BW GESTAO DE INVESTIMENTOS LTDA.

Filed: 7/26/2023ACC: 0001568280-23-000007

📋 What this filing means

BW GESTAO DE INVESTIMENTOS LTDA. filed this quarterly 13F‑HR report disclosing 110 equity positions with a total reported market value of $676.51M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

110

Positions

$676.51M

Total AUM (reported)

12.29M

Total Shares

Allocation by class

FXI-USAA$49.02M7.2%

TMUS-USAA$43.43M6.4%

ORCL-USAA$35.91M5.3%

IWR-USAA$29.71M4.4%

BJ-USAA$29.40M4.3%

XHB-USAA$26.50M3.9%

NTNX-USAA$21.90M3.2%

Portfolio Concentration

Top 3$128.36M19.0%

4–10$170.00M25.1%

11–25$212.40M31.4%

Rest$165.74M24.5%

Top 3 weight

19.0%

Top 10 weight

44.1%

Voting Authority Distribution

Total shares with voting rights: 12.29M

Sole

Full voting authority

12.29M

% of voting shares100.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

0.00

% of voting shares0.0%

Investment Discretion (by position count)

Sole110

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings110

Rows:

ISHARES CHINA LARGE-CAP ETF

SOLE

FXI-USAA

Shares1.80M

TypeSH

Market value$49.02M

7.25%

Sole

1.80M

Shared

0.00

None

0.00

T-MOBILE US INC

SOLE

TMUS-USAA

Shares312.66K

TypeSH

Market value$43.43M

6.42%

Sole

312.66K

Shared

0.00

None

0.00

ORACLE CORP

SOLE

ORCL-USAA

Shares301.53K

TypeSH

Market value$35.91M

5.31%

Sole

301.53K

Shared

0.00

None

0.00

ISHARES RUSSELL MID-CAP ETF

SOLE

IWR-USAA

Shares406.85K

TypeSH

Market value$29.71M

4.39%

Sole

406.85K

Shared

0.00

None

0.00

BJ'S WHOLESALE CLUB HOLDINGS

SOLE

BJ-USAA

Shares466.52K

TypeSH

Market value$29.40M

4.35%

Sole

466.52K

Shared

0.00

None

0.00

SPDR S&P HOMEBUILDERS ETF

SOLE

XHB-USAA

Shares329.96K

TypeSH

Market value$26.50M

3.92%

Sole

329.96K

Shared

0.00

None

0.00

NUTANIX INC - A

SOLE

NTNX-USAA

Shares780.79K

TypeSH

Market value$21.90M

3.24%

Sole

780.79K

Shared

0.00

None

0.00

ISHARES MSCI EMERGING MARKETS

SOLE

EEM-USAA

Shares530K

TypeSH

Market value$20.97M

3.10%

Sole

530K

Shared

0.00

None

0.00

ISHARES EXPANDED TECH-SOFTWARE

SOLE

IGV-USAA

Shares60.39K

TypeSH

Market value$20.89M

3.09%

Sole

60.39K

Shared

0.00

None

0.00

ISHARES RUSSELL 2000 VALUE ETF

SOLE

IWN-USAA

Shares146.62K

TypeSH

Market value$20.64M

3.05%

Sole

146.62K

Shared

0.00

None

0.00

ISHARES RUSSELL 2000 GROWTH ET

SOLE

IWO-USAA

Shares80.54K

TypeSH

Market value$19.54M

2.89%

Sole

80.54K

Shared

0.00

None

0.00

LOWE'S COS INC

SOLE

LOW-USAA

Shares77.66K

TypeSH

Market value$17.53M

2.59%

Sole

77.66K

Shared

0.00

None

0.00

FINANCIAL SELECT SECTOR SPDR

SOLE

XLF-USAA

Shares502.58K

TypeSH

Market value$16.94M

2.50%

Sole

502.58K

Shared

0.00

None

0.00

CONSUMER DISCRETIONARY SELT

SOLE

XLY-USAA

Shares98.61K

TypeSH

Market value$16.74M

2.48%

Sole

98.61K

Shared

0.00

None

0.00

SPDR S&P 500 ETF TRUST

SOLE

SPY-USAA

Shares35K

TypeSH

Market value$15.51M

2.29%

Sole

35K

Shared

0.00

None

0.00

MATERIALS SELECT SECTOR SPDR

SOLE

XLB-USAA

Shares185.76K

TypeSH

Market value$15.39M

2.28%

Sole

185.76K

Shared

0.00

None

0.00

BLACKSTONE INC

SOLE

BX-USAA

Shares154.94K

TypeSH

Market value$14.40M

2.13%

Sole

154.94K

Shared

0.00

None

0.00

SHERWIN-WILLIAMS CO/THE

SOLE

SHW-USAA

Shares54K

TypeSH

Market value$14.34M

2.12%

Sole

54K

Shared

0.00

None

0.00

PHILIP MORRIS INTERNATIONAL

SOLE

PM-USAA

Shares130K

TypeSH

Market value$12.69M

1.88%

Sole

130K

Shared

0.00

None

0.00

CROWN CASTLE INC

SOLE

CCI-USAA

Shares108.88K

TypeSH

Market value$12.41M

1.83%

Sole

108.88K

Shared

0.00

None

0.00

SCHWAB US DVD EQUITY ETF

SOLE

SCHD-USAA

Shares168K

TypeSH

Market value$12.20M

1.80%

Sole

168K

Shared

0.00

None

0.00

PAYPAL HOLDINGS INC

SOLE

PYPL-USAA

Shares180K

TypeSH

Market value$12.01M

1.78%

Sole

180K

Shared

0.00

None

0.00

SKECHERS USA INC-CL A

SOLE

SKX-USAA

Shares220K

TypeSH

Market value$11.59M

1.71%

Sole

220K

Shared

0.00

None

0.00

AMERICAN HOMES 4 RENT- A

SOLE

AMH-USAA

Shares300K

TypeSH

Market value$10.63M

1.57%

Sole

300K

Shared

0.00

None

0.00

SCHWAB (CHARLES) CORP

SOLE

SCHW-USAA

Shares184.60K

TypeSH

Market value$10.46M

1.55%

Sole

184.60K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
ISHARES CHINA LARGE-CAP ETFSOLE	FXI-USAA	1.80M	SH	$49.02M 7.25%	1.80M
T-MOBILE US INCSOLE	TMUS-USAA	312.66K	SH	$43.43M 6.42%	312.66K
ORACLE CORPSOLE	ORCL-USAA	301.53K	SH	$35.91M 5.31%	301.53K
ISHARES RUSSELL MID-CAP ETFSOLE	IWR-USAA	406.85K	SH	$29.71M 4.39%	406.85K
BJ'S WHOLESALE CLUB HOLDINGSSOLE	BJ-USAA	466.52K	SH	$29.40M 4.35%	466.52K
SPDR S&P HOMEBUILDERS ETFSOLE	XHB-USAA	329.96K	SH	$26.50M 3.92%	329.96K
NUTANIX INC - ASOLE	NTNX-USAA	780.79K	SH	$21.90M 3.24%	780.79K
ISHARES MSCI EMERGING MARKETSSOLE	EEM-USAA	530K	SH	$20.97M 3.10%	530K
ISHARES EXPANDED TECH-SOFTWARESOLE	IGV-USAA	60.39K	SH	$20.89M 3.09%	60.39K
ISHARES RUSSELL 2000 VALUE ETFSOLE	IWN-USAA	146.62K	SH	$20.64M 3.05%	146.62K
ISHARES RUSSELL 2000 GROWTH ETSOLE	IWO-USAA	80.54K	SH	$19.54M 2.89%	80.54K
LOWE'S COS INCSOLE	LOW-USAA	77.66K	SH	$17.53M 2.59%	77.66K
FINANCIAL SELECT SECTOR SPDRSOLE	XLF-USAA	502.58K	SH	$16.94M 2.50%	502.58K
CONSUMER DISCRETIONARY SELTSOLE	XLY-USAA	98.61K	SH	$16.74M 2.48%	98.61K
SPDR S&P 500 ETF TRUSTSOLE	SPY-USAA	35K	SH	$15.51M 2.29%	35K
MATERIALS SELECT SECTOR SPDRSOLE	XLB-USAA	185.76K	SH	$15.39M 2.28%	185.76K
BLACKSTONE INCSOLE	BX-USAA	154.94K	SH	$14.40M 2.13%	154.94K
SHERWIN-WILLIAMS CO/THESOLE	SHW-USAA	54K	SH	$14.34M 2.12%	54K
PHILIP MORRIS INTERNATIONALSOLE	PM-USAA	130K	SH	$12.69M 1.88%	130K
CROWN CASTLE INCSOLE	CCI-USAA	108.88K	SH	$12.41M 1.83%	108.88K
SCHWAB US DVD EQUITY ETFSOLE	SCHD-USAA	168K	SH	$12.20M 1.80%	168K
PAYPAL HOLDINGS INCSOLE	PYPL-USAA	180K	SH	$12.01M 1.78%	180K
SKECHERS USA INC-CL ASOLE	SKX-USAA	220K	SH	$11.59M 1.71%	220K
AMERICAN HOMES 4 RENT- ASOLE	AMH-USAA	300K	SH	$10.63M 1.57%	300K
SCHWAB (CHARLES) CORPSOLE	SCHW-USAA	184.60K	SH	$10.46M 1.55%	184.60K

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