BTG Pactual Asset Management US LLC Q4 2025 Filing
Filed February 17, 2026
Portfolio Value
$1.0T
Holdings
227
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (227 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | SPYSPDR S&P 500 ETF TR | 221,117 | $149.0B | 14.51% | Put |
| 2 | IWFISHARES TR | 178,572 | $75.0B | 7.30% | |
| 3 | HYGISHARES TR | 809,099 | $64.0B | 6.23% | Put |
| 4 | MGKVANGUARD WORLD FD | 93,608 | $34.0B | 3.31% | |
| 5 | MGVVANGUARD WORLD FD | 194,054 | $25.0B | 2.43% | |
| 6 | GOOGALPHABET INC | 79,297 | $24.0B | 2.34% | |
| 7 | AMZNAMAZON COM INC | 99,865 | $23.0B | 2.24% | |
| 8 | VGKVANGUARD INTL EQUITY INDEX F | 303,249 | $23.0B | 2.24% | |
| 9 | BRK/BBERKSHIRE HATHAWAY INC DEL | 48,005 | $23.0B | 2.24% | Put |
| 10 | XLVSELECT SECTOR SPDR TR | 134,367 | $20.0B | 1.95% | |
| 11 | METAMETA PLATFORMS INC | 30,992 | $19.0B | 1.85% | Put |
| 12 | NVDANVIDIA CORPORATION | 107,118 | $19.0B | 1.85% | |
| 13 | JPMJPMORGAN CHASE & CO. | 55,683 | $17.0B | 1.66% | |
| 14 | GQ9SPDR GOLD TR | 45,198 | $16.0B | 1.56% | Put |
| 15 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 51,426 | $15.0B | 1.46% | |
| 16 | OGEOGE ENERGY CORP | 340,268 | $14.0B | 1.36% | |
| 17 | XELXCEL ENERGY INC | 189,188 | $13.0B | 1.27% | |
| 18 | BABOEING CO | 56,600 | $12.0B | 1.17% | Put |
| 19 | EVRGEVERGY INC | 178,628 | $12.0B | 1.17% | |
| 20 | VOVANGUARD INDEX FDS | 45,466 | $12.0B | 1.17% | |
| 21 | WECWEC ENERGY GROUP INC | 104,975 | $11.0B | 1.07% | |
| 22 | CNPCENTERPOINT ENERGY INC | 297,658 | $11.0B | 1.07% | |
| 23 | DTEDTE ENERGY CO | 92,354 | $11.0B | 1.07% | |
| 24 | VVISA INC | 33,743 | $11.0B | 1.07% | |
| 25 | LLYELI LILLY & CO | 9,799 | $10.0B | 0.97% | |
| 26 | NDQINVESCO QQQ TR | 15,033 | $9.0B | 0.88% | Put |
| 27 | EWJISHARES INC | 114,392 | $9.0B | 0.88% | |
| 28 | MSFTMICROSOFT CORP | 20,296 | $9.0B | 0.88% | |
| 29 | AEPAMERICAN ELEC PWR CO INC | 78,196 | $9.0B | 0.88% | |
| 30 | VWOVANGUARD INTL EQUITY INDEX F | 178,750 | $8.0B | 0.78% | |
| 31 | GEVGE VERNOVA INC | 13,523 | $8.0B | 0.78% | |
| 32 | GMGENERAL MTRS CO | 102,400 | $8.0B | 0.78% | Put |
| 33 | PEOEXELON CORP | 206,408 | $8.0B | 0.78% | |
| 34 | CEGCONSTELLATION ENERGY CORP | 25,297 | $8.0B | 0.78% | |
| 35 | PNWPINNACLE WEST CAP CORP | 89,414 | $7.0B | 0.68% | |
| 36 | VBVANGUARD INDEX FDS | 30,244 | $7.0B | 0.68% | |
| 37 | KOS 3.125 03/15/30KOSMOS ENERGY LTD | 15,705,000 | $6.0B | 0.58% | |
| 38 | UTESETFIS SER TR I | 75,963 | $6.0B | 0.58% | |
| 39 | DDOMINION ENERGY INC | 119,040 | $6.0B | 0.58% | |
| 40 | VSTVISTRA CORP | 39,323 | $6.0B | 0.58% | |
| 41 | URIUNITED RENTALS INC | 7,704 | $6.0B | 0.58% | |
| 42 | AEEAMEREN CORP | 60,150 | $6.0B | 0.58% | |
| 43 | VFHVANGUARD WORLD FD | 47,692 | $6.0B | 0.58% | |
| 44 | OGSONE GAS INC | 86,408 | $6.0B | 0.58% | |
| 45 | CRWDCROWDSTRIKE HLDGS INC | 11,457 | $5.0B | 0.49% | |
| 46 | EOGEOG RES INC | 50,438 | $5.0B | 0.49% | |
| 47 | ABBVABBVIE INC | 22,878 | $5.0B | 0.49% | |
| 48 | VHTVANGUARD WORLD FD | 23,259 | $5.0B | 0.49% | |
| 49 | VGTVANGUARD WORLD FD | 8,647 | $5.0B | 0.49% | |
| 50 | MLPXGLOBAL X FDS | 89,850 | $5.0B | 0.49% | |
| 51 | IHSIHS HOLDING LIMITED | 578,278 | $4.0B | 0.39% | |
| 52 | PCGPG&E CORP | 253,152 | $4.0B | 0.39% | |
| 53 | PEGPUBLIC SVC ENTERPRISE GRP IN | 49,942 | $4.0B | 0.39% | |
| 54 | HIGHARTFORD INSURANCE GROUP INC | 32,886 | $4.0B | 0.39% | |
| 55 | TIGOMILLICOM INTL CELLULAR S A | 78,787 | $4.0B | 0.39% | |
| 56 | VTEBVANGUARD MUN BD FDS | 94,562 | $4.0B | 0.39% | |
| 57 | EPPISHARES INC | 80,384 | $3.0B | 0.29% | |
| 58 | CVXCHEVRON CORP NEW | 22,230 | $3.0B | 0.29% | |
| 59 | AMLPALPS ETF TR | 67,158 | $3.0B | 0.29% | |
| 60 | VNQVANGUARD INDEX FDS | 39,303 | $3.0B | 0.29% | |
| 61 | HCAHCA HEALTHCARE INC | 7,426 | $3.0B | 0.29% | |
| 62 | AMANTERO MIDSTREAM CORP | 211,628 | $3.0B | 0.29% | |
| 63 | SUNCSUNOCOCORP LLC | 75,526 | $3.0B | 0.29% | |
| 64 | SYKSTRYKER CORPORATION | 7,802 | $2.0B | 0.19% | |
| 65 | BTEBAYTEX ENERGY CORP | 633,954 | $2.0B | 0.19% | |
| 66 | USHYISHARES TR | 60,725 | $2.0B | 0.19% | |
| 67 | DUKDUKE ENERGY CORP NEW | 21,739 | $2.0B | 0.19% | |
| 68 | CRCCANADIAN NAT RES LTD | 86,373 | $2.0B | 0.19% | |
| 69 | RPRXROYALTY PHARMA PLC | 66,694 | $2.0B | 0.19% | |
| 70 | EMLPFIRST TR EXCHANGE-TRADED FD | 55,680 | $2.0B | 0.19% | |
| 71 | DHTDHT HOLDINGS INC | 205,782 | $2.0B | 0.19% | |
| 72 | BKBANK NEW YORK MELLON CORP | 22,230 | $2.0B | 0.19% | |
| 73 | AVGOBROADCOM INC | 6,321 | $2.0B | 0.19% | |
| 74 | CMCANADIAN IMPERIAL BANK OF CO | 26,446 | $2.0B | 0.19% | |
| 75 | IBBISHARES TR | 15,976 | $2.0B | 0.19% | |
| 76 | MUNIPIMCO ETF TR | 57,651 | $2.0B | 0.19% | |
| 77 | LQDISHARES TR | 19,902 | $2.0B | 0.19% | |
| 78 | TACTRANSALTA CORP | 186,980 | $2.0B | 0.19% | |
| 79 | BKHBLACK HILLS CORP | 29,102 | $2.0B | 0.19% | |
| 80 | GOOGLALPHABET INC | 7,840 | $2.0B | 0.19% | |
| 81 | JMUBJ P MORGAN EXCHANGE TRADED F | 40,458 | $2.0B | 0.19% | |
| 82 | TIPISHARES TR | 16,901 | $1.0B | 0.10% | |
| 83 | VTIVANGUARD INDEX FDS | 5,399 | $1.0B | 0.10% | |
| 84 | AAPLAPPLE INC | 6,592 | $1.0B | 0.10% | |
| 85 | MLB1MERCADOLIBRE INC | 500 | $1.0B | 0.10% | |
| 86 | APPAPPLOVIN CORP | 2,805 | $1.0B | 0.10% | Put |
| 87 | SMHVANECK ETF TRUST | 5,000 | $1.0B | 0.10% | Put |
| 88 | IBITISHARES BITCOIN TRUST ETF | 19,040 | $1.0B | 0.10% | |
| 89 | FLUTFLUTTER ENTMT PLC | 4,425 | $1.0B | 0.10% | |
| 90 | CFGCITIZENS FINL GROUP INC | 29,958 | $1.0B | 0.10% | |
| 91 | NOWSERVICENOW INC | 7,800 | $1.0B | 0.10% | |
| 92 | HIWHIGHWOODS PPTYS INC | 60,632 | $1.0B | 0.10% | |
| 93 | XAGGMORGAN STANLEY ETF TRUST | 34,980 | $1.0B | 0.10% | |
| 94 | VIGVANGUARD SPECIALIZED FUNDS | 5,985 | $1.0B | 0.10% | |
| 95 | WBDWARNER BROS DISCOVERY INC | 50,000 | $1.0B | 0.10% | Call |
| 96 | BSXBOSTON SCIENTIFIC CORP | 20,025 | $1.0B | 0.10% | |
| 97 | UBERUBER TECHNOLOGIES INC | 12,716 | $1.0B | 0.10% | |
| 98 | TELFYTELEFONICA S A | 17,404 | $0 | 0.00% | |
| 99 | AVALGRUPO AVAL ACCIONES Y VALORE | 35,147 | $0 | 0.00% | |
| 100 | IVVISHARES TR | 908 | $0 | 0.00% |
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