BW Gestao de Investimentos Ltda. Q4 2017 Filing

Filed February 14, 2018

Portfolio Value

$694.9B

Holdings

93

Report Date

Q4 2017

Filing Type

13F-HR

All Holdings (93 positions)

#StockSharesValue% PortfolioType
1
ICVTISHARES CONVERTIBLE BOND ETF
5,000,040$275.6B39.66%
2
SPYSPDR S&P500 ETF TRUST
438,300$117.0B16.83%Put
3
CLFCLEVELAND-CLIFFS INC
3,200,000$23.1B3.32%
4
NUENUCOR CORP
325,000$20.7B2.97%
5
STLDSTEEL DYNAMICS INC
450,000$19.4B2.79%
6
AAALCOA CORP
299,200$16.1B2.32%
7
AK STEEL HLDG CORP
2,750,000$15.6B2.24%
8
DEODIAGEO PLC-SPONSORED ADR
105,056$15.3B2.21%
9
FCXFREEPORT-MCMORAN INC
650,000$12.3B1.77%
10
COPXGLOBAL X COPPER MINERS ETF
401,293$11.0B1.58%
11
OSVEURVANECK VECTORS OIL SERVICES ET
400,000$10.4B1.50%
12
ATDALLEGHENY TECH INC
400,000$9.7B1.39%
13
TECK/BTECK RESOURCES LTD-CLS B
350,000$9.2B1.32%
14
EQTEQT CORP
140,820$8.0B1.15%
15
BKRBAKER HUGHES
250,000$7.9B1.14%
16
EWJISHARES MSCI JAPAN IDX
110,000$6.6B0.95%
17
EOGEOG RESOURCES INC
55,000$5.9B0.85%
18
PARSLEY ENERGY INC-CLASS A
200,000$5.9B0.85%
19
ENCANA CORP
400,000$5.3B0.77%
20
NEXA RESOURCES SA
247,807$4.9B0.70%
21
POWERSHARES S&P 500 LOW VOLA
100,000$4.8B0.69%
22
AAPLAPPLE INC
24,335$4.1B0.59%
23
RSP PERMIAN INC
91,700$3.7B0.54%
24
ADBEADOBE SYSTEMS INC
20,878$3.7B0.53%
25
WPMWHEATON PRECIOUS METALS CORP
150,000$3.3B0.48%
26
FANGDIAMONDBACK ENERGY INC
25,000$3.2B0.45%
27
CALPINE CORPORATION
200,000$3.0B0.44%
28
BVNMINAS BUENAVENTURA - ADR
200,000$2.8B0.41%
29
NEMNEWMONT MINING
75,000$2.8B0.40%
30
NOCNORTHROP GRUMMAN CORP
8,900$2.7B0.39%
31
LMTLOCKHEED MARTIN CORP
8,100$2.6B0.37%
32
RTN1USDRAYTHEON COMPANY
13,500$2.5B0.36%
33
GDGENERAL DYNAMICS CORP
12,200$2.5B0.36%
34
BRFVANECK VECTORS BRAZIL SMALL-C
101,913$2.4B0.34%
35
ARMKARAMARK
55,200$2.4B0.34%
36
PVG1EURPRETIUM RESOURCES INC
200,000$2.3B0.33%
37
NVDANVIDIA CORP
11,000$2.1B0.31%
38
YRIYAMANA GOLD INC
650,000$2.0B0.29%
39
AINALBANY INTL CORP-CL A
29,314$1.8B0.26%
40
SATSECHOSTAR CORP-A
26,636$1.6B0.23%
41
CPFL ENERGIA SA-ADR
130,000$1.5B0.22%
42
VANECK VECTORS EGYPT INDEX E
40,000$1.3B0.19%
43
VMWEURVMWARE INC-CLASS A
10,000$1.3B0.18%
44
CRMSALESFORCE.COM INC
12,000$1.2B0.18%
45
FOREST CITY REALTY TRUST- A
50,853$1.2B0.18%
46
PRIPRIMERICA INC
11,777$1.2B0.17%
47
MGRCMCGRATH RENTCORP
24,491$1.2B0.17%
48
NXSTNEXSTAR MEDIA GROUP INC
14,599$1.1B0.16%
49
ENEL AMERICAS SA ADR
100,000$1.1B0.16%
50
DELTIC TIMBER CORP
11,533$1.1B0.15%
51
SYU1SYNOVUS FINANCIAL CORP
21,669$1.0B0.15%
52
SSDSIMPSON MANUFACTURING CO INC
17,306$994.0M0.14%
53
MUSAMURPHY USA INC
12,281$987.0M0.14%
54
VRTSVIRTUS INVESTMENT PARTNERS
8,408$967.0M0.14%
55
BKUBANKUNITED INC
22,749$926.0M0.13%
56
KAIKADANT INC
9,071$911.0M0.13%
57
CBPXEURCONTINENTAL BUILDING PRODUCT
31,834$896.0M0.13%
58
AIZASSURANT INC
8,869$894.0M0.13%
59
XLNXEURXILINX INC
12,500$843.0M0.12%
60
TGSTRANSPORTADOR GAS SUR-SP B
36,176$804.0M0.12%
61
NPOENPRO INDUSTRIES INC
8,092$757.0M0.11%
62
MFAUSDMFA FINANCIAL INC
94,982$752.0M0.11%
63
DENNDENNY'S CORPORATION
56,699$751.0M0.11%
64
COLONY NORTHSTAR INC-CLASS A
65,755$750.0M0.11%
65
CTSCTS CORP
27,241$701.0M0.10%
66
NBHCNATIONAL BANK HOLD-CL A
20,927$679.0M0.10%
67
RGSUSDREGIS CORP
43,064$661.0M0.10%
68
ALTISOURCE RESIDENTI-CL B-WI
54,237$643.0M0.09%
69
ARCCAREC CAPITAL CORP
40,717$640.0M0.09%
70
MMSMAXIMUS INC
8,869$635.0M0.09%
71
PROVIDENCE SERVICE CORP
10,496$623.0M0.09%
72
NEENAH INC
6,565$595.0M0.09%
73
CORECORE-MARK HOLDING CO INC
18,775$593.0M0.09%
74
NATIONAL GENERAL HLDGS
29,429$578.0M0.08%
75
FSSFEDERAL SIGNAL CORP
27,629$555.0M0.08%
76
BRBROADRIDGE FINANCIAL SOLUTIO
5,858$531.0M0.08%
77
LIBERTY VENTURES -SER A
9,661$524.0M0.08%
78
TFSLTFS FINANCIAL CORP
33,417$499.0M0.07%
79
LORAL SPACE & COMMUNICATIONS
11,259$496.0M0.07%
80
TGNATEGNA INC
34,872$491.0M0.07%
81
PARRPAR PACIFIC HOLDINGS INC
24,093$465.0M0.07%
82
XHRXENIA HOTELS & RESORTS INC
21,150$457.0M0.07%
83
DSW INC-CLASS A
20,171$432.0M0.06%
84
OCFCOCEANFIRST FINANCIAL CORP
15,679$412.0M0.06%
85
DST SYSTEMS INC
6,623$411.0M0.06%
86
RNSTRENASANT CORP
9,776$400.0M0.06%
87
CASYCASEYS GENERAL STORES INC
3,513$393.0M0.06%
88
ENICENERSIS CHILE SA - ADR W/I
69,049$392.0M0.06%
89
CLWCLEARWATER PAPER CORP
8,509$386.0M0.06%
90
ATNIATLANTIC TELE-NETWORK INC
6,609$365.0M0.05%
91
LF2PACIFIC PREMIER BANCORP INC
8,351$334.0M0.05%
92
TFINTRIUMPH BANCORP INC
7,645$241.0M0.03%
93
SGUSTAR GROUP LP
19,192$206.0M0.03%