# EDGAR Filing Document

**Accession Number:** 0001798686
**File Stem:** 0001798686-26-000003
**Filing Date:** 2026-5
**Character Count:** 9428
**Document Hash:** 93e563a5b998e92b08e4885659da18dc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001798686-26-000003.hdr.sgml**: 20260507

**ACCESSION NUMBER**: 0001798686-26-000003

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260507

**DATE AS OF CHANGE**: 20260507

**EFFECTIVENESS DATE**: 20260507

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Kapitalo Investimentos Ltda
- **CENTRAL INDEX KEY:** 0001798686

**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:** 028-24037
- **FILM NUMBER:** 26954548

**BUSINESS ADDRESS:**
- **STREET 1:** AVENIDA BRIGADEIRO FARIA LIMA, 3144
- **STREET 2:** 11TH FLOOR
- **CITY:** SAO PAULO
- **STATE:** D5
- **ZIP:** 01451-000
- **BUSINESS PHONE:** 551139560600

**MAIL ADDRESS:**
- **STREET 1:** AVENIDA BRIGADEIRO FARIA LIMA, 3144
- **STREET 2:** 11TH FLOOR
- **CITY:** SAO PAULO
- **STATE:** D5
- **ZIP:** 01451-000

### 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:** Kapitalo Investimentos Ltda<br>**Address:** AVENIDA BRIGADEIRO FARIA LIMA 3144<br>11TH FLOOR<br>SAO PAULO, D5 01451-000

**Form 13F File Number:** 028-24037

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:** Joao Carlos Tavora Pinho<br>**Title:** Compliance Officer<br>**Phone:** 551139560600

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

/s/ Joao Carlos Tavora Pinho  Sao Paulo, D5  05-07-2026<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:** 57

**Form 13F Information Table Value Total:** $531499524

      (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 |
| AES CORP | COM | 00130H105 |  | 19946297 | 1415635 | SH |  | SOLE |  | 1415635 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 51039688 | 245065 | SH |  | SOLE |  | 245065 | 0 | 0 |
| AMAZON COM INC | CALL | 023135106 |  | 76752 | 196800 | SH | Call | SOLE |  | 196800 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 1135710 | 4475 | SH |  | SOLE |  | 4475 | 0 | 0 |
| ARCELLX INC | COMMON STOCK | 03940C100 |  | 916034 | 7978 | SH |  | SOLE |  | 7978 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 345246 | 82 | SH |  | SOLE |  | 82 | 0 | 0 |
| BRIGHTHOUSE FINL INC | COM | 10922N103 |  | 4035912 | 67400 | SH |  | SOLE |  | 67400 | 0 | 0 |
| CENTRAIS ELET BRAS SA | SPONSORED ADR | 15234Q207 |  | 2112778 | 187303 | SH |  | SOLE |  | 187303 | 0 | 0 |
| CHART INDS INC | COM | 16115Q308 |  | 29642781 | 143375 | SH |  | SOLE |  | 143375 | 0 | 0 |
| CLEARWATER ANALYTICS HLDGS I | CL A | 185123106 |  | 7666526 | 324166 | SH |  | SOLE |  | 324166 | 0 | 0 |
| COMPANHIA DE SANEAMENTO BASI | SPONSORED ADR | 20441A102 |  | 5137976 | 168403 | SH |  | SOLE |  | 168403 | 0 | 0 |
| CSG SYS INTL INC | COM | 126349109 |  | 6161296 | 77074 | SH |  | SOLE |  | 77074 | 0 | 0 |
| DELL TECHNOLOGIES INC | CL C | 24703L202 |  | 1017606 | 6200 | SH |  | SOLE |  | 6200 | 0 | 0 |
| DIGITALBRIDGE GROUP INC | CL A NEW | 25401T603 |  | 6944058 | 450328 | SH |  | SOLE |  | 450328 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 310344 | 3220 | SH |  | SOLE |  | 3220 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 43463657 | 213193 | SH |  | SOLE |  | 213193 | 0 | 0 |
| EMBRAER S.A. | SPONSORED ADS | 29082A107 |  | 7785230 | 131197 | SH |  | SOLE |  | 131197 | 0 | 0 |
| ERO COPPER CORP | COM | 296006109 |  | 28715482 | 1076696 | SH |  | SOLE |  | 1076696 | 0 | 0 |
| EVE HLDG INC | COM | 29970N104 |  | 2728000 | 1100000 | SH |  | SOLE |  | 1100000 | 0 | 0 |
| GERDAU SA | SPON ADR REP PFD | 373737105 |  | 9617610 | 2664158 | SH |  | SOLE |  | 2664158 | 0 | 0 |
| HOLOGIC INC | COM | 436440101 |  | 21435434 | 283575 | SH |  | SOLE |  | 283575 | 0 | 0 |
| ISHARES INC | MSCI CHILE ETF | 464286640 |  | 6327049 | 159131 | SH |  | SOLE |  | 159131 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 45211277 | 69214 | SH |  | SOLE |  | 69214 | 0 | 0 |
| ISHARES TR | MSCI PERU AND GL | 464289842 |  | 2189662 | 27130 | SH |  | SOLE |  | 27130 | 0 | 0 |
| ISHARES TR | CALL | 464287655 |  | 125000 | 500000 | SH | Call | SOLE |  | 500000 | 0 | 0 |
| ISHARES TR | CHINA LG-CAP ETF | 464287184 |  | 2790076 | 77718 | SH |  | SOLE |  | 77718 | 0 | 0 |
| ISHARES TR | CALL | 464287184 |  | 9000 | 300000 | SH | Call | SOLE |  | 300000 | 0 | 0 |
| ISHARES TR | PUT | 464287655 |  | 129000 | 300000 | SH | Put | SOLE |  | 300000 | 0 | 0 |
| ISHARES TR | PUT | 464287184 |  | 72000 | 600000 | SH | Put | SOLE |  | 600000 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 965440 | 56000 | SH |  | SOLE |  | 56000 | 0 | 0 |
| LOMA NEGRA C I A S A MTN  14 | SPONSORED ADS | 54150E104 |  | 4198674 | 378600 | SH |  | SOLE |  | 378600 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 312288 | 625 | SH |  | SOLE |  | 625 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 25169715 | 43993 | SH |  | SOLE |  | 43993 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 14344088 | 38750 | SH |  | SOLE |  | 38750 | 0 | 0 |
| NU HLDGS LTD | ORD SHS CL A | G6683N103 |  | 10002109 | 696041 | SH |  | SOLE |  | 696041 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 40004570 | 229384 | SH |  | SOLE |  | 229384 | 0 | 0 |
| NVIDIA CORPORATION | CALL | 67066G104 |  | 14850 | 99000 | SH | Call | SOLE |  | 99000 | 0 | 0 |
| PETROLEO BRASILEIRO S A | CALL | 71654V408 |  | 67000 | 100000 | SH | Call | SOLE |  | 100000 | 0 | 0 |
| PETROLEO BRASILEIRO S A | PUT | 71654V408 |  | 96000 | 100000 | SH | Put | SOLE |  | 100000 | 0 | 0 |
| PETROLEO BRASILEIRO S A | SPONSORED ADR | 71654V408 |  | 2150136 | 103621 | SH |  | SOLE |  | 103621 | 0 | 0 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 11918171 | 127754 | SH |  | SOLE |  | 127754 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 316878 | 745 | SH |  | SOLE |  | 745 | 0 | 0 |
| SEA LTD | SPONSORD ADS | 81141R100 |  | 352771 | 4260 | SH |  | SOLE |  | 4260 | 0 | 0 |
| SILICON LABORATORIES INC | COM | 826919102 |  | 1429366 | 6867 | SH |  | SOLE |  | 6867 | 0 | 0 |
| STATE STR SPDR S 500 ETF T | PUT | 78462F103 |  | 3520 | 16000 | SH | Put | SOLE |  | 16000 | 0 | 0 |
| SUZANO S A | SPON ADS | 86959K105 |  | 10958277 | 1094733 | SH |  | SOLE |  | 1094733 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 |  | 1616753 | 4784 | SH |  | SOLE |  | 4784 | 0 | 0 |
| TECK RESOURCES LTD | CL B | 878742204 |  | 18260453 | 352859 | SH |  | SOLE |  | 352859 | 0 | 0 |
| TELEFONICA BRASIL SA | SPONSORED ADS | 87936R205 |  | 1967542 | 123667 | SH |  | SOLE |  | 123667 | 0 | 0 |
| ULTRAPAR PARTICIPACOES SA | SP ADR REP COM | 90400P101 |  | 5044229 | 915468 | SH |  | SOLE |  | 915468 | 0 | 0 |
| VALE S A | SPONSORED ADS | 91912E105 |  | 10453443 | 657036 | SH |  | SOLE |  | 657036 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 323397 | 1070 | SH |  | SOLE |  | 1070 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 32747587 | 217838 | SH |  | SOLE |  | 217838 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 11887516 | 432903 | SH |  | SOLE |  | 432903 | 0 | 0 |
| WEBSTER FINL CORP | COM | 947890109 |  | 3603800 | 51913 | SH |  | SOLE |  | 51913 | 0 | 0 |
| XP INC | CL A | G98239109 |  | 4296643 | 225664 | SH |  | SOLE |  | 225664 | 0 | 0 |
| YPF SOCIEDAD ANONIMA | SPON ADR CL D | 984245100 |  | 11906827 | 257612 | SH |  | SOLE |  | 257612 | 0 | 0 |

---