BW Gestao de Investimentos Ltda. Q2 2016 Filing

Filed August 19, 2016

Portfolio Value

$87.7B

Holdings

49

Report Date

Q2 2016

Filing Type

13F-HR

All Holdings (49 positions)

#StockSharesValue% PortfolioType
1
VOOVANGUARD S&P 500 ETF
177,211$34.1B38.85%
2
VEAVANGUARD FTSE DEVELOPED ETF
578,123$20.4B23.31%
3
VBVANGUARD SMALL-CAP ETF
54,786$6.3B7.23%
4
MPCMARATHON PETROLEUM CORP
100,000$3.8B4.33%
5
VWOVANGUARD EMERGING MARKET
48,573$1.7B1.95%
6
KBESPDR S&P BANK ETF
36,012$1.1B1.25%
7
EWPISHARES MSCI SPAIN INDEX FUND
43,354$1.1B1.24%
8
AMERICAN CAPITAL LTD
61,550$974.0M1.11%
9
AINALBANY INTL CORP-CL A
21,955$877.0M1.00%
10
TFSLTFS FINANCIAL CORP
47,720$822.0M0.94%
11
MUSAMURPHY USA INC
10,016$743.0M0.85%
12
SYU1SYNOVUS FINANCIAL CORP
24,990$724.0M0.83%
13
DIAMOND RESORTS INTERNATIONA
24,045$720.0M0.82%
14
FOREST CITY REALTY TRUST- A
31,370$700.0M0.80%
15
NEENAH PAPER INC
9,457$684.0M0.78%
16
SATSECHOSTAR CORP-A
16,280$646.0M0.74%
17
AIZASSURANT INC
7,335$633.0M0.72%
18
CORECORE-MARK HOLDING CO INC
13,264$622.0M0.71%
19
CLWCLEARWATER PAPER CORP
8,788$574.0M0.65%
20
ATNIATLANTIC TELE-NETWORK INC
7,335$571.0M0.65%
21
PRIPRIMERICA INC
9,250$529.0M0.60%
22
MGRCMCGRATH RENTCORP
17,153$525.0M0.60%
23
BRBROADRIDGE FINANCIAL SOLUTIO
7,890$514.0M0.59%
24
MFAUSDMFA FINANCIAL INC
69,822$508.0M0.58%
25
NORTHSTAR REALTY FINANCE
40,150$459.0M0.52%
26
DELTIC TIMBER CORP
6,748$453.0M0.52%
27
AIR METHODS CORP
12,530$449.0M0.51%
28
DENNDENNY'S CORPORATION
41,596$446.0M0.51%
29
RGSUSDREGIS CORP
35,210$438.0M0.50%
30
KAIKADANT INC
8,410$433.0M0.49%
31
PARRPAR PACIFIC HOLDINGS INC
26,263$403.0M0.46%
32
CTSCTS CORP
20,565$369.0M0.42%
33
DIGITALGLOBE INC
16,140$345.0M0.39%
34
VRTSVIRTUS INVESTMENT PARTNERS
4,843$345.0M0.39%
35
NORTHSTAR ASSET MANAGEMEN-WI
33,312$340.0M0.39%
36
CASYCASEYS GENERAL STORES INC
2,567$338.0M0.39%
37
NPOENPRO INDUSTRIES INC
7,430$330.0M0.38%
38
CO2ACATO CORP-CLASS A
8,640$326.0M0.37%
39
MMSMAXIMUS INC
4,994$277.0M0.32%
40
PROVIDENCE SERVICE CORP
6,005$270.0M0.31%
41
RNSTRENASANT CORP
7,460$241.0M0.27%
42
LBTYBLIBERTY LILAC GROUP-C
7,275$236.0M0.27%
43
NATIONAL GENERAL HLDGS
10,665$228.0M0.26%
44
FSSFEDERAL SIGNAL CORP
17,590$227.0M0.26%
45
DST SYSTEMS INC
1,760$205.0M0.23%
46
OCFCOCEANFIRST FINANCIAL CORP
11,145$203.0M0.23%
47
CAPITAL BANK FINANCIAL-CL A
6,980$201.0M0.23%
48
MHLAMAIDEN HOLDINGS LTD
12,395$152.0M0.17%
49
DESTINATION MATERNITY CORP
11,789$69.0M0.08%