BRAM LONG BIASED

Ações Livre · CNPJ 20.216.279/0001-52 · benchmark OUTROS

Portfolio as of March 2026

AUM

R$80.6M

In stocks

R$122.0M

Stocks

114

YTD

▲ 18.2%

12 months

▲ 26.7%

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
VALE3	Vale S.A.	11.5%	R$14.0M	AddedR$5.7M	▼ 20.7%	Non-Energy Minerals
PETR4	Petroleo Brasileiro SA	5.6%	R$6.8M	AddedR$1.4M	▲ 19.6%	Energy Minerals
RENT3	Localiza Rent A Car SA	5.1%	R$6.2M	AddedR$916.1K	▲ 12.5%	Finance
BBDC4	Banco Bradesco SA	5.1%	R$6.2M	AddedR$379.6K	▲ 7.9%	Finance
B3SA3	B3 SA - Brasil, Bolsa, Balcao	3.1%	R$3.7M	Trimmed−R$301.8K	▲ 28.9%	Finance
ITUB4	Itau Unibanco Holding SA	2.6%	R$3.2M	AddedR$821.8K	▲ 12.2%	Finance
MOTV3	Motiva Infraestrutura de Mobilidade SA	2.5%	R$3.1M	AddedR$645.0K	▲ 29.0%	Transportation
CPLE3	Companhia Paranaense de Energia	2.5%	R$3.1M	AddedR$890.3K	▲ 14.4%	Utilities
SMFT3	Smartfit Escola de Ginastica e Danca SA	2.5%	R$3.0M	AddedR$1.4M	▲ 33.9%	Consumer Services
MELI34	MercadoLibre, Inc.	2.4%	R$2.9M	Trimmed−R$356.2K	▲ 5.6%	BDR
NVDC34	NVIDIA Corporation	2.3%	R$2.9M	Trimmed−R$208.6K	▲ 20.3%	BDR
AXIA6	–	2.3%	R$2.8M	Trimmed−R$2.7M	–	Other
TSMC34	Taiwan Semiconductor Manufacturing Co., Ltd. ADR	2.3%	R$2.8M	AddedR$524.2K	▲ 22.4%	BDR
EQTL3	Equatorial S.A.	2.2%	R$2.7M	Held	▲ 21.6%	Utilities
RADL3	Raia Drogasil S.A.	2.2%	R$2.6M	Trimmed−R$338.8K	▼ 8.2%	Retail Trade
EMBJ3	Embraer S.A.	2.1%	R$2.5M	AddedR$1.8M	▲ 18.0%	Electronic Technology
TEND3	Construtora Tenda SA	2.0%	R$2.4M	Trimmed−R$415.0K	▼ 8.3%	Finance
XPBR31	XP Inc.	2.0%	R$2.4M	AddedR$518.3K	▲ 62.5%	BDR
CEAB3	C&A Modas SA	2.0%	R$2.4M	AddedR$314.6K	▲ 17.9%	Retail Trade
VBBR3	Vibra Energia SA	1.9%	R$2.4M	AddedR$306.7K	▲ 16.0%	Retail Trade
ALOS3	Allos S.A.	1.9%	R$2.3M	AddedR$391.4K	▲ 17.7%	Finance
RDOR3	Rede D'Or Sao Luiz SA	1.9%	R$2.3M	AddedR$1.1M	▲ 13.1%	Health Services
BCHI39	iShares MSCI China ETF	1.6%	R$2.0M	Held	▼ 12.5%	BDR
ROXO34	Nu Holdings Ltd.	1.4%	R$1.7M	AddedR$405.9K	▲ 2.2%	BDR
PRIO3	Prio SA	1.3%	R$1.6M	Trimmed−R$2.3M	▲ 7.6%	Energy Minerals
GOGL34	Alphabet Inc	1.3%	R$1.6M	Held	▲ 15.0%	BDR
VULC3	Vulcabras SA	1.3%	R$1.6M	AddedR$306.6K	▼ 6.2%	Consumer Non-Durables
SUZB3	Suzano S.A.	1.3%	R$1.6M	Trimmed−R$669.5K	▼ 18.3%	Process Industries
CURY3	Cury Construtora e Incorporadora SA	1.3%	R$1.5M	AddedR$1.1M	▼ 7.4%	Finance
PGMN3	Empreendimentos Pague Menos SA	1.2%	R$1.5M	AddedR$1.2M	▼ 8.2%	Retail Trade
MUTC34	Micron Technology Inc	1.2%	R$1.5M	AddedR$291.4K	▲ 158.1%	BDR
BCHQ39	Global X MSCI China Consumer Discretionary ETF	1.1%	R$1.4M	Held	▼ 19.5%	BDR
ANIM3	Anima Holding SA	1.0%	R$1.2M	AddedR$463.1K	▲ 19.5%	Consumer Services
AXIA7	AXIA Energia SA	0.9%	R$1.1M	Held	▲ 5.0%	Utilities
GDXB39	VanEck Gold Miners ETF	0.8%	R$1.0M	AddedR$537.2K	▼ 8.8%	BDR
ITSA4	Itausa SA	0.8%	R$1.0M	AddedR$236.3K	▲ 13.0%	Finance
POMO4	Marcopolo SA	0.8%	R$956.9K	Trimmed−R$123.4K	▼ 20.2%	Producer Manufacturing
ORVR3	Orizon Valorizacao de Residuos SA	0.8%	R$942.1K	AddedR$785.1K	▲ 15.2%	Utilities
AURA33	Aura Minerals Inc	0.7%	R$856.1K	AddedR$237.8K	▲ 1.4%	BDR
WEGE3	WEG SA	0.7%	R$811.1K	Trimmed−R$270.4K	▼ 4.4%	Producer Manufacturing
MSFT34	Microsoft Corp	0.7%	R$794.4K	New	▲ 38.3%	BDR
NFLX34	Netflix, Inc.	0.7%	R$793.6K	Held	▼ 32.4%	BDR
ECOR3	EcoRodovias Infraestrutura e Logistica S.A.	0.6%	R$759.5K	Trimmed−R$961.0K	▲ 63.1%	Transportation
ABEV3	Ambev SA	0.6%	R$744.2K	New	▲ 10.5%	Consumer Non-Durables
BURA39	Global X Uranium ETF	0.6%	R$743.4K	Held	▼ 29.9%	BDR
JHSF3	JHSF Participacoes S.A.	0.6%	R$731.4K	Trimmed−R$123.3K	▲ 53.1%	Finance
CSMG3	Companhia de Saneamento de Minas Gerais	0.6%	R$692.4K	New	▲ 10.1%	Utilities
TTEN3	Tres Tentos Agroindustrial SA	0.5%	R$657.6K	AddedR$100.8K	▼ 12.9%	Commercial Services
ENEV3	Eneva S.A.	0.5%	R$608.6K	Trimmed−R$861.4K	▲ 30.4%	Utilities
MOVI3	Movida Participacoes SA	0.5%	R$605.5K	Trimmed−R$58.1K	▲ 54.6%	Finance
SAPR11	Companhia de Saneamento do Parana - Sanepar	0.4%	R$542.4K	Held	▼ 8.2%	Utilities
SBSP3	Companhia de Saneamento Basico do Estado de Sao Paulo SABESP	0.4%	R$501.1K	AddedR$159.0K	▲ 2.8%	Utilities
CXSE3	Caixa Seguridade Participacoes SA	0.4%	R$462.4K	Trimmed−R$416.5K	▲ 16.0%	Finance
C1CJ34	Cameco Corporation	0.4%	R$462.4K	Held	▼ 26.8%	BDR
CBAV3	Companhia Brasileira de Aluminio	0.4%	R$457.8K	AddedR$181.7K	▲ 7.3%	Non-Energy Minerals
RIAA3	RIACHUELO	0.3%	R$357.1K	Trimmed−R$75.3K	▲ 20.4%	Distribution Services
MDNE3	Moura Dubeux Engenharia SA	0.3%	R$341.9K	Trimmed−R$80.6K	▼ 5.0%	Finance
M2ST34	Strategy Inc -A-	0.3%	R$316.9K	Held	▲ 10.2%	BDR
BRSR6	Banco do Estado do Rio Grande do Sul SA	0.2%	R$291.5K	AddedR$36.2K	▲ 5.4%	Finance
SEER3	Grupo Ser Educacional SA	0.2%	R$284.9K	Trimmed−R$1.5M	▲ 35.1%	Consumer Services