SQUADRA MASTER LONG-BIASED
Ações Livre · CNPJ 09.412.648/0001-40
Portfolio as of March 2026
AUM
R$4.0B
In stocks
R$2.2B
Stocks
26
YTD
▲ 19.7%
12 months
▲ 13.6%
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. February 2026
| Stock | Company | % of stock portfolio | Value | Month | Since then | Sector |
|---|---|---|---|---|---|---|
 EQTL3 | Equatorial S.A. | 31.6% | R$701.2M | Held | ▲ 21.6% | Utilities |
 UGPA3 | Ultrapar Participacoes S.A. | 9.0% | R$199.7M | Held | ▲ 38.5% | Retail Trade |
 GGPS3 | GPS Participacoes e Empreendimentos SA | 8.6% | R$190.6M | AddedR$39.2M | ▼ 2.2% | Commercial Services |
 RAIL3 | Rumo SA | 8.2% | R$182.4M | Held | ▲ 18.8% | Transportation |
 MULT3 | Multiplan Empreendimentos Imobiliarios SA | 6.2% | R$137.0M | AddedR$34.0M | ▲ 19.3% | Finance |
 INBR32 | Inter & Co., Inc. | 6.1% | R$134.3M | Held | ▼ 20.1% | BDR |
 MELI34 | MercadoLibre, Inc. | 6.0% | R$134.0M | New | ▲ 5.6% | BDR |
 ROXO34 | Nu Holdings Ltd. | 5.8% | R$129.0M | New | ▲ 2.2% | BDR |
 ITSA4 | Itausa SA | 3.6% | R$79.6M | Trimmed−R$11.6M | ▲ 13.0% | Finance |
 HAPV3 | Hapvida Participacoes e Investimentos SA | 3.3% | R$73.6M | Held | ▼ 5.4% | Health Services |
 XPBR31 | XP Inc. | 3.1% | R$68.8M | New | ▲ 62.5% | BDR |
 VALE3 | Vale S.A. | 2.0% | R$43.4M | AddedR$35.7M | ▼ 20.7% | Non-Energy Minerals |
 EQPA3 | Equatorial Para Distribuidora de Energia SA | 1.3% | R$29.6M | Held | ▼ 18.0% | Utilities |
 STOC34 | StoneCo Ltd. | 1.3% | R$29.5M | New | ▼ 17.3% | BDR |
 GMAT3 | Grupo Mateus SA | 1.0% | R$23.0M | Trimmed−R$35.7M | ▲ 20.0% | Retail Trade |
 MATD3 | Hospital Mater Dei SA | 0.9% | R$19.7M | Held | ▲ 11.0% | Health Services |
 ITUB4 | Itau Unibanco Holding SA | 0.5% | R$11.5M | New | ▲ 12.2% | Finance |
 MBRF3 | MBRF Global Foods Company S.A. | 0.5% | R$10.8M | AddedR$3.6M | ▼ 14.3% | Consumer Non-Durables |
 PETR4 | Petroleo Brasileiro SA | 0.3% | R$5.9M | New | ▲ 19.6% | Energy Minerals |
 ABEV3 | Ambev SA | 0.2% | R$4.9M | AddedR$4.7M | ▲ 10.5% | Consumer Non-Durables |
 MGLU3 | Magazine Luiza S.A. | 0.2% | R$4.9M | AddedR$4.9M | ▲ 54.8% | Retail Trade |
 BBAS3 | Banco do Brasil S.A. | 0.2% | R$3.9M | Trimmed−R$13.3M | ▲ 5.2% | Finance |
 FIEI3 | Fica Empreendimentos Imobiliarios SA | 0.1% | R$1.4M | Held | – | Finance |
 RADL3 | Raia Drogasil S.A. | 0.1% | R$1.1M | Trimmed−R$4.7M | ▼ 8.2% | Retail Trade |
 BBDC4 | Banco Bradesco SA | 0.0% | R$4.5K | Trimmed−R$9.0K | ▲ 7.9% | Finance |
 ENGI4 | Energisa SA | 0.0% | R$29.64 | Held | ▲ 37.0% | Utilities |
Exited this month
Short positions
Borrowed shares the fund has to return