Mantaro Capital
MANTARO CAPITAL LTDA
Portfolio as of March 2026compared with February 2026
In stocks
R$157.7M
Stocks
19
Top 10: 75%
Funds
3
YTD
▲ 25.1%
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$22.3M
- Sells
- −R$21.1M
- New positions
- 1
- Exited
- 2
Sectors
- Finance29.5%
- BDRs20.5%
- Retail Trade14.2%
- Health Services11.5%
- Utilities8.1%
- Consumer Services6.5%
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 |
|---|---|---|---|---|---|---|
 B3SA3 | B3 SA - Brasil, Bolsa, Balcao | 13.2% | R$20.8M | AddedR$1.2M | ▲ 28.9% | Finance |
 XPBR31 | XP Inc. | 10.4% | R$16.4M | AddedR$5.2M | ▲ 62.5% | BDR |
 RDOR3 | Rede D'Or Sao Luiz SA | 10.1% | R$15.9M | AddedR$1.6M | ▲ 13.1% | Health Services |
 EQTL3 | Equatorial S.A. | 8.1% | R$12.8M | Trimmed−R$421.4K | ▲ 21.6% | Utilities |
 ASAI3 | Sendas Distribuidora SA | 7.8% | R$12.2M | AddedR$3.0M | ▲ 47.5% | Retail Trade |
 SMFT3 | Smartfit Escola de Ginastica e Danca SA | 6.5% | R$10.3M | AddedR$3.5M | ▲ 33.9% | Consumer Services |
 NATU3 | Natura Cosmeticos SA | 5.0% | R$8.0M | Trimmed−R$2.5M | ▼ 26.7% | Consumer Non-Durables |
 CYRE3 | Cyrela Brazil Realty SA Empreendimentos e Participacoes | 4.8% | R$7.6M | AddedR$683.5K | ▲ 26.0% | Finance |
 RENT3 | Localiza Rent A Car SA | 4.7% | R$7.4M | AddedR$1.9M | ▲ 12.5% | Finance |
 RADL3 | Raia Drogasil S.A. | 4.2% | R$6.6M | Trimmed−R$219.0K | ▼ 8.2% | Retail Trade |
 PRIO3 | Prio SA | 4.1% | R$6.5M | Trimmed−R$3.6M | ▲ 7.6% | Energy Minerals |
 ROXO34 | Nu Holdings Ltd. | 3.8% | R$6.1M | Trimmed−R$190.4K | ▲ 2.2% | BDR |
 ITSA4 | Itausa SA | 3.5% | R$5.6M | Held | ▲ 13.0% | Finance |
 STOC34 | StoneCo Ltd. | 3.3% | R$5.3M | New | ▼ 17.3% | BDR |
 EZTC3 | EZ TEC Empreendimentos e Participacoes SA | 3.2% | R$5.1M | Trimmed−R$181.0K | ▲ 35.9% | Finance |
 INBR32 | Inter & Co., Inc. | 3.0% | R$4.7M | Trimmed−R$125.1K | ▼ 20.1% | BDR |
 GMAT3 | Grupo Mateus SA | 2.3% | R$3.6M | Held | ▲ 20.0% | Retail Trade |
 HAPV3 | Hapvida Participacoes e Investimentos SA | 1.5% | R$2.3M | Held | ▼ 5.4% | Health Services |
 VTRU3 | Vitru Educacao SA | 0.3% | R$536.6K | Trimmed−R$380.1K | ▲ 51.5% | Commercial Services |
Exited this month
Funds
Quota return, after fees
| Fund | Class | AUM | YTD | 12 months | Latest portfolio |
|---|---|---|---|---|---|
| MANTARO EQUITY HEDGE | Multimercados Livre | R$195.3M | ▲ 19.9% | ▲ 20.4% | Jun/26 |
| MANTARO LB MASTER | Multimercados Estrat. Específica | R$123.7M | ▲ 31.1% | ▲ 31.6% | Jun/26 |
| MANTARO AÇÕES MASTER | Ações Livre | R$53.9M | ▲ 30.0% | ▲ 30.7% | Mar/26 |
Past performance is no guarantee of future results.