IBIUNA LONG SHORT ST MASTER

Multimercados L/S - Neutro · CNPJ 13.962.959/0001-50 · benchmark Ibovespa

Portfolio as of June 2026

AUM

R$1.8B

In stocks

R$1.2B

Stocks

YTD

▲ 13.0%

12 months

▲ 14.3%

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. May 2026

Stock	Company	% of stock portfolio	Value	Month	Since then	Sector
CSMG3	Companhia de Saneamento de Minas Gerais	12.0%	R$139.6M	AddedR$50.0M	▲ 6.0%	Utilities
B3SA3	B3 SA - Brasil, Bolsa, Balcao	9.8%	R$114.5M	AddedR$26.3M	▲ 63.2%	Finance
RENT3	Localiza Rent A Car SA	9.0%	R$104.7M	AddedR$5.3M	▲ 27.3%	Finance
PETR4	Petroleo Brasileiro SA	8.8%	R$102.3M	AddedR$4.7M	▲ 54.0%	Energy Minerals
VIVA3	Vivara Participacoes SA	7.5%	R$87.7M	Held	▲ 20.8%	Consumer Durables
UGPA3	Ultrapar Participacoes S.A.	6.8%	R$79.0M	AddedR$8.3M	▲ 52.6%	Retail Trade
CEAB3	C&A Modas SA	4.8%	R$55.6M	Trimmed−R$21.0M	▲ 32.7%	Retail Trade
EQTL3	Equatorial S.A.	4.6%	R$53.2M	AddedR$11.2M	▲ 27.3%	Utilities
ITUB4	Itau Unibanco Holding SA	4.5%	R$53.0M	New	▲ 15.7%	Finance
CMIG4	Companhia Energetica de Minas Gerais SA	4.5%	R$52.5M	AddedR$25.7M	▲ 8.8%	Utilities
GGBR4	Gerdau S.A.	4.4%	R$50.8M	AddedR$7.3M	▲ 26.3%	Non-Energy Minerals
BBAS3	Banco do Brasil S.A.	3.2%	R$37.5M	New	▲ 21.5%	Finance
CXSE3	Caixa Seguridade Participacoes SA	2.8%	R$32.3M	AddedR$32.3M	▲ 8.0%	Finance
SMFT3	Smartfit Escola de Ginastica e Danca SA	2.6%	R$29.8M	New	▲ 30.3%	Consumer Services
ENEV3	Eneva S.A.	2.1%	R$24.5M	AddedR$10.8M	▲ 19.8%	Utilities
EGIE3	ENGIE Brasil Energia S.A.	1.9%	R$22.7M	AddedR$8.5M	▼ 10.3%	Utilities
PGMN3	Empreendimentos Pague Menos SA	1.6%	R$18.8M	Trimmed−R$14.4M	▲ 57.9%	Retail Trade
ISAE4	Isa Energia Brasil SA	1.6%	R$18.3M	Trimmed−R$16.4M	▲ 3.5%	Utilities
VALE3	Vale S.A.	1.5%	R$17.2M	Trimmed−R$37.6M	▼ 16.0%	Non-Energy Minerals
RDOR3	Rede D'Or Sao Luiz SA	1.3%	R$14.8M	Held	▲ 27.0%	Health Services
HYPE3	Hypera S.A.	1.1%	R$12.5M	Held	▲ 30.9%	Health Technology
BRKM5	Braskem S.A.	0.7%	R$7.7M	Trimmed−R$225.9K	▼ 34.6%	Process Industries
BBSE3	BB Seguridade Participacoes SA	0.6%	R$6.5M	Trimmed−R$35.7M	▲ 8.0%	Finance
USIM5	Usinas Siderurgicas de Minas Gerais SA-Usiminas	0.4%	R$5.1M	New	▼ 19.8%	Non-Energy Minerals
LREN3	Lojas Renner S.A.	0.4%	R$4.7M	Trimmed−R$3.6M	▲ 1.2%	Retail Trade
FLRY3	Fleury SA	0.4%	R$4.2M	New	▲ 83.1%	Health Services
VBBR3	Vibra Energia SA	0.3%	R$4.0M	Trimmed−R$6.3M	▲ 22.7%	Retail Trade
ASAI3	Sendas Distribuidora SA	0.3%	R$3.8M	New	▲ 60.0%	Retail Trade
CPLE3	Companhia Paranaense de Energia	0.3%	R$3.5M	New	▲ 17.5%	Utilities
CYRE3	Cyrela Brazil Realty SA Empreendimentos e Participacoes	0.3%	R$3.2M	New	▲ 49.5%	Finance
GMAT3	Grupo Mateus SA	0.2%	R$2.9M	AddedR$2.2M	▲ 53.7%	Retail Trade
RAIZ4	Raizen SA	0.0%	R$314.3K	Trimmed−R$204.5K	▲ 7.9%	Retail Trade
ALPA4	Alpargatas SA	0.0%	R$59.9K	New	▲ 49.3%	Consumer Non-Durables
CPFE3	CPFL Energia S.A.	0.0%	R$58.6K	New	▲ 11.8%	Utilities
CMIN3	CSN Mineracao SA	0.0%	R$37.6K	New	▲ 19.6%	Non-Energy Minerals
BBDC4	Banco Bradesco SA	0.0%	R$20.0K	New	▲ 14.3%	Finance

Exited this month

Short positions

Borrowed shares the fund has to return