BTG Pactual Global Asset Management Ltd
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), BTG Pactual Global Asset Management Ltd reported 102 stock positions worth $313.6 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 6.6% of the portfolio, followed by Amazon.com (AMZN, 5.0%) and Berkshire Hathaway Class B (BRK.B, 4.5%). Compared with Q4 2023, it opened 63 new positions, sold out of 11, added to 16 and reduced 13. The biggest buy was a new position in SS SPDR S&P 500 ETF Trust-US (SPY) and the biggest sale XP Class A (XP, shares −50%).
- Most Recent 13F
- Q1 2024
- Location
- NEW YORK, NY
- CIK
- 0001567992
- Portfolio Value
- $313.6M (Q1 2024)
- SEC Filing
- 0001085146-24-002543 ↗ filed May 15, 2024
Holdings 102 stocks · $313.6M
| SPY SS SPDR S&P 500 ETF Trust-US | 6.56% | 39,305 | $20.6M | New |
| AMZN Amazon.com Inc. | 5.00% | 86,958 | $15.7M | Add +225.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.51% | 33,652 | $14.2M | New |
| IWF iShares Russell 1000 Growth | 4.38% | 43,280 | $13.7M | New |
| META Meta Platforms Inc. Class A | 4.03% | 26,035 | $12.6M | Add +18.7% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 3.91% | 112,540 | $12.3M | New |
| NVDA Nvidia Corp. | 3.06% | 10,621 | $9.6M | Add +74.7% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 2.98% | 782,256 | $9.3M | Reduce -11.3% |
| MSFT Microsoft Corp. | 2.83% | 21,085 | $8.9M | Add +99.0% |
| PBR Petroleo Brasileiro-Spon ADR | 2.74% | 564,270 | $8.6M | No change |
| VWO Vanguard Ftse Emerging Marke | 2.67% | 213,650 | $8.4M | New |
| ITUB Itau Unibanco H-Spon PRF ADR | 2.61% | 1,181,390 | $8.2M | No change |
| PXD Pioneer Natural Resources Co. | 2.20% | 26,306 | $6.9M | Add +389.7% |
| EVRG Evergy Inc. | 1.92% | 112,776 | $6.0M | Reduce -11.3% |
| VALE Vale SA-SP ADR | 1.86% | 479,070 | $5.8M | Reduce -8.9% |
| MELI MercadoLibre Inc. | 1.81% | 3,749 | $5.7M | Reduce -2.0% |
| HES Hess Corp. | 1.78% | 36,555 | $5.6M | Reduce -12.0% |
| MA Mastercard Inc. Class A | 1.66% | 10,792 | $5.2M | Add +137.8% |
| XP XP Inc. Class A | 1.64% | 200,364 | $5.1M | Reduce -49.8% |
| AEE Ameren Corporation | 1.62% | 68,694 | $5.1M | New |
| NI Nisource Inc. | 1.61% | 182,425 | $5.0M | Reduce -28.6% |
| STNE Stoneco Ltd. Class A | 1.59% | 299,794 | $5.0M | New |
| PCG P G & E Corp. | 1.49% | 278,629 | $4.7M | Reduce -0.7% |
| TLT iShares 20+ Year Treasury BD | 1.15% | 38,025 | $3.6M | New |
| ANSS Ansys Inc. | 1.11% | 10,000 | $3.5M | Add +233.3% |
| SRE Sempra | 1.10% | 47,816 | $3.4M | Add +12.5% |
| XEL Xcel Energy Inc. | 1.07% | 62,331 | $3.4M | New |
| ENIC Enel Chile SA-ADR | 1.06% | 1,089,800 | $3.3M | No change |
| ACI Albertsons Cos Inc. Class A | 1.03% | 150,000 | $3.2M | Add +87.5% |
| CSANY Cosan SA -ADR | 1.02% | 247,680 | $3.2M | No change |
| ASAIY Sendas Distribuidora SA | 0.97% | 206,870 | $3.1M | No change |
| ORLY O'reilly Automotive Inc. | 0.95% | 2,629 | $3.0M | Add +31.4% |
| SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE | 0.92% | 58,600 | $2.9M | Reduce -51.5% |
| GGB Gerdau SA -Spon ADR | 0.90% | 638,270 | $2.8M | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.86% | 26,531 | $2.7M | Add +45.4% |
| SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI | 0.83% | 154,370 | $2.6M | No change |
| XLV SS Health Care Select Sector | 0.77% | 16,422 | $2.4M | New |
| SUZ Suzano SA - Spon ADR | 0.74% | 182,120 | $2.3M | No change |
| GOOG Alphabet Inc. Class C | 0.73% | 15,090 | $2.3M | New |
| ETR Entergy Corp. | 0.73% | 21,650 | $2.3M | Reduce -49.1% |
| NOW ServiceNow Inc. | 0.73% | 3,000 | $2.3M | New |
| AAPL Apple Inc. | 0.71% | 13,027 | $2.2M | Add +125.6% |
| PBA Pembina Pipeline Corp. | 0.70% | 62,454 | $2.2M | New |
| AEP American Electric Power | 0.65% | 23,660 | $2.0M | Reduce -36.6% |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.61% | 12,500 | $1.9M | New |
| IVV iShares Core S&P 500 ETF | 0.61% | 4,211 | $1.9M | New |
| GOOGL Alphabet Inc. Class A | 0.58% | 12,000 | $1.8M | Add +14.4% |
| CVE Cenovus Energy Inc. | 0.54% | 84,922 | $1.7M | New |
| V Visa Inc. Class A | 0.47% | 5,285 | $1.5M | Reduce -1.2% |
| BBD Banco Bradesco-ADR | 0.45% | 494,580 | $1.4M | No change |
| CRWD CrowdStrike Holdings Inc. Class A | 0.44% | 4,342 | $1.4M | New |
| STIP iShares 0-5 Year Tips Bond E | 0.44% | 14,142 | $1.4M | New |
| JPM JPMorgan Chase & Co. | 0.44% | 6,907 | $1.4M | New |
| SBLK Star Bulk Carriers Corp. | 0.44% | 57,444 | $1.4M | New |
| PEG Public Service Enterprise GP | 0.41% | 19,379 | $1.3M | New |
| INSW International Seaways Inc. | 0.40% | 23,344 | $1.2M | Add +49.7% |
| CRM Salesforce Inc. | 0.39% | 4,097 | $1.2M | New |
| AUNA Auna SA Class A | 0.37% | 110,000 | $1.2M | New |
| AES AES Corp. | 0.36% | 63,440 | $1.1M | New |
| OXY Occidental Petroleum Corp. | 0.36% | 17,482 | $1.1M | New |
| ES Eversource Energy | 0.36% | 18,647 | $1.1M | New |
| X United States Steel Corp. | 0.35% | 26,885 | $1.1M | Reduce -42.7% |
| IBB iShares Biotechnology ETF | 0.35% | 9,579 | $1.1M | New |
| UNH Unitedhealth Group Inc. | 0.35% | 2,064 | $1.1M | New |
| URI United Rentals Inc. | 0.34% | 1,493 | $1.1M | New |
| EEM iShares MSCI Emerging Market | 0.34% | 25,720 | $1.1M | New |
| CEG Constellation Energy | 0.33% | 5,615 | $1.0M | New |
| SYK Stryker Corp. | 0.33% | 2,891 | $1.0M | New |
| CRESCENT PT ENERGY CORP | 0.33% | 125,431 | $1.0M | Add +97.0% |
| SPGI S&P Global Inc. | 0.32% | 2,331 | $992K | New |
| IGV iShares Expanded Tech-Softwa | 0.31% | 3,375 | $984K | New |
| TSM Taiwan Semiconductor-SP ADR | 0.30% | 7,000 | $952K | New |
| CAT Caterpillar Inc. | 0.30% | 2,592 | $950K | New |
| PANW Palo Alto Networks Inc. | 0.29% | 3,237 | $920K | New |
| STZ Constellation Brands Inc. Class A | 0.29% | 3,309 | $899K | New |
| LLY Eli Lilly & Co. | 0.28% | 1,146 | $892K | New |
| EMR Emerson Electric Co. | 0.28% | 7,794 | $884K | New |
| ADBE Adobe Inc. | 0.28% | 1,743 | $880K | New |
| C Citigroup Inc. | 0.27% | 13,623 | $862K | New |
| CMCSA Comcast Corp. Class A | 0.27% | 19,461 | $844K | New |
| EQIX Equinix Inc. | 0.27% | 1,013 | $836K | New |
| PEP Pepsico Inc. | 0.26% | 4,674 | $818K | New |
| LOW Lowe's Cos Inc. | 0.26% | 3,200 | $815K | New |
| UBER Uber Technologies Inc. | 0.26% | 10,405 | $801K | New |
| HCA HCA Healthcare Inc. | 0.25% | 2,373 | $791K | New |
| AXONICS INC | 0.22% | 10,000 | $690K | New |
| GS Goldman Sachs Group Inc. | 0.20% | 1,478 | $617K | New |
| NEE Nextera Energy Inc. | 0.18% | 8,655 | $553K | New |
| TTI Tetra Technologies Inc. | 0.17% | 120,183 | $532K | Add +261.4% |
| GLNG Golar LNG Ltd. | 0.17% | 21,611 | $520K | New |
| ANET Arista Networks Inc. | 0.15% | 3,179 | $480K | New |
| DHR Danaher Corp. | 0.13% | 3,000 | $412K | New |
| XLI SS Industrial Select Sector | 0.12% | 3,100 | $390K | New |
| DHT DHT Holdings Inc. | 0.12% | 33,277 | $383K | New |
| TIP iShares Tips Bond ETF | 0.12% | 3,565 | $377K | New |
| EVVAQ Enviva LLC | 0.09% | 662,954 | $292K | No change |
| EMB iShares JP Morgan Usd Emergi | 0.07% | 2,079 | $235K | New |
| VZIO Vizio Holding Corp. Class A | 0.07% | 20,000 | $219K | New |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.07% | 1,425 | $205K | New |
| KW Kennedy-Wilson Holdings Inc. | 0.03% | 10,653 | $91K | New |
| FLG New York Community Bancorp | 0.01% | 10,852 | $35K | New |
| QQQ Invesco QQQ Trust Series 1 | 0.01% | 47 | $21K | New |
Options reported separately and not counted above: IWM calls ($27.8M), SPY puts ($26.2M), QQQ puts ($22.2M), ASHR calls ($16.2M), FXI calls ($15.6M), TLT puts ($13.7M), EWZ puts ($9.7M), FXI puts ($9.6M), EWZ calls ($7.5M), MU puts ($7.1M), MU calls ($7.1M), XOP calls ($6.8M), and 28 more.
Portfolio Sells Q4 2023 → Q1 2024
| XP XP Inc. Class A | Reduce -49.8% | 1.64% | −4.57 |
| SQM Quimica Y Minera Chil-SP ADR | Reduce -51.5% | 0.92% | −3.42 |
| VALE Vale SA-SP ADR | Reduce -8.9% | 1.86% | −3.11 |
| NI Nisource Inc. | Reduce -28.6% | 1.61% | −2.43 |
| SPLK Splunk Inc. | Sold out | 0.00% | −2.34 |
| FE Firstenergy Corp. | Sold out | 0.00% | −2.06 |
| EVRG Evergy Inc. | Reduce -11.3% | 1.92% | −2.04 |
| EXC Exelon Corp. | Sold out | 0.00% | −2.01 |
| ETR Entergy Corp. | Reduce -49.1% | 0.73% | −1.83 |
| HES Hess Corp. | Reduce -12.0% | 1.78% | −1.79 |
| MELI MercadoLibre Inc. | Reduce -2.0% | 1.81% | −1.77 |
| PCG P G & E Corp. | Reduce -0.7% | 1.49% | −1.53 |
| NTCOY Natura &co Holding-ADR | Sold out | 0.00% | −1.48 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -11.3% | 2.98% | −1.40 |
| PPL PPL Corp. | Sold out | 0.00% | −1.31 |
| AEP American Electric Power | Reduce -36.6% | 0.65% | −1.16 |
| CMS CMS Energy Corp. | Sold out | 0.00% | −1.03 |
| X United States Steel Corp. | Reduce -42.7% | 0.35% | −1.01 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.53 |
| SIMO Silicon Motion Technol-ADR | Sold out | 0.00% | −0.37 |
| V Visa Inc. Class A | Reduce -1.2% | 0.47% | −0.36 |
| TECK Teck Resources Ltd.-CLS B | Sold out | 0.00% | −0.35 |
| CPRI Capri Holdings Ltd. | Sold out | 0.00% | −0.30 |
| EXTOY Almacenes Exito SA-ADR | Sold out | 0.00% | −0.11 |
Portfolio Buys Q4 2023 → Q1 2024
| SPY SS SPDR S&P 500 ETF Trust-US | New | 6.56% | +6.56 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 4.51% | +4.51 |
| IWF iShares Russell 1000 Growth | New | 4.38% | +4.38 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | New | 3.91% | +3.91 |
| VWO Vanguard Ftse Emerging Marke | New | 2.67% | +2.67 |
| AMZN Amazon.com Inc. | Add +225.1% | 5.00% | +2.58 |
| AEE Ameren Corporation | New | 1.62% | +1.62 |
| STNE Stoneco Ltd. Class A | New | 1.59% | +1.59 |
| PXD Pioneer Natural Resources Co. | Add +389.7% | 2.20% | +1.48 |
| NVDA Nvidia Corp. | Add +74.7% | 3.06% | +1.27 |
| TLT iShares 20+ Year Treasury BD | New | 1.15% | +1.15 |
| XEL Xcel Energy Inc. | New | 1.07% | +1.07 |
| XLV SS Health Care Select Sector | New | 0.77% | +0.77 |
| GOOG Alphabet Inc. Class C | New | 0.73% | +0.73 |
| NOW ServiceNow Inc. | New | 0.73% | +0.73 |
| PBA Pembina Pipeline Corp. | New | 0.70% | +0.70 |
| EL Estee Lauder Companies Class A | New | 0.61% | +0.61 |
| IVV iShares Core S&P 500 ETF | New | 0.61% | +0.61 |
| CVE Cenovus Energy Inc. | New | 0.54% | +0.54 |
| MA Mastercard Inc. Class A | Add +137.8% | 1.66% | +0.50 |
| ANSS Ansys Inc. | Add +233.3% | 1.11% | +0.46 |
| MSFT Microsoft Corp. | Add +99.0% | 2.83% | +0.45 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.44% | +0.44 |
| STIP iShares 0-5 Year Tips Bond E | New | 0.44% | +0.44 |
| JPM JPMorgan Chase & Co. | New | 0.44% | +0.44 |
| SBLK Star Bulk Carriers Corp. | New | 0.44% | +0.44 |
| PEG Public Service Enterprise GP | New | 0.41% | +0.41 |
| CRM Salesforce Inc. | New | 0.39% | +0.39 |
| AUNA Auna SA Class A | New | 0.37% | +0.37 |
| AES AES Corp. | New | 0.36% | +0.36 |
| OXY Occidental Petroleum Corp. | New | 0.36% | +0.36 |
| ES Eversource Energy | New | 0.36% | +0.36 |
| IBB iShares Biotechnology ETF | New | 0.35% | +0.35 |
| UNH Unitedhealth Group Inc. | New | 0.35% | +0.35 |
| URI United Rentals Inc. | New | 0.34% | +0.34 |
| EEM iShares MSCI Emerging Market | New | 0.34% | +0.34 |
| CEG Constellation Energy | New | 0.33% | +0.33 |
| SYK Stryker Corp. | New | 0.33% | +0.33 |
| SPGI S&P Global Inc. | New | 0.32% | +0.32 |
| IGV iShares Expanded Tech-Softwa | New | 0.31% | +0.31 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.30% | +0.30 |
| CAT Caterpillar Inc. | New | 0.30% | +0.30 |
| PANW Palo Alto Networks Inc. | New | 0.29% | +0.29 |
| STZ Constellation Brands Inc. Class A | New | 0.29% | +0.29 |
| LLY Eli Lilly & Co. | New | 0.28% | +0.28 |
| EMR Emerson Electric Co. | New | 0.28% | +0.28 |
| ADBE Adobe Inc. | New | 0.28% | +0.28 |
| C Citigroup Inc. | New | 0.27% | +0.27 |
| CMCSA Comcast Corp. Class A | New | 0.27% | +0.27 |
| EQIX Equinix Inc. | New | 0.27% | +0.27 |
Options Activity Q4 2023 → Q1 2024
| IWM iShares Russell 2000 ETF | call | New | 132,000 | $27.8M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 50,000 | $26.2M |
| QQQ Invesco QQQ Trust Series 1 | put | Add +16.3% | 50,000 | $22.2M |
| ASHR Xtrackers Harvest Csi 300 CH | call | New | 675,000 | $16.2M |
| FXI iShares China Large-Cap ETF | call | New | 650,000 | $15.6M |
| TLT iShares 20+ Year Treasury BD | put | New | 145,000 | $13.7M |
| EWZ iShares MSCI Brazil ETF | put | New | 300,000 | $9.7M |
| FXI iShares China Large-Cap ETF | put | New | 400,000 | $9.6M |
| EWZ iShares MSCI Brazil ETF | call | New | 230,000 | $7.5M |
| MU Micron Technology Inc. | put | New | 60,000 | $7.1M |
| MU Micron Technology Inc. | call | New | 60,000 | $7.1M |
| XOP SS SPDR S&P Og Exp & Prod | call | New | 44,000 | $6.8M |
| IWM iShares Russell 2000 ETF | put | Sold out | 33,000 | $6.6Mbefore exit |
| EWY iShares MSCI South Korea ETF | call | New | 90,000 | $6.0M |
| WFC Wells Fargo & Co. | call | New | 100,000 | $5.8M |
| WFC Wells Fargo & Co. | put | New | 100,000 | $5.8M |
| FDX FedEx Corp. | put | New | 20,000 | $5.8M |
| FDX FedEx Corp. | call | New | 20,000 | $5.8M |
| SMH Vaneck Semiconductor ETF | call | New | 25,000 | $5.6M |
| JPM JPMorgan Chase & Co. | call | New | 27,500 | $5.5M |
| JPM JPMorgan Chase & Co. | put | New | 27,500 | $5.5M |
| TGT Target Corp. | call | New | 30,000 | $5.3M |
| TGT Target Corp. | put | New | 30,000 | $5.3M |
| EBAY eBay Inc. | call | New | 100,000 | $5.3M |
| EBAY eBay Inc. | put | New | 100,000 | $5.3M |
| URA Global X Uranium ETF | call | New | 180,000 | $5.2M |
| KRE SS SPDR S&P Regional Bank | call | New | 100,000 | $5.0M |
| DIS The Walt Disney Co. | put | New | 40,000 | $4.9M |
| DIS The Walt Disney Co. | call | New | 40,000 | $4.9M |
| EEM iShares MSCI Emerging Market | call | Reduce -93.7% | 100,000 | $4.1M |
| ADBE Adobe Inc. | call | New | 7,500 | $3.8M |
| ADBE Adobe Inc. | put | New | 7,500 | $3.8M |
| SPY SS SPDR S&P 500 ETF Trust-US | call | New | 6,000 | $3.1M |
| BRK.B Berkshire Hathaway Inc. Class B | put | New | 7,000 | $2.9M |
| BRK.B Berkshire Hathaway Inc. Class B | call | New | 7,000 | $2.9M |
| META Meta Platforms Inc. Class A | put | New | 5,000 | $2.4M |
| META Meta Platforms Inc. Class A | call | New | 5,000 | $2.4M |
| FCX Freeport-McMoran Inc. | call | New | 44,600 | $2.1M |
| BITO Proshares Bitcoin ETF-Usd | put | Sold out | 100,000 | $2.0Mbefore exit |
| HES Hess Corp. | put | New | 10,000 | $1.5M |
| EL Estee Lauder Companies Class A | put | Sold out | 10,000 | $1.5Mbefore exit |
| X United States Steel Corp. | put | New | 3,500 | $143K |
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 |
|---|---|---|---|
| Q1 2024 | 102 | $313.6M | SPY, AMZN, BRK.B, IWF, META |