Indie Capital

INDIE CAPITAL INVESTIMENTOS LTDA.

Portfolio as of March 2026compared with February 2026

In stocks

R$262.9M

Stocks

Top 10: 58%

Funds

YTD

▲ 21.3%

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$61.9M
Sells: −R$104.0M
New positions: 6
Exited: 4

Sectors

Finance34.6%
Utilities20.9%
Transportation8.6%
Consumer Services6.9%
Commercial Services5.9%
Retail Trade5.6%

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
AXIA7	AXIA Energia SA	9.7%	R$25.4M	AddedR$5.4M	▲ 5.0%	Utilities
BBDC4	Banco Bradesco SA	8.1%	R$21.3M	AddedR$10.8M	▲ 7.9%	Finance
SMFT3	Smartfit Escola de Ginastica e Danca SA	6.9%	R$18.2M	Trimmed−R$3.3M	▲ 33.9%	Consumer Services
ORVR3	Orizon Valorizacao de Residuos SA	5.9%	R$15.5M	Trimmed−R$4.2M	▲ 15.2%	Utilities
RAIL3	Rumo SA	5.4%	R$14.2M	New	▲ 18.8%	Transportation
ITUB4	Itau Unibanco Holding SA	5.2%	R$13.6M	Trimmed−R$2.4M	▲ 12.2%	Finance
MULT3	Multiplan Empreendimentos Imobiliarios SA	5.1%	R$13.5M	Trimmed−R$6.5M	▲ 19.3%	Finance
BRAV3	Brava Energia SA	4.3%	R$11.2M	New	▲ 1.9%	Energy Minerals
OPCT3	OceanPact Servicos Maritimos SA	3.9%	R$10.2M	Trimmed−R$1.2M	▲ 7.0%	Commercial Services
B3SA3	B3 SA - Brasil, Bolsa, Balcao	3.8%	R$10.0M	Trimmed−R$2.3M	▲ 28.9%	Finance
EQTL3	Equatorial S.A.	3.6%	R$9.4M	Trimmed−R$7.7M	▲ 21.6%	Utilities
SUZB3	Suzano S.A.	3.4%	R$9.0M	Held	▼ 18.3%	Process Industries
RADL3	Raia Drogasil S.A.	3.4%	R$9.0M	Trimmed−R$190.6K	▼ 8.2%	Retail Trade
MOTV3	Motiva Infraestrutura de Mobilidade SA	3.3%	R$8.6M	Trimmed−R$1.0M	▲ 29.0%	Transportation
INTB3	Intelbras SA Industria de Telecomunicacao Eletronica Brasileir	3.0%	R$7.8M	Trimmed−R$9.0M	▲ 35.0%	Technology Services
ROXO34	Nu Holdings Ltd.	2.9%	R$7.7M	Trimmed−R$4.8M	▲ 2.2%	BDR
CURY3	Cury Construtora e Incorporadora SA	2.8%	R$7.3M	AddedR$3.2M	▼ 7.4%	Finance
RDOR3	Rede D'Or Sao Luiz SA	2.7%	R$7.0M	New	▲ 13.1%	Health Services
PLPL3	Plano & Plano Desenvolvimento Imobiliario Ltda	2.6%	R$6.9M	Trimmed−R$4.3M	▼ 39.3%	Finance
ALOS3	Allos S.A.	2.4%	R$6.3M	Trimmed−R$3.4M	▲ 17.7%	Finance
PNVL3	Dimed S.A. Distribuidora de Medicamentos	2.2%	R$5.7M	Trimmed−R$1.3M	▲ 11.4%	Retail Trade
RENT3	Localiza Rent A Car SA	1.8%	R$4.8M	Trimmed−R$11.0M	▲ 12.5%	Finance
CSAN3	Cosan S.A.	1.7%	R$4.6M	Held	▼ 2.0%	Utilities
MOVI3	Movida Participacoes SA	1.5%	R$3.9M	New	▲ 54.6%	Finance
TTEN3	Tres Tentos Agroindustrial SA	1.2%	R$3.1M	Trimmed−R$2.6M	▼ 12.9%	Commercial Services
SMTO3	Sao Martinho S.A.	1.2%	R$3.1M	New	▲ 0.3%	Process Industries
TEND3	Construtora Tenda SA	1.2%	R$3.1M	New	▼ 8.3%	Finance
GGPS3	GPS Participacoes e Empreendimentos SA	0.8%	R$2.1M	Trimmed−R$10.1M	▼ 2.2%	Commercial Services
RENT4	Localiza Rent A Car SA	0.2%	R$481.1K	Trimmed−R$104.2K	▲ 13.4%	Finance