Instuitional Investor - Bizma Investimentos Ltda

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf Trust	SPY	182,445	$118,651,282	32.98%
2.	Invesco Exchange Traded Fd T - S&P500 EQL WGT		427,975	$82,136,962	22.83%
3.	Ultrapar Holdings Inc	UGP	12,727,222	$63,682,199	17.7%
4.	Ishares Inc	EEM	451,750	$28,297,620	7.86%
5.	Berkshire Hathaway Inc	BRK-B	23,177	$11,106,418	3.09%