VanEck Brazil Small-Cap ETF (BRF) Holdings
BRF holdings summary
as of Oct 25, 2026- Holdings
- 68 positions listed
- Top 10 weight
- 29.5% of net assets
- Effective holdings
- 45 equal-weight equivalent
- Largest holding
- SMFT3 3.99% Smartfit Escola de Ginástica e Dança S.A
- Annual turnover
- 41.2% of the portfolio traded
All BRF holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | SMFT3 | Smartfit Escola de Ginástica e Dança S.A | Consumer Cyclical | 3.99% | $1.1M | — | — |
| 2 | CYRE3 | Cyrela Brazil Realty S.A. Empreendimentos e Participações | Consumer Cyclical | 3.49% | $933,598.70 | — | — |
| 3 | ALUP11 | Alupar Investimento SA | Utilities | 3.31% | $884,806.48 | — | — |
| 4 | PAGS | PagSeguro Digital Ltd. | Technology | 3.31% | $884,218.62 | $3.03B | 7.7 |
| 5 | FLRY3 | Fleury S.A. | Healthcare | 3.22% | $860,143.16 | — | — |
| 6 | INTR | Inter & Co, Inc. | Financial Services | 2.90% | $774,502.94 | $2.97B | 10.4 |
| 7 | GGPS3 | GPS Participações e Empreendimentos S.A | Industrials | 2.83% | $756,920.64 | — | — |
| 8 | ORVR3 | Orizon Valorização de Resíduos S.A | Industrials | 2.38% | $634,619.45 | — | — |
| 9 | CURY3 | Cury Construtora e Incorporadora S.A | Real Estate | 2.24% | $598,038.65 | — | — |
| 10 | AURE3 | Auren Energia S.A. | Utilities | 1.87% | $500,267.17 | — | — |
| 11 | JHSF3 | JHSF Participações S.A. | Real Estate | 1.82% | $485,089.75 | — | — |
| 12 | IGTI11 | Jereissati Participações S.A. | Real Estate | 1.70% | $452,971.32 | — | — |
| 13 | MGLU3 | Magazine Luiza S.A | Consumer Cyclical | 1.69% | $452,650.67 | — | — |
| 14 | SID | Companhia Siderúrgica Nacional | Basic Materials | 1.66% | $444,420.66 | $1.47B | — |
| 15 | ECOR3 | EcoRodovias Infraestrutura e Logística S.A | Industrials | 1.64% | $438,515.36 | — | — |
| 16 | JSLG3 | JSL S.A | Industrials | 1.55% | $415,455.29 | — | — |
| 17 | ARCO | Arcos Dorados Holdings Inc. | Consumer Cyclical | 1.54% | $411,901.42 | $1.67B | 6.5 |
| 18 | DIRR3 | Direcional Engenharia S.A. | Real Estate | 1.51% | $402,415.53 | — | — |
| 19 | BRSR6 | Banco do Estado do Rio Grande do Sul S.A | Financial Services | 1.47% | $393,891.59 | — | — |
| 20 | IRBR3 | IRB-Brasil Resseguros S.A. | Financial Services | 1.47% | $392,528.83 | — | — |
| 21 | ITRN | Ituran Location and Control Ltd. | Technology | 1.45% | $388,093.18 | $985.8M | 15.4 |
| 22 | BRAP4 | Bradespar S.A | Financial Services | 1.44% | $384,833.24 | — | — |
| 23 | EZTC3 | EZTEC Empreendimentos e Participações S.A | Real Estate | 1.44% | $383,817.84 | — | — |
| 24 | SLCE3 | SLC Agrícola S.A | Consumer Defensive | 1.38% | $369,896.30 | — | — |
| 25 | VAMO3 | Vamos Locação de Caminhões Máquinas e Equipamentos S.A | Industrials | 1.36% | $362,574.79 | — | — |
| 26 | SLVM | Sylvamo Corporation | Basic Materials | 1.33% | $355,680.82 | $1.30B | 17.4 |
| 27 | UNIP6 | Unipar Carbocloro S.A | Basic Materials | 1.30% | $348,386.04 | — | — |
| 28 | POMO4 | Marcopolo S.A | Industrials | 1.25% | $334,036.96 | — | — |
| 29 | MOVI3 | Movida Participações S.A | Industrials | 1.24% | $330,857.18 | — | — |
| 30 | SMTO3 | São Martinho S.A | Basic Materials | 1.23% | $328,425.59 | — | — |
| 31 | USIM5 | Usinas Siderúrgicas de Minas Gerais S.A. | Basic Materials | 1.23% | $328,345.42 | — | — |
| 32 | ABCB4 | Banco ABC Brasil S.A | Financial Services | 1.17% | $313,274.88 | — | — |
| 33 | KAR | Karoon Energy Ltd | Energy | 1.12% | $300,609.21 | — | — |
| 34 | ALPA4 | Alpargatas S.A. | Consumer Cyclical | 1.00% | $266,032.47 | — | — |
| 35 | HAPV3 | Hapvida Participações e Investimentos S.A. | Financial Services | 0.96% | $256,867.23 | — | — |
| 36 | TEND3 | Construtora Tenda S.A | Real Estate | 0.95% | $254,141.71 | — | — |
| 37 | MDIA3 | M. Dias Branco S.A. Indústria e Comércio de Alimentos | Consumer Defensive | 0.94% | $250,400.79 | — | — |
| 38 | DTEX3 | Duratex S.A | Basic Materials | 0.91% | $242,865.52 | — | — |
| 39 | SGMA | Sigma Lithium Resources Corp | Basic Materials | 0.90% | $240,647.70 | — | — |
| 40 | MDNE3 | Moura Dubeux Engenharia S.A | Real Estate | 0.86% | $229,585.28 | — | — |
| 41 | LEVE3 | MAHLE Metal Leve S.A | Consumer Cyclical | 0.85% | $226,699.43 | — | — |
| 42 | MRVE3 | MRV Engenharia e Participações S.A | Real Estate | 0.82% | $217,828.12 | — | — |
| 43 | BEEF3 | Minerva S.A | Consumer Defensive | 0.79% | $211,495.28 | — | — |
| 44 | GMAT3 | Grupo Mateus S.A | Consumer Cyclical | 0.76% | $204,360.82 | — | — |
| 45 | LIGT3 | Light S.A | Utilities | 0.75% | $201,287.93 | — | — |
| 46 | PGMN3 | Empreendimentos Pague Menos S.A | Healthcare | 0.74% | $196,959.16 | — | — |
| 47 | INTB3 | Intelbras S.A. - Indústria de Telecomunicação Eletrônica Brasileira | Industrials | 0.74% | $196,611.79 | — | — |
| 48 | AFYA | Afya Limited | Consumer Defensive | 0.67% | $177,960.65 | $1.29B | 8.9 |
| 49 | VINP | Vinci Partners Investments Ltd. | Financial Services | 0.63% | $169,516.88 | $717.6M | 9.3 |
| 50 | X84 | Brazilian Rare Earths Limited | Basic Materials | 0.59% | $158,213.97 | — | — |
| 51 | VULC3 | Vulcabras Azaleia S.A | Consumer Cyclical | 0.56% | $149,342.66 | — | — |
| 52 | PNVL3 | Dimed S.A. Distribuidora de Medicamentos | Healthcare | 0.51% | $136,409.78 | — | — |
| 53 | RAPT4 | Randon S.A. Implementos e Participações | Industrials | 0.49% | $132,241.33 | — | — |
| 54 | MILS3 | Mills Estruturas e Serviços de Engenharia S.A | Industrials | 0.48% | $129,355.48 | — | — |
| 55 | PICS | Picpay Holdings Netherlands N.V. Class A Common Shares | Technology | 0.48% | $128,153.05 | $1.71B | 6.8 |
| 56 | PINE4 | Banco Pine S.A | Financial Services | 0.44% | $117,010.47 | — | — |
| 57 | FESA4 | Cia de Ferro Ligas da Bahia - FERBASA | Basic Materials | 0.42% | $113,242.83 | — | — |
| 58 | HBSA3 | Hidrovias do Brasil S.A | Industrials | 0.42% | $112,761.86 | — | — |
| 59 | TUPY3 | Tupy S.A | Industrials | 0.41% | $109,876.01 | — | — |
| 60 | GRND3 | Grendene S.A | Consumer Cyclical | 0.40% | $105,948.05 | — | — |
| 61 | AGRO3 | BrasilAgro - Companhia Brasileira de Propriedades Agrícolas | Consumer Defensive | 0.36% | $96,301.83 | — | — |
| 62 | VTEX | VTEX | Technology | 0.36% | $95,286.44 | $716.0M | 24.7 |
| 63 | RANI3 | Irani Papel e Embalagem S.A | Consumer Cyclical | 0.35% | $93,790.07 | — | — |
| 64 | AGRO | Adecoagro S.A. | Consumer Defensive | 0.31% | $83,502.56 | $1.45B | 25.7 |
| 65 | TGMA3 | Tegma Gestão Logística S.A | Industrials | 0.30% | $79,921.97 | — | — |
| 66 | FRAS3 | Fras-le S.A | Consumer Cyclical | 0.29% | $76,688.75 | — | — |
| 67 | CAML3 | Camil Alimentos S.A | Consumer Defensive | 0.28% | $73,615.86 | — | — |
| 68 | BAK | Braskem S.A. | Basic Materials | 0.20% | $53,361.48 | $375.1M | — |
Weights as a percentage of net assets. Value held = weight × net assets ($26.7M). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
BRF sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Industrials | 15.1% | 13 | GGPS3, ORVR3, ECOR3 |
| Consumer Cyclical | 14.9% | 11 | SMFT3, CYRE3, MGLU3 |
| Real Estate | 11.3% | 8 | CURY3, JHSF3, IGTI11 |
| Financial Services | 10.5% | 8 | INTR, BRSR6, IRBR3 |
| Basic Materials | 9.8% | 10 | SID, SLVM, UNIP6 |
| Utilities | 5.9% | 3 | ALUP11, AURE3, LIGT3 |
| Technology | 5.6% | 4 | PAGS, ITRN, PICS |
| Consumer Defensive | 4.7% | 7 | SLCE3, MDIA3, BEEF3 |
| Healthcare | 4.5% | 3 | FLRY3, PGMN3, PNVL3 |
| Energy | 1.1% | 1 | KAR |
Sum of the weights of the holdings in each sector.
BRF top industries
BRF overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| IWM | iShares Russell 2000 ETF | 0.1% | 2 of 1,962 | 0.19% |
| VXUS | Vanguard Total International Stock ETF | 0.1% | 47 of 8,035 | 0.05% |
| VTI | Vanguard Total Stock Market ETF | 0.0% | 2 of 2,941 | 0.03% |
| SPY | SPDR S&P 500 ETF | 0.0% | 0 of 502 | 0.09% |
| QQQ | Invesco QQQ ETF | 0.0% | 0 of 101 | 0.17% |
| DIA | SPDR Dow Jones Industrial Average ETF | 0.0% | 0 of 30 | 0.16% |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the BRF portfolio
VanEck Brazil Small-Cap ETF holds 68 positions. The ten largest make up 29.5% of the fund and the top 50 76.4%, so it behaves like a portfolio of about 45 equally weighted positions. The biggest positions are Smartfit Escola de Ginástica e Dança S.A (3.99%), Cyrela Brazil Realty S.A. Empreendimentos e Participações (3.49%), Alupar Investimento SA (3.31%), PagSeguro Digital Ltd. (3.31%), Fleury S.A. (3.22%).
By sector, Industrials is 15.1%, Consumer Cyclical is 14.9%, Real Estate is 11.3%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 25, 2026; positions change as the fund rebalances.
Related: BRF chart, BRF performance, BRF dividends, BRF overview.
BRF holdings FAQ
How many holdings does BRF have?
BRF holds 68 positions as of October 25, 2026.
What are the top 10 holdings of BRF?
The ten largest holdings are Smartfit Escola de Ginástica e Dança S.A (3.99%), Cyrela Brazil Realty S.A. Empreendimentos e Participações (3.49%), Alupar Investimento SA (3.31%), PagSeguro Digital Ltd. (3.31%), Fleury S.A. (3.22%), Inter & Co, Inc. (2.90%), GPS Participações e Empreendimentos S.A (2.83%), Orizon Valorização de Resíduos S.A (2.38%), Cury Construtora e Incorporadora S.A (2.24%), Auren Energia S.A. (1.87%). Together they are 29.5% of the fund.
What percentage of BRF is Smartfit Escola de Ginástica e Dança S.A?
Smartfit Escola de Ginástica e Dança S.A is the largest holding at 3.99% of net assets, about $1.1M of the fund's $26.7M.
Which sector is the largest in BRF?
Industrials is the largest sector at 15.1%, followed by Consumer Cyclical (14.9%) and Real Estate (11.3%), based on the sectors of the individual holdings.
How concentrated is BRF?
The top 10 holdings are 29.5% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) BRF behaves like a portfolio of about 45 equally weighted positions.