VPR Management LLC

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$250.2M

Reporting period: 2026-03-31 · Number of holdings: 65

VPR Management LLC disclosed 65 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $250.2M and a quarterly turnover rate of 13.3%.

Personality snowflake

Concentration: 27.8
Portfolio Stability: 13.35
Momentum/Contrarian: 100
Sector conviction: 60.63
Diversification: 100
Sizing Uniformity: 81.1

Recent moves

Trim VEA
0.0%　$846.2K
Trim EWZ
-20.3%　-$572.7K
Add GUNR
0.0%　$4.6M
Add MELI
+100.4%　$2.3M
Trim EWC
0.0%　$268.1K
Trim NU
-7.2%　-$1.0M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	IAU	Ishares Gold Trust	ETF-Commodities	13.93%	-0.37%	—
2	VEA	Vanguard Ftse Developed ETF	ETF-Other	13.46%	-1.17%	—
3	GUNR	Flexshares Global Upstream N	ETF-Other	10.97%	+0.81%	—
4	EWC	Ishares Msci Canada ETF	ETF-Other	6.83%	-0.66%	—
5	EWZ	Ishares Msci Brazil ETF	ETF-Other	6.04%	-0.94%	-20.27%
6	VTI	Vanguard Total Stock Mkt ETF	ETF-Other	5.80%	-0.29%	+10.78%
7	VIG	Vanguard Dividend Apprec ETF	ETF-Other	4.52%	-0.63%	—
8	IEMG	Ishares Core Msci Emerging	ETF-Emerging Markets	3.53%	-0.27%	—
9	EMLC	Vaneck JPM Em Local Curr Bnd	ETF-Other	3.17%	-0.47%	—
10	ACWI	Ishares Msci Acwi ETF	ETF-Other	2.42%	-0.33%	—
11	GNR	State Street Spdr S&p Global	ETF-Other	2.31%	+0.16%	—
12	MELI	Mercadolibre INC	Stock-Consumer Disc	2.21%	+0.78%	+100.38%
13	FCX	Freeport-mcmoran INC	Stock-Materials	1.90%	+0.07%	—
14	EWU	Ishares Msci United Kingdom	ETF-Other	1.78%	+0.50%	+48.85%
15	NU	Nu Holdings Ltd.	Stock-Financials	1.64%	-0.65%	-7.15%
16	ITUB	Itau Unibanco H-spon Prf Adr	Stock-Financials	1.47%	+0.07%	—
17	XOM	Exxon Mobil CORP	Stock-Energy	1.30%	+0.27%	—
18	PBR-A	Petroleo Brasil-sp Pref Adr	Stock-Other	1.16%	+0.39%	—
19	PBR	Petroleo Brasileiro-spon Adr	Stock-Energy	1.10%	+0.40%	—
20	EFV	Ishares Msci Eafe Value ETF	ETF-Other	1.06%	-0.08%	—
21	KOF	Coca-cola Femsa Sab-sp Adr	Stock-Other	0.97%	-0.08%	—
22	SE	Sea Ltd-adr	Stock-Comm Services	0.94%	+0.94%	NEW
23	VWO	Vanguard Ftse Emerging Marke	ETF-Emerging Markets	0.81%	—	—
24	VALE	Vale Sa-sp Adr	Stock-Materials	0.78%	+0.07%	—
25	CVX	Chevron CORP	Stock-Energy	0.72%	+0.13%	—
26	RIO	Rio Tinto Plc-spon Adr	Stock-Materials	0.63%	+0.02%	—
27	BHP	Bhp Group Ltd-spon Adr	Stock-Materials	0.58%	+0.04%	—
28	CPNG	Coupang INC	Stock-Consumer Disc	0.45%	+0.45%	NEW
29	ABEV	Ambev Sa-adr	Stock-Consumer Staples	0.45%	+0.02%	—
30	AXIA	Axia Energia-adr	Stock-Other	0.45%	+0.04%	—
31	ARCC	Ares Capital CORP	Stock-Financials	0.45%	+0.11%	+64.47%
32	XLE	Ss Energy Select Sector	ETF-Other	0.39%	+0.07%	—
33	VDE	Vanguard Energy ETF	ETF-Other	0.37%	+0.07%	—
34	SBS	Cia Saneamento Basico De-adr	Stock-Other	0.36%	+0.05%	+1.70%
35	JBS	Jbs N.v.	Stock-Other	0.31%	+0.03%	—
36	DLO	DLocal Limited	Stock-Other	0.29%	+0.29%	NEW
37	XPEV	Xp INC Class A	Stock-Other	0.28%	+0.01%	—
38	BBD	Banco Bradesco-adr	Stock-Other	0.27%	-0.01%	—
39	VTV	Vanguard Value ETF	ETF-Other	0.26%	—	—
40	VIV	Telefonica Brasil-adr	Stock-Other	0.26%	+0.04%	—
41	AGNC	Agnc Investment CORP	Stock-Real Estate	0.24%	—	—
42	OBDC	Blue Owl Capital CORP	Stock-Financials	0.23%	—	+1.77%
43	PAGS	PagSeguro Digital Ltd.	Stock-Other	0.22%	+0.22%	NEW
44	NVDA	Nvidia CORP	Stock-Tech	0.21%	+0.21%	NEW
45	BSBR	Banco Santander Brasil-ads	Stock-Other	0.21%	—	—
46	SHEL	Shell Plc-adr	Stock-Energy	0.19%	+0.03%	—
47	TIMB	Tim Sa-adr	Stock-Other	0.17%	+0.03%	—
48	AMZN	Amazon.com INC	Stock-Consumer Disc	0.17%	+0.07%	+100.00%
49	EMB	Ishares Jp Morgan Usd Emergi	ETF-Other	0.16%	—	—
50	FSK	Fs Kkr Capital CORP	Stock-Financials	0.15%	-0.09%	—

1–50 of 65

Portfolio Performance

Performance for Q3 2026

-3.5%

Performance Last 4 Quarters

+26.4%

Based on 87% of reported portfolio value with available pricing

Stdev: +12.3%
Beta: +0.51
Alpha: +6%
Max Drawdown: -7.5%
Annualized Perf: +15.7%
Batting Avg vs S&P: +50%
Sortino: +2.41
Stutzer: +0.37
Treynor: +0.3
Sterling: +0.96
Calmar: +2.09
Information Ratio: -0.25
Tracking Error: +12.2%
Stdev Down: +6.4%
Winning Months %: +63.9%
Losing Months %: +36.1%
Best 12 Months: +47.8%
Worst 12 Months: +3.4%
Efficiency Ratio: +0.48
Sharpe: +1.25
Stdev Sectors: +10.1%
Skewness: -0.06
Kurtosis: -0.54
Upside Potential: +4.19

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	65	$250.2M	13	1IAU 2VEA 3GUNR Top holdings2026-03-31 1.IAU 2.VEA 3.GUNR 4.EWC 5.EWZ 6.VTI 7.VIG 8.IEMG 9.EMLC 10.ACWI
2025-12-31	63	$224.5M	7	1VEA 2IAU 3GUNR Top holdings2025-12-31 1.VEA 2.IAU 3.GUNR 4.EWC 5.EWZ 6.VTI 7.VIG 8.IEMG 9.EMLC 10.ACWI
2025-09-30	60	$220.1M	22	1VEA 2IAU 3GUNR Top holdings2025-09-30 1.VEA 2.IAU 3.GUNR 4.EWC 5.EWZ 6.VTI 7.VIG 8.IEMG 9.EMLC 10.ACWI
2025-06-30	60	$213.0M	0	1VEA 2IAU 3GUNR Top holdings2025-06-30 1.VEA 2.IAU 3.GUNR 4.EWC 5.EWZ 6.VTI 7.ACWI 8.VIG 9.EMLC 10.IEMG
2025-03-31	55	$205.9M	0	1IAU 2VEA 3GUNR Top holdings2025-03-31 1.IAU 2.VEA 3.GUNR 4.EWC 5.EWZ 6.VTI 7.VIG 8.ACWI 9.EMLC 10.IEMG
2024-12-31	55	$191.9M	0	1IAU 2VEA 3GUNR Top holdings2024-12-31 1.IAU 2.VEA 3.GUNR 4.EWC 5.VTI 6.EWZ 7.VIG 8.ACWI 9.EMLC 10.IEMG
2024-09-30	56	$287.0M	0	1VEA 2VTI 3VWO Top holdings2024-09-30 1.VEA 2.VTI 3.VWO 4.IAU 5.VIG 6.GUNR 7.EWZ 8.EWC 9.ACWI 10.EMLC
2024-06-30	51	$267.6M	0	1VEA 2VTI 3IAU Top holdings2024-06-30 1.VEA 2.VTI 3.IAU 4.VWO 5.VIG 6.GUNR 7.EWZ 8.EWC 9.ACWI 10.EMLC
2024-03-31	54	$360.4M	0	1VEA 2VWO 3VTI Top holdings2024-03-31 1.VEA 2.VWO 3.VTI 4.VIG 5.IAU 6.GUNR 7.EWZ 8.EWC 9.ACWI 10.EMLC
2023-12-31	53	$385.2M	0	1VEA 2VWO 3VTI Top holdings2023-12-31 1.VEA 2.VWO 3.VTI 4.VIG 5.IAU 6.EWZ 7.GUNR 8.EWC 9.ACWI 10.EMLC
2023-09-30	53	$376.8M	0	1VWO 2VEA 3VTI Top holdings2023-09-30 1.VWO 2.VEA 3.VTI 4.VIG 5.EWZ 6.IAU 7.GUNR 8.EWC 9.ACWI 10.EMLC
2023-06-30	53	$393.1M	0	1VEA 2VWO 3VTI Top holdings2023-06-30 1.VEA 2.VWO 3.VTI 4.VIG 5.EWZ 6.IAU 7.GUNR 8.EWC 9.ACWI 10.EMLC
2023-03-31	54	$479.6M	0	1VWO 2EWZ 3VEA Top holdings2023-03-31 1.VWO 2.EWZ 3.VEA 4.VTI 5.VIG 6.IAU 7.GUNR 8.EWU 9.EWC 10.EMLC
2022-12-31	53	$463.3M	0	1VWO 2EWZ 3VEA Top holdings2022-12-31 1.VWO 2.EWZ 3.VEA 4.VTI 5.VIG 6.IAU 7.GUNR 8.EWU 9.EWC 10.EMLC
2022-09-30	28	$443.5M	0	1EWZ 2VWO 3VEA Top holdings2022-09-30 1.EWZ 2.VWO 3.VEA 4.VTI 5.VIG 6.IAU 7.GUNR 8.EWU 9.EWC 10.EMLC
2022-06-30	27	$457.8M	0	1VWO 2EWZ 3VEA Top holdings2022-06-30 1.VWO 2.EWZ 3.VEA 4.VTI 5.VIG 6.IAU 7.GUNR 8.EWC 9.EWU 10.EMLC
2022-03-31	28	$493.5M	0	1EWZ 2VWO 3VEA Top holdings2022-03-31 1.EWZ 2.VWO 3.VEA 4.VTI 5.VIG 6.IAU 7.GUNR 8.EWC 9.EWU 10.EMLC
2021-12-31	28	$519.0M	0	1VWO 2EWZ 3VEA Top holdings2021-12-31 1.VWO 2.EWZ 3.VEA 4.VTI 5.VIG 6.IAU 7.GUNR 8.EWC 9.EWU 10.EMLC
2021-09-30	28	$513.0M	0	1VWO 2EWZ 3VEA Top holdings2021-09-30 1.VWO 2.EWZ 3.VEA 4.VTI 5.VIG 6.IAU 7.GUNR 8.EWC 9.EWU 10.EMLC
2021-06-30	28	$550.1M	0	1VWO 2EWZ 3VEA Top holdings2021-06-30 1.VWO 2.EWZ 3.VEA 4.VTI 5.VIG 6.IAU 7.GUNR 8.EWC 9.EWU 10.EMLC
2021-03-31	27	$505.9M	0	1VWO 2EWZ 3VEA Top holdings2021-03-31 1.VWO 2.EWZ 3.VEA 4.VTI 5.VIG 6.IAU 7.GUNR 8.EWU 9.EWC 10.EMLC
2020-12-31	28	$484.2M	0	1VWO 2EWZ 3VEA Top holdings2020-12-31 1.VWO 2.EWZ 3.VEA 4.VTI 5.VIG 6.IAU 7.GUNR 8.EWU 9.QQQ 10.EMLC
2020-09-30	26	$400.8M	0	1VWO 2EWZ 3VEA Top holdings2020-09-30 1.VWO 2.EWZ 3.VEA 4.VTI 5.VIG 6.IAU 7.GUNR 8.QQQ 9.EMLC 10.EWU
2020-06-30	25	$335.2M	0	1VWO 2EWZ 3VEA Top holdings2020-06-30 1.VWO 2.EWZ 3.VEA 4.VIG 5.IAU 6.GUNR 7.QQQ 8.EMLC 9.EWU 10.ACWI
2020-03-31	25	$306.6M	0	1VWO 2VEA 3EWZ Top holdings2020-03-31 1.VWO 2.VEA 3.EWZ 4.VTI 5.VIG 6.IAU 7.GUNR 8.QQQ 9.EMLC 10.EWU
2019-12-31	21	$329.2M	0	1VWO 2EWZ 3VEA Top holdings2019-12-31 1.VWO 2.EWZ 3.VEA 4.VIG 5.VTI 6.IAU 7.GUNR 8.QQQ 9.VNQ 10.GNR
2019-09-30	21	$296.2M	0	1VWO 2EWZ 3VEA Top holdings2019-09-30 1.VWO 2.EWZ 3.VEA 4.VIG 5.VTI 6.IAU 7.GUNR 8.QQQ 9.VNQ 10.GNR
2019-06-30	19	$265.1M	0	1VWO 2VEA 3EWZ Top holdings2019-06-30 1.VWO 2.VEA 3.EWZ 4.VIG 5.VTI 6.GUNR 7.GNR 8.VNQ 9.EWJ 10.DJP
2019-03-31	19	$211.4M	0	1VWO 2VEA 3VIG Top holdings2019-03-31 1.VWO 2.VEA 3.VIG 4.VTI 5.GUNR 6.EWZ 7.GNR 8.VNQ 9.EWJ 10.DJP
2018-12-31	19	$186.5M	0	1VWO 2VEA 3VIG Top holdings2018-12-31 1.VWO 2.VEA 3.VIG 4.VTI 5.EWZ 6.GNR 7.VNQ 8.EWJ 9.GUNR 10.XLE
2018-09-30	17	$208.2M	0	1VWO 2VEA 3VIG Top holdings2018-09-30 1.VWO 2.VEA 3.VIG 4.VTI 5.GNR 6.DJP 7.VNQ 8.EWZ 9.EWJ 10.XLE
2018-06-30	14	$198.5M	0	1VWO 2VEA 3VIG Top holdings2018-06-30 1.VWO 2.VEA 3.VIG 4.VTI 5.GNR 6.DJP 7.VNQ 8.EWJ 9.EWZ 10.XLE
2018-03-31	14	$207.4M	0	1VWO 2VEA 3VIG Top holdings2018-03-31 1.VWO 2.VEA 3.VIG 4.VTI 5.DJP 6.EWZ 7.GNR 8.VNQ 9.EWJ 10.XLE
2017-12-31	14	$209.4M	0	1VWO 2VEA 3VIG Top holdings2017-12-31 1.VWO 2.VEA 3.VIG 4.VTI 5.DJP 6.EWZ 7.VNQ 8.EWJ 9.XLE 10.GNR
2017-09-30	13	$201.0M	0	1VWO 2VEA 3VIG Top holdings2017-09-30 1.VWO 2.VEA 3.VIG 4.VTI 5.DJP 6.EWZ 7.VNQ 8.EWJ 9.XLE 10.VDE
2017-06-30	11	$188.1M	0	1VWO 2VEA 3VIG Top holdings2017-06-30 1.VWO 2.VEA 3.VIG 4.VTI 5.DJP 6.VNQ 7.EWZ 8.EWJ 9.VDE 10.IEMG

Holding changes this quarter

VPR Management LLC's most significant position changes for 2026-03-31: New buy: Sea Ltd-adr (SE); New buy: Coupang INC (CPNG); New buy: DLocal Limited (DLO); New buy: PagSeguro Digital Ltd. (PAGS); New buy: Nvidia CORP (NVDA).

Position changes disclosed by VPR Management LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	GUNR	Flexshares Global Upstream N	+0.8%	—	Unchanged
2	MELI	Mercadolibre INC	+0.8%	+100.38%	Add
3	EWU	Ishares Msci United Kingdom	+0.5%	+48.85%	Add
4	PBR	Petroleo Brasileiro-spon Adr	+0.4%	—	Unchanged
5	PBR-A	Petroleo Brasil-sp Pref Adr	+0.4%	—	Unchanged
6	XOM	Exxon Mobil CORP	+0.3%	—	Unchanged
7	GNR	State Street Spdr S&p Global	+0.2%	—	Unchanged
8	CVX	Chevron CORP	+0.1%	—	Unchanged
9	ARCC	Ares Capital CORP	+0.1%	+64.47%	Add
10	FCX	Freeport-mcmoran INC	+0.1%	—	Unchanged
11	ITUB	Itau Unibanco H-spon Prf Adr	+0.1%	—	Unchanged
12	VALE	Vale Sa-sp Adr	+0.1%	—	Unchanged
13	XLE	Ss Energy Select Sector	+0.1%	—	Unchanged
14	VDE	Vanguard Energy ETF	+0.1%	—	Unchanged
15	AMZN	Amazon.com INC	+0.1%	+100.00%	Add
16	SBS	Cia Saneamento Basico De-adr	+0.1%	+1.70%	Add
17	BHP	Bhp Group Ltd-spon Adr	0%	—	Unchanged
18	AXIA	Axia Energia-adr	0%	—	Unchanged
19	VIV	Telefonica Brasil-adr	0%	—	Unchanged
20	JBS	Jbs N.v.	0%	—	Unchanged
21	TIMB	Tim Sa-adr	0%	—	Unchanged
22	COP	Conocophillips	0%	—	Unchanged
23	SHEL	Shell Plc-adr	0%	—	Unchanged
24	RIO	Rio Tinto Plc-spon Adr	0%	—	Unchanged
25	ABEV	Ambev Sa-adr	0%	—	Unchanged
26	UGP	Ultrapar Particpac-spon Adr	0%	—	Unchanged
27	XPEV	Xp INC Class A	0%	—	Unchanged
28	AXIA-PC	Axia Energia-adr Pref C	0%	-0.00%	Trim
29	BBD	Banco Bradesco-adr	0%	—	Unchanged
30	EFV	Ishares Msci Eafe Value ETF	-0.1%	—	Unchanged
31	KOF	Coca-cola Femsa Sab-sp Adr	-0.1%	—	Unchanged
32	FSK	Fs Kkr Capital CORP	-0.1%	—	Unchanged
33	IEMG	Ishares Core Msci Emerging	-0.3%	—	Unchanged
34	VTI	Vanguard Total Stock Mkt ETF	-0.3%	+10.78%	Add
35	ACWI	Ishares Msci Acwi ETF	-0.3%	—	Unchanged
36	IAU	Ishares Gold Trust	-0.4%	—	Unchanged
37	EMLC	Vaneck JPM Em Local Curr Bnd	-0.5%	—	Unchanged
38	VIG	Vanguard Dividend Apprec ETF	-0.6%	—	Unchanged
39	NU	Nu Holdings Ltd.	-0.7%	-7.15%	Trim
40	EWC	Ishares Msci Canada ETF	-0.7%	—	Unchanged
41	EWZ	Ishares Msci Brazil ETF	-0.9%	-20.27%	Trim
42	VEA	Vanguard Ftse Developed ETF	-1.2%	—	Unchanged
43	SE	Sea Ltd-adr	—	NEW	New buy
44	CPNG	Coupang INC	—	NEW	New buy
45	DLO	DLocal Limited	—	NEW	New buy
46	PAGS	PagSeguro Digital Ltd.	—	NEW	New buy
47	NVDA	Nvidia CORP	—	NEW	New buy
48	GOOG	Alphabet Inc-cl C	—	NEW	New buy
49	TTEN	Totalenergies Se -spon Adr	—	EXIT	Sold out
50	SID	Cia Siderurgica Nacl-sp Adr	—	EXIT	Sold out

FAQ

What is VPR Management LLC and what type of investor is it?

VPR Management LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $250.2M, spread across 65 disclosed positions.

What are VPR Management LLC's largest equity positions?

Based on the latest 13F filing, VPR Management LLC's top holdings by market value are: 1. Ishares Gold Trust (IAU) — $34.9M (13.9%) 2. Vanguard Ftse Developed ETF (VEA) — $33.7M (13.5%) 3. Flexshares Global Upstream N (GUNR) — $27.4M (11.0%) 4. Ishares Msci Canada ETF (EWC) — $17.1M (6.8%) 5. Ishares Msci Brazil ETF (EWZ) — $15.1M (6.0%)

What changes did VPR Management LLC make in its most recent portfolio filing?

In the latest reported quarter, VPR Management LLC made 17 notable position adjustments: 6 new positions were initiated, 6 existing holdings were added to, 3 positions were partially reduced, and 2 were completely exited. The largest of these moves: New buy: Sea Ltd-adr (SE); New buy: Coupang INC (CPNG); New buy: DLocal Limited (DLO); New buy: PagSeguro Digital Ltd. (PAGS); New buy: Nvidia CORP (NVDA)

What sectors does VPR Management LLC focus on?

VPR Management LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Financials: 25.1% • Materials: 24.1% • Energy: 21.3% • Consumer Discretionary: 17.4% • Communication Services: 6.5% • Consumer Staples: 2.8%