Filed: 8/14/2025ACC: 0001568280-25-000004
📋 What this filing means
BW GESTAO DE INVESTIMENTOS LTDA. filed this quarterly 13F‑HR report disclosing 93 equity positions with a total reported market value of $2.35B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
93
Positions
$2.35B
Total AUM (reported)
50.61M
Total Shares
Allocation by class
COM$583.74M24.8%
TR UNIT$426.32M18.1%
RUSSELL 2000 ETF$302.11M12.8%
CL A$189.08M8.0%
COM NEW$152.86M6.5%
SHS$102.81M4.4%
INNOVATION ETF$101.92M4.3%
Portfolio Concentration
Top 3$856.88M36.4%
4–10$483.55M20.5%
11–25$478.53M20.3%
Rest$534.80M22.7%
Top 3 weight
36.4%
Top 10 weight
56.9%
Voting Authority Distribution
Total shares with voting rights: 50.61M
Sole
Full voting authority
50.61M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole93
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings93
Rows:
SPDR S&P 500 ETF TR
SOLEShares690K
TypeSH
Market value$426.32M
18.11%
Sole
690K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares1.40M
TypeSH
Market value$302.11M
12.84%
Sole
1.40M
Shared
0.00
None
0.00
TENET HEALTHCARE CORP
SOLEShares729.86K
TypeSH
Market value$128.45M
5.46%
Sole
729.86K
Shared
0.00
None
0.00
ARK ETF TR
SOLEShares1.45M
TypeSH
Market value$101.92M
4.33%
Sole
1.45M
Shared
0.00
None
0.00
RB GLOBAL INC
SOLEShares745.30K
TypeSH
Market value$79.14M
3.36%
Sole
745.30K
Shared
0.00
None
0.00
SHIFT4 PMTS INC
SOLEShares721.93K
TypeSH
Market value$71.55M
3.04%
Sole
721.93K
Shared
0.00
None
0.00
INVESCO QQQ TR
SOLEShares118.76K
TypeSH
Market value$65.51M
2.78%
Sole
118.76K
Shared
0.00
None
0.00
NUTANIX INC
SOLEShares768.56K
TypeSH
Market value$58.75M
2.50%
Sole
768.56K
Shared
0.00
None
0.00
ISHARES INC
SOLEShares2M
TypeSH
Market value$57.70M
2.45%
Sole
2M
Shared
0.00
None
0.00
CVS HEALTH CORP
SOLEShares710K
TypeSH
Market value$48.98M
2.08%
Sole
710K
Shared
0.00
None
0.00
SPDR SERIES TRUST
SOLEShares789.56K
TypeSH
Market value$46.89M
1.99%
Sole
789.56K
Shared
0.00
None
0.00
PERRIGO CO PLC
SOLEShares1.47M
TypeSH
Market value$39.27M
1.67%
Sole
1.47M
Shared
0.00
None
0.00
PG&E CORP
SOLEShares2.80M
TypeSH
Market value$39.03M
1.66%
Sole
2.80M
Shared
0.00
None
0.00
GLOBANT S A
SOLEShares427.83K
TypeSH
Market value$38.86M
1.65%
Sole
427.83K
Shared
0.00
None
0.00
ECOLAB INC
SOLEShares127.50K
TypeSH
Market value$34.35M
1.46%
Sole
127.50K
Shared
0.00
None
0.00
ALIGHT INC
SOLEShares5.99M
TypeSH
Market value$33.91M
1.44%
Sole
5.99M
Shared
0.00
None
0.00
SELECT SECTOR SPDR TR
SOLEShares229K
TypeSH
Market value$30.87M
1.31%
Sole
229K
Shared
0.00
None
0.00
TESLA INC
SOLEShares93.50K
TypeSH
Market value$29.70M
1.26%
Sole
93.50K
Shared
0.00
None
0.00
SELECT SECTOR SPDR TR
SOLEShares537.40K
TypeSH
Market value$28.14M
1.20%
Sole
537.40K
Shared
0.00
None
0.00
GOODYEAR TIRE & RUBR CO
SOLEShares2.70M
TypeSH
Market value$28.05M
1.19%
Sole
2.70M
Shared
0.00
None
0.00
MICROSOFT CORP
SOLEShares55.69K
TypeSH
Market value$27.70M
1.18%
Sole
55.69K
Shared
0.00
None
0.00
AMAZON COM INC
SOLEShares121.50K
TypeSH
Market value$26.66M
1.13%
Sole
121.50K
Shared
0.00
None
0.00
BIRKENSTOCK HOLDING PLC
SOLEShares530.57K
TypeSH
Market value$26.09M
1.11%
Sole
530.57K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares305K
TypeSH
Market value$24.60M
1.05%
Sole
305K
Shared
0.00
None
0.00
NRG ENERGY INC
SOLEShares152K
TypeSH
Market value$24.41M
1.04%
Sole
152K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SPDR S&P 500 ETF TRSOLE | TR UNIT | 690K | SH | $426.32M 18.11% | 690K | 0.00 | 0.00 |
ISHARES TRSOLE | RUSSELL 2000 ETF | 1.40M | SH | $302.11M 12.84% | 1.40M | 0.00 | 0.00 |
TENET HEALTHCARE CORPSOLE | COM NEW | 729.86K | SH | $128.45M 5.46% | 729.86K | 0.00 | 0.00 |
ARK ETF TRSOLE | INNOVATION ETF | 1.45M | SH | $101.92M 4.33% | 1.45M | 0.00 | 0.00 |
RB GLOBAL INCSOLE | COM | 745.30K | SH | $79.14M 3.36% | 745.30K | 0.00 | 0.00 |
SHIFT4 PMTS INCSOLE | CL A | 721.93K | SH | $71.55M 3.04% | 721.93K | 0.00 | 0.00 |
INVESCO QQQ TRSOLE | UNIT SER 1 | 118.76K | SH | $65.51M 2.78% | 118.76K | 0.00 | 0.00 |
NUTANIX INCSOLE | CL A | 768.56K | SH | $58.75M 2.50% | 768.56K | 0.00 | 0.00 |
ISHARES INCSOLE | MSCI BRAZIL ETF | 2M | SH | $57.70M 2.45% | 2M | 0.00 | 0.00 |
CVS HEALTH CORPSOLE | COM | 710K | SH | $48.98M 2.08% | 710K | 0.00 | 0.00 |
SPDR SERIES TRUSTSOLE | S&P REGL BKG | 789.56K | SH | $46.89M 1.99% | 789.56K | 0.00 | 0.00 |
PERRIGO CO PLCSOLE | SHS | 1.47M | SH | $39.27M 1.67% | 1.47M | 0.00 | 0.00 |
PG&E CORPSOLE | COM | 2.80M | SH | $39.03M 1.66% | 2.80M | 0.00 | 0.00 |
GLOBANT S ASOLE | COM | 427.83K | SH | $38.86M 1.65% | 427.83K | 0.00 | 0.00 |
ECOLAB INCSOLE | COM | 127.50K | SH | $34.35M 1.46% | 127.50K | 0.00 | 0.00 |
ALIGHT INCSOLE | COM CL A | 5.99M | SH | $33.91M 1.44% | 5.99M | 0.00 | 0.00 |
SELECT SECTOR SPDR TRSOLE | SBI HEALTHCARE | 229K | SH | $30.87M 1.31% | 229K | 0.00 | 0.00 |
TESLA INCSOLE | COM | 93.50K | SH | $29.70M 1.26% | 93.50K | 0.00 | 0.00 |
SELECT SECTOR SPDR TRSOLE | FINANCIAL | 537.40K | SH | $28.14M 1.20% | 537.40K | 0.00 | 0.00 |
GOODYEAR TIRE & RUBR COSOLE | COM | 2.70M | SH | $28.05M 1.19% | 2.70M | 0.00 | 0.00 |
MICROSOFT CORPSOLE | COM | 55.69K | SH | $27.70M 1.18% | 55.69K | 0.00 | 0.00 |
AMAZON COM INCSOLE | COM | 121.50K | SH | $26.66M 1.13% | 121.50K | 0.00 | 0.00 |
BIRKENSTOCK HOLDING PLCSOLE | COM SHS | 530.57K | SH | $26.09M 1.11% | 530.57K | 0.00 | 0.00 |
ISHARES TRSOLE | IBOXX HI YD ETF | 305K | SH | $24.60M 1.05% | 305K | 0.00 | 0.00 |
NRG ENERGY INCSOLE | COM NEW | 152K | SH | $24.41M 1.04% | 152K | 0.00 | 0.00 |
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