Próprio Capital

PRÓPRIO CAPITAL GESTÃO DE RECURSOS LTDA

Portfolio as of November 2025compared with October 2025

In stocks

R$70.7M

Stocks

Top 10: 100%

Funds

YTD

▲ 16.2%

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$20.0M
Sells: −R$716.7K
New positions: 2
Exited: 3

Sectors

Finance21.6%
Retail Trade21.3%
Consumer Non-Durables10.5%
Producer Manufacturing10.3%
Technology Services10.2%
Consumer Services9.9%

Portfolio

All of the manager's funds combined · since then: today's price vs. Nov/25

Stock	Company	% of stock portfolio	Value	Month	Since then	Sector
PLPL3	Plano & Plano Desenvolvimento Imobiliario Ltda	11.3%	R$8.0M	AddedR$1.4M	▼ 49.2%	Finance
LREN3	Lojas Renner S.A.	11.1%	R$7.9M	AddedR$1.6M	▼ 5.2%	Retail Trade
NATU3	Natura Cosmeticos SA	10.5%	R$7.4M	AddedR$1.1M	▼ 7.7%	Consumer Non-Durables
POMO4	Marcopolo SA	10.3%	R$7.3M	AddedR$4.2M	▼ 15.8%	Producer Manufacturing
INTB3	Intelbras SA Industria de Telecomunicacao Eletronica Brasileir	10.2%	R$7.2M	Trimmed−R$716.7K	▲ 51.8%	Technology Services
GMAT3	Grupo Mateus SA	10.2%	R$7.2M	AddedR$1.3M	▲ 10.6%	Retail Trade
RENT3	Localiza Rent A Car SA	10.2%	R$7.2M	AddedR$814.5K	▲ 21.3%	Finance
ANIM3	Anima Holding SA	9.9%	R$7.0M	AddedR$2.9M	▲ 34.2%	Consumer Services
PETZ3	–	9.6%	R$6.8M	New	–	Other
SUZB3	Suzano S.A.	6.6%	R$4.7M	Held	▼ 10.9%	Process Industries