JGP Global Gestao de Recursos Ltda.

Portfolio Overview

JGP Global Gestao de Recursos Ltda. disclosed 34 positions worth $45.3M in its Form 13F-HR for Q2 2026 — $44.8M in common stock plus $537,220 of put/call option positions (reported at underlying notional value, not premium at risk), led by $XP (XP Inc.) at 23.9% of the equity portfolio, followed by $SPY. During the quarter the fund opened 20 new positions and exited 14 — including a new stake in $SPY and a full exit from $STNE. The portfolio is most concentrated in Other (36.7% of disclosed assets). All figures are sourced directly from JGP Global Gestao de Recursos Ltda.’s Form 13F-HR filing with the SEC under CIK 1536562.

• 

  XP Inc.

  $XP

  —

  Quality

  $10.7M657,219 sh
• 

  SPDR S&P 500 ETF TRUST

  $SPY

  —

  Quality

  $7.7M10,290 sh

• SOFTBANK GROUP CORP-UNSP ADR - ADR

  —

  Quality

  $4.3M225,833 sh
• 

  VEON Ltd.

  $VEON

  —

  Quality

  $3.5M66,750 sh

• PROSUS NV -SPON ADR - ADR

  —

  Quality

  $3.0M342,397 sh
• 

  Atai Beckley N.V.

  $ATAI.R1840904

  —

  Quality

  $2.6M500,000 sh
• 

  EchoStar CORP

  $ECHO

  32.6

  Quality

  $2.2M21,635 sh

• CK HUTCHISON HOLDIN-UNSP ADR - ADR

  —

  Quality

  $1.5M179,486 sh
• 

  Itau Unibanco Holding S.A.

  $ITUB

  —

  Quality

  $1.4M167,800 sh
• 

  ELI LILLY & Co

  $LLY

  87.5

  Quality

  $1.3M1,098 sh

Company	Quality	Value	Shares
XP Inc.$XP	—	$10.7M	657,219
SPDR S&P 500 ETF TRUST$SPY	—	$7.7M	10,290
SOFTBANK GROUP CORP-UNSP ADR - ADR	—	$4.3M	225,833
VEON Ltd.$VEON	—	$3.5M	66,750
PROSUS NV -SPON ADR - ADR	—	$3.0M	342,397
Atai Beckley N.V.$ATAI.R1840904	—	$2.6M	500,000
EchoStar CORP$ECHO	32.6	$2.2M	21,635
CK HUTCHISON HOLDIN-UNSP ADR - ADR	—	$1.5M	179,486
Itau Unibanco Holding S.A.$ITUB	—	$1.4M	167,800
ELI LILLY & Co$LLY	87.5	$1.3M	1,098

Showing top 10 of 34 holdings.

Full Holdings — JGP Global Gestao de Recursos Ltda. (Q2 2026)

All 34 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	$XP	XP Inc.	$10.7M	23.9%	+153%	—
2	$SPY	SPDR S&P 500 ETF TRUST	$7.7M	17.2%	NEW	—
3	—	SOFTBANK GROUP CORP-UNSP ADR - ADR	$4.3M	9.5%	NEW	—
4	$VEON	VEON Ltd.	$3.5M	7.8%	NEW	—
5	—	PROSUS NV -SPON ADR - ADR	$3.0M	6.7%	NEW	—
6	$ATAI.R1840904	Atai Beckley N.V.	$2.6M	5.9%	NEW	—
7	$ECHO	EchoStar CORP	$2.2M	4.9%	NEW	32.6
8	—	CK HUTCHISON HOLDIN-UNSP ADR - ADR	$1.5M	3.4%	NEW	—
9	$ITUB	Itau Unibanco Holding S.A.	$1.4M	3.1%	NEW	—
10	$LLY	ELI LILLY & Co	$1.3M	2.9%	-11%	87.5
11	$ABBV	AbbVie Inc.	$722,458	1.6%	-7%	72.5
12	$INCY	INCYTE CORP	$637,083	1.4%	+0%	77.3
13	$JNJ	JOHNSON & JOHNSON	$601,401	1.3%	+11%	68.8
14	$UNH	UNITEDHEALTH GROUP INC	$516,628	1.1%	NEW	62.5
15	$ONC	BeOne Medicines Ltd.	$487,584	1.1%	+0%	—
16	$MRK	Merck & Co., Inc.	$433,302	1.0%	NEW	59.7
17	$STM	STMicroelectronics N.V.	$400,512	0.9%	NEW	—
18	$NVDAPUT	NVIDIA CORP	$373,500	—	NEW	85.9
19	$VRTX	VERTEX PHARMACEUTICALS INC / MA	$360,129	0.8%	+35%	75.2
20	$BMY	BRISTOL MYERS SQUIBB CO	$354,593	0.8%	-0%	70.1
21	$RVMD	Revolution Medicines, Inc.	$332,984	0.7%	NEW	—
22	$GILD	GILEAD SCIENCES, INC.	$270,115	0.6%	-8%	57.3
23	$TMO	THERMO FISHER SCIENTIFIC INC.	$267,726	0.6%	-24%	64.9
24	$ABT	ABBOTT LABORATORIES	$260,787	0.6%	-7%	65.2
25	$MDGL	MADRIGAL PHARMACEUTICALS, INC.	$232,499	0.5%	+0%	40.4
26	$ISRG	INTUITIVE SURGICAL INC	$225,087	0.5%	-25%	79.7
27	$SYK	STRYKER CORP	$217,554	0.5%	NEW	71.9
28	$ACAD	ACADIA PHARMACEUTICALS INC	$205,183	0.5%	NEW	67.4
29	$ALBPUT	ALBEMARLE CORP	$134,320	—	NEW	53.1
30	$PONY	Pony AI Inc.	$128,506	0.3%	NEW	—
31	$BIDUPUT	Baidu, Inc.	$19,500	—	NEW	27
32	—	OI SA-ADR - ADR	$13,078	0.0%	+0%	—
33	$XPPUT	XP Inc.	$8,100	—	NEW	—
34	$XPCALL	XP Inc.	$1,800	—	NEW	—