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SPX Gestao de Recursos Ltda

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13F filer, CIK 1589176, RIO DE JANEIRO, Brazil

SPX Gestao de Recursos Ltda reported $1,204,320,936 across 82 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-06. Its ten largest share positions make up 60.75% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001589176-26-000002

Period
2026-03-31
Reported value
$1.2B
Holdings
82
Top 10 weight
60.75%
New
31
Sold out
22

Largest buys vs the previous quarter

SecurityShares changeApprox. value
XLPnew+1,466,111$120M
PBR-Aadded+5,701,654$107M
VALEadded+5,144,590$81.9M
MCHInew+972,000$54.6M
NVDAadded+248,700$43.4M

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
KWEBexited-2,075,400-$70.7M
PBRreduced-3,154,716-$65.5M
XPreduced-3,008,306-$57.3M
SPYexited-81,424-$55.5M
FSLRexited-204,250-$53.4M

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 2026

Share positions as resolved from 13F-HR 0001589176-26-000002, largest first. % of portfolio is the value over $1,200,230,894, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
PBR-APETROLEO BRASILEIRO S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,374,170 shares; 2024Q4: 584,828 shares; 2025Q1: 1,237,620 shares; 2025Q2: 1,724,375 shares; 2025Q3: 1,742,229 shares; 2025Q4: 1,173,051 shares; 2026Q1: 6,874,705 shares 6,874,705$129M10.74%+5,701,654Timeline
XLPSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 1,466,111 shares 1,466,111$120M10.01%newTimeline
STNESTONECO LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 54,159 shares; 2024Q4: 1,813,588 shares; 2025Q1: not reported; 2025Q2: 477,213 shares; 2025Q3: 453,462 shares; 2025Q4: 5,236,620 shares; 2026Q1: 7,728,014 shares 7,728,014$109M9.09%+2,491,394Timeline
VALEVALE S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 6,780,214 shares; 2024Q4: 3,524,033 shares; 2025Q1: 5,388,044 shares; 2025Q2: 2,741,291 shares; 2025Q3: 11,068,403 shares; 2025Q4: 395,018 shares; 2026Q1: 5,539,608 shares 5,539,608$88.1M7.34%+5,144,590Timeline
MCHIISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 972,000 shares 972,000$54.6M4.55%newTimeline
VINPVINCI COMPASS INVESTMENTS LTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 3,562,635 shares; 2024Q4: 3,368,286 shares; 2025Q1: 3,505,030 shares; 2025Q2: 3,759,784 shares; 2025Q3: 4,038,396 shares; 2025Q4: 4,000,725 shares; 2026Q1: 4,672,173 shares 4,672,173$49.3M4.11%+671,448Timeline
ARCOARCOS DORADOS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 2,506,774 shares; 2025Q2: 4,534,496 shares; 2025Q3: 6,342,621 shares; 2025Q4: 7,551,676 shares; 2026Q1: 5,949,286 shares 5,949,286$49.1M4.09%-1,602,390Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 128,063 shares; 2024Q4: not reported; 2025Q1: 35,000 shares; 2025Q2: 47,000 shares; 2025Q3: 88,996 shares; 2025Q4: 14,500 shares; 2026Q1: 263,200 shares 263,200$45.9M3.82%+248,700Timeline
LTMLATAM AIRLINES GROUP SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 82,912 shares; 2024Q4: not reported; 2025Q1: 188,213 shares; 2025Q2: 23,474 shares; 2025Q3: 935,321 shares; 2025Q4: 328,463 shares; 2026Q1: 881,976 shares 881,976$43.6M3.63%+553,513Timeline
BBDBANCO BRADESCO S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 3,608,320 shares; 2024Q4: not reported; 2025Q1: 8,961 shares; 2025Q2: 3,902,945 shares; 2025Q3: 5,842,473 shares; 2025Q4: 3,437,249 shares; 2026Q1: 11,051,974 shares 11,051,974$40.3M3.36%+7,614,725Timeline
NUNU HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 654,165 shares; 2025Q4: not reported; 2026Q1: 2,569,755 shares 2,569,755$36.9M3.08%newTimeline
PBRPETROLEO BRASILEIRO S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 535,722 shares; 2024Q4: 1,566,449 shares; 2025Q1: 1,520,388 shares; 2025Q2: 4,990,500 shares; 2025Q3: 7,916,982 shares; 2025Q4: 4,887,558 shares; 2026Q1: 1,732,842 shares 1,732,842$36M3%-3,154,716Timeline
TGSTRANSPORTADORA DE GAS DEL SUQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 837,142 shares; 2025Q3: 578,365 shares; 2025Q4: 1,206,803 shares; 2026Q1: 1,025,136 shares 1,025,136$35.5M2.96%-181,667Timeline
INTRINTER & CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 883,964 shares; 2024Q4: 186,349 shares; 2025Q1: 14,231 shares; 2025Q2: not reported; 2025Q3: 2,050,930 shares; 2025Q4: 347,106 shares; 2026Q1: 4,023,802 shares 4,023,802$32M2.67%+3,676,696Timeline
CPACOPA HOLDINGS SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 385,029 shares; 2024Q4: 388,686 shares; 2025Q1: 447,781 shares; 2025Q2: 434,244 shares; 2025Q3: 406,642 shares; 2025Q4: 393,542 shares; 2026Q1: 224,792 shares 224,792$25.5M2.13%-168,750Timeline
BAPCREDICORP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 123,141 shares; 2024Q4: 83,606 shares; 2025Q1: 149,042 shares; 2025Q2: 186,961 shares; 2025Q3: 128,592 shares; 2025Q4: 199,083 shares; 2026Q1: 67,403 shares 67,403$22.9M1.9%-131,680Timeline
XPXP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 734,861 shares; 2024Q4: not reported; 2025Q1: 2,497,615 shares; 2025Q2: 277,825 shares; 2025Q3: 2,000,292 shares; 2025Q4: 4,195,379 shares; 2026Q1: 1,187,073 shares 1,187,073$22.6M1.88%-3,008,306Timeline
EMBJEMBRAER S.A.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 999 shares; 2025Q1: 139,364 shares; 2025Q2: 198,609 shares; 2025Q3: 231,172 shares; 2025Q4: 0 shares; 2026Q1: 353,289 shares 353,289$21M1.75%+353,289Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 20,000 shares; 2024Q4: 40,000 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 5,600 shares; 2025Q4: not reported; 2026Q1: 59,271 shares 59,271$20M1.67%newTimeline
EWZISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 62,743 shares; 2025Q1: not reported; 2025Q2: 200,000 shares; 2025Q3: 1,600,000 shares; 2025Q4: not reported; 2026Q1: 493,168 shares 493,168$18.9M1.58%newTimeline
BPBP PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 211,972 shares; 2024Q4: 752,724 shares; 2025Q1: 164,350 shares; 2025Q2: 457,113 shares; 2025Q3: 703,309 shares; 2025Q4: 523,230 shares; 2026Q1: 354,344 shares 354,344$16.7M1.39%-168,886Timeline
GGBGERDAU SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 945,138 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 2,869,104 shares; 2025Q3: 4,491,042 shares; 2025Q4: 4,894,496 shares; 2026Q1: 4,254,223 shares 4,254,223$15.4M1.28%-640,273Timeline
PAMPAMPA ENERGIA SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 0 shares; 2025Q4: not reported; 2026Q1: 163,643 shares 163,643$14.5M1.21%newTimeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 95,300 shares; 2025Q1: 55,500 shares; 2025Q2: 173,900 shares; 2025Q3: 32,880 shares; 2025Q4: 32,460 shares; 2026Q1: 62,640 shares 62,640$13M1.09%+30,180Timeline
SNSHARKNINJA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 15,700 shares; 2025Q2: 47,000 shares; 2025Q3: 90,670 shares; 2025Q4: 104,170 shares; 2026Q1: 104,170 shares 104,170$11M0.92%0Timeline
ELPCCOMPANHIA PARANAENSE DE ENERQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 51,311 shares; 2024Q4: 68,091 shares; 2025Q1: 68,672 shares; 2025Q2: 70,929 shares; 2025Q3: 70,929 shares; 2025Q4: 918,127 shares; 2026Q1: 902,109 shares 902,109$10.8M0.9%-16,018Timeline
AAALCOA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 155,300 shares 155,300$10.3M0.86%newTimeline
TEOTELECOM ARGENTINA SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 732,697 shares 732,697$8.57M0.71%newTimeline
CPAYCORPAY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 3,100 shares; 2025Q2: 6,100 shares; 2025Q3: 19,960 shares; 2025Q4: 29,260 shares; 2026Q1: 29,260 shares 29,260$8.51M0.71%0Timeline
AXICYAXIA ENERGIA SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 680,091 shares; 2026Q1: 669,035 shares 669,035$7.31M0.61%-11,056Timeline
OIHVANECK ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 16,500 shares 16,500$6.67M0.56%newTimeline
CEPUCENTRAL PUERTO S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 361,495 shares 361,495$6.08M0.51%newTimeline
EVEXEVE HLDG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 107,689 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 588,991 shares; 2025Q4: 2,845,692 shares; 2026Q1: 2,293,630 shares 2,293,630$5.69M0.47%-552,062Timeline
GRNDGRINDR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 42,100 shares; 2025Q2: 42,100 shares; 2025Q3: 177,300 shares; 2025Q4: 401,800 shares; 2026Q1: 455,800 shares 455,800$5.51M0.46%+54,000Timeline
SBSCOMPANHIA DE SANEAMENTO BASIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 460,646 shares; 2025Q2: 186,068 shares; 2025Q3: 210,516 shares; 2025Q4: 348,052 shares; 2026Q1: 177,950 shares 177,950$5.43M0.45%-170,102Timeline
SHELSHELL PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 76,600 shares; 2025Q2: not reported; 2025Q3: 12,198 shares; 2025Q4: not reported; 2026Q1: 52,300 shares 52,300$4.86M0.41%newTimeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 13,500 shares; 2024Q4: not reported; 2025Q1: 12,000 shares; 2025Q2: 58,930 shares; 2025Q3: 11,030 shares; 2025Q4: 4,460 shares; 2026Q1: 8,480 shares 8,480$4.85M0.4%+4,020Timeline
RIORIO TINTO PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 426,922 shares; 2024Q4: 20,628 shares; 2025Q1: 94,136 shares; 2025Q2: 278,840 shares; 2025Q3: 646,866 shares; 2025Q4: 468,415 shares; 2026Q1: 48,650 shares 48,650$4.54M0.38%-419,765Timeline
OWLBLUE OWL CAPITAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 60,300 shares; 2025Q2: 249,300 shares; 2025Q3: 381,360 shares; 2025Q4: 489,660 shares; 2026Q1: 489,660 shares 489,660$4.47M0.37%0Timeline
LUXELUXEXPERIENCE BVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 90,500 shares; 2025Q2: 155,500 shares; 2025Q3: 373,910 shares; 2025Q4: 523,410 shares; 2026Q1: 523,410 shares 523,410$4.19M0.35%0Timeline
CEPTCANTOR EQUITY PARTNERS II INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 10,000 shares; 2025Q3: not reported; 2025Q4: 305,000 shares; 2026Q1: 305,000 shares 305,000$3.32M0.28%0Timeline
CTLPCANTALOUPE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 69,000 shares; 2025Q2: 164,000 shares; 2025Q3: 298,600 shares; 2025Q4: 298,600 shares; 2026Q1: 298,600 shares 298,600$3.23M0.27%0Timeline
CORZCORE SCIENTIFIC INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 51,200 shares; 2025Q2: 98,700 shares; 2025Q3: not reported; 2025Q4: 104,800 shares; 2026Q1: 205,350 shares 205,350$3.07M0.26%+100,550Timeline
UGPULTRAPAR PARTICIPACOES SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 21,469 shares; 2025Q4: 582,585 shares; 2026Q1: 519,126 shares 519,126$2.86M0.24%-63,459Timeline
TLNTALEN ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 51,810 shares; 2024Q4: 74,810 shares; 2025Q1: 98,100 shares; 2025Q2: 170,700 shares; 2025Q3: 66,630 shares; 2025Q4: 9,490 shares; 2026Q1: 7,490 shares 7,490$2.39M0.2%-2,000Timeline
SOLSSOLSTICE ADVANCED MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 29,600 shares 29,600$2.25M0.19%newTimeline
PGYPAGAYA TECHNOLOGIES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 49,300 shares; 2025Q2: not reported; 2025Q3: 50,000 shares; 2025Q4: 120,300 shares; 2026Q1: 180,100 shares 180,100$2.1M0.17%+59,800Timeline
TDGTRANSDIGM GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 800 shares; 2025Q2: 1,200 shares; 2025Q3: 1,400 shares; 2025Q4: 1,400 shares; 2026Q1: 1,780 shares 1,780$2.06M0.17%+380Timeline
BSACBANCO SANTANDER CHILE NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 35,466 shares; 2024Q4: 96,355 shares; 2025Q1: 118,656 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 56,479 shares 56,479$1.89M0.16%newTimeline
CIBGRUPO CIBEST SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 16,242 shares 16,242$1.18M0.1%newTimeline
NYAXNAYAX LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 2,600 shares; 2025Q2: 19,109 shares; 2025Q3: 19,109 shares; 2025Q4: 23,958 shares; 2026Q1: 20,524 shares 20,524$1.15M0.1%-3,434Timeline
JBLJABIL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 4,000 shares 4,000$1.06M0.09%newTimeline
IRENIREN LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 72,600 shares; 2025Q4: 17,500 shares; 2026Q1: 28,950 shares 28,950$992K0.08%+11,450Timeline
FXIISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 25,370 shares; 2025Q1: 25,370 shares; 2025Q2: 25,370 shares; 2025Q3: 25,370 shares; 2025Q4: 25,370 shares; 2026Q1: 25,370 shares 25,370$911K0.08%0Timeline
CIGCIA ENERGETICA DE MINAS GERAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 3,491,225 shares; 2024Q4: 553 shares; 2025Q1: 49,795 shares; 2025Q2: 21,593 shares; 2025Q3: 320,778 shares; 2025Q4: 354,805 shares; 2026Q1: 368,223 shares 368,223$880K0.07%+13,418Timeline
BSBRBANCO SANTANDER BRASIL S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 17,472 shares; 2024Q4: 381 shares; 2025Q1: 42,574 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 54,694 shares; 2026Q1: 86,883 shares 86,883$515K0.04%+32,189Timeline
SUZSUZANO S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 138,315 shares; 2024Q4: 162,031 shares; 2025Q1: 180,846 shares; 2025Q2: 172,511 shares; 2025Q3: 144,213 shares; 2025Q4: 115,964 shares; 2026Q1: 49,917 shares 49,917$500K0.04%-66,047Timeline
AXIA/PCENTRAIS ELET BRAS SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 33,986 shares; 2026Q1: 30,376 shares 30,376$381K0.03%-3,610Timeline
ABEVAMBEV SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 7,149 shares; 2024Q4: 2,969,700 shares; 2025Q1: 2,564,374 shares; 2025Q2: 1,990,483 shares; 2025Q3: 3,242,594 shares; 2025Q4: 70,408 shares; 2026Q1: 70,408 shares 70,408$206K0.02%0Timeline
ENICENEL CHILE SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 40,255 shares; 2025Q1: not reported; 2025Q2: 371 shares; 2025Q3: not reported; 2025Q4: 70,089 shares; 2026Q1: 42,596 shares 42,596$168K0.01%-27,493Timeline
STLDSTEEL DYNAMICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 419 shares 419$75.4K0.01%newTimeline
MUMICRON TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 60,000 shares; 2025Q1: 153,672 shares; 2025Q2: 20,000 shares; 2025Q3: 20,000 shares; 2025Q4: 90,000 shares; 2026Q1: 215 shares 215$72.6K0.01%-89,785Timeline
EWZSISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 3,617 shares 3,617$53.6K<0.01%newTimeline
BCHBANCO DE CHILEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 1,443 shares 1,443$53.4K<0.01%newTimeline
AXIAYAXIA ENERGIA SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 91,101 shares; 2024Q4: not reported; 2025Q1: 594,050 shares; 2025Q2: 670,083 shares; 2025Q3: 473,209 shares; 2025Q4: 1,285 shares; 2026Q1: 1,285 shares 1,285$14.5K<0.01%0Timeline
IFSINTERCORP FINL SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 200 shares 200$10K<0.01%newTimeline
BRBIBRBI BR PARTNERS SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 525 shares 525$7.82K<0.01%newTimeline
BABAALIBABA GROUP HLDG LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 31,500 shares; 2025Q2: 500 shares; 2025Q3: 33,500 shares; 2025Q4: 150,000 shares; 2026Q1: 16 shares 16$2.01K<0.01%-149,984Timeline
SCCOSOUTHERN COPPER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 1 shares 1$172<0.01%newTimeline
AAOIAPPLIED OPTOELECTRONICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 0 shares 0$00%newValue filed as zero, left out of ratios.Amount filed as zero, left out of ratios.Timeline
LRCXLAM RESEARCH CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 0 shares 0$00%newValue filed as zero, left out of ratios.Amount filed as zero, left out of ratios.Timeline
BHPBHP BILLITON LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 190,933 shares; 2025Q1: 14,959 shares; 2025Q2: 217,500 shares; 2025Q3: 0 shares; 2025Q4: 0 shares; 2026Q1: 0 shares 0$00%0Value filed as zero, left out of ratios.Amount filed as zero, left out of ratios.Timeline
CIG-CCIA ENERGETICA DE MINAS GERAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 16,244 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 565 shares; 2026Q1: 0 shares 0$00%-565Value filed as zero, left out of ratios.Amount filed as zero, left out of ratios.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).

SecurityTypeAmountValueChange
PUT - EEM 100 @ 56 EXP 04/…PUT - EEM 100 @ 56 EXP 04/17/2026 PUTput17,000$2.3Mnew
PUT - EWY 100 @ 100 EXP 05/…PUT - EWY 100 @ 100 EXP 05/15/2026 PUTput2,091$612Knew
PUT - SMH 100 @ 375 EXP 04/…PUT - SMH 100 @ 375 EXP 04/10/2026 PUTput700$476Knew
PUT - JETS 100 @ 22 EXP 04/…PUT - JETS 100 @ 22 EXP 04/17/2026 PUTput6,000$222Knew
CALL- IGV 100 @ 90 EXP 06/…CALL- IGV 100 @ 90 EXP 06/18/2026 CALLcall1,300$197Knew
CALL- IWM 100 @ 280 EXP 06/…CALL- IWM 100 @ 280 EXP 06/18/2026 CALLcall1,000$184Knew
CALL- IWM 100 @ 290 EXP 06/…CALL- IWM 100 @ 290 EXP 06/18/2026 CALLcall1,000$78.5Knew
CALL- PBR 100 @ 29 EXP 04/…CALL- PBR 100 @ 29 EXP 04/17/2026 CALLcall3,850$10.9Knew
CALL- CRWV 100 @ 150 EXP 06…CALL- CRWV 100 @ 150 EXP 06/18/20… CALLcall100$8.2K0

Sold out in Q1 2026

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

SecurityShares beforeValue beforeType
KWEBKRANESHARES TRUST2,075,400$70.7Mshares
SPYSTATE STR SPDR S&P 500 ETF T81,424$55.5Mshares
FSLRFIRST SOLAR INC204,250$53.4Mshares
AUGOAURA MINERALS INC877,211$44.2Mshares
GLOBGLOBANT S A133,160$8.7Mshares
JBSJBS N.V.208,100$3Mshares
AFYAAFYA LTD176,892$2.73Mshares
XOPSPDR SERIES TRUST15,000$1.89Mshares
AMDADVANCED MICRO DEVICES INC4,500$964Kshares
PUT - GLD 100 @ 365 EXP 03/…PUT - GLD 100 @ 365 EXP 03/20/20262,183$848Kput
HUTHUT 8 CORP18,180$835Kshares
PUT - QQQ 100 @ 590 EXP 01/…PUT - QQQ 100 @ 590 EXP 01/16/20262,500$560Kput
CALL- META 100 @ 650 EXP 03…CALL- META 100 @ 650 EXP 03/20/20…100$481Kcall
ITUBITAU UNIBANCO HLDG S A22,194$159Kshares
EWYISHARES INC1,574$153Kshares
GROBRAZIL POTASH CORP74,572$141Kshares
GOOGLALPHABET INC44$13.8Kshares
SIDCOMPANHIA SIDERURGICA NACION3,107$4.97Kshares
CALL- SNAP 100 @ 10 EXP 01/…CALL- SNAP 100 @ 10 EXP 01/16/20262,000$3Kcall
CALL- EVEX 100 @ 5 EXP 01/…CALL- EVEX 100 @ 5 EXP 01/16/20264$13call
VIVTELEFONICA BRASIL SA0$0shares
BBDOBANCO BRADESCO S A0$0shares

How Q1 2026 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 0001589176-26-000002 base2026-05-06acceptance time not in the bulk data set