Instuitional Investor - Bizma Investimentos Ltda

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf Trust	SPY	172,944	$115,211,834	32.34%
2.	Invesco Exchange Traded Fd T - S&P500 EQL WGT		491,699	$93,275,300	26.18%
3.	Ultrapar Participacoes S A	UGP	14,079,999	$57,727,996	16.2%
4.	Ishares Inc	EWA	451,750	$27,981,395	7.85%
5.	Berkshire Hathaway Inc	BRK.A	31,200	$15,685,488	4.4%