BW Gestao de Investimentos Ltda.

Q3 2025 13F-HR Holdings

Location
Sao Paulo, D5
Holdings as of
9/30/2025
Date filed
11/13/2025
Form type
13F-HR
Num holdings
118
Total value ($000)
$2,287,004
Net value change ($000)
-66,760 (-2.8%)
New positions
44
Sold out positions
27
Turnover %
44.2%
Sector allocation + QoQ delta (equities-only)

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

Prev filing: 8/14/2025 Next filing: 2/10/2026 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)
IVV 103,742 NEW
PATH 35,689 255.3%
EWZ 25,817 NEW
DKS 23,206 NEW
AA 22,694 NEW
COPX 21,532 NEW
OC 20,370 NEW
VRNS 18,376 NEW
EXE 17,217 322.9%
WIX 15,631 NEW
Top Reduces (Value $000, Stocks/ETFs)
KRE -29,075 -100.0%
XLF -20,288 -100.0%
AMZN -18,878 -70.8%
GLOB -16,947 -43.6%
META -16,755 -100.0%
MSFT -16,274 -58.8%
BX -15,114 -72.6%
AVGO -14,665 -100.0%
CALF -11,596 -100.0%
NRG -11,452 -46.9%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 966,102 (42.2% 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