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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
STNE icon
1
StoneCo
STNE
$2.42B
$77.4M 7.91%
5,236,620
+4,783,158
+1,055% +$80M
KWEB icon
2
KraneShares CSI China Internet ETF
KWEB
$5.56B
$70.7M 7.22%
+2,075,400
New +$79.8M
XP icon
3
XP
XP
$8.01B
$68.7M 7.02%
4,195,379
+2,195,087
+110% +$38.6M
PBR icon
4
Petrobras
PBR
$116B
$57.9M 5.92%
4,887,558
-3,029,424
-38% -$37M
BAP icon
5
Credicorp
BAP
$30B
$57.1M 5.84%
199,083
+70,491
+55% +$18.7M
SPY icon
6
State Street SPDR S&P 500 ETF Trust
SPY
$807B
$55.5M 5.67%
+81,424
New +$55M
ARCO icon
7
Arcos Dorados Holdings
ARCO
$1.67B
$55.4M 5.66%
7,551,676
+1,209,055
+19% +$8.7M
FSLR icon
8
First Solar
FSLR
$25.9B
$53.4M 5.45%
204,250
+88,000
+76% +$22.2M
VINP icon
9
Vinci Compass Investments Ltd
VINP
$649M
$52.2M 5.33%
4,000,725
-37,671
-0.9% -$450K
CPA icon
10
Copa Holdings
CPA
$5.49B
$47.5M 4.85%
393,542
-13,100
-3% -$1.6M
AUGO
11
Aura Minerals Inc
AUGO
$6.35B
$44.2M 4.52%
877,211
+71,289
+9% +$2.8M
TGS icon
12
Transportadora de Gas del Sur
TGS
$4.22B
$37.5M 3.83%
1,206,803
+628,438
+109% +$17.8M
RIO icon
13
Rio Tinto
RIO
$164B
$37.5M 3.83%
468,415
-178,451
-28% -$12.8M
MU icon
14
Micron Technology
MU
$981B
$25.7M 2.62%
90,000
+70,000
+350% +$16.1M
BABA icon
15
Alibaba
BABA
$306B
$22M 2.25%
150,000
+116,500
+348% +$19M
BP icon
16
BP
BP
$111B
$18.2M 1.86%
523,230
-180,079
-26% -$6.32M
GGB icon
17
Gerdau
GGB
$9.21B
$18.1M 1.84%
4,894,496
+403,454
+9% +$1.41M
LTM
18
LATAM Airlines Group S.A.
LTM
$15.2B
$17.7M 1.81%
328,463
-606,858
-65% -$28.7M
PBR.A icon
19
Petrobras Class A
PBR.A
$103B
$13.2M 1.35%
1,173,051
-569,178
-33% -$6.57M
SN icon
20
SharkNinja
SN
$26.4B
$11.7M 1.19%
104,170
+13,500
+15% +$1.33M
BBD icon
21
Banco Bradesco
BBD
$35B
$11.4M 1.17%
3,437,249
-2,405,224
-41% -$8.18M
EVEX icon
22
Eve Holding
EVEX
$993M
$11.4M 1.16%
2,845,692
+2,256,701
+383% +$9.92M
CPAY icon
23
Corpay
CPAY
$26.7B
$8.81M 0.9%
29,260
+9,300
+47% +$2.7M
ELPC icon
24
Copel
ELPC
$8.06B
$8.73M 0.89%
918,127
+847,198
+1,194% +$8.08M
GLOB icon
25
Globant
GLOB
$1.68B
$8.7M 0.89%
+133,160
New +$8.37M
1
2 3 4 5

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.