Vinland Capital Management Gestora de Recursos LTDA. historic quarter change: USA Options, Reduced
In put and call options, at their filed underlying value (listed in the US), over 10 quarters from 2023-12-31 to 2026-06-30, Vinland Capital Management Gestora de Recursos LTDA. opened 16 positions, added to 4, reduced 29 and sold out of 22.
- Q2 2026: Stock ISHARES TR; Country of operation —; Class S&P 100 ETF · Put; Shares before 200,000.
- Q3 2025: Stock SPY; Country of operation —; Class PUT · Put; Shares before 200.
- Q2 2025: Stock SPY; Country of operation —; Class TR UNIT · Put; Shares before 111,600.
- Q2 2025: Stock TIP; Country of operation —; Class S&P 100 ETF · Call; Shares before 348,900.
Each consecutive pair of Form 13F-HR filings compared (SEC CIK 1944332), 10 quarters: Q2 2026 (2026-03-31 to 2026-06-30, filed 2026-08-14); Q1 2026 (2025-12-31 to 2026-03-31, filed 2026-04-22); Q4 2025 (2025-09-30 to 2025-12-31, filed 2026-02-23); Q3 2025 (2025-06-30 to 2025-09-30, filed 2026-02-23); Q2 2025 (2025-03-31 to 2025-06-30, filed 2026-02-23); Q1 2025 (2024-12-31 to 2025-03-31, filed 2026-02-23); Q4 2024 (2024-09-30 to 2024-12-31, filed 2025-01-24); Q3 2024 (2024-06-30 to 2024-09-30, filed 2024-10-28); Q2 2024 (2024-03-31 to 2024-06-30, filed 2024-07-23); Q1 2024 (2023-12-31 to 2024-03-31, filed 2024-04-24). Rows for the same security, class and put/call are added together. Value change is the filed value at each quarter end, so it includes the price move. Only the filings held here are compared; the firm's 13F-HR filings go back to the quarter ended 2023-12-31.
| Quarter | Stock | Country of operation | Class | Shares before | Shares after | Share change | Value before | Value after | Value change | Filed |
|---|
| Q2 2026 | ISHARES TR
CUSIP 464287951 | | S&P 100 ETF · Put | 200,000 | 0 | -200,000 | $43,600,000 | $0 | -$43,600,000 | 2026-08-14 |
|---|
| Q3 2025 | SPY
SPDR S&P 500 ETF TR | | PUT · Put | 200 | 0 | -200 | $12,357,000 | $0 | -$12,357,000 | 2026-02-23 |
|---|
| Q2 2025 | SPY
SPDR S&P 500 ETF TR | | TR UNIT · Put | 111,600 | 0 | -111,600 | $62,427,924 | $0 | -$62,427,924 | 2026-02-23 |
|---|
| Q2 2025 | TIP
ISHARES TR | | S&P 100 ETF · Call | 348,900 | 0 | -348,900 | $38,511,861 | $0 | -$38,511,861 | 2026-02-23 |
|---|
| Q2 2025 | TIP
ISHARES TR | | S&P 100 ETF · Put | 258,100 | 0 | -258,100 | $28,489,284 | $0 | -$28,489,284 | 2026-02-23 |
|---|
| Q2 2025 | XP
XP INC | | CL A · Put | 430,200 | 0 | -430,200 | $5,915,250 | $0 | -$5,915,250 | 2026-02-23 |
|---|
| Q1 2025 | SPY
SPDR S&P 500 ETF TR | | TR UNIT · Put | 29,304,000 | 111,600 | -29,192,400 | $50,000 | $62,427,924 | +$62,377,924 | 2026-02-23 |
|---|
| Q1 2025 | EWZ
ISHARES INC | | MSCI BRAZIL ETF · Put | 15,867,299 | 0 | -15,867,299 | $704,900 | $0 | -$704,900 | 2026-02-23 |
|---|
| Q1 2025 | ASHR
DBX ETF TR | | XTRACK HRVST CSI · Call | 8,046,880 | 0 | -8,046,880 | $304,000 | $0 | -$304,000 | 2026-02-23 |
|---|
| Q1 2025 | EWZ
ISHARES INC | | MSCI BRAZIL ETF · Call | 4,745,108 | 0 | -4,745,108 | $210,800 | $0 | -$210,800 | 2026-02-23 |
|---|
| Q1 2025 | TIP
ISHARES TR | | TIPS BD ETF · Put | 16,621,800 | 0 | -16,621,800 | $156,000 | $0 | -$156,000 | 2026-02-23 |
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| Q1 2025 | TIP
ISHARES TR | | TIPS BD ETF · Call | 16,376,735 | 0 | -16,376,735 | $153,700 | $0 | -$153,700 | 2026-02-23 |
|---|
| Q1 2025 | IBIT
ISHARES BITCOIN TRUST ETF | | SHS BEN INT · Call | 5,305,000 | 0 | -5,305,000 | $100,000 | $0 | -$100,000 | 2026-02-23 |
|---|
| Q4 2024 | KWEB
KRANESHARES TRUST | | CSI CHI INTERNET · Call | 200,300 | 0 | -200,300 | $6,814,206 | $0 | -$6,814,206 | 2025-01-24 |
|---|
| Q4 2024 | NU
NU HLDGS LTD | | ORD SHS CL A · Put | 200,000 | 0 | -200,000 | $2,730,000 | $0 | -$2,730,000 | 2025-01-24 |
|---|
| Q3 2024 | EWZ
ISHARES INC | | MSCI BRAZIL ETF · Put | 2,495,000 | 60,000 | -2,435,000 | $68,188,350 | $1,769,400 | -$66,418,950 | 2024-10-28 |
|---|
| Q3 2024 | EWZ
ISHARES INC | | MSCI BRAZIL ETF · Call | 515,400 | 0 | -515,400 | $14,085,882 | $0 | -$14,085,882 | 2024-10-28 |
|---|
| Q2 2024 | EWZ
ISHARES INC | | MSCI BRAZIL ETF · Call | 2,678,600 | 515,400 | -2,163,200 | $86,840,212 | $14,085,882 | -$72,754,330 | 2024-07-23 |
|---|
| Q2 2024 | IWM
ISHARES TR | | RUSSELL 2000 ETF · Call | 316,400 | 0 | -316,400 | $66,538,920 | $0 | -$66,538,920 | 2024-07-23 |
|---|
| Q2 2024 | XP
XP INC | | CL A · Put | 687,000 | 0 | -687,000 | $17,628,420 | $0 | -$17,628,420 | 2024-07-23 |
|---|
| Q2 2024 | CDNS
CADENCE DESIGN SYSTEM INC | United States | COM · Call | 42,000 | 0 | -42,000 | $13,073,760 | $0 | -$13,073,760 | 2024-07-23 |
|---|
| Q2 2024 | NVDA
NVIDIA CORPORATION | United States | COM · Call | 10,000 | 0 | -10,000 | $9,035,600 | $0 | -$9,035,600 | 2024-07-23 |
|---|
| Q2 2024 | SGML
SIGMA LITHIUM CORPORATION | | COM · Call | 440,000 | 0 | -440,000 | $5,702,400 | $0 | -$5,702,400 | 2024-07-23 |
|---|
| Q1 2024 | IWM
ISHARES TR | | RUSSELL 2000 ETF · Call | 1,540,100 | 316,400 | -1,223,700 | $2,299,693 | $66,538,920 | +$64,239,227 | 2024-04-24 |
|---|
| Q1 2024 | SGML
SIGMA LITHIUM CORPORATION | | COM · Call | 1,866,800 | 440,000 | -1,426,800 | $2,970,605 | $5,702,400 | +$2,731,795 | 2024-04-24 |
|---|
| Q1 2024 | GOOGL
ALPHABET INC | United States | CAP STK CL C · Call | 880,000 | 0 | -880,000 | $1,205,600 | $0 | -$1,205,600 | 2024-04-24 |
|---|
| Q1 2024 | EWZ
ISHARES INC | | MSCI BRAZIL ETF · Put | 1,505,600 | 61,900 | -1,443,700 | $1,597,648 | $2,006,978 | +$409,330 | 2024-04-24 |
|---|
| Q1 2024 | KRE
KRANESHARES TR | | CSI CHI INTERNET · Call | 2,000,000 | 0 | -2,000,000 | $192,000 | $0 | -$192,000 | 2024-04-24 |
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| Q1 2024 | AAPL
APPLE INC | United States | COM · Put | 200,000 | 0 | -200,000 | $12,000 | $0 | -$12,000 | 2024-04-24 |
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