ITAÚ MASTER GLOBAL DINÂMICO MULTIMERCADO
Multimercados Livre · CNPJ 14.416.823/0001-07 · benchmark DI de um dia
Portfolio as of February 2026
AUM
R$5.6B
In stocks
R$514.6M
Stocks
112
YTD
▲ 11.9%
12 months
▲ 16.2%
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 |
|---|---|---|---|---|---|---|
 ITSA4 | Itausa SA | 19.7% | R$101.4M | Trimmed−R$13.4M | ▲ 10.7% | Finance |
 AXIA7 | AXIA Energia SA | 6.6% | R$33.8M | Trimmed−R$4.7M | ▲ 0.7% | Utilities |
 NEOE3 | – | 4.9% | R$25.3M | Held | – | Other |
 ENEV3 | Eneva S.A. | 4.6% | R$23.5M | Trimmed−R$15.4M | ▲ 49.5% | Utilities |
 CPLE3 | Companhia Paranaense de Energia | 4.4% | R$22.9M | AddedR$1.6M | ▲ 20.4% | Utilities |
 VALE3 | Vale S.A. | 4.3% | R$22.2M | Trimmed−R$10.5M | ▼ 26.0% | Non-Energy Minerals |
 ITUB4 | Itau Unibanco Holding SA | 4.0% | R$20.3M | Trimmed−R$2.2M | ▲ 4.3% | Finance |
 AXIA3 | AXIA Energia SA | 3.1% | R$16.1M | AddedR$6.3M | ▼ 3.3% | Utilities |
 B3SA3 | B3 SA - Brasil, Bolsa, Balcao | 3.0% | R$15.4M | AddedR$6.7M | ▲ 32.5% | Finance |
 SBSP3 | Companhia de Saneamento Basico do Estado de Sao Paulo SABESP | 2.6% | R$13.5M | AddedR$2.4M | ▲ 5.9% | Utilities |
 BBDC4 | Banco Bradesco SA | 2.5% | R$13.1M | AddedR$2.5M | ▼ 2.2% | Finance |
 EQTL3 | Equatorial S.A. | 2.5% | R$12.7M | AddedR$3.4M | ▲ 17.7% | Utilities |
 PETR4 | Petroleo Brasileiro SA | 2.3% | R$11.6M | Trimmed−R$6.6M | ▲ 48.0% | Energy Minerals |
 RADL3 | Raia Drogasil S.A. | 2.2% | R$11.2M | Trimmed−R$3.6M | ▼ 13.8% | Retail Trade |
 SUZB3 | Suzano S.A. | 2.1% | R$10.8M | AddedR$5.9M | ▼ 26.9% | Process Industries |
 MOTV3 | Motiva Infraestrutura de Mobilidade SA | 2.1% | R$10.6M | New | ▲ 22.5% | Transportation |
 PETR3 | Petroleo Brasileiro SA | 2.0% | R$10.2M | Trimmed−R$5.5M | ▲ 51.8% | Energy Minerals |
 EMBJ3 | Embraer S.A. | 1.8% | R$9.4M | AddedR$4.0M | ▼ 1.7% | Electronic Technology |
 PRIO3 | Prio SA | 1.5% | R$7.9M | Trimmed−R$1.8M | ▲ 30.8% | Energy Minerals |
 CBAV3 | Companhia Brasileira de Aluminio | 1.5% | R$7.6M | AddedR$1.3M | ▲ 11.0% | Non-Energy Minerals |
 RENT3 | Localiza Rent A Car SA | 1.5% | R$7.5M | AddedR$2.0M | ▲ 4.1% | Finance |
 BBAS3 | Banco do Brasil S.A. | 1.4% | R$7.4M | AddedR$3.1M | ▼ 10.2% | Finance |
 CSAN3 | Cosan S.A. | 1.4% | R$7.0M | Trimmed−R$175.4K | ▼ 16.2% | Utilities |
 VBBR3 | Vibra Energia SA | 1.3% | R$6.8M | Trimmed−R$1.6M | ▲ 22.6% | Retail Trade |
 RENT4 | Localiza Rent A Car SA | 1.2% | R$6.0M | Held | ▲ 5.3% | Finance |
 ABEV3 | Ambev SA | 1.1% | R$5.5M | Trimmed−R$1.4M | ▲ 3.6% | Consumer Non-Durables |
 AXIA6 | – | 1.0% | R$5.0M | Trimmed−R$14.3M | – | Other |
 WEGE3 | WEG SA | 0.9% | R$4.8M | Trimmed−R$1.4M | ▼ 1.8% | Producer Manufacturing |
 RDOR3 | Rede D'Or Sao Luiz SA | 0.9% | R$4.6M | Trimmed−R$2.7M | ▲ 9.4% | Health Services |
 VIVT3 | Telefonica Brasil S.A. | 0.9% | R$4.6M | AddedR$3.6M | ▼ 25.5% | Communications |
 CSMG3 | Companhia de Saneamento de Minas Gerais | 0.9% | R$4.6M | AddedR$3.4M | ▲ 16.2% | Utilities |
 CEAB3 | C&A Modas SA | 0.8% | R$4.3M | Trimmed−R$3.0M | ▲ 10.3% | Retail Trade |
 ALOS3 | Allos S.A. | 0.7% | R$3.8M | AddedR$763.9K | ▲ 9.2% | Finance |
 TEND3 | Construtora Tenda SA | 0.7% | R$3.4M | Trimmed−R$1.5M | ▼ 5.5% | Finance |
 LREN3 | Lojas Renner S.A. | 0.7% | R$3.4M | AddedR$1.3M | ▼ 4.2% | Retail Trade |
 ASAI3 | Sendas Distribuidora SA | 0.6% | R$2.9M | New | ▲ 49.7% | Retail Trade |
 TIMS3 | TIM S.A. | 0.5% | R$2.5M | New | ▼ 31.8% | Communications |
 ARML3 | Armac Locacao Logistica e Servicos SA | 0.4% | R$2.2M | Trimmed−R$120.1K | ▲ 18.5% | Finance |
 CMIG4 | Companhia Energetica de Minas Gerais SA | 0.4% | R$2.1M | AddedR$138.0K | ▼ 2.0% | Utilities |
 GGBR4 | Gerdau S.A. | 0.4% | R$1.9M | Trimmed−R$406.1K | ▲ 25.1% | Non-Energy Minerals |
 MULT3 | Multiplan Empreendimentos Imobiliarios SA | 0.4% | R$1.9M | AddedR$1.8M | ▲ 7.8% | Finance |
 PNVL3 | Dimed S.A. Distribuidora de Medicamentos | 0.3% | R$1.8M | AddedR$71.3K | ▼ 1.0% | Retail Trade |
 ODPV3 | – | 0.3% | R$1.7M | New | – | Other |
 MDNE3 | Moura Dubeux Engenharia SA | 0.3% | R$1.4M | Trimmed−R$688.7K | ▼ 7.0% | Finance |
 BEEF3 | Minerva S.A. | 0.2% | R$1.3M | AddedR$1.2M | ▼ 17.0% | Distribution Services |
 BBSE3 | BB Seguridade Participacoes SA | 0.2% | R$1.2M | New | ▲ 22.0% | Finance |
 USIM5 | Usinas Siderurgicas de Minas Gerais SA-Usiminas | 0.2% | R$1.2M | AddedR$1.0M | ▼ 4.1% | Non-Energy Minerals |
 USIM3 | Usinas Siderurgicas de Minas Gerais SA-Usiminas | 0.2% | R$1.2M | Trimmed−R$102.6K | ▼ 6.4% | Non-Energy Minerals |
 RAIL3 | Rumo SA | 0.2% | R$1.1M | Trimmed−R$113.4K | ▲ 20.9% | Transportation |
 MBRF3 | MBRF Global Foods Company S.A. | 0.2% | R$1.1M | Trimmed−R$565.8K | ▼ 10.3% | Consumer Non-Durables |
 HAPV3 | Hapvida Participacoes e Investimentos SA | 0.2% | R$1.1M | Trimmed−R$798.5K | ▼ 9.0% | Health Services |
 TOTS3 | TOTVS S.A. | 0.2% | R$1.1M | Trimmed−R$1.3M | ▲ 11.2% | Technology Services |
 ANIM3 | Anima Holding SA | 0.2% | R$947.1K | Trimmed−R$34.3K | ▲ 0.2% | Consumer Services |
 POMO4 | Marcopolo SA | 0.2% | R$854.5K | Trimmed−R$1.7M | ▼ 28.1% | Producer Manufacturing |
 VTRU3 | Vitru Educacao SA | 0.2% | R$805.1K | Trimmed−R$62.2K | ▲ 40.1% | Commercial Services |
 SIMH3 | Simpar SA | 0.1% | R$588.4K | Trimmed−R$277.7K | ▲ 32.0% | Transportation |
 CASH3 | Meliuz SA | 0.1% | R$513.0K | Trimmed−R$36.2K | ▲ 46.7% | Commercial Services |
 GMAT3 | Grupo Mateus SA | 0.1% | R$448.4K | Held | ▼ 1.4% | Retail Trade |
 SBFG3 | Grupo SBF S.A. | 0.1% | R$424.6K | Trimmed−R$95.8K | ▼ 6.6% | Retail Trade |
 UGPA3 | Ultrapar Participacoes S.A. | 0.1% | R$377.9K | AddedR$189.9K | ▲ 54.1% | Retail Trade |
Exited this month
Short positions
Borrowed shares the fund has to return
ITUB4R$107.3MBBSE3R$79.3MABEV3R$28.1MVALE3R$16.4MEQTL3R$13.7MB3SA3R$13.2MAXIA3R$12.6M
TAEE11R$8.6MPETR4R$7.9MRENT3R$7.5MCMIG4R$6.8MPETR3R$6.8M
PSSA3R$5.1MBBDC4R$4.9MCSAN3R$4.8MBBAS3R$4.6MSBSP3R$4.3MLREN3R$4.0MAXIA7R$3.8MITSA4R$3.8M
EGIE3R$3.7MWEGE3R$3.4M
CYRE3R$3.1MEMBJ3R$3.0MENEV3R$2.3MBEEF3R$2.2MCPLE3R$2.0MRDOR3R$2.0M
AMER3R$1.9M
CSNA3R$1.9M