Banco BTG Pactual S.A.

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Banco BTG Pactual S.A. maintained a portfolio of 238 distinct positions. The most significant new addition to the portfolio was FLUTTER ENTMT PLC, which now represents 1.84% of the total fund value. They heavily accumulated shares in NVIDIA CORPORATION, increasing their position by 40.6%. The fund also reduced its exposure to CITIGROUP INC by 77.4%.
PCA Score Concentration Risk
Risk ENB
Total Positions
238
Quarter
2025 Q4
Top Holding
NVDA (9.0%)
Top 10 Concentration
47.5%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 238
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
NVDA
NVIDIA CORPORAT...
Technology 8.98% 5.46% #1 3
Prev: #4
8.1 81,318 40.6%
P
S
281,651 $52,527,912 2016 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
META
META PLATFORMS ...
Communication Services 7.63% 6.35% #2
Prev: #2
6.6 8,445 14.3%
P
S
67,660 $44,661,689 2016 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORP
Technology 6.45% 5.72% #3
Prev: #3
4.1 2,380 3.1%
P
S
78,008 $37,726,229 2016 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TSM
TAIWAN SEMICOND...
Technology 5.72% 2.59% #4 4
Prev: #8
5.8 46,564 73.3%
P
S
110,096 $33,457,073 2017 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON COM INC
Consumer Cyclical 5.68% 4.45% #5
Prev: #5
3.3 5,283 3.8%
P
S
144,000 $33,238,080 2017 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOG
ALPHABET INC
Communication Services 3.04% 1.89% #6 6
Prev: #12
3.2 3,393 6.4%
P
S
56,605 $17,762,649 2016 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NU
NU HLDGS LTD
Financial Services 2.78% 1.16% #7 12
Prev: #19
4.1 474,211 95.4%
P
S
971,116 $16,256,482 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BABA
ALIBABA GROUP H...
Consumer Cyclical 2.51% 2.49% #8 1
Prev: #9
1.5 4,509 4.7%
P
S
100,013 $14,659,906 2016 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOGL
ALPHABET INC
Communication Services 2.36% 2.68% #9 2
Prev: #7
0.9 -31,456 -41.6%
P
S
44,120 $13,809,560 2017 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BKNG
BOOKING HOLDING...
Consumer Cyclical 2.34% 0.80% #10 16
Prev: #26
3.9 1,541 152.3%
P
S
2,553 $13,672,157 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AVGO
BROADCOM INC
Technology 2.11% 1.21% #11 6
Prev: #17
3.3 10,583 42.1%
P
S
35,691 $12,352,655 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ASHR
DBX ETF TR
ETF 1.97% 0.96% #12 11
Prev: #23
3.8 150,000 75.0%
P
S
350,000 $11,497,500 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
FLUT
FLUTTER ENTMT P...
Consumer Cyclical 1.84% #13
Prev: #—
4.2 50,000 no change
NEW
50,000 $10,752,000 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
V
VISA INC
Financial Services 1.80% 1.29% #14
Prev: #14
2.7 4,215 16.3%
P
S
30,072 $10,546,551 2018 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
EWZ
ISHARES INC
CALL
CALL Option 1.51% #15
Prev: #—
4.1 41,000 no change
NEW
41,000 $8,846,441 2016 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AIQ
GLOBAL X FDS
ETF 1.50% 1.00% #16 5
Prev: #21
3.1 33,718 24.2%
P
S
172,818 $8,789,523 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GLD
SPDR GOLD TR
CALL
CALL Option 1.46% #17
Prev: #—
4.1 1,600 no change
NEW
1,600 $8,568,700 2016 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
LTM
LATAM AIRLINES ...
Industrials 1.43% 0.20% #18 52
Prev: #70
3.6 125,200 417.3%
P
S
155,200 $8,382,352 2016 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
PDD
PDD HOLDINGS IN...
Consumer Cyclical 1.34% 0.57% #19 19
Prev: #38
3.5 39,635 135.1%
P
S
68,967 $7,820,168 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
PAM
PAMPA ENERGIA S...
Industrials 1.33% 0.75% #20 9
Prev: #29
1.0 3,250 3.8%
P
S
88,217 $7,808,087 2016 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ADBE
ADOBE INC
Technology 1.20% #21
Prev: #—
4.0 20,000 no change
NEW
20,000 $6,999,800 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GLOB
GLOBANT S A
Technology 1.16% 0.27% #22 40
Prev: #62
3.5 71,700 222.7%
P
S
103,900 $6,791,943 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
LLY
ELI LILLY & CO
Healthcare 1.15% #23
Prev: #—
4.0 6,240 no change
NEW
6,240 $6,706,003 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NKE
NIKE INC
Consumer Cyclical 1.08% #24
Prev: #—
3.9 99,190 no change
NEW
99,190 $6,319,395 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
URA
GLOBAL X FDS
ETF 1.05% 0.38% #25 25
Prev: #50
3.4 88,870 161.0%
P
S
144,066 $6,155,940 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MA
MASTERCARD INCO...
Financial Services 1.04% 0.64% #26 6
Prev: #32
2.9 2,995 39.2%
P
S
10,645 $6,077,018 2019 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
UBER
UBER TECHNOLOGI...
Technology 1.03% 0.78% #27
Prev: #27
2.9 19,477 35.8%
P
S
73,890 $6,037,552 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SPLV
INVESCO EXCH TR...
Unknown 1.02% 2.08% #28 18
Prev: #10
0.4 -110,700 -57.0%
P
S
83,513 $5,964,498 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
KBWB
INVESCO EXCH TR...
ETF 0.94% 1.03% #29 9
Prev: #20
0.4 -25,000 -27.8%
P
S
65,000 $5,478,850 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BRK/B
BERKSHIRE HATHA...
Financial Services 0.90% 0.73% #30
Prev: #30
0.9 496 5.0%
P
S
10,496 $5,275,814 2018 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
EWZ
ISHARES INC
ETF 0.87% 1.30% #31 18
Prev: #13
0.3 -126,812 -44.2%
P
S
160,209 $5,089,840 2016 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SBS
COMPANHIA DE SA...
Utilities 0.86% #32
Prev: #—
3.8 212,083 no change
NEW
212,083 $5,058,180 2016 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MELI
MERCADOLIBRE IN...
Consumer Cyclical 0.85% #33
Prev: #—
3.8 2,480 no change
NEW
2,480 $4,995,365 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GEV
GE VERNOVA INC
Industrials 0.78% 0.05% #34 89
Prev: #123
3.3 6,473 1228.3%
P
S
7,000 $4,574,990 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BMA
BANCO MACRO SA
Financial Services 0.73% 0.18% #35 41
Prev: #76
3.3 17,541 58.6%
P
S
47,477 $4,280,526 2016 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
XLY
SELECT SECTOR S...
Unknown 0.73% 0.44% #36 5
Prev: #41
3.3 23,000 181.2%
P
S
35,693 $4,262,101 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
XLV
SELECT SECTOR S...
Unknown 0.73% 0.43% #37 6
Prev: #43
2.8 6,312 29.9%
P
S
27,420 $4,244,616 2017 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
WBD
WARNER BROS DIS...
Communication Services 0.71% #38
Prev: #—
3.8 144,828 no change
NEW
144,828 $4,173,943 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GGAL
GRUPO FINANCIER...
Financial Services 0.68% #39
Prev: #—
3.8 74,285 no change
NEW
74,285 $4,006,933 2016 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
URNJ
SPROTT FDS TR
Unknown 0.67% #40
Prev: #—
3.8 155,800 no change
NEW
155,800 $3,926,160 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
HUT
HUT 8 CORP
Financial Services 0.67% 0.06% #41 71
Prev: #112
3.3 73,000 608.3%
P
S
85,000 $3,904,900 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TEO
TELECOM ARGENTI...
Communication Services 0.65% 0.40% #42 6
Prev: #48
0.8 -47,304 -12.6%
P
S
327,501 $3,802,287 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
C
CITIGROUP INC
Financial Services 0.63% 2.07% #43 32
Prev: #11
0.3 -108,032 -77.4%
P
S
31,472 $3,672,468 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
JPM
JPMORGAN CHASE ...
Financial Services 0.57% 1.17% #44 26
Prev: #18
0.2 -15,020 -59.2%
P
S
10,336 $3,330,466 2018 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TGS
TRANSPORTADORA ...
Energy 0.56% 0.62% #45 12
Prev: #33
0.2 -94,954 -47.2%
P
S
106,060 $3,297,405 2017 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
IFS
INTERCORP FINL ...
Financial Services 0.55% 0.76% #46 18
Prev: #28
0.2 -54,374 -41.9%
P
S
75,300 $3,189,708 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SOXQ
INVESCO EXCH TR...
ETF 0.52% 0.40% #47 2
Prev: #49
1.2 no change no change
P
S
54,345 $3,030,821 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
STNE
STONECO LTD
Technology 0.48% #48
Prev: #—
3.7 190,000 no change
NEW
190,000 $2,810,100 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ENIC
ENEL CHILE S.A.
Utilities 0.47% #49
Prev: #—
3.7 690,017 no change
NEW
690,017 $2,773,868 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
LPLA
LPL FINL HLDGS ...
Financial Services 0.46% 0.99% #50 28
Prev: #22
0.2 -12,971 -63.4%
P
S
7,500 $2,678,775 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-50 of 238 holdings

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