# EDGAR Filing Document

**Accession Number:** 0001622610
**File Stem:** 0001622610-26-000003
**Filing Date:** 2026-5
**Character Count:** 11114
**Document Hash:** d4b418b8fc346308bd5b8aba6c4cd297
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001622610-26-000003.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0001622610-26-000003

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**EFFECTIVENESS DATE**: 20260515

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Absolute Gestao de Investimentos Ltda.
- **CENTRAL INDEX KEY:** 0001622610

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** D5
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-24162
- **FILM NUMBER:** 26985726

**BUSINESS ADDRESS:**
- **STREET 1:** AV BRIGADEIRO FARIA LIMA, N 3355, CJ 282
- **STREET 2:** ITAIM BIBI
- **CITY:** SAO PAULO
- **STATE:** D5
- **ZIP:** 04538-133
- **BUSINESS PHONE:** 55 11 3199-4450

**MAIL ADDRESS:**
- **STREET 1:** AV BRIGADEIRO FARIA LIMA, N 3355, CJ 282
- **STREET 2:** ITAIM BIBI
- **CITY:** SAO PAULO
- **STATE:** D5
- **ZIP:** 04538-133

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Absolute Gestao de Investimentos Ltda.<br>**Address:** AV BRIGADEIRO FARIA LIMA N 3355 CJ 282<br>ITAIM BIBI<br>SAO PAULO, D5 04538-133

**Form 13F File Number:** 028-24162

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Tiago Marcos Varela Santanna<br>**Title:** Managing Partner<br>**Phone:** 55-11-31994450

**Signature, Place, and Date of Signing:**

/s/ Tiago Marcos Varela Santanna  Sao Paulo, D5  05-15-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 74

**Form 13F Information Table Value Total:** $877061574

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| GE VERNOVA INC | COM | 36828A101 |  | 213861 | 245 | SH |  | SOLE |  | 245 | 0 | 0 |
| LUMENTUM HLDGS INC | COM | 55024U109 |  | 313431 | 446 | SH |  | SOLE |  | 446 | 0 | 0 |
| SEAGATE TECHNOLOGY HLDNGS PL | ORD SHS | G7997R103 |  | 242891 | 620 | SH |  | SOLE |  | 620 | 0 | 0 |
| SANDISK CORP | COM | 80004C200 |  | 505731 | 796 | SH |  | SOLE |  | 796 | 0 | 0 |
| CIENA CORP | COM NEW | 171779309 |  | 318349 | 820 | SH |  | SOLE |  | 820 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 207981 | 830 | SH |  | SOLE |  | 830 | 0 | 0 |
| MKS INC. | COM | 55306N104 |  | 204531 | 890 | SH |  | SOLE |  | 890 | 0 | 0 |
| SPDR GOLD TR | CALL | 78463V907 |  | 434289 | 980 | SH | Call | SOLE |  | 980 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 380672 | 1024 | SH |  | SOLE |  | 1024 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 208408 | 1195 | SH |  | SOLE |  | 1195 | 0 | 0 |
| TOWER SEMICONDUCTOR LTD | SHS NEW | M87915274 |  | 225492 | 1285 | SH |  | SOLE |  | 1285 | 0 | 0 |
| COHERENT CORP | COM | 19247G107 |  | 354695 | 1489 | SH |  | SOLE |  | 1489 | 0 | 0 |
| ARM HOLDINGS PLC | SPONSORED ADS | 042068205 |  | 249612 | 1650 | SH |  | SOLE |  | 1650 | 0 | 0 |
| CORNING INC | COM | 219350105 |  | 313683 | 2307 | SH |  | SOLE |  | 2307 | 0 | 0 |
| SELECT SECTOR SPDR TR | CALL | 81369Y904 |  | 297949 | 2385 | SH | Call | SOLE |  | 2385 | 0 | 0 |
| ULTRA CLEAN HLDGS INC | COM | 90385V107 |  | 214521 | 3450 | SH |  | SOLE |  | 3450 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 2002455 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| AXT INC | COM | 00246W103 |  | 201994 | 3545 | SH |  | SOLE |  | 3545 | 0 | 0 |
| AURA MINERALS INC | SHS NEW | G06973112 |  | 306000 | 3750 | SH |  | SOLE |  | 3750 | 0 | 0 |
| ISHARES INC | CALL | 464286900 |  | 720171 | 7750 | SH | Call | SOLE |  | 7750 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 2871640 | 8500 | SH |  | SOLE |  | 8500 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 2647440 | 9000 | SH |  | SOLE |  | 9000 | 0 | 0 |
| ISHARES TR | CALL | 464287902 |  | 336210 | 9500 | SH | Call | SOLE |  | 9500 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 16799158 | 9716 | SH |  | SOLE |  | 9716 | 0 | 0 |
| HYCROFT MINING HOLDING CORP | CL A NEW | 44862P208 |  | 342496 | 9730 | SH |  | SOLE |  | 9730 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 2875600 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| SSR MINING IN | COM | 784730103 |  | 339599 | 11551 | SH |  | SOLE |  | 11551 | 0 | 0 |
| COEUR MNG INC | COM NEW | 192108504 |  | 287181 | 15300 | SH |  | SOLE |  | 15300 | 0 | 0 |
| FIRST MAJESTIC SILVER CORP | COM | 32076V103 |  | 336441 | 15663 | SH |  | SOLE |  | 15663 | 0 | 0 |
| IAMGOLD CORP | COM | 450913108 |  | 302456 | 16071 | SH |  | SOLE |  | 16071 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 |  | 7161161 | 21190 | SH |  | SOLE |  | 21190 | 0 | 0 |
| EQUINOX GOLD CORP | COM | 29446Y502 |  | 311613 | 21550 | SH |  | SOLE |  | 21550 | 0 | 0 |
| SIBANYE STILLWATER LTD | SPONSORED ADR | 82575P107 |  | 283360 | 23000 | SH |  | SOLE |  | 23000 | 0 | 0 |
| IRSA INVERSIONES Y REP S A | SPON GDS ECH 10 | 450047303 |  | 405250 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| ALASKA AIR GROUP INC | COM | 011659109 |  | 1046501 | 28453 | SH |  | SOLE |  | 28453 | 0 | 0 |
| ENDEAVOUR SILVER CORP | COM | 29258Y103 |  | 276507 | 29700 | SH |  | SOLE |  | 29700 | 0 | 0 |
| SILVERCORP METALS INC | COM | 82835P103 |  | 332940 | 31000 | SH |  | SOLE |  | 31000 | 0 | 0 |
| SANTACRUZ SILVER MNG LTD | COM NEW SHS | 80280U205 |  | 303378 | 35400 | SH |  | SOLE |  | 35400 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 7685163 | 36900 | SH |  | SOLE |  | 36900 | 0 | 0 |
| ISHARES INC | MSCI STH KOR ETF | 464286772 |  | 5350935 | 43500 | SH |  | SOLE |  | 43500 | 0 | 0 |
| KKR  CO INC | COM | 48251W104 |  | 4279883 | 46269 | SH |  | SOLE |  | 46269 | 0 | 0 |
| AGI INC | COM SHS CL A | G0118C105 |  | 379908 | 52257 | SH |  | SOLE |  | 52257 | 0 | 0 |
| UNIFIRST CORP MASS | COM | 904708104 |  | 14579641 | 57950 | SH |  | SOLE |  | 57950 | 0 | 0 |
| TELECOM ARGENTINA SA | SPON ADR REP B | 879273209 |  | 1015054 | 86831 | SH |  | SOLE |  | 86831 | 0 | 0 |
| STONECO LTD | COM CL A | G85158106 |  | 1250100 | 88534 | SH |  | SOLE |  | 88534 | 0 | 0 |
| JANUS HENDERSON GROUP PLC | ORD SHS | G4474Y214 |  | 4762924 | 92718 | SH |  | SOLE |  | 92718 | 0 | 0 |
| BANCO MACRO S A | SPON ADR B | 05961W105 |  | 7815376 | 101013 | SH |  | SOLE |  | 101013 | 0 | 0 |
| FS KKR CAP CORP | COM | 302635206 |  | 1170700 | 115000 | SH |  | SOLE |  | 115000 | 0 | 0 |
| AMBEV SA | SPONSORED ADR | 02319V103 |  | 413089 | 141469 | SH |  | SOLE |  | 141469 | 0 | 0 |
| LOMA NEGRA C I A S A MTN 14 | SPONSORED ADS | 54150E104 |  | 1635065 | 147436 | SH |  | SOLE |  | 147436 | 0 | 0 |
| GRUPO FINANCIERO GALICIA S.A | SPONSORED ADR | 399909100 |  | 7878903 | 168677 | SH |  | SOLE |  | 168677 | 0 | 0 |
| TERNS PHARMACEUTICALS INC | COM | 880881107 |  | 12125600 | 230000 | SH |  | SOLE |  | 230000 | 0 | 0 |
| ONESTREAM INC | CL A | 68278B107 |  | 5883840 | 245160 | SH |  | SOLE |  | 245160 | 0 | 0 |
| CENTRAL PUERTO S A | SPONSORED ADR | 155038201 |  | 4814322 | 286056 | SH |  | SOLE |  | 286056 | 0 | 0 |
| PAMPA ENERGIA SA | SPONS ADR LVL I | 697660207 |  | 25433396 | 287383 | SH |  | SOLE |  | 287383 | 0 | 0 |
| WEBSTER FINL CORP | COM | 947890109 |  | 20826000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 68690735 | 336934 | SH |  | SOLE |  | 336934 | 0 | 0 |
| UDEMY INC | COM | 902685106 |  | 1650264 | 357200 | SH |  | SOLE |  | 357200 | 0 | 0 |
| APELLIS PHARMACEUTICALS INC | COM | 03753U106 |  | 18103500 | 450000 | SH |  | SOLE |  | 450000 | 0 | 0 |
| ISHARES INC | MSCI CDA ETF | 464286509 |  | 30134500 | 550000 | SH |  | SOLE |  | 550000 | 0 | 0 |
| XP INC | CL A | G98239109 |  | 11130365 | 584578 | SH |  | SOLE |  | 584578 | 0 | 0 |
| CLEARWATER ANALYTICS HLDGS I | CL A | 185123106 |  | 16544854 | 699571 | SH |  | SOLE |  | 699571 | 0 | 0 |
| VANECK ETF TRUST | JP MRGAN EM LOC | 92189H300 |  | 22304736 | 888281 | SH |  | SOLE |  | 888281 | 0 | 0 |
| DLOCAL LTD | CLASS A COM | G29018101 |  | 11623364 | 896173 | SH |  | SOLE |  | 896173 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 15917002 | 923260 | SH |  | SOLE |  | 923260 | 0 | 0 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 |  | 36070515 | 939581 | SH |  | SOLE |  | 939581 | 0 | 0 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 |  | 13818307 | 961608 | SH |  | SOLE |  | 961608 | 0 | 0 |
| ISHARES INC | MSCI AUST ETF | 464286103 |  | 27343600 | 985000 | SH |  | SOLE |  | 985000 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 101015200 | 1040000 | SH |  | SOLE |  | 1040000 | 0 | 0 |
| PAGSEGURO DIGITAL LTD | COM CL A | G68707101 |  | 11774753 | 1175125 | SH |  | SOLE |  | 1175125 | 0 | 0 |
| HOLOGIC INC | COM | 436440101 |  | 91237054 | 1206999 | SH |  | SOLE |  | 1206999 | 0 | 0 |
| ALLIED GOLD CORP | COM NEW | 01921D204 |  | 51352840 | 1659991 | SH |  | SOLE |  | 1659991 | 0 | 0 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 117230064 | 2064273 | SH |  | SOLE |  | 2064273 | 0 | 0 |
| PETROLEO BRASILEIRO S A | SP ADR NON VTG | 71654V101 |  | 58644375 | 3127700 | SH |  | SOLE |  | 3127700 | 0 | 0 |

---