ABSOLUTE PACE LONG BIASED MASTER

Ações Livre · CNPJ 32.071.783/0001-90 · benchmark Não se aplica

Portfolio as of March 2026

AUM

R$4.9B

In stocks

R$4.3B

Stocks

YTD

▲ 26.5%

12 months

▲ 33.8%

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
SBSP3	Companhia de Saneamento Basico do Estado de Sao Paulo SABESP	11.0%	R$475.6M	AddedR$150.7M	▲ 2.8%	Utilities
NEOE3	–	8.5%	R$369.4M	Held	–	Other
ENEV3	Eneva S.A.	6.9%	R$299.7M	AddedR$46.1M	▲ 30.4%	Utilities
RDOR3	Rede D'Or Sao Luiz SA	6.4%	R$276.1M	AddedR$90.8M	▲ 13.1%	Health Services
PRIO3	Prio SA	5.9%	R$254.4M	Trimmed−R$175.3M	▲ 7.6%	Energy Minerals
SMFT3	Smartfit Escola de Ginastica e Danca SA	5.1%	R$220.9M	AddedR$19.9M	▲ 33.9%	Consumer Services
AXIA6	–	4.9%	R$212.5M	AddedR$8.8M	–	Other
CPLE3	Companhia Paranaense de Energia	3.6%	R$157.1M	AddedR$4.2M	▲ 14.4%	Utilities
TOTS3	TOTVS S.A.	3.6%	R$154.7M	AddedR$83.3M	▲ 20.4%	Technology Services
MOTV3	Motiva Infraestrutura de Mobilidade SA	3.4%	R$149.4M	AddedR$41.4M	▲ 29.0%	Transportation
GGPS3	GPS Participacoes e Empreendimentos SA	3.3%	R$140.8M	AddedR$4.8M	▼ 2.2%	Commercial Services
ITSA4	Itausa SA	3.2%	R$138.6M	Trimmed−R$50.3M	▲ 13.0%	Finance
BBDC3	Banco Bradesco SA	3.0%	R$131.2M	Held	▲ 9.1%	Finance
VALE3	Vale S.A.	2.5%	R$107.0M	AddedR$88.0M	▼ 20.7%	Non-Energy Minerals
ALOS3	Allos S.A.	2.1%	R$91.4M	AddedR$61.1M	▲ 17.7%	Finance
BBDC4	Banco Bradesco SA	2.1%	R$90.3M	AddedR$88.9M	▲ 7.9%	Finance
NATU3	Natura Cosmeticos SA	1.8%	R$76.0M	AddedR$33.9M	▼ 26.7%	Consumer Non-Durables
RAIL3	Rumo SA	1.7%	R$71.5M	Trimmed−R$32.4M	▲ 18.8%	Transportation
PLPL3	Plano & Plano Desenvolvimento Imobiliario Ltda	1.6%	R$71.0M	AddedR$7.2M	▼ 39.3%	Finance
CYRE4	Cyrela Brazil Realty SA Empreendimentos e Participacoes	1.6%	R$69.0M	AddedR$68.8M	▲ 29.2%	Finance
IRBR3	IRB Brasil Resseguros SA	1.6%	R$67.4M	AddedR$29.0M	▲ 27.9%	Finance
PRNR3	Priner Servicos Industriais SA	1.5%	R$65.7M	AddedR$4.8M	▲ 5.7%	Industrial Services
IGTI11	Iguatemi SA	1.1%	R$48.9M	AddedR$48.9M	▲ 16.0%	Finance
WEGE3	WEG SA	1.1%	R$46.6M	AddedR$34.0M	▼ 4.4%	Producer Manufacturing
AXIA7	AXIA Energia SA	1.1%	R$46.2M	AddedR$8.5M	▲ 5.0%	Utilities
MULT3	Multiplan Empreendimentos Imobiliarios SA	1.0%	R$44.0M	AddedR$33.7M	▲ 19.3%	Finance
POMO4	Marcopolo SA	1.0%	R$42.0M	Held	▼ 20.2%	Producer Manufacturing
CBAV3	Companhia Brasileira de Aluminio	0.8%	R$35.0M	AddedR$22.8M	▲ 7.3%	Non-Energy Minerals
CVCB3	CVC Brasil Operadora e Agencia de Viagens SA	0.8%	R$34.6M	Trimmed−R$3.7M	▼ 15.7%	Consumer Services
INTB3	Intelbras SA Industria de Telecomunicacao Eletronica Brasileir	0.8%	R$33.7M	New	▲ 35.0%	Technology Services
VBBR3	Vibra Energia SA	0.7%	R$32.3M	AddedR$18.7M	▲ 16.0%	Retail Trade
EQTL3	Equatorial S.A.	0.6%	R$27.3M	Trimmed−R$1.9M	▲ 21.6%	Utilities
ITUB4	Itau Unibanco Holding SA	0.6%	R$25.3M	New	▲ 12.2%	Finance
CSMG3	Companhia de Saneamento de Minas Gerais	0.5%	R$22.6M	AddedR$20.3M	▲ 10.1%	Utilities
ALUP11	Alupar Investimento SA	0.4%	R$19.3M	New	▲ 9.4%	Utilities
CYRE3	Cyrela Brazil Realty SA Empreendimentos e Participacoes	0.4%	R$15.8M	Trimmed−R$25.0M	▲ 26.0%	Finance
VULC3	Vulcabras SA	0.3%	R$15.0M	Held	▼ 6.2%	Consumer Non-Durables
LREN3	Lojas Renner S.A.	0.3%	R$13.2M	AddedR$5.7M	▼ 0.2%	Retail Trade
ENGI11	Energisa SA	0.3%	R$12.1M	New	▲ 28.7%	Utilities
ECOR3	EcoRodovias Infraestrutura e Logistica S.A.	0.3%	R$11.6M	Trimmed−R$398.9K	▲ 63.1%	Transportation
ANIM3	Anima Holding SA	0.3%	R$11.6M	Trimmed−R$1.6M	▲ 19.5%	Consumer Services
DXCO3	Dexco SA	0.3%	R$11.5M	Trimmed−R$6.7M	▲ 75.6%	Producer Manufacturing
ABEV3	Ambev SA	0.3%	R$11.1M	Trimmed−R$80.2M	▲ 10.5%	Consumer Non-Durables
ODPV3	–	0.2%	R$10.1M	AddedR$10.0M	–	Other
B3SA3	B3 SA - Brasil, Bolsa, Balcao	0.2%	R$9.4M	New	▲ 28.9%	Finance
RENT3	Localiza Rent A Car SA	0.2%	R$7.2M	AddedR$6.1M	▲ 12.5%	Finance
KEPL3	Kepler Weber SA	0.1%	R$6.3M	New	▼ 3.0%	Producer Manufacturing
VIVA3	Vivara Participacoes SA	0.1%	R$5.4M	Trimmed−R$4.5M	▲ 6.6%	Consumer Durables
QUAL3	Qualicorp Consultoria e Corretora de Seguros S.A.	0.1%	R$4.4M	AddedR$2.0M	▲ 3.8%	Health Services
MELI34	MercadoLibre, Inc.	0.1%	R$4.0M	Held	▲ 5.6%	BDR
CSAN3	Cosan S.A.	0.1%	R$3.8M	AddedR$2.5M	▼ 2.0%	Utilities
CEAB3	C&A Modas SA	0.1%	R$3.4M	AddedR$1.7M	▲ 17.9%	Retail Trade
STOC34	StoneCo Ltd.	0.1%	R$3.4M	AddedR$2.0M	▼ 17.3%	BDR
AZZA3	Azzas 2154 SA	0.1%	R$2.5M	AddedR$2.5M	▲ 5.7%	Consumer Non-Durables
BBAS3	Banco do Brasil S.A.	0.1%	R$2.3M	AddedR$978.6K	▲ 5.2%	Finance
MBRF3	MBRF Global Foods Company S.A.	0.1%	R$2.2M	Trimmed−R$12.5M	▼ 14.3%	Consumer Non-Durables
FLRY3	Fleury SA	0.0%	R$1.8M	New	▲ 77.0%	Health Services
XPBR31	XP Inc.	0.0%	R$1.7M	AddedR$1.7M	▲ 62.5%	BDR
COCE5	Companhia Energetica do Ceara-COELCE	0.0%	R$1.7M	Held	▲ 21.0%	Utilities
DIRR3	Direcional Engenharia S.A.	0.0%	R$1.6M	AddedR$679.2K	▼ 14.1%	Finance

Exited this month

Short positions

Borrowed shares the fund has to return