BW Gestao de Investimentos Ltda. — 13F Holdings & Portfolio
CIK 1568280 · latest 13F-HR filed 2026-08-14
BW Gestao de Investimentos Ltda. manages $5.05B in 13F-reported U.S. long-equity assets across 307 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SPY (18.15%), IVV (16.20%), MU (4.91%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 134 new positions and exited 98; 76 existing positions rose in reported value and 71 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.
Long-equity book
Distinct positions
Filed 2026-08-14
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box 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 valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated 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
3 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 51.7%Cumulative share of the portfolio held in the largest N positions.
| 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.
Top Adds (vs prior quarter)
- ISHARES TR$622.8M +317.8%
- MICROSOFT CORP$24.1M +125.5%
- AMAZON COM INC$23.9M +216.9%
- ECOLAB INC$18.5M +84.2%
- ADVANCED MICRO DEVICES INC$13.2M +274.1%
Top Trims
- SELECT SECTOR SPDR TR-$31.1M -75.3%
- SABLE OFFSHORE CORP-$25.9M -73.6%
- AMERICAN AIRLINES GROUP INC-$23.1M -87.1%
- ALCOA CORP-$18.5M -92.4%
- PAN AMERN SILVER CORP-$16.3M -94.2%
New Positions
- STATE STR SPDR S&P 500 ETF T$916.8M
- SPACE EXPLORATION TECHN CORP$100.4M
- MICRON TECHNOLOGY INC$45.3M
- ALPHABET INC$31.8M
- ASML HLDG NV$29.8M
Exited Positions
- BROADCOM INC$30.9M
- TALEN ENERGY CORP$18.8M
- ISHARES SILVER TR$16.4M
- SOUTHWEST GAS HLDGS INC$14.4M
- NRG ENERGY INC$12.8M
BW Gestao de Investimentos Ltda. 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 | STATE STR SPDR S&P 500 ETF T | SPY | 78462F103 | $916.8M | 18.15% | 1,227,723 | SH |
| 2 | ISHARES TR | IVV | 464287200 | $818.8M | 16.20% | 1,093,321 | SH |
| 3 | MICRON TECHNOLOGY INC Put | MU | 595112103 | $248.2M | 4.91% | 215,000 | SH |
| 4 | ISHARES TR Put | IWM | 464287655 | $180.3M | 3.57% | 600,000 | SH |
| 5 | TESLA INC Put | TSLA | 88160R101 | $105.2M | 2.08% | 250,000 | SH |
| 6 | SPACE EXPLORATION TECHN CORP | SPCX | 84615Q103 | $100.4M | 1.99% | 587,335 | SH |
| 7 | INVESCO QQQ TR Put | QQQ | 46090E103 | $90.6M | 1.79% | 123,000 | SH |
| 8 | RB GLOBAL INC | RBA | 74935Q107 | $57.6M | 1.14% | 495,048 | SH |
| 9 | TENET HEALTHCARE CORP | THC | 88033G407 | $52.3M | 1.04% | 279,811 | SH |
| 10 | ISHARES INC Call | EWZ | 464286400 | $51.8M | 1.02% | 1,500,000 | SH |
| 11 | ISHARES INC Put | EWZ | 464286400 | $51.8M | 1.02% | 1,500,000 | SH |
| 12 | MICRON TECHNOLOGY INC | MU | 595112103 | $45.3M | 0.90% | 39,210 | SH |
| 13 | MICROSOFT CORP | MSFT | 594918104 | $43.3M | 0.86% | 115,951 | SH |
| 14 | ECOLAB INC | ECL | 278865100 | $40.4M | 0.80% | 144,856 | SH |
| 15 | VANECK ETF TRUST Put | SMH | 92189F676 | $39.4M | 0.78% | 60,000 | SH |
| 16 | MICROSOFT CORP Call | MSFT | 594918104 | $37.3M | 0.74% | 100,000 | SH |
| 17 | PLANET FITNESS MASTER ISSUER Call | PLNT | 72703H101 | $36.5M | 0.72% | 700,000 | SH |
| 18 | AMAZON COM INC | AMZN | 023135106 | $34.9M | 0.69% | 146,407 | SH |
| 19 | GLOBAL X FDS | COPX | 37954Y830 | $34.9M | 0.69% | 453,150 | SH |
| 20 | ECHOSTAR CORP | ECHO | 278768106 | $32.6M | 0.64% | 320,727 | SH |
| 21 | ISHARES TR Put | SOXX | 464287523 | $32.0M | 0.63% | 50,000 | SH |
| 22 | SELECT SECTOR SPDR TR | XLV | 81369Y209 | $31.9M | 0.63% | 201,000 | SH |
| 23 | ALPHABET INC | GOOG | 02079K107 | $31.8M | 0.63% | 90,000 | SH |
| 24 | ASML HLDG NV | ASML | N07059210 | $29.8M | 0.59% | 15,000 | SH |
| 25 | MEDLINE INC | MDLN | 58507V107 | $27.2M | 0.54% | 690,000 | SH |
| 26 | BLACKSTONE INC | BX | 09260D107 | $25.4M | 0.50% | 216,100 | SH |
| 27 | GENERAC HLDGS INC | GNRC | 368736104 | $24.2M | 0.48% | 82,814 | SH |
| 28 | CENTURY ALUM CO | CENX | 156431108 | $24.1M | 0.48% | 523,162 | SH |
| 29 | SHERWIN WILLIAMS CO | SHW | 824348106 | $23.6M | 0.47% | 68,562 | SH |
| 30 | PARKER-HANNIFIN CORP | PH | 701094104 | $23.5M | 0.47% | 24,026 | SH |
| 31 | NUTANIX INC | NTNX | 67059N108 | $23.0M | 0.45% | 450,526 | SH |
| 32 | APPLE INC | AAPL | 037833100 | $22.4M | 0.44% | 77,469 | SH |
| 33 | CLARIVATE PLC | CLVT | G21810109 | $21.7M | 0.43% | 10,041,847 | SH |
| 34 | XCEL ENERGY INC | XEL | 98389B100 | $20.6M | 0.41% | 256,306 | SH |
| 35 | GLOBAL X FDS | LIT | 37954Y855 | $20.2M | 0.40% | 258,000 | SH |
| 36 | GLOBAL X FDS | URA | 37954Y871 | $19.5M | 0.39% | 446,800 | SH |
| 37 | CONSOLIDATED EDISON INC | ED | 209115104 | $18.8M | 0.37% | 170,209 | SH |
| 38 | CORNING INC | GLW | 219350105 | $18.6M | 0.37% | 72,919 | SH |
| 39 | SOUTHERN CO | SO | 842587107 | $18.5M | 0.37% | 193,731 | SH |
| 40 | MOSAIC CO | MOS | 61945C103 | $18.5M | 0.37% | 873,053 | SH |
| 41 | QUALCOMM INC Call | QCOM | 747525103 | $18.5M | 0.37% | 100,000 | SH |
| 42 | ADVANCED MICRO DEVICES INC | AMD | 007903107 | $18.0M | 0.36% | 31,052 | SH |
| 43 | FORGENT POWER SOLUTIONS INC | FPS | 34631F102 | $17.9M | 0.35% | 320,824 | SH |
| 44 | AMERICAN ELEC PWR CO INC | AEP | 025537101 | $17.6M | 0.35% | 128,353 | SH |
| 45 | CENTERPOINT ENERGY INC | CNP | 15189T107 | $16.9M | 0.34% | 384,471 | SH |
| 46 | CAPITAL ONE FINL CORP | COF | 14040H105 | $16.7M | 0.33% | 82,997 | SH |
| 47 | WILLIAMS COS INC | WMB | 969457100 | $16.5M | 0.33% | 221,536 | SH |
| 48 | ISHARES TR | EEM | 464287234 | $16.3M | 0.32% | 238,968 | SH |
| 49 | TIMKEN CO | TKR | 887389104 | $16.0M | 0.32% | 110,445 | SH |
| 50 | BLACK HILLS CORP | BKH | 092113109 | $16.0M | 0.32% | 215,401 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $5.05B | 307 | 0001568280-26-000005 |
| 2026-03-31 | 2026-04-28 | $3.01B | 270 | 0001568280-26-000003 |
| 2025-12-31 | 2026-02-10 | $4.43B | 205 | 0001568280-26-000002 |
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