Itau Unibanco Holding S.A.

13F filer, CIK 1132597, SAO PAULO, Brazil

Itau Unibanco Holding S.A. reported $2,645,184,101 across 379 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-08. Its ten largest share positions make up 43.84% of the portfolio.

Filed 2025-08-08 (acceptance time not in the bulk data set), ingested 2026-10-07 18:23:11 UTC13F-HR 0001292814-25-002988

Period: 2025-06-30
Reported value: $2.65B
Holdings: 379
Top 10 weight: 43.84%
New: 52
Sold out: 71

Part of the filer group Itau Unibanco Holding S.A.

Itau USA Asset Management Inc.

How groups are built

Largest buys vs the previous quarter

Security	Shares change	Approx. value
PXHnew	+2,925,998	$68.4M
SPYadded	+66,324	$41M
VALEadded	+3,883,062	$37.7M
LATAM AIRLS GROUP S Anew	+787,096	$32M
NUnew	+2,904,400	$29.7M

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

Security	Shares change	Approx. value
GOVTreduced	-3,764,567	-$86.5M
PBR-Areduced	-6,149,336	-$71M
TLHreduced	-428,608	-$43.5M
NVDAreduced	-253,479	-$40M
TSLAreduced	-92,833	-$29.5M

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, Q2 2025

Share positions as resolved from 13F-HR 0001292814-25-002988, largest first. % of portfolio is the value over $2,630,151,135, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
SPYSTATE STR SPDR S&P 500 ETF T	512,201	$316M	12.03%	+66,324	Timeline
VOOVANGUARD INDEX FDS	356,717	$203M	7.7%	-36,923	Timeline
BBDBANCO BRADESCO S A	35,204,316	$109M	4.14%	+8,938,200	Timeline
ITUBITAU UNIBANCO HLDG S A	22,005,070	$93.4M	3.55%	+549,100	Timeline
XLFSELECT SECTOR SPDR TR	1,644,491	$86.1M	3.27%	+424,520	Timeline
PBRPETROLEO BRASILEIRO S A	5,664,002	$70.9M	2.69%	-483,011	Timeline
PBR-APETROLEO BRASILEIRO S A	6,084,144	$70.2M	2.67%	-6,149,336	Timeline
VALEVALE S A	7,069,889	$68.6M	2.61%	+3,883,062	Timeline
PXHINVESCO EXCH TRADED FD TR II	2,925,998	$68.4M	2.6%	new	Timeline
TLHISHARES TR	663,460	$67.4M	2.56%	-428,608	Timeline
BAPCREDICORP LTD	567,024	$66.9M	2.54%	-33,517	Timeline
EMBJEMBRAER S.A.	1,172,217	$66.7M	2.54%	+217,015	Timeline
VGKVANGUARD INTL EQUITY INDEX F	846,694	$65.6M	2.49%	+6,077	Timeline
EWJISHARES INC	787,562	$59M	2.24%	+4,252	Timeline
NVDANVIDIA CORPORATION	352,648	$55.7M	2.12%	-253,479	Timeline
TSMTAIWAN SEMICONDUCTOR MANUFAC	221,227	$50.1M	1.91%	-98,568	Timeline
MELIMERCADOLIBRE INC	18,310	$47.9M	1.82%	-6,722	Timeline
GGALGRUPO FINANCIERO GALICIA S.A	893,965	$45M	1.71%	+424,693	Timeline
AAPLAPPLE INC	216,423	$44.4M	1.69%	+27,513	Timeline
AMZNAMAZON COM INC	187,059	$41M	1.56%	-4,276	Timeline
METAMETA PLATFORMS INC	52,897	$39M	1.48%	-18,130	Timeline
GLDSPDR GOLD TR	127,811	$39M	1.48%	+77,573	Timeline
KOFCOCA-COLA FEMSA SAB DE CV	779,258	$35.8M	1.36%	-224,878	Timeline
FMXFOMENTO ECONOMICO MEXICANO S	613,888	$34.8M	1.32%	-498,148	Timeline
LATAM AIRLS GROUP S ALATAM AIRLS GROUP S A	787,096	$32M	1.22%	new
NUNU HLDGS LTD	2,904,400	$29.7M	1.13%	new	Timeline
IWFISHARES TR	68,130	$28.9M	1.1%	new	Timeline
NFLXNETFLIX INC.	21,299	$28.5M	1.08%	-2,750	Timeline
EFGISHARES TR	250,300	$28M	1.07%	new	Timeline
ACWXISHARES TR	454,513	$27.7M	1.05%	-200	Timeline
VISTVISTA ENERGY S.A.B. DE C.V.	550,435	$26.3M	1%	+429,740	Timeline
MSFTMICROSOFT CORP	50,073	$24.9M	0.95%	-20,876	Timeline
AVGOBROADCOM INC	79,329	$21.9M	0.83%	-13,552	Timeline
WMTWALMART INC	221,351	$21.6M	0.82%	+201,605	Timeline
PAMPAMPA ENERGIA SA	304,174	$21.1M	0.8%	+90,500	Timeline
GOVTISHARES TR	911,128	$20.9M	0.8%	-3,764,567	Timeline
CRWDCROWDSTRIKE HLDGS INC	38,472	$19.6M	0.74%	-8,142	Timeline
ASRGRUPO AEROPORTUARIO DEL SURE	110,227	$19.5M	0.74%	+107,463	Timeline
NOWSERVICENOW INC	18,848	$19.4M	0.74%	-1,891	Timeline
XLISELECT SECTOR SPDR TR	130,716	$19.3M	0.73%	+6,651	Timeline
SQMSOCIEDAD QUIMICA Y MINERA DE	919,538	$16.3M	0.62%	new	Timeline
PYPLPAYPAL HLDGS INC	201,779	$15M	0.57%	+199,911	Timeline
TIGOMILLICOM INTL CELLULAR S A	703,267	$13.9M	0.53%	+242,569	Timeline
GGBGERDAU SA	4,036,600	$11.8M	0.45%	+1,358,300	Timeline
STNESTONECO LTD	718,893	$11.5M	0.44%	+451,265	Timeline
XLESELECT SECTOR SPDR TR	134,288	$11.4M	0.43%	+66,950	Timeline
SBSCOMPANHIA DE SANEAMENTO BASI	494,142	$10.9M	0.41%	-85,347	Timeline
XLYSELECT SECTOR SPDR TR	49,483	$10.8M	0.41%	-81,018	Timeline
GOOGLALPHABET INC	57,934	$10.2M	0.39%	+10,941	Timeline
MUMICRON TECHNOLOGY INC	82,432	$10.2M	0.39%	new	Timeline
XLBSELECT SECTOR SPDR TR	105,301	$9.25M	0.35%	-14,008	Timeline
BABAALIBABA GROUP HLDG LTD	77,493	$8.79M	0.33%	+29,160	Timeline
TBBBBBB FOODS INC	610,934	$8.16M	0.31%	-100,808	Timeline
TSLATESLA INC	24,840	$7.89M	0.3%	-92,833	Timeline
XLCSELECT SECTOR SPDR TR	62,798	$6.82M	0.26%	-176,247	Timeline
TIMBTIM S A	337,616	$6.79M	0.26%	-707,700	Timeline
EWZISHARES INC	232,537	$6.71M	0.26%	new	Timeline
SLVISHARES SILVER TR	69,026	$6.6M	0.25%	new	Timeline
SUZSUZANO S A	870,012	$6.4M	0.24%	0	Timeline
DELL TECHNOLOGIES INC CLASS…DELL TECHNOLOGIES INC CLASS CLASS…	51,255	$6.29M	0.24%	+47,855
COINCOINBASE GLOBAL INC	17,678	$6.2M	0.24%	+14,878	Timeline
JPMJPMORGAN CHASE & CO	20,255	$5.87M	0.22%	-139	Timeline
AMDADVANCED MICRO DEVICES INC	36,000	$5.11M	0.19%	+30,779	Timeline
KSPIKASPI KZ JSC	55,503	$4.71M	0.18%	+13,574	Timeline
BKRBAKER HUGHES COMPANY	119,459	$4.58M	0.17%	+12,013	Timeline
DBAINVESCO DB MULTI-SECTOR COMM	168,400	$4.4M	0.17%	+2,200	Timeline
PLTRPALANTIR TECHNOLOGIES INC	31,611	$4.31M	0.16%	+29,814	Timeline
BCHBANCO DE CHILE	344,373	$4.1M	0.16%	-92,965	Timeline
GOOGALPHABET INC	22,571	$4.02M	0.15%	-11,462	Timeline
KDPKEURIG DR PEPPER INC	111,751	$3.82M	0.15%	0	Timeline
ONON SEMICONDUCTOR CORP	72,000	$3.77M	0.14%	new	Timeline
TLTISHARES TR	40,000	$3.53M	0.13%	+30,000	Timeline
NEENEXTERA ENERGY INC	50,813	$3.53M	0.13%	-11,775	Timeline
DBX ETF TRDBX ETF TR	127,839	$3.52M	0.13%	-136,161
INTCINTEL CORP	156,162	$3.5M	0.13%	-12,912	Timeline
HOODROBINHOOD MKTS INC	36,778	$3.44M	0.13%	+30,906	Timeline
BBYBEST BUY INC	50,481	$3.39M	0.13%	-25,827	Timeline
BURLBURLINGTON STORES INC	14,140	$3.37M	0.13%	0	Timeline
RTXRTX CORPORATION	24,293	$3.22M	0.12%	0	Timeline
IYRISHARES TR	32,786	$3.11M	0.12%	-56,469	Timeline
XLKSELECT SECTOR SPDR TR	11,931	$3.02M	0.11%	-28,889	Timeline
NOCNORTHROP GRUMMAN CORP	6,011	$3.01M	0.11%	+2,180	Timeline
ETNEATON CORP PLC	8,242	$2.94M	0.11%	-7,838	Timeline
RSPINVESCO EXCHANGE TRADED FD T	15,226	$2.77M	0.11%	-17,874	Timeline
HDHOME DEPOT INC	7,306	$2.68M	0.1%	0	Timeline
BJBJS WHSL CLUB HLDGS INC	22,010	$2.51M	0.1%	0	Timeline
ALGMALLEGRO MICROSYSTEMS INC	70,000	$2.39M	0.09%	new	Timeline
UNHUNITEDHEALTH GROUP INC	7,555	$2.36M	0.09%	new	Timeline
NBISNEBIUS GROUP N.V.	42,000	$2.32M	0.09%	new	Timeline
JBSJBS N.V.	181,570	$2.3M	0.09%	new	Timeline
CRWVCOREWEAVE INC	14,000	$2.28M	0.09%	new	Timeline
VVISA INC	6,312	$2.24M	0.09%	-164	Timeline
FXIISHARES TR	57,500	$2.11M	0.08%	new	Timeline
KKRKKR & CO INC	15,599	$2.08M	0.08%	-3,315	Timeline
PEGPUBLIC SVC ENTERPRISE GROUP	24,166	$2.03M	0.08%	+875	Timeline
ABBVABBVIE INC	10,831	$2.01M	0.08%	+411	Timeline
SPGIS&P GLOBAL INC	3,800	$2M	0.08%	new	Timeline
ADBEADOBE INC	5,156	$1.99M	0.08%	-1,038	Timeline
CAGCONAGRA BRANDS INC	73,905	$1.97M	0.07%	0	Timeline
COMPANHIA PARANAENSE ENERG CCOMPANHIA PARANAENSE ENERG C	385,015	$1.97M	0.07%	-128,240
CRMSALESFORCE INC	7,110	$1.94M	0.07%	-5,059	Timeline
CIGCIA ENERGETICA DE MINAS GERA	987,314	$1.94M	0.07%	-500,000	Timeline
NTRANATERA INC	11,040	$1.89M	0.07%	-6,593	Timeline
TXNTEXAS INSTRS INC	8,648	$1.8M	0.07%	new	Timeline
BMABANCO MACRO S A	25,310	$1.78M	0.07%	+9,260	Timeline
EEMISHARES TR	35,944	$1.73M	0.07%	-255,750	Timeline
XHBSPDR SERIES TRUST	17,490	$1.72M	0.07%	new	Timeline
TGSTRANSPORTADORA DE GAS DEL SU	65,251	$1.69M	0.06%	-23,235	Timeline
CEGCONSTELLATION ENERGY CORP	5,224	$1.69M	0.06%	-7,534	Timeline
CSGPCOSTAR GROUP INC	19,930	$1.6M	0.06%	-8,063	Timeline
XPXP INC	76,293	$1.54M	0.06%	new	Timeline
IVEISHARES TR	7,515	$1.47M	0.06%	-14,715	Timeline
MARVELL TECHNOLOGY GROUP LTDMARVELL TECHNOLOGY GROUP LTD	18,000	$1.39M	0.05%	+12,200
ARGTGLOBAL X FDS	16,282	$1.38M	0.05%	new	Timeline
NEMNEWMONT CORP	23,287	$1.36M	0.05%	+1,000	Timeline
LMTLOCKHEED MARTIN CORP	2,900	$1.34M	0.05%	new	Timeline
ONONON HLDG AG	29,392	$1.29M	0.05%	0	Timeline
KBKB FINL GROUP INC	15,158	$1.25M	0.05%	-204	Timeline
SESEA LTD	7,576	$1.21M	0.05%	-2,851	Timeline
GFIGOLD FIELDS LTD	49,575	$1.17M	0.04%	new	Timeline
BBARBANCO BBVA ARGENTINA S A	68,040	$1.12M	0.04%	-11,920	Timeline
ORCLORACLE CORP	8,000	$1.12M	0.04%	-2,600	Timeline
QUALISHARES TR	6,014	$1.1M	0.04%	+273	Timeline
EPIWISDOMTREE TR	22,000	$1.04M	0.04%	0	Timeline
CMFISHARES TR	18,342	$1.02M	0.04%	+10,259	Timeline
SPOTSPOTIFY TECHNOLOGY S A	1,807	$994K	0.04%	0	Timeline
EWWISHARES INC	19,210	$979K	0.04%	new	Timeline
TIPISHARES TR	7,790	$857K	0.03%	+4,024	Timeline
QXOQXO INC	39,000	$840K	0.03%	new	Timeline
SNOWSNOWFLAKE INC	3,754	$840K	0.03%	-650	Timeline
COFCAPITAL ONE FINL CORP	3,903	$830K	0.03%	new	Timeline
DDOGDATADOG INC	5,788	$778K	0.03%	-37	Timeline
CPACOPA HOLDINGS SA	7,000	$770K	0.03%	new	Timeline
DISDISNEY WALT CO	5,897	$731K	0.03%	-9,495	Timeline
IBNICICI BK LTD	20,346	$684K	0.03%	new	Timeline
OMABGRUPO AEROPORTUARIO DEL CENT	6,479	$684K	0.03%	-423	Timeline
DHRDANAHER CORP DEL	3,457	$673K	0.03%	+3,273	Timeline
MMYTMAKEMYTRIP LIMITED MAURITIUS	6,680	$655K	0.02%	new	Timeline
FOURSHIFT4 PMTS INC	6,600	$654K	0.02%	new	Timeline
SONYSONY GROUP CORP	25,097	$653K	0.02%	+2,517	Timeline
KBWBINVESCO EXCH TRADED FD TR II	9,000	$645K	0.02%	-66,455	Timeline
ZMZOOM COMMUNICATIONS INC	8,233	$642K	0.02%	+298	Timeline
ABNBAIRBNB INC	4,761	$625K	0.02%	+4,187	Timeline
RBARB GLOBAL INC	5,700	$605K	0.02%	new	Timeline
ALKALASKA AIR GROUP INC	12,000	$594K	0.02%	new	Timeline
KVUEKENVUE INC	27,500	$576K	0.02%	new	Timeline
KBESPDR SERIES TRUST	10,000	$558K	0.02%	new	Timeline
EVEXEVE HLDG INC	80,000	$549K	0.02%	+56,252	Timeline
AZNASTRAZENECA PLC-SPONS ADR	7,381	$516K	0.02%	+324	Timeline
GMFSPDR INDEX SHS FDS	4,000	$506K	0.02%	0	Timeline
IAUISHARES GOLD TR	8,029	$501K	0.02%	-4,345	Timeline
LYVLIVE NATION ENTERTAINMENT IN	3,200	$484K	0.02%	new	Timeline
VTEXVTEX	70,106	$464K	0.02%	new	Timeline
EROERO COPPER CORP	27,430	$462K	0.02%	0	Timeline
INFYINFOSYS LTD	24,782	$459K	0.02%	-1,395	Timeline
TEVATEVA PHARMACEUTICAL INDS LTD	27,000	$453K	0.02%	new	Timeline
HEPSD MARKET ELECTR SVCS & TRADI	166,330	$449K	0.02%	-19,777	Timeline
MSCIMSCI INC	730	$421K	0.02%	+249	Timeline
GDSGDS HLDGS LTD	13,438	$411K	0.02%	+1,526	Timeline
BGCBGC GROUP INC	40,000	$409K	0.02%	new	Timeline
MAMASTERCARD INCORPORATED	701	$394K	0.01%	-26,863	Timeline
PAGSPAGSEGURO DIGITAL LTD	50,749	$387K	0.01%	-237,292	Timeline
KOCOCA COLA CO	4,887	$346K	0.01%	-594	Timeline
METVLISTED FDS TR	20,200	$344K	0.01%	0	Timeline
JNJJOHNSON & JOHNSON	2,193	$335K	0.01%	-5	Timeline
UUNITY SOFTWARE INC	12,855	$311K	0.01%	+11,024	Timeline
MCHIISHARES TR	5,400	$298K	0.01%	0	Timeline
ZETAZETA GLOBAL HOLDINGS CORP	19,000	$294K	0.01%	new	Timeline
TLNTALEN ENERGY CORP	1,000	$291K	0.01%	-4,200	Timeline
GDGENERAL DYNAMICS CORP	965	$281K	0.01%	new	Timeline
GLOBGLOBANT S A	2,690	$244K	0.01%	new	Timeline
EWYISHARES INC	13,565	$234K	0.01%	+3,276	Timeline
BILIBILIBILI INC	10,000	$214K	0.01%	new	Timeline
GEGE AEROSPACE	911	$210K	0.01%	0	Timeline
RBLXROBLOX CORP	1,972	$207K	0.01%	-3,690	Timeline
EPPISHARES INC	4,000	$197K	0.01%	-5,050	Timeline
AXPAMERICAN EXPRESS CO	560	$179K	0.01%	-71	Timeline
BKNGBOOKING HOLDINGS INC	29	$168K	0.01%	-679	Timeline
CPNGCOUPANG INC	5,575	$167K	0.01%	+3,819	Timeline
MDLZMONDELEZ INTL INC	2,381	$162K	0.01%	0	Timeline
ADPAUTOMATIC DATA PROCESSING IN	460	$142K	0.01%	-56	Timeline
BEBLOOM ENERGY CORP	5,841	$140K	0.01%	-2,657	Timeline
BXBLACKSTONE INC	893	$134K	0.01%	-105	Timeline
PGRPROGRESSIVE CORP	491	$131K	<0.01%	-62	Timeline
BLDPBALLARD PWR SYS INC NEW	80,462	$128K	<0.01%	+31,141	Timeline
PANWPALO ALTO NETWORKS INC	586	$120K	<0.01%	-77	Timeline
QCOMQUALCOMM INC	747	$119K	<0.01%	-88	Timeline
CATCATERPILLAR INC	303	$118K	<0.01%	-34	Timeline
AMATAPPLIED MATLS INC	862	$116K	<0.01%	+158	Timeline
PDBCINVESCO ACTVELY MNGD ETC FD	8,763	$114K	<0.01%	new	Timeline
ANETARISTA NETWORKS INC	1,080	$110K	<0.01%	-130	Timeline
LAM RESEARCH CORPLAM RESEARCH CORP	1,450	$107K	<0.01%	-19,737
GTLSCHART INDS INC	641	$106K	<0.01%	+79	Timeline
APDAIR PRODUCTS AND CHEMICALS I	366	$103K	<0.01%	+62	Timeline
RIVNRIVIAN AUTOMOTIVE INC	7,461	$103K	<0.01%	-125	Timeline
ADSKAUTODESK INC	328	$102K	<0.01%	-24	Timeline
LINDE PLC/OLDLINDE PLC/OLD	215	$101K	<0.01%	+13
MCOMOODYS CORP	196	$98.3K	<0.01%	-29	Timeline
KLACKLA CORP	107	$95.8K	<0.01%	-15	Timeline
OLNOLIN CORP	4,747	$95.4K	<0.01%	+2,608	Timeline
FTITECHNIPFMC PLC	2,678	$92.2K	<0.01%	+81	Timeline
EQIXEQUINIX INC	115	$91.5K	<0.01%	+4	Timeline
FTNTFORTINET INC	820	$86.7K	<0.01%	-100	Timeline
CMICUMMINS INC	262	$85.8K	<0.01%	+56	Timeline
SHELSHELL PLC	1,199	$84.4K	<0.01%	+125	Timeline
APPAPPLOVIN CORP	240	$84K	<0.01%	-37	Timeline
Apollo Global ManagementApollo Global Management	590	$83.7K	<0.01%	-76
MCKMCKESSON CORP	113	$82.8K	<0.01%	-17	Timeline
EAELECTRONIC ARTS INC	518	$82.7K	<0.01%	-30	Timeline
LUCID GROUP INCLUCID GROUP INC	39,123	$82.5K	<0.01%	-456
CCCHEMOURS CO	7,149	$81.9K	<0.01%	+3,615	Timeline
HPEHEWLETT PACKARD ENTERPRISE C	3,910	$80K	<0.01%	+874	Timeline
FSLRFIRST SOLAR INC	391	$79.5K	<0.01%	+207	Timeline
JCIJOHNSON CONTROLS INTERNATION	749	$79.1K	<0.01%	-68	Timeline
LOWLOWES COS INC	352	$78.1K	<0.01%	-40	Timeline
WMWASTE MGMT INC DEL	337	$77.1K	<0.01%	-80	Timeline
WLKWESTLAKE CORPORATION	1,000	$75.9K	<0.01%	+466	Timeline
MMM3M CO	485	$73.8K	<0.01%	-59	Timeline
DASHDOORDASH INC	289	$71.2K	<0.01%	-44	Timeline
SNPSSYNOPSYS INC	138	$70.8K	<0.01%	-15	Timeline
MOALTRIA GROUP INC	1,179	$69.1K	<0.01%	-121	Timeline
REGNREGENERON PHARMACEUTICALS	130	$68.2K	<0.01%	-13	Timeline
CTASCINTAS CORP	300	$66.9K	<0.01%	-45	Timeline
MSMORGAN STANLEY	564	$65.8K	<0.01%	0	Timeline
BBIOBRIDGEBIO PHARMA INC	1,479	$63.9K	<0.01%	-19	Timeline
UNPUNION PAC CORP	275	$63.3K	<0.01%	-2	Timeline
TTWOTAKE-TWO INTERACTIVE SOFTWAR	259	$62.9K	<0.01%	+4	Timeline
PLUGPLUG PWR INC	46,063	$62.2K	<0.01%	-47,368	Timeline
GHMGRAHAM CORP	1,242	$61.5K	<0.01%	+784	Timeline
HWMHOWMET AEROSPACE INC	330	$61.4K	<0.01%	-38	Timeline
AMPAMERIPRISE FINL INC	113	$60.3K	<0.01%	-17	Timeline
FOXAFOX CORP	1,069	$59.9K	<0.01%	+14	Timeline
SCCOSOUTHERN COPPER CORP	592	$59.9K	<0.01%	-67	Timeline
NTNXNUTANIX INC	749	$57.3K	<0.01%	+186	Timeline
PARAMOUNT GLOBALPARAMOUNT GLOBAL	4,401	$56.8K	<0.01%	new
HASHASBRO INC	765	$56.5K	<0.01%	+10	Timeline
TDGTRANSDIGM GROUP INC	37	$56.3K	<0.01%	-6	Timeline
ORLYOREILLY AUTOMOTIVE INC	616	$55.5K	<0.01%	+570	Timeline
ALNYALNYLAM PHARMACEUTICALS INC	168	$54.8K	<0.01%	-2	Timeline
TWLOTWILIO INC	436	$54.2K	<0.01%	+6	Timeline
KSSKOHLS CORP	6,539	$53.5K	<0.01%	0	Timeline
BSXBOSTON SCIENTIFIC CORP	673	$52.7K	<0.01%	+196	Timeline
ROKUROKU INC	597	$52.5K	<0.01%	+7	Timeline
WBDWARNER BROS DISCOVERY INC	4,551	$52.2K	<0.01%	+58	Timeline
TTDTHE TRADE DESK INC	720	$51.8K	<0.01%	-39	Timeline
GILDGILEAD SCIENCES INC	463	$51.3K	<0.01%	-346	Timeline
ABTABBOTT LABORATORIES	374	$50.9K	<0.01%	-4	Timeline
RKTROCKET COS INC	3,533	$50.1K	<0.01%	-301	Timeline
CCJCAMECO CORP	1,216	$50.1K	<0.01%	-20,966	Timeline
MTDMETTLER TOLEDO INTERNATIONAL	42	$49.3K	<0.01%	-2	Timeline
EOGEOG RES INC	412	$49.3K	<0.01%	-47	Timeline
RACEFERRARI N V	100	$49.1K	<0.01%	-10,500	Timeline
PODDINSULET CORP	156	$49K	<0.01%	-2	Timeline
PAYXPAYCHEX INC	334	$48.6K	<0.01%	-36	Timeline
WDAYWORKDAY INC	207	$48.3K	<0.01%	0	Timeline
AZOAUTOZONE INC	13	$48.3K	<0.01%	-2	Timeline
ALLALLSTATE CORP	232	$46.7K	<0.01%	-36	Timeline
GRMNGARMIN LTD	223	$46.5K	<0.01%	+3	Timeline
EWEDWARDS LIFESCIENCES CORP	579	$45.3K	<0.01%	-9	Timeline
RSGREPUBLIC SVCS INC	182	$44.9K	<0.01%	-29	Timeline
SYKSTRYKER CORPORATION	113	$44.7K	<0.01%	-2	Timeline
IONSIONIS PHARMACEUTICALS INC	1,124	$44.4K	<0.01%	-19	Timeline
SIRISIRIUSXM HOLDINGS INC	1,930	$44.3K	<0.01%	new	Timeline
METMETLIFE INC	545	$43.8K	<0.01%	-67	Timeline
AMGNAMGEN INC	156	$43.6K	<0.01%	-2	Timeline
CRSPCRISPR THERAPEUTICS AG	892	$43.4K	<0.01%	-12	Timeline
ISRGINTUITIVE SURGICAL INC	79	$42.9K	<0.01%	-1	Timeline
GWWWW GRAINGER INC	41	$42.6K	<0.01%	-6	Timeline
VRTVERTIV HOLDINGS CO	331	$42.5K	<0.01%	-9,538	Timeline
LLYELI LILLY & CO	54	$42.1K	<0.01%	0	Timeline
FASTFASTENAL CO	996	$41.8K	<0.01%	+444	Timeline
PFEPFIZER INC	1,694	$41.1K	<0.01%	-26	Timeline
MPTMEDICAL PROPERTIES TRUST INC	6,759	$40.8K	<0.01%	0	Timeline
VEEVVEEVA SYS INC	141	$40.6K	<0.01%	-21	Timeline
VRTXVERTEX PHARMACEUTICALS INC	91	$40.5K	<0.01%	-1	Timeline
DOCUDOCUSIGN INC	520	$40.5K	<0.01%	+7	Timeline
CAHCARDINAL HEALTH INC	240	$40.3K	<0.01%	-36	Timeline
IDXXIDEXX LABS INC	75	$40.2K	<0.01%	-12	Timeline
FICOFAIR ISAAC CORP	22	$40.2K	<0.01%	-3	Timeline
INCYINCYTE CORP	589	$40.1K	<0.01%	-10	Timeline
HYHYSTER-YALE INC	998	$39.7K	<0.01%	-56	Timeline
AKAMAKAMAI TECHNOLOGIES INC	492	$39.2K	<0.01%	+6	Timeline
WATWATERS CORP	111	$38.7K	<0.01%	-1	Timeline
LPLALPL FINL HLDGS INC	101	$37.9K	<0.01%	-1,636	Timeline
JAZZJAZZ PHARMACEUTICALS PLC	354	$37.6K	<0.01%	-4	Timeline
CPRTCOPART INC	735	$36.1K	<0.01%	-87	Timeline
EXASEXACT SCIENCES CORP	677	$36K	<0.01%	-10	Timeline
SNAPSNAP INC	4,104	$35.7K	<0.01%	+53	Timeline
AAGILENT TECHNOLOGIES INC	302	$35.6K	<0.01%	-4	Timeline
RVTYREVVITY INC	368	$35.6K	<0.01%	-4	Timeline
BMRNBIOMARIN PHARMACEUTICAL INC	647	$35.6K	<0.01%	-11	Timeline
OTISOTIS WORLDWIDE CORP	355	$35.2K	<0.01%	-41	Timeline
LITGLOBAL X FDS	912	$35K	<0.01%	0	Timeline
BMYBRISTOL-MYERS SQUIBB CO	755	$34.9K	<0.01%	-9	Timeline
BIIBBIOGEN INC	273	$34.3K	<0.01%	-3	Timeline
MRKMERCK & CO INC	431	$34.1K	<0.01%	-4	Timeline
RGENREPLIGEN CORP	274	$34.1K	<0.01%	-6	Timeline
MPWRMONOLITHIC PWR SYS INC	46	$33.6K	<0.01%	-7	Timeline
RMDRESMED INC	129	$33.3K	<0.01%	-19	Timeline
YUMYUM BRANDS INC	220	$32.6K	<0.01%	-32	Timeline
TMOTHERMO FISHER SCIENTIFIC INC	80	$32.4K	<0.01%	-1	Timeline
EBAYEBAY INC.	431	$32.1K	<0.01%	-51	Timeline
HIGHARTFORD INSURANCE GROUP INC	250	$31.7K	<0.01%	-38	Timeline
DHID R HORTON INC	245	$31.6K	<0.01%	-37	Timeline
BIOBIO RAD LABS INC	125	$30.2K	<0.01%	-2	Timeline
EMEEMCOR GROUP INC	55	$29.4K	<0.01%	-8	Timeline
ODFLOLD DOMINION FREIGHT LINE IN	180	$29.2K	<0.01%	-27	Timeline
TECHBIO-TECHNE CORP	556	$28.6K	<0.01%	-9	Timeline
CSXCSX CORP	844	$27.5K	<0.01%	-43	Timeline
ILMNILLUMINA INC	288	$27.5K	<0.01%	-6	Timeline
MRNAMODERNA INC	995	$27.5K	<0.01%	-18	Timeline
LENLENNAR CORP	245	$27.1K	<0.01%	-37	Timeline
ITGARTNER INC	65	$26.3K	<0.01%	-10	Timeline
AFRMAFFIRM HLDGS INC	372	$25.7K	<0.01%	-44	Timeline
WYWEYERHAEUSER CO	982	$25.2K	<0.01%	-93	Timeline
HPQHP INC	1,028	$25.1K	<0.01%	-109	Timeline
STLDSTEEL DYNAMICS INC	192	$24.6K	<0.01%	-9	Timeline
AWKAMERICAN WTR WKS CO INC NEW	176	$24.5K	<0.01%	-25	Timeline
NSCNORFOLK SOUTHN CORP	94	$24.1K	<0.01%	-3	Timeline
ASHRDBX ETF TR	500	$23.9K	<0.01%	new	Timeline
ABEVAMBEV SA	9,844	$23.7K	<0.01%	0	Timeline
NTAPNETAPP INC	218	$23.2K	<0.01%	-32	Timeline
WMGWARNER MUSIC GROUP CORP	820	$22.3K	<0.01%	+19	Timeline
LXFRLUXFER HLDGS PLC	1,661	$20.2K	<0.01%	+221	Timeline
WABWABTEC	92	$19.3K	<0.01%	-5	Timeline
ENPHENPHASE ENERGY INC	465	$18.4K	<0.01%	-15	Timeline
DECKDECKERS OUTDOOR CORP	169	$17.4K	<0.01%	-26	Timeline
CSLCARLISLE COS INC	43	$16.1K	<0.01%	-4	Timeline
NVRNVR INC	2	$14.8K	<0.01%	0	Timeline
XYLXYLEM INC	114	$14.7K	<0.01%	+12	Timeline
OHIOMEGA HEALTHCARE INVS INC	400	$14.7K	<0.01%	-7	Timeline
CRBGCOREBRIDGE FINL INC	375	$13.3K	<0.01%	-43	Timeline
UIUBIQUITI INC	32	$13.2K	<0.01%	-4	Timeline
BROBROWN & BROWN INC	106	$11.8K	<0.01%	-16	Timeline
CARAVIS BUDGET GROUP INC	68	$11.5K	<0.01%	-16	Timeline
BXPBXP INC	169	$11.4K	<0.01%	-12	Timeline
RYANRYAN SPECIALTY HOLDINGS INC	166	$11.3K	<0.01%	-25	Timeline
CLHCLEAN HARBORS INC	45	$10.4K	<0.01%	-7	Timeline
DARDARLING INGREDIENTS INC	267	$10.1K	<0.01%	+13	Timeline
BALLBALL CORP	179	$10K	<0.01%	-9	Timeline
WSMWILLIAMS SONOMA INC	57	$9.31K	<0.01%	-8	Timeline
VNOVORNADO RLTY TR	241	$9.22K	<0.01%	-19	Timeline
ERIEERIE INDTY CO	26	$9.02K	<0.01%	-16	Timeline
HXLHEXCEL CORP NEW	157	$8.87K	<0.01%	+13	Timeline
COUSINS PROPERTIES INCCOUSINS PROPERTIES INC	283	$8.5K	<0.01%	-5
KRCKILROY REALTY CORP	247	$8.47K	<0.01%	+27	Timeline
BWABORGWARNER INC	252	$8.44K	<0.01%	new	Timeline
HIWHIGHWOODS PPTYS INC	268	$8.33K	<0.01%	-13	Timeline
ADCAGREE RLTY CORP	114	$8.33K	<0.01%	new	Timeline
LQDISHARES TR	75	$8.22K	<0.01%	0	Timeline
RYNRAYONIER INC	335	$7.43K	<0.01%	+34	Timeline
MANHMANHATTAN ASSOCIATES INC	37	$7.31K	<0.01%	-5	Timeline
AYIACUITY INC	23	$6.86K	<0.01%	+3	Timeline
BLDTOPBUILD COR	21	$6.8K	<0.01%	+4	Timeline
CNMCORE & MAIN INC	109	$6.58K	<0.01%	-23	Timeline
BEPBROOKFIELD RENEWABLE ENERGY	199	$6.52K	<0.01%	-1	Timeline
TVGRUPO TELEVISA S A B	12,882	$6.2K	<0.01%	0	Timeline
AWIARMSTRONG WORLD INDS INC NEW	38	$6.17K	<0.01%	-2	Timeline
CWENACLEARWAY ENERGY INC	203	$6.14K	<0.01%	-27	Timeline
CWENCLEARWAY ENERGY INC	191	$6.11K	<0.01%	-26	Timeline
WMSADVANCED DRAIN SYS INC DEL	53	$6.09K	<0.01%	+6	Timeline
MASMASCO CORP	94	$6.05K	<0.01%	+4	Timeline
TTEKTETRA TECH INC NEW	168	$6.04K	<0.01%	+7	Timeline
WTRGESSENTIAL UTILS INC	158	$5.87K	<0.01%	-2	Timeline
TREXTREX INC	105	$5.71K	<0.01%	+20	Timeline
LPXLOUISIANA PAC CORP	65	$5.59K	<0.01%	+11	Timeline
AAONAAON INC	61	$4.5K	<0.01%	+14	Timeline
URAGLOBAL X FDS	100	$3.88K	<0.01%	-119,900	Timeline
CELHCELSIUS HLDGS INC	93	$3.31K	<0.01%	0	Timeline
INTUINTUIT	4	$2.46K	<0.01%	-550	Timeline
CSANYCOSAN S A	396	$2K	<0.01%	-41,900	Timeline
XBISPDR SERIES TRUST	1,000	$1.28K	<0.01%	new	Timeline
NTLAINTELLIA THERAPEUTICS INC	53	$377	<0.01%	new	Timeline

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
SPDR GOLD TRSPDR GOLD TR CALL	call	1,500	$14.6M	+990
INTEL CORPINTEL CORP CALL	call	200	$169K	-200
STONECO LTDSTONECO LTD CALL	call	364	$104K	-55,236
XP INCXP INC CL A	call	360	$88.1K	new
BEST BUY INCBEST BUY INC CALL	call	1,250	$55K	+800
COSTAR GROUP INCCOSTAR GROUP INC CALL	call	551	$523	new

Sold out in Q2 2025

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

Security	Shares before	Value before	Type
ISHARES TRISHARES TR	41,068	$17.9M	put
MSTRSTRATEGY INC	50,000	$14.4M	shares
TESLA INCTESLA INC	1,000	$11.5M	put
ISHARES INCISHARES INC	168,300	$10.2M	call
INVESCO EXCHANGE TRADED FD TINVESCO EXCHANGE TRADED FD T	9,250	$6.45M	put
XOMEXXON MOBIL CORP	51,370	$6.11M	shares
AMXAMERICA MOVIL SAB DE CV	401,896	$5.7M	shares
SELECT SECTOR SPDR TRSELECT SECTOR SPDR TR	45,000	$4.4M	put
SMHVANECK ETF TRUST	20,462	$4.33M	shares
SELECT SECTOR SPDR TRSELECT SECTOR SPDR TR	9,500	$4.32M	put
TMETENCENT MUSIC ENTMT GROUP	60,000	$3.83M	shares
NVIDIA CORPORATIONNVIDIA CORPORATION	2,000	$3.1M	put
APPLE INCAPPLE INC	2,000	$3.01M	put
CXCEMEX SAB DE CV	499,934	$2.8M	shares
SELECT SECTOR SPDR TRSELECT SECTOR SPDR TR	15,150	$2.69M	put
XOPSPDR SERIES TRUST	18,600	$2.45M	shares
SELECT SECTOR SPDR TRSELECT SECTOR SPDR TR	4,702	$2.42M	put
PETROLEO BRASILEIRO S APETROLEO BRASILEIRO S A	163,100	$2.34M	call
ISHARES INCISHARES INC	500	$2.23M	put
SELECT SECTOR SPDR TRSELECT SECTOR SPDR TR	5,002	$2.05M	put
SEA LTDSEA LTD	15,700	$2.05M	put
ISHARES TRISHARES TR	31,325	$2.04M	put
AGROADECOAGRO S A	170,724	$1.91M	shares
PETROLEO BRASILEIRO S APETROLEO BRASILEIRO S A	30,433	$1.89M	put
ISHARES SILVER TRISHARES SILVER TR	5,987	$1.82M	put
SELECT SECTOR SPDR TRSELECT SECTOR SPDR TR	3,800	$1.81M	put
STRATEGY INCSTRATEGY INC	500	$1.69M	put
IBKRINTERACTIVE BROKERS GROUP IN	10,123	$1.68M	shares
EVREVERCORE INC	7,500	$1.5M	shares
IFSINTERCORP FINL SVCS INC	43,310	$1.44M	shares
COHRCOHERENT CORP	18,200	$1.18M	shares
TECKTECK RESOURCES LTD	30,222	$1.1M	shares
SELECT SECTOR SPDR TRSELECT SECTOR SPDR TR	4,750	$1.01M	put
PDDPDD HOLDINGS INC	7,833	$927K	shares
MASTERCARD INCORPORATEDMASTERCARD INCORPORATED	500	$767K	put
VSTVISTRA CORP	6,400	$752K	shares
RLRALPH LAUREN CORP	3,000	$662K	shares
BZKANZHUN LIMITED	34,422	$660K	shares
WFCWELLS FARGO & CO	8,581	$616K	shares
VLRSCONTROLADORA VUELA COMP DE A	102,326	$534K	shares
DBX ETF TRDBX ETF TR	12,500	$532K	put
IESCIES HOLDINGS INC	2,999	$495K	shares
BPBP PLC	14,231	$481K	shares
BLACKROCK INCBLACKROCK INC	478	$452K	shares
GRUPO AEROPORTUARIO DEL SUREGRUPO AEROPORTUARIO DEL SURE	1,600	$438K	call
EXXON MOBIL CORPEXXON MOBIL CORP	6,050	$429K	put
BAKER HUGHES COMPANYBAKER HUGHES COMPANY	7,500	$407K	put
SUPVGRUPO SUPERVIELLE S.A.	27,367	$357K	shares
PONYPONY AI INC	40,000	$353K	shares
URNMSPROTT FDS TR	10,000	$324K	shares
BLACKROCK INCBLACKROCK INC	2,000	$310K	put
ECHISHARES INC	9,999	$298K	shares
SOXXISHARES TR	1,400	$263K	shares
SPDR GOLD TRSPDR GOLD TR	2,510	$128K	put
WORWORTHINGTON ENTERPRISES INC	1,690	$85K	shares
ARCOARCOS DORADOS HLDGS INC	9,041	$73K	shares
VALE S AVALE S A	2,000	$67K	call
IRINGERSOLL RAND INC	713	$57K	shares
PGREPARAMOUNT GROUP INC	4,344	$52K	shares
SIRIUS XM HOLDINGS INCSIRIUS XM HOLDINGS INC	1,905	$43K	shares
CCOICOGENT COMM HOLDINGS INC	637	$39K	shares
DISCOVER FINL SVCSDISCOVER FINL SVCS	217	$37K	shares
OLEDUNIVERSAL DISPLAY CORP	200	$28K	shares
CMBTCMB.TECH NV	1,702	$15K	shares
INTEL CORPINTEL CORP	100	$14K	put
XLPSELECT SECTOR SPDR TR	115	$9K	shares
BABCOCK & WILCOX ENTERPRISE…BABCOCK & WILCOX ENTERPRISES INC	12,991	$9K	shares
WOLFSPEED INCWOLFSPEED INC	2,390	$7K	shares
NRGVENERGY VAULT HOLDINGS INC	7,237	$5K	shares
BEST BUY INCBEST BUY INC	200	$4K	put
GLOBAL X FDSGLOBAL X FDS	9,500	$1K	call

How Q2 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 0001292814-25-002988	base		2025-08-08	acceptance time not in the bulk data set	2026-10-07 18:23:11 UTC