SPX Gestao de Recursos Ltda
•CIK: 1589176•Filing: Q4 2025
**SPX Gestao de Recursos Ltda** manages $979M across a diversified portfolio of 69 positions. The fund exhibits significant concentration in technology and market-beta plays, with top holdings including DSECF ($77.4M) and KWEB ($70.7M). Further notable allocations include BCDRF ($68.7M) and PBR ($57.9M), indicating a tactical approach spanning diverse sectors. This structure suggests an active mandate focused on capturing momentum across key indices and thematic growth areas.
Total AUM
$977.0M
+ $1.9M in options
QoQ Performance
-18.1%
Positions
62
+ 6 options
Top 10 Concentration
60.9%
Latest Filing
Q4 2025
Top Holdings Allocation
STNE
KWEB
XP
PBR
BAP
SPY
ARCO
FSLR
STNE7.9%
KWEB7.2%
XP7.0%
PBR5.9%
BAP5.8%
SPY5.7%
ARCO5.7%
FSLR5.5%
📈 Biggest Buys
📉 Biggest Sells
Sector Breakdown
Other92.9%
ETF5.7%
Consumer0.8%
Technology0.7%
🚪 Exited Positionssold since Q3 2025
+104 more exited positions
Changes from Q3 2025
NEW18 new positions
↑24 increased
↓23 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q4 2023