DOSSIER · 13F-HR · Q2 2026

Wealth High Governance Capital Ltda

$334M in tracked AUM across 35 positions as of Q2 2026.

WH
CIK 0002028828 · last filed Jun 30, 2026
Total AUM
$334M
as of Q2 2026
Holdings
35
—
positions
Whale Score
59
59
tracked
Activity
—
no data
changes this Q
AI Analysis · Q2 2026

Not a single line in this $333M, 46-stock book survived Q1 2026 untouched: 23 positions were sold to zero, 23 opened fresh, and all 20 survivors were resized. Wealth High Governance Capital Ltda used the full-book rebalance to make one unambiguous factor call — every bank-linked holding (Citigroup, Morgan Stanley, the KRE regional-bank ETF) was liquidated while a precious-metals stack was assembled almost from scratch: Pan American Silver (PAAS) doubled to 5.2% of assets, Alamos Gold and Kinross arrived as new stakes, Barrick grew 80%, and a new $12.4M Freeport-McMoRan position added copper. The lithium-and-solar complex financed part of the switch — SQM sold entirely, Albemarle cut 57%, the TAN solar ETF trimmed 70%.

The other tell is structural: the new No. 1 holding, Comfort Systems USA (FIX) at 5.8%, did not exist in the book 90 days ago, and share counts across unrelated names land on a shared grid — four positions within a rounding error of 87,700 shares, five near 105,200 — the signature of target-weight model sizing rather than bottom-up accumulation. The durable signal in this filing is the factor rotation, not conviction in any single ticker.

The new top holding didn't exist last quarter. Comfort Systems USA (FIX) opened at $19.3M — 5.8% of assets and instantly the largest position. Ross Stores (ROST) tells the same story from the other direction: a 7,795-share tail position in December was multiplied more than elevenfold to 87,691 shares, vaulting from 0.41% of the book to 5.7% and the No. 2 slot. When both the first- and second-largest holdings are effectively 90 days old, the book has no legacy anchor — the entire top of the portfolio is a fresh bet.

The sizing grid says "model," which discounts single-name reads. Share counts across unrelated companies land on a shared grid: Ross Stores, NRG Energy, NextPower and EchoStar all sit within a rounding error of 87,700 shares; SharkNinja, British American Tobacco, Vista Energy, XP and Peabody all cluster near 105,200. That pattern, combined with the zero-carryover rebalance, is the signature of target-weight systematic sizing rather than bottom-up share accumulation. The durable information in this filing is the factor rotation — financials out, monetary and industrial metals in — not conviction in any one ticker.

Analysis generated by 13F Insight from SEC Form 13F filing data · Q2 2026. Methodology

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
GNRC
GENERAC HLDGS INC
$24M83K7.3%
02
GLW
CORNING INC
$18M69K5.3%
03
PH
PARKER-HANNIFIN CORP
$16M17K4.8%
04
TKR
TIMKEN CO
$16M110K4.8%
05
AMD
ADVANCED MICRO DEVICES INC
$16M28K4.8%
06
G8068L108
SHARKNINJA INC
$15M97K4.4%
07
DDOG
DATADOG INC
$14M55K4.3%
08
FIX
COMFORT SYS USA INC
$14M7K4.1%
09
HUT
HUT 8 CORP
$13M110K3.8%
10
CW
CURTISS WRIGHT CORP
$13M17K3.8%

Filing history

2026Q2Jun 30
$334M▲ 0.4%
35 positionsView →
2026Q1Mar 31
$333M▼ 2.4%
46 positionsView →
2025Q4Dec 31
$341M▼ 2.0%
46 positionsView →
2025Q3Sep 30
$348M▲ 8.0%
35 positionsLocked
2025Q2Jun 30
$322M▲ 110.7%
33 positionsLocked
2025Q1Mar 31
$153M▼ 45.1%
26 positionsLocked
2024Q4Dec 31
$279M▼ 2.1%
45 positionsLocked
2024Q3Sep 30
$285M▼ 29.3%
41 positionsLocked
2024Q2Jun 30
$403M▼ 9.9%
41 positionsLocked
2024Q1Mar 31
$447M▲ 92.6%
61 positionsLocked
2023Q4Dec 31
$232M▼ 19.3%
20 positionsLocked
2023Q3Sep 30
$288M▲ 20.6%
20 positionsLocked
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