SPX Gestao de Recursos Ltda Quant / Systematic

Location: Rio De Janeiro, Brazil

CIK: 0001589176 · Show all filings

Period: Q4 2019 (← Previous) (Next →)

Filing Date: Jan 28, 2020

Total Value: $643M (100.0% shares, 0.0% debt)

Holdings (36)

EEM ISHARES MSCI EMERGING MARKETS ETF 10.2%

Value $65.73M Shares 1,465,000 Share Price $44.87 Est. Cost/Share $44.87 Unrealized @ Report Date —

TMUS TMOBILE US INC COM STK 9.5%

Value $60.89M Shares 776,466 Share Price $78.42 * Est. Cost/Share $73.64 Unrealized @ Report Date +3.2%

LOW LOWES COS INC COM STK 9.1%

Value $58.51M Shares 488,523 Share Price $119.76 * Est. Cost/Share $98.59 Unrealized @ Report Date +3.8%

ARMK ARAMARK COM STK 7.6%

Value $48.72M Shares 1,122,654 Share Price $43.40 * Est. Cost/Share $23.95 Unrealized @ Report Date +21.1%

— ROYAL DUTCH SHELL PLC ADR 6.9%

Value $44.51M Shares 754,613 Share Price $58.98 Est. Cost/Share $58.98 Unrealized @ Report Date —

RIO RIO TINTO PLC ADR 6.4%

Value $41.24M Shares 694,733 Share Price $59.36 Est. Cost/Share $58.25 Unrealized @ Report Date —

VALE VALE SA ADR 6.2%

Value $40.18M Shares 3,043,773 Share Price $13.20 Est. Cost/Share $43609.28 Unrealized @ Report Date —

— AVON PRODS INC COM STK 5.7%

Value $36.54M Shares 6,478,181 Share Price $5.64 Est. Cost/Share $5.64 Unrealized @ Report Date —

XLI INDUSTRIAL SELECT SECT SPDR 4.6%

Value $29.41M Shares 361,000 Share Price $81.47 Est. Cost/Share $81.47 Unrealized @ Report Date —

BBD BANCO BRADESCO SA BRAD ADR 4.6%

Value $29.32M Shares 3,276,563 Share Price $8.95 Est. Cost/Share $183516.89 Unrealized @ Report Date —

— ADR TIM PARTICIPACOES SA COM STK 3.7%

Value $23.8M Shares 1,245,502 Share Price $19.11 Est. Cost/Share $14.49 Unrealized @ Report Date —

XP XP INC COM STK 3.3%

Value $21.43M Shares 556,248 Share Price $38.52 * Est. Cost/Share $37.54 Unrealized @ Report Date 0.0%

— SPRINT CORP 3.2%

Value $20.79M Shares 3,989,390 Share Price $5.21 Est. Cost/Share $6.17 Unrealized @ Report Date —

BP BP AMOCO PLC ADR 2.4%

Value $15.2M Shares 402,653 Share Price $37.74 Est. Cost/Share $37.74 Unrealized @ Report Date —

— BANCO SANTANDER MEXICO ADR 2.1%

Value $13.8M Shares 2,034,950 Share Price $6.78 Est. Cost/Share $477626.47 Unrealized @ Report Date —

EMBJ EMBRAER S A ADR 1.6%

Value $10.3M Shares 528,345 Share Price $19.49 Est. Cost/Share $19.49 Unrealized @ Report Date —

TV GRUPO TELEVISA SA ADR 1.5%

Value $9.832M Shares 838,200 Share Price $11.73 Est. Cost/Share $687544.60 Unrealized @ Report Date —

CCU CIA CERVECERIAS UNIDAS SA CERV ADR 1.2%

Value $7.979M Shares 420,600 Share Price $18.97 Est. Cost/Share $22.19 Unrealized @ Report Date —

SAN BANCO SANTANDER CEN SPON ADR 1.2%

Value $7.942M Shares 1,918,256 Share Price $4.14 Est. Cost/Share $4.05 Unrealized @ Report Date —

KOF COCA COLA FEMSA SAB DE CV ADR 1.0%

Value $6.668M Shares 110,000 Share Price $60.62 Est. Cost/Share $61.95 Unrealized @ Report Date —

CX CEMEX SAB DE CV ADR 0.9%

Value $5.67M Shares 1,500,000 Share Price $3.78 Est. Cost/Share $3.78 Unrealized @ Report Date —

CPA COPA HOLDINGS SA COM STK 0.8%

Value $4.864M Shares 45,000 Share Price $108.09 * Est. Cost/Share $85.23 Unrealized @ Report Date +2.8%

XLE ENERGY SELECT SECTOR SPDR 0.7%

Value $4.362M Shares 72,650 Share Price $60.04 Est. Cost/Share $60.04 Unrealized @ Report Date —

ENIC ENEL CHILE SA 0.6%

Value $3.864M Shares 813,464 Share Price $4.75 Est. Cost/Share $954512.75 Unrealized @ Report Date —

— PUT S 100 @ 6 EXP 01172020 0.6%

Value $3.626M Shares 39,925 Share Price $90.82 Est. Cost/Share $90.82 Unrealized @ Report Date —

UGP ULTRAPAR PARTICIPACOES SA ADR 0.5%

Value $3.205M Shares 511,949 Share Price $6.26 Est. Cost/Share $6.26 Unrealized @ Report Date —

BAP CREDICORP LTD COM 0.5%

Value $3.197M Shares 15,000 Share Price $213.13 * Est. Cost/Share $179.07 Unrealized @ Report Date 0.0%

PBR/A PETROLEO BRASILEIRO SA PETROBR ADR 0.5%

Value $3.028M Shares 202,959 Share Price $14.92 Est. Cost/Share $3754082.20 Unrealized @ Report Date —

— LIV CAPITAL ACQUISITION CORP 0.5%

Value $3.018M Shares 300,000 Share Price $10.06 Est. Cost/Share $10.06 Unrealized @ Report Date —

— DD3 ACQUISITION CORP 0.5%

Value $2.9M Shares 283,777 Share Price $10.22 Est. Cost/Share $10.22 Unrealized @ Report Date —

BHP BHP BILLITON LTD SPON ADR 0.5%

Value $2.895M Shares 52,916 Share Price $54.71 Est. Cost/Share $54.71 Unrealized @ Report Date —

ASR GRUPO AEROPORTUARIO DEL SUREST ADR 0.3%

Value $2.249M Shares 12,000 Share Price $187.42 Est. Cost/Share $159.35 Unrealized @ Report Date —

SQM SOCIEDAD QUIMICA Y MINERA DE C ADR 0.3%

Value $2.215M Shares 83,000 Share Price $26.69 Est. Cost/Share $26.69 Unrealized @ Report Date —

TX TERNIUM SA ADR 0.3%

Value $2.2M Shares 100,000 Share Price $22.00 Est. Cost/Share $24.10 Unrealized @ Report Date —

— GOL LINHAS AEREAS INTELIGENTES ADR 0.3%

Value $1.755M Shares 97,108 Share Price $18.07 Est. Cost/Share $18.07 Unrealized @ Report Date —

SID COMPANHIA SIDERURGICA NACIONAL ADR 0.2%

Value $1.052M Shares 304,833 Share Price $3.45 Est. Cost/Share $3.45 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
EEM	ISHARES MSCI EMERGING MARKETS ETF	1,465,000	$65.73M	10.2%	$44.87	$44.87	—	ADR	464287234
TMUS	TMOBILE US INC COM STK	776,466	$60.89M	9.5%	$78.42 *	$73.64	+3.2%	MSCI INDIA ETF	872590104
LOW	LOWES COS INC COM STK	488,523	$58.51M	9.1%	$119.76 *	$98.59	+3.8%	PUT	548661107
ARMK	ARAMARK COM STK	1,122,654	$48.72M	7.6%	$43.40 *	$23.95	+21.1%	ADR	03852U106
—	ROYAL DUTCH SHELL PLC ADR	754,613	$44.51M	6.9%	$58.98	$58.98	—	SHS A	780259206
RIO	RIO TINTO PLC ADR	694,733	$41.24M	6.4%	$59.36	$58.25	—	UNIT 10/12/2023	767204100
VALE	VALE SA ADR	3,043,773	$40.18M	6.2%	$13.20	$43609.28	—	ADR	91912E105
—	AVON PRODS INC COM STK	6,478,181	$36.54M	5.7%	$5.64	$5.64	—	COM CL A	054303102
XLI	INDUSTRIAL SELECT SECT SPDR	361,000	$29.41M	4.6%	$81.47	$81.47	—	COM	81369Y704
BBD	BANCO BRADESCO SA BRAD ADR	3,276,563	$29.32M	4.6%	$8.95	$183516.89	—	SPONSORED ADS	059460303
—	ADR TIM PARTICIPACOES SA COM STK	1,245,502	$23.8M	3.7%	$19.11	$14.49	—	COM	88706P205
XP	XP INC COM STK	556,248	$21.43M	3.3%	$38.52 *	$37.54	0.0%	ADR	G98239109
—	SPRINT CORP	3,989,390	$20.79M	3.2%	$5.21	$6.17	—	ADR	85207U105
BP	BP AMOCO PLC ADR	402,653	$15.2M	2.4%	$37.74	$37.74	—	ADR	055622104
—	BANCO SANTANDER MEXICO ADR	2,034,950	$13.8M	2.1%	$6.78	$477626.47	—	ADR	05969B103
EMBJ	EMBRAER S A ADR	528,345	$10.3M	1.6%	$19.49	$19.49	—	SPONSORED ADR	29082A107
TV	GRUPO TELEVISA SA ADR	838,200	$9.832M	1.5%	$11.73	$687544.60	—	ADR	40049J206
CCU	CIA CERVECERIAS UNIDAS SA CERV ADR	420,600	$7.979M	1.2%	$18.97	$22.19	—	COM	204429104
SAN	BANCO SANTANDER CEN SPON ADR	1,918,256	$7.942M	1.2%	$4.14	$4.05	—	ADR	05964H105
KOF	COCA COLA FEMSA SAB DE CV ADR	110,000	$6.668M	1.0%	$60.62	$61.95	—	ADR	191241108
CX	CEMEX SAB DE CV ADR	1,500,000	$5.67M	0.9%	$3.78	$3.78	—	SPONSORED ADR	151290889
CPA	COPA HOLDINGS SA COM STK	45,000	$4.864M	0.8%	$108.09 *	$85.23	+2.8%	ADR	P31076105
XLE	ENERGY SELECT SECTOR SPDR	72,650	$4.362M	0.7%	$60.04	$60.04	—	COM	81369Y506
ENIC	ENEL CHILE SA	813,464	$3.864M	0.6%	$4.75	$954512.75	—	ADR	29278D105
—	PUT S 100 @ 6 EXP 01172020	39,925	$3.626M	0.6%	$90.82	$90.82	—	ADR	99O1CNM23
UGP	ULTRAPAR PARTICIPACOES SA ADR	511,949	$3.205M	0.5%	$6.26	$6.26	—	ETF	90400P101
BAP	CREDICORP LTD COM	15,000	$3.197M	0.5%	$213.13 *	$179.07	0.0%	COM	G2519Y108
PBR/A	PETROLEO BRASILEIRO SA PETROBR ADR	202,959	$3.028M	0.5%	$14.92	$3754082.20	—	SPONSORED ADR	71654V101
—	LIV CAPITAL ACQUISITION CORP	300,000	$3.018M	0.5%	$10.06	$10.06	—	SPONSORED ADR	G5510C124
—	DD3 ACQUISITION CORP	283,777	$2.9M	0.5%	$10.22	$10.22	—	SPONSORED ADS	G2692M103
BHP	BHP BILLITON LTD SPON ADR	52,916	$2.895M	0.5%	$54.71	$54.71	—	SPONSORED ADS	088606108
ASR	GRUPO AEROPORTUARIO DEL SUREST ADR	12,000	$2.249M	0.3%	$187.42	$159.35	—	CL A	40051E202
SQM	SOCIEDAD QUIMICA Y MINERA DE C ADR	83,000	$2.215M	0.3%	$26.69	$26.69	—	PUT	833635105
TX	TERNIUM SA ADR	100,000	$2.2M	0.3%	$22.00	$24.10	—	CL A	880890108
—	GOL LINHAS AEREAS INTELIGENTES ADR	97,108	$1.755M	0.3%	$18.07	$18.07	—	ADR	38045R206
SID	COMPANHIA SIDERURGICA NACIONAL ADR	304,833	$1.052M	0.2%	$3.45	$3.45	—	SPONSORED ADS	20440W105