Turim 21 Investimentos Ltda.

CIK 0001652174 · Q1 2026

13F Equity AUM

$398.6M

+53.9% QoQ

Positions

115

+2 QoQ

AUM Rank

#4,962

Top 40%

Skill Alpha (FF)

-4.2%/yr^ns

No Clear Edge

Rank #7,083 · Top 86%

vs S&P -10.4%/yr (unadj.)

Quarters Tracked

~8 years

Portfolio Concentration

Top 5: 71.0%Top 10: 91.3%Top 20: 97.1%

VTI33.0%

VTWO12.6%

VALE10.7%

ISHG8.6%

AMZN6.2%

GOOG5.4%

MSFT5.3%

INVESCO QQQ TRUST SERIES 15.0%

BMA2.7%

ERIC1.9%

Others (105)8.7%

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

Sector Allocation

Financial Services61.6%

Basic Materials10.8%

Technology8.3%

Consumer Cyclical6.9%

Communication Services5.8%

Fund5.0%

Other1.6%

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

Position Sizing

Positions: 115Median: 0.01%Avg: 0.87%

0–0.5%

100(5.0%)

0.5–1%

4(2.6%)

1–3%

3(5.7%)

3–5%

1(5.0%)

5%+

7(81.8%)

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

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Portfolio Overlap

Shared: 106Unique: 9vs 20 funds

1.5%Low

115

Fund positions

7,299

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.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

BANK OF AMERICA CORP /DE/

2.1%

1.9%

2.2%

2.8%

1.9%

VANGUARD CAPITAL MANAGEMENT LLC

1.5%

GEODE CAPITAL MANAGEMENT, LLC

1.4%

VANGUARD PORTFOLIO MANAGEMENT LLC

1.6%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New48Increased14Decreased20Exited46

New Positions

VTWO12.6%

+116K

ISHG8.6%

+461K

BMA2.7%

+529K

URNM0.8%

+47K

PAGS0.6%

+150K

GDX0.1%

+3K

HAL0.1%

+5K

SLB0.1%

+4K

MUB0.0%

+2K

NXE0.0%

+579

Increased

AMZN6.2%

+101K(+605%)

IBIT1.2%

+92K(+319%)

VTI33.0%

+72K(+55%)

GOOG5.4%

+69K(+1107%)

MSFT5.3%

+51K(+791%)

GGAL0.5%

+18K(+74%)

IEF0.1%

+4K(+178%)

VCIT0.1%

+3K(+551%)

NVDA0.1%

+749(+144%)

EL0.2%

+290(+8%)

Decreased

VALE10.7%

-452,770(-14%)

IEMG0.1%

-211,429(-97%)

BBD0.0%

-64,021(-97%)

IGV0.0%

-40,000(-87%)

DMRC0.0%

-39,672(-66%)

EEM0.0%

-11,733(-93%)

EWZ0.1%

-10,510(-48%)

SGML0.1%

-10,000(-18%)

XOP0.2%

-5,963(-56%)

ETHE0.1%

-3,650(-18%)

Exited

-442,127

-54,372

-5,457

-2,227

-424

-5,393

-950

LIT

-1,764

ECH

-1,890

WIW

-5,030

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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