Instuitional Investor - Bw Gestao De Investimentos Ltda.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr S & P 500 Etf Trust	SPY	1,227,723	$916,826,705	18.15%
2.	Ishares Trust	IEF	1,093,321	$818,777,164	16.2%
3.	Micron Technology IncPUT	MU	215,000	$248,172,350	4.91%
4.	Ishares TrustPUT	IEF	600,000	$180,270,000	3.57%
5.	Tesla Inc.PUT	TSLA	250,000	$105,150,000	2.08%