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Absolute Gestao de Investimentos Ltda.

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13F filer, CIK 1622610, SAO PAULO, Brazil

Absolute Gestao de Investimentos Ltda. reported $956,648,297 across 46 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-13. Its ten largest share positions make up 90.51% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001622610-26-000002

Period
2025-12-31
Reported value
$957M
Holdings
46
Top 10 weight
90.51%
New
31
Sold out
30

Largest buys vs the previous quarter

SecurityShares changeApprox. value
EAadded+586,473$120M
GTLSadded+460,206$94.9M
DAYnew+1,299,386$89.9M
CYBERARK SOFTWARE LTD/ISRAELadded+153,851$68.6M
EXASnew+651,423$66.2M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
EEMreduced-1,250,000-$68.4M
EMXCexited-715,000-$48.3M
EWZreduced-1,458,584-$46.3M
VERONA PHARMA PLCexited-413,432-$44.1M
Kexited-456,781-$37.5M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001622610-26-000002, largest first. % of portfolio is the value over $953,417,602, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
GTLSCHART INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 440,746 shares; 2025Q4: 900,952 shares 900,952$186M19.49%+460,206Timeline
CYBERARK SOFTWARE LTD/ISRAELCYBERARK SOFTWARE LTD/ISRAELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 190,897 shares; 2025Q4: 344,748 shares 344,748$154M16.13%+153,851
EAELECTRONIC ARTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 80,000 shares; 2025Q4: 666,473 shares 666,473$136M14.28%+586,473Timeline
DAYDAYFORCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,299,386 shares 1,299,386$89.9M9.43%newTimeline
EFAISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 285,500 shares; 2025Q4: 692,000 shares 692,000$66.5M6.97%+406,500Timeline
EXASEXACT SCIENCES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 651,423 shares 651,423$66.2M6.94%newTimeline
XLFSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 150,000 shares; 2024Q4: 7,500 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 950,000 shares 950,000$52M5.46%newTimeline
HOLXHOLOGIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 630,749 shares 630,749$47M4.93%newTimeline
XPXP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 213,892 shares; 2024Q4: not reported; 2025Q1: 182,708 shares; 2025Q2: 780,292 shares; 2025Q3: 1,084,611 shares; 2025Q4: 2,262,857 shares 2,262,857$37M3.89%+1,178,246Timeline
ALAIR LEASE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 446,067 shares 446,067$28.7M3.01%newTimeline
EEMISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,785,708 shares; 2025Q3: 1,680,077 shares; 2025Q4: 430,077 shares 430,077$23.5M2.47%-1,250,000Timeline
CSGSCSG SYS INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 133,995 shares 133,995$10.3M1.08%newTimeline
PAMPAMPA ENERGIA SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,800 shares; 2025Q1: not reported; 2025Q2: 41,547 shares; 2025Q3: 104,586 shares; 2025Q4: 96,420 shares 96,420$8.53M0.9%-8,166Timeline
WBDWARNER BROS DISCOVERY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 180,000 shares 180,000$5.19M0.54%newTimeline
STNESTONECO LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,859,716 shares; 2024Q4: 342,206 shares; 2025Q1: 86,286 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 347,565 shares 347,565$5.14M0.54%newTimeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 34,910 shares; 2024Q4: 4,681 shares; 2025Q1: 32,298 shares; 2025Q2: 7,328 shares; 2025Q3: 5,328 shares; 2025Q4: 18,828 shares 18,828$4.35M0.46%+13,500Timeline
EWZISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 20,000 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,575,771 shares; 2025Q4: 117,187 shares 117,187$3.72M0.39%-1,458,584Timeline
PAGSPAGSEGURO DIGITAL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,884,886 shares; 2024Q4: 235,317 shares; 2025Q1: 94,169 shares; 2025Q2: 1,392,605 shares; 2025Q3: not reported; 2025Q4: 362,484 shares 362,484$3.49M0.37%newTimeline
SIGSIGNET JEWELERS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 33,623 shares 33,623$2.79M0.29%newTimeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 74,070 shares; 2024Q4: 6,483 shares; 2025Q1: 36,000 shares; 2025Q2: 12,126 shares; 2025Q3: not reported; 2025Q4: 9,000 shares 9,000$2.74M0.29%newTimeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 92,729 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 15,500 shares; 2025Q3: not reported; 2025Q4: 7,000 shares 7,000$2.19M0.23%newTimeline
ALKALASKA AIR GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 43,422 shares 43,422$2.18M0.23%newTimeline
VTEXVTEXQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 297,372 shares; 2024Q4: 288,842 shares; 2025Q1: 376,621 shares; 2025Q2: 560,932 shares; 2025Q3: not reported; 2025Q4: 578,098 shares 578,098$2.17M0.23%newTimeline
JBSJBS N.V.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 150,000 shares 150,000$2.16M0.23%newTimeline
STAASTAAR SURGICAL COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 90,000 shares 90,000$2.08M0.22%newTimeline
NUNU HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,250,747 shares; 2025Q4: 106,594 shares 106,594$1.78M0.19%-1,144,153Timeline
ARCOARCOS DORADOS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,792,704 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 154,584 shares 154,584$1.13M0.12%newTimeline
LOMALOMA NEGRA C I A S A MTN 14Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 85,426 shares 85,426$1.11M0.12%newTimeline
TEVATEVA PHARMACEUTICAL INDS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 30,800 shares 30,800$961K0.1%newTimeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 228,301 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 3,000 shares 3,000$941K0.1%newTimeline
PBRPETROLEO BRASILEIRO S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 72,841 shares 72,841$863K0.09%newTimeline
OLNOLIN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 45,000 shares; 2025Q4: 33,200 shares 33,200$692K0.07%-11,800Timeline
ABEVAMBEV SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 141,469 shares 141,469$349K0.04%newTimeline
LITELUMENTUM HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 925 shares 925$341K0.04%newTimeline
IRENIREN LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 25,000 shares; 2025Q3: not reported; 2025Q4: 8,165 shares 8,165$308K0.03%newTimeline
BEBLOOM ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 3,125 shares 3,125$272K0.03%newTimeline
CLSCELESTICA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 890 shares 890$263K0.03%newTimeline
CIFRCIPHER DIGITAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 17,820 shares 17,820$263K0.03%newTimeline
WULFTERAWULF INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 21,123 shares 21,123$243K0.03%newTimeline
COHRCOHERENT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,110 shares 1,110$205K0.02%newTimeline
CLSKCLEANSPARK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 19,722 shares 19,722$200K0.02%newTimeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
ISHARES TRISHARES TR CALLcall53,406$1.64M-54,894
ISHARES TRISHARES TR CALLcall45,734$683K+37,844
SELECT SECTOR SPDR TRSELECT SECTOR SPDR TR CALLcall44,250$615Knew
ISHARES INCISHARES INC CALLcall19,800$248K-27,626
SELECT SECTOR SPDR TRSELECT SECTOR SPDR TR CALLcall27,353$43.3K+17,353

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
EMXCISHARES INC715,000$48.3Mshares
VERONA PHARMA PLCVERONA PHARMA PLC413,432$44.1Mshares
KKELLANOVA456,781$37.5Mshares
KWEBKRANESHARES TRUST742,042$31.2Mshares
MERUS N VMERUS N V330,588$31.1Mshares
Sandstorm Gold LtdSandstorm Gold Ltd1,953,356$24.5Mshares
MR COOPER GROUP INCMR COOPER GROUP INC112,372$23.7Mshares
EWAISHARES INC800,000$21.6Mshares
TECKTECK RESOURCES LTD470,000$20.6Mshares
WNS HLDGS LTD COM SHSWNS HLDGS LTD COM SHS200,689$15.3Mshares
NVDANVIDIA CORPORATION60,000$11.2Mshares
NSCNORFOLK SOUTHN CORP33,000$9.91Mshares
ARIS WATER SOLUTIONS INCARIS WATER SOLUTIONS INC300,625$7.41Mshares
AVIDXCHANGE HOLDINGS INCAVIDXCHANGE HOLDINGS INC451,998$4.5Mshares
FYBRFRONTIER COMMUNICATIONS PARE85,726$3.2Mshares
VALEVALE S A200,000$2.17Mshares
NEMNEWMONT CORP20,000$1.69Mshares
EWWISHARES INC22,000$1.5Mshares
SBSCOMPANHIA DE SANEAMENTO BASI60,000$1.49Mshares
URAGLOBAL X FDS28,781$1.37Mshares
KVUEKENVUE INC65,000$1.05Mshares
TIGOMILLICOM INTL CELLULAR S A20,862$1.01Mshares
SCCOSOUTHERN COPPER CORP8,300$1.01Mshares
STATE STR SPDR DOW JONES INDSTATE STR SPDR DOW JONES IND3,910$958Kcall
BBDBANCO BRADESCO S A216,955$733Kshares
KRANESHARES TRUSTKRANESHARES TRUST12,800$488Kcall
GLOBAL X FDSGLOBAL X FDS5,000$424Kcall
COINBASE GLOBAL INCCOINBASE GLOBAL INC350$420Kcall
RIOT PLATFORMS INCRIOT PLATFORMS INC2,800$290Kcall
SPDR SERIES TRUSTSPDR SERIES TRUST16,675$167Kcall

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001622610-26-000002 base2026-02-13acceptance time not in the bulk data set