Q3 2025 · 13F-HR
Banco BTG Pactual S.A.holdings as filed
Filed 2025-11-13 · accession 0001536080-25-000003
$684.9M
Reported value
155
Positions
2025-09-30
Period end
The Brief · Banco BTG Pactual S.A. · Q3 2025
AI · grounded in 13F
Banco BTG Pactual S.A. established a new position in JBS valued at $143.2M. The fund also initiated new stakes in META for $43.5M and MSFT for $39.2M. Additional new positions include NVDA at $37.4M and AMZN at $30.5M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| N4732M103 | JBS | JBS N.V. | $143.2M | 20.9% | 9,589,738 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $43.5M | 6.35% | 59,215 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $39.2M | 5.72% | 75,628 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $37.4M | 5.46% | 200,333 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $30.5M | 4.45% | 138,717 | Common | SOLE |
| 500767306 | KWEB | KRANESHARES TRUST | $21.5M | 3.13% | 510,700 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $18.4M | 2.68% | 75,576 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $17.7M | 2.59% | 63,532 | Common | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $17.1M | 2.49% | 95,504 | Common | SOLE |
| 46138E354 | SPLV | INVESCO EXCH TRADED FD TR II | $14.3M | 2.08% | 194,213 | Common | SOLE |
| 172967424 | C | CITIGROUP INC | $14.2M | 2.07% | 139,504 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $13.0M | 1.89% | 53,212 | Common | SOLE |
| 464286400 | EWZ | ISHARES INC | $8.9M | 1.30% | 287,021 | Common | SOLE |
| 92826C839 | V | VISA INC | $8.8M | 1.29% | 25,857 | Common | SOLE |
| 464287234 | EEM | ISHARES TR | $8.6M | 1.26% | 161,350 | Common | SOLE |
| 92189F106 | GDX | VANECK ETF TRUST | $8.4M | 1.23% | 110,000 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $8.3M | 1.21% | 25,108 | Common | SOLE |
| 46625H100 | JPM | JPMORGAN CHASE & CO. | $8.0M | 1.17% | 25,356 | Common | SOLE |
| G6683N103 | NU | NU HLDGS LTD | $8.0M | 1.16% | 496,905 | Common | SOLE |
| 46138E628 | KBWB | INVESCO EXCH TRADED FD TR II | $7.0M | 1.03% | 90,000 | Common | SOLE |
| 37954Y632 | AIQ | GLOBAL X FDS | $6.9M | 1.00% | 139,100 | Common | SOLE |
| 50212V100 | LPLA | LPL FINL HLDGS INC | $6.8M | 0.99% | 20,471 | Common | SOLE |
| 233051879 | ASHR | DBX ETF TR | $6.6M | 0.96% | 200,000 | Common | SOLE |
| 46090E103 | QQQ | INVESCO QQQ TR | $6.2M | 0.91% | 10,368 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $5.9M | 0.86% | 16,966 | Common | SOLE |
| 09857L108 | BKNG | BOOKING HOLDINGS INC | $5.5M | 0.80% | 1,012 | Common | SOLE |
| 90353T100 | UBER | UBER TECHNOLOGIES INC | $5.3M | 0.78% | 54,413 | Common | SOLE |
| P5626F128 | IFS | INTERCORP FINL SVCS INC | $5.2M | 0.76% | 129,674 | Common | SOLE |
| 697660207 | PAM | PAMPA ENERGIA S A | $5.1M | 0.75% | 84,967 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $5.0M | 0.73% | 10,000 | Common | SOLE |
| 46428Q109 | SLV | ISHARES SILVER TR | $4.4M | 0.64% | 103,260 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $4.4M | 0.64% | 7,650 | Common | SOLE |
| 893870204 | TGS | TRANSPORTADORA DE GAS SUR | $4.2M | 0.62% | 201,014 | Common | SOLE |
| 254687106 | DIS | DISNEY WALT CO | $4.2M | 0.62% | 36,910 | Common | SOLE |
| 46429B598 | INDA | ISHARES TR | $4.2M | 0.61% | 80,000 | Common | SOLE |
| 21873S108 | CRWV | COREWEAVE INC | $4.1M | 0.60% | 30,000 | Common | SOLE |
| 98978V103 | ZTS | ZOETIS INC | $4.1M | 0.59% | 27,829 | Common | SOLE |
| 722304102 | PDD | PDD HOLDINGS INC | $3.9M | 0.57% | 29,332 | Common | SOLE |
| 191216100 | KO | COCA COLA CO | $3.8M | 0.56% | 58,032 | Common | SOLE |
| 47215P106 | JD | JD.COM INC | $3.5M | 0.51% | 100,000 | Common | SOLE |
| 81369Y407 | XLY | SELECT SECTOR SPDR TR | $3.0M | 0.44% | 12,693 | Common | SOLE |
| 92189F791 | GDXJ | VANECK ETF TRUST | $3.0M | 0.43% | 30,000 | Common | SOLE |
| 81369Y209 | XLV | SELECT SECTOR SPDR TR | $2.9M | 0.43% | 21,108 | Common | SOLE |
| 958102105 | WDC | WESTERN DIGITAL CORP | $2.9M | 0.42% | 24,105 | Common | SOLE |
| 81369Y860 | XLRE | SELECT SECTOR SPDR TR | $2.9M | 0.42% | 68,405 | Common | SOLE |
| 983134107 | WYNN | WYNN RESORTS LTD | $2.8M | 0.42% | 22,197 | Common | SOLE |
| 14040H105 | COF | CAPITAL ONE FINL CORP | $2.8M | 0.41% | 49,380 | Common | SOLE |
| 879273209 | TEO | TELECOM ARGENTINA SA | $2.7M | 0.40% | 374,805 | Common | SOLE |
| 46138G615 | SOXQ | INVESCO EXCH TRADED FD TR II | $2.7M | 0.40% | 54,345 | Common | SOLE |
| 37954Y871 | URA | GLOBAL X FDS | $2.6M | 0.38% | 55,196 | Common | SOLE |
| 53190C102 | LTH | LIFE TIME GROUP HOLDINGS INC | $2.6M | 0.38% | 95,000 | Common | SOLE |
| 46438F101 | IBIT | ISHARES BITCOIN TRUST ETF | $2.5M | 0.36% | 37,734 | Common | SOLE |
| 464287432 | TLT | ISHARES TR | $2.3M | 0.34% | 26,000 | Common | SOLE |
| 29970N104 | EVEX | EVE HLDG INC | $2.3M | 0.33% | 596,500 | Common | SOLE |
| 78464A409 | SPYG | SPDR SERIES TRUST | $2.3M | 0.33% | 21,633 | Common | SOLE |
| 92837L109 | VIST | VISTA ENERGY S.A.B. DE C.V. | $2.1M | 0.31% | 61,979 | Common | SOLE |
| G9470A102 | VTEX | VTEX | $2.0M | 0.30% | 465,000 | Common | SOLE |
| 464287184 | FXI | ISHARES TR | $2.0M | 0.29% | 49,056 | Common | SOLE |
| 443201108 | HWM | HOWMET AEROSPACE INC | $2.0M | 0.29% | 10,170 | Common | SOLE |
| 126650100 | CVS | CVS HEALTH CORP | $2.0M | 0.29% | 26,287 | Common | SOLE |
| 46435G425 | ESGU | ISHARES TR | $1.9M | 0.27% | 12,850 | Common | SOLE |
| L44385109 | GLOB | GLOBANT S A | $1.8M | 0.27% | 32,200 | Common | SOLE |
| 38141G104 | GS | GOLDMAN SACHS GROUP INC | $1.7M | 0.25% | 2,189 | Common | SOLE |
| 03831W108 | APP | APPLOVIN CORP | $1.7M | 0.25% | 2,381 | Common | SOLE |
| 876511106 | TGB | TASEKO MINES LTD | $1.7M | 0.25% | 400,000 | Common | SOLE |
| 11271J107 | BN | BROOKFIELD CORP | $1.7M | 0.24% | 24,275 | Common | SOLE |
| 79466L302 | CRM | SALESFORCE INC | $1.6M | 0.24% | 6,917 | Common | SOLE |
| 37954Y848 | SIL | GLOBAL X FDS | $1.4M | 0.21% | 20,000 | Common | SOLE |
| 09290D101 | BLK | BLACKROCK INC | $1.4M | 0.20% | 1,170 | Common | SOLE |
| 51817R205 | LTM | LATAM AIRLINES GROUP SA | $1.4M | 0.20% | 30,000 | Common | SOLE |
| 26614N102 | DD | DUPONT DE NEMOURS INC | $1.4M | 0.20% | 17,423 | Common | SOLE |
| 92840M102 | VST | VISTRA CORP | $1.4M | 0.20% | 6,915 | Common | SOLE |
| 450047303 | IRS | IRSA INVERSIONES Y REP S A | $1.3M | 0.19% | 109,912 | Common | SOLE |
| 174610105 | CFG | CITIZENS FINL GROUP INC | $1.3M | 0.19% | 24,378 | Common | SOLE |
| 90138A103 | VNET | VNET GROUP INC | $1.3M | 0.19% | 124,022 | Common | SOLE |
| 05961W105 | BMA | BANCO MACRO SA | $1.3M | 0.18% | 29,936 | Common | SOLE |
| 500754106 | KHC | KRAFT HEINZ CO | $1.2M | 0.18% | 47,899 | Common | SOLE |
| G98239109 | XP | XP INC | $1.2M | 0.17% | 61,465 | Common | SOLE |
| 732908108 | PONY | PONY AI INC | $1.1M | 0.16% | 50,000 | Common | SOLE |
| 36266G107 | GEHC | GE HEALTHCARE TECHNOLOGIES I | $1.1M | 0.16% | 14,232 | Common | SOLE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $1.1M | 0.16% | 6,598 | Common | SOLE |
| 87612G101 | TRGP | TARGA RES CORP | $1.1M | 0.16% | 6,340 | Common | SOLE |
| 98956A105 | ZETA | ZETA GLOBAL HOLDINGS CORP | $993,500 | 0.15% | 50,000 | Common | SOLE |
| 032108649 | SILJ | AMPLIFY ETF TR | $923,600 | 0.13% | 40,000 | Common | SOLE |
| 125523100 | CI | THE CIGNA GROUP | $904,529 | 0.13% | 3,138 | Common | SOLE |
| 53656F417 | METV | LISTED FDS TR | $903,310 | 0.13% | 43,850 | Common | SOLE |
| 03743Q108 | APA | APA CORPORATION | $898,821 | 0.13% | 37,019 | Common | SOLE |
| 45841N107 | IBKR | INTERACTIVE BROKERS GROUP IN | $894,530 | 0.13% | 13,000 | Common | SOLE |
| 344419106 | FMX | FOMENTO ECONOMICO MEXICANO S | $765,961 | 0.11% | 7,766 | Common | SOLE |
| 82846H405 | QXO | QXO INC | $762,400 | 0.11% | 40,000 | Common | SOLE |
| 400501102 | OMAB | GRUPO AEROPORTUARIO DEL CENT | $717,534 | 0.10% | 6,908 | Common | SOLE |
| 060505104 | BAC | BANK AMERICA CORP | $676,758 | 0.10% | 13,118 | Common | SOLE |
| 43300A203 | HLT | HILTON WORLDWIDE HLDGS INC | $674,544 | 0.10% | 2,600 | Common | SOLE |
| 464286640 | ECH | ISHARES INC | $663,254 | 0.10% | 20,123 | Common | SOLE |
| 78409V104 | SPGI | S&P GLOBAL INC | $652,191 | 0.10% | 1,340 | Common | SOLE |
| 833635105 | SQM | SOCIEDAD QUIMICA Y MINERA DE | $647,494 | 0.09% | 15,065 | Common | SOLE |
| 03769M106 | APO | APOLLO GLOBAL MGMT INC | $595,983 | 0.09% | 4,472 | Common | SOLE |
| 464287648 | IWO | ISHARES TR | $592,074 | 0.09% | 1,850 | Common | SOLE |
| 29273V100 | ET | ENERGY TRANSFER L P | $583,440 | 0.09% | 34,000 | Common | SOLE |
| G2519Y108 | BAP | CREDICORP LTD | $579,692 | 0.08% | 2,177 | Common | SOLE |
| 428050108 | HSAI | HESAI GROUP | $562,000 | 0.08% | 20,000 | Common | SOLE |
| 806857108 | SLB | SCHLUMBERGER LTD | $540,949 | 0.08% | 15,739 | Common | SOLE |
| 78467X109 | DIA | SPDR DOW JONES INDL AVERAGE | $520,780 | 0.08% | 1,123 | Common | SOLE |
| 872540109 | TJX | TJX COS INC NEW | $509,648 | 0.07% | 3,526 | Common | SOLE |
| G38327105 | GPRK | GEOPARK LTD | $509,600 | 0.07% | 80,000 | Common | SOLE |
| 21240E105 | VLRS | CONTROLADORA VUELA COMP DE A | $502,600 | 0.07% | 70,000 | Common | SOLE |
| 204448104 | BVN | COMPANIA DE MINAS BUENAVENTU | $496,332 | 0.07% | 20,400 | Common | SOLE |
| 37954Y830 | COPX | GLOBAL X FDS | $484,461 | 0.07% | 8,100 | Common | SOLE |
| 097023105 | BA | BOEING CO | $455,401 | 0.07% | 2,110 | Common | SOLE |
| 34959E109 | FTNT | FORTINET INC | $437,216 | 0.06% | 5,200 | Common | SOLE |
| P31076105 | CPA | COPA HOLDINGS SA | $420,623 | 0.06% | 3,540 | Common | SOLE |
| 44812J104 | HUT | HUT 8 CORP | $417,720 | 0.06% | 12,000 | Common | SOLE |
| 883556102 | TMO | THERMO FISHER SCIENTIFIC INC | $417,117 | 0.06% | 860 | Common | SOLE |
| 226406106 | CRESY | CRESUD S A C I F Y A | $399,786 | 0.06% | 43,455 | Common | SOLE |
| 803054204 | SAP | SAP SE | $374,094 | 0.05% | 1,400 | Common | SOLE |
| 37950E259 | ARGT | GLOBAL X FDS | $355,776 | 0.05% | 5,100 | Common | SOLE |
| 81369Y506 | XLE | SELECT SECTOR SPDR TR | $354,858 | 0.05% | 3,972 | Common | SOLE |
| 20825C104 | COP | CONOCOPHILLIPS | $353,767 | 0.05% | 3,740 | Common | SOLE |
| 962166104 | WY | WEYERHAEUSER CO MTN BE | $342,102 | 0.05% | 13,800 | Common | SOLE |
| 87901J105 | TGNA | TEGNA INC | $336,238 | 0.05% | 16,539 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $333,431 | 0.05% | 938 | Common | SOLE |
| 464286903 | — | ISHARES INC | $325,500 | 0.05% | 10,500 | CALL | SOLE |
| 36828A101 | GEV | GE VERNOVA INC | $324,052 | 0.05% | 527 | Common | SOLE |
| 52603A208 | LC | LENDINGCLUB CORP | $323,896 | 0.05% | 21,323 | Common | SOLE |
| G21307106 | CINT | CI&T INC | $309,000 | 0.05% | 60,000 | Common | SOLE |
| 25278X109 | FANG | DIAMONDBACK ENERGY INC | $308,237 | 0.05% | 2,154 | Common | SOLE |
| 87422Q109 | TLN | TALEN ENERGY CORP | $296,915 | 0.04% | 698 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $295,784 | 0.04% | 444 | Common | SOLE |
| 464287951 | — | ISHARES TR | $287,980 | 0.04% | 7,000 | PUT | SOLE |
| 58155Q103 | MCK | MCKESSON CORP | $285,840 | 0.04% | 370 | Common | SOLE |
| G06973112 | AUGO | AURA MINERALS INC | $249,381 | 0.04% | 6,702 | Common | SOLE |
| 631103108 | NDAQ | NASDAQ INC | $238,815 | 0.03% | 2,700 | Common | SOLE |
| 02319V103 | ABEV | AMBEV SA | $234,819 | 0.03% | 105,300 | Common | SOLE |
| 695156109 | PKG | PACKAGING CORP AMER | $226,429 | 0.03% | 1,039 | Common | SOLE |
| 235851102 | DHR | DANAHER CORPORATION | $225,025 | 0.03% | 1,135 | Common | SOLE |
| 29414B104 | EPAM | EPAM SYS INC | $216,082 | 0.03% | 1,433 | Common | SOLE |
| 78463V957 | GLD | SPDR GOLD TR | $213,282 | 0.03% | 600 | PUT | SOLE |
| 69608A108 | PLTR | PALANTIR TECHNOLOGIES INC | $212,702 | 0.03% | 1,166 | Common | SOLE |
| 373737105 | GGB | GERDAU SA | $170,500 | 0.02% | 55,000 | Common | SOLE |
| 49177J102 | KVUE | KENVUE INC | $162,300 | 0.02% | 10,000 | Common | SOLE |
| 71654V101 | PBR/A | PETROLEO BRASILEIRO SA PETRO | $152,478 | 0.02% | 12,900 | Common | SOLE |
| G4R20B107 | INTR | INTER & CO INC | $106,810 | 0.02% | 11,572 | Common | SOLE |
| 204409601 | CIG | CIA ENERGETICA DE MINAS GERA | $104,656 | 0.02% | 49,600 | Common | SOLE |
| 759419104 | REKR | REKOR SYSTEMS INC | $102,405 | 0.01% | 65,226 | Common | SOLE |
| 105532105 | BAK | BRASKEM S A | $88,330 | 0.01% | 36,500 | Common | SOLE |
| 78397Q109 | SES | SES AI CORPORATION | $77,889 | 0.01% | 46,640 | Common | SOLE |
| 059460303 | BBD | BANCO BRADESCO S A | $55,790 | 0.01% | 16,506 | Common | SOLE |
| 834223604 | SNGX | SOLIGENIX INC | $53,792 | 0.01% | 46,372 | Common | SOLE |
| 40053W101 | AVAL | GRUPO AVAL ACCIONES Y VALORE | $51,437 | 0.01% | 15,587 | Common | SOLE |
| 29280W109 | NRGV | ENERGY VAULT HOLDINGS INC | $43,442 | 0.01% | 14,627 | Common | SOLE |
| H8817H100 | RIG | TRANSOCEAN LTD | $38,214 | 0.01% | 12,248 | Common | SOLE |
| 517097101 | LGO | LARGO INC | $38,175 | 0.01% | 25,450 | Common | SOLE |
| 449109107 | HYLN | HYLIION HOLDINGS CORP | $37,290 | 0.01% | 18,929 | Common | SOLE |
| G1466R173 | BORR | BORR DRILLING LTD | $33,162 | 0.00% | 12,328 | Common | SOLE |
| 83193G107 | SMRT | SMARTRENT INC | $22,842 | 0.00% | 16,200 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.