Kapitalo Investimentos Ltda 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ABCELLERA BIOLOGICS INC	COM	00288U106	120,547	11,900	SH		SOLE		0	0	11,900
ADAPTIMMUNE THERAPEUTICS PLC	SPONDS ADR	00653A107	53,144	36,400	SH		SOLE		0	0	36,400
ADOBE SYSTEMS INCORPORATED	COM	00724F101	178,361	530	SH		SOLE		0	0	530
ADIENT PLC	ORD SHS	G0084W101	79,787	2,300	SH		SOLE		0	0	2,300
AERCAP HOLDINGS NV	SHS	N00985106	104,976	1,800	SH		SOLE		0	0	1,800
AFLAC INC	COM	001055102	43,164	600	SH		SOLE		0	0	600
AFYA LTD	CL A COM	G01125106	101,530	6,500	SH		SOLE		0	0	6,500
ALBEMARLE CORP	COM	012653101	60,287	278	SH		SOLE		0	0	278
ALLEGION PLC	ORD SHS	G0176J109	84,208	800	SH		SOLE		0	0	800
AUTOLIV INC	COM	052800109	91,896	1,200	SH		SOLE		0	0	1,200
AMGEN INC	COM	031162100	45,174	172	SH		SOLE		0	0	172
AMKOR TECHNOLOGY INC	COM	031652100	88,774	3,702	SH		SOLE		0	0	3,702
AMAZON COM INC	COM	023135106	18,223,800	216,950	SH		SOLE		0	0	216,950
APTIV PLC	SHS	G6095L109	74,504	800	SH		SOLE		0	0	800
ALTSHARES TRUST	MERGER ARBITRAGE	02210T108	7,575,650	294,200	SH		SOLE		0	0	294,200
ARDMORE SHIPPING CORP	COM	Y0207T100	121,044	8,400	SH		SOLE		0	0	8,400
ALTISOURCE PORTFOLIO SOLNS S	REG SHS	L0175J104	85,140	9,000	SH		SOLE		0	0	9,000
GRUPO AEROPORTUARIO DEL SURE	SPON ADR SER B	40051E202	93,196	400	SH		SOLE		0	0	400
ADTALEM GLOBAL ED INC	COM	00737L103	41,180	1,160	SH		SOLE		0	0	1,160
AVADEL PHARMACEUTICALS PLC	SPONSORED ADR	05337M104	85,920	12,000	SH		SOLE		0	0	12,000
ATEA PHARMACEUTICALS INC	COM	04683R106	60,125	12,500	SH		SOLE		0	0	12,500
BANK AMERICA CORP	COM	060505104	47,759	1,442	SH		SOLE		0	0	1,442
CREDICORP LTD	COM	G2519Y108	108,528	800	SH		SOLE		0	0	800
BIOGEN INC	COM	09062X103	27,692	100	SH		SOLE		0	0	100
BIOCERES CROP SOLUTIONS CORP	SHS	G1117K114	103,458	8,600	SH		SOLE		0	0	8,600
BIOMARIN PHARMACEUTICAL INC	COM	09061G101	47,605	460	SH		SOLE		0	0	460
BP PLC	SPONSORED ADR	055622104	115,269	3,300	SH		SOLE		0	0	3,300
CHEESECAKE FACTORY INC	COM	163072101	35,769	1,128	SH		SOLE		0	0	1,128
CATO CORP NEW	CL A	149205106	31,871	3,416	SH		SOLE		0	0	3,416
COMPANHIA BRASILEIRA DE DIST	SPONSORED ADR	20440T300	293	305	SH		SOLE		0	0	305
CRACKER BARREL OLD CTRY STOR	COM	22410J106	34,675	366	SH		SOLE		0	0	366
CULLEN FROST BANKERS INC	COM	229899109	100,008	748	SH		SOLE		0	0	748
CIA ENERGETICA DE MINAS GERA	SP ADR N-V PFD	204409601	444,302	218,868	SH		SOLE		0	0	218,868
CORE LABORATORIES N V	COM	N22717107	64,864	3,200	SH		SOLE		0	0	3,200
CUMMINS INC	COM	231021106	84,317	348	SH		SOLE		0	0	348
CANADIAN NAT RES LTD	COM	136385101	116,613	2,100	SH		SOLE		0	0	2,100
CONOCOPHILLIPS	COM	20825C104	33,040	280	SH		SOLE		0	0	280
COSTCO WHSL CORP NEW	COM	22160K105	33,781	74	SH		SOLE		0	0	74
CRESCENT PT ENERGY CORP	COM	22576C101	120,120	16,800	SH		SOLE		0	0	16,800
COMSTOCK RES INC	COM	205768302	24,980	1,822	SH		SOLE		0	0	1,822
CARPENTER TECHNOLOGY CORP	COM	144285103	38,491	1,042	SH		SOLE		0	0	1,042
CENOVUS ENERGY INC	COM	15135U109	108,696	5,600	SH		SOLE		0	0	5,600
CHEVRON CORP NEW	COM	166764100	42,719	238	SH		SOLE		0	0	238
CONSOLIDATED WATER CO INC	ORD	G23773107	81,400	5,500	SH		SOLE		0	0	5,500
CEMEX SAB DE CV	SPON ADR NEW	151290889	89,100	22,000	SH		SOLE		0	0	22,000
CORECIVIC INC	COM	21871N101	26,912	2,328	SH		SOLE		0	0	2,328
CYBERARK SOFTWARE LTD	SHS	M2682V108	64,825	500	SH		SOLE		0	0	500
DILLARDS INC	CL A	254067101	82,739	256	SH		SOLE		0	0	256
DHT HOLDINGS INC	SHS NEW	Y2065G121	134,088	15,100	SH		SOLE		0	0	15,100
DEVON ENERGY CORP NEW	COM	25179M103	65,078	1,058	SH		SOLE		0	0	1,058
ENI S P A	SPONSORED ADR	26874R108	94,578	3,300	SH		SOLE		0	0	3,300
CENTRAIS ELETRICAS BRASILEIR	SPONSORED ADR	15234Q207	22,656	2,857	SH		SOLE		0	0	2,857
EDAP TMS S A	SPONSORED ADR	268311107	120,458	11,300	SH		SOLE		0	0	11,300
EOG RES INC	COM	26875P101	37,302	288	SH		SOLE		0	0	288
ESSA PHARMA INC	COM NEW	29668H708	84,168	33,400	SH		SOLE		0	0	33,400
ENERPLUS CORP	COM	292766102	116,490	6,600	SH		SOLE		0	0	6,600
EMBRAER S. A.	SPONSORED ADS	29082A107	4,864	445	SH		SOLE		0	0	445
ETHAN ALLEN INTERIORS INC	COM	297602104	44,914	1,700	SH		SOLE		0	0	1,700
EURONAV NV	SHS	B38564108	112,464	6,600	SH		SOLE		0	0	6,600
EVE HLDG INC	COM	29970N104	3,600,000	500,000	SH		SOLE		0	0	500,000
FIRST BANCORP P R	COM NEW	318672706	109,392	8,600	SH		SOLE		0	0	8,600
FIRST CTZNS BANCSHARES INC N	CL A	31946M103	45,502	60	SH		SOLE		0	0	60
FAIR ISAAC CORP	COM	303250104	37,112	62	SH		SOLE		0	0	62
FLOWSERVE CORP	COM	34354P105	33,196	1,082	SH		SOLE		0	0	1,082
F N B CORP	COM	302520101	46,275	3,546	SH		SOLE		0	0	3,546
TECHNIPFMC PLC	COM	G87110105	140,185	11,500	SH		SOLE		0	0	11,500
FULTON FINL CORP PA	COM	360271100	45,677	2,714	SH		SOLE		0	0	2,714
ISHARES TR	CHINA LG-CAP ETF	464287184	16,019,583	566,063	SH		SOLE		0	0	566,063
GENERAL ELECTRIC CO	COM NEW	369604301	31,515	482	SH		SOLE		0	0	482
GOLD FIELDS LTD	SPONSORED ADR	38059T106	62,100	6,000	SH		SOLE		0	0	6,000
GOLAR LNG LTD	SHS	G9456A100	79,765	3,500	SH		SOLE		0	0	3,500
GAMIDA CELL LTD	SHS	M47364100	56,631	43,900	SH		SOLE		0	0	43,900
ALPHABET INC	CAP STK CL A	02079K305	3,838,005	43,500	SH		SOLE		0	0	43,500
GENUINE PARTS CO	COM	372460105	43,378	250	SH		SOLE		0	0	250
GOLDMAN SACHS GROUP INC	COM	38141G104	46,013	134	SH		SOLE		0	0	134
GRAN TIERRA ENERGY INC	COM	38500T101	1,025,640	103,600	SH		SOLE		0	0	103,600
GRAINGER W W INC	COM	384802104	54,513	98	SH		SOLE		0	0	98
HUNTINGTON BANCSHARES INC	COM	446150104	41,905	2,972	SH		SOLE		0	0	2,972
HESS CORP	COM	42809H107	36,306	256	SH		SOLE		0	0	256
HARLEY DAVIDSON INC	COM	412822108	70,304	1,690	SH		SOLE		0	0	1,690
HELMERICH & PAYNE INC	COM	423452101	29,742	600	SH		SOLE		0	0	600
INDUSTRIAS BACHOCO SAB	SPON ADR B	456463108	101,980	2,000	SH		SOLE		0	0	2,000
INTERNATIONAL BANCSHARES COR	COM	459044103	54,180	1,184	SH		SOLE		0	0	1,184
INFLARX NV	COM	N44821101	84,630	27,300	SH		SOLE		0	0	27,300
INTERNATIONAL GAME TECHNOLOG	SHS USD	G4863A108	88,452	3,900	SH		SOLE		0	0	3,900
IMMUNOCORE HLDGS PLC	ADS	45258D105	114,140	2,000	SH		SOLE		0	0	2,000
IMPERIAL OIL LTD	COM NEW	453038408	136,472	2,800	SH		SOLE		0	0	2,800
INTER & CO INC	CLASS A COM	G4R20B107	91,008	38,400	SH		SOLE		0	0	38,400
ITT INC	COM	45073V108	78,991	974	SH		SOLE		0	0	974
JOHNSON CTLS INTL PLC	SHS	G51502105	96,000	1,500	SH		SOLE		0	0	1,500
JEFFERIES FINL GROUP INC	COM	47233W109	63,011	1,924	SH		SOLE		0	0	1,924
KINIKSA PHARMACEUTICALS LTD	COM CL A	G5269C101	86,884	5,800	SH		SOLE		0	0	5,800
KOSMOS ENERGY LTD	COM	500688106	90,312	14,200	SH		SOLE		0	0	14,200
LANCASTER COLONY CORP	COM	513847103	78,131	396	SH		SOLE		0	0	396
LENNOX INTL INC	COM	526107107	35,301	154	SH		SOLE		0	0	154
LIBERTY LATIN AMERICA LTD	COM CL C	G9001E128	80,560	10,600	SH		SOLE		0	0	10,600
LOMA NEGRA C I A S A MTN 14	SPONSORED ADS	54150E104	2,593,410	378,600	SH		SOLE		0	0	378,600
LAVA THERAPEUTICS NV	SHS	N51517105	74,200	21,200	SH		SOLE		0	0	21,200
MACERICH CO	COM	554382101	36,100	3,206	SH		SOLE		0	0	3,206
ISHARES TR	MBS ETF	464288588	17,526,782	188,968	SH		SOLE		0	0	188,968
METLIFE INC	COM	59156R108	41,830	578	SH		SOLE		0	0	578
MARATHON OIL CORP	COM	565849106	81,156	2,998	SH		SOLE		0	0	2,998
MICROSOFT CORP	COM	594918104	1,256,657	5,240	SH		SOLE		0	0	5,240
MICRON TECHNOLOGY INC	COM	595112103	5,192,922	103,900	SH		SOLE		0	0	103,900
MURPHY OIL CORP	COM	626717102	74,149	1,724	SH		SOLE		0	0	1,724
NORDIC AMERICAN TANKERS LIMI	COM	G65773106	89,658	29,300	SH		SOLE		0	0	29,300
NABORS INDUSTRIES LTD	SHS	G6359F137	108,409	700	SH		SOLE		0	0	700
NANO X IMAGING LTD	ORD SHS	M70700105	53,136	7,200	SH		SOLE		0	0	7,200
NOV INC	COM	62955J103	82,223	3,936	SH		SOLE		0	0	3,936
NETAPP INC	COM	64110D104	36,276	604	SH		SOLE		0	0	604
NUCOR CORP	COM	670346105	59,315	450	SH		SOLE		0	0	450
NVENT ELECTRIC PLC	SHS	G6700G107	107,716	2,800	SH		SOLE		0	0	2,800
NEW YORK TIMES CO	CL A	650111107	66,543	2,050	SH		SOLE		0	0	2,050
THE ODP CORP	COM	88337F105	33,882	744	SH		SOLE		0	0	744
ORION ENGINEERED CARBONS S A	COM	L72967109	87,269	4,900	SH		SOLE		0	0	4,900
OFG BANCORP	COM	67103X102	82,680	3,000	SH		SOLE		0	0	3,000
OLINK HLDG AB	SPONSORED ADS	680710100	88,830	3,500	SH		SOLE		0	0	3,500
GRUPO AEROPORTUARIO DEL CENT	SPON ADR	400501102	123,680	2,000	SH		SOLE		0	0	2,000
OREILLY AUTOMOTIVE INC	COM	67103H107	45,578	54	SH		SOLE		0	0	54
OCCIDENTAL PETE CORP	COM	674599105	35,148	558	SH		SOLE		0	0	558
GRUPO AEROPORTUARIO DEL PACIFIC	SPON ADR B	400506101	86,286	600	SH		SOLE		0	0	600
PRECISION DRILLING CORP	COM NEW	74022D407	99,710	1,300	SH		SOLE		0	0	1,300
PENN ENTERTAINMENT INC	COM	707569109	58,568	1,972	SH		SOLE		0	0	1,972
PERION NETWORK LTD	SHS NEW	M78673114	88,550	3,500	SH		SOLE		0	0	3,500
PARKER-HANNIFIN CORP	COM	701094104	87,882	302	SH		SOLE		0	0	302
PHUNWARE INC	COM	71948P100	2,656,286	68,700	SH		SOLE		0	0	68,700
PERDOCEO ED CORP	COM	71363P106	34,083	2,452	SH		SOLE		0	0	2,452
PROTHENA CORP PLC	SHS	G72800108	78,325	1,300	SH		SOLE		0	0	1,300
PEARSON PLC	SPONSORED ADR	705015105	108,192	9,600	SH		SOLE		0	0	9,600
PATTERSON-UTI ENERGY INC	COM	703481101	71,604	4,252	SH		SOLE		0	0	4,252
PIONEER NAT RES CO	COM	723787107	32,431	142	SH		SOLE		0	0	142
PYXIS TANKERS INC	COM NEW	Y71726130	81,940	17,000	SH		SOLE		0	0	17,000
QUALCOMM INC	COM	747525103	831,146	7,560	SH		SOLE		0	0	7,560
RESTAURANT BRANDS INTL INC	COM	76131D103	77,604	1,200	SH		SOLE		0	0	1,200
UNIQURE NV	SHS	N90064101	56,675	2,500	SH		SOLE		0	0	2,500
RPC INC	COM	749660106	28,466	3,202	SH		SOLE		0	0	3,202
RAYMOND JAMES FINL INC	COM	754730109	90,181	844	SH		SOLE		0	0	844
ROLLINS INC	COM	775711104	88,646	2,426	SH		SOLE		0	0	2,426
SANMINA CORPORATION	COM	801056102	60,040	1,048	SH		SOLE		0	0	1,048
SFL CORPORATION LTD	SHS	G7738W106	80,214	8,700	SH		SOLE		0	0	8,700
SIGMA LITHIUM CORPORATION	COM	826599102	13,527,003	479,341	SH		SOLE		0	0	479,341
SUMMIT THERAPEUTICS INC	COM	86627T108	243,100	57,200	SH		SOLE		0	0	57,200
SUNOPTA INC	COM	8676EP108	85,244	10,100	SH		SOLE		0	0	10,100
TEEKAY CORPORATION	COM	Y8564W103	83,990	18,500	SH		SOLE		0	0	18,500
TURKCELL ILETISIM HIZMETLERI	SPON ADR NEW	900111204	79,514	16,600	SH		SOLE		0	0	16,600
TIMKEN CO	COM	887389104	34,770	492	SH		SOLE		0	0	492
TEEKAY TANKERS LTD	CL A	Y8565N300	110,916	3,600	SH		SOLE		0	0	3,600
TSAKOS ENERGY NAVIGATION LTD	SHS	G9108L173	118,510	7,000	SH		SOLE		0	0	7,000
TRUSTMARK CORP	COM	898402102	40,635	1,164	SH		SOLE		0	0	1,164
TRANSUNION	COM	89400J107	6,429,775	113,300	SH		SOLE		0	0	113,300
TENARIS S A	SPONSORED ADS	88031M109	91,416	2,600	SH		SOLE		0	0	2,600
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADS	874039100	1,248,080	16,755	SH		SOLE		0	0	16,755
TRANE TECHNOLOGIES PLC	SHS	G8994E103	84,045	500	SH		SOLE		0	0	500
TUYA INC	SPONSERED ADS	90114C107	182,449	95,523	SH		SOLE		0	0	95,523
UBS GROUP AG	SHS	H42097107	82,148	4,400	SH		SOLE		0	0	4,400
UNITED BANKSHARES INC WEST V	COM	909907107	88,349	2,182	SH		SOLE		0	0	2,182
VISA INC	COM CL A	92826C839	1,273,777	6,131	SH		SOLE		0	0	6,131
VALARIS LIMITED	CL A	G9460G101	114,954	1,700	SH		SOLE		0	0	1,700
VALE S A	SPONSORED ADS	91912E105	3,105,510	183,000	SH		SOLE		0	0	183,000
VISTEON CORP	COM NEW	92839U206	80,330	614	SH		SOLE		0	0	614
VERMILION ENERGY INC	COM	923725105	86,730	4,900	SH		SOLE		0	0	4,900
VALERO ENERGY CORP	COM	91913Y100	36,282	286	SH		SOLE		0	0	286
VIRAX BIOLABS GROUP LTD	ORD SHS	G9495L109	857,750	117,500	SH		SOLE		0	0	117,500
VERONA PHARMA PLC	SPONSORED ADS	925050106	122,811	4,700	SH		SOLE		0	0	4,700
VTEX	SHS CL A	G9470A102	275,974	73,593	SH		SOLE		0	0	73,593
WEBSTER FINL CORP	COM	947890109	42,133	890	SH		SOLE		0	0	890
WORKDAY INC	CL A	98138H101	1,509,819	9,023	SH		SOLE		0	0	9,023
WELLS FARGO CO NEW	COM	949746101	37,739	914	SH		SOLE		0	0	914
SELECT SECTOR SPDR TR	ENERGY	81369Y506	4,347,259	49,700	SH		SOLE		0	0	49,700
SELECT SECTOR SPDR TR	SBI CONS STPLS	81369Y308	650,598	8,727	SH		SOLE		0	0	8,727
SELECT SECTOR SPDR TR	SBI INT-UTILS	81369Y886	483,701	6,861	SH		SOLE		0	0	6,861
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	589,725	4,341	SH		SOLE		0	0	4,341
EXXON MOBIL CORP	COM	30231G102	37,281	338	SH		SOLE		0	0	338
SPDR SER TR	S&P OILGAS EXP	78468R556	35,465	261	SH		SOLE		0	0	261
XP INC	CL A	G98239109	3,768,486	245,664	SH		SOLE		0	0	245,664
YPF SOCIEDAD ANONIMA	SPON ADR CL D	984245100	128,660	14,000	SH		SOLE		0	0	14,000
ISHARES INC	CALL	464286900	2,280,000	60,000	SH	Call	SOLE		0	0	60,000
ISHARES INC	CALL	464286900	21,000	7,000	SH	Call	SOLE		0	0	7,000
ISHARES INC	CALL	464286900	12,000	24,000	SH	Call	SOLE		0	0	24,000
ISHARES TR	CALL	464287904	690,000	10,000	SH	Call	SOLE		0	0	10,000
KRANESHARES TR	CALL	500767906	40,000	5,000	SH	Call	SOLE		0	0	5,000
TESLA INC	CALL	88160R901	325,000	2,500	SH	Call	SOLE		0	0	2,500