Instuitional Investor - Turim 21 Investimentos Ltda.

Filing Period:
No. Security Ticker Shares Value % Port
1. SPY 223,591 $106,271,817 33.97%
2.
Invesco S&P 500 Equal Weight
385,255 $60,793,239 19.43%
3. VALE 3,131,646 $49,667,906 15.87%
4. IEF 39,159 $22,558,090 7.21%
5. MSFT 49,613 $18,656,473 5.96%