SPX Gestao de Recursos Ltda
CIK: 0001589176SEC EDGAR →
Portfolio Value
$978.9M
Holdings
73
As of
Q4 2025
New Positions
66
Closed Positions
33
Portfolio Value History
Top 10 Holdings
| Rank | Stock | Shares | Value | % of Portfolio |
|---|---|---|---|---|
| 1 | STONECO LTD-A | 5,236,620 | $77.4M | 7.91% |
| 2 | KRANESHARES CSI CHINA | 2,075,400 | $70.7M | 7.22% |
| 3 | XP INC - CLASS A | 4,195,379 | $68.7M | 7.02% |
| 4 | PETROLEO BRASILEIRO ADR | 4,887,558 | $57.9M | 5.92% |
| 5 | CREDICORP | 199,083 | $57.1M | 5.84% |
| 6 | STATE STREET SPDR S&P 500 ETF | 81,424 | $55.5M | 5.67% |
| 7 | ARCOS DORADOS HOLDINGS INC | 7,551,676 | $55.4M | 5.66% |
| 8 | FIRST SOLAR INC | 204,250 | $53.4M | 5.45% |
| 9 | VINCI COMPASS INVESTMENTS LTD | 4,000,725 | $52.2M | 5.33% |
| 10 | COPA HOLDINGS SA | 393,542 | $47.5M | 4.85% |
Quarterly Changes
New Positions (19)
$70.7M · 2.1M shares
$55.5M · 81K shares
$8.7M · 133K shares
AXIA ENERGIA-ADR PREF C
$5.9M · 680K shares
$3.4M · 305K shares
$1.5M · 105K shares
PUT - GLD 100 @ 365 EXP 03/20/2026
$848K · 2K shares
PUT - QQQ 100 @ 590 EXP 01/16/2026
$559K · 3K shares
CALL- META 100 @ 650 EXP 03/20/2026
$480K · 100 shares
$334K · 55K shares
$318K · 34K shares
$281K · 70K shares
CALL- CRWV 100 @ 150 EXP 06/18/2026
$33K · 100 shares
$13K · 44 shares
$4K · 3K shares
CALL- SNAP 100 @ 10 EXP 01/16/2026
$3K · 2K shares
$1K · 565 shares
CALL- EVEX 100 @ 5 EXP 01/16/2026
$0 · 4 shares
$0 · 0 shares
Closed Positions (113)
$79.0M · 1.5M shares
$49.6M · 1.6M shares
$41.6M · 213K shares
$17.6M · 29K shares
$10.5M · 654K shares
$10.4M · 20K shares
$8.3M · 849K shares
$7.6M · 222K shares
$6.9M · 21K shares
$6.8M · 82K shares
$6.8M · 38K shares
$5.4M · 31K shares
$5.0M · 34K shares
$4.8M · 45K shares
$3.3M · 11K shares
$3.0M · 196K shares
$2.9M · 215K shares
$2.8M · 10K shares
CALL- TLT 100 @ 93 EXP 12/19/2025
$2.7M · 32K shares
$2.7M · 50K shares
$2.6M · 10K shares
$2.4M · 20K shares
$2.1M · 3K shares
$2.1M · 25K shares
$2.0M · 42K shares
$2.0M · 20K shares
$2.0M · 102K shares
$1.9M · 20K shares
$1.8M · 30K shares
$1.7M · 209K shares
$1.7M · 20K shares
$1.6M · 32K shares
$1.6M · 84K shares
$1.6M · 6K shares
CALL- EEM 100 @ 54 EXP 10/17/2025
$1.6M · 32K shares
$1.5M · 6K shares
$1.5M · 50K shares
$1.5M · 100K shares
$1.4M · 20K shares
$1.4M · 8K shares
$1.3M · 20K shares
$1.3M · 3K shares
$1.3M · 9K shares
$1.3M · 6K shares
$1.3M · 11K shares
$1.2M · 6K shares
$1.2M · 64K shares
$1.2M · 8K shares
$1.1M · 44K shares
$1.1M · 80K shares
$1.1M · 110K shares
$1.0M · 3K shares
$1.0M · 6K shares
$1.0M · 105K shares
PUT - SPY 100 @ 663 EXP 10/10/2025
$964K · 3K shares
$958K · 7K shares
CALL- MRVL 100 @ 81 EXP 10/17/2025
$933K · 2K shares
$894K · 4K shares
$883K · 3K shares
$873K · 12K shares
$872K · 17K shares
$870K · 6K shares
$866K · 6K shares
$827K · 30K shares
$774K · 15K shares
$718K · 42K shares
INDIVIOR PLC
$675K · 28K shares
$663K · 6K shares
CALL- MU 100 @ 180 EXP 12/19/2025
$590K · 500 shares
$548K · 56K shares
CENTRAIS ELEC BRAS-ADR PREF
$522K · 50K shares
$508K · 17K shares
CALL- KWEB 100 @ 44 EXP 10/17/2025
$460K · 10K shares
CALL- UBER 100 @ 110 EXP 11/21/2025
$438K · 2K shares
PUT - QQQ 100 @ 585 EXP 10/17/2025
$411K · 1K shares
CALL- GDXJ 100 @ 100 EXP 11/21/2025
$377K · 600 shares
$296K · 8K shares
CALL- FXI 100 @ 43 EXP 11/21/2025
$288K · 3K shares
$287K · 22K shares
$282K · 38K shares
$274K · 4K shares
$268K · 16K shares
PUT - TLT 100 @ 89 EXP 12/19/2025
$260K · 1K shares
$252K · 11K shares
$220K · 27K shares
$154K · 17K shares
CALL- FSLR 100 @ 240 EXP 11/21/2025
$121K · 100 shares
CALL- DDOG 100 @ 150 EXP 10/17/2025
$117K · 500 shares
CALL- EEM 100 @ 54 EXP 11/21/2025
$111K · 1K shares
CALL- NVDA 100 @ 180 EXP 10/17/2025
$102K · 100 shares
CALL- FSLR 100 @ 250 EXP 11/21/2025
$92K · 100 shares
CALL- CROX 100 @ 90 EXP 10/24/2025
$90K · 400 shares
CALL- HUT 100 @ 45 EXP 12/19/2025
$70K · 200 shares
AMBIPAR EMERGENCY RESPONS-28
$67K · 1.6M shares
CALL- META 100 @ 780 EXP 10/17/2025
$44K · 100 shares
PUT - QQQ 100 @ 570 EXP 10/17/2025
$38K · 200 shares
CALL- IWM 100 @ 242 EXP 10/03/2025
$36K · 200 shares
PUT - QQQ 100 @ 565 EXP 10/17/2025
$31K · 200 shares
CALL- META 100 @ 800 EXP 10/17/2025
$30K · 140 shares
CALL- AMZN 100 @ 250 EXP 10/17/2025
$27K · 1K shares
PUT - SPY 100 @ 620 EXP 10/17/2025
$23K · 300 shares
PUT - XLU 100 @ 83.5 EXP 10/17/2025
$22K · 1K shares
PUT - HYG 100 @ 80.5 EXP 10/17/2025
$19K · 1K shares
CALL- XHB 100 @ 130 EXP 11/21/2025
$13K · 500 shares
PUT - INTC 100 @ 27 EXP 10/17/2025
$12K · 1K shares
VASTA PLATFORM LTD
$8K · 2K shares
$5K · 7K shares
$76 · 2K shares
CALL- AMD 100 @ 190 EXP 10/17/2025
$0 · 0 shares
CALL- AMD 100 @ 180 EXP 10/17/2025
$0 · 0 shares
CALL- VST 100 @ 212.5 EXP 10/03/2025
$0 · 0 shares
$0 · 0 shares
CALL- NVDA 100 @ 185 EXP 10/17/2025
$0 · 0 shares
Sector Breakdown
| Sector | # Holdings | Value | % |
|---|---|---|---|
| Financial Services | 17 | $334.3M | 34.2% |
| Energy | 4 | $167.0M | 17.1% |
| Technology | 11 | $138.2M | 14.1% |
| Basic Materials | 8 | $106.1M | 10.8% |
| Consumer Cyclical | 5 | $100.9M | 10.3% |
| Industrials | 4 | $76.6M | 7.8% |
| Unknown | 13 | $33.7M | 3.4% |
| Utilities | 5 | $13.3M | 1.4% |
| Consumer Defensive | 3 | $5.9M | 0.6% |
| Communication Services | 3 | $3.0M | 0.3% |