# BTG Pactual Asset Management US LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1569579. Source: https://holderbook.com/funds/1569579-btg-pactual-asset-management-us-llc/

- Reported value: $1.6B
- Positions: 418
- Weight of the ten largest: 37.2%
- Filed: 2026-08-14

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 |
|---|---|---|---|---|---|
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $129.9M | 189,201 | 8.1% | 2 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $114.2M | 24,098 | 7.1% | 9 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $87.1M | 701,822 | 5.4% | 9 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $47.8M | 205,029 | 3.0% | 9 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $46.0M | 144,436 | 2.9% | 9 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $45.3M | 515,749 | 2.8% | 8 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $35.3M | 57,792 | 2.2% | 9 |
| VANGUARD WORLD FD | [MGV](https://holderbook.com/stocks/MGV/) | $34.1M | 208,483 | 2.1% | 8 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $31.4M | 65,578 | 2.0% | 9 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $27.6M | 34,104 | 1.7% | 3 |
| VANGUARD INTL EQUITY INDEX F | [VGK](https://holderbook.com/stocks/VGK/) | $26.3M | 296,790 | 1.6% | 8 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $26.2M | 74,251 | 1.6% | 9 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $24.7M | 49,371 | 1.5% | 9 |
| LISTED FDS TR | [MAGS](https://holderbook.com/stocks/MAGS/) | $23.6M | 0 | 1.5% | 1 |
| VANGUARD SCOTTSDALE FDS | [VONG](https://holderbook.com/stocks/VONG/) | $20.8M | 170,312 | 1.3% | 2 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $19.8M | 48,474 | 1.2% | 8 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $18.9M | 4,370 | 1.2% | 1 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $18.6M | 13,097 | 1.2% | 3 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $18.4M | 115,762 | 1.1% | 9 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $17.0M | 3,860 | 1.1% | 2 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $15.8M | 196,478 | 1.0% | 9 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $14.9M | 184,581 | 0.9% | 8 |
| PPL CORP | [PPL](https://holderbook.com/stocks/PPL/) | $14.7M | 403,390 | 0.9% | 2 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $14.5M | 12,322 | 0.9% | 8 |
| METLIFE INC | [MET](https://holderbook.com/stocks/MET/) | $14.4M | 20,030 | 0.9% | 1 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $14.3M | 11,902 | 0.9% | 9 |
| AMEREN CORP | [AEE](https://holderbook.com/stocks/AEE/) | $13.7M | 121,597 | 0.9% | 6 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $12.9M | 94,224 | 0.8% | 5 |
| PETROLEO BRASILEIRO S A | [PBR](https://holderbook.com/stocks/PBR/) | $12.7M | 617,747 | 0.8% | 2 |
| TOTALENERGIES SE | [TTE](https://holderbook.com/stocks/TTE/) | $12.6M | 0 | 0.8% | 2 |
| OGE ENERGY CORP | [OGE](https://holderbook.com/stocks/OGE/) | $12.6M | 259,375 | 0.8% | 4 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $12.4M | 208,277 | 0.8% | 9 |
| ITAU UNIBANCO HLDG S A | [ITUB](https://holderbook.com/stocks/ITUB/) | $11.9M | 1,450,962 | 0.7% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $11.8M | 20,597 | 0.7% | 9 |
| KOSMOS ENERGY LTD | - | $11.5M | 15,705,000 | 0.7% | 4 |
| NU HLDGS LTD | [NU](https://holderbook.com/stocks/NU/) | $11.5M | 844,478 | 0.7% | 9 |
| ONE GAS INC | [OGS](https://holderbook.com/stocks/OGS/) | $11.4M | 147,317 | 0.7% | 3 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $10.8M | 28,500 | 0.7% | 9 |
| ISHARES INC | [EWJ](https://holderbook.com/stocks/EWJ/) | $10.6M | 113,598 | 0.7% | 8 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $10.1M | 8,943 | 0.6% | 9 |
| VALE S A | [VALE](https://holderbook.com/stocks/VALE/) | $10.1M | 671,082 | 0.6% | 2 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $9.7M | 25,995 | 0.6% | 8 |
| CMS ENERGY CORP | [CMS](https://holderbook.com/stocks/CMS/) | $9.2M | 120,155 | 0.6% | 2 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $9.2M | 36,946 | 0.6% | 9 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $8.6M | 25,208 | 0.5% | 9 |
| ETFIS SER TR I | [UTES](https://holderbook.com/stocks/UTES/) | $8.2M | 103,391 | 0.5% | 4 |
| SEMPRA | [SRE](https://holderbook.com/stocks/SRE/) | $8.1M | 87,580 | 0.5% | 2 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $7.9M | 26,316 | 0.5% | 8 |
| CMB.TECH NV | [CMBT](https://holderbook.com/stocks/CMBT/) | $7.8M | 559,729 | 0.5% | 2 |
| PG&E CORP | [PCG](https://holderbook.com/stocks/PCG/) | $7.8M | 461,172 | 0.5% | 3 |
| WEBSTER FINL CORP | [WBS](https://holderbook.com/stocks/WBS/) | $7.7M | 100,286 | 0.5% | 2 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $7.5M | 62,639 | 0.5% | 8 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $7.3M | 20,479 | 0.5% | 9 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $7.1M | 28,406 | 0.4% | 8 |
| MILLICOM INTL CELLULAR S A | [TIGO](https://holderbook.com/stocks/TIGO/) | $7.1M | 78,417 | 0.4% | 8 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $7.1M | 22,539 | 0.4% | 2 |
| VANGUARD WORLD FD | [VFH](https://holderbook.com/stocks/VFH/) | $7.0M | 53,391 | 0.4% | 8 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $6.9M | 22,833 | 0.4% | 8 |
| GLOBAL X FDS | [MLPX](https://holderbook.com/stocks/MLPX/) | $6.3M | 85,522 | 0.4% | 8 |
| ENTERGY CORP NEW | [ETR](https://holderbook.com/stocks/ETR/) | $6.3M | 54,588 | 0.4% | 1 |
| MARA HOLDINGS INC | - | $6.0M | 6,000,000 | 0.4% | 2 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $5.9M | 39,015 | 0.4% | 8 |
| WARNER BROS DISCOVERY INC | [WBD](https://holderbook.com/stocks/WBD/) | $5.5M | 206,400 | 0.3% | 3 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $5.2M | 8,632 | 0.3% | 3 |
| VISTANCE NETWORKS INC | [VISN](https://holderbook.com/stocks/VISN/) | $5.1M | 400,000 | 0.3% | 2 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $5.0M | 99,662 | 0.3% | 8 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $5.0M | 9,648 | 0.3% | 9 |
| ENEL CHILE S.A. | [ENIC](https://holderbook.com/stocks/ENIC/) | $4.9M | 1,089,800 | 0.3% | 2 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $4.8M | 29,004 | 0.3% | 3 |
| COMPANHIA DE SANEAMENTO BASI | [SBS](https://holderbook.com/stocks/SBS/) | $4.8M | 827,173 | 0.3% | 2 |
| WEC ENERGY GROUP INC | [WEC](https://holderbook.com/stocks/WEC/) | $4.7M | 40,109 | 0.3% | 3 |
| ECHOSTAR CORP | [ECHO](https://holderbook.com/stocks/ECHO/) | $4.6M | 45,000 | 0.3% | 2 |
| CENTERPOINT ENERGY INC | [CNP](https://holderbook.com/stocks/CNP/) | $4.6M | 103,559 | 0.3% | 8 |
| SOCIEDAD QUIMICA Y MINERA DE | [SQM](https://holderbook.com/stocks/SQM/) | $4.3M | 58,700 | 0.3% | 2 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $4.3M | 2,537 | 0.3% | 3 |
| ISHARES INC | [EPP](https://holderbook.com/stocks/EPP/) | $4.3M | 80,452 | 0.3% | 8 |
| SUNCOR ENERGY INC NEW | [SU](https://holderbook.com/stocks/SU/) | $4.1M | 75,773 | 0.3% | 2 |
| CHENIERE ENERGY INC | [LNG](https://holderbook.com/stocks/LNG/) | $4.0M | 16,830 | 0.2% | 1 |
| SOUTHWEST GAS HLDGS INC | [SWX](https://holderbook.com/stocks/SWX/) | $4.0M | 44,840 | 0.2% | 1 |
| ROYALTY PHARMA PLC | [RPRX](https://holderbook.com/stocks/RPRX/) | $4.0M | 70,732 | 0.2% | 4 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $3.8M | 39,582 | 0.2% | 8 |
| PIMCO ETF TR | [MUNI](https://holderbook.com/stocks/MUNI/) | $3.8M | 71,991 | 0.2% | 8 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $3.7M | 9,611 | 0.2% | 9 |
| ISHARES TR | [USHY](https://holderbook.com/stocks/USHY/) | $3.6M | 98,189 | 0.2% | 9 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $3.5M | 9,490 | 0.2% | 9 |
| ISHARES TR | [IGV](https://holderbook.com/stocks/IGV/) | $3.5M | 5,751 | 0.2% | 2 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.4M | 11,890 | 0.2% | 9 |
| MORGAN STANLEY ETF TRUST | [XAGG](https://holderbook.com/stocks/XAGG/) | $3.4M | 65,791 | 0.2% | 3 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $3.4M | 136,839 | 0.2% | 1 |
| VENTURE GLOBAL INC | [VG](https://holderbook.com/stocks/VG/) | $3.3M | 300,000 | 0.2% | 1 |
| TAKE-TWO INTERACTIVE SOFTWAR | [TTWO](https://holderbook.com/stocks/TTWO/) | $3.2M | 12,970 | 0.2% | 3 |
| GERDAU SA | [GGB](https://holderbook.com/stocks/GGB/) | $3.2M | 785,688 | 0.2% | 2 |
| KENVUE INC | [KVUE](https://holderbook.com/stocks/KVUE/) | $3.2M | 165,088 | 0.2% | 2 |
| TELEPHONE & DATA SYS INC | [TDS](https://holderbook.com/stocks/TDS/) | $3.2M | 85,157 | 0.2% | 1 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $3.1M | 29,614 | 0.2% | 3 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $3.1M | 2,667 | 0.2% | 2 |
| ELECTRONIC ARTS INC | [EA](https://holderbook.com/stocks/EA/) | $3.1M | 15,000 | 0.2% | 2 |
| SPIRE INC | [SR](https://holderbook.com/stocks/SR/) | $3.0M | 38,220 | 0.2% | 1 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $3.0M | 71,765 | 0.2% | 1 |
| SUNOCOCORP LLC | [SUNC](https://holderbook.com/stocks/SUNC/) | $2.9M | 42,940 | 0.2% | 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 |
|---|---|---|---|---|
| Q2 2026 | +9.3% | +14.8% | -5.5% | 93% |
| Q1 2026 | -1.1% | -4.6% | +3.5% | 91% |
| Q3 2025 | +11.0% | +7.8% | +3.2% | 90% |
| Q2 2025 | +14.0% | +10.5% | +3.6% | 84% |
| Q1 2025 | -2.7% | -4.6% | +1.9% | 84% |
| Q4 2024 | -1.1% | +2.1% | -3.2% | 65% |
| Q3 2024 | +7.3% | +5.4% | +1.8% | 66% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.6B | 418 |
| Q1 2026 | $1.2B | 308 |
| Q4 2025 | $1.0B | 227 |
| Q3 2025 | $2.1B | 239 |
| Q2 2025 | $913.1M | 221 |
| Q1 2025 | $934.2M | 221 |
| Q4 2024 | $963.2M | 249 |
| Q3 2024 | $1.2B | 201 |
| Q2 2024 | $678.8M | 117 |