Constellation
CONSTELLATION INVESTIMENTOS E PARTICIPAÇÕES LTDA
Portfolio as of March 2026compared with February 2026
In stocks
R$947.6M
Stocks
19
Top 10: 80%
Funds
4
YTD
▲ 19.7%
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$169.7M
- Sells
- −R$156.6M
- New positions
- 2
- Exited
- 2
Sectors
- Utilities45.1%
- Finance28.0%
- BDRs8.0%
- Energy Minerals6.9%
- Health Services6.5%
- Technology Services3.5%
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 |
|---|---|---|---|---|---|---|
 ENEV3 | Eneva S.A. | 15.0% | R$142.5M | Trimmed−R$3.4M | ▲ 30.4% | Utilities |
 EQTL3 | Equatorial S.A. | 13.6% | R$128.6M | Trimmed−R$3.2M | ▲ 21.6% | Utilities |
 ITUB4 | Itau Unibanco Holding SA | 10.4% | R$98.2M | Trimmed−R$2.1M | ▲ 12.2% | Finance |
 CPLE3 | Companhia Paranaense de Energia | 8.4% | R$79.8M | AddedR$62.2M | ▲ 14.4% | Utilities |
 B3SA3 | B3 SA - Brasil, Bolsa, Balcao | 8.4% | R$79.3M | AddedR$14.9M | ▲ 28.9% | Finance |
 RDOR3 | Rede D'Or Sao Luiz SA | 6.5% | R$61.9M | AddedR$16.1M | ▲ 13.1% | Health Services |
 ROXO34 | Nu Holdings Ltd. | 5.7% | R$53.5M | Trimmed−R$1.8M | ▲ 2.2% | BDR |
 CURY3 | Cury Construtora e Incorporadora SA | 4.8% | R$45.6M | AddedR$11.2M | ▼ 7.4% | Finance |
 AXIA3 | AXIA Energia SA | 4.1% | R$38.8M | Trimmed−R$22.1M | ▲ 1.2% | Utilities |
 PETR4 | Petroleo Brasileiro SA | 3.5% | R$33.3M | Trimmed−R$13.8M | ▲ 19.6% | Energy Minerals |
 TOTS3 | TOTVS S.A. | 3.5% | R$32.8M | Trimmed−R$16.2M | ▲ 20.4% | Technology Services |
 PRIO3 | Prio SA | 3.3% | R$31.7M | AddedR$10.6M | ▲ 7.6% | Energy Minerals |
 RENT3 | Localiza Rent A Car SA | 3.2% | R$30.8M | New | ▲ 12.5% | Finance |
 SBSP3 | Companhia de Saneamento Basico do Estado de Sao Paulo SABESP | 2.5% | R$23.9M | New | ▲ 2.8% | Utilities |
 SMFT3 | Smartfit Escola de Ginastica e Danca SA | 2.0% | R$19.4M | Trimmed−R$11.4M | ▲ 33.9% | Consumer Services |
 AXIA7 | AXIA Energia SA | 1.5% | R$13.9M | Held | ▲ 5.0% | Utilities |
 MELI34 | MercadoLibre, Inc. | 1.3% | R$12.6M | Trimmed−R$32.2M | ▲ 5.6% | BDR |
 CYRE3 | Cyrela Brazil Realty SA Empreendimentos e Participacoes | 1.2% | R$11.5M | Trimmed−R$8.3M | ▲ 26.0% | Finance |
 INBR32 | Inter & Co., Inc. | 1.0% | R$9.3M | Trimmed−R$268.5K | ▼ 20.1% | BDR |
Exited this month
Funds
Quota return, after fees
| Fund | Class | AUM | YTD | 12 months | Latest portfolio |
|---|---|---|---|---|---|
| CONSTELLATION QUALIFICADO MASTER | Ações Livre | R$510.1M | ▲ 19.9% | ▲ 27.9% | Mar/26 |
| CONSTELLATION MASTER | Ações Livre | R$410.2M | ▲ 19.9% | ▲ 27.8% | Mar/26 |
| CONSTELLATION AT MASTER Q | Ações Livre | R$82.3M | ▲ 19.4% | ▲ 27.4% | Mar/26 |
| CONSTELLATION 100 PREV | Previdência Multimercado Livre | R$64.2M | ▲ 18.1% | ▲ 25.8% | Sep/26 |
Past performance is no guarantee of future results.