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BW Gestao de Investimentos Ltda.
Period ended Jun 30, 2026 · Latest filing Aug 14, 2026
These quarterly holdings are delayed and may not include all assets or short positions.
Values are from the reporting date, not current prices or purchase costs.
The same security may appear in multiple rows.
Source: SEC
Reported portfolio value
Quarter-end reported holdings; not current value or investment performance.
View reported values
- Jun 30, 2026: $5,052,732,091
More quarters will appear as history becomes available.
Top holdings
Top 10 at Jun 30, 2026. Matching entries are combined; security classes and options remain separate. Shares exclude principal amounts; option shares reflect the reported underlying amount.
View top holdings values
- STATE STR SPDR S&P 500 ETF T · TR UNIT · 78462F103 · shares: $916,826,705
- ISHARES TR · CORE S&P500 ETF · 464287200 · shares: $818,777,164
- MICRON TECHNOLOGY INC · COM · 595112103 · shares · PUT: $248,172,350
- ISHARES TR · RUSSELL 2000 ETF · 464287655 · shares · PUT: $180,270,000
- TESLA INC · COM · 88160R101 · shares · PUT: $105,150,000
- SPACE EXPLORATION TECHN CORP · CLASS A COM STK · 84615Q103 · shares: $100,352,058
- INVESCO QQQ TR · UNIT SER 1 · 46090E103 · shares · PUT: $90,577,200
- RB GLOBAL INC · COM · 74935Q107 · shares: $57,648,340
- TENET HEALTHCARE CORP · COM NEW · 88033G407 · shares: $52,347,042
- ISHARES INC · MSCI BRAZIL ETF · 464286400 · shares · CALL: $51,750,000
Reported holdings
307 reported entries| Issuer | Class | CUSIP | Type | Shares / principal | Reported value (USD) |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | TR UNIT | 78462F103 | — | 1,227,723 shares | $916,826,705 |
| ISHARES TR | CORE S&P500 ETF | 464287200 | — | 1,093,321 shares | $818,777,164 |
| MICRON TECHNOLOGY INC | COM | 595112103 | PUT | 215,000 shares | $248,172,350 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | PUT | 600,000 shares | $180,270,000 |
| TESLA INC | COM | 88160R101 | PUT | 250,000 shares | $105,150,000 |
| SPACE EXPLORATION TECHN CORP | CLASS A COM STK | 84615Q103 | — | 587,335 shares | $100,352,058 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | PUT | 123,000 shares | $90,577,200 |
| RB GLOBAL INC | COM | 74935Q107 | — | 495,048 shares | $57,648,340 |
| TENET HEALTHCARE CORP | COM NEW | 88033G407 | — | 279,811 shares | $52,347,042 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 | CALL | 1,500,000 shares | $51,750,000 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 | PUT | 1,500,000 shares | $51,750,000 |
| MICRON TECHNOLOGY INC | COM | 595112103 | — | 39,210 shares | $45,259,711 |
| MICROSOFT CORP | COM | 594918104 | — | 115,951 shares | $43,252,042 |
| ECOLAB INC | COM | 278865100 | — | 144,856 shares | $40,358,330 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 | PUT | 60,000 shares | $39,353,400 |
| MICROSOFT CORP | COM | 594918104 | CALL | 100,000 shares | $37,302,000 |
| PLANET FITNESS MASTER ISSUER | CL A | 72703H101 | CALL | 700,000 shares | $36,519,000 |
| AMAZON COM INC | COM | 023135106 | — | 146,407 shares | $34,894,644 |
| GLOBAL X FDS | GLOBAL X COPPER | 37954Y830 | — | 453,150 shares | $34,878,956 |
| ECHOSTAR CORP | CL A | 278768106 | — | 320,727 shares | $32,553,791 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 | PUT | 50,000 shares | $32,038,000 |
| SELECT SECTOR SPDR TR | ST STR CARE ETF | 81369Y209 | — | 201,000 shares | $31,890,660 |
| ALPHABET INC | CAP STK CL C | 02079K107 | — | 90,000 shares | $31,799,700 |
| ASML HLDG NV | N Y REGISTRY SHS | N07059210 | — | 15,000 shares | $29,841,600 |
| MEDLINE INC | COM CL A | 58507V107 | — | 690,000 shares | $27,213,600 |
| BLACKSTONE INC | COM | 09260D107 | — | 216,100 shares | $25,428,487 |
| GENERAC HLDGS INC | COM | 368736104 | — | 82,814 shares | $24,248,767 |
| CENTURY ALUM CO | COM | 156431108 | — | 523,162 shares | $24,070,684 |
| SHERWIN WILLIAMS CO | COM | 824348106 | — | 68,562 shares | $23,607,268 |
| PARKER-HANNIFIN CORP | COM | 701094104 | — | 24,026 shares | $23,500,311 |
| NUTANIX INC | CL A | 67059N108 | — | 450,526 shares | $22,958,805 |
| APPLE INC | COM | 037833100 | — | 77,469 shares | $22,416,430 |
| CLARIVATE PLC | ORD SHS | G21810109 | — | 10,041,847 shares | $21,690,390 |
| XCEL ENERGY INC | COM | 98389B100 | — | 256,306 shares | $20,581,372 |
| GLOBAL X FDS | LITHIUM BTRY ETF | 37954Y855 | — | 258,000 shares | $20,196,240 |
| GLOBAL X FDS | GLOBAL X URANIUM | 37954Y871 | — | 446,800 shares | $19,525,160 |
| CONSOLIDATED EDISON INC | COM | 209115104 | — | 170,209 shares | $18,830,222 |
| CORNING INC | COM | 219350105 | — | 72,919 shares | $18,625,700 |
| SOUTHERN CO | COM | 842587107 | — | 193,731 shares | $18,541,994 |
| MOSAIC CO | COM | 61945C103 | — | 873,053 shares | $18,499,993 |
| QUALCOMM INC | COM | 747525103 | CALL | 100,000 shares | $18,479,000 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 | — | 31,052 shares | $18,038,417 |
| FORGENT POWER SOLUTIONS INC | COM SHS CL A | 34631F102 | — | 320,824 shares | $17,921,229 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 | — | 128,353 shares | $17,559,974 |
| CENTERPOINT ENERGY INC | COM | 15189T107 | — | 384,471 shares | $16,932,103 |
| CAPITAL ONE FINL CORP | COM | 14040H105 | — | 82,997 shares | $16,650,858 |
| WILLIAMS COS INC | COM | 969457100 | — | 221,536 shares | $16,468,986 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 | — | 238,968 shares | $16,347,801 |
| TIMKEN CO | COM | 887389104 | — | 110,445 shares | $16,049,867 |
| BLACK HILLS CORP | COM | 092113109 | — | 215,401 shares | $16,025,834 |
| DATADOG INC | CL A COM | 23804L103 | — | 60,915 shares | $15,859,829 |
| US BANCORP | COM NEW | 902973304 | — | 256,730 shares | $15,506,492 |
| RACKSPACE TECHNOLOGY INC | COM | 750102105 | — | 2,340,279 shares | $15,282,022 |
| BANKUNITED INC | COM | 06652K103 | — | 315,000 shares | $15,261,750 |
| ENTERGY CORP NEW | COM | 29364G103 | — | 132,738 shares | $15,246,287 |
| FLAGSTAR BANK NATIONAL ASSOC | COM NEW | 649445400 | — | 1,020,000 shares | $15,238,800 |
| ADVANCE AUTO PARTS INC | COM | 00751Y106 | — | 244,150 shares | $15,191,013 |
| CEREBRAS SYSTEMS INC | COM CL A | 15675D103 | — | 67,718 shares | $14,965,678 |
| SHARKNINJA INC | COM SHS | G8068L108 | — | 96,643 shares | $14,715,830 |
| IDACORP INC | COM | 451107106 | — | 95,582 shares | $14,461,557 |
| SOLV ENERGY INC | COM SHS CL A | 78475V103 | — | 419,201 shares | $14,273,794 |
| NUCOR CORP | COM | 670346105 | — | 63,796 shares | $14,210,559 |
| WELLS FARGO & CO | COM | 949746101 | — | 170,164 shares | $14,062,353 |
| COMFORT SYS USA INC | COM | 199908104 | — | 6,904 shares | $13,683,383 |
| PPL CORP | COM | 69351T106 | — | 372,096 shares | $13,525,690 |
| VENTURE GLOBAL INC | COM CL A | 92333F101 | — | 1,207,486 shares | $13,439,319 |
| GILDAN ACTIVEWEAR INC | COM | 375916103 | — | 258,464 shares | $13,336,742 |
| APPLIED MATLS INC | COM | 038222105 | — | 17,915 shares | $12,952,545 |
| HUT 8 CORP | COM | 44812J104 | — | 110,463 shares | $12,752,401 |
| INNIO NV | ORDINARY SHARES | N52A8C105 | — | 320,000 shares | $12,656,000 |
| FERVO ENERGY CO | CL A COM | 31556C106 | — | 431,147 shares | $12,602,427 |
| CURTISS WRIGHT CORP | COM | 231561101 | — | 16,571 shares | $12,556,841 |
| CATERPILLAR INC | COM | 149123101 | — | 11,720 shares | $12,480,628 |
| INTERNATIONAL FLAVORS&FRAGRA | COM | 459506101 | — | 156,777 shares | $12,419,874 |
| PINNACLE FINL PARTNERS INC | COM | 72348N109 | — | 122,442 shares | $12,351,949 |
| MKS INC. | COM | 55306N104 | — | 27,754 shares | $12,344,979 |
| TPG INC | COM CL A | 872657101 | — | 300,919 shares | $12,202,265 |
| COLUMBIA BKG SYS INC | COM | 197236102 | — | 379,933 shares | $12,176,853 |
| OPTIMUM COMMUNICATIONS INC | CL A | 02156K103 | — | 8,395,938 shares | $12,174,110 |
| ZIONS BANCORPORATION NATL AS | COM | 989701107 | — | 173,904 shares | $12,032,418 |
| VALLEY NATL BANCORP | COM | 919794107 | — | 820,000 shares | $12,013,000 |
| EVERGY INC | COM | 30034W106 | — | 137,915 shares | $11,919,993 |
| ULTRA CLEAN HLDGS INC | COM | 90385V107 | — | 82,843 shares | $11,812,583 |
| UNITI GROUP LLC | COM SHS | 912932100 | — | 1,028,818 shares | $11,800,542 |
| CAPRI HOLDINGS LIMITED | SHS | G1890L107 | — | 631,004 shares | $11,717,744 |
| ALLY FINL INC | COM | 02005N100 | — | 254,950 shares | $11,714,953 |
| H2O AMERICA | COM | 784305104 | — | 185,806 shares | $11,291,431 |
| WASTE CONNECTIONS INC | COM | 94106B101 | — | 67,572 shares | $11,263,577 |
| REVVITY INC | COM | 714046109 | — | 97,046 shares | $10,797,338 |
| SERVICENOW INC | COM | 81762P102 | — | 108,606 shares | $10,782,404 |
| DICKS SPORTING GOODS INC | COM | 253393102 | — | 47,305 shares | $10,729,247 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 | — | 86,399 shares | $10,636,581 |
| UNION PAC CORP | COM | 907818108 | — | 38,800 shares | $10,553,600 |
| QUANTINUUM INC | CL A COM | 74768A104 | — | 128,000 shares | $10,462,720 |
| 3M CO | COM | 88579Y101 | — | 64,051 shares | $10,370,497 |
| SELECT SECTOR SPDR TR | ST STR UTIL ETF | 81369Y886 | — | 225,000 shares | $10,201,500 |
| XEROX HOLDINGS CORP | COM NEW | 98421M106 | — | 3,248,819 shares | $10,168,803 |
| AMEREN CORP | COM | 023608102 | — | 89,379 shares | $10,103,402 |
| UGI CORP NEW | COM | 902681105 | — | 289,830 shares | $10,010,728 |
| DIGITALOCEAN HLDGS INC | COM | 25402D102 | — | 63,393 shares | $9,954,603 |