Wealth High Governance Capital Ltda
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Wealth High Governance Capital Ltda reported 35 stock positions worth $348.2 million. Its top holding was Global X Copper Miners ETF (COPX) at 9.3% of the portfolio, followed by Eqt (EQT, 7.5%) and Expand Energy (EXE, 7.3%). Compared with Q2 2025, it opened 17 new positions, sold out of 15, added to 10 and reduced 8. The biggest buy was a new position in Global X Copper Miners ETF (COPX) and the biggest sale an exit from Broadcom (AVGO).
- Most Recent 13F
- Q2 2026
- Location
- SAO PAULO, D5
- CIK
- 0002028828
- Portfolio Value
- $348.2M (Q3 2025)
- SEC Filing
- 0002028828-25-000016 ↗ filed Nov 13, 2025
Holdings Value
Holdings 35 stocks · $348.2M
| COPX Global X Copper Miners ETF | 9.28% | 540,001 | $32.3M | New |
| EQT Eqt Corp. | 7.50% | 480,000 | $26.1M | Add +209.7% |
| EXE Expand Energy Corp. | 7.32% | 240,001 | $25.5M | Add +222.6% |
| NRG NRG Energy Inc. | 5.58% | 120,000 | $19.4M | Reduce -51.6% |
| JEF Jefferies Financial Group Inc. | 4.51% | 240,000 | $15.7M | Add +93.5% |
| EAT Brinker International Inc. | 4.37% | 120,000 | $15.2M | Add +222.6% |
| HLI Houlihan Lokey Inc. | 4.25% | 72,000 | $14.8M | Add +45.2% |
| HUT Hut 8 Corp. | 4.20% | 420,000 | $14.6M | New |
| HPE Hewlett Packard Enterprise | 3.81% | 540,000 | $13.3M | Add +117.7% |
| ONON On Holding AG Class A filed as ON HLDG AG | 3.65% | 300,000 | $12.7M | Reduce -19.4% |
| KSA Ishrs MSCI Saudi Arabia ETF | 3.50% | 300,000 | $12.2M | New |
| CW Curtiss-Wright Corp. | 2.81% | 18,000 | $9.8M | Add +45.2% |
| NGD New Gold Inc. | 2.72% | 1,320,000 | $9.5M | New |
| CLS Celestica Inc. | 2.55% | 36,000 | $8.9M | Reduce -58.5% |
| RBLX Roblox Corp. Class A | 2.39% | 60,000 | $8.3M | Add +61.3% |
| LTM Latam Airlines Group SA-ADR | 2.34% | 180,000 | $8.1M | New |
| BIRK Birkenstock Holding PLC | 2.34% | 180,000 | $8.1M | Reduce -35.5% |
| NI Nisource Inc. | 2.24% | 180,000 | $7.8M | New |
| IAG Iamgold Corp. | 2.23% | 600,000 | $7.8M | New |
| ANF Abercrombie & Fitch Co. Class A | 2.21% | 90,000 | $7.7M | New |
| FCX Freeport-McMoran Inc. | 2.03% | 180,000 | $7.1M | Add +190.3% |
| CCL Carnival Corp. | 1.99% | 240,000 | $6.9M | Reduce -61.3% |
| RRC Range Resources Corp. | 1.95% | 180,000 | $6.8M | New |
| AR Antero Resources Corp. | 1.74% | 180,000 | $6.0M | New |
| EIS iShares MSCI Israel ETF | 1.73% | 60,000 | $6.0M | New |
| HBM Hudbay Minerals Inc. | 1.57% | 360,000 | $5.5M | Reduce -42.0% |
| ELF Elf Beauty Inc. | 1.37% | 36,000 | $4.8M | Reduce -35.5% |
| CVNA Carvana Co. | 1.30% | 12,000 | $4.5M | Add +93.5% |
| CENX Century Aluminum Company | 1.26% | 150,000 | $4.4M | New |
| AS Amer Sports Inc. | 1.20% | 120,000 | $4.2M | New |
| SRAD Sportradar Group AG-A | 1.16% | 149,998 | $4.0M | Reduce -62.8% |
| AA Alcoa Corp. | 1.13% | 120,000 | $3.9M | New |
| WIX Wix.com Ltd. | 0.61% | 12,000 | $2.1M | New |
| TTMI TTM Technologies | 0.60% | 36,000 | $2.1M | New |
| BTDR Bitdeer Technologies Group-A | 0.59% | 119,999 | $2.1M | New |
Portfolio Sells Q2 2025 → Q3 2025
| AVGO Broadcom Inc. | Sold out | 0.00% | −7.42 |
| NRG NRG Energy Inc. | Reduce -51.6% | 5.58% | −6.77 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −5.91 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −5.74 |
| FLUT Flutter Entertainment PLC-Di | Sold out | 0.00% | −4.40 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −4.26 |
| CCL Carnival Corp. | Reduce -61.3% | 1.99% | −3.42 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −2.46 |
| ONON On Holding AG Class A | Reduce -19.4% | 3.65% | −2.36 |
| SRAD Sportradar Group AG-A | Reduce -62.8% | 1.16% | −2.35 |
| PAAS Pan American Silver Corp. | Sold out | 0.00% | −2.18 |
| AGI Alamos Gold Inc. Class A | Sold out | 0.00% | −2.04 |
| MELI MercadoLibre Inc. | Sold out | 0.00% | −2.01 |
| BIRK Birkenstock Holding PLC | Reduce -35.5% | 2.34% | −1.92 |
| CLS Celestica Inc. | Reduce -58.5% | 2.55% | −1.66 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −1.57 |
| AEM Agnico Eagle Mines Ltd. | Sold out | 0.00% | −1.37 |
| UAL United Airlines Holdings Inc. | Sold out | 0.00% | −1.23 |
| ELF Elf Beauty Inc. | Reduce -35.5% | 1.37% | −0.78 |
| EC Ecopetrol SA-Sponsored ADR | Sold out | 0.00% | −0.51 |
| HBM Hudbay Minerals Inc. | Reduce -42.0% | 1.57% | −0.48 |
| VIST Vista Energy Sab DE CV | Sold out | 0.00% | −0.19 |
| CIB Grupo Cibest SA-ADR | Sold out | 0.00% | −0.18 |
Portfolio Buys Q2 2025 → Q3 2025
| COPX Global X Copper Miners ETF | New | 9.28% | +9.28 |
| EQT Eqt Corp. | Add +209.7% | 7.50% | +4.70 |
| EXE Expand Energy Corp. | Add +222.6% | 7.32% | +4.62 |
| HUT Hut 8 Corp. | New | 4.20% | +4.20 |
| KSA Ishrs MSCI Saudi Arabia ETF | New | 3.50% | +3.50 |
| NGD New Gold Inc. | New | 2.72% | +2.72 |
| JEF Jefferies Financial Group Inc. | Add +93.5% | 4.51% | +2.41 |
| LTM Latam Airlines Group SA-ADR | New | 2.34% | +2.34 |
| EAT Brinker International Inc. | Add +222.6% | 4.37% | +2.29 |
| NI Nisource Inc. | New | 2.24% | +2.24 |
| HPE Hewlett Packard Enterprise | Add +117.7% | 3.81% | +2.24 |
| IAG Iamgold Corp. | New | 2.23% | +2.23 |
| ANF Abercrombie & Fitch Co. Class A | New | 2.21% | +2.21 |
| RRC Range Resources Corp. | New | 1.95% | +1.95 |
| AR Antero Resources Corp. | New | 1.74% | +1.74 |
| EIS iShares MSCI Israel ETF | New | 1.73% | +1.73 |
| HLI Houlihan Lokey Inc. | Add +45.2% | 4.25% | +1.48 |
| CENX Century Aluminum Company | New | 1.26% | +1.26 |
| AS Amer Sports Inc. | New | 1.20% | +1.20 |
| FCX Freeport-McMoran Inc. | Add +190.3% | 2.03% | +1.19 |
| RBLX Roblox Corp. Class A | Add +61.3% | 2.39% | +1.17 |
| AA Alcoa Corp. | New | 1.13% | +1.13 |
| CW Curtiss-Wright Corp. | Add +45.2% | 2.81% | +0.93 |
| CVNA Carvana Co. | Add +93.5% | 1.30% | +0.65 |
| WIX Wix.com Ltd. | New | 0.61% | +0.61 |
| TTMI TTM Technologies | New | 0.60% | +0.60 |
| BTDR Bitdeer Technologies Group-A | New | 0.59% | +0.59 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 35 | $334.4M | GNRC, GLW, PH, TKR, AMD |
| Q1 2026 | 46 | $333.2M | FIX, ROST, PH, PAAS, NRG |
| Q4 2025Amended | 46 | $341.3M | NRG, ALB, NXT, SQM, LITE |
| Q3 2025 | 35 | $348.2M | COPX, EQT, EXE, NRG, JEF |
| Q2 2025 | 33 | $322.4M | NRG, AVGO, ONON, AMZN, MSFT |
| Q1 2025 | 26 | $153.0M | DIA, COPX, GDX, EQT, GAP |
| Q4 2024Amended | 45 | $278.8M | META, BIRK, NVDA, CSCO, AMZN |
| Q3 2024 | 41 | $284.9M | ELF, META, ANF, WING, CCJ |
| Q2 2024 | 41 | $403.2M | AVGO, ANF, IGV, TSLA, MDB |
| Q1 2024 | 61 | $447.3M | XLE, AVGO, XLU, MDB, SUZ |