Joule

JOULE - GESTAO DE RECURSOS E VALORES MOBILIARIOS LTDA

Portfolio as of March 2026compared with February 2026

In stocks

R$127.9M

Stocks

Top 10: 77%

Funds

YTD

▲ 46.3%

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$20.6M
Sells: −R$21.4M
New positions: 3
Exited: 2

Sectors

Finance32.6%
Energy Minerals16.4%
BDRs14.2%
Utilities7.6%
Retail Trade7.2%
Communications5.3%

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
MDNE3	Moura Dubeux Engenharia SA	18.8%	R$24.1M	Trimmed−R$2.1M	▼ 5.0%	Finance
PRIO3	Prio SA	14.2%	R$18.2M	Trimmed−R$6.6M	▲ 7.6%	Energy Minerals
TEND3	Construtora Tenda SA	10.3%	R$13.1M	AddedR$1.0M	▼ 8.3%	Finance
EQTL3	Equatorial S.A.	5.6%	R$7.2M	New	▲ 21.6%	Utilities
FIQE3	Unifique Telecomunicacoes SA	5.3%	R$6.8M	Held	▼ 10.8%	Communications
TRIS3	Trisul S.A.	5.0%	R$6.5M	Trimmed−R$265.4K	▲ 18.4%	Consumer Durables
MUTC34	Micron Technology Inc	5.0%	R$6.4M	AddedR$699.2K	▲ 158.1%	BDR
AMZO34	Amazon.com, Inc.	4.5%	R$5.7M	AddedR$3.4M	▲ 22.1%	BDR
CEAB3	C&A Modas SA	4.0%	R$5.2M	Trimmed−R$314.6K	▲ 17.9%	Retail Trade
SEER3	Grupo Ser Educacional SA	3.9%	R$5.0M	Trimmed−R$1.5M	▲ 35.1%	Consumer Services
SBFG3	Grupo SBF S.A.	3.2%	R$4.0M	AddedR$1.7M	▼ 3.8%	Retail Trade
M1TA34	Meta Platforms Inc	3.2%	R$4.0M	AddedR$737.3K	▲ 18.3%	BDR
MOVI3	Movida Participacoes SA	2.9%	R$3.7M	Trimmed−R$1.6M	▲ 54.6%	Finance
BMOB3	Bemobi Mobile Tech SA	2.6%	R$3.3M	AddedR$1.4M	▲ 24.6%	Technology Services
SIMH3	Simpar SA	2.4%	R$3.1M	Trimmed−R$4.2M	▲ 45.2%	Transportation
PETR4	Petroleo Brasileiro SA	2.2%	R$2.8M	New	▲ 19.6%	Energy Minerals
NVDC34	NVIDIA Corporation	1.6%	R$2.0M	Held	▲ 20.3%	BDR
JSLG3	JSL S.A.	1.5%	R$2.0M	AddedR$229.2K	▲ 55.5%	Transportation
LIGT3	Light S.A.	1.3%	R$1.7M	Held	▼ 21.7%	Utilities
CSED3	Cruzeiro do Sul Educacional SA	1.1%	R$1.4M	New	▲ 32.7%	Consumer Services
CPLE3	Companhia Paranaense de Energia	0.7%	R$879.5K	Trimmed−R$361.5K	▲ 14.4%	Utilities
VAMO3	Vamos Locacao de Caminhoes, Maquinas e Equipamentos SA	0.6%	R$818.4K	Held	▲ 78.5%	Finance
MAGG3	–	0.1%	R$102.2K	Held	–	Other
AMER3	Americanas SA	0.0%	R$12.5K	Held	▲ 33.2%	Retail Trade