BTG Pactual Asset Management US LLC
Follow13F filer, CIK 1569579, NEW YORK, NY
BTG Pactual Asset Management US LLC reported $1,027,046,458 across 243 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 45.15% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001569579-26-000001
- Period
- 2025-12-31
- Reported value
- $1.03B
- Holdings
- 243
- Top 10 weight
- 45.15%
- New
- 118
- Sold out
- 123
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| EVRGnew | +178,628 | $12.9M |
| DTEnew | +92,354 | $11.9M |
| WECnew | +104,975 | $11.1M |
| BRK-Badded | +17,183 | $8.64M |
| OGEadded | +185,858 | $7.94M |
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
| Security | Shares change | Approx. value |
|---|---|---|
| SPYreduced | -29,383 | -$20M |
| IWFreduced | -27,252 | -$11.6M |
| CYBERARK SOFTWARE LTD/ISRAELexited | -18,437 | -$8.91M |
| LNTexited | -121,268 | -$8.17M |
| MSFTreduced | -14,773 | -$7.14M |
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.
Back to all 221 share positions
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).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| HYGISHARES TR IBOXX HI YD ETF | put | 800,000 | $64.5M | new |
| SPYSTATE STR SPDR S&P 500 ETF T SHS | put | 23,200 | $15.8M | -50,300 |
| BABOEING CO COM | put | 28,300 | $6.14M | new |
| BABOEING CO COM | call | 28,300 | $6.14M | new |
| QQQINVESCO QQQ TR COM | put | 10,000 | $6.14M | new |
| METAMETA PLATFORMS INC COM | put | 6,700 | $4.42M | new |
| METAMETA PLATFORMS INC COM | call | 6,700 | $4.42M | new |
| GMGENERAL MTRS CO Stock | put | 51,200 | $4.16M | new |
| GMGENERAL MTRS CO Stock | call | 51,200 | $4.16M | new |
| QQQINVESCO QQQ TR COM | call | 5,000 | $3.07M | new |
| GLDSPDR GOLD TR GOLD SHS | call | 6,800 | $2.69M | new |
| SMHVANECK ETF TRUST COM | put | 5,000 | $1.8M | new |
| WBDWARNER BROS DISCOVERY INC Stock | call | 50,000 | $1.44M | new |
| APPAPPLOVIN CORP Stock | put | 800 | $539K | new |
| GLDSPDR GOLD TR GOLD SHS | put | 800 | $317K | new |
| BRK-BBERKSHIRE HATHAWAY INC DEL COM | put | 600 | $302K | new |
| BRK-BBERKSHIRE HATHAWAY INC DEL COM | call | 600 | $302K | new |
| IWMISHARES TR SHS | put | 1,000 | $246K | new |
| IWMISHARES TR SHS | call | 1,000 | $246K | -23,000 |
| AMGNAMGEN INC COM | put | 300 | $98.2K | new |
| AMGNAMGEN INC COM | call | 300 | $98.2K | new |
Principal amounts
Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| KOSMOS ENERGY LTDKOSMOS ENERGY LTD NOTE 3.125% 3/1 | principal | 15,705,000 | $6.73M | +5,000,000 |
Sold out in Q4 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| SPYSTATE STR SPDR S&P 500 ETF T | 1,642,700 | $1.09B | call |
| HUTHUT 8 CORP | 975,000 | $33.9M | call |
| IRENIREN LIMITED | 690,000 | $32.4M | call |
| CIFRCIPHER DIGITAL INC | 2,400,000 | $30.2M | call |
| AAPLAPPLE INC | 41,500 | $10.6M | put |
| AAPLAPPLE INC | 41,500 | $10.6M | call |
| CYBERARK SOFTWARE LTD/ISRAELCYBERARK SOFTWARE LTD/ISRAEL | 18,437 | $8.91M | shares |
| LNTALLIANT ENERGY CORP | 121,268 | $8.17M | shares |
| KKELLANOVA | 82,811 | $6.79M | shares |
| KKELLANOVA | 80,000 | $6.56M | put |
| KWEBKRANESHARES TRUST | 150,000 | $6.3M | call |
| FYBRFRONTIER COMMUNICATIONS PARE | 144,348 | $5.39M | shares |
| AWKAMERICAN WTR WKS CO INC NEW | 25,265 | $3.52M | shares |
| KMIKINDER MORGAN INC DEL | 95,896 | $2.71M | shares |
| NEENEXTERA ENERGY INC | 34,432 | $2.6M | shares |
| SRESEMPRA | 28,143 | $2.53M | shares |
| OKEONEOK INC NEW | 30,478 | $2.22M | shares |
| FEFIRSTENERGY CORP | 48,336 | $2.21M | shares |
| JBSJBS N.V. | 145,953 | $2.18M | shares |
| BMOBANK OF MONTREAL | 16,220 | $2.11M | shares |
| ESEVERSOURCE ENERGY | 28,414 | $2.02M | shares |
| EWTISHARES INC | 29,000 | $1.84M | put |
| EWTISHARES INC | 29,000 | $1.84M | call |
| SUSUNCOR ENERGY INC NEW | 39,773 | $1.66M | shares |
| WTRGESSENTIAL UTILS INC | 40,112 | $1.6M | shares |
| SPRSPIRIT AEROSYSTEMS HLDGS INC | 32,400 | $1.25M | shares |
| STNESTONECO LTD | 65,792 | $1.24M | shares |
| PSXPHILLIPS 66 | 9,011 | $1.23M | shares |
| KWEBKRANESHARES TRUST | 27,762 | $1.17M | shares |
| XOMEXXON MOBIL CORP | 10,023 | $1.13M | shares |
| ARANTERO RESOURCES CORP | 33,375 | $1.12M | shares |
| NINISOURCE INC | 23,650 | $1.02M | shares |
| DDDUPONT DE NEMOURS INC | 13,086 | $1.02M | shares |
| ARGTGLOBAL X FDS | 13,500 | $942K | call |
| TZADIREXION SHARES ETF TRUST | 29,000 | $882K | shares |
| FCXFREEPORT MCMORAN INC | 22,233 | $872K | shares |
| XHBSPDR SERIES TRUST | 7,342 | $813K | shares |
| ACWIISHARES TR | 5,930 | $796K | shares |
| SBLKSTAR BULK CARRIERS CORP. | 41,306 | $768K | shares |
| DTMDT MIDSTREAM INC | 6,789 | $768K | shares |
| IWMISHARES TR | 2,780 | $673K | shares |
| EQTEQT CORP | 12,000 | $653K | call |
| VISTVISTA ENERGY S.A.B. DE C.V. | 17,561 | $604K | shares |
| TFCTRUIST FINL CORP | 12,835 | $587K | shares |
| MTBM & T BK CORP | 2,956 | $584K | shares |
| HBANHUNTINGTON BANCSHARES INC | 33,644 | $581K | shares |
| SPSMSPDR SERIES TRUST | 14,746 | $580K | shares |
| RFREGIONS FINANCIAL CORP NEW | 21,784 | $574K | shares |
| Surmodics IncSurmodics Inc | 14,944 | $447K | shares |
| TSLATESLA INC | 816 | $363K | shares |
| SMHVANECK ETF TRUST | 1,001 | $327K | shares |
| IGIBISHARES TR | 5,942 | $317K | shares |
| AAXJISHARES TR | 3,765 | $311K | shares |
| TECSDIREXION SHARES ETF TRUST | 14,200 | $275K | shares |
| KKRKKR & CO INC | 2,020 | $262K | shares |
| SQQQProShares UltraPro Short QQQ | 14,600 | $260K | shares |
| EQIXEQUINIX INC | 328 | $258K | shares |
| HYEMVANECK ETF TRUST | 12,821 | $254K | shares |
| PFEPFIZER INC | 10,314 | $250K | shares |
| RTXRTX CORPORATION | 1,478 | $247K | shares |
| MDYSTATE STR SPDR S&P MIDCAP 40 | 410 | $219K | shares |
| ESLTELBIT SYS LTD | 410 | $208K | shares |
| STZCONSTELLATION BRANDS INC | 1,087 | $202K | shares |
| IYHISHARES TR | 3,530 | $199K | shares |
| HDVISHARES TR | 1,672 | $196K | shares |
| JEPIJ P MORGAN EXCHANGE TRADED F | 3,259 | $185K | shares |
| SCSSTEELCASE INC-CLASS A | 10,000 | $172K | shares |
| TKTEEKAY CORPORATION LTD | 20,430 | $169K | shares |
| USMVISHARES TR | 1,760 | $165K | shares |
| SOXSDIREXION DAILY SEMI BEAR 3X | 31,900 | $165K | shares |
| EWYISHARES INC | 2,291 | $164K | shares |
| VCRVANGUARD WORLD FD | 440 | $159K | shares |
| JNKSPDR SERIES TRUST | 1,636 | $159K | shares |
| SGMLSIGMA LITHIUM CORPORATION | 11,150 | $153K | shares |
| STLASTELLANTIS N.V | 14,995 | $138K | shares |
| IYFISHARES TR | 1,108 | $134K | shares |
| PFFISHARES TR | 4,223 | $130K | shares |
| APLEAPPLE HOSPITALITY REIT INC | 10,515 | $126K | shares |
| BKLNINVESCO EXCH TRADED FD TR II | 5,870 | $123K | shares |
| IWBISHARES TR | 353 | $120K | shares |
| VOOVANGUARD INDEX FDS | 211 | $120K | shares |
| VDEVANGUARD WORLD FD | 967 | $115K | shares |
| XMESPDR SERIES TRUST | 1,225 | $114K | shares |
| WENWENDYS CO | 12,370 | $113K | shares |
| XLUSELECT SECTOR SPDR TR | 1,263 | $110K | shares |
| SPXSDIREXION SHARES ETF TRUST | 5,780 | $92.9K | shares |
| QUALISHARES TR | 492 | $89.9K | shares |
| PFFAETFIS SER TR I | 4,136 | $86.2K | shares |
| XLISELECT SECTOR SPDR TR | 558 | $86.1K | shares |
| XLKSELECT SECTOR SPDR TR | 282 | $75.2K | shares |
| IEVISHARES TR | 988 | $62.5K | shares |
| XLYSELECT SECTOR SPDR TR | 238 | $57K | shares |
| AMZAETFIS SER TR I | 1,045 | $45.3K | shares |
| VPLVANGUARD INTL EQUITY INDEX F | 481 | $39.5K | shares |
| ENFRALPS ETF TR | 1,009 | $32.5K | shares |
| EEMISHARES TR | 571 | $30.5K | shares |
| GOVTISHARES TR | 1,180 | $27K | shares |
| IHAKISHARES TR | 500 | $26.6K | shares |
| IXCISHARES TR | 489 | $19.2K | shares |
| XLBSELECT SECTOR SPDR TR | 205 | $18K | shares |
| XLRESELECT SECTOR SPDR TR | 353 | $14.6K | shares |
| JPXNISHARES TR | 166 | $13.3K | shares |
| EZUISHARES INC | 213 | $12.7K | shares |
| IJRISHARES TR | 108 | $11.8K | shares |
| VXFVANGUARD INDEX FDS | 54 | $10.4K | shares |
| EFAISHARES TR | 110 | $9.83K | shares |
| GDXVANECK ETF TRUST | 126 | $9.54K | shares |
| JEPQJ P MORGAN EXCHANGE TRADED F | 172 | $9.36K | shares |
| KBESPDR SERIES TRUST | 128 | $7.14K | shares |
| SHYISHARES TR | 85 | $6.98K | shares |
| IJHISHARES TR | 105 | $6.51K | shares |
| MTUMISHARES TR | 24 | $5.91K | shares |
| BBAXJ P MORGAN EXCHANGE TRADED F | 108 | $5.89K | shares |
| IHEISHARES TR | 87 | $5.7K | shares |
| IJJISHARES TR | 40 | $4.94K | shares |
| IWRISHARES TR | 49 | $4.51K | shares |
| URAGLOBAL X FDS | 75 | $3.58K | shares |
| MCHIISHARES TR | 58 | $3.2K | shares |
| VOEVANGUARD INDEX FDS | 15 | $2.47K | shares |
| IWPISHARES TR | 11 | $1.52K | shares |
| EFAVISHARES TR | 12 | $1.01K | shares |
| TANINVESCO EXCH TRADED FD TR II | 19 | $651 | shares |
| IRENIREN LIMITED | 3 | $141 | shares |
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).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001569579-26-000001 | base | 2026-02-17 | acceptance time not in the bulk data set |