Q1 2025 · 13F-HR
BW Gestao de Investimentos Ltda.holdings as filed
Filed 2025-05-15 · accession 0001568280-25-000003
$3.18B
Reported value
103
Positions
2025-03-31
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $587.4M | 18.5% | 1,050,000 | PUT | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $430.7M | 13.5% | 770,000 | CALL | SOLE |
| 46090E103 | QQQ | INVESCO QQQ TR | $257.9M | 8.11% | 550,000 | PUT | SOLE |
| 464287655 | IWM | ISHARES TR | $219.4M | 6.90% | 1,100,000 | PUT | SOLE |
| 46090E103 | QQQ | INVESCO QQQ TR | $211.0M | 6.63% | 450,000 | CALL | SOLE |
| 78463X202 | FEZ | SPDR INDEX SHS FDS | $81.6M | 2.57% | 1,500,000 | PUT | SOLE |
| 464287655 | IWM | ISHARES TR | $79.8M | 2.51% | 400,000 | CALL | SOLE |
| 464288513 | HYG | ISHARES TR | $78.9M | 2.48% | 1,000,000 | PUT | SOLE |
| 88033G407 | THC | TENET HEALTHCARE CORP | $71.3M | 2.24% | 529,785 | Common | SOLE |
| 46137V357 | RSP | INVESCO EXCHANGE TRADED FD T | $70.4M | 2.21% | 406,200 | PUT | SOLE |
| 464286400 | EWZ | ISHARES INC | $64.6M | 2.03% | 2,500,000 | Common | SOLE |
| 74935Q107 | RBA | RB GLOBAL INC | $55.2M | 1.73% | 550,298 | Common | SOLE |
| 464286400 | EWZ | ISHARES INC | $51.7M | 1.62% | 2,000,000 | CALL | SOLE |
| 00214Q104 | ARKK | ARK ETF TR | $47.6M | 1.50% | 1,000,000 | CALL | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $42.0M | 1.32% | 300,480 | Common | SOLE |
| 82452J109 | FOUR | SHIFT4 PMTS INC | $36.8M | 1.16% | 450,000 | CALL | SOLE |
| G97822103 | PRGO | PERRIGO CO PLC | $36.4M | 1.14% | 1,298,444 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $33.6M | 1.05% | 240,000 | CALL | SOLE |
| 87422Q109 | TLN | TALEN ENERGY CORP | $32.3M | 1.02% | 161,758 | Common | SOLE |
| 278865100 | ECL | ECOLAB INC | $28.3M | 0.89% | 111,505 | Common | SOLE |
| 82452J109 | FOUR | SHIFT4 PMTS INC | $27.5M | 0.86% | 336,000 | Common | SOLE |
| 67059N108 | NTNX | NUTANIX INC | $24.8M | 0.78% | 354,807 | Common | SOLE |
| G1890L107 | CPRI | CAPRI HOLDINGS LIMITED | $22.7M | 0.71% | 1,152,420 | Common | SOLE |
| L44385109 | GLOB | GLOBANT S A | $21.6M | 0.68% | 183,200 | Common | SOLE |
| 01626W101 | ALIT | ALIGHT INC | $21.3M | 0.67% | 3,592,127 | Common | SOLE |
| N00985106 | AER | AERCAP HOLDINGS NV | $20.4M | 0.64% | 200,000 | CALL | SOLE |
| 92840M102 | VST | VISTRA CORP | $20.4M | 0.64% | 173,490 | Common | SOLE |
| 382550101 | GT | GOODYEAR TIRE & RUBR CO | $19.6M | 0.62% | 2,125,666 | Common | SOLE |
| N00985106 | AER | AERCAP HOLDINGS NV | $19.3M | 0.61% | 189,045 | Common | SOLE |
| 67059N108 | NTNX | NUTANIX INC | $17.5M | 0.55% | 250,000 | CALL | SOLE |
| 09260D107 | BX | BLACKSTONE INC | $16.9M | 0.53% | 120,716 | Common | SOLE |
| 227046109 | CROX | CROCS INC | $16.4M | 0.51% | 154,131 | Common | SOLE |
| M2029K104 | BIRK | BIRKENSTOCK HOLDING PLC | $16.0M | 0.50% | 348,225 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $15.8M | 0.50% | 95,200 | Common | SOLE |
| G21307106 | CINT | CI&T INC | $15.8M | 0.50% | 2,639,839 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $15.1M | 0.47% | 40,106 | Common | SOLE |
| 00187Y100 | APG | API GROUP CORP | $14.3M | 0.45% | 399,230 | Common | SOLE |
| 665531307 | NOG | NORTHERN OIL & GAS INC | $14.1M | 0.44% | 467,641 | Common | SOLE |
| 88033G407 | THC | TENET HEALTHCARE CORP | $13.4M | 0.42% | 100,000 | CALL | SOLE |
| G21810109 | CLVT | CLARIVATE PLC | $12.9M | 0.40% | 3,273,175 | Common | SOLE |
| 382550101 | GT | GOODYEAR TIRE & RUBR CO | $12.0M | 0.38% | 1,300,000 | CALL | SOLE |
| 500767306 | KWEB | KRANESHARES TRUST | $11.8M | 0.37% | 339,000 | Common | SOLE |
| 92840M102 | VST | VISTRA CORP | $11.7M | 0.37% | 100,000 | CALL | SOLE |
| 707569109 | PENN | PENN ENTERTAINMENT INC | $11.4M | 0.36% | 700,000 | Common | SOLE |
| 29452E101 | EQH | EQUITABLE HLDGS INC | $11.3M | 0.36% | 216,943 | Common | SOLE |
| 88160R101 | TSLA | TESLA INC | $11.3M | 0.35% | 43,500 | PUT | SOLE |
| 90364P105 | PATH | UIPATH INC | $11.0M | 0.35% | 1,067,700 | Common | SOLE |
| 69374H857 | CALF | PACER FDS TR | $10.9M | 0.34% | 291,259 | Common | SOLE |
| 783549108 | R | RYDER SYS INC | $10.8M | 0.34% | 75,054 | Common | SOLE |
| 126650100 | CVS | CVS HEALTH CORP | $10.2M | 0.32% | 150,000 | Common | SOLE |
| 39525U107 | GFR | GREENFIRE RES LTD NEW | $9.9M | 0.31% | 1,683,625 | Common | SOLE |
| 707569109 | PENN | PENN ENTERTAINMENT INC | $9.8M | 0.31% | 600,000 | CALL | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $9.6M | 0.30% | 50,682 | Common | SOLE |
| 12769G100 | CZR | CAESARS ENTERTAINMENT INC NE | $9.1M | 0.29% | 364,096 | Common | SOLE |
| 012653101 | ALB | ALBEMARLE CORP | $8.4M | 0.26% | 116,733 | Common | SOLE |
| 243537107 | DECK | DECKERS OUTDOOR CORP | $8.1M | 0.26% | 72,800 | Common | SOLE |
| 94106B101 | WCN | WASTE CONNECTIONS INC | $7.6M | 0.24% | 38,706 | Common | SOLE |
| 37954Y830 | COPX | GLOBAL X FDS | $7.4M | 0.23% | 190,001 | Common | SOLE |
| 023939101 | AMTM | AMENTUM HOLDINGS INC | $7.2M | 0.23% | 394,400 | Common | SOLE |
| 92189F106 | GDX | VANECK ETF TRUST | $7.0M | 0.22% | 152,000 | Common | SOLE |
| 29414B104 | EPAM | EPAM SYS INC | $7.0M | 0.22% | 41,300 | Common | SOLE |
| 26884L109 | EQT | EQT CORP | $6.1M | 0.19% | 114,001 | Common | SOLE |
| 01626W101 | ALIT | ALIGHT INC | $5.9M | 0.19% | 1,000,000 | CALL | SOLE |
| 88160R101 | TSLA | TESLA INC | $5.1M | 0.16% | 19,700 | Common | SOLE |
| 364760108 | GAP | GAP INC | $4.7M | 0.15% | 227,713 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $4.6M | 0.14% | 29,571 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $3.8M | 0.12% | 22,800 | Common | SOLE |
| 878742204 | TECK | TECK RESOURCES LTD | $3.8M | 0.12% | 103,990 | Common | SOLE |
| 926400102 | VSCO | VICTORIAS SECRET AND CO | $3.7M | 0.12% | 200,000 | CALL | SOLE |
| 143658300 | CCL1EUR | CARNIVAL CORP | $3.7M | 0.12% | 190,001 | Common | SOLE |
| 833635105 | SQM | SOCIEDAD QUIMICA Y MINERA DE | $3.2M | 0.10% | 80,000 | Common | SOLE |
| 03831W108 | APP | APPLOVIN CORP | $3.0M | 0.09% | 11,400 | Common | SOLE |
| G1890L107 | CPRI | CAPRI HOLDINGS LIMITED | $3.0M | 0.09% | 150,000 | CALL | SOLE |
| 824348106 | SHW | SHERWIN WILLIAMS CO | $2.9M | 0.09% | 8,164 | Common | SOLE |
| G98239109 | XP | XP INC | $2.8M | 0.09% | 200,000 | Common | SOLE |
| 464287515 | IGV | ISHARES TR | $2.7M | 0.08% | 30,000 | Common | SOLE |
| 988498101 | YUM | YUM BRANDS INC | $2.5M | 0.08% | 15,700 | Common | SOLE |
| 826599102 | SGML | SIGMA LITHIUM CORPORATION | $2.4M | 0.08% | 232,300 | CALL | SOLE |
| 109641100 | EAT | BRINKER INTL INC | $2.3M | 0.07% | 15,200 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $2.2M | 0.07% | 3,801 | Common | SOLE |
| 629377508 | NRG | NRG ENERGY INC | $2.2M | 0.07% | 22,800 | Common | SOLE |
| 81141R100 | SE | SEA LTD | $2.0M | 0.06% | 15,200 | Common | SOLE |
| 169656105 | CMG | CHIPOTLE MEXICAN GRILL INC | $2.0M | 0.06% | 39,000 | Common | SOLE |
| 15101Q207 | CLS | CELESTICA INC | $1.8M | 0.06% | 22,800 | Common | SOLE |
| 817565104 | SCI | SERVICE CORP INTL | $1.8M | 0.06% | 22,300 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $1.8M | 0.06% | 7,966 | Common | SOLE |
| 81369Y209 | XLV | SELECT SECTOR SPDR TR | $1.6M | 0.05% | 11,292 | Common | SOLE |
| 548661107 | LOW | LOWES COS INC | $1.6M | 0.05% | 6,965 | Common | SOLE |
| H5919C104 | ONON | ON HLDG AG | $1.3M | 0.04% | 30,400 | Common | SOLE |
| 626755102 | MUSA | MURPHY USA INC | $1.3M | 0.04% | 2,800 | Common | SOLE |
| 279158109 | EC | ECOPETROL S A | $1.2M | 0.04% | 114,000 | Common | SOLE |
| 00214Q104 | ARKK | ARK ETF TR | $1.2M | 0.04% | 24,667 | Common | SOLE |
| 093671105 | HRB | BLOCK H & R INC | $1.1M | 0.03% | 20,100 | Common | SOLE |
| 92837L109 | VIST | VISTA ENERGY S.A.B. DE C.V. | $1.0M | 0.03% | 22,532 | Common | SOLE |
| 95058W100 | WEN | WENDYS CO | $1.0M | 0.03% | 69,000 | Common | SOLE |
| 910047109 | UAL | UNITED AIRLS HLDGS INC | $787,170 | 0.02% | 11,400 | Common | SOLE |
| 58463J304 | MPT | MEDICAL PPTYS TRUST INC | $723,600 | 0.02% | 120,000 | Common | SOLE |
| 156431108 | CENX | CENTURY ALUM CO | $705,299 | 0.02% | 38,001 | Common | SOLE |
| H8088L103 | SRAD | SPORTRADAR GROUP AG | $657,248 | 0.02% | 30,400 | Common | SOLE |
| 29244A102 | EDN | EMPRESA DIST Y COMERCIAL NOR | $561,936 | 0.02% | 18,400 | Common | SOLE |
| 05968L102 | CIBEUR | BANCOLOMBIA S A | $507,887 | 0.02% | 12,634 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $411,844 | 0.01% | 3,800 | Common | SOLE |
| G9470A102 | VTEX | VTEX | $270,231 | 0.01% | 53,300 | 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.