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BW Gestao de Investimentos Portfolio holdings
AUM
$5.05B
Turnover
60.29%
1-Year Est. Return
36.49%
BW Gestão de Investimentos is the family office that looks after the wealth of the Moreira Salles family. It runs funds for a restricted group of investors, has no outside clients and does not distribute fund shares.
This Fund
S&P 500
This Quarter Est. Return
+21.48%
1 Year Est. Return
+36.49%
3 Year Est. Return
+95.15%
5 Year Est. Return
+74.61%
10 Year Est. Return
+287.43%
AUM
$5.05B
AUM Growth
+$2.04B
(+68%)
Cap. Flow
+$1.65B
Cap. Flow % of AUM
Cap. Flow %
32.58%
Top 10 Holdings %
Top 10 Hldgs %
51.89%
Holding
413
New
143
Increased
69
Reduced
84
Closed
106
Avg Time Held
Equity + Options
0.5
years
Top 10 Avg Time Held
Equity + Options
0.5
years
Top 20 Avg Time Held
Equity + Options
0.5
years
Avg Time Held Equity only
0.5
years
Top 10 Avg Time Held Equity only
0.6
years
Top 20 Avg Time Held Equity only
0.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$890M |
| 2 |
iShares Core S&P 500 ETF
IVV
|
+$578M |
| 3 |
SpaceX
SPCX
|
+$100M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$32.2M |
| 5 |
Micron Technology
MU
|
+$29.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Broadcom
AVGO
|
+$30.9M |
| 2 |
State Street Utilities Select Sector SPDR ETF
XLU
|
+$30.6M |
| 3 |
American Airlines Group
AAL
|
+$30.5M |
| 4 |
RB Global
RBA
|
+$24.2M |
| 5 |
Talen Energy Corp
TLN
|
+$18.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 55.1% |
| 2 | Technology | 10.44% |
| 3 | Industrials | 9.03% |
| 4 | Financials | 6.2% |
| 5 | Utilities | 4.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
State Street SPDR S&P 500 ETF Trust
SPY
$777B
| $917M | 18.15% |
+1,227,723
| New | +$890M |
2026 Q2
0 quarters
|
|
|
2
iShares Core S&P 500 ETF
IVV
$847B
| $819M | 16.2% |
1,093,321
+793,285
| +264% | +$578M |
2025 Q3
3 quarters
|
|
|
3
PUT
Micron Technology
MU
$781B
| $248M | 4.91% |
215,000
+165,000
| +330% | +$124M |
2026 Q1
1 quarter
|
|
4
PUT
iShares Russell 2000 ETF
IWM
$74.2B
| $180M | 3.57% |
600,000
-300,000
| -33% | -$84.3M |
2023 Q4
10 quarters
|
|
5
PUT
Tesla
TSLA
$1.42T
| $105M | 2.08% |
250,000
+50,000
| +25% | +$19.9M |
2026 Q1
1 quarter
|
|
|
6
SpaceX
SPCX
$1.82T
| $100M | 1.99% |
+587,335
| New | +$100M |
2026 Q2
0 quarters
|
|
7
PUT
Invesco QQQ Trust
QQQ
$443B
| $90.6M | 1.79% |
123,000
+23,000
| +23% | +$15.8M |
2025 Q4
2 quarters
|
|
|
8
RB Global
RBA
$17.3B
| $57.6M | 1.14% |
495,048
-230,188
| -32% | -$24.2M |
2022 Q4
14 quarters
|
|
9
Tenet Healthcare
THC
$22.5B
| $52.3M | 1.04% |
279,811
-40,669
| -13% | -$7.48M |
2022 Q1
17 quarters
|
|
10
CALL
iShares MSCI Brazil ETF
EWZ
$9.5B
| $51.8M | 1.02% |
+1,500,000
| New | +$56.1M |
2026 Q2
0 quarters
|
|
|
11
PUT
iShares MSCI Brazil ETF
EWZ
$9.5B
| $51.8M | 1.02% |
+1,500,000
| New | +$56.1M |
2026 Q2
0 quarters
|
|
|
12
Micron Technology
MU
$781B
| $45.3M | 0.9% |
+39,210
| New | +$29.4M |
2026 Q2
0 quarters
|
|
13
Microsoft
MSFT
$3.94T
| $43.3M | 0.86% |
115,951
+64,142
| +124% | +$26M |
2019 Q1
29 quarters
|
|
14
Ecolab
ECL
$84.3B
| $40.4M | 0.8% |
144,856
+62,502
| +76% | +$16.5M |
2019 Q4
26 quarters
|
|
15
PUT
VanEck Semiconductor ETF
SMH
$59.4B
| $39.4M | 0.78% |
+60,000
| New | +$32.7M |
2026 Q2
0 quarters
|
|
|
16
CALL
Microsoft
MSFT
$3.94T
| $37.3M | 0.74% |
+100,000
| New | +$40.5M |
2026 Q2
0 quarters
|
|
17
CALL
Planet Fitness
PLNT
$4.48B
| $36.5M | 0.72% |
+700,000
| New | +$41.1M |
2026 Q2
0 quarters
|
|
18
Amazon
AMZN
$2.8T
| $34.9M | 0.69% |
146,407
+93,536
| +177% | +$23.5M |
2019 Q1
29 quarters
|
|
19
Global X Copper Miners ETF NEW
COPX
$6.27B
| $34.9M | 0.69% |
453,150
+43,100
| +11% | +$3.59M |
2026 Q1
1 quarter
|
|
20
EchoStar
ECHO
$27.5B
| $32.6M | 0.64% |
320,727
-19,807
| -6% | -$2.42M |
2025 Q4
2 quarters
|
|
21
PUT
iShares Semiconductor ETF
SOXX
$12.6B
| $32M | 0.63% |
+150,000
| New | +$25.4M |
2026 Q2
0 quarters
|
|
22
State Street Health Care Select Sector SPDR ETF
XLV
$48.7B
| $31.9M | 0.63% |
201,000
| – | – |
2024 Q4
6 quarters
|
|
|
23
Alphabet (Google) Class C
GOOG
$3.49T
| $31.8M | 0.63% |
+90,000
| New | +$32.2M |
2026 Q2
0 quarters
|
|
24
ASML
ASML
$549B
| $29.8M | 0.59% |
+15,000
| New | +$23.9M |
2026 Q2
0 quarters
|
|
25
Medline Inc
MDLN
$34.8B
| $27.2M | 0.54% |
690,000
+250,000
| +57% | +$10.1M |
2025 Q4
2 quarters
|
|
Similar funds
BW Gestao de Investimentos's Q2 2026 Portfolio in Review
As of Q2 2026, BW Gestao de Investimentos held 413 positions worth $5.05B, up 68% from $3.01B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
BW Gestao de Investimentos deployed $1.65B of net new capital in Q2 2026, opening 143 new positions and adding to 69 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 1,227,723 shares worth $917M.
By sector, the portfolio is most concentrated in Miscellaneous at 55% of assets, up from 38% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was State Street Utilities Select Sector SPDR ETF, an estimated $30.6M trimmed.
- BW Gestao de Investimentos's largest Q2 2026 buy was State Street SPDR S&P 500 ETF Trust: 1,227,723 shares worth $917M.
- BW Gestao de Investimentos added most to iShares Core S&P 500 ETF in Q2 2026, an estimated $578M increase.
- BW Gestao de Investimentos's biggest Q2 2026 reduction was State Street Utilities Select Sector SPDR ETF, cutting an estimated $30.6M.
- BW Gestao de Investimentos fully exited Broadcom in Q2 2026, selling an estimated $30.9M.
- BW Gestao de Investimentos's ten largest holdings make up 52% of its $5.05B portfolio in Q2 2026.
- BW Gestao de Investimentos opened 143 new positions and closed 106 in Q2 2026.
- BW Gestao de Investimentos's portfolio value rose 68% quarter-over-quarter to $5.05B.
Based on BW Gestao de Investimentos's 13F filing for Q2 2026, filed 14 Aug 2026.