EVOLUTION
Fechados de Ações · CNPJ 05.346.352/0001-17 · benchmark Não se aplica
Portfolio as of December 2025
AUM
R$521.0M
In stocks
R$364.7M
Stocks
8
YTD
▲ 32.1%
12 months
▲ 68.3%
Past performance is no guarantee of future results.
Quota
Month-end; daily in recent months
Disclosed so far
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Hatched months still have confidential positions.
Portfolio
Changes vs. November 2025
| Stock | Company | % of stock portfolio | Value | Month | Since then | Sector |
|---|---|---|---|---|---|---|
 BPAN4 | – | 71.4% | R$260.4M | Held | – | Other |
 AXIA3 | AXIA Energia SA | 8.8% | R$32.0M | AddedR$6.7M | ▲ 17.1% | Utilities |
 CSAN3 | Cosan S.A. | 6.3% | R$22.9M | Held | ▼ 0.9% | Utilities |
 ALOS3 | Allos S.A. | 4.7% | R$17.0M | AddedR$5.7M | ▲ 25.8% | Finance |
 ORVR3 | Orizon Valorizacao de Residuos SA | 4.4% | R$16.1M | AddedR$2.1M | ▲ 17.6% | Utilities |
 EMBJ3 | Embraer S.A. | 2.4% | R$8.9M | Held | ▲ 2.5% | Electronic Technology |
 TEND3 | Construtora Tenda SA | 2.0% | R$7.4M | New | ▲ 16.4% | Finance |
 DOTZ3 | Dotz SA | 0.0% | R$157.5K | Held | ▲ 267.7% | Technology Services |