ARMOR AXE MASTER
Multimercados Livre · CNPJ 37.953.365/0001-40
Portfolio as of January 2026
AUM
R$1.4B
In stocks
R$76.6M
Stocks
11
YTD
▲ 12.0%
12 months
▲ 16.2%
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. December 2025
| Stock | Company | % of stock portfolio | Value | Month | Since then | Sector |
|---|---|---|---|---|---|---|
 VALE3 | Vale S.A. | 29.4% | R$22.6M | AddedR$5.4M | ▼ 22.4% | Non-Energy Minerals |
 ITUB4 | Itau Unibanco Holding SA | 19.6% | R$15.0M | AddedR$860.0K | ▲ 7.3% | Finance |
 CTGP34 | Citigroup Inc. | 11.6% | R$8.9M | Trimmed−R$4.8M | ▲ 1.0% | BDR |
 AXIA3 | AXIA Energia SA | 9.7% | R$7.4M | Trimmed−R$4.6M | ▲ 9.0% | Utilities |
 GGBR4 | Gerdau S.A. | 7.1% | R$5.5M | Trimmed−R$1.0M | ▲ 17.1% | Non-Energy Minerals |
 SUZB3 | Suzano S.A. | 6.4% | R$4.9M | Trimmed−R$769.5K | ▼ 14.0% | Process Industries |
 AXIA7 | AXIA Energia SA | 3.7% | R$2.9M | Held | ▲ 12.6% | Utilities |
 ABEV3 | Ambev SA | 3.5% | R$2.7M | Trimmed−R$7.4M | ▲ 13.5% | Consumer Non-Durables |
 MELI34 | MercadoLibre, Inc. | 3.5% | R$2.7M | Trimmed−R$562.3K | ▼ 17.3% | BDR |
 WEGE3 | WEG SA | 2.8% | R$2.1M | Held | ▼ 5.7% | Producer Manufacturing |
 PETR4 | Petroleo Brasileiro SA | 2.6% | R$2.0M | Trimmed−R$9.5M | ▲ 54.2% | Energy Minerals |
Exited this month
Short positions
Borrowed shares the fund has to return