13F HOLDINGS REPORT
SPX Gestao de Recursos Ltda
Quarter ended Q2 2025 · Filed August 12, 2025 · Accession 0001589176-25-000004
Total Value
$1.07B
Positions
117
Other Managers
1
Confidential Omitted
No
Holdings (117)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | ISHARES CORE S&P SMALL-CAP ETF | 464287804 | 787,565 | $86.1M | 8.03% |
| 2 | VISTRA CORP | VST | 351,000 | $68.0M | 6.35% |
| 3 | PETROLEO BRASILEIRO ADR | 71654V408 | 4,990,500 | $62.4M | 5.82% |
| 4 | TALEN ENERGY CORP | TLN | 170,700 | $49.6M | 4.63% |
| 5 | COPA HOLDINGS SA | CPA | 434,244 | $47.8M | 4.45% |
| 6 | CONSTELLATION ENERGY CORP | CEG | 143,000 | $46.2M | 4.31% |
| 7 | META PLATFORMS INC | META | 58,930 | $43.5M | 4.06% |
| 8 | CREDICORP | BAP | 186,961 | $41.8M | 3.90% |
| 9 | AMAZON.COM INC | AMZN | 173,900 | $38.2M | 3.56% |
| 10 | VINCI COMPASS INVESTMENTS LTD | VINP | 3,759,784 | $36.4M | 3.39% |
| 11 | ARCOS DORADOS HOLDINGS INC | ARCO | 4,534,496 | $35.8M | 3.34% |
| 12 | VERTIV HOLDINGS LLC | VRT | 230,000 | $29.5M | 2.75% |
| 13 | VALE SA SP ADR | VALE | 2,741,291 | $26.6M | 2.48% |
| 14 | SEMPRA | SREA | 308,218 | $23.4M | 2.18% |
| 15 | TRANSPORT GAS SUR B ADR | 893870204 | 837,142 | $21.7M | 2.02% |
| 16 | HESS CORPORATION | HESM | 151,794 | $21.0M | 1.96% |
| 17 | PILGRIMS PRIDE CORP | PPC | 455,475 | $20.5M | 1.91% |
| 18 | ALPHABET INC CLASS C | GOOG | 114,913 | $20.4M | 1.90% |
| 19 | PETROLEO BRASILEIRO SA PETRO | 71654V101 | 1,724,375 | $19.9M | 1.86% |
| 20 | GRUPO FINANCIERO GALICIA | GGAL | 368,261 | $18.6M | 1.73% |
| 21 | SPDR S&P BANK ETF | 78464A797 | 322,200 | $18.0M | 1.68% |
| 22 | RIO TINTO PLC | RTNTF | 278,840 | $16.3M | 1.52% |
| 23 | ALPHABET INC CLASS A COMMON STOCK | GOOG | 80,000 | $14.1M | 1.32% |
| 24 | BP PLC | BPPFF | 457,113 | $13.7M | 1.28% |
| 25 | BANCO BRADESCO | 059460303 | 3,902,945 | $12.1M | 1.12% |
| 26 | EMBRAER SA | EMBJ | 198,609 | $11.3M | 1.05% |
| 27 | BHP BILLITON LTD -SPON ADR | BHPLF | 217,500 | $10.5M | 0.98% |
| 28 | HDFC BK LTD | HDB | 123,077 | $9.4M | 0.88% |
| 29 | GERDAU SA | GGB | 2,869,104 | $8.4M | 0.78% |
| 30 | COMPANHIA PARANAENSE DE ENERGI | 20441B605 | 916,030 | $8.4M | 0.78% |
| 31 | SPDR S&P 600 SMALL CAP VALUE ETF | 78464A300 | 104,095 | $8.3M | 0.77% |
| 32 | CORE NATURAL RESOURCES INC | CNR | 112,109 | $7.8M | 0.73% |
| 33 | INVESCO S&P SMALLCAP QUALITY E | IVZ | 189,080 | $7.7M | 0.72% |
| 34 | STONECO LTD-A | STNE | 477,213 | $7.7M | 0.71% |
| 35 | NVIDIA CORP | NVDA | 47,000 | $7.4M | 0.69% |
| 36 | GOLDMAN SACHS | GSCE | 10,000 | $7.1M | 0.66% |
| 37 | SNOWFLAKE INC-CLASS A | SNOW | 30,000 | $6.7M | 0.63% |
| 38 | ISHARES MSCI EMERGING MARKETS ETF | 464287234 | 120,000 | $5.8M | 0.54% |
| 39 | ISHARES MSCI BRAZIL ETF | 464286400 | 200,000 | $5.8M | 0.54% |
| 40 | PEABODY ENERGY CORP | BTU | 422,200 | $5.7M | 0.53% |
| 41 | XP INC - CLASS A | XP | 277,825 | $5.6M | 0.52% |
| 42 | OKLO INC | OKLO | 100,000 | $5.6M | 0.52% |
| 43 | ITAU UNIBANCO HOLDING SA | 465562106 | 793,180 | $5.4M | 0.50% |
| 44 | ISHARES MSCI SOUTH KOREA ETF | 464286772 | 74,000 | $5.3M | 0.50% |
| 45 | GE VERNOVA LLC | GEV | 10,000 | $5.3M | 0.49% |
| 46 | CENTRAIS ELETRICAS BR-SP ADR | 15234Q207 | 670,083 | $5.0M | 0.46% |
| 47 | COMPHANIA DE BEBIDAS DAS AMERICAS AMBEV | ABEV | 1,990,483 | $4.8M | 0.45% |
| 48 | BLUE OWL CAPITAL INC | OWL | 249,300 | $4.8M | 0.45% |
| 49 | SHARKNINJA INC | SN | 47,000 | $4.7M | 0.43% |
| 50 | NEWMONT CORP | NEMCL | 75,000 | $4.4M | 0.41% |
| 51 | BASIC SANITATION COMPANY OF THE STATE OF | SBS | 186,068 | $4.1M | 0.38% |
| 52 | MARVELL TECHNOLOGY INC | MRVL | 50,000 | $3.9M | 0.36% |
| 53 | UBER TECHNOLOGIES INC | UBER | 40,000 | $3.7M | 0.35% |
| 54 | EATON CORP PLC | ETN | 10,000 | $3.6M | 0.33% |
| 55 | BANK OF AMERICA | 060505104 | 75,000 | $3.5M | 0.33% |
| 56 | BANCO MACRO BANSUD SA | 05961W105 | 41,483 | $2.9M | 0.27% |
| 57 | AT & T INC | T-PC | 100,000 | $2.9M | 0.27% |
| 58 | HIMS & HERS HEALTH INC | HIMS | 50,000 | $2.5M | 0.23% |
| 59 | DOORDASH INC - A | DASH | 10,000 | $2.5M | 0.23% |
| 60 | MICRON TECHNOLOGY INC | MU | 20,000 | $2.5M | 0.23% |
| 61 | WELLS FARGO & CO | 949746101 | 30,000 | $2.4M | 0.22% |
| 62 | CORPAY INC | CPAY | 6,100 | $2.0M | 0.19% |
| 63 | GAMBLING.COM GROUP LTD | GAMB | 166,300 | $2.0M | 0.18% |
| 64 | CAMECO CORP | CCJ | 25,000 | $1.9M | 0.17% |
| 65 | SPROT PHYS SILVR | SII | 150,000 | $1.8M | 0.17% |
| 66 | TRANSDIGM GROUP INC | TDG | 1,200 | $1.8M | 0.17% |
| 67 | SANDISK CORP | SNDK | 40,000 | $1.8M | 0.17% |
| 68 | CANTALOUPE INC | CTLPP | 164,000 | $1.8M | 0.17% |
| 69 | CORE SCIENTIFIC INC | 21874A106 | 98,700 | $1.7M | 0.16% |
| 70 | SUZANO SA | SUZ | 172,511 | $1.6M | 0.15% |
| 71 | CARRIER GLOBAL CORP | CARR | 20,000 | $1.5M | 0.14% |
| 72 | NIKE INC CL B | NKE | 20,000 | $1.4M | 0.13% |
| 73 | MONGODB INC | MDB | 6,000 | $1.3M | 0.12% |
| 74 | LUXEXPERIENCE BV | 55406W103 | 155,500 | $1.2M | 0.12% |
| 75 | DATADOG INC - CLASS A | DDOG | 9,000 | $1.2M | 0.11% |
| 76 | CLOUDFLARE INC - CLASS A | NET | 6,000 | $1.2M | 0.11% |
| 77 | ARCHER AVIATION INC | ACHR-WT | 90,000 | $976,500 | 0.09% |
| 78 | NAYAX LTD | NYAX | 19,109 | $960,609 | 0.09% |
| 79 | GRINDR INC | GRND | 42,100 | $955,670 | 0.09% |
| 80 | LATAM AIRLINES GROUP-SP ADR | LTM | 23,474 | $953,983 | 0.09% |
| 81 | ISHARE CHINA LARGE CAP ETF | 464287184 | 25,370 | $932,601 | 0.09% |
| 82 | SUNRUN INC | RUN | 100,000 | $818,000 | 0.08% |
| 83 | PUT - EEM 100 @ 46.5 EXP 07/18/2025 | 99DLMG771 | 50,000 | $782,500 | 0.07% |
| 84 | GLOBAL X URANIUM | 37954Y871 | 20,000 | $776,200 | 0.07% |
| 85 | CIA PARANAENSE DE ENER-ADR | 20441B704 | 70,929 | $604,315 | 0.06% |
| 86 | URANIUM ENERGY | UEC | 75,000 | $510,000 | 0.05% |
| 87 | CALL- UBER 100 @ 90 EXP 07/18/2025 | 99DHXXBW1 | 1,000 | $488,670 | 0.05% |
| 88 | CANTOR EQUITY PARTNERS I INC | CEPO | 40,000 | $476,000 | 0.04% |
| 89 | CALL- AMZN 100 @ 225 EXP 07/18/2025 | 99DGG7FQ8 | 1,500 | $457,500 | 0.04% |
| 90 | CENTRAIS ELEC BRAS-ADR PREF | 15234Q108 | 45,939 | $379,916 | 0.04% |
| 91 | CALL- ADSK 100 @ 310 EXP 07/18/2025 | 99DGFJZ32 | 500 | $294,505 | 0.03% |
| 92 | BRAZIL POTASH CORP | GRO | 202,999 | $276,079 | 0.03% |
| 93 | RENATUS TACTICAL ACQUISITION | RTACW | 20,000 | $254,600 | 0.02% |
| 94 | PUT - XOP 100 @ 125 EXP 07/18/2025 | 99DGTTYN2 | 1,000 | $246,500 | 0.02% |
| 95 | AMBIPAR EMERGENCY RESPONS-28 | AMBWQ | 1,592,965 | $240,538 | 0.02% |
| 96 | CALL- EWZ 100 @ 28 EXP 07/18/2025 | 99DKZQ272 | 2,000 | $234,120 | 0.02% |
| 97 | CALL- IWM 100 @ 219 EXP 07/18/2025 | 99DLW52W4 | 800 | $233,200 | 0.02% |
| 98 | CALL- ORCL 100 @ 230 EXP 08/15/2025 | 99DF0L785 | 400 | $229,000 | 0.02% |
| 99 | PUT - AAPL 100 @ 195 EXP 07/18/2025 | 99DGCSK23 | 1,800 | $225,000 | 0.02% |
| 100 | CALL- NVDA 100 @ 170 EXP 08/08/2025 | 99DM7FN05 | 700 | $218,750 | 0.02% |
| 101 | CALL- FTNT 100 @ 110 EXP 07/18/2025 | 99DKM2K61 | 2,000 | $216,560 | 0.02% |
| 102 | CALL- AMZN 100 @ 230 EXP 07/18/2025 | 99DGG7G79 | 1,000 | $166,500 | 0.02% |
| 103 | CALL- AMZN 100 @ 240 EXP 08/15/2025 | 99DDCDB15 | 400 | $138,000 | 0.01% |
| 104 | CANTOR EQUITY PARTNERS-CL A | G1827P106 | 10,000 | $110,300 | 0.01% |
| 105 | CALL- UBER 100 @ 100 EXP 07/18/2025 | 99DHXX3J9 | 1,000 | $73,000 | 0.01% |
| 106 | CALL- TSLA 100 @ 400 EXP 07/18/2025 | 99DGT6N87 | 600 | $57,300 | 0.01% |
| 107 | ALIBABA GROUP HOLDING LTD | BBAAY | 500 | $56,705 | 0.01% |
| 108 | AMBIPAR EMERGENCY RESPONSE | AMBWQ | 8,942 | $44,932 | 0.00% |
| 109 | COMPNHIA ENRG | 204409601 | 21,593 | $42,322 | 0.00% |
| 110 | PUT - AAPL 100 @ 175 EXP 07/18/2025 | 99DGCSKJ6 | 2,160 | $30,240 | 0.00% |
| 111 | CALL- GGAL 100 @ 60 EXP 07/18/2025 | 99DGCF5B8 | 800 | $16,000 | 0.00% |
| 112 | PUT - MU 100 @ 105 EXP 07/18/2025 | 99DGDMFB1 | 200 | $5,600 | 0.00% |
| 113 | CALL- MU 100 @ 145 EXP 07/18/2025 | 99DGDPFZ1 | 200 | $4,700 | 0.00% |
| 114 | ENEL CHILE S.A. | ENIC | 371 | $1,347 | 0.00% |
| 115 | PUT - HYG 100 @ 77 EXP 07/18/2025 | 99DDJX2S5 | 500 | $1,085 | 0.00% |
| 116 | SPDR S&P 500 ETF TRUST | SPY | 1 | $618 | 0.00% |
| 117 | WALDENCAST ACQ CL A -CW27 | WALDW | 1,988 | $193 | 0.00% |