| 1 | REAL INVESTOR MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 10,864,900 | 47.2M R$ | 3.55 % | as of Apr 30, 2026 · Original filing |
| 2 | GUEPARDO PREVIDÊNCIA FIFE FUNDO DE INVESTIMENTO MULTIMERCADO RESPONSABILIDADE LIMITADA | 10,176,329 | 44.2M R$ | 14.80 % | as of Apr 30, 2026 · Original filing |
| 3 | iShares Core MSCI Emerging Markets ETF iShares, Inc. | 7,344,014 | 8.2M $ | 0.01 % | as of Feb 28, 2026 · Original filing |
| 4 | VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND VANGUARD STAR FUNDS | 7,165,980 | 6.3M $ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 5 | VANGUARD EMERGING MARKETS STOCK INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 7,015,208 | 6.1M $ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 6 | BTG PACTUAL SYNERGY LONG BIAS FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES | 5,152,644 | 22.4M R$ | 3.38 % | as of Apr 30, 2026 · Original filing |
| 7 | IBIUNA LONG SHORT ST MASTER FIF - CLASSE DE INVESTIMENTO MULTIMERCADO - RESP LIMITADA | 5,149,765 | 22.3M R$ | 1.14 % | as of Apr 30, 2026 · Original filing |
| 8 | CAPSTONE MACRO MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 4,160,523 | 18.1M R$ | 0.15 % | as of Apr 30, 2026 · Original filing |
| 9 | iShares MSCI Brazil Small-Cap ETF iShares Trust | 3,097,540 | 3.5M $ | 0.95 % | as of Feb 28, 2026 · Original filing |
| 10 | REAL INVESTOR 70 PREVIDENCIA FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 2,972,100 | 12.9M R$ | 3.35 % | as of Apr 30, 2026 · Original filing |
| 11 | BTG PACTUAL SYNERGY EQUITY HEDGE FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 2,884,418 | 12.5M R$ | 1.20 % | as of Apr 30, 2026 · Original filing |
| 12 | GUEPARDO LONG BIAS RV FUNDO DE INVESTIMENTO MULTIMERCADO | 2,705,206 | 11.7M R$ | 13.09 % | as of Apr 30, 2026 · Original filing |
| 13 | ATACAMA FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO CRÉDITO PRIVADO | 2,461,987 | 10.7M R$ | 0.24 % | as of Apr 30, 2026 · Original filing |
| 14 | EMERGING MARKETS CORE EQUITY 2 PORTFOLIO DFA INVESTMENT DIMENSIONS GROUP INC | 2,425,221 | 2.1M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 15 | 333 CLASSE DE INVESTIMENTO EM AÇÕES - RESP LIMITADA | 1,850,000 | 8M R$ | 5.98 % | as of Apr 30, 2026 · Original filing |
| 16 | SHARP LONG SHORT 3 MASTER II FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 1,628,765 | 7.1M R$ | 2.02 % | as of Apr 30, 2026 · Original filing |
| 17 | SHARP LONG SHORT 3 MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 1,567,542 | 6.8M R$ | 2.02 % | as of Apr 30, 2026 · Original filing |
| 18 | GRANDEUR PEAK GLOBAL OPPORTUNITIES FUND Grandeur Peak Global Trust | 1,389,500 | 1.2M $ | 0.35 % | as of Apr 30, 2026 · Original filing |
| 19 | BTG PACTUAL E2 FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 1,294,891 | 5.6M R$ | 2.54 % | as of Apr 30, 2026 · Original filing |
| 20 | VANGUARD FTSE ALL-WORLD EX-US INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 1,162,900 | 1M $ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 21 | KINEA PREV APOLO MULTIMERCADO FUNDO DE INVESTIMENTO FINANCEIRO RESP LIMITADA | 1,162,879 | 5M R$ | 0.04 % | as of Apr 30, 2026 · Original filing |
| 22 | GRANDEUR PEAK GLOBAL CONTRARIAN FUND Grandeur Peak Global Trust | 1,074,300 | 942.8K $ | 0.65 % | as of Apr 30, 2026 · Original filing |
| 23 | SHARP ESTRATEGIA STB FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 998,399 | 4.3M R$ | 2.02 % | as of Apr 30, 2026 · Original filing |
| 24 | QUANTITAS MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 950,431 | 4.1M R$ | 0.49 % | as of Apr 30, 2026 · Original filing |
| 25 | CAIXA SMALL CAPS ATIVO FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES - RESPONSABILIDADE LIMITADA | 924,900 | 4M R$ | 0.86 % | as of Apr 30, 2026 · Original filing |
| 26 | THE EMERGING MARKETS SMALL CAP SERIES DFA INVESTMENT TRUST CO | 865,576 | 758.6K $ | 0.02 % | as of Apr 30, 2026 · Original filing |
| 27 | BRASILPREV KINEA SIGMA PREV FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 838,235 | 3.6M R$ | 0.11 % | as of Apr 30, 2026 · Original filing |
| 28 | Dimensional Emerging Markets Core Equity 2 ETF Dimensional ETF Trust | 828,876 | 722K $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 29 | REAL INVESTOR XP SEG PREV FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 815,200 | 3.5M R$ | 3.54 % | as of Apr 30, 2026 · Original filing |
| 30 | POLO TOTAL RETURN CLASSE DE INVESTIMENTO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 769,796 | 3.3M R$ | 0.70 % | as of Apr 30, 2026 · Original filing |
| 31 | TC COSMOS FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 755,000 | 3.3M R$ | 3.40 % | as of Apr 30, 2026 · Original filing |
| 32 | NIMROD FIF MULTIMERCADO CRÉDITO PRIVADO INVESTIMENTO NO EXTERIOR | 742,665 | 2.5M R$ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 33 | REAL INVESTOR ICATU PREV MASTER FI FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 722,100 | 3.1M R$ | 3.56 % | as of Apr 30, 2026 · Original filing |
| 34 | UBS EC CAPITAL FUNDO DE INVESTIMENTO FINANCEIRO AÇÕES RESPONSABILIDADE LIMITADA | 675,000 | 2.9M R$ | 4.35 % | as of Apr 30, 2026 · Original filing |
| 35 | BRASIL CAPITAL 70 XP SEGUROS ADVISORY PREVIDÊNCIA FIF MULTIMERCADO - RESPONSABILIDADE LIMITADA | 657,408 | 2.9M R$ | 5.88 % | as of Apr 30, 2026 · Original filing |
| 36 | IBIUNA LONG BIASED MASTER FIF - CLASSE DE INVESTIMENTO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 652,538 | 2.8M R$ | 1.13 % | as of Apr 30, 2026 · Original filing |
| 37 | GLADIUS FIF MULTIMERCADO CRÉDITO PRIVADO INVESTIMENTO NO EXTERIOR | 645,030 | 2.8M R$ | 0.02 % | as of Apr 30, 2026 · Original filing |
| 38 | BTG PACTUAL SYNERGY EQUITY HEDGE FIFE PREVIDÊNCIA FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 613,100 | 2.7M R$ | 0.96 % | as of Apr 30, 2026 · Original filing |
| 39 | GUEPARDO ITAÚ PREVIDÊNCIA FIFE FUNDO DE INVESTIMENTO FINANCEIRO MULT RESP LIMITADA | 586,221 | 2.5M R$ | 14.79 % | as of Apr 30, 2026 · Original filing |
| 40 | Avantis Emerging Markets Equity ETF American Century ETF Trust | 559,900 | 624.7K $ | 0.00 % | as of Feb 28, 2026 · Original filing |
| 41 | IMPACTO VALUATION CLASSE DE INVESTIMENTO EM AÇÕES - RESP LIMITADA | 550,000 | 2.4M R$ | 2.03 % | as of Apr 30, 2026 · Original filing |
| 42 | Schwab Emerging Markets Equity ETF SCHWAB STRATEGIC TRUST | 523,220 | 583.6K $ | 0.00 % | as of Feb 28, 2026 · Original filing |
| 43 | Franklin FTSE Brazil ETF Franklin Templeton ETF Trust | 506,400 | 455.8K $ | 0.09 % | as of Mar 31, 2026 · Original filing |
| 44 | KINEA ATLAS II FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 489,875 | 2.1M R$ | 0.21 % | as of Apr 30, 2026 · Original filing |
| 45 | VANGUARD INTERNATIONAL HIGH DIVIDEND YIELD INDEX FUND VANGUARD WHITEHALL FUNDS | 468,600 | 410.7K $ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 46 | KINEA URANO FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESP LIMITADA | 448,018 | 1.9M R$ | 0.31 % | as of Apr 30, 2026 · Original filing |
| 47 | KINEA CHRONOS FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 438,164 | 1.9M R$ | 0.14 % | as of Apr 30, 2026 · Original filing |
| 48 | SCC FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 426,523 | 1.9M R$ | 2.02 % | as of Apr 30, 2026 · Original filing |
| 49 | College Retirement Equities Fund - Total Global Stock Account College Retirement Equities Fund | 421,200 | 382.2K $ | 0.00 % | as of Mar 31, 2026 · Original filing |
| 50 | APEX LONG BIASED II ICATU FIF MULTIMERCADO PREVIDENCIÁRIO FIFE - RESPONSABILIDADE LIMITADA | 403,300 | 1.8M R$ | 2.43 % | as of Apr 30, 2026 · Original filing |
| 51 | KINEA APOLO FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 401,610 | 1.7M R$ | 0.07 % | as of Apr 30, 2026 · Original filing |
| 52 | Fidelity Total International Index Fund Fidelity Salem Street Trust | 388,862 | 340.8K $ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 53 | ITAÚ FLEXPREV MASTER GD MULTIMERCADO FUNDO DE INVESTIMENTO FINANCEIRO RESP LIMITADA | 376,826 | 1.6M R$ | 0.04 % | as of Apr 30, 2026 · Original filing |
| 54 | V8 VANQUISH TERMO CLASSE DE INVESTIMENTO RENDA FIXA - RESP LIMITADA | 360,000 | 1.7M R$ | 0.65 % | as of Apr 30, 2026 · Original filing |
| 55 | ITAÚ SMALL CAP MASTER FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 338,909 | 1.5M R$ | 0.48 % | as of Apr 30, 2026 · Original filing |
| 56 | ITAÚ ARTAX ENDURANCE MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 317,300 | 1.4M R$ | 0.11 % | as of Apr 30, 2026 · Original filing |
| 57 | ENCORE LONG BIAS FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 310,700 | 1.3M R$ | 0.62 % | as of Apr 30, 2026 · Original filing |
| 58 | ERIS FUNDO DE INVESTIMENTO FINANCEIRO CLASSE DE INVEST MULTIMERCADO CRÉDITO PRIVADO RESP LIMITADA | 309,656 | 1.3M R$ | 0.13 % | as of Apr 30, 2026 · Original filing |
| 59 | INTER AÇÕES VALOR FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 295,000 | 1.3M R$ | 3.37 % | as of Apr 30, 2026 · Original filing |
| 60 | APEX MASTER LONG BIASED FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 281,200 | 1.2M R$ | 2.48 % | as of Apr 30, 2026 · Original filing |
| 61 | ITAÚ ARTAX ULTRA MULTIMERCADO FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 279,700 | 1.2M R$ | 0.12 % | as of Apr 30, 2026 · Original filing |
| 62 | ITAÚ MASTER GLOBAL DINÂMICO MULTIMERCADO FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 264,400 | 1.1M R$ | 0.03 % | as of Apr 30, 2026 · Original filing |
| 63 | VANGUARD TOTAL WORLD STOCK INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 262,500 | 230.1K $ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 64 | BB TOP AÇÕES AGRO FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 262,000 | 1.1M R$ | 1.08 % | as of Apr 30, 2026 · Original filing |
| 65 | ORO FUNDO DE INVESTIMENTO EM AÇÕES - RESPONSABILIDADE LIMITADA | 246,368 | 1.1M R$ | 0.58 % | as of Apr 30, 2026 · Original filing |
| 66 | MANDRIA FUNDO DE INVESTIMENTO EM AÇÕES | 246,366 | 1.1M R$ | 0.65 % | as of Apr 30, 2026 · Original filing |
| 67 | NORTE LONG BIAS MASTER CLASSE DE INVESTIMENTO MULTIMERCADO - RESP LIMITADA | 238,734 | 1M R$ | 0.51 % | as of Apr 30, 2026 · Original filing |
| 68 | GIANT ZARATHUSTRA MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 235,400 | 1M R$ | 0.45 % | as of Apr 30, 2026 · Original filing |
| 69 | UBS PRÓPRIO FUNDO DE INVESTIMENTO FINANCEIRO - MULTIMERCADO CRÉDITO PRIVADO | 231,962 | 1M R$ | 0.03 % | as of Apr 30, 2026 · Original filing |
| 70 | Dimensional World ex. U.S. Core Equity 2 ETF Dimensional ETF Trust | 226,196 | 197K $ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 71 | AVANTGARDE MULTIFATORES ABSOLUTO FUNDO DE INVESTIMENTO MULTIMERCADO | 224,600 | 974.8K R$ | 1.94 % | as of Apr 30, 2026 · Original filing |
| 72 | LITHIUM FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES | 220,000 | 954.8K R$ | 10.35 % | as of Apr 30, 2026 · Original filing |
| 73 | LASCC FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 212,264 | 921.2K R$ | 2.03 % | as of Apr 30, 2026 · Original filing |
| 74 | SHARP TE1 FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 210,879 | 205.7K R$ | 0.12 % | as of Apr 30, 2026 · Original filing |
| 75 | KINEA ATLAS FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 205,108 | 890.2K R$ | 0.21 % | as of Apr 30, 2026 · Original filing |
| 76 | BRAM EQUITY HEDGE FI FINANCEIRO - CI MULT - RESP LIMITADA | 203,600 | 883.6K R$ | 0.43 % | as of Apr 30, 2026 · Original filing |
| 77 | KINEA ZEUS FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 196,803 | 854.1K R$ | 0.38 % | as of Apr 30, 2026 · Original filing |
| 78 | BZ LOCAL FIF - CLASSE DE INVESTIMENTO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 193,026 | 837.7K R$ | 0.32 % | as of Apr 30, 2026 · Original filing |
| 79 | CLASSE ÚNICA ICEBERG FUNDO DE INVESTIMENTO MULTIMERCADO CRÉDITO PRIVADO LONGO PRAZO | 185,968 | 807.1K R$ | 0.02 % | as of Apr 30, 2026 · Original filing |
| 80 | KINEA PREV ATLAS FIF MULTIMERCADO RESPONSABILIDADE LIMITADA | 179,995 | 781.2K R$ | 0.09 % | as of Apr 30, 2026 · Original filing |
| 81 | KINEA PREV XTR FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 178,211 | 773.4K R$ | 0.11 % | as of Apr 30, 2026 · Original filing |
| 82 | Emerging Markets Social Core Equity Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 174,141 | 152.6K $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 83 | NORTE LONG BIAS MASTER CLASSE DE INVESTIMENTO EM AÇÕES - RESP LIMITADA | 168,199 | 730K R$ | 0.51 % | as of Apr 30, 2026 · Original filing |
| 84 | BTG PACTUAL FUSION FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 160,768 | 697.7K R$ | 0.38 % | as of Apr 30, 2026 · Original filing |
| 85 | MAESTRANZA PREV FUNDO DE INVESTIMENTO MULTIMERCADO CRÉDITO PRIVADO RESPONSABILIDADE LIMITADA | 159,600 | 692.7K R$ | 1.62 % | as of Apr 30, 2026 · Original filing |
| 86 | Dimensional Emerging Markets Value ETF Dimensional ETF Trust | 158,051 | 137.7K $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 87 | VINCI TOTAL RETURN FIF - CLASSE DE INVESTIMENTO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 157,900 | 685.3K R$ | 0.78 % | as of Apr 30, 2026 · Original filing |
| 88 | APEX EQUITY HEDGE FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 155,000 | 672.7K R$ | 1.17 % | as of Apr 30, 2026 · Original filing |
| 89 | iShares MSCI Emerging Markets Small-Cap ETF iShares, Inc. | 154,286 | 172.1K $ | 0.04 % | as of Feb 28, 2026 · Original filing |
| 90 | ITAÚ INDEX AÇÕES IBRX FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 154,100 | 668.8K R$ | 0.07 % | as of Apr 30, 2026 · Original filing |
| 91 | RIO ABSOLUTO FUNDO DE INVESTIMENTO MULTIMERCADO | 154,100 | 668.8K R$ | 3.69 % | as of Apr 30, 2026 · Original filing |
| 92 | JTP FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES | 150,000 | 651K R$ | 0.37 % | as of Apr 30, 2026 · Original filing |
| 93 | Dimensional Emerging Core Equity Market ETF Dimensional ETF Trust | 142,100 | 123.8K $ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 94 | SHARP LONG SHORT 3A FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 140,932 | 611.6K R$ | 2.02 % | as of Apr 30, 2026 · Original filing |
| 95 | BB AÇÕES GOVERNANÇA IS FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 139,200 | 604.1K R$ | 0.07 % | as of Apr 30, 2026 · Original filing |
| 96 | REAL INVESTOR 70 XP SEG ADVISORY PREV FI FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 138,400 | 600.7K R$ | 3.36 % | as of Apr 30, 2026 · Original filing |
| 97 | World ex U.S. Core Equity Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 137,653 | 120.6K $ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 98 | BARRACUDA FUNDO DE INVESTIMENTO MULTIMERCADO | 135,500 | 588.1K R$ | 2.28 % | as of Apr 30, 2026 · Original filing |
| 99 | LASAW FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES | 133,214 | 578.1K R$ | 1.38 % | as of Apr 30, 2026 · Original filing |
| 100 | REAL INVESTOR LONG SHORT PLUS MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESP LIMITADA | 132,600 | 575.5K R$ | 4.22 % | as of Apr 30, 2026 · Original filing |