IBIUNA EQUITY STRATEGY
Ações Livre · CNPJ 55.038.658/0001-84 · benchmark Não se aplica
Portfolio as of March 2026
AUM
R$203.9M
In stocks
R$152.3M
Stocks
49
YTD
▲ 11.4%
12 months
▲ 16.5%
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 |
|---|---|---|---|---|---|---|
 B3SA3 | B3 SA - Brasil, Bolsa, Balcao | 10.2% | R$15.6M | New | ▲ 28.9% | Finance |
 PETR4 | Petroleo Brasileiro SA | 7.4% | R$11.2M | AddedR$4.0M | ▲ 19.6% | Energy Minerals |
 VIVA3 | Vivara Participacoes SA | 7.1% | R$10.9M | AddedR$1.1M | ▲ 6.6% | Consumer Durables |
 PGMN3 | Empreendimentos Pague Menos SA | 6.7% | R$10.2M | AddedR$3.2M | ▼ 8.2% | Retail Trade |
 CSMG3 | Companhia de Saneamento de Minas Gerais | 6.2% | R$9.5M | Trimmed−R$740.3K | ▲ 10.1% | Utilities |
 ITUB4 | Itau Unibanco Holding SA | 5.5% | R$8.4M | New | ▲ 12.2% | Finance |
 CEAB3 | C&A Modas SA | 5.3% | R$8.0M | Trimmed−R$2.6M | ▲ 17.9% | Retail Trade |
 AXIA3 | AXIA Energia SA | 4.2% | R$6.4M | AddedR$5.0M | ▲ 1.2% | Utilities |
 IRBR3 | IRB Brasil Resseguros SA | 4.0% | R$6.0M | Trimmed−R$1.7M | ▲ 27.9% | Finance |
 VALE3 | Vale S.A. | 3.8% | R$5.8M | AddedR$3.1M | ▼ 20.7% | Non-Energy Minerals |
 UGPA3 | Ultrapar Participacoes S.A. | 3.2% | R$4.8M | Trimmed−R$211.1K | ▲ 38.5% | Retail Trade |
 MULT3 | Multiplan Empreendimentos Imobiliarios SA | 3.1% | R$4.8M | Trimmed−R$900.1K | ▲ 19.3% | Finance |
 ROXO34 | Nu Holdings Ltd. | 3.0% | R$4.6M | AddedR$2.0M | ▲ 2.2% | BDR |
 RENT3 | Localiza Rent A Car SA | 2.8% | R$4.2M | New | ▲ 12.5% | Finance |
 GGBR4 | Gerdau S.A. | 2.4% | R$3.6M | AddedR$1.3M | ▲ 38.2% | Non-Energy Minerals |
 DIRR3 | Direcional Engenharia S.A. | 2.1% | R$3.2M | AddedR$1.5M | ▼ 14.1% | Finance |
 RDOR3 | Rede D'Or Sao Luiz SA | 2.0% | R$3.0M | Trimmed−R$305.1K | ▲ 13.1% | Health Services |
 INTB3 | Intelbras SA Industria de Telecomunicacao Eletronica Brasileir | 1.9% | R$2.9M | AddedR$854.7K | ▲ 35.0% | Technology Services |
 BBDC4 | Banco Bradesco SA | 1.8% | R$2.8M | Trimmed−R$2.8M | ▲ 7.9% | Finance |
 MOVI3 | Movida Participacoes SA | 1.8% | R$2.8M | New | ▲ 54.6% | Finance |
 AXIA7 | AXIA Energia SA | 1.8% | R$2.7M | Trimmed−R$175.6K | ▲ 5.0% | Utilities |
 CMIG4 | Companhia Energetica de Minas Gerais SA | 1.5% | R$2.2M | AddedR$1.7M | ▼ 6.2% | Utilities |
 CURY3 | Cury Construtora e Incorporadora SA | 1.4% | R$2.2M | AddedR$182.7K | ▼ 7.4% | Finance |
 ISAE4 | Isa Energia Brasil SA | 1.2% | R$1.8M | Trimmed−R$1.1M | ▲ 0.0% | Utilities |
 EQTL3 | Equatorial S.A. | 1.1% | R$1.7M | Trimmed−R$36.7K | ▲ 21.6% | Utilities |
 POMO4 | Marcopolo SA | 1.0% | R$1.5M | Trimmed−R$124.0K | ▼ 20.2% | Producer Manufacturing |
 RIAA3 | RIACHUELO | 0.9% | R$1.3M | Trimmed−R$1.2M | ▲ 20.4% | Distribution Services |
 BBSE3 | BB Seguridade Participacoes SA | 0.8% | R$1.3M | Trimmed−R$191.4K | ▲ 21.5% | Finance |
 CYRE3 | Cyrela Brazil Realty SA Empreendimentos e Participacoes | 0.7% | R$1.1M | Trimmed−R$1.7M | ▲ 26.0% | Finance |
 PSSA3 | Porto Seguro S.A. | 0.7% | R$1.0M | New | ▲ 4.2% | Finance |
 CPLE3 | Companhia Paranaense de Energia | 0.7% | R$1.0M | Trimmed−R$76.5K | ▲ 14.4% | Utilities |
 CPFE3 | CPFL Energia S.A. | 0.6% | R$861.6K | New | ▲ 2.7% | Utilities |
 SUZB3 | Suzano S.A. | 0.5% | R$714.9K | Trimmed−R$2.8M | ▼ 18.3% | Process Industries |
 ODPV3 | – | 0.4% | R$573.8K | New | – | Other |
 CYRE4 | Cyrela Brazil Realty SA Empreendimentos e Participacoes | 0.4% | R$534.4K | New | ▲ 29.2% | Finance |
 TOTS3 | TOTVS S.A. | 0.3% | R$514.8K | New | ▲ 20.4% | Technology Services |
 CXSE3 | Caixa Seguridade Participacoes SA | 0.3% | R$503.7K | AddedR$501.2K | ▲ 16.0% | Finance |
 FLRY3 | Fleury SA | 0.3% | R$484.9K | New | ▲ 77.0% | Health Services |
 GMAT3 | Grupo Mateus SA | 0.3% | R$484.2K | New | ▲ 20.0% | Retail Trade |
 BRKM5 | Braskem S.A. | 0.2% | R$364.5K | New | ▼ 55.7% | Process Industries |
 ALOS3 | Allos S.A. | 0.2% | R$347.9K | Trimmed−R$699.5K | ▲ 17.7% | Finance |
 CMIN3 | CSN Mineracao SA | 0.1% | R$147.9K | AddedR$114.9K | ▲ 1.0% | Non-Energy Minerals |
 RAIZ4 | Raizen SA | 0.0% | R$75.7K | AddedR$57.5K | ▼ 19.6% | Retail Trade |
 XPBR31 | XP Inc. | 0.0% | R$70.0K | Trimmed−R$2.9M | ▲ 62.5% | BDR |
 AZZA3 | Azzas 2154 SA | 0.0% | R$52.8K | New | ▲ 5.7% | Consumer Non-Durables |
 RADL3 | Raia Drogasil S.A. | 0.0% | R$30.3K | New | ▼ 8.2% | Retail Trade |
 EGIE3 | ENGIE Brasil Energia S.A. | 0.0% | R$23.0K | Trimmed−R$1.5M | ▼ 4.8% | Utilities |
 ABEV3 | Ambev SA | 0.0% | R$7.6K | Trimmed−R$171.5K | ▲ 10.5% | Consumer Non-Durables |
 LREN3 | Lojas Renner S.A. | 0.0% | R$2.2K | Trimmed−R$5.1M | ▼ 0.2% | Retail Trade |
Short positions
Borrowed shares the fund has to return
BBSE3R$13.5M
BBAS3R$8.9M
BRAV3R$5.4MCXSE3R$5.4MTOTS3R$4.9MPSSA3R$4.6MEGIE3R$4.4M
TAEE11R$4.1M
ENGI11R$3.8MINTB3R$3.7M
KLBN11R$3.4MBRKM5R$3.3MRADL3R$2.1MALOS3R$2.1MLREN3R$2.0M
VAMO3R$1.9MCPFE3R$1.7MABEV3R$1.6MGMAT3R$1.6MFLRY3R$1.3M
ALPA4R$1.0MCMIN3R$956.9KAZZA3R$881.6KRAIZ4R$706.9K
PRIO3R$516.1K
USIM5R$331.3K
VAMO1R$63.9