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Asset Manager ← All Institutions

BW Gestao de Investimentos Ltda.

AV. BRIGADEIRO FARIA LIMA, 4440 15TH FLOOR, SAO PAULO, D5 04538-132 • 55 11 3095 2832

Q2 2025 · Filed 2025-08-14
Market Value
$892M
+13.4%
Holdings
104
-31
New Purchases
29
Added To
32
Closed
31
Reduced
6
Top 10 Concentration
43.1%
Turnover
57.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
KRE 3.26% 0.00% +3.26% $29M
XLV 3.46% 0.21% +3.25% $31M
NRG 2.73% 0.28% +2.46% $24M
XLF 2.27% 0.00% +2.27% $20M
AMZN 2.99% 1.23% +1.76% $27M
GLOB 4.35% 2.74% +1.61% $39M
META 1.88% 0.28% +1.60% $17M
NTNX 4.36% 3.15% +1.21% $39M
FOUR 4.69% 3.49% +1.20% $42M
MSFT 3.10% 1.91% +1.19% $28M
ONON 1.33% 0.17% +1.16% $12M
QQQ 1.16% 0.00% +1.16% $10M
AVGO 1.64% 0.49% +1.16% $15M
IFF 1.06% 0.00% +1.06% $9M
PLNT 1.04% 0.00% +1.04% $9M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
EWZ 0.00% 8.21% -8.21% $0
ORCL 0.00% 5.34% -5.34% $0
TLN 0.00% 4.10% -4.10% $0
VST 0.00% 2.59% -2.59% $0
CROX 0.00% 2.08% -2.08% $0
TSM 0.00% 2.01% -2.01% $0
APG 0.00% 1.81% -1.81% $0
EQH 0.00% 1.44% -1.44% $0
R 0.00% 1.37% -1.37% $0
CZR 0.00% 1.16% -1.16% $0
ALB 0.00% 1.07% -1.07% $0
DECK 0.00% 1.03% -1.03% $0
COPX 0.00% 0.94% -0.94% $0
GDX 0.00% 0.89% -0.89% $0
TSLA 0.00% 0.65% -0.65% $0

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 29.6%
Technology 18.3%
Basic Materials 12.2%
Utilities 11.3%
Industrials 8.4%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 12 $114M 12.8%
Large Cap 53 $397M 44.4%
Mid Cap 30 $234M 26.2%
Small Cap 9 $148M 16.6%

Portfolio Analytics

Avg Market Cap
$305.1B
Median Market Cap
$16.6B
Avg P/E
34.1
Median P/E
24.2
Avg Dividend Yield
0.01%
Avg Beta
1.21
# Stocks
93
# ETFs / Funds
11

Top Holdings (104 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 THC 8.48% 429,855 $76M $176.00 $4M -99,930 -18.9%
2 FOUR 4.69% 421,927 $42M $99.11 $14M +85,927 +25.6%
3 PRGO 4.40% 1,469,524 $39M $26.72 $3M +171,080 +13.2%
4 NTNX 4.36% 508,556 $39M $76.44 $14M +153,749 +43.3%
5 GLOB 4.35% 427,828 $39M $90.84 $17M +244,628 +133.5%
6 ECL 3.85% 127,505 $34M $269.44 $6M +16,000 +14.3%
7 XLV 3.46% 229,000 $31M $134.79 $29M +217,708 +1928.0%
8 KRE 3.26% 489,562 $29M $59.39 — +489,562 — NEW
9 ALIT 3.17% 4,991,011 $28M $5.66 $7M +1,398,884 +38.9%
10 MSFT 3.10% 55,685 $28M $497.41 $13M +15,579 +38.8%
11 AMZN 2.99% 121,496 $27M $219.39 $17M +70,814 +139.7%
12 NRG 2.73% 152,000 $24M $160.58 $22M +129,200 +566.7%
13 AER 2.54% 194,045 $23M $117.00 $3M +5,000 +2.6%
14 GT 2.45% 2,104,785 $22M $10.37 $2M -20,881 -1.0%
15 CPRI 2.44% 1,228,299 $22M $17.70 -$996K +75,879 +6.6%
16 BX 2.33% 139,230 $21M $149.58 $4M +18,514 +15.3%
17 XLF 2.27% 387,400 $20M $52.37 — +387,400 — NEW
18 KWEB 2.26% 586,800 $20M $34.33 $8M +247,800 +73.1%
19 AMTM 1.89% 715,065 $17M $23.61 $10M +320,665 +81.3%
20 META 1.88% 22,700 $17M $738.09 $15M +18,899 +497.2%
21 NOG 1.64% 517,641 $15M $28.35 $538K +50,000 +10.7%
22 AVGO 1.64% 53,200 $15M $275.65 $11M +30,400 +133.3%
23 CVS 1.62% 210,000 $14M $68.98 $4M +60,000 +40.0%
24 PATH 1.57% 1,092,150 $14M $12.80 $3M +24,450 +2.3%
25 PENN 1.45% 726,182 $13M $17.87 $2M +26,182 +3.7%
26 CLVT 1.38% 2,865,021 $12M $4.30 -$544K -408,154 -12.5%
27 ONON 1.33% 228,000 $12M $52.05 $11M +197,600 +650.0%
28 CALF 1.30% 291,259 $12M $39.81 $674K — —
29 GOOGL 1.27% 64,071 $11M $176.23 $7M +34,500 +116.7%
30 CCL 1.20% 379,999 $11M $28.12 $7M +189,998 +100.0%
31 QQQ 1.16% 18,764 $10M $551.64 — +18,764 — NEW
32 IFF 1.06% 128,225 $9M $73.55 — +128,225 — NEW
33 PLNT 1.04% 85,061 $9M $109.05 — +85,061 — NEW
34 WCN 1.03% 49,458 $9M $186.72 $2M +10,752 +27.8%
35 CLS 0.93% 53,200 $8M $156.11 $7M +30,400 +133.3%
36 EPAM 0.82% 41,300 $7M $176.82 $330K — —
37 SRAD 0.78% 247,000 $7M $28.08 $6M +216,600 +712.5%
38 EQT 0.62% 95,001 $6M $58.32 -$551K -19,000 -16.7%
39 CPA 0.62% 50,000 $5M $109.97 — +50,000 — NEW
40 HLI 0.61% 30,400 $5M $179.95 — +30,400 — NEW
41 DNN 0.60% 2,930,000 $5M $1.82 — +2,930,000 — NEW
42 EXE 0.60% 45,600 $5M $116.94 — +45,600 — NEW
43 VTEX 0.55% 746,757 $5M $6.60 $5M +693,457 +1301.0%
44 AMD 0.54% 34,200 $5M $141.90 — +34,200 — NEW
45 SHW 0.50% 12,914 $4M $343.36 $2M +4,750 +58.2%
46 PAAS 0.48% 151,999 $4M $28.40 — +151,999 — NEW
47 ELF 0.48% 34,200 $4M $124.44 — +34,200 — NEW
48 JEF 0.47% 76,000 $4M $54.69 — +76,000 — NEW
49 XP 0.46% 204,177 $4M $20.20 $1M +4,177 +2.1%
50 EAT 0.46% 22,800 $4M $180.33 $2M +7,600 +50.0%
51 AGI 0.45% 152,000 $4M $26.56 — +152,000 — NEW
52 MELI 0.45% 1,520 $4M $2,613.63 — +1,520 — NEW
53 CW 0.42% 7,600 $4M $488.55 — +7,600 — NEW
54 CYBR 0.35% 7,600 $3M $406.88 — +7,600 — NEW
55 CCJ 0.33% 40,000 $3M $74.23 — +40,000 — NEW
56 AEM 0.30% 22,800 $3M $118.93 — +22,800 — NEW
57 NXE 0.30% 388,200 $3M $6.94 — +388,200 — NEW
58 UAL 0.27% 30,400 $2M $79.63 $2M +19,000 +166.7%
59 RBLX 0.27% 22,800 $2M $105.20 — +22,800 — NEW
60 HPE 0.26% 114,000 $2M $20.45 — +114,000 — NEW
61 IE 0.26% 253,223 $2M $9.07 — +253,223 — NEW
62 FCX 0.18% 38,000 $2M $43.35 — +38,000 — NEW
63 AAPL 0.18% 7,966 $2M $205.17 -$135K — —
64 LOW 0.17% 6,965 $2M $221.87 -$79K — —
65 CVNA 0.14% 3,800 $1M $336.96 — +3,800 — NEW
66 EC 0.11% 114,000 $1M $8.85 -$181K — —
67 CPRT 0.10% 18,655 $915K $49.07 — +18,655 — NEW
68 E 0.09% 25,000 $810K $32.42 — +25,000 — NEW
69 UEC 0.08% 100,000 $680K $6.80 — +100,000 — NEW
70 MPT 0.06% 120,000 $517K $4.31 -$206K — —
71 RIG 0.04% 150,000 $388K $2.59 — +150,000 — NEW
72 EDN 0.04% 14,558 $386K $26.49 -$176K -3,842 -20.9%
73 VIST 0.04% 7,332 $351K $47.81 -$699K -15,200 -67.5%
74 CIB —% — — — -$508K -12,634 -100.0% SOLD
75 CENX —% — — — -$705K -38,001 -100.0% SOLD
76 EQH —% — — — -$11M -216,943 -100.0% SOLD
77 DECK —% — — — -$8M -72,800 -100.0% SOLD
78 VST —% — — — -$20M -173,490 -100.0% SOLD
79 COPX —% — — — -$7M -190,001 -100.0% SOLD
80 IGV —% — — — -$3M -30,000 -100.0% SOLD
81 HRB —% — — — -$1M -20,100 -100.0% SOLD
82 NVDA —% — — — -$412K -3,800 -100.0% SOLD
83 TECK —% — — — -$4M -103,990 -100.0% SOLD
84 TSM —% — — — -$16M -95,200 -100.0% SOLD
85 SE —% — — — -$2M -15,200 -100.0% SOLD
86 SQM —% — — — -$3M -80,000 -100.0% SOLD
87 CZR —% — — — -$9M -364,096 -100.0% SOLD
88 TLN —% — — — -$32M -161,758 -100.0% SOLD
89 ARKK —% — — — -$1M -24,667 -100.0% SOLD
90 CROX —% — — — -$16M -154,131 -100.0% SOLD
91 APP —% — — — -$3M -11,400 -100.0% SOLD
92 CMG —% — — — -$2M -39,000 -100.0% SOLD
93 SCI —% — — — -$2M -22,300 -100.0% SOLD
94 TSLA —% — — — -$5M -19,700 -100.0% SOLD
95 WEN —% — — — -$1M -69,000 -100.0% SOLD
96 GDX —% — — — -$7M -152,000 -100.0% SOLD
97 EWZ —% — — — -$65M -2,500,000 -100.0% SOLD
98 R —% — — — -$11M -75,054 -100.0% SOLD
99 MUSA —% — — — -$1M -2,800 -100.0% SOLD
100 APG —% — — — -$14M -399,230 -100.0% SOLD

Options Breakdown

22 Calls $458M Call Value 11 Puts $841M Put Value 1.84 P/C Ratio

Top Calls

SymbolSharesValueStatus
IWM 300,000 $65M
SPY 100,000 $62M
EWZ 2,000,000 $58M
THC 300,000 $53M
PCG 2,800,000 $39M NEW
CVS 500,000 $34M NEW
ARKK 450,000 $32M
FOUR 300,000 $30M
EIX 468,000 $24M NEW
NTNX 260,000 $20M

Top Puts

SymbolSharesValueStatus
SPY 590,000 $365M
IWM 1,100,000 $237M
ARKK 1,000,000 $70M NEW
QQQ 100,000 $55M
TSLA 93,500 $30M
HYG 305,000 $25M
XRT 300,000 $23M NEW
ITB 200,000 $19M NEW
KRE 300,000 $18M NEW
FEZ — $0 SOLD

New Positions

SymbolValue% Port
KRE $29M 3.26%
XLF $20M 2.27%
QQQ $10M 1.16%
IFF $9M 1.06%
PLNT $9M 1.04%
CPA $5M 0.62%
HLI $5M 0.61%
DNN $5M 0.60%
EXE $5M 0.60%
AMD $5M 0.54%
PAAS $4M 0.48%
ELF $4M 0.48%
JEF $4M 0.47%
AGI $4M 0.45%
MELI $4M 0.45%

Sold Out Positions

SymbolValue% Port
YUM — —%
ALB — —%
HRB — —%
DECK — —%
CMG — —%
SE — —%
MUSA — —%
VST — —%
SQM — —%
TECK — —%
SCI — —%
R — —%
EQH — —%
APG — —%
CIB — —%
View SEC EDGAR Filings for BW Gestao de Investimentos Ltda. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms