Távola Capital
TÁVOLA CAPITAL GESTÃO DE RECURSOS LTDA.
Portfolio as of October 2025compared with September 2025
In stocks
R$374.1M
Stocks
97
Top 10: 59%
Funds
3
YTD
▲ 31.6%
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$37.5M
- Sells
- −R$44.5M
- New positions
- 12
- Exited
- 25
Sectors
- Finance23.0%
- Utilities9.0%
- Retail Trade8.8%
- Energy Minerals7.7%
- Health Services7.4%
- BDRs5.9%
Portfolio
All of the manager's funds combined · since then: today's price vs. Oct/25
| Stock | Company | % of stock portfolio | Value | Month | Since then | Sector |
|---|---|---|---|---|---|---|
 ITSA4 | Itausa SA | 9.0% | R$33.8M | Held | ▲ 35.6% | Finance |
 HAPV3 | Hapvida Participacoes e Investimentos SA | 7.4% | R$27.6M | AddedR$5.6M | ▼ 69.5% | Health Services |
 ORVR3 | Orizon Valorizacao de Residuos SA | 7.3% | R$27.3M | Trimmed−R$826.8K | ▲ 48.2% | Utilities |
 XPBR31 | XP Inc. | 5.9% | R$22.2M | AddedR$1.8M | ▲ 63.4% | BDR |
 PRIO3 | Prio SA | 5.9% | R$21.9M | AddedR$767.4K | ▲ 97.8% | Energy Minerals |
 SUZB3 | Suzano S.A. | 5.5% | R$20.4M | Trimmed−R$1.4M | ▼ 13.3% | Process Industries |
 TEND3 | Construtora Tenda SA | 4.9% | R$18.4M | AddedR$2.9M | ▲ 21.3% | Finance |
 SMFT3 | Smartfit Escola de Ginastica e Danca SA | 4.7% | R$17.5M | AddedR$3.6M | ▲ 1.9% | Consumer Services |
 INTB3 | Intelbras SA Industria de Telecomunicacao Eletronica Brasileir | 4.6% | R$17.2M | AddedR$637.5K | ▲ 65.4% | Technology Services |
 GMAT3 | Grupo Mateus SA | 4.1% | R$15.5M | Trimmed−R$868.8K | ▼ 12.4% | Retail Trade |
 PGMN3 | Empreendimentos Pague Menos SA | 4.1% | R$15.2M | AddedR$5.8M | ▲ 46.2% | Retail Trade |
 RAIL3 | Rumo SA | 4.0% | R$15.1M | Trimmed−R$2.2M | ▲ 21.2% | Transportation |
 HBRE3 | HBR Realty Empreendimentos Imobiliarios SA | 3.7% | R$14.0M | Held | ▼ 27.4% | Finance |
 ALPA4 | Alpargatas SA | 2.7% | R$10.0M | Trimmed−R$800.9K | ▲ 69.6% | Consumer Non-Durables |
 RAPT4 | Randoncorp S.A. | 2.6% | R$9.8M | Trimmed−R$1.8M | ▲ 35.0% | Producer Manufacturing |
 MRVE3 | MRV Engenharia e Participacoes S.A. | 2.6% | R$9.6M | Trimmed−R$456.4K | ▲ 10.4% | Consumer Durables |
 ELET3 | – | 2.5% | R$9.4M | Trimmed−R$1.1M | – | Other |
 VALE3 | Vale S.A. | 1.9% | R$7.0M | AddedR$750.5K | ▲ 0.3% | Non-Energy Minerals |
 PETR4 | Petroleo Brasileiro SA | 1.8% | R$6.6M | AddedR$1.1M | ▲ 95.7% | Energy Minerals |
 BBDC4 | Banco Bradesco SA | 1.5% | R$5.7M | AddedR$419.5K | ▲ 13.9% | Finance |
 RENT3 | Localiza Rent A Car SA | 1.3% | R$4.9M | Trimmed−R$7.8M | ▲ 39.2% | Finance |
 POMO4 | Marcopolo SA | 1.3% | R$4.8M | AddedR$4.5M | ▼ 31.0% | Producer Manufacturing |
 AZZA3 | Azzas 2154 SA | 1.2% | R$4.7M | AddedR$341.6K | ▼ 5.4% | Consumer Non-Durables |
 COCE5 | Companhia Energetica do Ceara-COELCE | 0.8% | R$3.1M | Held | ▲ 30.6% | Utilities |
 VIVT3 | Telefonica Brasil S.A. | 0.7% | R$2.7M | AddedR$1.6M | ▲ 0.5% | Communications |
 NATU3 | Natura Cosmeticos SA | 0.6% | R$2.4M | AddedR$1.1M | ▼ 15.1% | Consumer Non-Durables |
 CSAN3 | Cosan S.A. | 0.4% | R$1.3M | New | ▼ 14.3% | Utilities |
 CURY3 | Cury Construtora e Incorporadora SA | 0.3% | R$1.0M | New | ▼ 6.3% | Finance |
 EZTC3 | EZ TEC Empreendimentos e Participacoes SA | 0.3% | R$940.5K | AddedR$452.6K | ▲ 30.3% | Finance |
 CASH3 | Meliuz SA | 0.2% | R$845.7K | AddedR$845.7K | ▲ 13.2% | Commercial Services |
 SYNE3 | Syn Prop e Tech SA | 0.2% | R$809.7K | AddedR$235.4K | ▼ 21.7% | Finance |
 CSMG3 | Companhia de Saneamento de Minas Gerais | 0.2% | R$793.6K | AddedR$582.0K | ▲ 68.2% | Utilities |
 COGN3 | Cogna Educacao S.A. | 0.2% | R$784.3K | Trimmed−R$211.3K | ▼ 4.4% | Commercial Services |
 YDUQ3 | YDUQS Participacoes SA | 0.2% | R$771.6K | Trimmed−R$71.1K | ▲ 1.9% | Commercial Services |
 DIRR3 | Direcional Engenharia S.A. | 0.2% | R$750.5K | Trimmed−R$130.7K | ▼ 32.7% | Finance |
 TIMS3 | TIM S.A. | 0.2% | R$748.1K | Trimmed−R$88.7K | ▼ 21.6% | Communications |
 SRNA3 | – | 0.2% | R$735.4K | Trimmed−R$5.3M | – | Other |
 SBSP3 | Companhia de Saneamento Basico do Estado de Sao Paulo SABESP | 0.2% | R$727.8K | Trimmed−R$118.6K | ▲ 27.3% | Utilities |
 ANIM3 | Anima Holding SA | 0.2% | R$725.4K | AddedR$327.9K | ▲ 45.6% | Consumer Services |
 JHSF3 | JHSF Participacoes S.A. | 0.2% | R$722.9K | Trimmed−R$197.7K | ▲ 115.3% | Finance |
 UNIP6 | Unipar Carbocloro SA | 0.2% | R$717.1K | Trimmed−R$134.9K | ▼ 12.7% | Process Industries |
 CYRE3 | Cyrela Brazil Realty SA Empreendimentos e Participacoes | 0.2% | R$716.0K | Trimmed−R$134.1K | ▲ 34.3% | Finance |
 BMOB3 | Bemobi Mobile Tech SA | 0.2% | R$710.5K | Trimmed−R$225.1K | ▲ 42.7% | Technology Services |
 LAVV3 | LAVVI Empreendimentos Imobiliarios SA | 0.2% | R$710.1K | Trimmed−R$171.9K | ▲ 4.5% | Finance |
 CEAB3 | C&A Modas SA | 0.2% | R$700.4K | Trimmed−R$30.9K | ▼ 12.2% | Retail Trade |
 MDNE3 | Moura Dubeux Engenharia SA | 0.2% | R$694.0K | Trimmed−R$143.8K | ▲ 10.8% | Finance |
 PCAR3 | Companhia Brasileira de Distribuicao | 0.2% | R$667.4K | Trimmed−R$140.6K | ▼ 17.0% | Retail Trade |
 MOVI3 | Movida Participacoes SA | 0.2% | R$645.4K | AddedR$208.8K | ▲ 143.7% | Finance |
 SEER3 | Grupo Ser Educacional SA | 0.2% | R$635.2K | Trimmed−R$208.7K | ▲ 75.8% | Consumer Services |
 PLPL3 | Plano & Plano Desenvolvimento Imobiliario Ltda | 0.2% | R$593.2K | AddedR$229.4K | ▼ 44.6% | Finance |
 TTEN3 | Tres Tentos Agroindustrial SA | 0.1% | R$425.9K | Held | ▼ 13.0% | Commercial Services |
 VULC3 | Vulcabras SA | 0.1% | R$413.5K | Trimmed−R$406.6K | ▼ 28.8% | Consumer Non-Durables |
 ENEV3 | Eneva S.A. | 0.1% | R$401.0K | Trimmed−R$308.5K | ▲ 74.8% | Utilities |
 MOTV3 | Motiva Infraestrutura de Mobilidade SA | 0.1% | R$395.4K | Trimmed−R$42.9K | ▲ 28.5% | Transportation |
 VIVA3 | Vivara Participacoes SA | 0.1% | R$383.8K | Trimmed−R$43.7K | ▼ 11.4% | Consumer Durables |
 CPLE6 | – | 0.1% | R$378.6K | Trimmed−R$66.8K | – | Other |
 GUAR3 | – | 0.1% | R$377.8K | Trimmed−R$34.4K | – | Other |
 EMBR3 | – | 0.1% | R$374.1K | Trimmed−R$513.2K | – | Other |
 TFCO4 | Track & Field Co SA | 0.1% | R$369.4K | New | ▼ 18.6% | Retail Trade |
 TGMA3 | Tegma Gestao Logistica S.A. | 0.1% | R$367.9K | Trimmed−R$14.6K | ▲ 38.4% | Transportation |
Exited this month
Funds
Quota return, after fees
| Fund | Class | AUM | YTD | 12 months | Latest portfolio |
|---|---|---|---|---|---|
| TÁVOLA EQUITY HEDGE 15 | Multimercados L/S - Direcional | R$163.1M | ▲ 19.1% | ▲ 17.9% | Jun/26 |
| TAVOLA ABSOLUTO MASTER | Multimercados Livre | R$101.9M | ▲ 42.1% | ▲ 42.0% | Jun/26 |
| TÁVOLA ABSOLUTO MASTER | Ações Livre | R$100.2M | ▲ 41.4% | ▲ 41.1% | Mar/26 |
Past performance is no guarantee of future results.