BTG Pactual Asset Management US LLC
Comparing Q4 2025 vs Q3 2025
Sorting applies to all holdings for this quarter on the server, then the page is sliced. Prior-quarter values come from the full prior-quarter filing.
Issuer ▲▼ | Shares | Value ($K) | ||||
|---|---|---|---|---|---|---|
Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | |
| ISHARES TR(Put) | 0 | 800,000 | +800,000 | 0 | 64,504,000 | +64,504,000 |
| SELECT SECTOR SPDR TR | 0 | 134,367 | +134,367 | 0 | 20,918,255 | +20,918,255 |
| EVERGY INC | 0 | 178,628 | +178,628 | 0 | 12,948,744 | +12,948,744 |
| DTE ENERGY CO | 0 | 92,354 | +92,354 | 0 | 11,911,819 | +11,911,819 |
| WEC ENERGY GROUP INC | 0 | 104,975 | +104,975 | 0 | 11,070,664 | +11,070,664 |
| BERKSHIRE HATHAWAY INC DEL | 29,622 | 46,805 | +17,183 | 14,389,479 | 23,526,533 | +9,137,054 |
| ISHARES INC | 0 | 114,392 | +114,392 | 0 | 9,070,142 | +9,070,142 |
| TAIWAN SEMICONDUCTOR MFG LTD | 27,392 | 51,426 | +24,034 | 7,650,312 | 15,627,847 | +7,977,535 |
| OGE ENERGY CORP | 154,410 | 340,268 | +185,858 | 7,144,551 | 14,529,444 | +7,384,893 |
| XCEL ENERGY INC | 83,462 | 189,188 | +105,726 | 6,731,210 | 13,973,426 | +7,242,216 |
| DOMINION ENERGY INC | 0 | 119,040 | +119,040 | 0 | 6,974,554 | +6,974,554 |
| ONE GAS INC | 0 | 86,408 | +86,408 | 0 | 6,675,018 | +6,675,018 |
| BOEING CO(Call) | 0 | 28,300 | +28,300 | 0 | 6,144,496 | +6,144,496 |
| BOEING CO(Put) | 0 | 28,300 | +28,300 | 0 | 6,144,496 | +6,144,496 |
| INVESCO QQQ TR(Put) | 0 | 10,000 | +10,000 | 0 | 6,143,100 | +6,143,100 |
| ETFIS SER TR I | 1,333 | 75,963 | +74,630 | 111,226 | 6,045,136 | +5,933,910 |
| ELI LILLY & CO | 6,034 | 9,799 | +3,765 | 4,603,942 | 10,530,789 | +5,926,847 |
| CENTERPOINT ENERGY INC | 143,619 | 297,658 | +154,039 | 5,572,417 | 11,412,208 | +5,839,791 |
| EOG RES INC | 0 | 50,438 | +50,438 | 0 | 5,296,494 | +5,296,494 |
| HARTFORD INSURANCE GROUP INC | 0 | 32,886 | +32,886 | 0 | 4,531,691 | +4,531,691 |
| META PLATFORMS INC(Call) | 0 | 6,700 | +6,700 | 0 | 4,422,603 | +4,422,603 |
| META PLATFORMS INC(Put) | 0 | 6,700 | +6,700 | 0 | 4,422,603 | +4,422,603 |
| GENERAL MTRS CO(Call) | 0 | 51,200 | +51,200 | 0 | 4,163,584 | +4,163,584 |
| GENERAL MTRS CO(Put) | 0 | 51,200 | +51,200 | 0 | 4,163,584 | +4,163,584 |
| PG&E CORP | 0 | 253,152 | +253,152 | 0 | 4,068,153 | +4,068,153 |
| PUBLIC SVC ENTERPRISE GRP IN | 0 | 49,942 | +49,942 | 0 | 4,010,343 | +4,010,343 |
| ANTERO MIDSTREAM CORP | 0 | 211,628 | +211,628 | 0 | 3,764,862 | +3,764,862 |
| SUNOCOCORP LLC | 0 | 75,526 | +75,526 | 0 | 3,721,921 | +3,721,921 |
| AMERICAN ELEC PWR CO INC | 49,334 | 78,196 | +28,862 | 5,550,075 | 9,016,781 | +3,466,706 |
| AMAZON COM INC | 89,243 | 99,865 | +10,622 | 19,595,086 | 23,050,839 | +3,455,753 |
| CHEVRON CORP NEW | 0 | 22,230 | +22,230 | 0 | 3,388,074 | +3,388,074 |
| VISA INC | 25,225 | 33,743 | +8,518 | 8,611,311 | 11,834,008 | +3,222,697 |
| INVESCO QQQ TR(Call) | 0 | 5,000 | +5,000 | 0 | 3,071,550 | +3,071,550 |
| CANADIAN NAT RES LTD | 0 | 86,373 | +86,373 | 0 | 2,924,674 | +2,924,674 |
| ALPHABET INC | 90,300 | 79,297 | -11,003 | 21,992,565 | 24,883,399 | +2,890,834 |
| SPDR GOLD TR(Call) | 0 | 6,800 | +6,800 | 0 | 2,694,908 | +2,694,908 |
| DHT HOLDINGS INC | 0 | 205,782 | +205,782 | 0 | 2,512,598 | +2,512,598 |
| CANADIAN IMPERIAL BANK OF CO | 0 | 26,446 | +26,446 | 0 | 2,396,272 | +2,396,272 |
| BANK NEW YORK MELLON CORP | 4,548 | 22,230 | +17,682 | 495,550 | 2,580,681 | +2,085,131 |
| BAYTEX ENERGY CORP | 0 | 633,954 | +633,954 | 0 | 2,050,791 | +2,050,791 |
| MILLICOM INTL CELLULAR S A | 63,937 | 78,787 | +14,850 | 2,395,719 | 4,367,951 | +1,972,232 |
| ALPHABET INC | 2,308 | 7,840 | +5,532 | 561,075 | 2,453,920 | +1,892,845 |
| VANECK ETF TRUST(Put) | 0 | 5,000 | +5,000 | 0 | 1,800,650 | +1,800,650 |
| EXELON CORP | 160,007 | 206,408 | +46,401 | 7,201,915 | 8,997,325 | +1,795,410 |
| ISHARES TR | 0 | 16,901 | +16,901 | 0 | 1,788,971 | +1,788,971 |
| MORGAN STANLEY ETF TRUST | 0 | 34,980 | +34,980 | 0 | 1,763,342 | +1,763,342 |
| PINNACLE WEST CAP CORP | 69,322 | 89,414 | +20,092 | 6,215,411 | 7,931,022 | +1,715,611 |
| TRANSALTA CORP | 51,478 | 186,980 | +135,502 | 703,010 | 2,364,970 | +1,661,960 |
| WARNER BROS DISCOVERY INC(Call) | 0 | 50,000 | +50,000 | 0 | 1,441,000 | +1,441,000 |
| IHS HOLDING LIMITED | 464,505 | 578,278 | +113,773 | 3,167,924 | 4,313,954 | +1,146,030 |
| CITIZENS FINL GROUP INC | 11,603 | 29,958 | +18,355 | 616,815 | 1,749,847 | +1,133,032 |
| GE VERNOVA INC | 12,641 | 13,523 | +882 | 7,772,951 | 8,838,227 | +1,065,276 |
| MERCADOLIBRE INC | 0 | 500 | +500 | 0 | 1,007,130 | +1,007,130 |
| HCA HEALTHCARE INC | 7,140 | 7,426 | +286 | 2,467,227 | 3,466,902 | +999,675 |
| HIGHWOODS PPTYS INC | 30,164 | 60,632 | +30,468 | 979,123 | 1,968,115 | +988,992 |
| ISHARES INC | 176 | 18,176 | +18,000 | 9,647 | 996,227 | +986,580 |
| BROADCOM INC | 3,723 | 6,321 | +2,598 | 1,228,255 | 2,187,698 | +959,443 |
| PNC FINL SVCS GROUP INC | 0 | 4,473 | +4,473 | 0 | 933,649 | +933,649 |
| CONSTELLATION ENERGY CORP | 24,457 | 25,297 | +840 | 8,048,065 | 8,936,671 | +888,606 |
| SPDR SERIES TRUST | 0 | 7,282 | +7,282 | 0 | 887,894 | +887,894 |
| ISHARES INC | 0 | 27,049 | +27,049 | 0 | 859,347 | +859,347 |
| NU HLDGS LTD | 11,455 | 57,766 | +46,311 | 183,395 | 967,003 | +783,608 |
| VANGUARD MUN BD FDS | 78,706 | 94,562 | +15,856 | 3,858,955 | 4,636,375 | +777,420 |
| APPLOVIN CORP | 835 | 2,005 | +1,170 | 599,981 | 1,351,009 | +751,028 |
| APPLE INC | 4,153 | 6,592 | +2,439 | 1,057,478 | 1,792,101 | +734,623 |
| ISHARES TR | 0 | 7,555 | +7,555 | 0 | 714,779 | +714,779 |
| MASTERCARD INCORPORATED | 535 | 1,700 | +1,165 | 304,313 | 970,496 | +666,183 |
| PROGRESSIVE CORP | 0 | 2,923 | +2,923 | 0 | 665,626 | +665,626 |
| UBER TECHNOLOGIES INC | 3,825 | 12,716 | +8,891 | 374,735 | 1,039,024 | +664,289 |
| BOOKING HOLDINGS INC | 0 | 110 | +110 | 0 | 589,086 | +589,086 |
| TJX COS INC NEW | 0 | 3,724 | +3,724 | 0 | 572,044 | +572,044 |
| ISHARES BITCOIN TRUST ETF | 9,105 | 19,040 | +9,935 | 591,825 | 1,150,016 | +558,191 |
| INTEL CORP | 0 | 14,803 | +14,803 | 0 | 546,231 | +546,231 |
| APPLOVIN CORP(Put) | 0 | 800 | +800 | 0 | 539,056 | +539,056 |
| ADVANCED MICRO DEVICES INC | 0 | 2,416 | +2,416 | 0 | 517,411 | +517,411 |
| BANK AMERICA CORP | 0 | 9,294 | +9,294 | 0 | 511,170 | +511,170 |
| ISHARES INC | 991 | 11,991 | +11,000 | 43,723 | 529,043 | +485,320 |
| ISHARES GOLD TR | 0 | 7,670 | +7,670 | 0 | 478,301 | +478,301 |
| ISHARES TR | 47,757 | 60,725 | +12,968 | 1,757,935 | 2,235,287 | +477,352 |
| VANGUARD WORLD FD | 21,361 | 23,259 | +1,898 | 5,304,791 | 5,776,140 | +471,349 |
| SELECT SECTOR SPDR TR | 0 | 8,462 | +8,462 | 0 | 466,933 | +466,933 |
| J P MORGAN EXCHANGE TRADED F | 31,053 | 40,458 | +9,405 | 1,541,471 | 2,008,335 | +466,864 |
| TAKE-TWO INTERACTIVE SOFTWAR | 0 | 1,800 | +1,800 | 0 | 460,854 | +460,854 |
| VANGUARD INDEX FDS | 43,839 | 45,466 | +1,627 | 12,267,467 | 12,722,751 | +455,284 |
| SPOTIFY TECHNOLOGY S A | 0 | 750 | +750 | 0 | 435,533 | +435,533 |
| ROYALTY PHARMA PLC | 61,131 | 66,694 | +5,563 | 2,156,702 | 2,577,056 | +420,354 |
| PIMCO ETF TR | 50,877 | 57,651 | +6,774 | 2,613,043 | 2,960,955 | +347,912 |
| LOEWS CORP | 0 | 3,229 | +3,229 | 0 | 340,046 | +340,046 |
| COCA-COLA EUROPACIFIC PARTNE | 0 | 3,697 | +3,697 | 0 | 335,318 | +335,318 |
| LOGITECH INTL S A | 0 | 3,247 | +3,247 | 0 | 333,628 | +333,628 |
| REPUBLIC SVCS INC | 0 | 1,561 | +1,561 | 0 | 330,823 | +330,823 |
| GILEAD SCIENCES INC | 0 | 2,691 | +2,691 | 0 | 330,293 | +330,293 |
| BLACKROCK INC | 0 | 308 | +308 | 0 | 329,665 | +329,665 |
| ISHARES INC | 1,470 | 3,567 | +2,097 | 225,175 | 546,393 | +321,218 |
| SPDR GOLD TR(Put) | 0 | 800 | +800 | 0 | 317,048 | +317,048 |
| BERKSHIRE HATHAWAY INC DEL(Call) | 0 | 600 | +600 | 0 | 301,590 | +301,590 |
| BERKSHIRE HATHAWAY INC DEL(Put) | 0 | 600 | +600 | 0 | 301,590 | +301,590 |
| MEDTRONIC PLC | 0 | 3,027 | +3,027 | 0 | 290,774 | +290,774 |
| ASSURED GUARANTY LTD | 0 | 3,212 | +3,212 | 0 | 288,662 | +288,662 |
| FEDERATED HERMES INC | 0 | 5,490 | +5,490 | 0 | 285,864 | +285,864 |