| Squadra Canada, Ltd. | Squadra Investments - Gestao De Recursos Ltda. | Rio De Janeiro, Brazil | $1.1B | $50.0M |
| Verde Directive Fund, LTD | Verde Servicos Internacionais S.A. | Sao Paulo, Brazil | $810.2M | $100K |
| Dynamo Brasil Viii LLC | Dynamo Internacional | Rio De Janeiro, Delaware, Brazil | $657.5M | $5.0M |
| Hashdex Nasdaq Crypto Index Etf | Hashdex Asset Management LTD | Rio De Janeiro, Brazil | $605.1M | $100K |
| Radar Master Fund LP | Radar Equities LLC | Rio De Janeiro, Brazil | $425.1M | $100K |
| Dynamo Brasil I LLC | Dynamo Internacional | Rio De Janeiro, Delaware, Brazil | $340.4M | $25.0M |
| Velt Partners Fund LLC | Velt Partners Investimentos Ltda. | Sao Paulo, Delaware, Brazil | $334.9M | $1.0M |
| Sv4 Equity LLC | Squadra Investments - Gestao De Recursos Ltda. | Rio De Janeiro, Delaware, Brazil | $326.2M | $50.0M |
| Verde Graal Fund LLC | Verde Servicos Internacionais S.A. | Sao Paulo, Delaware, Brazil | $274.0M | $100K |
| Onyx Latin America Equity Fund, LP | Onyx Equity Management | Sao Paulo, Delaware, Brazil | $253.0M | $5.0M |
| Gavea Master Fund LTD | Gavea Investimentos Ltda | Rio De Janeiro - Rj, Brazil | $235.2M | $250K |
| Dynamo Brasil Vi LLC | Dynamo Internacional | Rio De Janeiro, Delaware, Brazil | $144.1M | $25.0M |
| Dynamo Cougar Master Fund | Dynamo Internacional | Rio De Janeiro, Brazil | $128.7M | $100K |
| Dynamo Brasil Xv LP | Dynamo Internacional | Rio De Janeiro, Delaware, Brazil | $127.2M | $100K |
| M Square Fund Ltd. | M Square Investimentos Ltda. | Sao Paulo, Brazil | $126.3M | $100K |
| Constellation Brazil US Fund LP | Constellation Investimentos E Participac?es Ltda | Sao Paulo, Delaware, Brazil | $111.0M | $100K |
| Radar Infra Fund LP | Radar Equities LLC | Rio De Janeiro, Brazil | $97.9M | $1.0M |
| Verde Global Equities Fund LTD | Verde Servicos Internacionais S.A. | Sao Paulo, Brazil | $83.3M | $100K |
| Dynamo Brasil Ix LLC | Dynamo Internacional | Rio De Janeiro, Delaware, Brazil | $76.5M | $25.0M |
| Dynamo Brasil V LLC | Dynamo Internacional | Rio De Janeiro, Delaware, Brazil | $68.6M | $25.0M |
| Squadra Equity Master Fund Spc - Brazil Long-Only Equity Strategy Segregated Portfolio | Squadra Investments - Gestao De Recursos Ltda. | Rio De Janeiro, Brazil | $68.1M | $100K |
| Apo Capital Latam Fund LLC | Apo Capital Ltda. | Sao Paulo, Delaware, Brazil | $52.1M | $10.0M |
| Navi Brazil Long Only Fund LLC | Navi Intl-Administradora E Gestora De Recursos Financeiros Ltda. | Sao Paulo, Delaware, Brazil | $47.2M | $1.0M |
| Jhsf Capital Global Opportunities Fixed Income Fund LLC | Jhsf Capital Ltda. | S?o Paulo, Delaware, Brazil | $45.7M | $100K |
| Dynamo Brasil III LLC | Dynamo Internacional | Rio De Janeiro, Delaware, Brazil | $42.5M | $25.0M |
| Brasil Capital Equity Fund | Bc Gestao De Recursos Ltda. | Sao Paulo, Brazil | $39.6M | $100K |
| Geo Fund | Geo Capital | Sao Paulo/sp, Brazil | $38.2M | $100K |
| Dhf Spc - Dhf Fund Sp | Dynamo Internacional | Rio De Janeiro, Brazil | $35.9M | $100K |
| Verde Alpha Fund, Ltd. | Verde Servicos Internacionais S.A. | Sao Paulo, Brazil | $33.4M | $100K |
| Vp Fund Ltd. | Verde Servicos Internacionais S.A. | Sao Paulo, Brazil | $30.9M | $100K |
| Btg Pactual Absoluto Master Fund - Portfolio E LP | Btg Pactual Asset Management S.A. Dtvm | Botafogo, Rio De Janeiro, Delaware, Brazil | $23.1M | $100K |
| Aurora Brazil LLC | Nucleo Capital Ltda. | Sao Paulo, Sp, Delaware, Brazil | $15.8M | $500K |
| Btg Pactual Equities Fund, Spc | Btg Pactual Asset Management S.A. Dtvm | Botafogo, Rio De Janeiro, Brazil | $15.1M | $100K |
| Va Fund Ltd. | Verde Servicos Internacionais S.A. | Sao Paulo, Brazil | $8.7M | $100K |
| Dynamo Brasil Xiv LLC | Dynamo Internacional | Rio De Janeiro, Delaware, Brazil | $7.2M | $25.0M |
| Kemnay Dybra LLC | Dynamo Internacional | Rio De Janeiro, Delaware, Brazil | $1.5M | $20.0M |
| Dynamo Brasil II LLC | Dynamo Internacional | Rio De Janeiro, Delaware, Brazil | $592K | $25.0M |
| Squadra Equity Master Fund Spc - Brazil Long-Biased Equity Strategy Segregated Portfolio | Squadra Investments - Gestao De Recursos Ltda. | Rio De Janeiro, Brazil | $563K | $100K |
| Confidential Fund Name | Atmosphere Capital Gestao De Recursos Ltda | Sao Paulo, Brazil | $0 | $0 |
| Confidential Fund Name | Atmosphere Capital Gestao De Recursos Ltda | Sao Paulo, Brazil | $0 | $0 |