Pangea Capital Q1 2026: Major Investments & Portfolio Shifts

As of March 31, 2026, Pangea Capital Gestao De Recursos Ltda.'s portfolio is valued at $131.2 million, showcasing a significant allocation to established blue-chip stocks and emerging opportunities within specific sectors.

The largest position by dollar value remains Berkshire Hathaway Inc (BRK-B), which accounts for approximately 78.9% of the portfolio's total value according to sector allocations, though its share count increased modestly this quarter. The stock represents about 72.35% of the overall portfolio allocation.

Among the most notable changes in Q1 2026 is a substantial increase in shares held for Berkshire Hathaway Inc (BRK-B). The fund acquired an additional 26,079 shares, representing a significant 15.17% growth from its previous position.

Additionally, Pangea Capital demonstrated strong conviction by initiating new positions in several companies this quarter:

• META Platforms Inc (META): The fund purchased all available shares of this stock, increasing the holding percentage to 2.18%.
• Constellation Brands Inc (STZ): Similarly, Pangea Capital bought all existing shares in STZ, boosting its allocation to 0.23%.
• MercadoLibre Inc (MELI): The fund also took a full position in MELI by purchasing all available shares, resulting in an allocation of 2.37%.

Conversely, the fund significantly reduced its exposure to ISHares Emerging Markets Bonds ETF (EWZ). The share count plummeted by 59,000 units (-48.76%), drastically lowering this position's portfolio allocation percentage from prior periods.

In summary, Pangea Capital's Q1 filing highlights a focus on large-cap financials and consumer cyclical stocks like BRK-B and AMZN, alongside strategic additions to companies such as MELI, META, and STZ. The fund divested significantly from EWZ during this period.