In its 13F for Q3 2024 (holdings as of September 30, 2024, filed August 7, 2026), CapitalatWork S.A. reported 55 stock positions worth $2.9 billion . Its top holding was Alphabet Class C (GOOG) at 6.3% of the portfolio, followed by Apollo Global Management (APO, 6.0% ) and Unitedhealth (UNH, 5.9% ). Compared with Q2 2024, it opened 1 new position, sold out of 1, added to 29 and reduced 18. The biggest buy was Alibaba Group Holding-SP ADR (BABA, shares +4% ) and the biggest sale Apple (AAPL, shares −60% ).
Location AUDERGHEM, C9
CIK 0002135126
Portfolio Value $2.9B (Q3 2024) Holdings 55 stocks · $2.9B 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 Q2 2024 GOOG Alphabet Inc. Class C 1,101,320 $184.1M Reduce -10.3% APO Apollo Global Management Inc. 1,401,370 $175.0M Reduce -23.1% UNH Unitedhealth Group Inc. 294,663 $172.3M Reduce -10.4% ORCL Oracle Corp. 977,171 $166.5M Reduce -12.6% CMCSA Comcast Corp. Class A 3,563,448 $148.8M Add +4.3% AMAT Applied Materials Inc. 711,119 $143.7M Reduce -1.8% SCHW Schwab (charles) Corp. 1,754,563 $113.7M Add +13.0% INTC Intel Corp. 4,623,509 $108.5M Add +13.9% CVX Chevron Corp. 690,422 $101.7M Reduce -0.3% AER Aercap Holdings NV 1,019,809 $96.6M Add +15.7% V Visa Inc. Class A 326,074 $89.7M Add +0.4% TNL Travel + Leisure Co. 1,891,078 $87.1M Add +1.3% BABA Alibaba Group Holding-SP ADR 780,335 $82.8M Add +4.1% LH Labcorp Holdings Inc. 349,795 $78.2M Add +5.3% XOM Exxon Mobil Corp. 648,263 $76.0M Add +0.5% LVS Las Vegas Sands Corp. 1,496,823 $75.3M Add +10.9% TMUS T-Mobile US Inc. 320,904 $66.2M Add +27.1% VIPS Vipshop Holdings Ltd. - ADR 4,064,656 $63.9M Add +6.8% BX Blackstone Inc. 387,483 $59.3M Reduce -10.5% FISV Fiserv Inc. 315,683 $56.7M Add +0.8% AON Aon PLC Class A 157,319 $54.4M Reduce -3.6% AAPL Apple Inc. 223,163 $52.0M Reduce -60.0% META Meta Platforms Inc. Class A 90,033 $51.5M Reduce -30.7% DE Deere & Co. 111,880 $46.7M Add +11.6% TTWO Take-Two Interactive Softwre 265,770 $40.9M Add +5.5% CRM Salesforce Inc. 148,969 $40.8M Add +52.1% ABNB Airbnb Inc. Class A 301,362 $38.2M Add +16.9% EA Electronic Arts Inc. 252,125 $36.2M Reduce -1.5% MSFT Microsoft Corp. 83,453 $35.9M Reduce -11.8% ZBH Zimmer Biomet Holdings Inc. 332,030 $35.8M Add +6.9% ICE Intercontinental Exchange Inc. 178,050 $28.6M No change COMCAST CORP NEW 668,000 $27.9M No change NFLX Netflix Inc. 38,420 $27.3M Add +0.1% DIS The Walt Disney Co. filed as DISNEY WALT CO 279,476 $26.9M Add +10.3% GWW WW Grainger Inc. filed as GRAINGER W W INC 24,563 $25.5M Reduce -3.3% WH Wyndham Hotels & Resorts Inc. 283,610 $22.2M Add +1.0% ADBE Adobe Inc. 42,530 $22.0M Add +7.3% NKE Nike Inc. Class B 229,384 $20.3M Add +53.5% NDAQ Nasdaq Inc. 223,751 $16.3M Reduce -6.3% QCOM Qualcomm Inc. 80,350 $13.7M Add +8.8% FCX Freeport-McMoran Inc. 269,000 $13.4M No change TCOM Trip.com Group Ltd.-ADR 210,972 $12.5M Add +32.0% AMZN Amazon.com Inc. 61,460 $11.5M Add +2.8% DOCU Docusign Inc. 176,000 $10.9M Add +76.0% INTEL CORP 452,000 $10.6M No change ENPH Enphase Energy Inc. 89,334 $10.1M Add +18.6% NXPI NXP Semiconductors NV 41,128 $9.9M Reduce -1.2% CNH CNH Industrial NV 886,972 $9.8M Add +4.8% ROP Roper Technologies Inc. 16,375 $9.1M No change UNP Union Pacific Corp. 30,350 $7.5M No change TV Grupo Televisa SA-Spon ADR 2,235,486 $5.7M No change SPGI S&P Global Inc. 8,250 $4.3M Reduce -18.7% NVDA Nvidia Corp. 30,000 $3.6M Reduce -84.3% SNPS Synopsys Inc. 2,505 $1.3M Reduce -68.8% AVGO Broadcom Inc. 6,000 $1.0M New
Other holdings (21): bonds, preferreds, convertibles and warrants · $12.7M (not counted above) Security Class Shares / Principal Value Change GLD SPDR Gold Shares GOLD SHS · principal 11,675 $2.8M Add +12.8% PANW Palo Alto Networks Inc. COM · principal 6,000 $2.1M No change CEF Sprott Physical Gold and Sil PHYSICAL GOLD AN · principal 72,495 $1.8M No change ACN Accenture PLC Class A SHS CLASS A · principal 3,670 $1.3M No change LIN Linde PLC SHS · principal 1,729 $824K Reduce -21.2% BRK.B Berkshire Hathaway Inc. Class B CL B NEW · principal 1,354 $623K Add +59.3% GDX Vaneck Gold Miners ETF GOLD MINERS ETF · principal 10,775 $429K No change DAL Delta Air Lines Inc. COM NEW · principal 8,200 $416K Reduce -3.0% GDXJ Vaneck Junior Gold Miners JUNIOR GOLD MINE · principal 8,125 $397K No change PFE Pfizer Inc. COM · principal 13,657 $395K No change PLTR Palantir Technologies Inc. Class A CL A · principal 10,000 $372K No change JPM JPMorgan Chase & Co. COM · principal 1,655 $349K No change BRSL Brightstar Lottery PLC SHS USD · principal 12,550 $267K No change MRK Merck & Co. Inc. COM · principal 1,950 $221K No change GOOGL Alphabet Inc. Class A CAP STK CL A · principal 1,183 $196K No change JNJ Johnson & Johnson COM · principal 800 $130K No change FNDE Schwab Fndmntl Em MRK Eq ETF FUND EM EQUI ETF · principal 1,515 $49K Reduce -5.3% CSCO Cisco Systems Inc. COM · principal 600 $32K No change EWX State Street SPDR S&P Emergi ST MARKE CAP ETF · principal 445 $28K No change EEM iShares MSCI Emerging Market MSCI EMG MKT ETF · principal 445 $20K No change VNM Vaneck Vietnam ETF VANECK VIETNAM · principal 1,500 $19K No change
Total filed on the 13F, all lines: $2.9B.
Portfolio Sells Q2 2024 → Q3 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 Q2 2024 % Of Portfolio Change To Portfolio ▲ AAPL Apple Inc. Reduce -60.0% 1.77% −2.18 GOOG Alphabet Inc. Class C Reduce -10.3% 6.28% −1.30 APO Apollo Global Management Inc. Reduce -23.1% 5.97% −1.27 AMAT Applied Materials Inc. Reduce -1.8% 4.90% −0.85 APPLE INC Sold out 0.00% −0.83 NVDA Nvidia Corp. Reduce -84.3% 0.12% −0.67 META Meta Platforms Inc. Class A Reduce -30.7% 1.76% −0.45 MSFT Microsoft Corp. Reduce -11.8% 1.23% −0.20 CVX Chevron Corp. Reduce -0.3% 3.47% −0.18 SNPS Synopsys Inc. Reduce -68.8% 0.04% −0.12 NXPI NXP Semiconductors NV Reduce -1.2% 0.34% −0.04 SPGI S&P Global Inc. Reduce -18.7% 0.15% −0.01 EA Electronic Arts Inc. Reduce -1.5% 1.23% +0.03 NDAQ Nasdaq Inc. Reduce -6.3% 0.56% +0.07 GWW WW Grainger Inc. Reduce -3.3% 0.87% +0.10 BX Blackstone Inc. Reduce -10.5% 2.02% +0.22 UNH Unitedhealth Group Inc. Reduce -10.4% 5.88% +0.24 AON Aon PLC Class A Reduce -3.6% 1.86% +0.24 ORCL Oracle Corp. Reduce -12.6% 5.68% +0.37
Portfolio Buys Q2 2024 → Q3 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 Q2 2024 % Of Portfolio Change To Portfolio ▼ BABA Alibaba Group Holding-SP ADR Add +4.1% 2.83% +1.01 TMUS T-Mobile US Inc. Add +27.1% 2.26% +0.76 CMCSA Comcast Corp. Class A Add +4.3% 5.08% +0.58 LVS Las Vegas Sands Corp. Add +10.9% 2.57% +0.56 CRM Salesforce Inc. Add +52.1% 1.39% +0.54 AER Aercap Holdings NV Add +15.7% 3.30% +0.53 VIPS Vipshop Holdings Ltd. - ADR Add +6.8% 2.18% +0.51 LH Labcorp Holdings Inc. Add +5.3% 2.67% +0.39 FISV Fiserv Inc. Add +0.8% 1.94% +0.36 DE Deere & Co. Add +11.6% 1.59% +0.33 NKE Nike Inc. Class B Add +53.5% 0.69% +0.31 DOCU Docusign Inc. Add +76.0% 0.37% +0.19 V Visa Inc. Class A Add +0.4% 3.06% +0.19 TCOM Trip.com Group Ltd.-ADR Add +32.0% 0.43% +0.17 TNL Travel + Leisure Co. Add +1.3% 2.97% +0.15 XOM Exxon Mobil Corp. Add +0.5% 2.59% +0.09 ENPH Enphase Energy Inc. Add +18.6% 0.34% +0.09 ZBH Zimmer Biomet Holdings Inc. Add +6.9% 1.22% +0.09 TTWO Take-Two Interactive Softwre Add +5.5% 1.39% +0.08 DIS The Walt Disney Co. Add +10.3% 0.92% +0.07 NFLX Netflix Inc. Add +0.1% 0.93% +0.06 WH Wyndham Hotels & Resorts Inc. Add +1.0% 0.76% +0.06 CNH CNH Industrial NV Add +4.8% 0.34% +0.05 AVGO Broadcom Inc. New 0.04% +0.04 SCHW Schwab (charles) Corp. Add +13.0% 3.88% +0.03 ADBE Adobe Inc. Add +7.3% 0.75% +0.01 AMZN Amazon.com Inc. Add +2.8% 0.39% +0.00 ABNB Airbnb Inc. Class A Add +16.9% 1.30% −0.01 QCOM Qualcomm Inc. Add +8.8% 0.47% −0.03 INTC Intel Corp. Add +13.9% 3.70% −0.53
Notes & Other Activity Q2 2024 → Q3 2024 Security Class Change vs Q2 2024 Shares / Principal Value ▼ GLD SPDR Gold Shares GOLD SHS · principal Add +12.8% 11,675 $2.8M LIN Linde PLC SHS · principal Reduce -21.2% 1,729 $824K BRK.B Berkshire Hathaway Inc. Class B CL B NEW · principal Add +59.3% 1,354 $623K DAL Delta Air Lines Inc. COM NEW · principal Reduce -3.0% 8,200 $416K SPY SS SPDR S&P 500 ETF Trust-US TR UNIT · principal Sold out 170 $93Kbefore exit FNDE Schwab Fndmntl Em MRK Eq ETF FUND EM EQUI ETF · principal Reduce -5.3% 1,515 $49K
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