DYNAMO INTERNACIONAL GESTAO DE RECURSOS LTDA.

RIO DE JANEIRO, D5 · CIK 1546790 · 13F filing filed 2026-08-14

Exempt reporting adviser since 2012 · other (specify)

As an employer

$236.1m reported value -11.4% vs Q1 2026

4positions

100.0%in top 10

1 new 1 added 2 reduced 0 sold out vs Q1 2026

Options: 1 call positions ($1.1m notional), 1 put positions ($7.1m notional) – listed below, not included above.

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	MERCADOLIBRE INC COM MELI	MELI	71,814	$121.9m51.64%	51.64%	Reduced -21.4k	-21,370 -22.9%
2	NU HLDGS LTD ORD SHS CL A NU	NU	6,419,224	$85.8m36.33%	36.33%	Added +902.1k	+902,099 16.4%
3	SUZANO S A SPON ADS SUZ	SUZ	2,561,542	$19.9m8.42%	8.42%	Reduced -27.7k	-27,692 -1.1%
4	GERDAU SA SPON ADR REP PFD GGB	GGB	2,109,474	$8.5m3.61%	3.61%	New

Underlying	Ticker	Type	Shares controlled	Notional	Change
PETROLEO BRASILEIRO SA PETRO PBR · Put	PBR	Put	2,050,000	$7.1m2.0m shares	New
ISHARES INC EWZ · Call	EWZ	Call	1,000,000	$1.1m1.0m shares	Reduced