BW Gestao de Investimentos Ltda. Buys iShares Edge MSCI USA Momentum Factor ETF, KraneShares China Internet ETF, Johnson & Johnson, Sells Health Care Select Sector SPDR Fund, iShares Nasdaq Biotechnology Index Fund, iShares MSCI Brazil Capped ETF

• New Purchases: MTUM, KWEB, JNJ, VALE, VMW, SHOP, BABA, BZUN, BUD, ARCO, NPSNY, ABCB, HUYA, UMBF, GDS, KAR, AVTR, ALRS, USO, SQ, CVS,
• Added Positions: AMZN, GOOG, DBI, MGLN, SATS, RGS, PRSC, NGS, CRAI, CULP, SGH, LDL, SGU,
• Reduced Positions: EWZ, FB, SHW, AIN, DENN, SPB, SSD, MRC, WAFD, MMS, PRI, NXST, BBDC, LMRK, RVRA,
• Sold Out: XLV, IBB, VLUE, PAM, PINS, TGS, XLNX, BMA, SUPV, EDN, FTDR, CEPU, GGAL, LOMA, TFSL, TV, BBAR, TTS,

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. Sherwin-Williams Co (SHW) - 56,970 shares, 20.99% of the total portfolio. Shares reduced by 22.35%
2. iShares MSCI Brazil Capped ETF (EWZ) - 464,500 shares, 13.11% of the total portfolio. Shares reduced by 30.1%
3. Amazon.com Inc (AMZN) - 3,400 shares, 3.95% of the total portfolio. Shares added by 41.67%
4. Alphabet Inc (GOOG) - 4,400 shares, 3.59% of the total portfolio. Shares added by 29.41%
5. iShares U.S. Medical Devices ETF (IHI) - 21,000 shares, 3.48% of the total portfolio.

BW Gestao de Investimentos Ltda. initiated holding in iShares Edge MSCI USA Momentum Factor ETF. The purchase prices were between $115.63 and $123.04, with an estimated average price of $120.56. The stock is now traded at around $120.48. The impact to a portfolio due to this purchase was 3.2%. The holding were 40,000 shares as of .

BW Gestao de Investimentos Ltda. initiated holding in KraneShares China Internet ETF. The purchase prices were between $38.29 and $45.03, with an estimated average price of $42.47. The stock is now traded at around $45.63. The impact to a portfolio due to this purchase was 2.77%. The holding were 100,000 shares as of .

BW Gestao de Investimentos Ltda. initiated holding in Johnson & Johnson. The purchase prices were between $126.95 and $142.14, with an estimated average price of $131.85. The stock is now traded at around $131.20. The impact to a portfolio due to this purchase was 1.73%. The holding were 20,000 shares as of .

BW Gestao de Investimentos Ltda. initiated holding in Vale SA. The purchase prices were between $10.28 and $14.04, with an estimated average price of $12.12. The stock is now traded at around $12.14. The impact to a portfolio due to this purchase was 1.54%. The holding were 200,000 shares as of .

BW Gestao de Investimentos Ltda. initiated holding in VMware Inc. The purchase prices were between $130.56 and $181.87, with an estimated average price of $157.36. The stock is now traded at around $163.06. The impact to a portfolio due to this purchase was 1.51%. The holding were 15,000 shares as of .

BW Gestao de Investimentos Ltda. initiated holding in Shopify Inc. The purchase prices were between $295.47 and $406.99, with an estimated average price of $342.64. The stock is now traded at around $316.76. The impact to a portfolio due to this purchase was 1.04%. The holding were 5,000 shares as of .

BW Gestao de Investimentos Ltda. added to a holding in Amazon.com Inc by 41.67%. The purchase prices were between $1725.45 and $2020.99, with an estimated average price of $1854.66. The stock is now traded at around $1791.44. The impact to a portfolio due to this purchase was 1.16%. The holding were 3,400 shares as of .

BW Gestao de Investimentos Ltda. added to a holding in Alphabet Inc by 29.41%. The purchase prices were between $1097.95 and $1250.41, with an estimated average price of $1182.53. The stock is now traded at around $1273.74. The impact to a portfolio due to this purchase was 0.82%. The holding were 4,400 shares as of .

BW Gestao de Investimentos Ltda. added to a holding in Designer Brands Inc by 45.89%. The purchase prices were between $14.17 and $19.22, with an estimated average price of $16.98. The stock is now traded at around $16.86. The impact to a portfolio due to this purchase was 0.14%. The holding were 38,243 shares as of .

BW Gestao de Investimentos Ltda. added to a holding in Magellan Health Inc by 30.86%. The purchase prices were between $60.51 and $74.19, with an estimated average price of $66.68. The stock is now traded at around $67.05. The impact to a portfolio due to this purchase was 0.12%. The holding were 12,658 shares as of .

BW Gestao de Investimentos Ltda. added to a holding in EchoStar Corp by 21.85%. The purchase prices were between $31.29 and $40.31, with an estimated average price of $36.1. The stock is now traded at around $39.30. The impact to a portfolio due to this purchase was 0.11%. The holding were 24,016 shares as of .

BW Gestao de Investimentos Ltda. added to a holding in Natural Gas Services Group Inc by 54.40%. The purchase prices were between $10.51 and $16.47, with an estimated average price of $13.7. The stock is now traded at around $12.44. The impact to a portfolio due to this purchase was 0.02%. The holding were 8,344 shares as of .

BW Gestao de Investimentos Ltda. sold out a holding in Health Care Select Sector SPDR Fund. The sale prices were between $88.76 and $94.4, with an estimated average price of $91.34.

BW Gestao de Investimentos Ltda. sold out a holding in iShares Nasdaq Biotechnology Index Fund. The sale prices were between $99.3 and $110.93, with an estimated average price of $104.75.

BW Gestao de Investimentos Ltda. sold out a holding in iShares Edge MSCI USA Value Factor ETF. The sale prices were between $76.17 and $84.82, with an estimated average price of $81.1.

BW Gestao de Investimentos Ltda. sold out a holding in Pampa Energia SA. The sale prices were between $12.22 and $35.9, with an estimated average price of $23.67.

BW Gestao de Investimentos Ltda. sold out a holding in Pinterest Inc. The sale prices were between $25.56 and $36.56, with an estimated average price of $29.98.

BW Gestao de Investimentos Ltda. sold out a holding in Transportadora de Gas del Sur SA. The sale prices were between $7.4 and $16.4, with an estimated average price of $11.47.