Fund Holdings

BW Gestao de Investimentos Ltda.

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
TESLA INC(TSLA)(Put)0200,000+200,000074,350,000+74,350,000
ISHARES TR(Call)0400,000+400,000032,020,000+32,020,000
GLOBAL X FDS0410,050+410,050031,307,3181.39%+31,307,318
CAPITAL ONE FINL CORP(COF)(Call)0150,000+150,000027,364,500+27,364,500
BROADCOM INC(AVGO)20,00099,900+79,9006,922,00030,920,0491.38%+23,998,049
SABLE OFFSHORE CORP(SOC)1,467,2222,129,105+661,88313,234,34235,172,8151.56%+21,938,473
SOUTHERN CO(SO)0209,292+209,292020,200,8640.90%+20,200,864
COMFORT SYS USA INC(FIX)014,023+14,023019,337,5770.86%+19,337,577
ROSS STORES INC(ROST)7,79587,691+79,8961,404,19118,996,5010.85%+17,592,310
AMERICAN AIRLINES GROUP INC(AAL)605,0002,468,000+1,863,0009,274,65026,506,3201.18%+17,231,670
VENTURE GLOBAL INC(VG)01,074,345+1,074,345016,931,6770.75%+16,931,677
MICRON TECHNOLOGY INC(MU)(Put)050,000+50,000016,892,000+16,892,000
ISHARES SILVER TR(SLV)0240,475+240,475016,385,9670.73%+16,385,967
WILLIAMS COS INC(WMB)0220,000+220,000016,011,6000.71%+16,011,600
ALCOA CORP(AA)77,455302,358+224,9034,115,95920,055,4060.89%+15,939,447
FORGENT POWER SOLUTIONS INC(FPS)0540,000+540,000015,805,8000.70%+15,805,800
ZIONS BANCORPORATION NATL AS(ZION)0265,000+265,000015,269,3000.68%+15,269,300
NUTANIX INC(NTNX)(Call)0400,000+400,000015,204,000+15,204,000
MEDLINE INC(MDLN)150,000440,000+290,0006,300,00019,580,0000.87%+13,280,000
GLOBAL X FDS0172,000+172,000012,788,2000.57%+12,788,200
CLOUDFLARE INC(NET)058,779+58,779012,128,4590.54%+12,128,459
PINNACLE FINL PARTNERS INC(PNFP)0137,604+137,604011,853,2090.53%+11,853,209
ECHOSTAR CORP(SATS)259,871340,534+80,66328,247,97839,866,3151.77%+11,618,337
TESLA INC(TSLA)030,000+30,000011,152,5000.50%+11,152,500
CENTURY ALUM CO(CENX)183,669308,758+125,0897,196,15118,121,0070.81%+10,924,856
CIENA CORP(CIEN)028,085+28,085010,903,4400.49%+10,903,440
VISTRA CORP(VST)070,132+70,132010,542,9440.47%+10,542,944
DIGITALOCEAN HLDGS INC(DOCN)0122,624+122,624010,518,6870.47%+10,518,687
ISHARES TR0175,009+175,00909,938,7610.44%+9,938,761
GE AEROSPACE(GE)034,889+34,88909,900,4520.44%+9,900,452
SPDR SERIES TRUST0100,000+100,00009,872,0000.44%+9,872,000
UNITI GROUP LLC(UNIT)01,028,818+1,028,81809,650,3130.43%+9,650,313
PAN AMERN SILVER CORP(PAAS)155,980316,199+160,2198,081,32417,273,9510.77%+9,192,627
KINROSS GOLD CORP(KGC)0300,542+300,54209,172,5420.41%+9,172,542
KEYCORP(KEY)0456,944+456,94409,161,7270.41%+9,161,727
WINTRUST FINL CORP(WTFC)065,000+65,00009,031,1000.40%+9,031,100
H2O AMERICA(HTO)81,202220,941+139,7393,978,08612,962,6080.58%+8,984,522
FRANCO NEV CORP(FNV)035,702+35,70208,820,1790.39%+8,820,179
COREWEAVE INC(CRWV)0112,560+112,56008,720,0230.39%+8,720,023
AMRIZE LTD(AMRZ)131,457281,311+149,8547,109,19515,759,0420.70%+8,649,847
VALLEY NATL BANCORP(VLY)0700,000+700,00008,596,0000.38%+8,596,000
VERSANT MEDIA GROUP INC(VSNT)0230,000+230,00008,514,6000.38%+8,514,600
REVVITY INC(RVTY)096,830+96,83008,483,2760.38%+8,483,276
GILDAN ACTIVEWEAR INC(GIL)65,864224,406+158,5424,113,86512,488,1940.56%+8,374,329
JETBLUE AIRWAYS CORP(JBLU)01,850,000+1,850,00008,177,0000.36%+8,177,000
VALE S A0500,000+500,00007,955,0000.35%+7,955,000
APPLE INC(AAPL)33,46666,396+32,9309,098,06716,850,6410.75%+7,752,574
CENTERPOINT ENERGY INC(CNP)213,988369,592+155,6048,204,30015,951,5910.71%+7,747,291
CARLYLE GROUP INC(CG)0160,000+160,00007,742,4000.34%+7,742,400
SK TELECOM CO LTD(SKM)0264,247+264,24707,739,7950.34%+7,739,795
SERVICENOW INC(NOW)072,311+72,31107,560,1150.34%+7,560,115
ALLY FINL INC(ALLY)0189,968+189,96807,452,4450.33%+7,452,445
SHERWIN WILLIAMS CO(SHW)55,21477,858+22,64417,890,99224,957,3821.11%+7,066,390
CAPRI HOLDINGS LIMITED(Call)0400,000+400,00007,048,000+7,048,000
PARKER-HANNIFIN CORP(PH)13,70921,068+7,35912,049,66318,860,9160.84%+6,811,253
SNOWFLAKE INC(SNOW)044,205+44,20506,666,9980.30%+6,666,998
FREEPORT MCMORAN INC(FCX)206,938289,832+82,89410,510,38117,036,3250.76%+6,525,944
FIFTH THIRD BANCORP(FITB)0135,000+135,00006,272,1000.28%+6,272,100
ALAMOS GOLD INC0140,461+140,46106,240,6820.28%+6,240,682
TEXAS CAP BANCSHARES INC(TCBI)065,000+65,00006,167,2000.27%+6,167,200
BANNER CORP(BANR)0100,000+100,00006,068,0000.27%+6,068,000
APOLLO GLOBAL MGMT INC(APO)053,772+53,77205,991,2760.27%+5,991,276
BREAD FINANCIAL HOLDINGS INC080,000+80,00005,991,2000.27%+5,991,200
PNC FINL SVCS GROUP INC(PNC)028,753+28,75305,983,2120.27%+5,983,212
VISTA ENERGY S.A.B. DE C.V.(VIST)44,500105,222+60,7222,165,3707,941,1040.35%+5,775,734
PPG INDS INC(PPG)050,000+50,00005,344,0000.24%+5,344,000
INTUIT(INTU)011,877+11,87705,135,3770.23%+5,135,377
AGNICO EAGLE MINES LTD(AEM)025,000+25,00005,074,5000.23%+5,074,500
NEWMONT CORP(NEM)5,84851,963+46,115583,9235,624,9950.25%+5,041,072
HUBSPOT INC(HUBS)020,150+20,15004,918,6150.22%+4,918,615
ADVANCED MICRO DEVICES INC(AMD)023,700+23,70004,821,2910.21%+4,821,291
INTEL CORP(INTC)0108,000+108,00004,766,0400.21%+4,766,040
QUALCOMM INC(QCOM)036,900+36,90004,751,9820.21%+4,751,982
MICROSOFT CORP(MSFT)29,97651,809+21,83314,496,99319,178,1380.85%+4,681,145
ZSCALER INC(ZS)032,984+32,98404,627,3250.21%+4,627,325
NVIDIA CORPORATION(NVDA)026,400+26,40004,604,1600.20%+4,604,160
ATLASSIAN CORPORATION067,442+67,44204,602,9170.20%+4,602,917
OKTA INC(OKTA)056,431+56,43104,441,6840.20%+4,441,684
BANKUNITED INC(BKU)175,000270,000+95,0007,799,75012,193,2000.54%+4,393,450
AURA MINERALS INC(AUGO)052,666+52,66604,297,5460.19%+4,297,546
VARONIS SYS INC(VRNS)(Call)0200,000+200,00004,294,000+4,294,000
DATADOG INC(DDOG)034,603+34,60304,084,8840.18%+4,084,884
AMER SPORTS INC(AS)78,058210,953+132,8952,915,4666,944,5730.31%+4,029,107
UNITED AIRLS HLDGS INC(UAL)75,000132,400+57,4008,386,50012,190,0680.54%+3,803,568
COMMERCIAL METALS CO(CMC)060,000+60,00003,685,8000.16%+3,685,800
STEEL DYNAMICS INC(STLD)020,000+20,00003,600,0000.16%+3,600,000
CELANESE CORP DEL(CE)054,097+54,09703,557,9600.16%+3,557,960
PEABODY ENGR CORP(BTU)0105,101+105,10103,463,0780.15%+3,463,078
NUCOR CORP(NUE)020,000+20,00003,382,0000.15%+3,382,000
CROWDSTRIKE HLDGS INC(CRWD)08,279+8,27903,232,2040.14%+3,232,204
STIFEL FINL CORP(SF)48,000124,967+76,9676,010,5609,237,5610.41%+3,227,001
ZOOM COMMUNICATIONS INC(ZM)040,058+40,05803,220,2630.14%+3,220,263
SAILPOINT INC(SAIL)0240,664+240,66403,186,3910.14%+3,186,391
HUDBAY MINERALS INC(HBM)0150,000+150,00003,135,0000.14%+3,135,000
BLACK HILLS CORP86,219130,738+44,5195,985,3239,074,5250.40%+3,089,202
WARRIOR MET COAL INC(HCC)032,869+32,86903,061,7470.14%+3,061,747
ALPHABET INC(GOOG)010,420+10,42002,996,3750.13%+2,996,375
VISA INC(V)6,06916,327+10,2582,128,4594,934,6720.22%+2,806,213
PAYLOCITY HLDG CORP(PCTY)025,881+25,88102,796,1830.12%+2,796,183
IDACORP INC(IDA)90,74099,581+8,84111,484,05414,237,0960.63%+2,753,042
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