 2025Q2: 12 shares; 2025Q3: 12 shares 12$9.05M7.84%0Timeline
EWZISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,000 shares; 2024Q4: 87,000 shares; 2025Q1: 121,000 shares; 2025Q2: 135,000 shares; 2025Q3: 135,000 shares 135,000$4.18M3.62%0Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 900 shares; 2025Q3: 900 shares 900$661K0.57%0Timeline
BCBRUNSWICK CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 5,000 shares; 2025Q2: 9,900 shares; 2025Q3: 4,900 shares 4,900$310K0.27%-5,000Timeline
LGIHLGI HOMES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 5,000 shares; 2025Q2: 5,000 shares; 2025Q3: 5,000 shares 5,000$259K0.22%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
ISHARES INCISHARES INC CALLcall220$66Knew

Sold out in Q3 2025

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

SecurityShares beforeValue beforeType
RICKRCI HOSPITALITY HLDGS INC5,900$225Kshares

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 0001398344-26-012362 superseded2026-07-21acceptance time not in the bulk data set
13F-HR/A 0001398344-26-015195 baserestatement2026-08-21acceptance time not in the bulk data set