Squadra
SQUADRA INVESTIMENTOS - GESTÃO DE RECURSOS LTDA.
Portfolio as of March 2026compared with February 2026
In stocks
R$4.2B
Stocks
30
Top 10: 88%
Funds
7
YTD
▲ 19.2%
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$723.3M
- Sells
- −R$495.2M
- New positions
- 5
- Exited
- 3
Sectors
- Utilities33.1%
- BDRs25.9%
- Finance11.4%
- Retail Trade9.0%
- Commercial Services7.6%
- Transportation7.4%
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 |
|---|---|---|---|---|---|---|
 EQTL3 | Equatorial S.A. | 31.4% | R$1.3B | Held | ▲ 21.6% | Utilities |
 MELI34 | MercadoLibre, Inc. | 8.1% | R$341.6M | AddedR$169.0M | ▲ 5.6% | BDR |
 UGPA3 | Ultrapar Participacoes S.A. | 8.1% | R$340.0M | Trimmed−R$36.4M | ▲ 38.5% | Retail Trade |
 ROXO34 | Nu Holdings Ltd. | 7.6% | R$320.4M | AddedR$160.9M | ▲ 2.2% | BDR |
 GGPS3 | GPS Participacoes e Empreendimentos SA | 7.6% | R$319.3M | AddedR$46.8M | ▼ 2.2% | Commercial Services |
 RAIL3 | Rumo SA | 7.4% | R$310.1M | Held | ▲ 18.8% | Transportation |
 MULT3 | Multiplan Empreendimentos Imobiliarios SA | 6.7% | R$279.8M | AddedR$20.9M | ▲ 19.3% | Finance |
 INBR32 | Inter & Co., Inc. | 5.9% | R$246.6M | Held | ▼ 20.1% | BDR |
 HAPV3 | Hapvida Participacoes e Investimentos SA | 2.9% | R$123.0M | Held | ▼ 5.4% | Health Services |
 XPBR31 | XP Inc. | 2.3% | R$95.6M | AddedR$81.2M | ▲ 62.5% | BDR |
 STOC34 | StoneCo Ltd. | 1.9% | R$81.5M | AddedR$59.3M | ▼ 17.3% | BDR |
 ITSA4 | Itausa SA | 1.9% | R$79.6M | Trimmed−R$11.6M | ▲ 13.0% | Finance |
 ITUB4 | Itau Unibanco Holding SA | 1.5% | R$62.4M | AddedR$59.9M | ▲ 12.2% | Finance |
 EQPA3 | Equatorial Para Distribuidora de Energia SA | 1.4% | R$58.2M | Held | ▼ 18.0% | Utilities |
 RENT3 | Localiza Rent A Car SA | 1.2% | R$49.9M | New | ▲ 12.5% | Finance |
 VALE3 | Vale S.A. | 1.0% | R$43.4M | AddedR$35.7M | ▼ 20.7% | Non-Energy Minerals |
 MATD3 | Hospital Mater Dei SA | 0.9% | R$39.8M | Held | ▲ 11.0% | Health Services |
 GMAT3 | Grupo Mateus SA | 0.8% | R$32.3M | Trimmed−R$63.7M | ▲ 20.0% | Retail Trade |
 AURE3 | Auren Energia SA | 0.3% | R$10.8M | New | ▲ 27.3% | Utilities |
 MBRF3 | MBRF Global Foods Company S.A. | 0.3% | R$10.8M | AddedR$3.6M | ▼ 14.3% | Consumer Non-Durables |
 WEGE3 | WEG SA | 0.2% | R$6.7M | New | ▼ 4.4% | Producer Manufacturing |
 PETR4 | Petroleo Brasileiro SA | 0.1% | R$5.9M | New | ▲ 19.6% | Energy Minerals |
 ABEV3 | Ambev SA | 0.1% | R$4.9M | AddedR$4.7M | ▲ 10.5% | Consumer Non-Durables |
 MGLU3 | Magazine Luiza S.A. | 0.1% | R$4.9M | AddedR$4.9M | ▲ 54.8% | Retail Trade |
 BBAS3 | Banco do Brasil S.A. | 0.1% | R$3.9M | Trimmed−R$13.3M | ▲ 5.2% | Finance |
 TOTS3 | TOTVS S.A. | 0.1% | R$3.1M | New | ▲ 20.4% | Technology Services |
 FIEI3 | Fica Empreendimentos Imobiliarios SA | 0.1% | R$2.8M | Held | – | Finance |
 RADL3 | Raia Drogasil S.A. | 0.0% | R$1.1M | Trimmed−R$4.7M | ▼ 8.2% | Retail Trade |
 BBDC4 | Banco Bradesco SA | 0.0% | R$4.5K | Trimmed−R$9.0K | ▲ 7.9% | Finance |
 ENGI4 | Energisa SA | 0.0% | R$148.2 | Held | ▲ 37.0% | Utilities |
Exited this month
Funds
Quota return, after fees
| Fund | Class | AUM | YTD | 12 months | Latest portfolio |
|---|---|---|---|---|---|
| SQUADRA MASTER LONG-BIASED | Ações Livre | R$4.0B | ▲ 19.7% | ▲ 13.6% | Mar/26 |
| SQUADRA MASTER LONG-ONLY | Ações Livre | R$1.9B | ▲ 18.2% | ▲ 12.9% | Mar/26 |
| SQUADRA VE I | Ações Livre | R$322.5M | ▲ 22.9% | ▲ 25.4% | Jun/26 |
| SQUADRA MASTER IVP | Previdência Ações Ativo | R$190.2M | ▲ 17.4% | ▲ 11.8% | Mar/26 |
| SQUADRA INST | Ações Livre | R$177.2M | ▲ 16.2% | ▲ 10.4% | Mar/26 |
| FPRV SQA SANHAÇO PREVIDENCIÁRIO | Ações Índice Ativo | R$137.6M | ▲ 16.2% | ▲ 10.8% | Mar/26 |
| SQUADRA PREV MASTER LO | Previdência Ações Ativo | R$49.5M | ▲ 20.0% | ▲ 14.8% | Mar/26 |
Past performance is no guarantee of future results.