BW Gestao de Investimentos Ltda. — 13F Holdings & Portfolio
CIK 1568280 · latest 13F-HR filed 2026-04-28
BW Gestao de Investimentos Ltda. manages $3.01B in 13F-reported U.S. long-equity assets across 270 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are SPY (8.65%), IWM (7.42%), IVV (6.51%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 128 new positions, exited 56, added to 49, and trimmed 68.
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.
$3.01B
Long-equity book
270
Distinct positions
2026-03-31
Filed 2026-04-28
+128 / −56 / ↑49 / ↓68
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- BROADCOM INC$24.0M +346.7%
- SABLE OFFSHORE CORP$21.9M +165.8%
- ROSS STORES INC$17.6M +1252.8%
- AMERICAN AIRLINES GROUP INC$17.2M +185.8%
- ALCOA CORP$15.9M +387.3%
Top Trims
- ISHARES TR-$310.1M -61.3%
- INVESCO EXCHANGE TRADED FD T-$277.6M -96.7%
- SHIFT4 PMTS INC-$36.8M -84.7%
- UIPATH INC-$31.5M -63.4%
- CAPITAL ONE FINL CORP-$16.9M -64.7%
New Positions
- GLOBAL X FDS$31.3M
- SOUTHERN CO$20.2M
- COMFORT SYS USA INC$19.3M
- VENTURE GLOBAL INC$16.9M
- ISHARES SILVER TR$16.4M
Exited Positions
- MICRON TECHNOLOGY INC$39.9M
- FTAI AVIATION LTD$23.1M
- LINDE PLC$20.5M
- SOCIEDAD QUIMICA Y MINERA DE$19.5M
- BANK AMERICA CORP$17.9M
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 Put | SPY | 78462F103 | $260.1M | 8.65% | 400,000 | SH |
| 2 | ISHARES TR Put | IWM | 464287655 | $223.2M | 7.42% | 900,000 | SH |
| 3 | ISHARES TR | IVV | 464287200 | $196.0M | 6.51% | 300,036 | SH |
| 4 | TESLA INC Put | TSLA | 88160R101 | $74.3M | 2.47% | 200,000 | SH |
| 5 | RB GLOBAL INC | RBA | 74935Q107 | $69.5M | 2.31% | 725,236 | SH |
| 6 | TENET HEALTHCARE CORP | THC | 88033G407 | $60.5M | 2.01% | 320,480 | SH |
| 7 | INVESCO QQQ TR Put | QQQ | 46090E103 | $57.7M | 1.92% | 100,000 | SH |
| 8 | SELECT SECTOR SPDR TR | XLU | 81369Y886 | $41.3M | 1.37% | 900,000 | SH |
| 9 | ECHOSTAR CORP | SATS | 278768106 | $39.9M | 1.32% | 340,534 | SH |
| 10 | ISHARES TR Call | IWM | 464287655 | $37.2M | 1.24% | 150,000 | SH |
| 11 | SABLE OFFSHORE CORP | SOC | 78574H104 | $35.2M | 1.17% | 2,129,105 | SH |
| 12 | ISHARES TR Call | IGV | 464287515 | $32.0M | 1.06% | 400,000 | SH |
| 13 | GLOBAL X FDS | COPX | 37954Y830 | $31.3M | 1.04% | 410,050 | SH |
| 14 | BROADCOM INC | AVGO | 11135F101 | $30.9M | 1.03% | 99,900 | SH |
| 15 | SELECT SECTOR SPDR TR | XLV | 81369Y209 | $29.5M | 0.98% | 201,000 | SH |
| 16 | CAPITAL ONE FINL CORP Call | COF | 14040H105 | $27.4M | 0.91% | 150,000 | SH |
| 17 | AMERICAN AIRLINES GROUP INC | AAL | 02376R102 | $26.5M | 0.88% | 2,468,000 | SH |
| 18 | SHERWIN WILLIAMS CO | SHW | 824348106 | $25.0M | 0.83% | 77,858 | SH |
| 19 | NUTANIX INC | NTNX | 67059N108 | $23.9M | 0.80% | 629,564 | SH |
| 20 | BLACKSTONE INC | BX | 09260D107 | $22.5M | 0.75% | 195,580 | SH |
| 21 | ECOLAB INC | ECL | 278865100 | $21.9M | 0.73% | 82,354 | SH |
| 22 | DICKS SPORTING GOODS INC | DKS | 253393102 | $21.5M | 0.71% | 108,365 | SH |
| 23 | CAPRI HOLDINGS LIMITED | CPRI | G1890L107 | $21.1M | 0.70% | 1,197,136 | SH |
| 24 | SOUTHERN CO | SO | 842587107 | $20.2M | 0.67% | 209,292 | SH |
| 25 | AMERICAN ELEC PWR CO INC | AEP | 025537101 | $20.1M | 0.67% | 153,248 | SH |
| 26 | ALCOA CORP | AA | 013872106 | $20.1M | 0.67% | 302,358 | SH |
| 27 | MEDLINE INC | MDLN | 58507V107 | $19.6M | 0.65% | 440,000 | SH |
| 28 | XCEL ENERGY INC | XEL | 98389B100 | $19.4M | 0.64% | 244,237 | SH |
| 29 | COMFORT SYS USA INC | FIX | 199908104 | $19.3M | 0.64% | 14,023 | SH |
| 30 | MICROSOFT CORP | MSFT | 594918104 | $19.2M | 0.64% | 51,809 | SH |
| 31 | ROSS STORES INC | ROST | 778296103 | $19.0M | 0.63% | 87,691 | SH |
| 32 | PARKER-HANNIFIN CORP | PH | 701094104 | $18.9M | 0.63% | 21,068 | SH |
| 33 | TALEN ENERGY CORP | TLN | 87422Q109 | $18.8M | 0.63% | 58,984 | SH |
| 34 | CONSOLIDATED EDISON INC | ED | 209115104 | $18.5M | 0.61% | 163,042 | SH |
| 35 | GLOBANT S A | GLOB | L44385109 | $18.2M | 0.61% | 395,524 | SH |
| 36 | UIPATH INC | PATH | 90364P105 | $18.2M | 0.60% | 1,638,950 | SH |
| 37 | CENTURY ALUM CO | CENX | 156431108 | $18.1M | 0.60% | 308,758 | SH |
| 38 | PAN AMERN SILVER CORP | PAAS | 697900108 | $17.3M | 0.57% | 316,199 | SH |
| 39 | FREEPORT MCMORAN INC | FCX | 35671D857 | $17.0M | 0.57% | 289,832 | SH |
| 40 | VENTURE GLOBAL INC | VG | 92333F101 | $16.9M | 0.56% | 1,074,345 | SH |
| 41 | MICRON TECHNOLOGY INC Put | MU | 595112103 | $16.9M | 0.56% | 50,000 | SH |
| 42 | APPLE INC | AAPL | 037833100 | $16.9M | 0.56% | 66,396 | SH |
| 43 | ISHARES SILVER TR | SLV | 46428Q109 | $16.4M | 0.54% | 240,475 | SH |
| 44 | WILLIAMS COS INC | WMB | 969457100 | $16.0M | 0.53% | 220,000 | SH |
| 45 | CENTERPOINT ENERGY INC | CNP | 15189T107 | $16.0M | 0.53% | 369,592 | SH |
| 46 | FORGENT POWER SOLUTIONS INC | FPS | 34631F102 | $15.8M | 0.53% | 540,000 | SH |
| 47 | AMRIZE LTD | AMRZ | H2927K103 | $15.8M | 0.52% | 281,311 | SH |
| 48 | ZIONS BANCORPORATION NATL AS | ZION | 989701107 | $15.3M | 0.51% | 265,000 | SH |
| 49 | NUTANIX INC Call | NTNX | 67059N108 | $15.2M | 0.51% | 400,000 | SH |
| 50 | CLARIVATE PLC | CLVT | G21810109 | $15.0M | 0.50% | 5,922,942 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-04-28 | $3.01B | 270 | 0001568280-26-000003 |
| 2025-12-31 | 2026-02-10 | $4.43B | 205 | 0001568280-26-000002 |