Institutional Manager · CIK 0001536080
Banco BTG Pactual S.A.
RIO DE JANEIRO, D5 · File #028-17443
Latest AUM
$585.1M
Positions
163
Top-10 Concentration
54.2%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| EXITED | JBS N.V. | N4732M103 | -9,589,738 | -$143.2M | $0 |
| REDUCE | ISHARES INC | 464286400 | -284,021 | -$21.6M | +$12.9M |
| EXITED | KRANESHARES TRUST | 500767306 | -510,700 | -$21.5M | $0 |
| ADD | NVIDIA CORPORATION | NVDA | +81,318 | +$15.2M | -$16,026 |
| ADD | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | +46,564 | +$14.2M | +$1.6M |
| REDUCE | CITIGROUP INC | C-PR | -108,032 | -$12.6M | +$2.1M |
| REDUCE | CAPITAL ONE FINL CORP | 14040H105 | -48,336 | -$11.7M | +$9.1M |
| NEW | FLUTTER ENTMT PLC | G3643J108 | +50,000 | +$10.8M | $0 |
| REDUCE | INVESCO QQQ TR | IVZ | -9,468 | -$10.1M | +$4.8M |
| REDUCE | ALPHABET INC | GOOG | -31,456 | -$9.8M | +$5.3M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025163 pos · $585.1M
- 13F HOLDINGS REPORTQ/E Sep 2025155 pos · $684.9M
- 13F HOLDINGS REPORTQ/E Jun 2025154 pos · $491.5M
- 13F HOLDINGS REPORTQ/E Mar 2025187 pos · $404.9M
- 13F HOLDINGS REPORTQ/E Dec 2024168 pos · $429.6M
- 13F HOLDINGS REPORTQ/E Sep 2024158 pos · $388.6M
- 13F HOLDINGS REPORTQ/E Jun 2024159 pos · $640.8M
- 13F HOLDINGS REPORTQ/E Mar 2024180 pos · $592.3M
- 13F HOLDINGS REPORTQ/E Dec 2023122 pos · $415.9M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | NVIDIA CORPORATION | NVDA | 281,651 | $52.5M | 10.26% |
| 2 | META PLATFORMS INC | META | 67,660 | $44.7M | 8.72% |
| 3 | MICROSOFT CORP | MSFT | 78,008 | $37.7M | 7.37% |
| 4 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 110,096 | $33.5M | 6.53% |
| 5 | AMAZON COM INC | AMZN | 144,000 | $33.2M | 6.49% |
| 6 | ALPHABET INC | GOOG | 56,605 | $17.8M | 3.47% |
| 7 | NU HLDGS LTD | NU | 971,116 | $16.3M | 3.17% |
| 8 | ALIBABA GROUP HLDG LTD | BBAAY | 100,013 | $14.7M | 2.86% |
| 9 | ALPHABET INC | GOOG | 44,120 | $13.8M | 2.70% |
| 10 | BOOKING HOLDINGS INC | BKNG | 2,553 | $13.7M | 2.67% |
| 11 | BROADCOM INC | AVGO | 35,691 | $12.4M | 2.41% |
| 12 | DBX ETF TR | 233051879 | 350,000 | $11.5M | 2.25% |
| 13 | FLUTTER ENTMT PLC | G3643J108 | 50,000 | $10.8M | 2.10% |
| 14 | VISA INC | V | 30,072 | $10.5M | 2.06% |
| 15 | ISHARES INC | 464286400 | 41,000 | $8.8M | 1.73% |
| 16 | GLOBAL X FDS | 37954Y632 | 172,818 | $8.8M | 1.72% |
| 17 | SPDR GOLD TR | GLD | 1,600 | $8.6M | 1.67% |
| 18 | LATAM AIRLINES GROUP SA | LTM | 155,200 | $8.4M | 1.64% |
| 19 | PDD HOLDINGS INC | PDD | 68,967 | $7.8M | 1.53% |
| 20 | PAMPA ENERGIA S A | 697660207 | 88,217 | $7.8M | 1.52% |