REAL CAPITAL PARTNERS MASTER

Ações Livre · CNPJ 41.255.062/0001-21 · benchmark Não se aplica

Portfolio as of March 2026

AUM

R$121.9M

In stocks

R$151.0M

Stocks

YTD

▲ 17.6%

12 months

▲ 26.2%

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. February 2026

Stock	Company	% of stock portfolio	Value	Month	Since then	Sector
ROXO34	Nu Holdings Ltd.	7.8%	R$11.7M	AddedR$917.6K	▲ 2.2%	BDR
EQTL3	Equatorial S.A.	7.1%	R$10.7M	Trimmed−R$583.0K	▲ 21.6%	Utilities
RDOR3	Rede D'Or Sao Luiz SA	6.0%	R$9.1M	AddedR$693.7K	▲ 13.1%	Health Services
TTEN3	Tres Tentos Agroindustrial SA	5.1%	R$7.6M	Trimmed−R$347.2K	▼ 12.9%	Commercial Services
CPLE3	Companhia Paranaense de Energia	5.0%	R$7.5M	Trimmed−R$1.2M	▲ 14.4%	Utilities
VALE3	Vale S.A.	4.8%	R$7.3M	AddedR$6.8M	▼ 20.7%	Non-Energy Minerals
ITUB4	Itau Unibanco Holding SA	4.6%	R$6.9M	AddedR$1.3M	▲ 12.2%	Finance
MOVI3	Movida Participacoes SA	3.8%	R$5.8M	AddedR$2.2M	▲ 54.6%	Finance
DIRR3	Direcional Engenharia S.A.	3.6%	R$5.5M	AddedR$1.2M	▼ 14.1%	Finance
SBSP3	Companhia de Saneamento Basico do Estado de Sao Paulo SABESP	3.5%	R$5.3M	AddedR$357.1K	▲ 2.8%	Utilities
TEND3	Construtora Tenda SA	3.5%	R$5.3M	Trimmed−R$427.4K	▼ 8.3%	Finance
AXIA6	–	3.3%	R$5.0M	Trimmed−R$1.2M	–	Other
ALOS3	Allos S.A.	2.8%	R$4.2M	AddedR$1.6M	▲ 17.7%	Finance
TFCO4	Track & Field Co SA	2.7%	R$4.1M	Trimmed−R$437.1K	▼ 9.9%	Retail Trade
MELI34	MercadoLibre, Inc.	2.7%	R$4.1M	AddedR$148.4K	▲ 5.6%	BDR
VBBR3	Vibra Energia SA	2.7%	R$4.0M	Trimmed−R$2.4M	▲ 16.0%	Retail Trade
VTRU3	Vitru Educacao SA	2.7%	R$4.0M	AddedR$957.6K	▲ 51.5%	Commercial Services
ENEV3	Eneva S.A.	2.6%	R$4.0M	AddedR$3.8M	▲ 30.4%	Utilities
VIVA3	Vivara Participacoes SA	2.5%	R$3.8M	Trimmed−R$196.9K	▲ 6.6%	Consumer Durables
VAMO3	Vamos Locacao de Caminhoes, Maquinas e Equipamentos SA	2.5%	R$3.7M	AddedR$113.8K	▲ 78.5%	Finance
PNVL3	Dimed S.A. Distribuidora de Medicamentos	2.5%	R$3.7M	AddedR$360.0K	▲ 11.4%	Retail Trade
SMTO3	Sao Martinho S.A.	2.2%	R$3.3M	New	▲ 0.3%	Process Industries
ANIM3	Anima Holding SA	1.2%	R$1.9M	AddedR$1.2M	▲ 19.5%	Consumer Services
STOC34	StoneCo Ltd.	1.2%	R$1.8M	AddedR$293.6K	▼ 17.3%	BDR
TUPY3	Tupy S.A.	1.1%	R$1.7M	AddedR$1.6M	▲ 51.6%	Producer Manufacturing
MDNE3	Moura Dubeux Engenharia SA	1.1%	R$1.6M	AddedR$838.5K	▼ 5.0%	Finance
AXIA7	AXIA Energia SA	0.9%	R$1.4M	Held	▲ 5.0%	Utilities
PINE4	Banco PINE S.A.	0.9%	R$1.4M	New	▲ 26.1%	Finance
PRIO3	Prio SA	0.8%	R$1.3M	Trimmed−R$10.6M	▲ 7.6%	Energy Minerals
AURA33	Aura Minerals Inc	0.8%	R$1.2M	Trimmed−R$2.3M	▲ 1.4%	BDR
JHSF3	JHSF Participacoes S.A.	0.7%	R$1.1M	Trimmed−R$311.5K	▲ 53.1%	Finance
ECOR3	EcoRodovias Infraestrutura e Logistica S.A.	0.6%	R$965.2K	Trimmed−R$400.4K	▲ 63.1%	Transportation
ABCB4	Banco ABC Brasil SA Conv	0.5%	R$812.8K	Trimmed−R$48.3K	▲ 17.5%	Finance
ISAE4	Isa Energia Brasil SA	0.5%	R$785.4K	Trimmed−R$154.2K	▲ 0.0%	Utilities
CSMG3	Companhia de Saneamento de Minas Gerais	0.5%	R$755.9K	Trimmed−R$167.3K	▲ 10.1%	Utilities
RECV3	Petroreconcavo SA	0.5%	R$728.2K	AddedR$484.0K	▼ 9.2%	Energy Minerals
CYRE3	Cyrela Brazil Realty SA Empreendimentos e Participacoes	0.4%	R$650.2K	Trimmed−R$355.2K	▲ 26.0%	Finance
UGPA3	Ultrapar Participacoes S.A.	0.4%	R$591.6K	Trimmed−R$34.5K	▲ 38.5%	Retail Trade
LEVE3	Mahle-Metal Leve S.A.	0.4%	R$535.3K	AddedR$77.0K	▲ 11.0%	Producer Manufacturing
BBAS3	Banco do Brasil S.A.	0.3%	R$524.4K	AddedR$489.9K	▲ 5.2%	Finance
RIAA3	RIACHUELO	0.3%	R$518.9K	Trimmed−R$62.3K	▲ 20.4%	Distribution Services
GRND3	Grendene S.A.	0.3%	R$478.7K	Trimmed−R$121.8K	▲ 1.9%	Consumer Non-Durables
AXIA3	AXIA Energia SA	0.3%	R$450.9K	Held	▲ 1.2%	Utilities
VULC3	Vulcabras SA	0.2%	R$353.9K	Trimmed−R$92.9K	▼ 6.2%	Consumer Non-Durables
ALPA4	Alpargatas SA	0.2%	R$336.0K	Trimmed−R$145.1K	▲ 44.7%	Consumer Non-Durables
HAPV3	Hapvida Participacoes e Investimentos SA	0.2%	R$310.5K	New	▼ 5.4%	Health Services
BBSE3	BB Seguridade Participacoes SA	0.1%	R$226.3K	AddedR$153.2K	▲ 21.5%	Finance
SLCE3	SLC Agricola S.A.	0.1%	R$190.8K	New	▼ 8.7%	Process Industries
JBSS32	JBS N.V.	0.1%	R$148.8K	Trimmed−R$120.9K	▼ 30.9%	BDR
BBDC4	Banco Bradesco SA	0.1%	R$145.7K	Trimmed−R$1.2M	▲ 7.9%	Finance
B3SA3	B3 SA - Brasil, Bolsa, Balcao	0.1%	R$125.1K	AddedR$95.7K	▲ 28.9%	Finance
CEAB3	C&A Modas SA	0.1%	R$117.4K	Trimmed−R$156.1K	▲ 17.9%	Retail Trade
MULT3	Multiplan Empreendimentos Imobiliarios SA	0.1%	R$111.3K	New	▲ 19.3%	Finance
CXSE3	Caixa Seguridade Participacoes SA	0.1%	R$97.3K	AddedR$44.0K	▲ 16.0%	Finance
AZZA3	Azzas 2154 SA	0.1%	R$91.0K	AddedR$85.8K	▲ 5.7%	Consumer Non-Durables
MGLU3	Magazine Luiza S.A.	0.1%	R$86.8K	Trimmed−R$118.4K	▲ 54.8%	Retail Trade
NATU3	Natura Cosmeticos SA	0.1%	R$84.6K	New	▼ 26.7%	Consumer Non-Durables
SUZB3	Suzano S.A.	0.1%	R$83.0K	New	▼ 18.3%	Process Industries
BRSR6	Banco do Estado do Rio Grande do Sul SA	0.1%	R$77.6K	Trimmed−R$1.4M	▲ 5.4%	Finance
TOTS3	TOTVS S.A.	0.0%	R$73.4K	New	▲ 20.4%	Technology Services