BW Gestão de Investimentos Ltda.

Filings by BW Gestão de Investimentos Ltda. span 2 companies, the busiest being ELIS and Verallia. The record holds 100 filings, for trades running from 1 March 2021 to 12 October 2026.

Purchases make up the whole of the open-market record (82 purchases, €754.2M). Unlike grants, an open-market purchase is paid for by the insider, at the market price. In 2026 alone, the filings show 6 purchases and no sales.

In size, the median ticket on the buying side is €4.3M. As a share of market capitalisation, the median purchase stands at 0.066%, based on 4 purchases. 42 out of 80 purchases came within 30 days of a purchase by at least one other insider of the same company. Such overlaps are known as a cluster signal: distinct people reaching the same decision at about the same time. Ninety days after publication, 61 purchases show a median change of -3.8%, with the price up in 44% of them. This is a record of the past, not a forecast.

Most recently, on 14 October 2026, the filings show an open-market purchase worth €1.4M in ELIS. Filings reach the AMF feed a median of 3 days after the trade. For comparison, MAR article 19 gives managers three business days to notify a trade. This summary is built from AMF disclosures alone and does not predict where the share price will go.