Zenith

ZENITH ASSET MANAGEMENT LTDA

Portfolio as of March 2026compared with February 2026

In stocks

R$54.7M

Stocks

Top 10: 95%

Funds

YTD

▲ 21.7%

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$17.9M
Sells: −R$19.5M
New positions: 4
Exited: 5

Sectors

Finance41.6%
Consumer Non-Durables18.5%
Process Industries13.7%
Producer Manufacturing12.7%
Non-Energy Minerals8.4%
Consumer Durables3.3%

Portfolio

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

Stock	Company	% of stock portfolio	Value	Month	Since then	Sector
SUZB3	Suzano S.A.	13.7%	R$7.5M	New	▼ 18.3%	Process Industries
VULC3	Vulcabras SA	12.8%	R$7.0M	AddedR$805.9K	▼ 6.2%	Consumer Non-Durables
POMO4	Marcopolo SA	12.7%	R$7.0M	Held	▼ 20.2%	Producer Manufacturing
EVEN3	Even Construtora E Incorporadora S.A.	10.5%	R$5.7M	Held	▼ 20.2%	Finance
EZTC3	EZ TEC Empreendimentos e Participacoes SA	9.6%	R$5.2M	Held	▲ 35.9%	Finance
JHSF3	JHSF Participacoes S.A.	8.8%	R$4.8M	AddedR$185.4K	▲ 53.1%	Finance
FESA4	Cia de Ferro Ligas da Bahia-Ferbasa	8.4%	R$4.6M	AddedR$574.7K	▼ 18.9%	Non-Energy Minerals
ABCB4	Banco ABC Brasil SA Conv	6.5%	R$3.6M	New	▲ 17.5%	Finance
CYRE3	Cyrela Brazil Realty SA Empreendimentos e Participacoes	6.2%	R$3.4M	New	▲ 26.0%	Finance
AZZA3	Azzas 2154 SA	5.6%	R$3.1M	Trimmed−R$1.7M	▲ 5.7%	Consumer Non-Durables
TRIS3	Trisul S.A.	3.3%	R$1.8M	New	▲ 18.4%	Consumer Durables
VLID3	Valid Solucoes SA	1.8%	R$968.3K	Trimmed−R$552.2K	▲ 0.2%	Commercial Services