Absolute Gestao de Investimentos Ltda.
SAO PAULO, D5
$363m in 34 US stocks at the end of 30 June 2026. The top 10 are 80.7% of the money. It changed about 69.5% of the portfolio this quarter.
Value
$363m
Stocks
34
Top 10 share
80.7%
Turnover
69.5%
What changed this quarter
New
Bought for the first time this quarter.
- Nuvalent11.9% of the fund
- Apogee TherapeuticsAPGE7.5% of the fund
- Chart Inds4.3% of the fund
- Vaneck ETF Trust Chinext Innovators ETFCNXT3.1% of the fund
- OrganonOGN2.5% of the fund
- RokuROKU2.3% of the fund
- IsharesEWJ1.9% of the fund
- Clear Channel Outdoor HoldingsCCO1.0% of the fund
- Esperion Therapeutics INC NE0.9% of the fund
- Vista Energy S.A.B. de C.V.VIST0.6% of the fund
- MicrosoftMSFT0.5% of the fund
- Gas Transporter of the SouthTGS0.4% of the fund
- Zeta Global HoldingsZETA0.3% of the fund
- DBX ETF TRASHR0.3% of the fund
- Companhia de Saneamento BasiSBS0.2% of the fund
- Invesco Exchange Traded FD TRSP0.2% of the fund
- BrazeBRZE<0.1% of the fund
Added
Bought more of a stock they already held.
- Webster FinancialWBS13.7% of the fund+117%
- Aura MineralsAUGO1.0% of the fund+1379%
- Telecom Argentina SATEO0.8% of the fund+157%
- AGIAGBK0.5% of the fund+404%
Cut
Sold some of their stake.
- Electronic ArtsEA16.4% of the fund-14%
- Petroleo Brasileiro S APBR-A10.4% of the fund-18%
- Pampa EnergyPAM5.0% of the fund-23%
- Allied GoldAAUC3.4% of the fund-69%
- dLocalDLO1.3% of the fund-59%
- Macro BankBMA0.9% of the fund-65%
- Central Puerto S ACEPU0.8% of the fund-31%
- UnifirstUNF0.6% of the fund-85%
- Taiwan Semiconductor ManufacturingTSM0.6% of the fund-79%
- KKRKKR0.6% of the fund-51%
- Amazon.comAMZN0.5% of the fund-78%
- AlphabetGOOGL0.5% of the fund-50%
Sold out
Sold their entire stake.
- Ishares TREEM-100%
- Ishares TREFA-100%
- Hologic-100%
- IsharesEWZ-100%
- IsharesEWC-100%
- IsharesEWA-100%
- Vaneck ETF TrustEMLC-100%
- Apellis Pharmaceuticals-100%
- MercadoLibreMELI-100%
- Clearwater Analytics Hldgs I-100%
- Nu HoldingsNU-100%
- Terns Pharmaceuticals-100%
- PagSeguro DigitalPAGS-100%
- XPXP-100%
- Grupo Financiero Galicia S.AGGAL-100%
- Onestream-100%
- IsharesEWY-100%
- Janus Henderson Group-100%
- Micron TechnologyMU-100%
- JPMorgan ChaseJPM-100%
- Meta PlatformsMETA-100%
- Udemy-100%
- Loma Negra Compania Industrial Argentina Sociedad AnonimaLOMA-100%
- StoneCoSTNE-100%
- FS KKR CapitalFSK-100%
Holdings
- Electronic ArtsEA
- Share
- 16.4%
- Value
- $60m
- Shares
- 290,934
-14%
- Webster FinancialWBS
- Share
- 13.7%
- Value
- $50m
- Shares
- 650,619
+117%
- Nuvalent
- Share
- 11.9%
- Value
- $43m
- Shares
- 350,000
New
- Petroleo Brasileiro S APBR-A
- Share
- 10.4%
- Value
- $38m
- Shares
- 2,580,300
-18%
- Apogee TherapeuticsAPGE
- Share
- 7.5%
- Value
- $27m
- Shares
- 205,000
New
- Chart Inds
- Share
- 4.3%
- Value
- $16m
- Shares
- 74,717
New
- Allied GoldAAUC
- Share
- 3.4%
- Value
- $12m
- Shares
- 518,968
-69%
- Vaneck ETF Trust Chinext Innovators ETFCNXT
- Share
- 3.1%
- Value
- $11m
- Shares
- 178,585
New
- IsharesEWJ
- Share
- 1.9%
- Value
- $7m
- Shares
- 75,000
New
- Esperion Therapeutics INC NE
- Share
- 0.9%
- Value
- $3m
- Shares
- 997,000
New
- Central Puerto S ACEPU
- Share
- 0.8%
- Value
- $3m
- Shares
- 198,380
-31%
- Vista Energy S.A.B. de C.V.VIST
- Share
- 0.6%
- Value
- $2m
- Shares
- 35,000
New
- DBX ETF TRASHR
- Share
- 0.3%
- Value
- $916,500
- Shares
- 25,000
New
- Companhia de Saneamento BasiSBS
- Share
- 0.2%
- Value
- $876,306
- Shares
- 151,610
New
- Invesco Exchange Traded FD TRSP
- Share
- 0.2%
- Value
- $638,310
- Shares
- 3,000
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Electronic ArtsEA | 16.4% | $60m | 290,934 | -14% |
| Webster FinancialWBS | 13.7% | $50m | 650,619 | +117% |
| Nuvalent | 11.9% | $43m | 350,000 | New |
| Petroleo Brasileiro S APBR-A | 10.4% | $38m | 2,580,300 | -18% |
| Apogee TherapeuticsAPGE | 7.5% | $27m | 205,000 | New |
| Pampa EnergyPAM | 5.0% | $18m | 222,572 | -23% |
| KenvueKVUE | 4.9% | $18m | 923,260 | Held |
| Chart Inds | 4.3% | $16m | 74,717 | New |
| Allied GoldAAUC | 3.4% | $12m | 518,968 | -69% |
| Vaneck ETF Trust Chinext Innovators ETFCNXT | 3.1% | $11m | 178,585 | New |
| OrganonOGN | 2.5% | $9m | 665,230 | New |
| RokuROKU | 2.3% | $8m | 61,000 | New |
| IsharesEWJ | 1.9% | $7m | 75,000 | New |
| dLocalDLO | 1.3% | $5m | 364,508 | -59% |
| Clear Channel Outdoor HoldingsCCO | 1.0% | $4m | 1,570,846 | New |
| Aura MineralsAUGO | 1.0% | $3m | 55,467 | +1379% |
| Macro BankBMA | 0.9% | $3m | 35,507 | -65% |
| Esperion Therapeutics INC NE | 0.9% | $3m | 997,000 | New |
| Central Puerto S ACEPU | 0.8% | $3m | 198,380 | -31% |
| Telecom Argentina SATEO | 0.8% | $3m | 222,922 | +157% |
| UnifirstUNF | 0.6% | $2m | 8,450 | -85% |
| Vista Energy S.A.B. de C.V.VIST | 0.6% | $2m | 35,000 | New |
| Taiwan Semiconductor ManufacturingTSM | 0.6% | $2m | 4,500 | -79% |
| KKRKKR | 0.6% | $2m | 22,500 | -51% |
| Amazon.comAMZN | 0.5% | $2m | 8,000 | -78% |
| MicrosoftMSFT | 0.5% | $2m | 5,000 | New |
| AGIAGBK | 0.5% | $2m | 263,115 | +404% |
| AlphabetGOOGL | 0.5% | $2m | 5,000 | -50% |
| Gas Transporter of the SouthTGS | 0.4% | $2m | 51,488 | New |
| Zeta Global HoldingsZETA | 0.3% | $984,000 | 50,000 | New |
| DBX ETF TRASHR | 0.3% | $916,500 | 25,000 | New |
| Companhia de Saneamento BasiSBS | 0.2% | $876,306 | 151,610 | New |
| Invesco Exchange Traded FD TRSP | 0.2% | $638,310 | 3,000 | New |
| BrazeBRZE | <0.1% | $325,350 | 15,000 | New |
Options (7)
- Ishares
- Type
- Call
- Value
- $293m
- Contracts
- 8,500,000
- Select Sector Spdr TR
- Type
- Call
- Value
- $230m
- Contracts
- 4,285,000
- Ishares TR
- Type
- Call
- Value
- $62m
- Contracts
- 600,000
- State STR Spdr DOW Jones IND
- Type
- Call
- Value
- $37m
- Contracts
- 70,000
- Invesco QQQ TR
- Type
- Put
- Value
- $7m
- Contracts
- 10,000
- Space Exploration Techn
- Type
- Put
- Value
- $2m
- Contracts
- 10,000
- KKR
- Type
- Call
- Value
- $440,544
- Contracts
- 4,800
| Company | Type | Value | Contracts |
|---|---|---|---|
| Ishares | Call | $293m | 8,500,000 |
| Select Sector Spdr TR | Call | $230m | 4,285,000 |
| Ishares TR | Call | $62m | 600,000 |
| State STR Spdr DOW Jones IND | Call | $37m | 70,000 |
| Invesco QQQ TR | Put | $7m | 10,000 |
| Space Exploration Techn | Put | $2m | 10,000 |
| KKR | Call | $440,544 | 4,800 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 17.9% since 30 June 2025.
Where the money is
Technology19.2%
Financial services15.7%
Health care10.0%
Utilities5.5%
Everyday goods4.9%
Media & telecom4.7%
Materials4.4%
Retail & consumer1.1%
Other34.6%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.