The following institutional investment holdings of BPAC11.SA have been identified
| Date | ETF ISIN/Name | Num Shares | Book value | Derived Price per Share | Comment |
| 2025-12-11 | IE000OVF8Q66 (iShares Emerging Markets Equity Enhanced Active UCITS ETF USD (Acc)) | 32,407 | BRL 328,298  3.8% | 10.13  Incorrect share price reported. Should be 54.78 not 10.13. May be due to incorrect reporting of currency . Could be EUR or USD instead | |
| 2025-12-11 | IE00B0M63177 (iShares MSCI EM UCITS ETF USD (Dist) USD) | 523,956 | BRL 5,307,920 3.8% | 10.13 Incorrect share price reported. Should be 54.78 not 10.13. May be due to incorrect reporting of currency . Could be EUR or USD instead | IE00B0M63177 incorrectly reporting value of holding as BRL actually is reported in USD |
| 2025-12-11 | IE00B0M63516 (iShares MSCI Brazil UCITS ETF USD (Dist)) | 960,427 | BRL 9,729,575 3.8% | 10.13 Incorrect share price reported. Should be 54.78 not 10.13. May be due to incorrect reporting of currency . Could be EUR or USD instead | IE00B0M63516 incorrectly reporting value of holding as BRL actually is reported in USD |
| 2025-12-11 | IE00B27YCK28 (iShares II Public Limited Company - iShares MSCI EM Latin America UCITS ETF) | 1,630,024 | BRL 16,512,906 3.8% | 10.13 Incorrect share price reported. Should be 54.78 not 10.13. May be due to incorrect reporting of currency . Could be EUR or USD instead | IE00B27YCK28 incorrectly reporting value of holding as BRL actually is reported in USD |
| 2025-12-11 | IE00B4L5YC18 (iShares MSCI EM UCITS ETF USD (Acc)) | 402,440 | BRL 4,076,906 3.8% | 10.13 Incorrect share price reported. Should be 54.78 not 10.13. May be due to incorrect reporting of currency . Could be EUR or USD instead | IE00B4L5YC18 incorrectly reporting value of holding as BRL actually is reported in USD |
| 2025-12-11 | IE00BD45KH83 (iShares Core MSCI EM IMI UCITS ETF USD (Dist) GBP) | 2,913,032 | BRL 29,510,378 3.8% | 10.13 Incorrect share price reported. Should be 54.78 not 10.13. May be due to incorrect reporting of currency . Could be EUR or USD instead | IE00BD45KH83 incorrectly reporting value of holding as BRL actually is reported in USD |
| 2025-12-11 | IE00BFNM3N12 (iShares MSCI EM IMI ESG Screened UCITS ETF USD (Dist)) | 765,466 | BRL 7,754,529 3.8% | 10.13 Incorrect share price reported. Should be 54.78 not 10.13. May be due to incorrect reporting of currency . Could be EUR or USD instead | IE00BFNM3N12 incorrectly reporting value of holding as BRL actually is reported in USD |
| 2025-12-11 | IE00BFNM3P36 (iShares MSCI EM IMI ESG Screened UCITS ETF USD (Acc) GBP) | 765,466 | BRL 7,754,529 3.8% | 10.13 Incorrect share price reported. Should be 54.78 not 10.13. May be due to incorrect reporting of currency . Could be EUR or USD instead | IE00BFNM3P36 incorrectly reporting value of holding as BRL actually is reported in USD |
| 2025-12-11 | IE00BHZPJ122 (iShares MSCI EM ESG Enhanced UCITS ETF USD Inc GBP) | 286,961 | BRL 2,907,049 3.8% | 10.13 Incorrect share price reported. Should be 54.78 not 10.13. May be due to incorrect reporting of currency . Could be EUR or USD instead | IE00BHZPJ122 incorrectly reporting value of holding as BRL actually is reported in USD |
| 2025-12-11 | IE00BHZPJ239 (iShares MSCI EM ESG Enhanced UCITS ETF USD Acc) | 286,961 | BRL 2,907,049 3.8% | 10.13 Incorrect share price reported. Should be 54.78 not 10.13. May be due to incorrect reporting of currency . Could be EUR or USD instead | IE00BHZPJ239 incorrectly reporting value of holding as BRL actually is reported in USD |
| 2025-12-11 | IE00BKM4GZ66 (iShares Core MSCI EM IMI UCITS ETF USD (Acc)) | 2,913,032 | BRL 29,510,378 3.8% | 10.13 Incorrect share price reported. Should be 54.78 not 10.13. May be due to incorrect reporting of currency . Could be EUR or USD instead | IE00BKM4GZ66 incorrectly reporting value of holding as BRL actually is reported in USD |
| Total = | 11,480,172 | BRL 116,299,517 |