13F HOLDINGS REPORT
BW Gestao de Investimentos Ltda.
Quarter ended Q1 2025 · Filed May 15, 2025 · Accession 0001568280-25-000003
Total Value
$3.18B
Positions
104
Other Managers
1
Confidential Omitted
No
Holdings (103)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | SPDR S&P 500 ETF TR | SPY | 1,050,000 | $587.4M | 18.46% |
| 2 | SPDR S&P 500 ETF TR | SPY | 770,000 | $430.7M | 13.54% |
| 3 | INVESCO QQQ TR | IVZ | 550,000 | $257.9M | 8.11% |
| 4 | ISHARES TR | 464287655 | 1,100,000 | $219.4M | 6.90% |
| 5 | INVESCO QQQ TR | IVZ | 450,000 | $211.0M | 6.63% |
| 6 | SPDR INDEX SHS FDS | 78463X202 | 1,500,000 | $81.6M | 2.57% |
| 7 | ISHARES TR | 464287655 | 400,000 | $79.8M | 2.51% |
| 8 | ISHARES TR | 464288513 | 1,000,000 | $78.9M | 2.48% |
| 9 | TENET HEALTHCARE CORP | THC | 529,785 | $71.3M | 2.24% |
| 10 | INVESCO EXCHANGE TRADED FD T | IVZ | 406,200 | $70.4M | 2.21% |
| 11 | ISHARES INC | 464286400 | 2,500,000 | $64.6M | 2.03% |
| 12 | RB GLOBAL INC | RBA | 550,298 | $55.2M | 1.73% |
| 13 | ISHARES INC | 464286400 | 2,000,000 | $51.7M | 1.62% |
| 14 | ARK ETF TR | 00214Q104 | 1,000,000 | $47.6M | 1.50% |
| 15 | ORACLE CORP | ORCL-PD | 300,480 | $42.0M | 1.32% |
| 16 | SHIFT4 PMTS INC | 82452J109 | 450,000 | $36.8M | 1.16% |
| 17 | PERRIGO CO PLC | PRGO | 1,298,444 | $36.4M | 1.14% |
| 18 | ORACLE CORP | ORCL-PD | 240,000 | $33.6M | 1.05% |
| 19 | TALEN ENERGY CORP | TLN | 161,758 | $32.3M | 1.02% |
| 20 | ECOLAB INC | ECL | 111,505 | $28.3M | 0.89% |
| 21 | SHIFT4 PMTS INC | 82452J109 | 336,000 | $27.5M | 0.86% |
| 22 | NUTANIX INC | NTNX | 354,807 | $24.8M | 0.78% |
| 23 | CAPRI HOLDINGS LIMITED | CPRI | 1,152,420 | $22.7M | 0.71% |
| 24 | GLOBANT S A | GLOB | 183,200 | $21.6M | 0.68% |
| 25 | ALIGHT INC | ALIT | 3,592,127 | $21.3M | 0.67% |
| 26 | AERCAP HOLDINGS NV | AER | 200,000 | $20.4M | 0.64% |
| 27 | VISTRA CORP | VST | 173,490 | $20.4M | 0.64% |
| 28 | GOODYEAR TIRE & RUBR CO | 382550101 | 2,125,666 | $19.6M | 0.62% |
| 29 | AERCAP HOLDINGS NV | AER | 189,045 | $19.3M | 0.61% |
| 30 | NUTANIX INC | NTNX | 250,000 | $17.5M | 0.55% |
| 31 | BLACKSTONE INC | BX | 120,716 | $16.9M | 0.53% |
| 32 | CROCS INC | CROX | 154,131 | $16.4M | 0.51% |
| 33 | BIRKENSTOCK HOLDING PLC | BIRK | 348,225 | $16.0M | 0.50% |
| 34 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 95,200 | $15.8M | 0.50% |
| 35 | CI&T INC | CINT | 2,639,839 | $15.8M | 0.50% |
| 36 | MICROSOFT CORP | MSFT | 40,106 | $15.1M | 0.47% |
| 37 | API GROUP CORP | APG | 399,230 | $14.3M | 0.45% |
| 38 | NORTHERN OIL & GAS INC | NOG | 467,641 | $14.1M | 0.44% |
| 39 | TENET HEALTHCARE CORP | THC | 100,000 | $13.4M | 0.42% |
| 40 | CLARIVATE PLC | CLVT | 3,273,175 | $12.9M | 0.40% |
| 41 | GOODYEAR TIRE & RUBR CO | 382550101 | 1,300,000 | $12.0M | 0.38% |
| 42 | KRANESHARES TRUST | 500767306 | 339,000 | $11.8M | 0.37% |
| 43 | VISTRA CORP | VST | 100,000 | $11.7M | 0.37% |
| 44 | PENN ENTERTAINMENT INC | PENN | 700,000 | $11.4M | 0.36% |
| 45 | EQUITABLE HLDGS INC | EQH-PC | 216,943 | $11.3M | 0.36% |
| 46 | TESLA INC | TSLA | 43,500 | $11.3M | 0.35% |
| 47 | UIPATH INC | PATH | 1,067,700 | $11.0M | 0.35% |
| 48 | PACER FDS TR | 69374H857 | 291,259 | $10.9M | 0.34% |
| 49 | RYDER SYS INC | R | 75,054 | $10.8M | 0.34% |
| 50 | CVS HEALTH CORP | CVS | 150,000 | $10.2M | 0.32% |
| 51 | GREENFIRE RES LTD NEW | 39525U107 | 1,683,625 | $9.9M | 0.31% |
| 52 | PENN ENTERTAINMENT INC | PENN | 600,000 | $9.8M | 0.31% |
| 53 | AMAZON COM INC | AMZN | 50,682 | $9.6M | 0.30% |
| 54 | CAESARS ENTERTAINMENT INC NE | 12769G100 | 364,096 | $9.1M | 0.29% |
| 55 | ALBEMARLE CORP | ALB-PA | 116,733 | $8.4M | 0.26% |
| 56 | DECKERS OUTDOOR CORP | DECK | 72,800 | $8.1M | 0.26% |
| 57 | WASTE CONNECTIONS INC | WCN | 38,706 | $7.6M | 0.24% |
| 58 | GLOBAL X FDS | 37954Y830 | 190,001 | $7.4M | 0.23% |
| 59 | AMENTUM HOLDINGS INC | AMTM | 394,400 | $7.2M | 0.23% |
| 60 | VANECK ETF TRUST | 92189F106 | 152,000 | $7.0M | 0.22% |
| 61 | EPAM SYS INC | EPAM | 41,300 | $7.0M | 0.22% |
| 62 | EQT CORP | EQT | 114,001 | $6.1M | 0.19% |
| 63 | ALIGHT INC | ALIT | 1,000,000 | $5.9M | 0.19% |
| 64 | TESLA INC | TSLA | 19,700 | $5.1M | 0.16% |
| 65 | GAP INC | GAP | 227,713 | $4.7M | 0.15% |
| 66 | ALPHABET INC | GOOG | 29,571 | $4.6M | 0.14% |
| 67 | BROADCOM INC | AVGO | 22,800 | $3.8M | 0.12% |
| 68 | TECK RESOURCES LTD | TCKRF | 103,990 | $3.8M | 0.12% |
| 69 | VICTORIAS SECRET AND CO | 926400102 | 200,000 | $3.7M | 0.12% |
| 70 | CARNIVAL CORP | CUKPF | 190,001 | $3.7M | 0.12% |
| 71 | SOCIEDAD QUIMICA Y MINERA DE | 833635105 | 80,000 | $3.2M | 0.10% |
| 72 | APPLOVIN CORP | APP | 11,400 | $3.0M | 0.09% |
| 73 | CAPRI HOLDINGS LIMITED | CPRI | 150,000 | $3.0M | 0.09% |
| 74 | SHERWIN WILLIAMS CO | SHW | 8,164 | $2.9M | 0.09% |
| 75 | XP INC | XP | 200,000 | $2.8M | 0.09% |
| 76 | ISHARES TR | 464287515 | 30,000 | $2.7M | 0.08% |
| 77 | YUM BRANDS INC | YUM | 15,700 | $2.5M | 0.08% |
| 78 | SIGMA LITHIUM CORPORATION | SGML | 232,300 | $2.4M | 0.08% |
| 79 | BRINKER INTL INC | 109641100 | 15,200 | $2.3M | 0.07% |
| 80 | META PLATFORMS INC | META | 3,801 | $2.2M | 0.07% |
| 81 | NRG ENERGY INC | NRG | 22,800 | $2.2M | 0.07% |
| 82 | SEA LTD | SE | 15,200 | $2.0M | 0.06% |
| 83 | CHIPOTLE MEXICAN GRILL INC | CMG | 39,000 | $2.0M | 0.06% |
| 84 | CELESTICA INC | CLS | 22,800 | $1.8M | 0.06% |
| 85 | SERVICE CORP INTL | 817565104 | 22,300 | $1.8M | 0.06% |
| 86 | APPLE INC | AAPL | 7,966 | $1.8M | 0.06% |
| 87 | SELECT SECTOR SPDR TR | 81369Y209 | 11,292 | $1.6M | 0.05% |
| 88 | LOWES COS INC | 548661107 | 6,965 | $1.6M | 0.05% |
| 89 | ON HLDG AG | H5919C104 | 30,400 | $1.3M | 0.04% |
| 90 | MURPHY USA INC | MUSA | 2,800 | $1.3M | 0.04% |
| 91 | ECOPETROL S A | EC | 114,000 | $1.2M | 0.04% |
| 92 | ARK ETF TR | 00214Q104 | 24,667 | $1.2M | 0.04% |
| 93 | BLOCK H & R INC | BSQKZ | 20,100 | $1.1M | 0.03% |
| 94 | VISTA ENERGY S.A.B. DE C.V. | VSOGF | 22,532 | $1.0M | 0.03% |
| 95 | WENDYS CO | 95058W100 | 69,000 | $1.0M | 0.03% |
| 96 | UNITED AIRLS HLDGS INC | UNTCW | 11,400 | $787,170 | 0.02% |
| 97 | MEDICAL PPTYS TRUST INC | 58463J304 | 120,000 | $723,600 | 0.02% |
| 98 | CENTURY ALUM CO | CENX | 38,001 | $705,299 | 0.02% |
| 99 | SPORTRADAR GROUP AG | SRAD | 30,400 | $657,248 | 0.02% |
| 100 | EMPRESA DIST Y COMERCIAL NOR | 29244A102 | 18,400 | $561,936 | 0.02% |
| 101 | BANCOLOMBIA S A | 05968L102 | 12,634 | $507,887 | 0.02% |
| 102 | NVIDIA CORPORATION | NVDA | 3,800 | $411,844 | 0.01% |
| 103 | VTEX | VTEX | 53,300 | $270,231 | 0.01% |