# JGP Global Gestao de Recursos Ltda.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1536562. Source: https://holderbook.com/funds/1536562-jgp-global-gestao-de-recursos-ltda/

- Reported value: $45.3M
- Positions: 32
- Weight of the ten largest: 84.1%
- Filed: 2026-07-20

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| XP INC | [XP](https://holderbook.com/stocks/XP/) | $10.7M | 657,219 | 23.6% | 6 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $7.7M | 10,290 | 17.0% | 1 |
| SoftBank Group Corp | [SFTBY](https://holderbook.com/stocks/SFTBY/) | $4.3M | 225,833 | 9.4% | 1 |
| VEON LTD | [VEON](https://holderbook.com/stocks/VEON/) | $3.5M | 66,750 | 7.7% | 1 |
| PROSUS N V SPONSORED ADR | [PROSY](https://holderbook.com/stocks/PROSY/) | $3.0M | 342,397 | 6.6% | 1 |
| ATAIBECKLEY INC | [ATAI](https://holderbook.com/stocks/ATAI/) | $2.6M | 500,000 | 5.8% | 1 |
| ECHOSTAR CORP | [ECHO](https://holderbook.com/stocks/ECHO/) | $2.2M | 21,635 | 4.8% | 1 |
| CK HUTCHISON HLDGS LTD UNSPONSORD ADR | [CKHUY](https://holderbook.com/stocks/CKHUY/) | $1.5M | 179,486 | 3.4% | 1 |
| ITAU UNIBANCO HLDG S A | [ITUB](https://holderbook.com/stocks/ITUB/) | $1.4M | 167,800 | 3.0% | 1 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.3M | 1,098 | 2.9% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $722.5K | 2,871 | 1.6% | 6 |
| INCYTE CORP | [INCY](https://holderbook.com/stocks/INCY/) | $637.1K | 5,620 | 1.4% | 22 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $601.4K | 2,368 | 1.3% | 6 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $516.6K | 1,243 | 1.1% | 1 |
| BEONE MEDICINES LTD | [ONC](https://holderbook.com/stocks/ONC/) | $487.6K | 1,711 | 1.1% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $433.3K | 3,372 | 1.0% | 1 |
| STMICROELECTRONICS N V | [STM](https://holderbook.com/stocks/STM/) | $400.5K | 5,348 | 0.9% | 1 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $373.5K | 0 | 0.8% | 5 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $360.1K | 725 | 0.8% | 31 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $354.6K | 6,154 | 0.8% | 6 |
| REVOLUTION MEDICINES INC | [RVMD](https://holderbook.com/stocks/RVMD/) | $333.0K | 1,778 | 0.7% | 1 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $270.1K | 2,138 | 0.6% | 6 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $267.7K | 534 | 0.6% | 21 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $260.8K | 2,874 | 0.6% | 6 |
| MADRIGAL PHARMACEUTICALS INC | [MDGL](https://holderbook.com/stocks/MDGL/) | $232.5K | 433 | 0.5% | 11 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $225.1K | 566 | 0.5% | 30 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $217.6K | 691 | 0.5% | 1 |
| ACADIA PHARMACEUTICALS INC | [ACAD](https://holderbook.com/stocks/ACAD/) | $205.2K | 8,110 | 0.5% | 1 |
| ALBEMARLE CORP | [ALB](https://holderbook.com/stocks/ALB/) | $134.3K | 0 | 0.3% | 1 |
| PONY AI INC | [PONY](https://holderbook.com/stocks/PONY/) | $128.5K | 18,490 | 0.3% | 1 |
| BAIDU INC | [BIDU](https://holderbook.com/stocks/BIDU/) | $19.5K | 0 | 0.0% | 1 |
| OI SA | [OIBZQ](https://holderbook.com/stocks/OIBZQ/) | $13.1K | 50,301 | 0.0% | 3 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | -9.6% | +14.8% | -24.4% | 100% |
| Q4 2025 | +1.8% | +2.4% | -0.5% | 100% |
| Q3 2025 | +28.8% | +7.8% | +21.0% | 100% |
| Q2 2025 | +38.0% | +10.5% | +27.5% | 97% |
| Q1 2025 | +23.5% | -4.6% | +28.0% | 100% |
| Q4 2024 | -14.5% | +2.1% | -16.7% | 100% |
| Q3 2024 | +2.6% | +5.4% | -2.8% | 75% |
| Q2 2024 | -10.8% | +4.0% | -14.8% | 69% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $45.3M | 32 |
| Q1 2026 | $23.2M | 26 |
| Q4 2025 | $169.5M | 45 |
| Q3 2025 | $172.0M | 34 |
| Q2 2025 | $204.3M | 45 |
| Q1 2025 | $130.8M | 35 |
| Q4 2024 | $43.9M | 40 |
| Q3 2024 | $51.2M | 40 |
| Q2 2024 | $78.8M | 40 |
| Q1 2024 | $155.6M | 58 |
| Q4 2023 | $166.8M | 53 |
| Q3 2023 | $158.1M | 51 |