PARAGON MACRO MASTER
Multimercados Livre · CNPJ 62.022.673/0001-08 · benchmark Não se aplica
Portfolio as of October 2025
AUM
R$182.3M
In stocks
R$88.5M
Stocks
71
YTD
▲ 10.6%
12 months
▲ 12.8%
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. September 2025
| Stock | Company | % of stock portfolio | Value | Month | Since then | Sector |
|---|---|---|---|---|---|---|
 ITSA4 | Itausa SA | 13.4% | R$11.8M | AddedR$2.2M | ▲ 35.6% | Finance |
 BBDC3 | Banco Bradesco SA | 8.5% | R$7.5M | AddedR$3.5M | ▲ 17.8% | Finance |
 PETR4 | Petroleo Brasileiro SA | 5.1% | R$4.5M | Trimmed−R$1.2M | ▲ 95.7% | Energy Minerals |
 EQTL3 | Equatorial S.A. | 5.0% | R$4.5M | AddedR$1.3M | ▲ 35.3% | Utilities |
 VALE3 | Vale S.A. | 4.7% | R$4.2M | Trimmed−R$5.4M | ▲ 0.3% | Non-Energy Minerals |
 SBSP3 | Companhia de Saneamento Basico do Estado de Sao Paulo SABESP | 4.5% | R$4.0M | Held | ▲ 27.3% | Utilities |
 VBBR3 | Vibra Energia SA | 4.3% | R$3.8M | AddedR$673.5K | ▲ 65.1% | Retail Trade |
 SMFT3 | Smartfit Escola de Ginastica e Danca SA | 4.1% | R$3.6M | AddedR$1.8M | ▲ 1.9% | Consumer Services |
 B3SA3 | B3 SA - Brasil, Bolsa, Balcao | 4.1% | R$3.6M | AddedR$1.3M | ▲ 87.3% | Finance |
 INBR32 | Inter & Co., Inc. | 3.8% | R$3.3M | AddedR$2.3M | ▼ 33.3% | BDR |
 MULT3 | Multiplan Empreendimentos Imobiliarios SA | 3.4% | R$3.0M | Trimmed−R$165.7K | ▲ 38.1% | Finance |
 ELET6 | – | 3.4% | R$3.0M | AddedR$1.1M | – | Other |
 ROXO34 | Nu Holdings Ltd. | 3.1% | R$2.7M | AddedR$295.7K | ▼ 12.7% | BDR |
 GGPS3 | GPS Participacoes e Empreendimentos SA | 3.1% | R$2.7M | AddedR$807.4K | ▲ 3.1% | Commercial Services |
 VULC3 | Vulcabras SA | 2.4% | R$2.2M | Trimmed−R$1.4M | ▼ 28.8% | Consumer Non-Durables |
 RDOR3 | Rede D'Or Sao Luiz SA | 2.1% | R$1.9M | Trimmed−R$1.4M | ▲ 1.7% | Health Services |
 PRIO3 | Prio SA | 2.1% | R$1.8M | Trimmed−R$558.1K | ▲ 97.8% | Energy Minerals |
 WEGE3 | WEG SA | 1.8% | R$1.6M | Trimmed−R$1.6M | ▲ 15.9% | Producer Manufacturing |
 DIRR3 | Direcional Engenharia S.A. | 1.7% | R$1.5M | Trimmed−R$141.8K | ▼ 32.7% | Finance |
 CURY3 | Cury Construtora e Incorporadora SA | 1.6% | R$1.4M | Trimmed−R$90.2K | ▼ 6.3% | Finance |
 ORVR3 | Orizon Valorizacao de Residuos SA | 1.5% | R$1.3M | AddedR$138.9K | ▲ 48.2% | Utilities |
 POMO4 | Marcopolo SA | 1.4% | R$1.3M | Trimmed−R$99.3K | ▼ 31.0% | Producer Manufacturing |
 PETR3 | Petroleo Brasileiro SA | 1.4% | R$1.3M | Trimmed−R$1.6M | ▲ 105.8% | Energy Minerals |
 CPLE3 | Companhia Paranaense de Energia | 1.3% | R$1.2M | AddedR$352.2K | ▲ 34.6% | Utilities |
 EMBR3 | – | 1.1% | R$958.4K | Trimmed−R$1.2M | – | Other |
 BBAS3 | Banco do Brasil S.A. | 1.1% | R$935.0K | Trimmed−R$1.2M | ▲ 10.5% | Finance |
 HAPV3 | Hapvida Participacoes e Investimentos SA | 1.0% | R$856.1K | Held | ▼ 69.5% | Health Services |
 PNVL3 | Dimed S.A. Distribuidora de Medicamentos | 0.9% | R$755.2K | Held | ▲ 70.8% | Retail Trade |
 RENT3 | Localiza Rent A Car SA | 0.7% | R$578.4K | Trimmed−R$740.1K | ▲ 39.2% | Finance |
 ENEV3 | Eneva S.A. | 0.6% | R$526.0K | Trimmed−R$671.2K | ▲ 74.8% | Utilities |
 SUZB3 | Suzano S.A. | 0.5% | R$473.8K | Trimmed−R$2.0M | ▼ 13.3% | Process Industries |
 RADL3 | Raia Drogasil S.A. | 0.4% | R$386.2K | Trimmed−R$494.1K | ▲ 8.1% | Retail Trade |
 VIVT3 | Telefonica Brasil S.A. | 0.4% | R$371.8K | Trimmed−R$3.4M | ▲ 0.5% | Communications |
 GGBR4 | Gerdau S.A. | 0.4% | R$362.7K | Trimmed−R$465.5K | ▲ 38.6% | Non-Energy Minerals |
 TOTS3 | TOTVS S.A. | 0.4% | R$355.4K | Trimmed−R$453.4K | ▼ 5.2% | Technology Services |
 CPLE6 | – | 0.4% | R$349.7K | Trimmed−R$446.6K | – | Other |
 UGPA3 | Ultrapar Participacoes S.A. | 0.4% | R$344.3K | Trimmed−R$440.3K | ▲ 85.8% | Retail Trade |
 CMIG4 | Companhia Energetica de Minas Gerais SA | 0.4% | R$324.2K | Trimmed−R$416.5K | ▲ 4.3% | Utilities |
 TIMS3 | TIM S.A. | 0.3% | R$293.6K | New | ▼ 21.6% | Communications |
 RAIL3 | Rumo SA | 0.3% | R$290.8K | Trimmed−R$371.9K | ▲ 21.2% | Transportation |
 LREN3 | Lojas Renner S.A. | 0.3% | R$223.2K | New | ▲ 0.6% | Retail Trade |
 MBRF3 | MBRF Global Foods Company S.A. | 0.2% | R$189.9K | Trimmed−R$244.5K | ▲ 3.7% | Consumer Non-Durables |
 ASAI3 | Sendas Distribuidora SA | 0.2% | R$173.9K | Trimmed−R$1.3M | ▲ 62.6% | Retail Trade |
 CMIN3 | CSN Mineracao SA | 0.2% | R$150.3K | Trimmed−R$191.6K | ▼ 17.6% | Non-Energy Minerals |
 ISAE4 | Isa Energia Brasil SA | 0.2% | R$149.3K | Trimmed−R$190.9K | ▲ 15.9% | Utilities |
 CXSE3 | Caixa Seguridade Participacoes SA | 0.2% | R$135.1K | Trimmed−R$172.8K | ▲ 42.2% | Finance |
 PSSA3 | Porto Seguro S.A. | 0.1% | R$130.9K | Trimmed−R$166.9K | ▲ 9.5% | Finance |
 HYPE3 | Hypera S.A. | 0.1% | R$114.0K | Trimmed−R$144.5K | ▲ 5.5% | Health Technology |
 NATU3 | Natura Cosmeticos SA | 0.1% | R$113.4K | Trimmed−R$145.5K | ▼ 15.1% | Consumer Non-Durables |
 CSAN3 | Cosan S.A. | 0.1% | R$105.8K | Trimmed−R$134.9K | ▼ 14.3% | Utilities |
 GOAU4 | Metalurgica Gerdau SA | 0.1% | R$103.6K | Trimmed−R$132.9K | ▲ 43.4% | Non-Energy Minerals |
 CSNA3 | Companhia Siderurgica Nacional | 0.1% | R$102.9K | Trimmed−R$132.6K | ▼ 36.3% | Non-Energy Minerals |
 BRAV3 | Brava Energia SA | 0.1% | R$102.5K | Trimmed−R$131.9K | ▲ 42.1% | Energy Minerals |
 COGN3 | Cogna Educacao S.A. | 0.1% | R$101.4K | Trimmed−R$129.9K | ▼ 4.4% | Commercial Services |
 FLRY3 | Fleury SA | 0.1% | R$97.7K | Trimmed−R$125.5K | ▲ 93.8% | Health Services |
 BRAP4 | Bradespar SA | 0.1% | R$69.7K | Trimmed−R$89.9K | ▲ 8.1% | Finance |
 IRBR3 | IRB Brasil Resseguros SA | 0.1% | R$60.5K | Trimmed−R$78.2K | ▲ 41.5% | Finance |
 AZZA3 | Azzas 2154 SA | 0.1% | R$58.3K | Trimmed−R$74.2K | ▼ 5.4% | Consumer Non-Durables |
 VIVA3 | Vivara Participacoes SA | 0.1% | R$57.5K | Trimmed−R$74.6K | ▼ 11.4% | Consumer Durables |
 YDUQ3 | YDUQS Participacoes SA | 0.1% | R$56.0K | Trimmed−R$70.6K | ▲ 1.9% | Commercial Services |
Exited this month
Short positions
Borrowed shares the fund has to return
