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, exited 98, added to 76, and trimmed 71.
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.
15TH FLOOR
SAO PAULO, D5 04538-132
$5.05B
Long-equity book
307
Distinct positions
2026-06-30
Filed 2026-08-14
+134 / −98 / ↑76 / ↓71
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
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
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 |