Fund HoldingsBW Gestao de Investimentos Ltda.

Total Portfolio Value
$3.14B
Total Bought
$3.14B
Total Sold
$853.00M
Net Transaction
+$2.29B
Filing Period:
Securities
SharesValue ($K)
Q3 2023
Q4 2023
Change
Q3 2023
Q4 2023
Weight (%)
Change
ISHARES TR(Call)01,875,000+1,875,0000376,331+376,331
ISHARES TR(Put)01,500,000+1,500,0000301,065+301,065
INVESCO EXCHANGE TRADED FD T
S&P500 EQL WGT
01,463,710+1,463,7100230,9737.35%+230,973
SPDR S&P 500 ETF TR(SPY)(Put)0400,000+400,0000190,124+190,124
SPDR S&P 500 ETF TR(SPY)(Call)0350,000+350,0000166,359+166,359
ISHARES TR(Put)01,300,000+1,300,0000132,249+132,249
ALLY FINL INC(ALLY)(Put)02,400,000+2,400,000083,808+83,808
ISHARES TR(Call)02,000,000+2,000,000080,420+80,420
SELECT SECTOR SPDR TR
ST STR UTIL ETF
01,244,935+1,244,935078,8422.51%+78,842
CAPITAL ONE FINL CORP(COF)(Put)0600,000+600,000078,672+78,672
SELECT SECTOR SPDR TR(Put)
ST STR INDL ETF
0600,000+600,000068,394+68,394
ISHARES TR(Call)0600,000+600,000064,494+64,494
TESLA INC(TSLA)(Put)0250,000+250,000062,120+62,120
SPDR SER TR(Put)
ST STR SP REGBNK
01,100,000+1,100,000057,673+57,673
BLACKSTONE INC(BX)(Put)0400,000+400,000052,368+52,368
SELECT SECTOR SPDR TR(Call)
ST STR INDL ETF
0400,000+400,000045,596+45,596
INVESCO QQQ TR(Put)0100,000+100,000040,952+40,952
ISHARES TR(Put)0500,000+500,000038,695+38,695
TYSON FOODS INC(TSN)(Put)0700,000+700,000037,625+37,625
CROCS INC(CROX)(Call)0400,000+400,000037,364+37,364
CARMAX INC(KMX)(Put)0425,000+425,000032,615+32,615
NVIDIA CORPORATION(NVDA)(Put)065,000+65,000032,189+32,189
ARK ETF TR(Put)
INNOVATION ETF
0600,000+600,000031,422+31,422
ISHARES TR(Call)01,300,000+1,300,000031,239+31,239
ISHARES TR0395,600+395,600030,6150.97%+30,615
T-MOBILE US INC(TMUS)0187,663+187,663030,0880.96%+30,088
ORACLE CORP(ORCL)0281,531+281,531029,6820.94%+29,682
ISHARES TR089,380+89,380027,0970.86%+27,097
RB GLOBAL INC(RBA)0382,956+382,956025,6160.81%+25,616
TENET HEALTHCARE CORP(THC)0330,471+330,471024,9740.79%+24,974
CATERPILLAR INC(CAT)(Put)080,000+80,000023,654+23,654
UNITED RENTALS INC(URI)(Put)040,000+40,000022,937+22,937
BJS WHSL CLUB HLDGS INC(BJ)0337,339+337,339022,4870.72%+22,487
BANCO SANTANDER S.A.(SAN)(Put)05,359,000+5,359,000022,186+22,186
SELECT SECTOR SPDR TR
ST STR STAPL ETF
0298,885+298,885021,5290.68%+21,529
SCHWAB STRATEGIC TR0279,770+279,770021,2990.68%+21,299
SELECT SECTOR SPDR TR(Put)
ST STR CARE ETF
0150,000+150,000020,457+20,457
FIRST SOLAR INC(FSLR)0118,307+118,307020,3820.65%+20,382
COINBASE GLOBAL INC(COIN)(Put)0110,000+110,000019,131+19,131
PHILIP MORRIS INTL INC(PM)0200,000+200,000018,8160.60%+18,816
VANECK ETF TRUST(Put)
SEMICONDUCTR ETF
0100,000+100,000017,487+17,487
AFFIRM HLDGS INC(AFRM)(Put)0350,000+350,000017,199+17,199
MICRON TECHNOLOGY INC(MU)(Put)0200,000+200,000017,068+17,068
NIKE INC(NKE)(Put)0150,000+150,000016,286+16,286
T-MOBILE US INC(TMUS)(Call)0100,000+100,000016,033+16,033
KRANESHARES TR0570,000+570,000015,3900.49%+15,390
ISHARES TR0634,706+634,706015,2520.49%+15,252
SHERWIN WILLIAMS CO(SHW)046,412+46,412014,4760.46%+14,476
AES CORP(AES)0720,000+720,000013,8600.44%+13,860
KENVUE INC(KVUE)0625,000+625,000013,4560.43%+13,456
ISHARES TR051,820+51,820013,0700.42%+13,070
KENVUE INC(KVUE)(Call)0600,000+600,000012,918+12,918
LAMB WESTON HLDGS INC(LW)0105,000+105,000011,3490.36%+11,349
ARDAGH METAL PACKAGING S A
SHS
02,783,639+2,783,639010,6890.34%+10,689
WASTE CONNECTIONS INC(WCN)070,052+70,052010,4570.33%+10,457
BLOOMIN BRANDS INC0364,219+364,219010,2530.33%+10,253
AMERICAN TOWER CORP NEW(AMT)045,000+45,00009,7150.31%+9,715
MICROSOFT CORP(MSFT)024,633+24,63309,2630.29%+9,263
BLACKSTONE INC(BX)069,190+69,19009,0580.29%+9,058
LOWES COS INC(LOW)039,385+39,38508,7650.28%+8,765
INVESCO EXCH TRADED FD TR II(Call)
SOLAR ETF
0150,000+150,00008,003+8,003
CROCS INC(CROX)085,000+85,00007,9400.25%+7,940
SELECT SECTOR SPDR TR
ST STR DISCR ETF
042,625+42,62507,6220.24%+7,622
CROWN CASTLE INC(CCI)063,878+63,87807,3580.23%+7,358
FORD MTR CO DEL(F)(Put)0600,000+600,00007,314+7,314
SUZANO S A(SUZ)0618,493+618,49307,0260.22%+7,026
NUTANIX INC(NTNX)0144,319+144,31906,8830.22%+6,883
LINDE PLC(LIN)015,500+15,50006,3660.20%+6,366
ECOLAB INC(ECL)031,615+31,61506,2710.20%+6,271
STONECO LTD(STNE)0339,558+339,55806,1220.19%+6,122
GFL ENVIRONMENTAL INC(GFL)0151,300+151,30005,2210.17%+5,221
COINBASE GLOBAL INC(COIN)030,000+30,00005,2180.17%+5,218
FORTIVE CORP(FTV)070,000+70,00005,1540.16%+5,154
SPDR SER TR
ST STR SP RETAIL
069,465+69,46505,0240.16%+5,024
ROYAL GOLD INC(RGLD)040,000+40,00004,8380.15%+4,838
VALE S A0300,000+300,00004,7580.15%+4,758
CANADIAN PACIFIC KANSAS CITY(CP)055,000+55,00004,3480.14%+4,348
AMAZON COM INC(AMZN)025,709+25,70903,9060.12%+3,906
WEYERHAEUSER CO MTN BE(WY)0105,000+105,00003,6510.12%+3,651
SOCIEDAD QUIMICA Y MINERA DE(SQM)060,000+60,00003,6130.11%+3,613
PAGSEGURO DIGITAL LTD(PAGS)0280,195+280,19503,4940.11%+3,494
TECK RESOURCES LTD(TECK)075,000+75,00003,1700.10%+3,170
DISH NETWORK CORPORATION00002,9810.09%+2,981
ALPHABET INC(GOOG)020,343+20,34302,8420.09%+2,842
AGNICO EAGLE MINES LTD(AEM)050,000+50,00002,7430.09%+2,743
ARCOS DORADOS HOLDINGS INC(ARCO)0200,000+200,00002,5380.08%+2,538
CI&T INC0395,000+395,00002,0780.07%+2,078
APPLE INC(AAPL)010,596+10,59602,0400.06%+2,040
MANCHESTER UTD PLC NEW(Call)
ORD CL A
0100,000+100,00002,038+2,038
WHEATON PRECIOUS METALS CORP(WPM)040,000+40,00001,9740.06%+1,974
VANGUARD INDEX FDS06,010+6,01001,8680.06%+1,868
NIKE INC(NKE)012,973+12,97301,4080.04%+1,408
IVANHOE ELECTRIC INC(IE)0118,900+118,90001,1990.04%+1,199
BIRKENSTOCK HOLDING PLC(BIRK)020,700+20,70001,0090.03%+1,009
NU HLDGS LTD(NU)0100,000+100,00008330.03%+833
BX 55 STRIKE AMER PUT 01/19/2024(BX)(Put)000000
KMX 50 STRIKE AMER PUT 01/19/2024(KMX)(Put)000000
SAN 2.5 STRIKE AMER PUT 01/19/2024(SAN)(Put)3,5900-3,590180-18
KMX 60 STRIKE AMER PUT 10/20/2023(KMX)(Put)1,5000-1,500190-19
ITB 76 STRIKE AMER PUT 11/17/2023(Put)2370-237510-51
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