CapitalatWork S.A.

AUDERGHEM, C9 · CIK 2135126 · 13F filing filed 2026-08-07

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.

$3.1bn reported value +0.9% vs Q4 2024

82positions

41.9%in top 10

7 new 23 added 28 reduced 2 sold out vs Q4 2024

Options: 2 call positions ($7.3m notional), 0 put positions (— notional) – listed below, not included above.

This report includes the holdings of 1 other manager that shares the investment decisions:

CapitalatWork Foyer Group S.A. – no 13F of its own this quarter

Shares in two reports are counted once in each security's totals.

Holdings, Q1 2025

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	ALPHABET INC CAP STK CL C GOOG	GOOG	1,078,349	$168.5m5.47%	5.47%	Reduced -3.1k	-3,092 -0.3%
2	APOLLO GLOBAL MGMT INC COM APO	APO	1,047,672	$143.5m4.66%	4.66%	Reduced -176.2k	-176,175 -14.4%
3	UNITEDHEALTH GROUP INC COM UNH	UNH	269,943	$141.4m4.59%	4.59%	Reduced -1.5k	-1,474 -0.5%
4	SCHWAB CHARLES CORP COM SCHW	SCHW	1,736,485	$135.9m4.42%	4.42%	Reduced -3.8k	-3,774 -0.2%
5	COMCAST CORP NEW CL A CMCSA	CMCSA	3,628,204	$133.9m4.35%	4.35%	Added +74.0k	+74,023 2.1%
6	ORACLE CORP COM ORCL	ORCL	894,661	$125.1m4.06%	4.06%	Reduced -2.9k	-2,949 -0.3%
7	INTEL CORP COM INTC	INTC	5,051,067	$114.7m3.73%	3.73%	Added +16.5k	+16,544 0.3%
8	APPLIED MATLS INC COM AMAT	AMAT	768,503	$111.5m3.62%	3.62%	Added +12.4k	+12,355 1.6%
9	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	809,928	$107.1m3.48%	3.48%	Added +27.9k	+27,894 3.6%
10	BLACKROCK INC COM BLK	BLK	112,605	$106.6m3.46%	3.46%	Reduced -649	-649 -0.6%
11	AERCAP HOLDINGS NV SHS AER	AER	1,033,164	$105.6m3.43%	3.43%	Reduced -8.7k	-8,704 -0.8%
12	CHEVRON CORP NEW COM CVX	CVX	628,059	$105.1m3.41%	3.41%	Reduced -35.2k	-35,157 -5.3%
13	VISA INC COM CL A V	V	287,000	$100.6m3.27%	3.27%	Reduced -33.9k	-33,892 -10.6%
14	T-MOBILE US INC COM TMUS	TMUS	341,612	$91.1m2.96%	2.96%	Added +235	+235 0.1%
15	TRAVEL PLUS LEISURE CO COM TNL	TNL	1,883,788	$87.2m2.83%	2.83%	Reduced -5.0k	-5,008 -0.3%
16	LABCORP HOLDINGS INC COM SHS LH	LH	363,099	$84.5m2.75%	2.75%	Reduced -2.6k	-2,582 -0.7%
17	CHUBB LIMITED COM CB	CB	248,213	$75.0m2.44%	2.44%	New
18	EXXON MOBIL CORP COM XOM	XOM	624,403	$74.3m2.41%	2.41%	Reduced -8.9k	-8,890 -1.4%
19	VIPSHOP HLDGS LTD SPONSORED ADS A VIPS	VIPS	4,197,655	$65.8m2.14%	2.14%	Added +94.9k	+94,855 2.3%
20	TAKE-TWO INTERACTIVE SOFTWAR COM TTWO	TTWO	303,160	$62.8m2.04%	2.04%	Added +8.7k	+8,740 3.0%
21	FISERV INC COM FISV	FISV	282,226	$62.3m2.03%	2.03%	Reduced -34.0k	-33,967 -10.7%
22	AON PLC SHS CL A AON	AON	155,586	$62.1m2.02%	2.02%	Reduced -1.4k	-1,361 -0.9%
23	LAS VEGAS SANDS CORP COM LVS	LVS	1,510,699	$58.4m1.90%	1.90%	Added +12.4k	+12,402 0.8%
24	META PLATFORMS INC CL A META	META	91,232	$52.6m1.71%	1.71%	Added +3.4k	+3,417 3.9%
25	SALESFORCE INC COM CRM	CRM	189,615	$50.9m1.65%	1.65%	Added +29.7k	+29,689 18.6%
26	AIRBNB INC COM CL A ABNB	ABNB	400,169	$47.8m1.55%	1.55%	Added +40.6k	+40,562 11.3%
27	UBER TECHNOLOGIES INC COM UBER	UBER	653,650	$47.6m1.55%	1.55%	New
28	DEERE & CO COM DE	DE	96,307	$45.2m1.47%	1.47%	Reduced -16.3k	-16,300 -14.5%
29	ELECTRONIC ARTS INC COM EA	EA	282,200	$40.8m1.33%	1.33%	Added +4.2k	+4,250 1.5%
30	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	228,470	$39.4m1.28%	1.28%	Added +20.7k	+20,670 9.9%
31	ZIMMER BIOMET HOLDINGS INC COM ZBH	ZBH	338,087	$38.3m1.24%	1.24%	Added +2.2k	+2,200 0.7%
32	MICROSOFT CORP COM MSFT	MSFT	88,884	$33.4m1.08%	1.08%	Added +9.2k	+9,175 11.5%
33	ADOBE INC COM ADBE	ADBE	86,605	$33.2m1.08%	1.08%	Added +21.7k	+21,705 33.4%
34	BLACKSTONE INC COM BX	BX	234,113	$32.7m1.06%	1.06%	Reduced -106.6k	-106,584 -31.3%
35	NETFLIX INC COM NFLX	NFLX	34,450	$32.1m1.04%	1.04%	Reduced -3.9k	-3,900 -10.2%
36	DISNEY WALT CO COM DIS	DIS	282,026	$27.8m0.90%	0.90%	Added +1.1k	+1,050 0.4%
37	WYNDHAM HOTELS & RESORTS INC COM WH	WH	296,010	$26.8m0.87%	0.87%	Added +11.0k	+11,000 3.9%
38	GRAINGER W W INC COM GWW	GWW	22,165	$21.9m0.71%	0.71%	Added +250	+250 1.1%
39	ADVANCED MICRO DEVICES INC COM AMD	AMD	195,750	$20.1m0.65%	0.65%	Added +39.4k	+39,400 25.2%
40	DOCUSIGN INC COM DOCU	DOCU	192,400	$15.7m0.51%	0.51%	Added +15.4k	+15,400 8.7%
41	CORPAY INC COM SHS CPAY	CPAY	43,750	$15.3m0.50%	0.50%	New
42	NIKE INC CL B NKE	NKE	230,384	$14.6m0.48%	0.48%	Unchanged
43	TRIP COM GROUP LTD ADS TCOM	TCOM	226,922	$14.4m0.47%	0.47%	Added +10.8k	+10,750 5.0%
44	APPLE INC COM AAPL	AAPL	61,583	$13.7m0.44%	0.44%	Reduced -85.7k	-85,744 -58.2%
45	FREEPORT-MCMORAN INC CL B FCX	FCX	313,500	$11.9m0.39%	0.39%	Unchanged
46	AMAZON COM INC COM AMZN	AMZN	60,275	$11.5m0.37%	0.37%	Reduced -425	-425 -0.7%
47	CNH INDL N V SHS CNH	CNH	804,500	$9.9m0.32%	0.32%	Reduced -18.5k	-18,500 -2.2%
48	ROPER TECHNOLOGIES INC COM ROP	ROP	16,575	$9.8m0.32%	0.32%	Unchanged
49	ENPHASE ENERGY INC COM ENPH	ENPH	124,000	$7.7m0.25%	0.25%	Reduced -7.0k	-7,000 -5.3%
50	UNION PAC CORP COM UNP	UNP	30,350	$7.2m0.23%	0.23%	Unchanged
51	QUALCOMM INC COM QCOM	QCOM	36,600	$5.6m0.18%	0.18%	Reduced -15.0k	-15,000 -29.1%
52	NASDAQ INC COM NDAQ	NDAQ	53,376	$4.0m0.13%	0.13%	Reduced -170.7k	-170,700 -76.2%
53	GRUPO TELEVISA S A B SPON ADR REP ORD TV	TV	2,235,486	$3.9m0.13%	0.13%	Unchanged
54	NVIDIA CORPORATION COM · principal NVDA · principal	NVDA	27,500	$3.0m0.10%	0.10%	Reduced -4.0k	-4,000 -12.7%
55	BROADCOM INC COM AVGO	AVGO	14,800	$2.5m0.08%	0.08%	New
56	S&P GLOBAL INC COM SPGI	SPGI	3,800	$1.9m0.06%	0.06%	Reduced -4.5k	-4,450 -53.9%
57	SPDR GOLD TR GOLD SHS · principal GLD · principal	GLD	5,765	$1.7m0.05%	0.05%	Reduced -4.9k	-4,885 -45.9%
58	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	9,200	$1.5m0.05%	0.05%	New
59	PALO ALTO NETWORKS INC COM · principal PANW · principal	PANW	7,950	$1.4m0.04%	0.04%	Unchanged
60	SYNOPSYS INC COM SNPS	SNPS	2,505	$1.1m0.03%	0.03%	Unchanged
61	MERCADOLIBRE INC COM MELI	MELI	500	$975.0k0.03%	0.03%	New
62	LINDE PLC SHS · principal LIN · principal	LIN	1,729	$805.0k0.03%	0.03%	Unchanged
63	BERKSHIRE HATHAWAY INC DEL CL B NEW · principal BRK.B · principal	BRK.B	1,286	$685.0k0.02%	0.02%	Unchanged
64	NOVO-NORDISK A S ADR · principal NVO · principal	NVO	7,500	$521.0k0.02%	0.02%	Added +2.5k	+2,500 50.0%
65	SPROTT ASSET MANAGEMENT LP TR UNIT · principal CEF · principal	CEF	16,555	$470.0k0.02%	0.02%	Reduced -40.0k	-40,000 -70.7%
66	JPMORGAN CHASE & CO COM · principal JPM · principal	JPM	1,655	$406.0k0.01%	0.01%	Unchanged
67	DELTA AIR LINES INC DEL COM NEW · principal DAL · principal	DAL	8,200	$358.0k0.01%	0.01%	Unchanged
68	PFIZER INC COM · principal PFE · principal	PFE	13,657	$346.0k0.01%	0.01%	Unchanged
69	INTERNATIONAL GAME TECHNOLOG SHS USD · principal BRSL · principal	BRSL	12,550	$204.0k0.01%	0.01%	Unchanged
70	NXP SEMICONDUCTORS N V COM · principal NXPI · principal	NXPI	1,028	$195.0k0.01%	0.01%	Unchanged
71	VANECK ETF TRUST GOLD MINERS ETF · principal GDX · principal	GDX	4,055	$186.0k0.01%	0.01%	Unchanged
72	ALPHABET INC CAP STK CL A · principal GOOGL · principal	GOOGL	1,183	$183.0k0.01%	0.01%	Unchanged
73	MERCK & CO INC COM · principal MRK · principal	MRK	1,950	$175.0k0.01%	0.01%	Unchanged
74	VANECK ETF TRUST JUNIOR GOLD MINE · principal GDXJ · principal	GDXJ	2,810	$161.0k0.01%	0.01%	Reduced -495	-495 -15.0%
75	JOHNSON & JOHNSON COM · principal JNJ · principal	JNJ	800	$133.0k0.00%	0.00%	Unchanged
76	AMGEN INC COM · principal AMGN · principal	AMGN	375	$117.0k0.00%	0.00%	Unchanged
77	TSS INC DEL COM · principal TSSI · principal	TSSI	10,000	$78.0k0.00%	0.00%	New
78	CISCO SYS INC COM · principal CSCO · principal	CSCO	600	$37.0k0.00%	0.00%	Unchanged
79	SPDR INDEX SHS FDS S&P EMKTSC ETF · principal EWX · principal	EWX	445	$25.0k0.00%	0.00%	Unchanged
80	SCHWAB STRATEGIC TR FUNDAMENTAL EMER · principal FNDE · principal	FNDE	795	$24.0k0.00%	0.00%	Unchanged
81	ISHARES TR MSCI EMG MKT ETF · principal EEM · principal	EEM	445	$19.0k0.00%	0.00%	Unchanged
82	VANECK ETF TRUST VANECK VIETNAM · principal VNM · principal	VNM	1,500	$19.0k0.00%	0.00%	Unchanged

Sold out since Q4 2024

Security	Ticker	Shares held before	Value then
ACCENTURE PLC IRELAND ACN	ACN	3,670	$1.3m3.7k shares
PALANTIR TECHNOLOGIES INC PLTR	PLTR	10,000	$756.0k10.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
NVIDIA CORPORATION NVDA · Call	NVDA	Call	46,000	$5.0m46.0k shares	Reduced
INTEL CORP INTC · Call	INTC	Call	100,000	$2.3m100.0k shares	Reduced