BTG Pactual Asset Management US LLC
Long book
$1.01B
Q1 2026
Positions
302
Top-10 weight
38%
concentration
Last quarter
+10.3%
SPY +14.8%
Turnover
57%
of book per quarter
Strategy in plain words
auto-generated from filingsBTG Pactual Asset Management US LLC is a quantitative fund whose holdings reflect models, not opinions, running a $1.01B US long book across 302 positions.
The portfolio is moderately concentrated (top 10 ≈ 38% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: VANGUARD S&P 500 ETF, ISHARES RUSSELL 1000 GROWTH, VANGUARD MEGA CAP GROWTH ETF, VANGUARD MEGA CAP VALUE ETF, NVIDIA CORP.
Over the last 8 quarters its long book ran on average 1pp per quarter ahead of the S&P 500, beating the index in 5 of 8 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q2 2024
+7.6%
Q3 2024
-0.3%
Q4 2024
-1.6%
Q1 2025
+15.1%
Q2 2025
+11.5%
Q3 2025
+2.3%
Q4 2025
-0.5%
Q1 2026
+10.3%
Sector allocation
Utilities 31%
Technology 20%
Financials 15%
Healthcare 7%
Consumer discretionary 6%
Industrials 6%
Services media 5%
Energy 3%
Long book by quarter
What does BTG Pactual own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 148.7K | $25.9M | 2.6% | +38.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 120.8K | $25.2M | 2.5% | +20.9% |
| GOOG ALPHABET INC-CL C | Technology | 75.8K | $21.8M | 2.2% | -4.4% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 45.0K | $21.6M | 2.1% | -3.9% |
| JPM JPMORGAN CHASE & CO | Financials | 51.6K | $15.2M | 1.5% | -7.3% |
| AEE AMEREN CORPORATION | Utilities | 132.7K | $14.6M | 1.4% | +120.7% |
| D DOMINION ENERGY INC | Utilities | 202.2K | $12.5M | 1.2% | +69.8% |
| WEC WEC ENERGY GROUP INC | Utilities | 106.1K | $12.3M | 1.2% | +1.0% |
| AEP AMERICAN ELECTRIC POWER | Utilities | 93.0K | $12.2M | 1.2% | +19.0% |
| GEV GE VERNOVA INC | Industrials | 13.1K | $11.4M | 1.1% | -3.1% |
| META META PLATFORMS INC-CLASS A | Technology | 19.7K | $11.3M | 1.1% | +12.2% |
| LLY ELI LILLY & CO | Healthcare | 11.9K | $11.0M | 1.1% | +21.8% |
| XEL XCEL ENERGY INC | Utilities | 135.2K | $10.7M | 1.1% | -28.6% |
| OGS ONE GAS INC | Utilities | 105.3K | $9.1M | 0.9% | +21.8% |
| WTRG ESSENTIAL UTILITIES INC | Utilities | 217.7K | $8.8M | 0.9% | New |
| PCG P G & E CORP | Utilities | 483.3K | $8.5M | 0.8% | +90.9% |
| VST VISTRA CORP | Utilities | 56.2K | $8.4M | 0.8% | +42.9% |
| NU NU HOLDINGS LTD/CAYMAN ISL-A | Financials | 513.9K | $7.4M | 0.7% | +789.6% |
| V VISA INC-CLASS A SHARES | Services media | 24.1K | $7.3M | 0.7% | -28.6% |
| VISN VISTANCE NETWORKS INC | Technology | 400.0K | $7.3M | 0.7% | New |
| FE FIRSTENERGY CORP | Utilities | 142.5K | $7.2M | 0.7% | New |
| CEG CONSTELLATION ENERGY | Utilities | 24.6K | $6.9M | 0.7% | -2.9% |
| MSFT MICROSOFT CORP | Technology | 18.2K | $6.7M | 0.7% | -10.2% |
| URI UNITED RENTALS INC | Services media | 9.0K | $6.5M | 0.6% | +16.5% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 22.6K | $6.5M | 0.6% | New |
| ABBV ABBVIE INC | Healthcare | 28.5K | $6.2M | 0.6% | +24.5% |
| TIGO MILLICOM INTL CELLULAR S.A. | Communications | 77.7K | $5.8M | 0.6% | -1.4% |
| OGE OGE ENERGY CORP | Utilities | 119.7K | $5.7M | 0.6% | -64.8% |
| CMS CMS ENERGY CORP | Utilities | 70.9K | $5.5M | 0.5% | New |
| WBS WEBSTER FINANCIAL CORP | Financials | 70.0K | $4.9M | 0.5% | New |
| EA ELECTRONIC ARTS INC | Technology | 23.0K | $4.7M | 0.5% | New |
| ED CONSOLIDATED EDISON INC | Utilities | 40.4K | $4.6M | 0.5% | New |
| GOOGL ALPHABET INC-CL A | Technology | 15.6K | $4.5M | 0.4% | +98.9% |
| CVX CHEVRON CORP | Energy | 21.3K | $4.4M | 0.4% | -4.4% |
| MELI MERCADOLIBRE INC | Services media | 2.5K | $4.4M | 0.4% | +405.8% |
| HCA HCA HEALTHCARE INC | Healthcare | 9.1K | $4.3M | 0.4% | +23.1% |
| WBD WARNER BROS DISCOVERY INC | Communications | 142.0K | $3.9M | 0.4% | New |
| KVUE KENVUE INC | Other | 223.9K | $3.9M | 0.4% | New |
| PPL PPL CORP | Utilities | 99.3K | $3.8M | 0.4% | New |
| SYK STRYKER CORP | Healthcare | 9.5K | $3.5M | 0.4% | +21.9% |
| ECHO ECHOSTAR CORP-A | Communications | 30.0K | $3.5M | 0.3% | New |
| AVGO BROADCOM INC | Technology | 10.2K | $3.2M | 0.3% | +61.4% |
| RPRX ROYALTY PHARMA PLC- CL A | Healthcare | 59.7K | $2.9M | 0.3% | -10.5% |
| BKH BLACK HILLS CORP | Utilities | 41.0K | $2.8M | 0.3% | +40.9% |
| CFG CITIZENS FINANCIAL GROUP | Financials | 47.1K | $2.8M | 0.3% | +57.4% |
| B BARRICK MINING CORP | Materials | 66.3K | $2.7M | 0.3% | New |
| AAPL APPLE INC | Technology | 10.1K | $2.6M | 0.3% | +53.5% |
| SLB SLB LTD | Energy | 44.6K | $2.3M | 0.2% | New |
| TAC TRANSALTA CORP | Utilities | 169.2K | $2.2M | 0.2% | -9.5% |
| CNP CENTERPOINT ENERGY INC | Utilities | 50.4K | $2.2M | 0.2% | -83.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 330 | $1.16B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 243 | $1.03B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 248 | $2.13B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 248 | $913.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 268 | $934.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 279 | $963.2M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 240 | $1.16B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 132 | $678.8M | canonical | SEC ↗ |
| Q1 2024 | 13F-NT | May 14, 2024 | — | $0 | SEC ↗ |
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