VISTA HEDGE MASTER
Multimercados Livre · CNPJ 41.373.649/0001-35
Portfolio as of November 2025
AUM
R$129.1M
In stocks
R$111.6M
Stocks
25
YTD
▼ 7.0%
12 months
▼ 5.6%
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 |
|---|---|---|---|---|---|---|
 ITSA4 | Itausa SA | 30.5% | R$34.0M | Trimmed−R$1.1M | ▲ 28.1% | Finance |
 ORVR3 | Orizon Valorizacao de Residuos SA | 9.8% | R$10.9M | Trimmed−R$927.3K | ▲ 27.9% | Utilities |
 ALOS3 | Allos S.A. | 9.7% | R$10.8M | AddedR$2.4M | ▲ 25.9% | Finance |
 MULT3 | Multiplan Empreendimentos Imobiliarios SA | 7.6% | R$8.5M | Trimmed−R$963.1K | ▲ 25.9% | Finance |
 SMFT3 | Smartfit Escola de Ginastica e Danca SA | 6.1% | R$6.8M | AddedR$3.2M | ▼ 2.3% | Consumer Services |
 CSAN3 | Cosan S.A. | 5.8% | R$6.5M | AddedR$1.6M | ▼ 14.4% | Utilities |
 EQTL3 | Equatorial S.A. | 5.7% | R$6.4M | Trimmed−R$3.5M | ▲ 24.7% | Utilities |
 GGPS3 | GPS Participacoes e Empreendimentos SA | 3.7% | R$4.1M | Trimmed−R$294.6K | ▼ 1.5% | Commercial Services |
 ENEV3 | Eneva S.A. | 3.2% | R$3.6M | Trimmed−R$933.3K | ▲ 61.0% | Utilities |
 RAIL3 | Rumo SA | 2.5% | R$2.8M | Trimmed−R$6.0M | ▲ 14.5% | Transportation |
 CYRE3 | Cyrela Brazil Realty SA Empreendimentos e Participacoes | 2.2% | R$2.5M | Trimmed−R$62.2K | ▲ 14.6% | Finance |
 WEGE3 | WEG SA | 1.9% | R$2.1M | New | ▲ 10.3% | Producer Manufacturing |
 ARML3 | Armac Locacao Logistica e Servicos SA | 1.8% | R$2.0M | AddedR$1.0M | ▲ 49.0% | Finance |
 CPLE5 | – | 1.7% | R$1.9M | New | – | Other |
 HAPV3 | Hapvida Participacoes e Investimentos SA | 1.7% | R$1.9M | AddedR$514.5K | ▼ 32.3% | Health Services |
 ECOR3 | EcoRodovias Infraestrutura e Logistica S.A. | 1.2% | R$1.3M | New | ▲ 27.1% | Transportation |
 USIM5 | Usinas Siderurgicas de Minas Gerais SA-Usiminas | 1.1% | R$1.2M | Trimmed−R$873.5K | ▲ 25.3% | Non-Energy Minerals |
 TEND3 | Construtora Tenda SA | 0.9% | R$1.0M | New | ▲ 4.2% | Finance |
 ASAI3 | Sendas Distribuidora SA | 0.8% | R$920.3K | New | ▲ 47.9% | Retail Trade |
 MGLU3 | Magazine Luiza S.A. | 0.8% | R$866.4K | New | ▲ 38.7% | Retail Trade |
 SIMH3 | Simpar SA | 0.5% | R$539.5K | New | ▲ 30.9% | Transportation |
 B3SA3 | B3 SA - Brasil, Bolsa, Balcao | 0.4% | R$410.7K | AddedR$306.0K | ▲ 58.5% | Finance |
 MOVI3 | Movida Participacoes SA | 0.3% | R$362.7K | New | ▲ 70.2% | Finance |
 CVCB3 | CVC Brasil Operadora e Agencia de Viagens SA | 0.1% | R$158.8K | New | ▼ 11.2% | Consumer Services |
 AXIA3 | AXIA Energia SA | 0.0% | R$52.8K | New | ▼ 5.2% | Utilities |
Short positions
Borrowed shares the fund has to return
