13F HOLDINGS REPORT
SPX Gestao de Recursos Ltda
Quarter ended Q1 2025 · Filed May 14, 2025 · Accession 0001589176-25-000003
Total Value
$776.6M
Positions
107
Other Managers
1
Confidential Omitted
No
Holdings (107)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | VALE SA SP ADR | VALE | 5,388,044 | $53.8M | 6.92% |
| 2 | ISHARES CORE S&P SMALL-CAP ETF | 464287804 | 454,866 | $47.6M | 6.12% |
| 3 | SPDR S&P MIDCAP 400 ETF | MDY | 86,698 | $46.3M | 5.96% |
| 4 | COPA HOLDINGS SA | CPA | 447,781 | $41.4M | 5.33% |
| 5 | VINCI PARTNERS INVESTMENTS-A | VINP | 3,505,030 | $35.5M | 4.57% |
| 6 | XP INC - CLASS A | XP | 2,497,615 | $34.3M | 4.42% |
| 7 | PAGSEGURO DIGITAL LTD-CL A | PAGS | 4,147,775 | $31.6M | 4.08% |
| 8 | CREDICORP | BAP | 149,042 | $27.7M | 3.57% |
| 9 | VISTRA CORP | VST | 224,000 | $26.3M | 3.39% |
| 10 | PETROLEO BRASILEIRO ADR | 71654V408 | 1,520,388 | $21.8M | 2.81% |
| 11 | ARCOS DORADOS HOLDINGS INC | ARCO | 2,506,774 | $20.2M | 2.60% |
| 12 | TALEN ENERGY CORP | TLN | 98,100 | $19.6M | 2.52% |
| 13 | SPDR S&P 600 SMALL CAP VALUE ETF | 78464A300 | 213,190 | $16.7M | 2.15% |
| 14 | PETROLEO BRASILEIRO SA PETRO | 71654V101 | 1,237,620 | $16.1M | 2.08% |
| 15 | VERTIV HOLDINGS LLC | VRT | 210,000 | $15.2M | 1.95% |
| 16 | INVESCO S&P SMALLCAP QUALITY E | IVZ | 366,241 | $14.5M | 1.86% |
| 17 | ADECOAGRO SA | AGRO | 1,227,609 | $13.7M | 1.77% |
| 18 | HDFC BK LTD | HDB | 203,077 | $13.5M | 1.74% |
| 19 | MICRON TECHNOLOGY INC | MU | 153,672 | $13.4M | 1.72% |
| 20 | INVESCO S&P 500 EQUAL WEIGHT E | IVZ | 71,107 | $12.3M | 1.59% |
| 21 | GRUPO FINANCIERO GALICIA | GGAL | 221,714 | $12.1M | 1.56% |
| 22 | SEMPRA | SREA | 169,179 | $12.1M | 1.55% |
| 23 | PG&E CORP | PCG-PX | 698,300 | $12.0M | 1.54% |
| 24 | PUBLIC SERVICE ENTERPRISE GROUP INC | 744573106 | 145,000 | $11.9M | 1.54% |
| 25 | AMAZON.COM INC | AMZN | 55,500 | $10.6M | 1.36% |
| 26 | CHEVRON CORP | CVX | 60,000 | $10.0M | 1.29% |
| 27 | SEA LTD-ADR | SE | 75,000 | $9.8M | 1.26% |
| 28 | BASIC SANITATION COMPANY OF THE STATE OF | SBS | 460,646 | $8.2M | 1.06% |
| 29 | COMPANHIA PARANAENSE DE ENERGI | 20441B605 | 1,110,813 | $8.1M | 1.05% |
| 30 | OSHARES U.S. SMALL-CAP QUALI | 00162Q395 | 174,159 | $7.3M | 0.94% |
| 31 | TESLA INC | TSLA | 27,000 | $7.0M | 0.90% |
| 32 | META PLATFORMS INC | META | 12,000 | $6.9M | 0.89% |
| 33 | EMBRAER SA | EMBJ | 139,364 | $6.4M | 0.83% |
| 34 | BANCO MACRO BANSUD SA | 05961W105 | 81,871 | $6.2M | 0.80% |
| 35 | COMPHANIA DE BEBIDAS DAS AMERICAS AMBEV | ABEV | 2,564,374 | $6.0M | 0.77% |
| 36 | LATAM AIRLINES GROUP-SP ADR | LTM | 188,213 | $5.9M | 0.76% |
| 37 | VESTA REAL ESTATE CORPORATION | VTMX | 253,726 | $5.8M | 0.75% |
| 38 | RIO TINTO PLC | RTNTF | 94,136 | $5.7M | 0.73% |
| 39 | SHELL PLC-ADR | RYDAF | 76,600 | $5.6M | 0.72% |
| 40 | BP PLC | BPPFF | 164,350 | $5.6M | 0.72% |
| 41 | UBER TECHNOLOGIES INC | UBER | 67,500 | $4.9M | 0.63% |
| 42 | FREEPORT-MCMORAN INC | FCX | 125,000 | $4.7M | 0.61% |
| 43 | CENTRAIS ELETRICAS BR-SP ADR | 15234Q207 | 594,050 | $4.2M | 0.54% |
| 44 | ALIBABA GROUP HOLDING LTD | BBAAY | 31,500 | $4.2M | 0.54% |
| 45 | EQT CORP | EQT | 75,000 | $4.0M | 0.52% |
| 46 | NRG ENERGY INC | NRG | 40,000 | $3.8M | 0.49% |
| 47 | GE VERNOVA LLC | GEV | 12,500 | $3.8M | 0.49% |
| 48 | QUANTA SVCS | 74762E102 | 15,000 | $3.8M | 0.49% |
| 49 | NVIDIA CORP | NVDA | 35,000 | $3.8M | 0.49% |
| 50 | XCEL ENERGY INC | XELLL | 52,500 | $3.7M | 0.48% |
| 51 | ITAU UNIBANCO HOLDING SA | 465562106 | 674,067 | $3.7M | 0.48% |
| 52 | WEC ENERGY GROUP INC | WEC | 30,000 | $3.3M | 0.42% |
| 53 | CLOUDFLARE INC - CLASS A | NET | 25,000 | $2.8M | 0.36% |
| 54 | BANCO SANTANDER CHILE | BSAC | 118,656 | $2.7M | 0.35% |
| 55 | CONSTELLATION ENERGY CORP | CEG | 12,500 | $2.5M | 0.32% |
| 56 | SPROT PHYS SILVR | SII | 200,000 | $2.3M | 0.30% |
| 57 | SNOWFLAKE INC-CLASS A | SNOW | 15,000 | $2.2M | 0.28% |
| 58 | BLOOM ENERGY CORP- A | BE | 100,000 | $2.0M | 0.25% |
| 59 | ADVANCED MICRO DEVICES | AMD | 17,700 | $1.8M | 0.23% |
| 60 | SUZANO SA | SUZ | 180,846 | $1.7M | 0.22% |
| 61 | EXPAND ENERGY CORP | EXE | 15,000 | $1.7M | 0.22% |
| 62 | WILLIAMS COS INC | 969457100 | 25,000 | $1.5M | 0.19% |
| 63 | AT & T INC | T-PC | 50,000 | $1.4M | 0.18% |
| 64 | ORACLE CORP | ORCL-PD | 10,000 | $1.4M | 0.18% |
| 65 | SHARKNINJA INC | SN | 15,700 | $1.3M | 0.17% |
| 66 | ENTERGY CORPORATION | ENO | 15,000 | $1.3M | 0.17% |
| 67 | FLOWSERVE CORP | FLS | 25,000 | $1.2M | 0.16% |
| 68 | BLUE OWL CAPITAL INC | OWL | 60,300 | $1.2M | 0.16% |
| 69 | TRANSDIGM GROUP INC | TDG | 800 | $1.1M | 0.14% |
| 70 | OKLO INC | OKLO | 50,000 | $1.1M | 0.14% |
| 71 | CORPAY INC | CPAY | 3,100 | $1.1M | 0.14% |
| 72 | ROBINHOOD MARKETS INC - A | 770700102 | 25,000 | $1.0M | 0.13% |
| 73 | PUT - HYG 100 @ 78 EXP 05/16/2025 | 99DBV3566 | 13,750 | $1.0M | 0.13% |
| 74 | ISHARE CHINA LARGE CAP ETF | 464287184 | 25,370 | $909,261 | 0.12% |
| 75 | GRINDR INC | GRND | 42,100 | $753,590 | 0.10% |
| 76 | BHP BILLITON LTD -SPON ADR | BHPLF | 14,959 | $726,110 | 0.09% |
| 77 | LUXEXPERIENCE BV | 55406W103 | 90,500 | $684,180 | 0.09% |
| 78 | ARCHER AVIATION INC | ACHR-WT | 90,000 | $639,900 | 0.08% |
| 79 | RIGETTI COMPUTING INC | RGTIW | 75,000 | $594,000 | 0.08% |
| 80 | BRAZIL POTASH CORP | GRO | 187,360 | $573,322 | 0.07% |
| 81 | CANTALOUPE INC | CTLPP | 69,000 | $543,030 | 0.07% |
| 82 | PAGAYA TECHNOLOGIES LTD -A | PGYWW | 49,300 | $516,664 | 0.07% |
| 83 | PUT - HYG 100 @ 78 EXP 04/17/2025 | 99DBBCTX3 | 13,750 | $508,750 | 0.07% |
| 84 | CIA PARANAENSE DE ENER-ADR | 20441B704 | 68,672 | $462,849 | 0.06% |
| 85 | CALL- FXI 100 @ 37 EXP 06/20/2025 | 99D9K31Z3 | 3,000 | $429,990 | 0.06% |
| 86 | AMBIPAR EMERGENCY RESPONS-28 | AMBWQ | 1,592,965 | $398,241 | 0.05% |
| 87 | CORE SCIENTIFIC INC | 21874A106 | 51,200 | $370,688 | 0.05% |
| 88 | CENTRAIS ELEC BRAS-ADR PREF | 15234Q108 | 45,804 | $356,813 | 0.05% |
| 89 | CALL- NVDA 100 @ 120 EXP 04/17/2025 | 99DDTD951 | 2,000 | $206,000 | 0.03% |
| 90 | BANCO SANTANDER | BSBR | 42,574 | $200,524 | 0.03% |
| 91 | PUT - QQQ 100 @ 445 EXP 04/17/2025 | 99DHG76Z6 | 500 | $174,500 | 0.02% |
| 92 | CALL- QQQ 100 @ 500 EXP 04/17/2025 | 99DHG78T8 | 1,000 | $88,500 | 0.01% |
| 93 | NAYAX LTD | NYAX | 2,600 | $88,010 | 0.01% |
| 94 | COMPNHIA ENRG | 204409601 | 49,795 | $87,639 | 0.01% |
| 95 | INTER & CO INC - CL A | INTR | 14,231 | $77,986 | 0.01% |
| 96 | CALL- XLU 100 @ 84 EXP 04/25/2025 | 99DJX62B2 | 1,000 | $53,010 | 0.01% |
| 97 | CALL- EWZ 100 @ 28 EXP 04/17/2025 | 99DH8L9N8 | 6,000 | $51,000 | 0.01% |
| 98 | CALL- HOOD 100 @ 55 EXP 04/17/2025 | 99DGVHCR0 | 2,600 | $50,700 | 0.01% |
| 99 | AMBIPAR EMERGENCY RESPONSE | AMBWQ | 8,942 | $44,352 | 0.01% |
| 100 | CALL- HON 100 @ 280 EXP 06/20/2025 | 99D9NZX35 | 2,500 | $31,550 | 0.00% |
| 101 | CALL- TSM 100 @ 190 EXP 04/17/2025 | 99DDKT9K2 | 300 | $24,003 | 0.00% |
| 102 | BANCO BRADESCO | 059460303 | 8,961 | $19,983 | 0.00% |
| 103 | CALL- AMZN 100 @ 235 EXP 05/16/2025 | 99DGL6XG6 | 200 | $9,700 | 0.00% |
| 104 | CALL- DELL 100 @ 115 EXP 05/16/2025 | 99DGQ5699 | 200 | $8,500 | 0.00% |
| 105 | CALL- RBLX 100 @ 75 EXP 04/17/2025 | 99DG3BVW2 | 2,000 | $8,060 | 0.00% |
| 106 | CALL- SMH 100 @ 245 EXP 04/17/2025 | 99DG1D913 | 100 | $2,759 | 0.00% |
| 107 | WALDENCAST ACQ CL A -CW27 | WALDW | 1,988 | $260 | 0.00% |