Q4 2025 · 13F-HR
BW Gestao de Investimentos Ltda.holdings as filed
Filed 2026-02-10 · accession 0001568280-26-000002
$4.43B
Reported value
205
Positions
2025-12-31
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $511.4M | 11.5% | 750,000 | PUT | SOLE |
| 464287200 | IVV | ISHARES TR | $506.1M | 11.4% | 738,842 | Common | SOLE |
| 464287655 | IWM | ISHARES TR | $320.0M | 7.22% | 1,300,000 | PUT | SOLE |
| 46137V357 | RSP | INVESCO EXCHANGE TRADED FD T | $287.2M | 6.48% | 1,499,100 | Common | SOLE |
| 46090E103 | QQQ | INVESCO QQQ TR | $184.3M | 4.16% | 300,000 | PUT | SOLE |
| 46090E103 | QQQ | INVESCO QQQ TR | $92.1M | 2.08% | 150,000 | CALL | SOLE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $85.6M | 1.93% | 300,000 | CALL | SOLE |
| 500767306 | KWEB | KRANESHARES TRUST | $81.7M | 1.84% | 2,400,000 | CALL | SOLE |
| 74935Q107 | RBA | RB GLOBAL INC | $80.9M | 1.82% | 785,947 | Common | SOLE |
| 464287655 | IWM | ISHARES TR | $73.8M | 1.67% | 300,000 | CALL | SOLE |
| 88033G407 | THC | TENET HEALTHCARE CORP | $71.0M | 1.60% | 357,435 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $69.2M | 1.56% | 200,000 | CALL | SOLE |
| 90364P105 | PATH | UIPATH INC | $49.7M | 1.12% | 3,032,150 | Common | SOLE |
| 81369Y886 | XLU | SELECT SECTOR SPDR TR | $49.1M | 1.11% | 1,150,000 | Common | SOLE |
| 82452J109 | FOUR | SHIFT4 PMTS INC | $43.4M | 0.98% | 689,788 | Common | SOLE |
| 81369Y209 | XLV | SELECT SECTOR SPDR TR | $41.2M | 0.93% | 266,000 | Common | SOLE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $39.9M | 0.90% | 139,803 | Common | SOLE |
| 67059N108 | NTNX | NUTANIX INC | $34.3M | 0.77% | 663,074 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $34.1M | 0.77% | 50,000 | CALL | SOLE |
| 278865100 | ECL | ECOLAB INC | $31.7M | 0.72% | 120,787 | Common | SOLE |
| G1890L107 | CPRI | CAPRI HOLDINGS LIMITED | $30.9M | 0.70% | 1,267,373 | Common | SOLE |
| 464288752 | ITB | ISHARES TR | $28.9M | 0.65% | 300,000 | PUT | SOLE |
| 278768106 | SATS | ECHOSTAR CORP | $28.2M | 0.64% | 259,871 | Common | SOLE |
| 14040H105 | COF | CAPITAL ONE FINL CORP | $26.1M | 0.59% | 107,606 | Common | SOLE |
| 78464A714 | XRT | SPDR SERIES TRUST | $25.6M | 0.58% | 300,000 | PUT | SOLE |
| 629377508 | NRG | NRG ENERGY INC | $24.8M | 0.56% | 155,895 | Common | SOLE |
| L44385109 | GLOB | GLOBANT S A | $23.5M | 0.53% | 359,487 | Common | SOLE |
| G3730V105 | FTAI | FTAI AVIATION LTD | $23.1M | 0.52% | 117,104 | Common | SOLE |
| 09260D107 | BX | BLACKSTONE INC | $22.9M | 0.52% | 148,776 | Common | SOLE |
| 87422Q109 | TLN | TALEN ENERGY CORP | $21.8M | 0.49% | 58,077 | Common | SOLE |
| 13321L108 | CCJ | CAMECO CORP | $21.3M | 0.48% | 232,949 | Common | SOLE |
| 253393102 | DKS | DICKS SPORTING GOODS INC | $20.6M | 0.46% | 104,048 | Common | SOLE |
| G54950103 | LIN | LINDE PLC | $20.5M | 0.46% | 48,000 | Common | SOLE |
| 025537101 | AEP | AMERICAN ELEC PWR CO INC | $19.6M | 0.44% | 169,861 | Common | SOLE |
| 833635105 | SQM | SOCIEDAD QUIMICA Y MINERA DE | $19.5M | 0.44% | 283,254 | Common | SOLE |
| 78464A698 | KRE | SPDR SERIES TRUST | $19.4M | 0.44% | 300,000 | PUT | SOLE |
| 012653101 | ALB | ALBEMARLE CORP | $18.7M | 0.42% | 132,250 | Common | SOLE |
| 46625H100 | JPM | JPMORGAN CHASE & CO. | $18.1M | 0.41% | 56,117 | Common | SOLE |
| 209115104 | ED | CONSOLIDATED EDISON INC | $18.0M | 0.41% | 181,065 | Common | SOLE |
| 98389B100 | XEL | XCEL ENERGY INC | $17.9M | 0.40% | 242,457 | Common | SOLE |
| 824348106 | SHW | SHERWIN WILLIAMS CO | $17.9M | 0.40% | 55,214 | Common | SOLE |
| 060505104 | BAC | BANK AMERICA CORP | $17.9M | 0.40% | 324,823 | Common | SOLE |
| G97822103 | PRGO | PERRIGO CO PLC | $17.8M | 0.40% | 1,277,069 | Common | SOLE |
| 446150104 | HBAN | HUNTINGTON BANCSHARES INC | $17.7M | 0.40% | 1,020,000 | Common | SOLE |
| M2029K104 | BIRK | BIRKENSTOCK HOLDING PLC | $17.4M | 0.39% | 424,835 | Common | SOLE |
| 459506101 | IFF | INTERNATIONAL FLAVORS&FRAGRA | $17.1M | 0.39% | 254,304 | Common | SOLE |
| 816851109 | SRE | SEMPRA | $16.6M | 0.38% | 188,347 | Common | SOLE |
| 90364P105 | PATH | UIPATH INC | $16.4M | 0.37% | 1,000,000 | PUT | SOLE |
| 165167735 | EXE | EXPAND ENERGY CORPORATION | $16.2M | 0.37% | 146,700 | Common | SOLE |
| 72703H101 | PLNT | PLANET FITNESS INC | $16.1M | 0.36% | 148,552 | Common | SOLE |
| 30034W106 | EVRG | EVERGY INC | $16.0M | 0.36% | 220,173 | Common | SOLE |
| 126650100 | CVS | CVS HEALTH CORP | $15.9M | 0.36% | 200,000 | Common | SOLE |
| 01626W101 | ALIT | ALIGHT INC | $15.7M | 0.35% | 8,059,203 | Common | SOLE |
| 337932107 | FE | FIRSTENERGY CORP | $15.2M | 0.34% | 338,898 | Common | SOLE |
| 902681105 | UGI | UGI CORP NEW | $15.0M | 0.34% | 401,594 | Common | SOLE |
| 69331C108 | PCG | PG&E CORP | $14.9M | 0.34% | 925,788 | Common | SOLE |
| 83443Q103 | SOLS | SOLSTICE ADVANCED MATLS INC | $14.8M | 0.33% | 305,507 | Common | SOLE |
| 29970N104 | EVEX | EVE HLDG INC | $14.7M | 0.33% | 3,686,140 | Common | SOLE |
| G21810109 | CLVT | CLARIVATE PLC | $14.5M | 0.33% | 4,345,321 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $14.5M | 0.33% | 29,976 | Common | SOLE |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $14.4M | 0.33% | 500,000 | CALL | SOLE |
| 844895102 | SWX | SOUTHWEST GAS HLDGS INC | $14.0M | 0.32% | 174,847 | Common | SOLE |
| 26884L109 | EQT | EQT CORP | $13.7M | 0.31% | 255,800 | Common | SOLE |
| 65290E101 | NXT | NEXTPOWER INC | $13.6M | 0.31% | 155,895 | Common | SOLE |
| 06849F108 | B | BARRICK MNG CORP | $13.3M | 0.30% | 305,959 | Common | SOLE |
| 78574H104 | SOC | SABLE OFFSHORE CORP | $13.2M | 0.30% | 1,467,222 | Common | SOLE |
| 29364G103 | ETR | ENTERGY CORP NEW | $13.1M | 0.30% | 142,048 | Common | SOLE |
| 55024U109 | LITE | LUMENTUM HLDGS INC | $12.9M | 0.29% | 35,076 | Common | SOLE |
| 649445400 | FLG | FLAGSTAR BANK NATIONAL ASSOC | $12.6M | 0.28% | 1,000,000 | Common | SOLE |
| 008252108 | AMG | AFFILIATED MANAGERS GROUP IN | $12.1M | 0.27% | 42,000 | Common | SOLE |
| 743606105 | PB | PROSPERITY BANCSHARES INC | $12.1M | 0.27% | 174,867 | Common | SOLE |
| 707569109 | PENN | PENN ENTERTAINMENT INC | $12.1M | 0.27% | 817,117 | Common | SOLE |
| 701094104 | PH | PARKER-HANNIFIN CORP | $12.0M | 0.27% | 13,709 | Common | SOLE |
| 45866F104 | ICE | INTERCONTINENTAL EXCHANGE IN | $12.0M | 0.27% | 74,067 | Common | SOLE |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $12.0M | 0.27% | 415,928 | Common | SOLE |
| 947890109 | WBS | WEBSTER FINL CORP | $12.0M | 0.27% | 190,021 | Common | SOLE |
| 70932M107 | PFSI | PENNYMAC FINL SVCS INC NEW | $11.9M | 0.27% | 90,000 | Common | SOLE |
| 902973304 | USB | US BANCORP DEL | $11.8M | 0.27% | 221,316 | Common | SOLE |
| 84472E102 | SSB | SOUTHSTATE BK CORP | $11.8M | 0.27% | 125,005 | Common | SOLE |
| 48251W104 | KKR | KKR & CO INC | $11.7M | 0.26% | 92,003 | Common | SOLE |
| 46138G706 | TAN | INVESCO EXCH TRADED FD TR II | $11.5M | 0.26% | 233,843 | Common | SOLE |
| 451107106 | IDA | IDACORP INC | $11.5M | 0.26% | 90,740 | Common | SOLE |
| 37954Y871 | URA | GLOBAL X FDS | $11.5M | 0.26% | 268,100 | Common | SOLE |
| G8068L108 | SN | SHARKNINJA INC | $10.9M | 0.25% | 97,472 | Common | SOLE |
| 231561101 | CW | CURTISS WRIGHT CORP | $10.7M | 0.24% | 19,489 | Common | SOLE |
| 44812J104 | HUT | HUT 8 CORP | $10.7M | 0.24% | 233,843 | Common | SOLE |
| 35671D857 | FCX | FREEPORT-MCMORAN INC | $10.5M | 0.24% | 206,938 | Common | SOLE |
| 72346Q104 | — | PINNACLE FINL PARTNERS INC | $10.5M | 0.24% | 110,000 | Common | SOLE |
| 887389104 | TKR | TIMKEN CO | $10.5M | 0.24% | 124,730 | Common | SOLE |
| 83056P715 | SKE | SKEENA RES LTD NEW | $10.4M | 0.23% | 438,147 | Common | SOLE |
| F21107101 | CSTM | CONSTELLIUM SE | $10.3M | 0.23% | 546,270 | Common | SOLE |
| 826599102 | SGML | SIGMA LITHIUM CORPORATION | $10.1M | 0.23% | 764,400 | CALL | SOLE |
| 12541W209 | CHRW | C H ROBINSON WORLDWIDE INC | $10.0M | 0.23% | 62,358 | Common | SOLE |
| 759509102 | RS | RELIANCE INC | $10.0M | 0.23% | 34,666 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $9.9M | 0.22% | 43,019 | Common | SOLE |
| 146869102 | CVNA | CARVANA CO | $9.9M | 0.22% | 23,359 | Common | SOLE |
| 197236102 | COLB | COLUMBIA BKG SYS INC | $9.8M | 0.22% | 350,000 | Common | SOLE |
| 02376R102 | AAL | AMERICAN AIRLS GROUP INC | $9.3M | 0.21% | 605,000 | Common | SOLE |
| 844741108 | LUV | SOUTHWEST AIRLS CO | $9.2M | 0.21% | 223,583 | Common | SOLE |
| 15101Q207 | CLS | CELESTICA INC | $9.2M | 0.21% | 31,179 | Common | SOLE |
| 172967424 | C | CITIGROUP INC | $9.1M | 0.21% | 78,337 | Common | SOLE |
| 03938L203 | MT | ARCELORMITTAL SA LUXEMBOURG | $9.1M | 0.21% | 200,000 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $9.1M | 0.21% | 33,466 | Common | SOLE |
| 218937100 | CNR | CORE NATURAL RESOURCES INC | $9.1M | 0.20% | 102,473 | Common | SOLE |
| 57060D108 | MKTX | MARKETAXESS HLDGS INC | $9.0M | 0.20% | 49,500 | Common | SOLE |
| 15118V207 | CELH | CELSIUS HLDGS INC | $8.9M | 0.20% | 194,869 | Common | SOLE |
| 922280102 | VRNS | VARONIS SYS INC | $8.6M | 0.19% | 263,169 | Common | SOLE |
| 49177J102 | KVUE | KENVUE INC | $8.6M | 0.19% | 500,000 | CALL | SOLE |
| 185899101 | CLF | CLEVELAND-CLIFFS INC NEW | $8.6M | 0.19% | 649,300 | CALL | SOLE |
| 247361702 | DAL | DELTA AIR LINES INC DEL | $8.5M | 0.19% | 123,000 | Common | SOLE |
| 29414B104 | EPAM | EPAM SYS INC | $8.5M | 0.19% | 41,352 | Common | SOLE |
| 910047109 | UAL | UNITED AIRLS HLDGS INC | $8.4M | 0.19% | 75,000 | Common | SOLE |
| 617446448 | MS | MORGAN STANLEY | $8.3M | 0.19% | 46,945 | Common | SOLE |
| 15189T107 | CNP | CENTERPOINT ENERGY INC | $8.2M | 0.19% | 213,988 | Common | SOLE |
| 90364P105 | PATH | UIPATH INC | $8.2M | 0.18% | 500,000 | CALL | SOLE |
| G21307106 | CINT | CI&T INC | $8.2M | 0.18% | 2,010,665 | Common | SOLE |
| 697900108 | PAAS | PAN AMERN SILVER CORP | $8.1M | 0.18% | 155,980 | Common | SOLE |
| 87305R109 | TTMI | TTM TECHNOLOGIES INC | $8.1M | 0.18% | 116,921 | Common | SOLE |
| 06652K103 | BKU | BANKUNITED INC | $7.8M | 0.18% | 175,000 | Common | SOLE |
| 185899101 | CLF | CLEVELAND-CLIFFS INC NEW | $7.7M | 0.17% | 582,624 | Common | SOLE |
| 78464A698 | KRE | SPDR SERIES TRUST | $7.6M | 0.17% | 116,921 | Common | SOLE |
| 69932A204 | PSKY | PARAMOUNT SKYDANCE CORP | $7.6M | 0.17% | 564,914 | Common | SOLE |
| 127097103 | CTRA | COTERRA ENERGY INC | $7.5M | 0.17% | 284,900 | Common | SOLE |
| 05969A105 | TBBK | BANCORP INC DEL | $7.4M | 0.17% | 110,000 | Common | SOLE |
| 04911A107 | AUB | ATLANTIC UN BANKSHARES CORP | $7.4M | 0.17% | 210,000 | Common | SOLE |
| G25508105 | CRH | CRH PLC | $7.3M | 0.17% | 58,882 | Common | SOLE |
| 29977A105 | EVR | EVERCORE INC | $7.3M | 0.17% | 21,512 | Common | SOLE |
| 94106B101 | WCN | WASTE CONNECTIONS INC | $7.3M | 0.16% | 41,630 | Common | SOLE |
| 156431108 | CENX | CENTURY ALUM CO | $7.2M | 0.16% | 183,669 | Common | SOLE |
| 548661107 | LOW | LOWES COS INC | $7.2M | 0.16% | 29,783 | Common | SOLE |
| H2927K103 | AMRZ | AMRIZE LTD | $7.1M | 0.16% | 131,457 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $6.9M | 0.16% | 20,000 | Common | SOLE |
| 441593100 | HLI | HOULIHAN LOKEY INC | $6.8M | 0.15% | 38,974 | Common | SOLE |
| 00214Q104 | ARKK | ARK ETF TR | $6.7M | 0.15% | 87,577 | Common | SOLE |
| 89400J107 | TRU | TRANSUNION | $6.7M | 0.15% | 77,948 | Common | SOLE |
| 29258Y103 | EXK | ENDEAVOUR SILVER CORP | $6.4M | 0.15% | 684,629 | Common | SOLE |
| G98239109 | XP | XP INC | $6.4M | 0.14% | 389,738 | Common | SOLE |
| 58507V107 | MDLN | MEDLINE INC | $6.3M | 0.14% | 150,000 | Common | SOLE |
| 83418M103 | SEI | SOLARIS ENERGY INFRAS INC | $6.3M | 0.14% | 136,365 | Common | SOLE |
| 65340P106 | NXE | NEXGEN ENERGY LTD | $6.2M | 0.14% | 677,146 | Common | SOLE |
| 407497106 | HLNE | HAMILTON LANE INC | $6.1M | 0.14% | 45,500 | Common | SOLE |
| 860630102 | SF | STIFEL FINL CORP | $6.0M | 0.14% | 48,000 | Common | SOLE |
| 092113109 | BKH | BLACK HILLS CORP | $6.0M | 0.14% | 86,219 | Common | SOLE |
| 00130H105 | AES | AES CORP | $6.0M | 0.13% | 415,406 | Common | SOLE |
| 192108504 | CDE | COEUR MNG INC | $5.9M | 0.13% | 328,724 | Common | SOLE |
| N00985106 | AER | AERCAP HOLDINGS NV | $5.8M | 0.13% | 40,000 | Common | SOLE |
| 91823B109 | UWMC | UWM HOLDINGS CORPORATION | $5.7M | 0.13% | 1,300,146 | Common | SOLE |
| H8088L103 | SRAD | SPORTRADAR GROUP AG | $5.6M | 0.13% | 233,843 | Common | SOLE |
| 03674X106 | AR | ANTERO RESOURCES CORP | $5.3M | 0.12% | 153,196 | Common | SOLE |
| 464286400 | EWZ | ISHARES INC | $5.2M | 0.12% | 164,400 | Common | SOLE |
| 49177J102 | KVUE | KENVUE INC | $5.2M | 0.12% | 300,000 | Common | SOLE |
| 248356107 | DNN | DENISON MINES CORP | $4.9M | 0.11% | 1,848,804 | Common | SOLE |
| 459044103 | IBOC | INTERNATIONAL BANCSHARES COR | $4.7M | 0.10% | 70,000 | Common | SOLE |
| 110448107 | BTI | BRITISH AMERN TOB PLC | $4.4M | 0.10% | 77,948 | Common | SOLE |
| 60786M105 | MC | MOELIS & CO | $4.4M | 0.10% | 64,000 | Common | SOLE |
| 20786W107 | CNOB | CONNECTONE BANCORP INC | $4.3M | 0.10% | 162,500 | Common | SOLE |
| 751212101 | RL | RALPH LAUREN CORP | $4.2M | 0.09% | 11,816 | Common | SOLE |
| 013872106 | AA | ALCOA CORP | $4.1M | 0.09% | 77,455 | Common | SOLE |
| 375916103 | GIL | GILDAN ACTIVEWEAR INC | $4.1M | 0.09% | 65,864 | Common | SOLE |
| 941848103 | WAT | WATERS CORP | $4.1M | 0.09% | 10,716 | Common | SOLE |
| 243537107 | DECK | DECKERS OUTDOOR CORP | $4.0M | 0.09% | 39,002 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $4.0M | 0.09% | 20,549 | Common | SOLE |
| 12653C108 | CNX | CNX RES CORP | $4.0M | 0.09% | 108,800 | Common | SOLE |
| 784305104 | HTO | H2O AMERICA | $4.0M | 0.09% | 81,202 | Common | SOLE |
| 205768302 | CRK | COMSTOCK RES INC | $3.5M | 0.08% | 152,100 | Common | SOLE |
| 75281A109 | RRC | RANGE RES CORP | $3.5M | 0.08% | 97,900 | Common | SOLE |
| 826599102 | SGML | SIGMA LITHIUM CORPORATION | $3.4M | 0.08% | 260,336 | Common | SOLE |
| G3643J108 | FLUT | FLUTTER ENTMT PLC | $3.4M | 0.08% | 15,589 | Common | SOLE |
| G93A5A101 | VIK | VIKING HOLDINGS LTD | $3.3M | 0.08% | 46,782 | Common | SOLE |
| 42824C109 | HPE | HEWLETT PACKARD ENTERPRISE C | $3.2M | 0.07% | 134,283 | Common | SOLE |
| 16119P108 | CHTR | CHARTER COMMUNICATIONS INC N | $3.1M | 0.07% | 15,000 | Common | SOLE |
| 697660207 | PAM | PAMPA ENERGIA S A | $3.1M | 0.07% | 35,076 | Common | SOLE |
| 89832Q109 | TFC | TRUIST FINL CORP | $3.0M | 0.07% | 61,110 | Common | SOLE |
| 63938C108 | NAVI | NAVIENT CORPORATION | $3.0M | 0.07% | 230,000 | Common | SOLE |
| G0260P102 | AS | AMER SPORTS INC | $2.9M | 0.07% | 78,058 | Common | SOLE |
| 50012A108 | KGS | KODIAK GAS SVCS INC | $2.9M | 0.07% | 77,948 | Common | SOLE |
| 169656105 | CMG | CHIPOTLE MEXICAN GRILL INC | $2.9M | 0.07% | 78,106 | Common | SOLE |
| M98068105 | WIX | WIX COM LTD | $2.8M | 0.06% | 27,431 | Common | SOLE |
| M7S64H106 | MNDY | MONDAY COM LTD | $2.8M | 0.06% | 18,701 | Common | SOLE |
| 880779103 | TEX | TEREX CORP NEW | $2.7M | 0.06% | 50,000 | Common | SOLE |
| 450913108 | IAG | IAMGOLD CORP | $2.6M | 0.06% | 155,895 | Common | SOLE |
| 402635502 | GPOR | GULFPORT ENERGY CORP | $2.5M | 0.06% | 11,800 | Common | SOLE |
| 382550101 | GT | GOODYEAR TIRE & RUBR CO | $2.3M | 0.05% | 266,801 | Common | SOLE |
| 78468R556 | XOP | SPDR SERIES TRUST | $2.3M | 0.05% | 17,955 | Common | SOLE |
| 92837L109 | VIST | VISTA ENERGY S.A.B. DE C.V. | $2.2M | 0.05% | 44,500 | Common | SOLE |
| 92826C839 | V | VISA INC | $2.1M | 0.05% | 6,069 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $2.1M | 0.05% | 6,992 | Common | SOLE |
| 32055Y201 | FIBK | FIRST INTST BANCSYSTEM INC | $2.1M | 0.05% | 60,000 | Common | SOLE |
| 364760108 | GAP | GAP INC | $2.0M | 0.05% | 77,969 | Common | SOLE |
| 01626W101 | ALIT | ALIGHT INC | $1.9M | 0.04% | 981,000 | CALL | SOLE |
| 497266106 | KEX | KIRBY CORP | $1.9M | 0.04% | 16,850 | Common | SOLE |
| 109641100 | EAT | BRINKER INTL INC | $1.7M | 0.04% | 11,692 | Common | SOLE |
| 98421M106 | XRX | XEROX HOLDINGS CORP | $1.7M | 0.04% | 700,000 | Common | SOLE |
| 02156K103 | OPTU | OPTIMUM COMMUNICATIONS INC | $1.6M | 0.04% | 980,797 | Common | SOLE |
| 909907107 | UBSI | UNITED BANKSHARES INC WEST V | $1.5M | 0.03% | 40,000 | Common | SOLE |
| 778296103 | ROST | ROSS STORES INC | $1.4M | 0.03% | 7,795 | Common | SOLE |
| 13765N107 | CNNE | CANNAE HLDGS INC | $1.1M | 0.03% | 71,015 | Common | SOLE |
| 974155103 | WING | WINGSTOP INC | $918,187 | 0.02% | 3,850 | Common | SOLE |
| 152413100 | CBC | CENTRAL BANCOMPANY | $844,200 | 0.02% | 35,000 | Common | SOLE |
| 217204106 | CPRT | COPART INC | $730,343 | 0.02% | 18,655 | Common | SOLE |
| 651639106 | NEM | NEWMONT CORP | $583,923 | 0.01% | 5,848 | Common | SOLE |
| 77311W101 | RKT | ROCKET COS INC | $475,152 | 0.01% | 24,543 | Common | SOLE |
| 931142103 | WMT | WALMART INC | $434,165 | 0.01% | 3,897 | Common | SOLE |
| 149123101 | CAT | CATERPILLAR INC | $389,552 | 0.01% | 680 | Common | SOLE |
| 00287Y109 | ABBV | ABBVIE INC | $249,511 | 0.01% | 1,092 | 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.