Newfoundland Capital Management

Sao Paulo, D5 · CIK 1697752 · 13F filing filed 2023-08-11

SEC-registered investment adviser since 2014 · limited liability company

As an employer

$12.2m reported value -7.3% vs Q1 2023

3positions

100.0%in top 10

1 new 0 added 2 reduced 2 sold out vs Q1 2023

Options: 0 call positions (— notional), 1 put positions ($681.0k 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	VASTA PLATFORM LTD CL A VSTA	VSTA	3,412,963	$11.4m93.96%	93.96%	Reduced -100.0k	-99,971 -2.9%
2	ARCO PLATFORM LTD COM CL A COM CL A		44,520	$540.5k4.44%	4.44%	New
3	ISHARES INC MSCI BRAZIL ETF EWZ	EWZ	6,000	$194.6k1.60%	1.60%	Reduced -1.9k	-1,900 -24.1%

Security	Ticker	Shares held before	Value then
ZENVIA INC ZENVF	ZENVF	488,343	$1.6m488.3k shares
INTER & CO INC INTR	INTR	85,626	$145.6k85.6k shares

Underlying	Ticker	Type	Shares controlled	Notional	Change
ISHARES INC EWZ · Put	EWZ	Put	21,000	$681.0k21.0k shares	Reduced