In September, Ibovespa closed down 3.08% while Ativa's “Strategy” portfolio had a negative performance of 2.12%. (Image: REUTERS/Amanda Perobelli)
A recommended wallet of actions and Activates to invest in the medium term underwent seven changes in the composition of the month of October, being the exchange of three shares and weight adjustments in four others.
As a result, the shares of the company are left in the portfolio Copel (CPLE6), JBS (JBSS3) e Vibra (VBBR3) to make room for the papers of the SLC Agricultural (SLCE3), Eletrobras (ELET6) e BB Security (BBSE3).
The broker highlights that the valuation of JBS is already presenting more pressured levels and, in operational terms, the company is still facing difficulties in North American operations and should continue to see pressure on margins. Furthermore, in Brazil, a possible turn of the cycle on the radar could put pressure on shares in 2025.
Vibra was withdrawn given the possibility of Petrobras reducing diesel and gasoline prices over the next few days.
Finally, Copel was replaced by a more discounted player in the sector and which also has the potential to benefit from the increase in energy prices given its level of decontracting.
Ativa also reduced its position in Cury (CURY3), Eztec (EZTC3) e Renner Stores (LREN3). On the other hand, it increased its participation in Ambev (ABEV3), Free Market (MELI34) e Vivo (VIVT3).
Adjustments were also made to Vale (ELECTION 3) e Petrobras (PETR4) in order to maintain the structural position in line with the Ibovespa index.
The portfolio remains unchanged: Bradesco (BBDC4), Gerdau (GGBR4), Itaú (ITUB4) e Sabesp (SBSP3).
In September, Ibovespa closed down 3.08% while Ativa's “strategy” portfolio had a negative performance of 2.12%. For the year, the performances are 13.1% and 14%, respectively.
Check out the composition of the Ativa portfolio for October
| Enterprise | Ticker | Weight |
|---|---|---|
| Vale | ELECTION 3 | 12,5% |
| Petrobras | PETR4 | 11,5% |
| Bradesco | BBDC4 | 10% |
| Itau | ITUB4 | 7% |
| Sabesp | SBSP3 | 6,8% |
| Eletrobras | ELET6 | 5,8% |
| Ambev | ABEV3 | 5,5% |
| Free Market | MELI34 | 5,5% |
| Vivo | VIVT3 | 5,5% |
| BB Security | BBSE3 | 5% |
| Cury | CURY3 | 5% |
| Eztec | EZTC3 | 5% |
| Gerdau | GGBR4 | 5% |
| Renner Stores | LREN3 | 5% |
| SLC Agricultural | SLCE3 | 5% |