JGP Global Gestao de Recursos Ltda.
RIO DE JANEIRO, D5
$45m in 29 US stocks at the end of 30 June 2026. The top 10 are 85.1% of the money. It changed about 65.0% of the portfolio this quarter.
Value
$45m
Stocks
29
Top 10 share
85.1%
Turnover
65.0%
What changed this quarter
New
Bought for the first time this quarter.
- State STR Spdr S&P 500 ETF TSPY17.2% of the fund
- SoftBank GroupSFTBY9.5% of the fund
- VeonVEON7.8% of the fund
- Prosus N V FPROSY6.7% of the fund
- AtaiBeckleyATAI5.9% of the fund
- EchoStarECHO4.9% of the fund
- CK Hutchison Holdin-Unsp ADRCKHUY3.4% of the fund
- Itau Unibanco Hldg S AITUB3.1% of the fund
- UnitedHealth GroupUNH1.2% of the fund
- MerckMRK1.0% of the fund
- STMicroelectronicsSTM0.9% of the fund
- Revolution MedicinesRVMD0.7% of the fund
- StrykerSYK0.5% of the fund
- Acadia PharmaceuticalsACAD0.5% of the fund
- Pony AIPONY0.3% of the fund
Added
Bought more of a stock they already held.
- XPXP23.9% of the fund+153%
- Johnson & JohnsonJNJ1.3% of the fund+11%
- Vertex PharmaceuticalsVRTX0.8% of the fund+35%
Cut
Sold some of their stake.
- Eli LillyLLY2.9% of the fund-11%
- AbbVieABBV1.6% of the fund-7%
- Gilead SciencesGILD0.6% of the fund-8%
- Thermo Fisher ScientificTMO0.6% of the fund-24%
- Abbott LaboratoriesABT0.6% of the fund-7%
- Intuitive SurgicalISRG0.5% of the fund-25%
Sold out
Sold their entire stake.
- StoneCoSTNE-100%
- Nu HoldingsNU-100%
- Taiwan Semiconductor ManufacturingTSM-100%
- NvidiaNVDA-100%
- MckessonMCK-100%
- ZoetisZTS-100%
- InsmedINSM-100%
- Vnet GroupVNET-100%
- Boston ScientificBSX-100%
Holdings
- State STR Spdr S&P 500 ETF TSPY
- Share
- 17.2%
- Value
- $8m
- Shares
- 10,290
New
- SoftBank GroupSFTBY
- Share
- 9.5%
- Value
- $4m
- Shares
- 225,833
New
- VeonVEON
- Share
- 7.8%
- Value
- $3m
- Shares
- 66,750
New
- Prosus N V FPROSY
- Share
- 6.7%
- Value
- $3m
- Shares
- 342,397
New
- AtaiBeckleyATAI
- Share
- 5.9%
- Value
- $3m
- Shares
- 500,000
New
- CK Hutchison Holdin-Unsp ADRCKHUY
- Share
- 3.4%
- Value
- $2m
- Shares
- 179,486
New
- Itau Unibanco Hldg S AITUB
- Share
- 3.1%
- Value
- $1m
- Shares
- 167,800
New
- Beone MedicinesONC
- Share
- 1.1%
- Value
- $487,584
- Shares
- 1,711
Held
- Pony AIPONY
- Share
- 0.3%
- Value
- $128,506
- Shares
- 18,490
New
- OI Sa-Adr
- Share
- <0.1%
- Value
- $13,078
- Shares
- 50,301
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| XPXP | 23.9% | $11m | 657,219 | +153% |
| State STR Spdr S&P 500 ETF TSPY | 17.2% | $8m | 10,290 | New |
| SoftBank GroupSFTBY | 9.5% | $4m | 225,833 | New |
| VeonVEON | 7.8% | $3m | 66,750 | New |
| Prosus N V FPROSY | 6.7% | $3m | 342,397 | New |
| AtaiBeckleyATAI | 5.9% | $3m | 500,000 | New |
| EchoStarECHO | 4.9% | $2m | 21,635 | New |
| CK Hutchison Holdin-Unsp ADRCKHUY | 3.4% | $2m | 179,486 | New |
| Itau Unibanco Hldg S AITUB | 3.1% | $1m | 167,800 | New |
| Eli LillyLLY | 2.9% | $1m | 1,098 | -11% |
| AbbVieABBV | 1.6% | $722,458 | 2,871 | -7% |
| IncyteINCY | 1.4% | $637,083 | 5,620 | Held |
| Johnson & JohnsonJNJ | 1.3% | $601,401 | 2,368 | +11% |
| UnitedHealth GroupUNH | 1.2% | $516,628 | 1,243 | New |
| Beone MedicinesONC | 1.1% | $487,584 | 1,711 | Held |
| MerckMRK | 1.0% | $433,302 | 3,372 | New |
| STMicroelectronicsSTM | 0.9% | $400,512 | 5,348 | New |
| Vertex PharmaceuticalsVRTX | 0.8% | $360,129 | 725 | +35% |
| Bristol-Myers SquibbBMY | 0.8% | $354,593 | 6,154 | Held |
| Revolution MedicinesRVMD | 0.7% | $332,984 | 1,778 | New |
| Gilead SciencesGILD | 0.6% | $270,115 | 2,138 | -8% |
| Thermo Fisher ScientificTMO | 0.6% | $267,726 | 534 | -24% |
| Abbott LaboratoriesABT | 0.6% | $260,787 | 2,874 | -7% |
| Madrigal PharmaceuticalsMDGL | 0.5% | $232,499 | 433 | Held |
| Intuitive SurgicalISRG | 0.5% | $225,087 | 566 | -25% |
| StrykerSYK | 0.5% | $217,554 | 691 | New |
| Acadia PharmaceuticalsACAD | 0.5% | $205,183 | 8,110 | New |
| Pony AIPONY | 0.3% | $128,506 | 18,490 | New |
| OI Sa-Adr | <0.1% | $13,078 | 50,301 | Held |
Options (5)
- NvidiaNVDA
- Type
- Put
- Value
- $373,500
- Contracts
- 3,000
- AlbemarleALB
- Type
- Put
- Value
- $134,320
- Contracts
- 920
- BaiduBIDU
- Type
- Put
- Value
- $19,500
- Contracts
- 1,000
- XPXP
- Type
- Put
- Value
- $8,100
- Contracts
- 180
- XPXP
- Type
- Call
- Value
- $1,800
- Contracts
- 180
| Company | Type | Value | Contracts |
|---|---|---|---|
| NvidiaNVDA | Put | $373,500 | 3,000 |
| AlbemarleALB | Put | $134,320 | 920 |
| BaiduBIDU | Put | $19,500 | 1,000 |
| XPXP | Put | $8,100 | 180 |
| XPXP | Call | $1,800 | 180 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 78.1% since 30 June 2025.
Where the money is
Financial services23.9%
Health care21.4%
Media & telecom4.9%
Technology0.9%
Other48.9%
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.