13F Insight
DOSSIER · 13F-HR · Q1 2026

DYNAMO INTERNACIONAL GESTAO DE RECURSOS LTDA.

$292M in tracked AUM across 7 positions as of Q1 2026.

DI
CIK 0001546790 · last filed Mar 31, 2026
Total AUM
$292M
as of Q1 2026
Holdings
7
—
positions
Whale Score
69
69
tracked
Activity
—
no data
changes this Q
AI Analysis · Q1 2026

Portfolio Overview

Dynamo Internacional Gestao de Recursos Ltda. presents a highly concentrated, high-conviction portfolio as of the reporting period September 30, 2025. The firm manages approximately $157.54 million across just five holdings, indicating a strategy that prioritizes selectivity over broad diversification. The portfolio underwent a significant reduction in total value, decreasing by 43.9% from $280.77 million in the previous quarter. This substantial decrease in assets under ...

Key Holdings

The portfolio is dominated by Mercado Libre Inc., which stands as the cornerstone holding with a value of $137.97 million. Representing 87.58% of the portfolio, this 850,000-share position indicates an extreme concentration of risk and potential reward. The firm increased this stake by 8.7% during the quarter, adding $66.46 million in value, signaling a strong conviction in the company's long-term growth trajectory despite the overall portfolio shrinkage.

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
MELI
MERCADO LIBRE INC
$161M93K55.3%02
G6683N103
NU HOLDINGS LTD
$79M5.5M27.2%03
SUZ
SUZANO SA
$26M2.6M8.9%04
EWZ
ISHARES INC
$25M4.9M8.7%

Filing history

2026Q1Mar 31
$292M▲ 97.3%
7 positionsView →2025Q4Dec 31
$148M▼ 6.2%
10 positionsView →2025Q3Sep 30
$158M▼ 43.9%
5 positionsView →2025Q2Jun 30
$281M▲ 3.3%
7 positionsLocked2025Q1Mar 31
$272M▼ 11.3%
6 positionsLocked2024Q4Dec 31
$307M▼ 31.7%
9 positionsLocked2024Q3Sep 30
$449M▼ 23.5%
10 positionsLocked2024Q2Jun 30
$587M▼ 4.6%
9 positionsLocked2024Q1Mar 31
$615M▼ 15.8%
9 positionsLocked2023Q4Dec 31
$730M▼ 49.7%
24 positionsLocked2023Q3Sep 30
$1.4B▲ 67.3%
27 positionsLocked2023Q2Jun 30
$866M▲ 3.2%
22 positionsLocked
Showing 12 of 51