Absolute Gestao de Investimentos Ltda.

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 25, 2026), Absolute Gestao de Investimentos Ltda. reported 34 stock positions worth $362.7 million. Its top holding was Electronic Arts (EA) at 16.4% of the portfolio, followed by Webster Financial (WBS, 13.7%) and Nuvalent Class A (NUVL, 11.9%). Compared with Q1 2026, it opened 17 new positions, sold out of 53, added to 4 and reduced 12. The biggest buy was a new position in Nuvalent Class A (NUVL) and the biggest sale an exit from iShares MSCI Emerging Market (EEM).

Most Recent 13F
Q2 2026
Location
SAO PAULO, D5
CIK
0001622610
Portfolio Value
$362.7M (Q2 2026)
SEC Filing
0001622610-26-000007 ↗ filed Aug 25, 2026

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $324.4M Q1 2024 Q2 2024: $191.7M Q2 2024 Q3 2024: $294.5M Q3 2024 Q4 2024: $235.3M Q4 2024 Q1 2025: $227.8M Q1 2025 Q2 2025: $307.5M Q2 2025 Q3 2025: $756.9M Q3 2025 Q4 2025: $953.4M Q4 2025 Q1 2026: $875.3M Q1 2026 Q2 2026: $362.7M $362.7M Q2 2026

Holdings 34 stocks · $362.7M
EA Electronic Arts Inc. 16.45% 290,934 $59.7M Reduce -13.7%
WBS Webster Financial Corp. 13.71% 650,619 $49.7M Add +116.9%
NUVL Nuvalent Inc. Class A 11.92% 350,000 $43.2M New
PBR.A Petroleo Brasil-SP Pref ADR 10.42% 2,580,300 $37.8M Reduce -17.5%
APGE Apogee Therapeutics Inc. 7.50% 205,000 $27.2M New
PAM Pampa Energia SA-Spon ADR 5.04% 222,572 $18.3M Reduce -22.6%
KVUE Kenvue Inc. 4.86% 923,260 $17.6M No change
GTLS Chart Industries Inc. 4.30% 74,717 $15.6M New
AAUC Allied Gold Corp. 3.40% 518,968 $12.3M Reduce -68.7%
CNXT Vaneck Chinext Innovators-Ui 3.07% 178,585 $11.1M New
OGN Organon & Co. 2.48% 665,230 $9.0M New
ROKU Roku Inc. 2.32% 61,000 $8.4M New
EWJ iShares MSCI Japan ETF 1.93% 75,000 $7.0M New
DLO Dlocal Ltd. 1.31% 364,508 $4.7M Reduce -59.3%
CCO Clear Channel Outdoor Holdin 1.05% 1,570,846 $3.8M New
AUGO Aura Minerals Inc. 0.96% 55,467 $3.5M Add +1379.1%
BMA Banco Macro SA-ADR 0.91% 35,507 $3.3M Reduce -64.8%
ESPR Esperion Therapeutics Inc. 0.87% 997,000 $3.2M New
CEPU Central Puerto-Sponsored ADR 0.81% 198,380 $2.9M Reduce -30.6%
TEO Telecom Argentina SA-SP ADR 0.80% 222,922 $2.9M Add +156.7%
UNF Unifirst Corp. 0.62% 8,450 $2.2M Reduce -85.4%
VIST Vista Energy Sab DE CV 0.62% 35,000 $2.2M New
TSM Taiwan Semiconductor-SP ADR 0.59% 4,500 $2.1M Reduce -78.8%
KKR KKR & Co. Inc. 0.57% 22,500 $2.1M Reduce -51.4%
AMZN Amazon.com Inc. 0.53% 8,000 $1.9M Reduce -78.3%
MSFT Microsoft Corp. 0.51% 5,000 $1.9M New
AGBK Agi Inc. Class A 0.51% 263,115 $1.9M Add +403.5%
GOOGL Alphabet Inc. Class A 0.49% 5,000 $1.8M Reduce -50.0%
TGS Transportador Gas-ADR SP B 0.42% 51,488 $1.5M New
ZETA Zeta Global Holdings Corp. Class A 0.27% 50,000 $984K New
ASHR Xtrackers Harvest Csi 300 CH 0.25% 25,000 $917K New
SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI 0.24% 151,610 $876K New
RSP Invesco S&P 500 Equal Weight 0.18% 3,000 $638K New
BRZE Braze Inc. Class A 0.09% 15,000 $325K New

Options reported separately and not counted above: ISHARES INC calls ($293.3M), SELECT SECTOR SPDR TR calls ($229.7M), ISHARES TR calls ($62.3M), STATE STR SPDR DOW JONES IND calls ($36.6M), INVESCO QQQ TR puts ($7.4M), SPACE EXPLORATION TECHN CORP puts ($1.7M), KKR & CO INC calls ($441K).

Portfolio Sells Q1 2026 → Q2 2026
EEM iShares MSCI Emerging Market Sold out 0.00% −13.39
EFA iShares MSCI Eafe ETF Sold out 0.00% −11.54
HOLX Hologic Inc. Sold out 0.00% −10.42
EWZ iShares MSCI Brazil ETF Sold out 0.00% −4.12
EWC iShares MSCI Canada ETF Sold out 0.00% −3.44
EWA iShares MSCI Australia ETF Sold out 0.00% −3.12
EMLC Vaneck JPM Em Local Curr BND Sold out 0.00% −2.55
AAUC Allied Gold Corp. Reduce -68.7% 3.40% −2.47
APLS Apellis Pharmaceuticals Inc. Sold out 0.00% −2.07
MELI MercadoLibre Inc. Sold out 0.00% −1.92
CWAN Clearwater Analytics HDS-A Sold out 0.00% −1.89
NU Nu Holdings Ltd./Cayman Isl-A Sold out 0.00% −1.58
TERN Terns Pharmaceuticals Inc. Sold out 0.00% −1.39
PAGS Pagseguro Digital Ltd. Class A Sold out 0.00% −1.35
XP XP Inc. Class A Sold out 0.00% −1.27
UNF Unifirst Corp. Reduce -85.4% 0.62% −1.05
GGAL Grupo Financiero Galicia-ADR Sold out 0.00% −0.90
OS Onestream Inc. Sold out 0.00% −0.67
EWY iShares MSCI South Korea ETF Sold out 0.00% −0.61
JHG Janus Henderson Group PLC Sold out 0.00% −0.54
AMZN Amazon.com Inc. Reduce -78.3% 0.53% −0.35
MU Micron Technology Inc. Sold out 0.00% −0.33
JPM JPMorgan Chase & Co. Sold out 0.00% −0.30
META Meta Platforms Inc. Class A Sold out 0.00% −0.23
TSM Taiwan Semiconductor-SP ADR Reduce -78.8% 0.59% −0.23
UDMY Udemy Inc. Sold out 0.00% −0.19
LOMA Loma Negra Cia Ind-Spon ADR Sold out 0.00% −0.19
STNE Stoneco Ltd. Class A Sold out 0.00% −0.14
FSK FS KKR Capital Corp. Sold out 0.00% −0.13
ALK Alaska Air Group Inc. Sold out 0.00% −0.12
SNDK Sandisk Corp. Sold out 0.00% −0.06
ABEV Ambev SA-ADR Sold out 0.00% −0.05
IRS Irsa -SP ADR Sold out 0.00% −0.05
TSLA Tesla Inc. Sold out 0.00% −0.04
COHR Coherent Corp. Sold out 0.00% −0.04
HYMC Hycroft Mining Holding Co. Class A Sold out 0.00% −0.04
SSRM SSR Mining Inc. Sold out 0.00% −0.04
AG First Majestic Silver Corp. Sold out 0.00% −0.04
SVM Silvercorp Metals Inc. Sold out 0.00% −0.04
CIEN Ciena Corp. Sold out 0.00% −0.04
GLW Corning Inc. Sold out 0.00% −0.04
LITE Lumentum Holdings Inc. Sold out 0.00% −0.04
EQX Equinox Gold Corp. Sold out 0.00% −0.04
SCZM Santacruz Silver Mining Ltd. Sold out 0.00% −0.03
IAG Iamgold Corp. Sold out 0.00% −0.03
CDE Coeur Mining Inc. Sold out 0.00% −0.03
SBSW Sibanye-Stillwater Ltd.-ADR Sold out 0.00% −0.03
EXK Endeavour Silver Corp. Sold out 0.00% −0.03
ARM Arm Holdings PLC-ADR Sold out 0.00% −0.03
STX Seagate Technology Holdings Sold out 0.00% −0.03

Portfolio Buys Q1 2026 → Q2 2026
NUVL Nuvalent Inc. Class A New 11.92% +11.92
WBS Webster Financial Corp. Add +116.9% 13.71% +11.33
APGE Apogee Therapeutics Inc. New 7.50% +7.50
GTLS Chart Industries Inc. New 4.30% +4.30
CNXT Vaneck Chinext Innovators-Ui New 3.07% +3.07
OGN Organon & Co. New 2.48% +2.48
ROKU Roku Inc. New 2.32% +2.32
EWJ iShares MSCI Japan ETF New 1.93% +1.93
CCO Clear Channel Outdoor Holdin New 1.05% +1.05
AUGO Aura Minerals Inc. Add +1379.1% 0.96% +0.93
ESPR Esperion Therapeutics Inc. New 0.87% +0.87
TEO Telecom Argentina SA-SP ADR Add +156.7% 0.80% +0.68
VIST Vista Energy Sab DE CV New 0.62% +0.62
MSFT Microsoft Corp. New 0.51% +0.51
AGBK Agi Inc. Class A Add +403.5% 0.51% +0.47
TGS Transportador Gas-ADR SP B New 0.42% +0.42
ZETA Zeta Global Holdings Corp. Class A New 0.27% +0.27
ASHR Xtrackers Harvest Csi 300 CH New 0.25% +0.25
SBS Cia Saneamento Basico DE-ADR New 0.24% +0.24
RSP Invesco S&P 500 Equal Weight New 0.18% +0.18
BRZE Braze Inc. Class A New 0.09% +0.09

Options Activity Q1 2026 → Q2 2026
ISHARES INC call Add +109577.4% 8,500,000 $293.3M
SELECT SECTOR SPDR TR call New 4,285,000 $229.7M
ISHARES TR call New 600,000 $62.3M
STATE STR SPDR DOW JONES IND call New 70,000 $36.6M
INVESCO QQQ TR put New 10,000 $7.4M
SPACE EXPLORATION TECHN CORP put New 10,000 $1.7M
KKR & CO INC call New 4,800 $441K
SPDR GOLD TR call Sold out 980 $434Kbefore exit
ISHARES TR call Sold out 9,500 $336Kbefore exit
SELECT SECTOR SPDR TR call Sold out 2,385 $298Kbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 34$362.7MEA, WBS, NUVL, PBR.A, APGE
Q1 2026 70$875.3MEEM, EFA, HOLX, EA, PBR.A
Q4 2025 41$953.4MGTLS, CYBR, EA, DAY, EFA
Q3 2025 35$756.9MCYBR, EEM, GTLS, EWZ, EMXC
Q2 2025 52$307.5MEEM, JNPR, FYBR, COOP, ALE
Q1 2025 37$227.8MJNPR, FYBR, ALE, K, BABA
Q4 2024 39$235.3MHCP, GOOG, JNPR, FYBR, ALE
Q3 2024 34$294.5MHCP, AGR, AXONICS INC, STNE, SWN
Q2 2024 28$191.7MSWN, AXONICS INC, NVEI, ARCO, OLK
Q1 2024 33$324.4MPXD, TCN, ARCO, SP, XLF