In its 13F for Q1 2024 (holdings as of March 31, 2024, filed August 7, 2026), CapitalatWork S.A. reported 52 stock positions worth $3.0 billion . Its top holding was Apollo Global Management (APO) at 7.4% of the portfolio, followed by Alphabet Class C (GOOG, 7.3% ) and Unitedhealth (UNH, 5.7% ). Compared with Q4 2023, it opened 5 new positions, sold out of 3, added to 26 and reduced 17. The biggest buy was Exxon Mobil (XOM, shares +136% ) and the biggest sale Blackstone (BX, shares −48% ).
Location AUDERGHEM, C9
CIK 0002135126
Portfolio Value $3.0B (Q1 2024) Holdings 52 stocks · $3.0B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 APO Apollo Global Management Inc. 1,957,665 $220.1M Reduce -0.4% GOOG Alphabet Inc. Class C 1,427,595 $217.4M Reduce -4.0% UNH Unitedhealth Group Inc. 345,594 $171.0M Add +0.9% AMAT Applied Materials Inc. 824,180 $170.0M Reduce -4.5% INTC Intel Corp. 3,695,050 $163.2M Add +2.3% ORCL Oracle Corp. 1,147,820 $144.2M Add +0.3% CMCSA Comcast Corp. Class A 3,269,182 $141.7M Add +0.5% AAPL Apple Inc. 708,557 $121.5M Add +0.7% CVX Chevron Corp. 728,884 $115.0M Add +34.7% SCHW Schwab (charles) Corp. 1,542,475 $111.6M Add +3.6% V Visa Inc. Class A 362,097 $101.1M Reduce -27.7% TNL Travel + Leisure Co. 1,834,663 $89.8M Add +0.4% EXXON MOBIL CORP 764,200 $88.8M Add +72.0% XOM Exxon Mobil Corp. 649,272 $75.5M Add +136.3% LVS Las Vegas Sands Corp. 1,349,664 $69.8M Add +9.8% AER Aercap Holdings NV 747,574 $65.0M Add +7.8% MSFT Microsoft Corp. 142,185 $59.8M Reduce -15.5% VIPS Vipshop Holdings Ltd. - ADR 3,516,528 $58.2M Add +15.7% BX Blackstone Inc. 442,539 $58.1M Reduce -48.1% META Meta Platforms Inc. Class A 112,689 $54.7M Reduce -10.1% BABA Alibaba Group Holding-SP ADR 747,695 $54.1M Add +43.0% FISV Fiserv Inc. 305,059 $48.8M Add +0.7% AON Aon PLC Class A 142,580 $47.6M Add +0.8% ABNB Airbnb Inc. Class A 276,246 $45.6M Reduce -0.3% DE Deere & Co. 96,495 $39.6M Add +41.6% ZBH Zimmer Biomet Holdings Inc. 288,030 $38.0M Add +13.7% SNPS Synopsys Inc. 65,240 $37.3M Reduce -53.9% TTWO Take-Two Interactive Softwre 241,704 $35.9M Add +119.4% EA Electronic Arts Inc. 236,655 $31.4M Add +19.6% ICE Intercontinental Exchange Inc. 202,550 $27.8M Add +1.5% COMCAST CORP NEW 639,000 $27.7M New GWW WW Grainger Inc. filed as GRAINGER W W INC 25,308 $25.7M Reduce -14.8% DIS The Walt Disney Co. filed as DISNEY WALT CO 208,836 $25.6M Add +21.8% NFLX Netflix Inc. 36,363 $22.1M Reduce -11.5% WH Wyndham Hotels & Resorts Inc. 285,243 $21.9M Reduce -21.9% TMUS T-Mobile US Inc. 130,000 $21.2M New ADBE Adobe Inc. 38,450 $19.4M Add +26.5% NDAQ Nasdaq Inc. 249,951 $15.8M Reduce -1.0% FCX Freeport-McMoran Inc. 285,500 $13.4M Add +0.9% NKE Nike Inc. Class B 124,095 $11.7M Add +15.3% AMZN Amazon.com Inc. 62,160 $11.2M Add +3.0% NXPI NXP Semiconductors NV 44,628 $11.1M Reduce -0.3% ROP Roper Technologies Inc. 17,625 $9.9M No change UNP Union Pacific Corp. 33,150 $8.2M Reduce -1.9% TCOM Trip.com Group Ltd.-ADR 170,172 $7.5M Reduce -48.5% TV Grupo Televisa SA-Spon ADR 2,235,486 $7.2M No change CNH CNH Industrial NV 359,500 $4.7M New APPLIED MATLS INC 20,000 $4.1M New APOLLO GLOBAL MGMT INC 35,000 $3.9M New SPGI S&P Global Inc. 8,100 $3.4M No change ENPH Enphase Energy Inc. 22,334 $2.7M Reduce -36.8% DISNEY WALT CO 17,800 $2.2M No change
Other holdings (25): bonds, preferreds, convertibles and warrants · $11.7M (not counted above) Security Class Shares / Principal Value Change GLD SPDR Gold Shares GOLD SHS · principal 10,684 $2.2M Reduce -26.4% PANW Palo Alto Networks Inc. COM · principal 6,000 $1.7M No change CEF Sprott Physical Gold and Sil PHYSICAL GOLD AN · principal 77,495 $1.6M Reduce -6.1% ACN Accenture PLC Class A SHS CLASS A · principal 3,670 $1.3M No change LIN Linde PLC SHS · principal 2,194 $1.0M No change PYPL PayPal Holdings Inc. COM · principal 7,500 $502K No change DAL Delta Air Lines Inc. COM NEW · principal 8,453 $405K Reduce -8.7% PFE Pfizer Inc. COM · principal 13,657 $379K No change BRK.B Berkshire Hathaway Inc. Class B CL B NEW · principal 850 $357K Reduce -12.1% GDXJ Vaneck Junior Gold Miners JUNIOR GOLD MINE · principal 9,125 $354K Reduce -1.5% GDX Vaneck Gold Miners ETF GOLD MINERS ETF · principal 10,775 $341K No change JPM JPMorgan Chase & Co. COM · principal 1,655 $331K No change BRSL Brightstar Lottery PLC SHS USD · principal 12,550 $284K No change SPY SS SPDR S&P 500 ETF Trust-US TR UNIT · principal 524 $274K No change MRK Merck & Co. Inc. COM · principal 1,950 $257K No change GOOGL Alphabet Inc. Class A CAP STK CL A · principal 1,183 $179K Add +184.4% JNJ Johnson & Johnson COM · principal 800 $127K No change CRM Salesforce Inc. COM · principal 150 $45K No change FNDE Schwab Fndmntl Em MRK Eq ETF FUND EM EQUI ETF · principal 1,600 $44K Reduce -66.5% CSCO Cisco Systems Inc. COM · principal 600 $30K No change EWX State Street SPDR S&P Emergi ST MARKE CAP ETF · principal 445 $25K Reduce -79.7% VNM Vaneck Vietnam ETF VANECK VIETNAM · principal 1,500 $21K No change EEM iShares MSCI Emerging Market MSCI EMG MKT ETF · principal 445 $18K No change AG First Majestic Silver Corp. COM · principal 500 $3K No change INDA iShares MSCI India ETF MSCI INDIA ETF · principal 52 $3K No change
Total filed on the 13F, all lines: $3.0B.
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ BX Blackstone Inc. Reduce -48.1% 1.95% −2.11 SNPS Synopsys Inc. Reduce -53.9% 1.25% −1.40 V Visa Inc. Class A Reduce -27.7% 3.39% −1.36 VISA INC Sold out 0.00% −0.63 APPLE INC Sold out 0.00% −0.40 MICROSOFT CORP Sold out 0.00% −0.40 GOOG Alphabet Inc. Class C Reduce -4.0% 7.29% −0.34 WH Wyndham Hotels & Resorts Inc. Reduce -21.9% 0.73% −0.33 MSFT Microsoft Corp. Reduce -15.5% 2.01% −0.30 TCOM Trip.com Group Ltd.-ADR Reduce -48.5% 0.25% −0.18 ENPH Enphase Energy Inc. Reduce -36.8% 0.09% −0.08 GWW WW Grainger Inc. Reduce -14.8% 0.86% −0.03 UNP Union Pacific Corp. Reduce -1.9% 0.27% −0.03 NDAQ Nasdaq Inc. Reduce -1.0% 0.53% −0.01 NXPI NXP Semiconductors NV Reduce -0.3% 0.37% −0.00 NFLX Netflix Inc. Reduce -11.5% 0.74% +0.01 ABNB Airbnb Inc. Class A Reduce -0.3% 1.53% +0.16 META Meta Platforms Inc. Class A Reduce -10.1% 1.83% +0.22 AMAT Applied Materials Inc. Reduce -4.5% 5.70% +0.61 APO Apollo Global Management Inc. Reduce -0.4% 7.38% +0.71
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ XOM Exxon Mobil Corp. Add +136.3% 2.53% +1.53 EXXON MOBIL CORP Add +72.0% 2.98% +1.36 COMCAST CORP NEW New 0.93% +0.93 CVX Chevron Corp. Add +34.7% 3.85% +0.92 TMUS T-Mobile US Inc. New 0.71% +0.71 TTWO Take-Two Interactive Softwre Add +119.4% 1.20% +0.56 ORCL Oracle Corp. Add +0.3% 4.83% +0.45 TNL Travel + Leisure Co. Add +0.4% 3.01% +0.41 BABA Alibaba Group Holding-SP ADR Add +43.0% 1.81% +0.34 DE Deere & Co. Add +41.6% 1.33% +0.34 AER Aercap Holdings NV Add +7.8% 2.18% +0.30 DIS The Walt Disney Co. Add +21.8% 0.86% +0.29 FISV Fiserv Inc. Add +0.7% 1.63% +0.17 CNH CNH Industrial NV New 0.16% +0.16 ZBH Zimmer Biomet Holdings Inc. Add +13.7% 1.27% +0.15 LVS Las Vegas Sands Corp. Add +9.8% 2.34% +0.14 APPLIED MATLS INC New 0.14% +0.14 APOLLO GLOBAL MGMT INC New 0.13% +0.13 AON Aon PLC Class A Add +0.8% 1.60% +0.10 EA Electronic Arts Inc. Add +19.6% 1.05% +0.07 AMZN Amazon.com Inc. Add +3.0% 0.38% +0.04 FCX Freeport-McMoran Inc. Add +0.9% 0.45% +0.01 SCHW Schwab (charles) Corp. Add +3.6% 3.74% +0.01 ICE Intercontinental Exchange Inc. Add +1.5% 0.93% +0.00 ADBE Adobe Inc. Add +26.5% 0.65% −0.01 VIPS Vipshop Holdings Ltd. - ADR Add +15.7% 1.95% −0.01 NKE Nike Inc. Class B Add +15.3% 0.39% −0.03 CMCSA Comcast Corp. Class A Add +0.5% 4.75% −0.44 UNH Unitedhealth Group Inc. Add +0.9% 5.73% −0.83 AAPL Apple Inc. Add +0.7% 4.07% −0.86 INTC Intel Corp. Add +2.3% 5.47% −1.14
Notes & Other Activity Q4 2023 → Q1 2024 Security Class Change vs Q4 2023 Shares / Principal Value ▼ GLD SPDR Gold Shares GOLD SHS · principal Reduce -26.4% 10,684 $2.2M CEF Sprott Physical Gold and Sil PHYSICAL GOLD AN · principal Reduce -6.1% 77,495 $1.6M NVDA Nvidia Corp. COM · principal Sold out 2,500 $1.2Mbefore exit DAL Delta Air Lines Inc. COM NEW · principal Reduce -8.7% 8,453 $405K BRK.B Berkshire Hathaway Inc. Class B CL B NEW · principal Reduce -12.1% 850 $357K GDXJ Vaneck Junior Gold Miners JUNIOR GOLD MINE · principal Reduce -1.5% 9,125 $354K GOOGL Alphabet Inc. Class A CAP STK CL A · principal Add +184.4% 1,183 $179K MU Micron Technology Inc. COM · principal Sold out 1,000 $85Kbefore exit FNDE Schwab Fndmntl Em MRK Eq ETF FUND EM EQUI ETF · principal Reduce -66.5% 1,600 $44K EWX State Street SPDR S&P Emergi ST MARKE CAP ETF · principal Reduce -79.7% 445 $25K NEM Newmont Corp. COM · principal Sold out 500 $21Kbefore exit TSM Taiwan Semiconductor-SP ADR SPONSORED ADS · principal Sold out 198 $21Kbefore exit JD Jd.com Inc.-ADR SPON ADS CL A · principal Sold out 400 $12Kbefore exit
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 60 $4.0B INTC, GOOG, APO, TMUS, SCHW Q1 2026 Amended 60 $3.3B GOOG, APO, INTC, SCHW, MSFT Q4 2025 60 $3.3B GOOG, APO, SCHW, INTC, AMAT Q3 2025 61 $3.4B GOOG, AMAT, APO, INTC, SCHW Q2 2025 62 $3.3B GOOG, ORCL, APO, SCHW, AMAT Q1 2025 60 $3.1B GOOG, APO, UNH, SCHW, CMCSA Q4 2024 55 $3.1B GOOG, APO, ORCL, UNH, CMCSA Q3 2024 55 $2.9B GOOG, APO, UNH, ORCL, CMCSA Q2 2024 55 $3.0B GOOG, APO, AMAT, UNH, ORCL Q1 2024 52 $3.0B APO, GOOG, UNH, AMAT, INTC