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Asset Manager ← All Institutions

BTG Pactual Asset Management US LLC

Q4 2025 · Filed 2026-02-17
Market Value
$890M
+6.2%
Holdings
327
+54
New Purchases
98
Added To
70
Closed
108
Reduced
37
Top 10 Concentration
45.7%
Turnover
63.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
EVRG 1.45% 0.00% +1.45% $13M
DTE 1.34% 0.00% +1.34% $12M
WEC 1.24% 0.00% +1.24% $11M
BRK-B 2.64% 1.72% +0.93% $24M
TSM 1.76% 0.91% +0.84% $16M
D 0.78% 0.00% +0.78% $7M
OGE 1.63% 0.85% +0.78% $15M
XEL 1.57% 0.80% +0.77% $14M
OGS 0.75% 0.00% +0.75% $7M
XLV 2.35% 1.63% +0.72% $21M
UTES 0.68% 0.01% +0.67% $6M
LLY 1.18% 0.55% +0.63% $11M
CNP 1.28% 0.67% +0.62% $11M
EOG 0.59% 0.00% +0.59% $5M
HIG 0.51% 0.00% +0.51% $5M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SPY 15.16% 18.07% -2.91% $135M
IWF 8.52% 10.43% -1.91% $76M
NOW 0.13% 1.42% -1.29% $1M
MSFT 1.10% 2.17% -1.07% $10M
CYBR 0.00% 1.06% -1.06% $0
LNT 0.00% 0.98% -0.98% $0
DUK 0.29% 1.21% -0.93% $3M
K 0.00% 0.81% -0.81% $0
NVDA 2.24% 2.96% -0.71% $20M
FYBR 0.00% 0.64% -0.64% $0
STIP 0.07% 0.57% -0.50% $614K
AWK 0.00% 0.42% -0.42% $0
LQD 0.25% 0.65% -0.40% $2M
JPM 2.02% 2.38% -0.37% $18M
GLD 1.67% 2.00% -0.33% $15M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 40 $350M 39.3%
Large Cap 184 $476M 53.5%
Mid Cap 69 $54M 6.0%
Small Cap 28 $10M 1.1%
Micro Cap 6 $607K 0.1%

Portfolio Analytics

Avg Market Cap
$179.1B
Median Market Cap
$24.5B
Avg P/E
24.6
Median P/E
19.3
Avg Dividend Yield
0.03%
Avg Beta
0.84
# Stocks
200
# ETFs / Funds
127

Top Holdings (327 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 SPY 15.16% 197,917 $135M $681.92 -$16M -29,383 -12.9%
2 IWF 8.52% 178,572 $76M $424.58 -$12M -27,252 -13.2%
3 MGK 3.85% 93,608 $34M $366.17 -$161K -440 -0.5%
4 MGV 2.86% 194,054 $25M $131.20 -$1M -9,292 -4.6%
5 GOOG 2.80% 79,297 $25M $313.80 $3M -11,003 -12.2%
6 BRK-B 2.64% 46,805 $24M $502.65 $9M +17,183 +58.0%
7 VGK 2.64% 303,249 $24M $77.50 -$115K -1,483 -0.5%
8 AMZN 2.59% 99,865 $23M $230.82 $3M +10,622 +11.9%
9 XLV 2.35% 134,367 $21M $155.68 $7M +32,797 +32.3%
10 NVDA 2.24% 107,118 $20M $186.50 -$5M -25,679 -19.3%
11 JPM 2.02% 55,683 $18M $322.22 -$2M -7,654 -12.1%
12 TSM 1.76% 51,426 $16M $303.89 $8M +24,034 +87.7%
13 GLD 1.67% 37,598 $15M $396.31 -$2M -9,540 -20.2%
14 OGE 1.63% 340,268 $15M $42.70 $7M +185,858 +120.4%
15 XEL 1.57% 189,188 $14M $73.86 $7M +105,726 +126.7%
16 EVRG 1.45% 178,628 $13M $72.49 +178,628 NEW
17 VO 1.43% 45,466 $13M $279.83 $455K +1,627 +3.7%
18 DTE 1.34% 92,354 $12M $128.98 +92,354 NEW
19 V 1.33% 33,743 $12M $350.71 $3M +8,518 +33.8%
20 META 1.30% 17,592 $12M $660.09 -$553K +1,027 +6.2%
21 CNP 1.28% 297,658 $11M $38.34 $6M +154,039 +107.3%
22 WEC 1.24% 104,975 $11M $105.46 +104,975 NEW
23 LLY 1.18% 9,799 $11M $1,074.68 $6M +3,765 +62.4%
24 MSFT 1.10% 20,296 $10M $483.62 -$8M -14,773 -42.1%
25 EWJ 1.02% 114,392 $9M $79.29 -$268K -3,384 -2.9%
26 AEP 1.01% 78,196 $9M $115.31 $3M +28,862 +58.5%
27 EXC 1.01% 206,408 $9M $43.59 $2M +46,401 +29.0%
28 CEG 1.00% 25,297 $9M $353.27 $889K +840 +3.4%
29 VWO 0.99% 178,750 $9M $49.46 -$1M -28,120 -13.6%
30 GEV 0.99% 13,523 $9M $653.57 $1M +882 +7.0%
31 PNW 0.89% 89,414 $8M $88.70 $2M +20,092 +29.0%
32 VB 0.81% 30,244 $7M $236.98 $235K +992 +3.4%
33 D 0.78% 119,040 $7M $58.59 +119,040 NEW
34 OGS 0.75% 86,408 $7M $77.25 +86,408 NEW
35 VST 0.71% 39,323 $6M $161.33 -$1M -243 -0.6%
36 URI 0.70% 7,704 $6M $809.32 -$381K +774 +11.2%
37 VFH 0.68% 47,692 $6M $127.30 $205K +1,613 +3.5%
38 UTES 0.68% 75,963 $6M $79.58 $6M +74,630 +5598.6%
39 AEE 0.67% 60,150 $6M $99.86 -$2M -18,145 -23.2%
40 VHT 0.65% 23,259 $6M $248.34 $471K +1,898 +8.9%
41 VGT 0.64% 8,647 $6M $663.28 -$513K -774 -8.2%
42 MLPX 0.63% 89,850 $6M $62.66 $186K +2,972 +3.4%
43 CRWD 0.60% 11,457 $5M $468.76 -$316K +69 +0.6%
44 EOG 0.59% 50,438 $5M $105.01 +50,438 NEW
45 ABBV 0.59% 22,878 $5M $228.49 -$251K -784 -3.3%
46 VTEB 0.52% 94,562 $5M $49.03 $777K +15,856 +20.1%
47 HIG 0.51% 32,886 $5M $137.80 +32,886 NEW
48 TIGO 0.49% 78,787 $4M $55.44 $2M +14,850 +23.2%
49 IHS 0.48% 578,278 $4M $7.46 $1M +113,773 +24.5%
50 PCG 0.46% 253,152 $4M $16.07 +253,152 NEW
51 PEG 0.45% 49,942 $4M $80.30 +49,942 NEW
52 EPP 0.45% 80,384 $4M $49.37 -$127K -2,577 -3.1%
53 AM 0.42% 211,628 $4M $17.79 +211,628 NEW
54 SUNC 0.42% 75,526 $4M $49.28 +75,526 NEW
55 VNQ 0.39% 39,303 $3M $88.49 -$10K +140 +0.4%
56 HCA 0.39% 7,426 $3M $466.86 $1000K +286 +4.0%
57 CVX 0.38% 22,230 $3M $152.41 +22,230 NEW
58 AMLP 0.37% 67,158 $3M $48.86 $6K +118 +0.2%
59 MUNI 0.33% 57,651 $3M $51.36 $348K +6,774 +13.3%
60 CNQ 0.33% 86,373 $3M $33.86 +86,373 NEW
61 SYK 0.33% 7,802 $3M $372.25 $8K +21 +0.3%
62 BK 0.29% 22,230 $3M $116.09 $2M +17,682 +388.8%
63 RPRX 0.29% 66,694 $3M $38.64 $420K +5,563 +9.1%
64 DUK 0.29% 21,739 $3M $117.21 -$8M -60,437 -73.5%
65 DHT 0.28% 205,782 $3M $12.21 +205,782 NEW
66 GOOGL 0.28% 7,840 $2M $313.00 $2M +5,532 +239.7%
67 CM 0.27% 26,446 $2M $90.61 +26,446 NEW
68 TAC 0.27% 186,980 $2M $12.65 $2M +135,502 +263.2%
69 USHY 0.25% 60,725 $2M $36.81 $477K +12,968 +27.1%
70 LQD 0.25% 19,902 $2M $110.66 -$3M -29,470 -59.7%
71 AVGO 0.25% 6,321 $2M $346.10 $959K +2,598 +69.8%
72 EMLP 0.23% 55,680 $2M $37.51 $137K +3,645 +7.0%
73 BTEGF 0.23% 633,954 $2M $3.23 +633,954 NEW
74 IBB 0.23% 15,976 $2M $126.51 -$73K -578 -3.5%
75 BKH 0.23% 29,102 $2M $69.42 -$75K -4,910 -14.4%
76 JMUB 0.23% 40,458 $2M $49.64 $467K +9,405 +30.3%
77 HIW 0.22% 60,632 $2M $32.46 $989K +30,468 +101.0%
78 BSX 0.21% 20,025 $2M $95.35 $91K +1,395 +7.5%
79 VTI 0.20% 5,399 $2M $337.85 $220K +120 +2.3%
80 AAPL 0.20% 6,592 $2M $271.86 $735K +2,439 +58.7%
81 TIP 0.20% 16,901 $2M $105.85 +16,901 NEW
82 CFG 0.20% 29,958 $2M $58.41 $1M +18,355 +158.2%
83 APP 0.15% 2,005 $1M $673.82 $751K +1,170 +140.1%
84 VIG 0.14% 5,985 $1M $204.67
85 NOW 0.13% 7,800 $1M $153.19 -$11M -5,133 -39.7%
86 IBIT 0.13% 19,040 $1M $60.40 $558K +9,935 +109.1%
87 UBER 0.12% 12,716 $1M $81.71 $664K +8,891 +232.4%
88 MELI 0.11% 500 $1M $2,014.26 +500 NEW
89 EWL 0.11% 18,176 $996K $54.81 $987K +18,000 +10227.3%
90 MA 0.11% 1,700 $970K $570.88 $666K +1,165 +217.8%
91 NU 0.11% 57,766 $967K $16.74 $784K +46,311 +404.3%
92 PNC 0.10% 4,473 $934K $208.73 +4,473 NEW
93 VOX 0.10% 5,246 $897K $171.03 $104K +609 +13.1%
94 XBI 0.10% 7,282 $888K $121.93 -$422K -8,508 -53.9%
95 EWZ 0.10% 27,049 $859K $31.77 +27,049 NEW
96 HYG 0.08% 9,099 $734K $80.63 $73K +908 +11.1%
97 IEMG 0.08% 11,947 $717K $60.03 $37K +617 +5.5%
98 IEF 0.08% 7,555 $715K $94.61 +7,555 NEW
99 GE 0.08% 2,290 $705K $308.03 -$67K -276 -10.8%
100 AJG 0.08% 2,674 $692K $258.79 -$375K -770 -22.4%

Options Breakdown

18 Calls $23M Call Value 15 Puts $105M Put Value 4.63 P/C Ratio

Top Calls

SymbolSharesValueStatus
BA 28,300 $6M NEW
META 6,700 $4M NEW
GM 51,200 $4M NEW
QQQ 5,000 $3M NEW
GLD 6,800 $3M NEW
WBD 50,000 $1M NEW
BRK-B 600 $302K NEW
IWM 1,000 $246K
AMGN 300 $98K NEW
SPY $0 SOLD

Top Puts

SymbolSharesValueStatus
HYG 800,000 $65M NEW
SPY 23,200 $16M
BA 28,300 $6M NEW
QQQ 10,000 $6M NEW
META 6,700 $4M NEW
GM 51,200 $4M NEW
SMH 5,000 $2M NEW
APP 800 $539K NEW
GLD 800 $317K NEW
BRK-B 600 $302K NEW

New Positions

SymbolValue% Port
EVRG $13M 1.45%
DTE $12M 1.34%
WEC $11M 1.24%
D $7M 0.78%
OGS $7M 0.75%
EOG $5M 0.59%
HIG $5M 0.51%
PCG $4M 0.46%
PEG $4M 0.45%
AM $4M 0.42%
SUNC $4M 0.42%
CVX $3M 0.38%
CNQ $3M 0.33%
DHT $3M 0.28%
CM $2M 0.27%

Sold Out Positions

SymbolValue% Port
AR —%
XOM —%
NEE —%
PSX —%
WTRG —%
STLA —%
BMO —%
MTB —%
SRE —%
PFE —%
FE —%
STZ —%
DD —%
KMI —%
APLE —%
View SEC EDGAR Filings for BTG Pactual Asset Management US LLC →

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