SPX Gestao de Recursos Ltda Quant / Systematic

Location: Rio De Janeiro, Brazil

CIK: 0001589176 · Show all filings

Period: Q2 2019 (← Previous) (Next →)

Filing Date: Jul 10, 2019

Total Value: $657M (100.0% shares, 0.0% debt)

Holdings (36)

VALE VALE SA ADR 21.0%

Value $138M Shares 10,260,458 Share Price $13.44 Est. Cost/Share $43609.28 Unrealized @ Report Date —

EEM ISHARES MSCI EMERGING MARKETS ETF 15.9%

Value $105M Shares 2,437,100 Share Price $42.91 Est. Cost/Share $42.91 Unrealized @ Report Date —

EWY ISHARES MSCI SOUTH KOREA ETF 8.8%

Value $57.48M Shares 960,000 Share Price $59.87 Est. Cost/Share $59.87 Unrealized @ Report Date —

ARMK ARAMARK COM STK 7.5%

Value $49.53M Shares 1,373,422 Share Price $36.06 * Est. Cost/Share $23.95 Unrealized @ Report Date -10.2%

PBR/A PETROLEO BRASILEIRO SA PETROBR ADR 5.5%

Value $35.96M Shares 2,532,603 Share Price $14.20 Est. Cost/Share $3754082.20 Unrealized @ Report Date —

FXI ISHARE CHINA LARGE CAP ETF 5.2%

Value $34.22M Shares 800,000 Share Price $42.77 Est. Cost/Share $42.77 Unrealized @ Report Date —

TMUS TMOBILE US INC COM STK 4.7%

Value $31M Shares 418,086 Share Price $74.14 * Est. Cost/Share $71.76 Unrealized @ Report Date 0.0%

BBD BANCO BRADESCO SA BRAD ADR 4.5%

Value $29.66M Shares 3,020,689 Share Price $9.82 Est. Cost/Share $209452.34 Unrealized @ Report Date —

EBAY EBAY INC COM STK 3.1%

Value $20.53M Shares 519,675 Share Price $39.50 * Est. Cost/Share $33.32 Unrealized @ Report Date +0.9%

PBR PETROLEO BRASIL 2.6%

Value $16.95M Shares 1,088,648 Share Price $15.57 Est. Cost/Share $1279404.20 Unrealized @ Report Date —

— BANCO SANTANDER MEXICO ADR 2.6%

Value $16.77M Shares 2,192,774 Share Price $7.65 Est. Cost/Share $599964.94 Unrealized @ Report Date —

— AZUL SA 2.4%

Value $15.59M Shares 466,062 Share Price $33.44 Est. Cost/Share $1626689.00 Unrealized @ Report Date —

CIG CIA ENERGETICA DE MINAS GERAIS ADR 2.0%

Value $12.88M Shares 3,381,094 Share Price $3.81 Est. Cost/Share $3.62 Unrealized @ Report Date —

CCK CROWN HOLDINGS INC COM STK 1.7%

Value $11.48M Shares 187,949 Share Price $61.10 * Est. Cost/Share $43.05 Unrealized @ Report Date +28.7%

TV GRUPO TELEVISA SA ADR 1.4%

Value $9.364M Shares 1,109,500 Share Price $8.44 Est. Cost/Share $687544.60 Unrealized @ Report Date —

— AVON PRODS INC COM STK 1.3%

Value $8.34M Shares 2,149,417 Share Price $3.88 Est. Cost/Share $3.88 Unrealized @ Report Date —

— BBVA BANCO FRANCES SA ADR 1.3%

Value $8.281M Shares 731,545 Share Price $11.32 Est. Cost/Share $10.22 Unrealized @ Report Date —

BA BOEING USD5 COM 1.0%

Value $6.37M Shares 17,500 Share Price $364.00 Est. Cost/Share $357.24 Unrealized @ Report Date 0.0%

EWZ ISHARES MSCI BRAZIL ETF 0.7%

Value $4.561M Shares 104,313 Share Price $43.72 Est. Cost/Share $15550106.00 Unrealized @ Report Date —

— COSAN LTD COM STK 0.7%

Value $4.318M Shares 323,177 Share Price $13.36 Est. Cost/Share $13.36 Unrealized @ Report Date —

— ADR TIM PARTICIPACOES SA COM STK 0.6%

Value $4.237M Shares 283,020 Share Price $14.97 Est. Cost/Share $14.97 Unrealized @ Report Date —

GGB GERDAU SA COSG ADR 0.6%

Value $3.905M Shares 1,003,920 Share Price $3.89 Est. Cost/Share $3.89 Unrealized @ Report Date —

ARCO ARCOS DORADOS HOLDINGS INC COM STK 0.6%

Value $3.885M Shares 533,641 Share Price $7.28 * Est. Cost/Share $5.98 Unrealized @ Report Date 0.0%

— DD3 ACQUISITION CORP 0.5%

Value $3.072M Shares 300,000 Share Price $10.24 Est. Cost/Share $10.02 Unrealized @ Report Date —

TX TERNIUM SA ADR 0.4%

Value $2.94M Shares 131,094 Share Price $22.43 Est. Cost/Share $24.62 Unrealized @ Report Date —

ALB ALBEMARLE CORP COM STK 0.4%

Value $2.816M Shares 40,000 Share Price $70.40 * Est. Cost/Share $67.39 Unrealized @ Report Date 0.0%

ENIC ENEL CHILE SA 0.4%

Value $2.533M Shares 530,000 Share Price $4.78 Est. Cost/Share $1602858.10 Unrealized @ Report Date —

MT ARCELORMITTAL ADR 0.4%

Value $2.48M Shares 137,548 Share Price $18.03 Est. Cost/Share $12296166.00 Unrealized @ Report Date —

SID COMPANHIA SIDERURGICA NACIONAL ADR 0.4%

Value $2.354M Shares 546,223 Share Price $4.31 Est. Cost/Share $4.31 Unrealized @ Report Date —

MPC MARATHON PETROLEUM CORP COM STK 0.3%

Value $2.235M Shares 40,000 Share Price $55.88 * Est. Cost/Share $44.27 Unrealized @ Report Date 0.0%

— COMPANHIA BRASILEIRA DE DISTRIBUIACAO 0.3%

Value $1.904M Shares 77,788 Share Price $24.48 Est. Cost/Share $2304738.80 Unrealized @ Report Date —

— DESPEGARCOM CORP COM STK 0.3%

Value $1.872M Shares 134,800 Share Price $13.89 Est. Cost/Share $13.34 Unrealized @ Report Date —

CEPU CENTRAL PUERTO 0.3%

Value $1.854M Shares 200,000 Share Price $9.27 Est. Cost/Share $16.84 Unrealized @ Report Date —

KOF COCA COLA FEMSA SAB DE CV ADR 0.3%

Value $1.733M Shares 27,890 Share Price $62.14 Est. Cost/Share $65.86 Unrealized @ Report Date —

ASR GRUPO AEROPORTUARIO DEL SUREST ADR 0.2%

Value $1.621M Shares 10,000 Share Price $162.10 Est. Cost/Share $153.73 Unrealized @ Report Date —

— IRSA PROPIEDADES COMERCIADR 0.2%

Value $1.493M Shares 73,068 Share Price $20.43 Est. Cost/Share $54.81 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
VALE	VALE SA ADR	10,260,458	$138M	21.0%	$13.44	$43609.28	—	ADR	91912E105
EEM	ISHARES MSCI EMERGING MARKETS ETF	2,437,100	$105M	15.9%	$42.91	$42.91	—	ETF	464287234
EWY	ISHARES MSCI SOUTH KOREA ETF	960,000	$57.48M	8.8%	$59.87	$59.87	—	ETF	464286772
ARMK	ARAMARK COM STK	1,373,422	$49.53M	7.5%	$36.06 *	$23.95	-10.2%	COM	03852U106
PBR/A	PETROLEO BRASILEIRO SA PETROBR ADR	2,532,603	$35.96M	5.5%	$14.20	$3754082.20	—	ADR	71654V101
FXI	ISHARE CHINA LARGE CAP ETF	800,000	$34.22M	5.2%	$42.77	$42.77	—	ETF	464287184
TMUS	TMOBILE US INC COM STK	418,086	$31M	4.7%	$74.14 *	$71.76	0.0%	COM	872590104
BBD	BANCO BRADESCO SA BRAD ADR	3,020,689	$29.66M	4.5%	$9.82	$209452.34	—	ADR	059460303
EBAY	EBAY INC COM STK	519,675	$20.53M	3.1%	$39.50 *	$33.32	+0.9%	COM	278642103
PBR	PETROLEO BRASIL	1,088,648	$16.95M	2.6%	$15.57	$1279404.20	—	ADR	71654V408
—	BANCO SANTANDER MEXICO ADR	2,192,774	$16.77M	2.6%	$7.65	$599964.94	—	ADR	05969B103
—	AZUL SA	466,062	$15.59M	2.4%	$33.44	$1626689.00	—	ADR	05501U106
CIG	CIA ENERGETICA DE MINAS GERAIS ADR	3,381,094	$12.88M	2.0%	$3.81	$3.62	—	ADR	204409601
CCK	CROWN HOLDINGS INC COM STK	187,949	$11.48M	1.7%	$61.10 *	$43.05	+28.7%	COM	228368106
TV	GRUPO TELEVISA SA ADR	1,109,500	$9.364M	1.4%	$8.44	$687544.60	—	ADR	40049J206
—	AVON PRODS INC COM STK	2,149,417	$8.34M	1.3%	$3.88	$3.88	—	COM	054303102
—	BBVA BANCO FRANCES SA ADR	731,545	$8.281M	1.3%	$11.32	$10.22	—	ADR	07329M100
BA	BOEING USD5 COM	17,500	$6.37M	1.0%	$364.00	$357.24	0.0%	COM	097023105
EWZ	ISHARES MSCI BRAZIL ETF	104,313	$4.561M	0.7%	$43.72	$15550106.00	—	ETF	464286400
—	COSAN LTD COM STK	323,177	$4.318M	0.7%	$13.36	$13.36	—	SHS A	G25343107
—	ADR TIM PARTICIPACOES SA COM STK	283,020	$4.237M	0.6%	$14.97	$14.97	—	SPONSORED ADR	88706P205
GGB	GERDAU SA COSG ADR	1,003,920	$3.905M	0.6%	$3.89	$3.89	—	ADR	373737105
ARCO	ARCOS DORADOS HOLDINGS INC COM STK	533,641	$3.885M	0.6%	$7.28 *	$5.98	0.0%	SHS CLASS -A -	G0457F107
—	DD3 ACQUISITION CORP	300,000	$3.072M	0.5%	$10.24	$10.02	—	UNIT 10/12/2023	G2692M129
TX	TERNIUM SA ADR	131,094	$2.94M	0.4%	$22.43	$24.62	—	ADR	880890108
ALB	ALBEMARLE CORP COM STK	40,000	$2.816M	0.4%	$70.40 *	$67.39	0.0%	COM	012653101
ENIC	ENEL CHILE SA	530,000	$2.533M	0.4%	$4.78	$1602858.10	—	SPONSORED ADS	29278D105
MT	ARCELORMITTAL ADR	137,548	$2.48M	0.4%	$18.03	$12296166.00	—	ADR	03938L203
SID	COMPANHIA SIDERURGICA NACIONAL ADR	546,223	$2.354M	0.4%	$4.31	$4.31	—	SPONSORED ADR	20440W105
MPC	MARATHON PETROLEUM CORP COM STK	40,000	$2.235M	0.3%	$55.88 *	$44.27	0.0%	COM	56585A102
—	COMPANHIA BRASILEIRA DE DISTRIBUIACAO	77,788	$1.904M	0.3%	$24.48	$2304738.80	—	ADR	20440T201
—	DESPEGARCOM CORP COM STK	134,800	$1.872M	0.3%	$13.89	$13.34	—	COM	G27358103
CEPU	CENTRAL PUERTO	200,000	$1.854M	0.3%	$9.27	$16.84	—	SPONSORED ADS	155038201
KOF	COCA COLA FEMSA SAB DE CV ADR	27,890	$1.733M	0.3%	$62.14	$65.86	—	ADR	191241108
ASR	GRUPO AEROPORTUARIO DEL SUREST ADR	10,000	$1.621M	0.2%	$162.10	$153.73	—	ADR	40051E202
—	IRSA PROPIEDADES COMERCIADR	73,068	$1.493M	0.2%	$20.43	$54.81	—	ADR	463588103