Fund HoldingsBW Gestao de Investimentos Ltda.

Total Portfolio Value
$3.18B
Total Bought
$2.10B
Total Sold
$2.05B
Net Transaction
+$52.19M
Filing Period:
Securities
SharesValue ($K)
Q4 2024
Q1 2025
Change
Q4 2024
Q1 2025
Weight (%)
Change
SPDR S&P 500 ETF TR(SPY)(Call)0770,000+770,0000430,730+430,730
SPDR S&P 500 ETF TR(SPY)(Put)425,0001,050,000+625,000249,084587,360+338,276
INVESCO QQQ TR(Call)0450,000+450,0000211,014+211,014
INVESCO QQQ TR(Put)120,000550,000+430,00061,348257,906+196,558
SPDR INDEX SHS FDS(Put)
ST STR EU 50 ETF
01,500,000+1,500,000081,615+81,615
ISHARES TR(Call)95,000400,000+305,00020,99179,796+58,805
ISHARES TR(Put)01,000,000+1,000,000078,890+78,890
INVESCO EXCHANGE TRADED FD T(Put)
S&P500 EQL WGT
100,000406,200+306,20017,52370,366+52,843
ARK ETF TR(Call)
INNOVATION ETF
01,000,000+1,000,000047,580+47,580
ISHARES INC760,0002,500,000+1,740,00017,10864,6252.03%+47,517
ORACLE CORP(ORCL)0300,480+300,480042,0101.32%+42,010
SHIFT4 PMTS INC(FOUR)(Call)0450,000+450,000036,770+36,770
ORACLE CORP(ORCL)(Call)0240,000+240,000033,554+33,554
TALEN ENERGY CORP(TLN)32,756161,758+129,0026,59932,2981.02%+25,699
CAPRI HOLDINGS LIMITED
SHS
01,152,420+1,152,420022,7370.71%+22,737
ISHARES TR(Put)01,100,000+1,100,0000219,439+219,439
AERCAP HOLDINGS NV(AER)(Call)0200,000+200,000020,434+20,434
VISTRA CORP(VST)0173,490+173,490020,3750.64%+20,375
SHIFT4 PMTS INC(FOUR)0336,000+336,000027,4550.86%+27,455
NUTANIX INC(NTNX)(Call)0250,000+250,000017,453+17,453
RB GLOBAL INC(RBA)431,685550,298+118,61338,94255,1951.73%+16,253
TAIWAN SEMICONDUCTOR MFG LTD(TSM)095,200+95,200015,8030.50%+15,803
TENET HEALTHCARE CORP(THC)440,218529,785+89,56755,56971,2562.24%+15,687
API GROUP CORP(APG)0399,230+399,230014,2760.45%+14,276
NORTHERN OIL & GAS INC(NOG)0467,641+467,641014,1370.44%+14,137
BLACKSTONE INC(BX)0120,716+120,716016,8740.53%+16,874
ECOLAB INC(ECL)67,855111,505+43,65015,90028,2690.89%+12,369
KRANESHARES TRUST0339,000+339,000011,8340.37%+11,834
VISTRA CORP(VST)(Call)0100,000+100,000011,744+11,744
GOODYEAR TIRE & RUBR CO(GT)893,3702,125,666+1,232,2968,04019,6410.62%+11,601
PENN ENTERTAINMENT INC(PENN)0700,000+700,000011,4170.36%+11,417
EQUITABLE HLDGS INC0216,943+216,943011,3010.36%+11,301
UIPATH INC(PATH)01,067,700+1,067,700010,9970.35%+10,997
PACER FDS TR
US SM CAP CA ETF
0291,259+291,259010,9220.34%+10,922
NUTANIX INC(NTNX)0354,807+354,807024,7690.78%+24,769
PENN ENTERTAINMENT INC(PENN)(Call)0600,000+600,00009,786+9,786
PERRIGO CO PLC(PRGO)1,097,1921,298,444+201,25228,20936,4081.14%+8,200
DECKERS OUTDOOR CORP(DECK)072,800+72,80008,1400.26%+8,140
GLOBAL X FDS
GLOBAL X COPPER
0190,001+190,00107,4230.23%+7,423
AMENTUM HOLDINGS INC0394,400+394,40007,1780.23%+7,178
VANECK ETF TRUST
GOLD MINERS ETF
0152,000+152,00006,9870.22%+6,987
EPAM SYS INC(EPAM)041,300+41,30006,9730.22%+6,973
ALIGHT INC(Call)01,000,000+1,000,00005,930+5,930
TESLA INC(TSLA)019,700+19,70005,1050.16%+5,105
GOODYEAR TIRE & RUBR CO(GT)(Call)800,0001,300,000+500,0007,20012,012+4,812
RYDER SYS INC(R)41,44575,054+33,6096,50110,7940.34%+4,292
VICTORIAS SECRET AND CO(VSXY)(Call)0200,000+200,00003,716+3,716
CARNIVAL CORP0190,001+190,00103,7110.12%+3,711
CROCS INC(CROX)116,593154,131+37,53812,77016,3690.51%+3,598
GREENFIRE RES LTD NEW930,5921,683,625+753,0336,5709,8830.31%+3,313
TESLA INC(TSLA)(Put)20,00043,500+23,5008,07711,273+3,197
SOCIEDAD QUIMICA Y MINERA DE(SQM)080,000+80,00003,1780.10%+3,178
XP INC(XP)0200,000+200,00002,7500.09%+2,750
ISHARES TR030,000+30,00002,6700.08%+2,670
ALBEMARLE CORP(ALB)0116,733+116,73308,4070.26%+8,407
BRINKER INTL INC(EAT)015,200+15,20002,2660.07%+2,266
NRG ENERGY INC(NRG)022,800+22,80002,1760.07%+2,176
CVS HEALTH CORP(CVS)180,000150,000-30,0008,08010,1630.32%+2,082
SEA LTD(SE)015,200+15,20001,9830.06%+1,983
ALIGHT INC2,829,6383,592,127+762,48919,58121,3010.67%+1,720
ALPHABET INC(GOOG)029,571+29,57104,5730.14%+4,573
ON HLDG AG(ONON)030,400+30,40001,3350.04%+1,335
CAESARS ENTERTAINMENT INC NE(CZR)234,096364,096+130,0007,8239,1020.29%+1,279
ECOPETROL S A(EC)0114,000+114,00001,1900.04%+1,190
ARK ETF TR
INNOVATION ETF
024,667+24,66701,1740.04%+1,174
GAP INC(GAP)151,713227,713+76,0003,5854,6930.15%+1,108
TECK RESOURCES LTD(TECK)0103,990+103,99003,7880.12%+3,788
EQT CORP(EQT)113,366114,001+6355,2276,0910.19%+864
UNITED AIRLS HLDGS INC(UAL)011,400+11,40007870.02%+787
MEDICAL PPTYS TRUST INC(MPT)0120,000+120,00007240.02%+724
CENTURY ALUM CO(CENX)038,001+38,00107050.02%+705
SPORTRADAR GROUP AG(SRAD)030,400+30,40006570.02%+657
EMPRESA DIST Y COMERCIAL NOR(EDN)018,400+18,40005620.02%+562
BANCOLOMBIA S A012,634+12,63405080.02%+508
SHERWIN WILLIAMS CO(SHW)08,164+8,16402,8510.09%+2,851
BLOCK H & R INC20,10020,10001,0621,1040.03%+42
SERVICE CORP INTL(SCI)22,30022,30001,7801,7880.06%+8
VTEX053,300+53,30002700.01%+270
MURPHY USA INC(MUSA)2,8002,80001,4051,3150.04%-89
LOWES COS INC(LOW)06,965+6,96501,6240.05%+1,624
WENDYS CO(WEN)69,00069,00001,1251,0090.03%-115
TERAWULF INC(WULF)000000
APPLE INC(AAPL)07,966+7,96601,7690.06%+1,769
CAMECO CORP(CCJ)7,3320-7,3323770-377
CHIPOTLE MEXICAN GRILL INC(CMG)39,00039,00002,3521,9580.06%-394
HECLA MNG CO(HL)100,0000-100,0004910-491
MATERION CORP(MTRN)5,0000-5,0004940-494
TRANSALTA CORP(TAC)37,9800-37,9805370-537
WINGSTOP INC(WING)1,9180-1,9185450-545
VISTA ENERGY S.A.B. DE C.V.(VIST)30,13222,532-7,6001,6301,0490.03%-581
CI&T INC2,699,7412,639,839-59,90216,38715,7600.50%-628
SEMPRA(SRE)7,5820-7,5826650-665
RANGE RES CORP(RRC)18,9990-18,9996840-684
IREN LIMITED
ORDINARY SHARES
75,5610-75,5617420-742
NEXGEN ENERGY LTD(NXE)(Put)150,0000-150,0009900-990
DELTA AIR LINES INC DEL(DAL)000000
ROYAL GOLD INC(RGLD)10,0000-10,0001,3190-1,318
ANTERO RESOURCES CORP(AR)37,9990-37,9991,3320-1,332
NISOURCE INC(NI)37,9220-37,9221,3940-1,394
BROADCOM INC(AVGO)22,80122,800-15,2863,8170.12%-1,469
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