Institutional Manager · CIK 0001912095
Milestones Administradora de Recursos Ltda.
JARAGUA DO SUL, D5 · File #028-24189
Latest AUM
$302.8M
Positions
18
Top-10 Concentration
91.6%
Filings
17
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | LINDE PLC | LIN | +28,020 | +$11.9M | -$721,859 |
| REDUCE | GE AEROSPACE | 369604301 | -27,100 | -$8.3M | +$1.1M |
| ADD | VISA INC | V | +22,176 | +$7.8M | +$73,754 |
| REDUCE | ALPHABET INC | GOOG | -11,612 | -$3.6M | +$6.3M |
| REDUCE | AMAZON COM INC | AMZN | -13,043 | -$3.0M | +$2.4M |
| ADD | ADVANCED MICRO DEVICES INC | AMD | +4,850 | +$1.0M | +$2.1M |
| REDUCE | MICROSOFT CORP | MSFT | -1,400 | -$677,068 | -$3.1M |
| REDUCE | NU HLDGS LTD | NU | -1,500 | -$25,110 | +$1.4M |
| REDUCE | WALDENCAST PLC | WALDW | 0 | $0 | +$1,322 |
| REDUCE | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 0 | $0 | +$3.4M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202518 pos · $302.8M
- 13F HOLDINGS REPORTQ/E Sep 202518 pos · $285.7M
- 13F HOLDINGS REPORTQ/E Jun 202519 pos · $292.4M
- 13F HOLDINGS REPORTQ/E Mar 202522 pos · $195.9M
- 13F HOLDINGS REPORTQ/E Dec 202422 pos · $196.7M
- 13F HOLDINGS REPORTQ/E Sep 202429 pos · $251.0M
- 13F HOLDINGS REPORTQ/E Jun 202428 pos · $237.9M
- 13F HOLDINGS REPORTQ/E Mar 202413 pos · $113.0M
- 13F HOLDINGS REPORTQ/E Mar 202420 pos · $186.2M
- 13F HOLDINGS REPORTQ/E Mar 202419 pos · $147.0M
- 13F HOLDINGS REPORTQ/E Mar 202411 pos · $104.9M
- 13F HOLDINGS REPORTQ/E Mar 202410 pos · $140.5M
- 13F HOLDINGS REPORTQ/E Mar 202411 pos · $127.5M
- 13F HOLDINGS REPORTQ/E Mar 202410 pos · $135.9M
- 13F HOLDINGS REPORTQ/E Mar 202412 pos · $155.8M
- 13F HOLDINGS REPORTQ/E Mar 202419 pos · $137.0M
- 13F HOLDINGS REPORTQ/E Mar 202414 pos · $135.8M
Top 18 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | AMAZON COM INC | AMZN | 204,480 | $47.2M | 15.59% |
| 2 | MICROSOFT CORP | MSFT | 87,675 | $42.4M | 14.00% |
| 3 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 138,036 | $41.9M | 13.85% |
| 4 | GE AEROSPACE | 369604301 | 119,625 | $36.8M | 12.17% |
| 5 | NU HLDGS LTD | NU | 1,866,114 | $31.2M | 10.32% |
| 6 | ALPHABET INC | GOOG | 78,606 | $24.6M | 8.12% |
| 7 | LINDE PLC | LIN | 42,870 | $18.3M | 6.04% |
| 8 | MERCADOLIBRE INC | MELI | 7,151 | $14.4M | 4.76% |
| 9 | VISA INC | V | 30,081 | $10.5M | 3.48% |
| 10 | DANAHER CORPORATION | 235851102 | 43,370 | $9.9M | 3.28% |
| 11 | ADVANCED MICRO DEVICES INC | AMD | 44,350 | $9.5M | 3.14% |
| 12 | WALDENCAST PLC | WALDW | 2,425,677 | $4.6M | 1.51% |
| 13 | S&P GLOBAL INC | SPGI | 6,355 | $3.3M | 1.10% |
| 14 | MOODYS CORP | MCO | 6,353 | $3.2M | 1.07% |
| 15 | CHEVRON CORP NEW | CVX | 15,170 | $2.3M | 0.76% |
| 16 | CONOCOPHILLIPS | COP | 15,235 | $1.4M | 0.47% |
| 17 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 2,080 | $1.0M | 0.35% |
| 18 | WALDENCAST PLC | WALDW | 440,415 | $17,617 | 0.01% |