Filed: 4/28/2026ACC: 0001568280-26-000003
📋 What this filing means
BW GESTAO DE INVESTIMENTOS LTDA. filed this quarterly 13F‑HR report disclosing 263 equity positions with a total reported market value of $3.01B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
263
Positions
$3.01B
Total AUM (reported)
70.95M
Total Shares
Allocation by class
COM$1.28B42.5%
RUSSELL 2000 ETF$260.40M8.7%
TR UNIT$260.14M8.6%
CORE S&P500 ETF$195.99M6.5%
CL A$159.84M5.3%
COM NEW$153.28M5.1%
COM SHS$96.12M3.2%
Portfolio Concentration
Top 3$716.52M23.8%
4–10$393.51M13.1%
11–25$404.98M13.5%
Rest$1.49B49.6%
Top 3 weight
23.8%
Top 10 weight
36.9%
Voting Authority Distribution
Total shares with voting rights: 70.95M
Sole
Full voting authority
70.95M
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)
Sole263
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings263
Rows:
ISHARES TR
SOLEShares1.05M
TypeSH
Market value$260.40M
8.65%
Sole
1.05M
Shared
0.00
None
0.00
STATE STR SPDR S&P 500 ETF T
SOLEShares400K
TypeSH
Market value$260.14M
8.65%
Sole
400K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares300.04K
TypeSH
Market value$195.99M
6.51%
Sole
300.04K
Shared
0.00
None
0.00
TESLA INC
SOLEShares230K
TypeSH
Market value$85.50M
2.84%
Sole
230K
Shared
0.00
None
0.00
RB GLOBAL INC
SOLEShares725.24K
TypeSH
Market value$69.51M
2.31%
Sole
725.24K
Shared
0.00
None
0.00
TENET HEALTHCARE CORP
SOLEShares320.48K
TypeSH
Market value$60.48M
2.01%
Sole
320.48K
Shared
0.00
None
0.00
INVESCO QQQ TR
SOLEShares100K
TypeSH
Market value$57.72M
1.92%
Sole
100K
Shared
0.00
None
0.00
SELECT SECTOR SPDR TR
SOLEShares900K
TypeSH
Market value$41.30M
1.37%
Sole
900K
Shared
0.00
None
0.00
ECHOSTAR CORP
SOLEShares340.53K
TypeSH
Market value$39.87M
1.32%
Sole
340.53K
Shared
0.00
None
0.00
NUTANIX INC
SOLEShares1.03M
TypeSH
Market value$39.13M
1.30%
Sole
1.03M
Shared
0.00
None
0.00
CAPITAL ONE FINL CORP
SOLEShares200.48K
TypeSH
Market value$36.57M
1.22%
Sole
200.48K
Shared
0.00
None
0.00
SABLE OFFSHORE CORP
SOLEShares2.13M
TypeSH
Market value$35.17M
1.17%
Sole
2.13M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares400K
TypeSH
Market value$32.02M
1.06%
Sole
400K
Shared
0.00
None
0.00
GLOBAL X FDS
SOLEShares410.05K
TypeSH
Market value$31.31M
1.04%
Sole
410.05K
Shared
0.00
None
0.00
BROADCOM INC
SOLEShares99.90K
TypeSH
Market value$30.92M
1.03%
Sole
99.90K
Shared
0.00
None
0.00
SELECT SECTOR SPDR TR
SOLEShares201K
TypeSH
Market value$29.47M
0.98%
Sole
201K
Shared
0.00
None
0.00
CAPRI HOLDINGS LIMITED
SOLEShares1.60M
TypeSH
Market value$28.14M
0.94%
Sole
1.60M
Shared
0.00
None
0.00
AMERICAN AIRLINES GROUP INC
SOLEShares2.47M
TypeSH
Market value$26.51M
0.88%
Sole
2.47M
Shared
0.00
None
0.00
SHERWIN WILLIAMS CO
SOLEShares77.86K
TypeSH
Market value$24.96M
0.83%
Sole
77.86K
Shared
0.00
None
0.00
UIPATH INC
SOLEShares2.14M
TypeSH
Market value$23.74M
0.79%
Sole
2.14M
Shared
0.00
None
0.00
BLACKSTONE INC
SOLEShares195.58K
TypeSH
Market value$22.49M
0.75%
Sole
195.58K
Shared
0.00
None
0.00
ECOLAB INC
SOLEShares82.35K
TypeSH
Market value$21.91M
0.73%
Sole
82.35K
Shared
0.00
None
0.00
DICKS SPORTING GOODS INC
SOLEShares108.36K
TypeSH
Market value$21.49M
0.71%
Sole
108.36K
Shared
0.00
None
0.00
SOUTHERN CO
SOLEShares209.29K
TypeSH
Market value$20.20M
0.67%
Sole
209.29K
Shared
0.00
None
0.00
AMERICAN ELEC PWR CO INC
SOLEShares153.25K
TypeSH
Market value$20.09M
0.67%
Sole
153.25K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES TRSOLE | RUSSELL 2000 ETF | 1.05M | SH | $260.40M 8.65% | 1.05M | 0.00 | 0.00 |
STATE STR SPDR S&P 500 ETF TSOLE | TR UNIT | 400K | SH | $260.14M 8.65% | 400K | 0.00 | 0.00 |
ISHARES TRSOLE | CORE S&P500 ETF | 300.04K | SH | $195.99M 6.51% | 300.04K | 0.00 | 0.00 |
TESLA INCSOLE | COM | 230K | SH | $85.50M 2.84% | 230K | 0.00 | 0.00 |
RB GLOBAL INCSOLE | COM | 725.24K | SH | $69.51M 2.31% | 725.24K | 0.00 | 0.00 |
TENET HEALTHCARE CORPSOLE | COM NEW | 320.48K | SH | $60.48M 2.01% | 320.48K | 0.00 | 0.00 |
INVESCO QQQ TRSOLE | UNIT SER 1 | 100K | SH | $57.72M 1.92% | 100K | 0.00 | 0.00 |
SELECT SECTOR SPDR TRSOLE | STATE STREET UTI | 900K | SH | $41.30M 1.37% | 900K | 0.00 | 0.00 |
ECHOSTAR CORPSOLE | CL A | 340.53K | SH | $39.87M 1.32% | 340.53K | 0.00 | 0.00 |
NUTANIX INCSOLE | CL A | 1.03M | SH | $39.13M 1.30% | 1.03M | 0.00 | 0.00 |
CAPITAL ONE FINL CORPSOLE | COM | 200.48K | SH | $36.57M 1.22% | 200.48K | 0.00 | 0.00 |
SABLE OFFSHORE CORPSOLE | COM SHS | 2.13M | SH | $35.17M 1.17% | 2.13M | 0.00 | 0.00 |
ISHARES TRSOLE | EXPANDED TECH | 400K | SH | $32.02M 1.06% | 400K | 0.00 | 0.00 |
GLOBAL X FDSSOLE | GLOBAL X COPPER | 410.05K | SH | $31.31M 1.04% | 410.05K | 0.00 | 0.00 |
BROADCOM INCSOLE | COM | 99.90K | SH | $30.92M 1.03% | 99.90K | 0.00 | 0.00 |
SELECT SECTOR SPDR TRSOLE | STATE STREET HEA | 201K | SH | $29.47M 0.98% | 201K | 0.00 | 0.00 |
CAPRI HOLDINGS LIMITEDSOLE | SHS | 1.60M | SH | $28.14M 0.94% | 1.60M | 0.00 | 0.00 |
AMERICAN AIRLINES GROUP INCSOLE | COM | 2.47M | SH | $26.51M 0.88% | 2.47M | 0.00 | 0.00 |
SHERWIN WILLIAMS COSOLE | COM | 77.86K | SH | $24.96M 0.83% | 77.86K | 0.00 | 0.00 |
UIPATH INCSOLE | CL A | 2.14M | SH | $23.74M 0.79% | 2.14M | 0.00 | 0.00 |
BLACKSTONE INCSOLE | COM | 195.58K | SH | $22.49M 0.75% | 195.58K | 0.00 | 0.00 |
ECOLAB INCSOLE | COM | 82.35K | SH | $21.91M 0.73% | 82.35K | 0.00 | 0.00 |
DICKS SPORTING GOODS INCSOLE | COM | 108.36K | SH | $21.49M 0.71% | 108.36K | 0.00 | 0.00 |
SOUTHERN COSOLE | COM | 209.29K | SH | $20.20M 0.67% | 209.29K | 0.00 | 0.00 |
AMERICAN ELEC PWR CO INCSOLE | COM | 153.25K | SH | $20.09M 0.67% | 153.25K | 0.00 | 0.00 |
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