BTG Pactual Asset Management US LLC Q3 2025 Filing
Filed November 13, 2025
Portfolio Value
$2.1T
Holdings
239
Report Date
Q3 2025
Filing Type
13F-HR
All Holdings (239 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | SPYSPDR S&P 500 ETF TR | 1,943,500 | $1.3T | 60.69% | Put |
| 2 | IWFISHARES TR | 205,824 | $87.4B | 4.10% | |
| 3 | MGKVANGUARD WORLD FD | 94,048 | $34.4B | 1.61% | |
| 4 | HUTHUT 8 CORP | 975,000 | $33.9B | 1.59% | Call |
| 5 | IRENIREN LIMITED | 690,003 | $32.4B | 1.52% | Call |
| 6 | CIFRCIPHER MINING INC | 2,400,000 | $30.2B | 1.42% | Call |
| 7 | MGVVANGUARD WORLD FD | 203,346 | $26.7B | 1.25% | |
| 8 | NVDANVIDIA CORPORATION | 132,797 | $24.8B | 1.16% | |
| 9 | VGKVANGUARD INTL EQUITY INDEX F | 304,732 | $23.6B | 1.11% | |
| 10 | AAPLAPPLE INC | 87,153 | $22.2B | 1.04% | Put |
| 11 | GOOGALPHABET INC | 90,300 | $22.0B | 1.03% | |
| 12 | JPMJPMORGAN CHASE & CO. | 63,337 | $20.0B | 0.94% | |
| 13 | AMZNAMAZON COM INC | 89,243 | $19.6B | 0.92% | |
| 14 | MSFTMICROSOFT CORP | 35,069 | $18.2B | 0.85% | |
| 15 | GQ9SPDR GOLD TR | 47,138 | $16.8B | 0.79% | |
| 16 | BRK/BBERKSHIRE HATHAWAY INC DEL | 29,622 | $14.4B | 0.67% | |
| 17 | XLVSELECT SECTOR SPDR TR | 101,570 | $13.7B | 0.64% | |
| 18 | KELKELLANOVA | 162,811 | $13.4B | 0.63% | Put |
| 19 | VOVANGUARD INDEX FDS | 43,839 | $12.3B | 0.58% | |
| 20 | METAMETA PLATFORMS INC | 16,565 | $12.2B | 0.57% | |
| 21 | NOWSERVICENOW INC | 12,933 | $11.9B | 0.56% | |
| 22 | VWOVANGUARD INTL EQUITY INDEX F | 206,870 | $10.2B | 0.48% | |
| 23 | DUKDUKE ENERGY CORP NEW | 82,176 | $10.2B | 0.48% | |
| 24 | EWJISHARES INC | 117,776 | $9.3B | 0.44% | |
| 25 | CYBRCYBERARK SOFTWARE LTD | 18,437 | $8.9B | 0.42% | |
| 26 | VVISA INC | 25,225 | $8.6B | 0.40% | |
| 27 | LNTALLIANT ENERGY CORP | 121,268 | $8.2B | 0.38% | |
| 28 | AEEAMEREN CORP | 78,295 | $8.2B | 0.38% | |
| 29 | CEGCONSTELLATION ENERGY CORP | 24,457 | $8.0B | 0.38% | |
| 30 | GEVGE VERNOVA INC | 12,641 | $7.8B | 0.36% | |
| 31 | VSTVISTRA CORP | 39,566 | $7.8B | 0.36% | |
| 32 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 27,392 | $7.7B | 0.36% | |
| 33 | KWEBKRANESHARES TRUST | 177,762 | $7.5B | 0.35% | Call |
| 34 | PEOEXELON CORP | 160,007 | $7.2B | 0.34% | |
| 35 | OGEOGE ENERGY CORP | 154,410 | $7.1B | 0.33% | |
| 36 | VBVANGUARD INDEX FDS | 29,252 | $6.9B | 0.32% | |
| 37 | KOS 3.125 03/15/30KOSMOS ENERGY LTD | 10,705,000 | $6.8B | 0.32% | |
| 38 | XELXCEL ENERGY INC | 83,462 | $6.7B | 0.32% | |
| 39 | URIUNITED RENTALS INC | 6,930 | $6.6B | 0.31% | |
| 40 | IWMISHARES TR | 26,780 | $6.5B | 0.30% | Call |
| 41 | VGTVANGUARD WORLD FD | 9,421 | $6.2B | 0.29% | |
| 42 | PNWPINNACLE WEST CAP CORP | 69,322 | $6.2B | 0.29% | |
| 43 | VFHVANGUARD WORLD FD | 46,079 | $5.9B | 0.27% | |
| 44 | CRWDCROWDSTRIKE HLDGS INC | 11,388 | $5.7B | 0.27% | |
| 45 | CNPCENTERPOINT ENERGY INC | 143,619 | $5.6B | 0.26% | |
| 46 | AEPAMERICAN ELEC PWR CO INC | 49,334 | $5.6B | 0.26% | |
| 47 | ABBVABBVIE INC | 23,662 | $5.5B | 0.26% | |
| 48 | MLPXGLOBAL X FDS | 86,878 | $5.4B | 0.26% | |
| 49 | LQDISHARES TR | 49,372 | $5.4B | 0.25% | |
| 50 | FYBRFRONTIER COMMUNICATIONS PARE | 144,348 | $5.4B | 0.25% | |
| 51 | VHTVANGUARD WORLD FD | 21,361 | $5.3B | 0.25% | |
| 52 | STIPISHARES TR | 46,391 | $4.8B | 0.22% | |
| 53 | LLYELI LILLY & CO | 6,034 | $4.6B | 0.22% | |
| 54 | EPPISHARES INC | 82,961 | $4.1B | 0.19% | |
| 55 | VTEBVANGUARD MUN BD FDS | 78,706 | $3.9B | 0.18% | |
| 56 | EWTISHARES INC | 58,000 | $3.7B | 0.17% | Put |
| 57 | AWCAMERICAN WTR WKS CO INC NEW | 25,265 | $3.5B | 0.16% | |
| 58 | VNQVANGUARD INDEX FDS | 39,163 | $3.5B | 0.16% | |
| 59 | AMLPALPS ETF TR | 67,040 | $3.3B | 0.15% | |
| 60 | IHSIHS HOLDING LIMITED | 464,505 | $3.2B | 0.15% | |
| 61 | SYKSTRYKER CORPORATION | 7,781 | $2.9B | 0.14% | |
| 62 | KMIKINDER MORGAN INC DEL | 95,896 | $2.7B | 0.13% | |
| 63 | MUNIPIMCO ETF TR | 50,877 | $2.6B | 0.12% | |
| 64 | NEENEXTERA ENERGY INC | 34,432 | $2.6B | 0.12% | |
| 65 | SRESEMPRA | 28,143 | $2.5B | 0.12% | |
| 66 | HCAHCA HEALTHCARE INC | 7,140 | $2.5B | 0.12% | |
| 67 | TIGOMILLICOM INTL CELLULAR S A | 63,937 | $2.4B | 0.11% | |
| 68 | OKEONEOK INC NEW | 30,478 | $2.2B | 0.10% | |
| 69 | FEFIRSTENERGY CORP | 48,336 | $2.2B | 0.10% | |
| 70 | JBSJBS N.V. | 145,953 | $2.2B | 0.10% | |
| 71 | RPRXROYALTY PHARMA PLC | 61,131 | $2.2B | 0.10% | |
| 72 | BMOBANK MONTREAL QUE | 16,220 | $2.1B | 0.10% | |
| 73 | BKHBLACK HILLS CORP | 34,012 | $2.1B | 0.10% | |
| 74 | IBBISHARES TR | 16,554 | $2.1B | 0.10% | |
| 75 | ESEVERSOURCE ENERGY | 28,414 | $2.0B | 0.09% | |
| 76 | EMLPFIRST TR EXCHANGE-TRADED FD | 52,035 | $2.0B | 0.09% | |
| 77 | BSXBOSTON SCIENTIFIC CORP | 18,630 | $1.8B | 0.09% | |
| 78 | USHYISHARES TR | 47,757 | $1.8B | 0.08% | |
| 79 | SUSUNCOR ENERGY INC NEW | 39,773 | $1.7B | 0.08% | |
| 80 | VTIVANGUARD INDEX FDS | 5,279 | $1.6B | 0.08% | |
| 81 | WTRGESSENTIAL UTILS INC | 40,112 | $1.6B | 0.08% | |
| 82 | JMUBJ P MORGAN EXCHANGE TRADED F | 31,053 | $1.5B | 0.07% | |
| 83 | XBISPDR SERIES TRUST | 15,790 | $1.3B | 0.06% | |
| 84 | S9QSPIRIT AEROSYSTEMS HLDGS INC | 32,400 | $1.3B | 0.06% | |
| 85 | STNESTONECO LTD | 65,792 | $1.2B | 0.06% | |
| 86 | AVGOBROADCOM INC | 3,723 | $1.2B | 0.06% | |
| 87 | PSXPHILLIPS 66 | 9,011 | $1.2B | 0.06% | |
| 88 | VIGVANGUARD SPECIALIZED FUNDS | 5,985 | $1.2B | 0.06% | |
| 89 | BABAALIBABA GROUP HLDG LTD | 6,710 | $1.2B | 0.06% | |
| 90 | FLUTFLUTTER ENTMT PLC | 4,174 | $1.2B | 0.06% | |
| 91 | XOMEXXON MOBIL CORP | 10,023 | $1.1B | 0.05% | |
| 92 | ARANTERO RESOURCES CORP | 33,375 | $1.1B | 0.05% | |
| 93 | AJGGALLAGHER ARTHUR J & CO | 3,444 | $1.1B | 0.05% | |
| 94 | NINISOURCE INC | 23,650 | $1.0B | 0.05% | |
| 95 | DDDUPONT DE NEMOURS INC | 13,086 | $1.0B | 0.05% | |
| 96 | HIWHIGHWOODS PPTYS INC | 30,164 | $979.1M | 0.05% | |
| 97 | ARGTGLOBAL X FDS | 13,500 | $941.8M | 0.04% | Call |
| 98 | VTVVANGUARD INDEX FDS | 5,221 | $922.8M | 0.04% | |
| 99 | TZADIREXION SHS ETF TR | 29,000 | $882.2M | 0.04% | |
| 100 | FCXFREEPORT-MCMORAN INC | 22,233 | $872.0M | 0.04% |
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