Fund Holdings

SPX Gestao de Recursos Ltda

Filing Period:
Securities
SharesValue ($K)
Q2 2025
Q3 2025
Change
Q2 2025
Q3 2025
Weight (%)
Change
VALE SA SP ADR2,741,29111,068,403+8,327,11226,617,936120,202,85710.07%+93,584,921
ISHARES MSCI EMERGING MARKETS ETF120,0001,480,000+1,360,0005,788,80079,032,0006.62%+73,243,200
ISHARES MSCI BRAZIL ETF200,0001,600,000+1,400,0005,770,00049,600,0004.16%+43,830,000
LATAM AIRLINES GROUP-SP ADR(LTM)23,474935,321+911,847953,98342,323,2753.55%+41,369,292
PETROLEO BRASILEIRO ADR(PBR)4,990,5007,916,982+2,926,48262,431,155100,228,9928.40%+37,797,837
XP INC - CLASS A(XP)277,8252,000,292+1,722,4675,612,06537,585,4873.15%+31,973,422
AURA MINERALS INC(AUGO)0805,922+805,922029,988,3582.51%+29,988,358
RIO TINTO PLC(RIO)278,840646,866+368,02616,264,73742,699,6253.58%+26,434,888
FIRST SOLAR INC(FSLR)0116,250+116,250025,636,6132.15%+25,636,613
INTER & CO INC - CL A(INTR)02,050,930+2,050,930018,930,0841.59%+18,930,084
GE VERNOVA LLC(GEV)10,00028,700+18,7005,291,50017,647,6301.48%+12,356,130
BP PLC(BP)457,113703,309+246,19613,681,39224,236,0282.03%+10,554,636
NU HOLDINGS LTD/CAYMAN ISL-A(NU)0654,165+654,165010,473,1820.88%+10,473,182
MICROSOFT CORPORATION(MSFT)020,000+20,000010,359,0000.87%+10,359,000
NVIDIA CORP(NVDA)47,00088,996+41,9967,425,53016,604,8741.39%+9,179,344
BANCO BRADESCO3,902,9455,842,473+1,939,52812,060,10019,747,5591.65%+7,687,459
VINCI COMPASS INVESTMENTS LTD3,759,7844,038,396+278,61236,357,11143,412,7573.64%+7,055,646
ARCOS DORADOS HOLDINGS INC(ARCO)4,534,4966,342,621+1,808,12535,777,17342,812,6923.59%+7,035,519
BROADCOM INC(AVGO)021,000+21,00006,928,1100.58%+6,928,110
ITAU UNIBANCO HOLDING SA(ITUB)793,1801,674,082+880,9025,385,69212,287,7621.03%+6,902,070
SEA LTD-ADR(SE)038,000+38,00006,791,7400.57%+6,791,740
ALIBABA GROUP HOLDING LTD(BABA)50033,500+33,00056,7055,987,4550.50%+5,930,750
GERDAU SA(GGB)2,869,1044,491,042+1,621,9388,377,78413,922,2301.17%+5,544,446
FUTU HOLDINGS LTD-ADR(FUTU)031,000+31,00005,391,2100.45%+5,391,210
CREDO TECHNOLOGY GROUP HOLDI034,000+34,00004,950,7400.41%+4,950,740
COHERENT CORP(COHR)045,000+45,00004,847,4000.41%+4,847,400
SHARKNINJA INC(SN)47,00090,670+43,6704,652,5309,352,6110.78%+4,700,081
CORPAY INC(CPAY)6,10019,960+13,8602,024,1025,749,6780.48%+3,725,576
IREN LTD072,600+72,60003,407,1180.29%+3,407,118
CENTRUS ENERGY CORP(LEU)010,600+10,60003,286,7420.28%+3,286,742
ENERGY FUELS INC(UUUU)0196,000+196,00003,008,6000.25%+3,008,600
AFYA LTD-CLASS A(AFYA)0185,577+185,57702,895,0010.24%+2,895,001
INTL BUSINESS MACHINES CORP(IBM)010,000+10,00002,821,6000.24%+2,821,600
CALL- TLT 100 @ 93 EXP 12/19/2025(Call)031,765+31,76502,731,790+2,731,790
EQT CORP(EQT)050,000+50,00002,721,5000.23%+2,721,500
EMBRAER SA(EMBJ)198,609231,172+32,56311,302,83813,974,3471.17%+2,671,509
TAKE TWO(TTWO)010,000+10,00002,583,6000.22%+2,583,600
COMPHANIA DE BEBIDAS DAS AMERICAS AMBEV(ABEV)1,990,4833,242,594+1,252,1114,797,0647,230,9850.61%+2,433,921
WESTERN DIGITAL(WDC)020,000+20,00002,401,2000.20%+2,401,200
URANIUM ENERGY(UEC)75,000215,000+140,000510,0002,868,1000.24%+2,358,100
EVE HOLDING INC0588,991+588,99102,244,0560.19%+2,244,056
ELI LILLY & CO(LLY)02,800+2,80002,136,4000.18%+2,136,400
HUT 8 MINING CORP(HUT)060,800+60,80002,116,4480.18%+2,116,448
ROCKET LAB CORP(RKLB)042,400+42,40002,031,3840.17%+2,031,384
JAMES HARDIE IND0101,600+101,60001,951,7360.16%+1,951,736
LUXEXPERIENCE BV(LUXE)155,500373,910+218,4101,234,6703,178,2350.27%+1,943,565
CONOCOPHILLIPS COM STK(COP)020,000+20,00001,891,8000.16%+1,891,800
STATE STREET SPDR S&P OIL & GA014,000+14,00001,850,8000.16%+1,850,800
IONQ INC(IONQ)030,000+30,00001,845,0000.15%+1,845,000
GRINDR INC(GRND)42,100177,300+135,200955,6702,663,0460.22%+1,707,376
BLOOM ENERGY CORP- A020,000+20,00001,691,4000.14%+1,691,400
BLUE OWL CAPITAL INC(OBDC)249,300381,360+132,0604,789,0536,456,4250.54%+1,667,372
GENERAL MILLS(GIS)032,180+32,18001,622,5160.14%+1,622,516
RIOT PLATFORMS INC(RIOT)084,000+84,00001,598,5200.13%+1,598,520
TAIWAN SEMI ADR(TSM)05,600+5,60001,564,0240.13%+1,564,024
CALL- EEM 100 @ 54 EXP 10/17/2025(Call)032,000+32,00001,552,000+1,552,000
RIGETTI COMPUTING INC(RGTI)050,000+50,00001,489,5000.12%+1,489,500
PAGAYA TECHNOLOGIES LTD -A(PGY)050,000+50,00001,484,5000.12%+1,484,500
GINKGO BIOWORKS HOLDINGS INC0100,000+100,00001,458,0000.12%+1,458,000
NRG ENERGY INC(NRG)08,400+8,40001,360,3800.11%+1,360,380
CANTALOUPE INC164,000298,600+134,6001,802,3603,156,2020.26%+1,353,842
PAYPAL HOLDINGS INC(PYPL)020,000+20,00001,341,2000.11%+1,341,200
CATERPILLAR INC(CAT)02,800+2,80001,336,0200.11%+1,336,020
DELL TECHNOLOGIES -C(DELL)09,000+9,00001,275,9300.11%+1,275,930
NEBIUS GROUP NV(NBIS)011,200+11,20001,257,4240.11%+1,257,424
HONEYWELL INTERNATIONAL INC(HON)05,600+5,60001,178,8000.10%+1,178,800
QUANTUM COMPUTING INC(QUBT)064,000+64,00001,178,2400.10%+1,178,240
ARISTA NETWORKS(ANET)08,000+8,00001,165,6800.10%+1,165,680
BASIC SANITATION COMPANY OF THE STATE OF(SBS)186,068210,516+24,4484,087,9145,239,7430.44%+1,151,829
D-WAVE QUANTUM INC(QBTS)044,000+44,00001,087,2400.09%+1,087,240
UIPATH INC - CLASS A(PATH)080,000+80,00001,070,4000.09%+1,070,400
ASP ISOTOPES INC0109,600+109,60001,054,3520.09%+1,054,352
ADVANCED MICRO DEVICES(AMD)06,500+6,50001,051,6350.09%+1,051,635
BWX TECHNOLOGIES INC(BWXT)05,500+5,50001,014,0350.08%+1,014,035
PUT - SPY 100 @ 663 EXP 10/10/2025(Put)02,716+2,7160964,180+964,180
COREWEAVE INC(CRWV)07,000+7,0000957,9500.08%+957,950
CALL- MRVL 100 @ 81 EXP 10/17/2025(Call)01,700+1,7000933,300+933,300
STONECO LTD-A(STNE)477,213453,462-23,7517,654,4978,574,9660.72%+920,469
MASTEC INC(MTZ)04,200+4,2000893,8020.07%+893,802
JPMORGAN CHASE & CO(JPM)02,800+2,8000883,2040.07%+883,204
MICRON TECHNOLOGY INC(MU)20,00020,00002,465,0003,346,4000.28%+881,400
SHELL PLC-ADR(SHEL)012,198+12,1980872,5230.07%+872,523
BITMINE IMMERSION TECHNOLOGIES(BMNP)016,800+16,8000872,4240.07%+872,424
CHEVRON CORP(CVX)05,600+5,6000869,6240.07%+869,624
FIVE BELOW(FIVE)05,600+5,6000866,3200.07%+866,320
BITDEER TECHNOLOGIES GROUP-A(BTDR)042,000+42,0000717,7800.06%+717,780
PETROLEO BRASILEIRO SA PETRO1,724,3751,742,229+17,85419,899,28820,593,1471.73%+693,859
INDIVIOR PLC028,000+28,0000675,0800.06%+675,080
NETAPP INC(NTAP)05,600+5,6000663,3760.06%+663,376
COMPNHIA ENRG(CIG)21,593320,778+299,18542,322676,8420.06%+634,520
CALL- MU 100 @ 180 EXP 12/19/2025(Call)0500+5000590,000+590,000
JBS NV-A(JBS)039,281+39,2810586,4650.05%+586,465
COPA HOLDINGS SA(CPA)434,244406,642-27,60247,753,81348,317,2024.05%+563,389
BED BATH & BEYOND INC056,000+56,0000548,2400.05%+548,240
DROPBOX INC-CLASS A(DBX)016,800+16,8000507,5280.04%+507,528
CALL- KWEB 100 @ 44 EXP 10/17/2025(Call)010,000+10,0000460,000+460,000
CALL- UBER 100 @ 110 EXP 11/21/2025(Call)02,000+2,0000438,000+438,000
PUT - QQQ 100 @ 585 EXP 10/17/2025(Put)01,100+1,1000411,400+411,400
CALL- GDXJ 100 @ 100 EXP 11/21/2025(Call)0600+6000376,500+376,500
SOLAREDGE TECHNOLOGIES INC(SEDG)08,000+8,0000296,0000.02%+296,000
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