BW Gestao de Investimentos Ltda. Q4 2023 Filing

Filed February 9, 2024

Portfolio Value

$3.1T

Holdings

Report Date

Q4 2023

Filing Type

13F-HR

All Holdings (84 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	IWMISHARES TR	3,375,000	$677.4B	21.55%	Put
2	SPYSPDR S&P 500 ETF TR	750,000	$356.5B	11.34%	Put
3	RSPINVESCO EXCHANGE TRADED FD T	1,463,710	$231.0B	7.35%
4	ITBISHARES TR	1,300,000	$132.2B	4.21%	Put
5	XLISELECT SECTOR SPDR TR	1,000,000	$114.0B	3.63%	Put
6	ALLYALLY FINL INC	2,400,000	$83.8B	2.67%	Put
7	EEMISHARES TR	2,000,000	$80.4B	2.56%	Call
8	XLUSELECT SECTOR SPDR TR	1,244,935	$78.8B	2.51%
9	COFCAPITAL ONE FINL CORP	600,000	$78.7B	2.50%	Put
10	HYGISHARES TR	895,600	$69.3B	2.20%	Put
11	TIPISHARES TR	600,000	$64.5B	2.05%	Call
12	TSLATESLA INC	250,000	$62.1B	1.98%	Put
13	BXBLACKSTONE INC	469,190	$61.4B	1.95%	Put
14	LVLNSPDR SER TR	1,100,000	$57.7B	1.83%	Put
15	FXIISHARES TR	1,934,706	$46.5B	1.48%	Call
16	TMUST-MOBILE US INC	287,663	$46.1B	1.47%	Call
17	CROXCROCS INC	485,000	$45.3B	1.44%	Call
18	NDQINVESCO QQQ TR	100,000	$41.0B	1.30%	Put
19	TSNTYSON FOODS INC	700,000	$37.6B	1.20%	Put
20	KMXCARMAX INC	425,000	$32.6B	1.04%	Put
21	NVDANVIDIA CORPORATION	65,000	$32.2B	1.02%	Put
22	ARKKARK ETF TR	600,000	$31.4B	1.00%	Put
23	ORCLORACLE CORP	281,531	$29.7B	0.94%
24	IWFISHARES TR	89,380	$27.1B	0.86%
25	KVUEKENVUE INC	1,225,000	$26.4B	0.84%	Call
26	RBARB GLOBAL INC	382,956	$25.6B	0.81%
27	THCTENET HEALTHCARE CORP	330,471	$25.0B	0.79%
28	COINCOINBASE GLOBAL INC	140,000	$24.3B	0.77%	Put
29	CATCATERPILLAR INC	80,000	$23.7B	0.75%	Put
30	URIUNITED RENTALS INC	40,000	$22.9B	0.73%	Put
31	BJBJS WHSL CLUB HLDGS INC	337,339	$22.5B	0.72%
32	SANBANCO SANTANDER S.A.	5,359,000	$22.2B	0.71%	Put
33	XLFISELECT SECTOR SPDR TR	298,885	$21.5B	0.68%
34	SCHDSCHWAB STRATEGIC TR	279,770	$21.3B	0.68%
35	XLVSELECT SECTOR SPDR TR	150,000	$20.5B	0.65%	Put
36	FSLRFIRST SOLAR INC	118,307	$20.4B	0.65%
37	4I1PHILIP MORRIS INTL INC	200,000	$18.8B	0.60%
38	NKENIKE INC	162,973	$17.7B	0.56%	Put
39	SMHVANECK ETF TRUST	100,000	$17.5B	0.56%	Put
40	AFRMAFFIRM HLDGS INC	350,000	$17.2B	0.55%	Put
41	MUMICRON TECHNOLOGY INC	200,000	$17.1B	0.54%	Put
42	KWEBKRANESHARES TR	570,000	$15.4B	0.49%
43	SHWSHERWIN WILLIAMS CO	46,412	$14.5B	0.46%
44	AESAES CORP	720,000	$13.9B	0.44%
45	IWOISHARES TR	51,820	$13.1B	0.42%
46	LWLAMB WESTON HLDGS INC	105,000	$11.3B	0.36%
47	AMBPARDAGH METAL PACKAGING S A	2,783,639	$10.7B	0.34%
48	WCNWASTE CONNECTIONS INC	70,052	$10.5B	0.33%
49	BLMNBLOOMIN BRANDS INC	364,219	$10.3B	0.33%
50	AMTAMERICAN TOWER CORP NEW	45,000	$9.7B	0.31%
51	MSFTMICROSOFT CORP	24,633	$9.3B	0.29%
52	LOWLOWES COS INC	39,385	$8.8B	0.28%
53	TANINVESCO EXCH TRADED FD TR II	150,000	$8.0B	0.25%	Call
54	XLYSELECT SECTOR SPDR TR	42,625	$7.6B	0.24%
55	8CWCROWN CASTLE INC	63,878	$7.4B	0.23%
56	FFORD MTR CO DEL	600,000	$7.3B	0.23%	Put
57	SUZSUZANO S A	618,493	$7.0B	0.22%
58	NTNXNUTANIX INC	144,319	$6.9B	0.22%
59	LINLINDE PLC	15,500	$6.4B	0.20%
60	ECLECOLAB INC	31,615	$6.3B	0.20%
61	STNESTONECO LTD	339,558	$6.1B	0.19%
62	GFLGFL ENVIRONMENTAL INC	151,300	$5.2B	0.17%
63	FTVFORTIVE CORP	70,000	$5.2B	0.16%
64	XRTSPDR SER TR	69,465	$5.0B	0.16%
65	RGLDROYAL GOLD INC	40,000	$4.8B	0.15%
66	VALEVALE S A	300,000	$4.8B	0.15%
67	CPCANADIAN PACIFIC KANSAS CITY	55,000	$4.3B	0.14%
68	AMZNAMAZON COM INC	25,709	$3.9B	0.12%
69	WYWEYERHAEUSER CO MTN BE	105,000	$3.7B	0.12%
70	SQMSOCIEDAD QUIMICA Y MINERA DE	60,000	$3.6B	0.11%
71	PAGSPAGSEGURO DIGITAL LTD	280,195	$3.5B	0.11%
72	TECK/BTECK RESOURCES LTD	75,000	$3.2B	0.10%
73	DISH 2.375 03/15/24DISH NETWORK CORPORATION	3,000	$3.0B	0.09%
74	GOOGLALPHABET INC	20,343	$2.8B	0.09%
75	AEMAGNICO EAGLE MINES LTD	50,000	$2.7B	0.09%
76	ARCOARCOS DORADOS HOLDINGS INC	200,000	$2.5B	0.08%
77	CINTCI&T INC	395,000	$2.1B	0.07%
78	AAPLAPPLE INC	10,596	$2.0B	0.06%
79	MANUMANCHESTER UTD PLC NEW	100,000	$2.0B	0.06%	Call
80	WPMWHEATON PRECIOUS METALS CORP	40,000	$2.0B	0.06%
81	VUGVANGUARD INDEX FDS	6,010	$1.9B	0.06%
82	IEIVANHOE ELECTRIC INC	118,900	$1.2B	0.04%
83	BIRKBIRKENSTOCK HOLDING PLC	20,700	$1.0B	0.03%
84	NUNU HLDGS LTD	100,000	$833.0M	0.03%