Banco BTG Pactual S.A.

Q3 2025 13F-HR Holdings

Location
Rio De Janeiro, D5
Holdings as of
9/30/2025
Date filed
11/13/2025
Form type
13F-HR
Num holdings
155
Total value ($000)
$684,942
Net value change ($000)
+193,424 (39.4%)
New positions
71
Sold out positions
72
Turnover %
54.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/12/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
JBS 143,175 NEW
MSFT 19,321 97.3%
META 9,391 27.5%
EWZ 8,898 NEW
V 8,827 NEW
EEM 8,616 NEW
GOOGL 8,054 78.1%
BABA 7,996 88.1%
AMZN 7,360 31.9%
GOOGL 7,008 117.7%
Top Reduces (Value $000, Stocks/ETFs)
GGAL -24,586 -100.0%
SBS -23,977 -100.0%
QQQ -13,865 -69.0%
NU -9,121 -53.4%
INTR -7,537 -98.6%
MELI -7,504 -100.0%
VTEX -7,383 -78.4%
XLF -6,808 -100.0%
BAC -6,556 -90.6%
XP -5,693 -83.1%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 827 (0.1% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type