RIO Bravo

RIO BRAVO INVESTIMENTOS LTDA

Portfolio as of March 2026compared with February 2026

In stocks

R$195.7M

Stocks

Top 10: 97%

Funds

YTD

▲ 26.0%

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$48.5M
Sells: R$0
New positions: 0
Exited: 0

Sectors

Finance32.7%
Utilities20.9%
Commercial Services11.5%
Transportation11.1%
Consumer Durables10.4%
Health Technology8.7%

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
TEND3	Construtora Tenda SA	13.1%	R$25.7M	AddedR$4.6M	▼ 8.3%	Finance
TTEN3	Tres Tentos Agroindustrial SA	11.5%	R$22.5M	AddedR$5.4M	▼ 12.9%	Commercial Services
ECOR3	EcoRodovias Infraestrutura e Logistica S.A.	11.1%	R$21.8M	AddedR$8.6M	▲ 63.1%	Transportation
AXIA3	AXIA Energia SA	10.5%	R$20.6M	AddedR$5.0M	▲ 1.2%	Utilities
VIVA3	Vivara Participacoes SA	10.4%	R$20.3M	AddedR$4.9M	▲ 6.6%	Consumer Durables
VAMO3	Vamos Locacao de Caminhoes, Maquinas e Equipamentos SA	10.2%	R$20.0M	AddedR$9.3M	▲ 78.5%	Finance
MULT3	Multiplan Empreendimentos Imobiliarios SA	9.3%	R$18.2M	AddedR$4.4M	▲ 19.3%	Finance
HYPE3	Hypera S.A.	8.7%	R$17.1M	AddedR$4.1M	▲ 17.1%	Health Technology
SBSP3	Companhia de Saneamento Basico do Estado de Sao Paulo SABESP	7.6%	R$14.9M	Held	▲ 2.8%	Utilities
LEVE3	Mahle-Metal Leve S.A.	4.7%	R$9.1M	AddedR$587.8K	▲ 11.0%	Producer Manufacturing
AXIA7	AXIA Energia SA	2.8%	R$5.4M	AddedR$1.5M	▲ 5.0%	Utilities

Funds

Quota return, after fees

Fund	Class	AUM	YTD	12 months	Latest portfolio
RIO BRAVO RADIX	Ações Livre	R$260.4M	▲ 26.0%	▲ 40.2%	Mar/26

Past performance is no guarantee of future results.