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| # | Issuer | Value | Shares | % Portfolio |
|---|---|---|---|---|
| 1 | STATE STR SPDR S&P 500 ETF T | $80.5M | 123791 | 22.38% |
| 2 | INVESCO EXCHANGE TRADED FD T | $28.4M | 148227 | 7.91% |
| 3 | ULTRAPAR PARTICIPACOES SA | $14.0M | 3703905 | 3.88% |
| 4 | BERKSHIRE HATHAWAY INC DEL | $11.1M | 23177 | 3.09% |
| 5 | ALPHABET INC | $9.8M | 34200 | 2.73% |
| 6 | ISHARES INC | $9.3M | 148630 | 2.59% |
| 7 | ALPHABET INC | $8.8M | 30760 | 2.45% |
| 8 | ISHARES INC | $8.7M | 71018 | 2.43% |
| 9 | MICROSOFT CORP | $7.7M | 20675 | 2.13% |
| 10 | BERKSHIRE HATHAWAY INC DEL | $7.2M | 10 | 2.00% |
| 11 | VISA INC | $6.0M | 20012 | 1.68% |
| 12 | COSAN S A | $1.1M | 271941 | 0.31% |
| 13 | SUZANO S A | $748K | 74744 | 0.21% |
Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.