Absolute Gestao de Investimentos Ltda.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Absolute Gestao de Investimentos Ltda. reported 39 stock positions worth $235.3 million. Its top holding was Hashicorp Class A (HCP) at 21.5% of the portfolio, followed by Alphabet Class C (GOOG, 18.5%) and Juniper Networks (JNPR, 11.7%). Compared with Q3 2024, it opened 25 new positions, sold out of 20, added to 5 and reduced 9. The biggest buy was a new position in Alphabet Class C (GOOG) and the biggest sale an exit from Avangrid (AGR).
- Most Recent 13F
- Q2 2026
- Location
- SAO PAULO, D5
- CIK
- 0001622610
- Portfolio Value
- $235.3M (Q4 2024)
- SEC Filing
- 0001622610-25-000002 ↗ filed Feb 14, 2025
Holdings Value
Holdings 39 stocks · $235.3M
| HCP Hashicorp Inc. Class A | 21.49% | 1,477,588 | $50.5M | Add +26.3% |
| GOOG Alphabet Inc. Class C | 18.48% | 228,301 | $43.5M | New |
| JNPR Juniper Networks Inc. | 11.71% | 735,538 | $27.5M | Add +211.0% |
| FYBR Frontier Communications Pare | 8.56% | 580,111 | $20.1M | New |
| ALE Allete Inc. | 7.00% | 254,175 | $16.5M | Add +76.3% |
| K Kellanova | 4.99% | 145,000 | $11.7M | New |
| SILV Silvercrest Metals Inc. | 4.59% | 1,186,550 | $10.8M | New |
| ALTM Arcadium Lithium PLC | 3.95% | 1,810,000 | $9.3M | New |
| ESGR Enstar Group Ltd. | 3.49% | 25,500 | $8.2M | New |
| EVRI Everi Holdings Inc. | 2.89% | 503,016 | $6.8M | Reduce -58.8% |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 1.20% | 66,370 | $2.8M | New |
| STNE Stoneco Ltd. Class A | 1.16% | 342,206 | $2.7M | Reduce -81.6% |
| BMA Banco Macro SA-ADR | 0.96% | 23,427 | $2.3M | New |
| CG The Carlyle Group Inc. | 0.95% | 44,102 | $2.2M | Reduce -16.6% |
| EDN Emp Distrib Y Comerc Nor-ADR filed as EMPRESA DIST Y COMERCIAL NOR | 0.94% | 51,397 | $2.2M | New |
| VTEX Vtex Class A | 0.72% | 288,842 | $1.7M | Reduce -2.9% |
| X United States Steel Corp. | 0.69% | 48,000 | $1.6M | New |
| EMB iShares JP Morgan Usd Emergi | 0.66% | 17,500 | $1.6M | New |
| GGAL Grupo Financiero Galicia-ADR | 0.64% | 24,183 | $1.5M | New |
| PAGS Pagseguro Digital Ltd. Class A | 0.63% | 235,317 | $1.5M | Reduce -87.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.54% | 6,483 | $1.3M | Reduce -91.3% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.48% | 25,000 | $1.1M | New |
| AMZN Amazon.com Inc. | 0.44% | 4,681 | $1.0M | Reduce -86.6% |
| ASML ASML Holding NV-NY Reg SHS | 0.31% | 1,053 | $730K | New |
| ARGT Global X MSCI Argentina ETF | 0.29% | 8,270 | $684K | New |
| LAZ Lazard Inc. | 0.27% | 12,500 | $644K | New |
| APO Apollo Global Management Inc. | 0.25% | 3,500 | $578K | New |
| IWM iShares Russell 2000 ETF | 0.24% | 2,530 | $559K | New |
| HOOD Robinhood Markets Inc. Class A | 0.19% | 11,774 | $439K | New |
| XYZ Block Inc. | 0.18% | 4,879 | $415K | New |
| XLF SS Financial Select Sector | 0.15% | 7,500 | $362K | Reduce -95.0% |
| KRE SS SPDR S&P Regional Bank | 0.15% | 5,770 | $348K | New |
| JPM JPMorgan Chase & Co. | 0.14% | 1,353 | $324K | Add +9.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.13% | 920 | $315K | New |
| BWXT BWX Technologies Inc. | 0.12% | 2,625 | $292K | New |
| BABA Alibaba Group Holding-SP ADR | 0.11% | 3,133 | $266K | Add +4.1% |
| MELI MercadoLibre Inc. | 0.11% | 152 | $258K | Reduce -24.0% |
| LLY Eli Lilly & Co. | 0.11% | 327 | $252K | New |
| PAM Pampa Energia SA-Spon ADR | 0.10% | 2,800 | $246K | New |
Options reported separately and not counted above: AZUL S A puts ($385K), ALPHABET INC calls ($320K), ARK ETF TR calls ($271K), SELECT SECTOR SPDR TR calls ($120K), ISHARES TR calls ($55K).
Portfolio Sells Q3 2024 → Q4 2024
| AGR Avangrid Inc. | Sold out | 0.00% | −11.90 |
| AXONICS INC | Sold out | 0.00% | −9.54 |
| SWN Southwestern Energy Co. | Sold out | 0.00% | −6.59 |
| AY Atlantica Sustainable Infras | Sold out | 0.00% | −6.07 |
| STNE Stoneco Ltd. Class A | Reduce -81.6% | 1.16% | −5.95 |
| ARCO Arcos Dorados Holdings Inc. Class A | Sold out | 0.00% | −5.31 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −5.22 |
| PAGS Pagseguro Digital Ltd. Class A | Reduce -87.5% | 0.63% | −4.89 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -91.3% | 0.54% | −3.82 |
| EVRI Everi Holdings Inc. | Reduce -58.8% | 2.89% | −2.56 |
| XLF SS Financial Select Sector | Reduce -95.0% | 0.15% | −2.15 |
| AMZN Amazon.com Inc. | Reduce -86.6% | 0.44% | −1.77 |
| BLK BlackRock Finance Inc. | Sold out | 0.00% | −1.55 |
| XP XP Inc. Class A | Sold out | 0.00% | −1.30 |
| XBI SS SPDR S&P Biotech ETF | Sold out | 0.00% | −1.01 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.99 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.53 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.34 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.27 |
| PRFT Perficient Inc. | Sold out | 0.00% | −0.20 |
| EWZ iShares MSCI Brazil ETF | Sold out | 0.00% | −0.20 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.10 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Sold out | 0.00% | −0.10 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.09 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.08 |
| VINP Vinci Compass Investments LT | Sold out | 0.00% | −0.06 |
| MELI MercadoLibre Inc. | Reduce -24.0% | 0.11% | −0.03 |
| VTEX Vtex Class A | Reduce -2.9% | 0.72% | −0.03 |
| CG The Carlyle Group Inc. | Reduce -16.6% | 0.95% | +0.17 |
Portfolio Buys Q3 2024 → Q4 2024
| GOOG Alphabet Inc. Class C | New | 18.48% | +18.48 |
| JNPR Juniper Networks Inc. | Add +211.0% | 11.71% | +8.58 |
| FYBR Frontier Communications Pare | New | 8.56% | +8.56 |
| HCP Hashicorp Inc. Class A | Add +26.3% | 21.49% | +8.03 |
| K Kellanova | New | 4.99% | +4.99 |
| SILV Silvercrest Metals Inc. | New | 4.59% | +4.59 |
| ALTM Arcadium Lithium PLC | New | 3.95% | +3.95 |
| ALE Allete Inc. | Add +76.3% | 7.00% | +3.86 |
| ESGR Enstar Group Ltd. | New | 3.49% | +3.49 |
| YPF YPF S.A.-Sponsored ADR | New | 1.20% | +1.20 |
| BMA Banco Macro SA-ADR | New | 0.96% | +0.96 |
| EDN Emp Distrib Y Comerc Nor-ADR | New | 0.94% | +0.94 |
| X United States Steel Corp. | New | 0.69% | +0.69 |
| EMB iShares JP Morgan Usd Emergi | New | 0.66% | +0.66 |
| GGAL Grupo Financiero Galicia-ADR | New | 0.64% | +0.64 |
| SPSM SS SPDR P S&P 600 Small Cap | New | 0.48% | +0.48 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.31% | +0.31 |
| ARGT Global X MSCI Argentina ETF | New | 0.29% | +0.29 |
| LAZ Lazard Inc. | New | 0.27% | +0.27 |
| APO Apollo Global Management Inc. | New | 0.25% | +0.25 |
| IWM iShares Russell 2000 ETF | New | 0.24% | +0.24 |
| HOOD Robinhood Markets Inc. Class A | New | 0.19% | +0.19 |
| XYZ Block Inc. | New | 0.18% | +0.18 |
| KRE SS SPDR S&P Regional Bank | New | 0.15% | +0.15 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.13% | +0.13 |
| BWXT BWX Technologies Inc. | New | 0.12% | +0.12 |
| LLY Eli Lilly & Co. | New | 0.11% | +0.11 |
| PAM Pampa Energia SA-Spon ADR | New | 0.10% | +0.10 |
| JPM JPMorgan Chase & Co. | Add +9.1% | 0.14% | +0.05 |
| BABA Alibaba Group Holding-SP ADR | Add +4.1% | 0.11% | +0.00 |
Options Activity Q3 2024 → Q4 2024
| ISHARES TR | call | Sold out | 57,920 | $2.5Mbefore exit |
| KRANESHARES TRUST | call | Sold out | 8,500 | $472Kbefore exit |
| SPDR SERIES TRUST | call | Sold out | 12,030 | $469Kbefore exit |
| AZUL S A | put | Reduce -7.3% | 4,267 | $385K |
| ISHARES INC | call | Sold out | 26,500 | $361Kbefore exit |
| ISHARES TR | call | Sold out | 6,200 | $353Kbefore exit |
| SELECT SECTOR SPDR TR | call | Sold out | 5,850 | $331Kbefore exit |
| ALPHABET INC | call | New | 725 | $320K |
| ARK ETF TR | call | New | 19,350 | $271K |
| SELECT SECTOR SPDR TR | call | Reduce -38.7% | 20,000 | $120K |
| ISHARES TR | call | Reduce -79.0% | 22,000 | $55K |
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 |