KINEA TLS III

Multimercados Macro · CNPJ 57.967.324/0001-10 · benchmark DI de um dia

Portfolio as of September 2026

AUM

R$178.9M

In stocks

R$37.8M

Stocks

YTD

▲ 10.6%

12 months

▲ 15.8%

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. June 2026

Stock	Company	% of stock portfolio	Value	Month	Since then	Sector
EMBJ3	Embraer S.A.	9.1%	R$3.4M	AddedR$238.7K	▼ 6.7%	Electronic Technology
CBAV3	Companhia Brasileira de Aluminio	7.6%	R$2.9M	AddedR$726.3K	▲ 0.4%	Non-Energy Minerals
TEND3	Construtora Tenda SA	6.7%	R$2.5M	AddedR$763.8K	▲ 5.9%	Finance
ORVR3	Orizon Valorizacao de Residuos SA	4.4%	R$1.7M	Trimmed−R$61.4K	▲ 18.3%	Utilities
VBBR3	Vibra Energia SA	4.1%	R$1.6M	AddedR$1.5M	▼ 1.3%	Retail Trade
SBSP3	Companhia de Saneamento Basico do Estado de Sao Paulo SABESP	3.8%	R$1.4M	Trimmed−R$817.4K	▲ 18.6%	Utilities
MDNE3	Moura Dubeux Engenharia SA	3.4%	R$1.3M	AddedR$106.6K	▲ 18.9%	Finance
BBDC3	Banco Bradesco SA	3.4%	R$1.3M	AddedR$335.1K	▲ 12.4%	Finance
CYRE4	Cyrela Brazil Realty SA Empreendimentos e Participacoes	3.1%	R$1.2M	AddedR$334.5K	▲ 27.6%	Finance
EQTL3	Equatorial S.A.	2.7%	R$1.0M	Trimmed−R$76.5K	▲ 22.0%	Utilities
ENEV3	Eneva S.A.	2.3%	R$852.8K	AddedR$748.4K	▲ 14.8%	Utilities
ITSA4	Itausa SA	2.2%	R$841.0K	Trimmed−R$86.9K	▲ 8.2%	Finance
VAMO3	Vamos Locacao de Caminhoes, Maquinas e Equipamentos SA	2.2%	R$834.2K	AddedR$792.4K	▲ 54.4%	Finance
PNVL3	Dimed S.A. Distribuidora de Medicamentos	2.2%	R$830.7K	AddedR$412.6K	▲ 26.3%	Retail Trade
B3SA3	B3 SA - Brasil, Bolsa, Balcao	2.2%	R$814.3K	AddedR$781.7K	▲ 29.3%	Finance
MILS3	Mills Locacao Servicos e Logistica S.A.	2.1%	R$811.7K	AddedR$204.8K	▲ 2.2%	Finance
CPLE3	Companhia Paranaense de Energia	2.1%	R$783.0K	Trimmed−R$663.0K	▲ 10.3%	Utilities
RDOR3	Rede D'Or Sao Luiz SA	1.8%	R$689.4K	Held	▲ 15.1%	Health Services
TIMS3	TIM S.A.	1.6%	R$606.7K	AddedR$596.1K	▲ 3.9%	Communications
MGLU3	Magazine Luiza S.A.	1.6%	R$594.6K	New	▲ 82.0%	Retail Trade
GGBR4	Gerdau S.A.	1.6%	R$592.2K	Held	▲ 8.2%	Non-Energy Minerals
CYRE3	Cyrela Brazil Realty SA Empreendimentos e Participacoes	1.5%	R$570.8K	Trimmed−R$44.1K	▲ 26.6%	Finance
VALE3	Vale S.A.	1.5%	R$552.4K	Trimmed−R$186.1K	▼ 6.4%	Non-Energy Minerals
CURY3	Cury Construtora e Incorporadora SA	1.4%	R$516.0K	Trimmed−R$802.6K	▲ 18.1%	Finance
SEER3	Grupo Ser Educacional SA	1.4%	R$513.4K	New	▲ 31.0%	Consumer Services
HYPE3	Hypera S.A.	1.4%	R$511.6K	AddedR$142.7K	▲ 11.3%	Health Technology
PETR3	Petroleo Brasileiro SA	1.3%	R$501.0K	New	▲ 20.4%	Energy Minerals
MOVI3	Movida Participacoes SA	1.2%	R$470.8K	Trimmed−R$290.5K	▲ 99.6%	Finance
RENT4	Localiza Rent A Car SA	1.2%	R$460.5K	AddedR$46.7K	▲ 31.3%	Finance
SLCE3	SLC Agricola S.A.	1.1%	R$427.0K	AddedR$409.0K	▲ 1.6%	Process Industries
YDUQ3	YDUQS Participacoes SA	1.1%	R$421.0K	New	▲ 30.0%	Commercial Services
IRBR3	IRB Brasil Resseguros SA	1.0%	R$396.7K	New	▲ 13.2%	Finance
ECOR3	EcoRodovias Infraestrutura e Logistica S.A.	1.0%	R$393.2K	Held	▲ 52.3%	Transportation
CSMG3	Companhia de Saneamento de Minas Gerais	1.0%	R$388.5K	AddedR$29.2K	▲ 12.9%	Utilities
CSAN3	Cosan S.A.	1.0%	R$387.9K	AddedR$337.5K	▲ 33.1%	Utilities
DESK3	Desktop SA	0.9%	R$351.0K	AddedR$82.2K	▼ 0.4%	Communications
BBDC4	Banco Bradesco SA	0.9%	R$338.3K	New	▲ 11.7%	Finance
XPBR31	XP Inc.	0.9%	R$337.0K	New	▲ 46.2%	BDR
SUZB3	Suzano S.A.	0.8%	R$318.2K	AddedR$134.3K	▼ 4.1%	Process Industries
SAUD3	Bradsaude SA	0.8%	R$317.7K	Trimmed−R$137.9K	▲ 17.5%	Health Services
SBFG3	Grupo SBF S.A.	0.8%	R$314.5K	Trimmed−R$324.3K	▲ 44.7%	Retail Trade
PRNR3	Priner Servicos Industriais SA	0.8%	R$287.6K	New	▲ 9.7%	Industrial Services
BMOB3	Bemobi Mobile Tech SA	0.7%	R$259.0K	Trimmed−R$423.3K	▲ 18.9%	Technology Services
LIGT3	Light S.A.	0.7%	R$255.3K	AddedR$162.1K	▲ 1.6%	Utilities
POMO3	Marcopolo SA	0.5%	R$206.3K	New	▲ 17.6%	Producer Manufacturing
CAML3	Camil Alimentos SA	0.5%	R$200.6K	New	▲ 28.9%	Process Industries
PRIO3	Prio SA	0.4%	R$164.4K	Held	▲ 17.0%	Energy Minerals
PINE4	Banco PINE S.A.	0.4%	R$142.5K	Trimmed−R$184.3K	▲ 33.7%	Finance
AZZA3	Azzas 2154 SA	0.3%	R$124.8K	New	▲ 56.3%	Consumer Non-Durables
ANIM3	Anima Holding SA	0.3%	R$121.8K	New	▲ 71.9%	Consumer Services
RENT3	Localiza Rent A Car SA	0.3%	R$120.8K	Trimmed−R$28.1K	▲ 30.5%	Finance
RADL3	Raia Drogasil S.A.	0.3%	R$115.7K	AddedR$69.9K	▲ 17.6%	Retail Trade
CVCB3	CVC Brasil Operadora e Agencia de Viagens SA	0.3%	R$103.4K	New	▲ 12.1%	Consumer Services
BLAU3	Blau Farmaceutica SA	0.2%	R$86.0K	New	▲ 19.0%	Health Technology
ASAI3	Sendas Distribuidora SA	0.2%	R$84.8K	AddedR$61.8K	▲ 27.9%	Retail Trade
CXSE3	Caixa Seguridade Participacoes SA	0.2%	R$79.5K	New	▲ 7.1%	Finance
BBSE3	BB Seguridade Participacoes SA	0.2%	R$70.3K	New	▲ 8.0%	Finance
INBR32	Inter & Co., Inc.	0.1%	R$55.5K	New	▲ 20.3%	BDR
DIRR3	Direcional Engenharia S.A.	0.1%	R$40.5K	Trimmed−R$1.3M	▲ 13.0%	Finance
ARML3	Armac Locacao Logistica e Servicos SA	0.1%	R$34.5K	Held	▲ 62.2%	Finance

Exited this month

Short positions

Borrowed shares the fund has to return