ENCORE LONG BIAS MASTER
Ações Livre · CNPJ 52.188.032/0001-66 · benchmark Ibovespa
Portfolio as of March 2026
AUM
R$120.8M
In stocks
R$158.1M
Stocks
64
YTD
▲ 12.0%
12 months
▲ 12.0%
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. February 2026
| Stock | Company | % of stock portfolio | Value | Month | Since then | Sector |
|---|---|---|---|---|---|---|
 PRIO3 | Prio SA | 7.4% | R$11.8M | Held | ▲ 7.6% | Energy Minerals |
 SMFT3 | Smartfit Escola de Ginastica e Danca SA | 7.2% | R$11.3M | Trimmed−R$262.5K | ▲ 33.9% | Consumer Services |
 RENT3 | Localiza Rent A Car SA | 5.9% | R$9.4M | Held | ▲ 12.5% | Finance |
 CPLE3 | Companhia Paranaense de Energia | 5.5% | R$8.7M | Trimmed−R$918.1K | ▲ 14.4% | Utilities |
 ALOS3 | Allos S.A. | 4.8% | R$7.6M | Trimmed−R$4.0M | ▲ 17.7% | Finance |
 AXIA7 | AXIA Energia SA | 4.7% | R$7.5M | Held | ▲ 5.0% | Utilities |
 TEND3 | Construtora Tenda SA | 4.4% | R$6.9M | Held | ▼ 8.3% | Finance |
 STOC34 | StoneCo Ltd. | 4.4% | R$6.9M | AddedR$2.9M | ▼ 17.3% | BDR |
 ECOR3 | EcoRodovias Infraestrutura e Logistica S.A. | 4.1% | R$6.4M | AddedR$2.5M | ▲ 63.1% | Transportation |
 EQTL3 | Equatorial S.A. | 3.9% | R$6.2M | Trimmed−R$485.2K | ▲ 21.6% | Utilities |
 SBSP3 | Companhia de Saneamento Basico do Estado de Sao Paulo SABESP | 3.9% | R$6.2M | AddedR$848.6K | ▲ 2.8% | Utilities |
 XPBR31 | XP Inc. | 3.9% | R$6.1M | Trimmed−R$136.9K | ▲ 62.5% | BDR |
 ROXO34 | Nu Holdings Ltd. | 3.9% | R$6.1M | AddedR$2.0M | ▲ 2.2% | BDR |
 MELI34 | MercadoLibre, Inc. | 3.7% | R$5.9M | Held | ▲ 5.6% | BDR |
 INBR32 | Inter & Co., Inc. | 3.0% | R$4.7M | Trimmed−R$247.8K | ▼ 20.1% | BDR |
 VIVA3 | Vivara Participacoes SA | 2.9% | R$4.6M | Trimmed−R$1.1M | ▲ 6.6% | Consumer Durables |
 ENEV3 | Eneva S.A. | 2.8% | R$4.4M | New | ▲ 30.4% | Utilities |
 CURY3 | Cury Construtora e Incorporadora SA | 2.7% | R$4.3M | Held | ▼ 7.4% | Finance |
 CEAB3 | C&A Modas SA | 2.4% | R$3.7M | New | ▲ 17.9% | Retail Trade |
 ITUB4 | Itau Unibanco Holding SA | 2.3% | R$3.7M | AddedR$3.5M | ▲ 12.2% | Finance |
 SBFG3 | Grupo SBF S.A. | 2.2% | R$3.5M | Trimmed−R$121.7K | ▼ 3.8% | Retail Trade |
 SUZB3 | Suzano S.A. | 2.2% | R$3.4M | Trimmed−R$233.6K | ▼ 18.3% | Process Industries |
 ODPV3 | – | 1.4% | R$2.2M | AddedR$1.9M | – | Other |
 AZZA3 | Azzas 2154 SA | 1.3% | R$2.0M | Trimmed−R$2.9M | ▲ 5.7% | Consumer Non-Durables |
 PNVL3 | Dimed S.A. Distribuidora de Medicamentos | 1.2% | R$1.9M | Trimmed−R$50.4K | ▲ 11.4% | Retail Trade |
 CSMG3 | Companhia de Saneamento de Minas Gerais | 1.0% | R$1.5M | AddedR$842.4K | ▲ 10.1% | Utilities |
 PETR3 | Petroleo Brasileiro SA | 0.8% | R$1.3M | New | ▲ 20.3% | Energy Minerals |
 VALE3 | Vale S.A. | 0.6% | R$1.0M | AddedR$800.1K | ▼ 20.7% | Non-Energy Minerals |
 ORVR3 | Orizon Valorizacao de Residuos SA | 0.6% | R$992.0K | AddedR$542.4K | ▲ 15.2% | Utilities |
 JBSS32 | JBS N.V. | 0.4% | R$613.6K | New | ▼ 30.9% | BDR |
 WEGE3 | WEG SA | 0.4% | R$612.1K | AddedR$438.7K | ▼ 4.4% | Producer Manufacturing |
 VIVT3 | Telefonica Brasil S.A. | 0.3% | R$437.0K | Held | ▼ 21.9% | Communications |
 RENT4 | Localiza Rent A Car SA | 0.3% | R$408.0K | Trimmed−R$9.1K | ▲ 13.4% | Finance |
 VULC3 | Vulcabras SA | 0.2% | R$369.7K | AddedR$82.3K | ▼ 6.2% | Consumer Non-Durables |
 LAVV3 | LAVVI Empreendimentos Imobiliarios SA | 0.2% | R$365.1K | Held | ▲ 9.5% | Finance |
 PETR4 | Petroleo Brasileiro SA | 0.2% | R$350.4K | Trimmed−R$287.2K | ▲ 19.6% | Energy Minerals |
 MDNE3 | Moura Dubeux Engenharia SA | 0.2% | R$348.3K | Held | ▼ 5.0% | Finance |
 TIMS3 | TIM S.A. | 0.2% | R$313.0K | Held | ▼ 30.7% | Communications |
 RIAA3 | RIACHUELO | 0.2% | R$282.7K | Held | ▲ 20.4% | Distribution Services |
 VBBR3 | Vibra Energia SA | 0.2% | R$271.9K | Trimmed−R$240.3K | ▲ 16.0% | Retail Trade |
 PGMN3 | Empreendimentos Pague Menos SA | 0.2% | R$265.8K | AddedR$139.1K | ▼ 8.2% | Retail Trade |
 LEVE3 | Mahle-Metal Leve S.A. | 0.2% | R$244.9K | Held | ▲ 11.0% | Producer Manufacturing |
 CXSE3 | Caixa Seguridade Participacoes SA | 0.2% | R$238.6K | Trimmed−R$223.9K | ▲ 16.0% | Finance |
 GRND3 | Grendene S.A. | 0.1% | R$222.8K | Held | ▲ 1.9% | Consumer Non-Durables |
 AURA33 | Aura Minerals Inc | 0.1% | R$209.8K | AddedR$195.8K | ▲ 1.4% | BDR |
 ALPA4 | Alpargatas SA | 0.1% | R$208.3K | Trimmed−R$147.6K | ▲ 44.7% | Consumer Non-Durables |
 PRNR3 | Priner Servicos Industriais SA | 0.1% | R$195.0K | Held | ▲ 5.7% | Industrial Services |
 ABCB4 | Banco ABC Brasil SA Conv | 0.1% | R$193.0K | Held | ▲ 17.5% | Finance |
 MRVE3 | MRV Engenharia e Participacoes S.A. | 0.1% | R$192.8K | New | ▲ 6.1% | Consumer Durables |
 MILS3 | Mills Locacao Servicos e Logistica S.A. | 0.1% | R$190.9K | Held | ▲ 17.5% | Finance |
 VTRU3 | Vitru Educacao SA | 0.1% | R$188.8K | Held | ▲ 51.5% | Commercial Services |
 MOVI3 | Movida Participacoes SA | 0.1% | R$188.5K | AddedR$21.9K | ▲ 54.6% | Finance |
 DIRR3 | Direcional Engenharia S.A. | 0.1% | R$179.6K | Trimmed−R$79.8K | ▼ 14.1% | Finance |
 ISAE4 | Isa Energia Brasil SA | 0.1% | R$168.7K | Held | ▲ 0.0% | Utilities |
 SEER3 | Grupo Ser Educacional SA | 0.1% | R$151.1K | Held | ▲ 35.1% | Consumer Services |
 JSLG3 | JSL S.A. | 0.1% | R$125.3K | Held | ▲ 55.5% | Transportation |
 SIMH3 | Simpar SA | 0.1% | R$92.0K | Held | ▲ 45.2% | Transportation |
 ITSA4 | Itausa SA | 0.0% | R$75.5K | Held | ▲ 13.0% | Finance |
 RADL3 | Raia Drogasil S.A. | 0.0% | R$58.8K | Trimmed−R$164.7K | ▼ 8.2% | Retail Trade |
 TTEN3 | Tres Tentos Agroindustrial SA | 0.0% | R$36.8K | AddedR$4.8K | ▼ 12.9% | Commercial Services |
Exited this month
Short positions
Borrowed shares the fund has to return
ABEV3R$4.2M
ITUB3R$3.5M
AXIA3R$2.9M
MOTV3R$1.3M
SMTO3R$1.0M
NATU3R$641.0K
RAIL3R$632.1K
AUAU3R$631.9K
RDOR3R$588.4K
BEEF3R$529.6K
CSNA3R$527.3K
BBSE3R$487.3K
LREN3R$463.8K
SLCE3R$447.2K
PCAR3R$432.5K
MGLU3R$430.6K
EGIE3R$390.7K
PSSA3R$388.9K
CSAN3R$382.0K
MYPK3R$372.9K
HAPV3R$371.7K
AURE3R$364.2K
GGPS3R$364.1K
GMAT3R$345.0K
YDUQ3R$343.9K
ASAI3R$331.8K
INTB3R$315.0K
TUPY3R$297.7K
DXCO3R$280.7K
VAMO3R$277.5K