Absolute Gestao de Investimentos Ltda.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Absolute Gestao de Investimentos Ltda. reported 70 stock positions worth $875.3 million. Its top holding was iShares MSCI Emerging Market (EEM) at 13.4% of the portfolio, followed by iShares MSCI Eafe ETF (EFA, 11.5%) and Hologic (HOLX, 10.4%). Compared with Q4 2025, it opened 52 new positions, sold out of 23, added to 12 and reduced 5. The biggest buy was iShares MSCI Emerging Market (EEM, shares +380%) and the biggest sale an exit from Chart Industries (GTLS).
- Most Recent 13F
- Q2 2026
- Location
- SAO PAULO, D5
- CIK
- 0001622610
- Portfolio Value
- $875.3M (Q1 2026)
- SEC Filing
- 0001622610-26-000003 ↗ filed May 15, 2026
Holdings Value
Holdings 70 stocks · $875.3M
| EEM iShares MSCI Emerging Market | 13.39% | 2,064,273 | $117.2M | Add +380.0% |
| EFA iShares MSCI Eafe ETF | 11.54% | 1,040,000 | $101.0M | Add +50.3% |
| HOLX Hologic Inc. | 10.42% | 1,206,999 | $91.2M | Add +91.4% |
| EA Electronic Arts Inc. | 7.85% | 336,934 | $68.7M | Reduce -49.5% |
| PBR.A Petroleo Brasil-SP Pref ADR | 6.70% | 3,127,700 | $58.6M | New |
| AAUC Allied Gold Corp. | 5.87% | 1,659,991 | $51.4M | New |
| EWZ iShares MSCI Brazil ETF | 4.12% | 939,581 | $36.1M | Add +701.8% |
| EWC iShares MSCI Canada ETF | 3.44% | 550,000 | $30.1M | New |
| EWA iShares MSCI Australia ETF | 3.12% | 985,000 | $27.3M | New |
| PAM Pampa Energia SA-Spon ADR | 2.91% | 287,383 | $25.4M | Add +198.1% |
| EMLC Vaneck JPM Em Local Curr BND | 2.55% | 888,281 | $22.3M | New |
| WBS Webster Financial Corp. | 2.38% | 300,000 | $20.8M | New |
| APLS Apellis Pharmaceuticals Inc. | 2.07% | 450,000 | $18.1M | New |
| MELI MercadoLibre Inc. | 1.92% | 9,716 | $16.8M | New |
| CWAN Clearwater Analytics HDS-A | 1.89% | 699,571 | $16.5M | New |
| KVUE Kenvue Inc. | 1.82% | 923,260 | $15.9M | New |
| UNF Unifirst Corp. | 1.67% | 57,950 | $14.6M | New |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 1.58% | 961,608 | $13.8M | Add +802.1% |
| TERN Terns Pharmaceuticals Inc. | 1.39% | 230,000 | $12.1M | New |
| PAGS Pagseguro Digital Ltd. Class A | 1.35% | 1,175,125 | $11.8M | Add +224.2% |
| DLO Dlocal Ltd. | 1.33% | 896,173 | $11.6M | New |
| XP XP Inc. Class A | 1.27% | 584,578 | $11.1M | Reduce -74.2% |
| GGAL Grupo Financiero Galicia-ADR | 0.90% | 168,677 | $7.9M | New |
| BMA Banco Macro SA-ADR | 0.89% | 101,013 | $7.8M | New |
| AMZN Amazon.com Inc. | 0.88% | 36,900 | $7.7M | Add +96.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.82% | 21,190 | $7.2M | Add +135.4% |
| OS Onestream Inc. | 0.67% | 245,160 | $5.9M | New |
| EWY iShares MSCI South Korea ETF | 0.61% | 43,500 | $5.4M | New |
| CEPU Central Puerto-Sponsored ADR | 0.55% | 286,056 | $4.8M | New |
| JHG Janus Henderson Group PLC | 0.54% | 92,718 | $4.8M | New |
| KKR KKR & Co. Inc. | 0.49% | 46,269 | $4.3M | New |
| GOOGL Alphabet Inc. Class A | 0.33% | 10,000 | $2.9M | Add +42.9% |
| MU Micron Technology Inc. | 0.33% | 8,500 | $2.9M | New |
| JPM JPMorgan Chase & Co. | 0.30% | 9,000 | $2.6M | New |
| META Meta Platforms Inc. Class A | 0.23% | 3,500 | $2.0M | New |
| UDMY Udemy Inc. | 0.19% | 357,200 | $1.7M | New |
| LOMA Loma Negra Cia Ind-Spon ADR | 0.19% | 147,436 | $1.6M | Add +72.6% |
| STNE Stoneco Ltd. Class A | 0.14% | 88,534 | $1.3M | Reduce -74.5% |
| FSK FS KKR Capital Corp. | 0.13% | 115,000 | $1.2M | New |
| ALK Alaska Air Group Inc. | 0.12% | 28,453 | $1.0M | Reduce -34.5% |
| TEO Telecom Argentina SA-SP ADR | 0.12% | 86,831 | $1.0M | New |
| SNDK Sandisk Corp. | 0.06% | 796 | $506K | New |
| ABEV Ambev SA-ADR | 0.05% | 141,469 | $413K | No change |
| IRS Irsa -SP ADR filed as IRSA INVERSIONES Y REP S A | 0.05% | 25,000 | $405K | New |
| TSLA Tesla Inc. | 0.04% | 1,024 | $381K | New |
| AGBK Agi Inc. Class A | 0.04% | 52,257 | $380K | New |
| COHR Coherent Corp. | 0.04% | 1,489 | $355K | Add +34.1% |
| HYMC Hycroft Mining Holding Co. Class A | 0.04% | 9,730 | $342K | New |
| SSRM SSR Mining Inc. | 0.04% | 11,551 | $340K | New |
| AG First Majestic Silver Corp. | 0.04% | 15,663 | $336K | New |
| SVM Silvercorp Metals Inc. | 0.04% | 31,000 | $333K | New |
| CIEN Ciena Corp. | 0.04% | 820 | $318K | New |
| GLW Corning Inc. | 0.04% | 2,307 | $314K | New |
| LITE Lumentum Holdings Inc. | 0.04% | 446 | $313K | Reduce -51.8% |
| EQX Equinox Gold Corp. | 0.04% | 21,550 | $312K | New |
| AUGO Aura Minerals Inc. | 0.04% | 3,750 | $306K | New |
| SCZM Santacruz Silver Mining Ltd. | 0.03% | 35,400 | $303K | New |
| IAG Iamgold Corp. | 0.03% | 16,071 | $302K | New |
| CDE Coeur Mining Inc. | 0.03% | 15,300 | $287K | New |
| SBSW Sibanye-Stillwater Ltd.-ADR | 0.03% | 23,000 | $283K | New |
| EXK Endeavour Silver Corp. | 0.03% | 29,700 | $277K | New |
| ARM Arm Holdings PLC-ADR | 0.03% | 1,650 | $250K | New |
| STX Seagate Technology Holdings | 0.03% | 620 | $243K | New |
| TSEM Tower Semiconductor Ltd. | 0.03% | 1,285 | $225K | New |
| UCTT Ultra Clean Holdings Inc. | 0.02% | 3,450 | $215K | New |
| GEV GE Vernova Inc. | 0.02% | 245 | $214K | New |
| NVDA Nvidia Corp. | 0.02% | 1,195 | $208K | New |
| VRT Vertiv Holdings Co. Class A | 0.02% | 830 | $208K | New |
| MKSI MKS Inc. | 0.02% | 890 | $205K | New |
| AXTI Axt Inc. | 0.02% | 3,545 | $202K | New |
Options reported separately and not counted above: ISHARES INC calls ($720K), SPDR GOLD TR calls ($434K), ISHARES TR calls ($336K), SELECT SECTOR SPDR TR calls ($298K).
Portfolio Sells Q4 2025 → Q1 2026
| GTLS Chart Industries Inc. | Sold out | 0.00% | −19.49 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −16.13 |
| DAY Dayforce Inc. | Sold out | 0.00% | −9.43 |
| EXAS Exact Sciences Corp. | Sold out | 0.00% | −6.94 |
| EA Electronic Arts Inc. | Reduce -49.5% | 7.85% | −6.44 |
| XLF SS Financial Select Sector | Sold out | 0.00% | −5.46 |
| AL Sumisho Air Lease Corp. | Sold out | 0.00% | −3.01 |
| XP XP Inc. Class A | Reduce -74.2% | 1.27% | −2.61 |
| CSGS CSG Systems Intl Inc. | Sold out | 0.00% | −1.08 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −0.54 |
| STNE Stoneco Ltd. Class A | Reduce -74.5% | 0.14% | −0.40 |
| SIG Signet Jewelers Ltd. | Sold out | 0.00% | −0.29 |
| VTEX Vtex Class A | Sold out | 0.00% | −0.23 |
| JBS JBS NV-A | Sold out | 0.00% | −0.23 |
| STAA Staar Surgical Co. | Sold out | 0.00% | −0.22 |
| ARCO Arcos Dorados Holdings Inc. Class A | Sold out | 0.00% | −0.12 |
| ALK Alaska Air Group Inc. | Reduce -34.5% | 0.12% | −0.11 |
| TEVA Teva Pharmaceutical-SP ADR | Sold out | 0.00% | −0.10 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −0.10 |
| PBR Petroleo Brasileiro-Spon ADR | Sold out | 0.00% | −0.09 |
| OLN Olin Corp. | Sold out | 0.00% | −0.07 |
| IREN Iren Ltd. | Sold out | 0.00% | −0.03 |
| BE Bloom Energy Corp. Class A | Sold out | 0.00% | −0.03 |
| CLS Celestica Inc. | Sold out | 0.00% | −0.03 |
| CIFR Cipher Digital Inc. | Sold out | 0.00% | −0.03 |
| WULF Terawulf Inc. | Sold out | 0.00% | −0.03 |
| CLSK Cleanspark Inc. | Sold out | 0.00% | −0.02 |
| LITE Lumentum Holdings Inc. | Reduce -51.8% | 0.04% | 0.00 |
Portfolio Buys Q4 2025 → Q1 2026
| EEM iShares MSCI Emerging Market | Add +380.0% | 13.39% | +10.93 |
| PBR.A Petroleo Brasil-SP Pref ADR | New | 6.70% | +6.70 |
| AAUC Allied Gold Corp. | New | 5.87% | +5.87 |
| HOLX Hologic Inc. | Add +91.4% | 10.42% | +5.50 |
| EFA iShares MSCI Eafe ETF | Add +50.3% | 11.54% | +4.57 |
| EWZ iShares MSCI Brazil ETF | Add +701.8% | 4.12% | +3.73 |
| EWC iShares MSCI Canada ETF | New | 3.44% | +3.44 |
| EWA iShares MSCI Australia ETF | New | 3.12% | +3.12 |
| EMLC Vaneck JPM Em Local Curr BND | New | 2.55% | +2.55 |
| WBS Webster Financial Corp. | New | 2.38% | +2.38 |
| APLS Apellis Pharmaceuticals Inc. | New | 2.07% | +2.07 |
| PAM Pampa Energia SA-Spon ADR | Add +198.1% | 2.91% | +2.01 |
| MELI MercadoLibre Inc. | New | 1.92% | +1.92 |
| CWAN Clearwater Analytics HDS-A | New | 1.89% | +1.89 |
| KVUE Kenvue Inc. | New | 1.82% | +1.82 |
| UNF Unifirst Corp. | New | 1.67% | +1.67 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +802.1% | 1.58% | +1.39 |
| TERN Terns Pharmaceuticals Inc. | New | 1.39% | +1.39 |
| DLO Dlocal Ltd. | New | 1.33% | +1.33 |
| PAGS Pagseguro Digital Ltd. Class A | Add +224.2% | 1.35% | +0.98 |
| GGAL Grupo Financiero Galicia-ADR | New | 0.90% | +0.90 |
| BMA Banco Macro SA-ADR | New | 0.89% | +0.89 |
| OS Onestream Inc. | New | 0.67% | +0.67 |
| EWY iShares MSCI South Korea ETF | New | 0.61% | +0.61 |
| CEPU Central Puerto-Sponsored ADR | New | 0.55% | +0.55 |
| JHG Janus Henderson Group PLC | New | 0.54% | +0.54 |
| TSM Taiwan Semiconductor-SP ADR | Add +135.4% | 0.82% | +0.53 |
| KKR KKR & Co. Inc. | New | 0.49% | +0.49 |
| AMZN Amazon.com Inc. | Add +96.0% | 0.88% | +0.42 |
| MU Micron Technology Inc. | New | 0.33% | +0.33 |
| JPM JPMorgan Chase & Co. | New | 0.30% | +0.30 |
| META Meta Platforms Inc. Class A | New | 0.23% | +0.23 |
| UDMY Udemy Inc. | New | 0.19% | +0.19 |
| FSK FS KKR Capital Corp. | New | 0.13% | +0.13 |
| TEO Telecom Argentina SA-SP ADR | New | 0.12% | +0.12 |
| GOOGL Alphabet Inc. Class A | Add +42.9% | 0.33% | +0.10 |
| LOMA Loma Negra Cia Ind-Spon ADR | Add +72.6% | 0.19% | +0.07 |
| SNDK Sandisk Corp. | New | 0.06% | +0.06 |
| IRS Irsa -SP ADR | New | 0.05% | +0.05 |
| TSLA Tesla Inc. | New | 0.04% | +0.04 |
| AGBK Agi Inc. Class A | New | 0.04% | +0.04 |
| HYMC Hycroft Mining Holding Co. Class A | New | 0.04% | +0.04 |
| SSRM SSR Mining Inc. | New | 0.04% | +0.04 |
| AG First Majestic Silver Corp. | New | 0.04% | +0.04 |
| SVM Silvercorp Metals Inc. | New | 0.04% | +0.04 |
| CIEN Ciena Corp. | New | 0.04% | +0.04 |
| GLW Corning Inc. | New | 0.04% | +0.04 |
| EQX Equinox Gold Corp. | New | 0.04% | +0.04 |
| AUGO Aura Minerals Inc. | New | 0.04% | +0.04 |
| SCZM Santacruz Silver Mining Ltd. | New | 0.03% | +0.03 |
Options Activity Q4 2025 → Q1 2026
| ISHARES TR | call | Sold out | 53,406 | $1.6Mbefore exit |
| ISHARES INC | call | Reduce -60.9% | 7,750 | $720K |
| ISHARES TR | call | Sold out | 45,734 | $683Kbefore exit |
| SELECT SECTOR SPDR TR | call | Sold out | 44,250 | $615Kbefore exit |
| SPDR GOLD TR | call | New | 980 | $434K |
| ISHARES TR | call | New | 9,500 | $336K |
| SELECT SECTOR SPDR TR | call | New | 2,385 | $298K |
| SELECT SECTOR SPDR TR | call | Sold out | 27,353 | $43Kbefore exit |
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 |