Baleias

XP Allocation

XP ALLOCATION ASSET MANAGEMENT LTDA

Portfolio as of March 2026compared with February 2026
In stocks
R$299.4M
Stocks
148
Top 10: 42%
Funds
6
YTD
▲ 27.0%
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$74.4M
Sells
−R$23.6M
New positions
8
Exited
2
Sectors
  • BDRs24.0%
  • Finance21.4%
  • Utilities11.8%
  • Energy Minerals9.6%
  • Non-Energy Minerals8.6%
  • Retail Trade4.6%

Portfolio

All of the manager's funds combined · since then: today's price vs. Mar/26
StockCompany% of stock portfolioValueMonthSince thenSector
XPBR31XP Inc.10.6%R$31.7MTrimmed−R$6.0M▲ 62.5%BDR
VALE3Vale S.A.6.5%R$19.6MAddedR$7.9M▼ 20.7%Non-Energy Minerals
PETR4Petroleo Brasileiro SA4.7%R$14.0MAddedR$5.6M▲ 19.6%Energy Minerals
ITUB4Itau Unibanco Holding SA4.6%R$13.8MAddedR$3.9M▲ 12.2%Finance
PETR3Petroleo Brasileiro SA3.5%R$10.6MAddedR$3.2M▲ 20.3%Energy Minerals
BSLV39iShares Silver Trust3.0%R$9.0MAddedR$470.7K▼ 26.1%BDR
AXIA3AXIA Energia SA2.5%R$7.6MAddedR$2.9M▲ 1.2%Utilities
BBDC4Banco Bradesco SA2.2%R$6.6MAddedR$519.2K▲ 7.9%Finance
SBSP3Companhia de Saneamento Basico do Estado de Sao Paulo SABESP2.2%R$6.6MAddedR$2.5M▲ 2.8%Utilities
B3SA3B3 SA - Brasil, Bolsa, Balcao2.1%R$6.4MAddedR$3.6M▲ 28.9%Finance
ITSA4Itausa SA1.9%R$5.6MHeld▲ 13.0%Finance
BBAS3Banco do Brasil S.A.1.8%R$5.4MAddedR$2.1M▲ 5.2%Finance
WEGE3WEG SA1.7%R$5.1MAddedR$1.8M▼ 4.4%Producer Manufacturing
ABEV3Ambev SA1.5%R$4.3MAddedR$888.4K▲ 10.5%Consumer Non-Durables
EMBJ3Embraer S.A.1.2%R$3.7MAddedR$115.3K▲ 18.0%Electronic Technology
GOGL34Alphabet Inc1.2%R$3.7MTrimmed−R$288.7K▲ 15.0%BDR
EQTL3Equatorial S.A.1.1%R$3.4MAddedR$1.5M▲ 21.6%Utilities
PRIO3Prio SA1.1%R$3.4MAddedR$1.2M▲ 7.6%Energy Minerals
ENEV3Eneva S.A.1.0%R$3.1MAddedR$1.2M▲ 30.4%Utilities
CMIG4Companhia Energetica de Minas Gerais SA1.0%R$3.1MTrimmed−R$849.5K▼ 6.2%Utilities
RENT3Localiza Rent A Car SA1.0%R$2.9MAddedR$1.3M▲ 12.5%Finance
AMZO34Amazon.com, Inc.1.0%R$2.9MTrimmed−R$502.1K▲ 22.1%BDR
RDOR3Rede D'Or Sao Luiz SA0.9%R$2.8MAddedR$1.0M▲ 13.1%Health Services
AVGO34Broadcom Inc.0.9%R$2.8MTrimmed−R$295.3K▲ 4.9%BDR
NVDC34NVIDIA Corporation0.9%R$2.7MTrimmed−R$227.4K▲ 20.3%BDR
VBBR3Vibra Energia SA0.8%R$2.5MAddedR$377.4K▲ 16.0%Retail Trade
BMGB4Banco Bmg SA BMG0.8%R$2.5MTrimmed−R$353.9K▲ 43.6%Finance
BRSR6Banco do Estado do Rio Grande do Sul SA0.8%R$2.4MTrimmed−R$493.1K▲ 5.4%Finance
MBRF3MBRF Global Foods Company S.A.0.8%R$2.4MAddedR$1.0M▼ 14.3%Consumer Non-Durables
MSFT34Microsoft Corp0.8%R$2.4MTrimmed−R$200.8K▲ 38.3%BDR
AXIA7AXIA Energia SA0.7%R$2.2MAddedR$166.2K▲ 5.0%Utilities
SUZB3Suzano S.A.0.7%R$2.1MAddedR$1.1M▼ 18.3%Process Industries
RADL3Raia Drogasil S.A.0.7%R$2.1MAddedR$532.2K▼ 8.2%Retail Trade
UGPA3Ultrapar Participacoes S.A.0.7%R$2.1MAddedR$624.1K▲ 38.5%Retail Trade
VIVT3Telefonica Brasil S.A.0.7%R$2.0MAddedR$466.7K▼ 21.9%Communications
FIQE3Unifique Telecomunicacoes SA0.7%R$2.0MNew▼ 10.8%Communications
MOTV3Motiva Infraestrutura de Mobilidade SA0.7%R$2.0MAddedR$424.0K▲ 29.0%Transportation
INTB3Intelbras SA Industria de Telecomunicacao Eletronica Brasileir0.6%R$1.9MAddedR$209.1K▲ 35.0%Technology Services
JSLG3JSL S.A.0.6%R$1.9MNew▲ 55.5%Transportation
ECOR3EcoRodovias Infraestrutura e Logistica S.A.0.6%R$1.9MTrimmed−R$1.6M▲ 63.1%Transportation
A1MD34Advanced Micro Devices, Inc.0.6%R$1.9MTrimmed−R$317.2K▲ 156.8%BDR
ASAI3Sendas Distribuidora SA0.6%R$1.8MAddedR$341.3K▲ 47.5%Retail Trade
NEOE3–0.6%R$1.8MHeld–Other
CYRE3Cyrela Brazil Realty SA Empreendimentos e Participacoes0.6%R$1.8MAddedR$1.5M▲ 26.0%Finance
CPLE3Companhia Paranaense de Energia0.6%R$1.8MAddedR$97.2K▲ 14.4%Utilities
GOAU4Metalurgica Gerdau SA0.6%R$1.7MTrimmed−R$255.8K▲ 39.7%Non-Energy Minerals
TSMC34Taiwan Semiconductor Manufacturing Co., Ltd. ADR0.6%R$1.7MHeld▲ 22.4%BDR
BBDC3Banco Bradesco SA0.5%R$1.6MTrimmed−R$39.5K▲ 9.1%Finance
GGBR4Gerdau S.A.0.5%R$1.6MAddedR$428.8K▲ 38.2%Non-Energy Minerals
MUTC34Micron Technology Inc0.5%R$1.6MAddedR$95.0K▲ 158.1%BDR
BRAP4Bradespar SA0.5%R$1.6MTrimmed−R$245.3K▼ 13.1%Finance
TEND3Construtora Tenda SA0.5%R$1.5MTrimmed−R$1.5M▼ 8.3%Finance
ISAE4Isa Energia Brasil SA0.5%R$1.5MAddedR$86.2K▲ 0.0%Utilities
HAPV3Hapvida Participacoes e Investimentos SA0.5%R$1.5MAddedR$824.3K▼ 5.4%Health Services
COGN3Cogna Educacao S.A.0.5%R$1.5MAddedR$564.2K▲ 2.8%Commercial Services
CAML3Camil Alimentos SA0.5%R$1.5MNew▲ 12.2%Process Industries
TIMS3TIM S.A.0.5%R$1.5MAddedR$414.6K▼ 30.7%Communications
MGLU3Magazine Luiza S.A.0.5%R$1.4MAddedR$143.9K▲ 54.8%Retail Trade
RAPT4Randoncorp S.A.0.5%R$1.4MTrimmed−R$344.5K▲ 47.2%Producer Manufacturing
BBSE3BB Seguridade Participacoes SA0.5%R$1.4MAddedR$608.9K▲ 21.5%Finance
Exited this month
MILS3R$989.0KFESA4R$1.0M

Funds

Quota return, after fees
FundClassAUMYTD12 monthsLatest portfolio
TREND IBOVESPA MÁSTER PREVPrevidência Ações AtivoR$129.6M▲ 28.0%▲ 41.3%Mar/26
TREND IBOVESPAAções LivreR$128.1M▲ 27.8%▲ 41.0%May/26
TREND PRATAMultimercados LivreR$106.8M▼ 16.2%▲ 24.1%Apr/26
TREND INTELIGENCIA ARTIFICIALAções LivreR$99.7M▲ 39.6%▲ 45.7%Jun/26
TREND VALOR BRASILAções LivreR$63.6M▲ 29.5%▲ 44.1%Mar/26
TREND XP INC MASTERAções Invest. no ExteriorR$51.2M▲ 84.5%▲ 67.2%Apr/26

Past performance is no guarantee of future results.

Monthly portfolios of open-ended equity and multi-strategy funds with at least R$ 50 million in assets, from CVM open data (CDA, daily report and registry; ODbL license). Funds can keep positions confidential for up to 180 days, so each portfolio shows the month it refers to. Delayed prices (brapi). Informational content, not investment advice.

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