Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q2 2025 ▲▼ | Q3 2025 ▲▼ | Change ▲▼ | Q2 2025 ▲▼ | Q3 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| VALE SA SP ADR | 2,741,291 | 11,068,403 | +8,327,112 | 26,618 | 120,203 | 10.07% | +93,585 |
| ISHARES MSCI EMERGING MARKETS ETF | 120,000 | 1,480,000 | +1,360,000 | 5,789 | 79,032 | 6.62% | +73,243 |
| ISHARES MSCI BRAZIL ETF | 200,000 | 1,600,000 | +1,400,000 | 5,770 | 49,600 | 4.16% | +43,830 |
| LATAM AIRLINES GROUP-SP ADR(LTM) | 23,474 | 935,321 | +911,847 | 954 | 42,323 | 3.55% | +41,369 |
| PETROLEO BRASILEIRO ADR(PBR) | 4,990,500 | 7,916,982 | +2,926,482 | 62,431 | 100,229 | 8.40% | +37,798 |
| XP INC - CLASS A(XP) | 277,825 | 2,000,292 | +1,722,467 | 5,612 | 37,585 | 3.15% | +31,973 |
| AURA MINERALS INC(AUGO) | 0 | 805,922 | +805,922 | 0 | 29,988 | 2.51% | +29,988 |
| RIO TINTO PLC(RIO) | 278,840 | 646,866 | +368,026 | 16,265 | 42,700 | 3.58% | +26,435 |
| FIRST SOLAR INC(FSLR) | 0 | 116,250 | +116,250 | 0 | 25,637 | 2.15% | +25,637 |
| INTER & CO INC - CL A(INTR) | 0 | 2,050,930 | +2,050,930 | 0 | 18,930 | 1.59% | +18,930 |
| GE VERNOVA LLC(GEV) | 10,000 | 28,700 | +18,700 | 5,292 | 17,648 | 1.48% | +12,356 |
| BP PLC(BP) | 457,113 | 703,309 | +246,196 | 13,681 | 24,236 | 2.03% | +10,555 |
| NU HOLDINGS LTD/CAYMAN ISL-A(NU) | 0 | 654,165 | +654,165 | 0 | 10,473 | 0.88% | +10,473 |
| MICROSOFT CORPORATION(MSFT) | 0 | 20,000 | +20,000 | 0 | 10,359 | 0.87% | +10,359 |
| NVIDIA CORP(NVDA) | 47,000 | 88,996 | +41,996 | 7,426 | 16,605 | 1.39% | +9,179 |
| BANCO BRADESCO | 3,902,945 | 5,842,473 | +1,939,528 | 12,060 | 19,748 | 1.65% | +7,687 |
| VINCI COMPASS INVESTMENTS LTD COM CL A | 3,759,784 | 4,038,396 | +278,612 | 36,357 | 43,413 | 3.64% | +7,056 |
| ARCOS DORADOS HOLDINGS INC(ARCO) | 4,534,496 | 6,342,621 | +1,808,125 | 35,777 | 42,813 | 3.59% | +7,036 |
| BROADCOM INC(AVGO) | 0 | 21,000 | +21,000 | 0 | 6,928 | 0.58% | +6,928 |
| ITAU UNIBANCO HOLDING SA(ITUB) | 793,180 | 1,674,082 | +880,902 | 5,386 | 12,288 | 1.03% | +6,902 |
| SEA LTD-ADR(SE) | 0 | 38,000 | +38,000 | 0 | 6,792 | 0.57% | +6,792 |
| ALIBABA GROUP HOLDING LTD(BABA) | 500 | 33,500 | +33,000 | 57 | 5,987 | 0.50% | +5,931 |
| GERDAU SA(GGB) | 2,869,104 | 4,491,042 | +1,621,938 | 8,378 | 13,922 | 1.17% | +5,544 |
| FUTU HOLDINGS LTD-ADR(FUTU) | 0 | 31,000 | +31,000 | 0 | 5,391 | 0.45% | +5,391 |
| CREDO TECHNOLOGY GROUP HOLDI ORDINARY SHARES | 0 | 34,000 | +34,000 | 0 | 4,951 | 0.41% | +4,951 |
| COHERENT CORP(COHR) | 0 | 45,000 | +45,000 | 0 | 4,847 | 0.41% | +4,847 |
| SHARKNINJA INC(SN) | 47,000 | 90,670 | +43,670 | 4,653 | 9,353 | 0.78% | +4,700 |
| CORPAY INC(CPAY) | 6,100 | 19,960 | +13,860 | 2,024 | 5,750 | 0.48% | +3,726 |
| IREN LTD ORDINARY SHARES | 0 | 72,600 | +72,600 | 0 | 3,407 | 0.29% | +3,407 |
| CENTRUS ENERGY CORP(LEU) | 0 | 10,600 | +10,600 | 0 | 3,287 | 0.28% | +3,287 |
| ENERGY FUELS INC(UUUU) | 0 | 196,000 | +196,000 | 0 | 3,009 | 0.25% | +3,009 |
| AFYA LTD-CLASS A(AFYA) | 0 | 185,577 | +185,577 | 0 | 2,895 | 0.24% | +2,895 |
| INTL BUSINESS MACHINES CORP(IBM) | 0 | 10,000 | +10,000 | 0 | 2,822 | 0.24% | +2,822 |
| EQT CORP(EQT) | 0 | 50,000 | +50,000 | 0 | 2,722 | 0.23% | +2,722 |
| EMBRAER SA(EMBJ) | 198,609 | 231,172 | +32,563 | 11,303 | 13,974 | 1.17% | +2,672 |
| TAKE TWO(TTWO) | 0 | 10,000 | +10,000 | 0 | 2,584 | 0.22% | +2,584 |
| COMPHANIA DE BEBIDAS DAS AMERICAS AMBEV(ABEV) | 1,990,483 | 3,242,594 | +1,252,111 | 4,797 | 7,231 | 0.61% | +2,434 |
| WESTERN DIGITAL(WDC) | 0 | 20,000 | +20,000 | 0 | 2,401 | 0.20% | +2,401 |
| URANIUM ENERGY(UEC) | 75,000 | 215,000 | +140,000 | 510 | 2,868 | 0.24% | +2,358 |
| EVE HOLDING INC(EVEX) | 0 | 588,991 | +588,991 | 0 | 2,244 | 0.19% | +2,244 |
| ELI LILLY & CO(LLY) | 0 | 2,800 | +2,800 | 0 | 2,136 | 0.18% | +2,136 |
| HUT 8 MINING CORP(HUT) | 0 | 60,800 | +60,800 | 0 | 2,116 | 0.18% | +2,116 |
| ROCKET LAB CORP(RKLB) | 0 | 42,400 | +42,400 | 0 | 2,031 | 0.17% | +2,031 |
| JAMES HARDIE IND ORD SHS | 0 | 101,600 | +101,600 | 0 | 1,952 | 0.16% | +1,952 |
| LUXEXPERIENCE BV(LUXE) | 155,500 | 373,910 | +218,410 | 1,235 | 3,178 | 0.27% | +1,944 |
| CONOCOPHILLIPS COM STK(COP) | 0 | 20,000 | +20,000 | 0 | 1,892 | 0.16% | +1,892 |
| STATE STREET SPDR S&P OIL & GA SP O&G EXPL PRO | 0 | 14,000 | +14,000 | 0 | 1,851 | 0.16% | +1,851 |
| IONQ INC(IONQ) | 0 | 30,000 | +30,000 | 0 | 1,845 | 0.15% | +1,845 |
| GRINDR INC(GRND) | 42,100 | 177,300 | +135,200 | 956 | 2,663 | 0.22% | +1,707 |
| BLOOM ENERGY CORP- A | 0 | 20,000 | +20,000 | 0 | 1,691 | 0.14% | +1,691 |
| BLUE OWL CAPITAL INC(OBDC) | 249,300 | 381,360 | +132,060 | 4,789 | 6,456 | 0.54% | +1,667 |
| GENERAL MILLS(GIS) | 0 | 32,180 | +32,180 | 0 | 1,623 | 0.14% | +1,623 |
| RIOT PLATFORMS INC(RIOT) | 0 | 84,000 | +84,000 | 0 | 1,599 | 0.13% | +1,599 |
| TAIWAN SEMI ADR(TSM) | 0 | 5,600 | +5,600 | 0 | 1,564 | 0.13% | +1,564 |
| RIGETTI COMPUTING INC(RGTI) | 0 | 50,000 | +50,000 | 0 | 1,490 | 0.12% | +1,490 |
| PAGAYA TECHNOLOGIES LTD -A(PGY) | 0 | 50,000 | +50,000 | 0 | 1,485 | 0.12% | +1,485 |
| GINKGO BIOWORKS HOLDINGS INC(DNA) | 0 | 100,000 | +100,000 | 0 | 1,458 | 0.12% | +1,458 |
| NRG ENERGY INC(NRG) | 0 | 8,400 | +8,400 | 0 | 1,360 | 0.11% | +1,360 |
| CANTALOUPE INC | 164,000 | 298,600 | +134,600 | 1,802 | 3,156 | 0.26% | +1,354 |
| PAYPAL HOLDINGS INC(PYPL) | 0 | 20,000 | +20,000 | 0 | 1,341 | 0.11% | +1,341 |
| CATERPILLAR INC(CAT) | 0 | 2,800 | +2,800 | 0 | 1,336 | 0.11% | +1,336 |
| DELL TECHNOLOGIES -C(DELL) | 0 | 9,000 | +9,000 | 0 | 1,276 | 0.11% | +1,276 |
| NEBIUS GROUP NV(NBIS) | 0 | 11,200 | +11,200 | 0 | 1,257 | 0.11% | +1,257 |
| HONEYWELL INTERNATIONAL INC(HON) | 0 | 5,600 | +5,600 | 0 | 1,179 | 0.10% | +1,179 |
| QUANTUM COMPUTING INC(QUBT) | 0 | 64,000 | +64,000 | 0 | 1,178 | 0.10% | +1,178 |
| ARISTA NETWORKS(ANET) | 0 | 8,000 | +8,000 | 0 | 1,166 | 0.10% | +1,166 |
| BASIC SANITATION COMPANY OF THE STATE OF(SBS) | 186,068 | 210,516 | +24,448 | 4,088 | 5,240 | 0.44% | +1,152 |
| D-WAVE QUANTUM INC(QBTS) | 0 | 44,000 | +44,000 | 0 | 1,087 | 0.09% | +1,087 |
| UIPATH INC - CLASS A(PATH) | 0 | 80,000 | +80,000 | 0 | 1,070 | 0.09% | +1,070 |
| ASP ISOTOPES INC(ASPI) | 0 | 109,600 | +109,600 | 0 | 1,054 | 0.09% | +1,054 |
| ADVANCED MICRO DEVICES(AMD) | 0 | 6,500 | +6,500 | 0 | 1,052 | 0.09% | +1,052 |
| BWX TECHNOLOGIES INC(BWXT) | 0 | 5,500 | +5,500 | 0 | 1,014 | 0.08% | +1,014 |
| COREWEAVE INC(CRWV) | 0 | 7,000 | +7,000 | 0 | 958 | 0.08% | +958 |
| STONECO LTD-A(STNE) | 477,213 | 453,462 | -23,751 | 7,654 | 8,575 | 0.72% | +920 |
| MASTEC INC(MTZ) | 0 | 4,200 | +4,200 | 0 | 894 | 0.07% | +894 |
| JPMORGAN CHASE & CO(JPM) | 0 | 2,800 | +2,800 | 0 | 883 | 0.07% | +883 |
| MICRON TECHNOLOGY INC(MU) | 20,000 | 20,000 | 0 | 2,465 | 3,346 | 0.28% | +881 |
| SHELL PLC-ADR(SHEL) | 0 | 12,198 | +12,198 | 0 | 873 | 0.07% | +873 |
| BITMINE IMMERSION TECHNOLOGIES(BMNP) | 0 | 16,800 | +16,800 | 0 | 872 | 0.07% | +872 |
| CHEVRON CORP(CVX) | 0 | 5,600 | +5,600 | 0 | 870 | 0.07% | +870 |
| FIVE BELOW(FIVE) | 0 | 5,600 | +5,600 | 0 | 866 | 0.07% | +866 |
| BITDEER TECHNOLOGIES GROUP-A(BTDR) | 0 | 42,000 | +42,000 | 0 | 718 | 0.06% | +718 |
| PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG | 1,724,375 | 1,742,229 | +17,854 | 19,899 | 20,593 | 1.73% | +694 |
| INDIVIOR PLC | 0 | 28,000 | +28,000 | 0 | 675 | 0.06% | +675 |
| NETAPP INC(NTAP) | 0 | 5,600 | +5,600 | 0 | 663 | 0.06% | +663 |
| COMPNHIA ENRG(CIG) | 21,593 | 320,778 | +299,185 | 42 | 677 | 0.06% | +635 |
| JBS NV-A(JBS) | 0 | 39,281 | +39,281 | 0 | 586 | 0.05% | +586 |
| COPA HOLDINGS SA(CPA) | 434,244 | 406,642 | -27,602 | 47,754 | 48,317 | 4.05% | +563 |
| BED BATH & BEYOND INC(NXH) | 0 | 56,000 | +56,000 | 0 | 548 | 0.05% | +548 |
| DROPBOX INC-CLASS A(DBX) | 0 | 16,800 | +16,800 | 0 | 508 | 0.04% | +508 |
| SOLAREDGE TECHNOLOGIES INC(SEDG) | 0 | 8,000 | +8,000 | 0 | 296 | 0.02% | +296 |
| CANADIAN SOLAR INC(CSIQ) | 0 | 22,000 | +22,000 | 0 | 287 | 0.02% | +287 |
| SHOALS TECHNOLOGIES GROUP -A(SHLS) | 0 | 38,000 | +38,000 | 0 | 282 | 0.02% | +282 |
| NEXTRACKER INC-CL A | 0 | 3,700 | +3,700 | 0 | 274 | 0.02% | +274 |
| JINKOSOLAR HOLDING CO-ADR(JKS) | 0 | 10,500 | +10,500 | 0 | 252 | 0.02% | +252 |
| ARRAY TECHNOLOGIES INC(ARRY) | 0 | 27,000 | +27,000 | 0 | 220 | 0.02% | +220 |
| EIGHTCO HOLDINGS INC(ORBS) | 0 | 16,800 | +16,800 | 0 | 154 | 0.01% | +154 |
| CENTRAIS ELEC BRAS-ADR PREF | 45,939 | 50,366 | +4,427 | 380 | 522 | 0.04% | +142 |
| ISHARE CHINA LARGE CAP ETF | 25,370 | 25,370 | 0 | 933 | 1,044 | 0.09% | +111 |
| ULTRAPAR PARTICIPACOES(UGP) | 0 | 21,469 | +21,469 | 0 | 88 | 0.01% | +88 |