Baleias

BTG PACTUAL FUSION

Multimercados Invest. no Exterior · CNPJ 64.983.442/0001-88 · benchmark Não se aplica

Portfolio as of June 2026
AUM
R$501.1M
In stocks
R$200.0M
Stocks
58
YTD
–
12 months
–

Past performance is no guarantee of future results.

Quota

Month-end; daily in recent months
Not enough quota data for a chart.

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. May 2026
StockCompany% of stock portfolioValueMonthSince thenSector
EQTL3Equatorial S.A.8.8%R$17.6MAddedR$4.5M▲ 27.3%Utilities
CBAV3Companhia Brasileira de Aluminio6.4%R$12.9MAddedR$2.7M▲ 4.6%Non-Energy Minerals
DIRR3Direcional Engenharia S.A.6.1%R$12.2MAddedR$3.9M▼ 18.0%Finance
CSMG3Companhia de Saneamento de Minas Gerais5.6%R$11.3MAddedR$10.8M▲ 6.0%Utilities
ITUB4Itau Unibanco Holding SA5.6%R$11.2MAddedR$878.8K▲ 15.7%Finance
RDOR3Rede D'Or Sao Luiz SA5.0%R$10.0MAddedR$972.5K▲ 27.0%Health Services
SBSP3Companhia de Saneamento Basico do Estado de Sao Paulo SABESP4.8%R$9.6MAddedR$2.7M▲ 9.8%Utilities
DESK3Desktop SA4.5%R$9.1MAddedR$876.2K▲ 8.0%Communications
AXIA7AXIA Energia SA4.3%R$8.6MAddedR$5.3M▲ 12.2%Utilities
CPFE3CPFL Energia S.A.4.0%R$8.0MAddedR$585.4K▲ 11.8%Utilities
FLRY3Fleury SA3.7%R$7.3MAddedR$1.0M▲ 83.1%Health Services
SUZB3Suzano S.A.3.3%R$6.6MHeld▲ 6.7%Process Industries
ALPA4Alpargatas SA3.3%R$6.6MAddedR$1.6M▲ 49.3%Consumer Non-Durables
XPBR31XP Inc.3.3%R$6.6MNew▲ 89.4%BDR
CEAB3C&A Modas SA3.2%R$6.4MAddedR$250.6K▲ 32.7%Retail Trade
ECOR3EcoRodovias Infraestrutura e Logistica S.A.3.2%R$6.4MAddedR$1.1M▲ 84.6%Transportation
LREN3Lojas Renner S.A.2.9%R$5.9MAddedR$800.8K▲ 1.2%Retail Trade
ORVR3Orizon Valorizacao de Residuos SA2.7%R$5.3MAddedR$1.5M▲ 3.9%Utilities
AXIA3AXIA Energia SA2.2%R$4.5MTrimmed−R$3.1M▲ 9.0%Utilities
ENEV3Eneva S.A.1.9%R$3.7MAddedR$3.0M▲ 19.8%Utilities
CXSE3Caixa Seguridade Participacoes SA1.7%R$3.4MTrimmed−R$339.4K▲ 8.0%Finance
BBDC3Banco Bradesco SA1.6%R$3.2MAddedR$788.9K▲ 15.6%Finance
TEND3Construtora Tenda SA1.4%R$2.7MTrimmed−R$814.3K▼ 21.8%Finance
B3SA3B3 SA - Brasil, Bolsa, Balcao1.3%R$2.6MTrimmed−R$4.0M▲ 63.2%Finance
WEGE3WEG SA1.1%R$2.2MTrimmed−R$2.0M▲ 4.0%Producer Manufacturing
CSAN3Cosan S.A.0.9%R$1.9MAddedR$1.8M▲ 42.4%Utilities
GOAU4Metalurgica Gerdau SA0.9%R$1.8MAddedR$590.9K▲ 29.5%Non-Energy Minerals
CYRE3Cyrela Brazil Realty SA Empreendimentos e Participacoes0.9%R$1.8MAddedR$712.0K▲ 49.5%Finance
ITSA4Itausa SA0.7%R$1.4MTrimmed−R$617.7K▲ 18.1%Finance
USIM3Usinas Siderurgicas de Minas Gerais SA-Usiminas0.6%R$1.2MAddedR$549.3K▼ 13.5%Non-Energy Minerals
VALE3Vale S.A.0.6%R$1.2MTrimmed−R$2.0M▼ 16.0%Non-Energy Minerals
ESPA3MPM Corporeos SA0.5%R$914.1KNew▲ 4.8%Consumer Services
INTB3Intelbras SA Industria de Telecomunicacao Eletronica Brasileir0.4%R$795.4KTrimmed−R$248.3K▲ 40.5%Technology Services
ABCB4Banco ABC Brasil SA Conv0.3%R$599.8KAddedR$102.5K▲ 25.6%Finance
LEVE3Mahle-Metal Leve S.A.0.3%R$596.7KAddedR$104.5K▲ 18.2%Producer Manufacturing
POMO4Marcopolo SA0.3%R$574.0KTrimmed−R$748.1K▼ 17.4%Producer Manufacturing
SEER3Grupo Ser Educacional SA0.3%R$568.6KAddedR$90.6K▲ 61.1%Consumer Services
BRSR6Banco do Estado do Rio Grande do Sul SA0.3%R$535.7KAddedR$92.2K▲ 31.0%Finance
CPLE3Companhia Paranaense de Energia0.3%R$521.8KTrimmed−R$145.6K▲ 17.5%Utilities
PASS3Compass Gas e Energia SA0.2%R$488.6KTrimmed−R$81.8K▲ 15.9%Utilities
RADL3Raia Drogasil S.A.0.1%R$258.4KTrimmed−R$217.2K▲ 28.6%Retail Trade
SLCE3SLC Agricola S.A.0.1%R$217.5KTrimmed−R$3.9M▲ 32.4%Process Industries
SBFG3Grupo SBF S.A.0.1%R$211.6KAddedR$92.9K▲ 14.5%Retail Trade
JBSS32JBS N.V.0.1%R$187.7KTrimmed−R$607.2K▲ 5.6%BDR
INBR32Inter & Co., Inc.0.1%R$122.1KNew▲ 18.5%BDR
RIAA3RIACHUELO0.0%R$99.8KNew▲ 22.5%Distribution Services
CURY3Cury Construtora e Incorporadora SA0.0%R$68.2KTrimmed−R$963.8K▼ 6.6%Finance
EZTC3EZ TEC Empreendimentos e Participacoes SA0.0%R$63.4KTrimmed−R$309.1K▲ 45.8%Finance
PSSA3Porto Seguro S.A.0.0%R$62.4KTrimmed−R$105.9K▼ 0.6%Finance
PETR3Petroleo Brasileiro SA0.0%R$34.7KTrimmed−R$1.6M▲ 55.2%Energy Minerals
NVDC34NVIDIA Corporation0.0%R$31.4KNew▲ 5.4%BDR
ROXO34Nu Holdings Ltd.0.0%R$24.0KTrimmed−R$28.2K▲ 11.7%BDR
HAPV3Hapvida Participacoes e Investimentos SA0.0%R$15.4KTrimmed−R$588.1K▼ 6.5%Health Services
RENT4Localiza Rent A Car SA0.0%R$8.0KHeld▲ 28.5%Finance
AXIA11–0.0%R$7.7KNew–Other
CYRE4Cyrela Brazil Realty SA Empreendimentos e Participacoes0.0%R$4.3KHeld▲ 52.2%Finance
IRBR3IRB Brasil Resseguros SA0.0%R$440.8Trimmed−R$38.2K▲ 26.7%Finance
PCAR3Companhia Brasileira de Distribuicao0.0%R$231Held▲ 35.1%Retail Trade

Short positions

Borrowed shares the fund has to return
MOTV3R$14.6MBBAS3R$11.3MITUB3R$11.1MISAE4R$8.7MALOS3R$8.7MVIVT3R$8.5MMULT3R$8.3MEGIE3R$7.1MRENT3R$5.2MBBDC4R$5.1MGGPS3R$3.9MCURY3R$3.5MB3SA3R$2.9MVIVA3R$2.6MSMFT3R$2.4MBBSE3R$2.0MABEV3R$1.8MGGBR4R$1.7MUSIM5R$1.4MMGLU3R$1.2MJHSF3R$1.1MPETR4R$746.7KEMBJ3R$649.4KPRIO3R$520.4KCMIG4R$503.4KNATU3R$298.6KTOTS3R$298.3KUGPA3R$297.7KMBRF3R$284.8KRAIL3R$253.3K

Monthly portfolios of open-ended equity and multi-strategy funds with at least R$ 50 million in assets, from CVM open data (CDA, daily report and registry; ODbL license). Funds can keep positions confidential for up to 180 days, so each portfolio shows the month it refers to. Delayed prices (brapi). Informational content, not investment advice.

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