Meraki Capital
MERAKI CAPITAL GESTÃO DE RECURSOS LTDA.
Portfolio as of March 2026compared with January 2026
In stocks
R$270.9M
Stocks
25
Top 10: 71%
Funds
4
YTD
▲ 19.7%
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$97.7M
- Sells
- −R$121.7M
- New positions
- 7
- Exited
- 14
Sectors
- Finance39.1%
- Utilities14.5%
- Non-Energy Minerals9.3%
- BDRs8.1%
- Other7.0%
- Health Services4.6%
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 |
|---|---|---|---|---|---|---|
 ITUB4 | Itau Unibanco Holding SA | 17.0% | R$46.1M | AddedR$10.0M | ▲ 12.2% | Finance |
 BBDC4 | Banco Bradesco SA | 10.5% | R$28.3M | New | ▲ 7.9% | Finance |
 VALE3 | Vale S.A. | 9.3% | R$25.2M | AddedR$10.9M | ▼ 20.7% | Non-Energy Minerals |
 RENT3 | Localiza Rent A Car SA | 6.7% | R$18.0M | AddedR$4.4M | ▲ 12.5% | Finance |
 NEOE3 | – | 5.7% | R$15.5M | Held | – | Other |
 ROXO34 | Nu Holdings Ltd. | 5.4% | R$14.5M | Trimmed−R$8.8M | ▲ 2.2% | BDR |
 RDOR3 | Rede D'Or Sao Luiz SA | 4.6% | R$12.6M | AddedR$4.6M | ▲ 13.1% | Health Services |
 AXIA3 | AXIA Energia SA | 4.4% | R$11.8M | Trimmed−R$5.9M | ▲ 1.2% | Utilities |
 PETR4 | Petroleo Brasileiro SA | 3.9% | R$10.6M | New | ▲ 19.6% | Energy Minerals |
 CSAN3 | Cosan S.A. | 3.8% | R$10.4M | Held | ▼ 2.0% | Utilities |
 VBBR3 | Vibra Energia SA | 3.2% | R$8.6M | New | ▲ 16.0% | Retail Trade |
 ENEV3 | Eneva S.A. | 3.2% | R$8.5M | Trimmed−R$8.2M | ▲ 30.4% | Utilities |
 CSMG3 | Companhia de Saneamento de Minas Gerais | 3.1% | R$8.5M | Trimmed−R$4.2M | ▲ 10.1% | Utilities |
 CURY3 | Cury Construtora e Incorporadora SA | 2.8% | R$7.6M | AddedR$1.9M | ▼ 7.4% | Finance |
 SMFT3 | Smartfit Escola de Ginastica e Danca SA | 2.8% | R$7.6M | AddedR$799.0K | ▲ 33.9% | Consumer Services |
 KEPL3 | Kepler Weber SA | 2.7% | R$7.4M | AddedR$3.3M | ▼ 3.0% | Producer Manufacturing |
 XPBR31 | XP Inc. | 2.7% | R$7.4M | New | ▲ 62.5% | BDR |
 VIVA3 | Vivara Participacoes SA | 2.6% | R$7.0M | Trimmed−R$2.6M | ▲ 6.6% | Consumer Durables |
 SUZB3 | Suzano S.A. | 1.6% | R$4.4M | Held | ▼ 18.3% | Process Industries |
 CYRE3 | Cyrela Brazil Realty SA Empreendimentos e Participacoes | 1.3% | R$3.5M | Trimmed−R$6.8M | ▲ 26.0% | Finance |
 ODPV3 | – | 1.2% | R$3.4M | New | – | Other |
 CYRE4 | Cyrela Brazil Realty SA Empreendimentos e Participacoes | 0.7% | R$1.8M | New | ▲ 29.2% | Finance |
 RADL3 | Raia Drogasil S.A. | 0.6% | R$1.6M | New | ▼ 8.2% | Retail Trade |
 RENT4 | Localiza Rent A Car SA | 0.2% | R$416.8K | Held | ▲ 13.4% | Finance |
 AZZA3 | Azzas 2154 SA | 0.0% | R$65.5K | AddedR$28.2K | ▲ 5.7% | Consumer Non-Durables |
Funds
Quota return, after fees
| Fund | Class | AUM | YTD | 12 months | Latest portfolio |
|---|---|---|---|---|---|
| MERAKI BRABUS | Ações Invest. no Exterior | R$522.6M | ▲ 23.7% | ▲ 35.1% | Jun/26 |
| MERAKI ARAUCARIA | Multimercados Invest. no Exterior | R$476.1M | ▲ 16.5% | ▲ 18.7% | Mar/25 |
| MERAKI LONG BIASED MASTER | Multimercados Invest. no Exterior | R$133.9M | ▲ 19.8% | ▲ 30.4% | Jun/26 |
| MERAKI EQUITY HEDGE MASTER | Multimercados Invest. no Exterior | R$70.6M | ▲ 11.8% | ▲ 15.9% | Jun/26 |
Past performance is no guarantee of future results.