Rubik Capital
RUBIK CAPITAL ASSET MANAGEMENT LTDA.
Portfolio as of March 2026compared with February 2026
In stocks
R$211.9M
Stocks
40
Top 10: 64%
Funds
5
YTD
▲ 9.3%
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$18.1M
- Sells
- −R$15.1M
- New positions
- 2
- Exited
- 1
Sectors
- BDRs21.8%
- Process Industries15.8%
- Utilities11.3%
- Non-Energy Minerals8.0%
- Finance7.1%
- Consumer Durables6.4%
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 |
|---|---|---|---|---|---|---|
 MSFT34 | Microsoft Corp | 10.7% | R$22.7M | Held | ▲ 38.3% | BDR |
 VALE3 | Vale S.A. | 8.0% | R$17.0M | Held | ▼ 20.7% | Non-Energy Minerals |
 SMTO3 | Sao Martinho S.A. | 7.3% | R$15.6M | Trimmed−R$869.2K | ▲ 0.3% | Process Industries |
 SUZB3 | Suzano S.A. | 7.1% | R$15.0M | Held | ▼ 18.3% | Process Industries |
 PRIO3 | Prio SA | 6.0% | R$12.8M | Trimmed−R$993.1K | ▲ 7.6% | Energy Minerals |
 NVDC34 | NVIDIA Corporation | 5.9% | R$12.4M | New | ▲ 20.3% | BDR |
 MRVE3 | MRV Engenharia e Participacoes S.A. | 5.6% | R$11.8M | Held | ▲ 6.1% | Consumer Durables |
 RAIL3 | Rumo SA | 5.1% | R$10.8M | Held | ▲ 18.8% | Transportation |
 JBSS32 | JBS N.V. | 4.3% | R$9.1M | Held | ▼ 30.9% | BDR |
 CPFE3 | CPFL Energia S.A. | 4.1% | R$8.7M | AddedR$585.1K | ▲ 2.7% | Utilities |
 EQTL3 | Equatorial S.A. | 4.0% | R$8.5M | Held | ▲ 21.6% | Utilities |
 ITUB4 | Itau Unibanco Holding SA | 3.8% | R$8.1M | AddedR$4.4M | ▲ 12.2% | Finance |
 TTEN3 | Tres Tentos Agroindustrial SA | 3.0% | R$6.4M | Held | ▼ 12.9% | Commercial Services |
 CSAN3 | Cosan S.A. | 2.9% | R$6.1M | Held | ▼ 2.0% | Utilities |
 LREN3 | Lojas Renner S.A. | 2.5% | R$5.4M | Held | ▼ 0.2% | Retail Trade |
 UGPA3 | Ultrapar Participacoes S.A. | 2.4% | R$5.2M | Held | ▲ 38.5% | Retail Trade |
 TUPY3 | Tupy S.A. | 2.2% | R$4.6M | Held | ▲ 51.6% | Producer Manufacturing |
 WEGE3 | WEG SA | 2.2% | R$4.6M | Held | ▼ 4.4% | Producer Manufacturing |
 LWSA3 | LWSA S.A. | 2.1% | R$4.5M | Held | ▲ 46.6% | Technology Services |
 SLCE3 | SLC Agricola S.A. | 1.4% | R$2.9M | Held | ▼ 8.7% | Process Industries |
 GMAT3 | Grupo Mateus SA | 1.3% | R$2.8M | AddedR$346.9K | ▲ 20.0% | Retail Trade |
 VAMO3 | Vamos Locacao de Caminhoes, Maquinas e Equipamentos SA | 1.3% | R$2.7M | Held | ▲ 78.5% | Finance |
 AZZA3 | Azzas 2154 SA | 1.1% | R$2.4M | Held | ▲ 5.7% | Consumer Non-Durables |
 CYRE3 | Cyrela Brazil Realty SA Empreendimentos e Participacoes | 1.0% | R$2.1M | Held | ▲ 26.0% | Finance |
 BTLT39 | iShares 20+ Year Treasury Bond ETF | 1.0% | R$2.0M | Held | ▼ 10.7% | BDR |
 EMBJ3 | Embraer S.A. | 0.9% | R$2.0M | Held | ▲ 18.0% | Electronic Technology |
 BBSE3 | BB Seguridade Participacoes SA | 0.9% | R$1.8M | Held | ▲ 21.5% | Finance |
 VIVA3 | Vivara Participacoes SA | 0.8% | R$1.8M | Held | ▲ 6.6% | Consumer Durables |
 FLRY3 | Fleury SA | 0.4% | R$949.4K | Held | ▲ 77.0% | Health Services |
 CYRE4 | Cyrela Brazil Realty SA Empreendimentos e Participacoes | 0.2% | R$360.5K | New | ▲ 29.2% | Finance |
 CPLE3 | Companhia Paranaense de Energia | 0.2% | R$339.5K | Held | ▲ 14.4% | Utilities |
 AXIA3 | AXIA Energia SA | 0.2% | R$322.1K | Held | ▲ 1.2% | Utilities |
 AXIA7 | AXIA Energia SA | 0.0% | R$81.7K | Held | ▲ 5.0% | Utilities |
 AMER3 | Americanas SA | 0.0% | R$51.9K | Held | ▲ 33.2% | Retail Trade |
 GOGL34 | Alphabet Inc | 0.0% | R$6.7K | Trimmed−R$1.0M | ▲ 15.0% | BDR |
 UNHH34 | Unitedhealth Group Inc | 0.0% | R$499.5 | Trimmed−R$2.2M | ▲ 50.5% | BDR |
 BEEF3 | Minerva S.A. | 0.0% | R$140.25 | Held | ▲ 1.9% | Distribution Services |
 ITSA4 | Itausa SA | 0.0% | R$27.96 | Held | ▲ 13.0% | Finance |
 AZUL53 | – | 0.0% | R$22.88 | Held | – | Other |
 KLBN4 | Klabin SA | 0.0% | R$19.7 | Held | ▼ 6.3% | Non-Energy Minerals |
Exited this month
Funds
Quota return, after fees
| Fund | Class | AUM | YTD | 12 months | Latest portfolio |
|---|---|---|---|---|---|
| JTP | Fechados de Ações | R$190.3M | ▲ 0.3% | ▲ 3.6% | Jun/26 |
| RUBIK CICLOS MASTER | Multimercados Macro | R$140.4M | ▲ 10.4% | ▲ 15.3% | Jun/26 |
| NORMAN | Multimercados Invest. no Exterior | R$127.3M | ▲ 12.1% | ▲ 16.5% | Jun/26 |
| JTP 3 | Multimercados Invest. no Exterior | R$109.7M | ▲ 10.5% | ▲ 14.3% | Jun/26 |
| RUBIK BEQUEST MASTER | Ações Livre | R$99.0M | ▲ 20.1% | ▲ 25.5% | Mar/26 |
Past performance is no guarantee of future results.