Desempenho vs S&P 500

03
Monitorado Q1 2025–Q2 2026 +11.6%
Retorno total do S&P 500 (mesma janela) +37.0%
Retorno excedente -25.4%

Anualizado: +9.2% · S&P 500: +28.7%

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: 99,1% · Opções excluídas: 0,0%

Distribuição setorial

04
Utilities 51,9%
Real Estate 10,3%
Technology 8,3%
Financials 7,8%
Communication Services 6,7%
Retail 4,5%
Industrials 3,9%
Health Care 3,6%
Consumer Discretionary 2,4%
Consumer products 0,3%
Consumer Staples 0,2%

Portfólio completo 78 posições

05
Tipo Sequência Tendência de 8T
ES Eversource Energy (D/B/A) Common Stock $248.396.688 5,55% 3.437.065 $-179.932.593 Baixa ×3
AMT American Tower Corporation (REIT) Common Stock $230.022.439 5,14% 1.406.263 $-29.416.385 Baixa ×1
XEL Xcel Energy Inc. - Common Stock $226.328.280 5,06% 2.818.534 $42.284.945 Alta ×2
CCI Crown Castle Inc. Common Stock $210.551.816 4,71% 2.780.296 $-21.604.821 Baixa ×1
SRE DBA Sempra Common Stock $207.946.120 4,65% 2.242.974 $-11.499.596 Baixa ×1
CMS CMS Energy Corporation Common Stock $194.237.325 4,34% 2.539.050 $37.529.294 Alta ×4
EVRG Evergy, Inc. - Common Stock $187.857.420 4,20% 2.173.521 $4.121.673 Baixa ×3
D Dominion Energy, Inc. Common Stock $183.733.221 4,11% 2.690.485 $12.019.949 Baixa ×6
MSFT Microsoft Corporation - Common Stock $169.977.381 3,80% 455.679 $-270.212.125 Baixa ×2
TSM Taiwan Semiconductor Manufacturing Company Ltd. $164.506.150 3,68% 344.465 $-233.601.654 Baixa ×4
LNT Alliant Energy Corporation - Common Stock $151.628.893 3,39% 1.987.533 $5.637.048 Baixa ×2
AMZN Amazon.com, Inc. - Common Stock $149.627.230 3,35% 627.789 $-318.747.216 Baixa ×4
WEC WEC Energy Group, Inc. Common Stock $144.582.279 3,23% 1.238.180 $-1.441.779 Baixa ×6
MA Mastercard Incorporated Common Stock $121.557.821 2,72% 236.678 $-170.738.282 Baixa ×6
GOOG Alphabet Inc. - Class C Capital Stock $116.760.725 2,61% 330.458 $-739.426 Baixa ×6
META Meta Platforms, Inc. - Class A Common Stock $100.868.904 2,26% 179.071 $-189.219.314 Baixa ×1
BRK-B (registrado como BRKB) Berkshire Hathaway Inc. Class B $69.977.040 1,56% 139.845 $-89.411.589 Baixa ×1
SPGI S&P Global Inc. Common Stock $68.789.472 1,54% 168.908 $1.367.127 Alta ×4
UNP Union Pacific Corporation Common Stock $68.400.384 1,53% 251.472 $6.009.681 Baixa ×3
NFLX Netflix, Inc. - Common Stock $66.477.755 1,49% 931.061 $-77.767.244 Baixa ×2
NSC Norfolk Southern Corporation Common Stock $63.341.438 1,42% 201.346 $4.211.976 Baixa ×6
YUM Yum! Brands, Inc. $57.362.084 1,28% 358.827 $-155.659.198 Baixa ×4
SO Southern Company (The) Common Stock $56.685.970 1,27% 592.268 $4.029.967 Alta ×5
AEP American Electric Power Company, Inc. - Common Stock $56.524.967 1,26% 413.164 $3.699.596 Alta ×2
DUK Duke Energy Corporation (Holding Company) Common Stock $56.007.979 1,25% 442.471 $3.303.974 Alta ×6
ETR Entergy Corporation Common Stock $55.449.239 1,24% 482.755 $2.832.736 Alta ×5
NEE NextEra Energy, Inc. Common Stock $54.854.407 1,23% 624.979 $1.946.244 Alta ×2
EXC Exelon Corporation - Common Stock $53.710.109 1,20% 1.152.083 $156.298 Alta ×5
TMO Thermo Fisher Scientific Inc Common Stock $53.112.073 1,19% 105.936 $12.223.167 Alta ×2
ICE Intercontinental Exchange Inc. Common Stock $49.304.816 1,10% 400.494 $-137.291.075 Baixa ×6
ZBH Zimmer Biomet Holdings, Inc. Common Stock $49.106.511 1,10% 570.409 $-695.107 Alta ×1
DG Dollar General Corporation Common Stock $45.833.464 1,02% 398.171 $-2.615.975 Baixa ×3
ED Consolidated Edison, Inc. Common Stock $45.398.569 1,02% 410.364 $1.160.355 Alta ×5
PEG Public Service Enterprise Group Incorporated Common Stock $44.500.758 1,00% 548.309 $2.121.085 Alta ×5
UNH UnitedHealth Group Incorporated Common Stock (DE) $43.362.678 0,97% 104.330 $-151.408.816 Baixa ×2
CSX CSX Corporation - Common Stock $42.366.151 0,95% 891.356 $-33.455.785 Baixa ×3
INTU Intuit Inc. - Common Stock $38.671.065 0,86% 148.165 $-118.030.365 Baixa ×1
AEE Ameren Corporation Common Stock $34.551.128 0,77% 305.654 $1.758.475 Alta ×5
BKNG Booking Holdings Inc. - Common Stock $34.399.607 0,77% 192.996 $-14.511.680 Alta ×4
DTE DTE Energy Company Common Stock $34.387.471 0,77% 225.684 $2.197.138 Alta ×5
ATO Atmos Energy Corporation Common Stock $32.203.120 0,72% 186.934 $-1.298.992 Alta ×4
CNP CenterPoint Energy, Inc (Holding Co) Common Stock $30.732.213 0,69% 697.825 $1.248.840 Alta ×4
FE FirstEnergy Corp. Common Stock $29.967.837 0,67% 630.371 $-1.212.633 Alta ×4
AWK American Water Works Company, Inc. Common Stock $29.392.867 0,66% 223.384 $-80.689 Alta ×4
PPL PPL Corporation Common Stock $28.297.494 0,63% 778.473 $-783.173 Alta ×4
NI NiSource Inc Common Stock $25.337.255 0,57% 532.855 $2.120.126 Alta ×4
V Visa Inc. $20.758.660 0,46% 60.505 $-179.997.611 Baixa ×6
SBAC SBA Communications Corporation - Class A Common Stock $20.462.831 0,46% 115.963 $1.062.248 Alta ×4
CMG Chipotle Mexican Grill, Inc. Common Stock $17.209.610 0,38% 506.165 $-106.512.529 Baixa ×4
GOOGL Alphabet Inc. - Class A Common Stock $16.715.267 0,37% 46.773 $-177.795.206 Baixa ×1
PG Procter & Gamble Company (The) Common Stock $14.203.550 0,32% 96.860 $-173.818.042 Baixa ×2
PNW Pinnacle West Capital Corporation Common Stock $13.658.978 0,31% 127.654 $2.043.208 Alta ×4
WTRG Essential Utilities, Inc. Common Stock $12.289.350 0,27% 320.787 $379.336 Alta ×4
OGE OGE Energy Corp Common Stock $11.268.391 0,25% 231.574 $524.056 Alta ×4
MSCI MSCI Inc. Common Stock $9.742.456 0,22% 17.396 $-140.723.803 Baixa ×3
IDA IDACORP, Inc. Common Stock $8.857.707 0,20% 58.544 $1.692.622 Alta ×4
MDT Medtronic plc. Ordinary Shares $8.843.745 0,20% 113.048 $-117.164.245 Baixa ×2
CME CME Group Inc. - Class A Common Stock $8.169.827 0,18% 36.996 $-88.076.468 Baixa ×2
SWX Southwest Gas Holdings, Inc. Common Stock (DE) $6.829.247 0,15% 77.010 Alta ×1
TXNM TXNM Energy, Inc. Common Stock $6.588.013 0,15% 116.027 $75.861 Alta ×4
BKH Black Hills Corporation Common Stock $6.346.841 0,14% 85.307 $1.199.257 Alta ×4
SYK Stryker Corporation Common Stock $6.327.969 0,14% 20.099 $-92.617.052 Baixa ×6
POR Portland General Electric Co Common Stock $6.120.242 0,14% 118.083 $689.365 Alta ×4
HD Home Depot, Inc. (The) Common Stock $5.210.847 0,12% 14.775 $1.682.515 Alta ×3
MDLZ Mondelez International, Inc. - Class A Common Stock $5.132.779 0,11% 88.741 $-697.334 Baixa ×2
MDU MDU Resources Group, Inc. Common Stock (Holding Company) $4.910.985 0,11% 231.541 Alta ×1
NWE NorthWestern Energy Group, Inc. - Common Stock $4.820.384 0,11% 67.305 $476.652 Alta ×4
OGS ONE Gas, Inc. Common Stock $4.555.839 0,10% 59.113 $-416.532 Alta ×4
SR Spire Inc. Common Stock $4.525.237 0,10% 57.949 $-549.349 Alta ×4
KO Coca-Cola Company (The) Common Stock $3.382.376 0,08% 41.619 $-119.709.949 Baixa ×3
AWR American States Water Company Common Stock $3.036.074 0,07% 36.743 $257.568
CWT California Water Service Group Common Stock $2.987.888 0,07% 61.416 $203.287
AVA Avista Corporation Common Stock $2.902.810 0,06% 70.956 $47.130 Baixa ×1
MGEE MGE Energy Inc. - Common Stock $2.420.352 0,05% 29.683 $126.153
NWN Northwest Natural Holding Company Common Stock $2.264.953 0,05% 46.167 $-71.884 Alta ×5
CPK Chesapeake Utilities Corporation Common Stock $2.106.656 0,05% 17.200 $49.984 Alta ×5
HTO H2O America - Common Stock $1.766.159 0,04% 29.063 $61.033
MSEX Middlesex Water Company - Common Stock $870.648 0,02% 15.503 $63.717

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
CMS $194.237.325 4,34% acima ×4
SPGI $68.789.472 1,54% acima ×4
SO $56.685.970 1,27% acima ×5
DUK $56.007.979 1,25% acima ×6
ETR $55.449.239 1,24% acima ×5
EXC $53.710.109 1,20% acima ×5
ED $45.398.569 1,02% acima ×5
PEG $44.500.758 1,00% acima ×5
AEE $34.551.128 0,77% acima ×5
BKNG $34.399.607 0,77% acima ×4
DTE $34.387.471 0,77% acima ×5
ATO $32.203.120 0,72% acima ×4
CNP $30.732.213 0,69% acima ×4
FE $29.967.837 0,67% acima ×4
AWK $29.392.867 0,66% acima ×4

Maiores novas apostas

09

Novas posições abertas neste trimestre, maiores primeiro.

TítuloValorAções% do portfólio
SWX $6.829.247 77.010 0,15%
MDU $4.910.985 231.541 0,11%

Maiores variações (QoQ)

10
TítuloMovimentoAções ΔValor Δ
AMZN Reduziu -1.6M -$318.7M
MSFT Reduziu -733K -$270.2M
TSM Reduziu -834K -$233.6M
META Reduziu -328K -$189.2M
ES Reduziu -2.7M -$179.9M
MA Reduziu -348K -$170.7M
YUM Reduziu -1.0M -$155.7M
UNH Reduziu -615K -$151.4M
ICE Reduziu -786K -$137.3M
INTU Reduziu -214K -$118.0M

5 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
AAPL 30 de Junho de 2025 932.266 $207.084.247 62,5%
RSG 30 de Junho de 2025 705.288 $170.792.542 -14,1%
NVO 30 de Setembro de 2025 1.678.195 $115.829.019 -33,3%
CL 30 de Junho de 2025 911.997 $85.454.119 -5,7%
USB 31 de Março de 2026 1.048.050 $55.923.948 10,0%
ULTA 30 de Setembro de 2025 63.708 $29.803.877 -0,3%
MELI 30 de Setembro de 2025 9.765 $25.522.097 -22,2%
MS 30 de Setembro de 2025 164.869 $23.223.447 18,3%
YUMC 30 de Setembro de 2025 413.378 $18.482.130 -6,5%
MCD 30 de Junho de 2025 10.051 $3.139.631 -21,2%
ADBE 30 de Junho de 2025 8.080 $3.098.922 -38,7%
ALE 31 de Dezembro de 2025 44.345 $2.944.508 Não mais rastreado
HCA 31 de Dezembro de 2025 179 $76.290 -7,6%
BLK 30 de Junho de 2026 76 $73.090 10,0%
CRM 30 de Junho de 2026 369 $68.881 47,8%
PEP 30 de Junho de 2026 443 $68.793 -8,0%