Moat Capital
MOAT CAPITAL GESTÃO DE RECURSOS LTDA
Portfolio as of June 2025compared with May 2025
In stocks
R$579.7M
Stocks
92
Top 10: 51%
Funds
2
YTD
▲ 19.5%
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$110.7M
- Sells
- −R$536.1M
- New positions
- 10
- Exited
- 6
Sectors
- Transportation15.5%
- Finance12.7%
- Retail Trade10.9%
- Consumer Durables10.4%
- Utilities8.1%
- Other7.6%
Portfolio
All of the manager's funds combined · since then: today's price vs. Jun/25
| Stock | Company | % of stock portfolio | Value | Month | Since then | Sector |
|---|---|---|---|---|---|---|
 RAIL3 | Rumo SA | 7.4% | R$43.1M | AddedR$9.1M | ▲ 4.2% | Transportation |
 ECOR3 | EcoRodovias Infraestrutura e Logistica S.A. | 7.4% | R$42.6M | Held | ▲ 83.6% | Transportation |
 VIVA3 | Vivara Participacoes SA | 5.5% | R$31.7M | Trimmed−R$17.8M | ▲ 2.2% | Consumer Durables |
 MGLU3 | Magazine Luiza S.A. | 5.0% | R$29.1M | AddedR$2.4M | ▲ 44.8% | Retail Trade |
 MRVE3 | MRV Engenharia e Participacoes S.A. | 5.0% | R$28.7M | Trimmed−R$10.7M | ▲ 31.1% | Consumer Durables |
 SBSP3 | Companhia de Saneamento Basico do Estado de Sao Paulo SABESP | 4.8% | R$27.6M | AddedR$16.0M | ▲ 40.9% | Utilities |
 HYPE3 | Hypera S.A. | 4.8% | R$27.5M | Trimmed−R$6.3M | ▲ 0.2% | Health Technology |
 HAPV3 | Hapvida Participacoes e Investimentos SA | 4.4% | R$25.6M | Trimmed−R$420.0M | ▼ 74.1% | Health Services |
 COGN3 | Cogna Educacao S.A. | 3.3% | R$19.3M | AddedR$13.5M | ▲ 27.2% | Commercial Services |
 GUAR3 | – | 3.3% | R$19.1M | Held | – | Other |
 AZZA3 | Azzas 2154 SA | 3.0% | R$17.6M | Trimmed−R$6.1M | ▼ 36.8% | Consumer Non-Durables |
 RENT3 | Localiza Rent A Car SA | 2.8% | R$16.0M | AddedR$8.4M | ▲ 35.5% | Finance |
 LREN3 | Lojas Renner S.A. | 2.5% | R$14.8M | Held | ▼ 24.1% | Retail Trade |
 NEOE3 | – | 2.5% | R$14.4M | AddedR$1.9M | – | Other |
 USIM5 | Usinas Siderurgicas de Minas Gerais SA-Usiminas | 2.4% | R$13.9M | Trimmed−R$4.1M | ▲ 64.6% | Non-Energy Minerals |
 BRAV3 | Brava Energia SA | 2.2% | R$12.6M | Trimmed−R$7.5M | ▲ 20.5% | Energy Minerals |
 IRBR3 | IRB Brasil Resseguros SA | 2.1% | R$12.3M | Held | ▲ 54.3% | Finance |
 BBDC3 | Banco Bradesco SA | 1.8% | R$10.5M | AddedR$8.4M | ▲ 25.6% | Finance |
 TIMS3 | TIM S.A. | 1.8% | R$10.4M | AddedR$10.4M | ▼ 13.7% | Communications |
 EQTL3 | Equatorial S.A. | 1.6% | R$9.4M | AddedR$3.8M | ▲ 37.9% | Utilities |
 MOVI3 | Movida Participacoes SA | 1.5% | R$8.7M | AddedR$7.2M | ▲ 184.7% | Finance |
 VALE3 | Vale S.A. | 1.4% | R$8.2M | Trimmed−R$3.6M | ▲ 24.3% | Non-Energy Minerals |
 VIVT3 | Telefonica Brasil S.A. | 1.4% | R$7.9M | AddedR$1.2M | ▲ 4.2% | Communications |
 CEAB3 | C&A Modas SA | 1.3% | R$7.7M | AddedR$7.4M | ▼ 27.4% | Retail Trade |
 PRIO3 | Prio SA | 1.2% | R$7.0M | AddedR$3.1M | ▲ 68.0% | Energy Minerals |
 SUZB3 | Suzano S.A. | 1.2% | R$6.9M | Trimmed−R$5.8M | ▼ 17.2% | Process Industries |
 GGBR4 | Gerdau S.A. | 1.2% | R$6.9M | Trimmed−R$404.7K | ▲ 64.1% | Non-Energy Minerals |
 PETR4 | Petroleo Brasileiro SA | 1.1% | R$6.7M | Trimmed−R$11.7M | ▲ 85.5% | Energy Minerals |
 RDOR3 | Rede D'Or Sao Luiz SA | 1.1% | R$6.3M | Held | ▲ 24.5% | Health Services |
 LJQQ3 | Lojas Quero-Quero SA | 1.0% | R$6.1M | AddedR$176.9K | ▲ 18.3% | Retail Trade |
 PSSA3 | Porto Seguro S.A. | 0.8% | R$4.9M | Held | ▼ 4.7% | Finance |
 CSAN3 | Cosan S.A. | 0.8% | R$4.7M | Held | ▼ 23.2% | Utilities |
 TOTS3 | TOTVS S.A. | 0.7% | R$4.2M | Trimmed−R$647.1K | ▼ 0.3% | Technology Services |
 HBSA3 | Hidrovias do Brasil SA | 0.6% | R$3.4M | New | ▲ 14.2% | Transportation |
 IGTI11 | Iguatemi SA | 0.6% | R$3.2M | Trimmed−R$455.5K | ▲ 39.7% | Finance |
 POMO4 | Marcopolo SA | 0.6% | R$3.2M | AddedR$556.9K | ▼ 31.6% | Producer Manufacturing |
 NTCO3 | – | 0.5% | R$3.0M | Trimmed−R$702.8K | – | Other |
 CPLE6 | – | 0.5% | R$2.9M | Held | – | Other |
 CURY3 | Cury Construtora e Incorporadora SA | 0.5% | R$2.8M | Held | ▲ 10.9% | Finance |
 ANIM3 | Anima Holding SA | 0.5% | R$2.6M | AddedR$404.6K | ▲ 21.2% | Consumer Services |
 DXCO3 | Dexco SA | 0.4% | R$2.5M | Trimmed−R$695.3K | ▲ 63.4% | Producer Manufacturing |
 BBAS3 | Banco do Brasil S.A. | 0.4% | R$2.5M | Trimmed−R$810.8K | ▲ 9.6% | Finance |
 ALOS3 | Allos S.A. | 0.4% | R$2.4M | Trimmed−R$609.8K | ▲ 57.1% | Finance |
 ITUB4 | Itau Unibanco Holding SA | 0.4% | R$2.3M | Held | ▲ 36.0% | Finance |
 UGPA3 | Ultrapar Participacoes S.A. | 0.4% | R$2.1M | Trimmed−R$729.8K | ▲ 126.7% | Retail Trade |
 RAIZ4 | Raizen SA | 0.3% | R$1.9M | AddedR$1.7M | ▼ 75.2% | Retail Trade |
 ABCB4 | Banco ABC Brasil SA Conv | 0.3% | R$1.7M | New | ▲ 33.3% | Finance |
 AURE3 | Auren Energia SA | 0.3% | R$1.7M | Held | ▲ 49.5% | Utilities |
 EMBR3 | – | 0.3% | R$1.6M | New | – | Other |
 BBSE3 | BB Seguridade Participacoes SA | 0.3% | R$1.6M | AddedR$1.6M | ▲ 18.2% | Finance |
 ALUP11 | Alupar Investimento SA | 0.3% | R$1.5M | Trimmed−R$145.8K | ▲ 24.4% | Utilities |
 YDUQ3 | YDUQS Participacoes SA | 0.3% | R$1.5M | Trimmed−R$3.5M | ▼ 12.2% | Commercial Services |
 GMAT3 | Grupo Mateus SA | 0.2% | R$1.4M | New | ▼ 31.0% | Retail Trade |
 MDIA3 | M. Dias Branco SA Industria e Comercio de Alimentos | 0.2% | R$1.4M | AddedR$257.2K | ▼ 17.5% | Consumer Non-Durables |
 SMFT3 | Smartfit Escola de Ginastica e Danca SA | 0.2% | R$1.3M | Held | ▲ 3.3% | Consumer Services |
 ELET3 | – | 0.2% | R$1.3M | AddedR$982.2K | – | Other |
 SMTO3 | Sao Martinho S.A. | 0.2% | R$1.3M | AddedR$713.4K | ▲ 21.1% | Process Industries |
 GGPS3 | GPS Participacoes e Empreendimentos SA | 0.2% | R$954.4K | Held | ▲ 24.0% | Commercial Services |
 CYRE3 | Cyrela Brazil Realty SA Empreendimentos e Participacoes | 0.2% | R$946.3K | Held | ▲ 56.6% | Finance |
 EGIE3 | ENGIE Brasil Energia S.A. | 0.2% | R$901.3K | Trimmed−R$1.1M | ▼ 3.7% | Utilities |
Funds
Quota return, after fees
| Fund | Class | AUM | YTD | 12 months | Latest portfolio |
|---|---|---|---|---|---|
| MOAT CAPITAL | Ações Livre | R$272.2M | ▲ 23.0% | ▲ 29.9% | Aug/26 |
| MOAT CAPITAL EQUITY HEDGE MASTER | Multimercados L/S - Direcional | R$87.1M | ▲ 8.7% | ▲ 15.5% | Sep/26 |
Past performance is no guarantee of future results.