VPR Management

HOUSTON, TXfiles as VPR Management LLC

$249m in 66 US stocks at the end of 30 June 2026. The top 10 are 71.5% of the money. It changed about 5.6% of the portfolio this quarter.

Value

$249m

Stocks

Top 10 share

71.5%

Turnover

5.6%

What changed this quarter

New

Bought for the first time this quarter.

Grab HoldingsGRAB
0.3% of the fund

Added

Bought more of a stock they already held.

Blue Owl CapitalOBDC
0.2% of the fund
+2%

Cut

Sold some of their stake.

Ambev SAABEV
0.4% of the fund
-26%

Sold out

Sold their entire stake.

None this quarter.

Holdings

Vanguard Tax-Managed FDSVEA
Share
15.0%
Value
$37m
Shares
525,600
Held
Ishares Gold TRIAU
Share
12.0%
Value
$30m
Shares
395,430
Held
Flexshares TRGUNR
Share
9.8%
Value
$25m
Shares
497,600
Held
IsharesEWC
Share
7.2%
Value
$18m
Shares
311,800
Held
Vanguard Index FDSVTI
Share
6.7%
Value
$17m
Shares
45,200
Held
IsharesEWZ
Share
5.5%
Value
$14m
Shares
393,400
Held
Vanguard Specialized FundsVIG
Share
5.0%
Value
$12m
Shares
52,630
Held
IsharesIEMG
Share
4.2%
Value
$11m
Shares
126,800
Held
Vaneck ETF TrustEMLC
Share
3.2%
Value
$8m
Shares
316,200
Held
Ishares TRACWI
Share
2.8%
Value
$7m
Shares
43,700
Held
MercadoLibreMELI
Share
2.2%
Value
$5m
Shares
3,194
Held
Spdr Index SHS FDSGNR
Share
2.1%
Value
$5m
Shares
77,550
Held
Freeport-McMoRanFCX
Share
2.0%
Value
$5m
Shares
81,000
Held
Ishares TREWU
Share
1.8%
Value
$4m
Shares
97,500
Held
Nu HoldingsNU
Share
1.5%
Value
$4m
Shares
285,600
Held
Itau Unibanco Hldg S AITUB
Share
1.4%
Value
$4m
Shares
438,013
Held
Ishares TREFV
Share
1.1%
Value
$3m
Shares
35,700
Held
SeaSE
Share
1.1%
Value
$3m
Shares
28,300
Held
Coca-Cola Femsa SAB de CVKOF
Share
1.1%
Value
$3m
Shares
24,789
Held
ExxonMobil HoldingsXOM
Share
1.1%
Value
$3m
Shares
19,200
Held
Petroleo Brasileiro S APBR-A
Share
0.9%
Value
$2m
Shares
154,260
Held
Vanguard Intl Equity Index FVWO
Share
0.9%
Value
$2m
Shares
37,700
Held
Petrobras - Petroleo Brasileiro SAPBR
Share
0.9%
Value
$2m
Shares
132,846
Held
Vale S AVALE
Share
0.7%
Value
$2m
Shares
122,010
Held
BHP Billiton LimitedBHP
Share
0.7%
Value
$2m
Shares
20,000
Held
Rio TintoRIO
Share
0.6%
Value
$2m
Shares
17,000
Held
ChevronCVX
Share
0.6%
Value
$1m
Shares
8,700
Held
Ares CapitalARCC
Share
0.5%
Value
$1m
Shares
63,254
Held
Axia Energia SAAXIAY
Share
0.4%
Value
$1m
Shares
100,104
Held
CoupangCPNG
Share
0.4%
Value
$1m
Shares
60,000
Held
Ambev SAABEV
Share
0.4%
Value
$904,097
Shares
287,929
-26%
Companhia de Saneamento BasiSBS
Share
0.3%
Value
$854,775
Shares
147,885
Held
Select Sector Spdr TRXLE
Share
0.3%
Value
$849,760
Shares
16,000
Held
Grab HoldingsGRAB
Share
0.3%
Value
$829,400
Shares
220,000
New
Vanguard World FDVDE
Share
0.3%
Value
$795,689
Shares
5,300
Held
Vanguard Index FDSVTV
Share
0.3%
Value
$730,066
Shares
3,350
Held
dLocalDLO
Share
0.3%
Value
$727,720
Shares
56,000
Held
AGNC InvestmentAGNC
Share
0.3%
Value
$654,000
Shares
60,000
Held
Banco Bradesco S ABBD
Share
0.3%
Value
$652,013
Shares
187,900
Held
XPXP
Share
0.2%
Value
$602,726
Shares
37,068
Held
NvidiaNVDA
Share
0.2%
Value
$600,270
Shares
3,000
Held
Blue Owl CapitalOBDC
Share
0.2%
Value
$569,664
Shares
52,407
+2%
Telefonica Brasil SAVIV
Share
0.2%
Value
$541,995
Shares
41,185
Held
JBSJBS
Share
0.2%
Value
$513,235
Shares
43,311
Held
PagSeguro DigitalPAGS
Share
0.2%
Value
$506,800
Shares
56,000
Held
Amazon.comAMZN
Share
0.2%
Value
$476,680
Shares
2,000
Held
Banco Santander Brasil S ABSBR
Share
0.2%
Value
$462,263
Shares
88,050
Held
Ishares TREMB
Share
0.2%
Value
$414,692
Shares
4,300
Held
ShellSHEL
Share
0.2%
Value
$387,700
Shares
5,000
Held
FS KKR CapitalFSK
Share
0.2%
Value
$378,000
Shares
36,000
Held
AlphabetGOOG
Share
0.1%
Value
$353,330
Shares
1,000
Held
GerdauGGB
Share
0.1%
Value
$348,418
Shares
86,242
Held
TIM S ATIMB
Share
0.1%
Value
$337,579
Shares
15,760
Held
Main Street CapitalMAIN
Share
0.1%
Value
$328,712
Shares
6,336
Held
CIA Energetica de Minas GeraCIG
Share
0.1%
Value
$309,849
Shares
147,547
Held
ConocoPhillipsCOP
Share
0.1%
Value
$280,692
Shares
2,700
Held
Axia Energia SAAXICY
Share
0.1%
Value
$277,571
Shares
26,310
Held
Schwab Strategic TRSCHP
Share
0.1%
Value
$265,000
Shares
10,000
Held
Suzano S ASUZ
Share
0.1%
Value
$260,775
Shares
33,605
Held
StoneCoSTNE
Share
<0.1%
Value
$238,914
Shares
22,040
Held
Ultrapar Participacoes SAUGP
Share
<0.1%
Value
$234,434
Shares
46,700
Held
Capital SouthwestCSWC
Share
<0.1%
Value
$202,045
Shares
8,500
Held
Oaktree Specialty LendingOCSL
Share
<0.1%
Value
$191,780
Shares
16,062
Held
Crescent Capital BDCCCAP
Share
<0.1%
Value
$98,280
Shares
9,000
Held
Bristol-Myers SquibbBMY
Share
<0.1%
Value
$5,762
Shares
100
Held
PfizerPFE
Share
<0.1%
Value
$2,408
Shares
100
Held

Company	Share of fund	Value	Shares	Change
Vanguard Tax-Managed FDSVEA	15.0%	$37m	525,600	Held
Ishares Gold TRIAU	12.0%	$30m	395,430	Held
Flexshares TRGUNR	9.8%	$25m	497,600	Held
IsharesEWC	7.2%	$18m	311,800	Held
Vanguard Index FDSVTI	6.7%	$17m	45,200	Held
IsharesEWZ	5.5%	$14m	393,400	Held
Vanguard Specialized FundsVIG	5.0%	$12m	52,630	Held
IsharesIEMG	4.2%	$11m	126,800	Held
Vaneck ETF TrustEMLC	3.2%	$8m	316,200	Held
Ishares TRACWI	2.8%	$7m	43,700	Held
MercadoLibreMELI	2.2%	$5m	3,194	Held
Spdr Index SHS FDSGNR	2.1%	$5m	77,550	Held
Freeport-McMoRanFCX	2.0%	$5m	81,000	Held
Ishares TREWU	1.8%	$4m	97,500	Held
Nu HoldingsNU	1.5%	$4m	285,600	Held
Itau Unibanco Hldg S AITUB	1.4%	$4m	438,013	Held
Ishares TREFV	1.1%	$3m	35,700	Held
SeaSE	1.1%	$3m	28,300	Held
Coca-Cola Femsa SAB de CVKOF	1.1%	$3m	24,789	Held
ExxonMobil HoldingsXOM	1.1%	$3m	19,200	Held
Petroleo Brasileiro S APBR-A	0.9%	$2m	154,260	Held
Vanguard Intl Equity Index FVWO	0.9%	$2m	37,700	Held
Petrobras - Petroleo Brasileiro SAPBR	0.9%	$2m	132,846	Held
Vale S AVALE	0.7%	$2m	122,010	Held
BHP Billiton LimitedBHP	0.7%	$2m	20,000	Held
Rio TintoRIO	0.6%	$2m	17,000	Held
ChevronCVX	0.6%	$1m	8,700	Held
Ares CapitalARCC	0.5%	$1m	63,254	Held
Axia Energia SAAXIAY	0.4%	$1m	100,104	Held
CoupangCPNG	0.4%	$1m	60,000	Held
Ambev SAABEV	0.4%	$904,097	287,929	-26%
Companhia de Saneamento BasiSBS	0.3%	$854,775	147,885	Held
Select Sector Spdr TRXLE	0.3%	$849,760	16,000	Held
Grab HoldingsGRAB	0.3%	$829,400	220,000	New
Vanguard World FDVDE	0.3%	$795,689	5,300	Held
Vanguard Index FDSVTV	0.3%	$730,066	3,350	Held
dLocalDLO	0.3%	$727,720	56,000	Held
AGNC InvestmentAGNC	0.3%	$654,000	60,000	Held
Banco Bradesco S ABBD	0.3%	$652,013	187,900	Held
XPXP	0.2%	$602,726	37,068	Held
NvidiaNVDA	0.2%	$600,270	3,000	Held
Blue Owl CapitalOBDC	0.2%	$569,664	52,407	+2%
Telefonica Brasil SAVIV	0.2%	$541,995	41,185	Held
JBSJBS	0.2%	$513,235	43,311	Held
PagSeguro DigitalPAGS	0.2%	$506,800	56,000	Held
Amazon.comAMZN	0.2%	$476,680	2,000	Held
Banco Santander Brasil S ABSBR	0.2%	$462,263	88,050	Held
Ishares TREMB	0.2%	$414,692	4,300	Held
ShellSHEL	0.2%	$387,700	5,000	Held
FS KKR CapitalFSK	0.2%	$378,000	36,000	Held
AlphabetGOOG	0.1%	$353,330	1,000	Held
GerdauGGB	0.1%	$348,418	86,242	Held
TIM S ATIMB	0.1%	$337,579	15,760	Held
Main Street CapitalMAIN	0.1%	$328,712	6,336	Held
CIA Energetica de Minas GeraCIG	0.1%	$309,849	147,547	Held
ConocoPhillipsCOP	0.1%	$280,692	2,700	Held
Axia Energia SAAXICY	0.1%	$277,571	26,310	Held
Schwab Strategic TRSCHP	0.1%	$265,000	10,000	Held
Suzano S ASUZ	0.1%	$260,775	33,605	Held
StoneCoSTNE	<0.1%	$238,914	22,040	Held
Ultrapar Participacoes SAUGP	<0.1%	$234,434	46,700	Held
Capital SouthwestCSWC	<0.1%	$202,045	8,500	Held
Oaktree Specialty LendingOCSL	<0.1%	$191,780	16,062	Held
Crescent Capital BDCCCAP	<0.1%	$98,280	9,000	Held
Bristol-Myers SquibbBMY	<0.1%	$5,762	100	Held
PfizerPFE	<0.1%	$2,408	100	Held

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 16.9% since 30 June 2025.

Where the money is

Technology3.3%

Materials2.8%

Energy2.6%

Financial services2.0%

Retail & consumer0.6%

Everyday goods0.2%

Media & telecom0.1%

Health care0.0%

Other88.2%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.