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BW Gestao de Investimentos Ltda.

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13F filer, CIK 1568280, SAO PAULO, Brazil

BW Gestao de Investimentos Ltda. reported $3,181,660,306 across 103 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 45.83% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001568280-25-000003

Period
2025-03-31
Reported value
$3.18B
Holdings
103
Top 10 weight
45.83%
New
43
Sold out
69

Largest buys vs the previous quarter

SecurityShares changeApprox. value
EWZadded+1,740,000$45M
ORCLnew+300,480$42M
TLNadded+129,002$25.8M
FOURadded+267,715$21.9M
CPRIadded+1,050,000$20.7M

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
IVVexited-2,171,290-$1.28B
MDYexited-221,400-$126M
XLVreduced-225,000-$32.9M
SPYexited-30,000-$17.6M
STNEexited-1,849,325-$14.7M

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, Q1 2025

Share positions as resolved from 13F-HR 0001568280-25-000003, largest first. % of portfolio is the value over $883,767,200, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
THCTENET HEALTHCARE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 293,816 shares; 2024Q4: 440,218 shares; 2025Q1: 529,785 shares 529,785$71.3M8.06%+89,567Timeline
EWZISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 760,000 shares; 2025Q1: 2,500,000 shares 2,500,000$64.6M7.31%+1,740,000Timeline
RBARB GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 454,940 shares; 2024Q4: 431,685 shares; 2025Q1: 550,298 shares 550,298$55.2M6.25%+118,613Timeline
ORCLORACLE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 79,531 shares; 2024Q4: not reported; 2025Q1: 300,480 shares 300,480$42M4.75%newTimeline
PRGOPERRIGO CO PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 518,595 shares; 2024Q4: 1,097,192 shares; 2025Q1: 1,298,444 shares 1,298,444$36.4M4.12%+201,252Timeline
TLNTALEN ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 32,756 shares; 2025Q1: 161,758 shares 161,758$32.3M3.65%+129,002Timeline
ECLECOLAB INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 53,455 shares; 2024Q4: 67,855 shares; 2025Q1: 111,505 shares 111,505$28.3M3.2%+43,650Timeline
FOURSHIFT4 PMTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 140,000 shares; 2024Q4: 68,285 shares; 2025Q1: 336,000 shares 336,000$27.5M3.11%+267,715Timeline
NTNXNUTANIX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 287,907 shares; 2024Q4: 236,071 shares; 2025Q1: 354,807 shares 354,807$24.8M2.8%+118,736Timeline
CPRICAPRI HOLDINGS LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 362,420 shares; 2024Q4: 102,420 shares; 2025Q1: 1,152,420 shares 1,152,420$22.7M2.57%+1,050,000Timeline
GLOBGLOBANT S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 132,000 shares; 2024Q4: 118,100 shares; 2025Q1: 183,200 shares 183,200$21.6M2.44%+65,100Timeline
ALITALIGHT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,829,638 shares; 2025Q1: 3,592,127 shares 3,592,127$21.3M2.41%+762,489Timeline
VSTVISTRA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 173,490 shares 173,490$20.4M2.31%newTimeline
GTGOODYEAR TIRE & RUBR COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 893,370 shares; 2025Q1: 2,125,666 shares 2,125,666$19.6M2.22%+1,232,296Timeline
AERAERCAP HOLDINGS NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 279,045 shares; 2024Q4: 279,045 shares; 2025Q1: 189,045 shares 189,045$19.3M2.19%-90,000Timeline
BXBLACKSTONE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 81,866 shares; 2024Q4: 20,166 shares; 2025Q1: 120,716 shares 120,716$16.9M1.91%+100,550Timeline
CROXCROCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 26,593 shares; 2024Q4: 116,593 shares; 2025Q1: 154,131 shares 154,131$16.4M1.85%+37,538Timeline
BIRKBIRKENSTOCK HOLDING PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 199,425 shares; 2024Q4: 401,734 shares; 2025Q1: 348,225 shares 348,225$16M1.81%-53,509Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 95,200 shares 95,200$15.8M1.79%newTimeline
CINTCI&T INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,235,212 shares; 2024Q4: 2,699,741 shares; 2025Q1: 2,639,839 shares 2,639,839$15.8M1.78%-59,902Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 27,823 shares; 2024Q4: 42,252 shares; 2025Q1: 40,106 shares 40,106$15.1M1.7%-2,146Timeline
APGAPI GROUP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 399,230 shares 399,230$14.3M1.62%newTimeline
NOGNORTHERN OIL & GAS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 467,641 shares 467,641$14.1M1.6%newTimeline
CLVTCLARIVATE PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,036,233 shares; 2024Q4: 3,273,175 shares; 2025Q1: 3,273,175 shares 3,273,175$12.9M1.46%0Timeline
KWEBKRANESHARES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 339,000 shares 339,000$11.8M1.34%newTimeline
PENNPENN ENTERTAINMENT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 700,000 shares 700,000$11.4M1.29%newTimeline
EQHEQUITABLE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 216,943 shares 216,943$11.3M1.28%newTimeline
PATHUIPATH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,067,700 shares 1,067,700$11M1.24%newTimeline
CALFPACER FDS TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 680,973 shares; 2024Q4: 414,266 shares; 2025Q1: 291,259 shares 291,259$10.9M1.24%-123,007Timeline
RRYDER SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 41,445 shares; 2025Q1: 75,054 shares 75,054$10.8M1.22%+33,609Timeline
CVSCVS HEALTH CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 180,000 shares; 2025Q1: 150,000 shares 150,000$10.2M1.15%-30,000Timeline
GFRGREENFIRE RES LTD NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 659,819 shares; 2024Q4: 930,592 shares; 2025Q1: 1,683,625 shares 1,683,625$9.88M1.12%+753,033Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 34,520 shares; 2024Q4: 59,119 shares; 2025Q1: 50,682 shares 50,682$9.64M1.09%-8,437Timeline
CZRCAESARS ENTERTAINMENT INC NEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 164,096 shares; 2024Q4: 234,096 shares; 2025Q1: 364,096 shares 364,096$9.1M1.03%+130,000Timeline
ALBALBEMARLE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 90,120 shares; 2024Q4: 70,530 shares; 2025Q1: 116,733 shares 116,733$8.41M0.95%+46,203Timeline
DECKDECKERS OUTDOOR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 72,800 shares 72,800$8.14M0.92%newTimeline
WCNWASTE CONNECTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 41,461 shares; 2024Q4: 54,921 shares; 2025Q1: 38,706 shares 38,706$7.56M0.85%-16,215Timeline
COPXGLOBAL X FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 190,001 shares 190,001$7.42M0.84%newTimeline
AMTMAMENTUM HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 394,400 shares 394,400$7.18M0.81%newTimeline
GDXVANECK ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 152,000 shares 152,000$6.99M0.79%newTimeline
EPAMEPAM SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 41,300 shares 41,300$6.97M0.79%newTimeline
EQTEQT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 113,366 shares; 2025Q1: 114,001 shares 114,001$6.09M0.69%+635Timeline
TSLATESLA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 19,700 shares 19,700$5.11M0.58%newTimeline
GAPGAP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 151,713 shares; 2025Q1: 227,713 shares 227,713$4.69M0.53%+76,000Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 18,876 shares; 2024Q4: 16,245 shares; 2025Q1: 29,571 shares 29,571$4.57M0.52%+13,326Timeline
AVGOBROADCOM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 22,801 shares; 2025Q1: 22,800 shares 22,800$3.82M0.43%-1Timeline
TECKTECK RESOURCES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 105,000 shares; 2024Q4: 69,010 shares; 2025Q1: 103,990 shares 103,990$3.79M0.43%+34,980Timeline
CCLCARNIVAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 190,001 shares 190,001$3.71M0.42%newTimeline
SQMSOCIEDAD QUIMICA Y MINERA DEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 80,000 shares 80,000$3.18M0.36%newTimeline
APPAPPLOVIN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 19,000 shares; 2025Q1: 11,400 shares 11,400$3.02M0.34%-7,600Timeline
SHWSHERWIN WILLIAMS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,967 shares; 2024Q4: 8,164 shares; 2025Q1: 8,164 shares 8,164$2.85M0.32%0Timeline
XPXP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 200,000 shares 200,000$2.75M0.31%newTimeline
IGVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 30,000 shares 30,000$2.67M0.3%newTimeline
YUMYUM BRANDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 31,400 shares; 2025Q1: 15,700 shares 15,700$2.47M0.28%-15,700Timeline
EATBRINKER INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 15,200 shares 15,200$2.27M0.26%newTimeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 22,738 shares; 2025Q1: 3,801 shares 3,801$2.19M0.25%-18,937Timeline
NRGNRG ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 22,800 shares 22,800$2.18M0.25%newTimeline
SESEA LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 15,200 shares 15,200$1.98M0.22%newTimeline
CMGCHIPOTLE MEXICAN GRILL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 39,000 shares; 2025Q1: 39,000 shares 39,000$1.96M0.22%0Timeline
CLSCELESTICA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 48,800 shares; 2024Q4: 60,742 shares; 2025Q1: 22,800 shares 22,800$1.8M0.2%-37,942Timeline
SCISERVICE CORP INTLQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 22,300 shares; 2025Q1: 22,300 shares 22,300$1.79M0.2%0Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,966 shares; 2024Q4: 7,966 shares; 2025Q1: 7,966 shares 7,966$1.77M0.2%0Timeline
XLVSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 236,292 shares; 2025Q1: 11,292 shares 11,292$1.65M0.19%-225,000Timeline
LOWLOWES COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,725 shares; 2024Q4: 6,965 shares; 2025Q1: 6,965 shares 6,965$1.62M0.18%0Timeline
ONONON HLDG AGQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 30,400 shares 30,400$1.34M0.15%newTimeline
MUSAMURPHY USA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,800 shares; 2025Q1: 2,800 shares 2,800$1.32M0.15%0Timeline
ECECOPETROL S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 114,000 shares 114,000$1.19M0.13%newTimeline
ARKKARK ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 24,667 shares 24,667$1.17M0.13%newTimeline
HRBBLOCK H & R INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 20,100 shares; 2025Q1: 20,100 shares 20,100$1.1M0.12%0Timeline
VISTVISTA ENERGY S.A.B. DE C.V.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 30,132 shares; 2025Q1: 22,532 shares 22,532$1.05M0.12%-7,600Timeline
WENWENDYS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 69,000 shares; 2025Q1: 69,000 shares 69,000$1.01M0.11%0Timeline
UALUNITED AIRLS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 20,500 shares; 2024Q4: not reported; 2025Q1: 11,400 shares 11,400$787K0.09%newTimeline
MPTMEDICAL PROPERTIES TRUST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 120,000 shares 120,000$724K0.08%newTimeline
CENXCENTURY ALUM COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 38,001 shares 38,001$705K0.08%newTimeline
SRADSPORTRADAR GROUP AGQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 30,400 shares 30,400$657K0.07%newTimeline
EDNEMPRESA DIST Y COMERCIAL NORQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 18,400 shares 18,400$562K0.06%newTimeline
BANCOLOMBIA S ABANCOLOMBIA S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 12,634 shares 12,634$508K0.06%new
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,700 shares; 2024Q4: 60,800 shares; 2025Q1: 3,800 shares 3,800$412K0.05%-57,000Timeline
VTEXVTEXQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 53,300 shares; 2025Q1: 53,300 shares 53,300$270K0.03%0Timeline

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
SPYSTATE STR SPDR S&P 500 ETF T SHSput1,050,000$587M+625,000
SPYSTATE STR SPDR S&P 500 ETF T SHScall770,000$431Mnew
QQQINVESCO QQQ TR COMput550,000$258M+430,000
IWMISHARES TR SHSput1,100,000$219M+200,000
QQQINVESCO QQQ TR COMcall450,000$211Mnew
FEZSPDR INDEX SHS FDS EURO STOXX 50put1,500,000$81.6Mnew
IWMISHARES TR SHScall400,000$79.8M+305,000
HYGISHARES TR IBOXX HI YD ETFput1,000,000$78.9M+700,000
RSPINVESCO EXCHANGE TRADED FD T COMput406,200$70.4M+306,200
EWZISHARES INC MSCI BRAZIL ETFcall2,000,000$51.7M-4,697,800
ARKKARK ETF TR INNOVATION ETFcall1,000,000$47.6Mnew
FOURSHIFT4 PMTS INC Stockcall450,000$36.8Mnew
ORCLORACLE CORP COMcall240,000$33.6Mnew
AERAERCAP HOLDINGS NV Stockcall200,000$20.4Mnew
NTNXNUTANIX INC Stockcall250,000$17.5Mnew
THCTENET HEALTHCARE CORP Stockcall100,000$13.4M-130,000
GTGOODYEAR TIRE & RUBR CO COMcall1,300,000$12M+500,000
VSTVISTRA CORP Stockcall100,000$11.7Mnew
TSLATESLA INC COMput43,500$11.3M+23,500
PENNPENN ENTERTAINMENT INC Stockcall600,000$9.79Mnew
ALITALIGHT INC COM CL Acall1,000,000$5.93Mnew
VSXYVICTORIAS SECRET AND CO Stockcall200,000$3.72Mnew
CPRICAPRI HOLDINGS LIMITED SHScall150,000$2.96M-850,000
SGMLSIGMA LITHIUM CORPORATION Stockcall232,300$2.42M-929,000

Sold out in Q1 2025

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

SecurityShares beforeValue beforeType
IVVISHARES TR2,171,290$1.28Bshares
MDYSTATE STR SPDR S&P MIDCAP 40221,400$126Mshares
RSPINVESCO EXCHANGE TRADED FD T300,000$52.6Mcall
EWZISHARES INC1,817,800$40.9Mput
MSTRSTRATEGY INC115,000$33.3Mput
ITBISHARES TR300,000$31Mput
SPYSTATE STR SPDR S&P 500 ETF T30,000$17.6Mshares
ARKKARK ETF TR300,000$17Mput
STNESTONECO LTD1,849,325$14.7Mshares
CROXCROCS INC100,000$11Mcall
PMPHILIP MORRIS INTL INC66,000$7.94Mshares
HOODROBINHOOD MKTS INC200,000$7.45Mput
COPCONOCOPHILLIPS75,010$7.44Mshares
CSCOCISCO SYS INC113,268$6.71Mshares
GEGE AEROSPACE37,982$6.34Mshares
RYROYAL BK CDA51,800$6.24Mshares
BPBP PLC200,000$5.91Mshares
ELFE L F BEAUTY INC45,316$5.69Mshares
MRVLMARVELL TECHNOLOGY INC45,600$5.04Mshares
EXEEXPAND ENERGY CORPORATION45,332$4.51Mshares
ADBEADOBE INC10,000$4.45Mshares
UBERUBER TECHNOLOGIES INC70,000$4.22Mshares
HWMHOWMET AEROSPACE INC37,840$4.14Mshares
ULTAULTA BEAUTY INC9,500$4.13Mshares
BTDRBITDEER TECHNOLOGIES GROUP188,692$4.09Mshares
BLMNBLOOMIN BRANDS INC332,060$4.05Mshares
ISRGINTUITIVE SURGICAL INC7,578$3.96Mshares
FLUTFLUTTER ENTMT PLC15,128$3.91Mshares
VRTXVERTEX PHARMACEUTICALS INC9,472$3.81Mshares
RDDTREDDIT INC22,800$3.73Mshares
PHPARKER-HANNIFIN CORP5,750$3.66Mshares
ANETARISTA NETWORKS INC30,400$3.36Mshares
AMBPARDAGH METAL PACKAGING S A1,097,120$3.3Mshares
WPMWHEATON PRECIOUS METALS CORP55,000$3.09Mshares
RIOTRIOT PLATFORMS INC301,786$3.08Mshares
USFDUS FOODS HLDG CORP45,600$3.08Mshares
PLNTPLANET FITNESS MASTER ISSUER30,000$2.97Mshares
LLYELI LILLY & CO3,800$2.93Mshares
PLTRPALANTIR TECHNOLOGIES INC38,000$2.87Mshares
BSXBOSTON SCIENTIFIC CORP30,250$2.7Mshares
TMUST-MOBILE US INC11,278$2.49Mshares
HPEHEWLETT PACKARD ENTERPRISE C113,366$2.42Mshares
CRSCARPENTER TECHNOLOGY CORP14,000$2.38Mshares
NOVTNOVANTA INC15,164$2.32Mshares
ATIATI INC42,000$2.31Mshares
ETRENTERGY CORP NEW30,342$2.3Mshares
AALAMERICAN AIRLINES GROUP INC127,500$2.22Mshares
MPMP MATERIALS CORP133,000$2.07Mshares
DPZDOMINOS PIZZA INC4,905$2.06Mshares
CNICANADIAN NATL RY CO20,000$2.03Mshares
UECURANIUM ENERGY CORP300,000$2.01Mshares
PPLPPL CORP57,000$1.85Mshares
CCICROWN CASTLE INC18,878$1.71Mshares
LUVSOUTHWEST AIRLS CO48,500$1.63Mshares
XELXCEL ENERGY INC22,748$1.54Mshares
NINISOURCE INC37,922$1.39Mshares
ARANTERO RESOURCES CORP37,999$1.33Mshares
RGLDROYAL GOLD INC10,000$1.32Mshares
DALDELTA AIR LINES INC20,700$1.25Mshares
NXENEXGEN ENERGY LTD150,000$990Kput
IRENIREN LIMITED75,561$742Kshares
RRCRANGE RES CORP18,999$684Kshares
SRESEMPRA7,582$665Kshares
WINGWINGSTOP INC1,918$545Kshares
TACTRANSALTA CORP37,980$537Kshares
MTRNMATERION CORP5,000$494Kshares
HLHECLA MINING COMPANY100,000$491Kshares
CCJCAMECO CORP7,332$377Kshares
WULFTERAWULF INC37,598$213Kshares

How Q1 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 0001568280-25-000003 base2025-05-15acceptance time not in the bulk data set