VPR Management LLC Q3 2025 Filing

Filed November 14, 2025

Portfolio Value

$220.1B

Holdings

60

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (60 positions)

#StockSharesValue% PortfolioType
1
VEAVANGUARD TAX-MANAGED INTL FD
525,600$31.5B14.31%
2
IAU*ISHARES GOLD TR
422,930$30.8B13.98%
3
GUNRFLEXSHARES TR
497,600$21.8B9.90%
4
EWCISHARES INC
351,800$17.8B8.08%
5
EWZISHARES INC
493,400$15.3B6.95%
6
VTIVANGUARD INDEX FDS
40,800$13.4B6.08%
7
VIGVANGUARD SPECIALIZED FUNDS
52,630$11.4B5.16%
8
IEMGISHARES INC
126,800$8.4B3.80%
9
EMLCVANECK ETF TRUST
316,200$8.1B3.67%
10
ACWIISHARES TR
43,700$6.0B2.75%
11
NUNU HLDGS LTD
307,600$4.9B2.24%
12
GNRSPDR INDEX SHS FDS
77,550$4.6B2.09%
13
MLB1MERCADOLIBRE INC
1,594$3.7B1.69%
14
AGNCAGNC INVT CORP
342,500$3.4B1.52%
15
FCXFREEPORT-MCMORAN INC
81,000$3.2B1.44%
16
ITUBITAU UNIBANCO HLDG S A
425,256$3.1B1.42%
17
EFVISHARES TR
35,700$2.4B1.10%
18
EWUISHARES TR
55,900$2.3B1.07%
19
XOMEXXON MOBIL CORP
19,200$2.2B0.98%
20
KOFCOCA-COLA FEMSA SAB DE CV
24,789$2.1B0.94%
21
VWOVANGUARD INTL EQUITY INDEX F
37,700$2.0B0.93%
22
PJXPETROLEO BRASILEIRO SA PETRO
154,260$1.8B0.83%
23
PBRPETROLEO BRASILEIRO SA PETRO
132,846$1.7B0.76%
24
CVXCHEVRON CORP NEW
8,700$1.4B0.61%
25
VALEVALE S A
122,010$1.3B0.60%
26
RIORIO TINTO PLC
17,000$1.1B0.51%
27
BHPBHP GROUP LTD
20,000$1.1B0.51%
28
AXIACENTRAIS ELETRICAS BRASILEIR
100,104$993.0M0.45%
29
ABEVAMBEV SA
387,929$865.1M0.39%
30
XLESELECT SECTOR SPDR TR
8,000$714.7M0.32%
31
SAJACOMPANHIA DE SANEAMENTO BASI
28,680$713.8M0.32%
32
XPXP INC
37,068$696.5M0.32%
33
VDEVANGUARD WORLD FDS
5,300$667.1M0.30%
34
JBSJBS N.V.
43,311$646.6M0.29%
35
BBDBANCO BRADESCO S A
187,900$635.1M0.29%
36
VTVVANGUARD INDEX FDS
3,350$624.7M0.28%
37
NLYANNALY CAPITAL MANAGEMENT IN
30,000$606.3M0.28%
38
VIVTELEFONICA BRASIL SA
41,185$525.1M0.24%
39
BSBRBANCO SANTANDER BRASIL S A
88,050$492.2M0.22%
40
ARCCARES CAPITAL CORP
22,773$464.8M0.21%
41
STNESTONECO LTD
22,040$416.8M0.19%
42
EMBISHARES TR
4,300$409.3M0.19%
43
OBDCBLUE OWL CAPITAL CORPORATION
29,495$376.7M0.17%
44
SHELSHELL PLC
5,000$357.6M0.16%
45
TIMBTIM S A
15,760$351.8M0.16%
46
SUZSUZANO S A
33,605$315.9M0.14%
47
FSKFS KKR CAP CORP
21,000$313.5M0.14%
48
CIGCIA ENERGETICA DE MINAS GERA
147,547$311.3M0.14%
49
SCHPSCHWAB STRATEGIC TR
10,000$269.5M0.12%
50
GGBGERDAU SA
86,242$267.4M0.12%
51
MAINMAIN STR CAP CORP
4,124$262.2M0.12%
52
COPCONOCOPHILLIPS
2,700$255.4M0.12%
53
UGRULTRAPAR PARTICIPACOES SA
46,700$191.5M0.09%
54
TTENTOTALENERGIES SE
3,000$179.1M0.08%
55
CSWCCAPITAL SOUTHWEST CORP
5,500$120.2M0.05%
56
FFC0OAKTREE SPECIALTY LENDING CO
8,240$107.5M0.05%
57
SIDCOMPANHIA SIDERURGICA NACION
55,740$83.6M0.04%
58
CCAPCRESCENT CAP BDC INC
5,000$71.3M0.03%
59
CSANCOSAN S A
10,920$50.2M0.02%
60
BAKBRASKEM S A
9,510$23.0M0.01%