BOVESPA
23 companies
Vale
Mining
Vale is a Brazilian multinational mining corporation and joint venture partner with BHP in the Samarco iron ore mine in Brazil. The company is mention...
Ambev
Beverages
Ambev faces the challenge every dominant organism eventually encounters: the environment shifted and the traits that created dominance now limit adapt...
Americanas
Retail
Americanas collapsed under debt like a population crash after overshoot - rapid expansion outpaced sustainable growth, the organism consuming more res...
Arezzo&Co
Retail
Arezzo owns Brazilian footwear brands like Arezzo, Schutz, Anacapri - portfolio strategy in fashion retail. Multiple labels target different price poi...
B3
Financial Services
B3 operates Brazil's stock exchange—a marketplace where capital seeks returns like pollinators seeking nectar. Their trading platform connects investo...
Banco Bradesco
Banking
Bradesco pulled off a metabolic transformation in 2024-2025 that most mature organisms can't achieve: accelerating profit growth while fundamentally r...
Banco do Brasil
Banking
Banco do Brasil moves government money and rural credit—state-owned infrastructure that reaches Brazil's agricultural interior. They're financial capi...
Banco Santander Brasil
Banking
Santander Brasil lends to consumers and corporations across South America's largest economy. They profit from Brazil's growth cycles while bearing def...
Bradesco
Banking
Brazilian bank Bradesco operates dense branch network like capillary system - fine-grained physical presence reaches underbanked populations digital c...
BRF
Food Processing
BRF processes poultry and pork at industrial scale—slaughter, butcher, package, distribute. They're apex predators in protein supply chains, convertin...
BTG Pactual
Investment Banking
BTG Pactual hunts deals across Latin America—M&A, capital markets, asset management. They're financial predators specialized in emerging markets, expl...
Caixa Seguridade
Insurance
Brazilian insurance arm of Caixa bank—selling policies through 4,000+ branches to captive depositors. Distribution advantage mirrors bee colony access...
CCR
Infrastructure
Brazilian infrastructure conglomerate tunneling through concessions—toll roads, airports, metro lines extracting revenue from captive traffic. Monopol...
Cielo
Fintech
Cielo processes payments across Brazil like vascular networks - card transaction infrastructure extracting fees from merchant-customer flows, dominant...
Embraer
Aerospace
Embraer owns the regional jet niche the way hummingbirds own nectar-feeding: extreme specialization creating insurmountable competitive moats. The com...
Energisa
Electric Utilities
Brazilian electric utility serving 8M customers—distribution concessions in northeast states like territorial monopolies. Regulatory contracts protect...
Itaú Unibanco
Banking
Itaú Unibanco runs the most efficient financial network in Latin America: 22.1% ROE in 2024, BRL 41.4 billion profit, and 99% reduction in high-impact...
JBS
Food Processing
JBS operates at a scale that would be biologically impossible without industrial agriculture: $77.2 billion revenue in 2024 processing cattle, pigs, a...
Klabin
Pulp & Paper
Manages forest plantations through cycles of growth and harvest like ecological succession, converting timber into packaging materials. Their integrat...
Natura & Co
Consumer Goods
In 2024, Natura & Co executed one of retail's most dramatic examples of controlled decomposition. The company recorded an R$8.9 billion net loss, driv...
Petrobras
Oil & Gas
Petrobras built the world's most profitable deep-water drilling capability, then got sabotaged by its own government shareholders. The company achieve...
Suzano
Paper & Pulp
Suzano built the world's largest single pulp production line in 2024—a 2.55 million tonne per year facility in Ribas do Rio Pardo—and revealed what ve...
WEG
Industrial Equipment
WEG manufactures electric motors the way termites build mounds: modular components assembled into complex systems optimized for specific environments....