BW Gestao de Investimentos Ltda.

CIK

1568280

Location

SAO PAULO, D5

Portfolio Value

Mid $3,735,932,393

Diversification

Diversified

Reports for

Wealth High Governance Capital Ltda

Filing Date

Global Rank

#907 / 8,700 ▲ 220

Top Industry

Semiconductors 13.5%

Period ended 2 months ago

Filed Aug 14, 2026 · 30d

26 quarters · since Mar 2020

Portfolio Concentration

286 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

24.5%

+8.3 pts

Top 5

40.3%

+7.9 pts

Top 10

47.7%

+6.9 pts

HHI

716

Diversified+317

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	27.0%	$1,007,403,904	2
Technology	22.2%	$831,238,740	73
Industrials	12.4%	$465,023,840	45
Consumer Cyclical	8.5%	$317,062,661	34
Financial Services	8.4%	$313,178,204	42
Utilities	6.5%	$243,242,644	19
Basic Materials	6.0%	$224,694,061	28
Communication Services	3.4%	$125,292,863	12
Healthcare	2.5%	$93,875,361	8
Energy	1.6%	$58,572,217	6
Real Estate	0.8%	$30,055,141	5
Consumer Defensive	0.7%	$26,292,757	12

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
OPTU	Optimum Communications, Inc.	+10,764,181	12,395,938	$17,974,110
CLVT	Clarivate PLC	+4,118,905	10,041,847	$21,690,389
XRX	Xerox Holdings Corp	+2,053,739	3,846,359	$10,168,803
SOC	Sable Offshore Corp.	+885,448	3,014,553	$9,284,823
SPY	Spdr S&P 500 ETF Trust	+827,723	1,227,723	$916,826,704
PLNT	Planet Fitness, Inc.	+671,523	861,161	$44,926,769
MWH	SOLV Energy, Inc.	+369,201	419,201	$14,273,794
FRSH	Freshworks Inc.	+286,886	422,218	$4,272,846
MDLN	Medline Inc.	+250,000	690,000	$27,213,600
CENX	Century Aluminum Co	+214,404	523,162	$24,070,683
MU	Micron Technology Inc	+204,210	254,210	$293,432,060
KVYO	Klaviyo, Inc.	+174,763	293,565	$4,432,831
MSFT	Microsoft Corp	+164,142	215,951	$80,554,042
JAN	Janus Living, Inc.	+151,106	201,106	$5,779,786
VG	Venture Global, Inc.	+133,141	1,207,486	$13,439,319
VLY	Valley National Bancorp	+120,000	820,000	$12,013,000
RKT	Rocket Companies, Inc.	+93,905	199,871	$3,147,968
AMZN	Amazon Com Inc	+93,536	146,407	$34,894,644
GOOGL	Alphabet Inc.	+93,429	103,849	$36,748,917
BKH	Black Hills Corp /Sd/	+84,663	215,401	$16,025,834
QCOM	Qualcomm Inc/De	+74,717	111,617	$20,625,705
FLG	Flagstar Bank, National Association	+70,000	1,020,000	$15,238,800
ZM	Zoom Communications, Inc.	+66,007	106,065	$9,154,470
ICE	Intercontinental Exchange, Inc.	+65,415	86,399	$10,636,580
ALLY	Ally Financial Inc.	+64,982	254,950	$11,714,952
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
AAL	American Airlines Group Inc.	−2,278,100	189,900	$3,431,493
PATH	UiPath, Inc.	−1,589,629	549,321	$5,971,119
ALIT	Alight, Inc. / Delaware	−1,171,325	6,335,701	$3,547,992
CPRI	Capri Holdings Ltd	−966,132	631,004	$11,717,744
NTNX	Nutanix, Inc.	−579,038	450,526	$22,958,804
KEY	Keycorp /New/	−441,485	15,459	$356,329
PAAS	Pan American Silver Corp	−293,671	22,528	$1,009,029
AA	Alcoa Corp	−273,250	29,108	$1,517,691
AGBK	AGI Inc	−253,007	27,634	$195,648
SGML	Sigma Lithium Corp	−246,634	126,318	$1,597,922
WBD	Warner Bros. Discovery, Inc.	−235,928	280,000	$7,464,800
RBA	Rb Global Inc.	−230,188	495,048	$57,648,339
FPS	Forgent Power Solutions, Inc.	−219,176	320,824	$17,921,228
FCX	Freeport-Mcmoran Inc	−207,733	82,099	$5,163,206
VRNS	Varonis Systems Inc	−193,246	178,338	$7,483,062
SKM	Sk Telecom Co Ltd	−181,367	82,880	$2,665,420
AMRZ	Amrize Ltd	−167,419	113,892	$6,070,443
LUV	Southwest Airlines Co	−128,817	61,272	$3,150,606
COF	Capital One Financial Corp	−117,483	82,997	$16,650,858
GLOB	Globant S.A.	−117,037	278,487	$8,059,413
CINT	CI&T Inc	−115,000	1,810,665	$6,047,621
MT	ArcelorMittal	−112,697	58,452	$3,519,979
UAL	United Airlines Holdings, Inc.	−107,590	24,810	$3,373,911
BIRK	Birkenstock Holding plc	−98,536	40,564	$1,745,468
DAL	Delta Air Lines, Inc.	−96,836	37,000	$3,465,420
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
SPCX	Space Exploration Technologies Corp	587,335	$100,352,058
ASML	Asml Holding NV	15,000	$29,841,598
GNRC	Generac Holdings Inc.	82,814	$24,248,767
GLW	Corning Inc /Ny	72,919	$18,625,700
MOS	Mosaic Co	873,053	$18,499,993
USB	US Bancorp De	256,730	$15,506,492
RXT	Rackspace Technology, Inc.	2,340,279	$15,282,021
ETR	Entergy Corp /De/	132,738	$15,246,286
AAP	Advance Auto Parts Inc	244,150	$15,191,013
CBRS	Cerebras Systems Inc.	67,718	$14,965,678
WFC	Wells Fargo & Company/Mn	170,164	$14,062,352
PPL	PPL Corp	372,096	$13,525,689
AMAT	Applied Materials Inc /De	17,915	$12,952,545
HUT	Hut 8 Corp.	110,463	$12,752,401
INIO	Innio N.V.	320,000	$12,656,000
FRVO	Fervo Energy Co	431,147	$12,602,426
MKSI	Mks Inc	27,754	$12,344,979
TPG	TPG Inc.	300,919	$12,202,265
UCTT	Ultra Clean Holdings, Inc.	82,843	$11,812,583
UNP	Union Pacific Corp	38,800	$10,553,600
QNT	Quantinuum Inc.	128,000	$10,462,720
MMM	3M Co	64,051	$10,370,497
AEE	Ameren Corp	89,379	$10,103,402
MSM	Msc Industrial Direct Co Inc	77,102	$9,171,282
TH	Target Hospitality Corp.	450,000	$9,162,000
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
AAXJ	iShares MSCI All Country Asia ex Japan ETF	1,750,036	$488,406,515
XLBI	State Street Materials Select Sector SPDR Premium Income ETF	1,101,000	$70,769,610
AGNG	Global X Funds Global X Aging Population ETF	830,850	$56,144,901
AVGO	Broadcom Inc.	99,900	$30,920,049
TLN	Talen Energy Corp	58,984	$18,829,462
SLV	iShares Silver Trust	240,475	$16,385,966
SWX	Southwest Gas Holdings, Inc.	165,257	$14,360,833
NRG	Nrg Energy, Inc.	87,698	$12,816,185
VST	Vistra Corp.	70,132	$10,542,943
FE	Firstenergy Corp	200,293	$10,146,843
BKF	iShares MSCI BIC ETF	175,009	$9,938,761
GE	General Electric Co	34,889	$9,900,451
BWX	State Street SPDR Bloomberg International Treasury Bond ETF	100,000	$9,872,000
CLS	Celestica Inc	35,042	$9,870,630
ABI	VictoryShares Pioneer Asset-Based Income ETF	49,778	$9,553,393
PSKY	Paramount Skydance Corp	1,029,101	$9,282,491
SF	Stifel Financial Corp	124,967	$9,237,560
AMG	Affiliated Managers Group, Inc.	33,000	$9,131,100
JPM	Jpmorgan Chase & Co	30,020	$8,830,683
FNV	FRANCO NEVADA Corp	35,702	$8,820,179
CELH	Celsius Holdings, Inc.	245,377	$8,705,975
VSNT	Versant Media Group, Inc.	230,000	$8,514,600
SOLS	Solstice Advanced Materials Inc.	110,000	$8,377,600
JBLU	Jetblue Airways Corp	1,850,000	$8,177,000
PENN	PENN Entertainment, Inc.	534,514	$8,033,745
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

286 tracked positions · $3,735,932,393 total · filing declares 307 positions · $5,052,732,091 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 286 positions by value · page 1 of 6

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Added	1,227,723	+827,723	$916,826,704	+252.4%	24.54%
MU	Micron Technology Inc PUT + SHARES Technology	Added	254,210	+204,210	$293,432,060	+1637.1%	7.85%
TSLA	Tesla, Inc. PUT + SHARES Consumer Cyclical	Added	251,262	+21,262	$105,680,797	+23.6%	2.83%
SPCX	Space Exploration Technologies Corp Industrials	NEW	587,335	NEW	$100,352,058	NEW	2.69%
QQQ	Invesco Qqq Trust, Series 1 PUT	Added	123,000	+23,000	$90,577,200	+56.9%	2.42%
MSFT	Microsoft Corp CALL + SHARES Technology	Added	215,951	+164,142	$80,554,042	+320.0%	2.16%
RBA	Rb Global Inc. Industrials	Reduced	495,048	-230,188	$57,648,339	−17.1%	1.54%
THC	Tenet Healthcare Corp Healthcare	Reduced	279,811	-40,669	$52,347,041	−13.4%	1.40%
PLNT	Planet Fitness, Inc. CALL + SHARES Consumer Cyclical	Added	861,161	+671,523	$44,926,769	+218.5%	1.20%
ECL	Ecolab Inc. Basic Materials	Added	144,856	+62,502	$40,358,330	+84.2%	1.08%
GOOGL	Alphabet Inc. Communication Services	Added	103,849	+93,429	$36,748,917	+1126.4%	0.98%
AMZN	Amazon Com Inc Consumer Cyclical	Added	146,407	+93,536	$34,894,644	+216.9%	0.93%
ECHO	EchoStar CORP Communication Services	Reduced	320,727	-19,807	$32,553,790	−18.3%	0.87%
ASML	Asml Holding NV Technology	NEW	15,000	NEW	$29,841,598	NEW	0.80%
MDLN	Medline Inc. Healthcare	Added	690,000	+250,000	$27,213,600	+39.0%	0.73%
BX	Blackstone Inc. Financial Services	Added	216,100	+20,520	$25,428,487	+13.1%	0.68%
GNRC	Generac Holdings Inc. Industrials	NEW	82,814	NEW	$24,248,767	NEW	0.65%
CENX	Century Aluminum Co Basic Materials	Added	523,162	+214,404	$24,070,683	+32.8%	0.64%
SHW	Sherwin Williams Co Basic Materials	Reduced	68,562	-9,296	$23,607,267	−5.4%	0.63%
PH	Parker-Hannifin Corp Industrials	Added	24,026	+2,958	$23,500,311	+24.6%	0.63%
NTNX	Nutanix, Inc. Technology	Reduced	450,526	-579,038	$22,958,804	−41.3%	0.61%
AAPL	Apple Inc. Technology	Added	77,469	+11,073	$22,416,429	+33.0%	0.60%
CLVT	Clarivate PLC Technology	Added	10,041,847	+4,118,905	$21,690,389	+44.7%	0.58%
QCOM	Qualcomm Inc/De CALL + SHARES Technology	Added	111,617	+74,717	$20,625,705	+334.0%	0.55%
XEL	Xcel Energy Inc Utilities	Added	256,306	+12,069	$20,581,371	+6.1%	0.55%
ED	Consolidated Edison Inc Utilities	Added	170,209	+7,167	$18,830,221	+2.0%	0.50%
GLW	Corning Inc /Ny Technology	NEW	72,919	NEW	$18,625,700	NEW	0.50%
SO	Southern Co Utilities	Reduced	193,731	-15,561	$18,541,994	−8.2%	0.50%
MOS	Mosaic Co Basic Materials	NEW	873,053	NEW	$18,499,993	NEW	0.50%
AMD	Advanced Micro Devices Inc Technology	Added	31,052	+7,352	$18,038,417	+274.1%	0.48%
OPTU	Optimum Communications, Inc. CALL + SHARES Communication Services	Added	12,395,938	+10,764,181	$17,974,110	+747.3%	0.48%
FPS	Forgent Power Solutions, Inc. Industrials	Reduced	320,824	-219,176	$17,921,228	+13.4%	0.48%
AEP	American Electric Power Co Inc Utilities	Reduced	128,353	-24,895	$17,559,973	−12.6%	0.47%
CNP	Centerpoint Energy Inc Utilities	Added	384,471	+14,879	$16,932,102	+6.1%	0.45%
COF	Capital One Financial Corp Financial Services	Reduced	82,997	-117,483	$16,650,858	−54.5%	0.45%
WMB	Williams Companies, Inc. Energy	Added	221,536	+1,536	$16,468,986	+2.9%	0.44%
TKR	Timken Co Industrials	Added	110,445	+40,262	$16,049,867	+127.4%	0.43%
BKH	Black Hills Corp /Sd/ Utilities	Added	215,401	+84,663	$16,025,834	+76.6%	0.43%
DDOG	Datadog, Inc. Technology	Added	60,915	+26,312	$15,859,829	+288.3%	0.42%
USB	US Bancorp De Financial Services	NEW	256,730	NEW	$15,506,492	NEW	0.42%
RXT	Rackspace Technology, Inc. Technology	NEW	2,340,279	NEW	$15,282,021	NEW	0.41%
BKU	BankUnited, Inc. Financial Services	Added	315,000	+45,000	$15,261,750	+25.2%	0.41%
ETR	Entergy Corp /De/ Utilities	NEW	132,738	NEW	$15,246,286	NEW	0.41%
FLG	Flagstar Bank, National Association Financial Services	Added	1,020,000	+70,000	$15,238,800	+21.8%	0.41%
AAP	Advance Auto Parts Inc Consumer Cyclical	NEW	244,150	NEW	$15,191,013	NEW	0.41%
CBRS	Cerebras Systems Inc. Technology	NEW	67,718	NEW	$14,965,678	NEW	0.40%
SN	SharkNinja, Inc. Consumer Cyclical	Reduced	96,643	-9,003	$14,715,829	+31.5%	0.39%
IDA	Idacorp Inc Utilities	Reduced	95,582	-3,999	$14,461,556	+1.6%	0.39%
MWH	SOLV Energy, Inc. Utilities	Added	419,201	+369,201	$14,273,794	+850.6%	0.38%
NUE	Nucor Corp Basic Materials	Added	63,796	+43,796	$14,210,559	+320.2%	0.38%

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.