BB
Banco BTG Pactual S.A. 13F Filing (Q2 2026) — Top Positions & Stock Picks
Banco BTG Pactual S.A.CIK: 0001536080
Diversified strategyMomentum followerHigh-turnover trader
Total reported value
$1.2B
Reporting period: 2026-06-30 · Number of holdings: 194
Banco BTG Pactual S.A. disclosed 194 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $1.2B and a quarterly turnover rate of 69.9%.
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Personality snowflake
- Concentration
- 18.27
- Portfolio Stability
- 69.92
- Momentum
- 100
- Sector conviction
- 68.71
- Diversification
- 100
- Sizing Uniformity
- 75.55
Banco BTG Pactual S.A.'s disclosed holdings carry a Herfindahl concentration index of 0.046 — mathematically equivalent to about 22 equally-sized positions, well below its 194 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 2.45), 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 29% 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.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim EWZ
-12.7% -$48.5M
Trim IWM
-55.6% -$41.2M
New buy QQQ
Add EC
+1477.3% $39.0M
New buy META
Trim TSM
-99.2% -$30.5M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 152 holdings (of 194 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | EWZ | Ishares Msci Brazil ETF | ETF-Other | 14.87% | -4.77% | -12.73% | |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 7.56% | +1.88% | +20.00% | |
| 3 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-High Yield | 5.07% | +0.11% | +5.39% | |
| 4 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 4.11% | +0.98% | +18.29% | |
| 5 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 4.06% | -3.74% | -55.56% | |
| 6 | EWW | Ishares Msci Mexico ETF | ETF-Other | 3.88% | +0.52% | +19.56% | |
| 7 | TSLA | Tesla Inc | Stock-Consumer Disc | 3.59% | +1.12% | +32.85% | |
| 8 | EC | Ecopetrol Sa-sponsored Adr | Stock-Other | 3.52% | +3.28% | +1477.27% | |
| 9 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 3.39% | +3.39% | NEW | |
| 10 | META | Meta Platforms Inc-class A | Stock-Comm Services | 3.08% | +3.08% | NEW | |
| 11 | NVDA | Nvidia CORP | Stock-Tech | 2.53% | -0.64% | -28.02% | |
| 12 | ✓ | Stock-Other | 2.33% | +2.33% | NEW | ||
| 13 | INTC | Intel CORP | Stock-Tech | 2.30% | +2.30% | NEW | |
| 14 | AVGO | Broadcom Inc | Stock-Tech | 2.24% | -2.65% | -61.06% | |
| 15 | CIB | Grupo Cibest Sa-adr | Stock-Other | 2.18% | +1.65% | +291.67% | |
| 16 | XLP | Ss Consumer Staples Sel Sect | ETF-Other | 2.00% | -1.22% | -36.50% | |
| 17 | XLE | Ss Energy Select Sector | ETF-Other | 1.93% | +0.56% | +68.77% | |
| 18 | MSFT | Microsoft CORP | Stock-Tech | 1.61% | +0.01% | +2.88% | |
| 19 | YPF | Ypf S.a.-sponsored Adr | Stock-Other | 1.56% | +1.56% | NEW | |
| 20 | JAAA | Janus Henderson Aaa Clo ETF | ETF-Other | 1.46% | -0.43% | -20.17% | |
| 21 | RIO | Rio Tinto Plc-spon Adr | Stock-Materials | 1.37% | +1.32% | +2839.84% | |
| 22 | WMT | Walmart Inc | Stock-Consumer Staples | 1.23% | +0.33% | +54.82% | |
| 23 | AAPL | Apple Inc | Stock-Tech | 1.15% | +1.01% | +655.21% | |
| 24 | CPA | Copa Holdings, S.A. | Stock-Other | 1.12% | +0.28% | — | |
| 25 | SMH | Vaneck Semiconductor ETF | ETF-Other | 1.09% | +0.26% | -20.06% | |
| 26 | NU | Nu Holdings Ltd. | Stock-Financials | 1.06% | -2.09% | -62.55% | |
| 27 | JBBB | Janus Henderson B-bbb Clo Et | ETF-Other | 1.06% | +0.18% | +22.67% | |
| 28 | KRE | Ss Spdr S&p Regional Bank | ETF-Other | 0.95% | +0.10% | — | |
| 29 | XRT | Ss Spdr S&p Retail ETF | ETF-Other | 0.90% | -0.15% | -18.67% | |
| 30 | IGV | Ishares Expanded Tech-softwa | ETF-Tech | 0.86% | +0.86% | NEW | |
| 31 | GEV | GE Vernova Inc | Stock-Industrials | 0.71% | -1.88% | -78.94% | |
| 32 | CDNS | Cadence Design Sys Inc | Stock-Tech | 0.64% | +0.64% | NEW | |
| 33 | BN | Brookfield CORP | Stock-Financials | 0.57% | +0.01% | +0.07% | |
| 34 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 0.49% | +0.49% | NEW | |
| 35 | QCOM | Qualcomm Inc | Stock-Tech | 0.47% | +0.47% | NEW | |
| 36 | FCX | Freeport-mcmoran Inc | Stock-Materials | 0.45% | +0.45% | NEW | |
| 37 | ENIC | Enel Chile Sa-adr | Stock-Other | 0.43% | +0.32% | +260.34% | |
| 38 | AUGO | Aura Minerals Inc. | Stock-Other | 0.41% | -0.14% | — | |
| 39 | ECH | Ishares Msci Chile ETF | ETF-Other | 0.40% | -0.07% | -11.19% | |
| 40 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.37% | -1.40% | -81.30% | |
| 41 | AMD | Advanced Micro Devices | Stock-Tech | 0.36% | +0.08% | -52.98% | |
| 42 | UBER | Uber Technologies Inc | Stock-Industrials | 0.34% | -0.47% | -56.71% | |
| 43 | EWY | Ishares Msci South Korea ETF | ETF-Other | 0.34% | -0.06% | -46.68% | |
| 44 | STX | Seagate Technology Holdings plc | Stock-Tech | 0.33% | +0.24% | +60.00% | |
| 45 | ✓ | Stock-Other | 0.29% | +0.29% | NEW | ||
| 46 | IBIT | Ishares Bitcoin Trust ETF | ETF-Crypto | 0.28% | -1.79% | -83.60% | |
| 47 | KKR | Kkr & Co Inc | Stock-Financials | 0.28% | +0.25% | +1037.43% | |
| 48 | TMUS | T-mobile US Inc | Stock-Comm Services | 0.28% | +0.28% | NEW | |
| 49 | MAGS | Roundhill Magnificent Seven | ETF-Other | 0.27% | +0.27% | NEW | |
| 50 | VXUS | Vanguard Total Intl Stock | ETF-Other | 0.26% | +0.01% | — |
1–50 of 152
Portfolio Performance
Performance for Q3 2026
-0.3%
Performance Last 4 Quarters
+22.4%
- Stdev
- +14.2%
- Beta
- +0.94
- Alpha
- +0.2%
- Max Drawdown
- -8.5%
- Annualized Perf
- +19.6%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +2.9
- Stutzer
- +0.4
- Treynor
- +0.2
- Sterling
- +1.17
- Calmar
- +2.3
- Information Ratio
- -0.14
- Tracking Error
- +7.4%
- Stdev Down
- +6.5%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +44.9%
- Worst 12 Months
- +3.9%
- Efficiency Ratio
- +0.58
- Sharpe
- +1.34
- Stdev Sectors
- +11.2%
- Skewness
- +0.37
- Kurtosis
- -0.13
- Upside Potential
- +4.58
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 194 | $1.2B | 70 | ||
| 2026 Q1 | 185 | $1.1B | 100 | ||
| 2025 Q4 | 163 | $585.1M | 87 | ||
| 2025 Q3 | 155 | $684.9M | 100 | ||
| 2025 Q2 | 154 | $491.5M | 0 | ||
| 2025 Q1 | 187 | $404.9M | 100 | ||
| 2024 Q4 | 168 | $429.6M | 0 | ||
| 2024 Q3 | 158 | $388.6M | 0 | ||
| 2024 Q2 | 159 | $640.8M | 0 | ||
| 2024 Q1 | 180 | $592.3M | 0 | ||
| 2023 Q4 | 133 | $801.1M | 0 | ||
| 2023 Q3 | 122 | $415.9M | 0 | ||
| 2023 Q2 | 113 | $259.4M | 0 | ||
| 2023 Q1 | 109 | $270.1M | 0 | ||
| 2022 Q4 | 161 | $174.7M | 0 | ||
| 2022 Q3 | 96 | $180.3M | 0 | ||
| 2022 Q2 | 96 | $154.2M | 0 | ||
| 2022 Q1 | 125 | $290.9M | 0 | ||
| 2021 Q4 | 49 | $133.1M | 0 | ||
| 2021 Q3 | 106 | $252.9M | 0 | ||
| 2021 Q2 | 94 | $151.6M | 100 | ||
| 2021 Q1 | 109 | $294.8M | 100 | ||
| 2020 Q4 | 65 | $247.7M | 100 | ||
| 2020 Q3 | 62 | $95.9M | 100 | ||
| 2020 Q2 | 57 | $242.0M | 100 | ||
| 2020 Q1 | 83 | $96.4M | 100 | ||
| 2019 Q4 | 65 | $236.5M | 100 | ||
| 2019 Q3 | 69 | $260.7M | 100 | ||
| 2019 Q2 | 63 | $229.5M | 100 | ||
| 2019 Q1 | 58 | $347.7M | 100 | ||
| 2018 Q4 | 52 | $134.9M | 100 | ||
| 2018 Q3 | 45 | $117.2M | 60 | ||
| 2018 Q2 | 51 | $167.4M | 100 | ||
| 2018 Q1 | 61 | $334.6M | 100 | ||
| 2017 Q4 | 55 | $179.1M | 92 | ||
| 2017 Q3 | 74 | $243.8M | 100 | ||
| 2017 Q2 | 61 | $287.3M | 100 | ||
| 2017 Q1 | 108 | $304.2M | 100 | ||
| 2016 Q4 | 75 | $191.5M | 100 | ||
| 2016 Q3 | 44 | $212.4M | 100 | ||
| 2016 Q2 | 38 | $93.6M | 100 | ||
| 2016 Q1 | 55 | $114.3M | — |
Holding changes this quarter
Banco BTG Pactual S.A.'s most significant position changes for 2026-06-30: New buy: Invesco Qqq Trust Series 1 (QQQ); New buy: Meta Platforms Inc-class A (META); New buy: ; New buy: Intel CORP (INTC); New buy: Ypf S.a.-sponsored Adr (YPF).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | QQQ | Invesco Qqq Trust Series 1 | +3.4% | NEW | New buy |
| 2 | EC | Ecopetrol Sa-sponsored Adr | +3.3% | +1477.27% | Add |
| 3 | META | Meta Platforms Inc-class A | +3.1% | NEW | New buy |
| 4 | ✓ | +2.3% | NEW | New buy | |
| 5 | INTC | Intel CORP | +2.3% | NEW | New buy |
| 6 | SPY | Ss Spdr S&p 500 ETF Trust-us | +1.9% | +20.00% | Add |
| 7 | CIB | Grupo Cibest Sa-adr | +1.7% | +291.67% | Add |
| 8 | YPF | Ypf S.a.-sponsored Adr | +1.6% | NEW | New buy |
| 9 | RIO | Rio Tinto Plc-spon Adr | +1.3% | +2839.84% | Add |
| 10 | TSLA | Tesla Inc | +1.1% | +32.85% | Add |
| 11 | AAPL | Apple Inc | +1% | +655.21% | Add |
| 12 | VOO | Vanguard S&p 500 ETF | +1% | +18.29% | Add |
| 13 | IGV | Ishares Expanded Tech-softwa | +0.9% | NEW | New buy |
| 14 | CDNS | Cadence Design Sys Inc | +0.6% | NEW | New buy |
| 15 | XLE | Ss Energy Select Sector | +0.6% | +68.77% | Add |
| 16 | EWW | Ishares Msci Mexico ETF | +0.5% | +19.56% | Add |
| 17 | BABA | Alibaba Group Holding-sp Adr | +0.5% | NEW | New buy |
| 18 | QCOM | Qualcomm Inc | +0.5% | NEW | New buy |
| 19 | FCX | Freeport-mcmoran Inc | +0.5% | NEW | New buy |
| 20 | WMT | Walmart Inc | +0.3% | +54.82% | Add |
| 21 | ENIC | Enel Chile Sa-adr | +0.3% | +260.34% | Add |
| 22 | ✓ | +0.3% | NEW | New buy | |
| 23 | CPA | Copa Holdings, S.A. | +0.3% | — | Unchanged |
| 24 | TMUS | T-mobile US Inc | +0.3% | NEW | New buy |
| 25 | MAGS | Roundhill Magnificent Seven | +0.3% | NEW | New buy |
| 26 | SMH | Vaneck Semiconductor ETF | +0.3% | -20.06% | Trim |
| 27 | CBRE | Cbre Group Inc - A | +0.3% | NEW | New buy |
| 28 | KKR | Kkr & Co Inc | +0.3% | +1037.43% | Add |
| 29 | GDX | Vaneck Gold Miners ETF | +0.3% | NEW | New buy |
| 30 | STX | Seagate Technology Holdings plc | +0.2% | +60.00% | Add |
| 31 | ✓ | Inter & Co Inc | +0.2% | NEW | New buy |
| 32 | JBBB | Janus Henderson B-bbb Clo Et | +0.2% | +22.67% | Add |
| 33 | LH | Labcorp Holdings Inc | +0.2% | NEW | New buy |
| 34 | CEPU | Central Puerto-sponsored Adr | +0.2% | NEW | New buy |
| 35 | COLO | Global X Msci Colombia ETF | +0.2% | NEW | New buy |
| 36 | GGAL | Grupo Financiero Galicia-adr | +0.2% | +668.97% | Add |
| 37 | XPEV | XPeng Inc. | +0.1% | NEW | New buy |
| 38 | FIX | Comfort Systems USA Inc | +0.1% | NEW | New buy |
| 39 | REMX | Vaneck Rar Earth Nd Stg-usdi | +0.1% | NEW | New buy |
| 40 | SRE | Sempra | +0.1% | NEW | New buy |
| 41 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | +0.1% | +5.39% | Add |
| 42 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | +0.1% | +447.31% | Add |
| 43 | KRE | Ss Spdr S&p Regional Bank | +0.1% | — | Unchanged |
| 44 | OUNZ | Vaneck Merk Gold ETF | +0.1% | +136.71% | Add |
| 45 | ORLY | O'reilly Automotive Inc | +0.1% | NEW | New buy |
| 46 | MCK | Mckesson CORP | +0.1% | NEW | New buy |
| 47 | QQQI | Neos Nasdaq-100 High Inc ETF | +0.1% | +53.20% | Add |
| 48 | NLR | Vaneck Urani & Nuclr Etf-usd | +0.1% | +335.55% | Add |
| 49 | PLTR | Palantir Technologies Inc-a | +0.1% | NEW | New buy |
| 50 | AMD | Advanced Micro Devices | +0.1% | -52.98% | Trim |
1–50 of 188
Filing History
FAQ
What is Banco BTG Pactual S.A. and what type of investor is it?
Banco BTG Pactual S.A. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $1.2B, spread across 194 disclosed positions.
What are Banco BTG Pactual S.A.'s largest equity positions?
Based on the latest 13F filing, Banco BTG Pactual S.A.'s top holdings by market value are:
1. Ishares Msci Brazil ETF (EWZ) — $176.2M (14.9%)
2. Ss Spdr S&p 500 ETF Trust-us (SPY) — $89.6M (7.6%)
3. Ishr Ibx Usd Hiyld Cb Etf-ui (HYG) — $60.1M (5.1%)
4. Vanguard S&p 500 ETF (VOO) — $48.7M (4.1%)
5. Ishares Russell 2000 ETF (IWM) — $48.1M (4.1%)
What changes did Banco BTG Pactual S.A. make in its most recent portfolio filing?
In the latest reported quarter, Banco BTG Pactual S.A. made 177 notable position adjustments: 61 new positions were initiated, 36 existing holdings were added to, 44 positions were partially reduced, and 36 were completely exited. The largest of these moves: New buy: Invesco Qqq Trust Series 1 (QQQ); New buy: Meta Platforms Inc-class A (META); New buy: ; New buy: Intel CORP (INTC); New buy: Ypf S.a.-sponsored Adr (YPF)
What sectors does Banco BTG Pactual S.A. focus on?
Banco BTG Pactual S.A. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 41.2%
• Consumer Discretionary: 16.7%
• Communication Services: 12.1%
• Financials: 8.3%
• Materials: 7.2%
• Consumer Staples: 4.7%
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Investment Profile
Banco BTG Pactual S.A. returned an annualized 19.6% over the trailing 36 months — outperforming the S&P 500 by 0.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.94 (roughly in line with the market) and a 47% quarterly batting average against the index.
Its portfolio is broadly diversified and fast-trading, with 41.2% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 70 over the past 4 quarters — a shift toward more active trading.
It has added to its SPY position over the past two quarters (+$89.3M, now $89.6M), while trimming TSM over the same stretch (-$33.1M, still holding $339.6K).
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Developer Access
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