BNDES Participacoes S.A.
•CIK: 1715696•Filing: Q4 2025
**BNDES Participacoes S.A.** manages $2.9B in assets, employing a focused, single-position investment strategy. The fund's current portfolio is heavily concentrated in UBS, representing a substantial holding of $2.874 billion. This concentrated exposure suggests a high conviction bet on the financial sector represented by UBS. Investors should note the single-stock concentration risk inherent in this mandate.
Total AUM
$2.9B
QoQ Performance
N/A
Positions
1
Top 10 Concentration
100.0%
Latest Filing
Q4 2025
Top Holdings Allocation
JBS
JBS100.0%
📈 Biggest Buys
—
JBS N.V.
NEW
100.0% of portfolio
📉 Biggest Sells
No reductions this quarter
Sector Breakdown
Other100.0%