Absolute Gestao de Investimentos Ltda.

SAO PAULO, D5 · CIK 1622610 · 13F filing filed 2026-08-25

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 entityABSOLUTE GESTAO DE INVESTIMENTOS LTDA. (BR)

Others nearbySão Paulo

$362.7m reported value -58.6% vs Q1 2026

34positions

80.7%in top 10

17 new 4 added 12 reduced 53 sold out vs Q1 2026

Options: 5 call positions ($622.3m notional), 2 put positions ($9.1m notional) – listed below, not included above.

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	ELECTRONIC ARTS INC COM EA	EA	290,934	$59.7m16.45%	16.45%	Reduced -46.0k	-46,000 -13.7%
2	WEBSTER FINL CORP COM WBS	WBS	650,619	$49.7m13.71%	13.71%	Added +350.6k	+350,619 116.9%
3	NUVALENT INC COM COM		350,000	$43.2m11.92%	11.92%	New
4	PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG PBR.A	PBR.A	2,580,300	$37.8m10.42%	10.42%	Reduced -547.4k	-547,400 -17.5%
5	APOGEE THERAPEUTICS INC COM COM		205,000	$27.2m7.50%	7.50%	New
6	PAMPA ENERGIA S A SPONS ADR LVL I PAM	PAM	222,572	$18.3m5.04%	5.04%	Reduced -64.8k	-64,811 -22.6%
7	KENVUE INC COM KVUE	KVUE	923,260	$17.6m4.86%	4.86%	Unchanged
8	CHART INDS INC COM GTLS	GTLS	74,717	$15.6m4.30%	4.30%	New
9	ALLIED GOLD CORP COM NEW AAUC	AAUC	518,968	$12.3m3.40%	3.40%	Reduced -1.1m	-1,141,023 -68.7%
10	VANECK ETF TRUST CHINE INNOV ETF CNXT	CNXT	178,585	$11.1m3.07%	3.07%	New
11	ORGANON & CO COMMON STOCK OGN	OGN	665,230	$9.0m2.48%	2.48%	New
12	ROKU INC COM CL A ROKU	ROKU	61,000	$8.4m2.32%	2.32%	New
13	ISHARES INC MSCI JPN ETF NEW EWJ	EWJ	75,000	$7.0m1.93%	1.93%	New
14	DLOCAL LTD CLASS A COM DLO	DLO	364,508	$4.7m1.31%	1.31%	Reduced -531.7k	-531,665 -59.3%
15	CLEAR CHANNEL OUTDOOR HLDGS COM CCO	CCO	1,570,846	$3.8m1.05%	1.05%	New
16	AURA MINERALS INC SHS NEW AUGO	AUGO	55,467	$3.5m0.96%	0.96%	Added +51.7k	+51,717 1379.1%
17	BANCO MACRO SA SPON ADR B BMA	BMA	35,507	$3.3m0.91%	0.91%	Reduced -65.5k	-65,506 -64.8%
18	ESPERION THERAPEUTICS INC NE COM ESPR	ESPR	997,000	$3.2m0.87%	0.87%	New
19	CENTRAL PUERTO S A SPONSORED ADR CEPU	CEPU	198,380	$2.9m0.81%	0.81%	Reduced -87.7k	-87,676 -30.6%
20	TELECOM ARGENTINA SA SPON ADR REP B TEO	TEO	222,922	$2.9m0.80%	0.80%	Added +136.1k	+136,091 156.7%
21	UNIFIRST CORP MASS COM UNF	UNF	8,450	$2.2m0.62%	0.62%	Reduced -49.5k	-49,500 -85.4%
22	VISTA ENERGY S.A.B. DE C.V. SPONSORED ADS VIST	VIST	35,000	$2.2m0.62%	0.62%	New
23	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	4,500	$2.1m0.59%	0.59%	Reduced -16.7k	-16,690 -78.8%
24	KKR & CO INC COM KKR	KKR	22,500	$2.1m0.57%	0.57%	Reduced -23.8k	-23,769 -51.4%
25	AMAZON COM INC COM AMZN	AMZN	8,000	$1.9m0.53%	0.53%	Reduced -28.9k	-28,900 -78.3%
26	MICROSOFT CORP COM MSFT	MSFT	5,000	$1.9m0.51%	0.51%	New
27	AGI INC COM SHS CL A AGBK	AGBK	263,115	$1.9m0.51%	0.51%	Added +210.9k	+210,858 403.5%
28	ALPHABET INC CAP STK CL A GOOGL	GOOGL	5,000	$1.8m0.49%	0.49%	Reduced -5.0k	-5,000 -50.0%
29	TRANSPORTADORA DE GAS SUR SPONSORED ADS B TGS	TGS	51,488	$1.5m0.42%	0.42%	New
30	ZETA GLOBAL HOLDINGS CORP CL A ZETA	ZETA	50,000	$984.0k0.27%	0.27%	New
31	DBX ETF TR XTRACK HRVST CSI ASHR	ASHR	25,000	$916.5k0.25%	0.25%	New
32	COMPANHIA DE SANEAMENTO BASI SPONSORED ADR SBS	SBS	151,610	$876.3k0.24%	0.24%	New
33	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP	RSP	3,000	$638.3k0.18%	0.18%	New
34	BRAZE INC COM CL A BRZE	BRZE	15,000	$325.4k0.09%	0.09%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
ISHARES TR EEM	EEM	2,064,273	$117.2m2.1m shares
ISHARES TR EFA	EFA	1,040,000	$101.0m1.0m shares
HOLOGIC INC HOLX	HOLX	1,206,999	$91.2m1.2m shares
ISHARES INC EWZ	EWZ	939,581	$36.1m939.6k shares
ISHARES INC EWC	EWC	550,000	$30.1m550.0k shares
ISHARES INC EWA	EWA	985,000	$27.3m985.0k shares
VANECK ETF TRUST EMLC	EMLC	888,281	$22.3m888.3k shares
APELLIS PHARMACEUTICALS INC APLS	APLS	450,000	$18.1m450.0k shares
MERCADOLIBRE INC MELI	MELI	9,716	$16.8m9.7k shares
CLEARWATER ANALYTICS HLDGS I		699,571	$16.5m699.6k shares
NU HLDGS LTD NU	NU	961,608	$13.8m961.6k shares
TERNS PHARMACEUTICALS INC		230,000	$12.1m230.0k shares
PAGSEGURO DIGITAL LTD PAGS	PAGS	1,175,125	$11.8m1.2m shares
XP INC XP	XP	584,578	$11.1m584.6k shares
GRUPO FINANCIERO GALICIA S.A GGAL	GGAL	168,677	$7.9m168.7k shares
ONESTREAM INC OS	OS	245,160	$5.9m245.2k shares
ISHARES INC EWY	EWY	43,500	$5.4m43.5k shares
JANUS HENDERSON GROUP PLC		92,718	$4.8m92.7k shares
MICRON TECHNOLOGY INC MU	MU	8,500	$2.9m8.5k shares
JPMORGAN CHASE & CO JPM	JPM	9,000	$2.6m9.0k shares
META PLATFORMS INC META	META	3,500	$2.0m3.5k shares
UDEMY INC UDMY	UDMY	357,200	$1.7m357.2k shares
LOMA NEGRA C I A S A MTN 14 LOMA	LOMA	147,436	$1.6m147.4k shares
STONECO LTD STNE	STNE	88,534	$1.3m88.5k shares
FS KKR CAP CORP FSK	FSK	115,000	$1.2m115.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
ISHARES INC EWZ · Call	EWZ	Call	8,500,000	$293.2m8.5m shares	Added
SELECT SECTOR SPDR TR XLF · Call	XLF	Call	4,285,000	$229.7m4.3m shares	New
ISHARES TR IJJ · Call	IJJ	Call	600,000	$62.3m600.0k shares	New
SPDR DOW JONES INDL AVERAGE DIA · Call	DIA	Call	70,000	$36.6m70.0k shares	New
INVESCO QQQ TR QQQ · Put	QQQ	Put	10,000	$7.4m10.0k shares	New
SPACE EXPLORATION TECHN CORP SPCX · Put	SPCX	Put	10,000	$1.7m10.0k shares	New
KKR & CO INC KKR · Call	KKR	Call	4,800	$440.5k4.8k shares	New