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 COVER PAGE

OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8

Report for the Calendar Year or Quarter Ended: 03-31-2022
Check here if Amendment   Amendment Number:
This Amendment (Check only one.):   is a restatement.
  adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: ADAMCAPITAL Gestao de Recursos Ltda.
Address: RUA DIAS FERREIRA, 190 SALA 502
LEBLON
RIO DE JANEIRO , D5CEP 22431
Form 13F File Number: 028-18661

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name: Guilherme G. Rafare
Title: Chief Risk and Compliance Officer
Phone: 55-21-3993-7000
Signature, Place, and Date of Signing:
/s/ Guilherme G. Rafare Rio de Janeiro , D5 05-19-2022
[Signature] [City, State] [Date]
Report Type (Check only one.):
X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
  13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
  13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 14
Form 13F Information Table Value Total: 426,222,000
(thousands)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name

List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
No. Form 13F File Number Name


SEC FORM 13F-HR

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
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8

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
ALPHABET INC. CMN CLASS C COM 02079K107 24,400,000 8,736 SH SOLE 8,736 0 0
ALPHABET INC. CMN CLASS A COM 02079K305 24,315,000 8,742 SH SOLE 8,742 0 0
AMAZON.COM INC CMN COM 023135106 51,752,000 15,875 SH SOLE 15,875 0 0
BANK OF AMERICA CORP CMN COM 060505104 52,329,000 1,269,502 SH SOLE 1,269,502 0 0
ELECTRONIC ARTS CMN COM 285512109 15,290,000 120,861 SH SOLE 120,861 0 0
META PLATFORMS INC CMN CLASS A COM 30303M102 48,663,000 218,849 SH SOLE 218,849 0 0
GENERAL DYNAMICS CORP. CMN COM 369550108 7,923,000 32,849 SH SOLE 32,849 0 0
JPMORGAN CHASE & CO CMN COM 46625H100 91,343,000 670,063 SH SOLE 670,063 0 0
LOWES COMPANIES INC CMN COM 548661107 9,632,000 47,637 SH SOLE 47,637 0 0
MASTERCARD INCORPORATED CMN CLASS A COM 57636Q104 20,430,000 57,167 SH SOLE 57,167 0 0
RAYTHEON TECHNOLOGIES CORPORATION CMN COM 75513E101 25,559,000 257,985 SH SOLE 257,985 0 0
TAKE TWO INTERACTIVE SOFTWARE INC COM 874054109 10,250,000 66,669 SH SOLE 66,669 0 0
VISA INC. CMN CLASS A COM 92826C839 19,945,000 89,934 SH SOLE 89,934 0 0
XP INC CMN CLASS A COM G98239109 24,391,000 810,319 SH SOLE 810,319 0 0