Naman Capital Ltda
•CIK: 1946136•Filing: Q4 2025
**Bizma Investimentos Ltda** manages $356M across a concentrated portfolio of 12 positions. The fund exhibits a significant allocation to broad market exposure, notably holding SPY at $131.5M and RSP at $82.0M. Further diversification is evident through substantial stakes in UGR ($51.6M) and EZU ($29.0M). The remaining capital is strategically deployed across tech giants and defensive value plays, including GOOGL ($10.7M) and BRK/B ($15.7M).
Total AUM
$355.5M
QoQ Performance
-0.2%
Positions
10
Top 10 Concentration
98.8%
Latest Filing
Q4 2025
Top Holdings Allocation
SPY
RSP
UGR
EZU
SPY37.0%
RSP23.1%
UGR14.5%
EZU8.1%
BRK/B4.4%
GOOGL3.0%
MSFT2.8%
GOOG2.7%
📈 Biggest Buys
SPY
SPDR S&P 500 ETF TR
+11.5%
37.0% of portfolio
📉 Biggest Sells
Sector Breakdown
Other46.9%
ETF37.0%
Technology8.5%
Financial7.5%
Changes from Q3 2025
↑1 increased
↓4 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023