Nucleo Capital
NUCLEO CAPITAL LTDA
Portfolio as of March 2026compared with February 2026
In stocks
R$1.0B
Stocks
14
Top 10: 91%
Funds
4
YTD
▲ 17.7%
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$44.1M
- Sells
- −R$62.6M
- New positions
- 1
- Exited
- 0
Sectors
- Utilities38.9%
- Finance21.2%
- Commercial Services11.9%
- Producer Manufacturing8.4%
- Energy Minerals7.4%
- Consumer Services6.7%
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 |
|---|---|---|---|---|---|---|
 RENT3 | Localiza Rent A Car SA | 12.7% | R$128.6M | AddedR$6.5M | ▲ 12.5% | Finance |
 GGPS3 | GPS Participacoes e Empreendimentos SA | 11.9% | R$121.4M | Held | ▼ 2.2% | Commercial Services |
 CSAN3 | Cosan S.A. | 11.2% | R$114.2M | AddedR$12.1M | ▼ 2.0% | Utilities |
 EQTL3 | Equatorial S.A. | 10.8% | R$110.0M | Held | ▲ 21.6% | Utilities |
 AXIA3 | AXIA Energia SA | 8.6% | R$87.1M | Held | ▲ 1.2% | Utilities |
 ITUB4 | Itau Unibanco Holding SA | 8.3% | R$84.5M | Trimmed−R$4.0M | ▲ 12.2% | Finance |
 CSMG3 | Companhia de Saneamento de Minas Gerais | 8.3% | R$84.0M | Trimmed−R$9.7M | ▲ 10.1% | Utilities |
 PRIO3 | Prio SA | 7.4% | R$75.6M | Trimmed−R$48.9M | ▲ 7.6% | Energy Minerals |
 SMFT3 | Smartfit Escola de Ginastica e Danca SA | 6.7% | R$68.4M | AddedR$16.9M | ▲ 33.9% | Consumer Services |
 INTB3 | Intelbras SA Industria de Telecomunicacao Eletronica Brasileir | 5.2% | R$53.2M | AddedR$1.9M | ▲ 35.0% | Technology Services |
 WEGE3 | WEG SA | 4.4% | R$45.0M | AddedR$5.2M | ▼ 4.4% | Producer Manufacturing |
 POMO4 | Marcopolo SA | 4.0% | R$40.6M | Held | ▼ 20.2% | Producer Manufacturing |
 RENT4 | Localiza Rent A Car SA | 0.2% | R$2.2M | Held | ▲ 13.4% | Finance |
 BMOB3 | Bemobi Mobile Tech SA | 0.2% | R$1.7M | New | ▲ 24.6% | Technology Services |
Funds
Quota return, after fees
| Fund | Class | AUM | YTD | 12 months | Latest portfolio |
|---|---|---|---|---|---|
| NÚCLEO MASTER | Ações Livre | R$737.3M | ▲ 18.1% | ▲ 21.3% | Mar/26 |
| RIO DO RASTRO | Ações Livre | R$717.9M | ▲ 17.3% | ▲ 20.3% | Dec/25 |
| NCIP MASTER | Ações Livre | R$503.5M | ▲ 17.5% | ▲ 20.4% | Mar/26 |
| NÚCLEO YOSEMITE | Ações Livre | R$56.5M | ▲ 17.7% | ▲ 20.7% | Dec/25 |
Past performance is no guarantee of future results.