BTG Pactual Asset Management US LLC — Q4 2025 13F Holdings

Name: BTG Pactual Asset Management US LLC — 13F Holdings, Q4 2025
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0001569579

Total reported value

$1.2B

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Full holdings list this quarter

Showing top 200 holdings (of 227 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	14.68%	-12.55%	-88.62%
2	IWF	Ishares Russell 1000 Growth	ETF-Other	7.38%	—	-13.24%
3	HYG	Ishr Ibx Usd Hiyld Cb Etf-ui	ETF-High Yield	6.35%	-6.29%	+9777.90%
4	MGK	Vanguard Mega Cap Growth ETF	ETF-Other	3.34%	—	-0.47%
5	MGV	Vanguard Mega Cap Value ETF	ETF-Other	2.48%	+0.21%	-4.57%
6	GOOG	Alphabet Inc-cl C	Stock-Comm Services	2.42%	—	-12.18%
7	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	2.35%	—	+62.06%
8	VGK	Vanguard Ftse Europe ETF	ETF-Other	2.29%	—	-0.49%
9	AMZN	Amazon.com INC	Stock-Consumer Disc	2.24%	—	+11.90%
10	XLV	Ss Health Care Select Sector	ETF-Other	2.04%	-0.88%	+32.29%
11	META	Meta Platforms Inc-class A	Stock-Comm Services	1.99%	-1.01%	+87.09%
12	NVDA	Nvidia CORP	Stock-Tech	1.95%	+0.29%	-19.34%
13	JPM	Jpmorgan Chase & Co	Stock-Financials	1.75%	—	-12.08%
14	GLD	Spdr Gold Shares	ETF-Commodities	1.74%	—	-4.12%
15	TSM	Taiwan Semiconductor-sp Adr	Stock-Tech	1.52%	—	+87.74%
16	OGE	Oge Energy CORP	Stock-Utilities	1.41%	-0.91%	+120.37%
17	XEL	Xcel Energy INC	Stock-Utilities	1.36%	—	+126.68%
18	EVRG	Evergy INC	Stock-Utilities	1.26%	-1.26%	EXIT
19	VO	Vanguard Mid-cap ETF	ETF-Other	1.24%	—	+3.71%
20	BA	Boeing Co/the	Stock-Industrials	1.20%	-1.20%	EXIT
21	DTE	Dte Energy Company	Stock-Utilities	1.16%	-1.16%	EXIT
22	V	Visa Inc-class A Shares	Stock-Financials	1.15%	-0.52%	+33.77%
23	CNP	Centerpoint Energy INC	Stock-Utilities	1.11%	-0.92%	+107.26%
24	WEC	Wec Energy Group INC	Stock-Utilities	1.08%	—	—
25	LLY	Eli Lilly & Co	Stock-Healthcare	1.03%	—	+62.40%
26	MSFT	Microsoft CORP	Stock-Tech	0.96%	+0.91%	-42.13%
27	QQQ	Invesco Qqq Trust Series 1	ETF-Tech	0.90%	-0.50%	—
28	EWJ	Ishares Msci Japan ETF	ETF-Other	0.88%	—	-2.87%
29	AEP	American Electric Power	Stock-Utilities	0.88%	—	+58.50%
30	EXC	Exelon CORP	Stock-Utilities	0.88%	-0.88%	EXIT
31	CEG	Constellation Energy	Stock-Utilities	0.87%	—	+3.43%
32	VWO	Vanguard Ftse Emerging Marke	ETF-Emerging Markets	0.86%	—	-13.59%
33	GEV	GE Vernova INC	Stock-Industrials	0.86%	—	+6.98%
34	GM	General Motors Co	Stock-Consumer Disc	0.81%	-0.79%	—
35	PNW	Pinnacle West Capital	Stock-Utilities	0.77%	-0.77%	EXIT
36	VB	Vanguard Small-cap ETF	ETF-Other	0.70%	—	+3.39%
37	D	Dominion Energy INC	Stock-Utilities	0.68%	+0.40%	—
38	KOS 3.125 03-15-30	Kosmos Energy LTD	Stock-Other	0.66%	+0.42%	+46.71%
39	OGS	One Gas INC	Stock-Utilities	0.65%	—	—
40	VST	Vistra CORP	Stock-Utilities	0.62%	—	-0.61%
41	URI	United Rentals INC	Stock-Industrials	0.61%	—	+11.17%
42	VFH	Vanguard Financials ETF	ETF-Other	0.59%	—	+3.50%
43	UTES	Virtus Reaves Utilities ETF	ETF-Other	0.59%	—	+5598.65%
44	AEE	Ameren Corporation	Stock-Utilities	0.58%	+0.68%	-23.18%
45	VHT	Vanguard Health Care ETF	ETF-Other	0.56%	—	+8.89%
46	VGT	Vanguard Info Tech ETF	ETF-Tech	0.56%	—	-8.22%
47	MLPX	Global X Mlp & Energy Infras	ETF-Other	0.55%	—	+3.42%
48	CRWD	Crowdstrike Holdings INC - A	Stock-Tech	0.52%	-0.48%	+0.61%
49	EOG	Eog Resources INC	Stock-Energy	0.52%	—	—
50	ABBV	Abbvie INC	Stock-Healthcare	0.51%	—	-3.31%

1–50 of 200

Holding changes this quarter

Position changes disclosed by BTG Pactual Asset Management US LLC for the quarter ending Q4 2025, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	HYG	Ishr Ibx Usd Hiyld Cb Etf-ui	+6.3%	+9777.90%	Add
2	IWF	Ishares Russell 1000 Growth	+3.3%	-13.24%	Trim
3	BRK-B	Berkshire Hathaway Inc-cl B	+1.7%	+62.06%	Add
4	META	Meta Platforms Inc-class A	+1.4%	+87.09%	Add
5	XLV	Ss Health Care Select Sector	+1.4%	+32.29%	Add
6	GOOG	Alphabet Inc-cl C	+1.4%	-12.18%	Trim
7	AMZN	Amazon.com INC	+1.3%	+11.90%	Add
8	TSM	Taiwan Semiconductor-sp Adr	+1.2%	+87.74%	Add
9	OGE	Oge Energy CORP	+1.1%	+120.37%	Add
10	XEL	Xcel Energy INC	+1%	+126.68%	Add
11	CNP	Centerpoint Energy INC	+0.9%	+107.26%	Add
12	LLY	Eli Lilly & Co	+0.8%	+62.40%	Add
13	NVDA	Nvidia CORP	+0.8%	-19.34%	Trim
14	V	Visa Inc-class A Shares	+0.8%	+33.77%	Add
15	AEP	American Electric Power	+0.6%	+58.50%	Add
16	UTES	Virtus Reaves Utilities ETF	+0.6%	+5598.65%	Add
17	MSFT	Microsoft CORP	+0.1%	-42.13%	Trim
18	LQD	Ishr Ibx Usd Invgd Cb Etf-ui	0%	-59.69%	Trim
19	STIP	Ishares 0-5 Year Tips Bond E	-0.2%	-87.22%	Trim
20	DUK	Duke Energy CORP	-0.2%	-73.55%	Trim
21	IWM	Ishares Russell 2000 ETF	-0.3%	-92.53%	Trim
22	NOW	Servicenow INC	-0.4%	-39.69%	Trim
23	AAPL	Apple INC	-0.9%	-92.44%	Trim
24	SPY	Ss Spdr S&p 500 ETF Trust-us	-46%	-88.62%	Trim
25	HUT	Hut 8 CORP	—	EXIT	Sold out
26	IREN	Iren LTD F	—	EXIT	Sold out
27	CIFR	Cipher Digital INC	—	EXIT	Sold out
28	KEL	Kellanova	—	EXIT	Sold out
29	EVRG	Evergy INC	—	NEW	New buy
30	BA	Boeing Co/the	—	NEW	New buy
31	DTE	Dte Energy Company	—	NEW	New buy
32	WEC	Wec Energy Group INC	—	NEW	New buy
33	QQQ	Invesco Qqq Trust Series 1	—	NEW	New buy
34	✓	Cyberark Software LTD	—	EXIT	Sold out
35	GM	General Motors Co	—	NEW	New buy
36	LNT	Alliant Energy CORP	—	EXIT	Sold out
37	KWEB	Kranesh Csi China Internet	—	EXIT	Sold out
38	D	Dominion Energy INC	—	NEW	New buy
39	OGS	One Gas INC	—	NEW	New buy
40	FYBR	Frontier Communications Pare	—	EXIT	Sold out
41	EOG	Eog Resources INC	—	NEW	New buy
42	HIG	Hartford Insurance Group INC	—	NEW	New buy
43	PCG	P G & E CORP	—	NEW	New buy
44	PEG	Public Service Enterprise Gp	—	NEW	New buy
45	AM	Antero Midstream CORP	—	NEW	New buy
46	SUNC	Sunococorp LLC	—	NEW	New buy
47	EWT	Ishares Msci Taiwan ETF	—	EXIT	Sold out
48	AWK	American Water Works Co INC	—	EXIT	Sold out
49	CVX	Chevron CORP	—	NEW	New buy
50	CNQ	Canadian Natural Resources	—	NEW	New buy