BTG Pactual Asset Management US LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), BTG Pactual Asset Management US LLC reported 205 stock positions worth $741.4 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 17.6% of the portfolio, followed by iShares Russell 1000 Growth (IWF, 9.8%) and Vngrd Mrgstr MG CP GR ETF-Ui (MGK, 4.4%). Compared with Q1 2025, it opened 62 new positions, sold out of 69, added to 59 and reduced 42. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +4%) and the biggest sale Alphabet Class C (GOOG, shares −76%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001569579
Portfolio Value
$741.4M (Q2 2025)
SEC Filing
0001085146-25-005197 ↗ filed Aug 14, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q2 2024: $399.1M Q2 2024 Q3 2024: $688.9M Q3 2024 Q4 2024: $773.0M Q4 2024 Q1 2025: $770.6M Q1 2025 Q2 2025: $741.4M $741.4M Q2 2025 Q3 2025: $841.7M Q3 2025 Q4 2025: $893.2M Q4 2025 Q1 2026: $1.0B Q1 2026 Q2 2026: $1.3B Q2 2026

Holdings 205 stocks · $741.4M
SPY SS SPDR S&P 500 ETF Trust-US 17.64% 211,732 $130.8M Add +3.7%
IWF iShares Russell 1000 Growth 9.78% 170,849 $72.5M Reduce -4.0%
MGK Vngrd Mrgstr MG CP GR ETF-Ui 4.39% 88,811 $32.5M Add +31.9%
MGV Vngrd Mrgstr MG CP VL ETF-Ui 3.50% 197,592 $25.9M Add +5.2%
VGK Vanguard Ftse Europe ETF 3.04% 290,662 $22.5M Add +0.1%
BRK.B Berkshire Hathaway Inc. Class B 3.02% 46,106 $22.4M Reduce -7.5%
SNDK Sandisk Corp. 2.45% 400,000 $18.1M New
NVDA Nvidia Corp. 2.42% 113,573 $17.9M Reduce -4.6%
JPM JPMorgan Chase & Co. 2.26% 57,808 $16.8M Add +16.1%
MSFT Microsoft Corp. 1.92% 28,554 $14.2M Add +0.4%
AMZN Amazon.com Inc. 1.84% 62,121 $13.6M Reduce -2.2%
GLD SPDR Gold Shares 1.57% 38,294 $11.7M Add +21.1%
XLF SS Financial Select Sector 1.52% 215,637 $11.3M Reduce -3.9%
VO Vngrd Mrngstr MD-Cap ETF-Usd 1.48% 39,133 $11.0M Add +6.0%
GOOG Alphabet Inc. Class C 1.48% 61,674 $10.9M Reduce -76.3%
VST Vistra Corp. 1.44% 54,916 $10.6M Add +1.0%
VWO Vanguard Ftse Emerging Marke 1.41% 211,997 $10.5M Add +3.5%
XLV SS Health Care Select Sector 1.40% 76,939 $10.4M Reduce -1.1%
PPL PPL Corp. 1.34% 294,111 $10.0M Add +78.1%
META Meta Platforms Inc. Class A 1.29% 12,998 $9.6M Reduce -8.4%
DUK Duke Energy Corp. 1.23% 77,542 $9.1M Add +53.6%
CEG Constellation Energy 1.22% 28,073 $9.1M Add +44.0%
NOW ServiceNow Inc. 1.22% 8,792 $9.0M Add +15.2%
EWJ iShares MSCI Japan ETF 1.16% 114,262 $8.6M Add +0.6%
LNT Alliant Energy Corp. 1.06% 129,848 $7.9M New
FE Firstenergy Corp. 1.04% 190,743 $7.7M Add +7.5%
AEE Ameren Corporation 0.98% 75,661 $7.3M Add +47.1%
VB Vanguard Most SM-Cap ETF-Usd 0.93% 29,113 $6.9M Reduce -2.1%
AEP American Electric Power 0.86% 61,235 $6.4M New
VGT Vanguard Info Tech ETF 0.83% 9,324 $6.2M Add +35.6%
GEV GE Vernova Inc. 0.79% 11,063 $5.9M Add +268.6%
VFH Vanguard Financials ETF 0.76% 44,046 $5.6M Add +1.1%
MLPX Global X MLP & Energy Infras 0.73% 86,425 $5.4M Add +64.0%
K Kellanova 0.71% 65,986 $5.2M Reduce -8.1%
XEL Xcel Energy Inc. 0.67% 73,368 $5.0M Reduce -27.7%
VHT Vanguard Health Care ETF 0.67% 20,048 $5.0M Add +5.8%
JBS JBS NV-A 0.67% 340,317 $5.0M New
HES Hess Corp. 0.66% 35,483 $4.9M Reduce -8.0%
CRWD CrowdStrike Holdings Inc. Class A 0.62% 9,277 $4.6M Reduce -8.1%
EXC Exelon Corp. 0.61% 104,733 $4.5M Add +214.9%
SLV iShares Silver Trust 0.57% 128,217 $4.2M New
STIP iShares 0-5 Year Tips Bond E 0.55% 39,174 $4.1M Add +19.3%
EPP iShares MSCI Pacific Ex Japa 0.53% 79,459 $3.9M Reduce -0.2%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.50% 33,833 $3.7M Add +5.2%
WTRG Essential Utilities Inc. 0.50% 99,486 $3.7M New
PEG Public Service Enterprise GP 0.49% 43,278 $3.6M New
VNQ Vanguard Real Estate ETF 0.49% 40,851 $3.6M Add +2.3%
IWM iShares Russell 2000 ETF 0.46% 15,853 $3.4M New
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.43% 7,948 $3.2M Reduce -8.6%
VTEB Vanguard Tax-Exempt Bond ETF 0.39% 59,120 $2.9M Add +9.9%
EVRG Evergy Inc. 0.36% 39,144 $2.7M New
URI United Rentals Inc. 0.34% 3,354 $2.5M No change
AMLP Alerian MLP ETF 0.34% 51,681 $2.5M Add +282.9%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.32% 7,424 $2.4M New
TIGO Millicom Intl Cellular S.A. 0.32% 63,416 $2.4M Add +1.0%
LNG Cheniere Energy Inc. 0.30% 9,261 $2.3M New
SYK Stryker Corp. 0.30% 6,056 $2.3M No change
KMI Kinder Morgan Inc. 0.30% 76,543 $2.3M New
LLY Eli Lilly & Co. 0.30% 2,875 $2.2M Add +7.2%
MUNI PIMCO Intermediate Municipal 0.30% 43,332 $2.2M No change
RY Royal Bank of Canada 0.30% 16,800 $2.2M New
HCA HCA Healthcare Inc. 0.27% 5,800 $2.0M Add +5.0%
IBB iShares Biotechnology ETF 0.27% 15,626 $2.0M Add +2.9%
EMLP First Trust North American E 0.26% 52,230 $2.0M Reduce -49.1%
FYBR Frontier Communications Pare 0.26% 52,632 $1.9M Add +5.3%
V Visa Inc. Class A 0.26% 5,387 $1.9M Add +191.0%
ABBV Abbvie Inc. 0.26% 10,223 $1.9M Add +3.9%
TSM Taiwan Semiconductor-SP ADR 0.25% 8,158 $1.8M Reduce -7.6%
SPGI S&P Global Inc. 0.25% 3,476 $1.8M New
CNP Centerpoint Energy Inc. 0.24% 49,387 $1.8M Reduce -70.3%
NI Nisource Inc. 0.24% 44,974 $1.8M New
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.24% 132,158 $1.8M Reduce -65.7%
VTI VG Morningstar TS MKT ETF-US 0.22% 5,279 $1.6M Add +0.4%
DHR Danaher Corp. 0.20% 7,605 $1.5M Add +4.5%
UNH Unitedhealth Group Inc. 0.20% 4,640 $1.4M Add +3.8%
MRK Merck & Co. Inc. 0.19% 17,879 $1.4M Add +12.0%
XLI SS Industrial Select Sector 0.18% 9,230 $1.4M Add +1554.1%
PCG P G & E Corp. 0.18% 97,106 $1.4M Reduce -78.0%
WMB Williams Cos Inc. 0.18% 21,461 $1.3M New
JNPR Juniper Networks Inc. 0.17% 32,422 $1.3M Add +5.3%
USHY iShares Broad Usd High Yield 0.17% 34,185 $1.3M Reduce -2.5%
VIG Vanguard Dividend Apprec ETF 0.17% 5,985 $1.2M No change
SPR Spirit Aerosystems Hold Class A 0.16% 31,579 $1.2M Add +5.3%
FLUT Flutter Entertainment PLC-Di 0.16% 4,174 $1.2M No change
COPX Global X Copper Miners ETF 0.14% 23,188 $1.0M New
FL Foot Locker Inc. 0.14% 41,200 $1.0M New
AVGO Broadcom Inc. 0.13% 3,488 $961K Reduce -88.0%
JMUB JPMorgan Municipal ETF 0.13% 19,193 $953K New
TAC Transalta Corp. 0.12% 83,781 $904K New
AROC Archrock Inc. 0.12% 35,856 $890K New
ANSS Ansys Inc. 0.11% 2,395 $841K Add +49.3%
MELI MercadoLibre Inc. 0.10% 274 $716K Reduce -86.8%
BPMC Blueprint Medicines Corp. 0.09% 5,000 $641K New
IVV iShares Core S&P 500 ETF 0.09% 1,022 $635K Add +25.6%
SKX Skechers USA Inc. Class A 0.09% 10,000 $631K New
XBI SS SPDR S&P Biotech ETF 0.08% 7,518 $623K Reduce -1.3%
KNTK Kinetik Holdings Inc. 0.08% 13,567 $598K New
VTV Vanguard Mrngstr Val ETF-Aui 0.08% 3,184 $563K Add +0.1%
MA Mastercard Inc. Class A 0.07% 968 $544K Reduce -73.6%
IEMG iShares Core MSCI Emerging 0.07% 8,993 $540K Add +1.5%
MUE BlackRock Munihold QLT FD II 0.07% 56,257 $539K No change
BLW BlackRock Ltd. Durat Inc. TR 0.07% 37,630 $534K No change
PREF Pri Spe Pre Sec Acti-Usd Inc. 0.07% 28,025 $532K Add +8.7%
UBER Uber Technologies Inc. 0.07% 5,647 $527K Add +50.1%
STNG Scorpio Tankers Inc. 0.07% 13,224 $517K New
APP AppLovin Corp. Class A 0.06% 1,280 $448K New
GGAL Grupo Financiero Galicia-ADR 0.06% 8,577 $432K Reduce -26.3%
XLP SS Consumer Staples Sel Sect 0.06% 5,263 $426K New
BYM BlackRock Muni Inc. QLTY 0.06% 38,860 $410K No change
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.05% 4,914 $396K Add +0.2%
HD Home Depot Inc. 0.05% 1,058 $388K No change
NXDT Nexpoint Diversified Real Es 0.05% 83,814 $351K Add +3.5%
IGSB iShares 1-5Y Inv Grade Corp. 0.05% 6,407 $338K No change
GE General Electric filed as GE AEROSPACE 0.05% 1,306 $336K Reduce -33.2%
IGIB iShares 5-10Y Inv Grade Corp. 0.04% 5,942 $317K No change
BKNG Booking Holdings Inc. 0.04% 54 $313K New
SPOT Spotify Technology SA 0.04% 407 $312K New
ILF iShares Latin America 40 ETF 0.04% 11,893 $312K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.04% 2,465 $304K Reduce -23.6%
CHX Championx Corp. 0.04% 12,250 $304K New
TLN Talen Energy Corp. 0.04% 1,022 $297K New
AAPL Apple Inc. 0.04% 1,349 $277K Reduce -83.8%
CYBR Cyberark Software Ltd./Israel 0.04% 666 $271K Reduce -63.8%
DVY iShares Select Dividend ETF 0.04% 2,040 $271K No change
VXUS Vanguard Total Intl Stock 0.04% 3,849 $266K Add +1.2%
VOX Vanguard Communication Servi 0.04% 1,550 $265K Reduce -93.9%
GOOGL Alphabet Inc. Class A 0.04% 1,503 $265K Reduce -59.5%
OXY Occidental Petroleum Corp. 0.03% 6,130 $258K Add +39.9%
EQIX Equinix Inc. 0.03% 328 $258K Reduce -5.2%
HYEM Vaneck Emrg MKTS Hi YLD 0.03% 12,821 $254K No change
BGB Blackstone Strategic Credit 0.03% 20,879 $253K No change
BOND PIMCO Active Bond Exchange-T 0.03% 2,729 $252K Reduce -3.9%
CRM Salesforce Inc. 0.03% 912 $249K Reduce -46.5%
HDV iShares Core High Dividend E 0.03% 2,122 $249K Reduce -36.4%
VT Vanguard Tot World STK ETF 0.03% 1,834 $236K No change
ABEV Ambev SA-ADR 0.03% 97,668 $235K New
SPHD Invesco S&P 500 High Dividen 0.03% 4,877 $232K No change
KWEB Kranesh Csi China Internet 0.03% 6,653 $228K New
URTH iShares MSCI World ETF 0.03% 1,470 $225K No change
MDY State Street SPDR S&P Midcap 0.03% 410 $219K No change
SMH Vaneck Semiconductor ETF 0.03% 726 $202K New
CCU Cia Cervecerias Uni-Spon ADR filed as COMPANIA CERVECERIAS UNIDAS 0.03% 14,656 $189K New
MQY BlackRock Muniyield Quality 0.03% 16,937 $188K No change
USMV iShares MSCI USA Min Vol Fac 0.02% 1,760 $165K No change
EWY iShares MSCI South Korea ETF 0.02% 2,291 $164K Reduce -27.7%
VCR Vanguard Consumer Discre ETF 0.02% 440 $159K No change
JNK SS SPDR BB High Yield Bond 0.02% 1,636 $159K New
MCD McDonald's Corp. 0.02% 520 $152K New
IYH iShares U.S. Healthcare ETF 0.02% 2,475 $140K New
APLE Apple Hospitality REIT Inc. 0.02% 11,520 $134K New
IYF iShares US Financials ETF 0.02% 1,108 $134K New
EWC iShares MSCI Canada ETF 0.02% 2,664 $123K New
BKLN Invesco Senior Loan ETF 0.02% 5,870 $123K No change
IWB iShares Russell 1000 ETF 0.02% 353 $120K Add +6.3%
VOO Vanguard S&P 500 ETF 0.02% 211 $120K No change
VDE Vanguard Energy ETF 0.02% 989 $118K Add +3.0%
GS Goldman Sachs Group Inc. 0.02% 163 $115K Reduce -71.8%
WEN The Wendy's Co. 0.02% 10,056 $115K New
XLK SS Technology Select Sector 0.01% 439 $111K Add +114.2%
GNL Global Net Lease Inc. 0.01% 14,514 $110K New
XHB SS SPDR S&P Homebldrs ETF 0.01% 1,072 $106K New
AVAL Grupo Aval Acciones Y Valore 0.01% 35,147 $99K New
TELFY Telefonica SA-Spon ADR 0.01% 17,404 $91K Add +6.6%
C Citigroup Inc. 0.01% 1,060 $90K Reduce -73.2%
QUAL iShares MSCI USA Quality Fac 0.01% 492 $90K Add +24.9%
VTRS Viatris Inc. 0.01% 10,029 $90K Reduce -33.9%
PFF iShares Preferred & Income S 0.01% 2,692 $83K No change
KBWB Invesco KBW Bank ETF 0.01% 1,150 $82K New
MIN Aberdeen Intermediate Inc. FD 0.01% 28,615 $78K No change
IEV iShares Europe ETF 0.01% 1,091 $69K Reduce -7.4%
PLTK Playtika Holding Corp. 0.01% 13,607 $64K New
ACP Abrdn Income Credit Strat 0.01% 10,360 $61K No change
XRX Xerox Holdings Corp. 0.01% 10,453 $55K Add +2.5%
EWT iShares MSCI Taiwan ETF 0.01% 720 $41K New
VPL Vanguard Ftse Pacific ETF 0.01% 478 $39K Add +0.2%
AAXJ iShares MSCI All Country Asi 0.00% 442 $37K No change
ENFR Alerian Energy Infrastructur 0.00% 1,009 $33K No change
JEPI JPMorgan Equity Premium Inco 0.00% 540 $31K New
COST Costco Wholesale Corp. 0.00% 30 $30K New
IHAK iShares Cybersecurity & Tech 0.00% 500 $27K No change
FLOT iShares Floating Rate Bond E 0.00% 393 $20K No change
IXC iShares Global Energy ETF 0.00% 489 $19K No change
JPXN iShares JPX-Nikkei 400 ETF 0.00% 236 $19K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.00% 93 $18K New
XLB SS Materials Select Sector 0.00% 205 $18K No change
XLRE SS Real Estate Select Sector 0.00% 353 $15K No change
EZU iShares MSCI Eurozone ETF 0.00% 213 $13K No change
IJR iShares Core S&P Small-Cap E 0.00% 108 $12K New
VXF Vanguard Extended Market ETF 0.00% 54 $10K No change
EFA iShares MSCI Eafe ETF 0.00% 110 $10K New
BBAX JPMorgan Betabuilders Develo 0.00% 178 $10K New
EWL iShares MSCI Switzerland ETF 0.00% 176 $10K No change
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.00% 172 $9K New
KBE SS SPDR S&P Bank ETF 0.00% 128 $7K No change
GDX Vaneck Gold Miners ETF 0.00% 126 $7K Reduce -96.5%
IJH iShares Core S&P Midcap ETF 0.00% 105 $7K New
MTUM iShares MSCI USA Momentum Fa 0.00% 24 $6K New
IHE iShares US Pharmaceuticals E 0.00% 87 $6K No change
IJJ iShares S&P Mid-Cap 400 Valu 0.00% 40 $5K New
IWR iShares Russell Mid-Cap ETF 0.00% 49 $5K New
MCHI iShares MSCI China ETF 0.00% 58 $3K No change
VOE Vngrd Mrngstr MD-Cap Val ETF 0.00% 15 $2K New
IWP iShares Russell Mid-Cap Grow 0.00% 11 $2K New
EFAV iShares MSCI Eafe Min Vol Fa 0.00% 12 $1K New
TAN Invesco Solar ETF 0.00% 19 $651 No change

Options reported separately and not counted above: SPY puts ($25.9M), KWEB calls ($10.4M), MSFT calls ($9.9M), MSFT puts ($9.9M), C puts ($7.5M), C calls ($7.5M), EEM puts ($6.1M), DIS puts ($6.0M), DIS calls ($6.0M), BAC calls ($5.8M), BAC puts ($5.8M), KRE calls ($5.6M), and 30 more.

Other holdings (1): bonds, preferreds, convertibles and warrants · $1.9M (not counted above)
SecurityClassShares / PrincipalValueChange
NIO INC (NIO 4.625 10/15/30) NOTE 4.625%10/1 · principal 3,000,000$1.9MNew

Total filed on the 13F, all lines: $743.4M.

Portfolio Sells Q1 2025 → Q2 2025
GOOG Alphabet Inc. Class C Reduce -76.3% 1.48% −3.80
CPRI Capri Holdings Ltd. Sold out 0.00% −2.82
CORZ Core Scientific Inc. Sold out 0.00% −2.35
PBR Petroleo Brasileiro-Spon ADR Sold out 0.00% −1.05
NBIS Nebius Group NV Sold out 0.00% −0.96
ITUB Itau Unibanco H-Spon PRF ADR Sold out 0.00% −0.93
PCG P G & E Corp. Reduce -78.0% 0.18% −0.80
SRE Sempra Sold out 0.00% −0.72
VALE Vale SA-SP ADR Sold out 0.00% −0.62
D Dominion Energy Inc. Sold out 0.00% −0.60
CNP Centerpoint Energy Inc. Reduce -70.3% 0.24% −0.54
AVGO Broadcom Inc. Reduce -88.0% 0.13% −0.50
BAC Bank of America Corp. Sold out 0.00% −0.50
ENIC Enel Chile SA-ADR Sold out 0.00% −0.46
XLE SS Energy Select Sector Sold out 0.00% −0.46
VOX Vanguard Communication Servi Reduce -93.9% 0.04% −0.46
MELI MercadoLibre Inc. Reduce -86.8% 0.10% −0.43
BRK.B Berkshire Hathaway Inc. Class B Reduce -7.5% 3.02% −0.42
ETR Entergy Corp. Sold out 0.00% −0.40
AWK American Water Works Co. Inc. Sold out 0.00% −0.38
SBS Cia Saneamento Basico DE-ADR Sold out 0.00% −0.36
MCO Moody's Corp. Sold out 0.00% −0.35
FDX FedEx Corp. Sold out 0.00% −0.34
RPRX Royalty Pharma PLC Class A Sold out 0.00% −0.31
SQM Quimica Y Minera Chil-SP ADR Sold out 0.00% −0.30
FXI iShares China Large-Cap ETF Sold out 0.00% −0.28
GGB Gerdau SA -Spon ADR Sold out 0.00% −0.28
NU Nu Holdings Ltd./Cayman Isl-A Reduce -65.7% 0.24% −0.27
CMS CMS Energy Corp. Sold out 0.00% −0.26
DFS Discover Financial Services Sold out 0.00% −0.26
XEL Xcel Energy Inc. Reduce -27.7% 0.67% −0.26
ITCI Intra-Cellular Therapies Inc. Sold out 0.00% −0.26
TKO Tko Group Holdings Inc. Sold out 0.00% −0.26
XP XP Inc. Class A Sold out 0.00% −0.25
INTR Inter & Co. Inc. Class A Sold out 0.00% −0.25
CM Can Imperial BK of Commerce Sold out 0.00% −0.24
EMLP First Trust North American E Reduce -49.1% 0.26% −0.24
SUZ Suzano SA - Spon ADR Sold out 0.00% −0.22
AAPL Apple Inc. Reduce -83.8% 0.04% −0.20
MA Mastercard Inc. Class A Reduce -73.6% 0.07% −0.19
KKR KKR & Co. Inc. Sold out 0.00% −0.19
CAT Caterpillar Inc. Sold out 0.00% −0.18
WTW Willis Towers Watson PLC Sold out 0.00% −0.18
BABA Alibaba Group Holding-SP ADR Sold out 0.00% −0.17
CSANY Cosan SA -ADR Sold out 0.00% −0.17
BBD Banco Bradesco-ADR Sold out 0.00% −0.14
HES Hess Corp. Reduce -8.0% 0.66% −0.14
TTE Totalenergies SE -Spon ADR Sold out 0.00% −0.13
FRO Frontline PLC Sold out 0.00% −0.13
PYPL PayPal Holdings Inc. Sold out 0.00% −0.12

Portfolio Buys Q1 2025 → Q2 2025
SPY SS SPDR S&P 500 ETF Trust-US Add +3.7% 17.64% +2.83
SNDK Sandisk Corp. New 2.45% +2.45
MGK Vngrd Mrgstr MG CP GR ETF-Ui Add +31.9% 4.39% +1.69
LNT Alliant Energy Corp. New 1.06% +1.06
AEP American Electric Power New 0.86% +0.86
CEG Constellation Energy Add +44.0% 1.22% +0.71
JPM JPMorgan Chase & Co. Add +16.1% 2.26% +0.68
GEV GE Vernova Inc. Add +268.6% 0.79% +0.67
JBS JBS NV-A New 0.67% +0.67
VST Vistra Corp. Add +1.0% 1.44% +0.61
PPL PPL Corp. Add +78.1% 1.34% +0.57
SLV iShares Silver Trust New 0.57% +0.57
MSFT Microsoft Corp. Add +0.4% 1.92% +0.53
WTRG Essential Utilities Inc. New 0.50% +0.50
PEG Public Service Enterprise GP New 0.49% +0.49
IWM iShares Russell 2000 ETF New 0.46% +0.46
DUK Duke Energy Corp. Add +53.6% 1.23% +0.43
NOW ServiceNow Inc. Add +15.2% 1.22% +0.43
EXC Exelon Corp. Add +214.9% 0.61% +0.41
GLD SPDR Gold Shares Add +21.1% 1.57% +0.39
VGK Vanguard Ftse Europe ETF Add +0.1% 3.04% +0.39
EVRG Evergy Inc. New 0.36% +0.36
MGV Vngrd Mrgstr MG CP VL ETF-Ui Add +5.2% 3.50% +0.35
VGT Vanguard Info Tech ETF Add +35.6% 0.83% +0.35
AJG Arthur J Gallagher & Co. New 0.32% +0.32
AEE Ameren Corporation Add +47.1% 0.98% +0.31
LNG Cheniere Energy Inc. New 0.30% +0.30
KMI Kinder Morgan Inc. New 0.30% +0.30
RY Royal Bank of Canada New 0.30% +0.30
MLPX Global X MLP & Energy Infras Add +64.0% 0.73% +0.29
AMLP Alerian MLP ETF Add +282.9% 0.34% +0.25
SPGI S&P Global Inc. New 0.25% +0.25
NI Nisource Inc. New 0.24% +0.24
VO Vngrd Mrngstr MD-Cap ETF-Usd Add +6.0% 1.48% +0.24
VWO Vanguard Ftse Emerging Marke Add +3.5% 1.41% +0.21
WMB Williams Cos Inc. New 0.18% +0.18
XLI SS Industrial Select Sector Add +1554.1% 0.18% +0.17
V Visa Inc. Class A Add +191.0% 0.26% +0.17
EWJ iShares MSCI Japan ETF Add +0.6% 1.16% +0.14
COPX Global X Copper Miners ETF New 0.14% +0.14
FL Foot Locker Inc. New 0.14% +0.14
JMUB JPMorgan Municipal ETF New 0.13% +0.13
TAC Transalta Corp. New 0.12% +0.12
AROC Archrock Inc. New 0.12% +0.12
STIP iShares 0-5 Year Tips Bond E Add +19.3% 0.55% +0.11
FE Firstenergy Corp. Add +7.5% 1.04% +0.10
BPMC Blueprint Medicines Corp. New 0.09% +0.09
SKX Skechers USA Inc. Class A New 0.09% +0.09
VFH Vanguard Financials ETF Add +1.1% 0.76% +0.08
KNTK Kinetik Holdings Inc. New 0.08% +0.08

Options Activity Q1 2025 → Q2 2025
SPY SS SPDR S&P 500 ETF Trust-US put Add +62.4% 41,900 $25.9M
GLD SPDR Gold Shares put Sold out 60,000 $17.3Mbefore exit
GLD SPDR Gold Shares call Sold out 60,000 $17.3Mbefore exit
KWEB Kranesh Csi China Internet call New 303,800 $10.4M
MSFT Microsoft Corp. put New 20,000 $9.9M
MSFT Microsoft Corp. call Add +1076.5% 20,000 $9.9M
C Citigroup Inc. put New 87,800 $7.5M
C Citigroup Inc. call New 87,800 $7.5M
PEP Pepsico Inc. call Sold out 45,900 $6.9Mbefore exit
PEP Pepsico Inc. put Sold out 45,900 $6.9Mbefore exit
EEM iShares MSCI Emerging Market put New 127,400 $6.1M
DIS The Walt Disney Co. put New 48,200 $6.0M
DIS The Walt Disney Co. call New 48,200 $6.0M
BAC Bank of America Corp. call New 123,400 $5.8M
BAC Bank of America Corp. put New 123,400 $5.8M
KRE SS SPDR S&P Regional Bank call New 94,500 $5.6M
MDT Medtronic PLC put New 63,500 $5.5M
MDT Medtronic PLC call New 63,500 $5.5M
QQQ Invesco QQQ Trust Series 1 call New 10,000 $5.5M
QQQ Invesco QQQ Trust Series 1 put Reduce -14.5% 10,000 $5.5M
CL Colgate-Palmolive Co. call Sold out 52,900 $5.0Mbefore exit
CL Colgate-Palmolive Co. put Sold out 52,900 $5.0Mbefore exit
PYPL PayPal Holdings Inc. call Sold out 70,000 $4.6Mbefore exit
PYPL PayPal Holdings Inc. put Sold out 70,000 $4.6Mbefore exit
AVGO Broadcom Inc. put Sold out 25,000 $4.2Mbefore exit
AVGO Broadcom Inc. call Sold out 25,000 $4.2Mbefore exit
NVDA Nvidia Corp. put Sold out 37,500 $4.1Mbefore exit
BABA Alibaba Group Holding-SP ADR call Sold out 30,000 $4.0Mbefore exit
BABA Alibaba Group Holding-SP ADR put Sold out 30,000 $4.0Mbefore exit
EEM iShares MSCI Emerging Market call New 81,900 $4.0M
FXE Invesco Currencyshares Euro put Add +730.6% 29,900 $3.3M
FXE Invesco Currencyshares Euro call Add +730.6% 29,900 $3.3M
USO United States Oil Fund LP put New 42,000 $3.1M
FDX FedEx Corp. put Sold out 12,400 $3.0Mbefore exit
FDX FedEx Corp. call Sold out 12,400 $3.0Mbefore exit
MS Morgan Stanley call New 20,600 $2.9M
MS Morgan Stanley put New 20,600 $2.9M
ASHR Xtrackers Harvest Csi 300 CH call Sold out 108,000 $2.9Mbefore exit
FEZ State Street SPDR Euro Stoxx put Reduce -44.9% 45,500 $2.7M
EA Electronic Arts Inc. put Sold out 18,600 $2.7Mbefore exit
EA Electronic Arts Inc. call Sold out 18,600 $2.7Mbefore exit
META Meta Platforms Inc. Class A call Sold out 4,500 $2.6Mbefore exit
TSM Taiwan Semiconductor-SP ADR call Sold out 14,300 $2.4Mbefore exit
WBA Walgreens Boots Alliance Inc. put Reduce -21.4% 199,600 $2.3M
WBA Walgreens Boots Alliance Inc. call Reduce -21.4% 199,600 $2.3M
XLC SS Comm Select Sector SPDR call New 21,000 $2.3M
EUFN iShares MSCI Europe Financia put Sold out 75,000 $2.1Mbefore exit
NU Nu Holdings Ltd./Cayman Isl-A put Sold out 199,100 $2.0Mbefore exit
NU Nu Holdings Ltd./Cayman Isl-A call Sold out 199,100 $2.0Mbefore exit
TSM Taiwan Semiconductor-SP ADR put Sold out 11,400 $1.9Mbefore exit

Showing the first 50 of 85.

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

Notes & Other Activity Q1 2025 → Q2 2025
NIO INC (NIO 4.625 10/15/30) NOTE 4.625%10/1 · principal New 3,000,000 $1.9M

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 412$1.3BVOO, IWF, MGK, NVDA, AMZN
Q1 2026 302$1.0BVOO, IWF, MGK, MGV, NVDA
Q4 2025 221$893.2MSPY, IWF, MGK, MGV, GOOG
Q3 2025 233$841.7MSPY, IWF, MGK, MGV, NVDA
Q2 2025 205$741.4MSPY, IWF, MGK, MGV, VGK
Q1 2025 212$770.6MSPY, IWF, GOOG, BRK.B, MGV
Q4 2024 246$773.0MSPY, IWF, GOOG, BRK.B, MGV
Q3 2024 192$688.9MSPY, IWF, BRK.B, GOOG, MGV
Q2 2024 111$399.1MSPY, IWF, BRK.B, FLUT, LQD