Kapitalo Investimentos Ltda

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Kapitalo Investimentos Ltda reported 274 stock positions worth $149.5 million. Its top holding was Hess (HES) at 19.7% of the portfolio, followed by Rio Tinto PLC-Spon ADR (RIO, 10.2%) and Walt Disney (DIS, 9.6%). Compared with Q3 2024, it opened 207 new positions, sold out of 88, added to 17 and reduced 47. The biggest buy was a new position in Walt Disney (DIS) and the biggest sale an exit from iShares China Large-Cap ETF (FXI).

Most Recent 13F
Q2 2026
Location
SAO PAULO, D5
CIK
0001798686
Portfolio Value
$149.5M (Q4 2024)
SEC Filing
0001013594-25-000307 ↗ filed Feb 14, 2025

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $453.9M Q1 2024 Q2 2024: $333.1M Q2 2024 Q3 2024: $409.4M Q3 2024 Q4 2024: $149.5M $149.5M Q4 2024 Q1 2025: $492.8M Q1 2025 Q2 2025: $458.6M Q2 2025 Q3 2025: $533.5M Q3 2025 Q4 2025: $522.4M Q4 2025 Q1 2026: $530.9M Q1 2026 Q2 2026: $1.3B Q2 2026

Holdings 274 stocks · $149.5M
HES Hess Corp. 19.74% 221,809 $29.5M Reduce -0.2%
RIO Rio Tinto PLC-Spon ADR 10.15% 258,000 $15.2M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 9.56% 128,347 $14.3M New
MSFT Microsoft Corp. 7.90% 28,027 $11.8M Reduce -1.8%
ALE Allete Inc. 5.85% 134,889 $8.7M New
ACI Albertsons Cos Inc. Class A 5.76% 438,054 $8.6M Reduce -10.3%
ERO Ero Copper Corp. 5.22% 578,767 $7.8M Add +12.9%
SUZ Suzano SA - Spon ADR 2.26% 333,534 $3.4M Reduce -90.6%
EVEX Eve Holding Inc. filed as EVE HLDG INC 1.82% 500,000 $2.7M No change
XP XP Inc. Class A 1.79% 225,664 $2.7M No change
CHX Championx Corp. 1.17% 64,337 $1.7M Reduce -6.3%
EMBJ Embraer SA-Spon ADR 0.98% 39,948 $1.5M New
AZUL S A 0.60% 538,861 $900K Add +505.4%
MO Altria Group Inc. 0.56% 16,050 $839K Add +11.4%
FOXA Fox Corp. Class A 0.55% 17,023 $827K Reduce -14.3%
BRFS BRF SA-ADR 0.44% 163,014 $663K New
OVV Ovintiv Inc. 0.43% 15,871 $643K New
EOG EOG Resources Inc. 0.40% 4,936 $605K Reduce -2.2%
XOM Exxon Mobil Corp. 0.36% 5,069 $545K Add +13.3%
LYV Live Nation Entertainment Inc. 0.35% 3,989 $517K New
EXEL Exelixis Inc. 0.31% 13,946 $464K Reduce -30.7%
UGI Ugi Corp. 0.31% 16,189 $457K New
HOLX Hologic Inc. 0.30% 6,288 $453K Add +38.1%
OHI Omega Healthcare Investors 0.30% 11,769 $445K Add +57.7%
COP Conocophillips 0.30% 4,459 $442K Add +24.7%
LNG Cheniere Energy Inc. 0.29% 2,000 $430K Reduce -50.5%
ATR Aptargroup Inc. 0.28% 2,698 $424K New
ADC Agree Realty Corp. 0.28% 5,869 $413K Add +23.1%
ATO Atmos Energy Corp. 0.27% 2,930 $408K New
COR Cencora Inc. 0.27% 1,813 $407K Add +4.3%
LUMN Lumen Technologies Inc. 0.26% 73,468 $390K Add +63.9%
WELL Welltower Inc. 0.26% 3,077 $388K New
VTR Ventas Inc. 0.25% 6,459 $380K New
TIMB Tim SA-ADR 0.24% 30,868 $363K New
KMB Kimberly-Clark Corp. 0.24% 2,740 $359K New
MSI Motorola Solutions Inc. 0.24% 770 $356K Add +41.3%
JNJ Johnson & Johnson 0.23% 2,429 $351K New
NWSA News Corp. Class A 0.23% 12,665 $349K Reduce -46.8%
ELS Equity Lifestyle Properties 0.23% 5,133 $342K New
CACI Caci International Inc. Class A 0.22% 819 $331K Reduce -20.7%
XLB SS Materials Select Sector 0.22% 3,925 $330K New
ARCC Ares Capital Corp. 0.21% 14,478 $317K New
PPL PPL Corp. 0.20% 9,439 $306K Add +46.6%
INCY Incyte Corp. 0.20% 4,403 $304K New
CAH Cardinal Health Inc. 0.20% 2,494 $295K New
EXC Exelon Corp. 0.19% 7,709 $290K New
TXRH Texas Roadhouse Inc. 0.19% 1,590 $287K Reduce -31.2%
AXTA Axalta Coating Systems Ltd. 0.19% 8,277 $283K Add +9.8%
CMC Commercial Metals Co. 0.19% 5,660 $281K Reduce -26.0%
AIT Applied Industrial Tech Inc. 0.19% 1,172 $281K New
CHWY Chewy Inc. Class A 0.19% 8,261 $277K New
PARAA Paramount Global Class B 0.18% 26,344 $276K New
AWI Armstrong World Industries 0.18% 1,943 $275K New
CSCO Cisco Systems Inc. 0.18% 4,607 $273K New
CTRA Coterra Energy Inc. 0.18% 10,477 $268K New
KIM Kimco Realty Corp. 0.18% 11,349 $266K New
EME Emcor Group Inc. 0.17% 573 $260K New
COKE Coca-Cola Consolidated Inc. 0.17% 205 $258K Reduce -50.6%
CPNG Coupang Inc. 0.17% 11,748 $258K New
XLU St Sr Utl SL SE SPDR ETF-Usd 0.17% 3,409 $258K New
DHI D.R. Horton Inc. 0.17% 1,840 $257K New
RHP Ryman Hospitality Properties 0.17% 2,457 $256K Reduce -29.9%
XLV SS Health Care Select Sector 0.17% 1,863 $256K New
XLRE SS Real Estate Select Sector 0.17% 6,170 $251K New
TMHC Taylor Morrison Home Corp. 0.17% 4,049 $248K New
VMI Valmont Industries 0.17% 808 $248K New
DCI Donaldson Co. Inc. 0.16% 3,650 $246K Add +2.9%
BAH Booz Allen Hamilton Holdings 0.16% 1,889 $243K New
EXPE Expedia Group Inc. 0.16% 1,290 $240K New
LDOS Leidos Holdings Inc. 0.16% 1,663 $240K New
KMI Kinder Morgan Inc. 0.16% 8,665 $237K Reduce -17.7%
NVR NVR Inc. 0.16% 29 $237K New
MATX Matson Inc. 0.16% 1,750 $236K New
TRGP Targa Resources Corp. 0.16% 1,319 $235K Reduce -37.0%
CNX CNX Resources Corp. 0.16% 6,331 $232K New
EMN Eastman Chemical Co. 0.15% 2,530 $231K New
KRG Kite Realty Group Trust 0.15% 8,922 $225K New
BIIB Biogen Inc. 0.15% 1,472 $225K Add +25.5%
SYY Sysco Corp. 0.15% 2,938 $225K New
NI Nisource Inc. 0.15% 6,107 $224K Reduce -32.9%
BIPC Brookfield Infrastructure-A 0.15% 5,527 $221K New
DTM DT Midstream Inc. 0.15% 2,208 $220K Reduce -64.1%
MAS Masco Corp. 0.14% 2,981 $216K New
DDS Dillards Inc. Class A 0.14% 486 $210K Reduce -58.2%
RGA Reinsurance Group of America 0.14% 977 $209K New
BYD Boyd Gaming Corp. 0.14% 2,872 $208K New
JNPR Juniper Networks Inc. 0.14% 5,526 $207K Reduce -56.8%
CHRW C.H. Robinson Worldwide Inc. 0.14% 1,982 $205K New
WCC Wesco International Inc. 0.13% 1,107 $200K New
MMSI Merit Medical Systems Inc. 0.13% 2,061 $199K New
BRO Brown & Brown Inc. 0.13% 1,953 $199K New
NTNX Nutanix Inc. Class A 0.13% 3,177 $194K New
DASH DoorDash Inc. Class A 0.13% 1,119 $188K New
ETR Entergy Corp. 0.12% 2,460 $187K New
GDDY GoDaddy Inc. Class A 0.12% 929 $183K Reduce -78.3%
MTDR Matador Resources Co. 0.12% 3,243 $182K New
RJF Raymond James Financial Inc. 0.12% 1,174 $182K New
CUBE Cubesmart 0.12% 4,220 $181K New
NXST Nexstar Media Group Inc. 0.12% 1,136 $179K New
DBX Dropbox Inc. Class A 0.12% 5,971 $179K New
ACT Enact Holdings Inc. 0.12% 5,532 $179K Reduce -54.6%
SNA Snap-on Inc. 0.12% 524 $178K Reduce -26.8%
LOW Lowe's Cos Inc. 0.12% 717 $177K New
USFD US Foods Holding Corp. 0.12% 2,601 $175K New
CSL Carlisle Cos Inc. 0.12% 474 $175K Reduce -8.0%
REYN Reynolds Consumer Products I 0.12% 6,477 $175K Reduce -5.2%
CRS Carpenter Technology 0.12% 1,020 $173K New
PEP Pepsico Inc. 0.11% 1,123 $171K New
PFGC Performance Food Group Co. 0.11% 1,980 $167K New
NUE Nucor Corp. 0.11% 1,426 $166K Add +4.3%
SEIC Sei Investments Company 0.11% 1,983 $164K New
FLS Flowserve Corp. 0.11% 2,804 $161K Reduce -41.2%
LYB Lyondellbasell Indu Class A 0.11% 2,145 $159K Add +2.2%
DVA Davita Inc. 0.11% 1,061 $159K New
GMED Globus Medical Inc. Class A 0.10% 1,897 $157K New
CHH Choice Hotels Intl Inc. 0.10% 1,093 $155K New
AVB Avalonbay Communities Inc. 0.10% 698 $154K New
RSG Republic Services Inc. 0.10% 750 $151K New
DINO HF Sinclair Corp. 0.10% 4,276 $150K New
PM Philip Morris International 0.10% 1,244 $150K New
HCA HCA Healthcare Inc. 0.10% 491 $147K New
RLI Rli Corp. 0.10% 867 $143K New
MAT Mattel Inc. 0.09% 7,867 $139K New
CAVA Cava Group Inc. 0.09% 1,234 $139K New
COLM Columbia Sportswear Co. 0.09% 1,655 $139K New
CVLT Commvault Systems Inc. 0.09% 920 $139K Reduce -66.6%
ENSG The Ensign Group Inc. 0.09% 1,029 $137K New
URI United Rentals Inc. 0.09% 194 $137K New
MNST Monster Beverage Corp. 0.09% 2,514 $132K New
STRL Sterling Infrastructure Inc. 0.09% 781 $132K New
TGT Target Corp. 0.09% 965 $130K New
FELE Franklin Electric Co. Inc. 0.09% 1,308 $127K New
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.08% 1,626 $125K New
PIPR Piper Sandler Cos 0.08% 413 $124K New
NVDA Nvidia Corp. 0.08% 918 $123K New
KR Kroger Co. 0.08% 2,010 $123K Reduce -55.8%
CWAN Clearwater Analytics HDS-A 0.08% 4,408 $121K New
CRM Salesforce Inc. 0.08% 362 $121K New
FMC FMC Corp. 0.08% 2,489 $121K New
LPX Louisiana-Pacific Corp. 0.08% 1,163 $120K Reduce -53.5%
TOL Toll Brothers Inc. 0.08% 953 $120K New
BILL Bill Holdings Inc. 0.08% 1,394 $118K New
NXT Nextpower Inc. filed as NEXTRACKER INC 0.08% 3,190 $117K New
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.08% 1,023 $116K New
CAT Caterpillar Inc. 0.08% 316 $115K Reduce -46.3%
MHK Mohawk Industries Inc. 0.08% 960 $114K New
GEN Gen Digital Inc. 0.08% 4,146 $114K New
PAG Penske Automotive Group Inc. 0.08% 743 $113K Reduce -78.0%
SPG Simon Property Group Inc. 0.08% 654 $113K New
XLP SS Consumer Staples Sel Sect 0.07% 1,414 $111K New
GILD Gilead Sciences Inc. 0.07% 1,186 $110K New
DAR Darling Ingredients Inc. 0.07% 3,229 $109K New
EAT Brinker International Inc. 0.07% 793 $105K New
HLI Houlihan Lokey Inc. 0.07% 604 $105K New
IOT Samsara Inc. Class A 0.07% 2,389 $104K New
RVMD Revolution Medicines Inc. 0.07% 2,370 $104K New
RTX RTX Corp. 0.07% 893 $103K New
AMP Ameriprise Financial Inc. 0.07% 193 $103K New
CPT Camden Property Trust 0.07% 883 $102K Reduce -70.7%
UNM Unum Group 0.07% 1,397 $102K New
GNRC Generac Holdings Inc. 0.07% 656 $102K New
EWBC East West Bancorp Inc. 0.07% 1,045 $100K New
RF Regions Financial Corp. 0.07% 4,177 $98K New
CCI Crown Castle Inc. 0.07% 1,076 $98K New
NRG NRG Energy Inc. 0.07% 1,082 $98K Reduce -72.1%
ORI Old Republic Intl Corp. 0.06% 2,671 $97K New
TDY Teledyne Technologies Inc. 0.06% 203 $94K New
FTNT Fortinet Inc. 0.06% 994 $94K New
AIZ Assurant Inc. 0.06% 438 $93K New
MSGS Madison Square Garden Sports 0.06% 406 $92K New
HQY Healthequity Inc. 0.06% 933 $90K New
CSW CSW Industrials Inc. 0.06% 251 $89K New
PFE Pfizer Inc. 0.06% 3,336 $89K New
AMG Affiliated Managers Group 0.06% 475 $88K Reduce -69.4%
AN Autonation Inc. 0.06% 512 $87K Reduce -70.0%
PBR Petroleo Brasileiro-Spon ADR 0.06% 6,663 $86K New
HRB H&R Block Inc. filed as BLOCK H & R INC 0.06% 1,614 $85K New
RCL Royal Caribbean Cruises Ltd. 0.06% 369 $85K New
AXIAY Axia Energia-ADR filed as CENTRAIS ELETRICAS BRASILEIR 0.06% 14,823 $85K Reduce -93.3%
NFLX Netflix Inc. 0.06% 94 $84K New
OKE Oneok Inc. 0.06% 823 $83K Reduce -78.5%
JXN Jackson Financial Inc. Class A 0.05% 902 $79K New
ADT Adt Inc. 0.05% 11,285 $78K Reduce -34.9%
PNFP Pinnacle Financial Partners 0.05% 678 $78K New
DT Dynatrace Inc. 0.05% 1,367 $74K New
DLB Dolby Laboratories Inc. Class A 0.05% 905 $71K New
DAL Delta Air Lines Inc. 0.05% 1,164 $70K New
COOP Mr Cooper Group Inc. 0.05% 726 $70K New
SSNC Ss&c Technologies Holdings 0.05% 904 $69K New
INTU Intuit Inc. 0.05% 108 $68K New
ZBRA Zebra Technologies Corp. Class A 0.05% 175 $68K New
PECO Phillips Edison & Company Inc. 0.05% 1,802 $68K New
HLNE Hamilton Lane Inc. Class A 0.04% 440 $65K New
VKTX Viking Therapeutics Inc. 0.04% 1,568 $63K New
ACM Aecom 0.04% 585 $62K New
NDSN Nordson Corp. 0.04% 296 $62K New
UFPI Ufp Industries Inc. 0.04% 543 $61K New
MMM 3M Co. 0.04% 469 $61K New
R Ryder System Inc. 0.04% 379 $59K New
ITT Itt Inc. 0.04% 414 $59K New
NEU Newmarket Corp. 0.04% 111 $59K New
SAIC Science Applications Inte 0.04% 523 $58K New
LOGI Logitech International-Reg 0.04% 662 $55K Reduce -79.2%
BAM Brookfield Asset Mgmt-A 0.04% 995 $54K New
CVNA Carvana Co. 0.04% 264 $54K Reduce -79.0%
ZBH Zimmer Biomet Holdings Inc. 0.04% 506 $53K New
ISRG Intuitive Surgical Inc. 0.03% 100 $52K New
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.03% 712 $51K New
PCAR Paccar Inc. 0.03% 491 $51K New
FRT Federal Realty Invs Trust 0.03% 456 $51K New
PTC PTC Inc. 0.03% 277 $51K New
EDR Endeavor Group Hold Class A 0.03% 1,624 $51K New
DOCS Doximity Inc. Class A 0.03% 944 $50K New
THC Tenet Healthcare Corp. 0.03% 387 $49K Reduce -70.2%
BWA Borgwarner Inc. 0.03% 1,505 $48K New
ESAB Esab Corp. 0.03% 395 $47K New
PVH PVH Corp. 0.03% 446 $47K New
TRU Transunion 0.03% 507 $47K New
MLM Martin Marietta Materials 0.03% 91 $47K New
SPGI S&P Global Inc. 0.03% 94 $47K New
APP AppLovin Corp. Class A 0.03% 142 $46K New
DOC Healthpeak Properties Inc. 0.03% 2,268 $46K New
MAIN Main Street Capital Corp. 0.03% 773 $45K New
ICE Intercontinental Exchange Inc. 0.03% 298 $44K New
FNF Fidelity National Financial 0.03% 790 $44K New
EVR Evercore Inc. Class A 0.03% 159 $44K New
ANSS Ansys Inc. 0.03% 126 $43K New
POST Post Holdings Inc. filed as POST HLDGS INC 0.03% 368 $42K Reduce -85.3%
COLB Columbia Banking System Inc. 0.03% 1,546 $42K New
UNH Unitedhealth Group Inc. 0.03% 81 $41K New
TYL Tyler Technologies Inc. 0.03% 69 $40K New
BKNG Booking Holdings Inc. 0.03% 8 $40K New
OTIS Otis Worldwide Corp. 0.03% 426 $39K New
VTRS Viatris Inc. 0.03% 3,101 $39K New
NDAQ Nasdaq Inc. 0.02% 478 $37K New
PEG Public Service Enterprise GP 0.02% 429 $36K Reduce -90.2%
CNC Centene Corp. 0.02% 595 $36K Reduce -88.1%
RYAN Ryan Specialty Holdings Inc. 0.02% 558 $36K New
VMC Vulcan Materials Co. 0.02% 138 $35K New
MAR Marriott International Class A 0.02% 121 $34K New
LTH Life Time Group Holdings Inc. 0.02% 1,501 $33K New
HPQ HP Inc. 0.02% 986 $32K Reduce -87.2%
SBUX Starbucks Corp. 0.02% 349 $32K New
LNC Lincoln National Corp. 0.02% 996 $32K New
CLH Clean Harbors Inc. 0.02% 137 $32K New
HWM Howmet Aerospace Inc. 0.02% 277 $30K New
FTAI Ftai Aviation Ltd. 0.02% 209 $30K New
TRV The Travelers Cos Inc. 0.02% 124 $30K New
ALL Allstate Corp. 0.02% 150 $29K New
CBSH Commerce Bancshares Inc. 0.02% 415 $26K New
SHAK Shake Shack Inc. Class A 0.02% 176 $23K New
GPC Genuine Parts Co. 0.01% 190 $22K New
XPO Xpo Inc. 0.01% 168 $22K New
FDS Factset Research Systems Inc. 0.01% 43 $21K New
LBRDK Liberty Broadband-C 0.01% 258 $19K New
L Loews Corp. 0.01% 206 $17K New
APH Amphenol Corp. Class A 0.01% 224 $16K Reduce -93.8%
FCFS Firstcash Holdings Inc. 0.01% 130 $13K New
PRU Prudential Financial Inc. 0.01% 110 $13K New
GS Goldman Sachs Group Inc. 0.01% 19 $11K New
PSN Parsons Corp. 0.01% 117 $11K New
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.01% 59 $10K New
VRSK Verisk Analytics Inc. 0.01% 33 $9K New
BDC Belden Inc. 0.01% 75 $8K New
CNA Cna Financial Corp. 0.01% 159 $8K New
PFG Principal Financial Group 0.00% 88 $7K New
ITW Illinois Tool Works 0.00% 19 $5K New
UBSI United Bankshares Inc. 0.00% 87 $3K New
GTLB Gitlab Inc. Class A 0.00% 56 $3K New
SID Cia Siderurgica Nacl-SP ADR filed as COMPANHIA SIDERURGICA NACION 0.00% 1,593 $2K New
MIDD Middleby Corp. 0.00% 6 $813 New
BAK Braskem SA Class A- ADR 0.00% 129 $498 New
CINF Cincinnati Financial Corp. 0.00% 1 $144 New
CBDBY Cia Brasileira DE Dis- ADR 0.00% 4 $1 New

Portfolio Sells Q3 2024 → Q4 2024
FXI iShares China Large-Cap ETF Sold out 0.00% −11.81
TECK Teck Resources Ltd.-CLS B Sold out 0.00% −10.27
SUZ Suzano SA - Spon ADR Reduce -90.6% 2.26% −6.38
KWEB Kranesh Csi China Internet Sold out 0.00% −6.38
AXONICS INC Sold out 0.00% −5.50
MUB iShares National Muni Bond E Sold out 0.00% −4.38
AMZN Amazon.com Inc. Sold out 0.00% −3.76
HCP Hashicorp Inc. Class A Sold out 0.00% −3.09
BABA Alibaba Group Holding-SP ADR Sold out 0.00% −2.53
CSANY Cosan SA -ADR Sold out 0.00% −2.00
TSM Taiwan Semiconductor-SP ADR Sold out 0.00% −1.62
NXE Nexgen Energy Ltd. Sold out 0.00% −1.61
XBI SS SPDR S&P Biotech ETF Sold out 0.00% −0.95
HYEM Vaneck Emrg MKTS Hi YLD Sold out 0.00% −0.84
CPRI Capri Holdings Ltd. Sold out 0.00% −0.76
LOMA Loma Negra Cia Ind-Spon ADR Sold out 0.00% −0.75
PAAS Pan American Silver Corp. Sold out 0.00% −0.66
V Visa Inc. Class A Sold out 0.00% −0.56
MA Mastercard Inc. Class A Sold out 0.00% −0.49
GOOGL Alphabet Inc. Class A Sold out 0.00% −0.37
AXIAY Axia Energia-ADR Reduce -93.3% 0.06% −0.33
SLV iShares Silver Trust Sold out 0.00% −0.22
NYT New York Times Co. Class A Sold out 0.00% −0.21
CTLT Catalent Inc. Sold out 0.00% −0.20
TMUS T-Mobile US Inc. Sold out 0.00% −0.18
NTAP Netapp Inc. Sold out 0.00% −0.15
RS Reliance Inc. Sold out 0.00% −0.14
UTHR United Therapeutics Corp. Sold out 0.00% −0.13
PPC Pilgrim's Pride Corp. Sold out 0.00% −0.13
MUSA Murphy USA Inc. Sold out 0.00% −0.12
CF CF Industries Holdings Inc. Sold out 0.00% −0.12
META Meta Platforms Inc. Class A Sold out 0.00% −0.11
MTTR Matterport Inc. Sold out 0.00% −0.10
FCX Freeport-McMoran Inc. Sold out 0.00% −0.10
STAG Stag Industrial Inc. Sold out 0.00% −0.10
EA Electronic Arts Inc. Sold out 0.00% −0.09
STLD Steel Dynamics Inc. Sold out 0.00% −0.09
LMT Lockheed Martin Corp. Sold out 0.00% −0.09
VICI Vici Properties Inc. Sold out 0.00% −0.09
CRUS Cirrus Logic Inc. Sold out 0.00% −0.09
VLO Valero Energy Corp. Sold out 0.00% −0.09
MCK McKesson Corp. Sold out 0.00% −0.09
OGE Oge Energy Corp. Sold out 0.00% −0.09
GAP The Gap Inc. Sold out 0.00% −0.08
AMAT Applied Materials Inc. Sold out 0.00% −0.08
MLI Mueller Industries Inc. Sold out 0.00% −0.08
BBY Best Buy Co. Inc. Sold out 0.00% −0.08
REGN Regeneron Pharmaceuticals Sold out 0.00% −0.08
MMS Maximus Inc. Sold out 0.00% −0.08
X United States Steel Corp. Sold out 0.00% −0.08

Portfolio Buys Q3 2024 → Q4 2024
DIS The Walt Disney Co. New 9.56% +9.56
ALE Allete Inc. New 5.85% +5.85
ERO Ero Copper Corp. Add +12.9% 5.22% +2.43
EMBJ Embraer SA-Spon ADR New 0.98% +0.98
AZUL S A Add +505.4% 0.60% +0.53
BRFS BRF SA-ADR New 0.44% +0.44
OVV Ovintiv Inc. New 0.43% +0.43
MO Altria Group Inc. Add +11.4% 0.56% +0.38
LYV Live Nation Entertainment Inc. New 0.35% +0.35
UGI Ugi Corp. New 0.31% +0.31
ATR Aptargroup Inc. New 0.28% +0.28
ATO Atmos Energy Corp. New 0.27% +0.27
WELL Welltower Inc. New 0.26% +0.26
VTR Ventas Inc. New 0.25% +0.25
TIMB Tim SA-ADR New 0.24% +0.24
KMB Kimberly-Clark Corp. New 0.24% +0.24
XOM Exxon Mobil Corp. Add +13.3% 0.36% +0.24
JNJ Johnson & Johnson New 0.23% +0.23
ELS Equity Lifestyle Properties New 0.23% +0.23
OHI Omega Healthcare Investors Add +57.7% 0.30% +0.22
XLB SS Materials Select Sector New 0.22% +0.22
HOLX Hologic Inc. Add +38.1% 0.30% +0.21
ARCC Ares Capital Corp. New 0.21% +0.21
COP Conocophillips Add +24.7% 0.30% +0.20
INCY Incyte Corp. New 0.20% +0.20
CAH Cardinal Health Inc. New 0.20% +0.20
EXC Exelon Corp. New 0.19% +0.19
ADC Agree Realty Corp. Add +23.1% 0.28% +0.19
AIT Applied Industrial Tech Inc. New 0.19% +0.19
CHWY Chewy Inc. Class A New 0.19% +0.19
PARAA Paramount Global Class B New 0.18% +0.18
AWI Armstrong World Industries New 0.18% +0.18
LUMN Lumen Technologies Inc. Add +63.9% 0.26% +0.18
CSCO Cisco Systems Inc. New 0.18% +0.18
CTRA Coterra Energy Inc. New 0.18% +0.18
MSI Motorola Solutions Inc. Add +41.3% 0.24% +0.18
KIM Kimco Realty Corp. New 0.18% +0.18
COR Cencora Inc. Add +4.3% 0.27% +0.18
EME Emcor Group Inc. New 0.17% +0.17
CPNG Coupang Inc. New 0.17% +0.17
XLU St Sr Utl SL SE SPDR ETF-Usd New 0.17% +0.17
DHI D.R. Horton Inc. New 0.17% +0.17
XLV SS Health Care Select Sector New 0.17% +0.17
XLRE SS Real Estate Select Sector New 0.17% +0.17
TMHC Taylor Morrison Home Corp. New 0.17% +0.17
VMI Valmont Industries New 0.17% +0.17
BAH Booz Allen Hamilton Holdings New 0.16% +0.16
EXPE Expedia Group Inc. New 0.16% +0.16
LDOS Leidos Holdings Inc. New 0.16% +0.16
NVR NVR Inc. New 0.16% +0.16

Options Activity Q3 2024 → Q4 2024
FXI iShares China Large-Cap ETF call Sold out 300,000 $642Kbefore exit
EEM iShares MSCI Emerging Market call Sold out 118,800 $68Kbefore exit
PBR Petroleo Brasileiro-Spon ADR put Sold out 150,000 $29Kbefore exit

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 51$1.3BIVV, SPY, TSLA, AMZN, TSM
Q1 2026 48$530.9MAMZN, IVV, EA, NVDA, VST
Q4 2025 35$522.4MAMZN, KWEB, KRE, META, MSFT
Q3 2025 58$533.5MKRE, AMZN, KWEB, MSFT, KVUE
Q2 2025 116$458.6MAMZN, HES, KWEB, VRT, TSM
Q1 2025 82$492.8MAMZN, HES, VST, TSM, KWEB
Q4 2024 274$149.5MHES, RIO, DIS, MSFT, ALE
Q3 2024 155$409.4MFXI, TECK, SUZ, HES, KWEB
Q2 2024 161$333.1MFXI, TECK, HES, AXONICS INC, RIO
Q1 2024 256$453.9MPXD, TECK, FXI, HES, AXONICS INC