13F-HR filed by SPX Gestao de Recursos Ltda
SPX Gestao de Recursos Ltda filed this 13F-HR for the quarter ended 2025-09-30, filed 2025-11-12, with 167 holding rows worth $1,203,266,390.
- Accession
- 0001589176-25-000006
- Filer
- CIK 1589176
- Filed
- 2025-11-12
- Accepted by EDGAR
- acceptance time not in the bulk data set
- Ingested
- Source
- SEC quarterly data set
13F report for Q3 2025
A holdings report, 167 entries on the cover page, a total value of $1,203,266,390 stated on the cover page (in dollars after the unit check, H1), rows summing to $1,203,266,390 with VALUE read as dollars as filed, 13F file number 028-18920. The quarter's positions are built on this report. The resolved quarter.
Other managers
- included managerSPX Capital Management LLC
The information table after summing rows of one CUSIP and put or call (H4), with the CUSIP and issuer name as filed. Values in dollars after the unit check (method).
| Issuer as filed | CUSIP | Class | Amount | Value | Value read as | Type |
|---|---|---|---|---|---|---|
| VALE S A | 91912E105 | SPONSORED ADS | 11,068,403 | $120,202,857 | dollars as filed | |
| PETROLEO BRASILEIRO S A | 71654V408 | SPONSORED ADR | 7,916,982 | $100,228,992 | dollars as filed | |
| ISHARES TR | 464287234 | MSCI EMG MKT ETF | 1,480,000 | $79,032,000 | dollars as filed | |
| ISHARES INC MSCI BRAZIL ETF | 464286400 | MSCI BRAZIL ETF | 1,600,000 | $49,600,000 | dollars as filed | |
| COPA HOLDINGS SA | P31076105 | CL A | 406,642 | $48,317,202 | dollars as filed | |
| VINCI COMPASS INVESTMENTS LTD | G9451V109 | COM CL A | 4,038,396 | $43,412,757 | dollars as filed | |
| ARCOS DORADOS HLDGS INC | G0457F107 | SHS CLASS -A - | 6,342,621 | $42,812,692 | dollars as filed | |
| RIO TINTO PLC SPONSORED ADR | 767204100 | ADR | 646,866 | $42,699,625 | dollars as filed | |
| LATAM AIRLINES GROUP SA SPONSORED ADR | 51817R205 | ADR | 935,321 | $42,323,275 | dollars as filed | |
| VISTRA CORP COM | 92840M102 | Stock | 212,500 | $41,633,000 | dollars as filed | |
| XP INC CL A | G98239109 | Stock | 2,000,292 | $37,585,487 | dollars as filed | |
| CREDICORP LTD | G2519Y108 | COM | 128,592 | $34,241,478 | dollars as filed | |
| AURA MINERALS INC | G06973112 | SHS NEW | 805,922 | $29,988,358 | dollars as filed | |
| TALEN ENERGY CORP COM | 87422Q109 | Stock | 66,630 | $28,343,069 | dollars as filed | |
| FIRST SOLAR INC COM | 336433107 | Stock | 116,250 | $25,636,613 | dollars as filed | |
| BP PLC SPONSORED ADR | 055622104 | ADR | 703,309 | $24,236,028 | dollars as filed | |
| PETROLEO BRASILEIRO S A | 71654V101 | SP ADR NON VTG | 1,742,229 | $20,593,147 | dollars as filed | |
| BANCO BRADESCO S A | 059460303 | SP ADR PFD NEW | 5,842,473 | $19,747,559 | dollars as filed | |
| INTER & CO INC CLASS A COM | G4R20B107 | Stock | 2,050,930 | $18,930,084 | dollars as filed | |
| GE Vernova Inc. | 36828A101 | COM | 28,700 | $17,647,630 | dollars as filed | |
| NVIDIA Corp | 67066G104 | COM | 88,996 | $16,604,874 | dollars as filed | |
| EMBRAER S.A. | 29082A107 | SPONSORED ADS | 231,172 | $13,974,347 | dollars as filed | |
| GERDAU SA SPON ADR REP PFD | 373737105 | ADR | 4,491,042 | $13,922,230 | dollars as filed | |
| ITAU UNIBANCO HLDG S A SPON ADR REP PFD | 465562106 | ADR | 1,674,082 | $12,287,762 | dollars as filed | |
| TRANSPORTADORA DE GAS SUR | 893870204 | SPONSORED ADS B | 578,365 | $12,163,016 | dollars as filed | |
| NU HLDGS LTD | G6683N103 | ORD SHS CL A | 654,165 | $10,473,182 | dollars as filed | |
| Microsoft Corp | 594918104 | COM | 20,000 | $10,359,000 | dollars as filed | |
| SHARKNINJA INC COM SHS | G8068L108 | Stock | 90,670 | $9,352,611 | dollars as filed | |
| STONECO LTD | G85158106 | COM CL A | 453,462 | $8,574,966 | dollars as filed | |
| COMPANHIA PARANAENSE DE ENERGI | 20441B605 | SPON ADS | 849,336 | $8,323,493 | dollars as filed | |
| META PLATFORMS INC CL A | 30303M102 | COM | 11,030 | $8,100,211 | dollars as filed | |
| HDFC BANK LTD SPONSORED ADS | 40415F101 | ADR | 222,000 | $7,583,520 | dollars as filed | |
| AMBEV SA SPONSORED ADR | 02319V103 | ADR | 3,242,594 | $7,230,985 | dollars as filed | |
| Amazon.com, Inc | 023135106 | COM | 32,880 | $7,219,462 | dollars as filed | |
| Broadcom Inc. | 11135F101 | COM | 21,000 | $6,928,110 | dollars as filed | |
| CORE NATURAL RESOURCES INC | 218937100 | COM SHS | 82,000 | $6,845,360 | dollars as filed | |
| SEA LTD | 81141R100 | SPONSORD ADS | 38,000 | $6,791,740 | dollars as filed | |
| BLUE OWL CAPITAL INC COM CL A | 09581B103 | Stock | 381,360 | $6,456,425 | dollars as filed | |
| ALIBABA GROUP HLDG LTD | 01609W102 | SPONSORED ADS | 33,500 | $5,987,455 | dollars as filed | |
| CORPAY INC COM SHS | 219948106 | Stock | 19,960 | $5,749,678 | dollars as filed | |
| FUTU HLDGS LTD SPON ADS CL A | 36118L106 | ADR | 31,000 | $5,391,210 | dollars as filed | |
| COMPANHIA DE SANEAMENTO BASICO SPONSORED ADR | 20441A102 | ADR | 210,516 | $5,239,743 | dollars as filed | |
| CREDO TECHNOLOGY GROUP HOLDING ORDINARY SHARES | G25457105 | Stock | 34,000 | $4,950,740 | dollars as filed | |
| COHERENT CORP COM | 19247G107 | Stock | 45,000 | $4,847,400 | dollars as filed | |
| AXIA ENERGIA SA | 15234Q207 | SPONSORED ADR | 473,209 | $4,694,233 | dollars as filed | |
| IRENLTDF | Q4982L109 | STOK | 72,600 | $3,407,118 | dollars as filed | |
| Micron Technology,Inc. | 595112103 | COM | 20,000 | $3,346,400 | dollars as filed | |
| CENTRUS ENERGY CORP | 15643U104 | CL A | 10,600 | $3,286,742 | dollars as filed | |
| LUXEXPERIENCE BV | 55406W103 | SPONSORED ADS | 373,910 | $3,178,235 | dollars as filed | |
| CANTALOUPE INC | 138103106 | COM | 298,600 | $3,156,202 | dollars as filed | |
| ENERGY FUELS INC | 292671708 | COM NEW | 196,000 | $3,008,600 | dollars as filed | |
| Afya Ltd-Class A | G01125106 | COM | 185,577 | $2,895,001 | dollars as filed | |
| URANIUM ENERGY CORP COM | 916896103 | Stock | 215,000 | $2,868,100 | dollars as filed | |
| International Business Machines Corporation | 459200101 | COM | 10,000 | $2,821,600 | dollars as filed | |
| CALL- TLT 100 @ 93 EXP 12/19/2025 | 99DHJ2G83 | CALL | 31,765 | $2,731,790 | dollars as filed | call |
| EQT CORP COM | 26884L109 | Stock | 50,000 | $2,721,500 | dollars as filed | |
| GRINDR INC | 39854F101 | COM | 177,300 | $2,663,046 | dollars as filed | |
| TAKE-TWO INTERACTIVE SOFTWARE COM | 874054109 | Stock | 10,000 | $2,583,600 | dollars as filed | |
| ISHARES INC MSCI STH KOR ETF | 464286772 | MSCI STH KOR ETF | 30,000 | $2,403,000 | dollars as filed | |
| WESTERN DIGITAL CORP | 958102105 | COM | 20,000 | $2,401,200 | dollars as filed | |
| EVE HLDG INC | 29970N104 | COM | 588,991 | $2,244,056 | dollars as filed | |
| Eli Lilly and Company | 532457108 | COM | 2,800 | $2,136,400 | dollars as filed | |
| HUT 8 CORP | 44812J104 | COM | 60,800 | $2,116,448 | dollars as filed | |
| NEWMONT CORP | 651639106 | COM | 25,000 | $2,107,750 | dollars as filed | |
| ROCKETLABCORPCLASSCLASSA | 773121108 | STOK | 42,400 | $2,031,384 | dollars as filed | |
| Uber Technologies | 90353T100 | COM | 20,000 | $1,959,400 | dollars as filed | |
| JAMES HARDIE INDS PLC ORD SHS | G4253H101 | Stock | 101,600 | $1,951,736 | dollars as filed | |
| ConocoPhillips | 20825C104 | COM | 20,000 | $1,891,800 | dollars as filed | |
| SPDR SER TR | 78468R556 | S&P OILGAS EXP | 14,000 | $1,850,800 | dollars as filed | |
| TRANSDIGM GROUP INC COM | 893641100 | Stock | 1,400 | $1,845,228 | dollars as filed | |
| IONQ INC COM | 46222L108 | Stock | 30,000 | $1,845,000 | dollars as filed | |
| GRANDSTAND LTD ORDINARY SHARES | G3R239101 | Stock | 208,800 | $1,707,984 | dollars as filed | |
| BLOOM ENERGY CORP | 093712107 | COM | 20,000 | $1,691,400 | dollars as filed | |
| GENERAL MILLS INC COM | 370334104 | Stock | 32,180 | $1,622,516 | dollars as filed | |
| RIOT PLATFORMS INC | 767292105 | COM | 84,000 | $1,598,520 | dollars as filed | |
| TAIWAN SEMICONDUCTOR MFG | 874039100 | SPONSORED ADS | 5,600 | $1,564,024 | dollars as filed | |
| CALL- EEM 100 @ 54 EXP 10/17/2025 | 99DM6ZFL5 | CALL | 32,000 | $1,552,000 | dollars as filed | call |
| DOORDASH INC CL A | 25809K105 | Stock | 5,600 | $1,523,144 | dollars as filed | |
| RIGETTI COMPUTING INC COMMON STOCK | 76655K103 | Stock | 50,000 | $1,489,500 | dollars as filed | |
| PAGAYA TECHNOLOGIES LTD | M7S64L123 | CL A NEW | 50,000 | $1,484,500 | dollars as filed | |
| GINKGO BIOWORKS HOLDINGS INC | 37611X209 | COMMON STOCK | 100,000 | $1,458,000 | dollars as filed | |
| NIKE,Inc. Class B | 654106103 | COM | 20,000 | $1,394,600 | dollars as filed | |
| NRG ENERGY INC COM NEW | 629377508 | Stock | 8,400 | $1,360,380 | dollars as filed | |
| SUZANO S A SPON ADS | 86959K105 | ADR | 144,213 | $1,355,602 | dollars as filed | |
| PAYPALHLDGSINC | 70450Y103 | STOK | 20,000 | $1,341,200 | dollars as filed | |
| Caterpillar Inc. | 149123101 | COM | 2,800 | $1,336,020 | dollars as filed | |
| DELL TECHNOLOGIES INC CL C | 24703L202 | Stock | 9,000 | $1,275,930 | dollars as filed | |
| SNOWFLAKE INC COM SHS | 833445109 | Stock | 5,600 | $1,263,080 | dollars as filed | |
| NEBIUS GROUP N.V. | N97284108 | SHS CLASS A | 11,200 | $1,257,424 | dollars as filed | |
| Honeywell Technologies | 438516106 | COM | 5,600 | $1,178,800 | dollars as filed | |
| QUANTUM COMPUTING INC | 74766W108 | COM | 64,000 | $1,178,240 | dollars as filed | |
| ARISTA NETWORKS INC | 040413205 | COM | 8,000 | $1,165,680 | dollars as filed | |
| D-WAVE QUANTUM INC | 26740W109 | COM | 44,000 | $1,087,240 | dollars as filed | |
| UIPATH INC | 90364P105 | CL A | 80,000 | $1,070,400 | dollars as filed | |
| ASP ISOTOPES INC | 00218A105 | COM | 109,600 | $1,054,352 | dollars as filed | |
| Advanced Micro Devices,Inc. | 007903107 | COM | 6,500 | $1,051,635 | dollars as filed | |
| Eaton Corp. Plc | G29183103 | COM | 2,800 | $1,047,900 | dollars as filed | |
| ISHARES TR | 464287184 | CHINA LG-CAP ETF | 25,370 | $1,043,722 | dollars as filed | |
| BWX TECHNOLOGIES INC | 05605H100 | COM | 5,500 | $1,014,035 | dollars as filed | |
| ARCHER AVIATION INC | 03945R102 | COM CL A | 105,000 | $1,005,900 | dollars as filed | |
| PUT - SPY 100 @ 663 EXP 10/10/2025 | 99DNJRJH2 | PUT | 2,716 | $964,180 | dollars as filed | put |
| COREWEAVE INC COM CL A | 21873S108 | COM | 7,000 | $957,950 | dollars as filed | |
| CALL- MRVL 100 @ 81 EXP 10/17/2025 | 99DNZ6T06 | CALL | 1,700 | $933,300 | dollars as filed | call |
| NAYAX LTD | M7S750159 | SHS | 19,109 | $909,779 | dollars as filed | |
| MASTEC INC COM | 576323109 | Stock | 4,200 | $893,802 | dollars as filed | |
| JPMorgan Chase & Co | 46625H100 | COM | 2,800 | $883,204 | dollars as filed | |
| SHELL PLC SPON ADS | 780259305 | ADR | 12,198 | $872,523 | dollars as filed | |
| BITMINE IMMERSION TECHS INC | 09175A206 | COM NEW | 16,800 | $872,424 | dollars as filed | |
| Chevron Corporation | 166764100 | COM | 5,600 | $869,624 | dollars as filed | |
| FIVE BELOW INC COM | 33829M101 | Stock | 5,600 | $866,320 | dollars as filed | |
| GRUPO FINANCIERO GALICIA | 399909100 | SPONSORED ADR | 30,000 | $826,800 | dollars as filed | |
| Bank of America Corp | 060505104 | COM | 15,000 | $773,850 | dollars as filed | |
| BITDEER TECHNOLOGIES GROUP CL A ORD SHS | G11448100 | Stock | 42,000 | $717,780 | dollars as filed | |
| CIA ENERGETICA DE MINAS GERA | 204409601 | SP ADR N-V PFD | 320,778 | $676,842 | dollars as filed | |
| Indivior PLC | G4766E116 | Common Stock | 28,000 | $675,080 | dollars as filed | |
| NETAPP INC COM | 64110D104 | Stock | 5,600 | $663,376 | dollars as filed | |
| COMPANHIA PARANAENSE DE ENERGI SPONSORED ADS | 20441B704 | ADR | 70,929 | $635,524 | dollars as filed | |
| CALL- MU 100 @ 180 EXP 12/19/2025 | 99D9YZPC2 | CALL | 500 | $590,000 | dollars as filed | call |
| JBS N.V. | N4732M103 | CL A SHS | 39,281 | $586,465 | dollars as filed | |
| BED BATH & BEYOND INC | 690370101 | COM | 56,000 | $548,240 | dollars as filed | |
| CENTRAIS ELETRICAS BRASILEIR | 15234Q108 | SPON ADR PFD B | 50,366 | $521,792 | dollars as filed | |
| DROPBOX INC CL A | 26210C104 | Stock | 16,800 | $507,528 | dollars as filed | |
| CALL- KWEB 100 @ 44 EXP 10/17/2025 | 99DM6XYR6 | CALL | 10,000 | $460,000 | dollars as filed | call |
| CALL- UBER 100 @ 110 EXP 11/21/2025 | 99DJDLN28 | CALL | 2,000 | $438,000 | dollars as filed | call |
| PUT - QQQ 100 @ 585 EXP 10/17/2025 | 99DM4G3P3 | PUT | 1,100 | $411,400 | dollars as filed | put |
| CALL- GDXJ 100 @ 100 EXP 11/21/2025 | 99DLQC2S5 | CALL | 600 | $376,500 | dollars as filed | call |
| SOLAREDGE TECHNOLOGIES INC | 83417M104 | COM | 8,000 | $296,000 | dollars as filed | |
| CALL- FXI 100 @ 43 EXP 11/21/2025 | 99DJNHD35 | CALL | 3,000 | $288,000 | dollars as filed | call |
| CANADIAN SOLAR INC | 136635109 | COM | 22,000 | $286,880 | dollars as filed | |
| SHOALS TECHNOLOGIES GROUP INC CL A | 82489W107 | Stock | 38,000 | $281,580 | dollars as filed | |
| NEXTPOWER INC CLASS A COM | 65290E101 | Stock | 3,700 | $273,763 | dollars as filed | |
| SUNRUN INC | 86771W105 | COM | 15,500 | $267,995 | dollars as filed | |
| PUT - TLT 100 @ 89 EXP 12/19/2025 | 99DHJ33Q5 | PUT | 1,179 | $259,604 | dollars as filed | put |
| JINKOSOLAR HOLDING COMPANY,LIM | 47759T100 | SPONSORED ADR | 10,500 | $252,315 | dollars as filed | |
| ARRAY TECHNOLOGIES, INC. | 04271T100 | COM SHS | 27,000 | $220,050 | dollars as filed | |
| Brazil Potash Corp. | 10586A108 | COM | 74,572 | $200,599 | dollars as filed | |
| EIGHTCO HOLDINGS INC | 22890A302 | COMMON STOCK | 16,800 | $153,720 | dollars as filed | |
| CALL- FSLR 100 @ 240 EXP 11/21/2025 | 99DN4NST1 | CALL | 100 | $120,500 | dollars as filed | call |
| CALL- DDOG 100 @ 150 EXP 10/17/2025 | 99DJ8TD44 | CALL | 500 | $117,450 | dollars as filed | call |
| CALL- EEM 100 @ 54 EXP 11/21/2025 | 99DM6ZMR4 | CALL | 1,000 | $110,500 | dollars as filed | call |
| CALL- NVDA 100 @ 180 EXP 10/17/2025 | 99DHCF1P9 | CALL | 100 | $102,389 | dollars as filed | call |
| CALL- FSLR 100 @ 250 EXP 11/21/2025 | 99DN4PM96 | CALL | 100 | $91,750 | dollars as filed | call |
| CALL- CROX 100 @ 90 EXP 10/24/2025 | 99DNKJRJ5 | CALL | 400 | $89,652 | dollars as filed | call |
| ULTRAPAR PARTICIPACOES SA | 90400P101 | SP ADR REP COM | 21,469 | $88,023 | dollars as filed | |
| CALL- HUT 100 @ 45 EXP 12/19/2025 | 99DGRWTD5 | CALL | 200 | $70,008 | dollars as filed | call |
| AMBIPAR EMERGENCY RESPONSE | G02532110 | *W EXP 03/06/202 | 1,592,965 | $66,905 | dollars as filed | |
| CALL- META 100 @ 780 EXP 10/17/2025 | 99DJX4ZL9 | CALL | 100 | $44,115 | dollars as filed | call |
| PUT - QQQ 100 @ 570 EXP 10/17/2025 | 99DM4FHZ8 | PUT | 200 | $38,000 | dollars as filed | put |
| CALL- IWM 100 @ 242 EXP 10/03/2025 | 99DNDHGM2 | CALL | 200 | $36,324 | dollars as filed | call |
| PUT - QQQ 100 @ 565 EXP 10/17/2025 | 99DMDK6F3 | PUT | 200 | $30,800 | dollars as filed | put |
| CALL- META 100 @ 800 EXP 10/17/2025 | 99DJX5KZ1 | CALL | 140 | $30,240 | dollars as filed | call |
| CALL- AMZN 100 @ 250 EXP 10/17/2025 | 99DJ8XX19 | CALL | 1,000 | $26,500 | dollars as filed | call |
| PUT - SPY 100 @ 620 EXP 10/17/2025 | 99DLCXB88 | PUT | 300 | $22,551 | dollars as filed | put |
| PUT - XLU 100 @ 83.5 EXP 10/17/2025 | 99DNWBPX0 | PUT | 1,000 | $22,010 | dollars as filed | put |
| PUT - HYG 100 @ 80.5 EXP 10/17/2025 | 99DNWB6N3 | PUT | 1,000 | $19,010 | dollars as filed | put |
| CALL- XHB 100 @ 130 EXP 11/21/2025 | 99DMNDZX7 | CALL | 500 | $12,810 | dollars as filed | call |
| PUT - INTC 100 @ 27 EXP 10/17/2025 | 99DJ2H8Y6 | PUT | 1,000 | $11,500 | dollars as filed | put |
| VASTA PLATFORM LTD CL A | G9440A109 | Stock | 1,550 | $7,704 | dollars as filed | |
| AMBIPAR EMERGENCY RESPONSE -- | G02532102 | CL A ORD SHS | 6,642 | $5,314 | dollars as filed | |
| WALDENCAST PLC | G9503X111 | *W EXP 07/27/202 | 1,988 | $76 | dollars as filed | |
| BHP BILLITON LIMITED SPONSORED ADS | 088606108 | ADR | 0 | $0 | dollars as filed | Value filed as zero, left out of ratios.Amount filed as zero, left out of ratios. |
| TELEFONICA BRASIL SA | 87936R205 | SPONSORED ADS | 0 | $0 | dollars as filed | Value filed as zero, left out of ratios.Amount filed as zero, left out of ratios. |
| PAMPA ENERGIA SA | 697660207 | SPONS ADR LVL I | 0 | $0 | dollars as filed | Value filed as zero, left out of ratios.Amount filed as zero, left out of ratios. |
| CALL- AMD 100 @ 190 EXP 10/17/2025 | 99DGQ49K4 | CALL | 0 | $0 | dollars as filed | callValue filed as zero, left out of ratios.Amount filed as zero, left out of ratios. |
| CALL- AMD 100 @ 180 EXP 10/17/2025 | 99DGQ47S9 | CALL | 0 | $0 | dollars as filed | callValue filed as zero, left out of ratios.Amount filed as zero, left out of ratios. |
| CALL- VST 100 @ 212.5 EXP 10/03/2025 | 99DNNHBB0 | CALL | 0 | $0 | dollars as filed | callValue filed as zero, left out of ratios.Amount filed as zero, left out of ratios. |
| CALL- NVDA 100 @ 185 EXP 10/17/2025 | 99DHCF1T1 | CALL | 0 | $0 | dollars as filed | callValue filed as zero, left out of ratios.Amount filed as zero, left out of ratios. |
Amendment chain
| Filing | Role | Filed | Accepted | Ingested |
|---|---|---|---|---|
| 13F-HR 0001589176-25-000006 | this filing | 2025-11-12 | acceptance time not in the bulk data set |