Pandhora
PANDHORA INVESTIMENTOS LTDA.
Portfolio as of September 2026compared with August 2026
In stocks
R$44.3M
Stocks
20
Top 10: 87%
Funds
1
YTD
▲ 23.0%
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$6.6M
- Sells
- −R$4.9M
- New positions
- 6
- Exited
- 2
Sectors
- BDRs54.1%
- Utilities13.3%
- Retail Trade9.6%
- Health Services7.5%
- Finance5.9%
- Consumer Non-Durables5.9%
Portfolio
All of the manager's funds combined · since then: today's price vs. Sep/26
| Stock | Company | % of stock portfolio | Value | Month | Since then | Sector |
|---|---|---|---|---|---|---|
 M1TA34 | Meta Platforms Inc | 19.5% | R$8.7M | Held | ▼ 7.8% | BDR |
 AMZO34 | Amazon.com, Inc. | 13.6% | R$6.0M | Held | ▲ 1.7% | BDR |
 BABA34 | Alibaba Group Holding Limited ADR | 11.2% | R$5.0M | Held | ▼ 2.9% | BDR |
 GMAT3 | Grupo Mateus SA | 9.6% | R$4.3M | Trimmed−R$381.0K | ▲ 11.0% | Retail Trade |
 MSFT34 | Microsoft Corp | 8.7% | R$3.9M | Held | ▲ 0.7% | BDR |
 SBSP3 | Companhia de Saneamento Basico do Estado de Sao Paulo SABESP | 6.2% | R$2.7M | AddedR$1.4M | ▲ 18.6% | Utilities |
 VULC3 | Vulcabras SA | 5.9% | R$2.6M | New | ▲ 19.0% | Consumer Non-Durables |
 HAPV3 | Hapvida Participacoes e Investimentos SA | 5.0% | R$2.2M | Held | ▲ 43.2% | Health Services |
 CSAN3 | Cosan S.A. | 4.5% | R$2.0M | Held | ▲ 33.1% | Utilities |
 RENT3 | Localiza Rent A Car SA | 2.7% | R$1.2M | New | ▲ 30.5% | Finance |
 LIGT3 | Light S.A. | 2.6% | R$1.1M | Held | ▲ 1.6% | Utilities |
 ONCO3 | Oncoclinicas do Brasil Servicos Medicos SA | 2.4% | R$1.1M | AddedR$429.3K | ▲ 4.0% | Health Services |
 MDNE3 | Moura Dubeux Engenharia SA | 2.0% | R$901.6K | Trimmed−R$103.0K | ▲ 18.9% | Finance |
 SUZB3 | Suzano S.A. | 1.6% | R$689.5K | Trimmed−R$1.4M | ▼ 4.1% | Process Industries |
 VAMO3 | Vamos Locacao de Caminhoes, Maquinas e Equipamentos SA | 1.2% | R$516.0K | Trimmed−R$1.8M | ▲ 54.4% | Finance |
 INBR32 | Inter & Co., Inc. | 1.0% | R$438.9K | Held | ▲ 20.3% | BDR |
 SMTO3 | Sao Martinho S.A. | 0.8% | R$355.2K | New | ▲ 19.8% | Process Industries |
 OPCT3 | OceanPact Servicos Maritimos SA | 0.6% | R$269.7K | New | ▲ 7.8% | Commercial Services |
 SLCE3 | SLC Agricola S.A. | 0.4% | R$168.1K | New | ▲ 1.6% | Process Industries |
 RAPT4 | Randoncorp S.A. | 0.3% | R$154.5K | New | ▲ 58.6% | Producer Manufacturing |
Exited this month
Funds
Quota return, after fees
| Fund | Class | AUM | YTD | 12 months | Latest portfolio |
|---|---|---|---|---|---|
| TC COSMOS | Multimercados Livre | R$97.9M | ▲ 23.0% | ▲ 25.7% | Sep/26 |
Past performance is no guarantee of future results.