SMTO3

Sao Martinho S.A. · Process Industries

Portfolios as of March 2026

Price

R$21.27

▲ 12.1% over 1 month

All funds holding it

263

+19 this month

Value across all funds

R$396.6M

portfolios of Mar/26

Sold short

R$84.6M

69 funds

Largest holders

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

1
Tarpon TARPON INTERSECTION MASTER
AddedR$46.0M
2
Trígono Capital TRIGONO DELPHOS INCOME
AddedR$14.8M
3
Trígono Capital TRÍGONO FLAGSHIP SMALL CAPS MASTER
AddedR$14.2M
4
Clube do Valor CLUBE DO VALOR MASTER
TrimmedR$12.9M
5
GTI GTI DIMONA BRASIL
AddedR$12.0M
6
Alaska ALASKA POLAND
HeldR$11.9M
7
XP XP INVESTOR MASTER
NewR$11.7M

Month by month

Number of shares at each month-end

Fund	Position	Mar/26	Feb/26	Jan/26	Dec/25	Nov/25	Oct/25
Tarpon · TARPON INTERSECTION MASTER	Added	2.2M	1.8M	1.3M	615.8K	404.8K	–
Trígono Capital · TRIGONO DELPHOS INCOME	Added	700K	474.6K	460K	800K	650K	840K
Trígono Capital · TRÍGONO FLAGSHIP SMALL CAPS MASTER	Added	670K	500K	495K	500K	470K	670K
Clube do Valor · CLUBE DO VALOR MASTER	Trimmed	609.2K	667.2K	651.7K	562.5K	–	–
GTI · GTI DIMONA BRASIL	Added	566K	149.8K	596K	555K	546K	513K
Alaska · ALASKA POLAND	Held	560.2K	560.2K	–	–	–	–
XP · XP INVESTOR MASTER	New	551.6K	–	–	–	–	–
Rubik Capital · JTP	Held	545.7K	545.7K	621.5K	621.5K	471.5K	471.5K
Capstone Partners · CAPSTONE MACRO MASTER	Added	443.7K	75.7K	164.6K	–	90	97.6K
GTI · GTI HAIFA	Trimmed	312K	365K	361K	325K	364K	347K
XP · XP INVESTOR LONG BIASED	New	281.6K	–	–	–	23.3K	–
SPX · SPX FALCON MASTER	Trimmed	266.9K	639.5K	462.2K	344.2K	73.1K	252.5K
Forpus Capital · FORPUS AÇÕES MASTER	New	250K	–	320K	–	–	–
Trígono Capital · TRIGONO 70 PREVIDÊNCIA	Added	250K	180K	190K	250K	230K	260K
FAR Fator · FATOR VIGOR	New	232.3K	–	–	–	–	–
BB · BB TOP AÇÕES AGRO	Added	230K	21.1K	46.2K	140K	210K	221.7K
Rubik Capital · RUBIK BEQUEST MASTER	Trimmed	179.8K	220.8K	220.8K	220.8K	119.7K	119.7K
Constância · CONSTÂNCIA FUNDAMENTO	Added	158.4K	93.5K	88.4K	164.1K	–	–
Real Capital Partners · REAL CAPITAL PARTNERS MASTER	New	153.5K	–	–	–	–	85.3K
Indie Capital · INDIE MASTER	New	147.5K	–	–	–	–	–
SPX · SPX HORNET EQUITY HEDGE MASTER	Added	140K	115.3K	142.8K	6.2K	42.9K	282.8K
Trígono Capital · TRÍGONO ICATU 100	Added	130K	110K	117K	100K	60K	280K
Acuto Capital · ACUTO MASTER	New	121.4K	–	–	–	–	–
Próprio Capital · PRÓPRIO CAPITAL	Trimmed	109.5K	150K	–	–	–	–
Banco Bradesco · BRAM CRESCIMENTO FI FINANCEIRO - CIA - RESP LIMITADA	New	108.1K	–	–	29.5K	60.2K	112.6K

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$45.0K−R$44.7K
Jun/26Conselho de Administração+R$43.9K
May/26Conselho de Administração+R$170.0K
May/26Diretor−R$154.4K