Kinea
KINEA INVESTIMENTOS LTDA.
Portfolio as of September 2026compared with June 2026
In stocks
R$1.9B
Stocks
110
Top 10: 48%
Funds
15
YTD
▲ 11.3%
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$659.6M
- Sells
- −R$641.1M
- New positions
- 15
- Exited
- 20
Sectors
- Finance33.0%
- Utilities17.4%
- Non-Energy Minerals11.0%
- Retail Trade9.5%
- Electronic Technology9.4%
- Health Services3.7%
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 |
|---|---|---|---|---|---|---|
 EMBJ3 | Embraer S.A. | 9.4% | R$175.7M | Trimmed−R$5.5M | ▼ 6.7% | Electronic Technology |
 CBAV3 | Companhia Brasileira de Aluminio | 7.8% | R$145.9M | AddedR$32.4M | ▲ 0.4% | Non-Energy Minerals |
 TEND3 | Construtora Tenda SA | 6.1% | R$113.0M | AddedR$22.7M | ▲ 5.9% | Finance |
 VBBR3 | Vibra Energia SA | 4.5% | R$83.2M | AddedR$71.5M | ▼ 1.3% | Retail Trade |
 SBSP3 | Companhia de Saneamento Basico do Estado de Sao Paulo SABESP | 4.5% | R$82.8M | Trimmed−R$55.6M | ▲ 18.6% | Utilities |
 ORVR3 | Orizon Valorizacao de Residuos SA | 3.8% | R$71.4M | Trimmed−R$21.3M | ▲ 18.3% | Utilities |
 BBDC3 | Banco Bradesco SA | 3.1% | R$57.1M | AddedR$10.8M | ▲ 12.4% | Finance |
 MDNE3 | Moura Dubeux Engenharia SA | 3.0% | R$55.5M | Trimmed−R$1.9M | ▲ 18.9% | Finance |
 EQTL3 | Equatorial S.A. | 2.9% | R$54.0M | Trimmed−R$9.8M | ▲ 22.0% | Utilities |
 CYRE4 | Cyrela Brazil Realty SA Empreendimentos e Participacoes | 2.7% | R$49.9M | AddedR$9.2M | ▲ 27.6% | Finance |
 B3SA3 | B3 SA - Brasil, Bolsa, Balcao | 2.5% | R$46.2M | AddedR$36.9M | ▲ 29.3% | Finance |
 CPLE3 | Companhia Paranaense de Energia | 2.2% | R$40.9M | Trimmed−R$43.7M | ▲ 10.3% | Utilities |
 VAMO3 | Vamos Locacao de Caminhoes, Maquinas e Equipamentos SA | 2.0% | R$36.4M | AddedR$35.1M | ▲ 54.4% | Finance |
 PNVL3 | Dimed S.A. Distribuidora de Medicamentos | 1.9% | R$35.5M | AddedR$15.9M | ▲ 26.3% | Retail Trade |
 RDOR3 | Rede D'Or Sao Luiz SA | 1.9% | R$35.0M | AddedR$33.9M | ▲ 15.1% | Health Services |
 MILS3 | Mills Locacao Servicos e Logistica S.A. | 1.9% | R$34.9M | AddedR$6.6M | ▲ 2.2% | Finance |
 BBDC4 | Banco Bradesco SA | 1.8% | R$32.9M | AddedR$32.6M | ▲ 11.7% | Finance |
 PETR3 | Petroleo Brasileiro SA | 1.6% | R$29.9M | AddedR$26.6M | ▲ 20.4% | Energy Minerals |
 VALE3 | Vale S.A. | 1.6% | R$29.8M | Trimmed−R$20.0M | ▼ 6.4% | Non-Energy Minerals |
 CYRE3 | Cyrela Brazil Realty SA Empreendimentos e Participacoes | 1.5% | R$28.6M | Trimmed−R$4.1M | ▲ 26.6% | Finance |
 ENEV3 | Eneva S.A. | 1.5% | R$28.4M | AddedR$20.8M | ▲ 14.8% | Utilities |
 MGLU3 | Magazine Luiza S.A. | 1.5% | R$28.2M | AddedR$28.0M | ▲ 82.0% | Retail Trade |
 GGBR4 | Gerdau S.A. | 1.5% | R$27.1M | Trimmed−R$2.6M | ▲ 8.2% | Non-Energy Minerals |
 TIMS3 | TIM S.A. | 1.4% | R$26.7M | AddedR$25.2M | ▲ 3.9% | Communications |
 CURY3 | Cury Construtora e Incorporadora SA | 1.2% | R$22.4M | Trimmed−R$53.0M | ▲ 18.1% | Finance |
 HYPE3 | Hypera S.A. | 1.2% | R$22.4M | AddedR$3.4M | ▲ 11.3% | Health Technology |
 SEER3 | Grupo Ser Educacional SA | 1.2% | R$22.0M | New | ▲ 31.0% | Consumer Services |
 YDUQ3 | YDUQS Participacoes SA | 1.2% | R$21.6M | AddedR$21.5M | ▲ 30.0% | Commercial Services |
 MOVI3 | Movida Participacoes SA | 1.2% | R$21.5M | Trimmed−R$14.2M | ▲ 99.6% | Finance |
 FLRY3 | Fleury SA | 1.1% | R$20.2M | AddedR$15.6M | ▲ 23.7% | Health Services |
 BBSE3 | BB Seguridade Participacoes SA | 1.1% | R$19.8M | AddedR$19.7M | ▲ 8.0% | Finance |
 RENT4 | Localiza Rent A Car SA | 1.1% | R$19.7M | Held | ▲ 31.3% | Finance |
 ITSA4 | Itausa SA | 1.1% | R$19.6M | Trimmed−R$12.5M | ▲ 8.2% | Finance |
 CSMG3 | Companhia de Saneamento de Minas Gerais | 1.0% | R$18.1M | Held | ▲ 12.9% | Utilities |
 SLCE3 | SLC Agricola S.A. | 1.0% | R$18.0M | AddedR$17.7M | ▲ 1.6% | Process Industries |
 ECOR3 | EcoRodovias Infraestrutura e Logistica S.A. | 0.9% | R$17.5M | AddedR$17.5M | ▲ 52.3% | Transportation |
 DESK3 | Desktop SA | 0.8% | R$15.1M | AddedR$2.5M | ▼ 0.4% | Communications |
 PETR4 | Petroleo Brasileiro SA | 0.7% | R$13.8M | Trimmed−R$16.0M | ▲ 18.5% | Energy Minerals |
 SBFG3 | Grupo SBF S.A. | 0.7% | R$13.4M | Trimmed−R$16.5M | ▲ 44.7% | Retail Trade |
 IRBR3 | IRB Brasil Resseguros SA | 0.7% | R$13.2M | New | ▲ 13.2% | Finance |
 SAUD3 | Bradsaude SA | 0.7% | R$13.1M | Trimmed−R$8.2M | ▲ 17.5% | Health Services |
 SUZB3 | Suzano S.A. | 0.7% | R$12.6M | AddedR$2.8M | ▼ 4.1% | Process Industries |
 PRNR3 | Priner Servicos Industriais SA | 0.7% | R$12.2M | New | ▲ 9.7% | Industrial Services |
 CSAN3 | Cosan S.A. | 0.6% | R$11.1M | AddedR$8.5M | ▲ 33.1% | Utilities |
 BMOB3 | Bemobi Mobile Tech SA | 0.6% | R$11.0M | Trimmed−R$21.0M | ▲ 18.9% | Technology Services |
 LIGT3 | Light S.A. | 0.6% | R$10.9M | AddedR$6.6M | ▲ 1.6% | Utilities |
 BBAS3 | Banco do Brasil S.A. | 0.5% | R$9.8M | AddedR$6.7M | ▲ 4.9% | Finance |
 RENT3 | Localiza Rent A Car SA | 0.5% | R$8.9M | AddedR$4.8M | ▲ 30.5% | Finance |
 POMO3 | Marcopolo SA | 0.5% | R$8.8M | New | ▲ 17.6% | Producer Manufacturing |
 CAML3 | Camil Alimentos SA | 0.5% | R$8.6M | New | ▲ 28.9% | Process Industries |
 PRIO3 | Prio SA | 0.4% | R$8.3M | AddedR$5.6M | ▲ 17.0% | Energy Minerals |
 XPBR31 | XP Inc. | 0.4% | R$7.9M | New | ▲ 46.2% | BDR |
 RADL3 | Raia Drogasil S.A. | 0.4% | R$7.6M | AddedR$4.2M | ▲ 17.6% | Retail Trade |
 CXSE3 | Caixa Seguridade Participacoes SA | 0.4% | R$6.9M | AddedR$6.1M | ▲ 7.1% | Finance |
 PINE4 | Banco PINE S.A. | 0.3% | R$6.0M | Trimmed−R$9.1M | ▲ 33.7% | Finance |
 AZZA3 | Azzas 2154 SA | 0.3% | R$6.0M | AddedR$5.9M | ▲ 56.3% | Consumer Non-Durables |
 CVCB3 | CVC Brasil Operadora e Agencia de Viagens SA | 0.3% | R$4.9M | New | ▲ 12.1% | Consumer Services |
 WEGE3 | WEG SA | 0.3% | R$4.9M | AddedR$280.2K | ▼ 1.4% | Producer Manufacturing |
 ANIM3 | Anima Holding SA | 0.3% | R$4.7M | New | ▲ 71.9% | Consumer Services |
 ABEV3 | Ambev SA | 0.2% | R$4.1M | Trimmed−R$1.2M | ▲ 9.7% | Consumer Non-Durables |
Funds
Quota return, after fees
| Fund | Class | AUM | YTD | 12 months | Latest portfolio |
|---|---|---|---|---|---|
| KINEA PREV APOLO MULTIMERCADO | Previdência Multimercado Livre | R$13.7B | ▲ 10.8% | ▲ 15.0% | Sep/26 |
| BRASILPREV KINEA SIGMA PREV | Previdência Multimercado Livre | R$3.3B | ▲ 10.9% | ▲ 16.0% | Sep/26 |
| KINEA PREV ATLAS | Previdência Multimercado Livre | R$897.7M | ▲ 10.2% | ▲ 15.3% | Sep/26 |
| KINEA PREV XTR | Previdência Multimercado Livre | R$706.2M | ▲ 11.6% | ▲ 16.5% | Sep/26 |
| KINEA ATLAS II | Multimercados Macro | R$592.8M | – | – | Sep/26 |
| KINEA MACRO ESTRATÉGIA LOCAL | Multimercados Macro | R$344.3M | ▲ 28.0% | ▲ 35.4% | Dec/25 |
| KINEA ZEUS PREV | Previdência Multimercado Livre | R$269.7M | ▲ 10.2% | ▲ 16.0% | Sep/26 |
| KINEA PREV AÇÕES | Previdência Ações Ativo | R$253.6M | ▲ 24.9% | ▲ 32.9% | Sep/26 |
| KINEA CHRONOS | Multimercados Macro | R$249.3M | – | – | Sep/26 |
| KINEA ZEUS | Multimercados Livre | R$184.8M | – | – | Sep/26 |
| KINEA TLS III | Multimercados Macro | R$178.9M | ▲ 10.6% | ▲ 15.8% | Sep/26 |
| KINEA NIX | Multimercados Invest. no Exterior | R$103.4M | ▲ 12.2% | ▲ 17.1% | Sep/26 |
| KINEA ZFI | Multimercados Macro | R$75.6M | ▲ 10.8% | ▲ 16.8% | Sep/26 |
| KINEA URANO | Multimercados Livre | R$13.9M | – | – | Jun/26 |
| KINEA ATLAS | Multimercados Macro | R$5.3M | – | – | Jun/26 |
Past performance is no guarantee of future results.