Absolute Gestao de Investimentos Ltda.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 7, 2024), Absolute Gestao de Investimentos Ltda. reported 34 stock positions worth $294.5 million. Its top holding was Hashicorp Class A (HCP) at 13.5% of the portfolio, followed by Avangrid (AGR, 11.9%) and Axonics (9.5%). Compared with Q2 2024, it opened 19 new positions, sold out of 13, added to 10 and reduced 4. The biggest buy was a new position in Avangrid (AGR) and the biggest sale Southwestern Energy (SWN, shares −58%).

Most Recent 13F
Q2 2026
Location
SAO PAULO, D5
CIK
0001622610
Portfolio Value
$294.5M (Q3 2024)
SEC Filing
0001622610-24-000005 ↗ filed Nov 7, 2024

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 $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 Q2 2026

Holdings 34 stocks · $294.5M
HCP Hashicorp Inc. Class A 13.45% 1,169,872 $39.6M Add +1069.9%
AGR Avangrid Inc. 11.90% 979,414 $35.1M New
AXONICS INC 9.54% 403,427 $28.1M Reduce -17.0%
STNE Stoneco Ltd. Class A 7.11% 1,859,716 $20.9M Add +200.4%
SWN Southwestern Energy Co. 6.59% 2,729,160 $19.4M Reduce -57.6%
AY Atlantica Sustainable Infras 6.07% 813,554 $17.9M New
PAGS Pagseguro Digital Ltd. Class A 5.51% 1,884,886 $16.2M Add +122.5%
EVRI Everi Holdings Inc. 5.45% 1,221,017 $16.0M New
ARCO Arcos Dorados Holdings Inc. Class A 5.31% 1,792,704 $15.6M Add +1.9%
GOOGL Alphabet Inc. Class A 5.22% 92,729 $15.4M Add +230.3%
TSM Taiwan Semiconductor-SP ADR 4.37% 74,070 $12.9M Add +82.6%
ALE Allete Inc. 3.14% 144,175 $9.3M New
JNPR Juniper Networks Inc. 3.13% 236,538 $9.2M Add +82.0%
XLF SS Financial Select Sector 2.31% 150,000 $6.8M New
AMZN Amazon.com Inc. 2.21% 34,910 $6.5M Add +6.7%
BLK BlackRock Finance Inc. 1.55% 4,800 $4.6M New
XP XP Inc. Class A 1.30% 213,892 $3.8M New
XBI SS SPDR S&P Biotech ETF 1.01% 30,000 $3.0M New
META Meta Platforms Inc. Class A 0.99% 5,071 $2.9M Add +8.5%
CG The Carlyle Group Inc. 0.77% 52,894 $2.3M New
VTEX Vtex Class A 0.75% 297,372 $2.2M New
TMO Thermo Fisher Scientific Inc. 0.53% 2,500 $1.5M New
HD Home Depot Inc. 0.34% 2,500 $1.0M New
ACN Accenture PLC Class A 0.27% 2,209 $781K New
PRFT Perficient Inc. 0.20% 7,893 $596K New
EWZ iShares MSCI Brazil ETF 0.20% 20,000 $590K New
MELI MercadoLibre Inc. 0.14% 200 $410K New
BABA Alibaba Group Holding-SP ADR 0.11% 3,010 $319K Reduce -20.2%
PLTR Palantir Technologies Inc. Class A 0.10% 8,136 $303K New
XLU St Sr Utl SL SE SPDR ETF-Usd 0.10% 3,500 $283K New
NKE Nike Inc. Class B 0.09% 3,093 $273K New
JPM JPMorgan Chase & Co. 0.09% 1,240 $261K Reduce -17.3%
AMD Advanced Micro Devices 0.08% 1,440 $236K Add +10.8%
VINP Vinci Compass Investments LT filed as VINCI PARTNERS INVTS LTD 0.06% 19,229 $191K No change

Options reported separately and not counted above: ISHARES TR calls ($5.1M), ISHARES TR calls ($2.5M), SELECT SECTOR SPDR TR calls ($620K), KRANESHARES TRUST calls ($472K), SPDR SERIES TRUST calls ($469K), AZUL S A puts ($367K), ISHARES INC calls ($361K), ISHARES TR calls ($353K), SELECT SECTOR SPDR TR calls ($331K).

Portfolio Sells Q2 2024 → Q3 2024
SWN Southwestern Energy Co. Reduce -57.6% 6.59% −16.02
NVEI Nuvei Corp.-Subordinate VTG Sold out 0.00% −9.69
AXONICS INC Reduce -17.0% 9.54% −7.52
OLK Olink Holding AB - ADR Sold out 0.00% −7.28
KKR KKR & Co. Inc. Sold out 0.00% −3.07
ETRN Equitrans Midstream Corp. Sold out 0.00% −1.97
AGRO Adecoagro SA Sold out 0.00% −1.81
SUZ Suzano SA - Spon ADR Sold out 0.00% −1.46
NWLI National Western Life Grou-A Sold out 0.00% −0.92
XOM Exxon Mobil Corp. Sold out 0.00% −0.52
URA Global X Uranium ETF Sold out 0.00% −0.30
NVDA Nvidia Corp. Sold out 0.00% −0.14
VALE Vale SA-SP ADR Sold out 0.00% −0.12
RIVN Rivian Automotive Inc. Class A Sold out 0.00% −0.10
JPM JPMorgan Chase & Co. Reduce -17.3% 0.09% −0.07
BABA Alibaba Group Holding-SP ADR Reduce -20.2% 0.11% −0.03
GGB Gerdau SA -Spon ADR Sold out 0.00% −0.02

Portfolio Buys Q2 2024 → Q3 2024
AGR Avangrid Inc. New 11.90% +11.90
HCP Hashicorp Inc. Class A Add +1069.9% 13.45% +11.70
AY Atlantica Sustainable Infras New 6.07% +6.07
EVRI Everi Holdings Inc. New 5.45% +5.45
STNE Stoneco Ltd. Class A Add +200.4% 7.11% +3.24
ALE Allete Inc. New 3.14% +3.14
GOOGL Alphabet Inc. Class A Add +230.3% 5.22% +2.55
XLF SS Financial Select Sector New 2.31% +2.31
BLK BlackRock Finance Inc. New 1.55% +1.55
XP XP Inc. Class A New 1.30% +1.30
XBI SS SPDR S&P Biotech ETF New 1.01% +1.01
CG The Carlyle Group Inc. New 0.77% +0.77
VTEX Vtex Class A New 0.75% +0.75
TSM Taiwan Semiconductor-SP ADR Add +82.6% 4.37% +0.69
JNPR Juniper Networks Inc. Add +82.0% 3.13% +0.66
TMO Thermo Fisher Scientific Inc. New 0.53% +0.53
PAGS Pagseguro Digital Ltd. Class A Add +122.5% 5.51% +0.35
HD Home Depot Inc. New 0.34% +0.34
ACN Accenture PLC Class A New 0.27% +0.27
PRFT Perficient Inc. New 0.20% +0.20
EWZ iShares MSCI Brazil ETF New 0.20% +0.20
MELI MercadoLibre Inc. New 0.14% +0.14
PLTR Palantir Technologies Inc. Class A New 0.10% +0.10
XLU St Sr Utl SL SE SPDR ETF-Usd New 0.10% +0.10
NKE Nike Inc. Class B New 0.09% +0.09
AMD Advanced Micro Devices Add +10.8% 0.08% −0.03
META Meta Platforms Inc. Class A Add +8.5% 0.99% −0.24
AMZN Amazon.com Inc. Add +6.7% 2.21% −1.09
ARCO Arcos Dorados Holdings Inc. Class A Add +1.9% 5.31% −2.95

Options Activity Q2 2024 → Q3 2024
ISHARES TR call New 104,930 $5.1M
ISHARES TR call New 57,920 $2.5M
SELECT SECTOR SPDR TR call New 32,620 $620K
STATE STR SPDR DOW JONES IND call Sold out 5,300 $557Kbefore exit
KRANESHARES TRUST call New 8,500 $472K
SPDR SERIES TRUST call New 12,030 $469K
AZUL S A put Reduce -33.5% 4,603 $367K
ISHARES INC call New 26,500 $361K
ISHARES TR call New 6,200 $353K
SELECT SECTOR SPDR TR call New 5,850 $331K
SELECT SECTOR SPDR TR call Sold out 17,002 $319Kbefore exit

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

Notes & Other Activity Q2 2024 → Q3 2024
ZLSWF Zalatoris II Acquisition Cor *W EXP 99/99/999 Sold out 33,333 $1Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages 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