BW Gestao de Investimentos Ltda.

13F filer · CIK 0001568280

Reported Aug 14, 2026

Net buyer this quarter

13F portfolio value$5.05BU.S. long equity reported on 13F

Positions286133 new · 93 closed

Net flow last quarter+$1.14BBuys minus sells

Top 10 positions weight26.8%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Aug 14, 2026286 positions
SPYSPDR S&P 500 ETF Trust	$917M	18.15%	Not reported	Not reported	Q3 2018
SPCXSpace Exploration Technologies Corp	$100M	1.99%	Not reported	New	Q2 2026
RBARB Global Inc.	$57.6M	1.14%	0.27%	-31.7%	Q2 2023
THCTenet Healthcare Corp	$52.3M	1.04%	0.32%	-12.7%	Q1 2022
MUMicron Technology Inc	$45.3M	0.90%	0.00%	Not reported	Q3 2024
MSFTMicrosoft Corp	$43.3M	0.86%	0.00%	+123.8%	Q4 2013
ECLEcolab Inc.	$40.4M	0.80%	0.05%	+75.9%	Q4 2013
AMZNAmazon Com Inc	$34.9M	0.69%	0.00%	+176.9%	Q4 2014
ECHOEchoStar CORP	$32.6M	0.64%	0.67%	-5.8%	Q3 2014
GOOGAlphabet Inc.	$31.8M	0.63%	Not reported	Not reported	Q4 2015
ASMLAsml Holding NV	$29.8M	0.59%	0.00%	New	Q2 2026
MDLNMedline Inc.	$27.2M	0.54%	Not reported	+56.8%	Q4 2025
BXBlackstone Inc.	$25.4M	0.50%	0.03%	+10.5%	Q3 2021
GNRCGenerac Holdings Inc.	$24.2M	0.48%	0.14%	New	Q2 2026
CENXCentury Aluminum Co	$24.1M	0.48%	0.53%	+69.4%	Q3 2025
SHWSherwin Williams Co	$23.6M	0.47%	0.03%	-11.9%	Q1 2018
PHParker-Hannifin Corp	$23.5M	0.47%	0.02%	+14.0%	Q4 2024
NTNXNutanix, Inc.	$23M	0.45%	0.17%	-28.4%	Q1 2022
AAPLApple Inc.	$22.4M	0.44%	0.00%	+16.7%	Q4 2013
CLVTClarivate PLC	$21.7M	0.43%	1.57%	+69.5%	Q3 2024
XELXcel Energy Inc	$20.6M	0.41%	0.04%	+4.9%	Q4 2024
EDConsolidated Edison Inc	$18.8M	0.37%	0.05%	+4.4%	Q4 2025
GLWCorning Inc	$18.6M	0.37%	0.01%	Not reported	Q4 2013
SOSouthern Co	$18.5M	0.37%	0.02%	-7.4%	Q1 2024
MOSMosaic Co	$18.5M	0.37%	0.27%	New	Q2 2026
AMDAdvanced Micro Devices Inc	$18M	0.36%	0.00%	+31.0%	Q2 2025
FPSForgent Power Solutions, Inc.	$17.9M	0.35%	Not reported	-40.6%	Q1 2026
AEPAmerican Electric Power Co Inc	$17.6M	0.35%	0.02%	-16.2%	Q4 2025
CNPCenterpoint Energy Inc	$16.9M	0.34%	0.06%	+4.0%	Q4 2025
COFCapital One Financial Corp	$16.7M	0.33%	0.01%	+64.4%	Q4 2025
WMBWilliams Companies, Inc.	$16.5M	0.33%	0.02%	+0.7%	Q4 2016
TKRTimken Co	$16M	0.32%	0.16%	+57.4%	Q4 2025
BKHBlack Hills Corp	$16M	0.32%	0.28%	+64.8%	Q4 2025
DDOGDatadog, Inc.	$15.9M	0.31%	0.08%	+76.0%	Q1 2026
USBUS Bancorp \de\	$15.5M	0.31%	0.02%	Not reported	Q4 2013
RXTRackspace Technology, Inc.	$15.3M	0.30%	0.93%	New	Q2 2026
BKUBankUnited, Inc.	$15.3M	0.30%	0.44%	+16.7%	Q3 2017
ETREntergy Corp	$15.2M	0.30%	0.03%	Not reported	Q4 2024
FLGFlagstar Bank, National Association	$15.2M	0.30%	0.24%	+7.4%	Q4 2025
AAPAdvance Auto Parts Inc	$15.2M	0.30%	0.40%	Not reported	Q2 2024
CBRSCerebras Systems Inc.	$15M	0.30%	Not reported	New	Q2 2026
SNSharkNinja, Inc.	$14.7M	0.29%	0.07%	-8.5%	Q4 2025
IDAIdacorp Inc	$14.5M	0.29%	0.17%	-4.0%	Q4 2025
MWHSOLV Energy, Inc.	$14.3M	0.28%	Not reported	+738.4%	Q1 2026
NUENucor Corp	$14.2M	0.28%	0.03%	+219.0%	Q1 2017
WFCWells Fargo & Company	$14.1M	0.28%	0.01%	Not reported	Q4 2013
FIXComfort Systems USA Inc	$13.7M	0.27%	0.02%	-50.8%	Q1 2026
PPLPPL Corp	$13.5M	0.27%	0.05%	Not reported	Q4 2024
VGVenture Global, Inc.	$13.4M	0.27%	Not reported	+12.4%	Q1 2026
GILGildan Activewear Inc.	$13.3M	0.26%	0.14%	+15.2%	Q1 2024

Q1 2026Reported Apr 28, 2026246 positions
RBARB Global Inc.	$69.5M	2.31%	0.39%	-7.7%	Q2 2023
THCTenet Healthcare Corp	$60.5M	2.01%	0.37%	-10.3%	Q1 2022
ECHOEchoStar CORP	$39.9M	1.32%	0.71%	+31.0%	Q3 2014
SOCSable Offshore Corp.	$35.2M	1.17%	1.42%	+45.1%	Q4 2025
AVGOBroadcom Inc.	$30.9M	1.03%	0.00%	+399.5%	Q4 2024
AALAmerican Airlines Group Inc.	$26.5M	0.88%	0.37%	+307.9%	Q3 2024
SHWSherwin Williams Co	$25M	0.83%	0.03%	+41.0%	Q1 2018
NTNXNutanix, Inc.	$23.9M	0.80%	0.24%	-5.1%	Q1 2022
BXBlackstone Inc.	$22.5M	0.75%	0.03%	+31.5%	Q3 2021
ECLEcolab Inc.	$21.9M	0.73%	0.03%	-31.8%	Q4 2013
DKSDick'S Sporting Goods, Inc.	$21.5M	0.71%	0.12%	+4.2%	Q4 2018
CPRICapri Holdings Ltd	$21.1M	0.70%	1.04%	-5.5%	Q1 2024
SOSouthern Co	$20.2M	0.67%	0.02%	Not reported	Q1 2024
AEPAmerican Electric Power Co Inc	$20.1M	0.67%	0.03%	-9.8%	Q4 2025
AAAlcoa Corp	$20.1M	0.67%	0.11%	+290.4%	Q4 2017
MDLNMedline Inc.	$19.6M	0.65%	Not reported	+193.3%	Q4 2025
XELXcel Energy Inc	$19.4M	0.64%	0.04%	+0.7%	Q4 2024
FIXComfort Systems USA Inc	$19.3M	0.64%	0.04%	New	Q1 2026
MSFTMicrosoft Corp	$19.2M	0.64%	0.00%	+72.8%	Q4 2013
ROSTRoss Stores, Inc.	$19M	0.63%	0.03%	+1025.0%	Q4 2025
PHParker-Hannifin Corp	$18.9M	0.63%	0.02%	+53.7%	Q4 2024
TLNTalen Energy Corp	$18.8M	0.63%	0.13%	+1.6%	Q4 2024
EDConsolidated Edison Inc	$18.5M	0.61%	0.05%	-10.0%	Q4 2025
GLOBGlobant S.A.	$18.2M	0.61%	0.90%	+10.0%	Q3 2024
PATHUiPath, Inc.	$18.2M	0.60%	Not reported	-46.0%	Q2 2025
CENXCentury Aluminum Co	$18.1M	0.60%	0.31%	+68.1%	Q3 2025
PAASPan American Silver Corp	$17.3M	0.57%	0.08%	+102.7%	Q2 2025
FCXFreeport-Mcmoran Inc	$17M	0.57%	0.02%	+40.1%	Q1 2017
VGVenture Global, Inc.	$16.9M	0.56%	Not reported	New	Q1 2026
AAPLApple Inc.	$16.9M	0.56%	0.00%	+98.4%	Q4 2013
SLViShares Silver Trust	$16.4M	0.54%	0.04%	New	Q1 2026
WMBWilliams Companies, Inc.	$16M	0.53%	0.02%	Not reported	Q4 2016
CNPCenterpoint Energy Inc	$16M	0.53%	0.06%	+72.7%	Q4 2025
FPSForgent Power Solutions, Inc.	$15.8M	0.53%	Not reported	New	Q1 2026
AMRZAmrize Ltd	$15.8M	0.52%	0.05%	+114.0%	Q4 2025
ZIONZions Bancorporation, National Association	$15.3M	0.51%	0.18%	New	Q1 2026
CLVTClarivate PLC	$15M	0.50%	0.93%	+36.3%	Q3 2024
SWXSouthwest Gas Holdings, Inc.	$14.4M	0.48%	0.23%	-5.5%	Q4 2025
IDAIdacorp Inc	$14.2M	0.47%	0.18%	+9.7%	Q4 2025
WBDWarner Bros. Discovery, Inc.	$14.2M	0.47%	0.02%	+24.0%	Q2 2022
PLNTPlanet Fitness, Inc.	$14.1M	0.47%	189638.00%	+27.7%	Q2 2024
UGIUgi Corp	$13.8M	0.46%	0.18%	-5.9%	Q4 2025
IFFInternational Flavors & Fragrances Inc	$13.1M	0.43%	0.07%	-29.1%	Q4 2022
HTOH2o America	$13M	0.43%	0.53%	+172.1%	Q4 2025
NRGNRG Energy, Inc.	$12.8M	0.43%	0.04%	-43.8%	Q2 2025
FLGFlagstar Bank, National Association	$12.5M	0.42%	0.23%	-5.0%	Q4 2025
GILGildan Activewear Inc.	$12.5M	0.42%	0.12%	+240.7%	Q1 2024
BKUBankUnited, Inc.	$12.2M	0.41%	0.37%	+54.3%	Q3 2017
UALUnited Airlines Holdings, Inc.	$12.2M	0.41%	0.04%	+76.5%	Q3 2024
NETCloudflare, Inc.	$12.1M	0.40%	Not reported	Not reported	Q1 2020

Q4 2025Reported Feb 10, 2026176 positions
RBARB Global Inc.	$80.9M	1.82%	0.42%	+14.6%	Q2 2023
THCTenet Healthcare Corp	$71M	1.60%	0.41%	-14.5%	Q1 2022
PATHUiPath, Inc.	$49.7M	1.12%	Not reported	-18.3%	Q2 2025
FOURShift4 Payments, Inc.	$43.4M	0.98%	0.83%	+9.0%	Q3 2024
MUMicron Technology Inc	$39.9M	0.90%	0.01%	Not reported	Q3 2024
NTNXNutanix, Inc.	$34.3M	0.77%	0.25%	+19.1%	Q1 2022
ECLEcolab Inc.	$31.7M	0.72%	0.04%	+2.5%	Q4 2013
CPRICapri Holdings Ltd	$30.9M	0.70%	1.06%	Not reported	Q1 2024
ECHOEchoStar CORP	$28.2M	0.64%	0.55%	Not reported	Q3 2014
COFCapital One Financial Corp	$26.1M	0.59%	0.02%	New	Q4 2025
NRGNRG Energy, Inc.	$24.8M	0.56%	0.08%	+94.9%	Q2 2025
GLOBGlobant S.A.	$23.5M	0.53%	0.82%	-5.9%	Q3 2024
FTAIFTAI Aviation Ltd.	$23.1M	0.52%	0.11%	-3.5%	Q2 2025
BXBlackstone Inc.	$22.9M	0.52%	0.02%	+345.0%	Q3 2021
TLNTalen Energy Corp	$21.8M	0.49%	0.13%	Not reported	Q4 2024
CCJCameco Corp	$21.3M	0.48%	0.05%	+72.6%	Q4 2024
DKSDick'S Sporting Goods, Inc.	$20.6M	0.46%	0.11%	-0.4%	Q4 2018
LINLinde PLC	$20.5M	0.46%	0.01%	Not reported	Q2 2023
AEPAmerican Electric Power Co Inc	$19.6M	0.44%	0.03%	New	Q4 2025
SQMChemical & Mining Co of Chile Inc	$19.5M	0.44%	0.11%	New	Q4 2025
ALBAlbemarle Corp	$18.7M	0.42%	0.11%	+181.8%	Q1 2024
JPMJPMorgan Chase & Co	$18.1M	0.41%	0.00%	Not reported	Q4 2013
EDConsolidated Edison Inc	$18M	0.41%	0.05%	New	Q4 2025
XELXcel Energy Inc	$17.9M	0.40%	0.04%	Not reported	Q4 2024
SHWSherwin Williams Co	$17.9M	0.40%	0.02%	+606.6%	Q1 2018
BACBank of America Corp	$17.9M	0.40%	0.00%	Not reported	Q2 2015
PRGOPERRIGO Co plc	$17.8M	0.40%	0.93%	-19.3%	Q3 2024
HBANHuntington Bancshares Inc	$17.7M	0.40%	0.07%	New	Q4 2025
BIRKBirkenstock Holding plc	$17.4M	0.39%	0.23%	-16.1%	Q1 2024
IFFInternational Flavors & Fragrances Inc	$17.1M	0.39%	0.10%	+18.0%	Q4 2022
SRESempra	$16.6M	0.38%	0.03%	Not reported	Q4 2024
EXEEXPAND ENERGY Corp	$16.2M	0.37%	0.06%	-30.9%	Q4 2024
PLNTPlanet Fitness, Inc.	$16.1M	0.36%	148552.00%	+29.1%	Q2 2024
EVRGEvergy, Inc.	$16M	0.36%	0.10%	New	Q4 2025
CVSCVS HEALTH Corp	$15.9M	0.36%	0.02%	-35.5%	Q3 2018
ALITAlight, Inc. / Delaware	$15.7M	0.35%	1.80%	-11.1%	Q4 2024
FEFirstenergy Corp	$15.2M	0.34%	0.06%	New	Q4 2025
UGIUgi Corp	$15M	0.34%	0.19%	New	Q4 2025
PCGPG&E Corp	$14.9M	0.34%	0.04%	New	Q4 2025
SOLSSolstice Advanced Materials Inc.	$14.8M	0.33%	0.19%	New	Q4 2025
EVEXEve Holding, Inc.	$14.7M	0.33%	1.06%	+49.7%	Q3 2025
CLVTClarivate PLC	$14.5M	0.33%	0.68%	+51.7%	Q3 2024
MSFTMicrosoft Corp	$14.5M	0.33%	0.00%	+35.9%	Q4 2013
SWXSouthwest Gas Holdings, Inc.	$14M	0.32%	0.24%	New	Q4 2025
EQTEQT Corp	$13.7M	0.31%	0.04%	-23.2%	Q4 2016
NXTNextpower Inc.	$13.6M	0.31%	0.11%	New	Q4 2025
BBarrick Mining Corp	$13.3M	0.30%	0.02%	+206.0%	Q3 2025
SOCSable Offshore Corp.	$13.2M	0.30%	1.01%	New	Q4 2025
ETREntergy Corp	$13.1M	0.30%	0.03%	Not reported	Q4 2024
LITELumentum Holdings Inc.	$12.9M	0.29%	0.05%	New	Q4 2025

Q3 2025Reported Nov 13, 202591 positions
THCTenet Healthcare Corp	$84.9M	3.71%	0.47%	-2.8%	Q1 2022
RBARB Global Inc.	$74.3M	3.25%	0.37%	-8.0%	Q2 2023
PATHUiPath, Inc.	$49.7M	2.17%	Not reported	+239.9%	Q2 2025
FOURShift4 Payments, Inc.	$49M	2.14%	0.76%	+50.0%	Q3 2024
NTNXNutanix, Inc.	$41.4M	1.81%	0.21%	+9.5%	Q1 2022
PRGOPERRIGO Co plc	$35.2M	1.54%	1.15%	+7.7%	Q3 2024
ECLEcolab Inc.	$32.3M	1.41%	0.04%	-7.6%	Q4 2013
ALITAlight, Inc. / Delaware	$29.6M	1.29%	2.03%	+81.7%	Q4 2024
CPRICapri Holdings Ltd	$25.2M	1.10%	1.06%	+3.2%	Q1 2024
CVSCVS HEALTH Corp	$23.4M	1.02%	0.02%	+47.6%	Q3 2018
DKSDick'S Sporting Goods, Inc.	$23.2M	1.01%	0.11%	Not reported	Q4 2018
BIRKBirkenstock Holding plc	$22.9M	1.00%	0.27%	-4.6%	Q1 2024
AAAlcoa Corp	$22.7M	0.99%	0.27%	Not reported	Q4 2017
EXEEXPAND ENERGY Corp	$22.5M	0.99%	0.09%	+365.5%	Q4 2024
GLOBGlobant S.A.	$21.9M	0.96%	0.87%	-10.7%	Q3 2024
OCOwens Corning	$20.4M	0.89%	0.17%	New	Q3 2025
FTAIFTAI Aviation Ltd.	$20.2M	0.89%	0.12%	+90.8%	Q2 2025
VRNSVaronis Systems Inc	$18.4M	0.80%	0.27%	New	Q3 2025
EQTEQT Corp	$18.1M	0.79%	0.05%	+250.5%	Q4 2016
WIXWix.com Ltd.	$15.6M	0.68%	0.16%	New	Q3 2025
GFRGreenfire Resources Ltd.	$15.1M	0.66%	4.69%	-0.8%	Q2 2024
AERAerCap Holdings N.V.	$14.6M	0.64%	0.07%	-37.6%	Q1 2024
TECKTeck Resources Ltd	$14.2M	0.62%	Not reported	Not reported	Q1 2017
PENNPENN Entertainment, Inc.	$14M	0.61%	0.50%	Not reported	Q2 2025
KVUEKenvue Inc.	$13.3M	0.58%	0.04%	New	Q3 2025
IFFInternational Flavors & Fragrances Inc	$13.3M	0.58%	0.08%	+68.1%	Q4 2022
NRGNRG Energy, Inc.	$13M	0.57%	0.04%	-47.4%	Q2 2025
NOGNorthern Oil & Gas, Inc.	$12.8M	0.56%	0.53%	Not reported	Q2 2025
CINTCI&T Inc	$12.6M	0.55%	10.90%	-14.9%	Q1 2024
AMTMAmentum Holdings, Inc.	$12.2M	0.54%	0.21%	-28.5%	Q2 2025
PLNTPlanet Fitness, Inc.	$11.9M	0.52%	115061.00%	+35.3%	Q2 2024
GTGoodyear Tire & Rubber Co	$11.7M	0.51%	0.55%	-25.5%	Q4 2024
MSFTMicrosoft Corp	$11.4M	0.50%	0.00%	-60.4%	Q4 2013
CCJCameco Corp	$11.3M	0.50%	0.03%	+237.5%	Q4 2024
CLVTClarivate PLC	$11M	0.48%	0.43%	Not reported	Q3 2024
JEFJefferies Financial Group Inc.	$10.5M	0.46%	0.08%	+110.5%	Q2 2025
EATBrinker International, Inc	$10.1M	0.44%	0.18%	+250.9%	Q2 2025
TERTeradyne, Inc	$10M	0.44%	0.05%	New	Q3 2025
JBSJBS N.V.	$9.88M	0.43%	Not reported	+10.0%	Q2 2025
HLIHoulihan Lokey, Inc.	$9.86M	0.43%	8.17%	+57.9%	Q2 2025
HUTHut 8 Corp.	$9.75M	0.43%	0.26%	New	Q3 2025
EVEXEve Holding, Inc.	$9.38M	0.41%	0.82%	New	Q3 2025
HPEHewlett Packard Enterprise Co	$8.84M	0.39%	0.03%	+215.8%	Q3 2024
ONONOn Holding AG	$8.47M	0.37%	0.07%	-12.3%	Q2 2025
AMZNAmazon Com Inc	$7.78M	0.34%	0.00%	-70.9%	Q4 2014
WCNWaste Connections, Inc.	$7.32M	0.32%	0.02%	-15.8%	Q1 2020
CWCurtiss Wright Corp	$6.52M	0.28%	0.03%	+57.9%	Q2 2025
MNDYmonday.com Ltd.	$6.3M	0.28%	0.06%	New	Q3 2025
EPAMEPAM Systems, Inc.	$6.23M	0.27%	0.07%	Not reported	Q2 2025
CLSCelestica Inc	$5.91M	0.26%	0.02%	-54.9%	Q3 2024

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