# BTG Pactual Global Asset Management Ltd

> Institutional holdings reported to the SEC as of Q1 2024 on Form 13F. CIK 1567992. Source: https://holderbook.com/funds/1567992-btg-pactual-global-asset-management-ltd/

- Reported value: $599.6M
- Positions: 119
- Weight of the ten largest: 38.2%
- Filed: 2024-05-15

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 |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $49.9M | 39,305 | 8.3% | 1 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $27.8M | 0 | 4.6% | 2 |
| ISHARES TR | [FXI](https://holderbook.com/stocks/FXI/) | $25.3M | 0 | 4.2% | 1 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $22.2M | 47 | 3.7% | 5 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $20.0M | 33,652 | 3.3% | 1 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $17.5M | 26,035 | 2.9% | 17 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $17.3M | 38,025 | 2.9% | 1 |
| ISHARES INC | [EWZ](https://holderbook.com/stocks/EWZ/) | $17.2M | 0 | 2.9% | 1 |
| DBX ETF TR | [ASHR](https://holderbook.com/stocks/ASHR/) | $16.2M | 0 | 2.7% | 1 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $15.7M | 86,958 | 2.6% | 9 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $14.1M | 0 | 2.4% | 1 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $13.7M | 43,280 | 2.3% | 1 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $12.4M | 6,907 | 2.1% | 1 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $12.3M | 112,540 | 2.0% | 1 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $11.6M | 0 | 1.9% | 1 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $11.6M | 0 | 1.9% | 1 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $10.6M | 0 | 1.8% | 1 |
| EBAY INC. | [EBAY](https://holderbook.com/stocks/EBAY/) | $10.6M | 0 | 1.8% | 1 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $9.8M | 0 | 1.6% | 1 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $9.6M | 10,621 | 1.6% | 4 |
| NU HLDGS LTD | [NU](https://holderbook.com/stocks/NU/) | $9.3M | 782,256 | 1.6% | 5 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $8.9M | 21,085 | 1.5% | 18 |
| PETROLEO BRASILEIRO S A | [PBR](https://holderbook.com/stocks/PBR/) | $8.6M | 564,270 | 1.4% | 4 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $8.4M | 1,743 | 1.4% | 1 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $8.4M | 213,650 | 1.4% | 1 |
| ITAU UNIBANCO HLDG S A | [ITUB](https://holderbook.com/stocks/ITUB/) | $8.2M | 1,181,390 | 1.4% | 4 |
| HESS CORP | [HES](https://holderbook.com/stocks/HES/) | $7.1M | 36,555 | 1.2% | 2 |
| PIONEER NAT RES CO | [PXD](https://holderbook.com/stocks/PXD/) | $6.9M | 26,306 | 1.2% | 2 |
| SPDR SERIES TRUST | [XOP](https://holderbook.com/stocks/XOP/) | $6.8M | 0 | 1.1% | 1 |
| ISHARES INC | [EWY](https://holderbook.com/stocks/EWY/) | $6.0M | 0 | 1.0% | 1 |
| EVERGY INC | [EVRG](https://holderbook.com/stocks/EVRG/) | $6.0M | 112,776 | 1.0% | 5 |
| VALE S A | [VALE](https://holderbook.com/stocks/VALE/) | $5.8M | 479,070 | 1.0% | 4 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $5.7M | 3,749 | 0.9% | 22 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $5.6M | 0 | 0.9% | 1 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $5.2M | 10,792 | 0.9% | 10 |
| GLOBAL X FDS | [URA](https://holderbook.com/stocks/URA/) | $5.2M | 0 | 0.9% | 1 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $5.2M | 25,720 | 0.9% | 3 |
| XP INC | [XP](https://holderbook.com/stocks/XP/) | $5.1M | 200,364 | 0.9% | 4 |
| AMEREN CORP | [AEE](https://holderbook.com/stocks/AEE/) | $5.1M | 68,694 | 0.8% | 1 |
| NISOURCE INC | [NI](https://holderbook.com/stocks/NI/) | $5.0M | 182,425 | 0.8% | 5 |
| SPDR SERIES TRUST | [KRE](https://holderbook.com/stocks/KRE/) | $5.0M | 0 | 0.8% | 1 |
| STONECO LTD | [STNE](https://holderbook.com/stocks/STNE/) | $5.0M | 299,794 | 0.8% | 1 |
| PG&E CORP | [PCG](https://holderbook.com/stocks/PCG/) | $4.7M | 278,629 | 0.8% | 5 |
| ANSYS INC | [ANSS](https://holderbook.com/stocks/ANSS/) | $3.5M | 10,000 | 0.6% | 2 |
| SEMPRA | [SRE](https://holderbook.com/stocks/SRE/) | $3.4M | 47,816 | 0.6% | 3 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $3.4M | 62,331 | 0.6% | 1 |
| ENEL CHILE S.A. | [ENIC](https://holderbook.com/stocks/ENIC/) | $3.3M | 1,089,800 | 0.6% | 4 |
| ALBERTSONS COMPANIES INC | [ACI](https://holderbook.com/stocks/ACI/) | $3.2M | 150,000 | 0.5% | 4 |
| COSAN S A | [CSAN](https://holderbook.com/stocks/CSAN/) | $3.2M | 247,680 | 0.5% | 4 |
| SENDAS DISTRIBUIDORA S A | [ASAIY](https://holderbook.com/stocks/ASAIY/) | $3.1M | 206,870 | 0.5% | 4 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $3.0M | 2,629 | 0.5% | 8 |
| SOCIEDAD QUIMICA Y MINERA DE | [SQM](https://holderbook.com/stocks/SQM/) | $2.9M | 58,600 | 0.5% | 5 |
| GERDAU SA | [GGB](https://holderbook.com/stocks/GGB/) | $2.8M | 638,270 | 0.5% | 4 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $2.7M | 26,531 | 0.4% | 11 |
| COMPANHIA DE SANEAMENTO BASI | [SBS](https://holderbook.com/stocks/SBS/) | $2.6M | 154,370 | 0.4% | 4 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $2.4M | 16,422 | 0.4% | 1 |
| SUZANO S A | [SUZ](https://holderbook.com/stocks/SUZ/) | $2.3M | 182,120 | 0.4% | 4 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.3M | 15,090 | 0.4% | 1 |
| ENTERGY CORP NEW | [ETR](https://holderbook.com/stocks/ETR/) | $2.3M | 21,650 | 0.4% | 5 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $2.3M | 3,000 | 0.4% | 1 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.2M | 13,027 | 0.4% | 4 |
| PEMBINA PIPELINE CORP | [PBA](https://holderbook.com/stocks/PBA/) | $2.2M | 62,454 | 0.4% | 1 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $2.1M | 0 | 0.3% | 1 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $2.0M | 23,660 | 0.3% | 4 |
| LAUDER ESTEE COS INC | [EL](https://holderbook.com/stocks/EL/) | $1.9M | 12,500 | 0.3% | 2 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.9M | 4,211 | 0.3% | 1 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.8M | 12,000 | 0.3% | 22 |
| CENOVUS ENERGY INC | [CVE](https://holderbook.com/stocks/CVE/) | $1.7M | 84,922 | 0.3% | 1 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.5M | 5,285 | 0.2% | 9 |
| BANCO BRADESCO S A | [BBD](https://holderbook.com/stocks/BBD/) | $1.4M | 494,580 | 0.2% | 4 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $1.4M | 4,342 | 0.2% | 1 |
| ISHARES TR | [STIP](https://holderbook.com/stocks/STIP/) | $1.4M | 14,142 | 0.2% | 1 |
| STAR BULK CARRIERS CORP. | [SBLK](https://holderbook.com/stocks/SBLK/) | $1.4M | 57,444 | 0.2% | 1 |
| PUBLIC SVC ENTERPRISE GROUP | [PEG](https://holderbook.com/stocks/PEG/) | $1.3M | 19,379 | 0.2% | 1 |
| INTERNATIONAL SEAWAYS INC | [INSW](https://holderbook.com/stocks/INSW/) | $1.2M | 23,344 | 0.2% | 2 |
| UNITED STATES STL CORP NEW | [X](https://holderbook.com/stocks/X/) | $1.2M | 26,885 | 0.2% | 2 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $1.2M | 4,097 | 0.2% | 1 |
| AUNA S A | [AUNA](https://holderbook.com/stocks/AUNA/) | $1.2M | 110,000 | 0.2% | 1 |
| AES CORP | [AES](https://holderbook.com/stocks/AES/) | $1.1M | 63,440 | 0.2% | 1 |
| OCCIDENTAL PETE CORP | [OXY](https://holderbook.com/stocks/OXY/) | $1.1M | 17,482 | 0.2% | 1 |
| EVERSOURCE ENERGY | [ES](https://holderbook.com/stocks/ES/) | $1.1M | 18,647 | 0.2% | 1 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $1.1M | 9,579 | 0.2% | 1 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $1.1M | 2,064 | 0.2% | 1 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $1.1M | 1,493 | 0.2% | 1 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $1.0M | 5,615 | 0.2% | 1 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $1.0M | 2,891 | 0.2% | 1 |
| CRESCENT PT ENERGY CORP | [CPG](https://holderbook.com/stocks/CPG/) | $1.0M | 125,431 | 0.2% | 2 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $991.7K | 2,331 | 0.2% | 1 |
| ISHARES TR | [IGV](https://holderbook.com/stocks/IGV/) | $984.3K | 3,375 | 0.2% | 1 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $952.4K | 7,000 | 0.2% | 1 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $949.8K | 2,592 | 0.2% | 1 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $919.7K | 3,237 | 0.2% | 1 |
| CONSTELLATION BRANDS INC | [STZ](https://holderbook.com/stocks/STZ/) | $899.3K | 3,309 | 0.1% | 1 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $891.5K | 1,146 | 0.1% | 1 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $884.0K | 7,794 | 0.1% | 1 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $861.5K | 13,623 | 0.1% | 1 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $843.6K | 19,461 | 0.1% | 1 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $836.1K | 1,013 | 0.1% | 1 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $818.0K | 4,674 | 0.1% | 1 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $815.1K | 3,200 | 0.1% | 1 |

## 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 |
|---|---|---|---|---|
| Q1 2024 | +4.0% | +10.0% | -6.1% | 96% |
| Q4 2023 | +8.0% | +11.2% | -3.2% | 93% |
| Q3 2023 | -4.3% | -3.6% | -0.7% | 85% |
| Q1 2023 | +14.6% | +7.0% | +7.6% | 62% |
| Q3 2021 | -1.4% | +0.3% | -1.7% | 74% |
| Q2 2021 | +10.9% | +8.0% | +2.9% | 68% |
| Q1 2021 | -0.2% | +6.0% | -6.2% | 68% |
| Q1 2020 | -25.8% | -19.9% | -5.9% | 74% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2024 | $599.6M | 119 |
| Q4 2023 | $259.1M | 55 |
| Q3 2023 | $443.2M | 62 |
| Q2 2023 | $469.7M | 68 |
| Q1 2023 | $261.7M | 46 |
| Q4 2022 | $96.6M | 32 |
| Q3 2022 | $383.1M | 60 |
| Q2 2022 | $539.1M | 67 |
| Q1 2022 | $752.6M | 77 |
| Q4 2021 | $140.0M | 36 |
| Q3 2021 | $579.3M | 82 |
| Q2 2021 | $380.9M | 54 |