BTG PACTUAL SYNERGY EQUITY HEDGE ITAU

Previdência Multimercado Livre · CNPJ 66.806.926/0001-87 · benchmark DI de um dia

Portfolio as of September 2026

AUM

R$55.2M

In stocks

R$19.9M

Stocks

YTD

–

12 months

–

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. August 2026

Stock	Company	% of stock portfolio	Value	Month	Since then	Sector
EQTL3	Equatorial S.A.	9.5%	R$1.9M	Trimmed−R$977.4K	▲ 22.0%	Utilities
AXIA3	AXIA Energia SA	9.4%	R$1.9M	Trimmed−R$848.7K	▲ 7.0%	Utilities
SBSP3	Companhia de Saneamento Basico do Estado de Sao Paulo SABESP	8.7%	R$1.7M	Trimmed−R$1.5M	▲ 18.6%	Utilities
CPLE3	Companhia Paranaense de Energia	8.6%	R$1.7M	Trimmed−R$300.0K	▲ 10.3%	Utilities
TEND3	Construtora Tenda SA	7.0%	R$1.4M	AddedR$959.1K	▲ 5.9%	Finance
BBAS3	Banco do Brasil S.A.	5.5%	R$1.1M	New	▲ 4.9%	Finance
CYRE3	Cyrela Brazil Realty SA Empreendimentos e Participacoes	5.4%	R$1.1M	AddedR$1.0M	▲ 26.6%	Finance
PETR4	Petroleo Brasileiro SA	5.2%	R$1.0M	AddedR$78.3K	▲ 18.5%	Energy Minerals
BBDC4	Banco Bradesco SA	4.0%	R$790.8K	AddedR$295.0K	▲ 11.7%	Finance
CXSE3	Caixa Seguridade Participacoes SA	3.8%	R$759.1K	Trimmed−R$373.1K	▲ 7.1%	Finance
RENT3	Localiza Rent A Car SA	3.8%	R$756.2K	New	▲ 30.5%	Finance
DIRR3	Direcional Engenharia S.A.	3.3%	R$663.2K	AddedR$395.6K	▲ 13.0%	Finance
SBFG3	Grupo SBF S.A.	2.9%	R$575.9K	New	▲ 44.7%	Retail Trade
WEGE3	WEG SA	2.4%	R$475.0K	Trimmed−R$348.6K	▼ 1.4%	Producer Manufacturing
VIVA3	Vivara Participacoes SA	2.1%	R$427.5K	AddedR$370.5K	▲ 17.1%	Consumer Durables
ASAI3	Sendas Distribuidora SA	2.0%	R$402.9K	New	▲ 27.9%	Retail Trade
HAPV3	Hapvida Participacoes e Investimentos SA	1.7%	R$335.1K	New	▲ 43.2%	Health Services
RADL3	Raia Drogasil S.A.	1.7%	R$331.7K	New	▲ 17.6%	Retail Trade
CURY3	Cury Construtora e Incorporadora SA	1.7%	R$330.5K	AddedR$296.8K	▲ 18.1%	Finance
ESPA3	MPM Corporeos SA	1.5%	R$297.3K	AddedR$30.8K	▲ 4.7%	Consumer Services
YDUQ3	YDUQS Participacoes SA	1.4%	R$285.0K	New	▲ 30.0%	Commercial Services
B3SA3	B3 SA - Brasil, Bolsa, Balcao	1.3%	R$259.8K	New	▲ 29.3%	Finance
COGN3	Cogna Educacao S.A.	1.1%	R$217.9K	New	▲ 40.1%	Commercial Services
MBRF3	MBRF Global Foods Company S.A.	1.0%	R$203.6K	New	▲ 10.5%	Consumer Non-Durables
PRIO3	Prio SA	0.7%	R$131.5K	Trimmed−R$150.1K	▲ 17.0%	Energy Minerals
ECOR3	EcoRodovias Infraestrutura e Logistica S.A.	0.6%	R$123.4K	New	▲ 52.3%	Transportation
SMFT3	Smartfit Escola de Ginastica e Danca SA	0.5%	R$107.6K	Trimmed−R$23.7K	▲ 46.1%	Consumer Services
BBSE3	BB Seguridade Participacoes SA	0.5%	R$91.6K	New	▲ 8.0%	Finance
UGPA3	Ultrapar Participacoes S.A.	0.4%	R$83.6K	AddedR$47.3K	▲ 5.6%	Retail Trade
VBBR3	Vibra Energia SA	0.3%	R$61.8K	Trimmed−R$588.8K	▼ 1.3%	Retail Trade
LREN3	Lojas Renner S.A.	0.3%	R$59.8K	AddedR$26.8K	▲ 28.7%	Retail Trade
PGMN3	Empreendimentos Pague Menos SA	0.3%	R$52.4K	New	▲ 65.2%	Retail Trade
PETR3	Petroleo Brasileiro SA	0.2%	R$47.4K	Trimmed−R$302.9K	▲ 20.4%	Energy Minerals
GMAT3	Grupo Mateus SA	0.2%	R$43.0K	New	▲ 11.0%	Retail Trade
PNVL3	Dimed S.A. Distribuidora de Medicamentos	0.2%	R$42.2K	AddedR$24.9K	▲ 26.3%	Retail Trade
AXIA7	AXIA Energia SA	0.2%	R$39.6K	Trimmed−R$45.6K	▲ 7.6%	Utilities
RDOR3	Rede D'Or Sao Luiz SA	0.2%	R$36.6K	New	▲ 15.1%	Health Services
EZTC3	EZ TEC Empreendimentos e Participacoes SA	0.1%	R$26.5K	New	▲ 35.6%	Finance
ALOS3	Allos S.A.	0.1%	R$21.0K	New	▲ 21.1%	Finance
RIAA3	RIACHUELO	0.1%	R$20.9K	New	▲ 56.2%	Distribution Services
GOAU4	Metalurgica Gerdau SA	0.0%	R$7.1K	New	▲ 9.0%	Non-Energy Minerals
TSMC34	Taiwan Semiconductor Manufacturing Co., Ltd. ADR	0.0%	R$2.9K	Held	▼ 9.0%	BDR
NATU3	Natura Cosmeticos SA	0.0%	R$2.8K	New	▲ 13.3%	Consumer Non-Durables
IRBR3	IRB Brasil Resseguros SA	0.0%	R$184.98	New	▲ 13.2%	Finance
KLBN4	Klabin SA	0.0%	R$3.6	Held	▲ 2.5%	Non-Energy Minerals

Exited this month

Short positions

Borrowed shares the fund has to return