Norte
NORTE ASSET MANAGEMENT GESTÃO DE RECURSOS S.A.
Portfolio as of June 2026compared with May 2026
In stocks
R$766.3M
Stocks
58
Top 10: 65%
Funds
4
YTD
▲ 23.8%
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$272.4M
- Sells
- −R$130.0M
- New positions
- 10
- Exited
- 23
Sectors
- Energy Minerals45.9%
- Finance15.8%
- Utilities12.6%
- Non-Energy Minerals6.6%
- Retail Trade5.7%
- Health Services2.7%
Portfolio
All of the manager's funds combined · since then: today's price vs. Jun/26
| Stock | Company | % of stock portfolio | Value | Month | Since then | Sector |
|---|---|---|---|---|---|---|
 BRAV3 | Brava Energia SA | 43.7% | R$335.2M | AddedR$180.9M | ▲ 8.7% | Energy Minerals |
 AXIA3 | AXIA Energia SA | 3.1% | R$23.8M | AddedR$1.0M | ▲ 9.0% | Utilities |
 TEND3 | Construtora Tenda SA | 3.0% | R$22.9M | Trimmed−R$799.3K | ▼ 21.8% | Finance |
 CBAV3 | Companhia Brasileira de Aluminio | 2.7% | R$20.5M | Trimmed−R$10.2M | ▲ 4.6% | Non-Energy Minerals |
 EMBJ3 | Embraer S.A. | 2.3% | R$17.7M | Trimmed−R$9.2M | ▲ 11.0% | Electronic Technology |
 MDNE3 | Moura Dubeux Engenharia SA | 2.3% | R$17.2M | Held | ▲ 4.6% | Finance |
 VALE3 | Vale S.A. | 2.1% | R$16.1M | AddedR$6.4M | ▼ 16.0% | Non-Energy Minerals |
 CPLE3 | Companhia Paranaense de Energia | 2.0% | R$15.6M | AddedR$440.1K | ▲ 17.5% | Utilities |
 SBFG3 | Grupo SBF S.A. | 2.0% | R$15.2M | AddedR$4.3M | ▲ 14.5% | Retail Trade |
 ITUB4 | Itau Unibanco Holding SA | 1.8% | R$14.1M | Trimmed−R$2.2M | ▲ 15.7% | Finance |
 RENT3 | Localiza Rent A Car SA | 1.8% | R$13.6M | AddedR$1.5M | ▲ 27.3% | Finance |
 CEAB3 | C&A Modas SA | 1.6% | R$12.6M | AddedR$2.4M | ▲ 32.7% | Retail Trade |
 SBSP3 | Companhia de Saneamento Basico do Estado de Sao Paulo SABESP | 1.6% | R$12.1M | Trimmed−R$278.6K | ▲ 9.8% | Utilities |
 PETR4 | Petroleo Brasileiro SA | 1.6% | R$12.0M | Trimmed−R$3.6M | ▲ 54.0% | Energy Minerals |
 DIRR3 | Direcional Engenharia S.A. | 1.4% | R$11.1M | AddedR$3.9M | ▼ 18.0% | Finance |
 RDOR3 | Rede D'Or Sao Luiz SA | 1.4% | R$10.7M | AddedR$243.0K | ▲ 27.0% | Health Services |
 TFCO4 | Track & Field Co SA | 1.4% | R$10.4M | AddedR$10.4M | ▼ 1.6% | Retail Trade |
 TTEN3 | Tres Tentos Agroindustrial SA | 1.3% | R$10.3M | AddedR$324.7K | ▼ 7.7% | Commercial Services |
 ENEV3 | Eneva S.A. | 1.3% | R$9.7M | AddedR$2.1M | ▲ 19.8% | Utilities |
 LAVV3 | LAVVI Empreendimentos Imobiliarios SA | 1.2% | R$9.3M | AddedR$6.1M | ▲ 36.1% | Finance |
 AZZA3 | Azzas 2154 SA | 1.2% | R$9.1M | Trimmed−R$4.1M | ▲ 52.0% | Consumer Non-Durables |
 ORVR3 | Orizon Valorizacao de Residuos SA | 1.2% | R$9.1M | Held | ▲ 3.9% | Utilities |
 CSMG3 | Companhia de Saneamento de Minas Gerais | 1.2% | R$9.1M | AddedR$2.9M | ▲ 6.0% | Utilities |
 SMTO3 | Sao Martinho S.A. | 1.2% | R$9.1M | AddedR$6.7M | ▲ 35.5% | Process Industries |
 VIVA3 | Vivara Participacoes SA | 1.1% | R$8.6M | New | ▲ 20.8% | Consumer Durables |
 CSAN3 | Cosan S.A. | 1.1% | R$8.6M | Held | ▲ 42.4% | Utilities |
 EQTL3 | Equatorial S.A. | 1.1% | R$8.3M | AddedR$1.9M | ▲ 27.3% | Utilities |
 CYRE3 | Cyrela Brazil Realty SA Empreendimentos e Participacoes | 1.0% | R$7.9M | Trimmed−R$2.5M | ▲ 49.5% | Finance |
 PRNR3 | Priner Servicos Industriais SA | 1.0% | R$7.8M | Trimmed−R$496.2K | ▲ 18.4% | Industrial Services |
 GGBR4 | Gerdau S.A. | 0.9% | R$6.7M | AddedR$5.4M | ▲ 26.3% | Non-Energy Minerals |
 SAUD3 | Bradsaude SA | 0.8% | R$6.4M | AddedR$2.4M | ▲ 9.0% | Health Services |
 BBDC4 | Banco Bradesco SA | 0.7% | R$5.3M | Trimmed−R$10.6M | ▲ 14.3% | Finance |
 BBSE3 | BB Seguridade Participacoes SA | 0.6% | R$5.0M | AddedR$633.4K | ▲ 8.0% | Finance |
 RADL3 | Raia Drogasil S.A. | 0.6% | R$4.8M | AddedR$3.2M | ▲ 28.6% | Retail Trade |
 PRIO3 | Prio SA | 0.6% | R$4.7M | Held | ▲ 36.6% | Energy Minerals |
 PINE4 | Banco PINE S.A. | 0.6% | R$4.5M | Trimmed−R$3.9M | ▲ 38.1% | Finance |
 SMFT3 | Smartfit Escola de Ginastica e Danca SA | 0.6% | R$4.3M | AddedR$4.3M | ▲ 30.3% | Consumer Services |
 INBR32 | Inter & Co., Inc. | 0.5% | R$4.0M | Held | ▲ 18.5% | BDR |
 ONCO3 | Oncoclinicas do Brasil Servicos Medicos SA | 0.5% | R$3.5M | New | ▼ 14.6% | Health Services |
 ROXO34 | Nu Holdings Ltd. | 0.5% | R$3.5M | AddedR$1.2M | ▲ 11.7% | BDR |
 MOVI3 | Movida Participacoes SA | 0.4% | R$3.2M | Trimmed−R$2.5M | ▲ 112.6% | Finance |
 CMIN3 | CSN Mineracao SA | 0.3% | R$2.6M | AddedR$614.0K | ▲ 19.6% | Non-Energy Minerals |
 USIM3 | Usinas Siderurgicas de Minas Gerais SA-Usiminas | 0.3% | R$2.4M | AddedR$170.4K | ▼ 13.5% | Non-Energy Minerals |
 SUZB3 | Suzano S.A. | 0.3% | R$2.3M | Trimmed−R$335.9K | ▲ 6.7% | Process Industries |
 IRBR3 | IRB Brasil Resseguros SA | 0.3% | R$2.2M | New | ▲ 26.7% | Finance |
 USIM5 | Usinas Siderurgicas de Minas Gerais SA-Usiminas | 0.3% | R$1.9M | New | ▼ 19.8% | Non-Energy Minerals |
 CYRE4 | Cyrela Brazil Realty SA Empreendimentos e Participacoes | 0.2% | R$1.7M | New | ▲ 52.2% | Finance |
 TOTS3 | TOTVS S.A. | 0.2% | R$1.7M | New | ▲ 46.6% | Technology Services |
 CURY3 | Cury Construtora e Incorporadora SA | 0.2% | R$1.6M | AddedR$1.1M | ▼ 6.6% | Finance |
 NVDC34 | NVIDIA Corporation | 0.2% | R$1.4M | Held | ▲ 5.4% | BDR |
 VAMO3 | Vamos Locacao de Caminhoes, Maquinas e Equipamentos SA | 0.2% | R$1.3M | New | ▲ 136.3% | Finance |
 TSMC34 | Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 0.2% | R$1.2M | Held | ▼ 12.9% | BDR |
 AURA33 | Aura Minerals Inc | 0.1% | R$1.1M | Trimmed−R$2.6M | ▲ 32.7% | BDR |
 MBRF3 | MBRF Global Foods Company S.A. | 0.1% | R$562.5K | New | ▲ 2.8% | Consumer Non-Durables |
 BHIA3 | Grupo Casas Bahia S.A. | 0.0% | R$372.6K | Trimmed−R$709.6K | ▼ 35.6% | Retail Trade |
 CSNA3 | Companhia Siderurgica Nacional | 0.0% | R$293.2K | New | ▲ 30.1% | Non-Energy Minerals |
 GMAT3 | Grupo Mateus SA | 0.0% | R$155.7K | New | ▲ 53.7% | Retail Trade |
 AMER3 | Americanas SA | 0.0% | R$42.7K | Held | ▲ 79.7% | Retail Trade |
Funds
Quota return, after fees
| Fund | Class | AUM | YTD | 12 months | Latest portfolio |
|---|---|---|---|---|---|
| NORTE EQUITY HEDGE | Multimercados Livre | R$263.2M | ▲ 21.6% | ▲ 31.1% | Aug/26 |
| NORTE LONG BIAS MASTER | Multimercados Livre | R$217.4M | ▲ 25.2% | ▲ 41.9% | Jun/26 |
| NORTE LONG ONLY MASTER | Ações Livre | R$128.4M | ▲ 24.6% | ▲ 35.4% | Jun/26 |
| NORTE LONG BIAS MASTER | Ações Livre | R$122.0M | ▲ 25.1% | ▲ 41.5% | Jun/26 |
Past performance is no guarantee of future results.