B.side
B.SIDE WEALTH MANAGEMENT CONSULTORIA E GESTÃO DE RECURSOS LTDA
Portfolio as of December 2025
In stocks
R$108.3M
Stocks
48
Top 10: 79%
Funds
1
YTD
▲ 9.7%
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
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Sectors
- Finance40.1%
- Utilities21.7%
- Process Industries9.9%
- Non-Energy Minerals8.7%
- Consumer Non-Durables7.1%
- Energy Minerals4.7%
Portfolio
All of the manager's funds combined · since then: today's price vs. Dec/25
| Stock | Company | % of stock portfolio | Value | Since then | Sector |
|---|---|---|---|---|---|
 IRBR3 | IRB Brasil Resseguros SA | 22.6% | R$24.5M | ▲ 30.0% | Finance |
 CSMG3 | Companhia de Saneamento de Minas Gerais | 14.4% | R$15.6M | ▲ 44.7% | Utilities |
 VALE3 | Vale S.A. | 7.7% | R$8.4M | ▼ 9.1% | Non-Energy Minerals |
 SUZB3 | Suzano S.A. | 7.5% | R$8.1M | ▼ 17.6% | Process Industries |
 ABEV3 | Ambev SA | 5.8% | R$6.3M | ▲ 21.6% | Consumer Non-Durables |
 ITUB4 | Itau Unibanco Holding SA | 5.8% | R$6.3M | ▲ 24.4% | Finance |
 PETR4 | Petroleo Brasileiro SA | 4.7% | R$5.1M | ▲ 88.9% | Energy Minerals |
 EQTL3 | Equatorial S.A. | 4.7% | R$5.1M | ▲ 28.8% | Utilities |
 GGPS3 | GPS Participacoes e Empreendimentos SA | 2.7% | R$2.9M | ▲ 1.1% | Commercial Services |
 PSSA3 | Porto Seguro S.A. | 2.7% | R$2.9M | ▲ 8.8% | Finance |
 VITT3 | Vittia S.A. | 2.3% | R$2.5M | ▼ 13.9% | Process Industries |
 B3SA3 | B3 SA - Brasil, Bolsa, Balcao | 2.2% | R$2.4M | ▲ 70.7% | Finance |
 ABCB4 | Banco ABC Brasil SA Conv | 2.2% | R$2.4M | ▲ 25.9% | Finance |
 RENT3 | Localiza Rent A Car SA | 1.9% | R$2.0M | ▲ 21.3% | Finance |
 ENEV3 | Eneva S.A. | 1.3% | R$1.5M | ▲ 58.6% | Utilities |
 UGPA3 | Ultrapar Participacoes S.A. | 1.3% | R$1.4M | ▲ 90.3% | Retail Trade |
 VULC3 | Vulcabras SA | 1.2% | R$1.3M | ▼ 18.0% | Consumer Non-Durables |
 NEOE3 | – | 1.2% | R$1.3M | – | Other |
 TEND3 | Construtora Tenda SA | 1.1% | R$1.2M | ▲ 16.4% | Finance |
 DIRR3 | Direcional Engenharia S.A. | 1.0% | R$1.0M | ▼ 19.1% | Finance |
 GGBR4 | Gerdau S.A. | 0.9% | R$978.7K | ▲ 28.7% | Non-Energy Minerals |
 TUPY3 | Tupy S.A. | 0.8% | R$908.2K | ▲ 66.2% | Producer Manufacturing |
 AXIA7 | AXIA Energia SA | 0.8% | R$884.7K | ▲ 21.1% | Utilities |
 SBSP3 | Companhia de Saneamento Basico do Estado de Sao Paulo SABESP | 0.4% | R$473.5K | ▲ 22.2% | Utilities |
 AXIA6 | – | 0.3% | R$323.8K | – | Other |
 VBBR3 | Vibra Energia SA | 0.2% | R$255.3K | ▲ 44.8% | Retail Trade |
 HYPE3 | Hypera S.A. | 0.2% | R$210.8K | ▲ 15.7% | Health Technology |
 CYRE3 | Cyrela Brazil Realty SA Empreendimentos e Participacoes | 0.2% | R$207.6K | ▲ 38.2% | Finance |
 BBDC4 | Banco Bradesco SA | 0.2% | R$170.1K | ▲ 13.7% | Finance |
 VIVT3 | Telefonica Brasil S.A. | 0.2% | R$164.4K | ▼ 2.7% | Communications |
 ITSA4 | Itausa SA | 0.1% | R$160.8K | ▲ 35.3% | Finance |
 WEGE3 | WEG SA | 0.1% | R$151.2K | ▲ 0.6% | Producer Manufacturing |
 VIVA3 | Vivara Participacoes SA | 0.1% | R$134.5K | ▼ 16.9% | Consumer Durables |
 PGMN3 | Empreendimentos Pague Menos SA | 0.1% | R$134.3K | ▼ 6.4% | Retail Trade |
 RAIL3 | Rumo SA | 0.1% | R$122.6K | ▲ 30.8% | Transportation |
 ECOR3 | EcoRodovias Infraestrutura e Logistica S.A. | 0.1% | R$121.6K | ▲ 29.7% | Transportation |
 MOTV3 | Motiva Infraestrutura de Mobilidade SA | 0.1% | R$117.5K | ▲ 35.5% | Transportation |
 HAPV3 | Hapvida Participacoes e Investimentos SA | 0.1% | R$110.5K | ▼ 35.2% | Health Services |
 USIM5 | Usinas Siderurgicas de Minas Gerais SA-Usiminas | 0.1% | R$89.3K | ▲ 13.9% | Non-Energy Minerals |
 LWSA3 | LWSA S.A. | 0.1% | R$85.2K | ▲ 30.8% | Technology Services |
 RENT4 | Localiza Rent A Car SA | 0.1% | R$74.9K | ▲ 23.8% | Finance |
 RADL3 | Raia Drogasil S.A. | 0.0% | R$50.1K | ▼ 7.8% | Retail Trade |
 ENJU3 | Enjoei SA | 0.0% | R$31.9K | ▲ 647.7% | Retail Trade |
 AXIA3 | AXIA Energia SA | 0.0% | R$50.61 | ▲ 17.1% | Utilities |
 CURY3 | Cury Construtora e Incorporadora SA | 0.0% | R$32.23 | ▲ 1.6% | Finance |
 TIMS3 | TIM S.A. | 0.0% | R$21.34 | ▼ 10.8% | Communications |
 CPLE3 | Companhia Paranaense de Energia | 0.0% | R$13.08 | ▲ 34.9% | Utilities |
 COGN3 | Cogna Educacao S.A. | 0.0% | R$3.16 | ▲ 2.8% | Commercial Services |
Funds
Quota return, after fees
| Fund | Class | AUM | YTD | 12 months | Latest portfolio |
|---|---|---|---|---|---|
| ASA GAUSS | Multimercados Macro | R$165.5M | ▲ 9.7% | ▲ 17.8% | Jun/26 |
Past performance is no guarantee of future results.