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		233,316	$40,883,963	24.42%
2.	Ultrapar Participacoes S A	UGP	14,079,999	$37,030,398	22.12%
3.	Spdr S & P 500 Etf Trust	SPY	48,837	$28,622,389	17.1%
4.	Berkshire Hathaway Inc	BRK.A	31,200	$14,142,336	8.44%
5.	Microsoft Corp	MSFT	24,800	$10,453,200	6.24%