Instuitional Investor - Bizma Investimentos Ltda

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Invesco Exchange Traded Fd T - S&P500 EQL WGT		558,556	$96,758,656	37.99%
2.	Ultrapar Participacoes S A	UGP	14,079,999	$43,366,397	17.02%
3.	Spdr S & P 500 Etf Trust	SPY	68,191	$38,145,363	14.97%
4.	Ishares Inc	EWA	451,750	$24,058,719	9.44%
5.	Berkshire Hathaway Inc	BRK.A	31,200	$16,616,496	6.52%