Bw Gestao De Investimentos Ltda.
Institutional manager — quarterly 13F holdings, Q ending 2026-03-31
Reported value
$3.01B
Q ending 2026-03-31
Prior quarter
$4.43B
Q ending 2025-12-31
Change
-32.1% QoQ · -5.4% YoY
Positions
270
reported holdings
Largest positions
Top 100 of 270 reported positions by value, Q ending 2026-03-31. A manager can hold shares, calls and puts on the same security at once — such positions are listed as separate rows. Type: Shares = common stock, Put/Call = option positions (valued at the underlying), Principal = debt. Tickers link to stock pages where covered.
| Holding | Ticker | Type | Value ▼ | Shares |
|---|---|---|---|---|
| State Str Spdr S&P 500 Etf T | SPY | Put | $260.1M | 400K |
| Ishares Tr | IWM | Put | $223.2M | 900K |
| Ishares Tr | IVV | Shares | $196.0M | 300K |
| Tesla Inc | TSLA | Put | $74.3M | 200K |
| Rb Global Inc | RBA | Shares | $69.5M | 725K |
| Tenet Healthcare Corp | THC | Shares | $60.5M | 320K |
| Invesco Qqq Tr | QQQ | Put | $57.7M | 100K |
| Select Sector Spdr Tr | XLU | Shares | $41.3M | 900K |
| Echostar Corp | ECHO | Shares | $39.9M | 341K |
| Ishares Tr | IWM | Call | $37.2M | 150K |
| Sable Offshore Corp | SOC | Shares | $35.2M | 2.1M |
| Ishares Tr | IGV | Call | $32.0M | 400K |
| Global X Fds | COPX | Shares | $31.3M | 410K |
| Broadcom Inc | AVGO | Shares | $30.9M | 100K |
| Select Sector Spdr Tr | XLV | Shares | $29.5M | 201K |
| Capital One Finl Corp | COF | Call | $27.4M | 150K |
| American Airlines Group Inc | AAL | Shares | $26.5M | 2.5M |
| Sherwin Williams Co | SHW | Shares | $25.0M | 78K |
| Nutanix Inc | NTNX | Shares | $23.9M | 630K |
| Blackstone Inc | BX | Shares | $22.5M | 196K |
| Ecolab Inc | ECL | Shares | $21.9M | 82K |
| Dicks Sporting Goods Inc | DKS | Shares | $21.5M | 108K |
| Capri Holdings Limited | Shares | $21.1M | 1.2M | |
| Southern Co | SO | Shares | $20.2M | 209K |
| American Elec Pwr Co Inc | AEP | Shares | $20.1M | 153K |
| Alcoa Corp | AA | Shares | $20.1M | 302K |
| Medline Inc | MDLN | Shares | $19.6M | 440K |
| Xcel Energy Inc | XEL | Shares | $19.4M | 244K |
| Comfort Sys Usa Inc | FIX | Shares | $19.3M | 14K |
| Microsoft Corp | MSFT | Shares | $19.2M | 52K |
| Ross Stores Inc | ROST | Shares | $19.0M | 88K |
| Parker-Hannifin Corp | PH | Shares | $18.9M | 21K |
| Talen Energy Corp | TLN | Shares | $18.8M | 59K |
| Consolidated Edison Inc | ED | Shares | $18.5M | 163K |
| Globant S A | Shares | $18.2M | 396K | |
| Uipath Inc | PATH | Shares | $18.2M | 1.6M |
| Century Alum Co | CENX | Shares | $18.1M | 309K |
| Pan Amern Silver Corp | PAAS | Shares | $17.3M | 316K |
| Freeport Mcmoran Inc | FCX | Shares | $17.0M | 290K |
| Venture Global Inc | VG | Shares | $16.9M | 1.1M |
| Micron Technology Inc | MU | Put | $16.9M | 50K |
| Apple Inc | AAPL | Shares | $16.9M | 66K |
| Ishares Silver Tr | SLV | Shares | $16.4M | 240K |
| Williams Cos Inc | WMB | Shares | $16.0M | 220K |
| Centerpoint Energy Inc | CNP | Shares | $16.0M | 370K |
| Forgent Power Solutions Inc | FPS | Shares | $15.8M | 540K |
| Amrize Ltd | Shares | $15.8M | 281K | |
| Zions Bancorporation Natl As | ZION | Shares | $15.3M | 265K |
| Nutanix Inc | NTNX | Call | $15.2M | 400K |
| Clarivate Plc | Shares | $15.0M | 5.9M | |
| Southwest Gas Hldgs Inc | SWX | Shares | $14.4M | 165K |
| Idacorp Inc | IDA | Shares | $14.2M | 100K |
| Warner Bros Discovery Inc | WBD | Shares | $14.2M | 516K |
| Planet Fitness Master Issuer | PLNT | Shares | $14.1M | 190K |
| Ugi Corp New | UGI | Shares | $13.8M | 378K |
| International Flavors&Fragra | IFF | Shares | $13.1M | 180K |
| H2O America | HTO | Shares | $13.0M | 221K |
| Nrg Energy Inc | NRG | Shares | $12.8M | 88K |
| Global X Fds | LIT | Shares | $12.8M | 172K |
| Flagstar Bank National Assoc | FLG | Shares | $12.5M | 950K |
| Gildan Activewear Inc | GIL | Shares | $12.5M | 224K |
| Bankunited Inc | BKU | Shares | $12.2M | 270K |
| United Airls Hldgs Inc | UAL | Shares | $12.2M | 132K |
| Cloudflare Inc | NET | Shares | $12.1M | 59K |
| Global X Fds | URA | Shares | $12.0M | 249K |
| Curtiss Wright Corp | CW | Shares | $12.0M | 18K |
| Pinnacle Finl Partners Inc | PNFP | Shares | $11.9M | 138K |
| Sharkninja Inc | Shares | $11.2M | 106K | |
| Tesla Inc | TSLA | Shares | $11.2M | 30K |
| Amazon Com Inc | AMZN | Shares | $11.0M | 53K |
| Columbia Bkg Sys Inc | COLB | Shares | $11.0M | 400K |
| Ciena Corp | CIEN | Shares | $10.9M | 28K |
| Nextpower Inc | NXT | Shares | $10.6M | 88K |
| Vistra Corp | VST | Shares | $10.5M | 70K |
| Digitalocean Hldgs Inc | DOCN | Shares | $10.5M | 123K |
| Pg&E Corp | PCG | Shares | $10.2M | 583K |
| Firstenergy Corp | FE | Shares | $10.1M | 200K |
| Ishares Tr | EEM | Shares | $9.9M | 175K |
| Ge Aerospace | GE | Shares | $9.9M | 35K |
| Spdr Series Trust | XHB | Shares | $9.9M | 100K |
| Celestica Inc | CLS | Shares | $9.9M | 35K |
| Lumentum Hldgs Inc | LITE | Shares | $9.8M | 14K |
| Ci&T Inc | Shares | $9.8M | 1.9M | |
| Uniti Group Llc | UNIT | Shares | $9.7M | 1.0M |
| Invesco Exchange Traded Fd T | RSP | Shares | $9.6M | 50K |
| Morgan Stanley | MS | Shares | $9.5M | 58K |
| Evergy Inc | EVRG | Shares | $9.3M | 114K |
| Paramount Skydance Corp | PSKY | Shares | $9.3M | 1.0M |
| Stifel Finl Corp | SF | Shares | $9.2M | 125K |
| Capital One Finl Corp | COF | Shares | $9.2M | 50K |
| Kinross Gold Corp | KGC | Shares | $9.2M | 301K |
| Keycorp | KEY | Shares | $9.2M | 457K |
| Eve Hldg Inc | EVEX | Shares | $9.1M | 3.7M |
| Affiliated Managers Group | AMG | Shares | $9.1M | 33K |
| Black Hills Corp | BKH | Shares | $9.1M | 131K |
| Wintrust Finl Corp | WTFC | Shares | $9.0M | 65K |
| Delta Air Lines Inc | DAL | Shares | $8.9M | 134K |
| Arcelormittal Sa Luxembourg | MT | Shares | $8.9M | 171K |
| Jpmorgan Chase & Co | JPM | Shares | $8.8M | 30K |
| Franco Nev Corp | FNV | Shares | $8.8M | 36K |
Values as reported in public regulatory filings (USD); holdings are reported quarterly, up to 45 days after quarter end, and may contain reporting errors. Nothing here is investment advice.