Bahia AM Renda Variável
BAHIA AM RENDA VARIÁVEL LTDA
Portfolio as of March 2026compared with February 2026
In stocks
R$574.0M
Stocks
53
Top 10: 54%
Funds
5
YTD
▲ 30.7%
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
- Buys
- +R$112.1M
- Sells
- −R$102.2M
- New positions
- 4
- Exited
- 6
Sectors
- Finance37.3%
- Energy Minerals15.4%
- Retail Trade11.5%
- Other8.4%
- Non-Energy Minerals8.2%
- Utilities6.9%
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 |
|---|---|---|---|---|---|---|
 VALE3 | Vale S.A. | 8.2% | R$47.0M | Trimmed−R$1.4M | ▼ 20.7% | Non-Energy Minerals |
 BBDC4 | Banco Bradesco SA | 7.6% | R$43.7M | Held | ▲ 7.9% | Finance |
 PETR4 | Petroleo Brasileiro SA | 6.4% | R$36.6M | Trimmed−R$5.6M | ▲ 19.6% | Energy Minerals |
 ITUB4 | Itau Unibanco Holding SA | 5.7% | R$32.7M | Held | ▲ 12.2% | Finance |
 PRIO3 | Prio SA | 4.7% | R$27.0M | AddedR$920.3K | ▲ 7.6% | Energy Minerals |
 RENT3 | Localiza Rent A Car SA | 4.5% | R$26.0M | AddedR$19.7M | ▲ 12.5% | Finance |
 ALOS3 | Allos S.A. | 4.4% | R$25.4M | AddedR$3.7M | ▲ 17.7% | Finance |
 ITSA4 | Itausa SA | 4.3% | R$25.0M | Held | ▲ 13.0% | Finance |
 PETR3 | Petroleo Brasileiro SA | 4.3% | R$24.5M | Trimmed−R$2.5M | ▲ 20.3% | Energy Minerals |
 CURY3 | Cury Construtora e Incorporadora SA | 3.7% | R$21.5M | AddedR$5.1M | ▼ 7.4% | Finance |
 MOTV3 | Motiva Infraestrutura de Mobilidade SA | 3.7% | R$21.5M | New | ▲ 29.0% | Transportation |
 NEOE3 | – | 3.7% | R$21.3M | Held | – | Other |
 ODPV3 | – | 3.5% | R$20.4M | AddedR$11.7M | – | Other |
 TEND3 | Construtora Tenda SA | 3.5% | R$20.2M | AddedR$10.6M | ▼ 8.3% | Finance |
 RADL3 | Raia Drogasil S.A. | 3.4% | R$19.8M | Trimmed−R$1.6M | ▼ 8.2% | Retail Trade |
 VBBR3 | Vibra Energia SA | 3.4% | R$19.5M | AddedR$2.1M | ▲ 16.0% | Retail Trade |
 ENEV3 | Eneva S.A. | 3.0% | R$17.3M | Trimmed−R$8.2M | ▲ 30.4% | Utilities |
 SUZB3 | Suzano S.A. | 2.9% | R$16.6M | AddedR$15.4M | ▼ 18.3% | Process Industries |
 EMBJ3 | Embraer S.A. | 2.5% | R$14.5M | AddedR$7.9M | ▲ 18.0% | Electronic Technology |
 B3SA3 | B3 SA - Brasil, Bolsa, Balcao | 2.4% | R$13.8M | AddedR$2.8M | ▲ 28.9% | Finance |
 CPLE3 | Companhia Paranaense de Energia | 2.2% | R$12.7M | Trimmed−R$10.8M | ▲ 14.4% | Utilities |
 CEAB3 | C&A Modas SA | 2.1% | R$11.9M | Trimmed−R$2.5M | ▲ 17.9% | Retail Trade |
 LREN3 | Lojas Renner S.A. | 2.0% | R$11.5M | AddedR$837.8K | ▼ 0.2% | Retail Trade |
 AXIA7 | AXIA Energia SA | 1.7% | R$9.8M | AddedR$4.0M | ▲ 5.0% | Utilities |
 INBR32 | Inter & Co., Inc. | 1.6% | R$8.9M | Held | ▼ 20.1% | BDR |
 AXIA6 | – | 1.1% | R$6.5M | Trimmed−R$27.2M | – | Other |
 DESK3 | Desktop SA | 1.1% | R$6.1M | AddedR$1.5M | ▲ 6.8% | Communications |
 PGMN3 | Empreendimentos Pague Menos SA | 0.6% | R$3.6M | New | ▼ 8.2% | Retail Trade |
 WEGE3 | WEG SA | 0.5% | R$2.8M | Trimmed−R$3.2M | ▼ 4.4% | Producer Manufacturing |
 BBDC3 | Banco Bradesco SA | 0.4% | R$2.5M | Held | ▲ 9.1% | Finance |
 BRAP4 | Bradespar SA | 0.4% | R$2.5M | Held | ▼ 13.1% | Finance |
 CYRE3 | Cyrela Brazil Realty SA Empreendimentos e Participacoes | 0.1% | R$721.2K | AddedR$635.7K | ▲ 26.0% | Finance |
 MULT3 | Multiplan Empreendimentos Imobiliarios SA | 0.0% | R$73.6K | AddedR$56.2K | ▲ 19.3% | Finance |
 RECV3 | Petroreconcavo SA | 0.0% | R$44.6K | AddedR$32.7K | ▼ 9.2% | Energy Minerals |
 KLBN11 | Klabin SA Ctf de Deposito de Acoes Cons of 1 Sh + 4 | 0.0% | R$39.0K | Held | ▼ 5.6% | Non-Energy Minerals |
 UGPA3 | Ultrapar Participacoes S.A. | 0.0% | R$8.6K | Trimmed−R$5.7K | ▲ 38.5% | Retail Trade |
 VIVT3 | Telefonica Brasil S.A. | 0.0% | R$8.2K | Trimmed−R$4.1K | ▼ 21.9% | Communications |
 ABEV3 | Ambev SA | 0.0% | R$7.6K | Trimmed−R$58.0K | ▲ 10.5% | Consumer Non-Durables |
 TIMS3 | TIM S.A. | 0.0% | R$5.5K | Trimmed−R$8.2K | ▼ 30.7% | Communications |
 RDOR3 | Rede D'Or Sao Luiz SA | 0.0% | R$3.9K | Trimmed−R$6.8M | ▲ 13.1% | Health Services |
 BBSE3 | BB Seguridade Participacoes SA | 0.0% | R$3.5K | Trimmed−R$59.2K | ▲ 21.5% | Finance |
 VIVA3 | Vivara Participacoes SA | 0.0% | R$2.6K | Trimmed−R$10.4K | ▲ 6.6% | Consumer Durables |
 SMFT3 | Smartfit Escola de Ginastica e Danca SA | 0.0% | R$1.9K | Trimmed−R$10.9M | ▲ 33.9% | Consumer Services |
 ASAI3 | Sendas Distribuidora SA | 0.0% | R$1.9K | Trimmed−R$2.8K | ▲ 47.5% | Retail Trade |
 RAIL3 | Rumo SA | 0.0% | R$1.6K | New | ▲ 18.8% | Transportation |
 CSAN3 | Cosan S.A. | 0.0% | R$1.6K | Trimmed−R$11.3K | ▼ 2.0% | Utilities |
 LWSA3 | LWSA S.A. | 0.0% | R$1.5K | Trimmed−R$12.9K | ▲ 46.6% | Technology Services |
 DIRR3 | Direcional Engenharia S.A. | 0.0% | R$1.3K | Trimmed−R$6.0M | ▼ 14.1% | Finance |
 BEEF3 | Minerva S.A. | 0.0% | R$1.3K | Trimmed−R$9.4K | ▲ 1.9% | Distribution Services |
 CSNA3 | Companhia Siderurgica Nacional | 0.0% | R$1.3K | Trimmed−R$9.5K | ▼ 5.1% | Non-Energy Minerals |
 ALPA4 | Alpargatas SA | 0.0% | R$1.2K | Trimmed−R$9.9K | ▲ 44.7% | Consumer Non-Durables |
 YDUQ3 | YDUQS Participacoes SA | 0.0% | R$1.2K | New | ▲ 19.6% | Commercial Services |
 NATU3 | Natura Cosmeticos SA | 0.0% | R$1.0K | Trimmed−R$15.7K | ▼ 26.7% | Consumer Non-Durables |
Funds
Quota return, after fees
| Fund | Class | AUM | YTD | 12 months | Latest portfolio |
|---|---|---|---|---|---|
| BAHIA AM VALUATION MASTER | Ações Livre | R$509.0M | ▲ 31.4% | ▲ 45.0% | Mar/26 |
| BAHIA AM PRECE VALOR | Ações Livre | R$144.6M | ▲ 29.3% | ▲ 40.6% | Mar/26 |
| BAHIA AM LONG BIASED MÁSTER | Multimercados Livre | R$72.6M | ▲ 29.0% | ▲ 40.4% | Jun/26 |
| BAHIA AM II | Ações Livre | R$61.7M | ▲ 30.5% | ▲ 43.3% | Mar/26 |
| BAHIA AM UNA EQUITY HEDGE | Multimercados L/S - Neutro | R$0 | – | – | Jun/26 |
Past performance is no guarantee of future results.