SPX Gestao de Recursos Ltda
Follow13F filer, CIK 1589176, RIO DE JANEIRO, Brazil
SPX Gestao de Recursos Ltda reported $978,948,124 across 73 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-13. Its ten largest share positions make up 60.98% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001589176-26-000001
- Period
- 2025-12-31
- Reported value
- $979M
- Holdings
- 73
- Top 10 weight
- 60.98%
- New
- 19
- Sold out
- 113
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| STNEadded | +4,783,158 | $70.7M |
| KWEBnew | +2,075,400 | $70.7M |
| SPYnew | +81,424 | $55.5M |
| XPadded | +2,195,087 | $35.9M |
| FSLRadded | +88,000 | $23M |
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 |
|---|---|---|
| VALEreduced | -10,673,385 | -$139M |
| EEMexited | -1,480,000 | -$79M |
| EWZexited | -1,600,000 | -$49.6M |
| VSTexited | -212,500 | -$41.6M |
| PBRreduced | -3,029,424 | -$35.9M |
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 67 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 |
|---|---|---|---|---|
| PUT - GLD 100 @ 365 EXP 03/…PUT - GLD 100 @ 365 EXP 03/20/2026 PUT | put | 2,183 | $848K | new |
| PUT - QQQ 100 @ 590 EXP 01/…PUT - QQQ 100 @ 590 EXP 01/16/2026 PUT | put | 2,500 | $560K | new |
| CALL- META 100 @ 650 EXP 03…CALL- META 100 @ 650 EXP 03/20/20… CALL | call | 100 | $481K | new |
| CALL- CRWV 100 @ 150 EXP 06…CALL- CRWV 100 @ 150 EXP 06/18/20… CALL | call | 100 | $33.6K | new |
| CALL- SNAP 100 @ 10 EXP 01/…CALL- SNAP 100 @ 10 EXP 01/16/2026 CALL | call | 2,000 | $3K | new |
| CALL- EVEX 100 @ 5 EXP 01/…CALL- EVEX 100 @ 5 EXP 01/16/2026 CALL | call | 4 | $13 | new |
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 |
|---|---|---|---|
| EEMISHARES TR | 1,480,000 | $79M | shares |
| EWZISHARES INC | 1,600,000 | $49.6M | shares |
| VSTVISTRA CORP | 212,500 | $41.6M | shares |
| GEVGE VERNOVA INC | 28,700 | $17.6M | shares |
| NUNU HLDGS LTD | 654,165 | $10.5M | shares |
| MSFTMICROSOFT CORP | 20,000 | $10.4M | shares |
| COMPANHIA PARANAENSE DE ENE…COMPANHIA PARANAENSE DE ENERGI | 849,336 | $8.32M | shares |
| HDBHDFC BANK LTD | 222,000 | $7.58M | shares |
| AVGOBROADCOM INC | 21,000 | $6.93M | shares |
| CNRCORE NATURAL RESOURCES INC | 82,000 | $6.85M | shares |
| SESEA LTD | 38,000 | $6.79M | shares |
| FUTUFUTU HLDGS LTD | 31,000 | $5.39M | shares |
| CRDOCREDO TECHNOLOGY GROUP HOLDI | 34,000 | $4.95M | shares |
| COHRCOHERENT CORP | 45,000 | $4.85M | shares |
| LEUCENTRUS ENERGY CORP | 10,600 | $3.29M | shares |
| UUUUENERGY FUELS INC | 196,000 | $3.01M | shares |
| UECURANIUM ENERGY CORP | 215,000 | $2.87M | shares |
| IBMINTERNATIONAL BUSINESS MACHS | 10,000 | $2.82M | shares |
| CALL- TLT 100 @ 93 EXP 12/…CALL- TLT 100 @ 93 EXP 12/19/2025 | 31,765 | $2.73M | call |
| EQTEQT CORP | 50,000 | $2.72M | shares |
| TTWOTAKE-TWO INTERACTIVE SOFTWAR | 10,000 | $2.58M | shares |
| WDCWESTERN DIGITAL CORP | 20,000 | $2.4M | shares |
| LLYELI LILLY & CO | 2,800 | $2.14M | shares |
| NEMNEWMONT CORP | 25,000 | $2.11M | shares |
| RKLBROCKET LAB CORP | 42,400 | $2.03M | shares |
| UBERUBER TECHNOLOGIES INC | 20,000 | $1.96M | shares |
| JHXJAMES HARDIE INDS PLC | 101,600 | $1.95M | shares |
| COPCONOCOPHILLIPS | 20,000 | $1.89M | shares |
| IONQIONQ INC | 30,000 | $1.84M | shares |
| GRSDGRANDSTAND LTD | 208,800 | $1.71M | shares |
| BEBLOOM ENERGY CORP | 20,000 | $1.69M | shares |
| GISGENERAL MILLS INC | 32,180 | $1.62M | shares |
| RIOTRIOT PLATFORMS INC | 84,000 | $1.6M | shares |
| TSMTAIWAN SEMICONDUCTOR MANUFAC | 5,600 | $1.56M | shares |
| CALL- EEM 100 @ 54 EXP 10/…CALL- EEM 100 @ 54 EXP 10/17/2025 | 32,000 | $1.55M | call |
| DASHDOORDASH INC | 5,600 | $1.52M | shares |
| RGTIRIGETTI COMPUTING INC | 50,000 | $1.49M | shares |
| DNAGINKGO BIOWORKS HOLDINGS INC | 100,000 | $1.46M | shares |
| NKENIKE INC | 20,000 | $1.39M | shares |
| NRGNRG ENERGY INC | 8,400 | $1.36M | shares |
| PYPLPAYPAL HLDGS INC | 20,000 | $1.34M | shares |
| CATCATERPILLAR INC | 2,800 | $1.34M | shares |
| DELLDELL TECHNOLOGIES INC | 9,000 | $1.28M | shares |
| SNOWSNOWFLAKE INC | 5,600 | $1.26M | shares |
| NBISNEBIUS GROUP N.V. | 11,200 | $1.26M | shares |
| HONHONEYWELL INTL INC | 5,600 | $1.18M | shares |
| QUBTQUANTUM COMPUTING INC | 64,000 | $1.18M | shares |
| ANETARISTA NETWORKS INC | 8,000 | $1.17M | shares |
| QBTSD-WAVE QUANTUM INC | 44,000 | $1.09M | shares |
| PATHUIPATH INC | 80,000 | $1.07M | shares |
| ASPIASP ISOTOPES INC | 109,600 | $1.05M | shares |
| ETNEATON CORP PLC | 2,800 | $1.05M | shares |
| BWXTBWX TECHNOLOGIES INC | 5,500 | $1.01M | shares |
| ACHRARCHER AVIATION INC | 105,000 | $1.01M | shares |
| PUT - SPY 100 @ 663 EXP 10/…PUT - SPY 100 @ 663 EXP 10/10/2025 | 2,716 | $964K | put |
| CRWVCOREWEAVE INC | 7,000 | $958K | shares |
| CALL- MRVL 100 @ 81 EXP 10/…CALL- MRVL 100 @ 81 EXP 10/17/2025 | 1,700 | $933K | call |
| MTZMASTEC INC | 4,200 | $894K | shares |
| JPMJPMORGAN CHASE & CO | 2,800 | $883K | shares |
| SHELSHELL PLC | 12,198 | $873K | shares |
| BMNRBITMINE IMMERSION TECHS INC | 16,800 | $872K | shares |
| CVXCHEVRON CORPORATION | 5,600 | $870K | shares |
| FIVEFIVE BELOW INC | 5,600 | $866K | shares |
| GGALGRUPO FINANCIERO GALICIA S.A | 30,000 | $827K | shares |
| BACBANK OF AMER CORP | 15,000 | $774K | shares |
| BTDRBITDEER TECHNOLOGIES GROUP | 42,000 | $718K | shares |
| INDIVIOR PLCINDIVIOR PLC | 28,000 | $675K | shares |
| NTAPNETAPP INC | 5,600 | $663K | shares |
| CALL- MU 100 @ 180 EXP 12/…CALL- MU 100 @ 180 EXP 12/19/2025 | 500 | $590K | call |
| NXHNEIGHBORHOOD INTELLIGENCE IN | 56,000 | $548K | shares |
| CENTRAIS ELETRICAS BRASILEIRCENTRAIS ELETRICAS BRASILEIR | 50,366 | $522K | shares |
| DBXDROPBOX INC | 16,800 | $508K | shares |
| CALL- KWEB 100 @ 44 EXP 10/…CALL- KWEB 100 @ 44 EXP 10/17/2025 | 10,000 | $460K | call |
| CALL- UBER 100 @ 110 EXP 11…CALL- UBER 100 @ 110 EXP 11/21/20… | 2,000 | $438K | call |
| PUT - QQQ 100 @ 585 EXP 10/…PUT - QQQ 100 @ 585 EXP 10/17/2025 | 1,100 | $411K | put |
| CALL- GDXJ 100 @ 100 EXP 11…CALL- GDXJ 100 @ 100 EXP 11/21/20… | 600 | $376K | call |
| SEDGSOLAREDGE TECHNOLOGIES INC | 8,000 | $296K | shares |
| CALL- FXI 100 @ 43 EXP 11/…CALL- FXI 100 @ 43 EXP 11/21/2025 | 3,000 | $288K | call |
| CSIQCANADIAN SOLAR INC | 22,000 | $287K | shares |
| SHLSSHOALS TECHNOLOGIES GROUP IN | 38,000 | $282K | shares |
| NXTNEXTPOWER INC | 3,700 | $274K | shares |
| RUNSUNRUN INC | 15,500 | $268K | shares |
| PUT - TLT 100 @ 89 EXP 12/…PUT - TLT 100 @ 89 EXP 12/19/2025 | 1,179 | $260K | put |
| JKSJINKOSOLAR HLDG CO LTD | 10,500 | $252K | shares |
| ARRYARRAY TECHNOLOGIES INC | 27,000 | $220K | shares |
| ORBSEIGHTCO HOLDINGS INC | 16,800 | $154K | shares |
| CALL- FSLR 100 @ 240 EXP 11…CALL- FSLR 100 @ 240 EXP 11/21/20… | 100 | $120K | call |
| CALL- DDOG 100 @ 150 EXP 10…CALL- DDOG 100 @ 150 EXP 10/17/20… | 500 | $117K | call |
| CALL- EEM 100 @ 54 EXP 11/…CALL- EEM 100 @ 54 EXP 11/21/2025 | 1,000 | $110K | call |
| CALL- NVDA 100 @ 180 EXP 10…CALL- NVDA 100 @ 180 EXP 10/17/20… | 100 | $102K | call |
| CALL- FSLR 100 @ 250 EXP 11…CALL- FSLR 100 @ 250 EXP 11/21/20… | 100 | $91.8K | call |
| CALL- CROX 100 @ 90 EXP 10/…CALL- CROX 100 @ 90 EXP 10/24/2025 | 400 | $89.7K | call |
| CALL- HUT 100 @ 45 EXP 12/…CALL- HUT 100 @ 45 EXP 12/19/2025 | 200 | $70K | call |
| AMBWQAMBIPAR EMERGENCY RESPONSE WT | 1,592,965 | $66.9K | shares |
| CALL- META 100 @ 780 EXP 10…CALL- META 100 @ 780 EXP 10/17/20… | 100 | $44.1K | call |
| PUT - QQQ 100 @ 570 EXP 10/…PUT - QQQ 100 @ 570 EXP 10/17/2025 | 200 | $38K | put |
| CALL- IWM 100 @ 242 EXP 10/…CALL- IWM 100 @ 242 EXP 10/03/2025 | 200 | $36.3K | call |
| PUT - QQQ 100 @ 565 EXP 10/…PUT - QQQ 100 @ 565 EXP 10/17/2025 | 200 | $30.8K | put |
| CALL- META 100 @ 800 EXP 10…CALL- META 100 @ 800 EXP 10/17/20… | 140 | $30.2K | call |
| CALL- AMZN 100 @ 250 EXP 10…CALL- AMZN 100 @ 250 EXP 10/17/20… | 1,000 | $26.5K | call |
| PUT - SPY 100 @ 620 EXP 10/…PUT - SPY 100 @ 620 EXP 10/17/2025 | 300 | $22.6K | put |
| PUT - XLU 100 @ 83.5 EXP 10…PUT - XLU 100 @ 83.5 EXP 10/17/20… | 1,000 | $22K | put |
| PUT - HYG 100 @ 80.5 EXP 10…PUT - HYG 100 @ 80.5 EXP 10/17/20… | 1,000 | $19K | put |
| CALL- XHB 100 @ 130 EXP 11/…CALL- XHB 100 @ 130 EXP 11/21/2025 | 500 | $12.8K | call |
| PUT - INTC 100 @ 27 EXP 10/…PUT - INTC 100 @ 27 EXP 10/17/2025 | 1,000 | $11.5K | put |
| VSTAVASTA PLATFORM LTD CLASS A (CY | 1,550 | $7.7K | shares |
| AMBIPAR EMERGENCY RESPONSE …AMBIPAR EMERGENCY RESPONSE -- | 6,642 | $5.31K | shares |
| WALDWWALDENCAST PLC | 1,988 | $76 | shares |
| PAMPAMPA ENERGIA SA | 0 | $0 | shares |
| CALL- AMD 100 @ 190 EXP 10/…CALL- AMD 100 @ 190 EXP 10/17/2025 | 0 | $0 | call |
| CALL- AMD 100 @ 180 EXP 10/…CALL- AMD 100 @ 180 EXP 10/17/2025 | 0 | $0 | call |
| CALL- VST 100 @ 212.5 EXP 1…CALL- VST 100 @ 212.5 EXP 10/03/2… | 0 | $0 | call |
| CALL- NVDA 100 @ 185 EXP 10…CALL- NVDA 100 @ 185 EXP 10/17/20… | 0 | $0 | call |
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 0001589176-26-000001 | base | 2026-02-13 | acceptance time not in the bulk data set |