Turim 21 Investimentos Ltda.

CIK 0001652174 · Q2 2026

13F Equity AUM

$613.3M

+53.9% QoQ

Positions

118

+3 QoQ

AUM Rank

#3,252

Top 37%

Skill Alpha (FF)

-3.4%/yr^ns

No Clear Edge

Rank #7,121 · Top 86%

vs S&P -7.0%/yr (unadj.)

Quarters Tracked

~9 years

Portfolio Concentration

Top 5: 61.1%Top 10: 86.8%Top 20: 97.2%

VTI25.5%

EWZ14.6%

RSX1USD7.5%

VTWO7.3%

VALE6.2%

INVESCO QQQ TRUST SERIES 16.2%

IEMG5.9%

ISHG5.8%

AMZN4.0%

GOOG3.9%

Others (108)13.2%

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

Sector Allocation

Financial Services71.1%

Technology6.8%

Basic Materials6.3%

Fund6.2%

Consumer Cyclical4.4%

Communication Services4.2%

Other1.0%

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

Position Sizing

Positions: 118Median: 0.01%Avg: 0.85%

0–0.5%

103(4.7%)

0.5–1%

2(1.5%)

1–3%

2(3.3%)

3–5%

3(11.5%)

5%+

8(79.0%)

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

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Portfolio Overlap

Shared: 0Unique: 118vs 20 funds

0%Low

118

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

New8Increased15Decreased4Exited4

New Positions

RSX1USD7.5%

+67K

XYZ1.7%

+68K

VTEX0.1%

+3K

EWY0.1%

+2K

XME0.0%

+1K

EMXC0.0%

+1K

SPACE EXPLORATION TE…0.0%

+807

SLV0.0%

+2K

Increased

EWZ14.6%

+2.6M(+22987%)

IEMG5.9%

+432K(+6268%)

PAGS0.8%

+202K(+135%)

CROX0.3%

+51K(+41%)

INVESCO QQQ TRUST SE…6.2%

+17K(+50%)

ISHG5.8%

+16K(+3%)

VTI25.5%

+7K(+3%)

VTWO7.3%

+5K(+4%)

KWEB0.2%

+4K(+13%)

IEFA0.1%

+4K(+704%)

Decreased

VALE6.2%

-133,618(-5%)

AMZN4.0%

-16,556(-14%)

SGML0.1%

-10,000(-22%)

GOOG3.9%

-7,664(-10%)

Exited

ERIC

-670,000

GDX

-2,788

-505

AMBWQ

-128,800

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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