BW Gestao de Investimentos Ltda. Buys BRF SA, SPDR S&P 500, Apple Inc, Sells iShares Edge MSCI Min Vol Emerging Markets, iShares MSCI Japan Index Fund, Validus Holdings

• New Purchases: SPY, AAPL, EWW, NXPI, EEM, PKG, MCHI, GDI, BAC, IHI,
• Added Positions: BRFS, XLF, CAAP, SCCO, NXST, NEXA, STAY, MMS, GLIBA, TRQ,
• Reduced Positions: EEMV, EWJ, FXI, CRM, NOW, NFLX, BUD, DEO, ARMK, XHR,
• Sold Out: VR, SPLV, IGV, GOOGL, ANET, RTN, ADBE, NOC, GD, LMT,

For the details of BW Gestao de Investimentos Ltda.'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=BW+Gestao+de+Investimentos+Ltda.

1. iShares MSCI Emerging Index Fund (EEM) - 1,300,000 shares, 16.08% of the total portfolio.
2. BRF SA (BRFS) - 10,139,244 shares, 13.55% of the total portfolio. Shares added by 1167.41%
3. SPDR S&P 500 (SPY) - 100,000 shares, 7.75% of the total portfolio. New Position
4. Apple Inc (AAPL) - 134,800 shares, 7.13% of the total portfolio. New Position
5. Sherwin-Williams Co (SHW) - 38,250 shares, 4.45% of the total portfolio.

BW Gestao de Investimentos Ltda. initiated holding in SPDR S&P 500. The purchase prices were between $257.47 and $278.92, with an estimated average price of $270.08. The stock is now traded at around $280.95. The impact to a portfolio due to this purchase was 7.75%. The holding were 100,000 shares as of 2018-06-30.

BW Gestao de Investimentos Ltda. initiated holding in Apple Inc. The purchase prices were between $162.32 and $193.98, with an estimated average price of $181.31. The stock is now traded at around $209.64. The impact to a portfolio due to this purchase was 7.13%. The holding were 134,800 shares as of 2018-06-30.

BW Gestao de Investimentos Ltda. initiated holding in iShares Inc MSCI Mexico. The purchase prices were between $43.78 and $54.16, with an estimated average price of $48.15. The stock is now traded at around $49.34. The impact to a portfolio due to this purchase was 3.9%. The holding were 290,000 shares as of 2018-06-30.

BW Gestao de Investimentos Ltda. initiated holding in NXP Semiconductors NV. The purchase prices were between $92.36 and $120.17, with an estimated average price of $110.33. The stock is now traded at around $88.30. The impact to a portfolio due to this purchase was 2.96%. The holding were 95,000 shares as of 2018-06-30.

BW Gestao de Investimentos Ltda. initiated holding in Packaging Corp of America. The purchase prices were between $109.93 and $123.78, with an estimated average price of $116.75. The stock is now traded at around $107.90. The impact to a portfolio due to this purchase was 1.42%. The holding were 44,550 shares as of 2018-06-30.

BW Gestao de Investimentos Ltda. initiated holding in iShares MSCI Emerging Index Fund. The purchase prices were between $42.33 and $48.14, with an estimated average price of $46.29. The stock is now traded at around $41.49. The impact to a portfolio due to this purchase was 1.42%. The holding were 115,000 shares as of 2018-06-30.

BW Gestao de Investimentos Ltda. added to a holding in BRF SA by 1167.41%. The purchase prices were between $4.68 and $7.5, with an estimated average price of $6.28. The stock is now traded at around $5.14. The impact to a portfolio due to this purchase was 12.48%. The holding were 10,139,244 shares as of 2018-06-30.

BW Gestao de Investimentos Ltda. added to a holding in SPDR Select Sector Fund - Financial by 226.95%. The purchase prices were between $26.36 and $28.34, with an estimated average price of $27.58. The stock is now traded at around $27.66. The impact to a portfolio due to this purchase was 0.73%. The holding were 138,300 shares as of 2018-06-30.

BW Gestao de Investimentos Ltda. added to a holding in Southern Copper Corp by 133.70%. The purchase prices were between $45.9 and $57.34, with an estimated average price of $51.81. The stock is now traded at around $42.31. The impact to a portfolio due to this purchase was 0.17%. The holding were 21,500 shares as of 2018-06-30.

BW Gestao de Investimentos Ltda. added to a holding in Nexstar Media Group Inc by 39.83%. The purchase prices were between $61.2 and $77.85, with an estimated average price of $67.63. The stock is now traded at around $77.30. The impact to a portfolio due to this purchase was 0.14%. The holding were 23,042 shares as of 2018-06-30.

BW Gestao de Investimentos Ltda. added to a holding in Extended Stay America Inc by 44.57%. The purchase prices were between $19.28 and $22.52, with an estimated average price of $20.47. The stock is now traded at around $20.88. The impact to a portfolio due to this purchase was 0.1%. The holding were 55,917 shares as of 2018-06-30.

BW Gestao de Investimentos Ltda. added to a holding in GCI Liberty Inc by 47.22%. The purchase prices were between $41.55 and $52.69, with an estimated average price of $46.17. The stock is now traded at around $47.05. The impact to a portfolio due to this purchase was 0.07%. The holding were 16,053 shares as of 2018-06-30.

BW Gestao de Investimentos Ltda. sold out a holding in Validus Holdings Ltd. The sale prices were between $67.19 and $67.9, with an estimated average price of $67.65.

BW Gestao de Investimentos Ltda. sold out a holding in Invesco S&P 500 Low Volatility. The sale prices were between $46.17 and $47.56, with an estimated average price of $46.9.

BW Gestao de Investimentos Ltda. sold out a holding in iShares North American Tech-Software. The sale prices were between $165.85 and $193, with an estimated average price of $180.28.

BW Gestao de Investimentos Ltda. sold out a holding in Alphabet Inc. The sale prices were between $1009.95 and $1184.07, with an estimated average price of $1087.78.

BW Gestao de Investimentos Ltda. sold out a holding in Arista Networks Inc. The sale prices were between $239.44 and $286.62, with an estimated average price of $261.49.

BW Gestao de Investimentos Ltda. sold out a holding in Raytheon Co. The sale prices were between $192.54 and $228.13, with an estimated average price of $210.12.

BW Gestao de Investimentos Ltda. reduced to a holding in iShares Edge MSCI Min Vol Emerging Markets by 93.05%. The sale prices were between $57.03 and $63.04, with an estimated average price of $60.87. The stock is now traded at around $57.12. The impact to a portfolio due to this sale was -3.91%. BW Gestao de Investimentos Ltda. still held 27,208 shares as of 2018-06-30.

BW Gestao de Investimentos Ltda. reduced to a holding in iShares MSCI Japan Index Fund by 63.16%. The sale prices were between $57.91 and $61.62, with an estimated average price of $60.25. The stock is now traded at around $56.63. The impact to a portfolio due to this sale was -1.25%. BW Gestao de Investimentos Ltda. still held 70,000 shares as of 2018-06-30.

BW Gestao de Investimentos Ltda. reduced to a holding in iShares China Large-Cap by 23.91%. The sale prices were between $41.99 and $48.77, with an estimated average price of $46.75. The stock is now traded at around $40.40. The impact to a portfolio due to this sale was -0.89%. BW Gestao de Investimentos Ltda. still held 350,000 shares as of 2018-06-30.