BTG Pactual Asset Management US LLC

CIK 0001569579 · Q1 2026

13F Equity AUM

$1.1B

+8.5% QoQ

Positions

308

+81 QoQ

AUM Rank

#2,637

Top 21%

Skill Alpha (FF)

—

Building track record (6q)

Quarters Tracked

~2 years

Portfolio Concentration

Top 5: 24.6%Top 10: 35.3%Top 20: 49.1%

VOO9.5%

IWF6.7%

MGK3.3%

MGV2.8%

NVDA2.4%

AMZN2.3%

SPY2.2%

VGK2.1%

GOOG2.0%

BRK/B2.0%

Others (298)64.8%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services52.7%

Utilities14.8%

Technology7.5%

Energy6.2%

Communication Services6.0%

Consumer Cyclical3.3%

Healthcare2.9%

Basic Materials2.3%

Other4.3%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 308Median: 0.06%Avg: 0.32%

0–0.5%

254(24.6%)

0.5–1%

26(17.7%)

1–3%

25(38.2%)

3–5%

1(3.3%)

5%+

2(16.2%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 306Unique: 2vs 20 funds

4.2%Low

308

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

5.8%

BANK OF AMERICA CORP /DE/

6.3%

5.9%

6.7%

8.3%

6.4%

VANGUARD CAPITAL MANAGEMENT LLC

GEODE CAPITAL MANAGEMENT, LLC

5.6%

VANGUARD PORTFOLIO MANAGEMENT LLC

6.3%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New148Increased92Decreased51Exited66

New Positions

VOO9.5%

+174K

XLE1.8%

+326K

PBR1.2%

+649K

TTE1.2%

+150K

BVXB1.0%

+1.3M

VALE0.9%

+591K

WTRG0.8%

+218K

VONG0.8%

+75K

FE0.7%

+142K

VISN0.7%

+400K

Increased

NU0.7%

+456K(+790%)

PCG0.8%

+230K(+91%)

T0.4%

+136K(+804%)

WBD0.4%

+92K(+184%)

D1.1%

+83K(+70%)

AEE1.3%

+73K(+121%)

USHY0.3%

+44K(+72%)

NVDA2.4%

+42K(+39%)

LQD0.5%

+28K(+142%)

VWO1.0%

+21K(+12%)

Decreased

HYG0.1%

-800,000(-99%)

IHS0.0%

-555,280(-96%)

CNP0.2%

-247,230(-83%)

OGE0.5%

-220,556(-65%)

AM0.0%

-200,476(-95%)

SPY2.2%

-183,282(-83%)

XEL1.0%

-54,024(-29%)

GM0.0%

-48,380(-94%)

PEG0.0%

-46,167(-92%)

XLV1.2%

-42,645(-32%)

Exited

-178,628

-92,354

-206,408

-89,414

-28,300

-75,526

-86,373

-21,739

-205,782

-26,446

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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