Q2 2026 13F · SEC CIK 1536080

Banco BTG Pactual S.A.

Bank & trustFiled 2026-08-07 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $751.6M
Reported positions: 136
Top holdings a year, 3 yrs: +14.5%
Average holding period: 3 qtrs

Banco BTG Pactual S.A. is a bank & trust that reported 136 positions worth $751.6M in its Q2 2026 13F, filed 2026-08-07. Its largest holdings were State Str Spdr S&p 500 ETF T (SPY, 9.3%), Ishares Tr (HYG, 8.0%), Vanguard Index Fds (VOO, 6.5%). A portfolio copying its top holdings returned 14.5% a year over the last 3 years, against 20.4% for the S&P 500.

Banco BTG Pactual S.A. holdings largest 50 of 136 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Banco BTG Pactual S.A. 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
SPYState Str Spdr S&p 500 ETF T	9.3%	8.9%	93,600	+33.7%	$69.9M
HYGIshares Tr	8.0%	11.1%	751,373	+5.4%	$60.1M
VOOVanguard Index Fds	6.5%	7.0%	70,918	+18.3%	$48.7M
IWMIshares Tr	6.4%	6.8%	160,000	+14.3%	$48.1M
EWWIshares Inc	6.1%	7.5%	611,127	+19.6%	$46.0M
EWZIshares Inc	5.1%	5.6%	1,115,073	+48.5%	$38.5M
TSLATesla Inc	4.3%	3.8%	77,042	+48.0%	$32.4M
AVGOBroadcom Inc	3.5%	4.2%	70,366	+0.3%	$26.6M
CIBGrupo Cibest SA Fsponsored ADR 1 ADR Rep	3.4%	1.2%	323,276	+288.5%	$25.7M
XLPSelect Sector Spdr Tr	3.2%	5.7%	285,500	-19.3%	$23.7M
XLESelect Sector Spdr Tr	3.0%	3.1%	431,202	+68.8%	$22.9M
JAAAJanus Detroit Str Tr	2.3%	4.2%	342,802	-20.2%	$17.3M
RIORio Tinto PLC	2.2%	—	170,511	—	$16.2M
WMTWalmart Inc	1.9%	2.0%	128,500	+54.8%	$14.6M
CPACopa Holdings SA	1.8%	1.9%	85,000	+0.0%	$13.2M
SMHVaneck ETF Trust	1.7%	0.3%	19,609	+333.0%	$12.9M
NUNu Hldgs Ltd	1.7%	0.7%	939,839	+290.4%	$12.6M
JBBBJanus Detroit Str Tr	1.7%	2.0%	264,830	+22.7%	$12.5M
KRESpdr Series Trust	1.5%	1.9%	150,000	+0.0%	$11.2M
QQQInvesco Qqq Tr	1.5%	—	15,000	—	$11.0M
AAPLApple Inc	1.4%	—	37,004	—	$10.7M
XRTSpdr Series Trust	1.4%	2.4%	122,000	-18.7%	$10.7M
SPCXSpace Exploration Techn Corp	1.2%	—	51,707	—	$8.8M
GEVGe Vernova Inc	1.1%	—	7,160	—	$8.4M
INTCIntel Corp	0.9%	—	50,000	—	$7.0M
BNBrookfield Corp	0.9%	1.2%	157,392	+0.1%	$6.7M
ECEcopetrol SA	0.8%	0.5%	402,757	+116.6%	$5.7M
QCOMQualcomm Inc	0.7%	—	30,015	—	$5.5M
FCXFreeport Mcmoran Inc	0.7%	—	85,000	—	$5.3M
ENICEnel Chile SA	0.7%	0.2%	1,138,705	+260.3%	$5.1M
AUGOAura Minerals Inc	0.6%	1.2%	76,777	+0.0%	$4.8M
ECHIshares Inc	0.6%	1.0%	118,993	-11.2%	$4.7M
IGVIshares Tr	0.6%	—	50,000	—	$4.5M
AMZNAmazon Com Inc	0.6%	0.7%	18,233	+4.3%	$4.3M
AMDAdvanced Micro Devices Inc	0.6%	0.6%	7,346	-53.0%	$4.3M
UBERUber Technologies Inc	0.5%	—	56,103	—	$4.0M
71531T105Pershing Square USA Ltd Com Shs	0.5%	—	92,625	—	$3.5M
VXUSVanguard Star Fds	0.4%	0.6%	36,552	+0.0%	$3.1M
GDXVaneck ETF Trust	0.4%	—	40,000	—	$3.0M
NVDANvidia Corporation	0.4%	0.2%	14,867	+161.0%	$3.0M
IBITIshares Bitcoin Trust ETF	0.4%	—	81,705	—	$2.7M
OUNZVaneck Merk Gold Trust	0.3%	0.2%	65,795	+136.7%	$2.5M
QQQINeos ETF Trust	0.3%	0.3%	43,865	+53.2%	$2.5M
INTRInter & Co Inc	0.3%	—	439,845	—	$2.4M
IAUIshares Gold Tr	0.3%	0.5%	31,440	+0.7%	$2.4M
JBSJbs N.v.	0.3%	0.7%	191,081	+0.0%	$2.3M
BNDVanguard Bd Index Fds	0.3%	1.1%	29,112	-60.9%	$2.1M
XOMExxon Mobil Corp	0.3%	0.5%	15,428	-1.0%	$2.1M
GGALGrupo Financiero Galicia S.a	0.3%	—	40,294	—	$2.0M
CEPUCentral Puerto S A	0.3%	—	135,312	—	$2.0M

What Banco BTG Pactual S.A. bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +18.8% /yr; S&P 500 +20.1%
3 years: +14.5% /yr; S&P 500 +20.4%
5 years: +13.6% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$751.6M	136
Q1 2026	$512.6M	102
Q4 2025	$564.5M	158
Q3 2025	$684.1M	152
Q2 2025	$491.5M	153
Q1 2025	$400.8M	157
Q4 2024	$427.0M	151
Q3 2024	$385.2M	130
Q2 2024	$391.3M	127
Q1 2024	$321.2M	134
Q4 2023	$441.0M	108
Q3 2023	$246.3M	101

Questions about Banco BTG Pactual S.A.'s portfolio

What stocks does Banco BTG Pactual S.A. own?

Banco BTG Pactual S.A.'s latest 13F, for Q2 2026 and filed Aug 7, 2026, lists 136 positions worth $751.6M. The largest are State Str Spdr S&p 500 ETF T (SPY) at 9.3%, Ishares Tr (HYG) at 8.0%, Vanguard Index Fds (VOO) at 6.5%, Ishares Tr (IWM) at 6.4% and Ishares Inc (EWW) at 6.1%.

What did Banco BTG Pactual S.A. buy last quarter?

In Q2 2026, Banco BTG Pactual S.A. added Vaneck ETF Trust (SMH) (+333.0% shares), Nu Hldgs Ltd (NU) (+290.4% shares) and Grupo Cibest SA Fsponsored ADR 1 ADR Rep (CIB) (+288.5% shares), compared with its Q1 2026 filing.

What did Banco BTG Pactual S.A. sell last quarter?

In Q2 2026, Banco BTG Pactual S.A. cut from its top 50 Ishares Tr (FXI), cut from its top 50 Vanguard Intl Equity Index F (VT), cut from its top 50 Taiwan Semiconductor Manufac (TSM), cut from its top 50 Neos ETF Trust (SPYI), cut from its top 50 Welltower Inc (WELL), Vanguard Bd Index Fds (BND) (-60.9% shares), Advanced Micro Devices Inc (AMD) (-53.0% shares) and Janus Detroit Str Tr (JAAA) (-20.2% shares), compared with its Q1 2026 filing.

How has Banco BTG Pactual S.A.'s portfolio performed?

A portfolio copying Banco BTG Pactual S.A.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +14.5% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +18.8% against +20.1%. Over 5 years: +13.6% a year against +11.6%.

When is Banco BTG Pactual S.A.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. Banco BTG Pactual S.A.'s filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.