BTG Pactual Asset Management US LLC 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
BTG Pactual Asset Management US LLC disclosed 234 US equity positions worth $848.5m in its Q3 2025 13F filing. The largest position was SPY at 17.8% of the reported book, followed by IWF and MGK. Against the Q2 2025 filing, it opened 4 new positions, added to 39 and reduced 6 among the top 50 holdings.
What did BTG Pactual Asset Management US LLC own in Q3 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | SPY SPDR S&P 500 ETF TR | 17.8% | $151.4m | 227,300 | 7% | added | |
| 2 | IWF ISHARES TR | 10.3% | $87.4m | 205,824 | 20% | added | |
| 3 | MGK VANGUARD WORLD FD | 4.1% | $34.4m | 94,048 | 6% | added | |
| 4 | MGV VANGUARD WORLD FD | 3.1% | $26.7m | 203,346 | 3% | added | |
| 5 | NVDA NVIDIA CORPORATION | Technology | 2.9% | $24.8m | 132,797 | 17% | added |
| 6 | VGK VANGUARD INTL EQUITY INDEX F | 2.8% | $23.6m | 304,732 | 5% | added | |
| 7 | GOOG ALPHABET INC | Communication Services | 2.6% | $22.0m | 90,300 | 46% | added |
| 8 | JPM JPMORGAN CHASE & CO. | Financial Services | 2.4% | $20.0m | 63,337 | 10% | added |
| 9 | AMZN AMAZON COM INC | Consumer Cyclical | 2.3% | $19.6m | 89,243 | 44% | added |
| 10 | MSFT MICROSOFT CORP | Technology | 2.1% | $18.2m | 35,069 | 23% | added |
| 11 | GLD SPDR GOLD TR | 2.0% | $16.8m | 47,138 | 23% | added | |
| 12 | BRK/B BERKSHIRE HATHAWAY INC DEL | 1.7% | $14.4m | 29,622 | -36% | reduced | |
| 13 | XLV SELECT SECTOR SPDR TR | 1.6% | $13.7m | 101,570 | 32% | added | |
| 14 | VO VANGUARD INDEX FDS | 1.4% | $12.3m | 43,839 | 12% | added | |
| 15 | META META PLATFORMS INC | Communication Services | 1.4% | $12.2m | 16,565 | 27% | added |
| 16 | NOW SERVICENOW INC | Technology | 1.4% | $11.9m | 12,933 | 47% | added |
| 17 | VWO VANGUARD INTL EQUITY INDEX F | 1.2% | $10.2m | 206,870 | -2% | reduced | |
| 18 | DUK DUKE ENERGY CORP NEW | Utilities | 1.2% | $10.2m | 82,176 | 6% | added |
| 19 | EWJ ISHARES INC | 1.1% | $9.3m | 117,776 | 3% | added | |
| 20 | CYBERARK SOFTWARE LTD | 1.0% | $8.9m | 18,437 | 2668% | added | |
| 21 | V VISA INC | Financial Services | 1.0% | $8.6m | 25,225 | 368% | added |
| 22 | LNT ALLIANT ENERGY CORP | Utilities | 1.0% | $8.2m | 121,268 | -7% | reduced |
| 23 | AEE AMEREN CORP | Utilities | 1.0% | $8.2m | 78,295 | 3% | added |
| 24 | CEG CONSTELLATION ENERGY CORP | Utilities | 0.9% | $8.0m | 24,457 | -13% | reduced |
| 25 | GEV GE VERNOVA INC | Industrials | 0.9% | $7.8m | 12,641 | 14% | added |
| 26 | VST VISTRA CORP | Utilities | 0.9% | $7.8m | 39,566 | -28% | reduced |
| 27 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 0.9% | $7.7m | 27,392 | 236% | added |
| 28 | EXC EXELON CORP | Utilities | 0.8% | $7.2m | 160,007 | 53% | added |
| 29 | OGE OGE ENERGY CORP | Utilities | 0.8% | $7.1m | 154,410 | – | new |
| 30 | VB VANGUARD INDEX FDS | 0.8% | $6.9m | 29,252 | 0% | held | |
| 31 | KOSMOS ENERGY LTD | 0.8% | $6.8m | 10,705,000 | – | new | |
| 32 | KEL KELLANOVA | 0.8% | $6.8m | 82,811 | 25% | added | |
| 33 | XEL XCEL ENERGY INC | Utilities | 0.8% | $6.7m | 83,462 | 14% | added |
| 34 | URI UNITED RENTALS INC | Industrials | 0.8% | $6.6m | 6,930 | 107% | added |
| 35 | VGT VANGUARD WORLD FD | 0.7% | $6.2m | 9,421 | 1% | added | |
| 36 | PNW PINNACLE WEST CAP CORP | Utilities | 0.7% | $6.2m | 69,322 | – | new |
| 37 | VFH VANGUARD WORLD FD | 0.7% | $5.9m | 46,079 | 5% | added | |
| 38 | CRWD CROWDSTRIKE HLDGS INC | Technology | 0.7% | $5.7m | 11,388 | 23% | added |
| 39 | CNP CENTERPOINT ENERGY INC | Utilities | 0.7% | $5.6m | 143,619 | 191% | added |
| 40 | AEP AMERICAN ELEC PWR CO INC | Utilities | 0.7% | $5.6m | 49,334 | -19% | reduced |
| 41 | ABBV ABBVIE INC | Healthcare | 0.6% | $5.5m | 23,662 | 131% | added |
| 42 | MLPX GLOBAL X FDS | 0.6% | $5.4m | 86,878 | 1% | added | |
| 43 | LQD ISHARES TR | 0.6% | $5.4m | 49,372 | 46% | added | |
| 44 | FYBR FRONTIER COMMUNICATIONS PARE | 0.6% | $5.4m | 144,348 | 174% | added | |
| 45 | VHT VANGUARD WORLD FD | 0.6% | $5.3m | 21,361 | 7% | added | |
| 46 | STIP ISHARES TR | 0.6% | $4.8m | 46,391 | 18% | added | |
| 47 | LLY ELI LILLY & CO | Healthcare | 0.5% | $4.6m | 6,034 | 110% | added |
| 48 | EPP ISHARES INC | 0.5% | $4.1m | 82,961 | 4% | added | |
| 49 | VTEB VANGUARD MUN BD FDS | 0.5% | $3.9m | 78,706 | 33% | added | |
| 50 | AWK AMERICAN WTR WKS CO INC NEW | Utilities | 0.4% | $3.5m | 25,265 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.