BW Gestao de Investimentos Ltda.

$3.0B reported 13(f) long value · latest quarter 2026-03-31 · CIK 1568280 · EDGAR ↗

sum of disclosed values for 2026-03-31; 0 positions carry a NULL value and are excluded from the sum, surfaced here rather than folded away: $3.0B
ALL retained default holdings for this (filer, period), including NULL-value ones: 270
positions with no comparable holding in the prior quarter (kind new), 2026-03-31: 135
positions absent from this quarter's filing after being held last quarter (kind exit), 2026-03-31 — inferred from absence, not a sale record: 70

A quarter-end snapshot. Filed up to 45 days later, so this page is not current holdings and never a complete portfolio. what a 13F is — and is not ↓ methodology §13F ↗

Position changes — into 2026-03-31

by shares · Δ value · filing link · how changes are classified §

Position changes into quarter 2026-03-31
position matched across quarters by exact reported CUSIP over a registry gap — producer-reconciled identity, never a name match `identity_reconciled_by_cusip`	the reported share count is unchanged across the pair; this build's data classified the change from its reported value; builds from 2026-09-10 on read it as NO CHANGE `classified_by_value` · EXIT = absent this quarter: disposed, delisted, under confidential treatment, or reported instead by an affiliated manager — the filing does not say which · change not classifiable: value undisclosed on one side of the quarter pair, or neither shares nor value can classify it · NO CHANGE = the share count is identical in both quarters; the value moved only with price, so the row is mark-to-market and never an ADD or a TRIM (NEW / ADD / TRIM / EXIT / NO CHANGE) · NO PRIOR = this filer has no comparable holdings list for the previous quarter on record — a first filing under this registration, or a quarter reported inside an affiliated manager's filing — so the position is not called a new stake	derived by Public Filings from the published aggregate; NULL means the source did not disclose a usable value — never zero	reported unit changed across the pair (SH↔PRN); the share delta is withheld rather than fabricated `shares_unit_mismatch`	Prev value	Curr value	Prev shares	Curr shares
position key `pos:11570` · issuer key `iss:1599` TR UNIT PUT	TRIM	−$251M	−350,000	$511M	$260M	750,000	400,000
position key `pos:15702` · issuer key `iss:1012` RUSSELL 2000 ETF PUT	TRIM	−$96.8M	−400,000	$320M	$223M	1,300,000	900,000
position key `pos:10307` · issuer key `iss:1012` CORE S&P500 ETF	TRIM	−$310M	−438,806	$506M	$196M	738,842	300,036
position key `pos:10357` · issuer key `iss:1786` COM PUT	NEW	+$74.4M	+200,000	$0	$74.4M	—	200,000
position key `pos:17824` · issuer key `iss:1514` COM	TRIM	−$11.3M	−60,711	$80.9M	$69.5M	785,947	725,236
position key `pos:17130` · issuer key `iss:1776` COM NEW	TRIM	−$10.6M	−36,955	$71.0M	$60.5M	357,435	320,480
position key `pos:11173` · issuer key `iss:995` UNIT SER 1 PUT	TRIM	−$127M	−200,000	$184M	$57.7M	300,000	100,000
position key `pos:17300` · issuer key `cusip6:81369Y` STATE STREET UTI	TRIM	−$7.8M	−250,000	$49.1M	$41.3M	1,150,000	900,000
position key `pos:13249` · issuer key `iss:632` CL A	ADD	+$11.6M	+80,663	$28.2M	$39.9M	259,871	340,534
position key `pos:15702` · issuer key `iss:1012` RUSSELL 2000 ETF CALL	TRIM	−$36.6M	−150,000	$73.8M	$37.2M	300,000	150,000
position key `pos:15447` · issuer key `cusip6:78574H` COM SHS	ADD	+$21.9M	+661,883	$13.2M	$35.2M	1,467,222	2,129,105
position key `pos:15179` · issuer key `iss:1012` EXPANDED TECH CALL	NEW	+$32.0M	+400,000	$0	$32.0M	—	400,000
position key `sid:sec:prov:eccbebd4ae697b4cc5b742610cdbf1dd` · issuer key `cusip6:37954Y` GLOBAL X COPPER	NEW	+$31.3M	+410,050	$0	$31.3M	—	410,050
position key `pos:12827` · issuer key `iss:323` COM	ADD	+$24.0M	+79,900	$6.9M	$30.9M	20,000	99,900
position key `sid:sec:prov:2b5902c05a996d81adf5ce01e71326f4` · issuer key `cusip6:81369Y` STATE STREET HEA	TRIM	−$11.7M	−65,000	$41.2M	$29.5M	266,000	201,000
position key `pos:16278` · issuer key `iss:390` COM CALL	NEW	+$27.4M	+150,000	$0	$27.4M	—	150,000
position key `pos:15494` · issuer key `iss:98` COM	ADD	+$17.2M	+1,863,000	$9.3M	$26.5M	605,000	2,468,000
position key `pos:13768` · issuer key `iss:1651` COM	ADD	+$7.1M	+22,644	$17.9M	$25.0M	55,214	77,858
position key `pos:11791` · issuer key `iss:1333` CL A	TRIM	−$10.3M	−33,510	$34.3M	$23.9M	663,074	629,564
position key `pos:15622` · issuer key `iss:282` COM	ADD	−$443K	+46,804	$22.9M	$22.5M	148,776	195,580
position key `pos:16716` · issuer key `iss:633` COM	TRIM	−$9.8M	−38,433	$31.7M	$21.9M	120,787	82,354
position key `pos:18087` · issuer key `iss:578` COM	ADD	+$889K	+4,317	$20.6M	$21.5M	104,048	108,365
position key `pos:15111` · issuer key `iss:2070` SHS	TRIM	−$9.8M	−70,237	$30.9M	$21.1M	1,267,373	1,197,136
position key `pos:13738` · issuer key `iss:1698` COM	NEW	+$20.2M	+209,292	$0	$20.2M	—	209,292
position key `pos:11461` · issuer key `iss:102` COM	TRIM	+$501K	−16,613	$19.6M	$20.1M	169,861	153,248
position key `pos:14868` · issuer key `iss:68` COM	ADD	+$15.9M	+224,903	$4.1M	$20.1M	77,455	302,358
position key `pos:15409` · issuer key `iss:1212` COM CL A	ADD	+$13.3M	+290,000	$6.3M	$19.6M	150,000	440,000
position key `pos:13598` · issuer key `iss:1994` COM	ADD	+$1.5M	+1,780	$17.9M	$19.4M	242,457	244,237
position key `pos:17974` · issuer key `iss:488` COM	NEW	+$19.3M	+14,023	$0	$19.3M	—	14,023
position key `pos:11825` · issuer key `iss:1225` COM	ADD	+$4.7M	+21,833	$14.5M	$19.2M	29,976	51,809
position key `pos:10663` · issuer key `iss:1575` COM	ADD	+$17.6M	+79,896	$1.4M	$19.0M	7,795	87,691
position key `pos:10128` · issuer key `iss:1413` COM	ADD	+$6.8M	+7,359	$12.0M	$18.9M	13,709	21,068
position key `pos:15958` · issuer key `iss:1753` COM	ADD	−$2.9M	+907	$21.8M	$18.8M	58,077	58,984
position key `pos:11354` · issuer key `iss:506` COM	TRIM	+$470K	−18,023	$18.0M	$18.5M	181,065	163,042
position key `pos:12241` · issuer key `iss:2267` COM	ADD	−$5.3M	+36,037	$23.5M	$18.2M	359,487	395,524
position key `pos:11654` · issuer key `iss:1847` CL A	TRIM	−$31.5M	−1,393,200	$49.7M	$18.2M	3,032,150	1,638,950
position key `pos:17283` · issuer key `iss:425` COM	ADD	+$10.9M	+125,089	$7.2M	$18.1M	183,669	308,758
position key `pos:16659` · issuer key `iss:1408` COM	ADD	+$9.2M	+160,219	$8.1M	$17.3M	155,980	316,199
position key `pos:10501` · issuer key `iss:779` CL B	ADD	+$6.5M	+82,894	$10.5M	$17.0M	206,938	289,832
position key `pos:12993` · issuer key `iss:1898` COM CL A	NEW	+$16.9M	+1,074,345	$0	$16.9M	—	1,074,345
position key `pos:15221` · issuer key `iss:1228` COM PUT	NEW	+$16.9M	+50,000	$0	$16.9M	—	50,000
position key `pos:13215` · issuer key `iss:144` COM	ADD	+$7.8M	+32,930	$9.1M	$16.9M	33,466	66,396
position key `pos:11024` · issuer key `iss:1014` ISHARES	NEW	+$16.4M	+240,475	$0	$16.4M	—	240,475
position key `pos:15560` · issuer key `iss:1973` COM	NEW	+$16.0M	+220,000	$0	$16.0M	—	220,000
position key `pos:11170` · issuer key `iss:421` COM	ADD	+$7.7M	+155,604	$8.2M	$16.0M	213,988	369,592
position key `pos:16477` · issuer key `iss:760` COM SHS CL A	NEW	+$15.8M	+540,000	$0	$15.8M	—	540,000
position key `pos:14766` · issuer key `iss:2259` SHS	ADD	+$8.6M	+149,854	$7.1M	$15.8M	131,457	281,311
position key `pos:15612` · issuer key `iss:2009` COM	NEW	+$15.3M	+265,000	$0	$15.3M	—	265,000
position key `pos:11791` · issuer key `iss:1333` CL A CALL	NEW	+$15.2M	+400,000	$0	$15.2M	—	400,000
position key `pos:17299` · issuer key `iss:2076` ORD SHS	ADD	+$472K	+1,577,621	$14.5M	$15.0M	4,345,321	5,922,942
position key `pos:11606` · issuer key `iss:1702` COM	TRIM	+$370K	−9,590	$14.0M	$14.4M	174,847	165,257
position key `pos:12594` · issuer key `iss:951` COM	ADD	+$2.8M	+8,841	$11.5M	$14.2M	90,740	99,581
position key `pos:13463` · issuer key `iss:1942` COM SER A	ADD	+$2.2M	+100,000	$12.0M	$14.2M	415,928	515,928
position key `pos:10376` · issuer key `iss:1461` CL A	ADD	−$2.0M	+41,086	$16.1M	$14.1M	148,552	189,638
position key `pos:15631` · issuer key `iss:1841` COM	TRIM	−$1.3M	−23,794	$15.0M	$13.8M	401,594	377,800
position key `pos:16727` · issuer key `iss:991` COM	TRIM	−$4.1M	−73,947	$17.1M	$13.1M	254,304	180,357
position key `pos:10194` · issuer key `iss:1593` COM	ADD	+$9.0M	+139,739	$4.0M	$13.0M	81,202	220,941
position key `pos:11582` · issuer key `iss:1267` COM NEW	TRIM	−$12.0M	−68,197	$24.8M	$12.8M	155,895	87,698
position key `sid:sec:prov:be176e77eb8e8343181c9cdad494dc39` · issuer key `cusip6:37954Y` LITHIUM BTRY ETF	NEW	+$12.8M	+172,000	$0	$12.8M	—	172,000
position key `pos:16694` · issuer key `iss:1302` COM NEW	TRIM	−$78.5K	−50,000	$12.6M	$12.5M	1,000,000	950,000
position key `pos:12154` · issuer key `iss:822` COM	ADD	+$8.4M	+158,542	$4.1M	$12.5M	65,864	224,406
position key `pos:15524` · issuer key `iss:236` COM	ADD	+$4.4M	+95,000	$7.8M	$12.2M	175,000	270,000
position key `pos:10809` · issuer key `iss:1858` COM	ADD	+$3.8M	+57,400	$8.4M	$12.2M	75,000	132,400
position key `pos:10499` · issuer key `iss:469` CL A COM	NEW	+$12.1M	+58,779	$0	$12.1M	—	58,779
position key `sid:sec:prov:03a8d614b00ecef565651990155645eb` · issuer key `cusip6:37954Y` GLOBAL X URANIUM	TRIM	+$593K	−19,300	$11.5M	$12.0M	268,100	248,800
position key `pos:17976` · issuer key `iss:547` COM	TRIM	+$1.2M	−1,914	$10.7M	$12.0M	19,489	17,575
position key `pos:17728` · issuer key `iss:1455` COM	NEW	+$11.9M	+137,604	$0	$11.9M	—	137,604
position key `pos:10705` · issuer key `iss:2209` COM SHS	ADD	+$281K	+8,174	$10.9M	$11.2M	97,472	105,646
position key `pos:10357` · issuer key `iss:1786` COM	NEW	+$11.2M	+30,000	$0	$11.2M	—	30,000
position key `pos:14175` · issuer key `iss:95` COM	ADD	+$1.1M	+9,852	$9.9M	$11.0M	43,019	52,871
position key `pos:13607` · issuer key `iss:485` COM	ADD	+$1.2M	+50,000	$9.8M	$11.0M	350,000	400,000
position key `pos:16143` · issuer key `iss:448` COM NEW	NEW	+$10.9M	+28,085	$0	$10.9M	—	28,085
position key `pos:10925` · issuer key `iss:1309` CLASS A COM	TRIM	−$3.0M	−68,189	$13.6M	$10.6M	155,895	87,706
position key `pos:11219` · issuer key `iss:1925` COM	NEW	+$10.5M	+70,132	$0	$10.5M	—	70,132
position key `pos:13589` · issuer key `iss:584` COM	NEW	+$10.5M	+122,624	$0	$10.5M	—	122,624
position key `pos:12151` · issuer key `iss:1391` COM	TRIM	−$4.6M	−342,616	$14.9M	$10.2M	925,788	583,172
position key `pos:11120` · issuer key `iss:749` COM	TRIM	−$5.0M	−138,605	$15.2M	$10.1M	338,898	200,293
position key `pos:13160` · issuer key `iss:1012` MSCI EMG MKT ETF	NEW	+$9.9M	+175,009	$0	$9.9M	—	175,009
position key `pos:12492` · issuer key `iss:810` COM NEW	NEW	+$9.9M	+34,889	$0	$9.9M	—	34,889
position key `pos:15321` · issuer key `iss:1602` STATE STREET SPD	NEW	+$9.9M	+100,000	$0	$9.9M	—	100,000
position key `pos:15005` · issuer key `iss:415` COM	ADD	+$654K	+3,863	$9.2M	$9.9M	31,179	35,042
position key `pos:17670` · issuer key `iss:1145` COM	TRIM	−$3.1M	−21,060	$12.9M	$9.8M	35,076	14,016
position key `sid:sec:prov:fb4dd60b1539f2f6470b821b0dced66b` · issuer key `cusip6:G21307` COM CL A	TRIM	+$1.6M	−85,000	$8.2M	$9.8M	2,010,665	1,925,665
position key `pos:12759` · issuer key `iss:1867` COM SHS	NEW	+$9.7M	+1,028,818	$0	$9.7M	—	1,028,818
position key `pos:15152` · issuer key `iss:1000` S&P500 EQL WGT	TRIM	−$278M	−1,449,322	$287M	$9.6M	1,499,100	49,778
position key `pos:11621` · issuer key `iss:1253` COM NEW	ADD	+$1.2M	+10,811	$8.3M	$9.5M	46,945	57,756
position key `pos:12600` · issuer key `iss:694` COM	TRIM	−$6.6M	−106,073	$16.0M	$9.3M	220,173	114,100
position key `pos:16942` · issuer key `iss:1410` COM CL B	ADD	+$1.7M	+464,187	$7.6M	$9.3M	564,914	1,029,101
position key `pos:15755` · issuer key `iss:1719` COM	ADD	+$3.2M	+76,967	$6.0M	$9.2M	48,000	124,967
position key `pos:16278` · issuer key `iss:390` COM	TRIM	−$16.9M	−57,126	$26.1M	$9.2M	107,606	50,480
position key `pos:17793` · issuer key `iss:1061` COM	NEW	+$9.2M	+300,542	$0	$9.2M	—	300,542
position key `pos:16729` · issuer key `iss:1054` COM	NEW	+$9.2M	+456,944	$0	$9.2M	—	456,944
position key `pos:14857` · issuer key `iss:51` COM	TRIM	−$3.0M	−9,000	$12.1M	$9.1M	42,000	33,000
position key `pos:17217` · issuer key `iss:273` COM	ADD	+$3.1M	+44,519	$6.0M	$9.1M	86,219	130,738
position key `pos:12987` · issuer key `iss:1979` COM	NEW	+$9.0M	+65,000	$0	$9.0M	—	65,000
position key `pos:12359` · issuer key `iss:566` COM NEW	ADD	+$361K	+10,836	$8.5M	$8.9M	123,000	133,836
position key `sid:sec:prov:dfc258937165c462fd1ad3d4e37e4beb` · issuer key `cusip6:03938L` NY REGISTRY SH	TRIM	−$218K	−28,851	$9.1M	$8.9M	200,000	171,149
position key `pos:18039` · issuer key `iss:1025` COM	TRIM	−$9.3M	−26,097	$18.1M	$8.8M	56,117	30,020
position key `pos:10483` · issuer key `iss:777` COM	NEW	+$8.8M	+35,702	$0	$8.8M	—	35,702
position key `pos:16804` · issuer key `iss:1945` COM	ADD	+$1.5M	+12,609	$7.3M	$8.8M	41,630	54,239

Flags: no row carries a flag.

1–20 of the 100 changes on this page

Mark-to-market only (no share change) · 8

Positions whose share count is identical in both quarters; the value changed with price, not with a decision.

Positions held with no share change into quarter 2026-03-31
position matched across quarters by exact reported CUSIP over a registry gap — producer-reconciled identity, never a name match `identity_reconciled_by_cusip`	the reported share count is unchanged across the pair; this build's data classified the change from its reported value; builds from 2026-09-10 on read it as NO CHANGE `classified_by_value` · EXIT = absent this quarter: disposed, delisted, under confidential treatment, or reported instead by an affiliated manager — the filing does not say which · change not classifiable: value undisclosed on one side of the quarter pair, or neither shares nor value can classify it · NO CHANGE = the share count is identical in both quarters; the value moved only with price, so the row is mark-to-market and never an ADD or a TRIM (NEW / ADD / TRIM / EXIT / NO CHANGE) · NO PRIOR = this filer has no comparable holdings list for the previous quarter on record — a first filing under this registration, or a quarter reported inside an affiliated manager's filing — so the position is not called a new stake	derived by Public Filings from the published aggregate; NULL means the source did not disclose a usable value — never zero	Prev value	Curr value	Prev shares	Curr shares
position key `sid:sec:prov:0befaea9161cd0690da52313a43e4b88` · issuer key `cusip6:29970N` COM	NO CHANGE	−$5.6M	$14.7M	$9.1M	3,686,140	3,686,140
position key `pos:14553` · issuer key `cusip6:00214Q` INNOVATION ETF	NO CHANGE	−$817K	$6.7M	$5.9M	87,577	87,577
position key `pos:11654` · issuer key `iss:1847` CL A CALL	NO CHANGE	−$2.6M	$8.2M	$5.6M	500,000	500,000
position key `pos:10798` · issuer key `iss:2283` SHS	NO CHANGE	−$263K	$5.8M	$5.5M	40,000	40,000
position key `sid:sec:prov:9886204f7314eeb6ea4d19d9d7721d16` · issuer key `cusip6:78468R` STATE STREET SPD	NO CHANGE	+$998K	$2.3M	$3.3M	17,955	17,955
position key `pos:18083` · issuer key `iss:1781` COM	NO CHANGE	+$286K	$2.7M	$3.0M	50,000	50,000
position key `pos:10703` · issuer key `iss:389` COM	NO CHANGE	−$310K	$1.1M	$807K	71,015	71,015
position key `pos:13432` · issuer key `iss:411` COM	NO CHANGE	+$92.2K	$390K	$482K	680	680

Flags: no row carries a flag.

Newest filing in this build: 2026-07-31. Per-row filing dates are on each receipt.

Truncated by Public Filings. Changes compare every position with a security identifier, new and exited included; holdings without one are counted, not compared. methodology §13F ↗

Reported positions — 2026-03-31

1–100 of 256 issuers · $3.0B disclosed value over 270 rows · 0 undisclosed-value rows

View

This build carries one quarter for this manager: 2026-03-31. Notable managers carry four published quarters, others two.

This list carries reported issuer names and security identities, without a dated ticker mapping. Symbols are not inferred from names.

a position composed from a base filing plus NEW-HOLDINGS amendments keeps every source row here; the composition's latest filed date is the one shown served from this build's published holdings (derived from the filer's own reported rows); every row resolves to its filing

Share of total reported value, calculated only when the full position list has disclosed values. This is 13F long value, not total assets.

value undisclosed on the filing: retained and counted, excluded from sums, never shown as $0

—

ISHARES TR

5 positions · 5 reported rows

Rows BW Gestao de Investimentos Ltda. reported for ISHARES TR, as it reported them
ISHARES TR · RUSSELL 2000 ETF · PUT CUSIP — src ↗	$223M	900,000
ISHARES TR · CORE S&P500 ETF CUSIP — src ↗	$196M	300,036
ISHARES TR · RUSSELL 2000 ETF · CALL CUSIP — src ↗	$37.2M	150,000
ISHARES TR · EXPANDED TECH · CALL CUSIP — src ↗	$32.0M	400,000
ISHARES TR · MSCI EMG MKT ETF CUSIP — src ↗	$9.9M	175,009

ticker not yet mapped

$498M

1,925,045

16.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

STATE STR SPDR S&P 500 ETF T · TR UNIT · PUT CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$260M

400,000

8.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

TESLA INC

2 positions · 2 reported rows

Rows BW Gestao de Investimentos Ltda. reported for TESLA INC, as it reported them
TESLA INC · COM · PUT CUSIP — src ↗	$74.4M	200,000
TESLA INC · COM CUSIP — src ↗	$11.2M	30,000

$85.5M

230,000

2.8%

—

SELECT SECTOR SPDR TR

2 positions · 2 reported rows

Rows BW Gestao de Investimentos Ltda. reported for SELECT SECTOR SPDR TR, as it reported them
SELECT SECTOR SPDR TR · STATE STREET UTI CUSIP — src ↗	$41.3M	900,000
SELECT SECTOR SPDR TR · STATE STREET HEA CUSIP 81369Y209 src ↗	$29.5M	201,000

ticker not yet mapped

$70.8M

1,101,000

2.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

RB GLOBAL INC · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$69.5M

725,236

2.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

TENET HEALTHCARE CORP · COM NEW CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$60.5M

320,480

2.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

INVESCO QQQ TR · UNIT SER 1 · PUT CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$57.7M

100,000

1.9%

—

GLOBAL X FDS

3 positions · 3 reported rows

Rows BW Gestao de Investimentos Ltda. reported for GLOBAL X FDS, as it reported them
GLOBAL X FDS · GLOBAL X COPPER CUSIP 37954Y830 src ↗	$31.3M	410,050
GLOBAL X FDS · LITHIUM BTRY ETF CUSIP 37954Y855 src ↗	$12.8M	172,000
GLOBAL X FDS · GLOBAL X URANIUM CUSIP 37954Y871 src ↗	$12.0M	248,800

ticker not yet mapped

$56.1M

830,850

1.9%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ECHOSTAR CORP · CL A CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$39.9M

340,534

1.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

NUTANIX INC

2 positions · 2 reported rows

Rows BW Gestao de Investimentos Ltda. reported for NUTANIX INC, as it reported them
NUTANIX INC · CL A CUSIP — src ↗	$23.9M	629,564
NUTANIX INC · CL A · CALL CUSIP — src ↗	$15.2M	400,000

$39.1M

1,029,564

1.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CAPITAL ONE FINL CORP

2 positions · 2 reported rows

Rows BW Gestao de Investimentos Ltda. reported for CAPITAL ONE FINL CORP, as it reported them
CAPITAL ONE FINL CORP · COM · CALL CUSIP — src ↗	$27.4M	150,000
CAPITAL ONE FINL CORP · COM CUSIP — src ↗	$9.2M	50,480

$36.6M

200,480

1.2%

—

SABLE OFFSHORE CORP · COM SHS CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

ticker not yet mapped

$35.2M

2,129,105

1.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

BROADCOM INC · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$30.9M

99,900

1.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CAPRI HOLDINGS LIMITED

2 positions · 2 reported rows

Rows BW Gestao de Investimentos Ltda. reported for CAPRI HOLDINGS LIMITED, as it reported them
CAPRI HOLDINGS LIMITED · SHS CUSIP — src ↗	$21.1M	1,197,136
CAPRI HOLDINGS LIMITED · SHS · CALL CUSIP — src ↗	$7.0M	400,000

$28.1M

1,597,136

0.9%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

AMERICAN AIRLINES GROUP INC · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$26.5M

2,468,000

0.9%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

SHERWIN WILLIAMS CO · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$25.0M

77,858

0.8%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

UIPATH INC

2 positions · 2 reported rows

Rows BW Gestao de Investimentos Ltda. reported for UIPATH INC, as it reported them
UIPATH INC · CL A CUSIP — src ↗	$18.2M	1,638,950
UIPATH INC · CL A · CALL CUSIP — src ↗	$5.6M	500,000

$23.7M

2,138,950

0.8%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

BLACKSTONE INC · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$22.5M

195,580

0.7%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ECOLAB INC · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$21.9M

82,354

0.7%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

DICKS SPORTING GOODS INC · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$21.5M

108,365

0.7%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

SOUTHERN CO · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$20.2M

209,292

0.7%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

AMERICAN ELEC PWR CO INC · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$20.1M

153,248

0.7%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ALCOA CORP · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$20.1M

302,358

0.7%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

MEDLINE INC · COM CL A CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$19.6M

440,000

0.7%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

XCEL ENERGY INC · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$19.4M

244,237

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

COMFORT SYS USA INC · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$19.3M

14,023

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

MICROSOFT CORP · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$19.2M

51,809

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ROSS STORES INC · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$19.0M

87,691

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

PARKER-HANNIFIN CORP · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$18.9M

21,068

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

TALEN ENERGY CORP · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$18.8M

58,984

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CONSOLIDATED EDISON INC · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$18.5M

163,042

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

GLOBANT S A · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$18.2M

395,524

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CENTURY ALUM CO · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$18.1M

308,758

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

PAN AMERN SILVER CORP · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$17.3M

316,199

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

FREEPORT MCMORAN INC · CL B CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$17.0M

289,832

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

VENTURE GLOBAL INC · COM CL A CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$16.9M

1,074,345

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

MICRON TECHNOLOGY INC · COM · PUT CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$16.9M

50,000

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

APPLE INC · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$16.9M

66,396

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ISHARES SILVER TR · ISHARES CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$16.4M

240,475

0.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

WILLIAMS COS INC · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$16.0M

220,000

0.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CENTERPOINT ENERGY INC · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$16.0M

369,592

0.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

FORGENT POWER SOLUTIONS INC · COM SHS CL A CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$15.8M

540,000

0.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

AMRIZE LTD · SHS CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$15.8M

281,311

0.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ZIONS BANCORPORATION NATL AS · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$15.3M

265,000

0.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CLARIVATE PLC · ORD SHS CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$15.0M

5,922,942

0.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

SOUTHWEST GAS HLDGS INC · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$14.4M

165,257

0.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

IDACORP INC · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$14.2M

99,581

0.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

WARNER BROS DISCOVERY INC · COM SER A CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$14.2M

515,928

0.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

PLANET FITNESS MASTER ISSUER · CL A CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$14.1M

189,638

0.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

UGI CORP NEW · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$13.8M

377,800

0.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

INTERNATIONAL FLAVORS&FRAGRA · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$13.1M

180,357

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

H2O AMERICA · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$13.0M

220,941

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

NRG ENERGY INC · COM NEW CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$12.8M

87,698

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

FLAGSTAR BANK NATIONAL ASSOC · COM NEW CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$12.5M

950,000

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

GILDAN ACTIVEWEAR INC · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$12.5M

224,406

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

BANKUNITED INC · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$12.2M

270,000

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

UNITED AIRLS HLDGS INC · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$12.2M

132,400

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CLOUDFLARE INC · CL A COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$12.1M

58,779

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CURTISS WRIGHT CORP · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$12.0M

17,575

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

PINNACLE FINL PARTNERS INC · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$11.9M

137,604

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

SHARKNINJA INC · COM SHS CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$11.2M

105,646

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

AMAZON COM INC · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$11.0M

52,871

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

COLUMBIA BKG SYS INC · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$11.0M

400,000

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CIENA CORP · COM NEW CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$10.9M

28,085

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

NEXTPOWER INC · CLASS A COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$10.6M

87,706

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

VISTRA CORP · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$10.5M

70,132

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

DIGITALOCEAN HLDGS INC · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$10.5M

122,624

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

PG&E CORP · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$10.2M

583,172

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

FIRSTENERGY CORP · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$10.1M

200,293

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

GE AEROSPACE · COM NEW CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$9.9M

34,889

0.3%

—

SPDR SERIES TRUST · STATE STREET SPD CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

ticker not yet mapped

$9.9M

100,000

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CELESTICA INC · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$9.9M

35,042

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

LUMENTUM HLDGS INC · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$9.8M

14,016

0.3%

—

CI&T INC · COM CL A CUSIP G21307106
2026-03-31 filed 2026-04-28 +28d

src ↗

ticker not yet mapped

$9.8M

1,925,665

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

UNITI GROUP LLC · COM SHS CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$9.7M

1,028,818

0.3%

—

INVESCO EXCHANGE TRADED FD T · S&P500 EQL WGT CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

ticker not yet mapped

$9.6M

49,778

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

MORGAN STANLEY · COM NEW CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$9.5M

57,756

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

EVERGY INC · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$9.3M

114,100

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

PARAMOUNT SKYDANCE CORP · COM CL B CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$9.3M

1,029,101

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

STIFEL FINL CORP · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$9.2M

124,967

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

KINROSS GOLD CORP · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$9.2M

300,542

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

KEYCORP · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$9.2M

456,944

0.3%

—

EVE HLDG INC · COM CUSIP 29970N104
2026-03-31 filed 2026-04-28 +28d

src ↗

ticker not yet mapped

$9.1M

3,686,140

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

AFFILIATED MANAGERS GROUP · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$9.1M

33,000

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

BLACK HILLS CORP · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$9.1M

130,738

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

WINTRUST FINL CORP · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$9.0M

65,000

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

DELTA AIR LINES INC · COM NEW CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$8.9M

133,836

0.3%

—

ARCELORMITTAL SA LUXEMBOURG · NY REGISTRY SH CUSIP 03938L203
2026-03-31 filed 2026-04-28 +28d

src ↗

ticker not yet mapped

$8.9M

171,149

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

JPMORGAN CHASE & CO · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$8.8M

30,020

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

FRANCO NEV CORP · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$8.8M

35,702

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

WASTE CONNECTIONS INC · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$8.8M

54,239

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

COREWEAVE INC · COM CL A CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$8.7M

112,560

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CELSIUS HLDGS INC · COM NEW CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$8.7M

245,377

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

VALLEY NATL BANCORP · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$8.6M

700,000

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

VERSANT MEDIA GROUP INC · COM CL A CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$8.5M

230,000

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

REVVITY INC · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$8.5M

96,830

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

SOLSTICE ADVANCED MATLS INC · COM SHS CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$8.4M

110,000

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

JETBLUE AIRWAYS CORP · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$8.2M

1,850,000

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

PENN ENTERTAINMENT INC · COM CUSIP —
2026-03-31 filed 2026-04-28 +28d

src ↗

$8.0M

534,514

0.3%

—

VARONIS SYS INC

2 positions · 2 reported rows

Rows BW Gestao de Investimentos Ltda. reported for VARONIS SYS INC, as it reported them
VARONIS SYS INC · COM · CALL CUSIP 922280102 src ↗	$4.3M	200,000
VARONIS SYS INC · COM CUSIP 922280102 src ↗	$3.7M	171,584

ticker not yet mapped

$8.0M

371,584

0.3%

1–20 of the 100 issuers on this page

Change kind and share change are in Position changes above; Congress overlap is planned.

One line per issuer, largest first; a row with no issuer key stands on its own line. Open a line for its rows as this filer reported them. The list holds every row this filer reported for the quarter. Issuer totals on the holders pages count each manager's own report once; that never removes a row here. how positions are grouped ↗

Book shape

2026-03-31 · concentration · vs tracked median · tick = median

Top-25 concentration: 48.1%below median 80.0%
Concentration index: 226 bpsbelow median 446 bps
Positions with value: 270 / 270median book 97.5 positions

Concentration uses reported 13F long value, not total assets. The index is withheld when any position lacks a value. Medians are over the 8,748 tracked filers with a 2026-03-31 book; the index median over the 8,662 with a complete book.

holdings whose <value> did not parse — retained and counted, never zero-filled: 0 · share of the period's disclosed value held in the top-N positions; denominator is reported 13F value, not total assets: 48.1% · integer Herfindahl–Hirschman index in basis points over disclosed position values: 226 · QoQ moves: 340

Filing history

AVAILABLE QUARTERS

Available filing periods
Period	Source
2026-03-31	EDGAR ↗

PLANNED sector rotation · Congress overlap · signals for this filer

Complete source filings on SEC EDGAR

The complete filing on EDGAR.

The position list above is served from the published Public Filings build, each position as this filer reported it; where the page cannot embed every reported row, the list says how many it leaves out. This block is provenance, not a substitute: the filing itself is the record, and it is one click away. Public Filings decided on 2026-08-01 to serve this list from its published build; filings newer than this build are on EDGAR.

Open BW Gestao de Investimentos Ltda.'s 13F filings on SEC EDGAR ↗

Notes on this data

Reported positions

Quarter-end holdings as filed

Explore the full published position list and its source filing. This record excludes the manager’s cash, shorts and non-13(f) assets.

Share changes

Compare consecutive quarters

Position changes retain the producer’s classification and comparability flags. Share counts and reported values describe different changes.

Coverage

A snapshot, not current holdings

Use the quarter selector to inspect available periods. Unknown values stay unknown and each table states its coverage.

A 13F is a quarterly, long-only snapshot filed up to 45 days late — not current holdings. what a 13F covers ↗

13F reports cover LONG positions in Section 13(f) securities (US exchange-traded equities plus reportable options, warrants, certain convertibles) held by managers with at least $100M in such securities — so managers below that threshold are absent entirely. No short positions, no cash, no non-13(f) assets — not a full portfolio, and not a census of institutional ownership.

Positions are quarter-end snapshots filed up to 45 days late — not current holdings. A position may have been changed or closed before you ever see it, and is older still by however long ago that quarter ended.

Values are the manager's stated market value at quarter-end in era-dependent units (whole dollars for form versions effective 2023-01-03 onward, thousands before), normalized here to whole dollars with unit_basis carried on every record.

Affiliated managers may report the same position (otherManager), so one position can appear under more than one filer.

Positions under confidential treatment may be omitted until a later amendment discloses them.

These are disclosures, not investment advice (ARCHITECTURE.md §5.2 / M2-CONTRACT §5).