Desempenho vs S&P 500

03
Monitorado Q1 2025–Q3 2025 +17.2%
Retorno total do S&P 500 (mesma janela) +21.3%
Retorno excedente -4.0%

Aproxima um portfólio de compra e manutenção construído a partir de instantâneos trimestrais da SEC 13F. Exclui caixa, posições vendidas, opções/derivativos e títulos não 13(f) — reflete apenas o livro de ações longas divulgado, não o AUM total do fundo. O atraso na declaração da SEC é de até 45 dias; esta não é uma cópia em tempo real para fins de timing.

Cobertura precificável: 99,0% · Opções excluídas: 0,0%

Distribuição setorial

04
Financials 26,5%
Technology 22,2%
Industrials 17,6%
Healthcare 7,4%
Energy 5,8%
Communication Services 4,0%
Materials 3,8%
Consumer Discretionary 3,7%
Retail 3,5%
Consumer Staples 2,2%
Real Estate 1,8%
Consumer products 0,8%
Utilities 0,5%
Outros/Não mapeado 0,3%

Portfólio completo 192 posições

05
Tipo Sequência Tendência de 8T
BN Brookfield Corporation Class A Limited Voting Shares $1.016.131.581 5,58% 14.806.245 $58.348.398 Baixa ×3
TD Toronto Dominion Bank (The) Common Stock $938.032.962 5,16% 11.728.785 $57.437.315 Baixa ×2
CNI Canadian National Railway Company Common Stock $836.755.589 4,60% 8.871.249 $-124.261.339 Baixa ×1
OTEX Open Text Corporation - Common Shares $790.736.244 4,35% 21.150.154 $177.401.473 Alta ×3
BMO Bank Of Montreal Common Stock $760.360.119 4,18% 5.833.830 $52.517.677 Baixa ×3
SHOP Shopify Inc. - Class A Subordinate Voting Shares $722.394.554 3,97% 4.861.383 $137.317.725 Baixa ×1
MSFT Microsoft Corporation - Common Stock $661.815.792 3,64% 1.277.760 $-33.341.543 Baixa ×2
CAE CAE Inc. Ordinary Shares $620.290.230 3,41% 20.943.262 $-15.834.397 Baixa ×3
TRP TC Energy Corporation Common Stock $584.705.108 3,21% 10.751.401 $36.867.013 Baixa ×3
FNV Franco-Nevada Corporation $548.278.944 3,01% 2.462.713 $89.995.530 Baixa ×3
TRI Thomson Reuters Corp - Common Shares $448.337.187 2,46% 2.886.701 $-155.893.586 Baixa ×3
STN Stantec Inc Common Stock $440.337.631 2,42% 4.082.124 $-98.706.655 Baixa ×2
AMZN Amazon.com, Inc. - Common Stock $435.100.351 2,39% 1.981.602 $-6.198.465 Baixa ×1
GIL Gildan Activewear, Inc. Class A Sub. Vot. Common Stock $395.710.794 2,17% 6.848.156 $31.210.971 Baixa ×1
GIB CGI Inc. Common Stock $359.373.310 1,98% 4.033.813 $-82.731.089 Baixa ×3
PBA Pembina Pipeline Corp. Ordinary Shares (Canada) $356.467.861 1,96% 8.814.455 $339.911.297 Alta ×1
ORCL Oracle Corporation Common Stock $343.334.135 1,89% 1.220.787 $31.344.097 Baixa ×1
CIGI Colliers International Group Inc. - Subordinate Voting Shares $330.977.857 1,82% 2.115.789 $252.035 Baixa ×1
MA Mastercard Incorporated Common Stock $311.521.310 1,71% 547.672 $-4.709.863 Baixa ×3
ABT Abbott Laboratories Common Stock $289.054.440 1,59% 2.158.089 $-9.600.262 Baixa ×1
TFII TFI International Inc. Common Shares $281.846.954 1,55% 3.201.844 $-14.147.911 Baixa ×1
JPM JP Morgan Chase & Co. Common Stock $277.049.739 1,52% 878.324 $8.569.887 Baixa ×3
GOOG Alphabet Inc. - Class C Capital Stock $262.750.751 1,44% 1.078.837 $59.781.468 Baixa ×3
GOOGL Alphabet Inc. - Class A Common Stock $262.479.202 1,44% 1.079.717 $48.274.810 Baixa ×1
IBKR Interactive Brokers Group, Inc. - Class A Common Stock $256.290.276 1,41% 3.724.608 $22.642.874 Baixa ×1
RY Royal Bank Of Canada Common Stock $242.620.316 1,33% 1.645.780 $-18.239.833 Baixa ×3
DSGX The Descartes Systems Group Inc. - Common Stock $233.859.687 1,29% 2.483.153 $-30.213.955 Baixa ×3
UNH UnitedHealth Group Incorporated Common Stock (DE) $229.505.371 1,26% 664.655 $20.643.328 Baixa ×1
BSX Boston Scientific Corporation Common Stock $214.082.478 1,18% 2.192.794 $-29.627.911 Baixa ×3
QSR Restaurant Brands International Inc. Common Shares $209.386.324 1,15% 3.263.219 $-16.444.572 Baixa ×3
TSM Taiwan Semiconductor Manufacturing Company Ltd. $206.565.956 1,14% 739.611 $38.802.775 Baixa ×1
RBA RB Global, Inc. Common Stock $195.640.130 1,08% 1.805.849 Alta ×1
FISV Fiserv, Inc. - Common Stock $194.481.235 1,07% 1.508.425 $-43.946.622 Alta ×2
PEP PepsiCo, Inc. - Common Stock $182.854.705 1,00% 1.302.013 $11.185.804 Alta ×2
BDX Becton, Dickinson and Company Common Stock $175.028.282 0,96% 935.130 $12.802.716 Baixa ×1
META Meta Platforms, Inc. - Class A Common Stock $173.009.646 0,95% 235.586 $45.359.933 Alta ×1
IQV IQVIA Holdings, Inc. Common Stock $149.227.880 0,82% 785.658 $24.255.386 Baixa ×1
CPRT Copart, Inc. - Common Stock $139.963.503 0,77% 3.112.375 $-16.801.112 Baixa ×3
AVGO Broadcom Inc. - Common Stock $138.852.850 0,76% 420.881 $21.863.131 Baixa ×2
ACN Accenture plc Class A Ordinary Shares (Ireland) $132.126.800 0,73% 535.794 $-33.167.440 Baixa ×1
TJX TJX Companies, Inc. (The) Common Stock $128.486.086 0,71% 888.931 $18.073.184 Baixa ×1
SHW Sherwin-Williams Company (The) Common Stock $119.991.555 0,66% 346.536 $-2.363.064 Baixa ×1
AME AMETEK, Inc. $115.563.976 0,64% 614.702 $2.570.019 Baixa ×1
HDB HDFC Bank Limited Common Stock $113.314.493 0,62% 3.317.169 $-25.875.905 Alta ×3
BRK-B (registrado como BRKB) Berkshire Hathaway Inc. Class B $111.403.664 0,61% 221.593 $777.319 Baixa ×3
DHR Danaher Corporation Common Stock $109.881.639 0,60% 554.230 $-1.939.038 Baixa ×1
CDNS Cadence Design Systems, Inc. - Common Stock $106.584.929 0,59% 303.436 $12.258.057 Baixa ×1
MFC Manulife Financial Corporation Common Stock $102.010.705 0,56% 3.273.476 $-5.873.629 Baixa ×3
GWRE Guidewire Software, Inc. Common Stock $101.131.963 0,56% 439.972 $-3.697.911 Baixa ×3
MDLZ Mondelez International, Inc. - Class A Common Stock $96.975.741 0,53% 1.552.357 $877.451 Alta ×3
INTU Intuit Inc. - Common Stock $90.487.623 0,50% 132.503 Alta ×1
PEG Public Service Enterprise Group Incorporated Common Stock $85.571.955 0,47% 1.025.305 $43.898.057 Alta ×1
OZK Bank OZK - Common Stock $84.538.655 0,46% 1.658.271 $-272.829 Baixa ×1
ENB Enbridge Inc Common Stock $84.334.654 0,46% 1.671.318 $6.455.003 Baixa ×3
JNJ Johnson & Johnson Common Stock $83.532.822 0,46% 450.506 $11.305.596 Baixa ×3
BNS Bank Nova Scotia Halifax Pfd 3 Ordinary Shares $80.350.478 0,44% 1.242.357 $5.112.884 Baixa ×3
CB Chubb Limited Common Stock $78.651.220 0,43% 278.658 $-4.462.494 Baixa ×3
MNST Monster Beverage Corporation - Common Stock $72.329.508 0,40% 1.074.573 $4.069.448 Baixa ×1
PG Procter & Gamble Company (The) Common Stock $62.133.601 0,34% 404.384 $-5.087.012 Baixa ×3
ASML ASML Holding N.V. - New York Registry Shares $60.721.509 0,33% 62.723 $10.599.373 Alta ×3
RELX RELX PLC PLC American Depositary Shares (Each representing One Ordinary Share) $53.945.349 0,30% 1.129.509 $-8.500.929 Baixa ×3
AFG American Financial Group, Inc. Common Stock $53.884.924 0,30% 369.784 $6.762.402 Baixa ×1
CME CME Group Inc. - Class A Common Stock $47.324.048 0,26% 175.151 $-2.014.412 Baixa ×3
SAP SAP SE ADS $44.114.500 0,24% 165.093 $147.418 Alta ×2
COST Costco Wholesale Corporation - Common Stock $40.580.544 0,22% 43.841 $-5.568.478 Baixa ×3
UL (registrado como ULXXXX) Unilever PLC American Depositary Shares (each representing One Ordinary Share) $40.121.415 0,22% 676.812 $-25.801 Alta ×1
CL Colgate-Palmolive Company Common Stock $33.450.093 0,18% 418.440 $-7.282.378 Baixa ×3
DEO Diageo plc Common Stock $32.426.923 0,18% 339.798 $-28.420.941 Baixa ×3
AX Axos Financial, Inc. Common Stock $32.351.790 0,18% 382.183 $2.950.164 Baixa ×1
CACC Credit Acceptance Corporation - Common Stock $32.318.093 0,18% 69.214 $-3.586.023 Baixa ×1
SPY SPY $27.499.244 0,15% 41.279 $-3.886.300 Baixa ×1
SFBS ServisFirst Bancshares, Inc. Common Stock $24.409.850 0,13% 303.115 $677.684 Baixa ×1
PGR Progressive Corporation (The) Common Stock $22.537.150 0,12% 91.262 $-2.057.201 Baixa ×1
LCII LCI Industries $22.072.451 0,12% 236.956 $255.882 Baixa ×1
VRSK Verisk Analytics, Inc. - Common Stock $21.798.120 0,12% 86.669 $-8.740.717 Baixa ×3
ABBV AbbVie Inc. Common Stock $20.577.654 0,11% 88.873 $4.097.754 Alta ×1
ADSK Autodesk, Inc. - Common Stock $18.814.005 0,10% 59.225 $-87.068.531 Baixa ×3
ALC Alcon Inc. Ordinary Shares $17.169.935 0,09% 230.438 $-3.535.432 Baixa ×3
XOM Exxon Mobil Corporation Common Stock $16.074.091 0,09% 142.564 $526.421 Baixa ×3
LLY Eli Lilly and Company Common Stock $15.509.501 0,09% 20.327 $-507.501 Baixa ×3
SE Sea Limited American Depositary Shares, each representing one Class A Ordinary Share $15.464.077 0,08% 86.522 $1.152.646 Baixa ×2
ADP Automatic Data Processing, Inc. - Common Stock $15.397.597 0,08% 52.462 $-3.622.047 Baixa ×3
MELI MercadoLibre, Inc. - Common Stock $14.430.604 0,08% 6.175 $-1.635.379 Alta ×3
TFPM Triple Flag Precious Metals Corp. Common Shares $12.991.855 0,07% 443.713 $539.132 Baixa ×3
TCOM Trip.com Group Limited - American Depositary Shares $12.547.872 0,07% 166.860 $2.513.220 Baixa ×2
AAPL Apple Inc. - Common Stock $11.391.636 0,06% 44.738 $643.191 Baixa ×2
ZTS Zoetis Inc. Class A Common Stock $11.222.451 0,06% 76.698 $-1.787.209 Baixa ×3
NTR Nutrien Ltd. Common Shares $10.670.851 0,06% 181.665 $-4.506 Baixa ×3
NU Nu Holdings Ltd. Class A Ordinary Shares $10.435.638 0,06% 651.820 $1.528.066 Alta ×1
BAP Credicorp Ltd. Common Stock $10.353.498 0,06% 38.882 $-71.474 Baixa ×2
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF $10.221.214 0,06% 192.744 $3.418.604 Alta ×3
TU Telus Corporation Ordinary Shares $10.164.537 0,06% 645.207 $-330.065 Baixa ×1
BKNG Booking Holdings Inc. - Common Stock $8.822.407 0,05% 1.634 $-1.077.193 Baixa ×3
ATS ATS Corporation Common Shares $8.763.730 0,05% 334.904 $-3.305.895 Baixa ×1
NVDA NVIDIA Corporation - Common Stock $8.403.190 0,05% 45.038 $7.253.023 Alta ×1
HLN Haleon plc American Depositary Shares (Each representing two Ordinary Shares) $7.364.423 0,04% 821.006 $-206.734 Alta ×3
NVS Novartis AG Common Stock $6.673.224 0,04% 52.037 $205.603 Baixa ×2
EMR Emerson Electric Company Common Stock $5.963.442 0,03% 45.460 $-97.739
CMCSA Comcast Corporation - Class A Common Stock $5.553.107 0,03% 176.738 $-1.432.710 Baixa ×3
FMX Fomento Economico Mexicano S.A.B. de C.V. Common Stock $5.454.830 0,03% 55.306 $-359.008 Baixa ×2

Posições de convicção

08

Posições aumentadas por 3 ou mais trimestres consecutivos.

As contagens de ações são conforme relatado nos registros 13F (não ajustadas por desdobramento)

TítuloValor% do portfólioSequência
OTEX $790.736.244 4,35% acima ×3
HDB $113.314.493 0,62% acima ×3
MDLZ $96.975.741 0,53% acima ×3
ASML $60.721.509 0,33% acima ×3
MELI $14.430.604 0,08% acima ×3
IGSB $10.221.214 0,06% acima ×3
HLN $7.364.423 0,04% acima ×3
IGIB $4.836.781 0,03% acima ×3
ABEV $160.450 0,00% acima ×3

Maiores novas apostas

09

Novas posições abertas neste trimestre, maiores primeiro.

TítuloValorAções% do portfólio
RBA $195.640.130 1.805.849 1,08%
INTU $90.487.623 132.503 0,50%
QQQ $621.382 1.035 0,00%
MUFG $557.071 34.948 0,00%
BIDU $232.442 1.764 0,00%

Maiores variações (QoQ)

10
TítuloMovimentoAções ΔValor Δ
OTEX Comprou mais +117K +$177.4M
TRI Reduziu -124K -$155.9M
SHOP Reduziu -222K +$137.3M
CNI Reduziu -370K -$124.3M
STN Reduziu -882K -$98.7M
FNV Reduziu -334K +$90.0M
GIB Reduziu -184K -$82.7M
GOOG Reduziu -65K +$59.8M
BN Reduziu -700K +$58.3M
TD Reduziu -268K +$57.4M

3 positions hidden — reported move looks larger than the position itself (data completeness check)

Posições encerradas

11

Inclui eventos corporativos (fusões, deslistagens) — nem todas as saídas são vendas

Posições fechadas refletem mudanças no reporte 13F; para gestores de índice, estas são frequentemente mecânicas (deslistagem, fusões e aquisições, rebalanceamento de índice), não decisões ativas.

TítuloTrimestreAções antesValor antesPreço desde a saída
GOLD 30 de Junho de 2025 32.640 $633.636 90,7%
COO 30 de Junho de 2025 5.800 $489.230 -20,0%
VUG 30 de Junho de 2025 800 $296.656
AMD 30 de Setembro de 2025 1.548 $219.661 291,8%