JGP Global Gestao de Recursos Ltda.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 9, 2024), JGP Global Gestao de Recursos Ltda. reported 58 stock positions worth $155.5 million. Its top holding was BYD Class H (BYDDF) at 25.9% of the portfolio, followed by XP Class A (XP, 19.2%) and Stoneco Class A (STNE, 11.4%). Compared with Q4 2023, it opened 19 new positions, sold out of 15, added to 15 and reduced 20. The biggest buy was a new position in BYD Class H (BYDDF) and the biggest sale an exit from Boyd Gaming (BYD).
- Most Recent 13F
- Q2 2026
- Location
- RIO DE JANEIRO, D5
- CIK
- 0001536562
- Portfolio Value
- $155.5M (Q1 2024)
- SEC Filing
- 0001536562-24-000005 ↗ filed May 9, 2024
Holdings Value
Holdings 58 stocks · $155.5M
| BYDDF BYD Co. Ltd. Class H | 25.93% | 200,000 | $40.3M | New |
| XP XP Inc. Class A | 19.23% | 1,165,000 | $29.9M | Add +63.4% |
| STNE Stoneco Ltd. Class A | 11.38% | 1,065,700 | $17.7M | New |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 11.20% | 1,460,000 | $17.4M | Reduce -51.0% |
| NGD New Gold Inc. | 4.18% | 3,823,527 | $6.5M | New |
| SRUUF Sprott Physical Uranium TR | 3.95% | 220,000 | $6.1M | New |
| DSKYF Daiichi Sankyo Co. Ltd. | 3.89% | 1,262 | $6.1M | Reduce -74.0% |
| RYTM Rhythm Pharmaceuticals Inc. | 2.95% | 105,814 | $4.6M | Add +1760.3% |
| LTHCF Lithium Ionic Corp. | 1.95% | 4,265,047 | $3.0M | Add +92.5% |
| CUCSF China Communications Servi-H | 1.17% | 500,000 | $1.8M | New |
| INCY Incyte Corp. | 1.15% | 31,440 | $1.8M | Add +0.4% |
| LLY Eli Lilly & Co. | 1.09% | 2,177 | $1.7M | Reduce -6.9% |
| ONC Beone Medicines Ltd.-ADR filed as BEIGENE LTD | 1.05% | 10,471 | $1.6M | Add +6.4% |
| INTR Inter & Co. Inc. Class A | 0.84% | 229,172 | $1.3M | New |
| SPGI S&P Global Inc. | 0.82% | 3,000 | $1.3M | Add +172.7% |
| UNH Unitedhealth Group Inc. | 0.77% | 2,430 | $1.2M | Reduce -22.3% |
| TMO Thermo Fisher Scientific Inc. | 0.52% | 1,404 | $816K | Reduce -25.0% |
| ISRG Intuitive Surgical Inc. | 0.46% | 1,785 | $712K | Reduce -16.8% |
| ACAD Acadia Pharmaceuticals Inc. | 0.44% | 36,755 | $680K | Add +1.8% |
| GDX Vaneck Gold Miners ETF | 0.43% | 21,093 | $667K | Reduce -50.0% |
| MRK Merck & Co. Inc. | 0.43% | 5,053 | $667K | Reduce -18.2% |
| ELV Elevance Health Inc. | 0.39% | 1,184 | $614K | Reduce -0.4% |
| SYK Stryker Corp. | 0.39% | 1,709 | $612K | Reduce -5.3% |
| J Jacobs Solutions Inc. | 0.36% | 3,616 | $556K | Add +82.3% |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 0.32% | 25,000 | $495K | New |
| DHR Danaher Corp. | 0.30% | 1,883 | $470K | Reduce -33.2% |
| VRTX Vertex Pharmaceuticals Inc. | 0.28% | 1,058 | $442K | Reduce -29.1% |
| BMRN Biomarin Pharmaceutical Inc. | 0.24% | 4,225 | $369K | Add +34.9% |
| MDGL Madrigal Pharmaceuticals Inc. | 0.23% | 1,333 | $356K | Add +2.1% |
| ARGX Argenx SE - ADR | 0.23% | 896 | $353K | Reduce -10.0% |
| UBS UBS Group AG-Reg | 0.21% | 10,723 | $329K | New |
| REGN Regeneron Pharmaceuticals | 0.21% | 333 | $321K | Reduce -59.2% |
| MOH Molina Healthcare Inc. | 0.21% | 778 | $320K | Reduce -14.5% |
| AZN Astrazeneca PLC-Spons ADR | 0.20% | 4,686 | $317K | Reduce -52.0% |
| AMGN Amgen Inc. | 0.19% | 1,060 | $301K | New |
| XOM Exxon Mobil Corp. | 0.19% | 2,513 | $292K | New |
| STT State Street Corp. | 0.19% | 3,723 | $288K | New |
| IMCR Immunocore Holdings PLC-ADR | 0.18% | 4,253 | $276K | Add +26.2% |
| AMZN Amazon.com Inc. | 0.18% | 1,529 | $276K | New |
| SHEL Shell PLC-ADR | 0.17% | 3,975 | $266K | No change |
| GGAL Grupo Financiero Galicia-ADR | 0.16% | 10,000 | $254K | New |
| CI The Cigna Group | 0.15% | 643 | $234K | Reduce -24.4% |
| AGI Alamos Gold Inc. Class A | 0.15% | 15,452 | $228K | New |
| AEM Agnico Eagle Mines Ltd. | 0.14% | 3,765 | $225K | New |
| GNMSF Genmab A/S | 0.14% | 106 | $221K | Reduce -72.8% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.14% | 1,668 | $214K | New |
| KYMR Kymera Therapeutics Inc. | 0.13% | 5,183 | $208K | New |
| BDX Becton Dickinson and Co. | 0.13% | 822 | $203K | Reduce -40.4% |
| ITUB Itau Unibanco H-Spon PRF ADR | 0.08% | 17,483 | $121K | New |
| ROIV Roivant Sciences Ltd. | 0.07% | 10,036 | $106K | New |
| ABCL Abcellera Biologics Inc. | 0.05% | 17,779 | $81K | Add +2.1% |
| KOD Kodiak Sciences Inc. | 0.05% | 14,957 | $79K | Reduce -0.8% |
| SPINNOVA OYJ | 0.04% | 34,089 | $59K | No change |
| BCRX Biocryst Pharmaceuticals Inc. | 0.04% | 10,865 | $55K | Add +2.0% |
| CERS Cerus Corp. | 0.02% | 14,539 | $27K | Add +2.2% |
| DBV TECHNOLOGIES S A | 0.01% | 11,907 | $9K | Add +2.1% |
| OI SA filed as OI SA-ADR | 0.00% | 575,000 | $460 | No change |
| SBRCY Sberbank PJSC -Sponsored ADR | 0.00% | 160,000 | $0 | No change |
Options reported separately and not counted above: STNE puts ($81K), TXT puts ($25K), XP puts ($14K).
Portfolio Sells Q4 2023 → Q1 2024
| BYD Boyd Gaming Corp. | Sold out | 0.00% | −38.57 |
| DSKYF Daiichi Sankyo Co. Ltd. | Reduce -74.0% | 3.89% | −7.36 |
| EWZ iShares MSCI Brazil ETF | Sold out | 0.00% | −4.19 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -51.0% | 11.20% | −3.67 |
| SGML Sigma Lithium Corp. | Sold out | 0.00% | −3.51 |
| GNMSF Genmab A/S | Reduce -72.8% | 0.14% | −0.36 |
| GDX Vaneck Gold Miners ETF | Reduce -50.0% | 0.43% | −0.36 |
| HUM Humana Inc. | Sold out | 0.00% | −0.23 |
| REGN Regeneron Pharmaceuticals | Reduce -59.2% | 0.21% | −0.22 |
| A Agilent Technologies Inc. | Sold out | 0.00% | −0.22 |
| UNH Unitedhealth Group Inc. | Reduce -22.3% | 0.77% | −0.21 |
| ALNY Alnylam Pharmaceuticals Inc. | Sold out | 0.00% | −0.21 |
| VINP Vinci Compass Investments LT | Sold out | 0.00% | −0.20 |
| UBSUF UBS-Bearer | Sold out | 0.00% | −0.20 |
| ABBV Abbvie Inc. | Sold out | 0.00% | −0.19 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -52.0% | 0.20% | −0.19 |
| CNC Centene Corp. | Sold out | 0.00% | −0.18 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −0.18 |
| PFE Pfizer Inc. | Sold out | 0.00% | −0.15 |
| KRTX Karuna Therapeutics Inc. | Sold out | 0.00% | −0.13 |
| PEN Penumbra Inc. | Sold out | 0.00% | −0.12 |
| HCA HCA Healthcare Inc. | Sold out | 0.00% | −0.12 |
| DHR Danaher Corp. | Reduce -33.2% | 0.30% | −0.09 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -29.1% | 0.28% | −0.08 |
| TMO Thermo Fisher Scientific Inc. | Reduce -25.0% | 0.52% | −0.07 |
| BDX Becton Dickinson and Co. | Reduce -40.4% | 0.13% | −0.07 |
| CI The Cigna Group | Reduce -24.4% | 0.15% | −0.00 |
| ARGX Argenx SE - ADR | Reduce -10.0% | 0.23% | −0.00 |
| MOH Molina Healthcare Inc. | Reduce -14.5% | 0.21% | +0.01 |
| KOD Kodiak Sciences Inc. | Reduce -0.8% | 0.05% | +0.02 |
| ISRG Intuitive Surgical Inc. | Reduce -16.8% | 0.46% | +0.02 |
| MRK Merck & Co. Inc. | Reduce -18.2% | 0.43% | +0.03 |
| ELV Elevance Health Inc. | Reduce -0.4% | 0.39% | +0.06 |
| SYK Stryker Corp. | Reduce -5.3% | 0.39% | +0.07 |
| LLY Eli Lilly & Co. | Reduce -6.9% | 1.09% | +0.27 |
Portfolio Buys Q4 2023 → Q1 2024
| BYDDF BYD Co. Ltd. Class H | New | 25.93% | +25.93 |
| STNE Stoneco Ltd. Class A | New | 11.38% | +11.38 |
| XP XP Inc. Class A | Add +63.4% | 19.23% | +8.08 |
| NGD New Gold Inc. | New | 4.18% | +4.18 |
| SRUUF Sprott Physical Uranium TR | New | 3.95% | +3.95 |
| RYTM Rhythm Pharmaceuticals Inc. | Add +1760.3% | 2.95% | +2.79 |
| CUCSF China Communications Servi-H | New | 1.17% | +1.17 |
| INTR Inter & Co. Inc. Class A | New | 0.84% | +0.84 |
| SPGI S&P Global Inc. | Add +172.7% | 0.82% | +0.53 |
| YPF YPF S.A.-Sponsored ADR | New | 0.32% | +0.32 |
| UBS UBS Group AG-Reg | New | 0.21% | +0.21 |
| J Jacobs Solutions Inc. | Add +82.3% | 0.36% | +0.20 |
| AMGN Amgen Inc. | New | 0.19% | +0.19 |
| XOM Exxon Mobil Corp. | New | 0.19% | +0.19 |
| STT State Street Corp. | New | 0.19% | +0.19 |
| AMZN Amazon.com Inc. | New | 0.18% | +0.18 |
| GGAL Grupo Financiero Galicia-ADR | New | 0.16% | +0.16 |
| AGI Alamos Gold Inc. Class A | New | 0.15% | +0.15 |
| AEM Agnico Eagle Mines Ltd. | New | 0.14% | +0.14 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.14% | +0.14 |
| KYMR Kymera Therapeutics Inc. | New | 0.13% | +0.13 |
| ITUB Itau Unibanco H-Spon PRF ADR | New | 0.08% | +0.08 |
| ROIV Roivant Sciences Ltd. | New | 0.07% | +0.07 |
| BMRN Biomarin Pharmaceutical Inc. | Add +34.9% | 0.24% | +0.06 |
| MDGL Madrigal Pharmaceuticals Inc. | Add +2.1% | 0.23% | +0.05 |
| IMCR Immunocore Holdings PLC-ADR | Add +26.2% | 0.18% | +0.04 |
| CERS Cerus Corp. | Add +2.2% | 0.02% | −0.00 |
| DBV TECHNOLOGIES S A | Add +2.1% | 0.01% | −0.00 |
| BCRX Biocryst Pharmaceuticals Inc. | Add +2.0% | 0.04% | −0.00 |
| ABCL Abcellera Biologics Inc. | Add +2.1% | 0.05% | −0.01 |
| ONC Beone Medicines Ltd.-ADR | Add +6.4% | 1.05% | −0.01 |
| INCY Incyte Corp. | Add +0.4% | 1.15% | −0.03 |
| ACAD Acadia Pharmaceuticals Inc. | Add +1.8% | 0.44% | −0.24 |
| LTHCF Lithium Ionic Corp. | Add +92.5% | 1.95% | −0.38 |
Options Activity Q4 2023 → Q1 2024
| STNE Stoneco Ltd. Class A | put | New | 6,500 | $81K |
| TXT Textron Inc. | put | New | 2,000 | $25K |
| XP XP Inc. Class A | put | New | 2,300 | $14K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 29 | $44.8M | XP, SPY, SFTBY, VEON, PROSY |
| Q1 2026 | 23 | $22.3M | STNE, XP, NU, LLY, ABBV |
| Q4 2025 | 44 | $168.9M | NGD, STNE, SOLS, RRC, NU |
| Q3 2025 | 32 | $171.4M | NGD, STNE, XP, NU, ONC |
| Q2 2025 | 45 | $204.3M | STNE, NGD, XP, KTOS, IBIT |
| Q1 2025 | 34 | $130.7M | STNE, NGD, PPLT, XP, CAPRI HOLDINGS LTD |
| Q4 2024 | 39 | $43.9M | NGD, STNE, LLY, ONC, INCY |
| Q3 2024 | 39 | $51.1M | NGD, STNE, RYTM, LLY, ONC |
| Q2 2024 | 41 | $78.8M | STNE, NU, CUCSF, DSKYF, SPGI |
| Q1 2024 | 58 | $155.5M | BYDDF, XP, STNE, NU, NGD |