Filed: 2/10/2026ACC: 0001568280-26-000002
📋 What this filing means
BW GESTAO DE INVESTIMENTOS LTDA. filed this quarterly 13F‑HR report disclosing 192 equity positions with a total reported market value of $4.43B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
192
Positions
$4.43B
Total AUM (reported)
74.98M
Total Shares
Allocation by class
COM$1.33B30.0%
TR UNIT$545.54M12.3%
CORE S&P500 ETF$506.06M11.4%
RUSSELL 2000 ETF$393.86M8.9%
S&P500 EQL WGT$287.17M6.5%
UNIT SER 1$276.44M6.2%
CL A$238.82M5.4%
Portfolio Concentration
Top 3$1.45B32.6%
4–10$1.00B22.6%
11–25$512.19M11.6%
Rest$1.47B33.2%
Top 3 weight
32.6%
Top 10 weight
55.2%
Voting Authority Distribution
Total shares with voting rights: 74.98M
Sole
Full voting authority
74.98M
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)
Sole192
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings192
Rows:
SPDR S&P 500 ETF TR
SOLEShares800K
TypeSH
Market value$545.54M
12.31%
Sole
800K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares738.84K
TypeSH
Market value$506.06M
11.42%
Sole
738.84K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares1.60M
TypeSH
Market value$393.86M
8.89%
Sole
1.60M
Shared
0.00
None
0.00
INVESCO EXCHANGE TRADED FD T
SOLEShares1.50M
TypeSH
Market value$287.17M
6.48%
Sole
1.50M
Shared
0.00
None
0.00
INVESCO QQQ TR
SOLEShares450K
TypeSH
Market value$276.44M
6.24%
Sole
450K
Shared
0.00
None
0.00
MICRON TECHNOLOGY INC
SOLEShares439.80K
TypeSH
Market value$125.52M
2.83%
Sole
439.80K
Shared
0.00
None
0.00
KRANESHARES TRUST
SOLEShares2.40M
TypeSH
Market value$81.72M
1.84%
Sole
2.40M
Shared
0.00
None
0.00
RB GLOBAL INC
SOLEShares785.95K
TypeSH
Market value$80.85M
1.82%
Sole
785.95K
Shared
0.00
None
0.00
BROADCOM INC
SOLEShares220K
TypeSH
Market value$76.14M
1.72%
Sole
220K
Shared
0.00
None
0.00
UIPATH INC
SOLEShares4.53M
TypeSH
Market value$74.28M
1.68%
Sole
4.53M
Shared
0.00
None
0.00
TENET HEALTHCARE CORP
SOLEShares357.44K
TypeSH
Market value$71.03M
1.60%
Sole
357.44K
Shared
0.00
None
0.00
SELECT SECTOR SPDR TR
SOLEShares1.15M
TypeSH
Market value$49.09M
1.11%
Sole
1.15M
Shared
0.00
None
0.00
SHIFT4 PMTS INC
SOLEShares689.79K
TypeSH
Market value$43.44M
0.98%
Sole
689.79K
Shared
0.00
None
0.00
SELECT SECTOR SPDR TR
SOLEShares266K
TypeSH
Market value$41.18M
0.93%
Sole
266K
Shared
0.00
None
0.00
NUTANIX INC
SOLEShares663.07K
TypeSH
Market value$34.27M
0.77%
Sole
663.07K
Shared
0.00
None
0.00
ECOLAB INC
SOLEShares120.79K
TypeSH
Market value$31.71M
0.72%
Sole
120.79K
Shared
0.00
None
0.00
CAPRI HOLDINGS LIMITED
SOLEShares1.27M
TypeSH
Market value$30.92M
0.70%
Sole
1.27M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares300K
TypeSH
Market value$28.89M
0.65%
Sole
300K
Shared
0.00
None
0.00
ECHOSTAR CORP
SOLEShares259.87K
TypeSH
Market value$28.25M
0.64%
Sole
259.87K
Shared
0.00
None
0.00
SPDR SERIES TRUST
SOLEShares416.92K
TypeSH
Market value$27.02M
0.61%
Sole
416.92K
Shared
0.00
None
0.00
WARNER BROS DISCOVERY INC
SOLEShares915.93K
TypeSH
Market value$26.40M
0.60%
Sole
915.93K
Shared
0.00
None
0.00
CAPITAL ONE FINL CORP
SOLEShares107.61K
TypeSH
Market value$26.08M
0.59%
Sole
107.61K
Shared
0.00
None
0.00
SPDR SERIES TRUST
SOLEShares300K
TypeSH
Market value$25.59M
0.58%
Sole
300K
Shared
0.00
None
0.00
NRG ENERGY INC
SOLEShares155.90K
TypeSH
Market value$24.82M
0.56%
Sole
155.90K
Shared
0.00
None
0.00
GLOBANT S A
SOLEShares359.49K
TypeSH
Market value$23.50M
0.53%
Sole
359.49K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SPDR S&P 500 ETF TRSOLE | TR UNIT | 800K | SH | $545.54M 12.31% | 800K | 0.00 | 0.00 |
ISHARES TRSOLE | CORE S&P500 ETF | 738.84K | SH | $506.06M 11.42% | 738.84K | 0.00 | 0.00 |
ISHARES TRSOLE | RUSSELL 2000 ETF | 1.60M | SH | $393.86M 8.89% | 1.60M | 0.00 | 0.00 |
INVESCO EXCHANGE TRADED FD TSOLE | S&P500 EQL WGT | 1.50M | SH | $287.17M 6.48% | 1.50M | 0.00 | 0.00 |
INVESCO QQQ TRSOLE | UNIT SER 1 | 450K | SH | $276.44M 6.24% | 450K | 0.00 | 0.00 |
MICRON TECHNOLOGY INCSOLE | COM | 439.80K | SH | $125.52M 2.83% | 439.80K | 0.00 | 0.00 |
KRANESHARES TRUSTSOLE | CSI CHI INTERNET | 2.40M | SH | $81.72M 1.84% | 2.40M | 0.00 | 0.00 |
RB GLOBAL INCSOLE | COM | 785.95K | SH | $80.85M 1.82% | 785.95K | 0.00 | 0.00 |
BROADCOM INCSOLE | COM | 220K | SH | $76.14M 1.72% | 220K | 0.00 | 0.00 |
UIPATH INCSOLE | CL A | 4.53M | SH | $74.28M 1.68% | 4.53M | 0.00 | 0.00 |
TENET HEALTHCARE CORPSOLE | COM NEW | 357.44K | SH | $71.03M 1.60% | 357.44K | 0.00 | 0.00 |
SELECT SECTOR SPDR TRSOLE | STATE STREET UTI | 1.15M | SH | $49.09M 1.11% | 1.15M | 0.00 | 0.00 |
SHIFT4 PMTS INCSOLE | CL A | 689.79K | SH | $43.44M 0.98% | 689.79K | 0.00 | 0.00 |
SELECT SECTOR SPDR TRSOLE | STATE STREET HEA | 266K | SH | $41.18M 0.93% | 266K | 0.00 | 0.00 |
NUTANIX INCSOLE | CL A | 663.07K | SH | $34.27M 0.77% | 663.07K | 0.00 | 0.00 |
ECOLAB INCSOLE | COM | 120.79K | SH | $31.71M 0.72% | 120.79K | 0.00 | 0.00 |
CAPRI HOLDINGS LIMITEDSOLE | SHS | 1.27M | SH | $30.92M 0.70% | 1.27M | 0.00 | 0.00 |
ISHARES TRSOLE | US HOME CONS ETF | 300K | SH | $28.89M 0.65% | 300K | 0.00 | 0.00 |
ECHOSTAR CORPSOLE | CL A | 259.87K | SH | $28.25M 0.64% | 259.87K | 0.00 | 0.00 |
SPDR SERIES TRUSTSOLE | STATE STREET SPD | 416.92K | SH | $27.02M 0.61% | 416.92K | 0.00 | 0.00 |
WARNER BROS DISCOVERY INCSOLE | COM SER A | 915.93K | SH | $26.40M 0.60% | 915.93K | 0.00 | 0.00 |
CAPITAL ONE FINL CORPSOLE | COM | 107.61K | SH | $26.08M 0.59% | 107.61K | 0.00 | 0.00 |
SPDR SERIES TRUSTSOLE | STATE STREET SPD | 300K | SH | $25.59M 0.58% | 300K | 0.00 | 0.00 |
NRG ENERGY INCSOLE | COM NEW | 155.90K | SH | $24.82M 0.56% | 155.90K | 0.00 | 0.00 |
GLOBANT S ASOLE | COM | 359.49K | SH | $23.50M 0.53% | 359.49K | 0.00 | 0.00 |
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