13F HOLDINGS REPORT

BTG Pactual Asset Management US LLC

Quarter ended Q4 2024 · Filed February 13, 2025 · Accession 0001085146-25-001265

Total Value

$963.2M

Positions

279

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (279)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	SPDR S&P 500 ETF TR	SPY	127,841	$74.9M	7.78%
2	ISHARES TR	464287614	131,789	$41.8M	4.34%
3	ALPHABET INC	GOOG	216,715	$41.3M	4.28%
4	SPDR S&P 500 ETF TR	SPY	67,200	$39.4M	4.09%
5	BERKSHIRE HATHAWAY INC DEL	BRK-A	71,583	$32.4M	3.37%
6	VANGUARD WORLD FD	921910840	185,087	$24.2M	2.51%
7	WESTERN DIGITAL CORP	WDC	400,000	$23.9M	2.48%
8	ALBERTSONS COS INC	013091103	1,201,383	$23.6M	2.45%
9	SPDR S&P 500 ETF TR	SPY	33,800	$19.8M	2.06%
10	HOWARD HUGHES HOLDINGS INC	HHH	240,879	$18.5M	1.92%
11	VANGUARD WORLD FD	921910816	66,861	$18.2M	1.89%
12	CAPRI HOLDINGS LIMITED	CPRI	829,561	$17.5M	1.81%
13	VANGUARD INTL EQUITY INDEX F	922042874	282,161	$17.3M	1.80%
14	CORE SCIENTIFIC INC NEW	21874A106	1,200,000	$16.9M	1.75%
15	PG&E CORP	PCG-PX	725,592	$14.6M	1.52%
16	WELLS FARGO CO NEW	949746101	163,200	$11.5M	1.19%
17	WELLS FARGO CO NEW	949746101	163,200	$11.5M	1.19%
18	NVIDIA CORPORATION	NVDA	82,819	$11.1M	1.15%
19	DUKE ENERGY CORP NEW	DUKB	102,951	$11.1M	1.15%
20	AMAZON COM INC	AMZN	49,227	$10.8M	1.12%
21	ISHARES TR	464287242	93,568	$10.2M	1.06%
22	EXELON CORP	EXC	267,764	$10.1M	1.05%
23	VANGUARD INDEX FDS	922908629	36,622	$10.1M	1.04%
24	MICROSOFT CORP	MSFT	21,986	$9.3M	0.96%
25	SPDR GOLD TR	GLD	31,903	$7.8M	0.80%
26	FIRSTENERGY CORP	FE	194,553	$7.7M	0.80%
27	VANGUARD INTL EQUITY INDEX F	922042858	195,966	$7.7M	0.80%
28	META PLATFORMS INC	META	13,023	$7.6M	0.79%
29	VANGUARD INDEX FDS	922908751	29,313	$7.6M	0.79%
30	ISHARES INC	46434G822	110,611	$7.4M	0.77%
31	PETROLEO BRASILEIRO SA PETRO	71654V408	564,270	$7.3M	0.75%
32	DEERE & CO	DE	15,800	$6.7M	0.70%
33	DEERE & CO	DE	15,800	$6.7M	0.70%
34	STARBUCKS CORP	SBUX	72,300	$6.6M	0.68%
35	STARBUCKS CORP	SBUX	72,300	$6.6M	0.68%
36	XCEL ENERGY INC	XELLL	97,572	$6.6M	0.68%
37	STELLANTIS N.V	STLA	500,000	$6.5M	0.68%
38	STELLANTIS N.V	STLA	500,000	$6.5M	0.68%
39	APPLE INC	AAPL	24,774	$6.2M	0.64%
40	ITAU UNIBANCO HLDG S A	465562106	1,186,094	$5.9M	0.61%
41	BROADCOM INC	AVGO	25,000	$5.8M	0.60%
42	BROADCOM INC	AVGO	25,000	$5.8M	0.60%
43	DISNEY WALT CO	254687106	50,000	$5.6M	0.58%
44	DISNEY WALT CO	254687106	50,000	$5.6M	0.58%
45	EVERGY INC	EVRG	89,699	$5.5M	0.57%
46	SELECT SECTOR SPDR TR	81369Y605	113,541	$5.5M	0.57%
47	CATERPILLAR INC	CAT	14,400	$5.2M	0.54%
48	CATERPILLAR INC	CAT	14,400	$5.2M	0.54%
49	HESS CORP	HESM	38,555	$5.1M	0.53%
50	VANGUARD WORLD FD	92204A504	18,726	$5.1M	0.53%
51	CROWDSTRIKE HLDGS INC	CRWD	14,744	$5.1M	0.53%
52	KELLANOVA	BEKE	61,771	$5.0M	0.52%
53	WELLS FARGO CO NEW	949746101	67,282	$4.7M	0.49%
54	SELECT SECTOR SPDR TR	81369Y209	34,267	$4.7M	0.49%
55	CMS ENERGY CORP	CMS-PC	67,374	$4.5M	0.47%
56	SEMPRA	SREA	50,511	$4.4M	0.46%
57	JPMORGAN CHASE & CO.	VYLD	17,870	$4.3M	0.44%
58	MERCADOLIBRE INC	MELI	2,513	$4.3M	0.44%
59	VALE S A	VALE	479,976	$4.3M	0.44%
60	VANGUARD WORLD FD	92204A405	44,085	$4.2M	0.44%
61	NU HLDGS LTD	NU	385,544	$4.0M	0.41%
62	TAIWAN SEMICONDUCTOR MFG LTD	874039100	20,224	$4.0M	0.41%
63	MOLSON COORS BEVERAGE CO	TAP-A	66,000	$3.8M	0.39%
64	MOLSON COORS BEVERAGE CO	TAP-A	66,000	$3.8M	0.39%
65	MASTERCARD INCORPORATED	MA	7,045	$3.7M	0.39%
66	CATERPILLAR INC	CAT	9,966	$3.6M	0.38%
67	FEDEX CORP	FDX	12,400	$3.5M	0.36%
68	FEDEX CORP	FDX	12,400	$3.5M	0.36%
69	FIRST TR EXCHANGE-TRADED FD	33738D101	98,586	$3.5M	0.36%
70	DEERE & CO	DE	7,981	$3.4M	0.35%
71	DBX ETF TR	233051879	127,600	$3.4M	0.35%
72	MORGAN STANLEY	MS-PQ	26,600	$3.3M	0.35%
73	MORGAN STANLEY	MS-PQ	26,600	$3.3M	0.35%
74	EVERSOURCE ENERGY	ES	56,909	$3.3M	0.34%
75	UBER TECHNOLOGIES INC	UBER	54,128	$3.3M	0.34%
76	ISHARES TR	46429B747	32,538	$3.2M	0.33%
77	ISHARES INC	464286665	77,554	$3.2M	0.33%
78	ENEL CHILE S.A.	ENIC	1,089,800	$3.1M	0.33%
79	VISTRA CORP	VST	22,090	$3.0M	0.32%
80	CONSTELLATION ENERGY CORP	CEG	13,061	$2.9M	0.30%
81	GLOBAL X FDS	37954Y293	47,259	$2.9M	0.30%
82	VANGUARD WORLD FD	92204A884	25,688	$2.8M	0.29%
83	SALESFORCE INC	CRM	8,302	$2.8M	0.29%
84	DTE ENERGY CO	DTK	22,558	$2.7M	0.28%
85	DISCOVER FINL SVCS	254709108	15,196	$2.6M	0.27%
86	VANGUARD WORLD FD	92204A702	5,893	$2.6M	0.27%
87	INVESCO QQQ TR	IVZ	5,001	$2.6M	0.27%
88	VISA INC	V	7,945	$2.5M	0.26%
89	STARBUCKS CORP	SBUX	27,115	$2.5M	0.26%
90	VANGUARD INDEX FDS	922908553	26,249	$2.5M	0.26%
91	GE VERNOVA INC	GEV	7,368	$2.4M	0.25%
92	ARISTA NETWORKS INC	ANET	21,518	$2.4M	0.25%
93	ROYALTY PHARMA PLC	RPRX	88,584	$2.4M	0.25%
94	UNITED RENTALS INC	URI	3,351	$2.4M	0.25%
95	UBER TECHNOLOGIES INC	UBER	38,600	$2.3M	0.24%
96	UBER TECHNOLOGIES INC	UBER	38,600	$2.3M	0.24%
97	CONOCOPHILLIPS	COP	23,400	$2.3M	0.24%
98	CHENIERE ENERGY INC	LNG	10,498	$2.3M	0.23%
99	UNITEDHEALTH GROUP INC	UNH	3,673	$2.2M	0.23%
100	SMARTSHEET INC	83200N103	40,000	$2.2M	0.23%
101	COMPANHIA DE SANEAMENTO BASI	SBS	154,370	$2.2M	0.23%
102	CENTERPOINT ENERGY INC	CNP	69,620	$2.2M	0.23%
103	GERDAU SA	GGB	765,924	$2.2M	0.23%
104	BROADCOM INC	AVGO	9,228	$2.1M	0.22%
105	SOCIEDAD QUIMICA Y MINERA DE	833635105	58,803	$2.1M	0.22%
106	GALLAGHER ARTHUR J & CO	363576109	7,435	$2.1M	0.22%
107	BANK NEW YORK MELLON CORP	064058100	26,539	$2.0M	0.21%
108	CHUBB LIMITED	CB	7,300	$2.0M	0.21%
109	STRYKER CORPORATION	SYK	5,535	$2.0M	0.21%
110	SERVICENOW INC	NOW	1,825	$1.9M	0.20%
111	EQUINIX INC	EQIX	2,029	$1.9M	0.20%
112	ISHARES TR	464287200	4,201	$1.9M	0.20%
113	KINDER MORGAN INC DEL	EP-PC	68,734	$1.9M	0.20%
114	SUZANO S A	SUZ	182,120	$1.8M	0.19%
115	CITIGROUP INC	C-PR	25,625	$1.8M	0.19%
116	S&P GLOBAL INC	SPGI	3,499	$1.8M	0.19%
117	TAIWAN SEMICONDUCTOR MFG LTD	874039100	8,800	$1.7M	0.18%
118	ELI LILLY & CO	LLY	2,127	$1.7M	0.18%
119	AES CORP	AES	129,718	$1.7M	0.17%
120	WILLIS TOWERS WATSON PLC LTD	WTW	5,300	$1.7M	0.17%
121	BLACKROCK INC	BLK	1,605	$1.6M	0.17%
122	CONSTELLATION BRANDS INC	STZ	6,598	$1.6M	0.17%
123	VANGUARD INDEX FDS	922908769	5,260	$1.6M	0.16%
124	ISHARES TR	464287556	13,444	$1.5M	0.16%
125	SUMMIT MATLS INC	86614U100	30,000	$1.5M	0.16%
126	HCA HEALTHCARE INC	HCA	4,956	$1.5M	0.15%
127	GOLDMAN SACHS GROUP INC	GSCE	2,528	$1.4M	0.15%
128	DANAHER CORPORATION	235851102	5,927	$1.4M	0.15%
129	ABBVIE INC	ABBV	7,803	$1.4M	0.14%
130	COSAN S A	CSAN	247,680	$1.3M	0.14%
131	MILLICOM INTL CELLULAR S A	L6388F110	53,818	$1.3M	0.14%
132	OCCIDENTAL PETE CORP	674599105	25,609	$1.3M	0.13%
133	PIMCO ETF TR	72201R866	24,733	$1.3M	0.13%
134	CANADIAN IMPERIAL BK COMM	CNDIF	20,100	$1.3M	0.13%
135	PEPSICO INC	PEP	8,266	$1.3M	0.13%
136	ASPEN TECHNOLOGY INC	29109X106	5,000	$1.2M	0.13%
137	BANK AMERICA CORP	060505104	25,771	$1.2M	0.13%
138	MERCK & CO INC	MRK	12,245	$1.2M	0.13%
139	ISHARES TR	464287184	40,000	$1.2M	0.13%
140	INTERPUBLIC GROUP COS INC	INTR	43,412	$1.2M	0.13%
141	FLUTTER ENTMT PLC	G3643J108	4,174	$1.2M	0.12%
142	ARCHROCK INC	AROC	45,720	$1.1M	0.12%
143	CBOE GLOBAL MKTS INC	12503M108	5,750	$1.1M	0.12%
144	FEDEX CORP	FDX	3,989	$1.1M	0.12%
145	TXNM ENERGY INC	TXNM	22,538	$1.1M	0.12%
146	NORTHWESTERN ENERGY GROUP IN	NWE	20,668	$1.1M	0.11%
147	ALBERTSONS COS INC	013091103	55,500	$1.1M	0.11%
148	VANGUARD SPECIALIZED FUNDS	921908844	5,985	$1.0M	0.11%
149	BOOKING HOLDINGS INC	BKNG	207	$1.0M	0.11%
150	PALO ALTO NETWORKS INC	PANW	5,569	$1.0M	0.11%
151	ALPHABET INC	GOOG	5,353	$1.0M	0.11%
152	ALIBABA GROUP HLDG LTD	BBAAY	11,568	$980,851	0.10%
153	BLACKROCK MUN INCOME QUALITY	BLK	84,391	$966,277	0.10%
154	BANCO BRADESCO S A	059460303	494,580	$944,648	0.10%
155	SPDR SER TR	78464A870	9,497	$938,778	0.10%
156	VANGUARD MUN BD FDS	922907746	18,701	$931,497	0.10%
157	SENDAS DISTRIBUIDORA S A	81689T104	206,870	$924,709	0.10%
158	BLACKROCK MUNIHOLDINGS QUALI	BLK	87,501	$913,510	0.09%
159	ALBERTSONS COS INC	013091103	45,000	$883,800	0.09%
160	ANSYS INC	03662Q105	2,436	$821,736	0.09%
161	JUNIPER NETWORKS INC	48203R104	20,000	$749,000	0.08%
162	TJX COS INC NEW	872540109	5,911	$715,626	0.07%
163	BLACKROCK MUNIYILD QULT FD I	BLK	56,937	$711,713	0.07%
164	FREEPORT-MCMORAN INC	FCX	18,007	$685,707	0.07%
165	HASHICORP INC	418100103	20,000	$684,200	0.07%
166	DISNEY WALT CO	254687106	5,778	$643,380	0.07%
167	BLACKROCK LTD DURATION INCOM	BLK	43,030	$615,329	0.06%
168	CME GROUP INC	CME	2,598	$603,334	0.06%
169	CYBERARK SOFTWARE LTD	M2682V108	1,856	$600,435	0.06%
170	SUNRISE COMMUNICATIONS AG	SNNRF	13,636	$587,439	0.06%
171	ISHARES INC	46434G103	10,324	$502,469	0.05%
172	PIMCO ETF TR	72201R775	5,489	$499,499	0.05%
173	ISHARES TR	464287184	16,167	$492,123	0.05%
174	TECK RESOURCES LTD	TCKRF	11,813	$478,781	0.05%
175	SOUTHERN COPPER CORP	SCCO	5,127	$467,224	0.05%
176	GLOBAL X FDS	37954Y715	15,772	$461,016	0.05%
177	NEXPOINT DIVERSIFIED REL ET	65340G205	79,174	$458,417	0.05%
178	VANGUARD INDEX FDS	922908744	3,181	$458,414	0.05%
179	HOME DEPOT INC	HD	1,058	$454,020	0.05%
180	LPL FINL HLDGS INC	50212V100	1,300	$424,463	0.04%
181	GE AEROSPACE	369604301	2,459	$410,137	0.04%
182	LAS VEGAS SANDS CORP	LVS	7,900	$405,744	0.04%
183	LAS VEGAS SANDS CORP	LVS	7,900	$405,744	0.04%
184	THE TRADE DESK INC	88339J105	3,323	$390,552	0.04%
185	ISHARES TR	464288513	4,903	$390,475	0.04%
186	ISHARES TR	46435U853	9,652	$352,781	0.04%
187	ISHARES TR	46429B663	3,337	$349,284	0.04%
188	ISHARES TR	464288646	6,407	$343,736	0.04%
189	ISHARES TR	464287390	11,893	$332,528	0.03%
190	VERTIV HOLDINGS CO	VRT	2,919	$331,628	0.03%
191	TALEN ENERGY CORP	TLN	1,640	$330,411	0.03%
192	VANECK ETF TRUST	92189F353	17,248	$329,092	0.03%
193	SHOPIFY INC	SHOP	2,836	$327,842	0.03%
194	ISHARES TR	464288687	10,159	$326,917	0.03%
195	PAMPA ENERGIA S A	697660207	3,704	$325,730	0.03%
196	YPF SOCIEDAD ANONIMA	YPF	7,498	$318,740	0.03%
197	GRUPO FINANCIERO GALICIA S.A	GGAL	5,062	$315,464	0.03%
198	PRINCIPAL EXCHANGE TRADED FD	74255Y888	16,762	$312,947	0.03%
199	ISHARES TR	464288638	5,942	$307,558	0.03%
200	GENERAC HLDGS INC	GNRC	1,951	$302,503	0.03%
201	VEEVA SYS INC	VEEV	1,339	$283,158	0.03%
202	CHAMPIONX CORPORATION	15872M104	10,000	$271,900	0.03%
203	INTERNATIONAL BUSINESS MACHS	INTR	1,202	$264,236	0.03%
204	INVESCO EXCH TRADED FD TR II	IVZ	4,877	$244,484	0.03%
205	LOCKHEED MARTIN CORP	LMT	497	$241,512	0.03%
206	BLACKSTONE STRATEGIC CRED 20	BX	19,398	$239,565	0.02%
207	ISHARES INC	464286772	4,033	$236,334	0.02%
208	SPDR S&P MIDCAP 400 ETF TR	MDY	410	$232,995	0.02%
209	CHEVRON CORP NEW	CVX	1,573	$227,833	0.02%
210	DAVITA INC	DVA	1,505	$225,073	0.02%
211	DATADOG INC	DDOG	1,450	$221,488	0.02%
212	INTUITIVE SURGICAL INC	ISRG	395	$214,090	0.02%
213	VANGUARD STAR FDS	921909768	3,805	$212,852	0.02%
214	CAPRI HOLDINGS LIMITED	CPRI	10,000	$210,600	0.02%
215	ISHARES TR	464287168	2,040	$210,018	0.02%
216	RTX CORPORATION	RTX	1,732	$200,427	0.02%
217	VANGUARD SCOTTSDALE FDS	92206C706	3,400	$198,050	0.02%
218	ISHARES TR	46429B267	7,942	$181,634	0.02%
219	ERO COPPER CORP	ERO	13,173	$177,572	0.02%
220	VANGUARD WORLD FD	92204A108	440	$169,070	0.02%
221	VANGUARD INTL EQUITY INDEX F	922042742	1,705	$167,056	0.02%
222	ISHARES TR	46429B697	1,760	$163,029	0.02%
223	MORGAN STANLEY	MS-PQ	1,257	$158,030	0.02%
224	VANGUARD SCOTTSDALE FDS	92206C813	1,970	$153,089	0.02%
225	ISHARES TR	464287515	1,397	$145,707	0.02%
226	ISHARES INC	464286319	5,470	$141,782	0.01%
227	SELECT SECTOR SPDR TR	81369Y803	604	$140,442	0.01%
228	ISHARES INC	464286392	1,470	$138,489	0.01%
229	ISHARES TR	464287507	2,309	$136,023	0.01%
230	VANECK ETF TRUST	92189F106	3,456	$128,874	0.01%
231	ALPS ETF TR	00162Q452	14,657	$125,171	0.01%
232	VANGUARD WORLD FD	92204A306	956	$124,873	0.01%
233	INVESCO EXCH TRADED FD TR II	IVZ	5,870	$124,033	0.01%
234	UNITED STATES STL CORP NEW	UNTCW	3,500	$118,965	0.01%
235	UNITED STATES STL CORP NEW	UNTCW	3,500	$118,965	0.01%
236	WESTERN UN CO	WU	10,786	$114,332	0.01%
237	ISHARES TR	464288281	1,000	$112,970	0.01%
238	ISHARES TR	464287523	456	$111,980	0.01%
239	ISHARES TR	464287622	332	$108,760	0.01%
240	FORD MTR CO	345370860	10,963	$108,534	0.01%
241	ABRDN INCOME CREDIT STRATEGI	ACP-PA	16,040	$104,581	0.01%
242	LAS VEGAS SANDS CORP	LVS	1,940	$99,638	0.01%
243	VODAFONE GROUP PLC NEW	92857W308	10,799	$96,867	0.01%
244	ISHARES TR	464289180	4,575	$94,977	0.01%
245	VANGUARD INDEX FDS	922908363	163	$91,040	0.01%
246	VANGUARD INDEX FDS	922908512	490	$81,771	0.01%
247	TELEFONICA S A	TELFY	17,949	$80,591	0.01%
248	MFS INTER INCOME TR	55273C107	28,615	$79,836	0.01%
249	ISHARES TR	464287804	705	$75,231	0.01%
250	SELECT SECTOR SPDR TR	81369Y704	558	$73,522	0.01%
251	VANGUARD WORLD FD	92204A603	329	$72,564	0.01%
252	ISHARES TR	464287861	1,044	$57,044	0.01%
253	ISHARES TR	46432F339	394	$54,896	0.01%
254	ISHARES TR	464288679	496	$54,793	0.01%
255	SELECT SECTOR SPDR TR	81369Y407	238	$52,370	0.01%
256	ISHARES TR	46434V738	774	$42,485	0.00%
257	IQIYI INC	IQ	18,606	$37,398	0.00%
258	VANGUARD INTL EQUITY INDEX F	922042866	474	$33,872	0.00%
259	ALPS ETF TR	00162Q676	1,009	$31,017	0.00%
260	ISHARES TR	464288182	442	$30,635	0.00%
261	SELECT SECTOR SPDR TR	81369Y852	292	$28,540	0.00%
262	ISHARES TR	464287341	606	$25,470	0.00%
263	ISHARES TR	46435U135	500	$25,342	0.00%
264	ISHARES TR	464287234	526	$22,686	0.00%
265	ISHARES TR	46429B655	393	$20,043	0.00%
266	SELECT SECTOR SPDR TR	81369Y100	205	$19,342	0.00%
267	ISHARES TR	464287382	205	$15,257	0.00%
268	SELECT SECTOR SPDR TR	81369Y860	353	$13,827	0.00%
269	ISHARES INC	464286400	587	$13,213	0.00%
270	VANGUARD INDEX FDS	922908652	54	$10,625	0.00%
271	ISHARES INC	464286608	213	$10,128	0.00%
272	ISHARES TR	464287432	100	$8,780	0.00%
273	ISHARES INC	464286749	176	$8,606	0.00%
274	ISHARES TR	464288836	87	$6,047	0.00%
275	SPDR SER TR	78464A797	128	$5,987	0.00%
276	GLOBAL X FDS	37954Y871	200	$5,356	0.00%
277	ISHARES TR	46429B671	58	$2,631	0.00%
278	GLOBAL X FDS	37954Y830	59	$2,489	0.00%
279	INVESCO EXCH TRADED FD TR II	IVZ	19	$694	0.00%