Fundamenta
FUNDAMENTA ADMINISTRAÇÃO DE CARTEIRAS DE VALORES MOBILIARIOS LTDA
Portfolio as of March 2026compared with February 2026
In stocks
R$228.5M
Stocks
42
Top 10: 62%
Funds
2
YTD
▲ 21.7%
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$37.6M
- Sells
- −R$39.7M
- New positions
- 5
- Exited
- 10
Sectors
- Finance40.4%
- Utilities15.9%
- Energy Minerals14.3%
- BDRs5.8%
- Producer Manufacturing5.4%
- Industrial Services4.6%
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 |
|---|---|---|---|---|---|---|
 BRSR6 | Banco do Estado do Rio Grande do Sul SA | 11.5% | R$26.4M | AddedR$11.3M | ▲ 5.4% | Finance |
 PETR4 | Petroleo Brasileiro SA | 9.6% | R$22.0M | Held | ▲ 19.6% | Energy Minerals |
 BRAP4 | Bradespar SA | 7.5% | R$17.2M | Trimmed−R$2.2M | ▼ 13.1% | Finance |
 AXIA3 | AXIA Energia SA | 6.4% | R$14.6M | AddedR$5.6M | ▲ 1.2% | Utilities |
 CSMG3 | Companhia de Saneamento de Minas Gerais | 6.3% | R$14.4M | AddedR$2.4M | ▲ 10.1% | Utilities |
 ABCB4 | Banco ABC Brasil SA Conv | 5.3% | R$12.1M | Held | ▲ 17.5% | Finance |
 RECV3 | Petroreconcavo SA | 4.7% | R$10.8M | Held | ▼ 9.2% | Energy Minerals |
 LOGG3 | Log Commercial Properties e Participacoes SA | 4.6% | R$10.5M | Held | ▲ 10.4% | Industrial Services |
 AURA33 | Aura Minerals Inc | 3.5% | R$8.0M | AddedR$2.6M | ▲ 1.4% | BDR |
 GRND3 | Grendene S.A. | 3.0% | R$6.9M | Held | ▲ 1.9% | Consumer Non-Durables |
 JHSF3 | JHSF Participacoes S.A. | 2.9% | R$6.6M | Trimmed−R$5.4M | ▲ 53.1% | Finance |
 BBAS3 | Banco do Brasil S.A. | 2.8% | R$6.3M | Held | ▲ 5.2% | Finance |
 MDNE3 | Moura Dubeux Engenharia SA | 2.4% | R$5.5M | Held | ▼ 5.0% | Finance |
 MYPK3 | Iochpe Maxion S.A. | 2.3% | R$5.4M | Held | ▲ 32.1% | Producer Manufacturing |
 JBSS32 | JBS N.V. | 2.3% | R$5.3M | Held | ▼ 30.9% | BDR |
 PLPL3 | Plano & Plano Desenvolvimento Imobiliario Ltda | 1.7% | R$4.0M | Held | ▼ 39.3% | Finance |
 VBBR3 | Vibra Energia SA | 1.7% | R$3.8M | AddedR$2.5M | ▲ 16.0% | Retail Trade |
 CPLE3 | Companhia Paranaense de Energia | 1.6% | R$3.7M | Held | ▲ 14.4% | Utilities |
 SLCE3 | SLC Agricola S.A. | 1.4% | R$3.2M | Held | ▼ 8.7% | Process Industries |
 SEER3 | Grupo Ser Educacional SA | 1.4% | R$3.1M | New | ▲ 35.1% | Consumer Services |
 AXIA6 | – | 1.3% | R$3.0M | Held | – | Other |
 POMO4 | Marcopolo SA | 1.3% | R$3.0M | Held | ▼ 20.2% | Producer Manufacturing |
 ITSA4 | Itausa SA | 1.3% | R$2.9M | AddedR$1.7M | ▲ 13.0% | Finance |
 AXIA7 | AXIA Energia SA | 1.2% | R$2.8M | Held | ▲ 5.0% | Utilities |
 B3SA3 | B3 SA - Brasil, Bolsa, Balcao | 1.1% | R$2.6M | New | ▲ 28.9% | Finance |
 PGMN3 | Empreendimentos Pague Menos SA | 1.1% | R$2.5M | New | ▼ 8.2% | Retail Trade |
 PATI4 | – | 1.1% | R$2.4M | Trimmed−R$181.3K | – | Other |
 ALLD3 | Allied Tecnologia SA | 0.9% | R$2.1M | Held | ▲ 2.6% | Technology Services |
 ITUB4 | Itau Unibanco Holding SA | 0.9% | R$2.1M | Held | ▲ 12.2% | Finance |
 PATI3 | Panatlantica S.A. | 0.9% | R$2.0M | Trimmed−R$192.5K | ▼ 19.7% | Producer Manufacturing |
 ALOS3 | Allos S.A. | 0.7% | R$1.7M | New | ▲ 17.7% | Finance |
 BMGB4 | Banco Bmg SA BMG | 0.7% | R$1.7M | New | ▲ 43.6% | Finance |
 BBSE3 | BB Seguridade Participacoes SA | 0.7% | R$1.5M | Held | ▲ 21.5% | Finance |
 VALE3 | Vale S.A. | 0.6% | R$1.4M | Held | ▼ 20.7% | Non-Energy Minerals |
 RAPT4 | Randoncorp S.A. | 0.6% | R$1.3M | Held | ▲ 47.2% | Producer Manufacturing |
 SIMH3 | Simpar SA | 0.5% | R$1.2M | Held | ▲ 45.2% | Transportation |
 EGIE3 | ENGIE Brasil Energia S.A. | 0.4% | R$1.0M | Held | ▼ 4.8% | Utilities |
 EVEN3 | Even Construtora E Incorporadora S.A. | 0.4% | R$931.8K | Held | ▼ 20.2% | Finance |
 GOAU4 | Metalurgica Gerdau SA | 0.4% | R$914.3K | Held | ▲ 39.7% | Non-Energy Minerals |
 AGRO3 | BrasilAgro Cia Brasileira de Propriedades Agricolas | 0.4% | R$896.9K | Held | ▼ 13.5% | Finance |
 LEVE3 | Mahle-Metal Leve S.A. | 0.3% | R$699.8K | Held | ▲ 11.0% | Producer Manufacturing |
 CGRA4 | Grazziotin S.A. | 0.1% | R$308.6K | Held | ▼ 3.1% | Retail Trade |
Funds
Quota return, after fees
| Fund | Class | AUM | YTD | 12 months | Latest portfolio |
|---|---|---|---|---|---|
| FUNDAMENTA FI FINANCEIRO - CIA - RESP LIMITADA | Ações Livre | R$202.8M | ▲ 22.2% | ▲ 32.2% | Mar/26 |
| CENTAURO DO PAMPA | Ações Livre | R$52.3M | ▲ 19.7% | ▲ 23.5% | Sep/26 |
Past performance is no guarantee of future results.