Skip to content
Disclosery

SQUADRA INVESTMENTS - GESTAO DE RECURSOS LTDA.

Follow

13F filer, CIK 1577806, RIO DE JANEIRO, Brazil

SQUADRA INVESTMENTS - GESTAO DE RECURSOS LTDA. reported $448,058,693 across 6 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 0000899140-25-001316

Period
2025-09-30
Reported value
$448M
Holdings
6
Top 10 weight
100%
New
1
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
INTRadded+5,490,776$50.7M
NUadded+2,385,373$38.2M

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
STNEreduced-4,006,650-$75.8M
XPreduced-837,045-$15.7M

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.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0000899140-25-001316, largest first. % of portfolio is the value over $425,722,945, 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; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 9,169,000 shares; 2025Q3: 11,554,373 shares 11,554,373$185M43.45%+2,385,373Timeline
XPXP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,082,836 shares; 2024Q4: 7,617,896 shares; 2025Q1: 9,252,142 shares; 2025Q2: 7,704,433 shares; 2025Q3: 6,867,388 shares 6,867,388$129M30.31%-837,045Timeline
STNESTONECO LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,504,474 shares; 2024Q4: 13,951,183 shares; 2025Q1: 13,538,310 shares; 2025Q2: 7,035,308 shares; 2025Q3: 3,028,658 shares 3,028,658$57.3M13.45%-4,006,650Timeline
INTRINTER & CO 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: 406,005 shares; 2025Q3: 5,896,781 shares 5,896,781$54.4M12.78%+5,490,776Timeline

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 Stockput771,200$14.5M+60,800
NUNU HLDGS LTD ORD SHS CL Aput490,000$7.84Mnew

Sold out in Q3 2025

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

SecurityShares beforeValue beforeType
STNESTONECO LTD928,800$14.9Mput

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 0000899140-25-001316 base2025-11-14acceptance time not in the bulk data set