SPX Gestao de Recursos Ltda

RIO DE JANEIRO, D5 · CIK 1589176 · 13F filing filed 2026-08-19

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entitySPX GESTAO DE RECURSOS LTDA (BR)

Others nearbyRio de Janeiro
FamilySPX Gestao de Recursos Ltda · 2 related pages

$898.0m reported value -25.2% vs Q1 2026

79positions

49.4%in top 10

38 new 18 added 20 reduced 32 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	XP INC CL A XP	XP	4,813,132	$78.3m8.72%	8.72%	Added +3.6m	+3,626,059 305.5%
2	LATAM AIRLINES GROUP SA SPONSORED ADR LTM	LTM	1,046,638	$61.0m6.79%	6.79%	Added +164.7k	+164,662 18.7%
3	TRANSPORTADORA DE GAS SUR SPONSORED ADS B TGS	TGS	1,815,590	$54.0m6.01%	6.01%	Added +790.5k	+790,454 77.1%
4	PAMPA ENERGIA S A SPONS ADR LVL I PAM	PAM	547,637	$45.0m5.01%	5.01%	Added +384.0k	+383,994 234.7%
5	VINCI PARTNERS INVTS LTD COM CL A VINP	VINP	4,441,517	$43.2m4.81%	4.81%	Reduced -230.7k	-230,656 -4.9%
6	ARCOS DORADOS HOLDINGS INC SHS CLASS -A - ARCO	ARCO	4,501,327	$36.3m4.04%	4.04%	Reduced -1.4m	-1,447,959 -24.3%
7	STONECO LTD COM CL A STNE	STNE	3,004,035	$32.6m3.63%	3.63%	Reduced -4.7m	-4,723,979 -61.1%
8	EMBRAER S.A. SPONSORED ADS EMBJ	EMBJ	503,225	$32.1m3.58%	3.58%	Added +149.9k	+149,936 42.4%
9	BANCO BRADESCO S A SP ADR PFD NEW BBD	BBD	8,863,299	$30.8m3.43%	3.43%	Reduced -2.2m	-2,188,675 -19.8%
10	TELECOM ARGENTINA SA SPON ADR REP B TEO	TEO	2,320,411	$30.2m3.36%	3.36%	Added +1.6m	+1,587,714 216.7%
11	HALLIBURTON CO COM HAL	HAL	876,300	$29.8m3.31%	3.31%	New
12	RIO TINTO PLC SPONSORED ADR RIO	RIO	308,586	$29.3m3.26%	3.26%	Added +259.9k	+259,936 534.3%
13	MICROSOFT CORP COM MSFT	MSFT	64,457	$24.0m2.68%	2.68%	New
14	INTERCORP FINL SVCS INC SHS IFS	IFS	401,546	$22.9m2.55%	2.55%	Added +401.3k	+401,346 200673.0%
15	NVIDIA CORPORATION COM NVDA	NVDA	112,739	$22.6m2.51%	2.51%	Reduced -150.5k	-150,461 -57.2%
16	ALPHABET INC CAP STK CL A GOOGL	GOOGL	61,250	$21.9m2.44%	2.44%	New
17	FREEPORT-MCMORAN INC CL B FCX	FCX	344,076	$21.6m2.41%	2.41%	New
18	ISHARES INC MSCI BRAZIL ETF EWZ	EWZ	581,348	$20.1m2.23%	2.23%	Added +88.2k	+88,180 17.9%
19	MICRON TECHNOLOGY INC COM MU	MU	17,083	$19.7m2.20%	2.20%	Added +16.9k	+16,868 7845.6%
20	INTER & CO INC CLASS A COM INTR	INTR	3,414,933	$18.5m2.07%	2.07%	Reduced -608.9k	-608,869 -15.1%
21	CREDICORP LTD COM BAP	BAP	43,967	$17.1m1.91%	1.91%	Reduced -23.4k	-23,436 -34.8%
22	MASTERCARD INCORPORATED CL A MA	MA	31,702	$16.3m1.81%	1.81%	New
23	VISA INC COM CL A V	V	45,517	$15.6m1.74%	1.74%	New
24	META PLATFORMS INC CL A META	META	26,027	$14.7m1.63%	1.63%	Added +17.5k	+17,547 206.9%
25	PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG PBR.A	PBR.A	992,898	$14.5m1.62%	1.62%	Reduced -5.9m	-5,881,807 -85.6%
26	AMAZON COM INC COM AMZN	AMZN	60,746	$14.5m1.61%	1.61%	Reduced -1.9k	-1,894 -3.0%
27	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	28,621	$13.7m1.52%	1.52%	Reduced -30.6k	-30,650 -51.7%
28	BANCO SANTANDER CHILE NEW SP ADR REP COM BSAC	BSAC	336,710	$11.1m1.23%	1.23%	Added +280.2k	+280,231 496.2%
29	GRUPO CIBEST SA SPON ADS CIB	CIB	98,727	$7.8m0.87%	0.87%	Added +82.5k	+82,485 507.9%
30	LUMENTUM HLDGS INC COM LITE	LITE	8,875	$7.6m0.85%	0.85%	New
31	WESTERN DIGITAL CORP COM WDC	WDC	11,300	$7.2m0.80%	0.80%	New
32	COHERENT CORP COM COHR	COHR	16,750	$6.6m0.74%	0.74%	New
33	VALE S A SPONSORED ADS VALE	VALE	398,493	$6.0m0.67%	0.67%	Reduced -5.1m	-5,141,115 -92.8%
34	COMPANHIA PARANAENSE DE ENER SPONSORED ADS ELPC	ELPC	466,331	$5.4m0.61%	0.61%	Reduced -435.8k	-435,778 -48.3%
35	APPLIED OPTOELECTRONICS INC COM AAOI	AAOI	35,500	$5.3m0.59%	0.59%	Added +35.5k	+35,500 —
36	SEAGATE TECHNOLOGY HLDNGS PL ORD SHS STX	STX	5,200	$5.0m0.56%	0.56%	New
37	GRUPO FINANCIERO GALICIA S.A SPONSORED ADR GGAL	GGAL	85,000	$4.3m0.47%	0.47%	New
38	SPOTIFY TECHNOLOGY S A SHS SPOT	SPOT	8,626	$4.0m0.44%	0.44%	New
39	ITAU UNIBANCO HLDG S A SPON ADR REP PFD ITUB	ITUB	479,169	$3.9m0.44%	0.44%	New
40	ON HLDG AG NAMEN AKT A ONON	ONON	108,412	$3.8m0.43%	0.43%	New
41	BOOKING HOLDINGS INC COM BKNG	BKNG	19,961	$3.6m0.40%	0.40%	New
42	BROADCOM INC COM AVGO	AVGO	7,098	$2.7m0.30%	0.30%	New
43	APPLE INC COM AAPL	AAPL	7,800	$2.3m0.25%	0.25%	New
44	COMPANHIA DE SANEAMENTO BASI SPONSORED ADR SBS	SBS	352,413	$2.0m0.23%	0.23%	Reduced -537.3k	-537,337 -60.4%
45	ULTRAPAR PARTICIPACOES SA SP ADR REP COM UGP	UGP	378,023	$1.9m0.21%	0.21%	Reduced -141.1k	-141,103 -27.2%
46	TERADYNE INC COM TER	TER	3,864	$1.9m0.21%	0.21%	New
47	SHARKNINJA INC COM SHS SN	SN	11,808	$1.8m0.20%	0.20%	Reduced -92.4k	-92,362 -88.7%
48	ACM RESH INC COM CL A ACMR	ACMR	13,815	$1.8m0.20%	0.20%	New
49	BANCO MACRO SA SPON ADR B BMA	BMA	18,567	$1.7m0.19%	0.19%	New
50	ORACLE CORP COM ORCL	ORCL	11,365	$1.7m0.19%	0.19%	New
51	COSTCO WHSL CORP NEW COM COST	COST	1,600	$1.5m0.17%	0.17%	New
52	WALMART INC COM WMT	WMT	13,205	$1.5m0.17%	0.17%	New
53	NATERA INC COM NTRA	NTRA	5,400	$1.5m0.16%	0.16%	New
54	ROBINHOOD MKTS INC COM CL A HOOD	HOOD	14,338	$1.4m0.16%	0.16%	New
55	PETROLEO BRASILEIRO SA PETRO SPONSORED ADR PBR	PBR	80,480	$1.3m0.14%	0.14%	Reduced -1.7m	-1,652,362 -95.4%
56	EVE HLDG INC COM EVEX	EVEX	414,632	$1.0m0.12%	0.12%	Reduced -1.9m	-1,878,998 -81.9%
57	CENTRAIS ELETRICAS BRASILEIR SPONSORED ADR AXIAY	AXIAY	98,495	$1.0m0.12%	0.12%	Added +97.2k	+97,210 7565.0%
58	APPLIED MATLS INC COM AMAT	AMAT	1,250	$903.8k0.10%	0.10%	New
59	CIA ENERGETICA DE MINAS GERA SP ADR N-V PFD CIG	CIG	412,092	$865.4k0.10%	0.10%	Added +43.9k	+43,869 11.9%
60	HYPERLIQUID STRATEGIES INC COM PURR	PURR	109,330	$860.4k0.10%	0.10%	New
61	VERTIV HOLDINGS CO COM CL A VRT	VRT	2,454	$821.6k0.09%	0.09%	New
62	ISHARES TR CHINA LG-CAP ETF FXI	FXI	25,370	$801.4k0.09%	0.09%	Unchanged
63	LAM RESEARCH CORP COM NEW LRCX	LRCX	1,725	$747.5k0.08%	0.08%	Added +1.7k	+1,725 —
64	VNET GROUP INC SPONSORED ADS A VNET	VNET	79,788	$641.5k0.07%	0.07%	New
65	INTEL CORP COM INTC	INTC	4,590	$640.9k0.07%	0.07%	New
66	TERAWULF INC COM WULF	WULF	25,841	$638.3k0.07%	0.07%	New
67	APTIV PLC COM SHS APTV	APTV	10,370	$636.5k0.07%	0.07%	New
68	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	291	$578.9k0.06%	0.06%	New
69	SUZANO S A SPON ADS SUZ	SUZ	37,621	$291.9k0.03%	0.03%	Reduced -12.3k	-12,296 -24.6%
70	PATRIA INVESTMENTS LIMITED COM CL A PAX	PAX	18,540	$203.6k0.02%	0.02%	New
71	QUALCOMM INC COM QCOM	QCOM	1,030	$190.3k0.02%	0.02%	New
72	AMBEV SA SPONSORED ADR ABEV	ABEV	50,872	$159.7k0.02%	0.02%	Reduced -19.5k	-19,536 -27.8%
73	AZUL S A SPONSORED ADS AZUL	AZUL	15,676	$140.9k0.02%	0.02%	New
74	BANCO DE CHILE SPONSORED ADS BCH	BCH	3,131	$124.5k0.01%	0.01%	Added +1.7k	+1,688 117.0%
75	TIM S A SPONSORED ADR TIMB	TIMB	5,670	$121.5k0.01%	0.01%	New
76	CENTRAIS ELET BRAS SA SPON ADS PF CL C AXICY	AXICY	1,809	$19.1k0.00%	0.00%	Reduced -667.2k	-667,226 -99.7%
77	COSAN S A ADS CSANY	CSANY	425	$1.2k0.00%	0.00%	New
78	BHP GROUP LTD SPONSORED ADS BHP	BHP	0	$00.00%	0.00%	Unchanged
79	CIA ENERGETICA DE MINAS GERA SPONSORED ADR CIG.C	CIG.C	0	$00.00%	0.00%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
SELECT SECTOR SPDR TR XLP	XLP	1,466,111	$120.2m1.5m shares
ISHARES TR MCHI	MCHI	972,000	$54.6m972.0k shares
NU HLDGS LTD NU	NU	2,569,755	$36.9m2.6m shares
COPA HOLDINGS SA CPA	CPA	224,792	$25.5m224.8k shares
BP PLC BP	BP	354,344	$16.7m354.3k shares
GERDAU SA GGB	GGB	4,254,223	$15.4m4.3m shares
ALCOA CORP AA	AA	155,300	$10.3m155.3k shares
CORPAY INC CPAY	CPAY	29,260	$8.5m29.3k shares
VANECK ETF TRUST OIH	OIH	16,500	$6.7m16.5k shares
CENTRAL PUERTO S A CEPU	CEPU	361,495	$6.1m361.5k shares
GRINDR INC GRND	GRND	455,800	$5.5m455.8k shares
SHELL PLC SHEL	SHEL	52,300	$4.9m52.3k shares
BLUE OWL CAPITAL INC OWL	OWL	489,660	$4.5m489.7k shares
LUXEXPERIENCE BV LUXE	LUXE	523,410	$4.2m523.4k shares
CANTOR EQUITY PARTNERS II IN		305,000	$3.3m305.0k shares
CANTALOUPE INC USAT	USAT	298,600	$3.2m298.6k shares
CORE SCIENTIFIC INC NEW CORZ	CORZ	205,350	$3.1m205.3k shares
TALEN ENERGY CORP TLN	TLN	7,490	$2.4m7.5k shares
SOLSTICE ADVANCED MATLS INC SOLS	SOLS	29,600	$2.3m29.6k shares
PAGAYA TECHNOLOGIES LTD PGY	PGY	180,100	$2.1m180.1k shares
TRANSDIGM GROUP INC TDG	TDG	1,780	$2.1m1.8k shares
NAYAX LTD NYAX	NYAX	20,524	$1.1m20.5k shares
JABIL INC JBL	JBL	4,000	$1.1m4.0k shares
IREN LIMITED IREN	IREN	28,950	$992.4k28.9k shares
BANCO SANTANDER BRASIL S A BSBR	BSBR	86,883	$515.2k86.9k shares