Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | Q3 2025 ▲▼ | Q4 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| PETROLEO BRASILEIRO SA PETRO(PBR) | 8,041,545 | 19,828,159 | +11,786,614 | 101,806 | 234,171 | 5.61% | +132,365 |
| NU HLDGS LTD(NU) | 6,684,418 | 12,592,559 | +5,908,141 | 107,018 | 210,799 | 5.05% | +103,782 |
| SPDR GOLD TR(GLD) | 0 | 283,174 | +283,174 | 0 | 112,225 | 2.69% | +112,225 |
| LATAM AIRLINES GROUP SA(LTM) | 0 | 1,545,674 | +1,545,674 | 0 | 83,266 | 2.00% | +83,266 |
| VALE S A | 0 | 10,122,584 | +10,122,584 | 0 | 132,707 | 3.18% | +132,707 |
| CEMEX SAB DE CV(CX) | 7,091,193 | 10,857,832 | +3,766,639 | 63,750 | 125,392 | 3.01% | +61,642 |
| ISHARES TR US TREAS BD ETF | 0 | 3,058,691 | +3,058,691 | 0 | 70,426 | 1.69% | +70,426 |
| MERCADOLIBRE INC(MELI) | 0 | 28,824 | +28,824 | 0 | 58,059 | 1.39% | +58,059 |
| VANGUARD INDEX FDS | 336,485 | 410,577 | +74,092 | 206,057 | 257,485 | 6.17% | +51,428 |
| APPLE INC(AAPL) | 0 | 230,457 | +230,457 | 0 | 62,652 | 1.50% | +62,652 |
| GRUPO AEROPUERTO DEL PACIFIC(PAC) | 0 | 161,435 | +161,435 | 0 | 42,634 | 1.02% | +42,634 |
| FOMENTO ECONOMICO MEXICANO S(FMX) | 0 | 409,557 | +409,557 | 0 | 41,408 | 0.99% | +41,408 |
| SPDR GOLD TRUST(GLD)(Call) | 3,750 | 3,750 | 0 | 56,450 | 92,608 | — | +36,158 |
| SELECT SECTOR SPDR TR ST STR FINL ETF | 0 | 702,341 | +702,341 | 0 | 38,467 | 0.92% | +38,467 |
| BANCO BRADESCO S A | 36,088,332 | 46,867,695 | +10,779,363 | 121,979 | 155,132 | 3.72% | +33,154 |
| ISHARES TR | 0 | 44,415 | +44,415 | 0 | 30,422 | 0.73% | +30,422 |
| GRUPO CIBEST AS | 246,270 | 651,368 | +405,098 | 12,791 | 41,523 | 1.00% | +28,731 |
| PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG | 6,399,690 | 9,218,618 | +2,818,928 | 75,644 | 103,249 | 2.47% | +27,604 |
| ISHARES TR | 77,077 | 186,377 | +109,300 | 18,650 | 45,884 | 1.10% | +27,235 |
| SPDR S&P 500 ETF TR(SPY) | 0 | 477,457 | +477,457 | 0 | 325,645 | 7.80% | +325,645 |
| ISHARES TR | 298,715 | 770,835 | +472,120 | 15,951 | 42,172 | 1.01% | +26,221 |
| ALPHABET INC(GOOG) | 117,019 | 170,797 | +53,778 | 27,721 | 53,459 | 1.28% | +25,738 |
| GRUPO AEROMEXICO SAB DE CV(AERO) | 0 | 1,101,434 | +1,101,434 | 0 | 24,351 | 0.58% | +24,351 |
| PALANTIR TECHNOLOGIES INC(PLTR) | 0 | 122,786 | +122,786 | 0 | 21,825 | 0.52% | +21,825 |
| ISHARES INC MSCI JAPAN ETF | 0 | 763,060 | +763,060 | 0 | 61,609 | 1.48% | +61,609 |
| EATON CORP PLC(ETN) | 0 | 69,255 | +69,255 | 0 | 22,058 | 0.53% | +22,058 |
| PINDUODUO INC(PDD) | 0 | 136,375 | +136,375 | 0 | 15,464 | 0.37% | +15,464 |
| AMAZON COM INC(AMZN) | 320,393 | 367,628 | +47,235 | 70,349 | 84,856 | 2.03% | +14,507 |
| VISA INC(V) | 0 | 39,993 | +39,993 | 0 | 14,026 | 0.34% | +14,026 |
| INVESCO ACTIVELY MANAGD ETF ACTIVE US REAL | 24,980 | 46,330 | +21,350 | 14,997 | 28,463 | 0.68% | +13,466 |
| INTERNATIONAL BUSINESS MACHS(IBM) | 0 | 44,059 | +44,059 | 0 | 13,051 | 0.31% | +13,051 |
| COPA HOLDINGS SA(CPA) | 21,078 | 127,532 | +106,454 | 2,504 | 15,332 | 0.37% | +12,827 |
| VANGUARD INTL EQUITY INDEX F | 850,566 | 963,000 | +112,434 | 67,875 | 80,516 | 1.93% | +12,641 |
| BANCO DE CHILE | 645,215 | 835,782 | +190,567 | 19,550 | 31,755 | 0.76% | +12,205 |
| ISHARES TR | 0 | 108,400 | +108,400 | 0 | 11,940 | 0.29% | +11,940 |
| TAIWAN SEMICONDUCTOR MFG LTD(TSM) | 0 | 83,071 | +83,071 | 0 | 25,244 | 0.61% | +25,244 |
| VANECK VECTORS ETF TR URANI NUCLE ETF | 0 | 84,755 | +84,755 | 0 | 10,527 | 0.25% | +10,527 |
| ETFIS SER TR I VIRTUS REAVES UT | 0 | 123,400 | +123,400 | 0 | 9,742 | 0.23% | +9,742 |
| AMERICA MOVIL SAB DE CV(AMX) | 1,982,312 | 2,450,123 | +467,811 | 41,629 | 50,758 | 1.22% | +9,130 |
| NVIDIA CORP(NVDA) | 444,294 | 489,137 | +44,843 | 82,896 | 91,224 | 2.19% | +8,328 |
| PAMPA ENERGIA S A(PAM) | 0 | 120,557 | +120,557 | 0 | 10,560 | 0.25% | +10,560 |
| MICROSOFT CORP(MSFT) | 95,528 | 117,928 | +22,400 | 49,479 | 57,032 | 1.37% | +7,554 |
| GRUPO FINANCIERO GALICIA S A(GGAL) | 0 | 564,437 | +564,437 | 0 | 30,446 | 0.73% | +30,446 |
| ISHARES TR | 0 | 53,410 | +53,410 | 0 | 6,583 | 0.16% | +6,583 |
| JPMORGAN CHASE & CO(JPM) | 0 | 20,560 | +20,560 | 0 | 6,625 | 0.16% | +6,625 |
| ROCKET LAB CORP(RKLB) | 0 | 88,000 | +88,000 | 0 | 6,200 | 0.15% | +6,200 |
| MERCK & CO INC(MRK) | 0 | 58,694 | +58,694 | 0 | 6,225 | 0.15% | +6,225 |
| NRG ENERGY INC(NRG) | 0 | 39,782 | +39,782 | 0 | 6,335 | 0.15% | +6,335 |
| VESTA REAL ESTATE CORPORATIO(VTMX) | 0 | 190,366 | +190,366 | 0 | 5,796 | 0.14% | +5,796 |
| WILLIAMS COS INC DEL(WMB) | 0 | 85,203 | +85,203 | 0 | 5,122 | 0.12% | +5,122 |
| EMBRAER S A(EMBJ) | 0 | 1,064,049 | +1,064,049 | 0 | 68,460 | 1.64% | +68,460 |
| INTUITIVE SURGICAL INC | 0 | 8,107 | +8,107 | 0 | 4,642 | 0.11% | +4,642 |
| SELECT SECTOR SPDR TR ST STR SVC ETF | 0 | 54,747 | +54,747 | 0 | 6,445 | 0.15% | +6,445 |
| SPDR SER TR SP O&G EXPL PRO | 0 | 34,800 | +34,800 | 0 | 4,394 | 0.11% | +4,394 |
| INVESCO EXCHNG TRADED FD TR | 2,925,998 | 3,051,133 | +125,135 | 74,379 | 78,750 | 1.89% | +4,371 |
| UIPATH INC(PATH) | 0 | 260,000 | +260,000 | 0 | 4,334 | 0.10% | +4,334 |
| TALEN ENERGY CORP(TLN) | 0 | 11,042 | +11,042 | 0 | 4,139 | 0.10% | +4,139 |
| TOWER SEMICONDUCTOR LTD(TSEM) | 0 | 34,000 | +34,000 | 0 | 4,100 | 0.10% | +4,100 |
| GLOBAL X FDS RBTCS ARTFL INTE | 0 | 108,000 | +108,000 | 0 | 3,951 | 0.09% | +3,951 |
| ARM HOLDINGS PLC | 0 | 34,650 | +34,650 | 0 | 3,788 | 0.09% | +3,788 |
| AES CORP(AES) | 0 | 259,061 | +259,061 | 0 | 3,715 | 0.09% | +3,715 |
| UNITED RENTALS INC(URI) | 0 | 4,583 | +4,583 | 0 | 3,709 | 0.09% | +3,709 |
| JBS N.V.(JBS) | 0 | 220,600 | +220,600 | 0 | 3,196 | 0.08% | +3,196 |
| NETFLIX INC(NFLX) | 0 | 281,297 | +281,297 | 0 | 26,375 | 0.63% | +26,375 |
| BBB FOODS INC(TBBB) | 1,201,241 | 1,059,893 | -141,348 | 32,385 | 35,558 | 0.85% | +3,172 |
| TESLA INC(TSLA) | 96,023 | 101,871 | +5,848 | 42,703 | 45,813 | 1.10% | +3,110 |
| OMEROS CORP(OMER) | 0 | 180,000 | +180,000 | 0 | 3,053 | 0.07% | +3,053 |
| KENVUE INC(KVUE) | 0 | 179,600 | +179,600 | 0 | 3,112 | 0.07% | +3,112 |
| FREEPORT-MCMORAN INC(FCX) | 134,000 | 158,037 | +24,037 | 5,255 | 8,125 | 0.19% | +2,869 |
| NUSCALE PWR CORP(SMR) | 0 | 188,000 | +188,000 | 0 | 2,690 | 0.06% | +2,690 |
| KINDER MORGAN INC DEL(KMI) | 0 | 98,222 | +98,222 | 0 | 2,700 | 0.06% | +2,700 |
| IONQ INC(IONQ) | 0 | 58,000 | +58,000 | 0 | 2,628 | 0.06% | +2,628 |
| WOODWARD INC(WWD) | 0 | 8,600 | +8,600 | 0 | 2,607 | 0.06% | +2,607 |
| ROBINHOOD MKTS INC(HOOD) | 47,206 | 80,418 | +33,212 | 6,759 | 9,283 | 0.22% | +2,524 |
| LOMA NEGRA CORP | 0 | 190,920 | +190,920 | 0 | 2,427 | 0.06% | +2,427 |
| L3HARRIS TECHNOLOGIES INC(LHX) | 0 | 8,000 | +8,000 | 0 | 2,364 | 0.06% | +2,364 |
| HORMEL FOODS CORP(HRL) | 70,792 | 169,581 | +98,789 | 1,751 | 4,019 | 0.10% | +2,268 |
| AMKOR TECHNOLOGY INC | 0 | 50,000 | +50,000 | 0 | 2,020 | 0.05% | +2,020 |
| QUALCOMM INC(QCOM) | 0 | 12,000 | +12,000 | 0 | 2,084 | 0.05% | +2,084 |
| INVESCO QQQ TR | 0 | 3,010 | +3,010 | 0 | 1,863 | 0.04% | +1,863 |
| MARRIOTT INTL INC NEW(MAR) | 0 | 5,844 | +5,844 | 0 | 1,813 | 0.04% | +1,813 |
| RAYTHEON TECHNOLOGIES CORP(RTX) | 0 | 9,857 | +9,857 | 0 | 1,808 | 0.04% | +1,808 |
| CORNING INC(GLW) | 0 | 20,000 | +20,000 | 0 | 1,777 | 0.04% | +1,777 |
| US BANCORP DEL(USB) | 0 | 33,142 | +33,142 | 0 | 1,768 | 0.04% | +1,768 |
| WAVE LIFE SCIENCES LTD(WVE) | 0 | 102,000 | +102,000 | 0 | 1,749 | 0.04% | +1,749 |
| AUTOZONE INC(AZO) | 0 | 529 | +529 | 0 | 1,794 | 0.04% | +1,794 |
| MICRON TECHNOLOGY INC(MU) | 0 | 27,410 | +27,410 | 0 | 7,823 | 0.19% | +7,823 |
| BEST BUY INC(BBY) | 72,007 | 107,349 | +35,342 | 5,445 | 7,185 | 0.17% | +1,740 |
| GE VERNOVA INC(GEV) | 2,000 | 4,517 | +2,517 | 1,230 | 2,952 | 0.07% | +1,722 |
| ROYAL CARIBBEAN CRUISES LTD COM | 0 | 5,990 | +5,990 | 0 | 1,671 | 0.04% | +1,671 |
| SCHWAB CHARLES CORP NEW(SCHW) | 0 | 16,564 | +16,564 | 0 | 1,655 | 0.04% | +1,655 |
| COMPANHIA PARANAENSE DE ENER(ELPC) | 0 | 413,804 | +413,804 | 0 | 1,564 | 0.04% | +1,564 |
| TRANSPORTADORA DE GAS SUR(TGS) | 0 | 49,035 | +49,035 | 0 | 1,516 | 0.04% | +1,516 |
| GERDAU SA(GGB) | 9,956,261 | 8,744,732 | -1,211,529 | 30,864 | 32,295 | 0.77% | +1,430 |
| NEXTERA ENERGY INC(NEE) | 54,198 | 68,204 | +14,006 | 4,091 | 5,475 | 0.13% | +1,384 |
| OKLO INC(OKLO) | 0 | 18,000 | +18,000 | 0 | 1,289 | 0.03% | +1,289 |
| ASML HOLDING N V N Y REGISTRY SHS | 0 | 1,350 | +1,350 | 0 | 1,447 | 0.03% | +1,447 |
| BROADCOM INC(AVGO) | 0 | 66,839 | +66,839 | 0 | 23,133 | 0.55% | +23,133 |
| MARVELL TECHNOLOGY INC(MRVL) | 0 | 12,375 | +12,375 | 0 | 1,052 | 0.03% | +1,052 |
| HUBBELL INC(HUBB) | 0 | 2,231 | +2,231 | 0 | 991 | 0.02% | +991 |