Fund Holdings

Banco BTG Pactual S.A.

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
ISHARES INC(Put)02,957,100+2,957,1000113,523,069+113,523,069
ISHARES INC(Call)02,145,600+2,145,600082,369,584+82,369,584
ISHARES TR0712,975+712,975056,724,29111.07%+56,724,291
STATE STR SPDR S&P 500 ETF T(SPY)070,000+70,000045,523,8008.88%+45,523,800
ISHARES INC0511,127+511,127038,452,0847.50%+38,452,084
VANGUARD INDEX FDS059,952+59,952035,824,3186.99%+35,824,318
ISHARES TR0140,000+140,000034,720,0006.77%+34,720,000
NU HLDGS LTD(NU)(Call)02,268,900+2,268,900032,604,093+32,604,093
ISHARES TR(Put)0120,000+120,000029,760,000+29,760,000
SELECT SECTOR SPDR TR0353,600+353,600028,988,1285.65%+28,988,128
NVIDIA CORPORATION(NVDA)(Call)0160,000+160,000027,904,000+27,904,000
ISHARES TR(Call)0100,000+100,000024,800,000+24,800,000
ISHARES INC0751,073+751,073028,833,6925.62%+28,833,692
ISHARES BITCOIN TRUST ETF(IBIT)(Call)0600,000+600,000023,052,000+23,052,000
JANUS DETROIT STR TR0429,426+429,426021,630,1884.22%+21,630,188
STATE STR SPDR S&P 500 ETF T(SPY)(Put)030,000+30,000019,510,200+19,510,200
TESLA INC(TSLA)052,058+52,058019,352,5623.78%+19,352,562
GE VERNOVA INC(GEV)(Call)022,000+22,000019,203,800+19,203,800
BROADCOM INC(AVGO)(Put)055,500+55,500017,177,805+17,177,805
BROADCOM INC(AVGO)(Call)055,000+55,000017,023,050+17,023,050
TAIWAN SEMICONDUCTOR MANUFAC(TSM)(Call)050,000+50,000016,897,500+16,897,500
SELECT SECTOR SPDR TR0255,502+255,502015,652,0533.05%+15,652,053
MICROSOFT CORP(MSFT)(Call)036,000+36,000013,326,120+13,326,120
AMAZON COM INC(AMZN)(Put)059,000+59,000012,287,930+12,287,930
SPDR SERIES TRUST0150,000+150,000012,070,5002.35%+12,070,500
TAIWAN SEMICONDUCTOR MANUFAC(TSM)(Put)033,000+33,000011,152,350+11,152,350
GE VERNOVA INC(GEV)(Put)012,000+12,000010,474,800+10,474,800
WALMART INC(WMT)083,000+83,000010,315,2402.01%+10,315,240
JANUS DETROIT STR TR0215,894+215,894010,061,7401.96%+10,061,740
DBX ETF TR(Call)0300,000+300,00009,792,000+9,792,000
SPDR SERIES TRUST0150,000+150,00009,772,5001.91%+9,772,500
BROADCOM INC(AVGO)070,182+70,182021,722,0314.24%+21,722,031
TESLA INC(TSLA)(Put)024,000+24,00008,922,000+8,922,000
COPA HOLDINGS SA(CPA)085,000+85,00009,656,8501.88%+9,656,850
SELECT SECTOR SPDR TR(Put)096,000+96,00007,870,080+7,870,080
NVIDIA CORPORATION(NVDA)(Put)042,500+42,50007,412,000+7,412,000
UBER TECHNOLOGIES INC(UBER)(Put)0100,000+100,00007,193,000+7,193,000
GRUPO CIBEST SA083,202+83,20206,057,9381.18%+6,057,938
AURA MINERALS INC(AUGO)076,777+76,77706,265,0031.22%+6,265,003
VANECK ETF TRUST(Put)020,000+20,00007,668,000+7,668,000
VANGUARD BD INDEX FDS074,542+74,54205,489,2731.07%+5,489,273
ISHARES INC0133,993+133,99305,327,5621.04%+5,327,562
ALPHABET INC(GOOG)(Call)018,000+18,00005,163,480+5,163,480
ALPHABET INC(GOOG)(Put)016,500+16,50004,733,190+4,733,190
BROOKFIELD CORP(BN)0157,276+157,27606,364,9601.24%+6,364,960
MICROSOFT CORP(MSFT)(Put)012,000+12,00004,442,040+4,442,040
AMAZON COM INC(AMZN)(Call)021,000+21,00004,373,670+4,373,670
THE CIGNA GROUP(CI)(Put)015,000+15,00004,001,250+4,001,250
MONOLITHIC PWR SYS INC(MPWR)(Put)03,600+3,60003,936,060+3,936,060
TARGA RES CORP(TRGP)(Call)015,000+15,00003,760,950+3,760,950
THE CIGNA GROUP(CI)(Call)014,000+14,00003,734,500+3,734,500
EXPAND ENERGY CORPORATION(EXE)(Put)032,000+32,00003,512,960+3,512,960
JBS N.V.(JBS)0191,081+191,08103,431,8150.67%+3,431,815
WELLTOWER INC(WELL)(Put)016,500+16,50003,262,215+3,262,215
NEWMONT CORP(NEM)(Put)030,000+30,00003,247,500+3,247,500
DRAFTKINGS INC NEW(DKNG)(Call)0150,000+150,00003,243,000+3,243,000
ADVANCED MICRO DEVICES INC(AMD)015,622+15,62203,177,9830.62%+3,177,983
ISHARES INC(Call)025,000+25,00003,075,250+3,075,250
VANGUARD INTL EQUITY INDEX F020,625+20,62502,852,8500.56%+2,852,850
VANGUARD STAR FDS036,552+36,55202,818,5250.55%+2,818,525
WYNN RESORTS LTD(WYNN)(Put)027,500+27,50002,792,625+2,792,625
ECOPETROL S A(EC)0185,952+185,95202,787,4200.54%+2,787,420
ISHARES GOLD TR(IAU)031,220+31,22002,752,3550.54%+2,752,355
ISHARES TR0100,000+100,00003,590,0000.70%+3,590,000
MASTERCARD INCORPORATED(MA)(Put)05,300+5,30002,648,198+2,648,198
EXXON MOBIL CORP(XOM)015,580+15,58002,643,3030.52%+2,643,303
NUCOR CORP(NUE)(Put)015,000+15,00002,536,500+2,536,500
BRAZE INC(BRZE)(Call)0100,000+100,00002,361,000+2,361,000
ISHARES SILVER TR(SLV)(Call)034,600+34,60002,352,800+2,352,800
VISA INC(V)(Put)07,500+7,50002,266,800+2,266,800
NEOS ETF TRUST040,990+40,99002,023,6760.39%+2,023,676
NXP SEMICONDUCTORS N V(Call)010,000+10,00001,968,600+1,968,600
REGENERON PHARMACEUTICALS(REGN)(Put)02,500+2,50001,931,600+1,931,600
COCA COLA CO(KO)(Call)025,000+25,00001,901,250+1,901,250
NEWMONT CORP(NEM)(Call)017,500+17,50001,894,375+1,894,375
NXP SEMICONDUCTORS N V(Put)09,500+9,50001,870,170+1,870,170
HOWMET AEROSPACE INC(HWM)(Put)08,000+8,00001,843,680+1,843,680
VISA INC(V)(Call)06,000+6,00001,813,440+1,813,440
WELLTOWER INC(WELL)09,166+9,16601,812,2100.35%+1,812,210
UBER TECHNOLOGIES INC(UBER)(Call)025,000+25,00001,798,250+1,798,250
WYNN RESORTS LTD(WYNN)(Call)017,300+17,30001,756,815+1,756,815
VANECK ETF TRUST019,267+19,26701,743,6600.34%+1,743,660
VANECK ETF TRUST04,529+4,52901,736,4190.34%+1,736,419
VALE S A0108,000+108,00001,718,2800.34%+1,718,280
ROBINHOOD MKTS INC(HOOD)(Call)024,000+24,00001,663,200+1,663,200
VENTAS INC(VTR)(Put)020,000+20,00001,635,600+1,635,600
VANGUARD CHARLOTTE FDS033,714+33,71401,619,9580.32%+1,619,958
ISHARES INC012,510+12,51001,538,8550.30%+1,538,855
VISTRA CORP(VST)(Call)010,000+10,00001,503,300+1,503,300
VANGUARD WORLD FD02,104+2,10401,468,0030.29%+1,468,003
NEOS ETF TRUST028,633+28,63301,422,7740.28%+1,422,774
ITAU UNIBANCO HLDG S A(ITUB)0169,644+169,64401,421,6170.28%+1,421,617
MONOLITHIC PWR SYS INC(MPWR)(Call)01,300+1,30001,421,355+1,421,355
ANHEUSER BUSCH INBEV SA NV(BUD)020,000+20,00001,387,4000.27%+1,387,400
NETFLIX INC.(NFLX)013,152+13,15201,264,5650.25%+1,264,565
VANECK MERK GOLD ETF(OUNZ)027,796+27,79601,252,2100.24%+1,252,210
INTERCONTINENTAL EXCHANGE IN(ICE)(Call)07,800+7,80001,226,784+1,226,784
NEOS ETF TRUST029,189+29,18901,183,8710.23%+1,183,871
VANECK ETF TRUST088,380+88,38001,131,2640.22%+1,131,264
APPLIED MATLS INC(Call)03,000+3,00001,025,370+1,025,370
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