TCG
TB Capital Gestao de Recursos Ltda. Portfolio
Invests via TB Capital Gestao de Recursos Ltda. | Managed by David Jorge Kaddoum
Invests via TB Capital Gestao de Recursos Ltda.
Managed by David Jorge Kaddoum
Automatically Tracked
Company Profile
Brazil-based asset manager focused on fixed income, credit and multi-asset solutions for institutional and high-net-worth clients. TB Capital Gestao de Recursos Ltda. manages discretionary portfolios and structured credit strategies, emphasizes macro-driven allocation, risk-adjusted returns and regulatory compliance, and often participates in private credit, corporate debt and liability-driven mandates.
Brazil-based asset manager focused on fixed income, credit and multi-asset solutions for institutional and high-net-worth clients. TB Capital Gestao de Recursos Ltda. manages discretionary portfolios and structured credit strategies, emphasizes macro-driven allocation, risk-adjusted returns and regulatory compliance, and often participates in private credit, corporate debt and liability-driven mandates.
Investment Philosophy & Strategy
Adopts a macro-driven, credit-focused investment philosophy combining top-down allocation with bottom-up credit selection. Targets risk-adjusted returns through diversified fixed-income, private and structured credit exposures, liability-aware mandates, and multi-asset overlays. Uses active duration and curve positioning, rigorous credit underwriting, stress testing and regulatory-aligned capital management. Prefers corporate debt and private credit niches where liquidity premia and structural protections enhance yield over full credit cycles.
Adopts a macro-driven, credit-focused investment philosophy combining top-down allocation with bottom-up credit selection. Targets risk-adjusted returns through diversified fixed-income, private and structured credit exposures, liability-aware mandates, and multi-asset overlays. Uses active duration and curve positioning, rigorous credit underwriting, stress testing and regulatory-aligned capital management. Prefers corporate debt and private credit niches where liquidity premia and structural protections enhance yield over full credit cycles.
Disclaimer: This Portfolio is derived from and computed based on publicly available data from SEC filings.
Gain and growth charts are calculated per selected timeframe:
1.75%
Gain -6.49%
Monthly
0.12%
Yearly
1.46%
Drawdown
23.54%
$196.64M
Equity
Holdings
$196.64M
Investment
$192.98M
$4.77M
Profit -$9.03M
Realized
$1.1M
Unrealized
$3.67M
Dividends
$889,628.21
Goals
Avg. 100% completed goals
Yearly
Gain > 5% 2026
Yearly
Gain < 20% 2026
Today
Compared To Yesterday
Gain
-6.49%
Profit
-$9.03M
Win %
63%
This Week
Compared To Last Week
Gain
-4.19%
Profit
-$8.6M
Win %
63%
This Month
Compared to last month
Gain
-4.65%
Profit
-$9.6M
Win %
63%
This Year
Compared to last year
Gain
10.34%
Profit
$18.43M
Win %
58%
NU Nu Holdings Ltd.
+0.55%
+$106,831.74 
TSMWF Taiwan Semiconductor Manufacturing Company Limited
0%
$0 
BKNG Booking Holdings Inc.
-6.12%
-$1.51M 
CPNG Coupang Inc.
-3.6%
-$394,462.75 
ABNB Airbnb, Inc.
-3.46%
-$816,322.5 
ADBE Adobe Inc.
-3.22%
-$199,880.71 
SPGI S&P Global Inc.
-3.19%
-$368,021.78 
DLO DLocal Limited
-3.12%
-$539,616.82 
MELI MercadoLibre, Inc.
-2.65%
-$175,929.57 
SAP SAP SE Sponsored ADR
-2.24%
-$442,674.54 
SPOT Spotify Technology S.A.
-2.09%
-$51,154.03 
MA Mastercard Incorporated
-1.78%
-$178,315.76 
V Visa Inc. Class A
-1.61%
-$185,079 
MSFT Microsoft Corp.
-1.48%
-$176,574.12 
AMZN Amazon.com Inc
-0.6%
-$30,701 
APO Apollo Global Management, Inc.
-0.47%
-$62,199.52 
GOOG Alphabet Inc
-0.18%
-$5,275.2 
GOOGL Alphabet Inc
-0.15%
-$9.45 
META Meta Platforms Inc Class A
-0.06%
-$4,971.04 Events
Loading...
Dividends
Dividend Analysis
Loading...
No Data
| Trades 86 | Longs Won 47/86 54% | Profit Factor 1.26 |
| Profitability | Shorts Won 0/0 0% | Standard Deviation $854,248.34 |
| Average Win $492,394 | Best Trade (Aug 31) $4.82M | Sharpe Ratio -32.05 |
| Average Loss -$471,144.33 | Worst Trade (Sep 14) -$2.68M | Z-Score 0.85 (60.33%) |
| Commissions $0 | Avg. Trade Length 8m 1d | Expectancy $55,440.57 |
| Loss Size | 100% | 90% | 80% | 70% | 60% | 50% | 40% | 30% | 20% | 10% |
| Probability of Loss | <0.01% | <0.01% | <0.01% | <0.01% | <0.01% | <0.01% | <0.01% | <0.01% | 0.13% | 4.32% |
| Consecutive Losing Trades | 417 | 376 | 334 | 292 | 250 | 209 | 167 | 125 | 83 | 42 |
Hover over the desired column for a detailed explanation.
Returns
Overall, Monthly| Symbol | Quantity | Cost | Value | Comm. | Profit ($) | Gain (%) | Change |
|---|---|---|---|---|---|---|---|
| ABNB Airbnb, Inc. | 129,575 | $17.02M | $22.76M | - | $5.74M | 33.74% | -3.463% |
| ADBE Adobe Inc. | 23,269 | $8.14M | $6M | - | -$2.14M | -26.31% | -3.223% |
| AMZN Amazon.com Inc | 19,680 | $4.48M | $5.06M | - | $579,107.06 | 12.93% | -0.603% |
| APO Apollo Global Management, Inc. | 97,952 | $13.18M | $13.03M | - | -$150,144.92 | -1.14% | -0.475% |
| BKNG Booking Holdings Inc. | 127,517 | $25.21M | $23.14M | - | -$2.07M | -8.21% | -6.115% |
| CPNG Coupang Inc. | 717,205 | $17.11M | $10.57M | - | -$6.54M | -38.21% | -3.597% |
| DLO DLocal Limited | 1.11M | $13.93M | $16.73M | - | $2.8M | 20.11% | -3.125% |
| GOOG Alphabet Inc | 8,792 | $2.76M | $2.94M | - | $183,840.81 | 6.66% | -0.179% |
| GOOGL Alphabet Inc | 18 | $6,433 | $6,082.83 | - | -$350.17 | -5.44% | -0.155% |
| MA Mastercard Incorporated | 17,329 | $9.45M | $9.86M | - | $406,163.15 | 4.3% | -1.777% |
| MELI MercadoLibre, Inc. | 3,360 | $5.7M | $6.47M | - | $768,130 | 13.47% | -2.647% |
| META Meta Platforms Inc Class A | 13,081 | $8.57M | $8.06M | - | -$503,442.72 | -5.88% | -0.062% |
| MSFT Microsoft Corp. | 23,926 | $10.59M | $11.78M | - | $1.19M | 11.26% | -1.477% |
| NU Nu Holdings Ltd. | 1.26M | $18.45M | $19.42M | - | $970,222.35 | 5.26% | +0.553% |
| SAP SAP SE Sponsored ADR | 91,841 | $15.48M | $19.31M | - | $3.83M | 24.75% | -2.241% |
| SPGI S&P Global Inc. | 26,027 | $10.03M | $11.18M | - | $1.15M | 11.44% | -3.188% |
| SPOT Spotify Technology S.A. | 4,503 | $2.07M | $2.39M | - | $323,946.21 | 15.67% | -2.094% |
| TSMWF Taiwan Semiconductor Manufacturing Company Limited | 11,138 | $192,021.46 | $192,021.46 | - | - | - | 0.0 |
| V Visa Inc. Class A | 30,693 | $10.61M | $11.33M | - | $717,870.36 | 6.77% | -1.608% |
No Data
Option values are updated at end of day.
No Data
No Data
Option values are updated at end of day.
No Data
No Data
No Data
No Data
FAQ
Which stocks have generated the highest profits for TB Capital Gestao de Recursos Ltda.?
The largest contributions to the portfolio's profits come from the following stocks: StoneCo Ltd - $1.96M, Alphabet Inc - $1.43M, NVIDIA Corporation - $972,879.55, Airbnb, Inc - $587,501.6, and DLocal Limited - $352,117.52. These positions have been the main drivers of growth and have significantly impacted the investor's overall performance.
Which stocks have generated the largest losses for this investor?
The largest losses in the portfolio are associated with the following stocks: Xp Inc - $1.2M, 58733RAG7 - $843,454.78, Coupang Inc - $715,402.39, Adobe Inc - $711,816.97, and Microsoft Corp - $439,549.93. These positions have had the most negative impact on overall performance and highlight the weaker areas of the portfolio.
What dividends does TB Capital Gestao de Recursos Ltda.'s portfolio generate?
The portfolio generates substantial dividend income, with a total of $889,628.21 earned over time. The largest contributors to dividend income include Apollo Global Management, Inc - $254,867.88, DLocal Limited - $158,291.03, Booking Holdings Inc - $110,547.3, Xp Inc - $86,173.2, and Microsoft Corp - $72,110.29. This indicates that dividends play a meaningful role in the investor's overall strategy.
How stable are TB Capital Gestao de Recursos Ltda.'s monthly returns?
TB Capital Gestao de Recursos Ltda.'s monthly returns appear quite volatile. The gap between stronger and weaker months is meaningful, which suggests that the strategy can experience noticeable swings over relatively short periods. For users assessing this profile, that usually means returns may be attractive over time, but the path can be uneven and harder to tolerate during weaker periods.
Can TB Capital Gestao de Recursos Ltda.'s strategy be considered aggressive or moderate?
TB Capital Gestao de Recursos Ltda.'s strategy can be described as moderate. It balances growth potential with risk management, showing a willingness to accept some volatility while still maintaining a relatively structured and diversified approach.
Should beginners follow TB Capital Gestao de Recursos Ltda.'s strategy?
TB Capital Gestao de Recursos Ltda.'s strategy is probably not ideal for beginners. The combination of risk, volatility, or portfolio complexity may make it harder to follow and understand without prior experience. Users who are new to investing may find it challenging to replicate or tolerate the performance swings.
