LEGACY CAPITAL MASTER

Multimercados Macro · CNPJ 29.236.556/0001-63 · benchmark DI de um dia

Portfolio as of September 2025

AUM

R$2.5B

In stocks

R$792.3M

Stocks

YTD

▲ 12.0%

12 months

▲ 16.5%

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

No complete previous month to compare

Stock	Company	% of stock portfolio	Value	Since then	Sector
EQTL3	Equatorial S.A.	26.3%	R$208.6M	▲ 34.2%	Utilities
BBSE3	BB Seguridade Participacoes SA	10.9%	R$86.3M	▲ 27.2%	Finance
PETR3	Petroleo Brasileiro SA	7.7%	R$60.9M	▲ 92.0%	Energy Minerals
AZZA3	Azzas 2154 SA	6.1%	R$48.6M	▼ 9.9%	Consumer Non-Durables
TOTS3	TOTVS S.A.	5.9%	R$46.4M	▼ 8.4%	Technology Services
VIVA3	Vivara Participacoes SA	5.4%	R$42.9M	▼ 3.3%	Consumer Durables
INTB3	Intelbras SA Industria de Telecomunicacao Eletronica Brasileir	5.3%	R$41.7M	▲ 67.9%	Technology Services
SBSP3	Companhia de Saneamento Basico do Estado de Sao Paulo SABESP	4.9%	R$38.6M	▲ 27.0%	Utilities
RAIL3	Rumo SA	3.3%	R$26.5M	▲ 20.9%	Transportation
MRVE3	MRV Engenharia e Participacoes S.A.	3.3%	R$25.9M	▲ 12.1%	Consumer Durables
ABEV3	Ambev SA	3.2%	R$25.6M	▲ 39.4%	Consumer Non-Durables
PRIO3	Prio SA	2.5%	R$19.9M	▲ 86.9%	Energy Minerals
ORVR3	Orizon Valorizacao de Residuos SA	1.8%	R$14.1M	▲ 47.4%	Utilities
ALPA4	Alpargatas SA	1.5%	R$11.6M	▲ 90.4%	Consumer Non-Durables
MOVI3	Movida Participacoes SA	1.3%	R$10.1M	▲ 122.8%	Finance
TIMS3	TIM S.A.	1.1%	R$8.7M	▼ 19.0%	Communications
ALOS3	Allos S.A.	1.0%	R$8.3M	▲ 38.2%	Finance
CURY3	Cury Construtora e Incorporadora SA	0.9%	R$7.5M	▼ 5.3%	Finance
MDIA3	M. Dias Branco SA Industria e Comercio de Alimentos	0.9%	R$7.2M	▼ 31.1%	Consumer Non-Durables
PETR4	Petroleo Brasileiro SA	0.7%	R$5.7M	▲ 85.0%	Energy Minerals
COGN3	Cogna Educacao S.A.	0.6%	R$4.8M	▲ 7.0%	Commercial Services
ITUB4	Itau Unibanco Holding SA	0.5%	R$4.3M	▲ 28.7%	Finance
GMAT3	Grupo Mateus SA	0.4%	R$2.9M	▼ 18.8%	Retail Trade
LAME4	–	0.4%	R$2.9M	–	Other
CVCB3	CVC Brasil Operadora e Agencia de Viagens SA	0.3%	R$2.4M	▼ 14.4%	Consumer Services
LWSA3	LWSA S.A.	0.3%	R$2.3M	▲ 21.6%	Technology Services
LREN3	Lojas Renner S.A.	0.3%	R$2.1M	▼ 1.3%	Retail Trade
RAIZ4	Raizen SA	0.3%	R$2.0M	▼ 59.8%	Retail Trade
BRAP3	Bradespar S.A.	0.2%	R$1.9M	▲ 17.3%	Finance
BRAV3	Brava Energia SA	0.2%	R$1.8M	▲ 16.6%	Energy Minerals
AURE3	Auren Energia SA	0.2%	R$1.2M	▲ 48.0%	Utilities
CEAB3	C&A Modas SA	0.1%	R$968.9K	▼ 12.9%	Retail Trade
CYRE3	Cyrela Brazil Realty SA Empreendimentos e Participacoes	0.1%	R$718.9K	▲ 33.3%	Finance
BEEF3	Minerva S.A.	0.1%	R$630.1K	▼ 35.9%	Distribution Services
ANIM3	Anima Holding SA	0.1%	R$600.0K	▲ 49.9%	Consumer Services
BBAS3	Banco do Brasil S.A.	0.1%	R$576.5K	▲ 9.6%	Finance
YDUQ3	YDUQS Participacoes SA	0.1%	R$498.8K	▲ 12.1%	Commercial Services
GGPS3	GPS Participacoes e Empreendimentos SA	0.1%	R$467.9K	▲ 3.7%	Commercial Services
PSSA3	Porto Seguro S.A.	0.1%	R$463.4K	▲ 5.5%	Finance
LAVV3	LAVVI Empreendimentos Imobiliarios SA	0.1%	R$463.1K	▲ 4.7%	Finance
BRSR6	Banco do Estado do Rio Grande do Sul SA	0.1%	R$460.3K	▲ 52.1%	Finance
JHSF3	JHSF Participacoes S.A.	0.1%	R$457.4K	▲ 119.3%	Finance
UGPA3	Ultrapar Participacoes S.A.	0.1%	R$455.1K	▲ 81.0%	Retail Trade
TTEN3	Tres Tentos Agroindustrial SA	0.1%	R$454.8K	▼ 0.4%	Commercial Services
CPLE6	–	0.1%	R$452.9K	–	Other
TGMA3	Tegma Gestao Logistica S.A.	0.1%	R$451.7K	▲ 45.2%	Transportation
ABCB4	Banco ABC Brasil SA Conv	0.1%	R$450.7K	▲ 28.4%	Finance
MDNE3	Moura Dubeux Engenharia SA	0.1%	R$449.8K	▲ 2.4%	Finance
NEOE3	–	0.1%	R$448.5K	–	Other
DIRR3	Direcional Engenharia S.A.	0.1%	R$447.1K	▼ 29.4%	Finance
CMIG4	Companhia Energetica de Minas Gerais SA	0.1%	R$445.4K	▲ 6.1%	Utilities
CPFE3	CPFL Energia S.A.	0.1%	R$439.7K	▲ 27.1%	Utilities
ECOR3	EcoRodovias Infraestrutura e Logistica S.A.	0.1%	R$437.7K	▲ 75.6%	Transportation
AESB3	–	0.1%	R$437.5K	–	Other
BBDC4	Banco Bradesco SA	0.1%	R$432.2K	▲ 16.9%	Finance
MILS3	Mills Locacao Servicos e Logistica S.A.	0.1%	R$432.1K	▲ 36.7%	Finance
MYPK3	Iochpe Maxion S.A.	0.1%	R$428.7K	▲ 1.3%	Producer Manufacturing
POMO4	Marcopolo SA	0.1%	R$427.8K	▼ 38.9%	Producer Manufacturing
LEVE3	Mahle-Metal Leve S.A.	0.1%	R$423.7K	▲ 42.2%	Producer Manufacturing
ODPV3	–	0.1%	R$421.1K	–	Other

Short positions

Borrowed shares the fund has to return