Latest SPX Equities Gestao de Recursos Ltda Stock Portfolio

SPX Equities Gestao de Recursos Ltda Performance:

2025 Q3: 0.77%YTD: 3.13%2024: 2.37%

Performance for 2025 Q3 is 0.77%, and YTD is 3.13%, and 2024 is 2.37%.

About SPX Equities Gestao de Recursos Ltda and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, SPX Gestao de Recursos Ltda reported an equity portfolio of $1.2 Billions as of 30 Sep, 2025.

The top stock holdings of SPX Gestao de Recursos Ltda are VALE, PBR, IJR. The fund has invested 10% of it's portfolio in VALE SA SP ADR and 8.3% of portfolio in PETROLEO BRASILEIRO ADR.

The fund managers got completely rid off TELEFONICA BRASIL SA-ADR, PAMPA ENERGIA SA (PAM) and ISHARES CORE S&P SMALL-CAP ETF (IJR) stocks. They significantly reduced their stock positions in GRUPO FINANCIERO GALICIA (GGAL), SUNRUN INC (RUN) and SNOWFLAKE INC-CLASS A (SNOW). SPX Gestao de Recursos Ltda opened new stock positions in AURA MINERALS INC, FIRST SOLAR INC (FSLR) and INTER & CO INC - CL A (INTR). The fund showed a lot of confidence in some stocks as they added substantially to ALIBABA GROUP HOLDING LTD (BABA), LATAM AIRLINES GROUP-SP ADR and ISHARES MSCI EMERGING MARKETS ETF (IJR).

SPX Equities Gestao de Recursos Ltda Annual Return Estimates Vs S&P 500

Our best estimate is that SPX Gestao de Recursos Ltda made a return of 0.77% in the last quarter. In trailing 12 months, it's portfolio return was 3.25%.

New Buys

Ticker	$ Bought
aura minerals inc	29,988,400
first solar inc	25,636,600
inter & co inc - cl a	18,930,100
nu holdings ltd/cayman isl-a	10,473,200
microsoft corporation	10,359,000
broadcom inc	6,928,110
sea ltd-adr	6,791,740
futu holdings ltd-adr	5,391,210

New stocks bought by SPX Equities Gestao de Recursos Ltda

Additions

Ticker	% Inc.
alibaba group holding ltd	6,600
latam airlines group-sp adr	3,884
compnhia enrg	1,385
ishares msci emerging markets etf	1,133
ishares msci brazil etf	700
xp inc - class a	619
grindr inc	321
vale sa sp adr	303

Additions to existing portfolio by SPX Equities Gestao de Recursos Ltda

Reductions

Ticker	% Reduced
grupo financiero galicia	-91.85
sunrun inc	-84.5
snowflake inc-class a	-81.33
meta platforms inc	-81.28
amazon.com inc	-81.09
bank of america	-80.00
eaton corp plc	-72.00
newmont corp	-66.67

SPX Equities Gestao de Recursos Ltda reduced stake in above stock

Sold off

Ticker	$ Sold
ishares core s&p small-cap etf	-86,073,000
pilgrims pride corp	-20,487,300
peabody energy corp	-5,665,920
spdr s&p bank etf	-17,965,900
sempra	-23,353,700
vertiv holdings llc	-29,534,300
bhp billiton ltd -spon adr	-10,459,600
invesco s&p smallcap quality e	-7,701,230

SPX Equities Gestao de Recursos Ltda got rid off the above stocks

Sector Distribution

SPX Gestao de Recursos Ltda has about 81.7% of it's holdings in Others sector.

Sector	%
Others	81.7
Technology	8.6
Utilities	3.8
Energy	1.3
Industrials	1.1
Communication Services	1.1

Market Cap. Distribution

SPX Gestao de Recursos Ltda has about 13.9% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	81.8
LARGE-CAP	9.1
MEGA-CAP	4.8
MID-CAP	2.1
SMALL-CAP	1.8

Stocks belong to which Index?

About 12.7% of the stocks held by SPX Gestao de Recursos Ltda either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	87.2
S&P 500	9.7
RUSSELL 2000	3

Top 5 Winners (%)		%
RUN	sunrun inc	111.4 %
NEM	newmont corp	44.7 %
MU	micron technology inc	35.8 %
UEC	uranium energy	20.6 %
IJR	ishare china large cap etf	11.9 %

Top 5 Winners ($)		$
NEM	newmont corp	2.0 M
NVDA	nvidia corp	1.3 M
RUN	sunrun inc	0.9 M
MU	micron technology inc	0.9 M
VST	vistra corp	0.7 M

Top 5 Losers (%)		%
TDG	transdigm group inc	-11.6 %
ACHR	archer aviation inc	-10.2 %
OWL	blue owl capital inc	-8.1 %
CTLP	cantaloupe inc	-2.1 %
NKE	nike inc cl b	-1.8 %

Top 5 Losers ($)		$
OWL	blue owl capital inc	-0.6 M
TDG	transdigm group inc	-0.2 M
META	meta platforms inc	-0.2 M
ACHR	archer aviation inc	-0.1 M
CTLP	cantaloupe inc	-0.1 M

SPX Equities Gestao de Recursos Ltda Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of SPX Equities Gestao de Recursos Ltda

SPX Gestao de Recursos Ltda has 126 stocks in it's portfolio. About 50.7% of the portfolio is in top 10 stocks. OWL proved to be the most loss making stock for the portfolio. NEM was the most profitable stock for SPX Gestao de Recursos Ltda last quarter.

Last Reported on: 12 Nov, 2025

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
ACHR	archer aviation inc	0.08	105,000	1,005,900	added	16.67

ACWV	ishares msci brazil etf	4.12	1,600,000	49,600,000	added	700

ACWV	ishares msci south korea etf	0.20	30,000	2,403,000	reduced	-59.46

AFYA	afya ltd-class a	0.24	185,577	2,895,000	new

AGNG	global x uranium	0.00	0.00	0.00	sold off	-100

ALCC	oklo inc	0.00	0.00	0.00	sold off	-100

AMD	advanced micro devices	0.09	6,500	1,051,640	new

AMZN	amazon.com inc	0.60	32,880	7,219,460	reduced	-81.09

ANET	arista networks	0.10	8,000	1,165,680	new

ARCO	arcos dorados holdings inc	3.56	6,342,620	42,812,700	added	39.87

ARRY	array technologies inc	0.02	27,000	220,050	new

ASPI	asp isotopes inc	0.09	109,600	1,054,350	new

AVGO	broadcom inc	0.58	21,000	6,928,110	new

BAB	invesco s&p smallcap quality e	0.00	0.00	0.00	sold off	-100

BABA	alibaba group holding ltd	0.50	33,500	5,987,460	added	6,600

BAC	bank of america	0.06	15,000	773,850	reduced	-80.00

BAP	credicorp	2.85	128,592	34,241,500	reduced	-31.22

BBD	banco bradesco	1.64	5,842,470	19,747,600	added	49.69

BE	bloom energy corp- a	0.14	20,000	1,691,400	new

BIL	state street spdr s&p oil & ga	0.15	14,000	1,850,800	new