Itau Unibanco Holding S.A.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Itau Unibanco Holding S.A. reported 361 stock positions worth $3.2 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 15.9% of the portfolio, followed by Credicorp (BAP, 9.1%) and Petroleo Brasileiro-Spon ADR (PBR, 7.6%). Compared with Q3 2024, it opened 115 new positions, sold out of 77, added to 148 and reduced 92. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +97%) and the biggest sale an exit from iShares 10-20 Year Treasury (TLH).

Most Recent 13F
Q2 2026
Location
SAO PAULO, D5
CIK
0001132597
Portfolio Value
$3.2B (Q4 2024)
SEC Filing
0001104659-25-014290 ↗ filed Feb 14, 2025

Holdings Value

0$2.0B$4.0B$6.0B Q1 2024: $2.3B Q1 2024 Q2 2024: $2.4B Q2 2024 Q3 2024: $3.0B Q3 2024 Q4 2024: $3.2B $3.2B Q4 2024 Q1 2025: $2.6B Q1 2025 Q2 2025: $2.6B Q2 2025 Q3 2025: $2.9B Q3 2025 Q4 2025: $4.1B Q4 2025 Q1 2026: $4.2B Q1 2026 Q2 2026: $5.1B Q2 2026

Holdings 361 stocks · $3.2B
SPY SS SPDR S&P 500 ETF Trust-US 15.86% 867,765 $508.2M Add +96.6%
BAP Credicorp Ltd. 9.08% 1,716,777 $290.9M Add +243.8%
PBR Petroleo Brasileiro-Spon ADR 7.59% 19,098,366 $243.3M Add +432.0%
VOO Vanguard S&P 500 ETF 6.09% 361,945 $195.0M Reduce -5.8%
PBR.A Petroleo Brasil-SP Pref ADR 4.75% 13,007,619 $152.1M Add +10.4%
AMOV America Movil-SPN ADR Class L 4.05% 6,254,732 $129.8M Add +5514.7%
NVDA Nvidia Corp. 2.82% 673,564 $90.5M Add +83.3%
ITUB Itau Unibanco H-Spon PRF ADR 2.71% 17,518,732 $86.9M Reduce -19.0%
MSFT Microsoft Corp. 2.53% 192,081 $81.1M Add +13.4%
AMZN Amazon.com Inc. 2.52% 365,875 $80.6M Add +25.9%
EWJ iShares MSCI Japan ETF 2.03% 1,054,475 $65.0M Add +35.7%
BBD Banco Bradesco-ADR 1.96% 33,105,610 $62.9M Reduce -12.0%
META Meta Platforms Inc. Class A 1.79% 99,358 $57.3M Reduce -15.9%
XLF SS Financial Select Sector 1.57% 1,043,961 $50.4M Reduce -40.9%
TSM Taiwan Semiconductor-SP ADR 1.53% 247,678 $49.0M Reduce -69.5%
FMX Fomento Economico Mex-SP ADR 1.44% 541,396 $46.3M Reduce -32.5%
SUZ Suzano SA - Spon ADR 1.33% 3,680,057 $42.7M Add +465.3%
KO The Coca-Cola Co. 1.31% 678,994 $42.1M Add +1696.4%
VALE Vale SA-SP ADR 1.30% 4,701,934 $41.6M Reduce -61.0%
SCCO Southern Copper Corp. 1.26% 533,640 $40.5M Add +58.6%
BANCOLOMBIA S.A.-SPONS ADR 1.05% 787,079 $33.6M New
GLOB Globant SA 0.99% 124,189 $31.7M New
PAC Grupo Aeroportuario Pac-ADR 0.95% 174,266 $30.5M Add +31.0%
GOOGL Alphabet Inc. Class A 0.89% 162,446 $28.5M Add +59.8%
IWM iShares Russell 2000 ETF 0.86% 124,950 $27.6M New
NFLX Netflix Inc. 0.85% 30,455 $27.2M Add +18.8%
TIMB Tim SA-ADR 0.80% 1,769,904 $25.6M Add +64.9%
EMBJ Embraer SA-Spon ADR 0.79% 690,108 $25.3M Reduce -38.0%
PSR Invesco Active US Real Estat 0.77% 48,490 $24.8M New
AAPL Apple Inc. 0.75% 96,239 $24.1M Add +2388.7%
BABA Alibaba Group Holding-SP ADR 0.69% 260,860 $22.1M Add +521.1%
MELI MercadoLibre Inc. 0.67% 12,559 $21.4M Reduce -58.3%
ACWX iShares MSCI Acwi Ex US ETF 0.64% 394,613 $20.6M Reduce -0.2%
TV Grupo Televisa SA-Spon ADR 0.64% 1,749,042 $20.4M Add +13477.4%
AVGO Broadcom Inc. 0.57% 78,870 $18.3M Reduce -21.9%
NOW ServiceNow Inc. 0.56% 16,964 $18.0M Add +1.0%
CRWD CrowdStrike Holdings Inc. Class A 0.55% 51,201 $17.5M Reduce -8.9%
XLC SS Comm Select Sector SPDR 0.54% 180,210 $17.5M Add +29.9%
EEM iShares MSCI Emerging Market 0.53% 408,951 $17.1M Add +55.3%
MRSH Marsh & McLennan Cos 0.50% 75,000 $15.9M New
XRT SS SPDR S&P Retail ETF 0.48% 194,122 $15.5M New
GGAL Grupo Financiero Galicia-ADR 0.43% 221,004 $13.8M Add +402.3%
PFE Pfizer Inc. 0.42% 501,720 $13.3M New
EFA iShares MSCI Eafe ETF 0.38% 163,200 $12.3M New
AMAT Applied Materials Inc. 0.38% 75,645 $12.3M New
XP XP Inc. Class A 0.36% 389,892 $11.6M Reduce -33.2%
XLB SS Materials Select Sector 0.35% 134,700 $11.3M Add +1848.8%
XLY SS Consumer Disc Select Sect 0.35% 49,764 $11.2M Reduce -27.0%
BA The Boeing Co. 0.33% 59,574 $10.5M New
XLE SS Energy Select Sector 0.30% 113,739 $9.7M New
VIST Vista Energy Sab DE CV 0.30% 175,170 $9.5M Add +165.4%
YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA 0.27% 206,779 $8.8M Reduce -3.4%
CSANY Cosan SA -ADR 0.24% 1,452,659 $7.7M Add +28.3%
CX Cemex Sab-Spons ADR Part Cer 0.24% 1,356,269 $7.7M Reduce -57.6%
DVMT Dell Technologies Inc. Class V 0.22% 60,051 $6.9M Add +43.1%
BKR Baker Hughes Co. 0.21% 164,861 $6.8M New
NEE Nextera Energy Inc. 0.20% 91,748 $6.6M Reduce -6.5%
PYPL PayPal Holdings Inc. 0.19% 71,575 $6.1M Add +5899.6%
BBY Best Buy Co. Inc. 0.19% 71,109 $6.1M Reduce -57.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.19% 137,197 $6.0M New
GGB Gerdau SA -Spon ADR 0.17% 1,855,000 $5.4M Reduce -35.8%
XLK SS Technology Select Sector 0.17% 22,800 $5.3M Reduce -52.5%
SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI 0.16% 356,765 $5.1M Add +33.5%
CCL Carnival Corp. 0.16% 205,170 $5.1M New
RACE Ferrari NV 0.15% 11,600 $5.0M Add +34.9%
BCH Banco DE Chile-ADR 0.15% 213,773 $4.8M Add +105.4%
ABEV Ambev SA-ADR 0.14% 2,454,174 $4.5M Add +83.8%
BURL Burlington Stores Inc. 0.13% 15,128 $4.3M Add +27.4%
IVE iShares S&P 500 Value ETF 0.13% 22,230 $4.2M New
TDG Transdigm Group Inc. 0.13% 3,284 $4.2M Add +89.7%
RSP Invesco S&P 500 Equal Weight 0.13% 23,200 $4.1M New
DBA Invesco DB Agriculture Fund 0.12% 146,200 $3.9M Reduce -11.3%
CEG Constellation Energy 0.12% 16,985 $3.8M Reduce -5.9%
BSAC Banco Santander-Chile-ADR 0.11% 195,185 $3.7M Reduce -34.3%
ULTA Ulta Beauty Inc. 0.11% 8,294 $3.6M New
VIV Telefonica Brasil-ADR 0.10% 435,700 $3.3M Reduce -25.0%
LVS Las Vegas Sands Corp. 0.10% 63,808 $3.3M New
COST Costco Wholesale Corp. 0.10% 3,483 $3.2M Add +13.4%
ASR Grupo Aeroportuario Sur-ADR 0.10% 12,311 $3.2M Reduce -85.6%
FLJP Franklin Ftse Japan ETF 0.09% 104,911 $3.0M New
ARGT Global X MSCI Argentina ETF 0.09% 34,823 $2.9M New
SPGI S&P Global Inc. 0.09% 5,711 $2.8M New
CIG Cia Energetica DE-Spon ADR 0.08% 1,487,314 $2.6M No change
GEV GE Vernova Inc. 0.08% 8,000 $2.6M New
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 0.08% 27,020 $2.6M New
INTC Intel Corp. 0.08% 126,160 $2.5M Reduce -54.3%
BKNG Booking Holdings Inc. 0.08% 502 $2.5M Reduce -60.5%
ORCL Oracle Corp. 0.08% 14,994 $2.5M Add +12.6%
XOP SS SPDR S&P Og Exp & Prod 0.08% 18,600 $2.4M Reduce -87.6%
ETN Eaton Corp. PLC 0.07% 6,681 $2.2M Reduce -43.6%
BSBR Banco Santander Brasil-ADS 0.06% 251,400 $1.9M New
NDAQ Nasdaq Inc. 0.06% 25,000 $1.9M New
CLX Clorox Company 0.06% 11,825 $1.9M New
AZN Astrazeneca PLC-Spons ADR 0.06% 28,361 $1.9M Add +74.1%
HOOD Robinhood Markets Inc. Class A 0.06% 47,972 $1.8M Add +1907.2%
CRM Salesforce Inc. 0.06% 5,448 $1.8M New
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.05% 13,864 $1.7M New
PEG Public Service Enterprise GP 0.05% 19,884 $1.7M Reduce -21.7%
ABBV Abbvie Inc. 0.05% 8,821 $1.6M Reduce -23.2%
PAM Pampa Energia SA-Spon ADR 0.05% 17,486 $1.5M New
PONY Pony AI Inc. 0.05% 100,000 $1.5M New
IBKR Interactive Brokers Gro Class A 0.05% 8,463 $1.5M Reduce -29.4%
PROCF Sofgen Pharma SA filed as PROCAPS GROUP SA 0.05% 177,974 $1.5M New
GOVT iShares US Treasury Bond ETF 0.05% 60,428 $1.5M Reduce -98.7%
HWM Howmet Aerospace Inc. 0.04% 12,977 $1.4M Add +350.6%
V Visa Inc. Class A 0.04% 4,379 $1.4M Reduce -41.2%
MU Micron Technology Inc. 0.04% 14,255 $1.2M Add +4056.0%
XBI SS SPDR S&P Biotech ETF 0.04% 13,022 $1.2M New
EA Electronic Arts Inc. 0.04% 7,757 $1.1M Add +2.9%
BWXT BWX Technologies Inc. 0.04% 10,000 $1.1M New
USO United States Oil Fund 0.03% 14,600 $1.1M Reduce -89.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.03% 9,879 $1.1M Add +193.6%
NTRA Natera Inc. 0.03% 6,830 $1.1M New
ARES Ares Management Corp. Class A 0.03% 6,044 $1.1M Reduce -65.3%
QMCO Quantum Corp. 0.03% 56,000 $1.0M New
UNP Union Pacific Corp. 0.03% 4,442 $1.0M Add +1790.2%
TER Teradyne Inc. 0.03% 7,900 $1.0M New
THC Tenet Healthcare Corp. 0.03% 7,941 $996K New
HESM Hess Midstream Operations LP 0.03% 7,604 $994K Add +122.3%
EPI Wisdomtree India Earnings 0.03% 22,000 $992K New
TSLX TPG Specialty Lending Inc. 0.03% 15,566 $987K Add +402.0%
MTTR Matterport Inc. 0.03% 207,733 $983K Reduce -38.3%
OWL Blue Owl Capital Inc. 0.03% 40,510 $948K New
IYR iShares US Real Estate ETF 0.03% 9,665 $893K Reduce -27.7%
TECK Teck Resources Ltd.-CLS B 0.03% 20,679 $834K Add +42.4%
FSLR First Solar Inc. 0.03% 4,686 $834K Reduce -75.5%
CP Canadian Pacific Kansas City 0.03% 11,175 $804K New
VGK Vanguard Ftse Europe ETF 0.02% 12,223 $776K Reduce -98.7%
TOST Toast Inc. Class A 0.02% 21,000 $774K New
NEM Newmont Corp. 0.02% 20,287 $753K Reduce -17.1%
COIN Coinbase Global Inc. Class A 0.02% 2,891 $716K Add +48.9%
COHR Coherent Inc. 0.02% 7,200 $683K Reduce -20.1%
ICE Intercontinental Exchange Inc. 0.02% 4,490 $671K Reduce -36.6%
EPAM Epam Systems Inc. 0.02% 2,780 $652K New
MRVL Marvell Technology Group Ltd. 0.02% 5,800 $648K New
COMPANHIA PARANAENSE ENERG C 0.02% 107,450 $638K New
STX Seagate Technology Ulc 0.02% 7,181 $621K Add +72.8%
EVR Evercore Inc. Class A 0.02% 2,200 $611K New
ON SEMICONDUCTOR CORP (ON 1 12/01/20) 0.02% 9,500 $603K New
INFY Infosys Ltd.-SP ADR 0.02% 26,177 $575K Reduce -13.3%
SONY Sony Group Corp. - SP ADR 0.02% 27,080 $574K No change
ZM Zoom Communications Inc. 0.02% 6,737 $550K Reduce -5.4%
AFB Allianceberstein NTL Muni 0.02% 13,600 $496K New
GMF State Street SPDR S&P Emergi 0.01% 4,000 $465K New
OMAB Grupo Aeroportuario Cen-ADR 0.01% 6,690 $462K New
HON Honeywell International Inc. 0.01% 2,000 $453K Reduce -90.9%
MA Mastercard Inc. Class A 0.01% 860 $453K Add +338.8%
SOXX iShares Semiconductor ETF 0.01% 2,000 $435K New
IESC Ies Holdings Inc. filed as IES HLDGS INC 0.01% 2,100 $427K New
TLN Talen Energy Corp. 0.01% 2,099 $423K New
PAVE Global X US Infrastructure 0.01% 10,310 $417K New
VST Vistra Corp. 0.01% 3,017 $416K New
EPP iShares MSCI Pacific Ex Japa 0.01% 9,050 $397K New
BAH Booz Allen Hamilton Holdings 0.01% 3,000 $385K New
ERO Ero Copper Corp. 0.01% 27,430 $365K No change
HDB HDFC Bank Ltd.-ADR 0.01% 5,720 $351K New
BKCC BlackRock Capital Investment 0.01% 320 $329K New
ZTO Zto Express Cayman Inc.-ADR 0.01% 12,700 $318K New
JNJ Johnson & Johnson 0.01% 2,198 $316K Reduce -38.6%
AMSC American Superconductor Corp. 0.01% 12,447 $314K New
PRGO Perrigo Co. PLC 0.01% 12,030 $304K Reduce -43.5%
TFC Truist Financial Corp. 0.01% 7,000 $304K New
METV Roundhill Ball Metaverse ETF 0.01% 20,200 $291K Reduce -16.5%
KEY Keycorp 0.01% 17,000 $291K New
MCHI iShares MSCI China ETF 0.01% 5,400 $253K New
SE Sea Ltd.-ADR 0.01% 2,160 $228K No change
RPD RAPID7 Inc. 0.01% 5,500 $225K New
JD Jd.com Inc.-ADR 0.01% 3,800 $220K Reduce -96.8%
RBLX Roblox Corp. Class A 0.01% 3,740 $218K Reduce -64.9%
KRE SS SPDR S&P Regional Bank 0.01% 3,552 $214K Reduce -94.6%
NTES Netease Inc.-ADR 0.01% 2,360 $212K New
KBE SS SPDR S&P Bank ETF 0.01% 3,782 $210K New
AXP American Express Co. 0.01% 700 $208K Add +400.0%
MCY Mercury General Corp. 0.01% 3,000 $200K New
BX Blackstone Inc. 0.01% 1,101 $190K Reduce -90.7%
BE Bloom Energy Corp. Class A 0.01% 8,533 $190K Add +1.8%
ADBE Adobe Inc. 0.01% 426 $189K New
MTB M & T Bank Corp. filed as M & T BK CORP 0.01% 1,000 $189K New
KLIC Kulicke & Soffa Industries 0.01% 4,000 $186K New
NICE Nice Ltd. - Spon ADR 0.01% 1,012 $173K New
LIN Linde PLC 0.01% 404 $169K Reduce -12.6%
ADP Automatic Data Processing 0.01% 572 $167K Add +508.5%
PLTR Palantir Technologies Inc. Class A 0.00% 1,993 $151K Add +500.3%
PGR Progressive Corp. 0.00% 604 $145K New
QCOM Qualcomm Inc. 0.00% 925 $142K Add +109.3%
PANW Palo Alto Networks Inc. 0.00% 739 $134K Add +334.7%
ASML ASML Holding NV-NY Reg SHS 0.00% 190 $127K Add +265.4%
SHG Shinhan Financial Group-ADR 0.00% 3,799 $125K New
SBSW Sibanye-Stillwater Ltd.-ADR 0.00% 7,560 $123K New
USB US Bancorp 0.00% 2,500 $121K New
SNPS Synopsys Inc. 0.00% 246 $119K New
EMR Emerson Electric Co. 0.00% 902 $112K New
KIO KKR Income Opportunities 0.00% 752 $111K New
REGN Regeneron Pharmaceuticals 0.00% 153 $109K Add +77.9%
MS Morgan Stanley 0.00% 862 $108K New
GTLS Chart Industries Inc. 0.00% 564 $108K Reduce -10.6%
L Loews Corp. 0.00% 434 $107K Add +387.6%
EQIX Equinix Inc. 0.00% 112 $106K Add +25.8%
PLUG Plug Power Inc. 0.00% 47,518 $101K Add +21.0%
APP AppLovin Corp. Class A 0.00% 308 $100K Add +633.3%
FTNT Fortinet Inc. 0.00% 1,025 $97K Add +621.8%
LRCX Lam Research Corp. 0.00% 1,323 $96K Add +356.2%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.00% 793 $93K Add +1016.9%
ISRG Intuitive Surgical Inc. 0.00% 178 $93K Add +2.3%
APD Air Products & Chemicals Inc. 0.00% 305 $88K Reduce -24.1%
WM Waste Management Inc. 0.00% 418 $84K Add +13.3%
BLDP Ballard Power Systems Inc. 0.00% 49,511 $82K Add +44.1%
MCK McKesson Corp. 0.00% 144 $82K Add +350.0%
AMP Ameriprise Financial Inc. 0.00% 144 $77K Add +476.0%
FTI Technipfmc PLC 0.00% 2,606 $75K Reduce -1.2%
GILD Gilead Sciences Inc. 0.00% 809 $74K Reduce -55.2%
MO Altria Group Inc. 0.00% 1,408 $74K Add +239.3%
OLN Olin Corp. 0.00% 2,146 $73K Add +20.2%
CMI Cummins Inc. 0.00% 207 $72K Reduce -14.8%
CTAS Cintas Corp. 0.00% 383 $70K Add +431.9%
JCI Johnson Controls Internation 0.00% 875 $69K Add +278.8%
WOR Worthington Enterprises Inc. 0.00% 1,696 $68K Add +41.9%
SHEL Shell PLC-ADR 0.00% 1,077 $67K Add +11.5%
HPE Hewlett Packard Enterprise 0.00% 3,048 $65K Reduce -2.6%
MDLZ Mondelez International Inc. Class A 0.00% 1,086 $65K New
INGERSOLL-RAND PLC 0.00% 715 $65K Reduce -7.5%
EOG EOG Resources Inc. 0.00% 507 $62K New
DASH DoorDash Inc. Class A 0.00% 370 $62K Reduce -95.8%
WLK Westlake Corp. 0.00% 537 $62K Add +18.5%
ADSK Autodesk Inc. 0.00% 207 $61K Add +381.4%
ORLY O'reilly Automotive Inc. 0.00% 51 $60K Add +410.0%
CC The Chemours Co. 0.00% 3,554 $60K Add +39.3%
PAYX Paychex Inc. 0.00% 409 $57K Add +381.2%
ALL Allstate Corp. 0.00% 296 $57K New
KLAC KLA Corp. 0.00% 90 $57K Add +200.0%
FICO Fair Isaac Corp. 0.00% 28 $56K Add +600.0%
MET Metlife Inc. 0.00% 676 $55K New
MTD Mettler-Toledo International 0.00% 45 $55K Reduce -16.7%
AZO AutoZone Inc. 0.00% 17 $54K Add +750.0%
HY Hyster-Yale Inc. 0.00% 1,062 $54K Add +10.4%
CPRT Copart Inc. 0.00% 916 $53K Add +340.4%
XEL Xcel Energy Inc. 0.00% 769 $52K New
FOXA Fox Corp. Class A 0.00% 1,018 $49K New
ENPH Enphase Energy Inc. 0.00% 710 $49K Add +6.9%
CCOI Cogent Communications Holdin 0.00% 618 $48K Add +58.9%
SMAR Smartsheet Inc. Class A 0.00% 837 $47K New
RKT Rocket Cos Inc. Class A 0.00% 4,161 $47K New
VRT Vertiv Holdings Co. Class A 0.00% 409 $46K Reduce -98.3%
WBD Warner Bros Discovery Inc. 0.00% 4,358 $46K New
DDOG Datadog Inc. Class A 0.00% 321 $46K Add +417.7%
TTWO Take-Two Interactive Softwre 0.00% 246 $45K Add +41.4%
AKAM Akamai Technologies Inc. 0.00% 469 $45K Add +99.6%
TWLO Twilio Inc. Class A 0.00% 415 $45K Add +12.8%
DOCU Docusign Inc. 0.00% 498 $45K Add +12.4%
JAZZ Jazz Pharmaceuticals PLC 0.00% 362 $45K Reduce -18.5%
GRMN Garmin Ltd. 0.00% 214 $44K Reduce -3.6%
DECK Deckers Outdoor Corp. 0.00% 217 $44K Add +352.1%
FAST Fastenal Co. 0.00% 611 $44K Add +481.9%
PGRE Paramount Group Inc. 0.00% 4,191 $44K Add +144.1%
BMY Bristol-Myers Squibb Co. 0.00% 772 $44K Reduce -28.6%
BMRN Biomarin Pharmaceutical Inc. 0.00% 663 $44K Add +15.7%
EW Edwards Lifesciences Corp. 0.00% 588 $44K Reduce -24.3%
DHI D.R. Horton Inc. 0.00% 311 $43K New
ABT Abbott Laboratories 0.00% 383 $43K New
MRK Merck & Co. Inc. 0.00% 435 $43K Reduce -14.9%
BSX Boston Scientific Corp. 0.00% 483 $43K New
CPNG Coupang Inc. 0.00% 1,955 $43K Add +520.6%
DHR Danaher Corp. 0.00% 186 $43K Reduce -23.8%
LLY Eli Lilly & Co. 0.00% 55 $42K Reduce -40.2%
RSG Republic Services Inc. 0.00% 211 $42K Add +13.4%
ROKU Roku Inc. 0.00% 569 $42K Add +95.5%
BIIB Biogen Inc. 0.00% 276 $42K Add +19.5%
TMO Thermo Fisher Scientific Inc. 0.00% 81 $42K Reduce -25.7%
MRNA Moderna Inc. 0.00% 1,013 $42K Add +51.2%
LPLA LPL Financial Holdings Inc. 0.00% 129 $42K New
SNA Snap-on Inc. 0.00% 3,908 $42K Add +136.7%
WAT Waters Corp. 0.00% 113 $42K Reduce -39.3%
SIRI Sirius XM Holdings Inc. 0.00% 1,838 $42K Add +255.5%
SYK Stryker Corp. 0.00% 116 $42K New
BIO.B Bio-Rad Laboratories Class B 0.00% 127 $42K New
A Agilent Technologies Inc. 0.00% 310 $42K Reduce -26.0%
DFS Discover Financial Services 0.00% 240 $42K Add +352.8%
RVTY Revvity Inc. 0.00% 372 $42K Reduce -37.5%
PODD Insulet Corp. 0.00% 159 $42K New
AME Ametek Inc. 0.00% 159 $41K Reduce -20.5%
INCY Incyte Corp. 0.00% 599 $41K Reduce -38.5%
HPQ HP Inc. 0.00% 1,260 $41K Add +13.9%
BBIO Bridgebio Pharma Inc. 0.00% 1,498 $41K New
HAS Hasbro Inc. 0.00% 733 $41K Add +32.1%
LEN Lennar Corp. Class A 0.00% 299 $41K Add +611.9%
TECH Bio-Techne Corp. 0.00% 565 $41K New
OTIS Otis Worldwide Corp. 0.00% 438 $41K Add +468.8%
ODFL Old Dominion Freight Line 0.00% 229 $40K Add +518.9%
RGEN Repligen Corp. 0.00% 280 $40K New
IONS Ionis Pharmaceuticals Inc. 0.00% 1,151 $40K Add +6.5%
ALNY Alnylam Pharmaceuticals Inc. 0.00% 171 $40K Reduce -44.5%
IT Gartner Inc. 0.00% 83 $40K Add +453.3%
SNOW Snowflake Inc. 0.00% 260 $40K No change
U Unity Software Inc. 0.00% 1,778 $40K Add +150.4%
IDXX Idexx Laboratories Inc. 0.00% 96 $40K Add +540.0%
ILMN Illumina Inc. 0.00% 294 $39K Reduce -37.8%
EXAS Exact Sciences Corp. 0.00% 687 $39K Reduce -17.0%
VEEV Veeva Systems Inc. Class A 0.00% 181 $38K Add +389.2%
RMD Resmed Inc. 0.00% 165 $38K Add +1000.0%
VRTX Vertex Pharmaceuticals Inc. 0.00% 93 $37K Reduce -39.2%
YUM Yum! Brands Inc. 0.00% 279 $37K Add +436.5%
LIT Global X Lithium & Battery T 0.00% 912 $37K No change
CAH Cardinal Health Inc. 0.00% 306 $36K New
CRSP Crispr Therapeutics AG 0.00% 916 $36K Add +20.7%
MPWR Monolithic Power Systems Inc. 0.00% 59 $35K Add +637.5%
HIG Hartford Insurance Group Inc. 0.00% 319 $35K New
NTNX Nutanix Inc. Class A 0.00% 563 $34K Add +1.3%
EBAY eBay Inc. 0.00% 535 $33K New
WMG Warner Music Group Corp. Class A 0.00% 1,064 $33K Add +122.6%
NTAP Netapp Inc. 0.00% 278 $32K Add +929.6%
EMKR Emcore Corp. 0.00% 70 $32K New
WY Weyerhaeuser Co. 0.00% 1,075 $30K Add +11.1%
OLED Universal Display Corp. 0.00% 200 $29K Reduce -3.4%
CSX CSX Corp. 0.00% 887 $29K Add +14.9%
AFRM Affirm Holdings Inc. 0.00% 464 $28K New
AWK American Water Works Co. Inc. 0.00% 201 $25K Add +12.9%
STLD Steel Dynamics Inc. 0.00% 201 $23K Add +7.5%
NSC Norfolk Southern Corp. 0.00% 97 $23K Add +16.9%
BW Babcock & Wilcox Enterpr 0.00% 12,991 $21K New
GHM Graham Corp. 0.00% 458 $20K Reduce -58.4%
LXFR Luxfer Holdings PLC 0.00% 1,440 $19K Reduce -34.0%
CSL Carlisle Cos Inc. 0.00% 51 $19K Add +218.8%
CMBT CMB Tech NV 0.00% 1,702 $17K Reduce -54.9%
RIVN Rivian Automotive Inc. Class A 0.00% 1,244 $17K Add +12.5%
NRGV Energy Vault Holdings Inc. 0.00% 7,237 $17K Reduce -44.0%
NVR NVR Inc. 0.00% 2 $16K New
WOLF Wolfspeed Inc. 0.00% 2,430 $16K Add +179.3%
OHI Omega Healthcare Investors 0.00% 407 $15K Add +28.0%
CRBG Corebridge Financial Inc. 0.00% 464 $14K New
BRO Brown & Brown Inc. 0.00% 135 $14K New
RYAN Ryan Specialty Holdings Inc. 0.00% 213 $14K New
WSM Williams-Sonoma Inc. 0.00% 73 $14K Add +180.8%
BXP BXP Inc. 0.00% 181 $13K Add +11.0%
UBIQUITI NETWORKS INC 0.00% 40 $13K New
MANH Manhattan Associates Inc. 0.00% 47 $13K New
LCID Lucid Group Inc. 0.00% 4,191 $13K Add +54.9%
CLH Clean Harbors Inc. 0.00% 52 $12K Add +13.0%
XYL Xylem Inc. 0.00% 102 $12K Add +17.2%
CWEN.A Clearway Energy Inc. Class A 0.00% 447 $11K Add +12.0%
VNO Vornado Realty Trust 0.00% 260 $11K Reduce -17.2%
BALL Ball Corp. 0.00% 188 $10K Add +9.9%
HXL Hexcel Corp. 0.00% 144 $9K Add +28.6%
KRC Kilroy Realty Corp. 0.00% 220 $9K New
CUZ Cousins Pptys Inc. 0.00% 288 $9K New
HIW Highwoods Properties Inc. 0.00% 281 $9K New
DAR Darling Ingredients Inc. 0.00% 254 $9K Add +10.9%
RYAM Rayonier Advanced Materials 0.00% 303 $8K Add +18.4%
CAR Avis Budget Group Inc. 0.00% 84 $7K Add +23.5%
CNM Core & Main Inc. Class A 0.00% 132 $7K New
MAS Masco Corp. 0.00% 90 $7K Add +15.4%
TTEK Tetra Tech Inc. 0.00% 161 $6K Add +15.0%
TREX Trex Company Inc. 0.00% 85 $6K Add +37.1%
AYI Acuity Inc. 0.00% 20 $6K Reduce -4.8%
WTRG Essential Utilities Inc. 0.00% 160 $6K Add +12.7%
AWI Armstrong World Industries 0.00% 40 $6K Reduce -13.0%
LPX Louisiana-Pacific Corp. 0.00% 54 $6K Reduce -6.9%
BEP Brookfield Renewable Partner 0.00% 200 $6K Add +18.3%
AAON Aaon Inc. 0.00% 47 $6K Reduce -33.8%
WMS Advanced Drainage Systems Inc. 0.00% 47 $5K Add +34.3%
BLD Topbuild Corp. 0.00% 17 $5K Add +13.3%
THFF First Financial Corp. 0.00% 42 $1K New

Options reported separately and not counted above: ISHARES SILVER TR puts ($5.9M), SPDR GOLD TR puts ($3.7M), BEST BUY INC calls ($125K), GLOBAL X FDS puts ($28K), MATTERPORT INC calls ($7K), ISHARES INC calls ($51).

Other holdings (1): bonds, preferreds, convertibles and warrants · $354K (not counted above)
SecurityClassShares / PrincipalValueChange
JPM.WS JPMorgan Chase & Co.-CW18 *W EXP 10/28/201 1,478$354KNew

Total filed on the 13F, all lines: $3.2B.

Portfolio Sells Q3 2024 → Q4 2024
TLH iShares 10-20 Year Treasury Sold out 0.00% −3.91
GOVT iShares US Treasury Bond ETF Reduce -98.7% 0.05% −3.44
VALE Vale SA-SP ADR Reduce -61.0% 1.30% −3.34
TSM Taiwan Semiconductor-SP ADR Reduce -69.5% 1.53% −3.12
KOF Coca-Cola Femsa Sab-SP ADR Sold out 0.00% −2.25
VGK Vanguard Ftse Europe ETF Reduce -98.7% 0.02% −2.19
AMX America Movil Sab DE CV Sold out 0.00% −2.18
ITUB Itau Unibanco H-Spon PRF ADR Reduce -19.0% 2.71% −2.02
MELI MercadoLibre Inc. Reduce -58.3% 0.67% −1.37
BBD Banco Bradesco-ADR Reduce -12.0% 1.96% −1.33
FMX Fomento Economico Mex-SP ADR Reduce -32.5% 1.44% −1.16
EWZ iShares MSCI Brazil ETF Sold out 0.00% −1.16
XLI SS Industrial Select Sector Sold out 0.00% −1.09
NU Nu Holdings Ltd./Cayman Isl-A Sold out 0.00% −1.09
XLF SS Financial Select Sector Reduce -40.9% 1.57% −1.06
GLD SPDR Gold Shares Sold out 0.00% −0.90
DESP Despegar.com Corp. Sold out 0.00% −0.86
ASR Grupo Aeroportuario Sur-ADR Reduce -85.6% 0.10% −0.70
FXI iShares China Large-Cap ETF Sold out 0.00% −0.65
VOO Vanguard S&P 500 ETF Reduce -5.8% 6.09% −0.60
XOP SS SPDR S&P Og Exp & Prod Reduce -87.6% 0.08% −0.58
EMBJ Embraer SA-Spon ADR Reduce -38.0% 0.79% −0.51
KWEB Kranesh Csi China Internet Sold out 0.00% −0.45
META Meta Platforms Inc. Class A Reduce -15.9% 1.79% −0.44
CX Cemex Sab-Spons ADR Part Cer Reduce -57.6% 0.24% −0.40
BBY Best Buy Co. Inc. Reduce -57.2% 0.19% −0.37
SLV iShares Silver Trust Sold out 0.00% −0.29
USO United States Oil Fund Reduce -89.4% 0.03% −0.28
TSLA Tesla Inc. Sold out 0.00% −0.28
GD General Dynamics Corp. Sold out 0.00% −0.24
XLK SS Technology Select Sector Reduce -52.5% 0.17% −0.19
GGB Gerdau SA -Spon ADR Reduce -35.8% 0.17% −0.17
URI United Rentals Inc. Sold out 0.00% −0.17
STNE Stoneco Ltd. Class A Sold out 0.00% −0.15
JD Jd.com Inc.-ADR Reduce -96.8% 0.01% −0.15
BIDU Baidu Inc. - Spon ADR Sold out 0.00% −0.15
HON Honeywell International Inc. Reduce -90.9% 0.01% −0.14
INTC Intel Corp. Reduce -54.3% 0.08% −0.13
FSLR First Solar Inc. Reduce -75.5% 0.03% −0.13
VANECK VECTORS OIL SERVICES Sold out 0.00% −0.12
MSTR Strategy Inc. Sold out 0.00% −0.12
KRE SS SPDR S&P Regional Bank Reduce -94.6% 0.01% −0.12
ACWX iShares MSCI Acwi Ex US ETF Reduce -0.2% 0.64% −0.10
XLY SS Consumer Disc Select Sect Reduce -27.0% 0.35% −0.10
CPA Copa Holdings SA Class A Sold out 0.00% −0.10
BKNG Booking Holdings Inc. Reduce -60.5% 0.08% −0.10
VIV Telefonica Brasil-ADR Reduce -25.0% 0.10% −0.09
FCX Freeport-McMoran Inc. Sold out 0.00% −0.09
BSAC Banco Santander-Chile-ADR Reduce -34.3% 0.11% −0.09
VTEX Vtex Class A Sold out 0.00% −0.08

Portfolio Buys Q3 2024 → Q4 2024
SPY SS SPDR S&P 500 ETF Trust-US Add +96.6% 15.86% +7.52
BAP Credicorp Ltd. Add +243.8% 9.08% +6.10
PBR Petroleo Brasileiro-Spon ADR Add +432.0% 7.59% +5.89
AMOV America Movil-SPN ADR Class L Add +5514.7% 4.05% +3.99
NVDA Nvidia Corp. Add +83.3% 2.82% +1.35
KO The Coca-Cola Co. Add +1696.4% 1.31% +1.23
SUZ Suzano SA - Spon ADR Add +465.3% 1.33% +1.12
BANCOLOMBIA S.A.-SPONS ADR New 1.05% +1.05
GLOB Globant SA New 0.99% +0.99
IWM iShares Russell 2000 ETF New 0.86% +0.86
PSR Invesco Active US Real Estat New 0.77% +0.77
AMZN Amazon.com Inc. Add +25.9% 2.52% +0.73
AAPL Apple Inc. Add +2388.7% 0.75% +0.72
TV Grupo Televisa SA-Spon ADR Add +13477.4% 0.64% +0.64
BABA Alibaba Group Holding-SP ADR Add +521.1% 0.69% +0.54
MRSH Marsh & McLennan Cos New 0.50% +0.50
XRT SS SPDR S&P Retail ETF New 0.48% +0.48
PFE Pfizer Inc. New 0.42% +0.42
EFA iShares MSCI Eafe ETF New 0.38% +0.38
AMAT Applied Materials Inc. New 0.38% +0.38
GGAL Grupo Financiero Galicia-ADR Add +402.3% 0.43% +0.37
GOOGL Alphabet Inc. Class A Add +59.8% 0.89% +0.33
XLB SS Materials Select Sector Add +1848.8% 0.35% +0.33
BA The Boeing Co. New 0.33% +0.33
XLE SS Energy Select Sector New 0.30% +0.30
NFLX Netflix Inc. Add +18.8% 0.85% +0.25
BKR Baker Hughes Co. New 0.21% +0.21
VIST Vista Energy Sab DE CV Add +165.4% 0.30% +0.20
EWJ iShares MSCI Japan ETF Add +35.7% 2.03% +0.20
TIMB Tim SA-ADR Add +64.9% 0.80% +0.19
PAC Grupo Aeroportuario Pac-ADR Add +31.0% 0.95% +0.19
BAC Bank of America Corp. New 0.19% +0.19
PYPL PayPal Holdings Inc. Add +5899.6% 0.19% +0.19
CCL Carnival Corp. New 0.16% +0.16
EEM iShares MSCI Emerging Market Add +55.3% 0.53% +0.14
IVE iShares S&P 500 Value ETF New 0.13% +0.13
XLC SS Comm Select Sector SPDR Add +29.9% 0.54% +0.13
MSFT Microsoft Corp. Add +13.4% 2.53% +0.13
RSP Invesco S&P 500 Equal Weight New 0.13% +0.13
ULTA Ulta Beauty Inc. New 0.11% +0.11
LVS Las Vegas Sands Corp. New 0.10% +0.10
FLJP Franklin Ftse Japan ETF New 0.09% +0.09
ARGT Global X MSCI Argentina ETF New 0.09% +0.09
SPGI S&P Global Inc. New 0.09% +0.09
GEV GE Vernova Inc. New 0.08% +0.08
KSPI JSC Kaspi.kz ADR New 0.08% +0.08
BCH Banco DE Chile-ADR Add +105.4% 0.15% +0.07
NOW ServiceNow Inc. Add +1.0% 0.56% +0.07
BSBR Banco Santander Brasil-ADS New 0.06% +0.06
NDAQ Nasdaq Inc. New 0.06% +0.06

Options Activity Q3 2024 → Q4 2024
ISHARES SILVER TR put Add +748.7% 8,487 $5.9M
SPDR GOLD TR put New 2,000 $3.7M
NEXTERA ENERGY INC call Sold out 1,050 $757Kbefore exit
SPDR SERIES TRUST put Sold out 1,000 $185Kbefore exit
BEST BUY INC call Add +171.4% 950 $125K
GLOBAL X FDS put New 1,000 $28K
ISHARES INC call New 4,000 $51

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

Notes & Other Activity Q3 2024 → Q4 2024
JPM.WS JPMorgan Chase & Co.-CW18 *W EXP 10/28/201 New 1,478 $354K

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 355$5.1BSPY, IGOV, VALE, PBR, NU
Q1 2026Amended 351$4.2BPBR, SPY, VALE, VOO, BBD
Q4 2025 338$4.1BSPY, VOO, PBR, NU, BBD
Q3 2025 386$2.9BSPY, VOO, ITUB, BBD, BAP
Q2 2025 373$2.6BSPY, VOO, BBD, ITUB, XLF
Q1 2025 363$2.6BSPY, VOO, PBR.A, ITUB, TLH
Q4 2024 361$3.2BSPY, BAP, PBR, VOO, PBR.A
Q3 2024 323$3.0BSPY, VOO, PBR.A, ITUB, TSM
Q2 2024 332$2.4BSPY, VOO, TSM, ITUB, FMX
Q1 2024 103$2.3BSPY, FMX, ITUB, XLF, TLH