SPX Equities Gestao de Recursos Ltda Buys Microsoft Corp, iShares MSCI China ETF, iShares iBoxx $ Investment Grade Corporate Bond, Sells iShares MSCI Emerging Index Fund, T-Mobile US Inc, Aramark

• New Purchases: MSFT, MCHI, LQD, WMT, PG, ROST, KWEB, COST, LOW, EWZ, TJX, BABA, EWW, C1B2, SNE, ISRG, ITUB, TMO, EW, SPY, CMCSA, LPLA, EBR, SBS,
• Added Positions: RIO, BBD, ERJ, UGP, BHP, PBR.A,
• Reduced Positions: TMUS, VALE, TSU, BSMX,
• Sold Out: EEM, ARMK, RDS.A, AVP, XLI, S, BP, TV, CCU, SAN, KOF, CX, CPA, XLE, ENIC, BAP, ASR, TX, GOL, SID,

For the details of SPX Equities Gestao de Recursos Ltda's stock buys and sells, go to https://www.gurufocus.com/guru/spx+equities+gestao+de+recursos+ltda/current-portfolio/portfolio

1. Microsoft Corp (MSFT) - 427,012 shares, 13.63% of the total portfolio. New Position
2. iShares MSCI China ETF (MCHI) - 896,000 shares, 10.38% of the total portfolio. New Position
3. Rio Tinto PLC (RIO) - 1,014,453 shares, 9.35% of the total portfolio. Shares added by 46.02%
4. iShares iBoxx $ Investment Grade Corporate Bond (LQD) - 350,000 shares, 8.75% of the total portfolio. New Position
5. Walmart Inc (WMT) - 236,000 shares, 5.43% of the total portfolio. New Position

SPX Equities Gestao de Recursos Ltda initiated holding in Microsoft Corp. The purchase prices were between $135.42 and $188.7, with an estimated average price of $164.71. The stock is now traded at around $169.81. The impact to a portfolio due to this purchase was 13.63%. The holding were 427,012 shares as of .

SPX Equities Gestao de Recursos Ltda initiated holding in iShares MSCI China ETF. The purchase prices were between $52.36 and $67.78, with an estimated average price of $62.2. The stock is now traded at around $60.32. The impact to a portfolio due to this purchase was 10.38%. The holding were 896,000 shares as of .

SPX Equities Gestao de Recursos Ltda initiated holding in iShares iBoxx $ Investment Grade Corporate Bond. The purchase prices were between $105.05 and $134.27, with an estimated average price of $127.83. The stock is now traded at around $129.20. The impact to a portfolio due to this purchase was 8.75%. The holding were 350,000 shares as of .

SPX Equities Gestao de Recursos Ltda initiated holding in Walmart Inc. The purchase prices were between $104.05 and $122.58, with an estimated average price of $115.48. The stock is now traded at around $128.00. The impact to a portfolio due to this purchase was 5.43%. The holding were 236,000 shares as of .

SPX Equities Gestao de Recursos Ltda initiated holding in Procter & Gamble Co. The purchase prices were between $97.7 and $127.14, with an estimated average price of $120.29. The stock is now traded at around $116.89. The impact to a portfolio due to this purchase was 5.15%. The holding were 231,500 shares as of .

SPX Equities Gestao de Recursos Ltda initiated holding in Ross Stores Inc. The purchase prices were between $59.97 and $123.81, with an estimated average price of $107.35. The stock is now traded at around $92.54. The impact to a portfolio due to this purchase was 5.04%. The holding were 286,163 shares as of .

SPX Equities Gestao de Recursos Ltda added to a holding in Rio Tinto PLC by 46.02%. The purchase prices were between $36.42 and $60.67, with an estimated average price of $51.64. The stock is now traded at around $46.96. The impact to a portfolio due to this purchase was 2.95%. The holding were 1,014,453 shares as of .

SPX Equities Gestao de Recursos Ltda added to a holding in Bank Bradesco SA by 42.19%. The purchase prices were between $3.09 and $8.41, with an estimated average price of $6.29. The stock is now traded at around $3.60. The impact to a portfolio due to this purchase was 1.14%. The holding were 5,124,722 shares as of .

SPX Equities Gestao de Recursos Ltda added to a holding in Embraer SA by 81.56%. The purchase prices were between $6.11 and $20.16, with an estimated average price of $15.29. The stock is now traded at around $5.95. The impact to a portfolio due to this purchase was 0.65%. The holding were 959,278 shares as of .

SPX Equities Gestao de Recursos Ltda added to a holding in Ultrapar Participacoes SA by 204.40%. The purchase prices were between $2.03 and $6.62, with an estimated average price of $4.86. The stock is now traded at around $2.64. The impact to a portfolio due to this purchase was 0.52%. The holding were 1,558,348 shares as of .

SPX Equities Gestao de Recursos Ltda added to a holding in BHP Group Ltd by 78.65%. The purchase prices were between $30.93 and $56.48, with an estimated average price of $47.14. The stock is now traded at around $39.94. The impact to a portfolio due to this purchase was 0.31%. The holding were 94,533 shares as of .

SPX Equities Gestao de Recursos Ltda added to a holding in Petroleo Brasileiro SA Petrobras by 34.83%. The purchase prices were between $4.32 and $15.26, with an estimated average price of $11.4. The stock is now traded at around $6.26. The impact to a portfolio due to this purchase was 0.08%. The holding were 273,646 shares as of .

SPX Equities Gestao de Recursos Ltda sold out a holding in iShares MSCI Emerging Index Fund. The sale prices were between $30.61 and $46.3, with an estimated average price of $41.03.

SPX Equities Gestao de Recursos Ltda sold out a holding in Aramark. The sale prices were between $12.94 and $46.78, with an estimated average price of $36.82.

SPX Equities Gestao de Recursos Ltda sold out a holding in Royal Dutch Shell PLC. The sale prices were between $21.62 and $60.96, with an estimated average price of $47.13.

SPX Equities Gestao de Recursos Ltda sold out a holding in Avon Products Inc. The sale prices were between $5.6 and $5.65, with an estimated average price of $5.63.

SPX Equities Gestao de Recursos Ltda sold out a holding in SPDR Select Sector Fund - Industrial. The sale prices were between $48.77 and $85.23, with an estimated average price of $76.1.

SPX Equities Gestao de Recursos Ltda sold out a holding in Sprint Corp. The sale prices were between $4.28 and $10.05, with an estimated average price of $6.98.

SPX Equities Gestao de Recursos Ltda reduced to a holding in T-Mobile US Inc by 93.56%. The sale prices were between $74.32 and $100.49, with an estimated average price of $84.66. The stock is now traded at around $87.94. The impact to a portfolio due to this sale was -9.31%. SPX Equities Gestao de Recursos Ltda still held 50,000 shares as of .

SPX Equities Gestao de Recursos Ltda reduced to a holding in Vale SA by 58.38%. The sale prices were between $6.58 and $13.63, with an estimated average price of $10.98. The stock is now traded at around $8.11. The impact to a portfolio due to this sale was -3.84%. SPX Equities Gestao de Recursos Ltda still held 1,266,801 shares as of .

SPX Equities Gestao de Recursos Ltda reduced to a holding in Tim Participacoes SA by 50.4%. The sale prices were between $11.74 and $20.15, with an estimated average price of $17.87. The stock is now traded at around $11.36. The impact to a portfolio due to this sale was -1.96%. SPX Equities Gestao de Recursos Ltda still held 617,790 shares as of .

SPX Equities Gestao de Recursos Ltda reduced to a holding in Banco Santander Mexico SA by 70.55%. The sale prices were between $2.71 and $7.91, with an estimated average price of $6.34. The stock is now traded at around $2.71. The impact to a portfolio due to this sale was -1.59%. SPX Equities Gestao de Recursos Ltda still held 599,318 shares as of .