BW Gestao de Investimentos Ltda. Q3 2016 Filing

Filed November 9, 2016

Portfolio Value

$140.7B

Holdings

52

Report Date

Q3 2016

Filing Type

13F-HR

All Holdings (52 positions)

#StockSharesValue% PortfolioType
1
VOOVANGUARD S&P 500 ETF
166,409$33.1B23.51%
2
VEAVANGUARD FTSE DEVELOPED ETF
572,114$21.4B15.22%
3
MPCMARATHON PETROLEUM CORP
300,887$12.2B8.68%
4
JPMJPMORGAN CHASE & CO
158,674$10.6B7.51%
5
GSGOLDMAN SACHS GROUP INC
63,122$10.2B7.24%
6
STLDSTEEL DYNAMICS INC
400,000$10.0B7.11%
7
WFCWELLS FARGO & COMPANY
207,240$9.2B6.52%
8
VBVANGUARD SMALL-CAP ETF
48,975$6.0B4.25%
9
SPYSPDR S&P500 ETF TRUST
20,900$4.5B3.21%Put
10
VWOVANGUARD EMERGING MARKET
43,698$1.6B1.17%
11
KBESPDR S&P BANK ETF
36,012$1.2B0.85%
12
EWPISHARES MSCI SPAIN INDEX FUND
43,354$1.2B0.83%
13
AMERICAN CAPITAL LTD
58,585$991.0M0.70%
14
AINALBANY INTL CORP-CL A
21,955$930.0M0.66%
15
SYU1SYNOVUS FINANCIAL CORP
24,990$813.0M0.58%
16
SATSECHOSTAR CORP-A
17,855$783.0M0.56%
17
NEENAH PAPER INC
9,457$747.0M0.53%
18
FOREST CITY REALTY TRUST- A
31,370$726.0M0.52%
19
MUSAMURPHY USA INC
10,016$715.0M0.51%
20
AIZASSURANT INC
7,335$677.0M0.48%
21
TFSLTFS FINANCIAL CORP
35,825$638.0M0.45%
22
VRTSVIRTUS INVESTMENT PARTNERS
6,263$613.0M0.44%
23
RGSUSDREGIS CORP
43,435$545.0M0.39%
24
PRIPRIMERICA INC
10,265$544.0M0.39%
25
MGRCMCGRATH RENTCORP
17,153$544.0M0.39%
26
ATNIATLANTIC TELE-NETWORK INC
8,250$537.0M0.38%
27
BRBROADRIDGE FINANCIAL SOLUTIO
7,890$535.0M0.38%
28
NORTHSTAR REALTY FINANCE
40,150$529.0M0.38%
29
MFAUSDMFA FINANCIAL INC
69,822$522.0M0.37%
30
CLWCLEARWATER PAPER CORP
7,933$513.0M0.36%
31
CORECORE-MARK HOLDING CO INC
13,814$495.0M0.35%
32
CAPITAL BANK FINANCIAL-CL A
15,326$492.0M0.35%
33
NXSTNEXSTAR BROADCASTING GROUP-A
8,505$491.0M0.35%
34
NORTHSTAR ASSET MANAGEMEN-WI
37,932$490.0M0.35%
35
DELTIC TIMBER CORP
6,748$457.0M0.32%
36
DENNDENNY'S CORPORATION
41,596$445.0M0.32%
37
DIGITALGLOBE INC
16,140$444.0M0.32%
38
KAIKADANT INC
8,410$438.0M0.31%
39
NPOENPRO INDUSTRIES INC
7,430$422.0M0.30%
40
AIR METHODS CORP
12,530$395.0M0.28%
41
PARRPAR PACIFIC HOLDINGS INC
30,183$395.0M0.28%
42
CTSCTS CORP
20,565$383.0M0.27%
43
CASYCASEYS GENERAL STORES INC
2,567$308.0M0.22%
44
PROVIDENCE SERVICE CORP
6,005$292.0M0.21%
45
MMSMAXIMUS INC
4,994$282.0M0.20%
46
RNSTRENASANT CORP
7,460$251.0M0.18%
47
OCFCOCEANFIRST FINANCIAL CORP
12,455$240.0M0.17%
48
NATIONAL GENERAL HLDGS
10,665$237.0M0.17%
49
FSSFEDERAL SIGNAL CORP
17,590$233.0M0.17%
50
DST SYSTEMS INC
1,760$208.0M0.15%
51
MHLAMAIDEN HOLDINGS LTD
13,325$169.0M0.12%
52
DESTINATION MATERNITY CORP
11,789$83.0M0.06%