| 1 | JEQUITIBÁ FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES INVESTIMENTO NO EXTERIOR RESP LIMITADA | 93,750,632 | 488.4M R$ | 54.06 % | as of Apr 30, 2026 · Original filing |
| 2 | SPX HORNET EQUITY HEDGE MASTER FIF MULTIMERCADO RESPONSABILIDADE LIMITADA | 15,485,910 | 80.7M R$ | 3.01 % | as of Apr 30, 2026 · Original filing |
| 3 | Fidelity Series Emerging Markets Opportunities Fund Fidelity Investment Trust | 26,045,404 | 27.4M $ | 0.09 % | as of Apr 30, 2026 · Original filing |
| 4 | MAMORÉ FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 2,718,576 | 14.2M R$ | 2.51 % | as of Apr 30, 2026 · Original filing |
| 5 | iShares Core MSCI Emerging Markets ETF iShares, Inc. | 6,593,660 | 7M $ | 0.00 % | as of Feb 28, 2026 · Original filing |
| 6 | PATRIA LONG BIASED MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 1,335,100 | 7M R$ | 2.41 % | as of Apr 30, 2026 · Original filing |
| 7 | VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND VANGUARD STAR FUNDS | 6,208,325 | 6.5M $ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 8 | VANGUARD EMERGING MARKETS STOCK INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 6,056,244 | 6.4M $ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 9 | SPX FALCON INSTITUCIONAL MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESP LIMITADA | 925,904 | 4.8M R$ | 2.17 % | as of Apr 30, 2026 · Original filing |
| 10 | HEIWA FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 775,376 | 4M R$ | 2.35 % | as of Apr 30, 2026 · Original filing |
| 11 | BANRISUL FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 773,316 | 4M R$ | 6.02 % | as of Apr 30, 2026 · Original filing |
| 12 | iShares Global Timber & Forestry ETF iShares Trust | 3,889,588 | 3.5M $ | 1.34 % | as of Mar 31, 2026 · Original filing |
| 13 | EMERGING MARKETS CORE EQUITY 2 PORTFOLIO DFA INVESTMENT DIMENSIONS GROUP INC | 3,298,664 | 3.5M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 14 | BB TOP AÇÕES AGRO FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 545,100 | 2.8M R$ | 2.71 % | as of Apr 30, 2026 · Original filing |
| 15 | Fidelity Emerging Markets Equity Central Fund Fidelity Central Investment Portfolios LLC | 3,036,715 | 2.8M $ | 0.09 % | as of Mar 31, 2026 · Original filing |
| 16 | iShares MSCI Brazil Small-Cap ETF iShares Trust | 2,521,352 | 2.7M $ | 0.73 % | as of Feb 28, 2026 · Original filing |
| 17 | ACE CAPITAL ABSOLUTO INSTITUCIONAL MASTER FI FINANCEIRO DE AÇÕES - RESPONSABILIDADE LIMITADA | 483,100 | 2.5M R$ | 1.21 % | as of Apr 30, 2026 · Original filing |
| 18 | BTG PACTUAL SYNERGY EQUITY HEDGE FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 463,820 | 2.4M R$ | 0.23 % | as of Apr 30, 2026 · Original filing |
| 19 | ACE CAPITAL ABSOLUTO MASTER FUNDO DE INVESTIMENTO FINANCEIRO DE AÇÕES - RESPONSABILIDADE LIMITADA | 428,600 | 2.2M R$ | 2.35 % | as of Apr 30, 2026 · Original filing |
| 20 | Storebrand Emerging Markets Plus Storebrand Asset Management AS | 250,905 | 2.2M SEK | 0.01 % | as of Mar 31, 2026 · Original filing |
| 21 | MAPFRE MASTER MULTIMERCADO PREV FUNDO DE INVESTIMENTO FINANCEIRO RESP LTDA | 371,115 | 1.9M R$ | 0.78 % | as of Apr 30, 2026 · Original filing |
| 22 | VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 1,748,224 | 1.8M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 23 | MAPFRE MASTER GOVERNANCE FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESP LTDA | 341,301 | 1.8M R$ | 2.00 % | as of Apr 30, 2026 · Original filing |
| 24 | DIMENSIONAL EMERGING MARKETS VALUE FUND DIMENSIONAL EMERGING MARKETS VALUE FUND | 1,632,849 | 1.7M $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 25 | AVANTGARDE MULTIFATORES ABSOLUTO FUNDO DE INVESTIMENTO MULTIMERCADO | 286,700 | 1.5M R$ | 2.98 % | as of Apr 30, 2026 · Original filing |
| 26 | QUANTITAS MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 282,168 | 1.5M R$ | 0.17 % | as of Apr 30, 2026 · Original filing |
| 27 | GLADIUS FIF MULTIMERCADO CRÉDITO PRIVADO INVESTIMENTO NO EXTERIOR | 271,061 | 1.4M R$ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 28 | META 11 SMALL CAP FUNDO DE INVESTIMENTO FINANCEIRO AÇÕES RESPONSABILIDADE LIMITADA | 260,000 | 1.4M R$ | 6.24 % | as of Apr 30, 2026 · Original filing |
| 29 | State Street(R) SPDR(R) Portfolio Emerging Markets ETF SPDR INDEX SHARES FUNDS | 1,475,192 | 1.3M $ | 0.01 % | as of Mar 31, 2026 · Original filing |
| 30 | Storebrand Emerging Markets Storebrand Asset Management AS | 141,686 | 1.2M SEK | 0.01 % | as of Mar 31, 2026 · Original filing |
| 31 | CAIXA SMALL CAPS ATIVO FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES - RESPONSABILIDADE LIMITADA | 219,738 | 1.1M R$ | 0.25 % | as of Apr 30, 2026 · Original filing |
| 32 | NIMROD FIF MULTIMERCADO CRÉDITO PRIVADO INVESTIMENTO NO EXTERIOR | 255,390 | 1.1M R$ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 33 | ATACAMA FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO CRÉDITO PRIVADO | 209,272 | 1.1M R$ | 0.02 % | as of Apr 30, 2026 · Original filing |
| 34 | MOAT CAPITAL TOTAL RETURN MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESP LIMITADA | 206,700 | 1.1M R$ | 2.76 % | as of Apr 30, 2026 · Original filing |
| 35 | ACE CAPITAL W MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 206,169 | 1.1M R$ | 0.32 % | as of Apr 30, 2026 · Original filing |
| 36 | ACE CAPITAL MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 202,050 | 1.1M R$ | 0.16 % | as of Apr 30, 2026 · Original filing |
| 37 | BTG PACTUAL E2 FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 187,990 | 979.4K R$ | 0.44 % | as of Apr 30, 2026 · Original filing |
| 38 | ALGARVE ARROBA 3 FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 180,840 | 942.2K R$ | 2.88 % | as of Apr 30, 2026 · Original filing |
| 39 | E2M INTRUST FUNDO DE INVESTIMENTO DE AÇÕES - RESPONSABILIDADE LIMITADA | 180,000 | 937.8K R$ | 1.30 % | as of Apr 30, 2026 · Original filing |
| 40 | ACE CAPITAL ACTION MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 178,181 | 928.3K R$ | 0.32 % | as of Apr 30, 2026 · Original filing |
| 41 | GIANT DAO MULTIFACTOR LONG BIASED MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 165,700 | 863.3K R$ | 0.77 % | as of Apr 30, 2026 · Original filing |
| 42 | ACE CAPITAL B PREVIDÊNCIA FIFE MASTER FIF - CLASSE DE INVESTIMENTO MULTIMERCADO - RESP LIMITADA | 163,500 | 851.8K R$ | 0.25 % | as of Apr 30, 2026 · Original filing |
| 43 | Avantis Emerging Markets Equity ETF American Century ETF Trust | 736,412 | 782.9K $ | 0.00 % | as of Feb 28, 2026 · Original filing |
| 44 | CAPSTONE MACRO MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 150,040 | 781.7K R$ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 45 | THE EMERGING MARKETS SMALL CAP SERIES DFA INVESTMENT TRUST CO | 716,587 | 754K $ | 0.02 % | as of Apr 30, 2026 · Original filing |
| 46 | iShares Core MSCI Total International Stock ETF iShares Trust | 690,908 | 726.9K $ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 47 | Dimensional Emerging Markets Core Equity 2 ETF Dimensional ETF Trust | 656,827 | 686.8K $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 48 | BTG PACTUAL SYNERGY EQUITY HEDGE FIFE PREVIDÊNCIA FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 131,090 | 683K R$ | 0.25 % | as of Apr 30, 2026 · Original filing |
| 49 | VOKIN ESSENCIAL MATTERHORN CLASSE DE INVESTIMENTO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 130,478 | 679.8K R$ | 2.98 % | as of Apr 30, 2026 · Original filing |
| 50 | MAPFRE MASTER MULTIMERCADO PLUS PREV FUNDO DE INVESTIMENTO FINANCEIRO RESP LTDA | 125,795 | 655.4K R$ | 0.89 % | as of Apr 30, 2026 · Original filing |
| 51 | Mercer Emerging Markets Equity Fund Mercer Funds | 642,248 | 579.3K $ | 0.04 % | as of Mar 31, 2026 · Original filing |
| 52 | SANTANDER AMAZONAS MULTIMERCADO CRÉDITO PRIVADO - FIF | 108,000 | 562.7K R$ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 53 | BB AÇÕES GOVERNANÇA IS FUNDO DE INVESTIMENTO FINANCEIRO RESPONSABILIDADE LIMITADA | 101,905 | 530.9K R$ | 0.06 % | as of Apr 30, 2026 · Original filing |
| 54 | LITHIUM FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES | 100,000 | 521K R$ | 5.65 % | as of Apr 30, 2026 · Original filing |
| 55 | Dimensional Emerging Core Equity Market ETF Dimensional ETF Trust | 491,193 | 513.6K $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 56 | BRAM EQUITY HEDGE FI FINANCEIRO - CI MULT - RESP LIMITADA | 97,200 | 506.4K R$ | 0.25 % | as of Apr 30, 2026 · Original filing |
| 57 | CONSTÂNCIA ABSOLUTO FIF - CLASSE DE INVESTIMENTO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 97,053 | 505.6K R$ | 1.23 % | as of Apr 30, 2026 · Original filing |
| 58 | LEGACY CAPITAL ALPHA MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 91,234 | 475.3K R$ | 0.02 % | as of Apr 30, 2026 · Original filing |
| 59 | VANGUARD TOTAL WORLD STOCK INDEX FUND VANGUARD INTERNATIONAL EQUITY INDEX FUNDS | 443,072 | 466.2K $ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 60 | OCCAM RETORNO ABSOLUTO FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 473,424 | 463.7K R$ | 0.09 % | as of Apr 30, 2026 · Original filing |
| 61 | RYO LONG BIASED MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 88,749 | 462.4K R$ | 0.19 % | as of Apr 30, 2026 · Original filing |
| 62 | BANRISUL PERFORMANCE FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 88,600 | 461.6K R$ | 9.21 % | as of Apr 30, 2026 · Original filing |
| 63 | ENCORE LONG BIAS FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 81,500 | 424.6K R$ | 0.20 % | as of Apr 30, 2026 · Original filing |
| 64 | ABSOLUTE VERTEX MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESPONSABILIDADE LIMITADA | 79,707 | 415.3K R$ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 65 | PRINCIPAL CLARITAS QUANT MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 72,997 | 380.3K R$ | 1.28 % | as of Apr 30, 2026 · Original filing |
| 66 | STRATEGIC LONG SHORT FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 68,900 | 359K R$ | 1.76 % | as of Apr 30, 2026 · Original filing |
| 67 | ARAQUÁ FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO CRÉDITO PRIVADO RESPONSABILIDADE LIMITADA | 67,760 | 353K R$ | 0.51 % | as of Apr 30, 2026 · Original filing |
| 68 | AMIGOS DO COELHO FUNDO DE INVESTIMENTO EM AÇÕES RESPONSABILIDADE LIMITADA | 67,500 | 351.7K R$ | 1.96 % | as of Apr 30, 2026 · Original filing |
| 69 | ESTRELA FUNDO DE INVESTIMENTO EM AÇÕES | 67,198 | 350.1K R$ | 1.51 % | as of Apr 30, 2026 · Original filing |
| 70 | College Retirement Equities Fund - Total Global Stock Account College Retirement Equities Fund | 375,547 | 341.5K $ | 0.00 % | as of Mar 31, 2026 · Original filing |
| 71 | CL VII FUNDO DE INVESTIMENTO MULTIMERCADO | 63,494 | 330.8K R$ | 0.45 % | as of Apr 30, 2026 · Original filing |
| 72 | Fidelity Total International Index Fund Fidelity Salem Street Trust | 312,841 | 329.2K $ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 73 | Dimensional World ex. U.S. Core Equity 2 ETF Dimensional ETF Trust | 312,889 | 327.2K $ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 74 | MAPFRE FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES RESPONSABILIDADE LIMITADA | 62,519 | 325.7K R$ | 3.29 % | as of Apr 30, 2026 · Original filing |
| 75 | AZ QUEST BAYES LONG SHORT SISTEMÁTICO MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 59,369 | 309.3K R$ | 1.28 % | as of Apr 30, 2026 · Original filing |
| 76 | State Street(R) SPDR(R) S&P(R) Emerging Markets Small Cap ETF SPDR INDEX SHARES FUNDS | 340,926 | 307.5K $ | 0.05 % | as of Mar 31, 2026 · Original filing |
| 77 | Foreign Smaller Companies Series Templeton Institutional Funds | 331,144 | 301.1K $ | 1.59 % | as of Mar 31, 2026 · Original filing |
| 78 | QUANTIQUE QUARK MAGNON FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 57,655 | 300.4K R$ | 2.20 % | as of Apr 30, 2026 · Original filing |
| 79 | ACE CAPITAL BRASILPREV FIFE FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESPONSABILIDADE LIMITADA | 57,450 | 299.3K R$ | 0.26 % | as of Apr 30, 2026 · Original filing |
| 80 | GIANT ZARATHUSTRA MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 57,408 | 299.1K R$ | 0.13 % | as of Apr 30, 2026 · Original filing |
| 81 | LEGACY CAPITAL MASTER CLASSE DE INVESTIMENTO MULTIMERCADO - RESP LIMITADA | 56,625 | 295K R$ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 82 | MANTIQUEIRA MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO CRÉDITO PRIVADO RESP LIMITADA | 54,200 | 282.4K R$ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 83 | SPHERE CLASSE DE INVESTIMENTO MULTIMERCADO CRÉDITO PRIVADO INVESTIMENTO NO EXTERIOR | 51,906 | 270.4K R$ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 84 | Dimensional Emerging Markets Value ETF Dimensional ETF Trust | 240,911 | 251.9K $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 85 | UBS PRÓPRIO FUNDO DE INVESTIMENTO FINANCEIRO - MULTIMERCADO CRÉDITO PRIVADO | 47,520 | 247.6K R$ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 86 | SAFRA MAXWELL MACRO MASTER FUNDO DE INVESTIMENTO FINANCEIRO CLASSE DE INV MULTIMERCADO RESP LIMITADA | 46,433 | 241.9K R$ | 0.32 % | as of Apr 30, 2026 · Original filing |
| 87 | ELETROS ITAÚNA FI FINANCEIRO - CIA - RESP LIMITADA | 44,450 | 231.6K R$ | 0.21 % | as of Apr 30, 2026 · Original filing |
| 88 | NAVI LONG SHORT MASTER FIF - CLASSE DE INVESTIMENTO MULT - RESP LIMITADA | 40,058 | 208.7K R$ | 0.28 % | as of Apr 30, 2026 · Original filing |
| 89 | VanEck Brazil Small-Cap ETF VanEck ETF Trust | 215,408 | 195.9K $ | 0.80 % | as of Mar 31, 2026 · Original filing |
| 90 | AZ QUEST BAYES LONG BIASED SISTEMATICO FUNDO DE INVESTIMENTO MULTIMERCADO | 35,482 | 184.9K R$ | 1.39 % | as of Apr 30, 2026 · Original filing |
| 91 | BTG PACTUAL E3 FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 33,834 | 176.3K R$ | 0.03 % | as of Apr 30, 2026 · Original filing |
| 92 | QUANTITAS FIF MULTIMERCADO MALDIVAS LONG SHORT RESPONSABILIDADE LIMITADA | 33,232 | 173.1K R$ | 1.24 % | as of Apr 30, 2026 · Original filing |
| 93 | ACE CAPITAL DINÂMICO MASTER FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO -RESPONSABILIDADE LIMITADA | 31,836 | 165.9K R$ | 0.14 % | as of Apr 30, 2026 · Original filing |
| 94 | MCG FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 31,360 | 163.4K R$ | 0.32 % | as of Apr 30, 2026 · Original filing |
| 95 | Emerging Markets Social Core Equity Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 151,002 | 158.9K $ | 0.01 % | as of Apr 30, 2026 · Original filing |
| 96 | OITI FIF MULTIMERCADO CRÉDITO PRIVADO INVESTIMENTO NO EXTERIOR RESPONSABILIDADE LIMITADA | 29,766 | 155.1K R$ | 0.00 % | as of Apr 30, 2026 · Original filing |
| 97 | BB TOP MULTI LONGO PRAZO ABSOLUTO FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO RESP LIMITADA | 29,500 | 153.7K R$ | 0.14 % | as of Apr 30, 2026 · Original filing |
| 98 | BTG PACTUAL FUSION FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO | 29,070 | 151.5K R$ | 0.08 % | as of Apr 30, 2026 · Original filing |
| 99 | MB FUNDO DE INVESTIMENTO FINANCEIRO EM AÇÕES - RESPONSABILIDADE LIMITADA | 28,000 | 145.9K R$ | 2.87 % | as of Apr 30, 2026 · Original filing |
| 100 | HOGAN LONG SHORT DIRECIONAL FUNDO DE INVESTIMENTO FINANCEIRO MULTIMERCADO - RESP LIMITADA | 27,228 | 141.9K R$ | 2.68 % | as of Apr 30, 2026 · Original filing |