Itau Unibanco Holding S.A.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Itau Unibanco Holding S.A. reported 351 stock positions worth $4.2 billion. Its top holding was Petroleo Brasileiro-Spon ADR (PBR) at 10.3% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 9.1%) and Vale SA-SP ADR (VALE, 6.8%). Compared with Q4 2025, it opened 116 new positions, sold out of 103, added to 95 and reduced 81. The biggest buy was Petroleo Brasileiro-Spon ADR (PBR, shares +5%) and the biggest sale Nu Holdings Ltd./Cayman Isl-A (NU, shares −99%).

Most Recent 13F
Q2 2026
Location
SAO PAULO, D5
CIK
0001132597
Portfolio Value
$4.2B (Q1 2026)
SEC Filing
0001292814-26-003067 ↗ filed May 15, 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 Q4 2025 Q1 2026: $4.2B $4.2B Q1 2026 Q2 2026: $5.1B Q2 2026

Holdings 351 stocks · $4.2B

PBR Petroleo Brasileiro-Spon ADR 10.31% 20,775,870 $431.1M Add +4.8%
SPY SS SPDR S&P 500 ETF Trust-US 9.12% 586,330 $381.3M Add +22.8%
VALE Vale SA-SP ADR 6.80% 17,874,446 $284.4M Add +76.6%
VOO Vanguard S&P 500 ETF 6.74% 471,809 $281.9M Add +14.9%
BBD Banco Bradesco-ADR 4.28% 49,057,171 $179.1M Add +4.7%
ITUB Itau Unibanco H-Spon PRF ADR 3.97% 20,012,082 $166.0M Reduce -5.2%
FMX Fomento Economico Mex-SP ADR 3.67% 1,386,705 $153.3M Add +238.6%
CX Cemex Sab-Spons ADR Part Cer 3.48% 12,944,607 $145.4M Add +19.2%
VGK Vanguard Ftse Europe ETF 3.01% 1,524,542 $125.7M Add +58.3%
PBR.A Petroleo Brasil-SP Pref ADR 2.75% 6,135,296 $115.0M Reduce -33.5%
IGOV iShares International Treasu 2.68% 2,725,650 $111.9M New
GLD SPDR Gold Shares 2.61% 254,004 $109.3M Reduce -10.3%
EWJ iShares MSCI Japan ETF 2.29% 1,135,559 $95.9M Add +48.8%
AMX America Movil Sab DE CV 2.02% 3,336,036 $84.6M Add +36.2%
MELI MercadoLibre Inc. 1.89% 46,596 $78.9M Add +61.7%
NVDA Nvidia Corp. 1.71% 408,871 $71.3M Reduce -16.4%
EMBJ Embraer SA-Spon ADR 1.61% 1,132,213 $67.2M Add +6.4%
GOVT iShares US Treasury Bond ETF 1.59% 2,899,328 $66.4M Reduce -5.2%
AMZN Amazon.com Inc. 1.41% 283,357 $59.0M Reduce -22.9%
META Meta Platforms Inc. Class A 1.26% 91,712 $52.5M Add +62.8%
LTM Latam Airlines Group SA-ADR 1.01% 863,692 $42.0M Reduce -44.1%
EWZ iShares MSCI Brazil ETF 0.96% 1,042,309 $40.0M New
GOOGL Alphabet Inc. Class A 0.94% 136,325 $39.2M Reduce -20.2%
ACWX iShares MSCI Acwi Ex US ETF 0.78% 473,700 $32.4M Add +9.4%
RSP Invesco S&P 500 Equal Weight 0.77% 168,345 $32.3M Add +647380.8%
V Visa Inc. Class A 0.74% 102,780 $31.1M Add +157.0%
QQQ Invesco QQQ Trust Series 1 0.73% 52,645 $30.4M Add +1649.0%
MU Micron Technology Inc. 0.69% 85,267 $28.8M Add +211.1%
MSFT Microsoft Corp. 0.66% 74,617 $27.6M Reduce -36.7%
XLC SS Comm Select Sector SPDR 0.64% 241,857 $26.8M Add +341.8%
BVN Cia DE Minas Buenaventur-ADR filed as COMPANIA DE MINAS BUENAVENTU 0.63% 742,914 $26.4M New
GGAL Grupo Financiero Galicia-ADR 0.62% 550,441 $25.7M Reduce -2.5%
AVGO Broadcom Inc. 0.61% 82,547 $25.5M Add +23.5%
TSM Taiwan Semiconductor-SP ADR 0.57% 70,258 $23.7M Reduce -15.4%
IWF iShares Russell 1000 Growth 0.56% 54,671 $23.3M Reduce -2.1%
EFG iShares MSCI Eafe Growth ETF 0.56% 209,224 $23.3M Reduce -7.3%
VTMX Corp. Inmobiliaria Vesta-ADR filed as VESTA REAL ESTATE CORP 0.55% 691,170 $23.1M Add +263.1%
PDD PDD Holdings Inc. 0.54% 219,427 $22.4M Add +60.9%
CIB Grupo Cibest SA-ADR 0.53% 310,619 $22.2M Reduce -52.3%
GGB Gerdau SA -Spon ADR 0.53% 6,208,632 $22.2M Reduce -29.0%
NFLX Netflix Inc. 0.49% 213,571 $20.5M Reduce -24.1%
AAPL Apple Inc. 0.49% 80,552 $20.4M Reduce -65.0%
BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A 0.47% 1,233,262 $19.8M New
PLTR Palantir Technologies Inc. Class A 0.46% 131,712 $19.3M Add +7.3%
SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI 0.46% 633,193 $19.2M Add +80.1%
BMA Banco Macro SA-ADR 0.41% 219,597 $17.0M Add +3541.7%
SPGI S&P Global Inc. 0.38% 37,500 $16.0M Add +289.5%
PAM Pampa Energia SA-Spon ADR 0.37% 176,903 $15.7M Add +46.7%
NTES Netease Inc.-ADR 0.37% 138,361 $15.5M New
KOF Coca-Cola Femsa Sab-SP ADR 0.35% 148,913 $14.5M Reduce -77.9%
BCH Banco DE Chile-ADR 0.33% 376,061 $13.9M Reduce -55.0%
MA Mastercard Inc. Class A 0.31% 25,690 $12.8M Add +2448.6%
IVW iShares S&P 500 Growth ETF 0.30% 110,300 $12.5M Add +106.5%
XLF SS Financial Select Sector 0.28% 237,926 $11.7M Reduce -66.1%
XLY SS Consumer Disc Select Sect 0.27% 104,858 $11.4M Add +88.4%
XLK SS Technology Select Sector 0.27% 85,557 $11.4M Add +60.6%
NLR Vaneck Urani & Nuclr ETF-Usd 0.27% 84,964 $11.3M Add +0.3%
ELPC Cia Paranaense DE Ener-ADR filed as COMPANHIA PARANAENSE DE ENER 0.26% 1,837,936 $10.9M Add +344.2%
TLT iShares 20+ Year Treasury BD 0.25% 120,000 $10.4M Add +242.9%
UTES Virtus Reaves Utilities ETF 0.24% 125,947 $10.1M Add +2.1%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.22% 85,581 $9.3M No change
SUZ Suzano SA - Spon ADR 0.20% 828,449 $8.3M No change
VRT Vertiv Holdings Co. Class A 0.18% 30,721 $7.7M Add +1234.5%
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 0.18% 101,160 $7.5M Add +70.2%
ARM Arm Holdings PLC-ADR 0.17% 46,000 $7.0M Add +32.8%
SMH Vaneck Semiconductor ETF 0.17% 18,086 $6.9M New
TER Teradyne Inc. 0.16% 22,400 $6.6M New
DBX ETF TR 0.16% 201,900 $6.6M Add +877726.1%
BBY Best Buy Co. Inc. 0.16% 102,296 $6.6M Reduce -4.7%
WMB Williams Cos Inc. 0.13% 75,724 $5.5M Reduce -11.1%
ICE Intercontinental Exchange Inc. 0.13% 34,208 $5.4M New
XOP SS SPDR S&P Og Exp & Prod 0.13% 29,000 $5.3M Reduce -16.7%
DBA Invesco DB Agriculture Fund 0.12% 188,000 $5.1M Add +11.6%
AMD Advanced Micro Devices 0.12% 23,769 $4.8M Add +582.6%
TSLA Tesla Inc. 0.11% 12,704 $4.7M Reduce -87.5%
RKLB Rocket Lab Corp. 0.11% 70,100 $4.5M Reduce -20.3%
USMV iShares MSCI USA Min Vol Fac 0.11% 47,930 $4.4M New
BLK BlackRock Inc. 0.10% 4,533 $4.4M New
LLY Eli Lilly & Co. 0.10% 4,663 $4.3M Add +57.5%
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 0.10% 3,182 $4.2M Add +135.7%
ETN Eaton Corp. PLC 0.10% 11,442 $4.1M Reduce -83.5%
SGML Sigma Lithium Corp. 0.09% 306,267 $3.8M New
ECH iShares MSCI Chile ETF 0.09% 93,659 $3.7M New
CAT Caterpillar Inc. 0.09% 5,062 $3.6M New
KVUE Kenvue Inc. 0.08% 204,600 $3.5M Add +13.9%
TTWO Take-Two Interactive Softwre 0.08% 17,231 $3.4M Add +7359.3%
NEE Nextera Energy Inc. 0.08% 35,922 $3.3M Reduce -47.3%
VST Vistra Corp. 0.08% 22,036 $3.3M Add +2577.5%
TGS Transportador Gas-ADR SP B 0.08% 95,234 $3.3M Add +94.2%
IVV iShares Core S&P 500 ETF 0.08% 5,039 $3.3M Reduce -88.7%
NEM Newmont Corp. 0.08% 29,458 $3.2M Add +8.2%
GEV GE Vernova Inc. 0.07% 3,531 $3.1M Reduce -21.8%
ABBV Abbvie Inc. 0.07% 13,648 $3.0M Add +5.5%
MSGS Madison Square Garden Sports 0.07% 9,000 $2.9M New
TKO Tko Group Holdings Inc. 0.07% 14,000 $2.8M New
LOMA Loma Negra Cia Ind-Spon ADR 0.06% 232,825 $2.6M Add +21.9%
PEG Public Service Enterprise GP 0.06% 30,395 $2.5M Add +3.2%
KO The Coca-Cola Co. 0.06% 32,320 $2.5M Add +4.5%
EEM iShares MSCI Emerging Market 0.06% 42,017 $2.4M Reduce -94.5%
HCA HCA Healthcare Inc. 0.05% 4,849 $2.3M New
CRWV Coreweave Inc. Class A 0.05% 28,695 $2.2M New
XLE SS Energy Select Sector 0.05% 36,038 $2.2M Reduce -52.8%
KWEB Kranesh Csi China Internet 0.05% 74,800 $2.1M New
STNE Stoneco Ltd. Class A 0.05% 150,484 $2.1M Reduce -70.9%
CSGP Costar Group Inc. 0.05% 52,539 $2.1M Reduce -40.1%
ZETA Zeta Global Holdings Corp. Class A 0.05% 133,078 $2.1M New
C Citigroup Inc. 0.05% 18,411 $2.1M Add +25120.5%
VIST Vista Energy Sab DE CV 0.05% 26,408 $2.0M New
RKT Rocket Cos Inc. Class A 0.05% 137,500 $2.0M New
CSX CSX Corp. 0.05% 47,636 $2.0M Add +6516.1%
TLH iShares 10-20 Year Treasury 0.05% 18,856 $1.9M Add +231.3%
GDS GDS Holdings Ltd. - ADR filed as GDS HLDGS LTD 0.05% 46,999 $1.9M New
CDNS Cadence Design SYS Inc. 0.04% 6,000 $1.7M New
SONY Sony Group Corp. - SP ADR 0.04% 79,878 $1.7M Add +182.3%
SNPS Synopsys Inc. 0.04% 4,000 $1.6M New
MRVL Marvell Technology Inc. 0.04% 16,000 $1.6M Add +29.3%
XME SS SPDR S&P Metals Mining 0.04% 14,000 $1.5M New
RBLX Roblox Corp. Class A 0.03% 24,499 $1.4M Add +1443.7%
TIP iShares Tips Bond ETF 0.03% 12,295 $1.4M Add +126.1%
EPI Wisdomtree India Earnings 0.03% 29,770 $1.2M No change
SE Sea Ltd.-ADR 0.03% 14,030 $1.2M Add +503.2%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.03% 79,742 $1.1M Reduce -99.4%
IAU iShares Gold Trust 0.03% 12,923 $1.1M Add +189.5%
BKNG Booking Holdings Inc. 0.03% 270 $1.1M New
BIL SS SPDR BB 1-3M T-Bill ETF 0.02% 11,364 $1.0M Reduce -13.4%
NTRA Natera Inc. 0.02% 4,900 $980K New
COF Capital One Financial Corp. 0.02% 5,361 $978K Add +181.7%
TXN Texas Instruments Inc. 0.02% 5,018 $974K New
AXON Axon Enterprise Inc. 0.02% 2,100 $892K Add +10400.0%
APP AppLovin Corp. Class A 0.02% 2,113 $841K Add +3201.6%
XLB SS Materials Select Sector 0.02% 16,490 $824K Reduce -89.1%
JNJ Johnson & Johnson 0.02% 3,214 $786K Add +0.3%
BRZE Braze Inc. Class A 0.02% 33,261 $785K New
ALAB Astera Labs Inc. 0.02% 7,000 $767K New
IYR iShares US Real Estate ETF 0.02% 7,965 $753K Reduce -9.1%
EVEX Eve Holding Inc. filed as EVE HLDG INC 0.02% 299,486 $743K Reduce -28.7%
MUB iShares National Muni Bond E 0.02% 6,640 $705K New
GLOB Globant SA 0.02% 15,219 $702K Add +25.7%
GOOG Alphabet Inc. Class C 0.02% 2,400 $688K Reduce -51.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.02% 7,064 $681K Reduce -16.9%
PDBC Invesco Optimum Yield Divers 0.02% 39,255 $680K Reduce -13.9%
MSCI MSCI Inc. 0.02% 1,200 $647K New
QXO Qxo Inc. 0.02% 33,000 $641K Reduce -45.0%
CEG Constellation Energy 0.02% 2,255 $630K Add +13.1%
VNET Vnet Group Inc.-ADR 0.01% 72,025 $604K New
GFI Gold Fields Ltd.-Spons ADR 0.01% 13,109 $595K Reduce -9.1%
KOS Kosmos Energy Ltd. 0.01% 208,847 $581K New
PHR Phreesia Inc. 0.01% 66,784 $560K New
GMF State Street SPDR S&P Emergi 0.01% 4,000 $545K No change
MCHI iShares MSCI China ETF 0.01% 9,200 $517K No change
BABA Alibaba Group Holding-SP ADR 0.01% 4,071 $511K Add +985.6%
PAC Grupo Aeroportuario Pac-ADR 0.01% 1,977 $488K Reduce -98.8%
EFA iShares MSCI Eafe ETF 0.01% 5,000 $486K Reduce -47.5%
AVUV Avantis US Small Cap Value 0.01% 4,261 $471K New
LRCX Lam Research Corp. 0.01% 2,200 $470K New
A Agilent Technologies Inc. 0.01% 413,373 $463K Add +96708.7%
APH Amphenol Corp. Class A 0.01% 3,200 $404K New
CMF iShares California Muni Bond 0.01% 6,510 $370K Reduce -56.1%
BSBR Banco Santander Brasil-ADS 0.01% 61,639 $361K New
BTU Peabody Energy Corp. 0.01% 10,000 $330K New
SCHW Schwab (charles) Corp. 0.01% 3,384 $318K Reduce -79.6%
SLV iShares Silver Trust 0.01% 4,504 $307K Add +13.9%
KRMN Karman Holdings Inc. 0.01% 3,500 $280K New
ORCL Oracle Corp. 0.01% 1,897 $279K Add +187.4%
GDX Vaneck Gold Miners ETF 0.01% 3,000 $275K New
URA Global X Uranium ETF 0.01% 5,420 $262K Reduce -1.8%
OKLO Oklo Inc. 0.01% 5,000 $248K Reduce -72.2%
ARES Ares Management Corp. Class A 0.01% 2,000 $218K New
CIFR Cipher Digital Inc. 0.01% 16,430 $211K New
ABTC American Bitcoin Corp. 0.00% 220,335 $204K New
METW Roundhill Meta Weeklypay ETF 0.00% 12,250 $195K No change
BKR Baker Hughes Co. 0.00% 2,889 $176K Reduce -92.8%
ZM Zoom Communications Inc. 0.00% 2,078 $167K No change
FR First Industrial Realty TR 0.00% 2,719 $157K New
JPM JPMorgan Chase & Co. 0.00% 484 $142K Reduce -97.7%
HPE Hewlett Packard Enterprise 0.00% 5,587 $133K No change
ADM Archer-Daniels-Midland Co. 0.00% 1,775 $129K New
SKM SK Telecom Co. Ltd.-Spon ADR 0.00% 4,366 $128K New
T AT&T Inc. 0.00% 4,385 $127K New
WMT Walmart Inc. 0.00% 1,017 $126K Add +631.6%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.00% 1,065 $126K New
VZ Verizon Communications Inc. 0.00% 2,509 $126K New
KR Kroger Co. 0.00% 1,724 $125K New
CRM Salesforce Inc. 0.00% 668 $125K Add +172.7%
LMT Lockheed Martin Corp. 0.00% 206 $125K New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.00% 509 $123K Reduce -98.8%
IVT Inventrust Properties Corp. 0.00% 4,040 $123K New
INTU Intuit Inc. 0.00% 283 $122K New
CME Cme Group Inc. 0.00% 414 $122K New
LIT Global X Lithium & Battery T 0.00% 1,623 $121K Add +78.0%
CTSH Cognizant Tech Solutions-A 0.00% 1,929 $118K New
HON Honeywell International Inc. 0.00% 517 $117K New
APLD Applied Digital Corp. 0.00% 4,856 $115K New
MRNA Moderna Inc. 0.00% 2,250 $114K Add +3.5%
EQIX Equinix Inc. 0.00% 116 $114K No change
CSCO Cisco Systems Inc. 0.00% 1,440 $112K New
TRIP Tripadvisor Inc. 0.00% 10,000 $107K Reduce -41.2%
CTO Cto Realty Growth Inc. filed as CTO RLTY GROWTH INC NEW 0.00% 5,657 $105K New
CAN Canaan Inc. 0.00% 235,362 $102K New
COIN Coinbase Global Inc. Class A 0.00% 581 $101K New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.00% 1,980 $97K New
SUI Sun Communities Inc. filed as SUN CMNTYS INC 0.00% 746 $94K New
FROG Jfrog Ltd. 0.00% 2,000 $94K New
SILA Sila Realty Trust Inc. 0.00% 3,870 $92K New
WM Waste Management Inc. 0.00% 359 $82K No change
SNDA Sonida Senior Living Inc. 0.00% 2,453 $79K New
MRK Merck & Co. Inc. 0.00% 636 $77K Reduce -98.9%
BMY Bristol-Myers Squibb Co. 0.00% 1,218 $74K Add +3.5%
GILD Gilead Sciences Inc. 0.00% 519 $72K Add +3.4%
UNP Union Pacific Corp. 0.00% 291 $71K Reduce -44.3%
DHR Danaher Corp. 0.00% 369 $70K Reduce -48.4%
PEN Penumbra Inc. 0.00% 213 $70K Add +3.4%
TMO Thermo Fisher Scientific Inc. 0.00% 142 $70K Add +27.9%
AMGN Amgen Inc. 0.00% 196 $69K Add +3.7%
REGN Regeneron Pharmaceuticals 0.00% 89 $69K Add +3.5%
PFE Pfizer Inc. 0.00% 2,442 $69K Add +3.5%
SHOP Shopify Inc. Class A 0.00% 560 $66K New
CUBE Cubesmart 0.00% 1,800 $66K New
HUT Hut 8 Corp. 0.00% 1,395 $65K Add +23.1%
CRCL Circle Internet Group Inc. 0.00% 679 $65K No change
BIIB Biogen Inc. 0.00% 349 $64K Add +3.6%
VRTX Vertex Pharmaceuticals Inc. 0.00% 142 $63K Add +2.9%
BBIO Bridgebio Pharma Inc. 0.00% 848 $63K Add +3.5%
EBAY eBay Inc. 0.00% 680 $62K No change
ILMN Illumina Inc. 0.00% 495 $61K Reduce -11.0%
SIRI Sirius XM Holdings Inc. 0.00% 2,625 $61K No change
WBD Warner Bros Discovery Inc. 0.00% 2,095 $58K No change
FVR Frontview REIT Inc. 0.00% 3,714 $57K New
EA Electronic Arts Inc. 0.00% 280 $57K No change
BIO Bio-Rad Laboratories-A 0.00% 204 $57K Add +3.5%
XRN Chiron Real Estate Inc. 0.00% 1,696 $56K New
GH Guardant Health Inc. 0.00% 604 $56K Add +3.4%
RVTY Revvity Inc. 0.00% 631 $55K Add +3.6%
TECH Bio-Techne Corp. 0.00% 1,044 $55K Add +3.5%
ROKU Roku Inc. 0.00% 561 $53K No change
WMG Warner Music Group Corp. Class A 0.00% 2,055 $52K New
ISRG Intuitive Surgical Inc. 0.00% 111 $51K Reduce -98.6%
FPS Forgent Power Solutions Class A 0.00% 1,700 $50K New
ALNY Alnylam Pharmaceuticals Inc. 0.00% 146 $48K Add +3.5%
FOXA Fox Corp. Class A 0.00% 824 $48K No change
WAT Waters Corp. 0.00% 160 $48K Add +3.2%
DOCU Docusign Inc. 0.00% 987 $47K Add +14.2%
RGEN Repligen Corp. 0.00% 391 $46K Add +3.4%
NXRT Nexpoint Residential 0.00% 1,812 $45K New
BRX Brixmor Property Group Inc. 0.00% 1,541 $44K New
NTNX Nutanix Inc. Class A 0.00% 1,142 $43K No change
RSG Republic Services Inc. 0.00% 194 $42K No change
XYZ Block Inc. 0.00% 694 $42K New
WSR Whitestone REIT 0.00% 2,502 $40K New
GLXY Galaxy Digital Inc. Class A 0.00% 2,186 $40K No change
BKKT Bakkt Inc. 0.00% 5,478 $40K New
MARA Mara Holdings Inc. 0.00% 4,733 $39K No change
TV Grupo Televisa SA-Spon ADR 0.00% 12,882 $38K Reduce -95.8%
ESRT Empire State Realty Trust-A 0.00% 6,903 $36K New
AZN Astrazeneca PLC-Spons ADR 0.00% 180 $36K Reduce -70.7%
PSKY Paramount Skydance Class B 0.00% 3,915 $35K New
FSLR First Solar Inc. 0.00% 166 $33K Reduce -95.3%
SNAP Snap Inc. Class A 0.00% 7,103 $33K No change
AHRT Ah Realty Trust Inc. 0.00% 5,928 $33K New
STLD Steel Dynamics Inc. 0.00% 181 $33K No change
CPT Camden Property Trust 0.00% 332 $32K New
HOOD Robinhood Markets Inc. Class A 0.00% 448 $31K Reduce -99.4%
TFSL TFS Financial Corp. 0.00% 2,072 $29K New
SLG SL Green Realty Corp. 0.00% 758 $28K New
UMH Umh Properties Inc. filed as UMH PPTYS INC 0.00% 1,918 $28K New
PYPL PayPal Holdings Inc. 0.00% 611 $28K New
ECHO Echostar Corp. Class A 0.00% 219 $26K New
U Unity Software Inc. 0.00% 1,163 $26K Reduce -6.5%
AWK American Water Works Co. Inc. 0.00% 187 $25K No change
PDM Piedmont Realty Trust Inc. 0.00% 3,738 $25K New
WY Weyerhaeuser Co. 0.00% 995 $24K No change
NSC Norfolk Southern Corp. 0.00% 80 $23K No change
FRT Federal Realty Invs Trust 0.00% 199 $21K New
OHI Omega Healthcare Investors 0.00% 476 $21K No change
ENPH Enphase Energy Inc. 0.00% 540 $20K No change
ELME Elme Communities 0.00% 10,099 $20K New
VTR Ventas Inc. 0.00% 246 $20K New
WAB Wabtec Corp. 0.00% 79 $20K No change
SBET Sharplink Inc. 0.00% 2,934 $19K New
BCS Barclays PLC-Spons ADR 0.00% 865 $18K New
RIVN Rivian Automotive Inc. Class A 0.00% 1,162 $17K No change
BITF Bitfarms Ltd./Canada 0.00% 8,825 $17K New
CMG Chipotle Mexican Grill Inc. 0.00% 535 $17K Reduce -42.0%
BAM Brookfield Asset Mgmt-A 0.00% 338 $15K New
TLN Talen Energy Corp. 0.00% 46 $15K Reduce -99.6%
DAR Darling Ingredients Inc. 0.00% 231 $14K No change
CLH Clean Harbors Inc. 0.00% 48 $14K No change
WFC Wells Fargo & Co. 0.00% 164 $13K New
FWONK Liberty Media Corp. Class C 0.00% 151 $13K New
AES AES Corp. 0.00% 880 $12K Reduce -99.7%
AESI Atlas Energy Solutions Inc. 0.00% 908 $12K New
BLDR Builders Firstsource Inc. 0.00% 143 $12K Reduce -37.5%
XYL Xylem Inc. 0.00% 97 $12K No change
WULF Terawulf Inc. 0.00% 744 $11K New
BWA Borgwarner Inc. 0.00% 194 $11K No change
VSEC Vse Corp. 0.00% 53 $10K New
MOD Modine Manufacturing Co. 0.00% 45 $10K New
LHX L3HARRIS Technologies Inc. 0.00% 28 $10K Reduce -99.7%
ADC Agree Realty Corp. 0.00% 121 $9K No change
AIR Aar Corp. 0.00% 83 $9K New
CAR Avis Budget Group Inc. 0.00% 62 $9K No change
BXP BXP Inc. 0.00% 174 $9K No change
HXL Hexcel Corp. 0.00% 110 $9K No change
EQT Eqt Corp. 0.00% 137 $9K Reduce -32.2%
BALL Ball Corp. 0.00% 147 $9K No change
MSTR Strategy Inc. 0.00% 66 $8K Reduce -74.8%
HD Home Depot Inc. 0.00% 25 $8K Reduce -69.5%
ANET Arista Networks Inc. 0.00% 63 $8K New
BTMCQ Bitcoin Depot Inc. 0.00% 3,535 $8K New
CUZ Cousins Properties Inc. 0.00% 325 $7K No change
SEI Solaris Energy Infrastructur 0.00% 127 $7K New
CWEN.A Clearway Energy Inc. Class A 0.00% 179 $7K No change
WTRG Essential Utilities Inc. 0.00% 171 $7K No change
CWEN Clearway Energy Inc. Class C 0.00% 168 $7K Add +0.6%
BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC 0.00% 66 $6K New
HIW Highwoods Properties Inc. 0.00% 301 $6K No change
TREX Trex Company Inc. filed as TREX INC 0.00% 175 $6K No change
VNO Vornado Realty Trust 0.00% 244 $6K No change
CSL Carlisle Cos Inc. 0.00% 19 $6K No change
FRMI Fermi Inc. 0.00% 1,079 $6K New
CNM Core & Main Inc. Class A 0.00% 126 $6K No change
BA The Boeing Co. 0.00% 31 $6K Reduce -95.8%
PGR Progressive Corp. 0.00% 30 $6K Reduce -80.0%
UUUU Energy Fuels Inc. 0.00% 322 $6K New
BEPC Brookfield Renewable Corp. 0.00% 147 $6K No change
LCID Lucid Group Inc. 0.00% 614 $6K No change
ADBE Adobe Inc. 0.00% 24 $6K Reduce -4.0%
OLLI Ollie's Bargain Outlet Holdi 0.00% 62 $6K New
MAS Masco Corp. 0.00% 94 $6K No change
KRC Kilroy Realty Corp. 0.00% 195 $6K No change
WMS Advanced Drainage Systems Inc. 0.00% 40 $5K No change
LPX Louisiana-Pacific Corp. 0.00% 74 $5K No change
AAON Aaon Inc. 0.00% 65 $5K No change
TTEK Tetra Tech Inc. 0.00% 176 $5K No change
AWI Armstrong World Industries 0.00% 32 $5K No change
BRK.B Berkshire Hathaway Inc. Class B 0.00% 11 $5K Reduce -93.5%
BTCS BTCS Inc. 0.00% 3,714 $5K New
RIOT Riot Platforms Inc. 0.00% 411 $5K Reduce -97.9%
BLD Topbuild Corp. 0.00% 14 $5K No change
AYI Acuity Inc. 0.00% 17 $5K No change
COST Costco Wholesale Corp. 0.00% 4 $4K Reduce -94.2%
CPNG Coupang Inc. 0.00% 190 $4K New
AZO AutoZone Inc. 0.00% 1 $3K Reduce -99.8%
VIP Vulcan Infrastructure and Po filed as GREENIDGE GENERATION HLDGS I 0.00% 2,432 $3K New
TDG Transdigm Group Inc. 0.00% 2 $2K Reduce -95.9%
FLD Fold Holdings Inc. filed as FOLD HLDGS INC 0.00% 1,612 $2K New
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.00% 77 $2K Reduce -90.8%
HIVE Hive Digital Technologies LT 0.00% 1,065 $2K New
HDB HDFC Bank Ltd.-ADR 0.00% 77 $2K Reduce -87.5%
NKE Nike Inc. Class B 0.00% 28 $1K No change
IDAI T Stamp Inc. Class A 0.00% 204 $488 New

Options reported separately and not counted above: SPDR GOLD TR calls ($116.9M), PETROLEO BRASILEIRO S A calls ($6.5M), ISHARES INC calls ($4.0M), SELECT SECTOR SPDR TR calls ($636K), BEST BUY INC calls ($602K), INTEL CORP calls ($311K), COSTAR GROUP INC calls ($49K), NEXTERA ENERGY INC calls ($43K).

Portfolio Sells Q4 2025 → Q1 2026

NU Nu Holdings Ltd./Cayman Isl-A Reduce -99.4% 0.03% −5.14
PXH Inves Rafi Emer MRKT-Usd Inc. Sold out 0.00% −1.93
BAP Credicorp Ltd. Sold out 0.00% −1.90
KOF Coca-Cola Femsa Sab-SP ADR Reduce -77.9% 0.35% −1.22
IWM iShares Russell 2000 ETF Sold out 0.00% −1.13
AAPL Apple Inc. Reduce -65.0% 0.49% −1.05
LTM Latam Airlines Group SA-ADR Reduce -44.1% 1.01% −1.04
PAC Grupo Aeroportuario Pac-ADR Reduce -98.8% 0.01% −1.03
TSLA Tesla Inc. Reduce -87.5% 0.11% −1.01
EEM iShares MSCI Emerging Market Reduce -94.5% 0.06% −0.98
TBBB BBB Foods Inc. Class A Sold out 0.00% −0.87
MSFT Microsoft Corp. Reduce -36.7% 0.66% −0.74
PSR Invesco Active US Real Estat Sold out 0.00% −0.70
SCCO Southern Copper Corp. Sold out 0.00% −0.67
AMZN Amazon.com Inc. Reduce -22.9% 1.41% −0.67
IVV iShares Core S&P 500 ETF Reduce -88.7% 0.08% −0.67
XLF SS Financial Select Sector Reduce -66.1% 0.28% −0.66
AERO Grupo Aeromexico Sab DE CV Sold out 0.00% −0.60
CRWD CrowdStrike Holdings Inc. Class A Sold out 0.00% −0.53
NVDA Nvidia Corp. Reduce -16.4% 1.71% −0.53
CIB Grupo Cibest SA-ADR Reduce -52.3% 0.53% −0.49
BCH Banco DE Chile-ADR Reduce -55.0% 0.33% −0.45
ETN Eaton Corp. PLC Reduce -83.5% 0.10% −0.44
CPA Copa Holdings SA Class A Sold out 0.00% −0.38
GOOGL Alphabet Inc. Class A Reduce -20.2% 0.94% −0.37
IBM Intl Business Machines Corp. Reduce -98.8% 0.00% −0.32
SHV iShares 0-1 Year Treasury Bo Sold out 0.00% −0.29
GGB Gerdau SA -Spon ADR Reduce -29.0% 0.53% −0.26
HOOD Robinhood Markets Inc. Class A Reduce -99.4% 0.00% −0.23
FCX Freeport-McMoran Inc. Sold out 0.00% −0.20
JPM JPMorgan Chase & Co. Reduce -97.7% 0.00% −0.16
NFLX Netflix Inc. Reduce -24.1% 0.49% −0.16
NRG NRG Energy Inc. Sold out 0.00% −0.16
MRK Merck & Co. Inc. Reduce -98.9% 0.00% −0.15
XLB SS Materials Select Sector Reduce -89.1% 0.02% −0.15
GOVT iShares US Treasury Bond ETF Reduce -5.2% 1.59% −0.14
GLD SPDR Gold Shares Reduce -10.3% 2.61% −0.14
STNE Stoneco Ltd. Class A Reduce -70.9% 0.05% −0.14
GGAL Grupo Financiero Galicia-ADR Reduce -2.5% 0.62% −0.13
ISRG Intuitive Surgical Inc. Reduce -98.6% 0.00% −0.11
PATH Uipath Inc. Class A Sold out 0.00% −0.11
TLN Talen Energy Corp. Reduce -99.6% 0.00% −0.10
TSEM Tower Semiconductor Ltd. Sold out 0.00% −0.10
HRL Hormel Foods Corp. Sold out 0.00% −0.10
BOTZ Global X Robotics & Artifici Sold out 0.00% −0.10
CSGP Costar Group Inc. Reduce -40.1% 0.05% −0.09
URI United Rentals Inc. Sold out 0.00% −0.09
AES AES Corp. Reduce -99.7% 0.00% −0.09
IWF iShares Russell 1000 Growth Reduce -2.1% 0.56% −0.09
JBS JBS NV-A Sold out 0.00% −0.08

Portfolio Buys Q4 2025 → Q1 2026

PBR Petroleo Brasileiro-Spon ADR Add +4.8% 10.31% +4.57
VALE Vale SA-SP ADR Add +76.6% 6.80% +3.55
IGOV iShares International Treasu New 2.68% +2.68
FMX Fomento Economico Mex-SP ADR Add +238.6% 3.67% +2.65
SPY SS SPDR S&P 500 ETF Trust-US Add +22.8% 9.12% +1.14
VGK Vanguard Ftse Europe ETF Add +58.3% 3.01% +1.03
EWZ iShares MSCI Brazil ETF New 0.96% +0.96
EWJ iShares MSCI Japan ETF Add +48.8% 2.29% +0.78
AMX America Movil Sab DE CV Add +36.2% 2.02% +0.78
RSP Invesco S&P 500 Equal Weight Add +647380.8% 0.77% +0.77
QQQ Invesco QQQ Trust Series 1 Add +1649.0% 0.73% +0.68
BVN Cia DE Minas Buenaventur-ADR New 0.63% +0.63
MU Micron Technology Inc. Add +211.1% 0.69% +0.50
XLC SS Comm Select Sector SPDR Add +341.8% 0.64% +0.48
BBD Banco Bradesco-ADR Add +4.7% 4.28% +0.48
BBAR Bbva Argentina SA-ADR New 0.47% +0.47
MELI MercadoLibre Inc. Add +61.7% 1.89% +0.46
VOO Vanguard S&P 500 ETF Add +14.9% 6.74% +0.43
VTMX Corp. Inmobiliaria Vesta-ADR Add +263.1% 0.55% +0.41
CX Cemex Sab-Spons ADR Part Cer Add +19.2% 3.48% +0.40
V Visa Inc. Class A Add +157.0% 0.74% +0.40
BMA Banco Macro SA-ADR Add +3541.7% 0.41% +0.39
NTES Netease Inc.-ADR New 0.37% +0.37
META Meta Platforms Inc. Class A Add +62.8% 1.26% +0.34
MA Mastercard Inc. Class A Add +2448.6% 0.31% +0.29
SPGI S&P Global Inc. Add +289.5% 0.38% +0.26
SBS Cia Saneamento Basico DE-ADR Add +80.1% 0.46% +0.25
ELPC Cia Paranaense DE Ener-ADR Add +344.2% 0.26% +0.22
VRT Vertiv Holdings Co. Class A Add +1234.5% 0.18% +0.17
TLT iShares 20+ Year Treasury BD Add +242.9% 0.25% +0.17
SMH Vaneck Semiconductor ETF New 0.17% +0.17
TER Teradyne Inc. New 0.16% +0.16
DBX ETF TR Add +877726.1% 0.16% +0.16
PDD PDD Holdings Inc. Add +60.9% 0.54% +0.16
IVW iShares S&P 500 Growth ETF Add +106.5% 0.30% +0.14
ICE Intercontinental Exchange Inc. New 0.13% +0.13
PAM Pampa Energia SA-Spon ADR Add +46.7% 0.37% +0.12
XLY SS Consumer Disc Select Sect Add +88.4% 0.27% +0.11
USMV iShares MSCI USA Min Vol Fac New 0.11% +0.11
BLK BlackRock Inc. New 0.10% +0.10
AMD Advanced Micro Devices Add +582.6% 0.12% +0.10
SGML Sigma Lithium Corp. New 0.09% +0.09
ECH iShares MSCI Chile ETF New 0.09% +0.09
CAT Caterpillar Inc. New 0.09% +0.09
XLK SS Technology Select Sector Add +60.6% 0.27% +0.08
TTWO Take-Two Interactive Softwre Add +7359.3% 0.08% +0.08
VST Vistra Corp. Add +2577.5% 0.08% +0.08
ARM Arm Holdings PLC-ADR Add +32.8% 0.17% +0.07
MSGS Madison Square Garden Sports New 0.07% +0.07
TKO Tko Group Holdings Inc. New 0.07% +0.07

Options Activity Q4 2025 → Q1 2026

SPDR GOLD TR call Add +18.7% 4,450 $116.9M
PETROLEO BRASILEIRO S A call New 8,000 $6.5M
ISHARES INC call New 1,500 $4.0M
SELECT SECTOR SPDR TR call New 500 $636K
BEST BUY INC call Add +20.0% 2,820 $602K
INTEL CORP call Reduce -75.0% 500 $311K
COSTAR GROUP INC call New 364 $49K

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