Arkolith/Funds/Banco BTG Pactual S.A.

Banco BTG Pactual S.A.

CIK 1536080
Holdings as of Jun 30, 2026·disclosed Aug 7, 2026·~38-day 13F lag·13F-HR
Active Filer

Banco BTG Pactual S.A. holds a focused book of 136 stocks worth $751.6M as of Q2 2026 (disclosed Aug 7, 2026, a ~38-day 13F lag). This quarter they opened Invesco QQQ Trust Series 1 and trimmed SS Consumer Staples Sel Sect. Their largest long position is SS SPDR S&P 500 ETF Trust-US at 9% of the equity book. They also disclosed $184.5M in put options (a bearish bet) and $249.3M in call options (bullish), shown separately below and excluded from the equity book. Cloning the disclosed picks since 2024 would be +42% (+22.0%/yr). That is a simulation of the disclosed long book, not audited returns.

Growth of $10,000: cloning the disclosed book

If you'd copied them
+41.6%
+22.0%/yr · since Nov '24
Their reported book
+27.4%
held from quarter-end
S&P 500
+31.8%
same window
$8K$10K$11K$13K$14KNov '24Mar '25Jul '25Nov '25Apr '26Aug '26
Banco BTG Pactual S.A. (copied at disclosure) S&P 500

Following at the filing date actually beat the quarter-end book by 14.2 points over this window.

Growth of $10,000 cloning Banco BTG Pactual S.A.'s disclosed long 13F book, rebalanced on each filing date (so it reflects each quarter's actual reporting lag, ~38 days for the latest filing, with no look-ahead), total-return basis (dividends reinvested), derived from end-of-day prices. “Their reported book” values the same picks from quarter-end, before they were public. S&P 500 is SPY total return over the same window. Excludes shorts, cash, options and non-13F holdings. Not investment advice.

Concentration

Top-heavy: focused book

Top 5 holdings
36%
Top 10 holdings
56%
Top 20 holdings
75%

Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.

Direct sector allocation

36% mapped to company sectors

ETF / fund or unclassified
64%
Information Technology
9%
Financials
8%
Consumer Discretionary
7%
Materials
4%
Industrials
3%
Energy
1%
Real Estate
1%

Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.

Biggest moves: latest quarter

Estimated $ traded · quarter-end prices, no cost basis

Bought
Trimmed / exited

Holdings: largest first

Bars show each stock's share of the portfolio. Click a row for its position history.

136 positions
#SecurityValueShares% PortLast moveHistory
1State STR SPDR S&P 500 ETF T
TR UNIT
$69.9M93.6K
9.3%
+34%
Added · +24K sh
2Ishares TR
IBOXX HI YD ETF
$60.1M751.4K
8.0%
+5.4%
Added · +38K sh
3Vanguard Index FDS
S&P 500 ETF SHS
$48.7M70.9K
6.5%
+18%
Added · +11K sh
4Ishares TR
RUSSELL 2000 ETF
$48.1M160.0K
6.4%
+14%
Added · +20K sh
5Ishares Inc
MSCI MEXICO ETF
$46.0M611.1K
6.1%
+20%
Added · +100K sh
6Ishares Inc
MSCI BRAZIL ETF
$38.5M1.12M
5.1%
+48%
Added · +364K sh
7Tesla Inc
COM
$32.4M77.0K
4.3%
+48%
Added · +25K sh
8Broadcom Inc
COM
$26.6M70.4K
3.5%
+0.3%
Added · +184 sh
9Grupo Cibest Sa
SPON ADS
$25.7M323.3K
3.4%
+289%
Added · +240K sh
10Select Sector SPDR TR
ST STR STAPL ETF
$23.7M285.5K
3.2%
−19%
Reduced · −68K sh
11Select Sector SPDR TR
ST STR ENERG ETF
$22.9M431.2K
3.0%
+69%
Added · +176K sh
12Janus Detroit STR TR
HENDRSON AAA CL
$17.3M342.8K
2.3%
−20%
Reduced · −87K sh
13Rio Tinto PLC
SPONSORED ADR
$16.2M170.5K
2.2%
29×
Added · +165K sh
14Walmart Inc
COM
$14.6M128.5K
1.9%
+55%
Added · +46K sh
15Copa Holdings Sa
CL A
$13.2M85.0K
1.8%
Held
16Vaneck ETF Trust
SEMICONDUCTR ETF
$12.9M19.6K
1.7%
+333%
Added · +15K sh
17Nu Hldgs Ltd
ORD SHS CL A
$12.6M939.8K
1.7%
+290%
Added · +699K sh
18Janus Detroit STR TR
B-BBB CLO ETF
$12.5M264.8K
1.7%
+23%
Added · +49K sh
19SPDR Series Trust
ST STR SP REGBNK
$11.2M150.0K
1.5%
Held
20Invesco QQQ TR
UNIT SER 1
$11.0M15.0K
1.5%
New
New position
21Apple Inc
COM
$10.7M37.0K
1.4%
17×
Added · +35K sh
22SPDR Series Trust
ST STR SP RETAIL
$10.7M122.0K
1.4%
−19%
Reduced · −28K sh
23Space Exploration Techn Corp
CLASS A COM STK
$8.8M51.7K
1.2%
New
New position
24Ge Vernova Inc
COM
$8.4M7.2K
1.1%
New
New position
25Intel Corp
COM
$7.0M50.0K
0.9%
New
New position
26Brookfield Corp
CL A LTD VT SH
$6.7M157.4K
0.9%
+0.1%
Added · +116 sh
27Ecopetrol S A
SPONSORED ADS
$5.7M402.8K
0.8%
+117%
Added · +217K sh
28Qualcomm Inc
COM
$5.5M30.0K
0.7%
New
New position
29Freeport McMoran Inc
CL B
$5.3M85.0K
0.7%
New
New position
30Enel Chile Sa
SPONSORED ADR
$5.1M1.14M
0.7%
+260%
Added · +823K sh
31Aura Minerals Inc
SHS NEW
$4.8M76.8K
0.6%
Held
32Ishares Inc
MSCI CHILE ETF
$4.7M119.0K
0.6%
−11%
Reduced · −15K sh
33Ishares TR
EXPANDED TECH
$4.5M50.0K
0.6%
New
New position
34Amazon Com Inc
COM
$4.3M18.2K
0.6%
+4.3%
Added · +747 sh
35Advanced Micro Devices Inc
COM
$4.3M7.3K
0.6%
−53%
Reduced · −8K sh
36Uber Technologies Inc
COM
$4.0M56.1K
0.5%
12×
Added · +51K sh
37Pershing Square USA Ltd
COM SHS
$3.5M92.6K
0.5%
New
New position
38Vanguard Star FDS
VG TL INTL STK F
$3.1M36.6K
0.4%
Held
39Vaneck ETF Trust
GOLD MINERS ETF
$3.0M40.0K
0.4%
New
New position
40Nvidia Corporation
COM
$3.0M14.9K
0.4%
+161%
Added · +9K sh
41Ishares Bitcoin Trust ETF
SHS BEN INT
$2.7M81.7K
0.4%
+379%
Added · +65K sh
42Vaneck Merk Gold ETF
GOLD SHS
$2.5M65.8K
0.3%
+137%
Added · +38K sh
43NEOS ETF Trust
NASDAQ 100 HIGH
$2.5M43.9K
0.3%
+53%
Added · +15K sh
44Inter & Co Inc
CLASS A COM
$2.4M439.8K
0.3%
New
New position
45Ishares Gold TR
ISHARES NEW
$2.4M31.4K
0.3%
+0.7%
Added · +220 sh
46JBS N.V.
CL A SHS
$2.3M191.1K
0.3%
Held
47Vanguard BD Index FDS
TOTAL BND MRKT
$2.1M29.1K
0.3%
−61%
Reduced · −45K sh
48Exxon Mobil Corp
COM
$2.1M15.4K
0.3%
−1.0%
Reduced · −152 sh
49Grupo Financiero Galicia S.a
SPONSORED ADR
$2.0M40.3K
0.3%
+669%
Added · +35K sh
50Central Puerto S A
SPONSORED ADR
$2.0M135.3K
0.3%
New
New position
Showing 50 of 136 positions
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Largest options & derivatives disclosed

Put / call positions from the 13F — totals include every disclosed option leg

Put notional (bearish)$184.5M
Call notional (bullish)$249.3M
TypeUnderlyingNotional valueUnderlying shares
CALL · bullishISHARES MSCI BRAZIL ETFEWZ$89.5M2.6M
PUT · bearishISHARES MSCI BRAZIL ETFEWZ$48.2M1.4M
CALL · bullishINVESCO QQQ TRUST SERIES 1QQQ$29.1M40K
CALL · bullishECOPETROL SA-SPONSORED ADREC$27.5M1.9M
CALL · bullishMETA PLATFORMS INC-CLASS AMETA$27.3M49K
PUT · bearishSS SPDR S&P 500 ETF TRUST-USSPY$19.7M26K
PUT · bearishINTEL CORPINTC$18.2M130K
PUT · bearishNVIDIA CORPNVDA$18.0M90K
CALL · bullishMICROSOFT CORPMSFT$13.4M36K
PUT · bearishSPACE EXPLORATION TECHN CORP$12.8M75K
PUT · bearishTESLA INCTSLA$10.1M24K
PUT · bearishYPF S.A.-SPONSORED ADRYPF$9.1M200K
CALL · bullishYPF S.A.-SPONSORED ADRYPF$9.1M200K
PUT · bearishMETA PLATFORMS INC-CLASS AMETA$9.0M16K
CALL · bullishNVIDIA CORPNVDA$9.0M45K
PUT · bearishECOPETROL SA-SPONSORED ADREC$8.5M600K
CALL · bullishSPACE EXPLORATION TECHN CORP$6.0M35K
PUT · bearishALIBABA GROUP HOLDING-SP ADRBABA$5.8M60K
CALL · bullishISHARES EXPANDED TECH-SOFTWAIGV$5.7M63K
PUT · bearishCADENCE DESIGN SYS INCCDNS$5.7M15K
PUT · bearishMICROSOFT CORPMSFT$4.5M12K
CALL · bullishISHARES MSCI SOUTH KOREA ETFEWY$4.0M20K
CALL · bullishROUNDHILL MAGNIFICENT SEVENMAGS$3.2M50K
CALL · bullishAPPLE INCAAPL$2.9M10K
CALL · bullishCBRE GROUP INC - ACBRE$2.6M20K

13F filers disclose option positions at the market value of the underlying the contracts reference, not the premium paid. A put is a bearish bet (it gains if the stock falls); a call is bullish. “Underlying shares” is the share count the contracts control, not a share holding. These legs are excluded from the equity book, weighting, concentration and sector figures above. Showing the largest 25 of 58 option legs.

Filing history

As-of date vs the date the SEC received each filing

QuarterAs ofFiledPositionsValueForm
Q2 2026Jun 30, 2026Aug 7, 2026194$1.2B13F-HR
Q1 2026Mar 31, 2026May 13, 2026185$1.1B13F-HR
Q4 2025Dec 31, 2025Feb 12, 2026163$585.1M13F-HR
Q3 2025Sep 30, 2025Nov 13, 2025155$684.9M13F-HR
Q2 2025Jun 30, 2025Aug 14, 2025154$491.5M13F-HR
Q1 2025Mar 31, 2025May 14, 2025187$404.9M13F-HR
Q4 2024Dec 31, 2024Feb 12, 2025168$429.6M13F-HR
Q3 2024Sep 30, 2024Nov 7, 2024158$388.6M13F-HR

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly, filed up to 45 days after quarter-end. Public domain. The book and weighting are long equity only; disclosed put/call options are listed separately and excluded from those totals. The performance line is a simulation of the disclosed long book, not an audited return.