Banco BTG Pactual SA

Q4 2015 13F Holdings Report, Stock Holdings

Signature - Title: Vitor Fortunato - Compliance Officer
Location: Rio De Janeiro, Brazil
Holdings as of: 31 Dec 2015
Value $: $20,722,063
Num holdings: 18
Filing time: 16 Feb 2016, 20:17:22 UTC
Form type: 13F-HR
Description: All US holdings of this investor are reported in this report. Top holdings included BUD, CME, TSN, CAR, and M.
SEC: View on sec.gov
Options Holdings: Showing stock holdings, see here for options holdings

Sym	Weight	Trade Impact	Company	Class	Share Change	Activity	Value Change $	Value $	* Price $	Shares	Principal

* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.

Person Signing this Report on Behalf of Reporting Manager:

Name	Title	City, State	Date
Vitor Fortunato	Compliance Officer	Sao Paulo, Brazil	16 Feb 2016