Ujay Capital
UJAY CAPITAL INVESTIMENTOS LTDA
Portfolio as of September 2026compared with August 2026
In stocks
R$869.8M
Stocks
127
Top 10: 87%
Funds
4
YTD
▲ 21.5%
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$88.3M
- Sells
- −R$42.6M
- New positions
- 36
- Exited
- 12
Sectors
- Utilities58.6%
- Finance15.3%
- Energy Minerals12.4%
- Other5.2%
- Retail Trade2.2%
- Non-Energy Minerals2.0%
Portfolio
All of the manager's funds combined · since then: today's price vs. Sep/26
| Stock | Company | % of stock portfolio | Value | Month | Since then | Sector |
|---|---|---|---|---|---|---|
 AXIA7 | AXIA Energia SA | 28.6% | R$249.0M | Trimmed−R$35.6M | ▲ 7.6% | Utilities |
 PETR4 | Petroleo Brasileiro SA | 12.3% | R$107.3M | Held | ▲ 18.5% | Energy Minerals |
 BBAS3 | Banco do Brasil S.A. | 12.1% | R$105.7M | Held | ▲ 4.9% | Finance |
 ISAE4 | Isa Energia Brasil SA | 9.4% | R$81.8M | Held | ▲ 5.5% | Utilities |
 SBSP3 | Companhia de Saneamento Basico do Estado de Sao Paulo SABESP | 7.7% | R$67.3M | Held | ▲ 18.6% | Utilities |
 AXIA17 | – | 5.1% | R$44.2M | New | – | Other |
 AXIA3 | AXIA Energia SA | 4.2% | R$36.8M | AddedR$36.8M | ▲ 7.0% | Utilities |
 CSMG3 | Companhia de Saneamento de Minas Gerais | 2.8% | R$24.8M | Held | ▲ 12.9% | Utilities |
 CPLE3 | Companhia Paranaense de Energia | 2.8% | R$24.5M | Held | ▲ 10.3% | Utilities |
 BBSE3 | BB Seguridade Participacoes SA | 1.9% | R$16.4M | Held | ▲ 8.0% | Finance |
 CMIG4 | Companhia Energetica de Minas Gerais SA | 1.7% | R$14.6M | Held | ▲ 6.0% | Utilities |
 JBSS32 | JBS N.V. | 1.7% | R$14.4M | Held | ▲ 11.2% | BDR |
 VALE3 | Vale S.A. | 1.6% | R$14.0M | Held | ▼ 6.4% | Non-Energy Minerals |
 VIVT3 | Telefonica Brasil S.A. | 1.5% | R$13.4M | Held | ▲ 8.0% | Communications |
 VBBR3 | Vibra Energia SA | 1.2% | R$10.2M | Held | ▼ 1.3% | Retail Trade |
 ITUB4 | Itau Unibanco Holding SA | 0.8% | R$7.0M | Trimmed−R$318.8K | ▲ 10.2% | Finance |
 UGPA3 | Ultrapar Participacoes S.A. | 0.8% | R$6.7M | Held | ▲ 5.6% | Retail Trade |
 EMBJ3 | Embraer S.A. | 0.6% | R$4.9M | Trimmed−R$116.8K | ▼ 6.7% | Electronic Technology |
 LIGT3 | Light S.A. | 0.5% | R$4.3M | Held | ▲ 1.6% | Utilities |
 EGIE3 | ENGIE Brasil Energia S.A. | 0.4% | R$3.3M | Held | ▲ 6.0% | Utilities |
 USIM5 | Usinas Siderurgicas de Minas Gerais SA-Usiminas | 0.3% | R$2.4M | Trimmed−R$167.5K | ▼ 3.3% | Non-Energy Minerals |
 MOVI3 | Movida Participacoes SA | 0.2% | R$1.7M | AddedR$1.4M | ▲ 99.6% | Finance |
 BEEF3 | Minerva S.A. | 0.2% | R$1.5M | AddedR$1.2M | ▲ 9.9% | Distribution Services |
 MBRF3 | MBRF Global Foods Company S.A. | 0.2% | R$1.4M | Held | ▲ 10.5% | Consumer Non-Durables |
 ORVR3 | Orizon Valorizacao de Residuos SA | 0.1% | R$1.0M | Held | ▲ 18.3% | Utilities |
 AURE3 | Auren Energia SA | 0.1% | R$746.1K | AddedR$141.9K | ▲ 16.7% | Utilities |
 MSPA4 | – | 0.1% | R$744.7K | Held | – | Other |
 CSAN3 | Cosan S.A. | 0.1% | R$730.2K | AddedR$328.7K | ▲ 33.1% | Utilities |
 SANB4 | Banco Santander (Brasil) SA | 0.1% | R$625.0K | Held | ▼ 0.5% | Finance |
 MGLU3 | Magazine Luiza S.A. | 0.1% | R$569.2K | AddedR$173.8K | ▲ 82.0% | Retail Trade |
 AZZA3 | Azzas 2154 SA | 0.1% | R$545.7K | AddedR$345.9K | ▲ 56.3% | Consumer Non-Durables |
 GMAT3 | Grupo Mateus SA | 0.1% | R$508.0K | AddedR$137.2K | ▲ 11.0% | Retail Trade |
 BBDC4 | Banco Bradesco SA | 0.0% | R$397.2K | Trimmed−R$741.1K | ▲ 11.7% | Finance |
 XPBR31 | XP Inc. | 0.0% | R$348.8K | Held | ▲ 46.2% | BDR |
 GEPA3 | Rio Paranapanema Energia SA | 0.0% | R$335.3K | Held | ▲ 6.6% | Utilities |
 VULC3 | Vulcabras SA | 0.0% | R$323.4K | AddedR$228.0K | ▲ 19.0% | Consumer Non-Durables |
 SBFG3 | Grupo SBF S.A. | 0.0% | R$299.8K | New | ▲ 44.7% | Retail Trade |
 ALOS3 | Allos S.A. | 0.0% | R$294.9K | Held | ▲ 21.1% | Finance |
 TTEN3 | Tres Tentos Agroindustrial SA | 0.0% | R$258.1K | New | ▲ 36.6% | Commercial Services |
 LREN3 | Lojas Renner S.A. | 0.0% | R$199.5K | AddedR$182.1K | ▲ 28.7% | Retail Trade |
 PRIO3 | Prio SA | 0.0% | R$182.7K | Trimmed−R$201.0K | ▲ 17.0% | Energy Minerals |
 IMBI4 | – | 0.0% | R$177.1K | Held | – | Other |
 MRVE3 | MRV Engenharia e Participacoes S.A. | 0.0% | R$176.1K | AddedR$159.7K | ▲ 52.7% | Consumer Durables |
 ENEV3 | Eneva S.A. | 0.0% | R$175.6K | AddedR$8.4K | ▲ 14.8% | Utilities |
 PCAR3 | Companhia Brasileira de Distribuicao | 0.0% | R$167.5K | New | ▼ 6.9% | Retail Trade |
 KLBN4 | Klabin SA | 0.0% | R$162.4K | AddedR$162.0K | ▲ 2.5% | Non-Energy Minerals |
 BBDC3 | Banco Bradesco SA | 0.0% | R$162.2K | New | ▲ 12.4% | Finance |
 FESA4 | Cia de Ferro Ligas da Bahia-Ferbasa | 0.0% | R$161.4K | AddedR$160.4K | ▲ 25.4% | Non-Energy Minerals |
 CMIN3 | CSN Mineracao SA | 0.0% | R$152.3K | New | ▼ 0.2% | Non-Energy Minerals |
 ANIM3 | Anima Holding SA | 0.0% | R$149.5K | New | ▲ 71.9% | Consumer Services |
 CSNA3 | Companhia Siderurgica Nacional | 0.0% | R$144.8K | AddedR$91.7K | ▲ 4.2% | Non-Energy Minerals |
 VVEO3 | CM Hospitalar SA | 0.0% | R$143.0K | AddedR$135.1K | ▲ 29.1% | Distribution Services |
 COGN3 | Cogna Educacao S.A. | 0.0% | R$142.7K | AddedR$95.1K | ▲ 40.1% | Commercial Services |
 LJQQ3 | Lojas Quero-Quero SA | 0.0% | R$110.2K | New | ▲ 106.0% | Retail Trade |
 RADL3 | Raia Drogasil S.A. | 0.0% | R$110.2K | New | ▲ 17.6% | Retail Trade |
 RECV3 | Petroreconcavo SA | 0.0% | R$106.7K | AddedR$105.6K | ▲ 19.4% | Energy Minerals |
 SUZB3 | Suzano S.A. | 0.0% | R$106.1K | Held | ▼ 4.1% | Process Industries |
 VAMO3 | Vamos Locacao de Caminhoes, Maquinas e Equipamentos SA | 0.0% | R$88.2K | Trimmed−R$470.9K | ▲ 54.4% | Finance |
 RIAA3 | RIACHUELO | 0.0% | R$86.0K | New | ▲ 56.2% | Distribution Services |
 EZTC3 | EZ TEC Empreendimentos e Participacoes SA | 0.0% | R$75.7K | Trimmed−R$1.6M | ▲ 35.6% | Finance |
Funds
Quota return, after fees
| Fund | Class | AUM | YTD | 12 months | Latest portfolio |
|---|---|---|---|---|---|
| ECLIPSEON | Ações Invest. no Exterior | R$977.0M | ▲ 22.5% | ▲ 34.4% | Sep/26 |
| UJAY HEDGE | Multimercados Livre | R$84.8M | ▲ 19.0% | ▲ 23.8% | Sep/26 |
| UJAY CASH | Multimercados Livre | R$71.1M | ▲ 11.3% | ▲ 15.3% | Sep/26 |
| UJAY LONG BIASED | Ações Índice Ativo | R$62.2M | ▲ 21.0% | ▲ 30.7% | Mar/26 |
Past performance is no guarantee of future results.