Verde Servicos Internacionais S.A.

Hedge Fund • Global Macro

Verde Servicos Internacionais S.A. is a Global Macro Hedge Fund led by Luis Stuhlberger, reporting $1.3B in AUM as of Q3 2025 with 37% ETF concentration, 80% concentrated in top 10 holdings, and 37% allocation to IBIT.

CEOLuis Stuhlberger

Portfolio Value: $322.8M
Positions: 32
Top Holding: IBIT at 36.51%
Last Reported: Q3 2025

AddressAvenida Brigadeiro Faria Lima, 3600, 11� Andar (parte), Sao Paulo, 04538-132, Brazil

Top Holdings

Largest long holdings in Verde Servicos Internacionais S.A.'s portfolio (80% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 iShares Bitcoin Trust IBIT	ETF ETF	$117.9M	36.51%	+$73.8M Bought	— 1.8M shares	Q3 2024 Held for 1y 2m
2 Microsoft MSFT	Software - Infrastructure Technology	$24.9M	7.72%	+$1.5M Bought	0.00% 48.1K shares	Q4 2015 Held for 9y 11m
3 Capital One Financial COF	Financial - Credit Services Financial Services	$16.9M	5.24%	+$16.9M New	0.01% 79.5K shares	Q3 2025 Held for 2 months
4 Nvidia NVDA	Semiconductors Technology	$15.4M	4.78%	+$4.4M Bought	0.00% 82.7K shares	Q2 2023 Held for 2y 5m
5 GFL Environmental Inc. GFL	Waste Management Industrials	$15.1M	4.67%	+$6.9M Bought	0.09% 318.5K shares	Q1 2025 Held for 8 months
6 Intuitive Surgical ISRG	Medical - Instruments & Supplies Healthcare	$15.1M	4.67%	+$8.0M Bought	0.01% 33.7K shares	Q1 2025 Held for 8 months
7 FTAI Aviation Ltd. FTAI	Rental & Leasing Services Industrials	$14.7M	4.56%	+$14.7M Bought	0.09% 88.3K shares	Q3 2025 Held for 2 months
8 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$14.2M	4.39%	+$197.5K Bought	0.00% 19.3K shares	Q2 2023 Held for 2y 5m
9 Domino's Pizza DPZ	Restaurants Consumer Cyclical	$13.3M	4.12%	+$5.2M Bought	0.09% 30.8K shares	Q2 2025 Held for 5 months
10 Vertiv Holdings Co VRT	Electrical Equipment & Parts Industrials	$10.9M	3.37%	-$301.7 Sold	0.02% 72.1K shares	Q2 2024 Held for 1y 5m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Verde Servicos Internacionais S.A.'s latest filing

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Market Value

$322.8M

Prior: $213.0M

Q/Q Change

+51.53%

+$109.8M

Turnover Ratio

34.31%

New Purchases

10 stocks

$25.2M

Added To

10 stocks

+$102.1M

Sold Out Of

13 stocks

$50.9M

Reduced Holdings

5 stocks

-$6.9M

Increased Positions

Position	Shares Δ	Change
1 Capital One Financial COF	New	0 → 79.5K +$16.9M
2 Tesla, Inc. TSLA	New	0 → 8.0K +$3.6M
3 Floor & Decor FND	New	0 → 26.0K +$1.9M
4 Power Solutions International, Inc. PSIX	New	0 → 12.2K +$1.2M
5 Summit Therapeutics SMMT	New	0 → 40.0K +$826.4K

Decreased Positions

Position	Shares Δ	Change
1 T-Mobile US TMUS	Sold	54.5K → 0 −$13.0M
2 Walt Disney DIS	Sold	74.3K → 0 −$9.2M
3 Honeywell International HON	Sold	38.3K → 0 −$8.9M
4 Goldman Sachs Group GS	Sold	12.3K → 0 −$8.7M
5 Eli Lilly LLY	Sold	6.5K → 0 −$5.1M