BW Gestao de Investimentos Ltda. Buys VanEck Gold Miners ETF, The Energy Select Sector SPDR Fund, Arcos Dorados Holdings Inc, Sells Global X Silver Miners ETF, KraneShares CSI China Internet ETF, PowerShares QQQ Trust Ser 1

• New Purchases: GDX, XLE, ARCO, XLV, XLI, PIN, XLB, EEM, KBWB, XLRE, UBER, KRE,
• Added Positions: ARCE, MSFT, SHW, CNSWF, WST, ECL, POOL, AAPL, IQV, ARMK, BX, BFAM, FB, AMZN, ORLY, JMIA, SHOP, GOOGL, NOC, LMT,
• Reduced Positions: QQQ, MELI, PAGS, AFRM,
• Sold Out: SIL, KWEB, FXI, EWJ, S, S, BABA, JD, FISV, XME, COUP, SE, STNE, PROSY, BMBL, ROST, PPD,

For the details of BW Gestao de Investimentos Ltda.'s stock buys and sells, go to https://www.gurufocus.com/guru/bw+gestao+de+investimentos+ltda./current-portfolio/portfolio

1. BTC iShares Convertible Bond ETF (ICVT) - 425,000 shares, 12.98% of the total portfolio.
2. VanEck Gold Miners ETF (GDX) - 940,800 shares, 8.49% of the total portfolio. New Position
3. Arco Platform Ltd (ARCE) - 1,212,161 shares, 8.05% of the total portfolio. Shares added by 25.98%
4. MercadoLibre Inc (MELI) - 10,864 shares, 5.58% of the total portfolio. Shares reduced by 23.84%
5. Microsoft Corp (MSFT) - 64,102 shares, 5.53% of the total portfolio. Shares added by 15.44%

BW Gestao de Investimentos Ltda. initiated holding in VanEck Gold Miners ETF. The purchase prices were between $28.91 and $35.09, with an estimated average price of $32.58. The stock is now traded at around $31.890000. The impact to a portfolio due to this purchase was 8.49%. The holding were 940,800 shares as of 2021-09-30.

BW Gestao de Investimentos Ltda. initiated holding in The Energy Select Sector SPDR Fund. The purchase prices were between $45.24 and $54.15, with an estimated average price of $49.03. The stock is now traded at around $58.360000. The impact to a portfolio due to this purchase was 5.06%. The holding were 317,500 shares as of 2021-09-30.

BW Gestao de Investimentos Ltda. initiated holding in Arcos Dorados Holdings Inc. The purchase prices were between $5.12 and $6.23, with an estimated average price of $5.64. The stock is now traded at around $4.600000. The impact to a portfolio due to this purchase was 2.63%. The holding were 1,676,889 shares as of 2021-09-30.

BW Gestao de Investimentos Ltda. initiated holding in Health Care Select Sector SPDR. The purchase prices were between $126.62 and $136.37, with an estimated average price of $131.77. The stock is now traded at around $133.275000. The impact to a portfolio due to this purchase was 2.34%. The holding were 60,000 shares as of 2021-09-30.

BW Gestao de Investimentos Ltda. initiated holding in Industrial Select Sector SPDR. The purchase prices were between $97.84 and $105.19, with an estimated average price of $102.44. The stock is now traded at around $104.690000. The impact to a portfolio due to this purchase was 2.18%. The holding were 72,680 shares as of 2021-09-30.

BW Gestao de Investimentos Ltda. initiated holding in Invesco India ETF. The purchase prices were between $25.51 and $29.28, with an estimated average price of $27.27. The stock is now traded at around $28.535000. The impact to a portfolio due to this purchase was 1.99%. The holding were 66,315 shares as of 2021-09-30.

BW Gestao de Investimentos Ltda. added to a holding in Arco Platform Ltd by 25.98%. The purchase prices were between $21.24 and $31.48, with an estimated average price of $25.98. The stock is now traded at around $17.680000. The impact to a portfolio due to this purchase was 1.66%. The holding were 1,212,161 shares as of 2021-09-30.

BW Gestao de Investimentos Ltda. added to a holding in Constellation Software Inc by 150.00%. The purchase prices were between $1495.47 and $1755.74, with an estimated average price of $1635.23. The stock is now traded at around $1766.000000. The impact to a portfolio due to this purchase was 0.38%. The holding were 1,000 shares as of 2021-09-30.

BW Gestao de Investimentos Ltda. added to a holding in West Pharmaceutical Services Inc by 66.67%. The purchase prices were between $363.01 and $468.47, with an estimated average price of $421.36. The stock is now traded at around $421.090000. The impact to a portfolio due to this purchase was 0.26%. The holding were 5,000 shares as of 2021-09-30.

BW Gestao de Investimentos Ltda. added to a holding in Pool Corp by 81.82%. The purchase prices were between $434.41 and $497.39, with an estimated average price of $474.21. The stock is now traded at around $516.455000. The impact to a portfolio due to this purchase was 0.24%. The holding were 4,000 shares as of 2021-09-30.

BW Gestao de Investimentos Ltda. added to a holding in IQVIA Holdings Inc by 62.79%. The purchase prices were between $239.54 and $265.23, with an estimated average price of $252.52. The stock is now traded at around $258.500000. The impact to a portfolio due to this purchase was 0.2%. The holding were 7,000 shares as of 2021-09-30.

BW Gestao de Investimentos Ltda. added to a holding in Aramark by 53.33%. The purchase prices were between $31.51 and $37.04, with an estimated average price of $34.32. The stock is now traded at around $37.240000. The impact to a portfolio due to this purchase was 0.16%. The holding were 46,000 shares as of 2021-09-30.

BW Gestao de Investimentos Ltda. sold out a holding in Global X Silver Miners ETF. The sale prices were between $34.46 and $43.2, with an estimated average price of $39.78.

BW Gestao de Investimentos Ltda. sold out a holding in KraneShares CSI China Internet ETF. The sale prices were between $43.96 and $68.27, with an estimated average price of $52.47.

BW Gestao de Investimentos Ltda. sold out a holding in iShares China Large-Cap ETF. The sale prices were between $38.18 and $46.09, with an estimated average price of $41.31.

BW Gestao de Investimentos Ltda. sold out a holding in iShares MSCI Japan ETF. The sale prices were between $66.26 and $74.12, with an estimated average price of $69.25.

BW Gestao de Investimentos Ltda. sold out a holding in SentinelOne Inc. The sale prices were between $40.04 and $72.75, with an estimated average price of $54.95.

BW Gestao de Investimentos Ltda. sold out a holding in SentinelOne Inc. The sale prices were between $40.04 and $72.75, with an estimated average price of $54.95.