BW Gestao de Investimentos Ltda.

Q2 2025 13F-HR Holdings

Location
Sao Paulo, D5
Holdings as of
6/30/2025
Date filed
8/14/2025
Form type
13F-HR
Num holdings
106
Total value ($000)
$2,353,764
Net value change ($000)
-827,896 (-26.0%)
New positions
33
Sold out positions
31
Turnover %
45.8%
Sector allocation + QoQ delta (equities-only)

Holdings aggregated across other managers listed in the original SEC filing. View detailed breakdown

Prev filing: 5/15/2025 Next filing: 11/13/2025 SEC filing

Snapshot: Change Analysis

Compared to Q1 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)
XLV 29,218 1771.9%
KRE 29,075 NEW
RBA 23,948 43.4%
NRG 22,232 1021.7%
XLF 20,288 NEW
GLOB 17,298 80.2%
AMZN 17,012 176.4%
META 14,564 664.7%
FOUR 14,362 52.3%
NTNX 14,105 56.9%
Top Reduces (Value $000, Stocks/ETFs)
EWZ -64,625 -100.0%
ORCL -42,010 -100.0%
TLN -32,298 -100.0%
VST -20,375 -100.0%
CROX -16,369 -100.0%
TSM -15,803 -100.0%
APG -14,276 -100.0%
EQH -11,301 -100.0%
R -10,794 -100.0%
CZR -9,102 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 1,298,979 (55.2% 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