CONSTÂNCIA FUNDAMENTO
Ações Livre · CNPJ 11.182.064/0001-77 · benchmark Ibovespa
Portfolio as of February 2026
AUM
R$562.5M
In stocks
R$757.1M
Stocks
100
YTD
▲ 13.5%
12 months
▲ 21.6%
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. January 2026
| Stock | Company | % of stock portfolio | Value | Month | Since then | Sector |
|---|---|---|---|---|---|---|
 MOTV3 | Motiva Infraestrutura de Mobilidade SA | 4.2% | R$31.5M | AddedR$13.0M | ▲ 22.5% | Transportation |
 ITUB4 | Itau Unibanco Holding SA | 4.2% | R$31.5M | AddedR$4.8M | ▲ 4.3% | Finance |
 ITSA4 | Itausa SA | 4.2% | R$31.4M | Trimmed−R$3.3M | ▲ 10.7% | Finance |
 ALOS3 | Allos S.A. | 3.9% | R$29.6M | Trimmed−R$4.7M | ▲ 9.2% | Finance |
 AXIA3 | AXIA Energia SA | 3.8% | R$28.8M | Trimmed−R$992.6K | ▼ 3.3% | Utilities |
 EZTC3 | EZ TEC Empreendimentos e Participacoes SA | 3.0% | R$22.6M | Trimmed−R$3.3M | ▲ 20.3% | Finance |
 ISAE4 | Isa Energia Brasil SA | 2.9% | R$22.2M | AddedR$452.5K | ▲ 2.2% | Utilities |
 CYRE3 | Cyrela Brazil Realty SA Empreendimentos e Participacoes | 2.9% | R$22.0M | Trimmed−R$3.8M | ▲ 12.0% | Finance |
 CPLE3 | Companhia Paranaense de Energia | 2.9% | R$22.0M | Trimmed−R$1.3M | ▲ 20.4% | Utilities |
 BRAP4 | Bradespar SA | 2.9% | R$21.6M | Trimmed−R$1.6M | ▼ 19.3% | Finance |
 JHSF3 | JHSF Participacoes S.A. | 2.7% | R$20.4M | Trimmed−R$1.5M | ▲ 43.0% | Finance |
 ENGI11 | Energisa SA | 2.5% | R$19.3M | AddedR$6.7M | ▲ 25.3% | Utilities |
 COGN3 | Cogna Educacao S.A. | 2.5% | R$18.9M | AddedR$3.8M | ▼ 7.1% | Commercial Services |
 VULC3 | Vulcabras SA | 2.1% | R$15.5M | Trimmed−R$1.6M | ▼ 13.6% | Consumer Non-Durables |
 CMIG4 | Companhia Energetica de Minas Gerais SA | 2.0% | R$15.3M | AddedR$3.1M | ▼ 2.0% | Utilities |
 BRSR6 | Banco do Estado do Rio Grande do Sul SA | 2.0% | R$14.9M | Trimmed−R$2.1M | ▼ 2.2% | Finance |
 PETR4 | Petroleo Brasileiro SA | 1.8% | R$14.0M | AddedR$2.8M | ▲ 48.0% | Energy Minerals |
 ECOR3 | EcoRodovias Infraestrutura e Logistica S.A. | 1.7% | R$13.1M | Held | ▲ 28.4% | Transportation |
 TAEE11 | Transmissora Alianca De Energia Eletrica S.A. | 1.7% | R$13.0M | Trimmed−R$4.5M | ▲ 3.8% | Industrial Services |
 EQTL3 | Equatorial S.A. | 1.6% | R$12.5M | Trimmed−R$787.5K | ▲ 17.7% | Utilities |
 MDNE3 | Moura Dubeux Engenharia SA | 1.6% | R$12.5M | Trimmed−R$7.3M | ▼ 7.0% | Finance |
 SAPR11 | Companhia de Saneamento do Parana - Sanepar | 1.6% | R$11.9M | Trimmed−R$705.0K | ▼ 9.4% | Utilities |
 RIAA3 | RIACHUELO | 1.6% | R$11.9M | New | ▲ 11.7% | Distribution Services |
 BBDC4 | Banco Bradesco SA | 1.5% | R$11.4M | AddedR$2.2M | ▼ 2.2% | Finance |
 AZZA3 | Azzas 2154 SA | 1.5% | R$11.2M | AddedR$3.3M | ▲ 3.8% | Consumer Non-Durables |
 SANB11 | Banco Santander (Brasil) S.A. | 1.5% | R$11.2M | AddedR$5.5M | ▼ 15.8% | Finance |
 BBSE3 | BB Seguridade Participacoes SA | 1.3% | R$9.7M | AddedR$1.6M | ▲ 22.0% | Finance |
 ANIM3 | Anima Holding SA | 1.3% | R$9.6M | AddedR$4.5M | ▲ 0.2% | Consumer Services |
 TEND3 | Construtora Tenda SA | 1.3% | R$9.6M | Trimmed−R$1.8M | ▼ 5.5% | Finance |
 CPFE3 | CPFL Energia S.A. | 1.2% | R$9.0M | Trimmed−R$7.6M | ▼ 0.6% | Utilities |
 IGTI11 | Iguatemi SA | 1.2% | R$8.7M | AddedR$4.3M | ▲ 10.9% | Finance |
 SBSP3 | Companhia de Saneamento Basico do Estado de Sao Paulo SABESP | 1.1% | R$8.5M | New | ▲ 5.9% | Utilities |
 ABEV3 | Ambev SA | 1.1% | R$8.4M | Trimmed−R$11.7M | ▲ 3.6% | Consumer Non-Durables |
 VALE3 | Vale S.A. | 1.1% | R$8.4M | Trimmed−R$4.7M | ▼ 26.0% | Non-Energy Minerals |
 ABCB4 | Banco ABC Brasil SA Conv | 1.1% | R$8.2M | Trimmed−R$339.1K | ▲ 10.0% | Finance |
 MULT3 | Multiplan Empreendimentos Imobiliarios SA | 1.0% | R$7.9M | AddedR$1.7M | ▲ 7.8% | Finance |
 CXSE3 | Caixa Seguridade Participacoes SA | 1.0% | R$7.5M | Trimmed−R$1.7M | ▲ 19.7% | Finance |
 BRAV3 | Brava Energia SA | 1.0% | R$7.4M | Trimmed−R$1.5M | ▲ 12.5% | Energy Minerals |
 CURY3 | Cury Construtora e Incorporadora SA | 0.9% | R$7.1M | Trimmed−R$10.3M | ▼ 15.7% | Finance |
 LAVV3 | LAVVI Empreendimentos Imobiliarios SA | 0.9% | R$6.8M | Trimmed−R$913.1K | ▼ 15.2% | Finance |
 PRIO3 | Prio SA | 0.9% | R$6.5M | Held | ▲ 30.8% | Energy Minerals |
 SUZB3 | Suzano S.A. | 0.9% | R$6.5M | AddedR$3.8M | ▼ 26.9% | Process Industries |
 ALPA4 | Alpargatas SA | 0.8% | R$6.4M | Trimmed−R$7.3M | ▲ 16.7% | Consumer Non-Durables |
 UNIP6 | Unipar Carbocloro SA | 0.8% | R$6.1M | Trimmed−R$1.5M | ▼ 12.1% | Process Industries |
 RDOR3 | Rede D'Or Sao Luiz SA | 0.8% | R$5.7M | AddedR$4.3M | ▲ 9.4% | Health Services |
 BMOB3 | Bemobi Mobile Tech SA | 0.7% | R$5.7M | Held | ▲ 38.3% | Technology Services |
 ALUP11 | Alupar Investimento SA | 0.7% | R$5.6M | Trimmed−R$128.0K | ▲ 7.8% | Utilities |
 TGMA3 | Tegma Gestao Logistica S.A. | 0.7% | R$5.4M | Trimmed−R$579.9K | ▲ 27.8% | Transportation |
 AXIA7 | AXIA Energia SA | 0.7% | R$5.4M | Trimmed−R$301.1K | ▲ 0.7% | Utilities |
 B3SA3 | B3 SA - Brasil, Bolsa, Balcao | 0.7% | R$5.1M | AddedR$3.3M | ▲ 32.5% | Finance |
 VAMO3 | Vamos Locacao de Caminhoes, Maquinas e Equipamentos SA | 0.7% | R$5.1M | AddedR$2.3M | ▲ 50.9% | Finance |
 MOVI3 | Movida Participacoes SA | 0.7% | R$5.0M | Trimmed−R$1.3M | ▲ 34.8% | Finance |
 RECV3 | Petroreconcavo SA | 0.6% | R$4.7M | Trimmed−R$2.4M | ▲ 3.4% | Energy Minerals |
 LOGG3 | Log Commercial Properties e Participacoes SA | 0.6% | R$4.7M | Trimmed−R$2.1M | ▲ 7.6% | Industrial Services |
 VIVA3 | Vivara Participacoes SA | 0.6% | R$4.6M | AddedR$2.6M | ▼ 11.3% | Consumer Durables |
 SLCE3 | SLC Agricola S.A. | 0.5% | R$4.1M | AddedR$298.3K | ▲ 3.6% | Process Industries |
 EGIE3 | ENGIE Brasil Energia S.A. | 0.5% | R$4.1M | AddedR$262.7K | ▼ 7.2% | Utilities |
 DIRR3 | Direcional Engenharia S.A. | 0.5% | R$4.0M | Trimmed−R$187.7K | ▼ 30.0% | Finance |
 CSMG3 | Companhia de Saneamento de Minas Gerais | 0.5% | R$4.0M | Trimmed−R$2.1M | ▲ 16.2% | Utilities |
 PSSA3 | Porto Seguro S.A. | 0.5% | R$3.9M | Trimmed−R$1.5M | ▲ 0.6% | Finance |
Exited this month
