Studio

STUDIO INVESTIMENTOS ADMINISTRADORA DE RECURSOS LTDA.

Portfolio as of June 2026compared with March 2026

In stocks

R$68.0M

Stocks

Top 10: 59%

Funds

YTD

▲ 19.4%

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$12.8M
Sells: −R$6.5M
New positions: 9
Exited: 5

Sectors

Utilities34.6%
Finance27.3%
Health Services6.4%
Commercial Services5.3%
Consumer Services4.9%
Non-Energy Minerals4.7%

Portfolio

All of the manager's funds combined · since then: today's price vs. Jun/26

Stock	Company	% of stock portfolio	Value	Month	Since then	Sector
EQTL3	Equatorial S.A.	8.3%	R$5.6M	Trimmed−R$1.2M	▲ 27.3%	Utilities
RENT3	Localiza Rent A Car SA	8.1%	R$5.5M	Trimmed−R$135.3K	▲ 27.3%	Finance
RDOR3	Rede D'Or Sao Luiz SA	6.4%	R$4.3M	Trimmed−R$99.9K	▲ 27.0%	Health Services
ALOS3	Allos S.A.	5.9%	R$4.0M	Trimmed−R$91.4K	▲ 27.2%	Finance
GGPS3	GPS Participacoes e Empreendimentos SA	5.3%	R$3.6M	Held	▲ 41.0%	Commercial Services
CPLE3	Companhia Paranaense de Energia	5.0%	R$3.4M	Trimmed−R$741.9K	▲ 17.5%	Utilities
ITUB4	Itau Unibanco Holding SA	5.0%	R$3.4M	AddedR$749.0K	▲ 15.7%	Finance
AXIA3	AXIA Energia SA	4.9%	R$3.4M	Trimmed−R$458.7K	▲ 9.0%	Utilities
SMFT3	Smartfit Escola de Ginastica e Danca SA	4.9%	R$3.3M	Trimmed−R$912.7K	▲ 30.3%	Consumer Services
VALE3	Vale S.A.	4.7%	R$3.2M	Trimmed−R$76.4K	▼ 16.0%	Non-Energy Minerals
ENEV3	Eneva S.A.	4.6%	R$3.1M	Trimmed−R$76.6K	▲ 19.8%	Utilities
MULT3	Multiplan Empreendimentos Imobiliarios SA	4.4%	R$3.0M	Trimmed−R$71.2K	▲ 29.7%	Finance
PRIO3	Prio SA	3.6%	R$2.5M	AddedR$949.9K	▲ 36.6%	Energy Minerals
EMBJ3	Embraer S.A.	3.6%	R$2.4M	New	▲ 11.0%	Electronic Technology
SBSP3	Companhia de Saneamento Basico do Estado de Sao Paulo SABESP	3.5%	R$2.4M	AddedR$560.8K	▲ 9.8%	Utilities
VIVA3	Vivara Participacoes SA	3.3%	R$2.2M	AddedR$349.6K	▲ 20.8%	Consumer Durables
AURE3	Auren Energia SA	2.8%	R$1.9M	New	▲ 31.0%	Utilities
SUZB3	Suzano S.A.	2.8%	R$1.9M	Held	▲ 6.7%	Process Industries
EGIE3	ENGIE Brasil Energia S.A.	2.4%	R$1.6M	New	▼ 10.3%	Utilities
CURY3	Cury Construtora e Incorporadora SA	2.4%	R$1.6M	New	▼ 6.6%	Finance
CEAB3	C&A Modas SA	1.9%	R$1.3M	Trimmed−R$350.3K	▲ 32.7%	Retail Trade
AXIA7	AXIA Energia SA	1.6%	R$1.1M	AddedR$764.7K	▲ 12.2%	Utilities
ISAE4	Isa Energia Brasil SA	1.3%	R$892.3K	Trimmed−R$20.5K	▲ 3.5%	Utilities
ROXO34	Nu Holdings Ltd.	1.3%	R$865.9K	AddedR$775.9K	▲ 11.7%	BDR
DIRR3	Direcional Engenharia S.A.	1.2%	R$820.3K	New	▼ 18.0%	Finance
RENT4	Localiza Rent A Car SA	0.3%	R$208.5K	Held	▲ 28.5%	Finance
BMOB3	Bemobi Mobile Tech SA	0.1%	R$95.7K	New	▲ 42.1%	Technology Services
CSMG3	Companhia de Saneamento de Minas Gerais	0.1%	R$75.2K	New	▲ 6.0%	Utilities
FLRY3	Fleury SA	0.1%	R$44.2K	New	▲ 83.1%	Health Services
BBAS3	Banco do Brasil S.A.	0.1%	R$37.4K	New	▲ 21.5%	Finance
LREN3	Lojas Renner S.A.	0.0%	R$30.4K	Trimmed−R$11.9K	▲ 1.2%	Retail Trade