SPX Gestao de Recursos Ltda
CIK 0001589176
Annualised vol
7.634344%
Beta
0.283323
HHI
355.486119
Top-10 weight
49.365915%
VaR 95%
0.706921%
VaR 99%
1.342888%
Max drawdown
15.021798%
Matched value
51.31185%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| XP | ADDED | 4,813,132 | 1,187,073 | 305.46% | 78,261,526 |
| VINP | REDUCED | 4,441,517 | 4,672,173 | -4.94% | 43,215,960 |
| ARCO | REDUCED | 4,501,327 | 5,949,286 | -24.34% | 36,280,696 |
| STNE | REDUCED | 3,004,035 | 7,728,014 | -61.13% | 32,563,739 |
| TEO | ADDED | 2,320,411 | 732,697 | 216.69% | 30,165,343 |
| HAL | NEW | 876,300 | - | - | 29,750,385 |
| RIO | ADDED | 308,586 | 48,650 | 534.3% | 29,294,069 |
| IFS | ADDED | 401,546 | 200 | 200673.0% | 22,872,060 |
| FCX | NEW | 344,076 | - | - | 21,638,940 |
| INTR | REDUCED | 3,414,933 | 4,023,802 | -15.13% | 18,543,086 |
| BAP | REDUCED | 43,967 | 67,403 | -34.77% | 17,128,664 |
| MU | ADDED | 14,500 | 215 | 6644.19% | 16,737,205 |
| GOOGL | NEW | 43,900 | - | - | 15,688,543 |
| MSFT | NEW | 37,500 | - | - | 13,988,250 |
| BSAC | ADDED | 336,710 | 56,479 | 496.17% | 11,087,860 |
| NVDA | REDUCED | 51,400 | 263,200 | -80.47% | 10,284,626 |
| WDC | NEW | 11,300 | - | - | 7,217,536 |
| COHR | NEW | 16,750 | - | - | 6,607,373 |
| LITE | NEW | 7,500 | - | - | 6,435,450 |
| STX | NEW | 5,200 | - | - | 5,018,000 |
| GGAL | NEW | 85,000 | - | - | 4,252,550 |
| MA | NEW | 2,080 | - | - | 1,068,288 |
| EVEX | REDUCED | 414,632 | 2,293,630 | -81.92% | 1,040,726 |
| META | REDUCED | 1,235 | 8,480 | -85.44% | 695,663 |
| INTC | NEW | 4,590 | - | - | 640,902 |
| PAX | NEW | 18,540 | - | - | 203,569 |
| APTV | NEW | 1,370 | - | - | 84,091 |
| OWL | CLOSED OUT | 0 | 489,660 | -100.0% | 0 |
| GRND | CLOSED OUT | 0 | 455,800 | -100.0% | 0 |
| BP | CLOSED OUT | 0 | 354,344 | -100.0% | 0 |
| PGY | CLOSED OUT | 0 | 180,100 | -100.0% | 0 |
| AA | CLOSED OUT | 0 | 155,300 | -100.0% | 0 |
| SN | CLOSED OUT | 0 | 104,170 | -100.0% | 0 |
| AMZN | CLOSED OUT | 0 | 62,640 | -100.0% | 0 |
| SHEL | CLOSED OUT | 0 | 52,300 | -100.0% | 0 |
| ENIC | CLOSED OUT | 0 | 42,596 | -100.0% | 0 |
| CPAY | CLOSED OUT | 0 | 29,260 | -100.0% | 0 |
| IREN | CLOSED OUT | 0 | 28,950 | -100.0% | 0 |
| NYAX | CLOSED OUT | 0 | 20,524 | -100.0% | 0 |
| TLN | CLOSED OUT | 0 | 7,490 | -100.0% | 0 |
| TDG | CLOSED OUT | 0 | 1,780 | -100.0% | 0 |
| STLD | CLOSED OUT | 0 | 419 | -100.0% | 0 |
| BABA | CLOSED OUT | 0 | 16 | -100.0% | 0 |
| SCCO | CLOSED OUT | 0 | 1 | -100.0% | 0 |
| LRCX | CLOSED OUT | 0 | - | - | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| XP | ADDED | XP INC - CLASS A | CL A | G98239109 | 78,261,526 | 8.72 | 4813132.0 |
| - | LATAM AIRLINES GROUP-SP ADR | SPONSORED ADR | 51817R205 | 60,987,596 | 6.79 | 1046638.0 | |
| - | TRANSPORT GAS SUR B ADR | SPONSORED ADS B | 893870204 | 53,977,491 | 6.01 | 1815590.0 | |
| - | PAMPA ENERGIA SA | SPONS ADR LVL I | 697660207 | 44,977,427 | 5.01 | 547637.0 | |
| VINP | REDUCED | VINCI COMPASS INVESTMENTS LTD | COM CL A | G9451V109 | 43,215,960 | 4.81 | 4441517.0 |
| ARCO | REDUCED | ARCOS DORADOS HOLDINGS INC | SHS CLASS -A - | G0457F107 | 36,280,696 | 4.04 | 4501327.0 |
| STNE | REDUCED | STONECO LTD-A | COM CL A | G85158106 | 32,563,739 | 3.63 | 3004035.0 |
| - | EMBRAER SA | SPONSORED ADR | 29082A107 | 32,105,755 | 3.58 | 503225.0 | |
| - | BANCO BRADESCO | SP ADR PFD NEW | 059460303 | 30,755,648 | 3.43 | 8863299.0 | |
| TEO | ADDED | TELECOM ARGENTINA | SPON ADR REP B | 879273209 | 30,165,343 | 3.36 | 2320411.0 |
| HAL | NEW | HALLIBURTON CO | COM | 406216101 | 29,750,385 | 3.31 | 876300.0 |
| RIO | ADDED | RIO TINTO PLC | SPONSORED ADR | 767204100 | 29,294,069 | 3.26 | 308586.0 |
| IFS | ADDED | INTERCORP FINANCIAL SERVICES | SHS | P5626F128 | 22,872,060 | 2.55 | 401546.0 |
| FCX | NEW | FREEPORT-MCMORAN INC | CL B | 35671D857 | 21,638,940 | 2.41 | 344076.0 |
| - | ISHARES MSCI BRAZIL ETF | MSCI BRAZIL ETF | 464286400 | 20,056,506 | 2.23 | 581348.0 | |
| INTR | REDUCED | INTER & CO INC - CL A | CLASS A COM | G4R20B107 | 18,543,086 | 2.07 | 3414933.0 |
| BAP | REDUCED | CREDICORP | COM | G2519Y108 | 17,128,664 | 1.91 | 43967.0 |
| MU | ADDED | MICRON TECHNOLOGY INC | COM | 595112103 | 16,737,205 | 1.86 | 14500.0 |
| GOOGL | NEW | ALPHABET INC CLASS A COMMON STOCK | CAP STK CL A | 02079K305 | 15,688,543 | 1.75 | 43900.0 |
| - | VISA INC. CMN CLASS A | COM | 92826C839 | 15,616,428 | 1.74 | 45517.0 | |
| - | MASTERCARD INCORPORATED CMN CLASS A | COM | 57636Q104 | 15,213,859 | 1.69 | 29622.0 | |
| - | PETROLEO BRASILEIRO SA PETRO | SP ADR NON VTG | 71654V101 | 14,536,027 | 1.62 | 992898.0 | |
| - | AMAZON.COM INC CMN | COM | 023135106 | 14,478,202 | 1.61 | 60746.0 | |
| MSFT | NEW | MICROSOFT CORPORATION | COM | 594918104 | 13,988,250 | 1.56 | 37500.0 |
| - | META PLATFORMS INC-CLASS A CMN CLASS A | COM | 30303M102 | 13,965,086 | 1.56 | 24792.0 | |
| - | TAIWAN SEMICONDUCTOR MFG ADS LTD ADS 1ADS EQUALS 5ORDS | COM | 874039100 | 13,668,531 | 1.52 | 28621.0 | |
| - | NVIDIA CORPORATION CMN | COM | 67066G104 | 12,273,321 | 1.37 | 61339.0 | |
| BSAC | ADDED | BANCO SANTANDER CHILE | SP ADR REP COM | 05965X109 | 11,087,860 | 1.23 | 336710.0 |
| NVDA | REDUCED | NVIDIA CORP | COM | 67066G104 | 10,284,626 | 1.15 | 51400.0 |
| - | MICROSOFT CORPORATION CMN | COM | 594918104 | 10,055,500 | 1.12 | 26957.0 | |
| - | GRUPO CIBEST SA-ADR | SPON ADS | 40090E106 | 7,841,886 | 0.87 | 98727.0 | |
| WDC | NEW | WESTERN DIGITAL | COM | 958102105 | 7,217,536 | 0.8 | 11300.0 |
| COHR | NEW | COHERENT CORP | COM | 19247G107 | 6,607,373 | 0.74 | 16750.0 |
| LITE | NEW | LUMENTUM HOLDINGS INC | COM | 55024U109 | 6,435,450 | 0.72 | 7500.0 |
| - | ALPHABET INC. CMN CLASS A | COM | 02079K305 | 6,200,370 | 0.69 | 17350.0 | |
| - | VALE SA SP ADR | SPONSORED ADS | 91912E105 | 5,993,335 | 0.67 | 398493.0 | |
| - | CIA PARANAENSE DE ENER-ADR | SPONSORED ADS | 20441B704 | 5,432,756 | 0.61 | 466331.0 | |
| - | APPLIED OPTOELR | COM | 03823U102 | 5,259,680 | 0.59 | 35500.0 | |
| STX | NEW | SEAGATE TECHNOLOGY HOLDINGS | ORD SHS | G7997R103 | 5,018,000 | 0.56 | 5200.0 |
| GGAL | NEW | GRUPO FINANCIERO GALICIA | SPONSORED ADR | 399909100 | 4,252,550 | 0.47 | 85000.0 |
| - | SPOTIFY TECHNOLOGY S.A. CMN | COM | L8681T102 | 3,960,455 | 0.44 | 8626.0 | |
| - | ITAU UNIBANCO HOLDING SA | SPON ADR REP PFD | 465562106 | 3,914,811 | 0.44 | 479169.0 | |
| - | ON HOLDING AG CMN CLASS A | COM | H5919C104 | 3,839,953 | 0.43 | 108412.0 | |
| - | BOOKING HOLDINGS INC. CMN | COM | 09857L108 | 3,557,849 | 0.4 | 19961.0 | |
| - | MICRON TECHNOLOGY, INC. CMN | COM | 595112103 | 2,981,531 | 0.33 | 2583.0 | |
| - | BROADCOM INC. CMN | COM | 11135F101 | 2,681,270 | 0.3 | 7098.0 | |
| - | APPLE INC. CMN | COM | 037833100 | 2,257,008 | 0.25 | 7800.0 | |
| - | BASIC SANITATION COMPANY OF THE STATE OF | SPONSORED ADR | 20441A102 | 2,036,947 | 0.23 | 352413.0 | |
| - | ULTRAPAR PARTICIPACOES | SP ADR REP COM | 90400P101 | 1,897,675 | 0.21 | 378023.0 | |
| - | TERADYNE INC CMN | COM | 880770102 | 1,869,558 | 0.21 | 3864.0 | |
| - | SHARKNINJA, INC. CMN | COM | G8068L108 | 1,798,004 | 0.2 | 11808.0 | |
| - | ACM RESEARCH, INC. CMN CLASS A | COM | 00108J109 | 1,752,985 | 0.2 | 13815.0 | |
| - | BANCO MACRO BANSUD SA | SPON ADR B | 05961W105 | 1,719,119 | 0.19 | 18567.0 | |
| - | ORACLE CORPORATION CMN | COM | 68389X105 | 1,665,541 | 0.19 | 11365.0 | |
| - | COSTCO WHOLESALE CORPORATION CMN | COM | 22160K105 | 1,496,752 | 0.17 | 1600.0 | |
| - | WALMART INC CMN | COM | 931142103 | 1,495,598 | 0.17 | 13205.0 | |
| - | NATERA, INC. CMN | COM | 632307104 | 1,465,830 | 0.16 | 5400.0 | |
| - | ROBINHOOD MARKETS, INC. CMN | COM | 770700102 | 1,437,815 | 0.16 | 14338.0 | |
| - | PETROLEO BRASILEIRO ADR | SPONSORED ADR | 71654V408 | 1,300,557 | 0.14 | 80480.0 | |
| - | LUMENTUM HOLDINGS INC. CMN | COM | 55024U109 | 1,179,832 | 0.13 | 1375.0 | |
| MA | NEW | MASTERCARD INCORPORATED | CL A | 57636Q104 | 1,068,288 | 0.12 | 2080.0 |
| EVEX | REDUCED | EVE HOLDING INC | COM | 29970N104 | 1,040,726 | 0.12 | 414632.0 |
| - | AXIA ENERGIA SA | SPONSORED ADR | 15234Q207 | 1,040,107 | 0.12 | 98495.0 | |
| - | APPLIED MATERIALS INC CMN | COM | 038222105 | 903,750 | 0.1 | 1250.0 | |
| - | COMPNHIA ENRG | SP ADR N-V PFD | 204409601 | 865,393 | 0.1 | 412092.0 | |
| - | HYPERLIQUID STRATEGIES INC CMN | COM | 44916Y106 | 860,427 | 0.1 | 109330.0 | |
| - | VERTIV HOLDINGS LLC CMN CLASS A | COM | 92537N108 | 821,648 | 0.09 | 2454.0 | |
| - | ISHARE CHINA LARGE CAP ETF | CHINA LG-CAP ETF | 464287184 | 801,438 | 0.09 | 25370.0 | |
| - | LAM RESEARCH CORPORATION CMN | COM | 512807306 | 747,494 | 0.08 | 1725.0 | |
| META | REDUCED | META PLATFORMS INC | CL A | 30303M102 | 695,663 | 0.08 | 1235.0 |
| - | VNET GROUP INC SPONSORED ADR CMN | COM | 90138A103 | 641,496 | 0.07 | 79788.0 | |
| INTC | NEW | INTEL CORP | COM | 458140100 | 640,902 | 0.07 | 4590.0 |
| - | TERAWULF INC CMN | COM | 88080T104 | 638,273 | 0.07 | 25841.0 | |
| - | ASML HOLDING N.V. ADR CMN | COM | N07059210 | 578,927 | 0.06 | 291.0 | |
| - | APTIV PLC CMN | COM | G3265R107 | 552,420 | 0.06 | 9000.0 | |
| - | SUZANO SA | SPON ADS | 86959K105 | 291,939 | 0.03 | 37621.0 | |
| PAX | NEW | PATRIA INVESTMENTS LTD-A | COM CL A | G69451105 | 203,569 | 0.02 | 18540.0 |
| - | QUALCOMM INC | COM | 747525103 | 190,334 | 0.02 | 1030.0 | |
| - | COMPHANIA DE BEBIDAS DAS AMERICAS AMBEV | SPONSORED ADR | 02319V103 | 159,738 | 0.02 | 50872.0 | |
| - | AZUL SA-SPON ADR | SPONSORED ADR | 05501U601 | 140,927 | 0.02 | 15676.0 | |
| - | BANCO DE CHILE | SPONSORED ADS | 059520106 | 124,489 | 0.01 | 3131.0 | |
| - | TIM SA-ADR | SPONSORED ADR | 88706T108 | 121,451 | 0.01 | 5670.0 | |
| APTV | NEW | APTIV HOLDINGS LTD | COM SHS | G3265R107 | 84,091 | 0.01 | 1370.0 |
| - | AXIA ENERGIA SA | SPON ADS PF CL C | 15236F100 | 19,085 | 0.0 | 1809.0 | |
| - | COSAN SA -ADR -W/I | ADS | 22113B103 | 1,224 | 0.0 | 425.0 | |
| AMZN | CLOSED | AMAZON.COM INC | COM | 023135106 | 0 | 0.0 | 0.0 |
| - | BHP BILLITON LTD -SPON ADR | SPONSORED ADR | 088606108 | 0 | 0.0 | 0.0 | |
| - | COMPNHIA ENRG C | SPONSORED ADR | 204409882 | 0 | 0.0 | 0.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-19 | 897,970,154 | 88 | 7.634344 | 0.283323 | 15.021798 |
| 2026-03-31 | 2026-05-06 | 1,204,320,936 | 82 | 4.396811 | 0.154334 | 7.493019 |
| 2025-12-31 | 2026-02-13 | 978,948,124 | 73 | 7.870187 | 0.242281 | 11.793861 |
| 2025-09-30 | 2025-11-12 | 1,203,266,390 | 167 | 6.353941 | 0.224023 | 9.167022 |
| 2025-03-31 | 2025-05-14 | 776,612,693 | 107 | 7.155629 | 0.278557 | 13.341363 |
| 2024-12-31 | 2025-02-07 | 665,911,773 | 95 | 6.763221 | 0.259658 | 10.703808 |
| 2024-09-30 | 2024-12-12 | 756,515,575 | 71 | 3.514768 | 0.149668 | 6.393617 |