Horto

HORTO GESTORA DE RECURSOS LTDA

Portfolio as of May 2026compared with April 2026

In stocks

R$4.6M

Stocks

Top 10: 99%

Funds

YTD

▲ 10.1%

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$0
Sells: R$0
New positions: 0
Exited: 0

Sectors

Utilities29.5%
Energy Minerals25.1%
Non-Energy Minerals20.5%
Finance18.4%
Other4.0%
Process Industries2.4%

Portfolio

All of the manager's funds combined · since then: today's price vs. May/26

Stock	Company	% of stock portfolio	Value	Month	Since then	Sector
PETR4	Petroleo Brasileiro SA	25.1%	R$1.2M	Held	▲ 38.6%	Energy Minerals
CPLE3	Companhia Paranaense de Energia	14.6%	R$680.0K	Held	▲ 21.2%	Utilities
VALE3	Vale S.A.	11.8%	R$546.6K	Held	▼ 21.0%	Non-Energy Minerals
ITUB4	Itau Unibanco Holding SA	10.7%	R$499.0K	Held	▲ 21.9%	Finance
GOAU4	Metalurgica Gerdau SA	8.7%	R$405.1K	Held	▲ 21.7%	Non-Energy Minerals
BBAS3	Banco do Brasil S.A.	7.5%	R$349.2K	Held	▲ 19.2%	Finance
EGIE3	ENGIE Brasil Energia S.A.	7.0%	R$324.4K	Held	▼ 5.6%	Utilities
ISAE4	Isa Energia Brasil SA	7.0%	R$324.4K	Held	▲ 7.7%	Utilities
AXIA6	–	4.0%	R$187.9K	Held	–	Other
UNIP6	Unipar Carbocloro SA	2.4%	R$112.1K	Held	▲ 1.8%	Process Industries
AXIA7	AXIA Energia SA	0.9%	R$43.7K	Held	▲ 18.1%	Utilities
BBSE3	BB Seguridade Participacoes SA	0.2%	R$7.1K	Held	▲ 19.5%	Finance

Funds

Quota return, after fees

Fund	Class	AUM	YTD	12 months	Latest portfolio
JADE FI FINANCEIRO MULTIMERCADO	Multimercados Invest. no Exterior	R$58.1M	▲ 10.1%	▲ 14.1%	May/26

Past performance is no guarantee of future results.