Vinland Capital Management Gestora de Recursos LTDA.

Q3 2025 13F Holdings Report, Stock Holdings

Signature - Title: Ricardo Jose Sandoval Garcia Junior - Attorney
Location: Sao Paulo, Brazil
Holdings as of: 30 Sep 2025
Value $: $7,752,677
Num holdings: 36
Filing time: 23 Feb 2026, 09:28:32 UTC
Form type: 13F-HR
Description: All US holdings of this investor are reported in this report. Top holdings included NU, KWEB, AUGO, ITA, and XLE.
Previous filing: Q2 2025 - 23 Feb 2026
Next filing: Q4 2025 - 23 Feb 2026
SEC: View on sec.gov

Sym	Weight	Trade Impact	Company	Class	Share Change	Activity	Value Change $	Value $	* Price $	Shares	Principal

Filing 2025 Q3 compared to 2025 Q2 by default. Changes are calculated vs the previous SEC filing.

Compare Q3 2025 to

* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.

Person Signing this Report on Behalf of Reporting Manager:

Name	Title	City, State	Date
Ricardo Jose Sandoval Garcia Junior	Attorney	Sao Paulo, Brazil	23 Feb 2026