Tavi Costa
Founder & CEO, Azuria Capital
Tavi Costa (Otavio Costa) is a Brazilian-born macro investor and mining entrepreneur, and the founder and CEO of Azuria Capital. From 2013 to 2025 he was at Crescat Capital, where he became a member and portfolio manager and developed the firm's macro model for identifying the stage of the US economic cycle from 16 factors. He is a founding shareholder of San Cristóbal Mining, which bought Bolivia's San Cristóbal silver, zinc and lead mine from Sumitomo in a leveraged deal completed in 2023, and in April 2026 he joined the board of Altamira Gold, a gold exploration company in Brazil. He graduated cum laude in business administration from Lindenwood University in St. Louis. His research, published in his Substack newsletter and in interviews, applies value-investing principles to long-term macro themes: capital cycles, hard assets such as gold, silver and copper, mining stocks and emerging markets, particularly Latin America.
Leaderboard rank
Open in leaderboard →| Horizon | 7D | 30D | 90D | 180D | 360D | AVG |
|---|---|---|---|---|---|---|
| Rank | #438 | #292 | #460 | #106 | #9 | #197 |
| Calls | 27 | 27 | 27 | 15 | 10 | 27 |
| Avg return | +1.4% | +4.2% | +4.0% | +20.9% | +37.1% | +8.3% |
| vs S&P 500 | +0.5 pp | +2.4 pp | -1.5 pp | +14.2 pp | +25.4 pp | +4.0 pp |
Ticker
Side
Calls
Mentions
First Call
Best call P&L
Status
Chart
Source
Loading
Showing 0 of 21 calls · sorted by mentions
Loading
Tavi Costa has 21 trade ideas tracked on Buzzberg across 21 tickers since September 2025. Win rate 71% across 21 evaluated calls, average return +18.6%. Ranked #292 on Buzzberg's 30-day Authors leaderboard. Most covered: COPPER, GOLD, SILVER.
Historical call returns are modeled from recorded ideas and stored prices, not actual brokerage portfolio returns. Check the evaluated call set and horizon; past results do not establish future prediction accuracy. Explore our data and methodology
