Banco BTG Pactual S.A.
CIK
1536080
Location
RIO DE JANEIRO, D5
Portfolio Value
Small
$523,892,957
Diversification
Diversified
Filing Date
Global Rank
#2,554
/ 8,624
▲ 180
· as of Mar 2026
Top Industry
Semiconductors
31.8%
3Y Alpha vs SPY
+1.1%
Period ended 4 months ago
Filed May 13, 2026 · 3mo
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Not a measure of this manager's performance.
Most of Banco BTG Pactual S.A.'s reported book is option positions, which a stock-only clone
cannot replicate. The figures below are the return of the
73% that is ordinary stock — as little as
35% in one quarter — so a manager whose options
thesis lost money can still show a large gain here.
Cloned portfolio
+71.4%
SPY
+67.7%
Annualised alpha
+0.9%
Max drawdown
−24.3%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 73% of reported value on average across 13 quarters. Past performance does not predict future results.
Portfolio Concentration
88 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
12.4%
+1.4 pts
Top 5
42.8%
+0.7 pts
Top 10
65.8%
+8.9 pts
HHI
538
Diversified+84
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 33.3% | $174,333,417 |
| Unclassified | 18.3% | $96,041,685 |
| Financial Services | 12.3% | $64,684,910 |
| Consumer Cyclical | 11.1% | $58,314,964 |
| Industrials | 8.5% | $44,511,695 |
| Basic Materials | 3.8% | $19,827,114 |
| Consumer Defensive | 3.7% | $19,593,758 |
| Healthcare | 3.0% | $15,848,062 |
| Energy | 2.7% | $14,094,870 |
| Real Estate | 1.9% | $9,871,481 |
| Utilities | 1.1% | $5,506,437 |
| Communication Services | 0.2% | $1,264,564 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
17 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| NU | Nu Holdings Ltd. | +1,538,527 | 2,509,643 | $36,063,569 | |
| IBIT | iShares Bitcoin Trust ETF | +586,744 | 617,047 | $23,706,945 | |
| AVGO | Broadcom Inc. | +144,991 | 180,682 | $55,922,885 | |
| BN | BROOKFIELD Corp /ON/ | +120,864 | 157,276 | $6,364,959 | |
| DKNG | DraftKings Inc. | +120,000 | 190,000 | $4,107,800 | |
| SPY | Spdr S&P 500 ETF Trust | +99,556 | 100,000 | $65,034,000 | |
| CPA | Copa Holdings, S.A. | +74,910 | 85,000 | $9,656,850 | |
| AUGO | Aura Minerals Inc. | +70,075 | 76,777 | $6,265,003 | |
| UBER | Uber Technologies, Inc | +55,715 | 129,605 | $9,322,487 | |
| GEV | GE Vernova Inc. | +27,000 | 34,000 | $29,678,600 | |
| CRH | Crh Public Ltd Co | +11,026 | 13,041 | $1,370,869 | |
| VST | Vistra Corp. | +10,445 | 15,000 | $2,254,950 | |
| GILD | Gilead Sciences, Inc. | +4,233 | 10,144 | $1,413,769 | |
| HWM | Howmet Aerospace Inc. | +3,522 | 10,628 | $2,449,328 | |
| CRWD | CrowdStrike Holdings, Inc. | +1,695 | 2,204 | $860,463 | |
| WDC | Western Digital Corp | +1,512 | 3,000 | $811,470 | |
| TMO | Thermo Fisher Scientific Inc. | +145 | 1,005 | $493,987 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
16 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| ENIC | Enel Chile S.A. | −374,009 | 316,008 | $1,245,071 | |
| LTM | Latam Airlines Group S.A. | −130,200 | 25,000 | $1,236,000 | |
| NVDA | Nvidia Corp | −73,454 | 208,197 | $36,309,556 | |
| GGAL | Grupo Financiero Galicia SA | −69,045 | 5,240 | $244,760 | |
| PDD | PDD Holdings Inc. | −66,962 | 2,005 | $204,870 | |
| AMZN | Amazon Com Inc | −46,514 | 97,486 | $20,303,409 | |
| MSFT | Microsoft Corp | −28,412 | 49,596 | $18,358,951 | |
| TSM | Taiwan Semiconductor Manufacturing Co Ltd | −18,831 | 91,265 | $30,843,006 | |
| V | Visa Inc. | −15,866 | 14,206 | $4,293,621 | |
| LLY | ELI LILLY & Co | −4,240 | 2,000 | $1,839,540 | |
| MA | Mastercard Inc | −2,888 | 7,757 | $3,875,862 | |
| MELI | Mercadolibre Inc | −1,974 | 506 | $874,884 | |
| BAC | Bank Of America Corp /De/ | −1,542 | 10,000 | $487,500 | |
| MU | Micron Technology Inc | −1,535 | 1,487 | $502,368 | |
| SNDK | Sandisk Corp | −314 | 891 | $566,087 | |
| JBL | Jabil Inc | −245 | 1,500 | $398,445 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| TSLA | Tesla, Inc. | 76,058 | $28,274,561 | |
| WMT | Walmart Inc. | 83,000 | $10,315,240 | |
| CI | Cigna Group | 31,768 | $8,474,114 | |
| CIB | Grupo Cibest S.A. | 83,202 | $6,057,937 | |
| WELL | Welltower Inc. | 29,666 | $5,865,264 | |
| MPWR | Monolithic Power Systems, Inc. | 4,900 | $5,357,415 | |
| NEM | NEWMONT Corp /DE/ | 47,500 | $5,141,875 | |
| WYNN | Wynn Resorts Ltd | 44,800 | $4,549,440 | |
| EXE | EXPAND ENERGY Corp | 40,096 | $4,401,738 | |
| TRGP | Targa Resources Corp. | 17,000 | $4,262,410 | |
| NXPI | NXP Semiconductors N.V. | 19,500 | $3,838,770 | |
| NUE | Nucor Corp | 21,000 | $3,551,100 | |
| JBS | Jbs N.V. | 191,081 | $3,431,814 | |
| AMD | Advanced Micro Devices Inc | 15,622 | $3,177,983 | |
| KO | Coca Cola Co | 37,500 | $2,851,875 | |
| EC | Ecopetrol S.A. | 185,952 | $2,787,420 | |
| IAU | Ishares Gold Trust | 31,220 | $2,752,355 | |
| XOM | ExxonMobil Holdings Corp | 15,580 | $2,643,302 | |
| VTR | Ventas, Inc. | 32,135 | $2,628,000 | |
| BRZE | Braze, Inc. | 100,000 | $2,361,000 | |
| SLV | iShares Silver Trust | 34,600 | $2,357,644 | |
| REGN | Regeneron Pharmaceuticals, Inc. | 2,900 | $2,240,656 | |
| AMAT | Applied Materials Inc /De | 6,000 | $2,050,740 | |
| XEL | Xcel Energy Inc | 25,257 | $2,006,416 | |
| VALE | Vale S.A. | 108,000 | $1,718,280 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| META | Meta Platforms, Inc. | 67,660 | $44,661,689 | |
| BABA | Alibaba Group Holding Ltd | 100,013 | $14,659,905 | |
| GOOGL | Alphabet Inc. | 44,120 | $13,809,560 | |
| BKNG | Booking Holdings Inc. | 2,553 | $13,672,157 | |
| FLUT | Flutter Entertainment plc | 50,000 | $10,752,000 | |
| PAM | Pampa Energy Inc. | 88,217 | $7,808,086 | |
| ADBE | Adobe Inc. | 20,000 | $6,999,800 | |
| GLOB | Globant S.A. | 103,900 | $6,791,943 | |
| NKE | NIKE, Inc. | 99,190 | $6,319,394 | |
| BRK-B | Berkshire Hathaway Inc | 10,496 | $5,275,814 | |
| SBS | Companhia De Saneamento Basico Do Estado De Sao Paulo-Sabesp | 212,083 | $5,058,179 | |
| BMA | Macro Bank Inc. | 47,477 | $4,280,526 | |
| WBD | Warner Bros. Discovery, Inc. | 144,828 | $4,173,942 | |
| HUT | Hut 8 Corp. | 85,000 | $3,904,900 | |
| TEO | Telecom Argentina SA | 327,501 | $3,802,286 | |
| C | Citigroup Inc | 31,472 | $3,672,467 | |
| JPM | Jpmorgan Chase & Co | 10,336 | $3,330,465 | |
| TGS | Gas Transporter Of The South Inc | 106,060 | $3,297,405 | |
| IFS | Intercorp Financial Services Inc. | 75,300 | $3,189,708 | |
| STNE | StoneCo Ltd. | 190,000 | $2,810,100 | |
| LPLA | LPL Financial Holdings Inc. | 7,500 | $2,678,775 | |
| UGP | Ultrapar Holdings Inc | 697,900 | $2,631,083 | |
| GDYN | Grid Dynamics Holdings, Inc. | 285,000 | $2,573,550 | |
| VTEX | Vtex | 604,100 | $2,271,416 | |
| KOF | Coca Cola Femsa Sab De CV | 21,279 | $2,015,334 | |
| No positions match the current search. | ||||
88 tracked positions ·
$523,892,957 total
· filing declares
185 positions · $1,144,241,186
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 88 positions by value
· page 1 of 2
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| SPY |
Spdr S&P 500 ETF Trust
PUT
+ SHARES
|
Added | 100,000 | $65,034,000 | 12.41% | |
| AVGO |
Broadcom Inc.
PUT
CALL
+ SHARES
Technology
|
Added | 180,682 | $55,922,885 | 10.67% | |
| NVDA |
Nvidia Corp
PUT
CALL
+ SHARES
Technology
|
Reduced | 208,197 | $36,309,556 | 6.93% | |
| NU |
Nu Holdings Ltd.
CALL
+ SHARES
Financial Services
|
Added | 2,509,643 | $36,063,569 | 6.88% | |
| TSM |
Taiwan Semiconductor Manufacturing Co Ltd
PUT
CALL
+ SHARES
Technology
|
Reduced | 91,265 | $30,843,006 | 5.89% | |
| GEV |
GE Vernova Inc.
PUT
CALL
Industrials
|
Added | 34,000 | $29,678,600 | 5.67% | |
| TSLA |
Tesla, Inc.
PUT
+ SHARES
Consumer Cyclical
|
NEW | 76,058 | $28,274,561 | 5.40% | |
| IBIT |
iShares Bitcoin Trust ETF
CALL
+ SHARES
|
Added | 617,047 | $23,706,945 | 4.53% | |
| AMZN |
Amazon Com Inc
PUT
CALL
+ SHARES
Consumer Cyclical
|
Reduced | 97,486 | $20,303,409 | 3.88% | |
| MSFT |
Microsoft Corp
PUT
CALL
+ SHARES
Technology
|
Reduced | 49,596 | $18,358,951 | 3.50% | |
| WMT |
Walmart Inc.
Consumer Defensive
|
NEW | 83,000 | $10,315,240 | 1.97% | |
| CPA |
Copa Holdings, S.A.
Industrials
|
Added | 85,000 | $9,656,850 | 1.84% | |
| UBER |
Uber Technologies, Inc
PUT
CALL
+ SHARES
Technology
|
Added | 129,605 | $9,322,487 | 1.78% | |
| CI |
Cigna Group
PUT
CALL
+ SHARES
Healthcare
|
NEW | 31,768 | $8,474,114 | 1.62% | |
| BN |
BROOKFIELD Corp /ON/
Financial Services
|
Added | 157,276 | $6,364,959 | 1.21% | |
| AUGO |
Aura Minerals Inc.
Basic Materials
|
Added | 76,777 | $6,265,003 | 1.20% | |
| CIB |
Grupo Cibest S.A.
Financial Services
|
NEW | 83,202 | $6,057,937 | 1.16% | |
| WELL |
Welltower Inc.
PUT
CALL
+ SHARES
Real Estate
|
NEW | 29,666 | $5,865,264 | 1.12% | |
| MPWR |
Monolithic Power Systems, Inc.
PUT
CALL
Technology
|
NEW | 4,900 | $5,357,415 | 1.02% | |
| NEM |
NEWMONT Corp /DE/
PUT
CALL
Basic Materials
|
NEW | 47,500 | $5,141,875 | 0.98% | |
| WYNN |
Wynn Resorts Ltd
PUT
CALL
Consumer Cyclical
|
NEW | 44,800 | $4,549,440 | 0.87% | |
| EXE |
EXPAND ENERGY Corp
PUT
+ SHARES
Energy
|
NEW | 40,096 | $4,401,738 | 0.84% | |
| V |
Visa Inc.
PUT
CALL
+ SHARES
Financial Services
|
Reduced | 14,206 | $4,293,621 | 0.82% | |
| TRGP |
Targa Resources Corp.
PUT
CALL
Energy
|
NEW | 17,000 | $4,262,410 | 0.81% | |
| DKNG |
DraftKings Inc.
PUT
CALL
Consumer Cyclical
|
Added | 190,000 | $4,107,800 | 0.78% | |
| MA |
Mastercard Inc
PUT
CALL
+ SHARES
Financial Services
|
Reduced | 7,757 | $3,875,862 | 0.74% | |
| NXPI |
NXP Semiconductors N.V.
PUT
CALL
Technology
|
NEW | 19,500 | $3,838,770 | 0.73% | |
| NUE |
Nucor Corp
PUT
CALL
Basic Materials
|
NEW | 21,000 | $3,551,100 | 0.68% | |
| JBS |
Jbs N.V.
Consumer Defensive
|
NEW | 191,081 | $3,431,814 | 0.66% | |
| AMD |
Advanced Micro Devices Inc
Technology
|
NEW | 15,622 | $3,177,983 | 0.61% | |
| KO |
Coca Cola Co
PUT
CALL
Consumer Defensive
|
NEW | 37,500 | $2,851,875 | 0.54% | |
| EC |
Ecopetrol S.A.
Energy
|
NEW | 185,952 | $2,787,420 | 0.53% | |
| IAU |
Ishares Gold Trust
|
NEW | 31,220 | $2,752,355 | 0.53% | |
| XOM |
ExxonMobil Holdings Corp
Energy
|
NEW | 15,580 | $2,643,302 | 0.50% | |
| VTR |
Ventas, Inc.
PUT
+ SHARES
Real Estate
|
NEW | 32,135 | $2,628,000 | 0.50% | |
| HWM |
Howmet Aerospace Inc.
PUT
+ SHARES
Industrials
|
Added | 10,628 | $2,449,328 | 0.47% | |
| BRZE |
Braze, Inc.
CALL
Technology
|
NEW | 100,000 | $2,361,000 | 0.45% | |
| SLV |
iShares Silver Trust
CALL
|
NEW | 34,600 | $2,357,644 | 0.45% | |
| VST |
Vistra Corp.
PUT
CALL
Utilities
|
Added | 15,000 | $2,254,950 | 0.43% | |
| REGN |
Regeneron Pharmaceuticals, Inc.
PUT
CALL
Healthcare
|
NEW | 2,900 | $2,240,656 | 0.43% | |
| AMAT |
Applied Materials Inc /De
PUT
CALL
Technology
|
NEW | 6,000 | $2,050,740 | 0.39% | |
| XEL |
Xcel Energy Inc
PUT
CALL
+ SHARES
Utilities
|
NEW | 25,257 | $2,006,416 | 0.38% | |
| LLY |
ELI LILLY & Co
PUT
CALL
Healthcare
|
Reduced | 2,000 | $1,839,540 | 0.35% | |
| VALE |
Vale S.A.
Basic Materials
|
NEW | 108,000 | $1,718,280 | 0.33% | |
| HOOD |
Robinhood Markets, Inc.
CALL
Financial Services
|
NEW | 24,000 | $1,663,200 | 0.32% | |
| AAPL |
Apple Inc.
CALL
+ SHARES
Technology
|
NEW | 6,224 | $1,579,588 | 0.30% | |
| ITUB |
Itau Unibanco Holding S.A.
Financial Services
|
NEW | 169,644 | $1,421,616 | 0.27% | |
| GILD |
Gilead Sciences, Inc.
PUT
+ SHARES
Healthcare
|
Added | 10,144 | $1,413,769 | 0.27% | |
| BUD |
Anheuser-Busch InBev SA/NV
Consumer Defensive
|
NEW | 20,000 | $1,387,400 | 0.26% | |
| A |
Agilent Technologies, Inc.
PUT
+ SHARES
Healthcare
|
NEW | 12,160 | $1,385,996 | 0.26% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.