EQTL3

Equatorial S.A. · Utilities

Portfolios as of March 2026

Price

R$49.58

▲ 25.3% over 1 month

All funds holding it

1,061

+1 this month

Value across all funds

R$16.8B

portfolios of Mar/26

Sold short

R$1.0B

85 funds

Largest holders

Equity and multi-strategy funds with AUM of R$ 50M or more

1
Opportunity HDF OPPORTUNITY LÓGICA P
HeldR$4.2B
2
Atmos Capital ATMOS MASTER
HeldR$1.4B
3
Opportunity HDF OPPORTUNITY LÓGICA MASTER
HeldR$1.3B
4
Squadra SQUADRA MASTER LONG-BIASED
HeldR$701.2M
5
Absoluto Partners ABSOLUTO PARTNERS MASTER
HeldR$580.6M
6
Squadra SQUADRA MASTER LONG-ONLY
HeldR$357.9M
7
Sharp Capital SHARP LONG BIASED MASTER
TrimmedR$357.0M

Month by month

Number of shares at each month-end

Fund	Position	Mar/26	Feb/26	Jan/26	Dec/25	Nov/25	Oct/25
Opportunity HDF · OPPORTUNITY LÓGICA P	Held	104.2M	104.2M	104.2M	104.2M	104.2M	104.2M
Atmos Capital · ATMOS MASTER	Held	33.6M	34.2M	34.6M	34.6M	34.6M	34.9M
Opportunity HDF · OPPORTUNITY LÓGICA MASTER	Held	31.6M	31.6M	31.6M	31.6M	31.6M	31.6M
Squadra · SQUADRA MASTER LONG-BIASED	Held	17.2M	17.2M	17.2M	17.2M	17.2M	17.2M
Absoluto Partners · ABSOLUTO PARTNERS MASTER	Held	14.2M	14M	13.5M	13.4M	12.5M	12.4M
Squadra · SQUADRA MASTER LONG-ONLY	Held	8.8M	8.8M	8.8M	8.8M	9.3M	9.3M
Sharp Capital · SHARP LONG BIASED MASTER	Trimmed	8.8M	9.1M	8M	7.9M	7.9M	6.4M
Milestones · WPA GLOBAL	Held	8M	8M	8.1M	8.1M	8.1M	8.1M
Oceana · OCEANA LONG BIASED MASTER	Added	4.9M	4.3M	4.2M	3.9M	3.7M	4.2M
TB Capital · TB MASTER	Trimmed	4.6M	5.7M	6.1M	6.5M	6.4M	6.9M
Capstone Partners · CAPSTONE MACRO MASTER	Added	4.3M	3.4M	3.4M	3.7M	3.4M	4.8M
Squadra · SQUADRA VE I	Held	3.8M	3.8M	3.8M	3.8M	3.8M	3.7M
Quatrinvest · FORTALEZA	Held	3.6M	3.6M	3.6M	3.6M	3.6M	3.6M
Previ · PREVI RENDA VARIÁVEL ATIVA	Held	3.1M	3.1M	3.4M	3.2M	3.3M	3.7M
Oceana · OCEANA VALOR II MASTER	Held	2.9M	2.9M	1.8M	1.7M	1.3M	1.4M
Oceana · OCEANA SELECTION MASTER	Trimmed	2.8M	2.9M	2.7M	2.7M	2.7M	2.7M
Legacy Capital · LEGACY CAPITAL ALPHA MASTER	Held	–	65.5K	3.9M	4.2M	4.1M	5.6M
Opportunity HDF · OPPORTUNITY SELECTION MASTER	Held	2.1M	2.1M	2.1M	2.1M	2.1M	2.1M
Atmos Capital · ATMOS INSTITUCIONAL MASTER	Trimmed	2.1M	2.1M	2.2M	2.1M	2.1M	2.1M
Itaú Unibanco · ITAÚ INFLATION EQUITY OPPORTUNITIES MULTIMERCADO	Added	2M	2M	1.7M	1.6M	1.6M	1.7M
Opportunity · OPPORTUNITY TOTAL MASTER	Held	2M	2M	2M	2M	1.5M	1.5M
BTG Pactual · BTG PACTUAL ABSOLUTO INSTITUCIONAL MASTER	Added	1.9M	1.3M	824.2K	1.1M	1.7M	1.8M
Sharp Capital · SHARP EQUITY VALUE MASTER	Held	1.9M	1.8M	1.7M	1.6M	1.6M	1.3M
Nucleo Capital · NÚCLEO MASTER	Held	1.7M	1.7M	1.7M	1.5M	1.5M	1.7M
AZ Quest · AZ QUEST SMALL MID CAPS MASTER	Held	1.7M	1.7M	1.7M	1.3M	1.5M	1.5M

Funds holding it

All CVM funds

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Insiders

VLMO form, ten days after month-end

Sep/26Diretor−R$385.0K
Jul/26Diretor+R$14.0M−R$19.6K
Jun/26Diretor+R$1.5M
Apr/26Diretor−R$11.6M
Apr/26Conselho de Administração+R$1.5M−R$1.5M