Absolute Gestao de Investimentos Ltda. In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Absolute Gestao de Investimentos Ltda. reported 28 stock positions worth $191.7 million . Its top holding was Southwestern Energy (SWN) at 22.6% of the portfolio, followed by Axonics (17.1% ) and Nuvei Corp.-Subordinate VTG (NVEI, 9.7% ). Compared with Q1 2024, it opened 13 new positions, sold out of 18, added to 5 and reduced 7. The biggest buy was Southwestern Energy (SWN, shares +268% ) and the biggest sale an exit from Pioneer Natural Resources (PXD).
Location SAO PAULO, D5
CIK 0001622610
Portfolio Value $191.7M (Q2 2024) Holdings 28 stocks · $191.7M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2024 SWN Southwestern Energy Co. 6,438,626 $43.3M Add +267.9% AXONICS INC 486,112 $32.7M New NVEI Nuvei Corp.-Subordinate VTG 573,723 $18.6M New ARCO Arcos Dorados Holdings Inc. Class A 1,758,907 $15.8M Reduce -13.4% OLK Olink Holding AB - ADR 547,311 $13.9M Add +0.1% PAGS Pagseguro Digital Ltd. Class A 846,972 $9.9M Add +147.1% STNE Stoneco Ltd. Class A 619,117 $7.4M Add +1503.9% TSM Taiwan Semiconductor-SP ADR 40,570 $7.1M New AMZN Amazon.com Inc. 32,719 $6.3M Reduce -63.6% KKR KKR & Co. Inc. 55,877 $5.9M Reduce -24.8% GOOGL Alphabet Inc. Class A 28,078 $5.1M Add +1120.8% JNPR Juniper Networks Inc. 130,000 $4.7M No change ETRN Equitrans Midstream Corp. 291,502 $3.8M New AGRO Adecoagro SA 356,680 $3.5M Reduce -5.8% HCP Hashicorp Inc. Class A 100,000 $3.4M New SUZ Suzano SA - Spon ADR 273,180 $2.8M New META Meta Platforms Inc. Class A 4,672 $2.4M Reduce -86.7% NWLI National Western Life Grou-A 3,548 $1.8M No change XOM Exxon Mobil Corp. 8,628 $993K New URA Global X Uranium ETF 20,000 $579K New JPM JPMorgan Chase & Co. 1,500 $303K New NVDA Nvidia Corp. 2,200 $272K Reduce -60.0% BABA Alibaba Group Holding-SP ADR 3,770 $271K New VALE Vale SA-SP ADR 20,000 $223K Reduce -60.0% AMD Advanced Micro Devices 1,300 $211K New VINP Vinci Compass Investments LT filed as VINCI PARTNERS INVTS LTD 19,229 $210K No change RIVN Rivian Automotive Inc. Class A 15,000 $201K New GGB Gerdau SA -Spon ADR 14,000 $46K New
Options reported separately and not counted above: STATE STR SPDR DOW JONES IND calls ($557K), AZUL S A puts ($533K), SELECT SECTOR SPDR TR calls ($319K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $1K (not counted above) Security Class Shares / Principal Value Change ZLSWF Zalatoris II Acquisition Cor *W EXP 99/99/999 33,333 $1K No change
Total filed on the 13F, all lines: $191.7M.
Portfolio Sells Q1 2024 → Q2 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2024 % Of Portfolio Change To Portfolio ▲ PXD Pioneer Natural Resources Co. Sold out 0.00% −17.67 TCN Tricon Residential Inc. Sold out 0.00% −10.75 SP SP Plus Corp. Sold out 0.00% −6.39 XLF SS Financial Select Sector Sold out 0.00% −5.84 AEL American National Group Inc. Sold out 0.00% −5.49 META Meta Platforms Inc. Class A Reduce -86.7% 1.23% −4.03 CPRI Capri Holdings Ltd. Sold out 0.00% −4.01 MELI MercadoLibre Inc. Sold out 0.00% −3.93 DLO Dlocal Ltd. Sold out 0.00% −3.07 IWM iShares Russell 2000 ETF Sold out 0.00% −2.52 KRE SS SPDR S&P Regional Bank Sold out 0.00% −2.22 AMZN Amazon.com Inc. Reduce -63.6% 3.30% −1.70 TX Ternium SA-Sponsored ADR Sold out 0.00% −1.67 PFE Pfizer Inc. Sold out 0.00% −1.17 STLA Stellantis NV Sold out 0.00% −0.93 IFS Intercorp Financial Services Sold out 0.00% −0.45 OXY Occidental Petroleum Corp. Sold out 0.00% −0.34 PBR Petroleo Brasileiro-Spon ADR Sold out 0.00% −0.30 HOOD Robinhood Markets Inc. Class A Sold out 0.00% −0.08 VALE Vale SA-SP ADR Reduce -60.0% 0.12% −0.07 VTEX Vtex Class A Sold out 0.00% −0.04 NVDA Nvidia Corp. Reduce -60.0% 0.14% −0.01 AGRO Adecoagro SA Reduce -5.8% 1.81% +0.52 KKR KKR & Co. Inc. Reduce -24.8% 3.07% +0.77 ARCO Arcos Dorados Holdings Inc. Class A Reduce -13.4% 8.26% +1.30
Portfolio Buys Q1 2024 → Q2 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2024 % Of Portfolio Change To Portfolio ▼ SWN Southwestern Energy Co. Add +267.9% 22.61% +18.52 AXONICS INC New 17.05% +17.05 NVEI Nuvei Corp.-Subordinate VTG New 9.69% +9.69 TSM Taiwan Semiconductor-SP ADR New 3.68% +3.68 STNE Stoneco Ltd. Class A Add +1503.9% 3.87% +3.68 PAGS Pagseguro Digital Ltd. Class A Add +147.1% 5.17% +3.66 OLK Olink Holding AB - ADR Add +0.1% 7.28% +3.31 GOOGL Alphabet Inc. Class A Add +1120.8% 2.67% +2.56 ETRN Equitrans Midstream Corp. New 1.97% +1.97 HCP Hashicorp Inc. Class A New 1.76% +1.76 SUZ Suzano SA - Spon ADR New 1.46% +1.46 XOM Exxon Mobil Corp. New 0.52% +0.52 URA Global X Uranium ETF New 0.30% +0.30 JPM JPMorgan Chase & Co. New 0.16% +0.16 BABA Alibaba Group Holding-SP ADR New 0.14% +0.14 AMD Advanced Micro Devices New 0.11% +0.11 RIVN Rivian Automotive Inc. Class A New 0.10% +0.10 GGB Gerdau SA -Spon ADR New 0.02% +0.02
Options Activity Q1 2024 → Q2 2024 Security Type Change vs Q1 2024 Underlying Shares Value ▼ ISHARES TR call Sold out 41,986 $3.0Mbefore exit ISHARES INC call Sold out 20,500 $763Kbefore exit ISHARES TR call Sold out 48,000 $614Kbefore exit STATE STR SPDR DOW JONES IND call New 5,300 $557K AZUL S A put New 6,926 $533K ISHARES TR call Sold out 14,000 $448Kbefore exit SELECT SECTOR SPDR TR call New 17,002 $319K
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 34 $362.7M EA, WBS, NUVL, PBR.A, APGE Q1 2026 70 $875.3M EEM, EFA, HOLX, EA, PBR.A Q4 2025 41 $953.4M GTLS, CYBR, EA, DAY, EFA Q3 2025 35 $756.9M CYBR, EEM, GTLS, EWZ, EMXC Q2 2025 52 $307.5M EEM, JNPR, FYBR, COOP, ALE Q1 2025 37 $227.8M JNPR, FYBR, ALE, K, BABA Q4 2024 39 $235.3M HCP, GOOG, JNPR, FYBR, ALE Q3 2024 34 $294.5M HCP, AGR, AXONICS INC, STNE, SWN Q2 2024 28 $191.7M SWN, AXONICS INC, NVEI, ARCO, OLK Q1 2024 33 $324.4M PXD, TCN, ARCO, SP, XLF