Fund HoldingsSPX Gestao de Recursos Ltda

Total Portfolio Value
$978.95M
Total Bought
$430.26M
Total Sold
$672.53M
Net Transaction
-$242.28M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
KRANESHARES CSI CHINA02,075,400+2,075,400070,6677.22%+70,667
STONECO LTD-A(STNE)453,4625,236,620+4,783,1588,57577,4507.91%+68,875
STATE STREET SPDR S&P 500 ETF(SPY)081,424+81,424055,5255.67%+55,525
XP INC - CLASS A(XP)2,000,2924,195,379+2,195,08737,58568,6787.02%+31,093
FIRST SOLAR INC(FSLR)116,250204,250+88,00025,63753,3565.45%+27,720
TRANSPORT GAS SUR B ADR(TGS)01,206,803+1,206,803037,5203.83%+37,520
CREDICORP(BAP)0199,083+199,083057,1375.84%+57,137
MICRON TECHNOLOGY INC(MU)20,00090,000+70,0003,34625,6872.62%+22,341
ALIBABA GROUP HOLDING LTD(BABA)33,500150,000+116,5005,98721,9872.25%+16,000
AURA MINERALS INC(AUGO)805,922877,211+71,28929,98844,2254.52%+14,236
ARCOS DORADOS HOLDINGS INC(ARCO)6,342,6217,551,676+1,209,05542,81355,4295.66%+12,617
EVE HOLDING INC(EVEX)588,9912,845,692+2,256,7012,24411,3541.16%+9,110
VINCI COMPASS INVESTMENTS LTD
COM CL A
4,038,3964,000,725-37,67143,41352,1695.33%+8,757
GLOBANT SA
COM
0133,160+133,16008,7050.89%+8,705
CIA PARANAENSE DE ENER-ADR(ELPC)0918,127+918,12708,7310.89%+8,731
AXIA ENERGIA-ADR PREF C
SPON ADS PF CL C
0680,091+680,09105,8620.60%+5,862
GERDAU SA(GGB)4,491,0424,894,496+403,45413,92218,0611.84%+4,138
CANTOR EQUITY PARTNERS-CL A
CL A ORD SHS
0305,000+305,00003,4340.35%+3,434
BASIC SANITATION COMPANY OF THE STATE OF(SBS)210,516348,052+137,5365,2408,3010.85%+3,061
CORPAY INC(CPAY)19,96029,260+9,3005,7508,8050.90%+3,056
GRINDR INC(GRND)177,300401,800+224,5002,6635,4400.56%+2,777
JBS NV-A(JBS)39,281208,100+168,8195863,0010.31%+2,414
SHARKNINJA INC(SN)90,670104,170+13,5009,35311,6571.19%+2,304
ULTRAPAR PARTICIPACOES(UGP)0582,585+582,58502,1960.22%+2,196
CORE SCIENTIFIC INC(CORZ)0104,800+104,80001,5260.16%+1,526
LUXEXPERIENCE BV(LUXE)373,910523,410+149,5003,1784,3700.45%+1,192
PAGAYA TECHNOLOGIES LTD -A(PGY)50,000120,300+70,3001,4852,5140.26%+1,030
BLUE OWL CAPITAL INC(OBDC)381,360489,660+108,3006,4567,3160.75%+859
PUT - GLD 100 @ 365 EXP 03/20/2026(Put)02,183+2,1830848+848
PUT - QQQ 100 @ 590 EXP 01/16/2026(Put)02,500+2,5000560+560
CALL- META 100 @ 650 EXP 03/20/2026(Call)0100+1000481+481
BANCO SANTANDER(BSBR)054,694+54,69403340.03%+334
AXIA ENERGIA
SPON ADS PFD B1
033,986+33,98603180.03%+318
NAYAX LTD(NYAX)023,958+23,95801,2120.12%+1,212
ENEL CHILE S.A.(ENIC)070,089+70,08902820.03%+282
AMAZON.COM INC(AMZN)032,460+32,46007,4920.77%+7,492
STATE STREET SPDR S&P OIL & GA
SP O&G EXPL PRO
14,00015,000+1,0001,8511,8940.19%+43
CALL- CRWV 100 @ 150 EXP 06/18/2026(Call)0100+100034+34
COMPNHIA ENRG(CIG)320,778354,805+34,0276777100.07%+33
TRANSDIGM GROUP INC(TDG)01,400+1,40001,8620.19%+1,862
CANTALOUPE INC298,600298,60003,1563,1710.32%+15
ALPHABET INC CLASS A COMMON STOCK(GOOG)044+440140.00%+14
COMPANHIA SIDERURGICA NACIONAL(SID)03,107+3,107050.00%+5
CALL- SNAP 100 @ 10 EXP 01/16/2026(Call)02,000+2,00003+3
COMPNHIA ENRG C0565+565010.00%+1
CALL- EVEX 100 @ 5 EXP 01/16/2026(Call)04+4000
TELEFONICA BRASIL SA-ADR(VIV)000000
BANCO BRADESCO000000
BHP BILLITON LTD -SPON ADR000000
CALL- AMD 100 @ 190 EXP 10/17/2025(Call)000000
CALL- AMD 100 @ 180 EXP 10/17/2025(Call)000000
CALL- VST 100 @ 212.5 EXP 10/03/2025(Call)000000
CALL- NVDA 100 @ 185 EXP 10/17/2025(Call)000000
PAMPA ENERGIA SA(PAM)000000
WALDENCAST ACQ CL A -CW27000000
AMBIPAR EMERGENCY RESPONSE000000
VASTA PLATFORM LTD000000
PUT - INTC 100 @ 27 EXP 10/17/2025(Put)000000
CALL- XHB 100 @ 130 EXP 11/21/2025(Call)000000
PUT - HYG 100 @ 80.5 EXP 10/17/2025(Put)000000
PUT - XLU 100 @ 83.5 EXP 10/17/2025(Put)000000
PUT - SPY 100 @ 620 EXP 10/17/2025(Put)000000
CALL- AMZN 100 @ 250 EXP 10/17/2025(Call)000000
CALL- META 100 @ 800 EXP 10/17/2025(Call)000000
PUT - QQQ 100 @ 565 EXP 10/17/2025(Put)000000
CALL- IWM 100 @ 242 EXP 10/03/2025(Call)000000
PUT - QQQ 100 @ 570 EXP 10/17/2025(Put)000000
CALL- META 100 @ 780 EXP 10/17/2025(Call)000000
BRAZIL POTASH CORP074,572+74,57201410.01%+141
AMBIPAR EMERGENCY RESPONS-28000000
CALL- HUT 100 @ 45 EXP 12/19/2025(Call)000000
ISHARE CHINA LARGE CAP ETF025,370+25,37009710.10%+971
ADVANCED MICRO DEVICES(AMD)6,5004,500-2,0001,0529640.10%-88
CALL- CROX 100 @ 90 EXP 10/24/2025(Call)000000
CALL- FSLR 100 @ 250 EXP 11/21/2025(Call)000000
CALL- NVDA 100 @ 180 EXP 10/17/2025(Call)000000
CALL- EEM 100 @ 54 EXP 11/21/2025(Call)000000
CALL- DDOG 100 @ 150 EXP 10/17/2025(Call)000000
CALL- FSLR 100 @ 240 EXP 11/21/2025(Call)000000
EIGHTCO HOLDINGS INC000000
AFYA LTD-CLASS A(AFYA)185,577176,892-8,6852,8952,7260.28%-169
ARRAY TECHNOLOGIES INC000000
JINKOSOLAR HOLDING CO-ADR(JKS)000000
PUT - TLT 100 @ 89 EXP 12/19/2025(Put)000000
SUNRUN INC(RUN)000000
SUZANO SA(SUZ)0115,964+115,96401,0830.11%+1,083
NEXTRACKER INC-CL A000000
SHOALS TECHNOLOGIES GROUP -A(SHLS)000000
CANADIAN SOLAR INC(CSIQ)000000
CALL- FXI 100 @ 43 EXP 11/21/2025(Call)000000
SOLAREDGE TECHNOLOGIES INC(SEDG)8,0000-8,0002960-296
CALL- GDXJ 100 @ 100 EXP 11/21/2025(Call)6000-6003770-376
PUT - QQQ 100 @ 585 EXP 10/17/2025(Put)1,1000-1,1004110-411
CALL- UBER 100 @ 110 EXP 11/21/2025(Call)2,0000-2,0004380-438
CALL- KWEB 100 @ 44 EXP 10/17/2025(Call)10,0000-10,0004600-460
DROPBOX INC-CLASS A(DBX)16,8000-16,8005080-508
CENTRAIS ELEC BRAS-ADR PREF000000
BED BATH & BEYOND INC56,0000-56,0005480-548
CALL- MU 100 @ 180 EXP 12/19/2025(Call)5000-5005900-590
NETAPP INC(NTAP)5,6000-5,6006630-663
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