Santander Brasil
SANTANDER BRASIL GESTÃO DE RECURSOS LTDA
Portfolio as of March 2026compared with February 2026
In stocks
R$3.2B
Stocks
142
Top 10: 56%
Funds
22
YTD
▲ 22.7%
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$227.6M
- Sells
- −R$118.7M
- New positions
- 2
- Exited
- 2
Sectors
- Finance30.6%
- Energy Minerals18.0%
- Utilities15.1%
- Non-Energy Minerals12.4%
- BDRs9.5%
- Retail Trade3.7%
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 |
|---|---|---|---|---|---|---|
 VALE3 | Vale S.A. | 11.5% | R$366.8M | AddedR$9.4M | ▼ 20.7% | Non-Energy Minerals |
 PETR3 | Petroleo Brasileiro SA | 11.0% | R$349.4M | Trimmed−R$20.9M | ▲ 20.3% | Energy Minerals |
 ITUB4 | Itau Unibanco Holding SA | 7.3% | R$231.6M | AddedR$29.9M | ▲ 12.2% | Finance |
 PETR4 | Petroleo Brasileiro SA | 5.8% | R$185.7M | AddedR$55.6M | ▲ 19.6% | Energy Minerals |
 BBDC3 | Banco Bradesco SA | 4.7% | R$151.2M | AddedR$10.3M | ▲ 9.1% | Finance |
 ITSA4 | Itausa SA | 3.8% | R$122.1M | AddedR$4.2M | ▲ 13.0% | Finance |
 AXIA3 | AXIA Energia SA | 3.3% | R$104.8M | AddedR$3.9M | ▲ 1.2% | Utilities |
 CPLE3 | Companhia Paranaense de Energia | 2.8% | R$88.7M | Trimmed−R$8.2M | ▲ 14.4% | Utilities |
 BIVB39 | iShares Core S&P 500 ETF | 2.8% | R$87.6M | Trimmed−R$2.5M | ▲ 14.8% | BDR |
 ALOS3 | Allos S.A. | 2.7% | R$86.3M | Held | ▲ 17.7% | Finance |
 VBBR3 | Vibra Energia SA | 2.5% | R$79.2M | AddedR$2.7M | ▲ 16.0% | Retail Trade |
 SBSP3 | Companhia de Saneamento Basico do Estado de Sao Paulo SABESP | 1.9% | R$60.8M | AddedR$1.5M | ▲ 2.8% | Utilities |
 EQTL3 | Equatorial S.A. | 1.9% | R$59.4M | AddedR$2.6M | ▲ 21.6% | Utilities |
 BBAS3 | Banco do Brasil S.A. | 1.7% | R$53.1M | AddedR$1.7M | ▲ 5.2% | Finance |
 CXSE3 | Caixa Seguridade Participacoes SA | 1.7% | R$53.0M | Trimmed−R$12.9M | ▲ 16.0% | Finance |
 BBDC4 | Banco Bradesco SA | 1.7% | R$52.6M | AddedR$14.5M | ▲ 7.9% | Finance |
 BBSE3 | BB Seguridade Participacoes SA | 1.6% | R$51.0M | Held | ▲ 21.5% | Finance |
 ISAE4 | Isa Energia Brasil SA | 1.5% | R$48.6M | AddedR$11.2M | ▲ 0.0% | Utilities |
 MULT3 | Multiplan Empreendimentos Imobiliarios SA | 1.5% | R$46.9M | AddedR$10.1M | ▲ 19.3% | Finance |
 BIEU39 | iShares Core MSCI Europe ETF | 1.4% | R$43.7M | Trimmed−R$3.9M | ▲ 2.1% | BDR |
 TIMS3 | TIM S.A. | 1.3% | R$41.3M | AddedR$1.2M | ▼ 30.7% | Communications |
 CURY3 | Cury Construtora e Incorporadora SA | 1.2% | R$37.5M | AddedR$3.5M | ▼ 7.4% | Finance |
 SUZB3 | Suzano S.A. | 1.2% | R$37.0M | AddedR$10.5M | ▼ 18.3% | Process Industries |
 PRIO3 | Prio SA | 1.1% | R$34.4M | Trimmed−R$5.3M | ▲ 7.6% | Energy Minerals |
 BURT39 | iShares MSCI World ETF | 1.0% | R$31.6M | Held | ▲ 12.0% | BDR |
 ENEV3 | Eneva S.A. | 1.0% | R$31.2M | AddedR$1.6M | ▲ 30.4% | Utilities |
 B3SA3 | B3 SA - Brasil, Bolsa, Balcao | 0.9% | R$28.1M | AddedR$2.5M | ▲ 28.9% | Finance |
 CSMG3 | Companhia de Saneamento de Minas Gerais | 0.9% | R$27.8M | AddedR$937.6K | ▲ 10.1% | Utilities |
 RENT3 | Localiza Rent A Car SA | 0.9% | R$27.8M | Trimmed−R$1.5M | ▲ 12.5% | Finance |
 CMIG4 | Companhia Energetica de Minas Gerais SA | 0.9% | R$27.7M | AddedR$752.1K | ▼ 6.2% | Utilities |
 AXIA6 | – | 0.8% | R$26.5M | Held | – | Other |
 MBRF3 | MBRF Global Foods Company S.A. | 0.8% | R$24.2M | AddedR$729.1K | ▼ 14.3% | Consumer Non-Durables |
 BIEM39 | iShares Core MSCI Emerging Markets ETF | 0.8% | R$24.1M | AddedR$13.6M | ▲ 7.9% | BDR |
 BEWC39 | iShares MSCI Canada ETF | 0.7% | R$23.6M | Trimmed−R$617.2K | ▲ 7.9% | BDR |
 MOTV3 | Motiva Infraestrutura de Mobilidade SA | 0.7% | R$23.1M | AddedR$7.4M | ▲ 29.0% | Transportation |
 WEGE3 | WEG SA | 0.7% | R$22.9M | AddedR$948.8K | ▼ 4.4% | Producer Manufacturing |
 BIWF39 | iShares Russell 1000 Growth ETF | 0.7% | R$21.8M | Held | ▼ 72.2% | BDR |
 SMFT3 | Smartfit Escola de Ginastica e Danca SA | 0.7% | R$21.5M | AddedR$1.2M | ▲ 33.9% | Consumer Services |
 FLRY3 | Fleury SA | 0.6% | R$19.2M | Trimmed−R$7.3M | ▲ 77.0% | Health Services |
 ABEV3 | Ambev SA | 0.5% | R$17.3M | AddedR$790.3K | ▲ 10.5% | Consumer Non-Durables |
 RAIL3 | Rumo SA | 0.5% | R$17.0M | AddedR$3.4M | ▲ 18.8% | Transportation |
 EMBJ3 | Embraer S.A. | 0.5% | R$16.1M | Trimmed−R$1.6M | ▲ 18.0% | Electronic Technology |
 AXIA7 | AXIA Energia SA | 0.5% | R$15.8M | Held | ▲ 5.0% | Utilities |
 BEWJ39 | iShares MSCI Japan ETF | 0.5% | R$15.3M | Trimmed−R$791.6K | ▲ 9.8% | BDR |
 RDOR3 | Rede D'Or Sao Luiz SA | 0.5% | R$15.1M | AddedR$3.1M | ▲ 13.1% | Health Services |
 VIVA3 | Vivara Participacoes SA | 0.4% | R$13.7M | AddedR$814.4K | ▲ 6.6% | Consumer Durables |
 DIRR3 | Direcional Engenharia S.A. | 0.4% | R$13.7M | AddedR$436.1K | ▼ 14.1% | Finance |
 CMIN3 | CSN Mineracao SA | 0.4% | R$13.1M | AddedR$297.2K | ▲ 1.0% | Non-Energy Minerals |
 BEUW39 | iShares MSCI USA Equal Weighted ETF | 0.4% | R$12.3M | Trimmed−R$368.5K | ▲ 9.1% | BDR |
 BOEF39 | iShares S&P 100 ETF | 0.4% | R$12.2M | Trimmed−R$411.6K | ▲ 16.8% | BDR |
 LREN3 | Lojas Renner S.A. | 0.4% | R$11.9M | AddedR$361.8K | ▼ 0.2% | Retail Trade |
 UGPA3 | Ultrapar Participacoes S.A. | 0.3% | R$9.5M | AddedR$669.5K | ▲ 38.5% | Retail Trade |
 RADL3 | Raia Drogasil S.A. | 0.3% | R$9.5M | AddedR$371.4K | ▼ 8.2% | Retail Trade |
 VIVT3 | Telefonica Brasil S.A. | 0.3% | R$9.4M | AddedR$321.3K | ▼ 21.9% | Communications |
 CYRE3 | Cyrela Brazil Realty SA Empreendimentos e Participacoes | 0.3% | R$8.3M | Trimmed−R$3.0M | ▲ 26.0% | Finance |
 GGBR4 | Gerdau S.A. | 0.3% | R$8.2M | AddedR$195.2K | ▲ 38.2% | Non-Energy Minerals |
 ODPV3 | – | 0.3% | R$8.1M | AddedR$7.8M | – | Other |
 BEPP39 | iShares MSCI Pacific ex Japan ETF | 0.2% | R$7.5M | Held | ▼ 1.3% | BDR |
 BEMC39 | iShares MSCI Emerging Markets ex China ETF | 0.2% | R$6.9M | Trimmed−R$17.9M | ▲ 15.3% | BDR |
 TOTS3 | TOTVS S.A. | 0.2% | R$5.6M | AddedR$370.7K | ▲ 20.4% | Technology Services |
Exited this month
Funds
Quota return, after fees
| Fund | Class | AUM | YTD | 12 months | Latest portfolio |
|---|---|---|---|---|---|
| SANTANDER DIVIDENDOS AÇÕES - | Ações Dividendos | R$1.2B | ▲ 26.8% | ▲ 35.6% | Mar/26 |
| SANTANDER KARUN MULTIMERCADO - | Multimercados Juros e Moedas | R$852.6M | ▲ 11.0% | ▲ 15.0% | Jul/26 |
| SANTANDER GLOBAL EQUITIES DÓLAR MULTIMERCADO INVESTIMENTO NO EXTERIOR - | Multimercados Invest. no Exterior | R$553.8M | ▲ 1.8% | ▲ 8.4% | Jul/26 |
| SANTANDER IBrX AÇÕES - | Ações Indexados | R$527.3M | ▲ 27.7% | ▲ 40.6% | Sep/26 |
| SANTANDER AÇÕES GLOBAIS REAIS BDR ETF AÇÕES - | Ações Livre | R$466.1M | ▲ 18.8% | ▲ 25.9% | Mar/26 |
| SANTANDER PREV IBOVESPA ATIVO AÇÕES - | Previdência Ações Ativo | R$370.3M | ▲ 28.8% | ▲ 40.9% | Mar/26 |
| SANTANDER IBOVESPA ATIVO INSTITUCIONAL AÇÕES - | Ações Índice Ativo | R$304.2M | ▲ 28.0% | ▲ 39.8% | Mar/26 |
| SANTANDER PREV AÇÕES DIVIDENDOS - | Previdência Ações Ativo | R$283.2M | ▲ 26.9% | ▲ 35.8% | Mar/26 |
| SANTANDER SELEÇÃO AÇÕES - | Ações Valor/Crescimento | R$279.8M | ▲ 29.8% | ▲ 40.8% | Mar/26 |
| SBPREV II MASTER BALANCEADO MULTIMERCADO CRÉDITO PRIVADO - | Previdência Multimercado Livre | R$268.9M | ▲ 16.2% | ▲ 23.2% | Jul/26 |
| SANTANDER SEVILHA CRESCIMENTO MULTIMERCADO CRÉDITO PRIVADO - | Multimercados Livre | R$249.7M | ▲ 8.8% | ▲ 12.3% | Jun/26 |
| SANTANDER PREV CORDOBA BRASIL MACRO MULTIMERCADO - | Previdência Multimercado Livre | R$206.6M | ▲ 11.1% | ▲ 16.1% | May/26 |
| SANTANDER SEVILHA EQUILÍBRIO MULTIMERCADO CRÉDITO PRIVADO - | Multimercados Livre | R$164.4M | ▲ 9.6% | ▲ 13.3% | Jun/26 |
| SANTANDER CORDOBA MULTIMERCADO INVESTIMENTO NO EXTERIOR - | Multimercados Invest. no Exterior | R$143.0M | – | – | Jun/26 |
| SANTANDER PETRO TOP AÇÕES - | Fundos de Mono Ação | R$135.6M | ▲ 112.2% | ▲ 110.5% | Jul/26 |
| SANTANDER PETROBRAS AÇÕES - | Fundos de Mono Ação | R$135.3M | ▲ 107.8% | ▲ 106.0% | Sep/26 |
| SANTANDER PREV SELEÇÃO AÇÕES - | Previdência Ações Ativo | R$134.2M | ▲ 30.2% | ▲ 41.3% | Mar/26 |
| SANTANDER MULTIMERCADO MACRO BRASIL CRESCIMENTO - | Multimercados Livre | R$115.7M | ▲ 10.5% | ▲ 14.8% | May/26 |
| SANTANDER VALE 4 AÇÕES - | Fundos de Mono Ação | R$90.3M | ▼ 7.3% | ▲ 21.1% | Jul/26 |
| SANTANDER SELEÇÃO LONG BIASED MULTIMERCADO - | Multimercados Livre | R$82.3M | ▲ 15.9% | ▲ 19.1% | Sep/26 |
| SANTANDER ETHICAL SUSTENTABILIDADE IS AÇÕES - | Ações Livre | R$57.8M | ▲ 21.6% | ▲ 28.0% | Mar/26 |
| SANTANDER VALE AÇÕES - | Fundos de Mono Ação | R$50.4M | ▼ 7.6% | ▲ 20.6% | Jul/26 |
Past performance is no guarantee of future results.