MINERVA
Multimercados Invest. no Exterior · CNPJ 34.172.479/0001-65 · benchmark Não se aplica
Portfolio as of February 2026
AUM
R$121.0M
In stocks
R$169.8M
Stocks
17
YTD
▼ 28.2%
12 months
▼ 22.0%
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. January 2026
| Stock | Company | % of stock portfolio | Value | Month | Since then | Sector |
|---|---|---|---|---|---|---|
 ITSA4 | Itausa SA | 22.6% | R$38.5M | Held | ▲ 10.7% | Finance |
 ITUB3 | Itau Unibanco Holding S.A. | 15.6% | R$26.5M | Trimmed−R$15.2M | ▲ 21.2% | Finance |
 EVEN3 | Even Construtora E Incorporadora S.A. | 12.5% | R$21.3M | Held | ▼ 30.4% | Finance |
 USIM5 | Usinas Siderurgicas de Minas Gerais SA-Usiminas | 8.4% | R$14.3M | Held | ▼ 4.1% | Non-Energy Minerals |
 CAML3 | Camil Alimentos SA | 8.0% | R$13.6M | Held | ▼ 0.9% | Process Industries |
 GOAU4 | Metalurgica Gerdau SA | 7.4% | R$12.6M | Held | ▲ 27.7% | Non-Energy Minerals |
 BRAV3 | Brava Energia SA | 7.4% | R$12.5M | Held | ▲ 12.5% | Energy Minerals |
 SOJA3 | Boa Safra Sementes SA | 5.0% | R$8.6M | Held | ▲ 3.9% | Process Industries |
 SUZB3 | Suzano S.A. | 4.8% | R$8.1M | Held | ▼ 26.9% | Process Industries |
 JBSS32 | JBS N.V. | 2.5% | R$4.3M | Held | ▼ 25.0% | BDR |
 AXIA3 | AXIA Energia SA | 1.8% | R$3.1M | Trimmed−R$3.1M | ▼ 3.3% | Utilities |
 RAPT4 | Randoncorp S.A. | 1.2% | R$2.0M | Held | ▲ 23.0% | Producer Manufacturing |
 AXIA7 | AXIA Energia SA | 0.9% | R$1.6M | Held | ▲ 0.7% | Utilities |
 AZZA3 | Azzas 2154 SA | 0.8% | R$1.3M | Held | ▲ 3.8% | Consumer Non-Durables |
 SLCE3 | SLC Agricola S.A. | 0.5% | R$875.1K | Held | ▲ 3.6% | Process Industries |
 GRND3 | Grendene S.A. | 0.3% | R$462.3K | AddedR$462.1K | ▼ 5.3% | Consumer Non-Durables |
 DESK3 | Desktop SA | 0.1% | R$213.2K | Held | ▲ 46.4% | Communications |
Short positions
Borrowed shares the fund has to return
