SELECT SECTOR SPDR TR

Ticker: XLU CUSIP: 81369Y886 Class: SBI INT-UTILS

BW Gestao de Investimentos Ltda.'s Holding History (CIK: 0001568280)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025
Shares 1,150,000 Value ($000) $49,094 Avg Close — Range —
Q2 2024
Shares 200,640 Value ($000) $13,672 Avg Close — Range —
Q4 2023
Shares 1,244,935 Value ($000) $78,842 Avg Close — Range —
Q3 2023
Shares 1,414,840 Value ($000) $83,377 Avg Close — Range —
Q1 2023
Shares 160,000 Value ($000) $10,830 Avg Close — Range —
Q4 2022
Shares 160,000 Value ($000) $11 Avg Close — Range —