Latest SPX Equities Gestao de Recursos Ltda Stock Portfolio

$1.20Billion– No. of Holdings #65

SPX Equities Gestao de Recursos Ltda Performance:

2026 Q1: 5.41%YTD: 5.41%2025: 16.79%

Performance for 2026 Q1 is 5.41%, and YTD is 5.41%, and 2025 is 16.79%.

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

On 2026-05-06, the fund reported it's updated stock portfolio. In the 13F Holdings report, SPX Gestao de Recursos Ltda reported an equity portfolio of $1.2 Billions as of 31 Mar, 2026.

The top stock holdings of SPX Gestao de Recursos Ltda are PBR, XLB, STNE. The fund has invested 10.7% of it's portfolio in PETROLEO BRASILEIRO SA PETRO and 10% of portfolio in STATE STREET CONSUMER STAPLES.

The fund managers got completely rid off LAM RESEARCH (LRCX), APPLIED OPTOELR (AAOI) and KRANESHARES CSI CHINA (BNDD) stocks. They significantly reduced their stock positions in ALIBABA GROUP HOLDING LTD (BABA), MICRON TECHNOLOGY INC (MU) and RIO TINTO PLC (RIO). SPX Gestao de Recursos Ltda opened new stock positions in STATE STREET CONSUMER STAPLES (XLB), ISHARES MSCI CHN (AMPS) and NU HOLDINGS LTD/CAYMAN ISL-A (NU). The fund showed a lot of confidence in some stocks as they added substantially to NVIDIA CORP (NVDA), VALE SA SP ADR (VALE) and INTER & CO INC - CL A (INTR).

SPX Equities Gestao de Recursos Ltda Equity Portfolio Value

Last Reported on: 06 May, 2026

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 5.41% in the last quarter. In trailing 12 months, it's portfolio return was 23.92%.

Performance
S&P 500

New Buys

Ticker	$ Bought
state street consumer staples	120,192,000
ishares msci chn	54,607,000
nu holdings ltd/cayman isl-a	36,927,400
taiwan semi adr	20,030,600
ishares msci brazil etf	18,932,700
pampa energia sa	14,482,400
alcoa corp	10,301,000
telecom argentina	8,565,230

New stocks bought by SPX Equities Gestao de Recursos Ltda

Additions

Ticker	% Inc.
nvidia corp	1,715
vale sa sp adr	1,302
inter & co inc - cl a	1,059
petroleo brasileiro sa petro	486
banco bradesco	221
latam airlines group-sp adr	168
core scientific inc	95.94
amazon.com inc	92.98

Additions to existing portfolio by SPX Equities Gestao de Recursos Ltda

Reductions

Ticker	% Reduced
alibaba group holding ltd	-99.99
micron technology inc	-99.76
rio tinto plc	-89.61
xp inc - class a	-71.71
credicorp	-66.14
petroleo brasileiro adr	-64.55
suzano sa	-56.95
basic sanitation company of the state of	-48.87

SPX Equities Gestao de Recursos Ltda reduced stake in above stock

Sold off

Ticker	$ Sold
kraneshares csi china	-70,667,400
aura minerals inc	-44,224,600
jbs nv-a	-3,000,800
first solar inc	-53,356,200
afya ltd-class a	-2,725,910
globant sa	-8,704,670
state street spdr s&p 500 etf	-55,524,700
brazil potash corp	-140,941

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

Sector Distribution

SPX Gestao de Recursos Ltda has about 87.3% of it's holdings in Others sector.

Others
Utilities
Technology
Consumer Cyclical

Sector	%
Others	87.3
Utilities	4.8
Technology	4.4
Consumer Cyclical	1.1

Market Cap. Distribution

SPX Gestao de Recursos Ltda has about 5.6% of it's portfolio invested in the large-cap and mega-cap stocks.

UNALLOCATED
MID-CAP
MEGA-CAP

Category	%
UNALLOCATED	87.3
MID-CAP	6.1
MEGA-CAP	5.6

Stocks belong to which Index?

About 20.9% of the stocks held by SPX Gestao de Recursos Ltda either belong to S&P 500 or RUSSELL 2000 index.

Others
RUSSELL 2000
S&P 500

Index	%
Others	79.1
RUSSELL 2000	15.1
S&P 500	5.8

Top 5 Winners (%)		%
PBR	petroleo brasileiro adr	50.9 %
UGP	ultrapar participacoes	43.6 %
PBR	petroleo brasileiro sa petro	30.5 %
BP	bp plc	29.6 %
	axia energia sa	26.5 %

Top 5 Winners ($)		$
PBR	petroleo brasileiro sa petro	30.1 M
PBR	petroleo brasileiro adr	29.5 M
VALE	vale sa sp adr	8.5 M
XP	xp inc - class a	7.2 M
BAP	credicorp	7.0 M

Top 5 Losers (%)		%
PGY	pagaya technologies ltd -a	-39.8 %
OWL	blue owl capital inc	-38.9 %
EVEX	eve holding inc	-34.2 %
VINP	vinci compass investments ltd	-18.0 %
	talen energy corp	-13.3 %

Top 5 Losers ($)		$
VINP	vinci compass investments ltd	-10.8 M
STNE	stoneco ltd-a	-4.3 M
EVEX	eve holding inc	-3.9 M
OWL	blue owl capital inc	-2.8 M
	latam airlines group-sp adr	-2.8 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 65 stocks in it's portfolio. About 60.3% of the portfolio is in top 10 stocks. VINP proved to be the most loss making stock for the portfolio. PBR was the most profitable stock for SPX Gestao de Recursos Ltda last quarter.

Last Reported on: 06 May, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AA	alcoa corp	0.86	155,300	10,301,000	new

AAOI	applied optoelr	0.00	0.00	0.00	sold off

ABEV	comphania de bebidas das americas ambev	0.02	70,408	205,591	unchanged	0.00

ACWV	ishares msci brazil etf	1.57	493,168	18,932,700	new

ACWV	ishares msci south korea etf	0.00	0.00	0.00	sold off	-100

AFYA	afya ltd-class a	0.00	0.00	0.00	sold off	-100

AMD	advanced micro devices	0.00	0.00	0.00	sold off	-100

AMPS	ishares msci chn	4.53	972,000	54,607,000	new

AMZN	amazon.com inc	1.08	62,640	13,046,000	added	92.98

AOA	ishrs brazil sm	0.00	3,617	53,568	new

ARCO	arcos dorados holdings inc	4.08	5,949,290	49,081,600	reduced	-21.22

BABA	alibaba group holding ltd	0.00	16.00	2,007	reduced	-99.99

BAP	credicorp	1.90	67,403	22,861,800	reduced	-66.14

BBD	banco bradesco	3.35	11,052,000	40,339,700	added	221

BBD	banco bradesco	0.00	0.00	0.00	sold off

BCH	banco de chile	0.00	1,443	53,449	new

BHP	bhp billiton ltd -spon adr	0.00	0.00	0.00	sold off

BIL	state street spdr s&p oil & ga	0.00	0.00	0.00	sold off	-100

BNDD	kraneshares csi china	0.00	0.00	0.00	sold off	-100

BP	bp plc	1.38	354,344	16,654,200	reduced	-32.28