Fund HoldingsBW Gestao de Investimentos Ltda.

Total Portfolio Value
$3.40B
Total Bought
$1.96B
Total Sold
$1.71B
Net Transaction
+$247.83M
Filing Period:
Securities
SharesValue ($K)
Q4 2023
Q1 2024
Change
Q4 2023
Q1 2024
Weight (%)
Change
ISHARES TR(Put)1,500,0003,050,000+1,550,000301,065641,415+340,350
BLACKSTONE INC(BX)(Put)400,0002,397,600+1,997,60052,368314,973+262,605
INVESCO QQQ TR(Call)0480,000+480,0000213,125+213,125
ISHARES TR395,6002,195,600+1,800,00030,615170,6645.02%+140,049
SPDR S&P 500 ETF TR(SPY)(Put)400,000630,000+230,000190,124329,534+139,410
INVESCO QQQ TR(Put)100,000313,000+213,00040,952138,975+98,023
PACER FDS TR
US SM CAP CA ETF
01,880,000+1,880,000092,4212.72%+92,421
SPDR S&P 500 ETF TR(SPY)(Call)350,000470,000+120,000166,359245,843+79,484
INVESCO QQQ TR0136,000+136,000060,3851.78%+60,385
NVIDIA CORPORATION(NVDA)047,000+47,000042,4671.25%+42,467
SPDR S&P 500 ETF TR(SPY)081,000+81,000042,3691.25%+42,369
ISHARES INC0600,000+600,000040,2661.19%+40,266
GLOBAL X FDS
GLOBAL X COPPER
0870,000+870,000036,9141.09%+36,914
NVIDIA CORPORATION(NVDA)(Put)65,00071,000+6,00032,18964,153+31,963
RB GLOBAL INC(RBA)382,956701,538+318,58225,61653,4361.57%+27,820
TENET HEALTHCARE CORP(THC)330,471452,771+122,30024,97447,5911.40%+22,617
NVIDIA CORPORATION(NVDA)(Call)025,000+25,000022,589+22,589
VANECK ETF TRUST(Call)
SEMICONDUCTR ETF
0100,000+100,000022,499+22,499
AERCAP HOLDINGS NV(AER)0220,000+220,000019,1200.56%+19,120
FIRST SOLAR INC(FSLR)(Call)0100,000+100,000016,880+16,880
SPDR SER TR(Call)
ST STR SP REGBNK
0300,000+300,000015,084+15,084
STONECO LTD(STNE)339,5581,230,000+890,4426,12220,4300.60%+14,308
ORACLE CORP(ORCL)281,531342,531+61,00029,68243,0251.27%+13,344
META PLATFORMS INC(META)025,000+25,000012,1400.36%+12,140
CROWN HLDGS INC(CCK)0146,515+146,515011,6130.34%+11,613
R1 RCM INC0893,896+893,896011,5130.34%+11,513
SPDR SER TR
ST STR SP BIOT
0110,000+110,000010,4380.31%+10,438
VANGUARD INDEX FDS6,01034,225+28,2151,86811,7800.35%+9,912
VANECK ETF TRUST
SEMICONDUCTR ETF
041,000+41,00009,2250.27%+9,225
SELECT SECTOR SPDR TR
ST STR TECHN ETF
039,440+39,44008,2140.24%+8,214
ALBEMARLE CORP(ALB)055,000+55,00007,2460.21%+7,246
MARVELL TECHNOLOGY INC(MRVL)(Call)0100,000+100,00007,088+7,088
CROWN CASTLE INC(CCI)63,878128,878+65,0007,35813,6390.40%+6,281
SPDR SER TR
ST STR SP REGBNK
0123,530+123,53006,2110.18%+6,211
SELECT SECTOR SPDR TR
ST STR ENERG ETF
060,000+60,00005,6650.17%+5,665
BP PLC(BP)0150,000+150,00005,6520.17%+5,652
GILDAN ACTIVEWEAR INC(GIL)0150,000+150,00005,5700.16%+5,570
CAPRI HOLDINGS LIMITED
SHS
0120,000+120,00005,4360.16%+5,436
AIR LEASE CORP
CL A
0100,000+100,00005,1440.15%+5,144
SELECT SECTOR SPDR TR(Call)
ST STR INDL ETF
400,000400,000045,59650,384+4,788
KROGER CO(KR)080,000+80,00004,5700.13%+4,570
VANECK ETF TRUST
GOLD MINERS ETF
0141,925+141,92504,4880.13%+4,488
BLACKSTONE INC(BX)69,190102,293+33,1039,05813,4380.40%+4,380
SOUTHERN CO(SO)060,000+60,00004,3040.13%+4,304
TYSON FOODS INC(TSN)(Put)700,000700,000037,62541,111+3,486
WEYERHAEUSER CO MTN BE(WY)105,000185,000+80,0003,6516,6430.20%+2,993
WASTE CONNECTIONS INC(WCN)70,05277,931+7,87910,45713,4050.39%+2,948
GFL ENVIRONMENTAL INC(GFL)151,300218,300+67,0005,2217,5310.22%+2,310
CI&T INC395,0001,061,212+666,2122,0784,3830.13%+2,305
AGNICO EAGLE MINES LTD(AEM)50,00076,000+26,0002,7434,5330.13%+1,791
BIRKENSTOCK HOLDING PLC(BIRK)20,70055,000+34,3001,0092,5990.08%+1,590
ALPHABET INC(GOOG)20,34328,593+8,2502,8424,3160.13%+1,474
AES CORP(AES)720,000820,000+100,00013,86014,7030.43%+843
AMAZON COM INC(AMZN)25,70925,70903,9064,6370.14%+731
NU HLDGS LTD(NU)100,000100,00008331,1930.04%+360
SELECT SECTOR SPDR TR
ST STR DISCR ETF
42,62542,62507,6227,8380.23%+217
ISHARES TR89,38080,220-9,16027,09727,0380.80%-59
NIKE INC(NKE)12,97312,97301,4081,2190.04%-189
APPLE INC(AAPL)10,59610,59602,0401,8170.05%-223
ECOLAB INC(ECL)31,61522,465-9,1506,2715,1870.15%-1,084
IVANHOE ELECTRIC INC(IE)118,9000-118,9001,1990-1,199
BLOOMIN BRANDS INC364,219314,219-50,00010,2539,0120.27%-1,241
FORTIVE CORP(FTV)70,00045,000-25,0005,1543,8710.11%-1,283
CANADIAN PACIFIC KANSAS CITY(CP)55,00030,000-25,0004,3482,6450.08%-1,703
MICROSOFT CORP(MSFT)24,63317,367-7,2669,2637,3070.22%-1,956
WHEATON PRECIOUS METALS CORP(WPM)40,0000-40,0001,9740-1,974
T-MOBILE US INC(TMUS)187,663171,863-15,80030,08828,0510.83%-2,037
MANCHESTER UTD PLC NEW(Call)
ORD CL A
100,0000-100,0002,0380-2,038
ARDAGH METAL PACKAGING S A
SHS
2,783,6392,495,343-288,29610,6898,5590.25%-2,130
ARCOS DORADOS HOLDINGS INC(ARCO)200,0000-200,0002,5380-2,538
DISH NETWORK CORPORATION0002,9810-2,981
TECK RESOURCES LTD(TECK)75,0000-75,0003,1700-3,170
PAGSEGURO DIGITAL LTD(PAGS)280,1950-280,1953,4940-3,494
SOCIEDAD QUIMICA Y MINERA DE(SQM)60,0000-60,0003,6130-3,613
LINDE PLC(LIN)15,5005,000-10,5006,3662,3220.07%-4,044
SUZANO S A(SUZ)618,493206,493-412,0007,0262,6390.08%-4,387
LOWES COS INC(LOW)39,38516,770-22,6158,7654,2720.13%-4,493
VALE S A300,0000-300,0004,7580-4,758
ROYAL GOLD INC(RGLD)40,0000-40,0004,8380-4,838
SPDR SER TR
ST STR SP RETAIL
69,4650-69,4655,0240-5,024
COINBASE GLOBAL INC(COIN)30,0000-30,0005,2180-5,218
NUTANIX INC(NTNX)144,3190-144,3196,8830-6,883
FORD MTR CO DEL(F)(Put)600,0000-600,0007,3140-7,314
SELECT SECTOR SPDR TR
ST STR STAPL ETF
298,885183,630-115,25521,52914,0220.41%-7,507
CROCS INC(CROX)85,0001,699-83,3017,9402440.01%-7,696
AFFIRM HLDGS INC(AFRM)(Put)350,000250,000-100,00017,1999,315-7,884
INVESCO EXCH TRADED FD TR II(Call)
SOLAR ETF
150,0000-150,0008,0030-8,002
PHILIP MORRIS INTL INC(PM)200,000115,000-85,00018,81610,5360.31%-8,280
SHERWIN WILLIAMS CO(SHW)46,41214,822-31,59014,4765,1480.15%-9,328
AMERICAN TOWER CORP NEW(AMT)45,0000-45,0009,7150-9,715
ISHARES TR634,706217,686-417,02015,2525,2400.15%-10,012
LAMB WESTON HLDGS INC(LW)105,0000-105,00011,3490-11,349
ARK ETF TR(Put)
INNOVATION ETF
600,000400,000-200,00031,42220,032-11,390
KENVUE INC(KVUE)(Call)600,0000-600,00012,9180-12,918
ISHARES TR51,8200-51,82013,0700-13,070
KENVUE INC(KVUE)625,0000-625,00013,4560-13,456
FIRST SOLAR INC(FSLR)118,30737,307-81,00020,3826,2970.19%-14,085
KRANESHARES TR570,0000-570,00015,3900-15,390
T-MOBILE US INC(TMUS)(Call)100,0000-100,00016,0330-16,033
NIKE INC(NKE)(Put)150,0000-150,00016,2860-16,285
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