In its 13F for Q4 2024 (holdings as of December 31, 2024, filed August 7, 2026), CapitalatWork S.A. reported 55 stock positions worth $3.1 billion . Its top holding was Alphabet Class C (GOOG) at 6.7% of the portfolio, followed by Apollo Global Management (APO, 6.6% ) and Oracle (ORCL, 4.9% ). Compared with Q3 2024, it opened 3 new positions, sold out of 3, added to 27 and reduced 20. The biggest buy was a new position in BlackRock (BLK) and the biggest sale Unitedhealth (UNH, shares −8% ).
Location AUDERGHEM, C9
CIK 0002135126
Portfolio Value $3.1B (Q4 2024) Holdings 55 stocks · $3.1B 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 Q3 2024 GOOG Alphabet Inc. Class C 1,081,441 $205.9M Reduce -1.8% APO Apollo Global Management Inc. 1,223,847 $202.1M Reduce -12.7% ORCL Oracle Corp. 897,610 $149.6M Reduce -8.1% UNH Unitedhealth Group Inc. 271,417 $137.3M Reduce -7.9% CMCSA Comcast Corp. Class A 3,554,181 $133.4M Reduce -0.3% SCHW Schwab (charles) Corp. 1,740,259 $128.8M Reduce -0.8% AMAT Applied Materials Inc. 756,148 $123.0M Add +6.3% BLK BlackRock Inc. 113,254 $116.1M New V Visa Inc. Class A 320,892 $101.4M Reduce -1.6% INTC Intel Corp. 5,034,523 $100.9M Add +8.9% AER Aercap Holdings NV 1,041,868 $99.7M Add +2.2% CVX Chevron Corp. 663,216 $96.1M Reduce -3.9% TNL Travel + Leisure Co. 1,888,796 $95.3M Reduce -0.1% LH Labcorp Holdings Inc. 365,681 $83.9M Add +4.5% LVS Las Vegas Sands Corp. 1,498,297 $77.0M Add +0.1% TMUS T-Mobile US Inc. 341,377 $75.4M Add +6.4% XOM Exxon Mobil Corp. 633,293 $68.1M Reduce -2.3% BABA Alibaba Group Holding-SP ADR 782,034 $66.3M Add +0.2% FISV Fiserv Inc. 316,193 $65.0M Add +0.2% BX Blackstone Inc. 340,697 $58.7M Reduce -12.1% AON Aon PLC Class A 156,947 $56.4M Reduce -0.2% VIPS Vipshop Holdings Ltd. - ADR 4,102,800 $55.3M Add +0.9% TTWO Take-Two Interactive Softwre 294,420 $54.2M Add +10.8% CRM Salesforce Inc. 159,926 $53.5M Add +7.4% META Meta Platforms Inc. Class A 87,815 $51.4M Reduce -2.5% DE Deere & Co. 112,607 $47.7M Add +0.7% ABNB Airbnb Inc. Class A 359,607 $47.3M Add +19.3% EA Electronic Arts Inc. 277,950 $40.7M Add +10.2% AAPL Apple Inc. 147,327 $36.9M Reduce -34.0% ZBH Zimmer Biomet Holdings Inc. 335,887 $35.5M Add +1.2% NFLX Netflix Inc. 38,350 $34.2M Reduce -0.2% MSFT Microsoft Corp. 79,709 $33.6M Reduce -4.5% DIS The Walt Disney Co. filed as DISNEY WALT CO 280,976 $31.3M Add +0.5% ICE Intercontinental Exchange Inc. 207,800 $31.0M Add +16.7% ADBE Adobe Inc. 64,900 $28.9M Add +52.6% WH Wyndham Hotels & Resorts Inc. 285,010 $28.7M Add +0.5% COMCAST CORP NEW 668,000 $25.1M No change GWW WW Grainger Inc. filed as GRAINGER W W INC 21,915 $23.1M Reduce -10.8% AMD Advanced Micro Devices 156,350 $18.9M New NKE Nike Inc. Class B 230,384 $17.4M Add +0.4% NDAQ Nasdaq Inc. 224,076 $17.3M Add +0.1% DOCU Docusign Inc. 177,000 $15.9M Add +0.6% TCOM Trip.com Group Ltd.-ADR 216,172 $14.8M Add +2.5% AMZN Amazon.com Inc. 60,700 $13.3M Reduce -1.2% FCX Freeport-McMoran Inc. 313,500 $11.9M Add +16.5% INTEL CORP 552,000 $11.1M Add +22.1% CNH CNH Industrial NV 823,000 $9.3M Reduce -7.2% ENPH Enphase Energy Inc. 131,000 $9.0M Add +46.6% ROP Roper Technologies Inc. 16,575 $8.6M Add +1.2% QCOM Qualcomm Inc. 51,600 $7.9M Reduce -35.8% NVIDIA CORPORATION 55,000 $7.4M New UNP Union Pacific Corp. 30,350 $6.9M No change SPGI S&P Global Inc. 8,250 $4.1M No change TV Grupo Televisa SA-Spon ADR 2,235,486 $3.8M No change SNPS Synopsys Inc. 2,505 $1.2M No change
Other holdings (25): bonds, preferreds, convertibles and warrants · $16.1M (not counted above) Security Class Shares / Principal Value Change NVDA Nvidia Corp. COM · principal 31,500 $4.2M New GLD SPDR Gold Shares GOLD SHS · principal 10,650 $2.6M Reduce -8.8% PANW Palo Alto Networks Inc. COM · principal 7,950 $1.4M Reduce -33.8% CEF Sprott Physical Gold and Sil PHYSICAL GOLD AN · principal 56,555 $1.3M Reduce -22.0% ACN Accenture PLC Class A SHS CLASS A · principal 3,670 $1.3M No change PLTR Palantir Technologies Inc. Class A CL A · principal 10,000 $756K No change LIN Linde PLC SHS · principal 1,729 $724K No change BRK.B Berkshire Hathaway Inc. Class B CL B NEW · principal 1,286 $583K Reduce -5.0% DAL Delta Air Lines Inc. COM NEW · principal 8,200 $496K No change NVO Novo-Nordisk A/S-Spons ADR ADR · principal 5,000 $430K New JPM JPMorgan Chase & Co. COM · principal 1,655 $397K No change PFE Pfizer Inc. COM · principal 13,657 $362K No change GOOGL Alphabet Inc. Class A CAP STK CL A · principal 1,183 $224K No change BRSL Brightstar Lottery PLC SHS USD · principal 12,550 $222K No change NXPI NXP Semiconductors NV COM · principal 1,028 $214K New MRK Merck & Co. Inc. COM · principal 1,950 $194K No change GDXJ Vaneck Junior Gold Miners JUNIOR GOLD MINE · principal 3,305 $141K Reduce -59.3% GDX Vaneck Gold Miners ETF GOLD MINERS ETF · principal 4,055 $138K Reduce -62.4% JNJ Johnson & Johnson COM · principal 800 $116K No change AMGN Amgen Inc. COM · principal 375 $98K New CSCO Cisco Systems Inc. COM · principal 600 $36K No change EWX State Street SPDR S&P Emergi ST MARKE CAP ETF · principal 445 $26K No change FNDE Schwab Fndmntl Em MRK Eq ETF FUND EM EQUI ETF · principal 795 $23K Reduce -47.5% EEM iShares MSCI Emerging Market MSCI EMG MKT ETF · principal 445 $19K No change VNM Vaneck Vietnam ETF VANECK VIETNAM · principal 1,500 $17K No change
Total filed on the 13F, all lines: $3.1B.
Portfolio Sells Q3 2024 → Q4 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 Q3 2024 % Of Portfolio Change To Portfolio ▲ UNH Unitedhealth Group Inc. Reduce -7.9% 4.46% −1.42 ORCL Oracle Corp. Reduce -8.1% 4.86% −0.82 CMCSA Comcast Corp. Class A Reduce -0.3% 4.33% −0.74 AAPL Apple Inc. Reduce -34.0% 1.20% −0.58 XOM Exxon Mobil Corp. Reduce -2.3% 2.21% −0.38 CVX Chevron Corp. Reduce -3.9% 3.12% −0.35 NXPI NXP Semiconductors NV Sold out 0.00% −0.34 QCOM Qualcomm Inc. Reduce -35.8% 0.26% −0.21 MSFT Microsoft Corp. Reduce -4.5% 1.09% −0.13 NVDA Nvidia Corp. Sold out 0.00% −0.12 GWW WW Grainger Inc. Reduce -10.8% 0.75% −0.12 BX Blackstone Inc. Reduce -12.1% 1.91% −0.12 META Meta Platforms Inc. Class A Reduce -2.5% 1.67% −0.09 AVGO Broadcom Inc. Sold out 0.00% −0.04 CNH CNH Industrial NV Reduce -7.2% 0.30% −0.03 AON Aon PLC Class A Reduce -0.2% 1.83% −0.03 AMZN Amazon.com Inc. Reduce -1.2% 0.43% +0.04 TNL Travel + Leisure Co. Reduce -0.1% 3.10% +0.12 NFLX Netflix Inc. Reduce -0.2% 1.11% +0.18 V Visa Inc. Class A Reduce -1.6% 3.30% +0.24 SCHW Schwab (charles) Corp. Reduce -0.8% 4.19% +0.30 GOOG Alphabet Inc. Class C Reduce -1.8% 6.69% +0.41 APO Apollo Global Management Inc. Reduce -12.7% 6.57% +0.60
Portfolio Buys Q3 2024 → Q4 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 Q3 2024 % Of Portfolio Change To Portfolio ▼ BLK BlackRock Inc. New 3.77% +3.77 AMD Advanced Micro Devices New 0.61% +0.61 TTWO Take-Two Interactive Softwre Add +10.8% 1.76% +0.37 CRM Salesforce Inc. Add +7.4% 1.74% +0.35 NVIDIA CORPORATION New 0.24% +0.24 ABNB Airbnb Inc. Class A Add +19.3% 1.54% +0.23 TMUS T-Mobile US Inc. Add +6.4% 2.45% +0.19 ADBE Adobe Inc. Add +52.6% 0.94% +0.19 WH Wyndham Hotels & Resorts Inc. Add +0.5% 0.93% +0.18 FISV Fiserv Inc. Add +0.2% 2.11% +0.18 DOCU Docusign Inc. Add +0.6% 0.52% +0.14 DIS The Walt Disney Co. Add +0.5% 1.02% +0.10 EA Electronic Arts Inc. Add +10.2% 1.32% +0.09 LH Labcorp Holdings Inc. Add +4.5% 2.73% +0.06 TCOM Trip.com Group Ltd.-ADR Add +2.5% 0.48% +0.05 ICE Intercontinental Exchange Inc. Add +16.7% 1.01% +0.03 NDAQ Nasdaq Inc. Add +0.1% 0.56% +0.01 INTEL CORP Add +22.1% 0.36% −0.00 ROP Roper Technologies Inc. Add +1.2% 0.28% −0.03 DE Deere & Co. Add +0.7% 1.55% −0.04 ENPH Enphase Energy Inc. Add +46.6% 0.29% −0.05 AER Aercap Holdings NV Add +2.2% 3.24% −0.06 ZBH Zimmer Biomet Holdings Inc. Add +1.2% 1.15% −0.07 FCX Freeport-McMoran Inc. Add +16.5% 0.39% −0.07 LVS Las Vegas Sands Corp. Add +0.1% 2.50% −0.07 NKE Nike Inc. Class B Add +0.4% 0.57% −0.13 VIPS Vipshop Holdings Ltd. - ADR Add +0.9% 1.80% −0.39 INTC Intel Corp. Add +8.9% 3.28% −0.42 BABA Alibaba Group Holding-SP ADR Add +0.2% 2.15% −0.67 AMAT Applied Materials Inc. Add +6.3% 4.00% −0.91
Notes & Other Activity Q3 2024 → Q4 2024 Security Class Change vs Q3 2024 Shares / Principal Value ▼ NVDA Nvidia Corp. COM · principal New 31,500 $4.2M GLD SPDR Gold Shares GOLD SHS · principal Reduce -8.8% 10,650 $2.6M PANW Palo Alto Networks Inc. COM · principal Reduce -33.8% 7,950 $1.4M CEF Sprott Physical Gold and Sil PHYSICAL GOLD AN · principal Reduce -22.0% 56,555 $1.3M BRK.B Berkshire Hathaway Inc. Class B CL B NEW · principal Reduce -5.0% 1,286 $583K NVO Novo-Nordisk A/S-Spons ADR ADR · principal New 5,000 $430K NXPI NXP Semiconductors NV COM · principal New 1,028 $214K GDXJ Vaneck Junior Gold Miners JUNIOR GOLD MINE · principal Reduce -59.3% 3,305 $141K GDX Vaneck Gold Miners ETF GOLD MINERS ETF · principal Reduce -62.4% 4,055 $138K AMGN Amgen Inc. COM · principal New 375 $98K FNDE Schwab Fndmntl Em MRK Eq ETF FUND EM EQUI ETF · principal Reduce -47.5% 795 $23K
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