SPX Gestao de Recursos Ltda Quant / Systematic

CIK: 0001589176 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 12, 2025

Total Value ($000): $1,203,266 (100.0% shares, 0.0% debt)

Holdings (160)

VALE VALE SA SP ADR 10.0%
Value ($000) $120,203 Shares 11,068,403 Est. Cost $19.92 Unrealized
PBR PETROLEO BRASILEIRO ADR 8.3%
Value ($000) $100,229 Shares 7,916,982 Est. Cost $12.73 Unrealized
EEM ISHARES MSCI EMERGING MARKETS ETF 6.6%
Value ($000) $79,032 Shares 1,480,000 Est. Cost $52.98 Unrealized
EWZ ISHARES MSCI BRAZIL ETF 4.1%
Value ($000) $49,600 Shares 1,600,000 Est. Cost $30.73 Unrealized
CPA COPA HOLDINGS SA 4.0%
Value ($000) $48,317 Shares 406,642 Est. Cost $87.17 Unrealized +28.4%
VINP VINCI COMPASS INVESTMENTS LTD 3.6%
Value ($000) $43,413 Shares 4,038,396 Est. Cost $10.67 Unrealized -6.9%
ARCO ARCOS DORADOS HOLDINGS INC 3.6%
Value ($000) $42,813 Shares 6,342,621 Est. Cost $7.37 Unrealized -5.2%
RIO RIO TINTO PLC 3.5%
Value ($000) $42,700 Shares 646,866 Est. Cost $63.31 Unrealized
LTM LATAM AIRLINES GROUP-SP ADR 3.5%
Value ($000) $42,323 Shares 935,321 Est. Cost $44.90 Unrealized
VST VISTRA CORP 3.5%
Value ($000) $41,633 Shares 212,500 Est. Cost $131.41 Unrealized +50.4%
XP XP INC - CLASS A 3.1%
Value ($000) $37,585 Shares 2,000,292 Est. Cost $17.35 Unrealized +3.3%
BAP CREDICORP 2.8%
Value ($000) $34,241 Shares 128,592 Est. Cost $172.65 Unrealized +43.3%
AUGO AURA MINERALS INC 2.5%
Value ($000) $29,988 Shares 805,922 Est. Cost $28.59 Unrealized 0.0%
TLN TALEN ENERGY CORP 2.4%
Value ($000) $28,343 Shares 66,630 Est. Cost $198.93 Unrealized +81.6%
FSLR FIRST SOLAR INC 2.1%
Value ($000) $25,637 Shares 116,250 Est. Cost $191.94 Unrealized 0.0%
BP BP PLC 2.0%
Value ($000) $24,236 Shares 703,309 Est. Cost $31.98 Unrealized
PBR/A PETROLEO BRASILEIRO SA PETRO 1.7%
Value ($000) $20,593 Shares 1,742,229 Est. Cost $12.85 Unrealized
BBD BANCO BRADESCO 1.6%
Value ($000) $19,748 Shares 5,842,473 Est. Cost $3.18 Unrealized
INTR INTER & CO INC - CL A 1.6%
Value ($000) $18,930 Shares 2,050,930 Est. Cost $7.76 Unrealized 0.0%
GEV GE VERNOVA LLC 1.5%
Value ($000) $17,648 Shares 28,700 Est. Cost $515.85 Unrealized +17.4%
NVDA NVIDIA CORP 1.4%
Value ($000) $16,605 Shares 88,996 Est. Cost $149.04 Unrealized +16.9%
EMBJ EMBRAER SA 1.2%
Value ($000) $13,974 Shares 231,172 Est. Cost $50.91 Unrealized
GGB GERDAU SA 1.2%
Value ($000) $13,922 Shares 4,491,042 Est. Cost $2.99 Unrealized
ITUB ITAU UNIBANCO HOLDING SA 1.0%
Value ($000) $12,288 Shares 1,674,082 Est. Cost $94.82 Unrealized
TGS TRANSPORT GAS SUR B ADR 1.0%
Value ($000) $12,163 Shares 578,365 Est. Cost $25.90 Unrealized
NU NU HOLDINGS LTD/CAYMAN ISL-A 0.9%
Value ($000) $10,473 Shares 654,165 Est. Cost $13.95 Unrealized 0.0%
MSFT MICROSOFT CORPORATION 0.9%
Value ($000) $10,359 Shares 20,000 Est. Cost $508.71 Unrealized 0.0%
SN SHARKNINJA INC 0.8%
Value ($000) $9,353 Shares 90,670 Est. Cost $102.48 Unrealized +11.4%
STNE STONECO LTD-A 0.7%
Value ($000) $8,575 Shares 453,462 Est. Cost $16.04 Unrealized
COMPANHIA PARANAENSE DE ENERGI 0.7%
Value ($000) $8,323 Shares 849,336 Est. Cost $468.01 Unrealized
META META PLATFORMS INC 0.7%
Value ($000) $8,100 Shares 11,030 Est. Cost $622.04 Unrealized +19.5%
HDB HDFC BK LTD 0.6%
Value ($000) $7,584 Shares 222,000 Est. Cost $51.25 Unrealized
ABEV COMPHANIA DE BEBIDAS DAS AMERICAS AMBEV 0.6%
Value ($000) $7,231 Shares 3,242,594 Est. Cost $2.00 Unrealized
AMZN AMAZON.COM INC 0.6%
Value ($000) $7,219 Shares 32,880 Est. Cost $200.03 Unrealized +13.2%
AVGO BROADCOM INC 0.6%
Value ($000) $6,928 Shares 21,000 Est. Cost $305.74 Unrealized 0.0%
CNR CORE NATURAL RESOURCES INC 0.6%
Value ($000) $6,845 Shares 82,000 Est. Cost $70.86 Unrealized +5.5%
SE SEA LTD-ADR 0.6%
Value ($000) $6,792 Shares 38,000 Est. Cost $178.73 Unrealized
OWL BLUE OWL CAPITAL INC 0.5%
Value ($000) $6,456 Shares 381,360 Est. Cost $19.31 Unrealized -1.5%
BABA ALIBABA GROUP HOLDING LTD 0.5%
Value ($000) $5,987 Shares 33,500 Est. Cost $178.04 Unrealized
CPAY CORPAY INC 0.5%
Value ($000) $5,750 Shares 19,960 Est. Cost $326.49 Unrealized -2.4%
FUTU FUTU HOLDINGS LTD-ADR 0.4%
Value ($000) $5,391 Shares 31,000 Est. Cost $173.91 Unrealized
SBS BASIC SANITATION COMPANY OF THE STATE OF 0.4%
Value ($000) $5,240 Shares 210,516 Est. Cost $18.68 Unrealized
CRDO CREDO TECHNOLOGY GROUP HOLDI 0.4%
Value ($000) $4,951 Shares 34,000 Est. Cost $122.39 Unrealized 0.0%
COHR COHERENT CORP 0.4%
Value ($000) $4,847 Shares 45,000 Est. Cost $99.69 Unrealized 0.0%
AXIA CENTRAIS ELETRICAS BR-SP ADR 0.4%
Value ($000) $4,694 Shares 473,209 Est. Cost $7.14 Unrealized
IREN IREN LTD 0.3%
Value ($000) $3,407 Shares 72,600 Est. Cost $24.29 Unrealized 0.0%
MU MICRON TECHNOLOGY INC 0.3%
Value ($000) $3,346 Shares 20,000 Est. Cost $97.89 Unrealized +30.6%
LEU CENTRUS ENERGY CORP 0.3%
Value ($000) $3,287 Shares 10,600 Est. Cost $221.21 Unrealized 0.0%
LUXE LUXEXPERIENCE BV 0.3%
Value ($000) $3,178 Shares 373,910 Est. Cost $8.18 Unrealized
CTLP CANTALOUPE INC 0.3%
Value ($000) $3,156 Shares 298,600 Est. Cost $9.72 Unrealized +12.2%
UUUU ENERGY FUELS INC 0.3%
Value ($000) $3,009 Shares 196,000 Est. Cost $10.62 Unrealized 0.0%
AFYA AFYA LTD-CLASS A 0.2%
Value ($000) $2,895 Shares 185,577 Est. Cost $15.33 Unrealized 0.0%
UEC URANIUM ENERGY 0.2%
Value ($000) $2,868 Shares 215,000 Est. Cost $8.47 Unrealized +18.1%
IBM INTL BUSINESS MACHINES CORP 0.2%
Value ($000) $2,822 Shares 10,000 Est. Cost $259.55 Unrealized 0.0%
CALL- TLT 100 @ 93 EXP 12/19/2025 0.2%
Value ($000) $2,732 Shares 31,765 Est. Cost Unrealized
EQT EQT CORP 0.2%
Value ($000) $2,722 Shares 50,000 Est. Cost $52.61 Unrealized 0.0%
GRND GRINDR INC 0.2%
Value ($000) $2,663 Shares 177,300 Est. Cost $17.54 Unrealized -0.0%
TTWO TAKE TWO 0.2%
Value ($000) $2,584 Shares 10,000 Est. Cost $236.70 Unrealized 0.0%
EWY ISHARES MSCI SOUTH KOREA ETF 0.2%
Value ($000) $2,403 Shares 30,000 Est. Cost $71.78 Unrealized
WDC WESTERN DIGITAL 0.2%
Value ($000) $2,401 Shares 20,000 Est. Cost $81.60 Unrealized 0.0%
EVEX EVE HOLDING INC 0.2%
Value ($000) $2,244 Shares 588,991 Est. Cost $5.32 Unrealized 0.0%
LLY ELI LILLY & CO 0.2%
Value ($000) $2,136 Shares 2,800 Est. Cost $742.24 Unrealized 0.0%
HUT HUT 8 MINING CORP 0.2%
Value ($000) $2,116 Shares 60,800 Est. Cost $25.41 Unrealized 0.0%
NEM NEWMONT CORP 0.2%
Value ($000) $2,108 Shares 25,000 Est. Cost $52.90 Unrealized +31.2%
RKLB ROCKET LAB CORP 0.2%
Value ($000) $2,031 Shares 42,400 Est. Cost $45.36 Unrealized 0.0%
UBER UBER TECHNOLOGIES INC 0.2%
Value ($000) $1,959 Shares 20,000 Est. Cost $71.62 Unrealized +30.6%
JHX JAMES HARDIE IND 0.2%
Value ($000) $1,952 Shares 101,600 Est. Cost $23.95 Unrealized 0.0%
COP CONOCOPHILLIPS COM STK 0.2%
Value ($000) $1,892 Shares 20,000 Est. Cost $93.28 Unrealized 0.0%
XOP STATE STREET SPDR S&P OIL & GA 0.2%
Value ($000) $1,851 Shares 14,000 Est. Cost $132.20 Unrealized
TDG TRANSDIGM GROUP INC 0.2%
Value ($000) $1,845 Shares 1,400 Est. Cost $1283.32 Unrealized +6.3%
IONQ IONQ INC 0.2%
Value ($000) $1,845 Shares 30,000 Est. Cost $47.02 Unrealized 0.0%
GAMB GAMBLING.COM GROUP LTD 0.1%
Value ($000) $1,708 Shares 208,800 Est. Cost $11.79 Unrealized -17.9%
BE BLOOM ENERGY CORP- A 0.1%
Value ($000) $1,691 Shares 20,000 Est. Cost $46.44 Unrealized 0.0%
GIS GENERAL MILLS 0.1%
Value ($000) $1,623 Shares 32,180 Est. Cost $49.46 Unrealized 0.0%
RIOT RIOT PLATFORMS INC 0.1%
Value ($000) $1,599 Shares 84,000 Est. Cost $13.85 Unrealized 0.0%
TSM TAIWAN SEMI ADR 0.1%
Value ($000) $1,564 Shares 5,600 Est. Cost $279.29 Unrealized
CALL- EEM 100 @ 54 EXP 10/17/2025 0.1%
Value ($000) $1,552 Shares 32,000 Est. Cost Unrealized
DASH DOORDASH INC - A 0.1%
Value ($000) $1,523 Shares 5,600 Est. Cost $200.58 Unrealized +25.1%
RGTI RIGETTI COMPUTING INC 0.1%
Value ($000) $1,490 Shares 50,000 Est. Cost $17.53 Unrealized 0.0%
PGY PAGAYA TECHNOLOGIES LTD -A 0.1%
Value ($000) $1,485 Shares 50,000 Est. Cost $32.30 Unrealized 0.0%
DNA GINKGO BIOWORKS HOLDINGS INC 0.1%
Value ($000) $1,458 Shares 100,000 Est. Cost $11.97 Unrealized 0.0%
NKE NIKE INC CL B 0.1%
Value ($000) $1,395 Shares 20,000 Est. Cost $59.08 Unrealized +24.9%
NRG NRG ENERGY INC 0.1%
Value ($000) $1,360 Shares 8,400 Est. Cost $155.26 Unrealized 0.0%
SUZ SUZANO SA 0.1%
Value ($000) $1,356 Shares 144,213 Est. Cost $661.97 Unrealized
PYPL PAYPAL HOLDINGS INC 0.1%
Value ($000) $1,341 Shares 20,000 Est. Cost $70.32 Unrealized 0.0%
CAT CATERPILLAR INC 0.1%
Value ($000) $1,336 Shares 2,800 Est. Cost $425.39 Unrealized 0.0%
DELL DELL TECHNOLOGIES -C 0.1%
Value ($000) $1,276 Shares 9,000 Est. Cost $129.18 Unrealized 0.0%
SNOW SNOWFLAKE INC-CLASS A 0.1%
Value ($000) $1,263 Shares 5,600 Est. Cost $160.80 Unrealized +33.5%
NBIS NEBIUS GROUP NV 0.1%
Value ($000) $1,257 Shares 11,200 Est. Cost $69.43 Unrealized 0.0%
HON HONEYWELL INTERNATIONAL INC 0.1%
Value ($000) $1,179 Shares 5,600 Est. Cost $207.11 Unrealized 0.0%
QUBT QUANTUM COMPUTING INC 0.1%
Value ($000) $1,178 Shares 64,000 Est. Cost $17.16 Unrealized 0.0%
ANET ARISTA NETWORKS 0.1%
Value ($000) $1,166 Shares 8,000 Est. Cost $128.77 Unrealized 0.0%
QBTS D-WAVE QUANTUM INC 0.1%
Value ($000) $1,087 Shares 44,000 Est. Cost $18.22 Unrealized 0.0%
PATH UIPATH INC - CLASS A 0.1%
Value ($000) $1,070 Shares 80,000 Est. Cost $11.82 Unrealized 0.0%
ASPI ASP ISOTOPES INC 0.1%
Value ($000) $1,054 Shares 109,600 Est. Cost $9.22 Unrealized 0.0%
AMD ADVANCED MICRO DEVICES 0.1%
Value ($000) $1,052 Shares 6,500 Est. Cost $161.38 Unrealized 0.0%
ETN EATON CORP PLC 0.1%
Value ($000) $1,048 Shares 2,800 Est. Cost $306.71 Unrealized +18.4%
FXI ISHARE CHINA LARGE CAP ETF 0.1%
Value ($000) $1,044 Shares 25,370 Est. Cost $30.44 Unrealized
BWXT BWX TECHNOLOGIES INC 0.1%
Value ($000) $1,014 Shares 5,500 Est. Cost $160.55 Unrealized 0.0%
ACHR ARCHER AVIATION INC 0.1%
Value ($000) $1,006 Shares 105,000 Est. Cost $9.02 Unrealized +9.7%
PUT - SPY 100 @ 663 EXP 10/10/2025 0.1%
Value ($000) $964 Shares 2,716 Est. Cost Unrealized
CRWV COREWEAVE INC 0.1%
Value ($000) $958 Shares 7,000 Est. Cost $118.31 Unrealized 0.0%
CALL- MRVL 100 @ 81 EXP 10/17/2025 0.1%
Value ($000) $933 Shares 1,700 Est. Cost Unrealized
NYAX NAYAX LTD 0.1%
Value ($000) $910 Shares 19,109 Est. Cost $41.09 Unrealized +13.2%
MTZ MASTEC INC 0.1%
Value ($000) $894 Shares 4,200 Est. Cost $183.12 Unrealized 0.0%
JPM JPMORGAN CHASE & CO 0.1%
Value ($000) $883 Shares 2,800 Est. Cost $295.93 Unrealized 0.0%
SHEL SHELL PLC-ADR 0.1%
Value ($000) $873 Shares 12,198 Est. Cost $71.53 Unrealized
BMNR BITMINE IMMERSION TECHNOLOGIES 0.1%
Value ($000) $872 Shares 16,800 Est. Cost $50.65 Unrealized 0.0%
CVX CHEVRON CORP 0.1%
Value ($000) $870 Shares 5,600 Est. Cost $152.28 Unrealized 0.0%
FIVE FIVE BELOW 0.1%
Value ($000) $866 Shares 5,600 Est. Cost $141.49 Unrealized 0.0%
GGAL GRUPO FINANCIERO GALICIA 0.1%
Value ($000) $827 Shares 30,000 Est. Cost $52.85 Unrealized
BAC BANK OF AMERICA 0.1%
Value ($000) $774 Shares 15,000 Est. Cost $41.45 Unrealized +16.6%
BTDR BITDEER TECHNOLOGIES GROUP-A 0.1%
Value ($000) $718 Shares 42,000 Est. Cost $14.04 Unrealized 0.0%
CIG COMPNHIA ENRG 0.1%
Value ($000) $677 Shares 320,778 Est. Cost $2.12 Unrealized
INDIVIOR PLC 0.1%
Value ($000) $675 Shares 28,000 Est. Cost $24.11 Unrealized
NTAP NETAPP INC 0.1%
Value ($000) $663 Shares 5,600 Est. Cost $110.78 Unrealized 0.0%
ELPC CIA PARANAENSE DE ENER-ADR 0.1%
Value ($000) $636 Shares 70,929 Est. Cost $6.42 Unrealized
CALL- MU 100 @ 180 EXP 12/19/2025 0.0%
Value ($000) $590 Shares 500 Est. Cost Unrealized
JBS JBS NV-A 0.0%
Value ($000) $586 Shares 39,281 Est. Cost $14.58 Unrealized 0.0%
BBBY BED BATH & BEYOND INC 0.0%
Value ($000) $548 Shares 56,000 Est. Cost $9.09 Unrealized 0.0%
CENTRAIS ELEC BRAS-ADR PREF 0.0%
Value ($000) $522 Shares 50,366 Est. Cost $8.19 Unrealized
DBX DROPBOX INC-CLASS A 0.0%
Value ($000) $508 Shares 16,800 Est. Cost $28.60 Unrealized 0.0%
CALL- KWEB 100 @ 44 EXP 10/17/2025 0.0%
Value ($000) $460 Shares 10,000 Est. Cost Unrealized
CALL- UBER 100 @ 110 EXP 11/21/2025 0.0%
Value ($000) $438 Shares 2,000 Est. Cost Unrealized
PUT - QQQ 100 @ 585 EXP 10/17/2025 0.0%
Value ($000) $411 Shares 1,100 Est. Cost Unrealized
CALL- GDXJ 100 @ 100 EXP 11/21/2025 0.0%
Value ($000) $377 Shares 600 Est. Cost Unrealized
SEDG SOLAREDGE TECHNOLOGIES INC 0.0%
Value ($000) $296 Shares 8,000 Est. Cost $29.86 Unrealized 0.0%
CALL- FXI 100 @ 43 EXP 11/21/2025 0.0%
Value ($000) $288 Shares 3,000 Est. Cost Unrealized
CSIQ CANADIAN SOLAR INC 0.0%
Value ($000) $287 Shares 22,000 Est. Cost $11.96 Unrealized 0.0%
SHLS SHOALS TECHNOLOGIES GROUP -A 0.0%
Value ($000) $282 Shares 38,000 Est. Cost $6.15 Unrealized 0.0%
NXT NEXTRACKER INC-CL A 0.0%
Value ($000) $274 Shares 3,700 Est. Cost $64.43 Unrealized 0.0%
RUN SUNRUN INC 0.0%
Value ($000) $268 Shares 15,500 Est. Cost $7.86 Unrealized +70.2%
PUT - TLT 100 @ 89 EXP 12/19/2025 0.0%
Value ($000) $260 Shares 1,179 Est. Cost Unrealized
JKS JINKOSOLAR HOLDING CO-ADR 0.0%
Value ($000) $252 Shares 10,500 Est. Cost $24.03 Unrealized
ARRY ARRAY TECHNOLOGIES INC 0.0%
Value ($000) $220 Shares 27,000 Est. Cost $7.57 Unrealized 0.0%
GRO BRAZIL POTASH CORP 0.0%
Value ($000) $201 Shares 74,572 Est. Cost $4.07 Unrealized -52.9%
ORBS EIGHTCO HOLDINGS INC 0.0%
Value ($000) $154 Shares 16,800 Est. Cost $5.47 Unrealized 0.0%
CALL- FSLR 100 @ 240 EXP 11/21/2025 0.0%
Value ($000) $121 Shares 100 Est. Cost Unrealized
CALL- DDOG 100 @ 150 EXP 10/17/2025 0.0%
Value ($000) $117 Shares 500 Est. Cost Unrealized
CALL- EEM 100 @ 54 EXP 11/21/2025 0.0%
Value ($000) $111 Shares 1,000 Est. Cost Unrealized
CALL- NVDA 100 @ 180 EXP 10/17/2025 0.0%
Value ($000) $102 Shares 100 Est. Cost Unrealized
CALL- FSLR 100 @ 250 EXP 11/21/2025 0.0%
Value ($000) $92 Shares 100 Est. Cost Unrealized
CALL- CROX 100 @ 90 EXP 10/24/2025 0.0%
Value ($000) $90 Shares 400 Est. Cost Unrealized
UGP ULTRAPAR PARTICIPACOES 0.0%
Value ($000) $88 Shares 21,469 Est. Cost $4.10 Unrealized
CALL- HUT 100 @ 45 EXP 12/19/2025 0.0%
Value ($000) $70 Shares 200 Est. Cost Unrealized
AMBWQ AMBIPAR EMERGENCY RESPONS-28 0.0%
Value ($000) $67 Shares 1,592,965 Est. Cost $0.49 Unrealized
CALL- META 100 @ 780 EXP 10/17/2025 0.0%
Value ($000) $44 Shares 100 Est. Cost Unrealized
PUT - QQQ 100 @ 570 EXP 10/17/2025 0.0%
Value ($000) $38 Shares 200 Est. Cost Unrealized
CALL- IWM 100 @ 242 EXP 10/03/2025 0.0%
Value ($000) $36 Shares 200 Est. Cost Unrealized
PUT - QQQ 100 @ 565 EXP 10/17/2025 0.0%
Value ($000) $31 Shares 200 Est. Cost Unrealized
CALL- META 100 @ 800 EXP 10/17/2025 0.0%
Value ($000) $30 Shares 140 Est. Cost Unrealized
CALL- AMZN 100 @ 250 EXP 10/17/2025 0.0%
Value ($000) $27 Shares 1,000 Est. Cost Unrealized
PUT - SPY 100 @ 620 EXP 10/17/2025 0.0%
Value ($000) $23 Shares 300 Est. Cost Unrealized
PUT - XLU 100 @ 83.5 EXP 10/17/2025 0.0%
Value ($000) $22 Shares 1,000 Est. Cost Unrealized
PUT - HYG 100 @ 80.5 EXP 10/17/2025 0.0%
Value ($000) $19 Shares 1,000 Est. Cost Unrealized
CALL- XHB 100 @ 130 EXP 11/21/2025 0.0%
Value ($000) $13 Shares 500 Est. Cost Unrealized
PUT - INTC 100 @ 27 EXP 10/17/2025 0.0%
Value ($000) $12 Shares 1,000 Est. Cost Unrealized
VSTA VASTA PLATFORM LTD 0.0%
Value ($000) $8 Shares 1,550 Est. Cost $4.37 Unrealized 0.0%
AMBIQ AMBIPAR EMERGENCY RESPONSE 0.0%
Value ($000) $5 Shares 6,642 Est. Cost $8.46 Unrealized -47.2%
WALDW WALDENCAST ACQ CL A -CW27 0.0%
Value ($000) $0 Shares 1,988 Est. Cost $0.50 Unrealized