Sep/26
Plural cut AXIA7 and added to PETR4
R$757.4M traded vs. Aug/26
Complete portfolios through March 2026Disclosures through September 2026
Follow the whales.
What Brazil's largest equity and multi-strategy funds hold, what they bought and what they sold, month by month, from CVM public data.
- In stocks across funds
- R$424B
- Funds tracked
- 1,110
- Managers
- 304
Recent disclosures
Funds that have already disclosed the latest month, vs. the month before
BTG Pactual exited SUZB3 and ITUB4
R$383.2M traded vs. Jun/26
Itaú Unibanco cut AXIA7 and bought into RDOR3
R$175.8M traded vs. Jul/26
Previ bought into ENGI11 and added to SUZB3
R$170.4M traded vs. Jul/26
Sep/26
Ujay Capital bought into AXIA17 and AXIA3
R$116.6M traded vs. Aug/26
Perfin Infra added to CSMG3
R$71.8M traded vs. Aug/26
Independent managers
By stock holdings in the latest complete portfolio
SPX
15 funds · portfolio as of Mar/26
In stocks
R$15.4B
YTD
▲ 19.4%
Opportunity HDF
5 funds · portfolio as of Mar/26
In stocks
R$14.7B
YTD
▲ 36.5%
Dynamo
4 funds · portfolio as of Mar/26
In stocks
R$11.6B
YTD
▲ 24.6%
Absolute
22 funds · portfolio as of Mar/26
In stocks
R$9.0B
YTD
▲ 14.3%
Atmos Capital
4 funds · portfolio as of Mar/26
In stocks
R$8.6B
YTD
▲ 20.4%
Capstone Partners
1 fund · portfolio as of Jun/26
In stocks
R$7.9B
YTD
▲ 3.4%
Kapitalo
15 funds · portfolio as of Jun/26
In stocks
R$7.5B
YTD
▲ 7.8%
Alaska
9 funds · portfolio as of Mar/26
In stocks
R$7.1B
YTD
▲ 12.6%
Plural
3 funds · portfolio as of Sep/26
In stocks
R$5.9B
YTD
▲ 22.8%
Real Investor
7 funds · portfolio as of Mar/26
In stocks
R$4.4B
YTD
▲ 11.0%
Oceana
11 funds · portfolio as of Mar/26
In stocks
R$4.2B
YTD
▲ 26.5%
Squadra
7 funds · portfolio as of Mar/26
In stocks
R$4.2B
YTD
▲ 19.2%GuepardoR$3.7BAZ QuestR$3.5BAbsoluto PartnersR$3.5BSharp CapitalR$3.2BTempo CapitalR$2.3BLegacy CapitalR$2.2BOpportunityR$2.2BKineaR$1.9BMilestonesR$1.8BRadarR$1.6BArtesanalR$1.6BPerfin InfraR$1.5BTruxtR$1.5BTarpon Public EquitiesR$1.5BTrígono CapitalR$1.4BNavi CapitalR$1.4BQuatrinvestR$1.3BBCR$1.3BOpportunity Private EquityR$1.2BVerdeR$1.2BGenoa CapitalR$1.2BVinci EquitiesR$1.2BIbiuna CréditoR$1.2BDahlia CapitalR$1.1BHIXR$1.1BInvestidor ProfissionalR$1.0BNucleo CapitalR$1.0BVokinR$970.4M
Past performance is no guarantee of future results.
Most bought
Change in stock holdings across all funds, Mar/26 vs. Feb/26; includes offerings and corporate actions
Most sold
Change in stock holdings across all funds, Mar/26 vs. Feb/26; includes offerings and corporate actions
Most crowded
Funds holding the stock in Mar/26
- 1VALE3Vale S.A.1,133+25R$18.7B
- 2EQTL3Equatorial S.A.1,061+1R$16.8B
- 3PETR4Petroleo Brasileiro SA1,024+64R$16.9B
- 4ITUB4Itau Unibanco Holding SA967+55R$9.8B
- 5AXIA3AXIA Energia SA947-41R$17.3B
- 6
PRIO3Prio SA936+8R$5.6B - 7AXIA7AXIA Energia SA919-87R$7.0B
- 8
SUZB3Suzano S.A.913-79R$6.2B - 9RENT3Localiza Rent A Car SA911+17R$7.2B
- 10
CPLE3Companhia Paranaense de Energia902+11R$6.6B - 11ITSA4Itausa SA828+3R$8.5B
- 12ENEV3Eneva S.A.808-3R$22.5B
Banks and pension funds
Banks, insurers and pension funds: big portfolios, many of them indexed
BTG Pactual
R$24.9B · Mar/26
Itaú Unibanco
R$14.0B · Jun/26
BB
R$10.5B · Mar/26
Banco Bradesco
R$6.2B · Mar/26
Caixa
R$6.1B · Aug/26
Previ
R$4.2B · Aug/26
XP
R$3.4B · Jun/26
Santander Brasil
R$3.2B · Mar/26
Past performance is no guarantee of future results.