Polo Capital
POLO CAPITAL GESTÃO DE RECURSOS LTDA
Portfolio as of June 2026compared with May 2026
In stocks
R$914.5M
Stocks
56
Top 10: 73%
Funds
6
YTD
▲ 24.6%
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$130.3M
- Sells
- −R$113.7M
- New positions
- 6
- Exited
- 4
Sectors
- Finance66.5%
- Utilities11.3%
- Retail Trade7.8%
- Energy Minerals4.8%
- Non-Energy Minerals2.7%
- Process Industries2.4%
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 |
|---|---|---|---|---|---|---|
 TEND3 | Construtora Tenda SA | 51.2% | R$468.6M | Trimmed−R$30.9M | ▼ 21.8% | Finance |
 ITUB4 | Itau Unibanco Holding SA | 4.6% | R$42.3M | AddedR$32.9M | ▲ 15.7% | Finance |
 BRAV3 | Brava Energia SA | 2.5% | R$22.8M | AddedR$1.4M | ▲ 8.7% | Energy Minerals |
 PASS3 | Compass Gas e Energia SA | 2.5% | R$22.7M | AddedR$19.9M | ▲ 15.9% | Utilities |
 SUZB3 | Suzano S.A. | 2.2% | R$20.0M | Trimmed−R$4.8M | ▲ 6.7% | Process Industries |
 EQTL3 | Equatorial S.A. | 2.2% | R$19.9M | Trimmed−R$9.3M | ▲ 27.3% | Utilities |
 VAMO3 | Vamos Locacao de Caminhoes, Maquinas e Equipamentos SA | 2.1% | R$19.2M | Trimmed−R$938.5K | ▲ 136.3% | Finance |
 CEAB3 | C&A Modas SA | 2.1% | R$19.2M | AddedR$5.6M | ▲ 32.7% | Retail Trade |
 AXIA3 | AXIA Energia SA | 2.0% | R$18.3M | Trimmed−R$2.4M | ▲ 9.0% | Utilities |
 B3SA3 | B3 SA - Brasil, Bolsa, Balcao | 2.0% | R$18.2M | New | ▲ 63.2% | Finance |
 VALE3 | Vale S.A. | 1.9% | R$17.7M | Trimmed−R$4.8M | ▼ 16.0% | Non-Energy Minerals |
 RENT3 | Localiza Rent A Car SA | 1.6% | R$14.5M | AddedR$5.0M | ▲ 27.3% | Finance |
 CPLE3 | Companhia Paranaense de Energia | 1.4% | R$12.9M | Held | ▲ 17.5% | Utilities |
 VBBR3 | Vibra Energia SA | 1.4% | R$12.8M | Trimmed−R$12.6M | ▲ 22.7% | Retail Trade |
 PRIO3 | Prio SA | 1.4% | R$12.7M | AddedR$8.6M | ▲ 36.6% | Energy Minerals |
 EZTC3 | EZ TEC Empreendimentos e Participacoes SA | 1.3% | R$12.1M | Held | ▲ 45.8% | Finance |
 HAPV3 | Hapvida Participacoes e Investimentos SA | 1.3% | R$11.8M | Trimmed−R$4.1M | ▼ 6.5% | Health Services |
 ENEV3 | Eneva S.A. | 1.2% | R$11.2M | Held | ▲ 19.8% | Utilities |
 MOVI3 | Movida Participacoes SA | 1.2% | R$10.7M | AddedR$496.9K | ▲ 112.6% | Finance |
 INBR32 | Inter & Co., Inc. | 1.2% | R$10.7M | Held | ▲ 18.5% | BDR |
 CSAN3 | Cosan S.A. | 1.1% | R$10.2M | Held | ▲ 42.4% | Utilities |
 CURY3 | Cury Construtora e Incorporadora SA | 1.1% | R$10.2M | AddedR$9.6M | ▼ 6.6% | Finance |
 PGMN3 | Empreendimentos Pague Menos SA | 1.1% | R$9.7M | AddedR$5.0M | ▲ 57.9% | Retail Trade |
 ITUB3 | Itau Unibanco Holding S.A. | 1.0% | R$9.5M | New | ▲ 19.3% | Finance |
 ASAI3 | Sendas Distribuidora SA | 0.9% | R$8.5M | Held | ▲ 60.0% | Retail Trade |
 VIVA3 | Vivara Participacoes SA | 0.9% | R$7.9M | AddedR$5.5M | ▲ 20.8% | Consumer Durables |
 PETR3 | Petroleo Brasileiro SA | 0.8% | R$7.8M | New | ▲ 55.2% | Energy Minerals |
 AXIA7 | AXIA Energia SA | 0.8% | R$7.5M | Held | ▲ 12.2% | Utilities |
 GGBR4 | Gerdau S.A. | 0.7% | R$6.6M | Trimmed−R$394.6K | ▲ 26.3% | Non-Energy Minerals |
 SBFG3 | Grupo SBF S.A. | 0.7% | R$6.1M | AddedR$516.0K | ▲ 14.5% | Retail Trade |
 LJQQ3 | Lojas Quero-Quero SA | 0.5% | R$4.3M | Trimmed−R$7.1M | ▲ 141.1% | Retail Trade |
 TFCO4 | Track & Field Co SA | 0.4% | R$4.1M | Trimmed−R$704.5K | ▼ 1.6% | Retail Trade |
 LWSA3 | LWSA S.A. | 0.4% | R$3.4M | Held | ▲ 40.3% | Technology Services |
 GMAT3 | Grupo Mateus SA | 0.4% | R$3.3M | Held | ▲ 53.7% | Retail Trade |
 GRND3 | Grendene S.A. | 0.3% | R$2.5M | Held | ▲ 27.8% | Consumer Non-Durables |
 OPCT3 | OceanPact Servicos Maritimos SA | 0.2% | R$1.9M | Trimmed−R$2.7M | ▼ 4.2% | Commercial Services |
 LREN3 | Lojas Renner S.A. | 0.2% | R$1.7M | Trimmed−R$885.6K | ▲ 1.2% | Retail Trade |
 AUAU3 | Uniao Pet Participacoes SA | 0.2% | R$1.6M | Trimmed−R$194.4K | ▲ 62.3% | Process Industries |
 MGLU3 | Magazine Luiza S.A. | 0.2% | R$1.4M | Trimmed−R$297.2K | ▲ 190.2% | Retail Trade |
 YDUQ3 | YDUQS Participacoes SA | 0.1% | R$1.3M | Trimmed−R$799.2K | ▲ 63.1% | Commercial Services |
 MULT3 | Multiplan Empreendimentos Imobiliarios SA | 0.1% | R$1.1M | Trimmed−R$4.8M | ▲ 29.7% | Finance |
 RAPT4 | Randoncorp S.A. | 0.1% | R$1.0M | Held | ▲ 83.6% | Producer Manufacturing |
 HYPE3 | Hypera S.A. | 0.1% | R$998.3K | Held | ▲ 30.9% | Health Technology |
 EVEN3 | Even Construtora E Incorporadora S.A. | 0.1% | R$842.3K | Held | ▲ 2.1% | Finance |
 ENGI11 | Energisa SA | 0.1% | R$646.8K | Held | ▲ 40.6% | Utilities |
 ALOS3 | Allos S.A. | 0.1% | R$592.1K | Trimmed−R$280.6K | ▲ 27.2% | Finance |
 RANI3 | Irani Papel e Embalagem SA | 0.1% | R$482.9K | Held | ▲ 5.6% | Process Industries |
 MYPK3 | Iochpe Maxion S.A. | 0.1% | R$465.6K | Held | ▲ 33.8% | Producer Manufacturing |
 RIAA3 | RIACHUELO | 0.0% | R$326.3K | New | ▲ 22.5% | Distribution Services |
 RECV3 | Petroreconcavo SA | 0.0% | R$220.6K | Held | ▲ 27.7% | Energy Minerals |
 BRKM5 | Braskem S.A. | 0.0% | R$63.6K | New | ▼ 34.6% | Process Industries |
 IGTI11 | Iguatemi SA | 0.0% | R$54.0K | Trimmed−R$8.7K | ▲ 28.7% | Finance |
 JHSF3 | JHSF Participacoes S.A. | 0.0% | R$53.3K | New | ▲ 25.2% | Finance |
 DIRR3 | Direcional Engenharia S.A. | 0.0% | R$18.1K | Trimmed−R$187.2K | ▼ 18.0% | Finance |
 AMER3 | Americanas SA | 0.0% | R$9.4K | Held | ▲ 79.6% | Retail Trade |
 OIBR3 | – | 0.0% | R$1.7 | Held | – | Other |
Exited this month
Funds
Quota return, after fees
| Fund | Class | AUM | YTD | 12 months | Latest portfolio |
|---|---|---|---|---|---|
| POLO TOTAL RETURN | Multimercados Livre | R$572.3M | ▲ 29.3% | ▲ 34.6% | Jun/26 |
| TOLDA | Ações Invest. no Exterior | R$177.1M | ▲ 16.3% | ▲ 10.7% | Jun/26 |
| POLO ENDURANCE | Multimercados Macro | R$102.9M | ▲ 34.3% | ▲ 42.8% | Sep/26 |
| POLO NORTE MASTER | Multimercados L/S - Direcional | R$96.5M | ▲ 18.9% | ▲ 22.1% | Sep/26 |
| POLO TOTAL CREDIT | Multimercados Livre | R$82.9M | ▲ 12.1% | ▲ 15.8% | Sep/26 |
| NW1 | Multimercados Invest. no Exterior | R$58.2M | ▲ 13.2% | ▲ 15.3% | Apr/26 |
Past performance is no guarantee of future results.