As the market sells off, the manager increases his holdings in Brazilian stocks this week; see which ones are Money Times

A BlackRock It has increased its stake in at least three Brazilian companies in recent weeks, according to the latest filings published in CVM (Securities Commission).

Already Ibovespa ended the period on a melancholic note, down 2.24% for the week. The index is at the level of 113 thousand points.

Markets continue to closely monitor the development of the war taking place in the Middle East between Israel d Hamaswhile US Treasury yields are rising and hurting variable income returns.

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BlackRock buys Cogna

Last Friday (20), the manager increased his stake in the Relatives (COGN3).

BlackRock purchased the cash-settled derivatives referred to in the ordinary actions issued by Cogna, called CFDS (contracts for difference).

As a result, the manager’s holdings in the aggregate achieved:

• 94,284,974 CFDs, representing approximately 5.024% of the total number of common shares issued by the company; This
• 167,950,859 common shares, representing approximately 8.949% of the total number of common shares issued by the company.

In the correspondence with Cogna, BlackRock emphasized that the purpose of the aforementioned stakes is solely for investment purposes, and not to change the control of the stake or the administrative structure of the company.

Cogna fell 5.53% for the week.

• How might falling gasoline prices affect inflation-linked assets? Watch Market Giro this Friday (20) and find out more, just click here:
  

Yduqs, a stock that rises during the year but falls during the week

Last Monday (16), BlackRock announced an increase in participation in Iduki (YDUQ3) to 5.013%. As a result, the manager now owns 15.4 million common shares and 2.6 million financial instruments.

The role of Iduki rose 84% but fell 7.46% for the week due to poor market sentiment.

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Lojas Renner, on the same level as the Dilma era

On the 13th, the head reported an increase in the share in the village Renner Stores (LREN3) up to 10%. As a result, the world’s largest manager now owns 97 million shares of the company’s common stock.

“The purpose of the share split referred to above is solely for investment purposes and not for a change in shareholding control or the company’s administrative structure,” he explained in a statement.

The stock has fallen another 5% over the past five sessions and is now down 36% for the year.

Shares are trading at R$12.22, the lowest level since 2016, the year the president was impeached Dilma Rousseff and a period when the country was in recession.

This year, in addition to future interest rates that have soared in recent weeks due to U.S. bond yields, a possible suspension of interest payments on the stock is weighing against the company.

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