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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
IONQ icon
101
IonQ
IONQ
$17.6B
– –
-30,000
Closed -$1.84M
JHX icon
102
James Hardie Industries
JHX
$18B
– –
-101,600
Closed -$1.95M
JKS
103
JinkoSolar
JKS
$873M
– –
-10,500
Closed -$252K
JPM icon
104
JPMorgan Chase
JPM
$962B
– –
-2,800
Closed -$883K
LEU icon
105
Centrus Energy
LEU
$3.77B
– –
-10,600
Closed -$3.29M
LLY icon
106
Eli Lilly
LLY
$1.08T
– –
-2,800
Closed -$2.14M
MSFT icon
107
Microsoft
MSFT
$3.74T
– –
-20,000
Closed -$10.4M
MTZ icon
108
MasTec
MTZ
$21.9B
– –
-4,200
Closed -$894K
NEM icon
109
Newmont
NEM
$124B
– –
-25,000
Closed -$2.11M
NKE icon
110
Nike
NKE
$61.3B
– –
-20,000
Closed -$1.39M
NRG icon
111
NRG Energy
NRG
$25.2B
– –
-8,400
Closed -$1.36M
NTAP icon
112
NetApp
NTAP
$38.9B
– –
-5,600
Closed -$663K
NU icon
113
Nu Holdings
NU
$65.9B
– –
-654,165
Closed -$10.5M
NXT icon
114
Nextpower Inc
NXT
$15.9B
– –
-3,700
Closed -$274K
ORBS
115
Eightco Holdings
ORBS
$289M
– –
-16,800
Closed -$154K
PATH icon
116
UiPath
PATH
$8.14B
– –
-80,000
Closed -$1.07M
PYPL icon
117
PayPal
PYPL
$50.5B
– –
-20,000
Closed -$1.34M
QBTS icon
118
D-Wave Quantum Inc. Common Stock
QBTS
$7.53B
– –
-44,000
Closed -$1.09M
QUBT icon
119
Quantum Computing Inc
QUBT
$2.02B
– –
-64,000
Closed -$1.18M
RGTI icon
120
Rigetti Computing
RGTI
$6.04B
– –
-50,000
Closed -$1.49M
RIOT icon
121
Riot Platforms
RIOT
$7.65B
– –
-84,000
Closed -$1.6M
RKLB icon
122
Rocket Lab Corp
RKLB
$50B
– –
-42,400
Closed -$2.03M
RUN icon
123
Sunrun
RUN
$2.42B
– –
-15,500
Closed -$268K
SE icon
124
Sea Limited
SE
$80.5B
– –
-38,000
Closed -$6.79M
SEDG icon
125
SolarEdge
SEDG
$2.05B
– –
-8,000
Closed -$296K
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.