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.

$3.3bn reported value +6.5% vs Q1 2025

81positions

43.8%in top 10

3 new 28 added 32 reduced 4 sold out vs Q1 2025

Options: 0 call positions (— notional), 4 put positions ($16.5m 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, Q2 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	1,087,319	$192.9m5.89%	5.89%	Added +9.0k	+8,970 0.8%
2	ORACLE CORP COM ORCL	ORCL	858,702	$187.7m5.73%	5.73%	Reduced -36.0k	-35,959 -4.0%
3	APOLLO GLOBAL MGMT INC COM APO	APO	1,236,781	$175.5m5.35%	5.35%	Added +189.1k	+189,109 18.1%
4	SCHWAB CHARLES CORP COM SCHW	SCHW	1,688,649	$154.1m4.70%	4.70%	Reduced -47.8k	-47,836 -2.8%
5	APPLIED MATLS INC COM AMAT	AMAT	806,659	$147.7m4.51%	4.51%	Added +38.2k	+38,156 5.0%
6	COMCAST CORP NEW CL A CMCSA	CMCSA	3,605,343	$128.7m3.93%	3.93%	Reduced -22.9k	-22,861 -0.6%
7	AERCAP HOLDINGS NV SHS AER	AER	1,031,062	$120.6m3.68%	3.68%	Reduced -2.1k	-2,102 -0.2%
8	BLACKROCK INC COM BLK	BLK	113,066	$118.6m3.62%	3.62%	Added +461	+461 0.4%
9	INTEL CORP COM INTC	INTC	5,066,126	$113.5m3.46%	3.46%	Added +15.1k	+15,059 0.3%
10	LABCORP HOLDINGS INC COM SHS LH	LH	366,691	$96.3m2.94%	2.94%	Added +3.6k	+3,592 1.0%
11	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	820,115	$93.0m2.84%	2.84%	Added +10.2k	+10,187 1.3%
12	TRAVEL PLUS LEISURE CO COM TNL	TNL	1,801,186	$93.0m2.84%	2.84%	Reduced -82.6k	-82,602 -4.4%
13	CHEVRON CORP NEW COM CVX	CVX	618,077	$88.5m2.70%	2.70%	Reduced -10.0k	-9,982 -1.6%
14	VISA INC COM CL A V	V	239,199	$84.9m2.59%	2.59%	Reduced -47.8k	-47,801 -16.7%
15	CHUBB LIMITED COM CB	CB	288,230	$83.5m2.55%	2.55%	Added +40.0k	+40,017 16.1%
16	T-MOBILE US INC COM TMUS	TMUS	350,265	$83.5m2.55%	2.55%	Added +8.7k	+8,653 2.5%
17	UBER TECHNOLOGIES INC COM UBER	UBER	809,853	$75.6m2.31%	2.31%	Added +156.2k	+156,203 23.9%
18	META PLATFORMS INC CL A META	META	101,387	$74.8m2.28%	2.28%	Added +10.2k	+10,155 11.1%
19	TAKE-TWO INTERACTIVE SOFTWAR COM TTWO	TTWO	288,360	$70.0m2.14%	2.14%	Reduced -14.8k	-14,800 -4.9%
20	LAS VEGAS SANDS CORP COM LVS	LVS	1,533,946	$66.7m2.04%	2.04%	Added +23.2k	+23,247 1.5%
21	EXXON MOBIL CORP COM XOM	XOM	616,209	$66.4m2.03%	2.03%	Reduced -8.2k	-8,194 -1.3%
22	VIPSHOP HLDGS LTD SPONSORED ADS A VIPS	VIPS	4,258,672	$64.1m1.96%	1.96%	Added +61.0k	+61,017 1.4%
23	AON PLC SHS CL A AON	AON	178,725	$63.8m1.95%	1.95%	Added +23.1k	+23,139 14.9%
24	AIRBNB INC COM CL A ABNB	ABNB	462,906	$61.3m1.87%	1.87%	Added +62.7k	+62,737 15.7%
25	SALESFORCE INC COM CRM	CRM	218,554	$59.6m1.82%	1.82%	Added +28.9k	+28,939 15.3%
26	FISERV INC COM FISV	FISV	275,624	$47.5m1.45%	1.45%	Reduced -6.6k	-6,602 -2.3%
27	DEERE & CO COM DE	DE	92,227	$46.9m1.43%	1.43%	Reduced -4.1k	-4,080 -4.2%
28	ELECTRONIC ARTS INC COM EA	EA	290,000	$46.3m1.41%	1.41%	Added +7.8k	+7,800 2.8%
29	ADOBE INC COM ADBE	ADBE	113,635	$44.0m1.34%	1.34%	Added +27.0k	+27,030 31.2%
30	NETFLIX INC COM NFLX	NFLX	32,418	$43.4m1.32%	1.32%	Reduced -2.0k	-2,032 -5.9%
31	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	232,417	$42.6m1.30%	1.30%	Added +3.9k	+3,947 1.7%
32	MICROSOFT CORP COM MSFT	MSFT	82,012	$40.8m1.24%	1.24%	Reduced -6.9k	-6,872 -7.7%
33	UNITEDHEALTH GROUP INC COM UNH	UNH	120,859	$37.7m1.15%	1.15%	Reduced -149.1k	-149,084 -55.2%
34	BLACKSTONE INC COM BX	BX	227,094	$34.0m1.04%	1.04%	Reduced -7.0k	-7,019 -3.0%
35	DISNEY WALT CO COM DIS	DIS	267,576	$33.2m1.01%	1.01%	Reduced -14.4k	-14,450 -5.1%
36	ZIMMER BIOMET HOLDINGS INC COM ZBH	ZBH	331,087	$30.2m0.92%	0.92%	Reduced -7.0k	-7,000 -2.1%
37	WYNDHAM HOTELS & RESORTS INC COM WH	WH	359,410	$29.2m0.89%	0.89%	Added +63.4k	+63,400 21.4%
38	ADVANCED MICRO DEVICES INC COM AMD	AMD	202,550	$28.7m0.88%	0.88%	Added +6.8k	+6,800 3.5%
39	GRAINGER W W INC COM GWW	GWW	21,580	$22.4m0.69%	0.69%	Reduced -585	-585 -2.6%
40	CORPAY INC COM SHS CPAY	CPAY	54,775	$18.2m0.55%	0.55%	Added +11.0k	+11,025 25.2%
41	DOCUSIGN INC COM DOCU	DOCU	215,800	$16.8m0.51%	0.51%	Added +23.4k	+23,400 12.2%
42	NVIDIA CORPORATION COM NVDA	NVDA	99,300	$15.7m0.48%	0.48%	New
43	NIKE INC CL B NKE	NKE	218,384	$15.5m0.47%	0.47%	Reduced -12.0k	-12,000 -5.2%
44	TRIP COM GROUP LTD ADS TCOM	TCOM	224,272	$13.2m0.40%	0.40%	Reduced -2.6k	-2,650 -1.2%
45	APPLE INC COM AAPL	AAPL	60,840	$12.5m0.38%	0.38%	Reduced -743	-743 -1.2%
46	FREEPORT-MCMORAN INC CL B FCX	FCX	277,500	$12.0m0.37%	0.37%	Reduced -36.0k	-36,000 -11.5%
47	AMAZON COM INC COM AMZN	AMZN	47,700	$10.5m0.32%	0.32%	Reduced -12.6k	-12,575 -20.9%
48	CNH INDL N V SHS CNH	CNH	772,000	$10.0m0.31%	0.31%	Reduced -32.5k	-32,500 -4.0%
49	ROPER TECHNOLOGIES INC COM ROP	ROP	16,575	$9.4m0.29%	0.29%	Unchanged
50	BROADCOM INC COM AVGO	AVGO	29,800	$8.2m0.25%	0.25%	Added +15.0k	+15,000 101.3%
51	QUALCOMM INC COM QCOM	QCOM	45,600	$7.3m0.22%	0.22%	Added +9.0k	+9,000 24.6%
52	UNION PAC CORP COM UNP	UNP	30,750	$7.1m0.22%	0.22%	Added +400	+400 1.3%
53	INTUIT COM INTU	INTU	7,700	$6.1m0.19%	0.19%	New
54	GRUPO TELEVISA S A B SPON ADR REP ORD TV	TV	2,167,066	$4.7m0.14%	0.14%	Reduced -68.4k	-68,420 -3.1%
55	NASDAQ INC COM NDAQ	NDAQ	51,376	$4.6m0.14%	0.14%	Reduced -2.0k	-2,000 -3.8%
56	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	15,170	$3.4m0.10%	0.10%	Added +6.0k	+5,970 64.9%
57	S&P GLOBAL INC COM SPGI	SPGI	3,800	$2.0m0.06%	0.06%	Unchanged
58	SPDR GOLD TR GOLD SHS · principal GLD · principal	GLD	5,415	$1.7m0.05%	0.05%	Reduced -350	-350 -6.1%
59	MERCADOLIBRE INC COM MELI	MELI	500	$1.3m0.04%	0.04%	Unchanged
60	PALO ALTO NETWORKS INC COM · principal PANW · principal	PANW	4,000	$819.0k0.02%	0.02%	Reduced -4.0k	-3,950 -49.7%
61	LINDE PLC SHS · principal LIN · principal	LIN	1,396	$655.0k0.02%	0.02%	Reduced -333	-333 -19.3%
62	SPROTT ASSET MANAGEMENT LP TR UNIT · principal CEF · principal	CEF	18,455	$555.0k0.02%	0.02%	Added +1.9k	+1,900 11.5%
63	SYNOPSYS INC COM · principal SNPS · principal	SNPS	1,055	$541.0k0.02%	0.02%	New
64	JPMORGAN CHASE & CO COM · principal JPM · principal	JPM	1,655	$480.0k0.01%	0.01%	Unchanged
65	DELTA AIR LINES INC DEL COM NEW · principal DAL · principal	DAL	8,200	$403.0k0.01%	0.01%	Unchanged
66	PFIZER INC COM · principal PFE · principal	PFE	13,657	$331.0k0.01%	0.01%	Unchanged
67	TSS INC DEL COM · principal TSSI · principal	TSSI	10,000	$288.0k0.01%	0.01%	Unchanged
68	NXP SEMICONDUCTORS N V COM · principal NXPI · principal	NXPI	1,028	$225.0k0.01%	0.01%	Unchanged
69	VANECK ETF TRUST GOLD MINERS ETF · principal GDX · principal	GDX	4,010	$209.0k0.01%	0.01%	Reduced -45	-45 -1.1%
70	ALPHABET INC CAP STK CL A · principal GOOGL · principal	GOOGL	1,183	$208.0k0.01%	0.01%	Unchanged
71	INTERNATIONAL GAME TECHNOLOG SHS USD · principal BRSL · principal	BRSL	12,550	$198.0k0.01%	0.01%	Unchanged
72	VANECK ETF TRUST JUNIOR GOLD MINE · principal GDXJ · principal	GDXJ	2,500	$169.0k0.01%	0.01%	Reduced -310	-310 -11.0%
73	MERCK & CO INC COM · principal MRK · principal	MRK	1,950	$154.0k0.00%	0.00%	Unchanged
74	JOHNSON & JOHNSON COM · principal JNJ · principal	JNJ	800	$122.0k0.00%	0.00%	Unchanged
75	AMGEN INC COM · principal AMGN · principal	AMGN	375	$105.0k0.00%	0.00%	Unchanged
76	CISCO SYS INC COM · principal CSCO · principal	CSCO	600	$42.0k0.00%	0.00%	Unchanged
77	BERKSHIRE HATHAWAY INC DEL CL B NEW · principal BRK.B · principal	BRK.B	69	$34.0k0.00%	0.00%	Reduced -1.2k	-1,217 -94.6%
78	SPDR INDEX SHS FDS S&P EMKTSC ETF · principal EWX · principal	EWX	445	$28.0k0.00%	0.00%	Unchanged
79	SCHWAB STRATEGIC TR FUNDAMENTAL EMER · principal FNDE · principal	FNDE	795	$26.0k0.00%	0.00%	Unchanged
80	ISHARES TR MSCI EMG MKT ETF · principal EEM · principal	EEM	445	$21.0k0.00%	0.00%	Unchanged
81	VANECK ETF TRUST VANECK VIETNAM · principal VNM · principal	VNM	1,500	$21.0k0.00%	0.00%	Unchanged

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
ENPHASE ENERGY INC ENPH	ENPH	124,000	$7.7m124.0k shares
NVIDIA CORPORATION NVDA	NVDA	27,500	$3.0m27.5k shares
SYNOPSYS INC SNPS	SNPS	2,505	$1.1m2.5k shares
NOVO-NORDISK A S NVO	NVO	7,500	$521.0k7.5k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
MICROSOFT CORP MSFT · Put	MSFT	Put	20,000	$9.9m20.0k shares	New
ORACLE CORP ORCL · Put	ORCL	Put	15,000	$3.3m15.0k shares	New
ADVANCED MICRO DEVICES INC AMD · Put	AMD	Put	15,000	$2.1m15.0k shares	New
TAIWAN SEMICONDUCTOR MFG LTD TSM · Put	TSM	Put	5,000	$1.1m5.0k shares	New