B3'S Q3 Was Pressured By Derivatives, But The Name Remains Resilient

Group 1 - The article highlights a cyclical decrease in the size of the equity business and a sequential decline in Long-only investment strategies, focusing on operational evaluations of companies from a buy-and-hold perspective [1] - Quipus Capital emphasizes a long-term view on earnings power and competitive dynamics rather than market-driven price actions, indicating a preference for holding companies regardless of future price movements [1] - The majority of Quipus Capital's recommendations will be holds, reflecting a cautious approach in a bullish market, with only a small fraction of companies deemed suitable for buying at any given time [1]