BRAM QAA HEDGE FI FINANCEIRO - CI MULT - RESP LIMITADA
Multimercados Livre · CNPJ 30.378.610/0001-94 · benchmark DI de um dia
Portfolio as of November 2025
AUM
R$146.1M
In stocks
R$9.0M
Stocks
54
YTD
▲ 11.4%
12 months
▲ 15.5%
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
Changes vs. October 2025
| Stock | Company | % of stock portfolio | Value | Month | Since then | Sector |
|---|---|---|---|---|---|---|
 COGN3 | Cogna Educacao S.A. | 5.3% | R$475.4K | AddedR$101.6K | ▼ 8.3% | Commercial Services |
 ISAE4 | Isa Energia Brasil SA | 4.8% | R$428.0K | Held | ▲ 4.5% | Utilities |
 GOAU4 | Metalurgica Gerdau SA | 4.5% | R$403.2K | AddedR$243.0K | ▲ 44.6% | Non-Energy Minerals |
 YDUQ3 | YDUQS Participacoes SA | 4.1% | R$365.6K | AddedR$198.7K | ▲ 6.4% | Commercial Services |
 SMFT3 | Smartfit Escola de Ginastica e Danca SA | 3.7% | R$337.8K | Held | ▼ 2.3% | Consumer Services |
 GRND3 | Grendene S.A. | 3.5% | R$311.3K | AddedR$103.8K | ▼ 2.0% | Consumer Non-Durables |
 MULT3 | Multiplan Empreendimentos Imobiliarios SA | 3.4% | R$305.9K | AddedR$27.0K | ▲ 25.9% | Finance |
 PRIO3 | Prio SA | 3.3% | R$301.4K | Trimmed−R$64.3K | ▲ 91.5% | Energy Minerals |
 BRSR6 | Banco do Estado do Rio Grande do Sul SA | 3.2% | R$291.0K | AddedR$61.5K | ▲ 24.3% | Finance |
 BBSE3 | BB Seguridade Participacoes SA | 3.2% | R$284.9K | Held | ▲ 24.0% | Finance |
 JALL3 | Jalles Machado SA | 3.0% | R$269.2K | AddedR$123.9K | ▲ 4.8% | Process Industries |
 VIVT3 | Telefonica Brasil S.A. | 2.9% | R$262.7K | Trimmed−R$34.7K | ▼ 9.1% | Communications |
 SAPR4 | Companhia de Saneamento do Parana - Sanepar | 2.7% | R$244.5K | Trimmed−R$53.5K | ▲ 7.9% | Utilities |
 ABCB4 | Banco ABC Brasil SA Conv | 2.7% | R$240.3K | AddedR$81.0K | ▲ 22.1% | Finance |
 PORT3 | – | 2.7% | R$240.3K | AddedR$78.8K | – | Other |
 ALOS3 | Allos S.A. | 2.5% | R$229.7K | AddedR$144.0K | ▲ 25.9% | Finance |
 KLBN4 | Klabin SA | 2.5% | R$221.1K | AddedR$23.9K | ▲ 3.7% | Non-Energy Minerals |
 GGPS3 | GPS Participacoes e Empreendimentos SA | 2.3% | R$208.9K | AddedR$126.8K | ▼ 1.5% | Commercial Services |
 EQTL3 | Equatorial S.A. | 2.3% | R$205.4K | Trimmed−R$70.4K | ▲ 24.7% | Utilities |
 PNVL3 | Dimed S.A. Distribuidora de Medicamentos | 2.3% | R$203.3K | Trimmed−R$122.1K | ▲ 57.3% | Retail Trade |
 AURE3 | Auren Energia SA | 2.1% | R$192.4K | AddedR$21.5K | ▲ 23.9% | Utilities |
 GMAT3 | Grupo Mateus SA | 2.1% | R$191.3K | AddedR$22.6K | ▲ 10.6% | Retail Trade |
 TOTS3 | TOTVS S.A. | 2.1% | R$186.3K | AddedR$106.1K | ▼ 1.7% | Technology Services |
 MOVI3 | Movida Participacoes SA | 2.1% | R$185.4K | AddedR$127.0K | ▲ 70.2% | Finance |
 SBFG3 | Grupo SBF S.A. | 1.6% | R$142.9K | AddedR$77.5K | ▼ 19.0% | Retail Trade |
 VAMO3 | Vamos Locacao de Caminhoes, Maquinas e Equipamentos SA | 1.6% | R$140.3K | AddedR$16.9K | ▲ 73.4% | Finance |
 CSMG3 | Companhia de Saneamento de Minas Gerais | 1.5% | R$134.4K | AddedR$18.2K | ▲ 52.7% | Utilities |
 RDOR3 | Rede D'Or Sao Luiz SA | 1.5% | R$133.0K | AddedR$5.8K | ▼ 5.4% | Health Services |
 BPAN4 | – | 1.4% | R$130.3K | New | – | Other |
 POMO4 | Marcopolo SA | 1.4% | R$130.0K | Held | ▼ 15.8% | Producer Manufacturing |
 SUZB3 | Suzano S.A. | 1.4% | R$126.8K | AddedR$122.9K | ▼ 10.9% | Process Industries |
 MYPK3 | Iochpe Maxion S.A. | 1.4% | R$126.6K | Trimmed−R$114.3K | ▲ 17.2% | Producer Manufacturing |
 FRAS3 | Frasle Mobility S.A. | 1.4% | R$122.8K | New | ▲ 16.3% | Producer Manufacturing |
 TUPY3 | Tupy S.A. | 1.3% | R$120.4K | Trimmed−R$37.6K | ▲ 63.9% | Producer Manufacturing |
 ENEV3 | Eneva S.A. | 1.3% | R$119.2K | New | ▲ 61.0% | Utilities |
 GGBR4 | Gerdau S.A. | 1.3% | R$113.0K | Trimmed−R$18.6K | ▲ 37.9% | Non-Energy Minerals |
 CSED3 | Cruzeiro do Sul Educacional SA | 1.1% | R$99.1K | New | ▲ 13.8% | Consumer Services |
 VLID3 | Valid Solucoes SA | 1.1% | R$95.8K | Trimmed−R$4.9K | ▼ 13.8% | Commercial Services |
 HYPE3 | Hypera S.A. | 1.0% | R$94.3K | Trimmed−R$155.2K | ▲ 1.7% | Health Technology |
 RANI3 | Irani Papel e Embalagem SA | 1.0% | R$93.6K | Trimmed−R$120.7K | ▼ 5.2% | Process Industries |
 BRAV3 | Brava Energia SA | 0.7% | R$66.5K | New | ▲ 53.7% | Energy Minerals |
 PGMN3 | Empreendimentos Pague Menos SA | 0.7% | R$63.7K | Trimmed−R$24.5K | ▼ 3.2% | Retail Trade |
 CURY3 | Cury Construtora e Incorporadora SA | 0.7% | R$59.9K | Trimmed−R$94.3K | ▼ 14.6% | Finance |
 MOTV3 | Motiva Infraestrutura de Mobilidade SA | 0.6% | R$58.2K | Held | ▲ 27.7% | Transportation |
 BEEF3 | Minerva S.A. | 0.6% | R$52.3K | Trimmed−R$53.3K | ▼ 30.5% | Distribution Services |
 MDIA3 | M. Dias Branco SA Industria e Comercio de Alimentos | 0.6% | R$49.9K | AddedR$27.9K | ▼ 23.2% | Consumer Non-Durables |
 HAPV3 | Hapvida Participacoes e Investimentos SA | 0.5% | R$46.4K | New | ▼ 32.3% | Health Services |
 SIMH3 | Simpar SA | 0.3% | R$30.0K | Held | ▲ 30.9% | Transportation |
 LEVE3 | Mahle-Metal Leve S.A. | 0.3% | R$29.7K | Trimmed−R$89.0K | ▲ 17.2% | Producer Manufacturing |
 ABEV3 | Ambev SA | 0.2% | R$15.6K | Held | ▲ 21.6% | Consumer Non-Durables |
 FLRY3 | Fleury SA | 0.1% | R$12.0K | Trimmed−R$156.4K | ▲ 75.7% | Health Services |
 AMOB3 | Automob Participacoes S.A | 0.1% | R$11.3K | Trimmed−R$22.6K | ▲ 30.5% | Retail Trade |
 USIM5 | Usinas Siderurgicas de Minas Gerais SA-Usiminas | 0.1% | R$5.9K | Trimmed−R$86.2K | ▲ 25.3% | Non-Energy Minerals |
 VBBR3 | Vibra Energia SA | 0.0% | R$124.4 | New | ▲ 47.4% | Retail Trade |
Short positions
Borrowed shares the fund has to return
BRAP4R$504.8K
EGIE3R$501.5K
UGPA3R$497.4K
LOGG3R$494.9K
LOGN3R$398.4K
MATD3R$364.5K
AZZA3R$288.5K
ITUB4R$287.8K
TTEN3R$269.1K
CMIG4R$266.7K
MILS3R$266.6K
ALUP11R$266.2K
BBAS3R$259.8K
RECV3R$252.8K
CBAV3R$241.0K
VULC3R$237.7K
VALE3R$230.7K
HBSA3R$228.2K
IRBR3R$216.1K
LIGT3R$216.0K
RADL3R$213.9K
BPAC11R$200.2K
VIVA3R$178.8K
TIMS3R$177.8K
MRVE3R$157.5K
ORVR3R$139.6K
MBRF3R$132.3K
GUAR3R$129.7K
WEGE3R$129.2K
SMTO3R$124.6K