Bresser

BRESSER ADMINISTRAÇÃO DE RECURSOS LTDA

Portfolio as of March 2026compared with January 2026

In stocks

R$215.3M

Stocks

Top 10: 100%

Funds

YTD

▲ 23.3%

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$54.2M
Sells: −R$24.2M
New positions: 1
Exited: 4

Sectors

Utilities66.8%
Finance23.2%
Energy Minerals9.9%

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
ITUB4	Itau Unibanco Holding SA	16.5%	R$35.5M	AddedR$3.6M	▲ 12.2%	Finance
ENEV3	Eneva S.A.	16.3%	R$35.1M	AddedR$6.6M	▲ 30.4%	Utilities
CSMG3	Companhia de Saneamento de Minas Gerais	14.2%	R$30.7M	AddedR$9.5M	▲ 10.1%	Utilities
AXIA3	AXIA Energia SA	14.2%	R$30.6M	AddedR$2.3M	▲ 1.2%	Utilities
PETR4	Petroleo Brasileiro SA	9.9%	R$21.4M	New	▲ 19.6%	Energy Minerals
SBSP3	Companhia de Saneamento Basico do Estado de Sao Paulo SABESP	9.6%	R$20.7M	AddedR$6.5M	▲ 2.8%	Utilities
EQTL3	Equatorial S.A.	9.1%	R$19.5M	Trimmed−R$1.9M	▲ 21.6%	Utilities
CURY3	Cury Construtora e Incorporadora SA	5.3%	R$11.5M	AddedR$4.3M	▼ 7.4%	Finance
AXIA7	AXIA Energia SA	3.4%	R$7.4M	Held	▲ 5.0%	Utilities
PLPL3	Plano & Plano Desenvolvimento Imobiliario Ltda	1.4%	R$3.1M	Trimmed−R$3.2M	▼ 39.3%	Finance
BPAC11	Banco BTG Pactual SA	0.0%	R$1.0K	Trimmed−R$16.9K	▲ 45.2%	Finance