Fund Holdings

BW Gestao de Investimentos Ltda.

Filing Period:
Securities
SharesValue ($K)
Q2 2025
Q3 2025
Change
Q2 2025
Q3 2025
Weight (%)
Change
TESLA INC(TSLA)(Put)93,500480,000+386,50029,701,210213,465,600+183,764,390
ISHARES TR0155,000+155,0000103,741,5007.85%+103,741,500
UIPATH INC(PATH)1,092,1503,712,150+2,620,00013,979,52049,668,5673.76%+35,689,047
SELECT SECTOR SPDR TR(Put)0230,000+230,000032,009,100+32,009,100
ISHARES TR(Put)1,100,0001,100,0000237,369,000266,156,000+28,787,000
SPDR SERIES TRUST(Put)300,000600,000+300,00023,118,00051,708,000+28,590,000
ISHARES INC0832,800+832,800025,816,8001.95%+25,816,800
DICKS SPORTING GOODS INC(DKS)0104,428+104,428023,205,9901.76%+23,205,990
ALCOA CORP(AA)0690,000+690,000022,694,1001.72%+22,694,100
GLOBAL X FDS0359,999+359,999021,531,5401.63%+21,531,540
OWENS CORNING NEW(OC)0144,000+144,000020,370,2401.54%+20,370,240
VARONIS SYS INC(VRNS)0319,751+319,751018,376,0901.39%+18,376,090
EXPAND ENERGY CORPORATION(EXE)45,600212,249+166,6495,332,46422,549,3341.71%+17,216,870
ARK ETF TR(Put)1,000,0001,000,000070,290,00086,300,000+16,010,000
WIX COM LTD088,000+88,000015,631,4401.18%+15,631,440
KENVUE INC(KVUE)(Call)500,0001,600,000+1,100,00010,465,00025,968,000+15,503,000
TECK RESOURCES LTD(TECK)0323,600+323,600014,202,8041.08%+14,202,804
ISHARES TR(Put)200,000300,000+100,00018,634,00032,175,000+13,541,000
UIPATH INC(PATH)(Call)01,000,000+1,000,000013,380,000+13,380,000
KENVUE INC(KVUE)0820,760+820,760013,320,9351.01%+13,320,935
FTAI AVIATION LTD(FTAI)63,610121,347+57,7377,317,69420,247,9601.53%+12,930,266
EQT CORP(EQT)95,001333,013+238,0125,540,45818,125,8981.37%+12,585,440
SELECT SECTOR SPDR TR229,000301,000+72,00030,866,91041,890,1703.17%+11,023,260
HUT 8 CORP(HUT)(Call)0300,000+300,000010,443,000+10,443,000
TERADYNE INC(TER)072,895+72,895010,033,2680.76%+10,033,268
HUT 8 CORP(HUT)0280,000+280,00009,746,8000.74%+9,746,800
EVE HLDG INC02,462,421+2,462,42109,381,8240.71%+9,381,824
TENET HEALTHCARE CORP(THC)429,855417,995-11,86075,654,48084,869,7056.43%+9,215,225
CVS HEALTH CORP(CVS)210,000310,000+100,00014,485,80023,370,9001.77%+8,885,100
CAMECO CORP(CCJ)40,000135,000+95,0002,969,20011,321,1000.86%+8,351,900
ISHARES TR0200,000+200,00008,116,0000.61%+8,116,000
SHIFT4 PMTS INC(FOUR)421,927632,838+210,91141,817,18548,981,6613.71%+7,164,476
HEWLETT PACKARD ENTERPRISE C(HPE)114,000360,000+246,0002,331,3008,841,6000.67%+6,510,300
NEW GOLD INC CDA0880,000+880,00006,318,4000.48%+6,318,400
JEFFERIES FINL GROUP INC(JEF)76,000160,000+84,0004,156,44010,467,2000.79%+6,310,760
MONDAY COM LTD032,520+32,52006,298,7990.48%+6,298,799
BRINKER INTL INC(EAT)22,80080,000+57,2004,111,52410,134,4000.77%+6,022,876
RANGE RES CORP(RRC)0154,967+154,96705,832,9580.44%+5,832,958
ANTERO RESOURCES CORP(AR)0171,601+171,60105,758,9300.44%+5,758,930
LATAM AIRLINES GROUP SA(LTM)0120,000+120,00005,430,0000.41%+5,430,000
NISOURCE INC(NI)0120,000+120,00005,196,0000.39%+5,196,000
IAMGOLD CORP(IAG)0400,000+400,00005,172,0000.39%+5,172,000
ABERCROMBIE & FITCH CO060,000+60,00005,133,0000.39%+5,133,000
NU HLDGS LTD(NU)0300,000+300,00004,803,0000.36%+4,803,000
YPF SOCIEDAD ANONIMA(YPF)0191,000+191,00004,639,3900.35%+4,639,390
HOULIHAN LOKEY INC(HLI)30,40048,000+17,6005,470,4809,855,3600.75%+4,384,880
AURA MINERALS INC(AUGO)0111,729+111,72904,157,4360.31%+4,157,436
ISHARES INC040,000+40,00004,012,0000.30%+4,012,000
INTERNATIONAL FLAVORS&FRAGRA(IFF)128,225215,555+87,3309,430,94913,265,2551.00%+3,834,306
ALBEMARLE CORP(ALB)046,930+46,93003,805,0840.29%+3,805,084
STONECO LTD(STNE)0200,000+200,00003,782,0000.29%+3,782,000
EURONET WORLDWIDE INC(EEFT)042,744+42,74403,753,3510.28%+3,753,351
CAPRI HOLDINGS LIMITED1,228,2991,267,373+39,07421,740,89225,246,0701.91%+3,505,178
BARRICK MNG CORP(B)0100,000+100,00003,277,0000.25%+3,277,000
PG&E CORP(PCG)(Call)2,800,0002,800,000039,032,00042,224,000+3,192,000
ROBLOX CORP(RBLX)22,80040,000+17,2002,398,5605,540,8000.42%+3,142,240
FREEPORT-MCMORAN INC(FCX)38,000120,000+82,0001,647,3004,706,4000.36%+3,059,100
CENTURY ALUM CO(CENX)0100,000+100,00002,936,0000.22%+2,936,000
CURTISS WRIGHT CORP(CW)7,60012,000+4,4003,712,9806,515,2800.49%+2,802,300
AMER SPORTS INC(AS)080,000+80,00002,780,0000.21%+2,780,000
PLANET FITNESS INC(PLNT)85,061115,061+30,0009,275,90211,943,3320.90%+2,667,430
NUTANIX INC(NTNX)508,556556,654+48,09838,874,02141,409,4913.13%+2,535,470
AGNICO EAGLE MINES LTD(AEM)22,80030,000+7,2002,711,6045,056,8000.38%+2,345,196
VISA INC(V)05,786+5,78601,975,2250.15%+1,975,225
ARIS MNG CORP(ARIS)(Put)0200,000+200,00001,960,000+1,960,000
CARVANA CO(CVNA)3,8008,000+4,2001,280,4483,017,9200.23%+1,737,472
EOG RES INC(EOG)015,488+15,48801,736,5150.13%+1,736,515
EDISON INTL(EIX)(Call)468,000468,000024,148,80025,871,040+1,722,240
COTERRA ENERGY INC071,014+71,01401,679,4810.13%+1,679,481
TTM TECHNOLOGIES INC(TTMI)024,000+24,00001,382,4000.10%+1,382,400
BITDEER TECHNOLOGIES GROUP(BTDR)080,001+80,00101,367,2170.10%+1,367,217
URANIUM ENERGY CORP(UEC)(Put)0100,000+100,00001,334,000+1,334,000
ALIGHT INC(ALIT)4,991,0119,069,880+4,078,86928,249,12229,567,8092.24%+1,318,687
CANNAE HLDGS INC071,015+71,01501,300,2850.10%+1,300,285
CNX RES CORP(CNX)038,789+38,78901,245,9030.09%+1,245,903
SPDR SERIES TRUST(Put)300,000300,000017,817,00018,990,000+1,173,000
COMSTOCK RES INC(CRK)057,682+57,68201,143,8340.09%+1,143,834
JBS N.V.(JBS)602,000662,000+60,0008,795,2209,883,6600.75%+1,088,440
PENN ENTERTAINMENT INC(PENN)726,182726,182012,976,87213,986,2651.06%+1,009,393
OPENDOOR TECHNOLOGIES INC(OPEN)0123,400+123,4000983,4980.07%+983,498
TESLA INC(TSLA)01,890+1,8900840,5210.06%+840,521
GULFPORT ENERGY CORP(GPOR)04,311+4,3110780,2050.06%+780,205
TENABLE HLDGS INC(TENB)022,047+22,0470642,8910.05%+642,891
SIGMA LITHIUM CORPORATION(SGML)(Put)0100,000+100,0000641,000+641,000
GREENFIRE RES LTD NEW3,296,8233,271,730-25,09314,703,83115,115,3931.14%+411,562
APPLE INC(AAPL)7,9667,96601,634,3842,028,3830.15%+393,999
SIGMA LITHIUM CORPORATION(SGML)(Call)200,000145,200-54,800900,000930,732+30,732
COPART INC(CPRT)18,65518,6550915,401838,9150.06%-76,486
VISTA ENERGY S.A.B. DE C.V.(VIST)7,3320-7,332350,5430-350,543
GRUPO CIBEST SA7,6000-7,600351,0440-351,044
EMPRESA DIST Y COMERCIAL NOR(EDN)14,5580-14,558385,6410-385,641
TRANSOCEAN LTD(RIG)150,0000-150,000388,5000-388,500
MEDICAL PPTYS TRUST INC(MPT)120,0000-120,000517,2000-517,200
URANIUM ENERGY CORP(UEC)100,0000-100,000680,0000-680,000
LOWES COS INC(LOW)6,9653,215-3,7501,545,325807,9620.06%-737,363
ENI S P A(E)25,0000-25,000810,5000-810,500
ECOPETROL S A(EC)114,0000-114,0001,008,9000-1,008,900
EPAM SYS INC(EPAM)41,30041,30007,302,6666,227,6270.47%-1,075,039
E L F BEAUTY INC(ELF)34,20024,000-10,2004,255,8483,179,5200.24%-1,076,328
CLARIVATE PLC(CLVT)2,865,0212,865,021012,319,59010,973,0300.83%-1,346,560
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