Bw Gestao De Investimentos Ltda. Portfolio Stock Holdings

Bw Gestao De Investimentos Ltda. disclosed 258 stock positions valued at approximately $2.2 billion in its latest SEC 13F filing. The largest holdings include ISHARES TR, RB GLOBAL INC, and TENET HEALTHCARE CORP. The filing reflects positions held as of March 31, 2026 and was filed on April 28, 2026.

Report Period
March 31, 2026
No. of Stocks
258
Portfolio Value
$2.2B
Holdings by Sector
Bw Gestao De Investimentos Ltda. Portfolio Holdings in Q1 2026

235 holdings in the latest reporting period.

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CompanySymbolSectorPortfolio %SharesChange (Shares)Change %Value
ISHARES TRIVVOther8.72%300,036-438,806-59.39%$195,986,516
RB GLOBAL INCRBAIndustrials3.09%725,236-60,711-7.72%$69,513,871
TENET HEALTHCARE CORPTHCHealthcare2.69%320,480-36,955-10.34%$60,477,781
SELECT SECTOR SPDR TRXLUOther1.84%900,000-250,000-21.74%$41,301,000
ECHOSTAR CORPSATSTechnology1.77%340,534+80,663+31.04%$39,866,315
SABLE OFFSHORE CORPSOCEnergy1.56%2,129,105+661,883+45.11%$35,172,815
GLOBAL X FDSCOPXOther1.39%410,050+410,050+100.00%$31,307,318
BROADCOM INCAVGOTechnology1.38%99,900+79,900+399.50%$30,920,049
SELECT SECTOR SPDR TRXLVOther1.31%201,000-65,000-24.44%$29,468,610
AMERICAN AIRLINES GROUP INCAALIndustrials1.18%2,468,000+1,863,000+307.93%$26,506,320
SHERWIN WILLIAMS COSHWBasic Materials1.11%77,858+22,644+41.01%$24,957,382
NUTANIX INCNTNXTechnology1.06%629,564-33,510-5.05%$23,929,728
BLACKSTONE INCBXFinancial Services1.00%195,580+46,804+31.46%$22,489,744
ECOLAB INCECLBasic Materials0.97%82,354-38,433-31.82%$21,907,811
DICKS SPORTING GOODS INCDKSConsumer Cyclical0.96%108,365+4,317+4.15%$21,487,696
CAPRI HOLDINGS LIMITEDCPRIOther0.94%1,197,136-70,237-5.54%$21,093,536
SOUTHERN COSOUtilities0.90%209,292+209,292+100.00%$20,200,864
AMERICAN ELEC PWR CO INCAEPUtilities0.89%153,248-16,613-9.78%$20,087,748
ALCOA CORPAABasic Materials0.89%302,358+224,903+290.37%$20,055,406
XCEL ENERGY INCXELUtilities0.86%244,237+1,780+0.73%$19,402,187
COMFORT SYS USA INCFIXIndustrials0.86%14,023+14,023+100.00%$19,337,577
MICROSOFT CORPMSFTTechnology0.85%51,809+21,833+72.83%$19,178,138
ROSS STORES INCROSTConsumer Cyclical0.85%87,691+79,896+1024.96%$18,996,501
PARKER-HANNIFIN CORPPHIndustrials0.84%21,068+7,359+53.68%$18,860,916
TALEN ENERGY CORPTLNOther0.84%58,984+907+1.56%$18,829,462
CONSOLIDATED EDISON INCEDUtilities0.82%163,042-18,023-9.95%$18,453,094
GLOBANT S AL44385109Other0.81%395,524+36,037+10.02%$18,237,612
UIPATH INCPATHTechnology0.81%1,638,950-1,393,200-45.95%$18,192,345
CENTURY ALUM COCENXBasic Materials0.81%308,758+125,089+68.11%$18,121,007
PAN AMERN SILVER CORPPAASBasic Materials0.77%316,199+160,219+102.72%$17,273,951
FREEPORT MCMORAN INCFCXBasic Materials0.76%289,832+82,894+40.06%$17,036,325
APPLE INCAAPLTechnology0.75%66,396+32,930+98.40%$16,850,641
ISHARES SILVER TRSLVOther0.73%240,475+240,475+100.00%$16,385,967
WILLIAMS COS INCWMBEnergy0.71%220,000+220,000+100.00%$16,011,600
CENTERPOINT ENERGY INCCNPUtilities0.71%369,592+155,604+72.72%$15,951,591
AMRIZE LTDAMRZOther0.70%281,311+149,854+113.99%$15,759,042
ZIONS BANCORPORATION NATL ASZIONFinancial Services0.68%265,000+265,000+100.00%$15,269,300
SOUTHWEST GAS HLDGS INCSWXUtilities0.64%165,257-9,590-5.48%$14,360,833
IDACORP INCIDAUtilities0.63%99,581+8,841+9.74%$14,237,096
WARNER BROS DISCOVERY INCWBDCommunication Services0.63%515,928+100,000+24.04%$14,167,383
PLANET FITNESS MASTER ISSUERPLNTConsumer Cyclical0.63%189,638+41,086+27.66%$14,105,274
UGI CORP NEWUGIUtilities0.61%377,800-23,794-5.92%$13,759,476
INTERNATIONAL FLAVORS&FRAGRAIFFBasic Materials0.58%180,357-73,947-29.08%$13,084,900
H2O AMERICASJWUtilities0.58%220,941+139,739+172.09%$12,962,608
NRG ENERGY INCNRGUtilities0.57%87,698-68,197-43.75%$12,816,186
GLOBAL X FDSLITOther0.57%172,000+172,000+100.00%$12,788,200
FLAGSTAR BANK NATIONAL ASSOCNYCBOther0.56%950,000-50,000-5.00%$12,511,500
GILDAN ACTIVEWEAR INCGILConsumer Cyclical0.56%224,406+158,542+240.71%$12,488,194
BANKUNITED INCBKUFinancial Services0.54%270,000+95,000+54.29%$12,193,200
UNITED AIRLS HLDGS INCUALIndustrials0.54%132,400+57,400+76.53%$12,190,068
CLOUDFLARE INCNETTechnology0.54%58,779+58,779+100.00%$12,128,459
GLOBAL X FDSURAOther0.54%248,800-19,300-7.20%$12,049,384
CURTISS WRIGHT CORPCWIndustrials0.53%17,575-1,914-9.82%$11,970,684
SHARKNINJA INCSNOther0.50%105,646+8,174+8.39%$11,187,911
TESLA INCTSLAConsumer Cyclical0.50%30,000+30,000+100.00%$11,152,500
AMAZON COM INCAMZNConsumer Cyclical0.49%52,871+9,852+22.90%$11,011,443
COLUMBIA BKG SYS INCCOLBFinancial Services0.49%400,000+50,000+14.29%$10,972,000
CIENA CORPCIENTechnology0.49%28,085+28,085+100.00%$10,903,440
NEXTPOWER INCNXTTechnology0.47%87,706-68,189-43.74%$10,572,958
VISTRA CORPVSTUtilities0.47%70,132+70,132+100.00%$10,542,944
DIGITALOCEAN HLDGS INCDOCNTechnology0.47%122,624+122,624+100.00%$10,518,687
PG&E CORPPCGUtilities0.46%583,172-342,616-37.01%$10,246,332
FIRSTENERGY CORPFEUtilities0.45%200,293-138,605-40.90%$10,146,843
ISHARES TREEMOther0.44%175,009+175,009+100.00%$9,938,761
GE AEROSPACEGEIndustrials0.44%34,889+34,889+100.00%$9,900,452
SPDR SERIES TRUSTXHBOther0.44%100,000+100,000+100.00%$9,872,000
CELESTICA INCCLSTechnology0.44%35,042+3,863+12.39%$9,870,631
LUMENTUM HLDGS INCLITETechnology0.44%14,016-21,060-60.04%$9,849,884
INVESCO EXCHANGE TRADED FD TRSPOther0.42%49,778-1,449,322-96.68%$9,553,394
MORGAN STANLEYMSFinancial Services0.42%57,756+10,811+23.03%$9,504,905
EVERGY INCEVRGUtilities0.42%114,100-106,073-48.18%$9,347,072
STIFEL FINL CORPSFFinancial Services0.41%124,967+76,967+160.35%$9,237,561
CAPITAL ONE FINL CORPCOFFinancial Services0.41%50,480-57,126-53.09%$9,209,066
KINROSS GOLD CORPKGCBasic Materials0.41%300,542+300,542+100.00%$9,172,542
KEYCORPKEYFinancial Services0.41%456,944+456,944+100.00%$9,161,727
EVE HLDG INCEVEXIndustrials0.41%3,686,140--$9,141,627
AFFILIATED MANAGERS GROUPAMGFinancial Services0.41%33,000-9,000-21.43%$9,131,100
BLACK HILLS CORPBKHUtilities0.40%130,738+44,519+51.63%$9,074,525
WINTRUST FINL CORPWTFCFinancial Services0.40%65,000+65,000+100.00%$9,031,100
DELTA AIR LINES INCDALIndustrials0.40%133,836+10,836+8.81%$8,897,417
ARCELORMITTAL SA LUXEMBOURGMTBasic Materials0.40%171,149-28,851-14.43%$8,896,325
JPMORGAN CHASE & COJPMFinancial Services0.39%30,020-26,097-46.50%$8,830,683
FRANCO NEV CORPFNVBasic Materials0.39%35,702+35,702+100.00%$8,820,179
WASTE CONNECTIONS INCWCNIndustrials0.39%54,239+12,609+30.29%$8,810,583
CELSIUS HLDGS INCCELHConsumer Defensive0.39%245,377+50,508+25.92%$8,705,976
VALLEY NATL BANCORPVLYFinancial Services0.38%700,000+700,000+100.00%$8,596,000
REVVITY INCRVTYHealthcare0.38%96,830+96,830+100.00%$8,483,276
JETBLUE AIRWAYS CORPJBLUIndustrials0.36%1,850,000+1,850,000+100.00%$8,177,000
PENN ENTERTAINMENT INCPENNConsumer Cyclical0.36%534,514-282,603-34.59%$8,033,745
VALE S AVALEBasic Materials0.35%500,000+500,000+100.00%$7,955,000
VISTA ENERGY S.A.B. DE C.V.VISTEnergy0.35%105,222+60,722+136.45%$7,941,104
CARLYLE GROUP INCCGFinancial Services0.34%160,000+160,000+100.00%$7,742,400
SK TELECOM CO LTDSKMCommunication Services0.34%264,247+264,247+100.00%$7,739,795
ALBEMARLE CORPALBBasic Materials0.34%42,621-89,629-67.77%$7,651,748
PENNYMAC FINL SVCS INC NEWPFSIFinancial Services0.34%87,500-2,500-2.78%$7,647,500
SERVICENOW INCNOWTechnology0.34%72,311+72,311+100.00%$7,560,115
ALLY FINL INCALLYFinancial Services0.33%189,968+189,968+100.00%$7,452,445
SOUTHWEST AIRLS COLUVIndustrials0.32%190,089-33,494-14.98%$7,141,644
TIMKEN COTKRIndustrials0.31%70,183-54,547-43.73%$7,058,304
AMER SPORTS INCASOther0.31%210,953+132,895+170.25%$6,944,573
Bw Gestao De Investimentos Ltda. Options Holdings in Q1 2026

12 options positions in the latest reporting period.

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QuarterSymbolCompanyOptionContractsNotional Value
Q1 2026SPYSPDR S&P 500PUT400,000$260,136,000
Q1 2026IWMiShares Russell 2000 ETFPUT900,000$223,200,000
Q1 2026TSLATesla, Inc.PUT200,000$74,350,000
Q1 2026QQQInvesco QQQ Trust, Series 1PUT100,000$57,718,000
Q1 2026IWMiShares Russell 2000 ETFCALL150,000$37,200,000
Q1 2026IGViShares Expanded Tech-Software CALL400,000$32,020,000
Q1 2026COFCapital One Financial CorporatiCALL150,000$27,364,500
Q1 2026MUMicron Technology, Inc.PUT50,000$16,892,000
Q1 2026NTNXNutanix, Inc.CALL400,000$15,204,000
Q1 2026CPRICapri HoldingsCALL400,000$7,048,000
Q1 2026PATHUiPath, Inc.CALL500,000$5,550,000
Q1 2026VRNSVaronis Systems, Inc.CALL200,000$4,294,000

Notional value represents the total exposure of the options position.