SPX Gestao de Recursos Ltda

CIK

1589176

Location

RIO DE JANEIRO, D5

Portfolio Value

Small $876,052,986

Diversification

Diversified

Filing Date

Global Rank

#2,107 / 8,700 ▼ 55

Top Industry

Banks - Regional 13.5%

Period ended 2 months ago

Filed Aug 19, 2026 · 25d

26 quarters · since Mar 2020

Portfolio Concentration

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

Top Position

8.9%

−5.0 pts

Top 5

32.1%

−13.2 pts

Top 10

50.6%

−14.0 pts

HHI

380

Diversified−210

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	31.4%	$274,756,309	18
Technology	18.1%	$158,199,830	21
Industrials	16.0%	$140,074,078	6
Energy	11.6%	$101,463,356	5
Communication Services	8.1%	$70,796,909	5
Consumer Cyclical	6.9%	$60,591,211	6
Basic Materials	6.5%	$57,218,279	5
Utilities	1.0%	$8,335,096	4
Consumer Defensive	0.4%	$3,152,088	3
Healthcare	0.2%	$1,465,830	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

16 positions

Ticker	Company	Δ Shares	Shares	Value
XP	XP Inc.	+3,626,059	4,813,132	$78,261,526
TEO	Telecom Argentina SA	+1,587,714	2,320,411	$30,165,343
TGS	Gas Transporter Of The South Inc	+790,454	1,815,590	$53,977,490
IFS	Intercorp Financial Services Inc.	+401,346	401,546	$22,872,060
PAM	Pampa Energy Inc.	+383,994	547,637	$44,977,426
BSAC	Banco Santander Chile	+280,231	336,710	$11,087,860
RIO	Rio Tinto PLC	+259,936	308,586	$29,294,068
SBS	Companhia De Saneamento Basico Do Estado De Sao Paulo-Sabesp	+174,463	352,413	$2,036,947
LTM	Latam Airlines Group S.A.	+164,662	1,046,638	$60,987,596
EMBJ	Embraer S.A.	+149,936	503,225	$32,105,755
AXIAY	AXIA Energia S.A.	+97,210	98,495	$0
CIB	Grupo Cibest S.A.	+82,485	98,727	$7,841,885
CIG	Energy Co Of Minas Gerais	+43,869	412,092	$865,393
META	Meta Platforms, Inc.	+17,547	26,027	$14,660,748
MU	Micron Technology Inc	+16,868	17,083	$19,718,736
BCH	Bank Of Chile	+1,688	3,131	$124,488
No positions match the current search.

Trimmed

Positions the filer reduced

17 positions

Ticker	Company	Δ Shares	Shares	Value
PBR	Petrobras - Petroleo Brasileiro SA	−7,534,169	1,073,378	$15,836,582
VALE	Vale S.A.	−5,141,115	398,493	$5,993,334
STNE	StoneCo Ltd.	−4,723,979	3,004,035	$32,563,739
BBD	Bank Bradesco	−2,188,675	8,863,299	$30,755,647
EVEX	Eve Holding, Inc.	−1,878,998	414,632	$1,040,726
ARCO	Arcos Dorados Holdings Inc.	−1,447,959	4,501,327	$36,280,695
INTR	Inter & Co, Inc.	−608,869	3,414,933	$18,543,086
ELPC	Energy Co Of Parana	−435,778	466,331	$5,432,756
VINP	Vinci Compass Investments Ltd.	−230,656	4,441,517	$43,215,960
NVDA	Nvidia Corp	−150,461	112,739	$22,557,946
UGP	Ultrapar Holdings Inc	−141,103	378,023	$1,897,675
SN	SharkNinja, Inc.	−92,362	11,808	$1,798,004
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−30,650	28,621	$13,668,530
BAP	Credicorp Ltd	−23,436	43,967	$17,128,663
ABEV	Ambev S.A.	−19,536	50,872	$159,738
SUZ	Suzano S.A.	−12,296	37,621	$291,938
AMZN	Amazon Com Inc	−1,894	60,746	$14,478,201
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
HAL	Halliburton Co	876,300	$29,750,385
MSFT	Microsoft Corp	64,457	$24,043,750
GOOGL	Alphabet Inc.	61,250	$21,888,912
FCX	Freeport-Mcmoran Inc	344,076	$21,638,939
MA	Mastercard Inc	31,702	$16,282,147
V	Visa Inc.	45,517	$15,616,427
LITE	Lumentum Holdings Inc.	8,875	$7,615,282
WDC	Western Digital Corp	11,300	$7,217,536
COHR	Coherent Corp.	16,750	$6,607,372
AAOI	Applied Optoelectronics, Inc.	35,500	$5,259,680
STX	Seagate Technology Holdings plc	5,200	$5,018,000
GGAL	Grupo Financiero Galicia SA	85,000	$4,252,550
SPOT	Spotify Technology S.A.	8,626	$3,960,455
ITUB	Itau Unibanco Holding S.A.	479,169	$3,914,810
ONON	On Holding AG	108,412	$3,839,953
BKNG	Booking Holdings Inc.	19,961	$3,557,848
AVGO	Broadcom Inc.	7,098	$2,681,269
AAPL	Apple Inc.	7,800	$2,257,008
TER	Teradyne, Inc	3,864	$1,869,557
ACMR	ACM Research, Inc.	13,815	$1,752,985
BMA	Macro Bank Inc.	18,567	$1,719,118
ORCL	Oracle Corp	11,365	$1,665,540
COST	Costco Wholesale Corp /New	1,600	$1,496,752
WMT	Walmart Inc.	13,205	$1,495,598
NTRA	Natera, Inc.	5,400	$1,465,830
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
—		1,466,111	$120,191,779
AAXJ	iShares MSCI All Country Asia ex Japan ETF	997,370	$55,517,743
NU	Nu Holdings Ltd.	2,569,755	$36,927,379
CPA	Copa Holdings, S.A.	224,792	$25,538,619
BKF	iShares MSCI BIC ETF	493,168	$18,932,719
BP	Bp PLC	354,344	$16,654,168
GGB	Gerdau S.A.	4,254,223	$15,357,745
AA	Alcoa Corp	155,300	$10,301,049
CPAY	Corpay, Inc.	29,260	$8,514,367
AFK	VanEck Africa Index ETF	16,500	$6,669,465
CEPU	Central Puerto S.A.	361,495	$6,083,960
GRND	Grindr Inc.	455,800	$5,510,622
SHEL	Shell plc	52,300	$4,863,900
OWL	Blue Owl Capital Inc.	489,660	$4,470,595
LUXE	LuxExperience B.V.	523,410	$4,187,280
CORZ	Core Scientific, Inc./tx	205,350	$3,072,036
TLN	Talen Energy Corp	7,490	$2,391,032
SOLS	Solstice Advanced Materials Inc.	29,600	$2,254,336
PGY	Pagaya Technologies Ltd.	180,100	$2,098,165
TDG	TransDigm Group INC	1,780	$2,062,948
NYAX	Nayax Ltd.	20,524	$1,149,344
JBL	Jabil Inc	4,000	$1,062,520
IREN	IREN Ltd	28,950	$992,406
BSBR	Banco Santander (Brasil) S.A.	86,883	$515,216
ENIC	Enel Chile S.A.	42,596	$167,828
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

74 tracked positions · $876,052,986 total · filing declares 88 positions · $897,970,154 · as of Jun 30, 2026

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

Showing 1–50 of 74 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
XP	XP Inc. Financial Services	Added	4,813,132	+3,626,059	$78,261,526	+246.3%	8.93%
LTM	Latam Airlines Group S.A. Industrials	Added	1,046,638	+164,662	$60,987,596	+39.9%	6.96%
TGS	Gas Transporter Of The South Inc Energy	Added	1,815,590	+790,454	$53,977,490	+52.1%	6.16%
PAM	Pampa Energy Inc. Industrials	Added	547,637	+383,994	$44,977,426	+210.6%	5.13%
VINP	Vinci Compass Investments Ltd. Financial Services	Reduced	4,441,517	-230,656	$43,215,960	−12.3%	4.93%
ARCO	Arcos Dorados Holdings Inc. Consumer Cyclical	Reduced	4,501,327	-1,447,959	$36,280,695	−26.1%	4.14%
STNE	StoneCo Ltd. Technology	Reduced	3,004,035	-4,723,979	$32,563,739	−70.2%	3.72%
EMBJ	Embraer S.A. Industrials	Added	503,225	+149,936	$32,105,755	+53.1%	3.66%
BBD	Bank Bradesco Financial Services	Reduced	8,863,299	-2,188,675	$30,755,647	−23.8%	3.51%
TEO	Telecom Argentina SA Communication Services	Added	2,320,411	+1,587,714	$30,165,343	+252.2%	3.44%
HAL	Halliburton Co Energy	NEW	876,300	NEW	$29,750,385	NEW	3.40%
RIO	Rio Tinto PLC Basic Materials	Added	308,586	+259,936	$29,294,068	+545.4%	3.34%
MSFT	Microsoft Corp Technology	NEW	64,457	NEW	$24,043,750	NEW	2.74%
IFS	Intercorp Financial Services Inc. Financial Services	Added	401,546	+401,346	$22,872,060	+227709.4%	2.61%
NVDA	Nvidia Corp Technology	Reduced	112,739	-150,461	$22,557,946	−50.9%	2.57%
GOOGL	Alphabet Inc. Communication Services	NEW	61,250	NEW	$21,888,912	NEW	2.50%
FCX	Freeport-Mcmoran Inc Basic Materials	NEW	344,076	NEW	$21,638,939	NEW	2.47%
MU	Micron Technology Inc Technology	Added	17,083	+16,868	$19,718,736	+27047.7%	2.25%
INTR	Inter & Co, Inc. Financial Services	Reduced	3,414,933	-608,869	$18,543,086	−42.1%	2.12%
BAP	Credicorp Ltd Financial Services	Reduced	43,967	-23,436	$17,128,663	−25.1%	1.96%
MA	Mastercard Inc Financial Services	NEW	31,702	NEW	$16,282,147	NEW	1.86%
PBR	Petrobras - Petroleo Brasileiro SA Energy	Reduced	1,073,378	-7,534,169	$15,836,582	−90.4%	1.81%
V	Visa Inc. Financial Services	NEW	45,517	NEW	$15,616,427	NEW	1.78%
META	Meta Platforms, Inc. Communication Services	Added	26,027	+17,547	$14,660,748	+202.2%	1.67%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	60,746	-1,894	$14,478,201	+11.0%	1.65%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	28,621	-30,650	$13,668,530	−31.8%	1.56%
BSAC	Banco Santander Chile Financial Services	Added	336,710	+280,231	$11,087,860	+487.8%	1.27%
CIB	Grupo Cibest S.A. Financial Services	Added	98,727	+82,485	$7,841,885	+563.1%	0.90%
LITE	Lumentum Holdings Inc. Technology	NEW	8,875	NEW	$7,615,282	NEW	0.87%
WDC	Western Digital Corp Technology	NEW	11,300	NEW	$7,217,536	NEW	0.82%
COHR	Coherent Corp. Technology	NEW	16,750	NEW	$6,607,372	NEW	0.75%
VALE	Vale S.A. Basic Materials	Reduced	398,493	-5,141,115	$5,993,334	−93.2%	0.68%
ELPC	Energy Co Of Parana Utilities	Reduced	466,331	-435,778	$5,432,756	−49.6%	0.62%
AAOI	Applied Optoelectronics, Inc. Technology	NEW	35,500	NEW	$5,259,680	NEW	0.60%
STX	Seagate Technology Holdings plc Technology	NEW	5,200	NEW	$5,018,000	NEW	0.57%
GGAL	Grupo Financiero Galicia SA Financial Services	NEW	85,000	NEW	$4,252,550	NEW	0.49%
SPOT	Spotify Technology S.A. Communication Services	NEW	8,626	NEW	$3,960,455	NEW	0.45%
ITUB	Itau Unibanco Holding S.A. Financial Services	NEW	479,169	NEW	$3,914,810	NEW	0.45%
ONON	On Holding AG Consumer Cyclical	NEW	108,412	NEW	$3,839,953	NEW	0.44%
BKNG	Booking Holdings Inc. Consumer Cyclical	NEW	19,961	NEW	$3,557,848	NEW	0.41%
AVGO	Broadcom Inc. Technology	NEW	7,098	NEW	$2,681,269	NEW	0.31%
AAPL	Apple Inc. Technology	NEW	7,800	NEW	$2,257,008	NEW	0.26%
SBS	Companhia De Saneamento Basico Do Estado De Sao Paulo-Sabesp Utilities	Added	352,413	+174,463	$2,036,947	−62.5%	0.23%
UGP	Ultrapar Holdings Inc Energy	Reduced	378,023	-141,103	$1,897,675	−33.7%	0.22%
TER	Teradyne, Inc Technology	NEW	3,864	NEW	$1,869,557	NEW	0.21%
SN	SharkNinja, Inc. Consumer Cyclical	Reduced	11,808	-92,362	$1,798,004	−83.7%	0.21%
ACMR	ACM Research, Inc. Technology	NEW	13,815	NEW	$1,752,985	NEW	0.20%
BMA	Macro Bank Inc. Financial Services	NEW	18,567	NEW	$1,719,118	NEW	0.20%
ORCL	Oracle Corp Technology	NEW	11,365	NEW	$1,665,540	NEW	0.19%
COST	Costco Wholesale Corp /New Consumer Defensive	NEW	1,600	NEW	$1,496,752	NEW	0.17%

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.