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Institutional Investment Manager
SPX Gestao de Recursos Ltda
SPX Gestao de Recursos Ltda (CIK: 0001589176), located at Rua Humaita, 275, 6 Andar, Rio DE Janeiro, D5. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q4)
Portfolio Summary: 15 holdings with a total value of $200,812,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 TRANSPORTADORA DE GAS SUR SPON ADR B 6,646,738 59,953,000 29.86%
2 PAMPA S SPONS LVL 820,640 28,566,000 14.23%
3 EMPRESA DIST Y COMERCIAL NOR 761,492 21,208,000 10.56%
4 ITAU CORPBANCA 1,219,578 15,172,000 7.56%
5 ISHARES 378,679 12,625,000 6.29%
6 EMBRAER S A 652,188 12,555,000 6.25%
7 AMBEV SA 2,528,904 12,417,000 6.18%
8 COSAN LIMITED 1,488,628 11,180,000 5.57%
9 PETROLEO BRASILEIRO SA PETRO 1,052,854 9,276,000 4.62%
10 ISHARES TR 115,237 7,963,000 3.97%
11 RIO TINTO PLC 86,251 3,317,000 1.65%
12 BERKSHIRE HATHAWAY INC DEL 12,400 2,021,000 1.01%
13 BANCO BRADESCO-ADR 211,866 1,845,000 0.92%
14 IRSA PROPIEDADES COMERCIALES 32,013 1,516,000 0.75%
15 FIBRIA CELULOSE S A SP ADR REP COM 124,705 1,198,000 0.60%

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001589176-18-000013, filed 2018.11.09).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.