SAFRA KEPLER

Multimercados Livre · CNPJ 21.144.577/0001-47 · benchmark DI de um dia

Portfolio as of June 2026

AUM

R$189.6M

In stocks

R$96.3M

Stocks

YTD

▲ 13.4%

12 months

▲ 16.7%

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. May 2026

Stock	Company	% of stock portfolio	Value	Month	Since then	Sector
PRNR3	Priner Servicos Industriais SA	7.6%	R$7.3M	Held	▲ 18.4%	Industrial Services
PETR4	Petroleo Brasileiro SA	6.5%	R$6.3M	Held	▲ 54.0%	Energy Minerals
DESK3	Desktop SA	6.0%	R$5.8M	Held	▲ 8.0%	Communications
MDNE3	Moura Dubeux Engenharia SA	4.2%	R$4.0M	Held	▲ 4.6%	Finance
VALE3	Vale S.A.	4.2%	R$4.0M	Held	▼ 16.0%	Non-Energy Minerals
ABEV3	Ambev SA	4.1%	R$4.0M	Held	▲ 3.4%	Consumer Non-Durables
BBDC4	Banco Bradesco SA	3.3%	R$3.2M	Held	▲ 14.3%	Finance
BMOB3	Bemobi Mobile Tech SA	3.2%	R$3.1M	Held	▲ 42.1%	Technology Services
TEND3	Construtora Tenda SA	2.9%	R$2.8M	Held	▼ 21.8%	Finance
EQTL3	Equatorial S.A.	2.8%	R$2.7M	Held	▲ 27.3%	Utilities
DIRR3	Direcional Engenharia S.A.	2.6%	R$2.5M	Held	▼ 18.0%	Finance
ECOR3	EcoRodovias Infraestrutura e Logistica S.A.	2.4%	R$2.3M	Held	▲ 84.6%	Transportation
MULT3	Multiplan Empreendimentos Imobiliarios SA	2.3%	R$2.2M	Held	▲ 29.7%	Finance
EMBJ3	Embraer S.A.	2.1%	R$2.0M	Held	▲ 11.0%	Electronic Technology
ALOS3	Allos S.A.	2.0%	R$2.0M	Held	▲ 27.2%	Finance
VBBR3	Vibra Energia SA	2.0%	R$1.9M	Held	▲ 22.7%	Retail Trade
TOTS3	TOTVS S.A.	1.9%	R$1.9M	Held	▲ 46.6%	Technology Services
XPBR31	XP Inc.	1.9%	R$1.8M	Held	▲ 89.4%	BDR
CPLE3	Companhia Paranaense de Energia	1.5%	R$1.5M	Held	▲ 17.5%	Utilities
CURY3	Cury Construtora e Incorporadora SA	1.5%	R$1.5M	Held	▼ 6.6%	Finance
PRIO3	Prio SA	1.5%	R$1.5M	Held	▲ 36.6%	Energy Minerals
ITSA4	Itausa SA	1.5%	R$1.4M	Held	▲ 18.1%	Finance
PETR3	Petroleo Brasileiro SA	1.5%	R$1.4M	Held	▲ 55.2%	Energy Minerals
SBSP3	Companhia de Saneamento Basico do Estado de Sao Paulo SABESP	1.5%	R$1.4M	Held	▲ 9.8%	Utilities
MOTV3	Motiva Infraestrutura de Mobilidade SA	1.5%	R$1.4M	Held	▲ 39.5%	Transportation
RDOR3	Rede D'Or Sao Luiz SA	1.3%	R$1.2M	Held	▲ 27.0%	Health Services
CSAN3	Cosan S.A.	1.3%	R$1.2M	Held	▲ 42.4%	Utilities
ORVR3	Orizon Valorizacao de Residuos SA	1.3%	R$1.2M	Held	▲ 3.9%	Utilities
MOVI3	Movida Participacoes SA	1.2%	R$1.2M	Held	▲ 112.6%	Finance
BEEF3	Minerva S.A.	1.2%	R$1.2M	Held	▲ 16.7%	Distribution Services
TFCO4	Track & Field Co SA	1.2%	R$1.2M	Held	▼ 1.6%	Retail Trade
ENEV3	Eneva S.A.	1.2%	R$1.2M	Held	▲ 19.8%	Utilities
CBAV3	Companhia Brasileira de Aluminio	1.1%	R$1.1M	Held	▲ 4.6%	Non-Energy Minerals
AXIA6	–	1.1%	R$1.0M	Held	–	Other
AXIA7	AXIA Energia SA	1.0%	R$983.0K	Held	▲ 12.2%	Utilities
RENT3	Localiza Rent A Car SA	0.9%	R$886.6K	Held	▲ 27.3%	Finance
HAPV3	Hapvida Participacoes e Investimentos SA	0.9%	R$831.1K	Held	▼ 6.5%	Health Services
COGN3	Cogna Educacao S.A.	0.8%	R$796.5K	Held	▲ 44.4%	Commercial Services
RADL3	Raia Drogasil S.A.	0.8%	R$779.7K	Held	▲ 28.6%	Retail Trade
SAUD3	Bradsaude SA	0.8%	R$768.9K	Held	▲ 9.0%	Health Services
VAMO3	Vamos Locacao de Caminhoes, Maquinas e Equipamentos SA	0.8%	R$763.5K	Held	▲ 136.3%	Finance
JHSF3	JHSF Participacoes S.A.	0.8%	R$744.5K	Held	▲ 25.2%	Finance
AURA33	Aura Minerals Inc	0.7%	R$698.5K	Held	▲ 32.7%	BDR
B3SA3	B3 SA - Brasil, Bolsa, Balcao	0.7%	R$693.0K	Held	▲ 63.2%	Finance
CSMG3	Companhia de Saneamento de Minas Gerais	0.7%	R$669.4K	Held	▲ 6.0%	Utilities
NATU3	Natura Cosmeticos SA	0.7%	R$665.7K	Held	▼ 12.4%	Consumer Non-Durables
PASS3	Compass Gas e Energia SA	0.6%	R$575.6K	Held	▲ 15.9%	Utilities
JBSS32	JBS N.V.	0.6%	R$573.4K	Held	▲ 5.6%	BDR
AXIA3	AXIA Energia SA	0.5%	R$524.3K	Held	▲ 9.0%	Utilities
LREN3	Lojas Renner S.A.	0.5%	R$490.9K	Held	▲ 1.2%	Retail Trade
AURE3	Auren Energia SA	0.4%	R$408.2K	Held	▲ 31.0%	Utilities
BBDC3	Banco Bradesco SA	0.4%	R$396.8K	Held	▲ 15.6%	Finance
BBAS3	Banco do Brasil S.A.	0.4%	R$385.7K	Held	▲ 21.5%	Finance
CYRE3	Cyrela Brazil Realty SA Empreendimentos e Participacoes	0.4%	R$367.1K	Held	▲ 49.5%	Finance
YDUQ3	YDUQS Participacoes SA	0.4%	R$364.2K	Held	▲ 63.1%	Commercial Services
VIVA3	Vivara Participacoes SA	0.3%	R$327.6K	Held	▲ 20.8%	Consumer Durables
CVCB3	CVC Brasil Operadora e Agencia de Viagens SA	0.3%	R$282.0K	Held	▲ 22.8%	Consumer Services
RAIL3	Rumo SA	0.3%	R$260.7K	Held	▲ 43.7%	Transportation
SMFT3	Smartfit Escola de Ginastica e Danca SA	0.3%	R$249.5K	Held	▲ 30.3%	Consumer Services
GOAU4	Metalurgica Gerdau SA	0.2%	R$201.9K	Held	▲ 29.5%	Non-Energy Minerals

Short positions

Borrowed shares the fund has to return