Banco BTG Pactual S.A. — 13F Holdings & Portfolio
CIK 1536080 · latest 13F-HR filed 2026-05-13
Banco BTG Pactual S.A. manages $1.14B in 13F-reported U.S. long-equity assets across 185 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are EWZ (9.92%), EWZ (7.20%), HYG (4.96%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 72 new positions, exited 128, added to 10, and trimmed 19.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$1.14B
Long-equity book
185
Distinct positions
2026-03-31
Filed 2026-05-13
+72 / −128 / ↑10 / ↓19
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- STATE STR SPDR S&P 500 ETF T$45.2M +14935.7%
- ISHARES INC$23.7M +466.5%
- BROADCOM INC$9.4M +75.8%
- COPA HOLDINGS SA$8.4M +693.5%
- AURA MINERALS INC$5.9M +1754.2%
Top Trims
- NVIDIA CORPORATION-$51.5M -98.1%
- MICROSOFT CORP-$37.1M -98.4%
- TAIWAN SEMICONDUCTOR MANUFAC-$30.7M -91.7%
- AMAZON COM INC-$29.6M -89.0%
- NU HLDGS LTD-$12.8M -78.7%
New Positions
- ISHARES TR$56.7M
- ISHARES INC$38.5M
- VANGUARD INDEX FDS$35.8M
- ISHARES TR$34.7M
- SELECT SECTOR SPDR TR$29.0M
Exited Positions
- META PLATFORMS INC$44.7M
- ALPHABET INC$17.8M
- ALIBABA GROUP HLDG LTD$14.7M
- ALPHABET INC$13.8M
- BOOKING HOLDINGS INC$13.7M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | ISHARES INC Put | EWZ | 464286400 | $113.5M | 9.92% | 2,957,100 | SH |
| 2 | ISHARES INC Call | EWZ | 464286400 | $82.4M | 7.20% | 2,145,600 | SH |
| 3 | ISHARES TR | HYG | 464288513 | $56.7M | 4.96% | 712,975 | SH |
| 4 | STATE STR SPDR S&P 500 ETF T | SPY | 78462F103 | $45.5M | 3.98% | 70,000 | SH |
| 5 | ISHARES INC | EWW | 464286822 | $38.5M | 3.36% | 511,127 | SH |
| 6 | VANGUARD INDEX FDS | VOO | 922908363 | $35.8M | 3.13% | 59,952 | SH |
| 7 | ISHARES TR | IWM | 464287655 | $34.7M | 3.03% | 140,000 | SH |
| 8 | NU HLDGS LTD Call | NU | G6683N103 | $32.6M | 2.85% | 2,268,900 | SH |
| 9 | ISHARES TR Put | IWM | 464287655 | $29.8M | 2.60% | 120,000 | SH |
| 10 | SELECT SECTOR SPDR TR | XLP | 81369Y308 | $29.0M | 2.53% | 353,600 | SH |
| 11 | ISHARES INC | EWZ | 464286400 | $28.8M | 2.52% | 751,073 | SH |
| 12 | NVIDIA CORPORATION Call | NVDA | 67066G104 | $27.9M | 2.44% | 160,000 | SH |
| 13 | ISHARES TR Call | IWM | 464287655 | $24.8M | 2.17% | 100,000 | SH |
| 14 | ISHARES BITCOIN TRUST ETF Call | IBIT | 46438F101 | $23.1M | 2.01% | 600,000 | SH |
| 15 | BROADCOM INC | AVGO | 11135F101 | $21.7M | 1.90% | 70,182 | SH |
| 16 | JANUS DETROIT STR TR | JAAA | 47103U845 | $21.6M | 1.89% | 429,426 | SH |
| 17 | STATE STR SPDR S&P 500 ETF T Put | SPY | 78462F103 | $19.5M | 1.71% | 30,000 | SH |
| 18 | TESLA INC | TSLA | 88160R101 | $19.4M | 1.69% | 52,058 | SH |
| 19 | GE VERNOVA INC Call | GEV | 36828A101 | $19.2M | 1.68% | 22,000 | SH |
| 20 | BROADCOM INC Put | AVGO | 11135F101 | $17.2M | 1.50% | 55,500 | SH |
| 21 | BROADCOM INC Call | AVGO | 11135F101 | $17.0M | 1.49% | 55,000 | SH |
| 22 | TAIWAN SEMICONDUCTOR MANUFAC Call | TSM | 874039100 | $16.9M | 1.48% | 50,000 | SH |
| 23 | SELECT SECTOR SPDR TR | XLE | 81369Y506 | $15.7M | 1.37% | 255,502 | SH |
| 24 | MICROSOFT CORP Call | MSFT | 594918104 | $13.3M | 1.16% | 36,000 | SH |
| 25 | AMAZON COM INC Put | AMZN | 023135106 | $12.3M | 1.07% | 59,000 | SH |
| 26 | SPDR SERIES TRUST | XRT | 78464A714 | $12.1M | 1.05% | 150,000 | SH |
| 27 | TAIWAN SEMICONDUCTOR MANUFAC Put | TSM | 874039100 | $11.2M | 0.97% | 33,000 | SH |
| 28 | GE VERNOVA INC Put | GEV | 36828A101 | $10.5M | 0.92% | 12,000 | SH |
| 29 | WALMART INC | WMT | 931142103 | $10.3M | 0.90% | 83,000 | SH |
| 30 | JANUS DETROIT STR TR | JBBB | 47103U753 | $10.1M | 0.88% | 215,894 | SH |
| 31 | DBX ETF TR Call | ASHR | 233051879 | $9.8M | 0.86% | 300,000 | SH |
| 32 | SPDR SERIES TRUST | KRE | 78464A698 | $9.8M | 0.85% | 150,000 | SH |
| 33 | COPA HOLDINGS SA | CPA | P31076105 | $9.7M | 0.84% | 85,000 | SH |
| 34 | TESLA INC Put | TSLA | 88160R101 | $8.9M | 0.78% | 24,000 | SH |
| 35 | SELECT SECTOR SPDR TR Put | XLP | 81369Y308 | $7.9M | 0.69% | 96,000 | SH |
| 36 | VANECK ETF TRUST Put | SMH | 92189F676 | $7.7M | 0.67% | 20,000 | SH |
| 37 | NVIDIA CORPORATION Put | NVDA | 67066G104 | $7.4M | 0.65% | 42,500 | SH |
| 38 | UBER TECHNOLOGIES INC Put | UBER | 90353T100 | $7.2M | 0.63% | 100,000 | SH |
| 39 | BROOKFIELD CORP | BN | 11271J107 | $6.4M | 0.56% | 157,276 | SH |
| 40 | AURA MINERALS INC | AUGO | G06973112 | $6.3M | 0.55% | 76,777 | SH |
| 41 | GRUPO CIBEST SA | CIB | 40090E106 | $6.1M | 0.53% | 83,202 | SH |
| 42 | VANGUARD BD INDEX FDS | BND | 921937835 | $5.5M | 0.48% | 74,542 | SH |
| 43 | ISHARES INC | ECH | 464286640 | $5.3M | 0.47% | 133,993 | SH |
| 44 | ALPHABET INC Call | GOOG | 02079K107 | $5.2M | 0.45% | 18,000 | SH |
| 45 | ALPHABET INC Put | GOOG | 02079K107 | $4.7M | 0.41% | 16,500 | SH |
| 46 | MICROSOFT CORP Put | MSFT | 594918104 | $4.4M | 0.39% | 12,000 | SH |
| 47 | AMAZON COM INC Call | AMZN | 023135106 | $4.4M | 0.38% | 21,000 | SH |
| 48 | THE CIGNA GROUP Put | CI | 125523100 | $4.0M | 0.35% | 15,000 | SH |
| 49 | MONOLITHIC PWR SYS INC Put | MPWR | 609839105 | $3.9M | 0.34% | 3,600 | SH |
| 50 | TARGA RES CORP Call | TRGP | 87612G101 | $3.8M | 0.33% | 15,000 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-13 | $1.14B | 185 | 0001536080-26-000002 |
| 2025-12-31 | 2026-02-12 | $585.1M | 163 | 0001536080-26-000001 |
| 2025-09-30 | 2025-11-13 | $684.9M | 155 | 0001536080-25-000003 |