SPX Gestao de Recursos Ltda

Q3 2025 13F-HR Holdings

Location
Rio De Janeiro, D5
Holdings as of
9/30/2025
Date filed
11/12/2025
Form type
13F-HR
Num holdings
167
Total value ($000)
$1,203,266
Net value change ($000)
+131,223 (12.2%)
New positions
70
Sold out positions
33
Turnover %
45.5%
Sector allocation + QoQ delta (equities-only)

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

Prev filing: 8/12/2025 Next filing: 2/13/2026 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)
VALE 93,585 351.6%
EEM 73,243 1265.2%
EWZ 43,830 759.6%
LTM 41,369 4336.4%
PBR 37,798 60.5%
XP 31,973 569.7%
AUGO 29,988 NEW
RIO 26,435 162.5%
FSLR 25,637 NEW
INTR 18,930 NEW
Top Reduces (Value $000, Stocks/ETFs)
IJR -86,073 -100.0%
CEG -46,155 -100.0%
META -35,396 -81.4%
AMZN -30,933 -81.1%
VRT -29,534 -100.0%
VST -26,394 -38.8%
SRE -23,354 -100.0%
TLN -21,291 -42.9%
AHC -21,030 -100.0%
PPC -20,487 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 10,003 (0.8% 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