| SQUADRA INVESTMENTS - GESTAO DE RECURSOS LTDA. | 5,972,414 | $171,648 | 92.17% |
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| Truxt Investmentos Ltda. | 9,710,092 | $279,068 | 74.93% |
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| Kiron Capital Gestao de Recursos Ltda. | 1,275,033 | $36,645 | 57.86% |
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| Constellation Investimentos e Participacoes Ltda | 4,718,324 | $135,605 | 50.67% |
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| Sharp Capital Gestora de Recursos Ltda. | 4,927,390 | $141,613 | 49.31% |
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| VELT Partners Investimentos Ltda. | 1,907,607 | $54,825 | 49.05% |
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| BC Gestao de Recursos Ltda. | 1,742,977 | $50,093 | 43.40% |
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| Absoluto Partners Gestao de Recursos Ltda | 3,110,102 | $89,384 | 27.53% |
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| GAVEA INVESTIMENTOS LTDA | 901,768 | $25,917 | 23.33% |
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| ATMOS CAPITAL GESTAO DE RECURSOS LTDA. | 5,018,730 | $144,238 | 16.80% |
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| Dynamo Administracao de Recursos Ltda. | 1,321,966 | $37,993 | 15.26% |
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| GENERAL ATLANTIC, L.P. | 48,867,650 | $1,404,456 | 10.84% |
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| American Beacon Advisors, Inc. | 11,104 | $319 | 8.83% |
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| AMS Capital Ltda | 1,240,000 | $35,638 | 7.97% |
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| JGP Global Gestao de Recursos Ltda. | 678,980 | $16,718 | 7.77% |
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| Cartica Management, LLC | 1,205,717 | $34,652 | 7.34% |
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| TT International Asset Management LTD | 2,367,816 | $68,051,031 | 4.53% |
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| Seafarer Capital Partners, LLC | 264,562 | $7,603 | 4.25% |
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| ThornTree Capital Partners LP | 631,893 | $18,161 | 3.52% |
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| DYNAMO INTERNACIONAL GESTAO DE RECURSOS LTDA. | 1,136,103 | $32,652 | 3.39% |
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