BTG Pactual Asset Management US LLC 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
BTG Pactual Asset Management US LLC disclosed 222 US equity positions worth $900.0m in its Q4 2025 13F filing. The largest position was SPY at 15.0% of the reported book, followed by IWF and MGK. Against the Q3 2025 filing, it opened 7 new positions, added to 27 and reduced 14 among the top 50 holdings.
What did BTG Pactual Asset Management US LLC own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | SPY SPDR S&P 500 ETF TR | 15.0% | $135.0m | 197,917 | -13% | reduced | |
| 2 | IWF ISHARES TR | 8.4% | $75.8m | 178,572 | -13% | reduced | |
| 3 | MGK VANGUARD WORLD FD | 3.8% | $34.3m | 93,608 | -0% | held | |
| 4 | MGV VANGUARD WORLD FD | 2.8% | $25.5m | 194,054 | -5% | reduced | |
| 5 | GOOG ALPHABET INC | Communication Services | 2.8% | $24.9m | 79,297 | -12% | reduced |
| 6 | BRK/B BERKSHIRE HATHAWAY INC DEL | 2.6% | $23.5m | 46,805 | 58% | added | |
| 7 | VGK VANGUARD INTL EQUITY INDEX F | 2.6% | $23.5m | 303,249 | -0% | held | |
| 8 | AMZN AMAZON COM INC | Consumer Cyclical | 2.6% | $23.1m | 99,865 | 12% | added |
| 9 | XLV SELECT SECTOR SPDR TR | 2.3% | $20.9m | 134,367 | 32% | added | |
| 10 | NVDA NVIDIA CORPORATION | Technology | 2.2% | $20.0m | 107,118 | -19% | reduced |
| 11 | JPM JPMORGAN CHASE & CO. | Financial Services | 2.0% | $17.9m | 55,683 | -12% | reduced |
| 12 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 1.7% | $15.6m | 51,426 | 88% | added |
| 13 | GLD SPDR GOLD TR | 1.7% | $14.9m | 37,598 | -20% | reduced | |
| 14 | OGE OGE ENERGY CORP | Utilities | 1.6% | $14.5m | 340,268 | 120% | added |
| 15 | XEL XCEL ENERGY INC | Utilities | 1.6% | $14.0m | 189,188 | 127% | added |
| 16 | EVRG EVERGY INC | Utilities | 1.4% | $12.9m | 178,628 | – | new |
| 17 | VO VANGUARD INDEX FDS | 1.4% | $12.7m | 45,466 | 4% | added | |
| 18 | DTE DTE ENERGY CO | Utilities | 1.3% | $11.9m | 92,354 | – | new |
| 19 | V VISA INC | Financial Services | 1.3% | $11.8m | 33,743 | 34% | added |
| 20 | META META PLATFORMS INC | Communication Services | 1.3% | $11.6m | 17,592 | 6% | added |
| 21 | CNP CENTERPOINT ENERGY INC | Utilities | 1.3% | $11.4m | 297,658 | 107% | added |
| 22 | WEC WEC ENERGY GROUP INC | Utilities | 1.2% | $11.1m | 104,975 | – | new |
| 23 | LLY ELI LILLY & CO | Healthcare | 1.2% | $10.5m | 9,799 | 62% | added |
| 24 | MSFT MICROSOFT CORP | Technology | 1.1% | $9.8m | 20,296 | -42% | reduced |
| 25 | EWJ ISHARES INC | 1.0% | $9.1m | 114,392 | -3% | reduced | |
| 26 | AEP AMERICAN ELEC PWR CO INC | Utilities | 1.0% | $9.0m | 78,196 | 59% | added |
| 27 | EXC EXELON CORP | Utilities | 1.0% | $9.0m | 206,408 | 29% | added |
| 28 | CEG CONSTELLATION ENERGY CORP | Utilities | 1.0% | $8.9m | 25,297 | 3% | added |
| 29 | VWO VANGUARD INTL EQUITY INDEX F | 1.0% | $8.8m | 178,750 | -14% | reduced | |
| 30 | GEV GE VERNOVA INC | Industrials | 1.0% | $8.8m | 13,523 | 7% | added |
| 31 | PNW PINNACLE WEST CAP CORP | Utilities | 0.9% | $7.9m | 89,414 | 29% | added |
| 32 | VB VANGUARD INDEX FDS | 0.8% | $7.2m | 30,244 | 3% | added | |
| 33 | D DOMINION ENERGY INC | Utilities | 0.8% | $7.0m | 119,040 | – | new |
| 34 | KOSMOS ENERGY LTD | 0.7% | $6.7m | 15,705,000 | 47% | added | |
| 35 | OGS ONE GAS INC | Utilities | 0.7% | $6.7m | 86,408 | – | new |
| 36 | VST VISTRA CORP | Utilities | 0.7% | $6.3m | 39,323 | -1% | reduced |
| 37 | URI UNITED RENTALS INC | Industrials | 0.7% | $6.2m | 7,704 | 11% | added |
| 38 | VFH VANGUARD WORLD FD | 0.7% | $6.1m | 47,692 | 4% | added | |
| 39 | ETFIS SER TR I | 0.7% | $6.0m | 75,963 | 5599% | added | |
| 40 | AEE AMEREN CORP | Utilities | 0.7% | $6.0m | 60,150 | -23% | reduced |
| 41 | VHT VANGUARD WORLD FD | 0.6% | $5.8m | 23,259 | 9% | added | |
| 42 | VGT VANGUARD WORLD FD | 0.6% | $5.7m | 8,647 | -8% | reduced | |
| 43 | MLPX GLOBAL X FDS | 0.6% | $5.6m | 89,850 | 3% | added | |
| 44 | CRWD CROWDSTRIKE HLDGS INC | Technology | 0.6% | $5.4m | 11,457 | 1% | added |
| 45 | EOG EOG RES INC | Energy | 0.6% | $5.3m | 50,438 | – | new |
| 46 | ABBV ABBVIE INC | Healthcare | 0.6% | $5.2m | 22,878 | -3% | reduced |
| 47 | VTEB VANGUARD MUN BD FDS | 0.5% | $4.6m | 94,562 | 20% | added | |
| 48 | HIG HARTFORD INSURANCE GROUP INC | Financial Services | 0.5% | $4.5m | 32,886 | – | new |
| 49 | TIGO MILLICOM INTL CELLULAR S A | Communication Services | 0.5% | $4.4m | 78,787 | 23% | added |
| 50 | IHS IHS HOLDING LIMITED | Real Estate | 0.5% | $4.3m | 578,278 | 24% | added |
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.