# EDGAR Filing Document

**Accession Number:** 0001652174
**File Stem:** 0001104659-25-111898
**Filing Date:** 2025-11
**Character Count:** 15374
**Document Hash:** 752398f232fd04e7a2d773168c16db85
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-111898.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001104659-25-111898

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**EFFECTIVENESS DATE**: 20251114

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Turim 21 Investimentos Ltda.
- **CENTRAL INDEX KEY:** 0001652174

**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:** 028-18160
- **FILM NUMBER:** 251481039

**BUSINESS ADDRESS:**
- **STREET 1:** RUA MAJOR RUBENS VAZ 236, GAVEA
- **CITY:** RIO DE JANEIRO
- **STATE:** D5
- **ZIP:** 22470-070
- **BUSINESS PHONE:** 55 21 2259-8015

**MAIL ADDRESS:**
- **STREET 1:** RUA MAJOR RUBENS VAZ 236, GAVEA
- **CITY:** RIO DE JANEIRO
- **STATE:** D5
- **ZIP:** 22470-070

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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:** Turim 21 Investimentos Ltda.<br>**Address:** Rua Major Rubens Vaz 236 Gavea<br>Rio De Janeiro, D5 22470-070

**Form 13F File Number:** 028-18160

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:** Eduardo G. de Almeida<br>**Title:** Director<br>**Phone:** 55-21-2259-8015

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

/s/ Eduardo G. de Almeida  Rio De Janeiro, D5  11-10-2025<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:** 117

**Form 13F Information Table Value Total:** $297175286

      (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 |
| ALPHABET INC-CL C | CAP STK CL C | 02079K107 |  | 4646934 | 19080 | SH |  | SOLE |  | 0 | 0 | 0 |
| AMAZON.COM INC | COM | 023135106 |  | 4472588 | 20370 | SH |  | SOLE |  | 0 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 4681750 | 9039 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR S 500 ETF TRUST | TOTAL STK MKT | 922908769 |  | 87321693 | 131078 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES MSCI EAFE ETF | MSCI EAFE ETF | 464287465 |  | 39247519 | 420344 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES BITCOIN TRUST | SHS BEN INT | 46438F101 |  | 2249195 | 34603 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES MSCI EMR MRK EX CHNA | MSCI EMRG CHN | 46434G764 |  | 3670654 | 54372 | SH |  | SOLE |  | 0 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 1812711 | 7119 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES CORE MSCI EMERGING | CORE MSCI EMKT | 46434G103 |  | 12761716 | 193594 | SH |  | SOLE |  | 0 | 0 | 0 |
| INVESCO QQQ TRUST SERIES 1 | ULTRAPRO SHORT S | 74347B268 |  | 22373989 | 37267 | SH |  | SOLE |  | 0 | 0 | 0 |
| FASTLY INC - CLASS A | CL A | 31188V100 |  | 2804 | 328 | SH |  | SOLE |  | 0 | 0 | 0 |
| DERMTECH INC | COM | 24984K105 |  | 38 | 363 | SH |  | SOLE |  | 0 | 0 | 0 |
| EHANG HOLDINGS LTD-SPS ADR | ADS | 26853E102 |  | 9304 | 501 | SH |  | SOLE |  | 0 | 0 | 0 |
| BANDWIDTH INC-CLASS A | COM CL A | 05988J103 |  | 2701 | 162 | SH |  | SOLE |  | 0 | 0 | 0 |
| PELOTON INTERACTIVE INC-A | CL A COM | 70614W100 |  | 990 | 110 | SH |  | SOLE |  | 0 | 0 | 0 |
| JOBY AVIATION INC | COMMON STOCK | G65163100 |  | 33200 | 2057 | SH |  | SOLE |  | 0 | 0 | 0 |
| ARCHER AVIATION INC-A | COM CL A | 03945R102 |  | 18624 | 1944 | SH |  | SOLE |  | 0 | 0 | 0 |
| BLACKSKY TECHNOLOGY INC | COM CL A | 09263B108 |  | 5038 | 250 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES MSCI EMRG MARKET ETF | MSCI EMG MKT ETF | 464287234 |  | 626542 | 11733 | SH |  | SOLE |  | 0 | 0 | 0 |
| INVESCO S 500 EQUAL WEIGHT | S OILGAS EXP | 78468R556 |  | 2195398 | 11573 | SH |  | SOLE |  | 0 | 0 | 0 |
| AMBIPAR EMERGENCY RESPONSE -- | CL A ORD SHS | G02532102 |  | 87051 | 108800 | SH |  | SOLE |  | 0 | 0 | 0 |
| WALT DISNEY | COM DISNEY | 254687106 |  | 1737996 | 15179 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES GOLD TRUST | COM | 502431109 |  | 33620 | 462 | SH |  | SOLE |  | 0 | 0 | 0 |
| ENERGY SELECT SECTOR SPDR | ENERGY | 81369Y506 |  | 35736 | 400 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES MSCI BRAZIL CAPPED ETF | MSCI BRAZIL ETF | 464286400 |  | 1051303 | 33913 | SH |  | SOLE |  | 0 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 179083 | 403 | SH |  | SOLE |  | 0 | 0 | 0 |
| ARK INNOVATION ETF | INNOVATION ETF | 00214Q104 |  | 279181 | 3235 | SH |  | SOLE |  | 0 | 0 | 0 |
| GRAYSCALE BITCN MINI TRU ETF | SHS NEW | 389930207 |  | 8708 | 172 | SH |  | SOLE |  | 0 | 0 | 0 |
| FIDELITY WISE ORIGIN BITCOIN | SHS | 315948109 |  | 87533 | 877 | SH |  | SOLE |  | 0 | 0 | 0 |
| ARK 21SHARES BITCOIN ETF | SHS BEN INT | 040919102 |  | 87484 | 2301 | SH |  | SOLE |  | 0 | 0 | 0 |
| BITWISE BITCOIN ETF | SHS BEN INT | 09174C104 |  | 87419 | 1405 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANECK BITCOIN TRUST | SH BEN INT | 92189K105 |  | 87658 | 2708 | SH |  | SOLE |  | 0 | 0 | 0 |
| MICROSTRATEGY INC-CL A | COM | 723787107 |  | 3705415 | 11500 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES USD TIPS | CL A | 518439104 |  | 792086 | 3105 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR GOLD SHARES | VNG RUS2000IDX | 92206C664 |  | 8787574 | 24721 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANECK RUSSIA ETF | PURE US CANNABIS | 00768Y453 |  | 0 | 21727 | SH |  | SOLE |  | 0 | 0 | 0 |
| CAMECO CORP | COM | 13321L108 |  | 564713 | 6734 | SH |  | SOLE |  | 0 | 0 | 0 |
| KRANESHARES CSI CHINA INTERN | CSI CHI INTERNET | 500767306 |  | 1485432 | 35359 | SH |  | SOLE |  | 0 | 0 | 0 |
| GRUPO FINANCIERO GALICIA-ADR | SPONSORED ADR | 399909100 |  | 487812 | 17700 | SH |  | SOLE |  | 0 | 0 | 0 |
| NEXGEN ENERGY LTD | COM | 227046109 |  | 1102774 | 123215 | SH |  | SOLE |  | 0 | 0 | 0 |
| PAMPA ENERGIA SA-SPON ADR | SHS | G8267P108 |  | 655615 | 10916 | SH |  | SOLE |  | 0 | 0 | 0 |
| HEALTH CARE SELECT SECTOR | S PUR VAL | 46137V258 |  | 52189 | 375 | SH |  | SOLE |  | 0 | 0 | 0 |
| BLOCK INC | U.S. FIN SVC ETF | 464287770 |  | 8261 | 95 | SH |  | SOLE |  | 0 | 0 | 0 |
| HEPTAGON YACKTMAN US EQTY-A | COMMON STOCK | 926400102 |  | 237739 | 676 | SH |  | SOLE |  | 0 | 0 | 0 |
| MORGAN STANLEY INV F - GLB BRNDS - A | COM | 65340P106 |  | 320796 | 1411 | SH |  | SOLE |  | 0 | 0 | 0 |
| PETROBRAS - COMMON ADR | Sponsored ADR | 03524A108 |  | 48361 | 3820 | SH |  | SOLE |  | 0 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 77305 | 414 | SH |  | SOLE |  | 0 | 0 | 0 |
| VALE SA-SP ADR | ADR | 91912E105 |  | 34009676 | 3131646 | SH |  | SOLE |  | 0 | 0 | 0 |
| ERICSSON (LM) TEL-SP ADR | ADR B SEK 10 | 294821608 |  | 5540900 | 670000 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR BLOOMBERG 1-3 MONTH T-B | BLOOMBERG 1-3 MO | 78468R663 |  | 33977126 | 370323 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES 7-10 YEAR TREASURY B | 7-10 YR TRSY BD | 464287440 |  | 1094917 | 11351 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES 3-7 YEAR TREASURY BO | 3 7 YR TREAS BD | 464288661 |  | 1098095 | 9215 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TIPS BOND ETF | TIPS BD ETF | 464287176 |  | 4425555 | 39791 | SH |  | SOLE |  | 0 | 0 | 0 |
| GLOBAL X CYBERSECURITY ETF | CYBRSCURTY ETF | 37954Y384 |  | 189780 | 5393 | SH |  | SOLE |  | 0 | 0 | 0 |
| ARRIVAL SA | COM | 742718109 |  | 986 | 1334 | SH |  | SOLE |  | 0 | 0 | 0 |
| GLOBAL X COPPER MINERS ETF | S 500 VAL ETF | 464287408 |  | 72131 | 1206 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES S 500 VALUE ETF | SHS CL A | G9470A102 |  | 459898 | 2227 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES SILVER TRUST | ISHARES | 46428Q109 |  | 148295 | 3500 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES MSCI CHILE ETF | MSCI CHILE ETF | 464286640 |  | 62294 | 1890 | SH |  | SOLE |  | 0 | 0 | 0 |
| UNIROYAL GLOBAL ENGINEERED P | COM | 79466L302 |  | 1 | 2420 | SH |  | SOLE |  | 0 | 0 | 0 |
| ALPHABET INC-CL A (COMMON STOCK) | CAP STK CL A | 02079K305 |  | 107461 | 442 | SH |  | SOLE |  | 0 | 0 | 0 |
| NTYONGSF-GLOBAL GOLD -A AUS | SPONS ADR LVL I | 697660207 |  | 89631 | 1906 | SH |  | SOLE |  | 0 | 0 | 0 |
| INVESCO S 500 MOMENTUM ETF | S 500 MOMNTM | 46138E339 |  | 404946 | 3345 | SH |  | SOLE |  | 0 | 0 | 0 |
| ITAU UNIBANCO H-SPON PRF ADR | SP ADR PFD NEW | 059460303 |  | 484447 | 66001 | SH |  | SOLE |  | 0 | 0 | 0 |
| GRAYSCALE ETHEREUM TRUST | SHS | 389638107 |  | 856750 | 25000 | SH |  | SOLE |  | 0 | 0 | 0 |
| ADVISORSHARES PURE US CANN | PRTFLO S HI | 78468R788 |  | 6586 | 1375 | SH |  | SOLE |  | 0 | 0 | 0 |
| NU HOLDINGS LTD - A | ISHARES SEMICDTR | 464287523 |  | 39225 | 2450 | SH |  | SOLE |  | 0 | 0 | 0 |
| GROVE COLLABORATIVE HOLDINGS | CL A COM | G01125106 |  | 321 | 214 | SH |  | SOLE |  | 0 | 0 | 0 |
| BERKSHIRE HATHAWAY INC-CL A | CL A | 084670108 |  | 3016800 | 4 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES USD HY CORP USD ACC | EXPANDED TECH | 464287515 |  | 335239 | 46100 | SH |  | SOLE |  | 0 | 0 | 0 |
| DIGIMARC CORP | COM | 25381B101 |  | 962101 | 98475 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES 10-20 YEAR TREASURY | 10-20 YR TRS ETF | 464288653 |  | 20221 | 197 | SH |  | SOLE |  | 0 | 0 | 0 |
| JANUS HENDERSON AAA CLO ETF | HENDRSON AAA CL | 47103U845 |  | 39937 | 790 | SH |  | SOLE |  | 0 | 0 | 0 |
| PGIM ULTRA SHORT BOND ETF | PGIM ULTRA SH BD | 69344A107 |  | 29980 | 604 | SH |  | SOLE |  | 0 | 0 | 0 |
| PGIM HIGH YIELD BOND FUND | COM | 69346H100 |  | 19931 | 1386 | SH |  | SOLE |  | 0 | 0 | 0 |
| EATON VANCE TOTAL RETURN | EATON VANCE TOTA | 61774R841 |  | 20117 | 391 | SH |  | SOLE |  | 0 | 0 | 0 |
| ALLSPRING MULTI-SECTOR INC | COM | 94987D101 |  | 20377 | 2127 | SH |  | SOLE |  | 0 | 0 | 0 |
| BLACKROCK CORE BOND TRUST | SHS BEN INT | 09249E101 |  | 30933 | 3112 | SH |  | SOLE |  | 0 | 0 | 0 |
| BLACKROCK CORP HI YLD | COM | 09255P107 |  | 9700 | 1021 | SH |  | SOLE |  | 0 | 0 | 0 |
| ARES DYNAMIC CREDIT ALL | COM | 04014F102 |  | 19740 | 1403 | SH |  | SOLE |  | 0 | 0 | 0 |
| BLACKROCK CREDIT ALLOCATION | COM | 092508100 |  | 20332 | 1840 | SH |  | SOLE |  | 0 | 0 | 0 |
| CALAMOS CONVERT OPPORT  INC | SH BEN INT | 128117108 |  | 20987 | 1945 | SH |  | SOLE |  | 0 | 0 | 0 |
| EATON VANCE LTD DURAT INC | COM | 27828H105 |  | 20056 | 1976 | SH |  | SOLE |  | 0 | 0 | 0 |
| EATON VANCE T/M BUY-WRIT OPP | COM | 27828Y108 |  | 10445 | 733 | SH |  | SOLE |  | 0 | 0 | 0 |
| NUVEEN PREFERED  INCOME OPP | COM | 67073B106 |  | 20328 | 2479 | SH |  | SOLE |  | 0 | 0 | 0 |
| WESTERN ASSET HIGH YIELD OPP | COM | 95768B107 |  | 9813 | 838 | SH |  | SOLE |  | 0 | 0 | 0 |
| WESTERN ASST INFL-LNK OPP | COM | 95766R104 |  | 50442 | 5674 | SH |  | SOLE |  | 0 | 0 | 0 |
| PIMCO INCOME STRATEGY FD II | COM | 72201J104 |  | 20106 | 2649 | SH |  | SOLE |  | 0 | 0 | 0 |
| FT VEST S 500 DVD ARST TRG | FT VEST S 500 | 33739Q705 |  | 19872 | 403 | SH |  | SOLE |  | 0 | 0 | 0 |
| FT VEST US EQUITY MODERATE B | FT VEST US EQT | 33740U661 |  | 10262 | 253 | SH |  | SOLE |  | 0 | 0 | 0 |
| FTHI/FIRST TRUST EXCHANGE-TR | BUYWRIT INCM ETF | 33738R308 |  | 20533 | 866 | SH |  | SOLE |  | 0 | 0 | 0 |
| FT NSDQ 100 CN BUFF ETF-JUL | FT VEST NASD 100 | 33740F219 |  | 10245 | 440 | SH |  | SOLE |  | 0 | 0 | 0 |
| FT VEST RISING DIVIDEND ACHI | FT VEST RIS | 33738D879 |  | 20783 | 804 | SH |  | SOLE |  | 0 | 0 | 0 |
| EATON VANCE TAX-MGD DIV EQTY | COM | 27828N102 |  | 20320 | 1278 | SH |  | SOLE |  | 0 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 13812 | 40 | SH |  | SOLE |  | 0 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 10569 | 140 | SH |  | SOLE |  | 0 | 0 | 0 |
| ADVANCED MICRO DEVICES | CHINA LG-CAP ETF | 464287184 |  | 10031 | 62 | SH |  | SOLE |  | 0 | 0 | 0 |
| ADOBE INC | COM | 007903107 |  | 10230 | 29 | SH |  | SOLE |  | 0 | 0 | 0 |
| SERVICENOW INC | COM | 461202103 |  | 20246 | 22 | SH |  | SOLE |  | 0 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 12014 | 59 | SH |  | SOLE |  | 0 | 0 | 0 |
| GLOBAL X LITHIUM  BATTERY T | LITHIUM BTRY ETF | 37954Y855 |  | 100283 | 1764 | SH |  | SOLE |  | 0 | 0 | 0 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 18696 | 8 | SH |  | SOLE |  | 0 | 0 | 0 |
| BLUE OWL CAPITAL CORP | COM | 69121K104 |  | 196862 | 15416 | SH |  | SOLE |  | 0 | 0 | 0 |
| NVNI GROUP LTD | SHS | G50716102 |  | 46372 | 55870 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES CORE U.S. AGGREGATE | CORE US AGGBD ET | 464287226 |  | 2058 | 21 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD TOTAL BOND MARKET | TOTAL BND MRKT | 921937835 |  | 39366 | 529 | SH |  | SOLE |  | 0 | 0 | 0 |
| QUANTUM COMPUTING INC | COM | 74766W108 |  | 3074 | 167 | SH |  | SOLE |  | 0 | 0 | 0 |
| SERVICETITAN INC-A | SHS CL A | 81764X103 |  | 4033 | 40 | SH |  | SOLE |  | 0 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 11118 | 253 | SH |  | SOLE |  | 0 | 0 | 0 |
| META PLATFORMS INC-CLASS A | CL A | 30303M102 |  | 9820 | 13 | SH |  | SOLE |  | 0 | 0 | 0 |
| BILL.COM HOLDINGS INC | COM | 090043100 |  | 20764 | 392 | SH |  | SOLE |  | 0 | 0 | 0 |
| COURSERA INC | SPONSORED ADR | 055622104 |  | 12050 | 1029 | SH |  | SOLE |  | 0 | 0 | 0 |
| SAMSARA INC-CL A | COM CL A | 79589L106 |  | 159318 | 4277 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES CORE MSCI EAFE ETF | CORE MSCI EAFE | 46432F842 |  | 93596 | 1072 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD INT-TERM CORPORATE | INT-TERM CORP | 92206C870 |  | 43821 | 521 | SH |  | SOLE |  | 0 | 0 | 0 |
| VANGUARD LARGE-CAP ETF | LARGE CAP ETF | 922908637 |  | 155469 | 505 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES CORE MSCI DEV MKTS | CORE MSCI INTL | 46435G326 |  | 90833 | 1133 | SH |  | SOLE |  | 0 | 0 | 0 |

---