Fund HoldingsBTG Pactual Asset Management US LLC

Total Portfolio Value
$1.03B
Total Bought
$349.41M
Total Sold
$1.46B
Net Transaction
-$1.11B
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
ISHARES TR(Put)0800,000+800,000064,504+64,504
SELECT SECTOR SPDR TR
ST STR CARE ETF
0134,367+134,367020,9182.04%+20,918
EVERGY INC(EVRG)0178,628+178,628012,9491.26%+12,949
DTE ENERGY CO(DTB)092,354+92,354011,9121.16%+11,912
WEC ENERGY GROUP INC(WEC)0104,975+104,975011,0711.08%+11,071
BERKSHIRE HATHAWAY INC DEL046,805+46,805023,5272.29%+23,527
ISHARES INC
MSCI JAPAN ETF
0114,392+114,39209,0700.88%+9,070
TAIWAN SEMICONDUCTOR MFG LTD(TSM)27,39251,426+24,0347,65015,6281.52%+7,978
OGE ENERGY CORP(OGE)154,410340,268+185,8587,14514,5291.41%+7,385
XCEL ENERGY INC(XEL)83,462189,188+105,7266,73113,9731.36%+7,242
DOMINION ENERGY INC(D)0119,040+119,04006,9750.68%+6,975
ONE GAS INC(OGS)086,408+86,40806,6750.65%+6,675
BOEING CO(BA)(Call)028,300+28,30006,144+6,144
BOEING CO(BA)(Put)028,300+28,30006,144+6,144
INVESCO QQQ TR(Put)010,000+10,00006,143+6,143
ETFIS SER TR I
VIRTUS REAVES UT
075,963+75,96306,0450.59%+6,045
ELI LILLY & CO(LLY)6,0349,799+3,7654,60410,5311.03%+5,927
CENTERPOINT ENERGY INC(CNP)143,619297,658+154,0395,57211,4121.11%+5,840
EOG RES INC(EOG)050,438+50,43805,2960.52%+5,296
HARTFORD INSURANCE GROUP INC(HIG)032,886+32,88604,5320.44%+4,532
META PLATFORMS INC(META)(Call)06,700+6,70004,423+4,423
META PLATFORMS INC(META)(Put)06,700+6,70004,423+4,423
GENERAL MTRS CO(GM)(Call)051,200+51,20004,164+4,164
GENERAL MTRS CO(GM)(Put)051,200+51,20004,164+4,164
PG&E CORP(PCG)0253,152+253,15204,0680.40%+4,068
PUBLIC SVC ENTERPRISE GRP IN(PEG)049,942+49,94204,0100.39%+4,010
ANTERO MIDSTREAM CORP(AM)0211,628+211,62803,7650.37%+3,765
SUNOCOCORP LLC(SUNC)075,526+75,52603,7220.36%+3,722
AMERICAN ELEC PWR CO INC078,196+78,19609,0170.88%+9,017
AMAZON COM INC(AMZN)89,24399,865+10,62219,59523,0512.24%+3,456
CHEVRON CORP NEW(CVX)022,230+22,23003,3880.33%+3,388
VISA INC(V)25,22533,743+8,5188,61111,8341.15%+3,223
INVESCO QQQ TR(Call)05,000+5,00003,072+3,072
CANADIAN NAT RES LTD(CNQ)086,373+86,37302,9250.28%+2,925
ALPHABET INC(GOOG)90,30079,297-11,00321,99324,8832.42%+2,891
SPDR GOLD TR(GLD)(Call)06,800+6,80002,695+2,695
DHT HOLDINGS INC(DHT)0205,782+205,78202,5130.24%+2,513
CANADIAN IMPERIAL BANK OF CO(CM)026,446+26,44602,3960.23%+2,396
BANK NEW YORK MELLON CORP4,54822,230+17,6824962,5810.25%+2,085
BAYTEX ENERGY CORP(BTE)0633,954+633,95402,0510.20%+2,051
MILLICOM INTL CELLULAR S A
COM STK
078,787+78,78704,3680.43%+4,368
ALPHABET INC(GOOG)07,840+7,84002,4540.24%+2,454
VANECK ETF TRUST(Put)
SEMICONDUCTR ETF
05,000+5,00001,801+1,801
EXELON CORP(EXC)160,007206,408+46,4017,2028,9970.88%+1,795
ISHARES TR016,901+16,90101,7890.17%+1,789
MORGAN STANLEY ETF TRUST
EAT INC OPP ETF
034,980+34,98001,7630.17%+1,763
PINNACLE WEST CAP CORP(PNW)69,32289,414+20,0926,2157,9310.77%+1,716
TRANSALTA CORP(TAC)0186,980+186,98002,3650.23%+2,365
WARNER BROS DISCOVERY INC(WBD)(Call)050,000+50,00001,441+1,441
IHS HOLDING LIMITED
ORD SHS
464,505578,278+113,7733,1684,3140.42%+1,146
CITIZENS FINL GROUP INC(CFG)11,60329,958+18,3556171,7500.17%+1,133
GE VERNOVA INC(GEV)12,64113,523+8827,7738,8380.86%+1,065
MERCADOLIBRE INC(MELI)0500+50001,0070.10%+1,007
HCA HEALTHCARE INC(HCA)7,1407,426+2862,4673,4670.34%+1,000
HIGHWOODS PPTYS INC(HIW)30,16460,632+30,4689791,9680.19%+989
ISHARES INC018,176+18,17609960.10%+996
BROADCOM INC(AVGO)06,321+6,32102,1880.21%+2,188
PNC FINL SVCS GROUP INC(PNC)04,473+4,47309340.09%+934
CONSTELLATION ENERGY CORP(CEG)025,297+25,29708,9370.87%+8,937
SPDR SERIES TRUST
ST STR SP BIOT
07,282+7,28208880.09%+888
ISHARES INC027,049+27,04908590.08%+859
NU HLDGS LTD(NU)057,766+57,76609670.09%+967
VANGUARD MUN BD FDS78,70694,562+15,8563,8594,6360.45%+777
APPLOVIN CORP(APP)02,005+2,00501,3510.13%+1,351
APPLE INC(AAPL)4,1536,592+2,4391,0571,7920.17%+735
ISHARES TR07,555+7,55507150.07%+715
MASTERCARD INCORPORATED(MA)01,700+1,70009700.09%+970
PROGRESSIVE CORP(PGR)02,923+2,92306660.06%+666
UBER TECHNOLOGIES INC(UBER)012,716+12,71601,0390.10%+1,039
BOOKING HOLDINGS INC(BKNG)0110+11005890.06%+589
TJX COS INC NEW(TJX)03,724+3,72405720.06%+572
ISHARES BITCOIN TRUST ETF(IBIT)9,10519,040+9,9355921,1500.11%+558
INTEL CORP(INTC)014,803+14,80305460.05%+546
APPLOVIN CORP(APP)(Put)0800+8000539+539
ADVANCED MICRO DEVICES INC(AMD)02,416+2,41605170.05%+517
BANK AMERICA CORP09,294+9,29405110.05%+511
ISHARES INC011,991+11,99105290.05%+529
ISHARES GOLD TR(IAU)07,670+7,67004780.05%+478
ISHARES TR
BROAD USD HIGH
47,75760,725+12,9681,7582,2350.22%+477
VANGUARD WORLD FD
HEALTH CAR ETF
023,259+23,25905,7760.56%+5,776
SELECT SECTOR SPDR TR
ST STR FINL ETF
08,462+8,46204670.05%+467
J P MORGAN EXCHANGE TRADED F
MUNICIPAL ETF
31,05340,458+9,4051,5412,0080.20%+467
TAKE-TWO INTERACTIVE SOFTWAR(TTWO)01,800+1,80004610.04%+461
VANGUARD INDEX FDS43,83945,466+1,62712,26712,7231.24%+455
SPOTIFY TECHNOLOGY S A(SPOT)0750+75004360.04%+436
ROYALTY PHARMA PLC(RPRX)61,13166,694+5,5632,1572,5770.25%+420
PIMCO ETF TR
INTER MUN BD ACT
50,87757,651+6,7742,6132,9610.29%+348
LOEWS CORP(L)03,229+3,22903400.03%+340
COCA-COLA EUROPACIFIC PARTNE
SHS
03,697+3,69703350.03%+335
LOGITECH INTL S A
SHS
03,247+3,24703340.03%+334
REPUBLIC SVCS INC(RSG)01,561+1,56103310.03%+331
GILEAD SCIENCES INC(GILD)02,691+2,69103300.03%+330
BLACKROCK INC(BLK)0308+30803300.03%+330
ISHARES INC03,567+3,56705460.05%+546
SPDR GOLD TR(GLD)(Put)0800+8000317+317
BERKSHIRE HATHAWAY INC DEL(Call)0600+6000302+302
BERKSHIRE HATHAWAY INC DEL(Put)0600+6000302+302
MEDTRONIC PLC(MDT)03,027+3,02702910.03%+291
ASSURED GUARANTY LTD(AGO)03,212+3,21202890.03%+289
FEDERATED HERMES INC(FHI)05,490+5,49002860.03%+286
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