Private company
Who owns Freios Master
One company in the researched set discloses a stake in Freios Master, worth $79m between them. Freios Master is private, so no 13F reports it: a 13F covers exchange listed positions only. These figures exist because each holder disclosed the stake in its own filings.
Freios Master - Profile
- Type
- joint venture
- Based in
- Brazil
- Founded
- 1986
Freios Master, trading as Master Sistemas Automotivos, is a Brazilian brake manufacturer based in Caxias do Sul, Rio Grande do Sul, and run as a joint venture between the Brazilian vehicle components group Randoncorp and Cummins. It makes pneumatic and hydraulic braking systems and related control components including valves, brake chambers and ABS units for trucks, buses, trailers and semi trailers, carrying a catalogue of more than 40,000 part references and annual capacity above one million units. Randoncorp supplies the Brazilian commercial vehicle manufacturing base and distribution while Cummins contributes powertrain and braking technology, and the partnership was renewed for a further twenty years. The company marked 40 years and more than 20 million brakes produced in 2026, and expanded into Europe by acquiring the British firm EBS Group in 2024.
Source
Freios Master files nothing with the SEC, so none of this comes from a filer record. The description was written for this site in August 2026 from Master Freios completa 40 anos com mais de 20 milhoes de freios produzidos, Master Freios celebra 40 anos com 20 milhoes de freios produzidos and Randoncorp anuncia aquisicao de empresa britanica referencia em sistemas de freio para veiculos comerciais. The ownership figures below come from the holders' filings instead, and are sourced row by row.
The disclosed stakes
One row per position. Where a holder reports the same company in two share classes, both rows are shown rather than summed, because the class is part of a position's identity.
Where each figure comes from
A private stake has no ownership form behind it, so the source is always the holder's own filing or disclosure. Anything modelled says so, with the arithmetic.
- Cummins Inc., as of 31 Dec 2025. FY2025 10-K NOTE 3, Investments in Equity Investees, states a per-investee carrying value: $79 million at 2025-12-31 (versus $78 million at 2024-12-31). source
What this page is not
It is not a complete register. It lists the holders who happen to be inside the researched set and disclosed the stake themselves. A private company can have many other shareholders, and nothing here rules them out: venture investors, founders and employees usually appear in no public filing at all. Percentages are of Freios Master where a holder stated one, and are missing where no holder did.