Investfort

INVESTFORT GESTÃO DE INVESTIMENTOS LTDA

Portfolio as of September 2026compared with August 2026

In stocks

R$256.3M

Stocks

Top 10: 93%

Funds

YTD

▲ 14.6%

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$2.9M
Sells: −R$284.7K
New positions: 1
Exited: 4

Sectors

Non-Energy Minerals44.4%
Finance31.3%
Utilities13.6%
Communications5.2%
BDRs1.8%
Energy Minerals1.8%

Portfolio

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

Stock	Company	% of stock portfolio	Value	Month	Since then	Sector
GOAU4	Metalurgica Gerdau SA	26.6%	R$68.3M	Held	▲ 9.0%	Non-Energy Minerals
VALE3	Vale S.A.	13.7%	R$35.1M	Held	▼ 6.4%	Non-Energy Minerals
BRAP3	Bradespar S.A.	12.8%	R$32.7M	Held	▲ 1.5%	Finance
ISAE4	Isa Energia Brasil SA	11.8%	R$30.2M	Held	▲ 5.5%	Utilities
BRAP4	Bradespar SA	7.9%	R$20.2M	Held	▼ 0.9%	Finance
ALOS3	Allos S.A.	7.5%	R$19.2M	Held	▲ 21.1%	Finance
VIVT3	Telefonica Brasil S.A.	5.2%	R$13.3M	Held	▲ 8.0%	Communications
GOAU3	Metalurgica Gerdau S.A.	4.1%	R$10.6M	Held	▲ 7.8%	Non-Energy Minerals
JBSS32	JBS N.V.	1.8%	R$4.6M	Held	▲ 11.2%	BDR
BBSE3	BB Seguridade Participacoes SA	1.7%	R$4.3M	Held	▲ 8.0%	Finance
PETR4	Petroleo Brasileiro SA	1.5%	R$3.9M	Held	▲ 18.5%	Energy Minerals
AURE3	Auren Energia SA	0.9%	R$2.2M	Held	▲ 16.7%	Utilities
IRBR3	IRB Brasil Resseguros SA	0.7%	R$1.8M	AddedR$616.6K	▲ 13.2%	Finance
VULC3	Vulcabras SA	0.6%	R$1.7M	AddedR$276.4K	▲ 19.0%	Consumer Non-Durables
PASS3	Compass Gas e Energia SA	0.5%	R$1.4M	AddedR$229.0K	▲ 22.8%	Utilities
SUZB3	Suzano S.A.	0.5%	R$1.3M	Held	▼ 4.1%	Process Industries
CPFE3	CPFL Energia S.A.	0.4%	R$910.2K	AddedR$682.7K	▲ 10.0%	Utilities
ABCB4	Banco ABC Brasil SA Conv	0.3%	R$771.8K	AddedR$129.1K	▲ 15.3%	Finance
LEVE3	Mahle-Metal Leve S.A.	0.3%	R$682.8K	AddedR$170.7K	▲ 13.7%	Producer Manufacturing
PRIO3	Prio SA	0.2%	R$609.0K	Held	▲ 17.0%	Energy Minerals
CXSE3	Caixa Seguridade Participacoes SA	0.2%	R$596.4K	Held	▲ 7.1%	Finance
BBDC3	Banco Bradesco SA	0.2%	R$496.8K	AddedR$172.4K	▲ 12.4%	Finance
HYPE3	Hypera S.A.	0.2%	R$489.6K	AddedR$362.3K	▲ 11.3%	Health Technology
UGPA3	Ultrapar Participacoes S.A.	0.1%	R$376.5K	AddedR$188.3K	▲ 5.6%	Retail Trade
FIQE3	Unifique Telecomunicacoes SA	0.1%	R$151.2K	Held	▲ 24.0%	Communications
EGIE3	ENGIE Brasil Energia S.A.	0.1%	R$147.3K	Held	▲ 6.0%	Utilities
JHSF3	JHSF Participacoes S.A.	0.0%	R$117.3K	AddedR$58.7K	▲ 21.0%	Finance
CMIG4	Companhia Energetica de Minas Gerais SA	0.0%	R$55.8K	Trimmed−R$55.8K	▲ 6.0%	Utilities
POMO4	Marcopolo SA	0.0%	R$52.3K	Trimmed−R$31.3K	▲ 18.4%	Producer Manufacturing
TASA4	Taurus Armas S.A.	0.0%	R$41.5K	Held	▲ 20.4%	Electronic Technology
BBDC4	Banco Bradesco SA	0.0%	R$795.93	New	▲ 11.7%	Finance