BW Gestao de Investimentos Ltda. Q2 2025 Filing

Filed August 14, 2025

Portfolio Value

$2.4T

Holdings

93

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (93 positions)

#StockSharesValue% PortfolioType
1
SPYSPDR S&P 500 ETF TR
690,000$426.3B18.11%Put
2
IWMISHARES TR
1,400,000$302.1B12.84%Put
3
THCTENET HEALTHCARE CORP
729,855$128.5B5.46%Call
4
ARKKARK ETF TR
1,450,000$101.9B4.33%Put
5
RBARB GLOBAL INC
745,298$79.1B3.36%
6
FOURSHIFT4 PMTS INC
721,927$71.6B3.04%Call
7
NDQINVESCO QQQ TR
118,764$65.5B2.78%Put
8
NTNXNUTANIX INC
768,556$58.7B2.50%Call
9
EWZISHARES INC
2,000,000$57.7B2.45%Call
10
CVSCVS HEALTH CORP
710,000$49.0B2.08%Call
11
LVLNSPDR SERIES TRUST
789,562$46.9B1.99%Put
12
PRGOPERRIGO CO PLC
1,469,524$39.3B1.67%
13
PCGPG&E CORP
2,800,000$39.0B1.66%Call
14
GLOBGLOBANT S A
427,828$38.9B1.65%
15
ECLECOLAB INC
127,505$34.4B1.46%
16
ALITALIGHT INC
5,991,011$33.9B1.44%Call
17
XLVSELECT SECTOR SPDR TR
229,000$30.9B1.31%
18
TSLATESLA INC
93,500$29.7B1.26%Put
19
XLFSELECT SECTOR SPDR TR
537,400$28.1B1.20%Call
20
GTGOODYEAR TIRE & RUBR CO
2,704,785$28.0B1.19%Call
21
MSFTMICROSOFT CORP
55,685$27.7B1.18%
22
AMZNAMAZON COM INC
121,496$26.7B1.13%
23
BIRKBIRKENSTOCK HOLDING PLC
530,574$26.1B1.11%
24
HYGISHARES TR
305,000$24.6B1.05%Put
25
NRANRG ENERGY INC
152,000$24.4B1.04%
26
EIXEDISON INTL
468,000$24.1B1.03%Call
27
PENNPENN ENTERTAINMENT INC
1,326,182$23.7B1.01%Call
28
XRTSPDR SERIES TRUST
300,000$23.1B0.98%Put
29
AERAERCAP HOLDINGS NV
194,045$22.7B0.96%
30
CPRICAPRI HOLDINGS LIMITED
1,228,299$21.7B0.92%
31
BXBLACKSTONE INC
139,230$20.8B0.88%
32
KWEBKRANESHARES TRUST
586,800$20.1B0.86%
33
ITBISHARES TR
200,000$18.6B0.79%Put
34
CINTCI&T INC
2,882,650$17.2B0.73%
35
AMTMAMENTUM HOLDINGS INC
715,065$16.9B0.72%
36
METAMETA PLATFORMS INC
22,700$16.8B0.71%
37
GFRGREENFIRE RES LTD NEW
3,296,823$14.7B0.62%
38
NOGNORTHERN OIL & GAS INC
517,641$14.7B0.62%
39
AVGOBROADCOM INC
53,200$14.7B0.62%
40
PATHUIPATH INC
1,092,150$14.0B0.59%
41
CLVTCLARIVATE PLC
2,865,021$12.3B0.52%
42
ONONON HLDG AG
228,000$11.9B0.50%
43
CALFPACER FDS TR
291,259$11.6B0.49%
44
GOOGLALPHABET INC
64,071$11.3B0.48%
45
CCLCARNIVAL CORP
379,999$10.7B0.45%
46
KVUEKENVUE INC
500,000$10.5B0.44%Call
47
IFFINTERNATIONAL FLAVORS&FRAGRA
128,225$9.4B0.40%
48
PLNTPLANET FITNESS INC
85,061$9.3B0.39%
49
WCNWASTE CONNECTIONS INC
49,458$9.2B0.39%
50
JBSJBS N.V.
602,000$8.8B0.37%
51
FLUTFLUTTER ENTMT PLC
30,400$8.7B0.37%
52
CLSCELESTICA INC
53,200$8.3B0.35%
53
FTAIFTAI AVIATION LTD
63,610$7.3B0.31%
54
EPAMEPAM SYS INC
41,300$7.3B0.31%
55
SRADSPORTRADAR GROUP AG
247,000$6.9B0.29%
56
EQTEQT CORP
95,001$5.5B0.24%
57
CPACOPA HOLDINGS SA
50,000$5.5B0.23%
58
HLIHOULIHAN LOKEY INC
30,400$5.5B0.23%
59
DMLDENISON MINES CORP
2,930,000$5.3B0.23%
60
EXEEXPAND ENERGY CORPORATION
45,600$5.3B0.23%
61
VTEXVTEX
746,757$4.9B0.21%
62
AMDADVANCED MICRO DEVICES INC
34,200$4.9B0.21%
63
SHWSHERWIN WILLIAMS CO
12,914$4.4B0.19%
64
PAASPAN AMERN SILVER CORP
151,999$4.3B0.18%
65
ELFE L F BEAUTY INC
34,200$4.3B0.18%
66
JEFJEFFERIES FINL GROUP INC
76,000$4.2B0.18%
67
XPXP INC
204,177$4.1B0.18%
68
EATBRINKER INTL INC
22,800$4.1B0.17%
69
AGIALAMOS GOLD INC NEW
152,000$4.0B0.17%
70
MLB1MERCADOLIBRE INC
1,520$4.0B0.17%
71
CWCURTISS WRIGHT CORP
7,600$3.7B0.16%
72
CYBRCYBERARK SOFTWARE LTD
7,600$3.1B0.13%
73
CCOCAMECO CORP
40,000$3.0B0.13%
74
AEMAGNICO EAGLE MINES LTD
22,800$2.7B0.12%
75
NXENEXGEN ENERGY LTD
388,200$2.7B0.11%
76
UALUNITED AIRLS HLDGS INC
30,400$2.4B0.10%
77
RBLXROBLOX CORP
22,800$2.4B0.10%
78
HPEHEWLETT PACKARD ENTERPRISE C
114,000$2.3B0.10%
79
IEIVANHOE ELECTRIC INC
253,223$2.3B0.10%
80
FCXFREEPORT-MCMORAN INC
38,000$1.6B0.07%
81
AAPLAPPLE INC
7,966$1.6B0.07%
82
LOWLOWES COS INC
6,965$1.5B0.07%
83
CVNACARVANA CO
3,800$1.3B0.05%
84
ECECOPETROL S A
114,000$1.0B0.04%
85
CPRTCOPART INC
18,655$915.4M0.04%
86
SGMLSIGMA LITHIUM CORPORATION
200,000$900.0M0.04%Call
87
EENI S P A
25,000$810.5M0.03%
88
U6ZURANIUM ENERGY CORP
100,000$680.0M0.03%
89
MPTMEDICAL PPTYS TRUST INC
120,000$517.2M0.02%
90
RIGTRANSOCEAN LTD
150,000$388.5M0.02%
91
EDNEMPRESA DIST Y COMERCIAL NOR
14,558$385.6M0.02%
92
CIB1NGRUPO CIBEST SA
7,600$351.0M0.01%
93
VISTVISTA ENERGY S.A.B. DE C.V.
7,332$350.5M0.01%