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Banco BTG Pactual S.A. — 13F Holdings & Portfolio

CIK 1536080 · latest 13F-HR filed 2026-08-07

Backtest portfolio

Banco BTG Pactual S.A. manages $1.19B in 13F-reported U.S. long-equity assets across 194 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are EWZ (7.55%), SPY (5.90%), HYG (5.07%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 56 new positions and exited 22; 49 existing positions rose in reported value and 26 fell.

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.

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AUM
$1.19B

Long-equity book

Holdings
194

Distinct positions

Period
2026-06-30

Filed 2026-08-07

Q/Q Activity
+56 / −22 / ↑49 / ↓26

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
SPY9.3% · +34%HYG8.0% · +5%VOO6.5% · +18%IWM6.4% · +14%EWW6.1% · +20%EWZ5.1% · +48%TSLA4.3% · +48%AVGO3.5% · +0%CIB3.4% · +288%XLP3.2% · -19%XLE3.0% · +69%JAAA2.3% · -20%RIO2.2% · +2840%WMT1.9% · +55%CPA1.8% · 0%SMH1.7% · +333%NU1.7% · +290%JBBB1.7% · +23%KRE1.5% · 0%QQQ1.5% · newAAPL1.4% · +1564%XRT1.4% · -19%SPCX1.2% · newGEV1.1% · newINTC0.9% · newBN0.9% · +0%EC0.8% · +117%QCOM0.7% · newFCX0.7% · newENIC0.7% · +260%AUGO0.6% · 0%ECH0.6% · -11%IGV0.6% · newAMZN0.6% · +4%AMD0.6% · -53%UBER0.5% · +1118%PSUS0.5% · newVXUS0.4% · 0%GDX0.4% · newNVDA0.4% · +161%IBIT0.4% · +379%OUNZ0.3% · +137%QQQI0.3% · +53%INTR0.3% · newIAU0.3% · +1%JBS0.3% · 0%BND0.3% · -61%XOM0.3% · -1%GGAL0.3% · +669%CEPU0.3% · newCRWD0.2% · -0%LQD0.2% · +447%BUD0.2% · 0%XP0.2% · newVALE0.2% · -4%BHP0.2% · +35%REMX0.2% · newNLR0.2% · +336%SPYI0.2% · -38%VIOV0.2% · +295%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 55.8%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

Name Title / Status Ownership Type

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Banco BTG Pactual S.A. Holdings (2026-06-30)

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 Call EWZ 464286400 $89.5M 7.55% 2,595,600 SH
2 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $69.9M 5.90% 93,600 SH
3 ISHARES TR HYG 464288513 $60.1M 5.07% 751,373 SH
4 VANGUARD INDEX FDS VOO 922908363 $48.7M 4.11% 70,918 SH
5 ISHARES INC Put EWZ 464286400 $48.2M 4.07% 1,397,900 SH
6 ISHARES TR IWM 464287655 $48.1M 4.06% 160,000 SH
7 ISHARES INC EWW 464286822 $46.0M 3.88% 611,127 SH
8 ISHARES INC EWZ 464286400 $38.5M 3.25% 1,115,073 SH
9 TESLA INC TSLA 88160R101 $32.4M 2.73% 77,042 SH
10 INVESCO QQQ TR Call QQQ 46090E103 $29.1M 2.45% 39,500 SH
11 ECOPETROL S A Call EC 279158109 $27.5M 2.32% 1,930,200 SH
12 META PLATFORMS INC Call META 30303M102 $27.3M 2.30% 48,500 SH
13 BROADCOM INC AVGO 11135F101 $26.6M 2.24% 70,366 SH
14 GRUPO CIBEST SA CIB 40090E106 $25.7M 2.17% 323,276 SH
15 SELECT SECTOR SPDR TR XLP 81369Y308 $23.7M 2.00% 285,500 SH
16 SELECT SECTOR SPDR TR XLE 81369Y506 $22.9M 1.93% 431,202 SH
17 STATE STR SPDR S&P 500 ETF T Put SPY 78462F103 $19.7M 1.66% 26,400 SH
18 INTEL CORP Put INTC 458140100 $18.2M 1.53% 130,000 SH
19 NVIDIA CORPORATION Put NVDA 67066G104 $18.0M 1.52% 90,000 SH
20 JANUS DETROIT STR TR JAAA 47103U845 $17.3M 1.46% 342,802 SH
21 RIO TINTO PLC RIO 767204100 $16.2M 1.37% 170,511 SH
22 WALMART INC WMT 931142103 $14.6M 1.23% 128,500 SH
23 MICROSOFT CORP Call MSFT 594918104 $13.4M 1.13% 36,000 SH
24 COPA HOLDINGS SA CPA P31076105 $13.2M 1.12% 85,000 SH
25 VANECK ETF TRUST SMH 92189F676 $12.9M 1.09% 19,609 SH
26 SPACE EXPLORATION TECHN CORP Put SPCX 84615Q103 $12.8M 1.08% 75,000 SH
27 NU HLDGS LTD NU G6683N103 $12.6M 1.06% 939,839 SH
28 JANUS DETROIT STR TR JBBB 47103U753 $12.5M 1.06% 264,830 SH
29 SPDR SERIES TRUST KRE 78464A698 $11.2M 0.95% 150,000 SH
30 INVESCO QQQ TR QQQ 46090E103 $11.0M 0.93% 15,000 SH
31 APPLE INC AAPL 037833100 $10.7M 0.90% 37,004 SH
32 SPDR SERIES TRUST XRT 78464A714 $10.7M 0.90% 122,000 SH
33 TESLA INC Put TSLA 88160R101 $10.1M 0.85% 24,000 SH
34 YPF SOCIEDAD ANONIMA Call YPF 984245100 $9.1M 0.77% 200,000 SH
35 YPF SOCIEDAD ANONIMA Put YPF 984245100 $9.1M 0.77% 200,000 SH
36 META PLATFORMS INC Put META 30303M102 $9.0M 0.76% 16,000 SH
37 NVIDIA CORPORATION Call NVDA 67066G104 $9.0M 0.76% 45,000 SH
38 SPACE EXPLORATION TECHN CORP SPCX 84615Q103 $8.8M 0.75% 51,707 SH
39 ECOPETROL S A Put EC 279158109 $8.5M 0.72% 600,000 SH
40 GE VERNOVA INC GEV 36828A101 $8.4M 0.71% 7,160 SH
41 INTEL CORP INTC 458140100 $7.0M 0.59% 50,000 SH
42 BROOKFIELD CORP BN 11271J107 $6.7M 0.57% 157,392 SH
43 SPACE EXPLORATION TECHN CORP Call SPCX 84615Q103 $6.0M 0.50% 35,000 SH
44 ALIBABA GROUP HLDG LTD Put BABA 01609W102 $5.8M 0.49% 60,000 SH
45 ECOPETROL S A EC 279158109 $5.7M 0.48% 402,757 SH
46 ISHARES TR Call IGV 464287515 $5.7M 0.48% 62,900 SH
47 CADENCE DESIGN SYSTEM INC Put CDNS 127387108 $5.7M 0.48% 15,100 SH
48 QUALCOMM INC QCOM 747525103 $5.5M 0.47% 30,015 SH
49 FREEPORT MCMORAN INC FCX 35671D857 $5.3M 0.45% 85,000 SH
50 ENEL CHILE SA ENIC 29278D105 $5.1M 0.43% 1,138,705 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-07 $1.19B 194 0001536080-26-000004
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
Filer Information
Address
PRAIA DE BOTAFOGO,501, 5TH FLOOR
TORRE CORCOVADO, BOTAFOGO
RIO DE JANEIRO, D5 24210-400
Phone
00 55 21 3262 9984
Filing Manager
Banco BTG Pactual S.A.
RIO DE JANEIRO, D5
Signatory
Vitor Fortunato
Compliance Officer