Filed: 11/13/2025ACC: 0001568280-25-000008
📋 What this filing means
BW GESTAO DE INVESTIMENTOS LTDA. filed this quarterly 13F‑HR report disclosing 109 equity positions with a total reported market value of $2.29B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
109
Positions
$2.29B
Total AUM (reported)
59.08M
Total Shares
Allocation by class
COM$867.04M37.9%
RUSSELL 2000 ETF$266.16M11.6%
CL A$188.93M8.3%
TR UNIT$133.24M5.8%
SHS$117.30M5.1%
CORE S&P500 ETF$103.74M4.5%
COM NEW$99.45M4.3%
Portfolio Concentration
Top 3$613.70M26.8%
4–10$539.48M23.6%
11–25$473.45M20.7%
Rest$660.38M28.9%
Top 3 weight
26.8%
Top 10 weight
50.4%
Voting Authority Distribution
Total shares with voting rights: 59.08M
Sole
Full voting authority
59.08M
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)
Sole109
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings109
Rows:
ISHARES TR
SOLEShares1.10M
TypeSH
Market value$266.16M
11.64%
Sole
1.10M
Shared
0.00
None
0.00
TESLA INC
SOLEShares481.89K
TypeSH
Market value$214.31M
9.37%
Sole
481.89K
Shared
0.00
None
0.00
SPDR S&P 500 ETF TR
SOLEShares200K
TypeSH
Market value$133.24M
5.83%
Sole
200K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares155K
TypeSH
Market value$103.74M
4.54%
Sole
155K
Shared
0.00
None
0.00
TENET HEALTHCARE CORP
SOLEShares426K
TypeSH
Market value$86.49M
3.78%
Sole
426K
Shared
0.00
None
0.00
ARK ETF TR
SOLEShares1M
TypeSH
Market value$86.30M
3.77%
Sole
1M
Shared
0.00
None
0.00
RB GLOBAL INC
SOLEShares685.56K
TypeSH
Market value$74.29M
3.25%
Sole
685.56K
Shared
0.00
None
0.00
SELECT SECTOR SPDR TR
SOLEShares531K
TypeSH
Market value$73.90M
3.23%
Sole
531K
Shared
0.00
None
0.00
UIPATH INC
SOLEShares4.71M
TypeSH
Market value$63.05M
2.76%
Sole
4.71M
Shared
0.00
None
0.00
SPDR SERIES TRUST
SOLEShares600K
TypeSH
Market value$51.71M
2.26%
Sole
600K
Shared
0.00
None
0.00
SHIFT4 PMTS INC
SOLEShares632.84K
TypeSH
Market value$48.98M
2.14%
Sole
632.84K
Shared
0.00
None
0.00
PG&E CORP
SOLEShares2.80M
TypeSH
Market value$42.22M
1.85%
Sole
2.80M
Shared
0.00
None
0.00
NUTANIX INC
SOLEShares556.65K
TypeSH
Market value$41.41M
1.81%
Sole
556.65K
Shared
0.00
None
0.00
KENVUE INC
SOLEShares2.42M
TypeSH
Market value$39.29M
1.72%
Sole
2.42M
Shared
0.00
None
0.00
PERRIGO CO PLC
SOLEShares1.58M
TypeSH
Market value$35.23M
1.54%
Sole
1.58M
Shared
0.00
None
0.00
ALIGHT INC
SOLEShares10.05M
TypeSH
Market value$32.77M
1.43%
Sole
10.05M
Shared
0.00
None
0.00
ECOLAB INC
SOLEShares117.82K
TypeSH
Market value$32.27M
1.41%
Sole
117.82K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares300K
TypeSH
Market value$32.17M
1.41%
Sole
300K
Shared
0.00
None
0.00
EDISON INTL
SOLEShares468K
TypeSH
Market value$25.87M
1.13%
Sole
468K
Shared
0.00
None
0.00
ISHARES INC
SOLEShares832.80K
TypeSH
Market value$25.82M
1.13%
Sole
832.80K
Shared
0.00
None
0.00
CAPRI HOLDINGS LIMITED
SOLEShares1.27M
TypeSH
Market value$25.25M
1.10%
Sole
1.27M
Shared
0.00
None
0.00
CVS HEALTH CORP
SOLEShares310K
TypeSH
Market value$23.37M
1.02%
Sole
310K
Shared
0.00
None
0.00
DICKS SPORTING GOODS INC
SOLEShares104.43K
TypeSH
Market value$23.21M
1.01%
Sole
104.43K
Shared
0.00
None
0.00
BIRKENSTOCK HOLDING PLC
SOLEShares506.07K
TypeSH
Market value$22.90M
1.00%
Sole
506.07K
Shared
0.00
None
0.00
ALCOA CORP
SOLEShares690K
TypeSH
Market value$22.69M
0.99%
Sole
690K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES TRSOLE | RUSSELL 2000 ETF | 1.10M | SH | $266.16M 11.64% | 1.10M | 0.00 | 0.00 |
TESLA INCSOLE | COM | 481.89K | SH | $214.31M 9.37% | 481.89K | 0.00 | 0.00 |
SPDR S&P 500 ETF TRSOLE | TR UNIT | 200K | SH | $133.24M 5.83% | 200K | 0.00 | 0.00 |
ISHARES TRSOLE | CORE S&P500 ETF | 155K | SH | $103.74M 4.54% | 155K | 0.00 | 0.00 |
TENET HEALTHCARE CORPSOLE | COM NEW | 426K | SH | $86.49M 3.78% | 426K | 0.00 | 0.00 |
ARK ETF TRSOLE | INNOVATION ETF | 1M | SH | $86.30M 3.77% | 1M | 0.00 | 0.00 |
RB GLOBAL INCSOLE | COM | 685.56K | SH | $74.29M 3.25% | 685.56K | 0.00 | 0.00 |
SELECT SECTOR SPDR TRSOLE | SBI HEALTHCARE | 531K | SH | $73.90M 3.23% | 531K | 0.00 | 0.00 |
UIPATH INCSOLE | CL A | 4.71M | SH | $63.05M 2.76% | 4.71M | 0.00 | 0.00 |
SPDR SERIES TRUSTSOLE | S&P RETAIL ETF | 600K | SH | $51.71M 2.26% | 600K | 0.00 | 0.00 |
SHIFT4 PMTS INCSOLE | CL A | 632.84K | SH | $48.98M 2.14% | 632.84K | 0.00 | 0.00 |
PG&E CORPSOLE | COM | 2.80M | SH | $42.22M 1.85% | 2.80M | 0.00 | 0.00 |
NUTANIX INCSOLE | CL A | 556.65K | SH | $41.41M 1.81% | 556.65K | 0.00 | 0.00 |
KENVUE INCSOLE | COM | 2.42M | SH | $39.29M 1.72% | 2.42M | 0.00 | 0.00 |
PERRIGO CO PLCSOLE | SHS | 1.58M | SH | $35.23M 1.54% | 1.58M | 0.00 | 0.00 |
ALIGHT INCSOLE | COM CL A | 10.05M | SH | $32.77M 1.43% | 10.05M | 0.00 | 0.00 |
ECOLAB INCSOLE | COM | 117.82K | SH | $32.27M 1.41% | 117.82K | 0.00 | 0.00 |
ISHARES TRSOLE | US HOME CONS ETF | 300K | SH | $32.17M 1.41% | 300K | 0.00 | 0.00 |
EDISON INTLSOLE | COM | 468K | SH | $25.87M 1.13% | 468K | 0.00 | 0.00 |
ISHARES INCSOLE | MSCI BRAZIL ETF | 832.80K | SH | $25.82M 1.13% | 832.80K | 0.00 | 0.00 |
CAPRI HOLDINGS LIMITEDSOLE | SHS | 1.27M | SH | $25.25M 1.10% | 1.27M | 0.00 | 0.00 |
CVS HEALTH CORPSOLE | COM | 310K | SH | $23.37M 1.02% | 310K | 0.00 | 0.00 |
DICKS SPORTING GOODS INCSOLE | COM | 104.43K | SH | $23.21M 1.01% | 104.43K | 0.00 | 0.00 |
BIRKENSTOCK HOLDING PLCSOLE | COM SHS | 506.07K | SH | $22.90M 1.00% | 506.07K | 0.00 | 0.00 |
ALCOA CORPSOLE | COM | 690K | SH | $22.69M 0.99% | 690K | 0.00 | 0.00 |
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