Vista Capital
VISTA CAPITAL GESTORA DE RECURSOS LTDA
Portfolio as of April 2026compared with January 2026
In stocks
R$654.9M
Stocks
20
Top 10: 88%
Funds
3
YTD
▼ 18.3%
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$174.9M
- Sells
- −R$254.8M
- New positions
- 7
- Exited
- 4
Sectors
- Finance38.0%
- Utilities37.5%
- Transportation8.5%
- Consumer Services6.8%
- Electronic Technology4.5%
- Commercial Services3.7%
Portfolio
All of the manager's funds combined · since then: today's price vs. Apr/26
| Stock | Company | % of stock portfolio | Value | Month | Since then | Sector |
|---|---|---|---|---|---|---|
 ALOS3 | Allos S.A. | 17.0% | R$111.5M | Trimmed−R$30.7M | ▲ 16.5% | Finance |
 ORVR3 | Orizon Valorizacao de Residuos SA | 15.3% | R$100.5M | AddedR$7.3M | ▲ 0.9% | Utilities |
 MULT3 | Multiplan Empreendimentos Imobiliarios SA | 14.1% | R$92.0M | Trimmed−R$18.6M | ▲ 19.7% | Finance |
 CSAN3 | Cosan S.A. | 9.7% | R$63.3M | AddedR$8.7M | ▲ 4.6% | Utilities |
 SMFT3 | Smartfit Escola de Ginastica e Danca SA | 6.8% | R$44.6M | AddedR$8.7M | ▲ 48.5% | Consumer Services |
 RAIL3 | Rumo SA | 6.8% | R$44.3M | AddedR$19.3M | ▲ 22.7% | Transportation |
 SBSP3 | Companhia de Saneamento Basico do Estado de Sao Paulo SABESP | 6.2% | R$40.9M | New | ▼ 1.8% | Utilities |
 EMBJ3 | Embraer S.A. | 4.5% | R$29.5M | New | ▲ 17.9% | Electronic Technology |
 AXIA3 | AXIA Energia SA | 4.3% | R$28.0M | AddedR$27.4M | ▼ 4.5% | Utilities |
 GGPS3 | GPS Participacoes e Empreendimentos SA | 3.7% | R$23.9M | AddedR$576.1K | ▲ 8.4% | Commercial Services |
 B3SA3 | B3 SA - Brasil, Bolsa, Balcao | 2.9% | R$19.3M | Trimmed−R$16.0M | ▲ 31.5% | Finance |
 ARML3 | Armac Locacao Logistica e Servicos SA | 2.1% | R$13.9M | Held | ▲ 46.5% | Finance |
 JHSF3 | JHSF Participacoes S.A. | 1.9% | R$12.1M | New | ▲ 13.1% | Finance |
 ENEV3 | Eneva S.A. | 1.8% | R$11.8M | New | ▲ 18.2% | Utilities |
 ECOR3 | EcoRodovias Infraestrutura e Logistica S.A. | 1.2% | R$7.6M | New | ▲ 56.4% | Transportation |
 HAPV3 | Hapvida Participacoes e Investimentos SA | 1.1% | R$7.2M | Trimmed−R$3.4M | ▼ 22.9% | Health Services |
 SIMH3 | Simpar SA | 0.6% | R$3.6M | AddedR$87.1K | ▲ 51.5% | Transportation |
 AXIA7 | AXIA Energia SA | 0.1% | R$856.7K | New | ▼ 0.8% | Utilities |
 AXIA6 | – | 0.0% | R$21.6K | New | – | Other |
 ITUB4 | Itau Unibanco Holding SA | 0.0% | R$259.14 | Trimmed−R$24.3M | ▲ 13.0% | Finance |
Exited this month
Funds
Quota return, after fees
| Fund | Class | AUM | YTD | 12 months | Latest portfolio |
|---|---|---|---|---|---|
| VISTA MULTIESTRATEGIA MASTER | Multimercados Livre | R$278.8M | ▼ 24.4% | ▼ 25.2% | Jun/26 |
| VISTA HEDGE MASTER | Multimercados Livre | R$129.1M | ▼ 7.0% | ▼ 5.6% | Jun/26 |
| VISTA MACRO ABSOLUTO MASTER | Multimercados Invest. no Exterior | R$110.3M | ▼ 16.0% | ▼ 15.6% | Jun/26 |
Past performance is no guarantee of future results.