BW Gestao de Investimentos Ltda. Q4 2025 Filing
Filed February 10, 2026
Portfolio Value
$4.4B
Holdings
192
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (192 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | SPYSPDR S&P 500 ETF TR | 800,000 | $545.5M | 12.31% | Put |
| 2 | IVVISHARES TR | 738,842 | $506.1M | 11.42% | |
| 3 | IWMISHARES TR | 1,600,000 | $393.9M | 8.89% | Put |
| 4 | RSPINVESCO EXCHANGE TRADED FD T | 1,499,100 | $287.2M | 6.48% | |
| 5 | NDQINVESCO QQQ TR | 450,000 | $276.4M | 6.24% | Put |
| 6 | MUMICRON TECHNOLOGY INC | 439,803 | $125.5M | 2.83% | Call |
| 7 | KWEBKRANESHARES TRUST | 2,400,000 | $81.7M | 1.84% | Call |
| 8 | RBARB GLOBAL INC | 785,947 | $80.8M | 1.82% | |
| 9 | AVGOBROADCOM INC | 220,000 | $76.1M | 1.72% | Call |
| 10 | PATHUIPATH INC | 4,532,150 | $74.3M | 1.68% | Put |
| 11 | THCTENET HEALTHCARE CORP | 357,435 | $71.0M | 1.60% | |
| 12 | XLUSELECT SECTOR SPDR TR | 1,150,000 | $49.1M | 1.11% | |
| 13 | FOURSHIFT4 PMTS INC | 689,788 | $43.4M | 0.98% | |
| 14 | XLVSELECT SECTOR SPDR TR | 266,000 | $41.2M | 0.93% | |
| 15 | NTNXNUTANIX INC | 663,074 | $34.3M | 0.77% | |
| 16 | ECLECOLAB INC | 120,787 | $31.7M | 0.72% | |
| 17 | CPRICAPRI HOLDINGS LIMITED | 1,267,373 | $30.9M | 0.70% | |
| 18 | ITBISHARES TR | 300,000 | $28.9M | 0.65% | Put |
| 19 | SATSECHOSTAR CORP | 259,871 | $28.2M | 0.64% | |
| 20 | LVLNSPDR SERIES TRUST | 416,921 | $27.0M | 0.61% | Put |
| 21 | WBDWARNER BROS DISCOVERY INC | 915,928 | $26.4M | 0.60% | Call |
| 22 | COFCAPITAL ONE FINL CORP | 107,606 | $26.1M | 0.59% | |
| 23 | XRTSPDR SERIES TRUST | 300,000 | $25.6M | 0.58% | Put |
| 24 | NRANRG ENERGY INC | 155,895 | $24.8M | 0.56% | |
| 25 | GLOBGLOBANT S A | 359,487 | $23.5M | 0.53% | |
| 26 | FTAIFTAI AVIATION LTD | 117,104 | $23.1M | 0.52% | |
| 27 | BXBLACKSTONE INC | 148,776 | $22.9M | 0.52% | |
| 28 | TLNTALEN ENERGY CORP | 58,077 | $21.8M | 0.49% | |
| 29 | CCOCAMECO CORP | 232,949 | $21.3M | 0.48% | |
| 30 | DKSDICKS SPORTING GOODS INC | 104,048 | $20.6M | 0.46% | |
| 31 | LINLINDE PLC | 48,000 | $20.5M | 0.46% | |
| 32 | AEPAMERICAN ELEC PWR CO INC | 169,861 | $19.6M | 0.44% | |
| 33 | SQMSOCIEDAD QUIMICA Y MINERA DE | 283,254 | $19.5M | 0.44% | |
| 34 | ALBALBEMARLE CORP | 132,250 | $18.7M | 0.42% | |
| 35 | JPMJPMORGAN CHASE & CO. | 56,117 | $18.1M | 0.41% | |
| 36 | EDCONSOLIDATED EDISON INC | 181,065 | $18.0M | 0.41% | |
| 37 | XELXCEL ENERGY INC | 242,457 | $17.9M | 0.40% | |
| 38 | SHWSHERWIN WILLIAMS CO | 55,214 | $17.9M | 0.40% | |
| 39 | BACBANK AMERICA CORP | 324,823 | $17.9M | 0.40% | |
| 40 | PRGOPERRIGO CO PLC | 1,277,069 | $17.8M | 0.40% | |
| 41 | HBANHUNTINGTON BANCSHARES INC | 1,020,000 | $17.7M | 0.40% | |
| 42 | ALITALIGHT INC | 9,040,203 | $17.6M | 0.40% | Call |
| 43 | BIRKBIRKENSTOCK HOLDING PLC | 424,835 | $17.4M | 0.39% | |
| 44 | IFFINTERNATIONAL FLAVORS&FRAGRA | 254,304 | $17.1M | 0.39% | |
| 45 | SRESEMPRA | 188,347 | $16.6M | 0.38% | |
| 46 | CLFCLEVELAND-CLIFFS INC NEW | 1,231,924 | $16.4M | 0.37% | Call |
| 47 | EXEEXPAND ENERGY CORPORATION | 146,700 | $16.2M | 0.37% | |
| 48 | PLNTPLANET FITNESS INC | 148,552 | $16.1M | 0.36% | |
| 49 | EVRGEVERGY INC | 220,173 | $16.0M | 0.36% | |
| 50 | CVSCVS HEALTH CORP | 200,000 | $15.9M | 0.36% | |
| 51 | FEFIRSTENERGY CORP | 338,898 | $15.2M | 0.34% | |
| 52 | UGIUGI CORP NEW | 401,594 | $15.0M | 0.34% | |
| 53 | PCGPG&E CORP | 925,788 | $14.9M | 0.34% | |
| 54 | SOLSSOLSTICE ADVANCED MATLS INC | 305,507 | $14.8M | 0.33% | |
| 55 | EVEXEVE HLDG INC | 3,686,140 | $14.7M | 0.33% | |
| 56 | CLVTCLARIVATE PLC | 4,345,321 | $14.5M | 0.33% | |
| 57 | MSFTMICROSOFT CORP | 29,976 | $14.5M | 0.33% | |
| 58 | SWXSOUTHWEST GAS HLDGS INC | 174,847 | $14.0M | 0.32% | |
| 59 | KVUEKENVUE INC | 800,000 | $13.8M | 0.31% | Call |
| 60 | EQTEQT CORP | 255,800 | $13.7M | 0.31% | |
| 61 | NXTNEXTPOWER INC | 155,895 | $13.6M | 0.31% | |
| 62 | SGMLSIGMA LITHIUM CORPORATION | 1,024,736 | $13.5M | 0.30% | Call |
| 63 | BBARRICK MNG CORP | 305,959 | $13.3M | 0.30% | |
| 64 | SOCSABLE OFFSHORE CORP | 1,467,222 | $13.2M | 0.30% | |
| 65 | ETRENTERGY CORP NEW | 142,048 | $13.1M | 0.30% | |
| 66 | LITELUMENTUM HLDGS INC | 35,076 | $12.9M | 0.29% | |
| 67 | QC10FLAGSTAR BANK NATIONAL ASSOC | 1,000,000 | $12.6M | 0.28% | |
| 68 | AMGAFFILIATED MANAGERS GROUP IN | 42,000 | $12.1M | 0.27% | |
| 69 | PBPROSPERITY BANCSHARES INC | 174,867 | $12.1M | 0.27% | |
| 70 | PENNPENN ENTERTAINMENT INC | 817,117 | $12.1M | 0.27% | |
| 71 | PHPARKER-HANNIFIN CORP | 13,709 | $12.0M | 0.27% | |
| 72 | ICEINTERCONTINENTAL EXCHANGE IN | 74,067 | $12.0M | 0.27% | |
| 73 | WBSWEBSTER FINL CORP | 190,021 | $12.0M | 0.27% | |
| 74 | PFSIPENNYMAC FINL SVCS INC NEW | 90,000 | $11.9M | 0.27% | |
| 75 | USBUS BANCORP DEL | 221,316 | $11.8M | 0.27% | |
| 76 | SSBSOUTHSTATE BK CORP | 125,005 | $11.8M | 0.27% | |
| 77 | KKRKKR & CO INC | 92,003 | $11.7M | 0.26% | |
| 78 | TANINVESCO EXCH TRADED FD TR II | 233,843 | $11.5M | 0.26% | |
| 79 | IDAIDACORP INC | 90,740 | $11.5M | 0.26% | |
| 80 | URAGLOBAL X FDS | 268,100 | $11.5M | 0.26% | |
| 81 | SNSHARKNINJA INC | 97,472 | $10.9M | 0.25% | |
| 82 | CWCURTISS WRIGHT CORP | 19,489 | $10.7M | 0.24% | |
| 83 | HUTHUT 8 CORP | 233,843 | $10.7M | 0.24% | |
| 84 | FCXFREEPORT-MCMORAN INC | 206,938 | $10.5M | 0.24% | |
| 85 | PNFPPINNACLE FINL PARTNERS INC | 110,000 | $10.5M | 0.24% | |
| 86 | TKRTIMKEN CO | 124,730 | $10.5M | 0.24% | |
| 87 | SKE.TOSKEENA RES LTD NEW | 438,147 | $10.4M | 0.23% | |
| 88 | CSTMCONSTELLIUM SE | 546,270 | $10.3M | 0.23% | |
| 89 | CHRWC H ROBINSON WORLDWIDE INC | 62,358 | $10.0M | 0.23% | |
| 90 | RSRELIANCE INC | 34,666 | $10.0M | 0.23% | |
| 91 | AMZNAMAZON COM INC | 43,019 | $9.9M | 0.22% | |
| 92 | CVNACARVANA CO | 23,359 | $9.9M | 0.22% | |
| 93 | COLBCOLUMBIA BKG SYS INC | 350,000 | $9.8M | 0.22% | |
| 94 | AALAMERICAN AIRLS GROUP INC | 605,000 | $9.3M | 0.21% | |
| 95 | LUVSOUTHWEST AIRLS CO | 223,583 | $9.2M | 0.21% | |
| 96 | CLSCELESTICA INC | 31,179 | $9.2M | 0.21% | |
| 97 | TRVCCITIGROUP INC | 78,337 | $9.1M | 0.21% | |
| 98 | MTARCELORMITTAL SA LUXEMBOURG | 200,000 | $9.1M | 0.21% | |
| 99 | AAPLAPPLE INC | 33,466 | $9.1M | 0.21% | |
| 100 | CNRCORE NATURAL RESOURCES INC | 102,473 | $9.1M | 0.20% |
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