BTG Pactual Asset Management US LLC

CIK

1569579

Location

NEW YORK, NY

Portfolio Value

Small $650,331,184

Diversification

Diversified

Filing Date

Global Rank

#2,272 / 8,621 ▲ 84 · as of Mar 2026

Top Industry

Utilities - Regulated Electric 17.7%

3Y Alpha vs SPY

+12.2%

Period ended 4 months ago

Filed May 14, 2026 · 3mo

8 quarters · since Jun 2024

Clone Performance

Aug 2024–Jul 2026 · vs SPY

Hypothetical 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 BTG Pactual Asset Management US LLC's reported book is option positions, which a stock-only clone cannot replicate. The figures below are the return of the 71% that is ordinary stock — as little as 28% in one quarter — so a manager whose options thesis lost money can still show a large gain here.

Cloned portfolio

+65.8%

SPY

+39.1%

Annualised alpha

+11.1%

Max drawdown

−16.7%

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 71% of reported value on average across 8 quarters. Past performance does not predict future results.

Portfolio Concentration

237 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

4.2%

−19.7 pts

Top 5

19.2%

−18.6 pts

Top 10

32.7%

−17.6 pts

HHI

179

Diversified−525

Portfolio Trend

8 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Utilities	23.3%	$151,483,335	26
Financial Services	14.6%	$94,644,325	58
Technology	13.0%	$84,417,067	24
Energy	11.4%	$74,336,875	28
Communication Services	8.9%	$57,858,265	17
Unclassified	7.6%	$49,578,280	4
Consumer Cyclical	5.6%	$36,097,675	18
Healthcare	4.7%	$30,734,282	15
Industrials	4.6%	$29,846,213	17
Basic Materials	4.1%	$26,800,224	11
Consumer Defensive	1.8%	$12,004,869	13
Real Estate	0.4%	$2,529,774	6

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
NU	Nu Holdings Ltd.	+456,111	513,877	$7,384,412
T	At&T Inc.	+286,274	303,229	$8,790,608
PCG	PG&E Corp	+230,124	483,276	$8,491,159
WBD	Warner Bros. Discovery, Inc.	+92,000	142,000	$3,899,320
D	Dominion Energy, Inc	+83,112	202,152	$12,497,036
AEE	Ameren Corp	+72,585	132,735	$14,590,231
NVDA	Nvidia Corp	+41,611	148,729	$25,938,337
MSFT	Microsoft Corp	+37,936	58,232	$21,555,739
AMZN	Amazon Com Inc	+20,916	120,781	$25,155,058
OGS	ONE Gas, Inc.	+18,870	105,278	$9,067,594
OXY	Occidental Petroleum Corp /De/	+17,926	24,931	$1,620,515
CFG	Citizens Financial Group Inc/Ri	+17,187	47,145	$2,827,285
VST	Vistra Corp.	+16,853	56,176	$8,444,938
VTRS	Viatris Inc	+15,209	31,389	$424,065
AEP	American Electric Power Co Inc	+14,824	93,020	$12,193,061
BKH	Black Hills Corp /Sd/	+11,899	41,001	$2,845,879
BGB	Blackstone Strategic Credit 2027 Term Fund	+8,972	29,223	$325,836
CNNE	Cannae Holdings, Inc.	+8,259	20,714	$235,518
GOOGL	Alphabet Inc.	+7,756	15,596	$4,484,785
ABEV	Ambev S.A.	+7,635	87,987	$256,922
GPK	Graphic Packaging Holding Co	+7,208	21,024	$208,978
BLW	BLACKROCK Ltd DURATION INCOME TRUST	+6,652	27,230	$342,825
IBIT	iShares Bitcoin Trust ETF	+6,300	25,340	$973,562
BCSF	Bain Capital Specialty Finance, Inc.	+6,234	16,355	$202,802
ABBV	AbbVie Inc.	+5,598	28,476	$6,193,245
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
IHS	IHS Holding Ltd	−555,280	22,998	$189,273
CNP	Centerpoint Energy Inc	−247,230	50,428	$2,176,472
OGE	Oge Energy Corp.	−220,556	119,712	$5,741,387
AM	Antero Midstream Corp	−200,476	11,152	$254,265
SPY	Spdr S&P 500 ETF Trust	−183,282	37,835	$24,605,613
GM	General Motors Co	−99,580	2,820	$210,090
XEL	Xcel Energy Inc	−54,024	135,164	$10,737,428
PEG	Public Service Enterprise Group Inc	−46,167	3,775	$305,586
HIG	Hartford Insurance Group, Inc.	−21,788	11,098	$1,500,782
TAC	Transalta Corp	−17,807	169,173	$2,216,166
META	Meta Platforms, Inc.	−11,260	19,732	$11,289,269
CRWD	CrowdStrike Holdings, Inc.	−10,367	1,090	$425,546
V	Visa Inc.	−9,645	24,098	$7,283,379
RPRX	Royalty Pharma plc	−7,035	59,659	$2,861,842
QQQ	Invesco Qqq Trust, Series 1	−7,000	8,033	$4,636,486
BNY	Bank of New York Mellon Corp	−4,514	17,716	$2,101,649
JPM	Jpmorgan Chase & Co	−4,067	51,616	$15,183,362
VNET	VNET Group, Inc.	−3,334	26,666	$223,727
BRK-B	Berkshire Hathaway Inc	−3,010	44,995	$21,561,604
UBER	Uber Technologies, Inc	−2,600	10,116	$727,643
EOG	Eog Resources Inc	−2,357	48,081	$6,951,070
WFC	Wells Fargo & Company/Mn	−2,156	3,736	$297,422
DINO	HF Sinclair Corp	−1,345	3,269	$203,952
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−1,278	50,148	$16,947,516
TIGO	Millicom International Cellular SA	−1,115	77,672	$5,820,739
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
TTE	TotalEnergies SE	300,000	$27,294,000
PBR	Petrobras - Petroleo Brasileiro SA	732,870	$15,207,052
ITUB	Itau Unibanco Holding S.A.	1,343,809	$11,261,119
NFLX	Netflix Inc	100,000	$9,615,000
VALE	Vale S.A.	590,567	$9,395,920
WTRG	Essential Utilities, Inc.	217,672	$8,765,651
VISN	Vistance Networks, Inc.	400,000	$7,280,000
FE	Firstenergy Corp	142,494	$7,218,746
NSC	Norfolk Southern Corp	22,619	$6,491,653
CMS	Cms Energy Corp	70,873	$5,498,327
WBS	Webster Financial Corp	70,000	$4,859,400
SBS	Companhia De Saneamento Basico Do Estado De Sao Paulo-Sabesp	159,201	$4,857,222
SQM	Chemical & Mining Co Of Chile Inc	58,700	$4,751,178
EA	Electronic Arts Inc.	23,000	$4,689,010
ED	Consolidated Edison Inc	40,438	$4,576,772
ENIC	Enel Chile S.A.	1,089,800	$4,293,812
KVUE	Kenvue Inc.	223,921	$3,860,398
PPL	PPL Corp	99,328	$3,794,329
ECHO	EchoStar CORP	30,000	$3,512,100
PG	PROCTER & GAMBLE Co	24,305	$3,510,614
GGB	Gerdau S.A.	765,924	$2,764,985
B	Barrick Mining Corp	66,254	$2,702,500
SLB	Slb Limited/Nv	44,621	$2,293,073
TVA	Texas Ventures Acquisition III Corp	186,531	$1,938,057
AR	ANTERO RESOURCES Corp	45,281	$1,921,725
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
EVRG	Evergy, Inc.	178,628	$12,948,743
BA	Boeing Co	56,600	$12,288,992
DTE	Dte Energy Co	92,354	$11,911,818
EXC	Exelon Corp	206,408	$8,997,324
PNW	Pinnacle West Capital Corp	89,414	$7,931,021
SUNC	SunocoCorp LLC	75,526	$3,721,921
CNQ	CANADIAN NATURAL RESOURCES Ltd	86,373	$2,923,726
DUK	Duke Energy CORP	21,739	$2,548,028
DHT	DHT Holdings, Inc.	205,782	$2,512,598
CM	Canadian Imperial Bank Of Commerce /Can/	26,446	$2,396,272
BTE	Baytex Energy Corp.	633,954	$2,047,671
NOW	ServiceNow, Inc.	7,800	$1,194,882
PGR	Progressive Corp/Oh/	2,923	$665,625
IAU	Ishares Gold Trust	7,670	$622,573
ABT	Abbott Laboratories	3,327	$416,839
VZ	Verizon Communications Inc	9,510	$387,342
DVA	Davita Inc.	3,006	$341,511
L	Loews Corp	3,229	$340,045
CCEP	COCA-COLA EUROPACIFIC PARTNERS plc	3,697	$335,317
RSG	Republic Services, Inc.	1,561	$330,822
GILD	Gilead Sciences, Inc.	2,691	$330,293
LOGI	Logitech International S.A.	3,247	$325,414
MDT	Medtronic plc	3,027	$290,773
AGO	Assured Guaranty Ltd	3,212	$288,662
AMGN	Amgen Inc	862	$282,141
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

237 positions · $650,331,184 total · 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 237 positions by value · page 1 of 5

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TTE	TotalEnergies SE PUT CALL Energy	NEW	300,000	NEW	$27,294,000	NEW	4.20%
NVDA	Nvidia Corp Technology	Added	148,729	+41,611	$25,938,337	+29.8%	3.99%
AMZN	Amazon Com Inc Consumer Cyclical	Added	120,781	+20,916	$25,155,058	+9.1%	3.87%
SPY	Spdr S&P 500 ETF Trust PUT + SHARES	Reduced	37,835	-183,282	$24,605,613	−83.7%	3.78%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	44,995	-3,010	$21,561,604	−10.6%	3.32%
MSFT	Microsoft Corp PUT CALL + SHARES Technology	Added	58,232	+37,936	$21,555,739	+119.6%	3.31%
GLD	Spdr Gold Trust PUT CALL + SHARES	Reduced	44,999	-199	$19,362,619	+8.1%	2.98%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	50,148	-1,278	$16,947,516	+8.4%	2.61%
PBR	Petrobras - Petroleo Brasileiro SA PUT CALL + SHARES Energy	NEW	732,870	NEW	$15,207,052	NEW	2.34%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	51,616	-4,067	$15,183,362	−15.4%	2.33%
AEE	Ameren Corp Utilities	Added	132,735	+72,585	$14,590,231	+142.9%	2.24%
D	Dominion Energy, Inc Utilities	Added	202,152	+83,112	$12,497,036	+79.2%	1.92%
WEC	Wec Energy Group, Inc. Utilities	Added	106,076	+1,101	$12,280,418	+10.9%	1.89%
AEP	American Electric Power Co Inc Utilities	Added	93,020	+14,824	$12,193,061	+35.2%	1.87%
GEV	GE Vernova Inc. Industrials	Reduced	13,101	-422	$11,435,862	+29.4%	1.76%
META	Meta Platforms, Inc. Communication Services	Reduced	19,732	-11,260	$11,289,269	−44.8%	1.74%
ITUB	Itau Unibanco Holding S.A. Financial Services	NEW	1,343,809	NEW	$11,261,119	NEW	1.73%
LLY	ELI LILLY & Co Healthcare	Added	11,939	+2,140	$10,981,134	+4.3%	1.69%
XEL	Xcel Energy Inc Utilities	Reduced	135,164	-54,024	$10,737,428	−23.2%	1.65%
NFLX	Netflix Inc PUT CALL Communication Services	NEW	100,000	NEW	$9,615,000	NEW	1.48%
VALE	Vale S.A. Basic Materials	NEW	590,567	NEW	$9,395,920	NEW	1.44%
OGS	ONE Gas, Inc. Utilities	Added	105,278	+18,870	$9,067,594	+35.8%	1.39%
T	At&T Inc. PUT CALL + SHARES Communication Services	Added	303,229	+286,274	$8,790,608	+1987.2%	1.35%
WTRG	Essential Utilities, Inc. Utilities	NEW	217,672	NEW	$8,765,651	NEW	1.35%
PCG	PG&E Corp Utilities	Added	483,276	+230,124	$8,491,159	+108.7%	1.31%
VST	Vistra Corp. Utilities	Added	56,176	+16,853	$8,444,938	+33.1%	1.30%
NU	Nu Holdings Ltd. Financial Services	Added	513,877	+456,111	$7,384,412	+663.6%	1.14%
V	Visa Inc. Financial Services	Reduced	24,098	-9,645	$7,283,379	−38.5%	1.12%
VISN	Vistance Networks, Inc. Technology	NEW	400,000	NEW	$7,280,000	NEW	1.12%
FE	Firstenergy Corp Utilities	NEW	142,494	NEW	$7,218,746	NEW	1.11%
EOG	Eog Resources Inc PUT CALL + SHARES Energy	Reduced	48,081	-2,357	$6,951,070	+31.2%	1.07%
CEG	Constellation Energy Corp Utilities	Reduced	24,551	-746	$6,855,866	−23.3%	1.05%
URI	United Rentals, Inc. Industrials	Added	8,976	+1,272	$6,539,554	+4.9%	1.01%
NSC	Norfolk Southern Corp Industrials	NEW	22,619	NEW	$6,491,653	NEW	1.00%
ABBV	AbbVie Inc. Healthcare	Added	28,476	+5,598	$6,193,245	+18.5%	0.95%
TIGO	Millicom International Cellular SA Communication Services	Reduced	77,672	-1,115	$5,820,739	+33.3%	0.90%
OGE	Oge Energy Corp. Utilities	Reduced	119,712	-220,556	$5,741,387	−60.5%	0.88%
CMS	Cms Energy Corp Utilities	NEW	70,873	NEW	$5,498,327	NEW	0.85%
WBS	Webster Financial Corp Financial Services	NEW	70,000	NEW	$4,859,400	NEW	0.75%
SBS	Companhia De Saneamento Basico Do Estado De Sao Paulo-Sabesp Utilities	NEW	159,201	NEW	$4,857,222	NEW	0.75%
SQM	Chemical & Mining Co Of Chile Inc Basic Materials	NEW	58,700	NEW	$4,751,178	NEW	0.73%
EA	Electronic Arts Inc. Communication Services	NEW	23,000	NEW	$4,689,010	NEW	0.72%
QQQ	Invesco Qqq Trust, Series 1 PUT + SHARES	Reduced	8,033	-7,000	$4,636,486	−49.8%	0.71%
ED	Consolidated Edison Inc Utilities	NEW	40,438	NEW	$4,576,772	NEW	0.70%
GOOGL	Alphabet Inc. Communication Services	Added	15,596	+7,756	$4,484,785	+82.8%	0.69%
CVX	Chevron Corp Energy	Reduced	21,251	-979	$4,396,831	+29.8%	0.68%
MELI	Mercadolibre Inc Consumer Cyclical	Added	2,529	+2,029	$4,372,691	+334.2%	0.67%
HCA	HCA Healthcare, Inc. Healthcare	Added	9,145	+1,719	$4,327,779	+24.8%	0.67%
ENIC	Enel Chile S.A. Utilities	NEW	1,089,800	NEW	$4,293,812	NEW	0.66%
WBD	Warner Bros. Discovery, Inc. Communication Services	Added	142,000	+92,000	$3,899,320	+170.6%	0.60%