Filed: 2/13/2026ACC: 0001589176-26-000001
📋 What this filing means
SPX GESTAO DE RECURSOS LTDA filed this quarterly 13F‑HR report disclosing 73 equity positions with a total reported market value of $978.95M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
73
Positions
$978.95M
Total AUM (reported)
51.96M
Total Shares
Allocation by class
COM$183.79M18.8%
SPONSORED ADR$140.09M14.3%
COM CL A$136.93M14.0%
CL A$119.09M12.2%
CSI CHI INTERNET$70.67M7.2%
TR UNIT$55.52M5.7%
SHS CLASS -A -$55.43M5.7%
Portfolio Concentration
Top 3$216.80M22.1%
4–10$379.00M38.7%
11–25$294.80M30.1%
Rest$88.36M9.0%
Top 3 weight
22.1%
Top 10 weight
60.9%
Voting Authority Distribution
Total shares with voting rights: 51.96M
Sole
Full voting authority
0.00
shares
% of voting shares0.0%
Shared
Joint voting authority
51.96M
shares
% of voting shares100.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole0
Shared0
Other73
Dominant voting typeShared · 100.0% of voting shares
Institutional Holdings73
Rows:
STONECO LTD-A
DFNDShares5.24M
TypeSH
Market value$77.45M
7.91%
Sole
0.00
Shared
5.24M
None
0.00
KRANESHARES CSI CHINA
DFNDShares2.08M
TypeSH
Market value$70.67M
7.22%
Sole
0.00
Shared
2.08M
None
0.00
XP INC - CLASS A
DFNDShares4.20M
TypeSH
Market value$68.68M
7.02%
Sole
0.00
Shared
4.20M
None
0.00
PETROLEO BRASILEIRO ADR
DFNDShares4.89M
TypeSH
Market value$57.92M
5.92%
Sole
0.00
Shared
4.89M
None
0.00
CREDICORP
DFNDShares199.08K
TypeSH
Market value$57.14M
5.84%
Sole
0.00
Shared
199.08K
None
0.00
STATE STREET SPDR S&P 500 ETF
DFNDShares81.42K
TypeSH
Market value$55.52M
5.67%
Sole
0.00
Shared
81.42K
None
0.00
ARCOS DORADOS HOLDINGS INC
DFNDShares7.55M
TypeSH
Market value$55.43M
5.66%
Sole
0.00
Shared
7.55M
None
0.00
FIRST SOLAR INC
DFNDShares204.25K
TypeSH
Market value$53.36M
5.45%
Sole
0.00
Shared
204.25K
None
0.00
VINCI COMPASS INVESTMENTS LTD
DFNDShares4M
TypeSH
Market value$52.17M
5.33%
Sole
0.00
Shared
4M
None
0.00
COPA HOLDINGS SA
DFNDShares393.54K
TypeSH
Market value$47.47M
4.85%
Sole
0.00
Shared
393.54K
None
0.00
AURA MINERALS INC
DFNDShares877.21K
TypeSH
Market value$44.22M
4.52%
Sole
0.00
Shared
877.21K
None
0.00
TRANSPORT GAS SUR B ADR
DFNDShares1.21M
TypeSH
Market value$37.52M
3.83%
Sole
0.00
Shared
1.21M
None
0.00
RIO TINTO PLC
DFNDShares468.42K
TypeSH
Market value$37.49M
3.83%
Sole
0.00
Shared
468.42K
None
0.00
MICRON TECHNOLOGY INC
DFNDShares90K
TypeSH
Market value$25.69M
2.62%
Sole
0.00
Shared
90K
None
0.00
ALIBABA GROUP HOLDING LTD
DFNDShares150K
TypeSH
Market value$21.99M
2.25%
Sole
0.00
Shared
150K
None
0.00
BP PLC
DFNDShares523.23K
TypeSH
Market value$18.17M
1.86%
Sole
0.00
Shared
523.23K
None
0.00
GERDAU SA
DFNDShares4.89M
TypeSH
Market value$18.06M
1.84%
Sole
0.00
Shared
4.89M
None
0.00
LATAM AIRLINES GROUP-SP ADR
DFNDShares328.46K
TypeSH
Market value$17.74M
1.81%
Sole
0.00
Shared
328.46K
None
0.00
PETROLEO BRASILEIRO SA PETRO
DFNDShares1.17M
TypeSH
Market value$13.22M
1.35%
Sole
0.00
Shared
1.17M
None
0.00
SHARKNINJA INC
DFNDShares104.17K
TypeSH
Market value$11.66M
1.19%
Sole
0.00
Shared
104.17K
None
0.00
BANCO BRADESCO
DFNDShares3.44M
TypeSH
Market value$11.45M
1.17%
Sole
0.00
Shared
3.44M
None
0.00
EVE HOLDING INC
DFNDShares2.85M
TypeSH
Market value$11.35M
1.16%
Sole
0.00
Shared
2.85M
None
0.00
CORPAY INC
DFNDShares29.26K
TypeSH
Market value$8.81M
0.90%
Sole
0.00
Shared
29.26K
None
0.00
CIA PARANAENSE DE ENER-ADR
DFNDShares918.13K
TypeSH
Market value$8.73M
0.89%
Sole
0.00
Shared
918.13K
None
0.00
GLOBANT SA
DFNDShares133.16K
TypeSH
Market value$8.70M
0.89%
Sole
0.00
Shared
133.16K
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
STONECO LTD-ADFND | COM CL A | 5.24M | SH | $77.45M 7.91% | 0.00 | 5.24M | 0.00 |
KRANESHARES CSI CHINADFND | CSI CHI INTERNET | 2.08M | SH | $70.67M 7.22% | 0.00 | 2.08M | 0.00 |
XP INC - CLASS ADFND | CL A | 4.20M | SH | $68.68M 7.02% | 0.00 | 4.20M | 0.00 |
PETROLEO BRASILEIRO ADRDFND | SPONSORED ADR | 4.89M | SH | $57.92M 5.92% | 0.00 | 4.89M | 0.00 |
CREDICORPDFND | COM | 199.08K | SH | $57.14M 5.84% | 0.00 | 199.08K | 0.00 |
STATE STREET SPDR S&P 500 ETFDFND | TR UNIT | 81.42K | SH | $55.52M 5.67% | 0.00 | 81.42K | 0.00 |
ARCOS DORADOS HOLDINGS INCDFND | SHS CLASS -A - | 7.55M | SH | $55.43M 5.66% | 0.00 | 7.55M | 0.00 |
FIRST SOLAR INCDFND | COM | 204.25K | SH | $53.36M 5.45% | 0.00 | 204.25K | 0.00 |
VINCI COMPASS INVESTMENTS LTDDFND | COM CL A | 4M | SH | $52.17M 5.33% | 0.00 | 4M | 0.00 |
COPA HOLDINGS SADFND | CL A | 393.54K | SH | $47.47M 4.85% | 0.00 | 393.54K | 0.00 |
AURA MINERALS INCDFND | SHS NEW | 877.21K | SH | $44.22M 4.52% | 0.00 | 877.21K | 0.00 |
TRANSPORT GAS SUR B ADRDFND | SPONSORED ADS B | 1.21M | SH | $37.52M 3.83% | 0.00 | 1.21M | 0.00 |
RIO TINTO PLCDFND | SPONSORED ADR | 468.42K | SH | $37.49M 3.83% | 0.00 | 468.42K | 0.00 |
MICRON TECHNOLOGY INCDFND | COM | 90K | SH | $25.69M 2.62% | 0.00 | 90K | 0.00 |
ALIBABA GROUP HOLDING LTDDFND | SPONSORED ADS | 150K | SH | $21.99M 2.25% | 0.00 | 150K | 0.00 |
BP PLCDFND | SPONSORED ADR | 523.23K | SH | $18.17M 1.86% | 0.00 | 523.23K | 0.00 |
GERDAU SADFND | SPON ADR REP PFD | 4.89M | SH | $18.06M 1.84% | 0.00 | 4.89M | 0.00 |
LATAM AIRLINES GROUP-SP ADRDFND | SPONSORED ADR | 328.46K | SH | $17.74M 1.81% | 0.00 | 328.46K | 0.00 |
PETROLEO BRASILEIRO SA PETRODFND | SP ADR NON VTG | 1.17M | SH | $13.22M 1.35% | 0.00 | 1.17M | 0.00 |
SHARKNINJA INCDFND | COM SHS | 104.17K | SH | $11.66M 1.19% | 0.00 | 104.17K | 0.00 |
BANCO BRADESCODFND | SP ADR PFD NEW | 3.44M | SH | $11.45M 1.17% | 0.00 | 3.44M | 0.00 |
EVE HOLDING INCDFND | COM | 2.85M | SH | $11.35M 1.16% | 0.00 | 2.85M | 0.00 |
CORPAY INCDFND | COM SHS | 29.26K | SH | $8.81M 0.90% | 0.00 | 29.26K | 0.00 |
CIA PARANAENSE DE ENER-ADRDFND | SPONSORED ADS | 918.13K | SH | $8.73M 0.89% | 0.00 | 918.13K | 0.00 |
GLOBANT SADFND | COM | 133.16K | SH | $8.70M 0.89% | 0.00 | 133.16K | 0.00 |
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