13F HOLDINGS REPORT
Banco BTG Pactual S.A.
Quarter ended Q3 2025 · Filed November 13, 2025 · Accession 0001536080-25-000003
Total Value
$684.9M
Positions
155
Other Managers
0
Confidential Omitted
No
Holdings (155)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | JBS N.V. | JBS | 9,589,738 | $143.2M | 20.90% |
| 2 | META PLATFORMS INC | META | 59,215 | $43.5M | 6.35% |
| 3 | MICROSOFT CORP | MSFT | 75,628 | $39.2M | 5.72% |
| 4 | NVIDIA CORPORATION | NVDA | 200,333 | $37.4M | 5.46% |
| 5 | AMAZON COM INC | AMZN | 138,717 | $30.5M | 4.45% |
| 6 | KRANESHARES TRUST | 500767306 | 510,700 | $21.5M | 3.13% |
| 7 | ALPHABET INC | GOOG | 75,576 | $18.4M | 2.68% |
| 8 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 63,532 | $17.7M | 2.59% |
| 9 | ALIBABA GROUP HLDG LTD | BBAAY | 95,504 | $17.1M | 2.49% |
| 10 | INVESCO EXCH TRADED FD TR II | IVZ | 194,213 | $14.3M | 2.08% |
| 11 | CITIGROUP INC | C-PR | 139,504 | $14.2M | 2.07% |
| 12 | ALPHABET INC | GOOG | 53,212 | $13.0M | 1.89% |
| 13 | ISHARES INC | 464286400 | 287,021 | $8.9M | 1.30% |
| 14 | VISA INC | V | 25,857 | $8.8M | 1.29% |
| 15 | ISHARES TR | 464287234 | 161,350 | $8.6M | 1.26% |
| 16 | VANECK ETF TRUST | 92189F106 | 110,000 | $8.4M | 1.23% |
| 17 | BROADCOM INC | AVGO | 25,108 | $8.3M | 1.21% |
| 18 | JPMORGAN CHASE & CO. | VYLD | 25,356 | $8.0M | 1.17% |
| 19 | NU HLDGS LTD | NU | 496,905 | $8.0M | 1.16% |
| 20 | INVESCO EXCH TRADED FD TR II | IVZ | 90,000 | $7.0M | 1.03% |
| 21 | GLOBAL X FDS | 37954Y632 | 139,100 | $6.9M | 1.00% |
| 22 | LPL FINL HLDGS INC | 50212V100 | 20,471 | $6.8M | 0.99% |
| 23 | DBX ETF TR | 233051879 | 200,000 | $6.6M | 0.96% |
| 24 | INVESCO QQQ TR | IVZ | 10,368 | $6.2M | 0.91% |
| 25 | UNITEDHEALTH GROUP INC | UNH | 16,966 | $5.9M | 0.86% |
| 26 | BOOKING HOLDINGS INC | BKNG | 1,012 | $5.5M | 0.80% |
| 27 | UBER TECHNOLOGIES INC | UBER | 54,413 | $5.3M | 0.78% |
| 28 | INTERCORP FINL SVCS INC | INTR | 129,674 | $5.2M | 0.76% |
| 29 | PAMPA ENERGIA S A | 697660207 | 84,967 | $5.1M | 0.75% |
| 30 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 10,000 | $5.0M | 0.73% |
| 31 | ISHARES SILVER TR | SLV | 103,260 | $4.4M | 0.64% |
| 32 | MASTERCARD INCORPORATED | MA | 7,650 | $4.4M | 0.64% |
| 33 | TRANSPORTADORA DE GAS SUR | 893870204 | 201,014 | $4.2M | 0.62% |
| 34 | DISNEY WALT CO | 254687106 | 36,910 | $4.2M | 0.62% |
| 35 | ISHARES TR | 46429B598 | 80,000 | $4.2M | 0.61% |
| 36 | COREWEAVE INC | CRWV | 30,000 | $4.1M | 0.60% |
| 37 | ZOETIS INC | ZTS | 27,829 | $4.1M | 0.59% |
| 38 | PDD HOLDINGS INC | PDD | 29,332 | $3.9M | 0.57% |
| 39 | COCA COLA CO | KO | 58,032 | $3.8M | 0.56% |
| 40 | JD.COM INC | JDCMF | 100,000 | $3.5M | 0.51% |
| 41 | SELECT SECTOR SPDR TR | 81369Y407 | 12,693 | $3.0M | 0.44% |
| 42 | VANECK ETF TRUST | 92189F791 | 30,000 | $3.0M | 0.43% |
| 43 | SELECT SECTOR SPDR TR | 81369Y209 | 21,108 | $2.9M | 0.43% |
| 44 | WESTERN DIGITAL CORP | WDC | 24,105 | $2.9M | 0.42% |
| 45 | SELECT SECTOR SPDR TR | 81369Y860 | 68,405 | $2.9M | 0.42% |
| 46 | WYNN RESORTS LTD | WYNN | 22,197 | $2.8M | 0.42% |
| 47 | CAPITAL ONE FINL CORP | 14040H105 | 49,380 | $2.8M | 0.41% |
| 48 | TELECOM ARGENTINA SA | TCMFF | 374,805 | $2.7M | 0.40% |
| 49 | INVESCO EXCH TRADED FD TR II | IVZ | 54,345 | $2.7M | 0.40% |
| 50 | GLOBAL X FDS | 37954Y871 | 55,196 | $2.6M | 0.38% |
| 51 | LIFE TIME GROUP HOLDINGS INC | LTH | 95,000 | $2.6M | 0.38% |
| 52 | ISHARES BITCOIN TRUST ETF | IBIT | 37,734 | $2.5M | 0.36% |
| 53 | ISHARES TR | 464287432 | 26,000 | $2.3M | 0.34% |
| 54 | EVE HLDG INC | EVEX-WT | 596,500 | $2.3M | 0.33% |
| 55 | SPDR SERIES TRUST | 78464A409 | 21,633 | $2.3M | 0.33% |
| 56 | VISTA ENERGY S.A.B. DE C.V. | VSOGF | 61,979 | $2.1M | 0.31% |
| 57 | VTEX | VTEX | 465,000 | $2.0M | 0.30% |
| 58 | ISHARES TR | 464287184 | 49,056 | $2.0M | 0.29% |
| 59 | HOWMET AEROSPACE INC | HWM | 10,170 | $2.0M | 0.29% |
| 60 | CVS HEALTH CORP | CVS | 26,287 | $2.0M | 0.29% |
| 61 | ISHARES TR | 46435G425 | 12,850 | $1.9M | 0.27% |
| 62 | GLOBANT S A | GLOB | 32,200 | $1.8M | 0.27% |
| 63 | GOLDMAN SACHS GROUP INC | GSCE | 2,189 | $1.7M | 0.25% |
| 64 | APPLOVIN CORP | APP | 2,381 | $1.7M | 0.25% |
| 65 | TASEKO MINES LTD | TGB | 400,000 | $1.7M | 0.25% |
| 66 | BROOKFIELD CORP | 11271J107 | 24,275 | $1.7M | 0.24% |
| 67 | SALESFORCE INC | CRM | 6,917 | $1.6M | 0.24% |
| 68 | GLOBAL X FDS | 37954Y848 | 20,000 | $1.4M | 0.21% |
| 69 | BLACKROCK INC | BLK | 1,170 | $1.4M | 0.20% |
| 70 | LATAM AIRLINES GROUP SA | LTM | 30,000 | $1.4M | 0.20% |
| 71 | DUPONT DE NEMOURS INC | DD | 17,423 | $1.4M | 0.20% |
| 72 | VISTRA CORP | VST | 6,915 | $1.4M | 0.20% |
| 73 | IRSA INVERSIONES Y REP S A | 450047303 | 109,912 | $1.3M | 0.19% |
| 74 | CITIZENS FINL GROUP INC | CIA | 24,378 | $1.3M | 0.19% |
| 75 | VNET GROUP INC | VNET | 124,022 | $1.3M | 0.19% |
| 76 | BANCO MACRO SA | 05961W105 | 29,936 | $1.3M | 0.18% |
| 77 | KRAFT HEINZ CO | KHC | 47,899 | $1.2M | 0.18% |
| 78 | XP INC | XP | 61,465 | $1.2M | 0.17% |
| 79 | PONY AI INC | PYAIF | 50,000 | $1.1M | 0.16% |
| 80 | GE HEALTHCARE TECHNOLOGIES I | GEHC | 14,232 | $1.1M | 0.16% |
| 81 | ADVANCED MICRO DEVICES INC | AMD | 6,598 | $1.1M | 0.16% |
| 82 | TARGA RES CORP | TRGP | 6,340 | $1.1M | 0.16% |
| 83 | ZETA GLOBAL HOLDINGS CORP | ZETA | 50,000 | $993,500 | 0.15% |
| 84 | AMPLIFY ETF TR | 032108649 | 40,000 | $923,600 | 0.13% |
| 85 | THE CIGNA GROUP | 125523100 | 3,138 | $904,529 | 0.13% |
| 86 | LISTED FDS TR | 53656F417 | 43,850 | $903,310 | 0.13% |
| 87 | APA CORPORATION | APA | 37,019 | $898,821 | 0.13% |
| 88 | INTERACTIVE BROKERS GROUP IN | 45841N107 | 13,000 | $894,530 | 0.13% |
| 89 | FOMENTO ECONOMICO MEXICANO S | 344419106 | 7,766 | $765,961 | 0.11% |
| 90 | QXO INC | QXO-PB | 40,000 | $762,400 | 0.11% |
| 91 | GRUPO AEROPORTUARIO DEL CENT | 400501102 | 6,908 | $717,534 | 0.10% |
| 92 | BANK AMERICA CORP | 060505104 | 13,118 | $676,758 | 0.10% |
| 93 | HILTON WORLDWIDE HLDGS INC | HLT | 2,600 | $674,544 | 0.10% |
| 94 | ISHARES INC | 464286640 | 20,123 | $663,254 | 0.10% |
| 95 | S&P GLOBAL INC | SPGI | 1,340 | $652,191 | 0.10% |
| 96 | SOCIEDAD QUIMICA Y MINERA DE | 833635105 | 15,065 | $647,494 | 0.09% |
| 97 | APOLLO GLOBAL MGMT INC | 03769M106 | 4,472 | $595,983 | 0.09% |
| 98 | ISHARES TR | 464287648 | 1,850 | $592,074 | 0.09% |
| 99 | ENERGY TRANSFER L P | ET-PI | 34,000 | $583,440 | 0.09% |
| 100 | CREDICORP LTD | BAP | 2,177 | $579,692 | 0.08% |
| 101 | HESAI GROUP | HSIGF | 20,000 | $562,000 | 0.08% |
| 102 | SCHLUMBERGER LTD | SLB | 15,739 | $540,949 | 0.08% |
| 103 | SPDR DOW JONES INDL AVERAGE | 78467X109 | 1,123 | $520,780 | 0.08% |
| 104 | TJX COS INC NEW | 872540109 | 3,526 | $509,648 | 0.07% |
| 105 | GEOPARK LTD | GPRK | 80,000 | $509,600 | 0.07% |
| 106 | CONTROLADORA VUELA COMP DE A | 21240E105 | 70,000 | $502,600 | 0.07% |
| 107 | COMPANIA DE MINAS BUENAVENTU | 204448104 | 20,400 | $496,332 | 0.07% |
| 108 | GLOBAL X FDS | 37954Y830 | 8,100 | $484,461 | 0.07% |
| 109 | BOEING CO | BA-PA | 2,110 | $455,401 | 0.07% |
| 110 | FORTINET INC | FTNT | 5,200 | $437,216 | 0.06% |
| 111 | COPA HOLDINGS SA | CPA | 3,540 | $420,623 | 0.06% |
| 112 | HUT 8 CORP | HUT | 12,000 | $417,720 | 0.06% |
| 113 | THERMO FISHER SCIENTIFIC INC | TMO | 860 | $417,117 | 0.06% |
| 114 | CRESUD S A C I F Y A | CRESY | 43,455 | $399,786 | 0.06% |
| 115 | SAP SE | SAPGF | 1,400 | $374,094 | 0.05% |
| 116 | GLOBAL X FDS | 37950E259 | 5,100 | $355,776 | 0.05% |
| 117 | SELECT SECTOR SPDR TR | 81369Y506 | 3,972 | $354,858 | 0.05% |
| 118 | CONOCOPHILLIPS | COP | 3,740 | $353,767 | 0.05% |
| 119 | WEYERHAEUSER CO MTN BE | WY | 13,800 | $342,102 | 0.05% |
| 120 | TEGNA INC | 87901J105 | 16,539 | $336,238 | 0.05% |
| 121 | SPDR GOLD TR | GLD | 938 | $333,431 | 0.05% |
| 122 | ISHARES INC | 464286903 | 10,500 | $325,500 | 0.05% |
| 123 | GE VERNOVA INC | GEV | 527 | $324,052 | 0.05% |
| 124 | LENDINGCLUB CORP | LC | 21,323 | $323,896 | 0.05% |
| 125 | CI&T INC | CINT | 60,000 | $309,000 | 0.05% |
| 126 | DIAMONDBACK ENERGY INC | FANG | 2,154 | $308,237 | 0.05% |
| 127 | TALEN ENERGY CORP | TLN | 698 | $296,915 | 0.04% |
| 128 | SPDR S&P 500 ETF TR | SPY | 444 | $295,784 | 0.04% |
| 129 | ISHARES TR | 464287951 | 7,000 | $287,980 | 0.04% |
| 130 | MCKESSON CORP | MCK | 370 | $285,840 | 0.04% |
| 131 | AURA MINERALS INC | AUGO | 6,702 | $249,381 | 0.04% |
| 132 | NASDAQ INC | NDAQ | 2,700 | $238,815 | 0.03% |
| 133 | AMBEV SA | ABEV | 105,300 | $234,819 | 0.03% |
| 134 | PACKAGING CORP AMER | 695156109 | 1,039 | $226,429 | 0.03% |
| 135 | DANAHER CORPORATION | 235851102 | 1,135 | $225,025 | 0.03% |
| 136 | EPAM SYS INC | EPAM | 1,433 | $216,082 | 0.03% |
| 137 | SPDR GOLD TR | GLD | 600 | $213,282 | 0.03% |
| 138 | PALANTIR TECHNOLOGIES INC | PLTR | 1,166 | $212,702 | 0.03% |
| 139 | GERDAU SA | GGB | 55,000 | $170,500 | 0.02% |
| 140 | KENVUE INC | KVUE | 10,000 | $162,300 | 0.02% |
| 141 | PETROLEO BRASILEIRO SA PETRO | 71654V101 | 12,900 | $152,478 | 0.02% |
| 142 | INTER & CO INC | INTR | 11,572 | $106,810 | 0.02% |
| 143 | CIA ENERGETICA DE MINAS GERA | 204409601 | 49,600 | $104,656 | 0.02% |
| 144 | REKOR SYSTEMS INC | REKR | 65,226 | $102,405 | 0.01% |
| 145 | BRASKEM S A | BAK | 36,500 | $88,330 | 0.01% |
| 146 | SES AI CORPORATION | SES-WT | 46,640 | $77,889 | 0.01% |
| 147 | BANCO BRADESCO S A | 059460303 | 16,506 | $55,790 | 0.01% |
| 148 | SOLIGENIX INC | SNGX | 46,372 | $53,792 | 0.01% |
| 149 | GRUPO AVAL ACCIONES Y VALORE | AVAL | 15,587 | $51,437 | 0.01% |
| 150 | ENERGY VAULT HOLDINGS INC | NRGV | 14,627 | $43,442 | 0.01% |
| 151 | TRANSOCEAN LTD | RIG | 12,248 | $38,214 | 0.01% |
| 152 | LARGO INC | LGO | 25,450 | $38,175 | 0.01% |
| 153 | HYLIION HOLDINGS CORP | HYLN | 18,929 | $37,290 | 0.01% |
| 154 | BORR DRILLING LTD | BORR | 12,328 | $33,162 | 0.00% |
| 155 | SMARTRENT INC | SMRT | 16,200 | $22,842 | 0.00% |