BW Gestao de Investimentos Ltda. historic quarter change: USA ETF, Sold out
In exchange-traded fund shares (known by the fund name on the filing) (listed in the US), over 21 quarters from 2013-12-31 to 2026-06-30, BW Gestao de Investimentos Ltda. opened 63 positions, added to 35, reduced 43 and sold out of 66.
- Q2 2026: Stock XLU; Country of operation —; Class STATE STREET UTI; Shares before 900,000.
- Q2 2026: Stock XLV; Country of operation —; Class STATE STREET HEA; Shares before 201,000.
- Q2 2026: Stock XHB; Country of operation —; Class STATE STREET SPD; Shares before 100,000.
- Q2 2026: Stock RSP; Country of operation —; Class S&P500 EQL WGT; Shares before 49,778.
Each consecutive pair of Form 13F-HR filings compared (SEC CIK 1568280), 21 quarters: Q2 2026 (2026-03-31 to 2026-06-30, filed 2026-08-14); Q1 2026 (2025-12-31 to 2026-03-31, filed 2026-04-28); Q4 2025 (2025-09-30 to 2025-12-31, filed 2026-02-10); Q3 2025 (2025-06-30 to 2025-09-30, filed 2025-11-13); Q2 2025 (2025-03-31 to 2025-06-30, filed 2025-08-14); Q1 2025 (2024-12-31 to 2025-03-31, filed 2025-05-15); Q4 2024 (2024-09-30 to 2024-12-31, filed 2025-02-14); Q3 2024 (2024-06-30 to 2024-09-30, filed 2024-11-14); Q2 2024 (2024-03-31 to 2024-06-30, filed 2024-08-01); Q1 2024 (2023-12-31 to 2024-03-31, filed 2024-05-02); Q3 2016 (2016-06-30 to 2016-09-30, filed 2016-11-09); Q2 2016 (2016-03-31 to 2016-06-30, filed 2016-08-19); Q1 2016 (2015-12-31 to 2016-03-31, filed 2016-05-12); Q4 2015 (2015-09-30 to 2015-12-31, filed 2016-02-16); Q3 2015 (2015-06-30 to 2015-09-30, filed 2015-11-19); Q2 2015 (2015-03-31 to 2015-06-30, filed 2015-08-05); Q1 2015 (2014-12-31 to 2015-03-31, filed 2015-05-21); Q4 2014 (2014-09-30 to 2014-12-31, filed 2015-02-06); Q3 2014 (2014-06-30 to 2014-09-30, filed 2014-11-10); Q2 2014 (2014-03-31 to 2014-06-30, filed 2014-08-04); Q1 2014 (2013-12-31 to 2014-03-31, filed 2014-05-07). Rows for the same security, class and put/call are added together. Value change is the filed value at each quarter end, so it includes the price move. Only the filings held here are compared; the firm's 13F-HR filings go back to the quarter ended 2013-12-31. Not compared, as a quarter between them is not held here yet: 2016-09-30 to 2023-12-31 (missing 2016-12-31, 2017-03-31, 2017-06-30, 2017-09-30, 2017-12-31, 2018-03-31, 2018-06-30, 2018-09-30, 2018-12-31, 2019-03-31, 2019-06-30, 2019-09-30, 2019-12-31, 2020-03-31, 2020-06-30, 2020-09-30, 2020-12-31, 2021-03-31, 2021-06-30, 2021-09-30, 2021-12-31, 2022-03-31, 2022-06-30, 2022-09-30, 2022-12-31, 2023-03-31, 2023-06-30, 2023-09-30).
| Quarter | Stock | Country of operation | Class | Shares before | Shares after | Share change | Value before | Value after | Value change | Filed |
|---|
| Q2 2026 | XLU
SELECT SECTOR SPDR TR | | STATE STREET UTI | 900,000 | 0 | -900,000 | $41,301,000 | $0 | -$41,301,000 | 2026-08-14 |
|---|
| Q2 2026 | XLV
SELECT SECTOR SPDR TR | | STATE STREET HEA | 201,000 | 0 | -201,000 | $29,468,610 | $0 | -$29,468,610 | 2026-08-14 |
|---|
| Q2 2026 | XHB
SPDR SERIES TRUST | | STATE STREET SPD | 100,000 | 0 | -100,000 | $9,872,000 | $0 | -$9,872,000 | 2026-08-14 |
|---|
| Q2 2026 | RSP
INVESCO EXCHANGE TRADED FD T | | S&P500 EQL WGT | 49,778 | 0 | -49,778 | $9,553,394 | $0 | -$9,553,394 | 2026-08-14 |
|---|
| Q2 2026 | ARKK
ARK ETF TR | | INNOVATION ETF | 87,577 | 0 | -87,577 | $5,919,329 | $0 | -$5,919,329 | 2026-08-14 |
|---|
| Q2 2026 | TAN
INVESCO EXCH TRADED FD TR II | | SOLAR ETF | 70,165 | 0 | -70,165 | $3,908,892 | $0 | -$3,908,892 | 2026-08-14 |
|---|
| Q2 2026 | XOP
SPDR SERIES TRUST | | STATE STREET SPD | 17,955 | 0 | -17,955 | $3,264,758 | $0 | -$3,264,758 | 2026-08-14 |
|---|
| Q1 2026 | KRE
SPDR SERIES TRUST | | STATE STREET SPD | 116,921 | 0 | -116,921 | $7,577,650 | $0 | -$7,577,650 | 2026-04-28 |
|---|
| Q1 2026 | EWZ
ISHARES INC | | MSCI BRAZIL ETF | 164,400 | 0 | -164,400 | $5,222,988 | $0 | -$5,222,988 | 2026-04-28 |
|---|
| Q4 2025 | XLV
SELECT SECTOR SPDR TR | | SBI HEALTHCARE | 301,000 | 0 | -301,000 | $41,890,170 | $0 | -$41,890,170 | 2026-02-10 |
|---|
| Q4 2025 | COPX
GLOBAL X FDS | | GLOBAL X COPPER | 359,999 | 0 | -359,999 | $21,531,540 | $0 | -$21,531,540 | 2026-02-10 |
|---|
| Q4 2025 | KWEB
KRANESHARES TRUST | | CSI CHI INTERNET | 323,100 | 0 | -323,100 | $13,573,431 | $0 | -$13,573,431 | 2026-02-10 |
|---|
| Q4 2025 | KSA
ISHARES TR | | MSCI SAUDI ARBIA | 200,000 | 0 | -200,000 | $8,116,000 | $0 | -$8,116,000 | 2026-02-10 |
|---|
| Q4 2025 | EIS
ISHARES INC | | MSCI ISRAEL ETF | 40,000 | 0 | -40,000 | $4,012,000 | $0 | -$4,012,000 | 2026-02-10 |
|---|
| Q3 2025 | KRE
SPDR SERIES TRUST | | S&P REGL BKG | 489,562 | 0 | -489,562 | $29,075,087 | $0 | -$29,075,087 | 2025-11-13 |
|---|
| Q3 2025 | XLF
SELECT SECTOR SPDR TR | | FINANCIAL | 387,400 | 0 | -387,400 | $20,288,138 | $0 | -$20,288,138 | 2025-11-13 |
|---|
| Q3 2025 | CALF
PACER FDS TR | | US SMALL CAP CAS | 291,259 | 0 | -291,259 | $11,596,477 | $0 | -$11,596,477 | 2025-11-13 |
|---|
| Q3 2025 | QQQ
INVESCO QQQ TR | | UNIT SER 1 | 18,764 | 0 | -18,764 | $10,350,973 | $0 | -$10,350,973 | 2025-11-13 |
|---|
| Q2 2025 | EWZ
ISHARES INC | | MSCI BRAZIL ETF | 2,500,000 | 0 | -2,500,000 | $64,625,000 | $0 | -$64,625,000 | 2025-08-14 |
|---|
| Q2 2025 | COPX
GLOBAL X FDS | | GLOBAL X COPPER | 190,001 | 0 | -190,001 | $7,423,339 | $0 | -$7,423,339 | 2025-08-14 |
|---|
| Q2 2025 | GDX
VANECK ETF TRUST | | GOLD MINERS ETF | 152,000 | 0 | -152,000 | $6,987,440 | $0 | -$6,987,440 | 2025-08-14 |
|---|
| Q2 2025 | IGV
ISHARES TR | | EXPANDED TECH | 30,000 | 0 | -30,000 | $2,669,700 | $0 | -$2,669,700 | 2025-08-14 |
|---|
| Q2 2025 | ARKK
ARK ETF TR | | INNOVATION ETF | 24,667 | 0 | -24,667 | $1,173,656 | $0 | -$1,173,656 | 2025-08-14 |
|---|
| Q1 2025 | IVV
ISHARES TR | | CORE S&P500 ETF | 2,171,290 | 0 | -2,171,290 | $1,278,194,997 | $0 | -$1,278,194,997 | 2025-05-15 |
|---|
| Q1 2025 | MDY
SPDR S&P MIDCAP 400 ETF TR | | UTSER1 S&PDCRP | 221,400 | 0 | -221,400 | $126,105,012 | $0 | -$126,105,012 | 2025-05-15 |
|---|
| Q1 2025 | CALF
PACER FDS TR | | PACER US SMALL | 414,266 | 0 | -414,266 | $18,231,847 | $0 | -$18,231,847 | 2025-05-15 |
|---|
| Q1 2025 | SPY
SPDR S&P 500 ETF TR | | TR UNIT | 30,000 | 0 | -30,000 | $17,582,400 | $0 | -$17,582,400 | 2025-05-15 |
|---|
| Q4 2024 | IWR
ISHARES TR | | RUS MID CAP ETF | 188,660 | 0 | -188,660 | $16,628,492 | $0 | -$16,628,492 | 2025-02-14 |
|---|
| Q4 2024 | IWF
ISHARES TR | | RUS 1000 GRW ETF | 34,745 | 0 | -34,745 | $13,042,578 | $0 | -$13,042,578 | 2025-02-14 |
|---|
| Q4 2024 | DVY
ISHARES TR | | SELECT DIVID ETF | 79,945 | 0 | -79,945 | $10,798,171 | $0 | -$10,798,171 | 2025-02-14 |
|---|
| Q4 2024 | VUG
VANGUARD INDEX FDS | | GROWTH ETF | 25,120 | 0 | -25,120 | $9,644,322 | $0 | -$9,644,322 | 2025-02-14 |
|---|
| Q4 2024 | XLY
SELECT SECTOR SPDR TR | | SBI CONS DISCR | 46,935 | 0 | -46,935 | $9,404,366 | $0 | -$9,404,366 | 2025-02-14 |
|---|
| Q3 2024 | RSP
INVESCO EXCHANGE TRADED FD T | | S&P500 EQL WGT | 221,650 | 0 | -221,650 | $36,412,662 | $0 | -$36,412,662 | 2024-11-14 |
|---|
| Q3 2024 | XLP
SELECT SECTOR SPDR TR | | SBI CONS STPLS | 261,865 | 0 | -261,865 | $20,053,622 | $0 | -$20,053,622 | 2024-11-14 |
|---|
| Q3 2024 | MDY
SPDR S&P MIDCAP 400 ETF TR | | UTSER1 S&PDCRP | 28,645 | 0 | -28,645 | $15,327,367 | $0 | -$15,327,367 | 2024-11-14 |
|---|
| Q3 2024 | COPX
GLOBAL X FDS | | GLOBAL X COPPER | 329,200 | 0 | -329,200 | $14,850,212 | $0 | -$14,850,212 | 2024-11-14 |
|---|
| Q3 2024 | XLU
SELECT SECTOR SPDR TR | | SBI INT-UTILS | 200,640 | 0 | -200,640 | $13,671,610 | $0 | -$13,671,610 | 2024-11-14 |
|---|
| Q3 2024 | KRE
SPDR SER TR | | S&P REGL BKG | 166,905 | 0 | -166,905 | $8,195,036 | $0 | -$8,195,036 | 2024-11-14 |
|---|
| Q3 2024 | FXI
ISHARES TR | | CHINA LG-CAP ETF | 217,686 | 0 | -217,686 | $5,657,659 | $0 | -$5,657,659 | 2024-11-14 |
|---|
| Q3 2024 | XLE
SELECT SECTOR SPDR TR | | ENERGY | 50,000 | 0 | -50,000 | $4,557,500 | $0 | -$4,557,500 | 2024-11-14 |
|---|
| Q2 2024 | HYG
ISHARES TR | | IBOXX HI YD ETF | 2,195,600 | 0 | -2,195,600 | $170,663,988 | $0 | -$170,663,988 | 2024-08-01 |
|---|
| Q2 2024 | QQQ
INVESCO QQQ TR | | UNIT SER 1 | 136,000 | 0 | -136,000 | $60,385,360 | $0 | -$60,385,360 | 2024-08-01 |
|---|
| Q2 2024 | EWY
ISHARES INC | | MSCI STH KOR ETF | 600,000 | 0 | -600,000 | $40,266,000 | $0 | -$40,266,000 | 2024-08-01 |
|---|
| Q2 2024 | XBI
SPDR SER TR | | S&P BIOTECH | 110,000 | 0 | -110,000 | $10,437,900 | $0 | -$10,437,900 | 2024-08-01 |
|---|
| Q2 2024 | SMH
VANECK ETF TRUST | | SEMICONDUCTR ETF | 41,000 | 0 | -41,000 | $9,224,590 | $0 | -$9,224,590 | 2024-08-01 |
|---|
| Q2 2024 | XLK
SELECT SECTOR SPDR TR | | TECHNOLOGY | 39,440 | 0 | -39,440 | $8,214,169 | $0 | -$8,214,169 | 2024-08-01 |
|---|
| Q2 2024 | GDX
VANECK ETF TRUST | | GOLD MINERS ETF | 141,925 | 0 | -141,925 | $4,487,669 | $0 | -$4,487,669 | 2024-08-01 |
|---|
| Q1 2024 | XLU
SELECT SECTOR SPDR TR | | SBI INT-UTILS | 1,244,935 | 0 | -1,244,935 | $78,841,734 | $0 | -$78,841,734 | 2024-05-02 |
|---|
| Q1 2024 | SCHD
SCHWAB STRATEGIC TR | | US DIVIDEND EQ | 279,770 | 0 | -279,770 | $21,298,890 | $0 | -$21,298,890 | 2024-05-02 |
|---|
| Q1 2024 | KWEB
KRANESHARES TR | | CSI CHI INTERNET | 570,000 | 0 | -570,000 | $15,390,000 | $0 | -$15,390,000 | 2024-05-02 |
|---|
| Q1 2024 | IWO
ISHARES TR | | RUS 2000 GRW ETF | 51,820 | 0 | -51,820 | $13,070,040 | $0 | -$13,070,040 | 2024-05-02 |
|---|
| Q1 2024 | XRT
SPDR SER TR | | S&P RETAIL ETF | 69,465 | 0 | -69,465 | $5,023,709 | $0 | -$5,023,709 | 2024-05-02 |
|---|
| Q2 2016 | FEZ
SPDR EURO STOXX 50 ETF | | COM | 67,498 | 0 | -67,498 | $2,243,000 | $0 | -$2,243,000 | 2016-08-19 |
|---|
| Q2 2016 | ISHARES MSCI JAPAN IDX
CUSIP 464286848 | | COM | 100,668 | 0 | -100,668 | $1,149,000 | $0 | -$1,149,000 | 2016-08-19 |
|---|
| Q4 2015 | VPL
VANGUARD FTSE PACIFIC ETF | | COM | 703,200 | 0 | -703,200 | $37,755,000 | $0 | -$37,755,000 | 2016-02-16 |
|---|
| Q4 2015 | ISHARES MSCI TAIWAN INDEX FD
CUSIP 464286731 | | COM | 139,000 | 0 | -139,000 | $1,829,000 | $0 | -$1,829,000 | 2016-02-16 |
|---|
| Q3 2015 | INDA
ISHARES MSCI INDIA ETF | | COM | 73,580 | 0 | -73,580 | $2,230,000 | $0 | -$2,230,000 | 2015-11-19 |
|---|
| Q3 2015 | ISHARES MSCI JAPAN IDX
CUSIP 464286848 | | COM | 171,514 | 0 | -171,514 | $2,197,000 | $0 | -$2,197,000 | 2015-11-19 |
|---|
| Q4 2014 | EWY
ISHARES MSCI SOUTH KOREA CAPPE | | COM | 350,000 | 0 | -350,000 | $21,179,000 | $0 | -$21,179,000 | 2015-02-06 |
|---|
| Q4 2014 | XLK
AMEX TECH SELECT SPDR IDX | | COM | 113,810 | 0 | -113,810 | $4,542,000 | $0 | -$4,542,000 | 2015-02-06 |
|---|
| Q4 2014 | EWC
ISHARES MSCI CANADA | | COM | 59,770 | 0 | -59,770 | $1,835,000 | $0 | -$1,835,000 | 2015-02-06 |
|---|
| Q3 2014 | IWM
ISHARES TR-RUSSELL 2000 IDX | | COM | 178,000 | 0 | -178,000 | $21,148,000 | $0 | -$21,148,000 | 2014-11-10 |
|---|
| Q3 2014 | ISHARES MSCI ITALY CAPPED IND
CUSIP 464286855 | | COM | 120,400 | 0 | -120,400 | $2,093,000 | $0 | -$2,093,000 | 2014-11-10 |
|---|
| Q2 2014 | FEZ
SPDR EURO STOXX 50 ETF | | COM | 107,360 | 0 | -107,360 | $4,580,000 | $0 | -$4,580,000 | 2014-08-04 |
|---|
| Q1 2014 | VGK
VANGUARD FTSE EUROPE ETF | | COM | 1,035,000 | 0 | -1,035,000 | $60,858,000 | $0 | -$60,858,000 | 2014-05-07 |
|---|
| Q1 2014 | EEM
ISHARES MSCI EMERGING MKT IN | | COM | 1,129,500 | 0 | -1,129,500 | $47,179,000 | $0 | -$47,179,000 | 2014-05-07 |
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