What smart money is saying about VTEX

Position history

Between Q3 2026 and Q4 2026, 2 fund letters reported a position in VTEX, with 1 buy (opened or added) and 1 sell (trimmed or exited).

Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.

Fund activity · 2 positions · 2 moves

• ExitedDrys Capital Equitas Equity Funds (Selection, High Convictions and Vision)

  October 2026

  “Among the core positions, 3Tentos advanced 0.8%, Orizon declined 8.1% and VTEX rose 9.0%. In 3Tentos, the stock remained resilient in a month of strong domestic stress, we continue to monitor the conversion of inventories into cash and the recovery of margins, points highlighted in its last result. In Orizon, the stock subtracted 1.08 p.p. in Selection, with no change in fundamentals in the month, the thesis remains anchored in the integration of Vital and in the monetization of the Ecoparques through waste, biomethane and carbon credits. In VTEX, the position was closed in Selection over the month, after the stock's advance.”

  Read the letter→
  VTEX
• New positionKopernik Global All-Cap Fund

  September 2026

  “Investors’ determination to pile further into the most crowded areas of the markets is providing many opportunities for price-conscious investors. The Fund initiated positions in Trip.com Group Ltd., a Chinese online travel agency that has 50% market share in China and 10-20% market share in various other Asian countries; Tourmaline Oil Corp., Canada’s largest natural gas producer; Amentum Holdings Inc., a U.S.-based government services contracting company; VTEX, a provider of e-commerce software to retailers, especially in Brazil and Latin America;”

  Read the letter→
  VTEX