Itau Unibanco Holding S.A.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 8, 2025), Itau Unibanco Holding S.A. reported 373 stock positions worth $2.6 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 12.0% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 7.7%) and Banco Bradesco-ADR (BBD, 4.1%). Compared with Q1 2025, it opened 50 new positions, sold out of 40, added to 94 and reduced 202. The biggest buy was a new position in Inves Rafi Emer MRKT-Usd (PXH) and the biggest sale Petroleo Brasil-SP Pref ADR (PBR.A, shares −50%).

Most Recent 13F
Q2 2026
Location
SAO PAULO, D5
CIK
0001132597
Portfolio Value
$2.6B (Q2 2025)
SEC Filing
0001292814-25-002988 ↗ filed Aug 8, 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 Q4 2024 Q1 2025: $2.6B Q1 2025 Q2 2025: $2.6B $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 373 stocks · $2.6B
SPY SS SPDR S&P 500 ETF Trust-US 12.03% 512,201 $316.5M Add +14.9%
VOO Vanguard S&P 500 ETF 7.70% 356,717 $202.6M Reduce -9.4%
BBD Banco Bradesco-ADR 4.14% 35,204,316 $108.8M Add +34.0%
ITUB Itau Unibanco H-Spon PRF ADR 3.55% 22,005,070 $93.4M Add +2.6%
XLF SS Financial Select Sector 3.27% 1,644,491 $86.1M Add +34.8%
PBR Petroleo Brasileiro-Spon ADR 2.69% 5,664,002 $70.9M Reduce -7.9%
PBR.A Petroleo Brasil-SP Pref ADR 2.67% 6,084,144 $70.2M Reduce -50.3%
VALE Vale SA-SP ADR 2.61% 7,069,889 $68.6M Add +121.8%
PXH Inves Rafi Emer MRKT-Usd Inc. 2.60% 2,925,998 $68.4M New
TLH iShares 10-20 Year Treasury 2.56% 663,460 $67.4M Reduce -39.3%
BAP Credicorp Ltd. 2.54% 567,024 $66.9M Reduce -5.6%
EMBJ Embraer SA-Spon ADR 2.54% 1,172,217 $66.7M Add +22.7%
VGK Vanguard Ftse Europe ETF 2.49% 846,694 $65.6M Add +0.7%
EWJ iShares MSCI Japan ETF 2.24% 787,562 $59.0M Add +0.5%
NVDA Nvidia Corp. 2.12% 352,648 $55.7M Reduce -41.8%
TSM Taiwan Semiconductor-SP ADR 1.91% 221,227 $50.1M Reduce -30.8%
MELI MercadoLibre Inc. 1.82% 18,310 $47.9M Reduce -26.9%
GGAL Grupo Financiero Galicia-ADR 1.71% 893,965 $45.0M Add +90.5%
AAPL Apple Inc. 1.69% 216,423 $44.4M Add +14.6%
AMZN Amazon.com Inc. 1.56% 187,059 $41.0M Reduce -2.2%
META Meta Platforms Inc. Class A 1.48% 52,897 $39.0M Reduce -25.5%
GLD SPDR Gold Shares 1.48% 127,811 $39.0M Add +154.4%
KOF Coca-Cola Femsa Sab-SP ADR 1.36% 779,258 $35.8M Reduce -22.4%
FMX Fomento Economico Mex-SP ADR 1.32% 613,888 $34.8M Reduce -44.8%
LTMAY Latam Airlines Group-SP ADR 1.22% 787,096 $32.0M New
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 1.13% 2,904,400 $29.7M New
IWF iShares Russell 1000 Growth 1.10% 68,130 $28.9M New
NFLX Netflix Inc. 1.08% 21,299 $28.5M Reduce -11.4%
EFG iShares MSCI Eafe Growth ETF 1.07% 250,300 $28.0M New
ACWX iShares MSCI Acwi Ex US ETF 1.05% 454,513 $27.7M Reduce -0.0%
VIST Vista Energy Sab DE CV 1.00% 550,435 $26.3M Add +356.1%
MSFT Microsoft Corp. 0.95% 50,073 $24.9M Reduce -29.4%
AVGO Broadcom Inc. 0.83% 79,329 $21.9M Reduce -14.6%
WMT Walmart Inc. 0.82% 221,351 $21.6M Add +1021.0%
PAM Pampa Energia SA-Spon ADR 0.80% 304,174 $21.1M Add +42.4%
GOVT iShares US Treasury Bond ETF 0.80% 911,128 $20.9M Reduce -80.5%
CRWD CrowdStrike Holdings Inc. Class A 0.74% 38,472 $19.6M Reduce -17.5%
ASR Grupo Aeroportuario Sur-ADR 0.74% 110,227 $19.5M Add +3887.9%
NOW ServiceNow Inc. 0.74% 18,848 $19.4M Reduce -9.1%
XLI SS Industrial Select Sector 0.73% 130,716 $19.3M Add +5.4%
SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE 0.62% 919,538 $16.3M New
PYPL PayPal Holdings Inc. 0.57% 201,779 $15.0M Add +10701.9%
TIGO Millicom Intl Cellular S.A. 0.53% 703,267 $13.9M Add +52.6%
GGB Gerdau SA -Spon ADR 0.45% 4,036,600 $11.8M Add +50.7%
STNE Stoneco Ltd. Class A 0.44% 718,893 $11.5M Add +168.6%
XLE SS Energy Select Sector 0.43% 134,288 $11.4M Add +99.4%
SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI 0.41% 494,142 $10.9M Reduce -14.7%
XLY SS Consumer Disc Select Sect 0.41% 49,483 $10.8M Reduce -62.1%
GOOGL Alphabet Inc. Class A 0.39% 57,934 $10.2M Add +23.3%
MU Micron Technology Inc. 0.39% 82,432 $10.2M New
XLB SS Materials Select Sector 0.35% 105,301 $9.2M Reduce -11.7%
BABA Alibaba Group Holding-SP ADR 0.33% 77,493 $8.8M Add +60.3%
TBBB BBB Foods Inc. Class A 0.31% 610,934 $8.2M Reduce -14.2%
TSLA Tesla Inc. 0.30% 24,840 $7.9M Reduce -78.9%
XLC SS Comm Select Sector SPDR 0.26% 62,798 $6.8M Reduce -73.7%
TIMB Tim SA-ADR 0.26% 337,616 $6.8M Reduce -67.7%
EWZ iShares MSCI Brazil ETF 0.26% 232,537 $6.7M New
SLV iShares Silver Trust 0.25% 69,026 $6.6M New
SUZ Suzano SA - Spon ADR 0.24% 870,012 $6.4M No change
DVMT Dell Technologies Inc. Class V 0.24% 51,255 $6.3M Add +1407.5%
COIN Coinbase Global Inc. Class A 0.24% 17,678 $6.2M Add +531.4%
JPM JPMorgan Chase & Co. 0.22% 20,255 $5.9M Reduce -0.7%
AMD Advanced Micro Devices 0.19% 36,000 $5.1M Add +589.5%
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 0.18% 55,503 $4.7M Add +32.4%
BKR Baker Hughes Co. 0.17% 119,459 $4.6M Add +11.2%
DBA Invesco DB Agriculture Fund 0.17% 168,400 $4.4M Add +1.3%
PLTR Palantir Technologies Inc. Class A 0.16% 31,611 $4.3M Add +1659.1%
BCH Banco DE Chile-ADR 0.16% 344,373 $4.1M Reduce -21.3%
GOOG Alphabet Inc. Class C 0.15% 22,571 $4.0M Reduce -33.7%
KDP Keurig Dr Pepper Inc. 0.15% 111,751 $3.8M No change
ON On Semiconductor 0.14% 72,000 $3.8M New
TLT iShares 20+ Year Treasury BD 0.13% 40,000 $3.5M Add +300.0%
NEE Nextera Energy Inc. 0.13% 50,813 $3.5M Reduce -18.8%
DBX ETF TR 0.13% 127,839 $3.5M Reduce -51.6%
INTC Intel Corp. 0.13% 156,162 $3.5M Reduce -7.6%
HOOD Robinhood Markets Inc. Class A 0.13% 36,778 $3.4M Add +526.3%
BBY Best Buy Co. Inc. 0.13% 50,481 $3.4M Reduce -33.9%
BURL Burlington Stores Inc. 0.13% 14,140 $3.4M No change
RTX RTX Corp. 0.12% 24,293 $3.2M No change
IYR iShares US Real Estate ETF 0.12% 32,786 $3.1M Reduce -63.3%
XLK SS Technology Select Sector 0.11% 11,931 $3.0M Reduce -70.8%
NOC Northrop Grumman Corp. 0.11% 6,011 $3.0M Add +56.9%
ETN Eaton Corp. PLC 0.11% 8,242 $2.9M Reduce -48.7%
RSP Invesco S&P 500 Equal Weight 0.11% 15,226 $2.8M Reduce -54.0%
HD Home Depot Inc. 0.10% 7,306 $2.7M No change
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 0.10% 22,010 $2.5M No change
ALGM Allegro Microsystems Inc. 0.09% 70,000 $2.4M New
UNH Unitedhealth Group Inc. 0.09% 7,555 $2.4M New
NBIS Nebius Group NV 0.09% 42,000 $2.3M New
JBS JBS NV-A 0.09% 181,570 $2.3M New
CRWV Coreweave Inc. Class A 0.09% 14,000 $2.3M New
V Visa Inc. Class A 0.09% 6,312 $2.2M Reduce -2.5%
FXI iShares China Large-Cap ETF 0.08% 57,500 $2.1M New
KKR KKR & Co. Inc. 0.08% 15,599 $2.1M Reduce -17.5%
PEG Public Service Enterprise GP 0.08% 24,166 $2.0M Add +3.8%
ABBV Abbvie Inc. 0.08% 10,831 $2.0M Add +3.9%
SPGI S&P Global Inc. 0.08% 3,800 $2.0M New
ADBE Adobe Inc. 0.08% 5,156 $2.0M Reduce -16.8%
CAG Conagra Brands Inc. 0.07% 73,905 $2.0M No change
COMPANHIA PARANAENSE ENERG C 0.07% 385,015 $2.0M Reduce -25.0%
CRM Salesforce Inc. 0.07% 7,110 $1.9M Reduce -41.6%
CIG Cia Energetica DE-Spon ADR 0.07% 987,314 $1.9M Reduce -33.6%
NTRA Natera Inc. 0.07% 11,040 $1.9M Reduce -37.4%
TXN Texas Instruments Inc. 0.07% 8,648 $1.8M New
BMA Banco Macro SA-ADR 0.07% 25,310 $1.8M Add +57.7%
EEM iShares MSCI Emerging Market 0.07% 35,944 $1.7M Reduce -87.7%
XHB SS SPDR S&P Homebldrs ETF 0.07% 17,490 $1.7M New
TGS Transportador Gas-ADR SP B 0.06% 65,251 $1.7M Reduce -26.3%
CEG Constellation Energy 0.06% 5,224 $1.7M Reduce -59.0%
CSGP Costar Group Inc. 0.06% 19,930 $1.6M Reduce -28.8%
XP XP Inc. Class A 0.06% 76,293 $1.5M New
IVE iShares S&P 500 Value ETF 0.06% 7,515 $1.5M Reduce -66.2%
MRVL Marvell Technology Group Ltd. 0.05% 18,000 $1.4M Add +210.3%
ARGT Global X MSCI Argentina ETF 0.05% 16,282 $1.4M New
NEM Newmont Corp. 0.05% 23,287 $1.4M Add +4.5%
LMT Lockheed Martin Corp. 0.05% 2,900 $1.3M New
ONON On Holding AG Class A filed as ON HLDG AG 0.05% 29,392 $1.3M No change
KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC 0.05% 15,158 $1.3M Reduce -1.3%
SE Sea Ltd.-ADR 0.05% 7,576 $1.2M Reduce -27.3%
GFI Gold Fields Ltd.-Spons ADR 0.04% 49,575 $1.2M New
BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A 0.04% 68,040 $1.1M Reduce -14.9%
ORCL Oracle Corp. 0.04% 8,000 $1.1M Reduce -24.5%
QUAL iShares MSCI USA Quality Fac 0.04% 6,014 $1.1M Add +4.8%
EPI Wisdomtree India Earnings 0.04% 22,000 $1.0M No change
CMF iShares California Muni Bond 0.04% 18,342 $1.0M Add +126.9%
SPOT Spotify Technology SA 0.04% 1,807 $994K No change
EWW iShares MSCI Mexico ETF 0.04% 19,210 $979K New
TIP iShares Tips Bond ETF 0.03% 7,790 $857K Add +106.8%
QXO Qxo Inc. 0.03% 39,000 $840K New
SNOW Snowflake Inc. 0.03% 3,754 $840K Reduce -14.8%
COF Capital One Financial Corp. 0.03% 3,903 $830K New
DDOG Datadog Inc. Class A 0.03% 5,788 $778K Reduce -0.6%
CPA Copa Holdings SA Class A 0.03% 7,000 $770K New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.03% 5,897 $731K Reduce -61.7%
IBN Icici Bank Ltd.-Spon ADR 0.03% 20,346 $684K New
OMAB Grupo Aeroportuario Cen-ADR 0.03% 6,479 $684K Reduce -6.1%
DHR Danaher Corp. 0.03% 3,457 $673K Add +1778.8%
MMYT Makemytrip Ltd. 0.02% 6,680 $655K New
FOUR SHIFT4 Payments Inc. Class A 0.02% 6,600 $654K New
SONY Sony Group Corp. - SP ADR 0.02% 25,097 $653K Add +11.2%
KBWB Invesco KBW Bank ETF 0.02% 9,000 $645K Reduce -88.1%
ZM Zoom Communications Inc. 0.02% 8,233 $642K Add +3.8%
ABNB Airbnb Inc. Class A 0.02% 4,761 $625K Add +729.4%
RBA RB Global Inc. 0.02% 5,700 $605K New
ALK Alaska Air Group Inc. 0.02% 12,000 $594K New
KVUE Kenvue Inc. 0.02% 27,500 $576K New
KBE SS SPDR S&P Bank ETF 0.02% 10,000 $558K New
EVEX Eve Holding Inc. filed as EVE HLDG INC 0.02% 80,000 $549K Add +236.9%
AZN Astrazeneca PLC-Spons ADR 0.02% 7,381 $516K Add +4.6%
GMF State Street SPDR S&P Emergi 0.02% 4,000 $506K No change
IAU iShares Gold Trust 0.02% 8,029 $501K Reduce -35.1%
LYV Live Nation Entertainment Inc. 0.02% 3,200 $484K New
VTEX Vtex Class A 0.02% 70,106 $464K New
ERO Ero Copper Corp. 0.02% 27,430 $462K No change
INFY Infosys Ltd.-SP ADR 0.02% 24,782 $459K Reduce -5.3%
TEVA Teva Pharmaceutical-SP ADR 0.02% 27,000 $453K New
HEPS D-Market Electronic Serv-ADR 0.02% 166,330 $449K Reduce -10.6%
MSCI MSCI Inc. 0.02% 730 $421K Add +51.8%
GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD 0.02% 13,438 $411K Add +12.8%
BGC BGC Group Inc. Class A 0.02% 40,000 $409K New
MA Mastercard Inc. Class A 0.01% 701 $394K Reduce -97.5%
PAGS Pagseguro Digital Ltd. Class A 0.01% 50,749 $387K Reduce -82.4%
KO The Coca-Cola Co. 0.01% 4,887 $346K Reduce -10.8%
METV Roundhill Ball Metaverse ETF 0.01% 20,200 $344K No change
JNJ Johnson & Johnson 0.01% 2,193 $335K Reduce -0.2%
U Unity Software Inc. 0.01% 12,855 $311K Add +602.1%
MCHI iShares MSCI China ETF 0.01% 5,400 $298K No change
ZETA Zeta Global Holdings Corp. Class A 0.01% 19,000 $294K New
TLN Talen Energy Corp. 0.01% 1,000 $291K Reduce -80.8%
GD General Dynamics Corp. 0.01% 965 $281K New
GLOB Globant SA 0.01% 2,690 $244K New
EWY iShares MSCI South Korea ETF 0.01% 13,565 $234K Add +31.8%
BILI Bilibili Inc.-Sponsored ADR 0.01% 10,000 $215K New
GE General Electric filed as GE AEROSPACE 0.01% 911 $210K No change
RBLX Roblox Corp. Class A 0.01% 1,972 $207K Reduce -65.2%
EPP iShares MSCI Pacific Ex Japa 0.01% 4,000 $197K Reduce -55.8%
AXP American Express Co. 0.01% 560 $179K Reduce -11.3%
BKNG Booking Holdings Inc. 0.01% 29 $168K Reduce -95.9%
CPNG Coupang Inc. 0.01% 5,575 $167K Add +217.5%
MDLZ Mondelez International Inc. Class A 0.01% 2,381 $162K No change
ADP Automatic Data Processing 0.01% 460 $142K Reduce -10.8%
BE Bloom Energy Corp. Class A 0.01% 5,841 $140K Reduce -31.3%
BX Blackstone Inc. 0.01% 893 $134K Reduce -10.5%
PGR Progressive Corp. 0.01% 491 $131K Reduce -11.2%
BLDP Ballard Power Systems Inc. 0.00% 80,462 $128K Add +63.1%
PANW Palo Alto Networks Inc. 0.00% 586 $120K Reduce -11.6%
QCOM Qualcomm Inc. 0.00% 747 $119K Reduce -10.5%
CAT Caterpillar Inc. 0.00% 303 $118K Reduce -10.1%
AMAT Applied Materials Inc. 0.00% 862 $116K Add +22.4%
PDBC Invesco Optimum Yield Divers 0.00% 8,763 $114K New
ANET Arista Networks Inc. 0.00% 1,080 $110K Reduce -10.7%
LRCX Lam Research Corp. 0.00% 1,450 $107K Reduce -93.2%
GTLS Chart Industries Inc. 0.00% 641 $106K Add +14.1%
APD Air Products & Chemicals Inc. 0.00% 366 $103K Add +20.4%
RIVN Rivian Automotive Inc. Class A 0.00% 7,461 $103K Reduce -1.6%
ADSK Autodesk Inc. 0.00% 328 $102K Reduce -6.8%
LIN Linde PLC 0.00% 215 $101K Add +6.4%
MCO Moody's Corp. 0.00% 196 $98K Reduce -12.9%
KLAC KLA Corp. 0.00% 107 $96K Reduce -12.3%
OLN Olin Corp. 0.00% 4,747 $95K Add +121.9%
FTI Technipfmc PLC 0.00% 2,678 $92K Add +3.1%
EQIX Equinix Inc. 0.00% 115 $91K Add +3.6%
FTNT Fortinet Inc. 0.00% 820 $87K Reduce -10.9%
CMI Cummins Inc. 0.00% 262 $86K Add +27.2%
SHEL Shell PLC-ADR 0.00% 1,199 $84K Add +11.6%
APP AppLovin Corp. Class A 0.00% 240 $84K Reduce -13.4%
APOLLO GLOBAL MGMT LLC 0.00% 590 $84K Reduce -11.4%
MCK McKesson Corp. 0.00% 113 $83K Reduce -13.1%
EA Electronic Arts Inc. 0.00% 518 $83K Reduce -5.5%
LCID Lucid Group Inc. 0.00% 39,123 $83K Reduce -1.1%
CC The Chemours Co. 0.00% 7,149 $82K Add +102.3%
HPE Hewlett Packard Enterprise 0.00% 3,910 $80K Add +28.8%
FSLR First Solar Inc. 0.00% 391 $79K Add +112.5%
JCI Johnson Controls Internation 0.00% 749 $79K Reduce -8.3%
LOW Lowe's Cos Inc. 0.00% 352 $78K Reduce -10.2%
WM Waste Management Inc. 0.00% 337 $77K Reduce -19.2%
WLK Westlake Corp. 0.00% 1,000 $76K Add +87.3%
MMM 3M Co. 0.00% 485 $74K Reduce -10.8%
DASH DoorDash Inc. Class A 0.00% 289 $71K Reduce -13.2%
SNPS Synopsys Inc. 0.00% 138 $71K Reduce -9.8%
MO Altria Group Inc. 0.00% 1,179 $69K Reduce -9.3%
REGN Regeneron Pharmaceuticals 0.00% 130 $68K Reduce -9.1%
CTAS Cintas Corp. 0.00% 300 $67K Reduce -13.0%
MS Morgan Stanley 0.00% 564 $66K No change
BBIO Bridgebio Pharma Inc. 0.00% 1,479 $64K Reduce -1.3%
UNP Union Pacific Corp. 0.00% 275 $63K Reduce -0.7%
TTWO Take-Two Interactive Softwre 0.00% 259 $63K Add +1.6%
PLUG Plug Power Inc. 0.00% 46,063 $62K Reduce -50.7%
GHM Graham Corp. 0.00% 1,242 $61K Add +171.2%
HWM Howmet Aerospace Inc. 0.00% 330 $61K Reduce -10.3%
AMP Ameriprise Financial Inc. 0.00% 113 $60K Reduce -13.1%
FOXA Fox Corp. Class A 0.00% 1,069 $60K Add +1.3%
SCCO Southern Copper Corp. 0.00% 592 $60K Reduce -10.2%
NTNX Nutanix Inc. Class A 0.00% 749 $57K Add +33.0%
PARAA Paramount Global Class A 0.00% 4,401 $57K New
HAS Hasbro Inc. 0.00% 765 $56K Add +1.3%
TDG Transdigm Group Inc. 0.00% 37 $56K Reduce -13.9%
ORLY O'reilly Automotive Inc. 0.00% 616 $56K Reduce -10.7%
ALNY Alnylam Pharmaceuticals Inc. 0.00% 168 $55K Reduce -1.2%
TWLO Twilio Inc. Class A 0.00% 436 $54K Add +1.4%
KSS Kohls Corp. 0.00% 6,539 $53K No change
BSX Boston Scientific Corp. 0.00% 673 $53K Add +41.1%
ROKU Roku Inc. 0.00% 597 $52K Add +1.2%
WBD Warner Bros Discovery Inc. 0.00% 4,551 $52K Add +1.3%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.00% 720 $52K Reduce -5.1%
GILD Gilead Sciences Inc. 0.00% 463 $51K Reduce -42.8%
ABT Abbott Laboratories 0.00% 374 $51K Reduce -1.1%
RKT Rocket Cos Inc. Class A 0.00% 3,533 $50K Reduce -7.8%
CCJ Cameco Corp. 0.00% 1,216 $50K Reduce -94.5%
MTD Mettler-Toledo International 0.00% 42 $49K Reduce -4.5%
EOG EOG Resources Inc. 0.00% 412 $49K Reduce -10.2%
RACE Ferrari NV 0.00% 100 $49K Reduce -99.1%
PODD Insulet Corp. 0.00% 156 $49K Reduce -1.3%
PAYX Paychex Inc. 0.00% 334 $49K Reduce -9.7%
WDAY Workday Inc. Class A 0.00% 207 $48K No change
AZO AutoZone Inc. 0.00% 13 $48K Reduce -13.3%
ALL Allstate Corp. 0.00% 232 $47K Reduce -13.4%
GRMN Garmin Ltd. 0.00% 223 $47K Add +1.4%
EW Edwards Lifesciences Corp. 0.00% 579 $45K Reduce -1.5%
RSG Republic Services Inc. 0.00% 182 $45K Reduce -13.7%
SYK Stryker Corp. 0.00% 113 $45K Reduce -1.7%
IONS Ionis Pharmaceuticals Inc. 0.00% 1,124 $44K Reduce -1.7%
SIRI Sirius XM Holdings Inc. 0.00% 1,930 $44K New
MET Metlife Inc. 0.00% 545 $44K Reduce -10.9%
AMGN Amgen Inc. 0.00% 156 $44K Reduce -1.3%
CRSP Crispr Therapeutics AG 0.00% 892 $43K Reduce -1.3%
ISRG Intuitive Surgical Inc. 0.00% 79 $43K Reduce -1.3%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.00% 41 $43K Reduce -12.8%
VRT Vertiv Holdings Co. Class A 0.00% 331 $43K Reduce -96.7%
LLY Eli Lilly & Co. 0.00% 54 $42K No change
FAST Fastenal Co. 0.00% 996 $42K Reduce -9.8%
PFE Pfizer Inc. 0.00% 1,694 $41K Reduce -1.5%
MPT Medical Properties Trust Inc. 0.00% 6,759 $41K No change
VEEV Veeva Systems Inc. Class A 0.00% 141 $41K Reduce -13.0%
VRTX Vertex Pharmaceuticals Inc. 0.00% 91 $41K Reduce -1.1%
DOCU Docusign Inc. 0.00% 520 $41K Add +1.4%
CAH Cardinal Health Inc. 0.00% 240 $40K Reduce -13.0%
IDXX Idexx Laboratories Inc. 0.00% 75 $40K Reduce -13.8%
FICO Fair Isaac Corp. 0.00% 22 $40K Reduce -12.0%
INCY Incyte Corp. 0.00% 589 $40K Reduce -1.7%
HY Hyster-Yale Inc. 0.00% 998 $40K Reduce -5.3%
AKAM Akamai Technologies Inc. 0.00% 492 $39K Add +1.2%
WAT Waters Corp. 0.00% 111 $39K Reduce -0.9%
LPLA LPL Financial Holdings Inc. 0.00% 101 $38K Reduce -94.2%
JAZZ Jazz Pharmaceuticals PLC 0.00% 354 $38K Reduce -1.1%
CPRT Copart Inc. 0.00% 735 $36K Reduce -10.6%
EXAS Exact Sciences Corp. 0.00% 677 $36K Reduce -1.5%
SNAP Snap Inc. Class A 0.00% 4,104 $36K Add +1.3%
A Agilent Technologies Inc. 0.00% 302 $36K Reduce -1.3%
RVTY Revvity Inc. 0.00% 368 $36K Reduce -1.1%
BMRN Biomarin Pharmaceutical Inc. 0.00% 647 $36K Reduce -1.7%
OTIS Otis Worldwide Corp. 0.00% 355 $35K Reduce -10.3%
LIT Global X Lithium & Battery T 0.00% 912 $35K No change
BMY Bristol-Myers Squibb Co. 0.00% 755 $35K Reduce -1.2%
BIIB Biogen Inc. 0.00% 273 $34K Reduce -1.1%
MRK Merck & Co. Inc. 0.00% 431 $34K Reduce -0.9%
RGEN Repligen Corp. 0.00% 274 $34K Reduce -2.1%
MPWR Monolithic Power Systems Inc. 0.00% 46 $34K Reduce -13.2%
RMD Resmed Inc. 0.00% 129 $33K Reduce -12.8%
YUM Yum! Brands Inc. 0.00% 220 $33K Reduce -12.7%
TMO Thermo Fisher Scientific Inc. 0.00% 80 $32K Reduce -1.2%
EBAY eBay Inc. 0.00% 431 $32K Reduce -10.6%
HIG Hartford Insurance Group Inc. 0.00% 250 $32K Reduce -13.2%
DHI D.R. Horton Inc. 0.00% 245 $32K Reduce -13.1%
BIO Bio-Rad Laboratories-A 0.00% 125 $30K Reduce -1.6%
EME Emcor Group Inc. 0.00% 55 $29K Reduce -12.7%
ODFL Old Dominion Freight Line 0.00% 180 $29K Reduce -13.0%
TECH Bio-Techne Corp. 0.00% 556 $29K Reduce -1.6%
CSX CSX Corp. 0.00% 844 $28K Reduce -4.8%
ILMN Illumina Inc. 0.00% 288 $27K Reduce -2.0%
MRNA Moderna Inc. 0.00% 995 $27K Reduce -1.8%
LEN Lennar Corp. Class A 0.00% 245 $27K Reduce -13.1%
IT Gartner Inc. 0.00% 65 $26K Reduce -13.3%
AFRM Affirm Holdings Inc. 0.00% 372 $26K Reduce -10.6%
WY Weyerhaeuser Co. 0.00% 982 $25K Reduce -8.7%
HPQ HP Inc. 0.00% 1,028 $25K Reduce -9.6%
STLD Steel Dynamics Inc. 0.00% 192 $25K Reduce -4.5%
AWK American Water Works Co. Inc. 0.00% 176 $24K Reduce -12.4%
NSC Norfolk Southern Corp. 0.00% 94 $24K Reduce -3.1%
ASHR Xtrackers Harvest Csi 300 CH 0.00% 500 $24K New
ABEV Ambev SA-ADR 0.00% 9,844 $24K No change
NTAP Netapp Inc. 0.00% 218 $23K Reduce -12.8%
WMG Warner Music Group Corp. Class A 0.00% 820 $22K Add +2.4%
LXFR Luxfer Holdings PLC 0.00% 1,661 $20K Add +15.3%
WAB Wabtec Corp. 0.00% 92 $19K Reduce -5.2%
ENPH Enphase Energy Inc. 0.00% 465 $18K Reduce -3.1%
DECK Deckers Outdoor Corp. 0.00% 169 $17K Reduce -13.3%
CSL Carlisle Cos Inc. 0.00% 43 $16K Reduce -8.5%
NVR NVR Inc. 0.00% 2 $15K No change
XYL Xylem Inc. 0.00% 114 $15K Add +11.8%
OHI Omega Healthcare Investors 0.00% 400 $15K Reduce -1.7%
CRBG Corebridge Financial Inc. 0.00% 375 $13K Reduce -10.3%
UI Ubiquiti Inc. 0.00% 32 $13K Reduce -11.1%
BRO Brown & Brown Inc. 0.00% 106 $12K Reduce -13.1%
CAR Avis Budget Group Inc. 0.00% 68 $11K Reduce -19.1%
BXP BXP Inc. 0.00% 169 $11K Reduce -6.6%
RYAN Ryan Specialty Holdings Inc. 0.00% 166 $11K Reduce -13.1%
CLH Clean Harbors Inc. 0.00% 45 $10K Reduce -13.5%
DAR Darling Ingredients Inc. 0.00% 267 $10K Add +5.1%
BALL Ball Corp. 0.00% 179 $10K Reduce -4.8%
WSM Williams-Sonoma Inc. 0.00% 57 $9K Reduce -12.3%
VNO Vornado Realty Trust 0.00% 241 $9K Reduce -7.3%
ERIE Erie Indemnity Company Class A 0.00% 26 $9K Reduce -38.1%
HXL Hexcel Corp. 0.00% 157 $9K Add +9.0%
CUZ Cousins Pptys Inc. 0.00% 283 $8K Reduce -1.7%
KRC Kilroy Realty Corp. 0.00% 247 $8K Add +12.3%
BWA Borgwarner Inc. 0.00% 252 $8K New
HIW Highwoods Properties Inc. 0.00% 268 $8K Reduce -4.6%
ADC Agree Realty Corp. 0.00% 114 $8K New
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.00% 75 $8K No change
RYN Rayonier Inc. 0.00% 335 $7K Add +11.3%
MANH Manhattan Associates Inc. 0.00% 37 $7K Reduce -11.9%
AYI Acuity Inc. 0.00% 23 $7K Add +15.0%
BLD Topbuild Corp. 0.00% 21 $7K Add +23.5%
CNM Core & Main Inc. Class A 0.00% 109 $7K Reduce -17.4%
BEP Brookfield Renewable Partner 0.00% 199 $7K Reduce -0.5%
TV Grupo Televisa SA-Spon ADR 0.00% 12,882 $6K No change
AWI Armstrong World Industries 0.00% 38 $6K Reduce -5.0%
CWEN.A Clearway Energy Inc. Class A 0.00% 203 $6K Reduce -11.7%
CWEN Clearway Energy Inc. Class C 0.00% 191 $6K Reduce -12.0%
WMS Advanced Drainage Systems Inc. 0.00% 53 $6K Add +12.8%
MAS Masco Corp. 0.00% 94 $6K Add +4.4%
TTEK Tetra Tech Inc. 0.00% 168 $6K Add +4.3%
WTRG Essential Utilities Inc. 0.00% 158 $6K Reduce -1.3%
TREX Trex Company Inc. 0.00% 105 $6K Add +23.5%
LPX Louisiana-Pacific Corp. 0.00% 65 $6K Add +20.4%
AAON Aaon Inc. 0.00% 61 $4K Add +29.8%
URA Global X Uranium ETF 0.00% 100 $4K Reduce -99.9%
CELH Celsius Holdings Inc. 0.00% 93 $3K No change
INTU Intuit Inc. 0.00% 4 $2K Reduce -99.3%
CSANY Cosan SA -ADR 0.00% 396 $2K Reduce -99.1%
XBI SS SPDR S&P Biotech ETF 0.00% 1,000 $1K New
NTLA Intellia Therapeutics Inc. 0.00% 53 $377 New

Options reported separately and not counted above: SPDR GOLD TR calls ($14.6M), INTEL CORP calls ($169K), STONECO LTD calls ($104K), XP INC calls ($88K), BEST BUY INC calls ($55K), COSTAR GROUP INC calls ($523).

Portfolio Sells Q1 2025 → Q2 2025
PBR.A Petroleo Brasil-SP Pref ADR Reduce -50.3% 2.67% −3.39
GOVT iShares US Treasury Bond ETF Reduce -80.5% 0.80% −3.36
FMX Fomento Economico Mex-SP ADR Reduce -44.8% 1.32% −2.78
KOF Coca-Cola Femsa Sab-SP ADR Reduce -22.4% 1.36% −2.06
TLH iShares 10-20 Year Treasury Reduce -39.3% 2.56% −1.81
BAP Credicorp Ltd. Reduce -5.6% 2.54% −1.62
TSLA Tesla Inc. Reduce -78.9% 0.30% −0.88
PBR Petroleo Brasileiro-Spon ADR Reduce -7.9% 2.69% −0.67
XLC SS Comm Select Sector SPDR Reduce -73.7% 0.26% −0.63
XLY SS Consumer Disc Select Sect Reduce -62.1% 0.41% −0.59
MA Mastercard Inc. Class A Reduce -97.5% 0.01% −0.57
MSTR Strategy Inc. Sold out 0.00% −0.56
EEM iShares MSCI Emerging Market Reduce -87.7% 0.07% −0.43
NVDA Nvidia Corp. Reduce -41.8% 2.12% −0.42
TBBB BBB Foods Inc. Class A Reduce -14.2% 0.31% −0.39
TIMB Tim SA-ADR Reduce -67.7% 0.26% −0.37
BCH Banco DE Chile-ADR Reduce -21.3% 0.16% −0.27
XOM Exxon Mobil Corp. Sold out 0.00% −0.24
AMX America Movil Sab DE CV Sold out 0.00% −0.22
IYR iShares US Real Estate ETF Reduce -63.3% 0.12% −0.21
XLK SS Technology Select Sector Reduce -70.8% 0.11% −0.21
RACE Ferrari NV Reduce -99.1% 0.00% −0.17
SMH Vaneck Semiconductor ETF Sold out 0.00% −0.17
KBWB Invesco KBW Bank ETF Reduce -88.1% 0.02% −0.16
TME Tencent Music Entertainm-ADR Sold out 0.00% −0.15
TSM Taiwan Semiconductor-SP ADR Reduce -30.8% 1.91% −0.15
DBX ETF TR Reduce -51.6% 0.13% −0.14
BKNG Booking Holdings Inc. Reduce -95.9% 0.01% −0.12
RSP Invesco S&P 500 Equal Weight Reduce -54.0% 0.11% −0.12
VOO Vanguard S&P 500 ETF Reduce -9.4% 7.70% −0.11
CX Cemex Sab-Spons ADR Part Cer Sold out 0.00% −0.11
IVE iShares S&P 500 Value ETF Reduce -66.2% 0.06% −0.11
URA Global X Uranium ETF Reduce -99.9% 0.00% −0.11
META Meta Platforms Inc. Class A Reduce -25.5% 1.48% −0.10
XOP SS SPDR S&P Og Exp & Prod Sold out 0.00% −0.09
BBY Best Buy Co. Inc. Reduce -33.9% 0.13% −0.09
MSFT Microsoft Corp. Reduce -29.4% 0.95% −0.08
AGRO Adecoagro SA Sold out 0.00% −0.07
PAGS Pagseguro Digital Ltd. Class A Reduce -82.4% 0.01% −0.07
COMPANHIA PARANAENSE ENERG C Reduce -25.0% 0.07% −0.07
IBKR Interactive Brokers Gro Class A Sold out 0.00% −0.06
EVR Evercore Inc. Class A Sold out 0.00% −0.06
ETN Eaton Corp. PLC Reduce -48.7% 0.11% −0.06
LRCX Lam Research Corp. Reduce -93.2% 0.00% −0.06
IFS Intercorp Financial Services Sold out 0.00% −0.06
CRM Salesforce Inc. Reduce -41.6% 0.07% −0.05
GOOG Alphabet Inc. Class C Reduce -33.7% 0.15% −0.05
COHR Coherent Corp. Sold out 0.00% −0.05
XLB SS Materials Select Sector Reduce -11.7% 0.35% −0.04
TECK Teck Resources Ltd.-CLS B Sold out 0.00% −0.04

Portfolio Buys Q1 2025 → Q2 2025
PXH Inves Rafi Emer MRKT-Usd Inc. New 2.60% +2.60
SPY SS SPDR S&P 500 ETF Trust-US Add +14.9% 12.03% +2.40
BBD Banco Bradesco-ADR Add +34.0% 4.14% +1.95
VALE Vale SA-SP ADR Add +121.8% 2.61% +1.39
LTMAY Latam Airlines Group-SP ADR New 1.22% +1.22
NU Nu Holdings Ltd./Cayman Isl-A New 1.13% +1.13
IWF iShares Russell 1000 Growth New 1.10% +1.10
EFG iShares MSCI Eafe Growth ETF New 1.07% +1.07
XLF SS Financial Select Sector Add +34.8% 3.27% +0.93
GLD SPDR Gold Shares Add +154.4% 1.48% +0.92
EMBJ Embraer SA-Spon ADR Add +22.7% 2.54% +0.92
VIST Vista Energy Sab DE CV Add +356.1% 1.00% +0.78
GGAL Grupo Financiero Galicia-ADR Add +90.5% 1.71% +0.76
WMT Walmart Inc. Add +1021.0% 0.82% +0.76
ASR Grupo Aeroportuario Sur-ADR Add +3887.9% 0.74% +0.71
SQM Quimica Y Minera Chil-SP ADR New 0.62% +0.62
PYPL PayPal Holdings Inc. Add +10701.9% 0.57% +0.57
MU Micron Technology Inc. New 0.39% +0.39
STNE Stoneco Ltd. Class A Add +168.6% 0.44% +0.33
EWZ iShares MSCI Brazil ETF New 0.26% +0.26
SLV iShares Silver Trust New 0.25% +0.25
DVMT Dell Technologies Inc. Class V Add +1407.5% 0.24% +0.23
COIN Coinbase Global Inc. Class A Add +531.4% 0.24% +0.22
VGK Vanguard Ftse Europe ETF Add +0.7% 2.49% +0.21
XLE SS Energy Select Sector Add +99.4% 0.43% +0.19
PAM Pampa Energia SA-Spon ADR Add +42.4% 0.80% +0.18
AMD Advanced Micro Devices Add +589.5% 0.19% +0.17
EWJ iShares MSCI Japan ETF Add +0.5% 2.24% +0.17
GGB Gerdau SA -Spon ADR Add +50.7% 0.45% +0.16
PLTR Palantir Technologies Inc. Class A Add +1659.1% 0.16% +0.16
ON On Semiconductor New 0.14% +0.14
HOOD Robinhood Markets Inc. Class A Add +526.3% 0.13% +0.12
GOOGL Alphabet Inc. Class A Add +23.3% 0.39% +0.11
XLI SS Industrial Select Sector Add +5.4% 0.73% +0.10
TLT iShares 20+ Year Treasury BD Add +300.0% 0.13% +0.10
ALGM Allegro Microsystems Inc. New 0.09% +0.09
UNH Unitedhealth Group Inc. New 0.09% +0.09
NBIS Nebius Group NV New 0.09% +0.09
JBS JBS NV-A New 0.09% +0.09
BABA Alibaba Group Holding-SP ADR Add +60.3% 0.33% +0.09
CRWV Coreweave Inc. Class A New 0.09% +0.09
FXI iShares China Large-Cap ETF New 0.08% +0.08
SPGI S&P Global Inc. New 0.08% +0.08
TXN Texas Instruments Inc. New 0.07% +0.07
AAPL Apple Inc. Add +14.6% 1.69% +0.07
XHB SS SPDR S&P Homebldrs ETF New 0.07% +0.07
XP XP Inc. Class A New 0.06% +0.06
ARGT Global X MSCI Argentina ETF New 0.05% +0.05
LMT Lockheed Martin Corp. New 0.05% +0.05
GFI Gold Fields Ltd.-Spons ADR New 0.04% +0.04

Options Activity Q1 2025 → Q2 2025
ISHARES TR put Sold out 41,068 $17.9Mbefore exit
SPDR GOLD TR call Add +194.1% 1,500 $14.6M
TESLA INC put Sold out 1,000 $11.5Mbefore exit
ISHARES INC call Sold out 168,300 $10.2Mbefore exit
INVESCO EXCHANGE TRADED FD T put Sold out 9,250 $6.4Mbefore exit
SELECT SECTOR SPDR TR put Sold out 45,000 $4.4Mbefore exit
SELECT SECTOR SPDR TR put Sold out 9,500 $4.3Mbefore exit
NVIDIA CORPORATION put Sold out 2,000 $3.1Mbefore exit
APPLE INC put Sold out 2,000 $3.0Mbefore exit
SELECT SECTOR SPDR TR put Sold out 15,150 $2.7Mbefore exit
SELECT SECTOR SPDR TR put Sold out 4,702 $2.4Mbefore exit
PETROLEO BRASILEIRO S A call Sold out 163,100 $2.3Mbefore exit
ISHARES INC put Sold out 500 $2.2Mbefore exit
SELECT SECTOR SPDR TR put Sold out 5,002 $2.0Mbefore exit
SEA LTD put Sold out 15,700 $2.0Mbefore exit
ISHARES TR put Sold out 31,325 $2.0Mbefore exit
PETROLEO BRASILEIRO S A put Sold out 30,433 $1.9Mbefore exit
ISHARES SILVER TR put Sold out 5,987 $1.8Mbefore exit
SELECT SECTOR SPDR TR put Sold out 3,800 $1.8Mbefore exit
STRATEGY INC put Sold out 500 $1.7Mbefore exit
SELECT SECTOR SPDR TR put Sold out 4,750 $1.0Mbefore exit
MASTERCARD INCORPORATED put Sold out 500 $767Kbefore exit
DBX ETF TR put Sold out 12,500 $532Kbefore exit
GRUPO AEROPORTUARIO DEL SURE call Sold out 1,600 $438Kbefore exit
EXXON MOBIL CORP put Sold out 6,050 $429Kbefore exit
BAKER HUGHES COMPANY put Sold out 7,500 $407Kbefore exit
BLACKROCK INC put Sold out 2,000 $310Kbefore exit
INTEL CORP call Reduce -50.0% 200 $169K
SPDR GOLD TR put Sold out 2,510 $128Kbefore exit
STONECO LTD call Reduce -99.3% 364 $104K
XP INC call New 360 $88K
VALE S A call Sold out 2,000 $67Kbefore exit
BEST BUY INC call Add +177.8% 1,250 $55K
INTEL CORP put Sold out 100 $14Kbefore exit
BEST BUY INC put Sold out 200 $4Kbefore exit
GLOBAL X FDS call Sold out 9,500 $1Kbefore exit
COSTAR GROUP INC call New 551 $523

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