SPX Gestao de Recursos Ltda
SPX Gestao de Recursos Ltda reported 79 stocks worth $898M in its 13F filing for Q2 2026, filed Aug 19, 2026. Its largest holdings are XP (8.7%), LTM (6.8%) and TGS (6.0%). Compared with Q1 2026, the fund opened new positions in HAL, MSFT and GOOGL, added to XP, LTM and TGS, trimmed VINP, ARCO and STNE and sold out of XLP, MCHI and NU.
Holdings
| # | Stock | Value | Weight | Shares | Change | Shares, 8 qtrs | Held |
|---|---|---|---|---|---|---|---|
| 1 |  XP XP Inc | $78.3M | 8.7% | 4.8M | +3.6M (+305%) | 7 of 8 | |
| 2 |  LTM Latam Airlines Group SA | $61M | 6.8% | 1M | +165K (+19%) | 7 of 8 | |
| 3 |  TGS Transportadora DE Gas Sur | $54M | 6.0% | 1.8M | +790K (+77%) | 5 of 8 | |
| 4 |  PAM Pampa Energia S A | $45M | 5.0% | 548K | +384K (+235%) | 2 of 8 | |
| 5 |  VINP Vinci Compass Investments LT | $43.2M | 4.8% | 4.4M | −231K (−5%) | 8 of 8 | |
| 6 |  ARCO Arcos Dorados Holdings Inc Shs Class -a - | $36.3M | 4.0% | 4.5M | −1.4M (−24%) | 6 of 8 | |
| 7 |  STNE Stoneco Ltd | $32.6M | 3.6% | 3M | −4.7M (−61%) | 7 of 8 | |
| 8 |  EMBJ Embraer S.a. | $32.1M | 3.6% | 503K | +150K (+42%) | 6 of 8 | |
| 9 |  BBD Banco Bradesco S A | $30.8M | 3.4% | 8.9M | −2.2M (−20%) | 7 of 8 | |
| 10 |  TEO Telecom Argentina SA | $30.2M | 3.4% | 2.3M | +1.6M (+217%) | 2 of 8 |
Positions at Jun 30, 2026, as reported. Change is against the fund's Q1 2026 filing; weight is the share of the fund's reported stocks.
Sold out
held in Q1 2026, gone in Q2 2026| Stock | Value last quarter | Shares sold |
|---|---|---|
 XLP State Street | $120M | 1.5M |
 MCHI Ishares TR | $54.6M | 972K |
 NU NU Hldgs Ltd | $36.9M | 2.6M |
 CPA Copa Holdings SA | $25.5M | 225K |
 BP BP P L C F | $16.7M | 354K |
🔒 Free account: see all 30.
Reported value
last 8 quartersThe value of the US stocks the fund reported, at quarter end prices. It moves with the market as well as with buying and selling.
Filings for Q2 2026
straight from the SEC| Filed | Form | Quarter | |
|---|---|---|---|
| Aug 19, 2026 | 13F-HR/A Amendment | Q2 2026 | SEC filing ↗ |
| Aug 6, 2026 | 13F-HR | Q2 2026 | SEC filing ↗ |
Includes an amendment, which can add positions the fund kept confidential at first, or replace the original report.
Other superinvestors
All hedge fund holdings →SPX Gestao de Recursos Ltda 13F FAQ
What does SPX Gestao de Recursos Ltda own?
SPX Gestao de Recursos Ltda reported 79 stocks worth $898M in its 13F filing for Q2 2026, filed Aug 19, 2026. Its largest holdings are XP (8.7%), LTM (6.8%) and TGS (6.0%). The table above lists every position in the filing (the top 10 without an account).
What did SPX Gestao de Recursos Ltda buy and sell in Q2 2026?
Compared with Q1 2026: 40 new positions, 17 added to, 19 trimmed and 32 sold out. New positions include HAL, MSFT and GOOGL. It sold all of XLP, MCHI and NU.
When will SPX Gestao de Recursos Ltda file its next 13F?
Holdings as of Sep 30, 2026 are due by Nov 16, 2026. The filing appears on this page within minutes of reaching the SEC.
How much is SPX Gestao de Recursos Ltda's portfolio worth?
The Q2 2026 filing reports $898M in US stocks. That leaves out cash, bonds, short positions and most foreign holdings, so the fund's total assets are usually larger.
For informational and educational purposes only. Not investment advice, and not a recommendation to buy or sell any security. Holdings come from the fund's SEC Form 13F filings as reported and show positions at the end of the quarter, up to 45 days before the filing. The fund may have changed its positions since. A 13F leaves out short positions, cash, bonds and most foreign holdings. See all hedge fund holdings.