Real Capital Partners
REAL CAPITAL PARTNERS LTDA
Portfolio as of March 2026compared with February 2026
In stocks
R$192.7M
Stocks
98
Top 10: 51%
Funds
2
YTD
▲ 10.4%
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$40.3M
- Sells
- −R$33.0M
- New positions
- 21
- Exited
- 12
Sectors
- Finance26.4%
- Utilities20.9%
- BDRs10.0%
- Retail Trade9.6%
- Health Services7.2%
- Commercial Services6.2%
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 |
|---|---|---|---|---|---|---|
 EQTL3 | Equatorial S.A. | 6.6% | R$12.7M | Trimmed−R$583.0K | ▲ 21.6% | Utilities |
 RDOR3 | Rede D'Or Sao Luiz SA | 6.4% | R$12.3M | AddedR$1.1M | ▲ 13.1% | Health Services |
 CPLE3 | Companhia Paranaense de Energia | 6.2% | R$11.9M | Trimmed−R$1.6M | ▲ 14.4% | Utilities |
 ROXO34 | Nu Holdings Ltd. | 6.1% | R$11.7M | AddedR$917.6K | ▲ 2.2% | BDR |
 ITUB4 | Itau Unibanco Holding SA | 5.9% | R$11.3M | AddedR$3.5M | ▲ 12.2% | Finance |
 DIRR3 | Direcional Engenharia S.A. | 4.3% | R$8.3M | AddedR$2.0M | ▼ 14.1% | Finance |
 TFCO4 | Track & Field Co SA | 4.1% | R$7.9M | Trimmed−R$437.1K | ▼ 9.9% | Retail Trade |
 TTEN3 | Tres Tentos Agroindustrial SA | 4.0% | R$7.6M | Trimmed−R$347.2K | ▼ 12.9% | Commercial Services |
 VALE3 | Vale S.A. | 3.8% | R$7.3M | AddedR$6.8M | ▼ 20.7% | Non-Energy Minerals |
 TEND3 | Construtora Tenda SA | 3.6% | R$7.0M | Held | ▼ 8.3% | Finance |
 MOVI3 | Movida Participacoes SA | 3.6% | R$6.9M | AddedR$3.1M | ▲ 54.6% | Finance |
 PNVL3 | Dimed S.A. Distribuidora de Medicamentos | 3.0% | R$5.7M | AddedR$360.0K | ▲ 11.4% | Retail Trade |
 SBSP3 | Companhia de Saneamento Basico do Estado de Sao Paulo SABESP | 2.8% | R$5.3M | AddedR$357.1K | ▲ 2.8% | Utilities |
 AXIA6 | – | 2.6% | R$5.0M | Trimmed−R$1.2M | – | Other |
 VIVA3 | Vivara Participacoes SA | 2.5% | R$4.9M | AddedR$839.5K | ▲ 6.6% | Consumer Durables |
 VTRU3 | Vitru Educacao SA | 2.2% | R$4.2M | AddedR$1.2M | ▲ 51.5% | Commercial Services |
 ALOS3 | Allos S.A. | 2.2% | R$4.2M | AddedR$1.6M | ▲ 17.7% | Finance |
 MELI34 | MercadoLibre, Inc. | 2.1% | R$4.1M | AddedR$148.4K | ▲ 5.6% | BDR |
 VBBR3 | Vibra Energia SA | 2.1% | R$4.0M | Trimmed−R$2.4M | ▲ 16.0% | Retail Trade |
 ENEV3 | Eneva S.A. | 2.1% | R$4.0M | AddedR$3.8M | ▲ 30.4% | Utilities |
 VAMO3 | Vamos Locacao de Caminhoes, Maquinas e Equipamentos SA | 1.9% | R$3.7M | AddedR$113.8K | ▲ 78.5% | Finance |
 SUZB3 | Suzano S.A. | 1.9% | R$3.7M | AddedR$342.5K | ▼ 18.3% | Process Industries |
 SMTO3 | Sao Martinho S.A. | 1.7% | R$3.3M | New | ▲ 0.3% | Process Industries |
 ITUB3 | Itau Unibanco Holding S.A. | 1.2% | R$2.3M | Trimmed−R$1.7M | ▲ 23.3% | Finance |
 SLCE3 | SLC Agricola S.A. | 1.2% | R$2.2M | Trimmed−R$856.9K | ▼ 8.7% | Process Industries |
 AXIA3 | AXIA Energia SA | 1.1% | R$2.2M | AddedR$1.8M | ▲ 1.2% | Utilities |
 ANIM3 | Anima Holding SA | 1.0% | R$1.9M | AddedR$1.2M | ▲ 19.5% | Consumer Services |
 STOC34 | StoneCo Ltd. | 1.0% | R$1.8M | AddedR$293.6K | ▼ 17.3% | BDR |
 TUPY3 | Tupy S.A. | 0.9% | R$1.7M | AddedR$1.6M | ▲ 51.6% | Producer Manufacturing |
 MDNE3 | Moura Dubeux Engenharia SA | 0.8% | R$1.6M | AddedR$838.5K | ▼ 5.0% | Finance |
 AXIA7 | AXIA Energia SA | 0.7% | R$1.4M | Held | ▲ 5.0% | Utilities |
 PINE4 | Banco PINE S.A. | 0.7% | R$1.4M | New | ▲ 26.1% | Finance |
 MATD3 | Hospital Mater Dei SA | 0.7% | R$1.3M | Held | ▲ 11.0% | Health Services |
 PRIO3 | Prio SA | 0.7% | R$1.3M | Trimmed−R$10.6M | ▲ 7.6% | Energy Minerals |
 CSAN3 | Cosan S.A. | 0.6% | R$1.2M | AddedR$699.4K | ▼ 2.0% | Utilities |
 AURA33 | Aura Minerals Inc | 0.6% | R$1.2M | Trimmed−R$2.3M | ▲ 1.4% | BDR |
 ECOR3 | EcoRodovias Infraestrutura e Logistica S.A. | 0.6% | R$1.1M | Trimmed−R$231.8K | ▲ 63.1% | Transportation |
 GRND3 | Grendene S.A. | 0.6% | R$1.1M | Trimmed−R$121.8K | ▲ 1.9% | Consumer Non-Durables |
 JHSF3 | JHSF Participacoes S.A. | 0.6% | R$1.1M | Trimmed−R$311.5K | ▲ 53.1% | Finance |
 ABCB4 | Banco ABC Brasil SA Conv | 0.4% | R$812.8K | Trimmed−R$48.3K | ▲ 17.5% | Finance |
 ISAE4 | Isa Energia Brasil SA | 0.4% | R$785.4K | Trimmed−R$154.2K | ▲ 0.0% | Utilities |
 CSMG3 | Companhia de Saneamento de Minas Gerais | 0.4% | R$755.9K | Trimmed−R$167.3K | ▲ 10.1% | Utilities |
 RECV3 | Petroreconcavo SA | 0.4% | R$728.2K | AddedR$484.0K | ▼ 9.2% | Energy Minerals |
 CYRE3 | Cyrela Brazil Realty SA Empreendimentos e Participacoes | 0.3% | R$650.2K | Trimmed−R$355.2K | ▲ 26.0% | Finance |
 UGPA3 | Ultrapar Participacoes S.A. | 0.3% | R$591.6K | Trimmed−R$34.5K | ▲ 38.5% | Retail Trade |
 LEVE3 | Mahle-Metal Leve S.A. | 0.3% | R$535.3K | AddedR$77.0K | ▲ 11.0% | Producer Manufacturing |
 BBAS3 | Banco do Brasil S.A. | 0.3% | R$524.4K | AddedR$489.9K | ▲ 5.2% | Finance |
 RIAA3 | RIACHUELO | 0.3% | R$518.9K | Trimmed−R$62.3K | ▲ 20.4% | Distribution Services |
 PETR4 | Petroleo Brasileiro SA | 0.3% | R$486.7K | Trimmed−R$1.5M | ▲ 19.6% | Energy Minerals |
 VULC3 | Vulcabras SA | 0.2% | R$353.9K | Trimmed−R$92.9K | ▼ 6.2% | Consumer Non-Durables |
 IBIT39 | IShares Bitcoin Trust | 0.2% | R$351.7K | Held | ▲ 17.9% | BDR |
 AZZA3 | Azzas 2154 SA | 0.2% | R$348.0K | AddedR$342.8K | ▲ 5.7% | Consumer Non-Durables |
 ALPA4 | Alpargatas SA | 0.2% | R$336.0K | Trimmed−R$145.1K | ▲ 44.7% | Consumer Non-Durables |
 BEEF3 | Minerva S.A. | 0.2% | R$320.4K | New | ▲ 1.9% | Distribution Services |
 HAPV3 | Hapvida Participacoes e Investimentos SA | 0.2% | R$310.5K | New | ▼ 5.4% | Health Services |
 BBSE3 | BB Seguridade Participacoes SA | 0.1% | R$226.3K | AddedR$153.2K | ▲ 21.5% | Finance |
 CYRE4 | Cyrela Brazil Realty SA Empreendimentos e Participacoes | 0.1% | R$215.7K | New | ▲ 29.2% | Finance |
 VITT3 | Vittia S.A. | 0.1% | R$179.5K | Held | ▼ 8.8% | Process Industries |
 JBSS32 | JBS N.V. | 0.1% | R$148.8K | Trimmed−R$120.9K | ▼ 30.9% | BDR |
 BBDC4 | Banco Bradesco SA | 0.1% | R$145.7K | Trimmed−R$1.2M | ▲ 7.9% | Finance |
Funds
Quota return, after fees
| Fund | Class | AUM | YTD | 12 months | Latest portfolio |
|---|---|---|---|---|---|
| CORUMBAU | Multimercados Invest. no Exterior | R$348.2M | ▲ 7.9% | ▲ 10.6% | Sep/26 |
| REAL CAPITAL PARTNERS MASTER | Ações Livre | R$121.9M | ▲ 17.6% | ▲ 26.2% | Mar/26 |
Past performance is no guarantee of future results.