SPX Gestao de Recursos Ltda — 13F Holdings & Portfolio
CIK 1589176 · latest 13F-HR filed 2026-05-06
SPX Gestao de Recursos Ltda manages $1.20B in 13F-reported U.S. long-equity assets across 82 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are PBR.A (10.70%), XLP (9.98%), STNE (9.06%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 23 new positions, exited 17, added to 21, and trimmed 23.
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.
$1.20B
Long-equity book
82
Distinct positions
2026-03-31
Filed 2026-05-06
+23 / −17 / ↑21 / ↓23
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- PETROLEO BRASILEIRO SA PETRO$115.7M +875.0%
- VALE SA SP ADR$83.0M +1612.3%
- NVIDIA CORP$43.2M +1597.4%
- STONECO LTD-A$31.7M +40.9%
- INTER & CO INC - CL A$29.1M +988.2%
Top Trims
- XP INC - CLASS A-$46.1M -67.1%
- CREDICORP-$34.3M -60.0%
- RIO TINTO PLC-$32.9M -87.9%
- MICRON TECHNOLOGY INC-$25.6M -99.7%
- ALIBABA GROUP HOLDING LTD-$22.0M -100.0%
New Positions
- STATE STREET CONSUMER STAPLES$120.2M
- ISHARES MSCI CHN$54.6M
- NU HOLDINGS LTD/CAYMAN ISL-A$36.9M
- TAIWAN SEMI ADR$20.0M
- ISHARES MSCI BRAZIL ETF$18.9M
Exited Positions
- KRANESHARES CSI CHINA$70.7M
- STATE STREET SPDR S&P 500 ETF$55.5M
- FIRST SOLAR INC$53.4M
- AURA MINERALS INC$44.2M
- GLOBANT SA$8.7M
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 | PETROLEO BRASILEIRO SA PETRO | PBR.A | 71654V101 | $128.9M | 10.70% | 6,874,705 | SH |
| 2 | STATE STREET CONSUMER STAPLES | XLP | 81369Y308 | $120.2M | 9.98% | 1,466,111 | SH |
| 3 | STONECO LTD-A | STNE | G85158106 | $109.1M | 9.06% | 7,728,014 | SH |
| 4 | VALE SA SP ADR | VALE | 91912E105 | $88.1M | 7.32% | 5,539,608 | SH |
| 5 | ISHARES MSCI CHN | MCHI | 46429B671 | $54.6M | 4.53% | 972,000 | SH |
| 6 | VINCI COMPASS INVESTMENTS LTD | VINP | G9451V109 | $49.3M | 4.09% | 4,672,173 | SH |
| 7 | ARCOS DORADOS HOLDINGS INC | ARCO | G0457F107 | $49.1M | 4.08% | 5,949,286 | SH |
| 8 | NVIDIA CORP | NVDA | 67066G104 | $45.9M | 3.81% | 263,200 | SH |
| 9 | LATAM AIRLINES GROUP-SP ADR | LTM | 51817R205 | $43.6M | 3.62% | 881,976 | SH |
| 10 | BANCO BRADESCO | BBD | 059460303 | $40.3M | 3.35% | 11,051,974 | SH |
| 11 | NU HOLDINGS LTD/CAYMAN ISL-A | NU | G6683N103 | $36.9M | 3.07% | 2,569,755 | SH |
| 12 | PETROLEO BRASILEIRO ADR | PBR | 71654V408 | $36.0M | 2.99% | 1,732,842 | SH |
| 13 | TRANSPORT GAS SUR B ADR | TGS | 893870204 | $35.5M | 2.95% | 1,025,136 | SH |
| 14 | INTER & CO INC - CL A | INTR | G4R20B107 | $32.0M | 2.66% | 4,023,802 | SH |
| 15 | COPA HOLDINGS SA | CPA | P31076105 | $25.5M | 2.12% | 224,792 | SH |
| 16 | CREDICORP | BAP | G2519Y108 | $22.9M | 1.90% | 67,403 | SH |
| 17 | XP INC - CLASS A | XP | G98239109 | $22.6M | 1.88% | 1,187,073 | SH |
| 18 | EMBRAER SA | EMBJ | 29082A107 | $21.0M | 1.74% | 353,289 | SH |
| 19 | TAIWAN SEMI ADR | TSM | 874039100 | $20.0M | 1.66% | 59,271 | SH |
| 20 | ISHARES MSCI BRAZIL ETF | EWZ | 464286400 | $18.9M | 1.57% | 493,168 | SH |
| 21 | BP PLC | BP | 055622104 | $16.7M | 1.38% | 354,344 | SH |
| 22 | GERDAU SA | GGB | 373737105 | $15.4M | 1.28% | 4,254,223 | SH |
| 23 | PAMPA ENERGIA SA | PAM | 697660207 | $14.5M | 1.20% | 163,643 | SH |
| 24 | AMAZON.COM INC | AMZN | 023135106 | $13.0M | 1.08% | 62,640 | SH |
| 25 | SHARKNINJA INC | SN | G8068L108 | $11.0M | 0.92% | 104,170 | SH |
| 26 | CIA PARANAENSE DE ENER-ADR | ELPC | 20441B704 | $10.8M | 0.89% | 902,109 | SH |
| 27 | ALCOA CORP | AA | 013872106 | $10.3M | 0.86% | 155,300 | SH |
| 28 | TELECOM ARGENTINA | TEO | 879273209 | $8.6M | 0.71% | 732,697 | SH |
| 29 | CORPAY INC | CPAY | 219948106 | $8.5M | 0.71% | 29,260 | SH |
| 30 | AXIA ENERGIA SA | AXIAPC | 15236F100 | $7.3M | 0.61% | 669,035 | SH |
| 31 | VANECK OIL SERVICES ETF | OIH | 92189H607 | $6.7M | 0.55% | 16,500 | SH |
| 32 | CENTRAL PUERTO-SPONSORED ADR | CEPU | 155038201 | $6.1M | 0.51% | 361,495 | SH |
| 33 | EVE HOLDING INC | EVEX | 29970N104 | $5.7M | 0.47% | 2,293,630 | SH |
| 34 | GRINDR INC | GRND | 39854F101 | $5.5M | 0.46% | 455,800 | SH |
| 35 | BASIC SANITATION COMPANY OF THE STATE OF | SBS | 20441A102 | $5.4M | 0.45% | 177,950 | SH |
| 36 | SHELL PLC-ADR | SHEL | 780259305 | $4.9M | 0.40% | 52,300 | SH |
| 37 | META PLATFORMS INC | META | 30303M102 | $4.9M | 0.40% | 8,480 | SH |
| 38 | RIO TINTO PLC | RIO | 767204100 | $4.5M | 0.38% | 48,650 | SH |
| 39 | BLUE OWL CAPITAL INC | OWL | 09581B103 | $4.5M | 0.37% | 489,660 | SH |
| 40 | LUXEXPERIENCE BV | LUXE | 55406W103 | $4.2M | 0.35% | 523,410 | SH |
| 41 | CANTOR EQUITY PARTNERS-CL A | CEPT | G1827P106 | $3.3M | 0.28% | 305,000 | SH |
| 42 | CANTALOUPE INC | CTLP | 138103106 | $3.2M | 0.27% | 298,600 | SH |
| 43 | CORE SCIENTIFIC INC | CORZ | 21874A106 | $3.1M | 0.26% | 205,350 | SH |
| 44 | ULTRAPAR PARTICIPACOES | UGP | 90400P101 | $2.9M | 0.24% | 519,126 | SH |
| 45 | TALEN ENERGY CORP | TLN | 87422Q109 | $2.4M | 0.20% | 7,490 | SH |
| 46 | PUT - EEM 100 @ 56 EXP 04/17/2026 Put | I:BOX17J26 | 99DQX52N2 | $2.3M | 0.19% | 17,000 | SH |
| 47 | SOLSTICE ADVANCED MATERI-W/I | SOLS | 83443Q103 | $2.3M | 0.19% | 29,600 | SH |
| 48 | PAGAYA TECHNOLOGIES LTD -A | PGY | M7S64L123 | $2.1M | 0.17% | 180,100 | SH |
| 49 | TRANSDIGM GROUP INC | TDG | 893641100 | $2.1M | 0.17% | 1,780 | SH |
| 50 | BANCO SANTANDER CHILE | BSAC | 05965X109 | $1.9M | 0.16% | 56,479 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-06 | $1.20B | 82 | 0001589176-26-000002 |
| 2025-12-31 | 2026-02-13 | $978.9M | 73 | 0001589176-26-000001 |