CIK: 0001536080
Total reported value
$1.1B
Reporting period: 2026-03-31 · Number of holdings: 185
Banco BTG Pactual S.A. disclosed 185 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $1.1B and a quarterly turnover rate of 151.6%.
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Banco BTG Pactual S.A.'s disclosed holdings carry a Herfindahl concentration index of 0.063 — mathematically equivalent to about 16 equally-sized positions, well below its 185 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.65), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 35% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Add EWZ
+2766.6% $210.6M
Trim NVDA
-26.1% -$16.2M
Add SPY
+22422.5% $64.7M
Trim MSFT
-36.4% -$19.4M
Trim AMZN
-32.3% -$12.9M
Add AVGO
+406.2% $43.6M
Showing top 127 holdings (of 185 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | EWZ | Ishares Msci Brazil ETF | ETF-Other | 19.64% | +17.22% | +2766.56% | |
| 2 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 7.80% | +7.80% | NEW | |
| 3 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 5.68% | +5.63% | +22422.52% | |
| 4 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-High Yield | 4.96% | +4.96% | NEW | |
| 5 | AVGO | Broadcom INC | Stock-Tech | 4.89% | +2.78% | +406.24% | |
| 6 | EWW | Ishares Msci Mexico ETF | ETF-Other | 3.36% | +3.36% | NEW | |
| 7 | XLP | Ss Consumer Staples Sel Sect | ETF-Other | 3.22% | +3.22% | NEW | |
| 8 | NVDA | Nvidia CORP | Stock-Tech | 3.17% | -5.81% | -26.08% | |
| 9 | NU | Nu Holdings Ltd. | Stock-Financials | 3.15% | +0.37% | +158.43% | |
| 10 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 3.13% | +3.13% | NEW | |
| 11 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 2.70% | — | -17.10% | |
| 12 | GEV | GE Vernova INC | Stock-Industrials | 2.59% | +1.81% | +385.71% | |
| 13 | TSLA | Tesla INC | Stock-Consumer Disc | 2.47% | +2.47% | NEW | |
| 14 | IBIT | Ishares Bitcoin Trust ETF | ETF-Crypto | 2.07% | +1.81% | +1936.26% | |
| 15 | JAAA | Janus Henderson Aaa Clo ETF | ETF-Other | 1.89% | +1.89% | NEW | |
| 16 | AMZN | Amazon.com INC | Stock-Consumer Disc | 1.77% | -3.91% | -32.30% | |
| 17 | MSFT | Microsoft CORP | Stock-Tech | 1.60% | -4.85% | -36.42% | |
| 18 | XLE | Ss Energy Select Sector | ETF-Other | 1.37% | +1.37% | NEW | |
| 19 | XRT | Ss Spdr S&p Retail ETF | ETF-Other | 1.05% | +1.05% | NEW | |
| 20 | WMT | Walmart INC | Stock-Consumer Staples | 0.90% | +0.90% | NEW | |
| 21 | JBBB | Janus Henderson B-bbb Clo Et | ETF-Other | 0.88% | +0.88% | NEW | |
| 22 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.86% | -2.18% | -39.05% | |
| 23 | ASHR | Xtrackers Harvest Csi 300 Ch | ETF-Other | 0.86% | — | -14.29% | |
| 24 | KRE | Ss Spdr S&p Regional Bank | ETF-Other | 0.85% | +0.85% | NEW | |
| 25 | CPA | Copa Holdings, S.A. | Stock-Other | 0.84% | +0.63% | +742.42% | |
| 26 | SMH | Vaneck Semiconductor ETF | ETF-Other | 0.82% | +0.48% | +2352.90% | |
| 27 | UBER | Uber Technologies INC | Stock-Industrials | 0.81% | — | +75.40% | |
| 28 | CI | THE Cigna Group | Stock-Healthcare | 0.74% | +0.74% | NEW | |
| 29 | BN | Brookfield CORP | Stock-Financials | 0.56% | — | +331.93% | |
| 30 | AUGO | Aura Minerals Inc. | Stock-Other | 0.55% | +0.49% | +1045.58% | |
| 31 | CIB | Grupo Cibest Sa-adr | Stock-Other | 0.53% | +0.53% | NEW | |
| 32 | WELL | Welltower INC | Stock-Real Estate | 0.51% | +0.51% | NEW | |
| 33 | BND | Vanguard Total Bond Market | ETF-Other | 0.48% | +0.48% | NEW | |
| 34 | MPWR | Monolithic Power Systems INC | Stock-Tech | 0.47% | +0.47% | NEW | |
| 35 | ECH | Ishares Msci Chile ETF | ETF-Other | 0.47% | +0.47% | NEW | |
| 36 | NEM | Newmont CORP | Stock-Materials | 0.45% | +0.45% | NEW | |
| 37 | EWY | Ishares Msci South Korea ETF | ETF-Other | 0.40% | — | — | |
| 38 | WYNN | Wynn Resorts LTD | Stock-Consumer Disc | 0.40% | — | — | |
| 39 | EXE | Expand Energy CORP | Stock-Energy | 0.38% | — | — | |
| 40 | V | Visa Inc-class A Shares | Stock-Financials | 0.38% | -1.42% | -52.76% | |
| 41 | TRGP | Targa Resources CORP | Stock-Energy | 0.37% | — | — | |
| 42 | DKNG | Draftkings Inc-cl A | Stock-Consumer Disc | 0.36% | — | +171.43% | |
| 43 | MA | Mastercard INC - A | Stock-Financials | 0.34% | — | -27.13% | |
| 44 | NXPI | NXP Semiconductors N.V. | Stock-Tech | 0.34% | — | — | |
| 45 | FXI | Ishares China Large-cap ETF | ETF-Emerging Markets | 0.31% | — | +328.16% | |
| 46 | NUE | Nucor CORP | Stock-Materials | 0.31% | — | — | |
| 47 | JBS | Jbs N.v. | Stock-Other | 0.30% | — | — | |
| 48 | AMD | Advanced Micro Devices | Stock-Tech | 0.28% | — | — | |
| 49 | VT | Vanguard Tot World Stk ETF | ETF-Other | 0.25% | — | — | |
| 50 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.25% | — | — |
Performance for Q3 2026
+0.5%
Performance Last 4 Quarters
+20.9%
Based on 89% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 185 | $1.1B | 100 | |
| 2025-12-31 | 163 | $585.1M | 87 | |
| 2025-09-30 | 155 | $684.9M | 100 | |
| 2025-06-30 | 154 | $491.5M | 0 | |
| 2025-03-31 | 187 | $404.9M | 100 | |
| 2024-12-31 | 168 | $429.6M | 0 | |
| 2024-09-30 | 158 | $388.6M | 0 | |
| 2024-06-30 | 159 | $640.8M | 0 | |
| 2024-03-31 | 180 | $592.3M | 0 | |
| 2023-12-31 | 133 | $801.1M | 0 | |
| 2023-09-30 | 122 | $415.9M | 0 | |
| 2023-06-30 | 113 | $259.4M | 0 | |
| 2023-03-31 | 109 | $270.1M | 0 | |
| 2022-12-31 | 161 | $174.7M | 0 | |
| 2022-09-30 | 96 | $180.3M | 0 | |
| 2022-06-30 | 96 | $154.2M | 0 | |
| 2022-03-31 | 125 | $290.9M | 0 | |
| 2021-12-31 | 49 | $133.1M | 0 | |
| 2021-09-30 | 106 | $252.9M | 0 | |
| 2021-06-30 | 94 | $151.6M | 100 | |
| 2021-03-31 | 109 | $294.8M | 100 | |
| 2020-12-31 | 65 | $247.7M | 100 | |
| 2020-09-30 | 62 | $95.9M | 100 | |
| 2020-06-30 | 57 | $242.0M | 100 | |
| 2020-03-31 | 83 | $96.4M | 100 | |
| 2019-12-31 | 65 | $236.5M | 100 | |
| 2019-09-30 | 69 | $260.7M | 100 | |
| 2019-06-30 | 63 | $229.5M | 100 | |
| 2019-03-31 | 58 | $347.7M | 100 | |
| 2018-12-31 | 52 | $134.9M | 100 | |
| 2018-09-30 | 45 | $117.2M | 60 | |
| 2018-06-30 | 51 | $167.4M | 100 | |
| 2018-03-31 | 61 | $334.6M | 100 | |
| 2017-12-31 | 55 | $179.1M | 92 | |
| 2017-09-30 | 74 | $243.8M | 100 | |
| 2017-06-30 | 61 | $287.3M | 100 | |
| 2017-03-31 | 108 | $304.2M | 100 | |
| 2016-12-31 | 75 | $191.5M | 100 | |
| 2016-09-30 | 44 | $212.4M | 100 | |
| 2016-06-30 | 38 | $93.6M | 100 | |
| 2016-03-31 | 55 | $114.3M | — |
Banco BTG Pactual S.A.'s most significant position changes for 2026-03-31: New buy: Ishares Russell 2000 ETF (IWM); New buy: Ishr Ibx Usd Hiyld Cb Etf-ui (HYG); Sold out: Meta Platforms Inc-class A (META); New buy: Ishares Msci Mexico ETF (EWW); New buy: Ss Consumer Staples Sel Sect (XLP).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | EWZ | Ishares Msci Brazil ETF | +17.2% | +2766.56% | Add |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | +5.6% | +22422.52% | Add |
| 3 | AVGO | Broadcom INC | +2.8% | +406.24% | Add |
| 4 | GEV | GE Vernova INC | +1.8% | +385.71% | Add |
| 5 | IBIT | Ishares Bitcoin Trust ETF | +1.8% | +1936.26% | Add |
| 6 | CPA | Copa Holdings, S.A. | +0.6% | +742.42% | Add |
| 7 | AUGO | Aura Minerals Inc. | +0.5% | +1045.58% | Add |
| 8 | SMH | Vaneck Semiconductor ETF | +0.5% | +2352.90% | Add |
| 9 | NU | Nu Holdings Ltd. | +0.4% | +158.43% | Add |
| 10 | PDD | Pdd Holdings INC | -1.3% | -97.09% | Trim |
| 11 | LTM | Latam Airlines Group Sa-adr | -1.3% | -83.89% | Trim |
| 12 | V | Visa Inc-class A Shares | -1.4% | -52.76% | Trim |
| 13 | GOOG | Alphabet Inc-cl C | -2.2% | -39.05% | Trim |
| 14 | AMZN | Amazon.com INC | -3.9% | -32.30% | Trim |
| 15 | MSFT | Microsoft CORP | -4.9% | -36.42% | Trim |
| 16 | NVDA | Nvidia CORP | -5.8% | -26.08% | Trim |
| 17 | IWM | Ishares Russell 2000 ETF | — | NEW | New buy |
| 18 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | — | NEW | New buy |
| 19 | META | Meta Platforms Inc-class A | — | EXIT | Sold out |
| 20 | EWW | Ishares Msci Mexico ETF | — | NEW | New buy |
| 21 | XLP | Ss Consumer Staples Sel Sect | — | NEW | New buy |
| 22 | VOO | Vanguard S&p 500 ETF | — | NEW | New buy |
| 23 | TSLA | Tesla INC | — | NEW | New buy |
| 24 | JAAA | Janus Henderson Aaa Clo ETF | — | NEW | New buy |
| 25 | XLE | Ss Energy Select Sector | — | NEW | New buy |
| 26 | BABA | Alibaba Group Holding-sp Adr | — | EXIT | Sold out |
| 27 | GOOGL | Alphabet Inc-cl A | — | EXIT | Sold out |
| 28 | BKNG | Booking Holdings INC | — | EXIT | Sold out |
| 29 | XRT | Ss Spdr S&p Retail ETF | — | NEW | New buy |
| 30 | FLUT | Flutter Entertainment plc | — | EXIT | Sold out |
| 31 | WMT | Walmart INC | — | NEW | New buy |
| 32 | JBBB | Janus Henderson B-bbb Clo Et | — | NEW | New buy |
| 33 | KRE | Ss Spdr S&p Regional Bank | — | NEW | New buy |
| 34 | AIQ | Global X Art Intel & Tech | — | EXIT | Sold out |
| 35 | GLD | Spdr Gold Shares | — | EXIT | Sold out |
| 36 | CI | THE Cigna Group | — | NEW | New buy |
| 37 | PAM | Pampa Energia Sa-spon Adr | — | EXIT | Sold out |
| 38 | ADBE | Adobe INC | — | EXIT | Sold out |
| 39 | GLOB | Globant S.A. | — | EXIT | Sold out |
| 40 | NKE | Nike INC -cl B | — | EXIT | Sold out |
| 41 | URA | Global X Uranium ETF | — | EXIT | Sold out |
| 42 | CIB | Grupo Cibest Sa-adr | — | NEW | New buy |
| 43 | SPLV | Invesco S&p 500 Low Volatili | — | EXIT | Sold out |
| 44 | WELL | Welltower INC | — | NEW | New buy |
| 45 | BND | Vanguard Total Bond Market | — | NEW | New buy |
| 46 | KBWB | Invesco Kbw Bank ETF | — | EXIT | Sold out |
| 47 | MPWR | Monolithic Power Systems INC | — | NEW | New buy |
| 48 | ECH | Ishares Msci Chile ETF | — | NEW | New buy |
| 49 | BRK-B | Berkshire Hathaway Inc-cl B | — | EXIT | Sold out |
| 50 | NEM | Newmont CORP | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-13 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-12 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-13 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-14 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-14 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-12 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-07 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-14 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-09 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-12 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-14 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-28 | Amendment | View on EDGAR |
| 2023-06-30 | 2023-08-28 | Amendment | View on EDGAR |
| 2023-06-30 | 2023-08-14 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-10 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-08 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-14 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-12 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-12 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-05-12 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-15 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-16 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-17 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-16 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-16 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-13 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-13 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-14 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-14 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-14 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-14 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-14 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-14 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-14 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-11 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-09 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-14 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-17 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-12 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-14 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-14 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-05 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-13 | 13F-HR | View on EDGAR |
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