SQUADRA INVESTMENTS - GESTAO DE RECURSOS LTDA.

CIK 0001577806 · Q2 2026

13F Equity AUM

$814.5M

-8.9% QoQ

Positions

-1 QoQ

AUM Rank

#2,729

Top 31%

Skill Alpha (FF)

+33.2%/yr^ns

No Clear Edge

Rank #66 · Top 0.8%

vs S&P -15.3%/yr (unadj.)

Quarters Tracked

~8 years

Portfolio Concentration

Top 5: 100.0%Top 10: 100.0%Top 20: 100.0%

NU40.2%

MLB139.3%

NDQ8.7%

INTR6.7%

STNE5.0%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services55.7%

Consumer Cyclical39.3%

Technology5.0%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 5Median: 8.74%Avg: 20.00%

0–0.5%

0(0.0%)

0.5–1%

0(0.0%)

1–3%

0(0.0%)

3–5%

1(5.0%)

5%+

4(95.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 5vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New1Increased2Decreased2Exited2

New Positions

NDQ8.7%

+97K

Increased

INTR6.7%

+3.7M(+59%)

NU40.2%

+2.2M(+10%)

Decreased

STNE5.0%

-2,915,083(-44%)

MLB139.3%

-14,249(-7%)

Exited

-3,909,501

VALE

-240,000

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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