ASA
ASA ASSET MANAGEMENT LTDA
Portfolio as of March 2026compared with February 2026
In stocks
R$13.1M
Stocks
22
Top 10: 80%
Funds
2
YTD
▲ 11.1%
AUM-weighted average
Past performance is no guarantee of future results.
Disclosed so far
Stock holdings disclosed each month
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Funds can keep positions confidential for up to 180 days, so recent months show up incomplete (hatched) until the confidentiality period ends. The portfolio shown is from the last complete month.
This month
- Buys
- +R$3.6M
- Sells
- −R$2.3M
- New positions
- 5
- Exited
- 9
Sectors
- Finance50.4%
- Other21.2%
- Process Industries9.9%
- Commercial Services6.8%
- Utilities5.6%
- Non-Energy Minerals4.9%
Portfolio
All of the manager's funds combined · since then: today's price vs. Mar/26
| Stock | Company | % of stock portfolio | Value | Month | Since then | Sector |
|---|---|---|---|---|---|---|
 NEOE3 | – | 15.9% | R$2.1M | Held | – | Other |
 RENT4 | Localiza Rent A Car SA | 14.0% | R$1.8M | AddedR$353.4K | ▲ 13.4% | Finance |
 VITT3 | Vittia S.A. | 7.3% | R$952.4K | AddedR$182.9K | ▼ 8.8% | Process Industries |
 B3SA3 | B3 SA - Brasil, Bolsa, Balcao | 7.3% | R$950.6K | Trimmed−R$24.6K | ▲ 28.9% | Finance |
 PSSA3 | Porto Seguro S.A. | 7.1% | R$925.9K | Held | ▲ 4.2% | Finance |
 ABCB4 | Banco ABC Brasil SA Conv | 6.9% | R$898.3K | Held | ▲ 17.5% | Finance |
 GGPS3 | GPS Participacoes e Empreendimentos SA | 6.8% | R$892.6K | AddedR$62.3K | ▼ 2.2% | Commercial Services |
 AXIA6 | – | 5.3% | R$693.1K | New | – | Other |
 VALE3 | Vale S.A. | 4.9% | R$640.0K | AddedR$598.7K | ▼ 20.7% | Non-Energy Minerals |
 ITUB4 | Itau Unibanco Holding SA | 4.9% | R$635.3K | AddedR$591.7K | ▲ 12.2% | Finance |
 AXIA3 | AXIA Energia SA | 4.7% | R$614.1K | AddedR$514.6K | ▲ 1.2% | Utilities |
 ARML3 | Armac Locacao Logistica e Servicos SA | 4.3% | R$560.9K | Held | ▲ 42.1% | Finance |
 TEND3 | Construtora Tenda SA | 2.8% | R$360.2K | Trimmed−R$129.6K | ▼ 8.3% | Finance |
 DIRR3 | Direcional Engenharia S.A. | 2.7% | R$359.1K | AddedR$33.2K | ▼ 14.1% | Finance |
 SUZB3 | Suzano S.A. | 2.6% | R$342.5K | New | ▼ 18.3% | Process Industries |
 SBSP3 | Companhia de Saneamento Basico do Estado de Sao Paulo SABESP | 0.8% | R$110.9K | New | ▲ 2.8% | Utilities |
 GMAT3 | Grupo Mateus SA | 0.4% | R$58.7K | New | ▲ 20.0% | Retail Trade |
 NATU3 | Natura Cosmeticos SA | 0.3% | R$39.7K | Held | ▼ 26.7% | Consumer Non-Durables |
 BBAS3 | Banco do Brasil S.A. | 0.3% | R$36.8K | AddedR$32.2K | ▲ 5.2% | Finance |
 LREN3 | Lojas Renner S.A. | 0.3% | R$34.4K | Trimmed−R$28.4K | ▼ 0.2% | Retail Trade |
 ENJU3 | Enjoei SA | 0.2% | R$29.1K | AddedR$22.6K | ▲ 614.3% | Retail Trade |
 CURY3 | Cury Construtora e Incorporadora SA | 0.2% | R$28.3K | New | ▼ 7.4% | Finance |
Funds
Quota return, after fees
| Fund | Class | AUM | YTD | 12 months | Latest portfolio |
|---|---|---|---|---|---|
| ASA HEDGE | Multimercados Macro | R$99.6M | ▲ 8.7% | ▲ 15.8% | Jun/26 |
| WYSIATI | Multimercados Invest. no Exterior | R$51.9M | ▲ 15.8% | ▲ 34.2% | Jun/26 |
Past performance is no guarantee of future results.