Springs Capital
SPRINGS CAPITAL LTDA.
Portfolio as of May 2026
In stocks
R$574.5M
Stocks
48
Top 10: 74%
Funds
2
YTD
▲ 20.9%
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
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Sectors
- Energy Minerals41.4%
- Finance13.7%
- Utilities9.1%
- Communications8.0%
- Non-Energy Minerals7.0%
- Other6.0%
Portfolio
All of the manager's funds combined · since then: today's price vs. May/26
| Stock | Company | % of stock portfolio | Value | Since then | Sector |
|---|---|---|---|---|---|
 BRAV3 | Brava Energia SA | 38.9% | R$223.7M | ▲ 3.6% | Energy Minerals |
 DESK3 | Desktop SA | 6.8% | R$39.2M | ▲ 6.8% | Communications |
 AXIA6 | – | 5.6% | R$31.9M | – | Other |
 AXIA7 | AXIA Energia SA | 5.2% | R$29.7M | ▲ 18.1% | Utilities |
 CBAV3 | Companhia Brasileira de Aluminio | 4.7% | R$27.3M | ▲ 5.4% | Non-Energy Minerals |
 PINE4 | Banco PINE S.A. | 3.4% | R$19.7M | ▲ 14.9% | Finance |
 BMGB4 | Banco Bmg SA BMG | 3.3% | R$19.1M | ▲ 42.7% | Finance |
 USIM3 | Usinas Siderurgicas de Minas Gerais SA-Usiminas | 2.2% | R$12.8M | ▼ 34.4% | Non-Energy Minerals |
 BMOB3 | Bemobi Mobile Tech SA | 1.8% | R$10.1M | ▲ 39.2% | Technology Services |
 PETR4 | Petroleo Brasileiro SA | 1.7% | R$9.9M | ▲ 38.6% | Energy Minerals |
 ORVR3 | Orizon Valorizacao de Residuos SA | 1.7% | R$9.7M | ▲ 1.5% | Utilities |
 TEND3 | Construtora Tenda SA | 1.6% | R$9.4M | ▼ 12.5% | Finance |
 SBFG3 | Grupo SBF S.A. | 1.5% | R$8.7M | ▲ 3.3% | Retail Trade |
 EQTL3 | Equatorial S.A. | 1.5% | R$8.7M | ▲ 28.6% | Utilities |
 SAUD3 | Bradsaude SA | 1.5% | R$8.6M | ▲ 15.6% | Health Services |
 MDNE3 | Moura Dubeux Engenharia SA | 1.5% | R$8.4M | ▲ 9.0% | Finance |
 PGMN3 | Empreendimentos Pague Menos SA | 1.2% | R$6.9M | ▲ 33.5% | Retail Trade |
 TIMS3 | TIM S.A. | 1.1% | R$6.6M | ▼ 13.1% | Communications |
 RENT3 | Localiza Rent A Car SA | 1.1% | R$6.4M | ▲ 25.8% | Finance |
 JBSS32 | JBS N.V. | 1.0% | R$5.6M | ▲ 5.4% | BDR |
 CEAB3 | C&A Modas SA | 1.0% | R$5.6M | ▲ 23.2% | Retail Trade |
 PRNR3 | Priner Servicos Industriais SA | 1.0% | R$5.5M | ▲ 6.9% | Industrial Services |
 TUPY3 | Tupy S.A. | 0.8% | R$4.8M | ▲ 59.5% | Producer Manufacturing |
 ALOS3 | Allos S.A. | 0.8% | R$4.8M | ▲ 26.6% | Finance |
 PRIO3 | Prio SA | 0.8% | R$4.4M | ▲ 14.5% | Energy Minerals |
 MILS3 | Mills Locacao Servicos e Logistica S.A. | 0.7% | R$4.2M | ▲ 6.9% | Finance |
 LWSA3 | LWSA S.A. | 0.7% | R$3.9M | ▲ 49.3% | Technology Services |
 KEPL3 | Kepler Weber SA | 0.7% | R$3.8M | ▲ 13.1% | Producer Manufacturing |
 TPIS3 | TPI - Triunfo Participacoes e Investimentos SA | 0.6% | R$3.5M | ▲ 23.2% | Transportation |
 TTEN3 | Tres Tentos Agroindustrial SA | 0.6% | R$3.4M | ▼ 10.7% | Commercial Services |
 RDOR3 | Rede D'Or Sao Luiz SA | 0.6% | R$3.3M | ▲ 29.6% | Health Services |
 PNVL3 | Dimed S.A. Distribuidora de Medicamentos | 0.5% | R$3.0M | ▲ 34.8% | Retail Trade |
 HAPV3 | Hapvida Participacoes e Investimentos SA | 0.5% | R$2.9M | ▼ 21.4% | Health Services |
 DIRR3 | Direcional Engenharia S.A. | 0.5% | R$2.7M | ▼ 14.8% | Finance |
 ISAE4 | Isa Energia Brasil SA | 0.4% | R$2.5M | ▲ 7.7% | Utilities |
 QUAL3 | Qualicorp Consultoria e Corretora de Seguros S.A. | 0.4% | R$2.4M | ▲ 27.9% | Health Services |
 MOVI3 | Movida Participacoes SA | 0.4% | R$2.1M | ▲ 109.9% | Finance |
 CSAN3 | Cosan S.A. | 0.3% | R$1.8M | ▲ 38.7% | Utilities |
 PLPL3 | Plano & Plano Desenvolvimento Imobiliario Ltda | 0.3% | R$1.7M | ▼ 8.8% | Finance |
 SHOW3 | – | 0.3% | R$1.6M | – | Other |
 EMBJ3 | Embraer S.A. | 0.2% | R$1.4M | ▲ 23.8% | Electronic Technology |
 CVCB3 | CVC Brasil Operadora e Agencia de Viagens SA | 0.2% | R$1.1M | ▲ 11.3% | Consumer Services |
 PINE14 | – | 0.1% | R$620.3K | – | Other |
 FRAS3 | Frasle Mobility S.A. | 0.1% | R$414.5K | ▲ 33.9% | Producer Manufacturing |
 BEEF3 | Minerva S.A. | 0.0% | R$240.1K | ▲ 17.3% | Distribution Services |
 CSNA3 | Companhia Siderurgica Nacional | 0.0% | R$206.7K | ▼ 10.4% | Non-Energy Minerals |
 CASH3 | Meliuz SA | 0.0% | R$201.6K | ▲ 13.7% | Commercial Services |
 PTNT4 | – | 0.0% | R$850 | – | Other |
Funds
Quota return, after fees
| Fund | Class | AUM | YTD | 12 months | Latest portfolio |
|---|---|---|---|---|---|
| SPRINGS EQUITY HEDGE MASTER | Multimercados Livre | R$277.8M | ▲ 19.9% | ▲ 26.5% | Sep/26 |
| SPRINGS EQUITY HEDGE PLUS MASTER | Multimercados Livre | R$142.0M | ▲ 22.9% | ▲ 30.6% | Sep/26 |
Past performance is no guarantee of future results.