1y return+6.9%S&P 500 +20.9%
3y return+49.2%S&P 500 +68.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since September 30, 2021: $153 against $174 in the S&P 500.2
BW Gestao de Investimentos Ltda.S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| SPYState Str Spdr S&p 500 Etf T | $916.8M | 22.1% | New |
| IVVIshares Tr | $818.8M | 19.7% | +264.4% |
| SPCXSpace Exploration Techn Corp | $100.4M | 2.4% | New |
| RBARb Global Inc | $57.6M | 1.4% | −31.7% |
| THCTenet Healthcare Corp | $52.3M | 1.3% | −12.7% |
| MUMicron Technology Inc | $45.3M | 1.1% | New |
| MSFTMicrosoft Corp | $43.3M | 1.0% | +123.8% |
| ECLEcolab Inc | $40.4M | 1.0% | +75.9% |
| AMZNAmazon Com Inc | $34.9M | 0.8% | +176.9% |
| COPXGlobal X Fds | $34.9M | 0.8% | +10.5% |
| ECHOEchostar Corp | $32.6M | 0.8% | −5.8% |
| XLVSelect Sector Spdr Tr | $31.9M | 0.8% | |
| GOOGAlphabet Inc | $31.8M | 0.8% | New |
| Asml Hldg NvCUSIP N07059210 | $29.8M | 0.7% | New |
| MDLNMedline Inc | $27.2M | 0.7% | +56.8% |
| BXBlackstone Inc | $25.4M | 0.6% | +10.5% |
| GNRCGenerac Hldgs Inc | $24.2M | 0.6% | New |
| CENXCentury Alum Co | $24.1M | 0.6% | +69.4% |
| SHWSherwin Williams Co | $23.6M | 0.6% | −11.9% |
| PHParker-hannifin Corp | $23.5M | 0.6% | +14.0% |
| NTNXNutanix Inc | $23.0M | 0.6% | −28.4% |
| AAPLApple Inc | $22.4M | 0.5% | +16.7% |
| Clarivate PLCCUSIP G21810109 | $21.7M | 0.5% | +69.5% |
| XELXcel Energy Inc | $20.6M | 0.5% | +4.9% |
| LITGlobal X Fds | $20.2M | 0.5% | +50.0% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| AAPLApple Inc | June 30, 2020 | +217.3% | $22.4M |
| AMDAdvanced Micro Devices Inc | March 31, 2026 | +185.6% | $18.0M |
| DDOGDatadog Inc | March 31, 2026 | +120.6% | $15.9M |
| THCTenet Healthcare Corp | March 31, 2022 | +117.6% | $52.3M |
| RBARb Global Inc | June 30, 2023 | +94.1% | $57.6M |
| FPSForgent Power Solutions Inc | March 31, 2026 | +90.8% | $17.9M |
| MSFTMicrosoft Corp | June 30, 2020 | +83.3% | $43.3M |
| SHWSherwin Williams Co | June 30, 2020 | +78.8% | $23.6M |
| AMZNAmazon Com Inc | June 30, 2020 | +72.8% | $34.9M |
| TKRTimken Co | December 31, 2025 | +72.7% | $16.0M |
Sold off last quarter
- AVGOBroadcom Inc was $30.9M
- TLNTalen Energy Corp was $18.8M
- SLVIshares Silver Tr was $16.4M
- SWXSouthwest Gas Hldgs Inc was $14.4M
- NRGNrg Energy Inc was $12.8M
- VSTVistra Corp was $10.5M
- FEFirstenergy Corp was $10.1M
- GEGe Aerospace was $9.9M
- XHBSpdr Series Trust was $9.9M
- CLSCelestica Inc was $9.9M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +9.7% | +14.8% |
| March 31, 2026 | −1.9% | −4.6% |
| December 31, 2025 | −0.5% | +2.4% |
| September 30, 2025 | −0.1% | +7.8% |
| June 30, 2025 | +15.0% | +10.5% |
| March 31, 2025 | −3.9% | −4.6% |
| December 31, 2024 | −4.0% | +2.1% |
| September 30, 2024 | +10.5% | +5.4% |
| June 30, 2024 | +2.3% | +4.0% |
| March 31, 2024 | +7.2% | +10.0% |
| December 31, 2023 | +11.0% | +11.2% |
| September 30, 2023 | −2.2% | −3.6% |
| June 30, 2023 | +5.9% | +8.3% |
| March 31, 2023 | +8.3% | +7.0% |
| December 31, 2022 | +5.1% | +7.1% |
| September 30, 2022 | −4.5% | −5.3% |
| June 30, 2022 | −16.4% | −16.5% |
| March 31, 2022 | +4.2% | −4.9% |
| December 31, 2021 | +2.1% | +10.7% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: BW Gestao de Investimentos Ltda. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1568280&type=13F-HR&dateb=&owner=include&count=40CIK 1568280
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1568280/000156828026000005/Filed August 14, 2026 · accession 0001568280-26-000005