GOAU4

Metalurgica Gerdau SA · Non-Energy Minerals

Portfolios as of March 2026

Price

R$11.93

▲ 4.5% over 1 month

All funds holding it

408

-14 this month

Value across all funds

R$1.8B

portfolios of Mar/26

Sold short

R$182.6M

73 funds

Largest holders

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

1
Dynamo DYNAMO COUGAR MASTER
HeldR$468.5M
2
SPX SPX FALCON MASTER
TrimmedR$266.2M
3
Capstone Partners CAPSTONE MACRO MASTER
AddedR$119.7M
4
Kapitalo KAPITALO ZETA MERIDIA MASTER
TrimmedR$93.5M
5
Investfort INVESTFORT PENEDO FI FINANCEIRO - CIA - RESP LIMITADA
HeldR$53.3M
6
SPX SPX HORNET EQUITY HEDGE MASTER
TrimmedR$47.3M
7
Guepardo GUEPARDO INSTITUCIONAL MASTER
AddedR$46.2M

Month by month

Number of shares at each month-end

Fund	Position	Mar/26	Feb/26	Jan/26	Dec/25	Nov/25	Oct/25
Dynamo · DYNAMO COUGAR MASTER	Held	54.9M	54.2M	54.2M	54.2M	40.6M	35.4M
SPX · SPX FALCON MASTER	Trimmed	31.2M	36.2M	47.2M	39.1M	26.3M	25.2M
Capstone Partners · CAPSTONE MACRO MASTER	Added	14M	13.3M	15.5M	15.2M	11.5M	11.6M
Kapitalo · KAPITALO ZETA MERIDIA MASTER	Trimmed	10.9M	11.2M	10.5M	10.2M	7.3M	7.1M
Investfort · INVESTFORT PENEDO FI FINANCEIRO - CIA - RESP LIMITADA	Held	6.2M	6.2M	6.2M	6.2M	4.7M	4.7M
SPX · SPX HORNET EQUITY HEDGE MASTER	Trimmed	5.5M	7.3M	11.6M	8.4M	5.2M	4.5M
Guepardo · GUEPARDO INSTITUCIONAL MASTER	Added	5.4M	4.4M	2.7M	3.3M	2.5M	2.5M
Vokin · VOKIN GBV ACONCÁGUA MASTER LONG ONLY	New	4.9M	–	–	3.6M	3.6M	4.7M
Finacap · FINACAP MAURITSSTAD	Held	3.8M	3.8M	3.8M	3.9M	2.9M	2.9M
Dynamo · ASCESE	Held	3.1M	3.1M	3.8M	3.8M	2.8M	2.5M
Truxt · TRUXT LONG SHORT MASTER	Trimmed	3M	3.8M	3.8M	2.4M	1.6M	1.2M
Trilha · FUNDO DE INVESTIMENTO EM ACOES GUAXE MASTER	Held	2.9M	2.9M	2.9M	2.9M	2.3M	2.3M
Guepardo · GUEPARDO PREVIDÊNCIA	Added	2.8M	1.7M	1.6M	1.7M	1.3M	1.3M
SPX · SPX PATRIOT MASTER	Trimmed	1.8M	2.4M	3.7M	2.8M	2M	2.1M
BTG Pactual · BTG PACTUAL E3	Added	1.5M	144.1K	–	–	–	–
Kapitalo · KAPITALO MASTER V	Trimmed	1.5M	1.5M	1.5M	1.5M	1.1M	1.1M
BTG Pactual · MINERVA	Held	1.4M	1.4M	1.4M	1.4M	1M	1M
Impacto · SÃO PEDRO	Held	1.3M	1.3M	1.3M	1.3M	990K	990K
3 Ilhas · 3 ILHAS	New	1.3M	–	–	–	–	–
SPX · SPX LONG BIAS PREVIDENCIÁRIO MASTER	Added	1.3M	1.2M	2M	1.5M	916.1K	858.4K
Lagosta Capital · SEA LOBSTER	Held	1.1M	1.1M	1.1M	900K	–	–
Safra · SAFRA 16	Held	996.5K	996.5K	996.5K	996.5K	747.4K	747.4K
BB · BB TOP AÇÕES SETORIAL SIDERURGIA	Trimmed	951.4K	995.4K	823.9K	828.5K	838.5K	825.1K
SPX · SPX FALCON INSTITUCIONAL MASTER	Trimmed	931.1K	1.1M	1.4M	955.7K	607.6K	549.9K
Itaú Unibanco · ITAÚ FTSE RAFI BRAZIL 50 CAPPED INDEX	Trimmed	911.8K	1.2M	1.2M	1.1M	744.2K	681.1K

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/26Controlador−R$2.2M
Sep/26Diretor−R$1.4M
Aug/26Controlador−R$25.2M
Aug/26Diretor−R$260.2K
Jun/26Conselho de Administração+R$4.0M
Jun/26Diretor−R$170.3K
May/26Conselho de Administração−R$10.3M
May/26Diretor−R$587.5K
Apr/26Conselho de Administração−R$4.1M
Apr/26Diretor−R$300.0K