Itau Unibanco Holding S.A.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Itau Unibanco Holding S.A. reported 338 stock positions worth $4.1 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 8.0% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 6.3%) and Petroleo Brasileiro-Spon ADR (PBR, 5.7%). Compared with Q3 2025, it opened 95 new positions, sold out of 143, added to 143 and reduced 92. The biggest buy was Petroleo Brasileiro-Spon ADR (PBR, shares +147%) and the biggest sale Credicorp (BAP, shares −40%).

Most Recent 13F
Q2 2026
Location
SAO PAULO, D5
CIK
0001132597
Portfolio Value
$4.1B (Q4 2025)
SEC Filing
0001292814-26-000379 ↗ filed Feb 13, 2026

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 Q2 2025 Q3 2025: $2.9B Q3 2025 Q4 2025: $4.1B $4.1B Q4 2025 Q1 2026: $4.2B Q1 2026 Q2 2026: $5.1B Q2 2026

Holdings 338 stocks · $4.1B

SPY SS SPDR S&P 500 ETF Trust-US 7.98% 477,457 $325.6M Add +6.4%
VOO Vanguard S&P 500 ETF 6.31% 410,577 $257.5M Add +22.0%
PBR Petroleo Brasileiro-Spon ADR 5.74% 19,828,159 $234.2M Add +146.6%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 5.17% 12,592,559 $210.8M Add +88.4%
BBD Banco Bradesco-ADR 3.80% 46,867,695 $155.1M Add +29.9%
ITUB Itau Unibanco H-Spon PRF ADR 3.71% 21,106,153 $151.3M Reduce -6.9%
VALE Vale SA-SP ADR 3.25% 10,122,584 $132.7M Add +69.6%
CX Cemex Sab-Spons ADR Part Cer 3.07% 10,857,832 $125.4M Add +53.1%
GLD SPDR Gold Shares 2.75% 283,174 $112.2M Add +549.9%
PBR.A Petroleo Brasil-SP Pref ADR 2.53% 9,218,618 $103.2M Add +44.0%
NVDA Nvidia Corp. 2.24% 489,137 $91.2M Add +10.1%
AMZN Amazon.com Inc. 2.08% 367,628 $84.9M Add +14.7%
LTM Latam Airlines Group SA-ADR 2.04% 1,545,674 $83.3M New
VGK Vanguard Ftse Europe ETF 1.97% 963,000 $80.5M Add +13.2%
PXH Inves Rafi Emer MRKT-Usd Inc. 1.93% 3,051,133 $78.7M Add +4.3%
BAP Credicorp Ltd. 1.90% 267,014 $77.4M Reduce -40.3%
GOVT iShares US Treasury Bond ETF 1.73% 3,058,691 $70.4M Add +586.2%
EMBJ Embraer SA-Spon ADR 1.68% 1,064,049 $68.5M Add +0.8%
KOF Coca-Cola Femsa Sab-SP ADR 1.57% 672,833 $64.0M Reduce -17.5%
AAPL Apple Inc. 1.54% 230,457 $62.7M Add +204.1%
EWJ iShares MSCI Japan ETF 1.51% 763,060 $61.6M Add +52.2%
MELI MercadoLibre Inc. 1.42% 28,824 $58.1M New
MSFT Microsoft Corp. 1.40% 117,928 $57.0M Add +23.4%
GOOGL Alphabet Inc. Class A 1.31% 170,797 $53.5M Add +46.0%
AMX America Movil Sab DE CV 1.24% 2,450,123 $50.8M Add +23.6%
IWM iShares Russell 2000 ETF 1.13% 186,377 $45.9M Add +141.8%
TSLA Tesla Inc. 1.12% 101,871 $45.8M Add +6.1%
PAC Grupo Aeroportuario Pac-ADR 1.05% 161,435 $42.6M New
EEM iShares MSCI Emerging Market 1.03% 770,835 $42.2M Add +158.1%
CIB Grupo Cibest SA-ADR 1.02% 651,368 $41.5M Add +164.5%
FMX Fomento Economico Mex-SP ADR 1.02% 409,557 $41.4M New
XLF SS Financial Select Sector 0.94% 702,341 $38.5M Add +616.5%
META Meta Platforms Inc. Class A 0.91% 56,329 $37.2M Add +13.3%
TBBB BBB Foods Inc. Class A 0.87% 1,059,893 $35.6M Reduce -11.8%
GGB Gerdau SA -Spon ADR 0.79% 8,744,732 $32.3M Reduce -12.2%
BCH Banco DE Chile-ADR 0.78% 835,782 $31.8M Add +29.5%
GGAL Grupo Financiero Galicia-ADR 0.75% 564,437 $30.4M Reduce -34.5%
IVV iShares Core S&P 500 ETF 0.75% 44,415 $30.4M New
ACWX iShares MSCI Acwi Ex US ETF 0.71% 433,100 $29.1M Reduce -4.9%
PSR Invesco Active US Real Estat 0.70% 46,330 $28.5M Add +85.5%
SCCO Southern Copper Corp. 0.67% 191,301 $27.5M Reduce -53.9%
IWF iShares Russell 1000 Growth 0.65% 55,861 $26.4M Reduce -25.5%
NFLX Netflix Inc. 0.65% 281,297 $26.4M Add +45.4%
EFG iShares MSCI Eafe Growth ETF 0.63% 225,826 $25.7M Reduce -17.8%
TSM Taiwan Semiconductor-SP ADR 0.62% 83,071 $25.2M Add +100.2%
AERO Grupo Aeromexico Sab DE CV 0.60% 1,101,434 $24.4M New
AVGO Broadcom Inc. 0.57% 66,839 $23.1M Reduce -0.1%
ETN Eaton Corp. PLC 0.54% 69,255 $22.1M Add +1523.0%
PLTR Palantir Technologies Inc. Class A 0.54% 122,786 $21.8M Add +7899.1%
CRWD CrowdStrike Holdings Inc. Class A 0.53% 46,322 $21.7M Reduce -8.8%
PDD PDD Holdings Inc. 0.38% 136,375 $15.5M New
CPA Copa Holdings SA Class A 0.38% 127,532 $15.3M Add +505.1%
V Visa Inc. Class A 0.34% 39,993 $14.0M Add +2880.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.32% 44,059 $13.1M New
SHV iShares 0-1 Year Treasury Bo 0.29% 108,400 $11.9M New
PAM Pampa Energia SA-Spon ADR 0.26% 120,557 $10.6M Add +160.2%
NLR Vaneck Urani & Nuclr ETF-Usd 0.26% 84,755 $10.5M New
UTES Virtus Reaves Utilities ETF 0.24% 123,400 $9.7M New
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.23% 85,581 $9.4M Add +1.9%
HOOD Robinhood Markets Inc. Class A 0.23% 80,418 $9.3M Add +70.4%
SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI 0.21% 351,501 $8.4M Add +2.7%
FCX Freeport-McMoran Inc. 0.20% 158,037 $8.1M Add +17.9%
MU Micron Technology Inc. 0.19% 27,410 $7.8M Reduce -24.6%
SUZ Suzano SA - Spon ADR 0.19% 828,449 $7.7M No change
XLK SS Technology Select Sector 0.19% 53,262 $7.7M Add +0.8%
STNE Stoneco Ltd. Class A 0.19% 517,057 $7.6M Reduce -18.9%
BBY Best Buy Co. Inc. 0.18% 107,349 $7.2M Add +49.1%
XLB SS Materials Select Sector 0.17% 151,900 $6.9M Reduce -4.1%
XLY SS Consumer Disc Select Sect 0.16% 55,666 $6.6M Reduce -30.9%
JPM JPMorgan Chase & Co. 0.16% 20,560 $6.6M Add +1689.4%
IVW iShares S&P 500 Growth ETF 0.16% 53,410 $6.6M New
XLC SS Comm Select Sector SPDR 0.16% 54,747 $6.4M Add +229.9%
NRG NRG Energy Inc. 0.16% 39,782 $6.3M Add +1856.8%
MRK Merck & Co. Inc. 0.15% 58,694 $6.2M Add +13645.7%
RKLB Rocket Lab Corp. 0.15% 88,000 $6.2M New
CSGP Costar Group Inc. 0.14% 87,687 $5.9M Add +4.8%
VTMX Corp. Inmobiliaria Vesta-ADR filed as VESTA REAL ESTATE CORP 0.14% 190,366 $5.8M New
NEE Nextera Energy Inc. 0.13% 68,204 $5.5M Add +25.8%
WMB Williams Cos Inc. 0.13% 85,203 $5.1M Add +11636.0%
SPGI S&P Global Inc. 0.12% 9,627 $5.0M Add +3.5%
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 0.12% 59,441 $4.7M Reduce -19.1%
ISRG Intuitive Surgical Inc. 0.11% 8,107 $4.6M Add +10293.6%
XOP SS SPDR S&P Og Exp & Prod 0.11% 34,800 $4.4M New
PATH Uipath Inc. Class A 0.11% 260,000 $4.3M New
DBA Invesco DB Agriculture Fund 0.11% 168,400 $4.3M No change
TLN Talen Energy Corp. 0.10% 11,042 $4.1M Add +21551.0%
TSEM Tower Semiconductor Ltd. 0.10% 34,000 $4.1M New
HRL Hormel Foods Corp. 0.10% 169,581 $4.0M Add +139.6%
BOTZ Global X Robotics & Artifici 0.10% 108,000 $4.0M New
ARM Arm Holdings PLC-ADR 0.09% 34,650 $3.8M Add +45492.1%
AES AES Corp. 0.09% 259,061 $3.7M New
URI United Rentals Inc. 0.09% 4,583 $3.7M New
XLE SS Energy Select Sector 0.08% 76,276 $3.4M Reduce -35.6%
LLY Eli Lilly & Co. 0.08% 2,961 $3.2M Reduce -3.3%
JBS JBS NV-A 0.08% 220,600 $3.2M New
KVUE Kenvue Inc. 0.08% 179,600 $3.1M Add +1328.8%
TLT iShares 20+ Year Treasury BD 0.08% 35,000 $3.1M Reduce -54.8%
OMER Omeros Corp. 0.07% 180,000 $3.1M New
ABBV Abbvie Inc. 0.07% 12,933 $3.0M Add +5.9%
GEV GE Vernova Inc. 0.07% 4,517 $3.0M Add +125.8%
NEM Newmont Corp. 0.07% 27,238 $2.7M Add +3.6%
KMI Kinder Morgan Inc. 0.07% 98,222 $2.7M Add +4279.1%
SMR Nuscale Power Corp. 0.07% 188,000 $2.7M New
IONQ Ionq Inc. 0.06% 58,000 $2.6M New
WWD Woodward Inc. 0.06% 8,600 $2.6M New
LOMA Loma Negra Cia Ind-Spon ADR 0.06% 190,920 $2.4M New
PEG Public Service Enterprise GP 0.06% 29,450 $2.4M Add +9.2%
LHX L3HARRIS Technologies Inc. 0.06% 8,000 $2.4M New
KBWB Invesco KBW Bank ETF 0.05% 25,584 $2.2M Add +39.0%
KO The Coca-Cola Co. 0.05% 30,917 $2.2M Reduce -17.6%
QCOM Qualcomm Inc. 0.05% 12,000 $2.1M Add +1580.7%
AMKR Amkor Technology Inc. 0.05% 50,000 $2.0M New
QQQ Invesco QQQ Trust Series 1 0.05% 3,010 $1.9M New
BKR Baker Hughes Co. 0.04% 40,052 $1.8M Add +39.2%
KKR KKR & Co. Inc. 0.04% 14,140 $1.8M Add +40.3%
MAR Marriott International Class A 0.04% 5,844 $1.8M New
RTX RTX Corp. 0.04% 9,857 $1.8M New
AZO AutoZone Inc. 0.04% 529 $1.8M Add +4709.1%
GLW Corning Inc. 0.04% 20,000 $1.8M New
USB US Bancorp 0.04% 33,142 $1.8M New
WVE Wave Life Sciences Ltd. 0.04% 102,000 $1.7M New
ICLN iShares Global Clean Energy 0.04% 102,000 $1.7M Reduce -79.6%
EVEX Eve Holding Inc. filed as EVE HLDG INC 0.04% 420,007 $1.7M Reduce -42.5%
RCL Royal Caribbean Cruises Ltd. 0.04% 5,990 $1.7M New
SCHW Schwab (charles) Corp. 0.04% 16,564 $1.7M New
ELPC Cia Paranaense DE Ener-ADR filed as COMPANHIA PARANAENSE DE ENER 0.04% 413,804 $1.6M New
GOOG Alphabet Inc. Class C 0.04% 4,929 $1.6M Add +2.5%
TGS Transportador Gas-ADR SP B 0.04% 49,035 $1.5M New
RACE Ferrari NV 0.04% 4,034 $1.5M Add +188.1%
ASML ASML Holding NV-NY Reg SHS 0.04% 1,350 $1.4M Add +713.3%
IFS Intercorp Financial Services 0.03% 33,170 $1.4M Reduce -34.5%
EPI Wisdomtree India Earnings 0.03% 29,770 $1.4M Add +26.1%
OKLO Oklo Inc. 0.03% 18,000 $1.3M New
QXO Qxo Inc. 0.03% 60,000 $1.3M Reduce -15.1%
BIL SS SPDR BB 1-3M T-Bill ETF 0.03% 13,122 $1.2M Reduce -0.7%
GTLB Gitlab Inc. Class A 0.03% 31,000 $1.2M Add +24.0%
MRVL Marvell Technology Inc. 0.03% 12,375 $1.1M New
HUBB Hubbell Inc. 0.02% 2,231 $991K Add +15835.7%
ON On Semiconductor 0.02% 18,000 $976K New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.02% 8,497 $967K Reduce -14.3%
FSLR First Solar Inc. 0.02% 3,550 $927K Add +1976.0%
EFA iShares MSCI Eafe ETF 0.02% 9,514 $913K Add +329.7%
FERG Ferguson Enterprises Inc. 0.02% 4,019 $906K Reduce -18.0%
TV Grupo Televisa SA-Spon ADR 0.02% 302,942 $887K Add +2251.7%
NXT Nextpower Inc. 0.02% 10,044 $875K New
ARRY Array Technologies Inc. 0.02% 92,931 $857K New
CMF iShares California Muni Bond 0.02% 14,817 $851K Add +35.4%
SHLS Shoals Technologies Group -A 0.02% 99,679 $847K New
IYR iShares US Real Estate ETF 0.02% 8,765 $823K Reduce -9.3%
GLOB Globant SA 0.02% 12,111 $805K New
AMD Advanced Micro Devices 0.02% 3,482 $746K Reduce -25.7%
INTC Intel Corp. 0.02% 20,201 $745K Reduce -89.5%
SONY Sony Group Corp. - SP ADR 0.02% 28,297 $724K No change
CEG Constellation Energy 0.02% 1,994 $704K Reduce -83.5%
JNJ Johnson & Johnson 0.02% 3,204 $663K Add +46.2%
PWR Quanta Services Inc. 0.02% 1,500 $643K New
DKS Dick's Sporting Goods Inc. 0.02% 3,200 $637K New
GFI Gold Fields Ltd.-Spons ADR 0.02% 14,427 $637K Reduce -42.4%
MDLN Medline Inc. Class A 0.02% 15,000 $629K New
PDBC Invesco Optimum Yield Divers 0.01% 45,597 $604K Add +105.1%
TIP iShares Tips Bond ETF 0.01% 5,437 $598K Add +6.9%
GPRK Geopark Ltd. 0.01% 79,458 $586K New
MA Mastercard Inc. Class A 0.01% 1,008 $582K Add +48.7%
TLH iShares 10-20 Year Treasury 0.01% 5,692 $579K Reduce -58.9%
GMF State Street SPDR S&P Emergi 0.01% 4,000 $556K No change
MCHI iShares MSCI China ETF 0.01% 9,200 $553K Add +70.4%
BMA Banco Macro SA-ADR 0.01% 6,030 $541K New
INFY Infosys Ltd.-SP ADR 0.01% 30,382 $541K No change
NOC Northrop Grumman Corp. 0.01% 900 $517K New
IESC Ies Holdings Inc. filed as IES HLDGS INC 0.01% 1,200 $473K New
COF Capital One Financial Corp. 0.01% 1,903 $464K Reduce -71.6%
TH Target Hospitality Corp. 0.01% 47,000 $381K Add +108.9%
VRT Vertiv Holdings Co. Class A 0.01% 2,302 $373K Add +633.1%
IAU iShares Gold Trust 0.01% 4,464 $362K Reduce -30.0%
SE Sea Ltd.-ADR 0.01% 2,326 $297K Reduce -59.5%
GNRC Generac Holdings Inc. 0.01% 2,100 $289K New
SLV iShares Silver Trust 0.01% 3,954 $255K Reduce -88.5%
TRIP Tripadvisor Inc. 0.01% 17,000 $249K New
RIOT Riot Platforms Inc. 0.01% 19,194 $244K Reduce -90.5%
URA Global X Uranium ETF 0.01% 5,520 $236K Reduce -89.1%
METW Roundhill Meta Weeklypay ETF 0.01% 12,250 $230K New
QUAL iShares MSCI USA Quality Fac 0.01% 1,054 $209K Add +7.7%
EPP iShares MSCI Pacific Ex Japa 0.01% 4,000 $204K No change
UBS UBS Group AG-Reg 0.00% 3,916 $181K New
ZM Zoom Communications Inc. 0.00% 2,078 $179K Reduce -8.4%
MCO Moody's Corp. 0.00% 331 $169K Add +72.4%
DHR Danaher Corp. 0.00% 715 $164K Add +144.0%
IBKR Interactive Brokers Gro Class A 0.00% 2,500 $162K New
BA The Boeing Co. 0.00% 741 $161K New
ESTC Elastic NV 0.00% 1,857 $140K Add +372.5%
HPE Hewlett Packard Enterprise 0.00% 5,587 $134K Add +42.9%
VST Vistra Corp. 0.00% 823 $133K Reduce -37.8%
ORCL Oracle Corp. 0.00% 660 $129K Reduce -99.3%
RBLX Roblox Corp. Class A 0.00% 1,587 $129K Reduce -45.3%
UNP Union Pacific Corp. 0.00% 522 $121K Add +89.8%
TENB Tenable Holdings Inc. 0.00% 5,000 $119K New
LBRT Liberty Energy Inc. 0.00% 6,382 $118K New
AZN Astrazeneca PLC-Spons ADR 0.00% 1,227 $113K Reduce -76.1%
BURL Burlington Stores Inc. 0.00% 374 $108K New
BCC Boise Cascade Co. 0.00% 1,365 $100K Add +1451.1%
EQIX Equinix Inc. 0.00% 116 $89K Add +0.9%
BRK.B Berkshire Hathaway Inc. Class B 0.00% 169 $85K Add +218.9%
WM Waste Management Inc. 0.00% 359 $79K Add +6.5%
ILMN Illumina Inc. 0.00% 556 $73K Add +93.1%
REGN Regeneron Pharmaceuticals 0.00% 86 $66K Reduce -32.3%
RDDT Reddit Inc. Class A 0.00% 288 $66K New
TDG Transdigm Group Inc. 0.00% 49 $65K Add +2.1%
CRM Salesforce Inc. 0.00% 245 $65K Add +160.6%
TMO Thermo Fisher Scientific Inc. 0.00% 111 $64K Reduce -11.2%
MRNA Moderna Inc. 0.00% 2,174 $64K Add +118.5%
PEN Penumbra Inc. 0.00% 206 $64K New
BMY Bristol-Myers Squibb Co. 0.00% 1,177 $63K Add +56.5%
BBIO Bridgebio Pharma Inc. 0.00% 819 $63K Reduce -44.3%
VRTX Vertex Pharmaceuticals Inc. 0.00% 138 $63K Add +51.6%
RGEN Repligen Corp. 0.00% 378 $62K Add +38.0%
AMGN Amgen Inc. 0.00% 189 $62K Add +21.1%
GILD Gilead Sciences Inc. 0.00% 502 $62K Add +8.9%
JAZZ Jazz Pharmaceuticals PLC 0.00% 360 $61K Add +2.0%
EXAS Exact Sciences Corp. 0.00% 602 $61K Reduce -10.7%
ROKU Roku Inc. 0.00% 561 $61K Reduce -9.1%
WBD Warner Bros Discovery Inc. 0.00% 2,095 $60K Add +54.5%
FOXA Fox Corp. Class A 0.00% 824 $60K Reduce -25.3%
BIO Bio-Rad Laboratories-A 0.00% 197 $60K Add +57.6%
GH Guardant Health Inc. 0.00% 584 $60K New
COST Costco Wholesale Corp. 0.00% 69 $60K Add +527.3%
TECH Bio-Techne Corp. 0.00% 1,009 $59K Add +81.5%
BIIB Biogen Inc. 0.00% 337 $59K Add +24.4%
EBAY eBay Inc. 0.00% 680 $59K Add +65.0%
LIT Global X Lithium & Battery T 0.00% 912 $59K No change
TTWO Take-Two Interactive Softwre 0.00% 231 $59K Reduce -96.5%
DOCU Docusign Inc. 0.00% 864 $59K Add +60.6%
NTNX Nutanix Inc. Class A 0.00% 1,142 $59K Add +52.5%
RVTY Revvity Inc. 0.00% 609 $59K Add +66.4%
WAT Waters Corp. 0.00% 155 $59K Add +39.6%
PFE Pfizer Inc. 0.00% 2,360 $59K Add +39.8%
A Agilent Technologies Inc. 0.00% 427 $58K New
GRMN Garmin Ltd. 0.00% 283 $57K Add +23.0%
SNAP Snap Inc. Class A 0.00% 7,103 $57K Add +67.2%
EA Electronic Arts Inc. 0.00% 280 $57K Reduce -46.6%
ALNY Alnylam Pharmaceuticals Inc. 0.00% 141 $56K Reduce -16.1%
CRSP Crispr Therapeutics AG 0.00% 1,060 $56K Add +18.8%
BABA Alibaba Group Holding-SP ADR 0.00% 375 $55K Reduce -79.9%
U Unity Software Inc. 0.00% 1,244 $55K Reduce -35.0%
CRCL Circle Internet Group Inc. 0.00% 679 $54K New
LNG Cheniere Energy Inc. 0.00% 274 $53K New
SIRI Sirius XM Holdings Inc. 0.00% 2,625 $52K Add +31.4%
HUT Hut 8 Corp. 0.00% 1,133 $52K New
OWL Blue Owl Capital Inc. 0.00% 3,368 $50K New
GLXY Galaxy Digital Inc. Class A 0.00% 2,186 $49K New
LIN Linde PLC 0.00% 111 $47K New
SRAD Sportradar Group AG-A 0.00% 1,905 $45K New
APP AppLovin Corp. Class A 0.00% 64 $43K Reduce -74.0%
MARA Mara Holdings Inc. 0.00% 4,733 $43K Reduce -97.3%
RSG Republic Services Inc. 0.00% 194 $41K Add +6.6%
AMRZ Amrize Ltd. 0.00% 750 $41K Add +150.0%
MSTR Strategy Inc. 0.00% 262 $40K New
CMG Chipotle Mexican Grill Inc. 0.00% 923 $34K New
PGR Progressive Corp. 0.00% 150 $32K Reduce -70.9%
STLD Steel Dynamics Inc. 0.00% 181 $31K Reduce -5.7%
OC Owens Corning 0.00% 258 $29K New
ATI Ati Inc. 0.00% 246 $28K Add +21.8%
HD Home Depot Inc. 0.00% 82 $28K Reduce -98.2%
JCI Johnson Controls Internation 0.00% 220 $26K Reduce -69.9%
CSX CSX Corp. 0.00% 720 $26K Reduce -14.7%
AWK American Water Works Co. Inc. 0.00% 187 $24K Add +6.3%
IEX Idex Corp. 0.00% 134 $24K Add +148.2%
WY Weyerhaeuser Co. 0.00% 995 $24K Add +1.3%
BLDR Builders Firstsource Inc. 0.00% 229 $24K Add +408.9%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.00% 834 $23K Add +259.5%
HSIC Henry Schein Inc. 0.00% 307 $23K New
NSC Norfolk Southern Corp. 0.00% 80 $23K Reduce -14.9%
RIVN Rivian Automotive Inc. Class A 0.00% 1,162 $23K New
HDB HDFC Bank Ltd.-ADR 0.00% 614 $22K New
GS Goldman Sachs Group Inc. 0.00% 25 $22K New
OHI Omega Healthcare Investors 0.00% 476 $21K Add +19.0%
FLUT Flutter Entertainment PLC-Di 0.00% 96 $21K New
APO Apollo Global Management Inc. 0.00% 132 $19K New
WCN Waste Connections Inc. 0.00% 107 $19K New
FICO Fair Isaac Corp. 0.00% 11 $19K Reduce -70.3%
COP Conocophillips 0.00% 195 $18K Add +182.6%
PG The Procter & Gamble Co. 0.00% 127 $18K New
BE Bloom Energy Corp. Class A 0.00% 207 $18K Reduce -92.9%
ENPH Enphase Energy Inc. 0.00% 540 $17K Add +16.1%
WAB Wabtec Corp. 0.00% 79 $17K Reduce -14.1%
WMT Walmart Inc. 0.00% 139 $15K Reduce -99.6%
DKNG Draftkings Inc. Class A 0.00% 393 $14K New
PNC PNC Financial Services Group 0.00% 64 $13K New
ESS Essex Property Trust Inc. 0.00% 51 $13K New
XYL Xylem Inc. 0.00% 97 $13K Reduce -14.9%
ASX Ase Technology Holding -ADR 0.00% 802 $13K New
TAC Transalta Corp. 0.00% 989 $13K Reduce -19.4%
TXNM TXNM Energy Inc. 0.00% 201 $12K Reduce -69.2%
SAIA Saia Inc. 0.00% 36 $12K New
BXP BXP Inc. 0.00% 174 $12K Add +3.0%
XOM Exxon Mobil Corp. 0.00% 96 $12K New
AXON Axon Enterprise Inc. 0.00% 20 $11K New
CRS Carpenter Technology 0.00% 36 $11K Add +20.0%
CLH Clean Harbors Inc. 0.00% 48 $11K Add +6.7%
UNH Unitedhealth Group Inc. 0.00% 33 $11K Add +83.3%
AME Ametek Inc. 0.00% 53 $11K Add +55.9%
EQT Eqt Corp. 0.00% 202 $11K Reduce -32.9%
MP MP Materials Corp. 0.00% 210 $11K New
ADBE Adobe Inc. 0.00% 25 $9K Reduce -93.1%
BWA Borgwarner Inc. 0.00% 194 $9K Reduce -23.0%
ADC Agree Realty Corp. 0.00% 121 $9K Add +6.1%
C Citigroup Inc. 0.00% 73 $9K New
CUZ Cousins Properties Inc. 0.00% 325 $8K Add +14.8%
DAR Darling Ingredients Inc. 0.00% 231 $8K Reduce -13.5%
HXL Hexcel Corp. 0.00% 110 $8K Reduce -29.9%
VNO Vornado Realty Trust 0.00% 244 $8K Add +1.2%
CAR Avis Budget Group Inc. 0.00% 62 $8K Reduce -8.8%
BALL Ball Corp. 0.00% 147 $8K Reduce -17.9%
HIW Highwoods Properties Inc. 0.00% 301 $8K Add +12.3%
KRC Kilroy Realty Corp. 0.00% 195 $7K Reduce -21.1%
RH RH 0.00% 40 $7K New
APD Air Products & Chemicals Inc. 0.00% 27 $7K Reduce -87.5%
WTRG Essential Utilities Inc. 0.00% 171 $7K Add +8.2%
CNM Core & Main Inc. Class A 0.00% 126 $7K Add +15.6%
LCID Lucid Group Inc. 0.00% 614 $6K Add +64.6%
JHX James Hardie Ind PLC 0.00% 309 $6K New
TREX Trex Company Inc. 0.00% 175 $6K Add +66.7%
AYI Acuity Inc. 0.00% 17 $6K Reduce -26.1%
AWI Armstrong World Industries 0.00% 32 $6K Reduce -15.8%
CSL Carlisle Cos Inc. 0.00% 19 $6K Reduce -53.7%
LPX Louisiana-Pacific Corp. 0.00% 74 $6K Add +13.8%
MAS Masco Corp. 0.00% 94 $6K No change
TTEK Tetra Tech Inc. 0.00% 176 $6K Add +4.8%
BLD Topbuild Corp. 0.00% 14 $6K Reduce -33.3%
WMS Advanced Drainage Systems Inc. 0.00% 40 $6K Reduce -24.5%
BEPC Brookfield Renewable Corp. 0.00% 147 $6K Reduce -26.1%
CWEN.A Clearway Energy Inc. Class A 0.00% 179 $6K Reduce -11.8%
CWEN Clearway Energy Inc. Class C 0.00% 167 $6K Reduce -12.6%
RSP Invesco S&P 500 Equal Weight 0.00% 26 $5K Reduce -99.8%
AAON Aaon Inc. 0.00% 65 $5K Add +6.6%
PEP Pepsico Inc. 0.00% 31 $4K New
XLI SS Industrial Select Sector 0.00% 16 $2K Reduce -99.9%
NKE Nike Inc. Class B 0.00% 28 $2K Reduce -99.6%
DBX ETF TR 0.00% 23 $756 Reduce -99.7%

Options reported separately and not counted above: SPDR GOLD TR calls ($92.6M), INTEL CORP calls ($1.2M), BEST BUY INC calls ($78K), NEXTERA ENERGY INC calls ($32K).

Portfolio Sells Q3 2025 → Q4 2025

BAP Credicorp Ltd. Reduce -40.3% 1.90% −2.16
LTMAY Latam Airlines Group-SP ADR Sold out 0.00% −2.01
ITUB Itau Unibanco H-Spon PRF ADR Reduce -6.9% 3.71% −1.95
ASR Grupo Aeroportuario Sur-ADR Sold out 0.00% −1.67
SCCO Southern Copper Corp. Reduce -53.9% 0.67% −1.04
ORCL Oracle Corp. Reduce -99.3% 0.00% −0.87
NOW ServiceNow Inc. Sold out 0.00% −0.78
KOF Coca-Cola Femsa Sab-SP ADR Reduce -17.5% 1.57% −0.74
KWEB Kranesh Csi China Internet Sold out 0.00% −0.74
IWF iShares Russell 1000 Growth Reduce -25.5% 0.65% −0.55
EWZ iShares MSCI Brazil ETF Sold out 0.00% −0.54
EFG iShares MSCI Eafe Growth ETF Reduce -17.8% 0.63% −0.43
CRWD CrowdStrike Holdings Inc. Class A Reduce -8.8% 0.53% −0.32
BIDU Baidu Inc. - Spon ADR Sold out 0.00% −0.30
ACWX iShares MSCI Acwi Ex US ETF Reduce -4.9% 0.71% −0.29
GGB Gerdau SA -Spon ADR Reduce -12.2% 0.79% −0.26
COIN Coinbase Global Inc. Class A Sold out 0.00% −0.24
TBBB BBB Foods Inc. Class A Reduce -11.8% 0.87% −0.23
STNE Stoneco Ltd. Class A Reduce -18.9% 0.19% −0.22
ICLN iShares Global Clean Energy Reduce -79.6% 0.04% −0.22
INTC Intel Corp. Reduce -89.5% 0.02% −0.20
EOG EOG Resources Inc. Sold out 0.00% −0.20
AVGO Broadcom Inc. Reduce -0.1% 0.57% −0.18
COMPANHIA PARANAENSE ENERG C Sold out 0.00% −0.18
XLY SS Consumer Disc Select Sect Reduce -30.9% 0.16% −0.17
TLT iShares 20+ Year Treasury BD Reduce -54.8% 0.08% −0.16
FXI iShares China Large-Cap ETF Sold out 0.00% −0.14
WMT Walmart Inc. Reduce -99.6% 0.00% −0.13
NBIS Nebius Group NV Sold out 0.00% −0.13
RIOT Riot Platforms Inc. Reduce -90.5% 0.01% −0.12
CEG Constellation Energy Reduce -83.5% 0.02% −0.12
MARA Mara Holdings Inc. Reduce -97.3% 0.00% −0.11
GARP iShares MSCI USA Quality Gar Sold out 0.00% −0.11
GDX Vaneck Gold Miners ETF Sold out 0.00% −0.10
CSANY Cosan SA -ADR Sold out 0.00% −0.10
RSP Invesco S&P 500 Equal Weight Reduce -99.8% 0.00% −0.10
XLE SS Energy Select Sector Reduce -35.6% 0.08% −0.10
XLI SS Industrial Select Sector Reduce -99.9% 0.00% −0.09
KSPI JSC Kaspi.kz ADR Reduce -19.1% 0.12% −0.09
EWW iShares MSCI Mexico ETF Sold out 0.00% −0.08
URA Global X Uranium ETF Reduce -89.1% 0.01% −0.08
XLB SS Materials Select Sector Reduce -4.1% 0.17% −0.07
KDP Keurig Dr Pepper Inc. Sold out 0.00% −0.07
CRWV Coreweave Inc. Class A Sold out 0.00% −0.07
BSBR Banco Santander Brasil-ADS Sold out 0.00% −0.07
HD Home Depot Inc. Reduce -98.2% 0.00% −0.06
TECK Teck Resources Ltd.-CLS B Sold out 0.00% −0.06
GGAL Grupo Financiero Galicia-ADR Reduce -34.5% 0.75% −0.06
TTWO Take-Two Interactive Softwre Reduce -96.5% 0.00% −0.06
EVEX Eve Holding Inc. Reduce -42.5% 0.04% −0.05

Portfolio Buys Q3 2025 → Q4 2025

PBR Petroleo Brasileiro-Spon ADR Add +146.6% 5.74% +2.28
GLD SPDR Gold Shares Add +549.9% 2.75% +2.24
LTM Latam Airlines Group SA-ADR New 2.04% +2.04
NU Nu Holdings Ltd./Cayman Isl-A Add +88.4% 5.17% +1.53
MELI MercadoLibre Inc. New 1.42% +1.42
GOVT iShares US Treasury Bond ETF Add +586.2% 1.73% +1.38
VALE Vale SA-SP ADR Add +69.6% 3.25% +1.05
PAC Grupo Aeroportuario Pac-ADR New 1.05% +1.05
FMX Fomento Economico Mex-SP ADR New 1.02% +1.02
CX Cemex Sab-Spons ADR Part Cer Add +53.1% 3.07% +0.91
AAPL Apple Inc. Add +204.1% 1.54% +0.88
XLF SS Financial Select Sector Add +616.5% 0.94% +0.76
IVV iShares Core S&P 500 ETF New 0.75% +0.75
AERO Grupo Aeromexico Sab DE CV New 0.60% +0.60
CIB Grupo Cibest SA-ADR Add +164.5% 1.02% +0.58
PLTR Palantir Technologies Inc. Class A Add +7899.1% 0.54% +0.53
EEM iShares MSCI Emerging Market Add +158.1% 1.03% +0.49
IWM iShares Russell 2000 ETF Add +141.8% 1.13% +0.49
ETN Eaton Corp. PLC Add +1523.0% 0.54% +0.49
PDD PDD Holdings Inc. New 0.38% +0.38
GOOGL Alphabet Inc. Class A Add +46.0% 1.31% +0.37
V Visa Inc. Class A Add +2880.1% 0.34% +0.33
IBM Intl Business Machines Corp. New 0.32% +0.32
SHV iShares 0-1 Year Treasury Bo New 0.29% +0.29
CPA Copa Holdings SA Class A Add +505.1% 0.38% +0.29
NLR Vaneck Urani & Nuclr ETF-Usd New 0.26% +0.26
UTES Virtus Reaves Utilities ETF New 0.24% +0.24
PSR Invesco Active US Real Estat Add +85.5% 0.70% +0.19
PAM Pampa Energia SA-Spon ADR Add +160.2% 0.26% +0.16
IVW iShares S&P 500 Growth ETF New 0.16% +0.16
TSM Taiwan Semiconductor-SP ADR Add +100.2% 0.62% +0.15
RKLB Rocket Lab Corp. New 0.15% +0.15
MRK Merck & Co. Inc. Add +13645.7% 0.15% +0.15
JPM JPMorgan Chase & Co. Add +1689.4% 0.16% +0.15
NRG NRG Energy Inc. Add +1856.8% 0.16% +0.14
EWJ iShares MSCI Japan ETF Add +52.2% 1.51% +0.14
VTMX Corp. Inmobiliaria Vesta-ADR New 0.14% +0.14
WMB Williams Cos Inc. Add +11636.0% 0.13% +0.12
BCH Banco DE Chile-ADR Add +29.5% 0.78% +0.11
ISRG Intuitive Surgical Inc. Add +10293.6% 0.11% +0.11
XOP SS SPDR S&P Og Exp & Prod New 0.11% +0.11
PATH Uipath Inc. Class A New 0.11% +0.11
TLN Talen Energy Corp. Add +21551.0% 0.10% +0.10
TSEM Tower Semiconductor Ltd. New 0.10% +0.10
BOTZ Global X Robotics & Artifici New 0.10% +0.10
ARM Arm Holdings PLC-ADR Add +45492.1% 0.09% +0.09
XLC SS Comm Select Sector SPDR Add +229.9% 0.16% +0.09
AES AES Corp. New 0.09% +0.09
URI United Rentals Inc. New 0.09% +0.09
JBS JBS NV-A New 0.08% +0.08

Options Activity Q3 2025 → Q4 2025

INTEL CORP call Reduce -25.9% 2,000 $1.2M
KRANESHARES TRUST call Sold out 663 $871Kbefore exit
STATE STR SPDR S&P 500 ETF T put Sold out 650 $141Kbefore exit
COSTAR GROUP INC call Sold out 550 $138Kbefore exit
BEST BUY INC call Add +147.4% 2,350 $78K
NEXTERA ENERGY INC call Reduce -50.0% 200 $32K

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