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SGDR

SPX Gestao de Recursos Portfolio holdings

AUM $898M
1-Year Est. Return 45.5%
This Fund
S&P 500
This Quarter Est. Return
+5.46%
1 Year Est. Return
+45.5%
3 Year Est. Return
+98.09%
5 Year Est. Return
+114.57%
10 Year Est. Return
+554.2%
AUM
$979M
AUM Growth
-$224M
Cap. Flow
-$263M
Cap. Flow %
-26.9%
Top 10 Hldgs %
60.86%
Holding
177
New
17
Increased
24
Reduced
24
Closed
108

Top Buys

Rank Stock Value
1
STNE icon
StoneCo
STNE
+$80M
2
KWEB icon
KraneShares CSI China Internet ETF
KWEB
+$79.8M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$55M
4
XP icon
XP
XP
+$38.6M
5
FSLR icon
First Solar
FSLR
+$22.2M

Top Sells

Rank Stock Value
1
VALE icon
Vale
VALE
+$130M
2
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$79M
3
EWZ icon
iShares MSCI Brazil ETF
EWZ
+$49.6M
4
VST icon
Vistra
VST
+$41.6M
5
PBR icon
Petrobras
PBR
+$37M

Sector Composition

Rank Sector Weight
1 Financials 20.95%
2 Technology 19.57%
3 Energy 13.18%
4 Materials 10.84%
5 Consumer Discretionary 10.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CAT icon
76
Caterpillar
CAT
$388B
– –
-2,800
Closed -$1.34M
COHR icon
77
Coherent
COHR
$64.3B
– –
-45,000
Closed -$4.85M
COP icon
78
ConocoPhillips
COP
$151B
– –
-20,000
Closed -$1.89M
CRDO icon
79
Credo Technology Group
CRDO
$46.2B
– –
-34,000
Closed -$4.95M
CSIQ icon
80
Canadian Solar
CSIQ
$1.08B
– –
-22,000
Closed -$287K
CVX icon
81
Chevron
CVX
$386B
– –
-5,600
Closed -$870K
DASH icon
82
DoorDash
DASH
$91.9B
– –
-5,600
Closed -$1.52M
DBX icon
83
Dropbox
DBX
$7.41B
– –
-16,800
Closed -$508K
DELL icon
84
Dell
DELL
$285B
– –
-9,000
Closed -$1.28M
DNA icon
85
Ginkgo Bioworks
DNA
$506M
– –
-100,000
Closed -$1.46M
EEM icon
86
iShares MSCI Emerging Markets ETF
EEM
$29.9B
– –
-1,480,000
Closed -$79M
ELP
87
DELISTED
Companhia Paranaense de Energia (COPEL)
ELP
– –
-849,336
Closed -$8.32M
EQT icon
88
EQT Corp
EQT
$34B
– –
-50,000
Closed -$2.72M
EMBJ
89
Embraer S.A. ADS
EMBJ
$12.7B
– –
-231,172
Closed -$14.5M
ETN icon
90
Eaton
ETN
$178B
– –
-2,800
Closed -$1.05M
EWZ icon
91
iShares MSCI Brazil ETF
EWZ
$8.6B
– –
-1,600,000
Closed -$49.6M
FIVE icon
92
Five Below
FIVE
$13B
– –
-5,600
Closed -$866K
FUTU icon
93
Futu Holdings
FUTU
$14.7B
– –
-31,000
Closed -$5.39M
GRSD
94
Grandstand Limited Ordinary Shares
GRSD
$66.6M
– –
-208,800
Closed -$1.71M
GGAL icon
95
Galicia Financial Group
GGAL
$7.15B
– –
-30,000
Closed -$827K
GIS icon
96
General Mills
GIS
$20.2B
– –
-32,180
Closed -$1.62M
HDB icon
97
HDFC Bank
HDB
$120B
– –
-222,000
Closed -$7.58M
HON icon
98
Honeywell
HON
$72.9B
– –
-5,942
Closed -$1.18M
IBM icon
99
IBM
IBM
$225B
– –
-10,000
Closed -$2.82M
INDV icon
100
Indivior Pharmaceuticals
INDV
$4.54B
– –
-28,000
Closed -$675K
2 3
4
5 6

Similar funds

WP
WealthShield Partners Cary, North Carolina $898M AUM 19.35% 1-Year Est. Return
GEM
Global Endowment Management Charlotte, North Carolina $896M AUM 13.86% 1-Year Est. Return
WIC
Water Island Capital New York $896M AUM 107.59% 1-Year Est. Return
FTM
First Turn Management Del Mar, California $895M AUM 261.28% 1-Year Est. Return
GGH
GCM Grosvenor Holdings Chicago, Illinois $901M AUM 28.6% 1-Year Est. Return
SI
Squadra Investments Rio De Janeiro, Brazil $894M AUM 33.04% 1-Year Est. Return
BFFIM
Baring Fintech Fund III Managers St Peter Port, Guernsey $893M AUM 20.23% 1-Year Est. Return
AIC
AWM Investment Company New York $903M AUM 163.47% 1-Year Est. Return

SPX Gestao de Recursos's Q4 2025 Portfolio in Review

As of Q4 2025, SPX Gestao de Recursos held 177 positions worth $979M, down 19% from $1.2B the previous quarter. Its ten largest holdings account for 61% of the portfolio.

SPX Gestao de Recursos withdrew a net $263M in Q4 2025, closing 108 positions and reducing 24 holdings. Its most notable exit was iShares MSCI Emerging Markets ETF, an estimated $79M position sold in full.

By sector, the portfolio is most concentrated in Financials at 21% of assets, up from 17% a quarter earlier, followed by Technology and Energy.

Against the trend, SPX Gestao de Recursos opened a new position in KraneShares CSI China Internet ETF worth $70.7M.

  • SPX Gestao de Recursos's largest Q4 2025 buy was KraneShares CSI China Internet ETF: 2,075,400 shares worth $70.7M.
  • SPX Gestao de Recursos added most to StoneCo in Q4 2025, an estimated $80M increase.
  • SPX Gestao de Recursos's biggest Q4 2025 reduction was Vale, cutting an estimated $130M.
  • SPX Gestao de Recursos fully exited iShares MSCI Emerging Markets ETF in Q4 2025, selling an estimated $79M.
  • SPX Gestao de Recursos's ten largest holdings make up 61% of its $979M portfolio in Q4 2025.
  • SPX Gestao de Recursos opened 17 new positions and closed 108 in Q4 2025.
  • SPX Gestao de Recursos's portfolio value fell 19% quarter-over-quarter to $979M.

Based on SPX Gestao de Recursos's 13F filing for Q4 2025, filed 13 Feb 2026.