STRATEGY MASTER

Multimercados Macro · CNPJ 30.057.274/0001-88 · benchmark DI de um dia

Portfolio as of April 2025

AUM

R$67.9M

In stocks

R$6.3M

Stocks

YTD

▲ 2.1%

12 months

▲ 1.9%

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. March 2025

Stock	Company	% of stock portfolio	Value	Month	Since then	Sector
PSSA3	Porto Seguro S.A.	5.0%	R$312.3K	Trimmed−R$52.8K	▲ 19.6%	Finance
CMIG4	Companhia Energetica de Minas Gerais SA	4.8%	R$300.0K	AddedR$135.8K	▲ 8.0%	Utilities
ABCB4	Banco ABC Brasil SA Conv	4.7%	R$293.0K	Trimmed−R$89.0K	▲ 37.6%	Finance
JBSS3	–	4.5%	R$282.1K	Trimmed−R$57.3K	–	Other
MYPK3	Iochpe Maxion S.A.	4.3%	R$271.0K	AddedR$130.6K	▼ 2.0%	Producer Manufacturing
TTEN3	Tres Tentos Agroindustrial SA	4.1%	R$259.2K	AddedR$166.9K	▼ 14.0%	Commercial Services
BBAS3	Banco do Brasil S.A.	4.0%	R$248.8K	Trimmed−R$31.8K	▼ 16.3%	Finance
TGMA3	Tegma Gestao Logistica S.A.	3.8%	R$235.4K	AddedR$35.7K	▲ 41.4%	Transportation
CXSE3	Caixa Seguridade Participacoes SA	3.3%	R$209.4K	Trimmed−R$6.5K	▲ 30.1%	Finance
POMO4	Marcopolo SA	3.0%	R$189.4K	AddedR$83.8K	▼ 22.7%	Producer Manufacturing
BRFS3	–	2.8%	R$177.1K	Trimmed−R$31.8K	–	Other
VLID3	Valid Solucoes SA	2.7%	R$170.8K	AddedR$96.5K	▼ 17.8%	Commercial Services
JHSF3	JHSF Participacoes S.A.	2.6%	R$165.7K	Trimmed−R$4.1K	▲ 176.6%	Finance
BBSE3	BB Seguridade Participacoes SA	2.5%	R$154.0K	Trimmed−R$72.7K	▼ 1.1%	Finance
ITUB4	Itau Unibanco Holding SA	2.3%	R$145.9K	Trimmed−R$42.0K	▲ 41.3%	Finance
VBBR3	Vibra Energia SA	2.2%	R$141.0K	Held	▲ 109.0%	Retail Trade
PGMN3	Empreendimentos Pague Menos SA	2.2%	R$139.3K	AddedR$26.4K	▲ 72.7%	Retail Trade
GUAR3	–	2.2%	R$135.9K	AddedR$43.1K	–	Other
NEOE3	–	1.9%	R$116.8K	Trimmed−R$100.8K	–	Other
CEAB3	C&A Modas SA	1.8%	R$115.8K	AddedR$16.0K	▲ 7.2%	Retail Trade
MRFG3	–	1.8%	R$113.8K	AddedR$27.9K	–	Other
LAVV3	LAVVI Empreendimentos Imobiliarios SA	1.8%	R$113.8K	New	▲ 49.6%	Finance
GOAU4	Metalurgica Gerdau SA	1.8%	R$112.7K	AddedR$6.7K	▲ 89.1%	Non-Energy Minerals
RAPT4	Randoncorp S.A.	1.7%	R$106.7K	AddedR$52.9K	▼ 8.9%	Producer Manufacturing
IRBR3	IRB Brasil Resseguros SA	1.7%	R$105.2K	New	▲ 46.0%	Finance
ECOR3	EcoRodovias Infraestrutura e Logistica S.A.	1.6%	R$99.8K	New	▲ 108.0%	Transportation
ISAE4	Isa Energia Brasil SA	1.6%	R$98.4K	New	▲ 21.3%	Utilities
UNIP6	Unipar Carbocloro SA	1.6%	R$98.2K	New	▲ 13.6%	Process Industries
SMTO3	Sao Martinho S.A.	1.6%	R$97.6K	New	▲ 9.0%	Process Industries
LIGT3	Light S.A.	1.5%	R$96.0K	New	▼ 24.4%	Utilities
VULC3	Vulcabras SA	1.4%	R$89.0K	Trimmed−R$8.4K	▼ 2.1%	Consumer Non-Durables
LOGG3	Log Commercial Properties e Participacoes SA	1.4%	R$88.2K	New	▲ 45.2%	Industrial Services
SUZB3	Suzano S.A.	1.4%	R$85.1K	Trimmed−R$110.2K	▼ 15.3%	Process Industries
BRSR6	Banco do Estado do Rio Grande do Sul SA	1.4%	R$85.1K	New	▲ 58.1%	Finance
ODPV3	–	1.3%	R$81.2K	Trimmed−R$28.8K	–	Other
SBSP3	Companhia de Saneamento Basico do Estado de Sao Paulo SABESP	1.3%	R$79.7K	New	▲ 47.4%	Utilities
CPFE3	CPFL Energia S.A.	1.2%	R$72.6K	New	▲ 31.1%	Utilities
UGPA3	Ultrapar Participacoes S.A.	1.1%	R$71.3K	Trimmed−R$10.7K	▲ 123.1%	Retail Trade
ELMD3	–	1.1%	R$70.3K	New	–	Other
PLPL3	Plano & Plano Desenvolvimento Imobiliario Ltda	1.1%	R$68.9K	Trimmed−R$32.7K	▼ 30.7%	Finance
GGBR4	Gerdau S.A.	1.1%	R$67.5K	AddedR$3.0K	▲ 75.1%	Non-Energy Minerals
CURY3	Cury Construtora e Incorporadora SA	1.1%	R$66.1K	New	▲ 18.9%	Finance
BLAU3	Blau Farmaceutica SA	1.0%	R$63.3K	New	▲ 28.4%	Health Technology
BRAP4	Bradespar SA	1.0%	R$59.9K	AddedR$3.2K	▲ 23.8%	Finance
AGRO3	BrasilAgro Cia Brasileira de Propriedades Agricolas	0.9%	R$59.3K	New	▼ 11.9%	Finance
EMBR3	–	0.9%	R$58.4K	New	–	Other

Exited this month

Short positions

Borrowed shares the fund has to return