Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
Noticed something interesting in the latest 13F filings - SQUADRA Investments just dumped 1.78 million StoneCo shares, worth about $29.8 million. That's a pretty significant move for a fund that was heavily concentrated in Brazilian fintech plays.
What caught my eye is the bigger picture here. SQUADRA's been steadily exiting their StoneCo position since late 2024, and this latest sale brings their total reduction to roughly 91% of their original holdings. Meanwhile, they're clearly shifting focus - MercadoLibre is now their largest position at 33.8% of AUM, which they didn't even own a few quarters ago. The 1.78 million share dump brought StoneCo down to just 3.4% of their portfolio, compared to 12.8% the previous quarter.
The fund's top holdings now are MELI, NU, and XP - all Brazilian fintech/payments related but with MercadoLibre leading the charge. It's an interesting signal about where smart money thinks the growth opportunity is shifting within that sector. StoneCo itself is up 63% over the past year, so this wasn't a panic sell, but it does suggest the fund sees better opportunities elsewhere in the space right now.