UNITED STATES

						SECURITIES AND EXCHANGE COMMISSION

						Washington, D.C.  20549

							Form 13F

						FORM 13F COVER PAGE


Report for the Calendar Year or Quarter Ended:   December 31, 2012

Check here if Amendment [ ]; Amendment Number:


This Amendment:  	[ ] is a restatement.

			[X] adds new holdings entries.


Institutional Investment Manager Filing this Report:

				Name:		BTG Pactual Global Asset Management Ltd

				Address:   	Clarendon House
            					2 Church Street
            					Hamilton, HM11
            					Bermuda



					Form 13F File Number:  28-____________

The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:

Name:		Joshua Shapiro

Title:		Chief Compliance Officer

Phone:      	(212) 293 - 4658


Signature, 		Place, 		and Date of Signing:
Joshua Shapiro		New York	11 February 2013

Report Type:

[X]   13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)

[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all

 holdings are reported by other reporting manager(s).)

[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)


List of Other Managers Reporting for this Manager:



FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers: 	4

Form 13F Information Table Entry Total: 67

Form 13F Information Table Value Total: 137403

List of Other Included Managers:

01: BTG Pactual Asset Management US LLC
02: BTG Pactual Asia Limited
03: BTG Pactual Europe LLP
04: BTG Pactual Asset Management S.A. DTVM



								

	FORM 13F INFORMATION TABLE


NAME OF ISSUER		TITLE OF CLASS		CUSIP		VALUE 		SHARES	SH/	PUT/	INVSTMT 	OTHER 		VOTING AUTHORITY
								(x$1000)	PRN AMT	PRH	CALL	DSCERETN	MANAGERS	SOLE	SHARED	NONE

3-D SYS Corp DEL		COM NEW		88554D205	-22663		-424800	SH		OTHER		01 02 03 04	0	-424800	0
AGCO CORP			COM		001084102	1105 		22500	SH		OTHER		01 02 03 04	0	22500	0
AGNICO EAGLE MINES LTD		COM		008474108	-1049 		-20000	SH		OTHER		01 02 03 04	0	-20000	0
ALLEGHENY TECHNOLOGIES INC	COM		01741R102	1822		60000	SH		OTHER		01 02 03 04	0	60000	0
AMERICAN AXLE & MFG HLDS IN	COM		024061103	280 		25000	SH		OTHER		01 02 03 04	0	25000	0
AMERICAN EAGLE OUTFITTERS NE	COM		02553E106	615 		30000	SH		OTHER		01 02 03 04	0	30000	0
AMERICAN INTL GROUP INC		COM		026874784	-2746 		-77800	SH		OTHER		01 02 03 04	0	-77800	0
ANHEUSER BUSCH INBEV SA/NV	SPONSORED ADR	03524A108	43367 		496138	SH		OTHER		01 02 03 04	0	496138	0
AVON PRODS INC			COM		054303102	5738		399580	SH		OTHER		01 02 03 04	0	399580	0
BAKER HUGHES INC		COM		057224107	1479		36200	SH		OTHER		01 02 03 04	0	36200	0
BANCO BRADESCO S A		SP ADR PFD NEW	059460303	9870		568200	SH		OTHER		01 02 03 04	0	568200	0
BARNES & NOBLE INC		COM		067774109	1509 		100000	SH		OTHER		01 02 03 04	0	100000	0
BEST BUY INC			COM		086516101	-1093 		-92250	SH		OTHER		01 02 03 04	0	-92250	0
BOSTON PROPERTIES INC		COM		101121101	-995		-9400	SH		OTHER		01 02 03 04	0	-9400	0
BRF-BRASIL FOODS S A		SPONSORED ADR	10552T107	21512		1019037	SH		OTHER		01 02 03 04	0	1019037	0
CAMERON INTERNATIONAL CORP	COM		13342B105	-2089 		-37000	SH		OTHER		01 02 03 04	0	-37000	0
CARNIVAL CORP			COM		143658300	19680		546200	SH		OTHER		01 02 03 04	0	546200	0
CATERPILLAR INC DEL		COM		149123101	1134		12650	SH		OTHER		01 02 03 04	0	12650	0
CEMEX SAB DE CV			SPON ADR NEW	151290889	4739		480109	SH		OTHER		01 02 03 04	0	480109	0
CENTRAIS ELETRICAS BRASILEIR	SPON ADR PFD B	15234Q108	300 		58544	SH		OTHER		01 02 03 04	0	58544	0
CINCINNATI BELL INC NEW 	COM		171871106	548 		100000	SH		OTHER		01 02 03 04	0	100000	0
CLOUD PEAK ENERGY INC		COM		18911Q102	967		50000	SH		OTHER		01 02 03 04	0	50000	0
COBALT INTL ENERGY INC		COM		9075F106	-7368 		-300000	SH		OTHER		01 02 03 04	0	-300000	0
DEERE & CO			COM		244199105	-1607 		-18600	SH		OTHER		01 02 03 04	0	-18600	0
DICKS SPORTING GOODS INC	COM		253393102	1365		30000	SH		OTHER		01 02 03 04	0	30000	0
DOW CHEM CO			COM		260543103	503		15550	SH		OTHER		01 02 03 04	0	15550	0
LILLY ELI & CO			COM		532457108	1287 		26100	SH		OTHER		01 02 03 04	0	26100	0
E M C CORP MASS			COM		268648102	-4438 		-175400	SH		OTHER		01 02 03 04	0	-175400	0
ENCANA CORP			COM		292505104	494 		25000	SH		OTHER		01 02 03 04	0	25000	0
FOREST OIL CORP			COM PAR $0.01	346091705	6960		1040290	SH		OTHER		01 02 03 04	0	1040290	0
FREEPORT-MCMORAN COPPER & GO	COM		35671D857	5080 		148550	SH		OTHER		01 02 03 04	0	148550	0
GENERAL ELECTRIC CO		COM		369604103	-636		-30300	SH		OTHER		01 02 03 04	0	-30300	0
GENERAL MTRS CO			COM		37045V100	-19172 		-665000	SH		OTHER		01 02 03 04	0	-665000	0
GOLDCORP INC NEW		COM		380956409	2085		56800	SH		OTHER		01 02 03 04	0	56800	0
HALLIBURTON CO			COM		406216101	-3594		-103600	SH		OTHER		01 02 03 04	0	-103600	0
HEALTH CARE REIT INC		COM		42217K106	-3365		-54900	SH		OTHER		01 02 03 04	0	-54900	0
HEWLETT PACKARD CO		COM		428236103	6056 		425000	SH		OTHER		01 02 03 04	0	425000	0
INTERCONTINENTALEXCHANGE INC	COM		45865V100	-1374 		-11100	SH		OTHER		01 02 03 04	0	-11100	0
ISHARES TR		       MSCI CHILE INVES	464286640	-4420 		-69900	SH		OTHER		01 02 03 04	0	-69900	0
ISHARES TR		       MSCI MEX INVEST	464286822	-15077 		-213774	SH		OTHER		01 02 03 04	0	-213774	0
PENNEY J C INC			COM		708160106	-941 		-47750	SH		OTHER		01 02 03 04	0	-47750	0
KRONOS WORLDWIDE INC		COM		50105F105	683		35000	SH		OTHER		01 02 03 04	0	35000	0
LEUCADIA NATL CORP		COM		527288104	1190		50000	SH		OTHER		01 02 03 04	0	50000	0
MASTERCARD INC			CL A		57636Q104	-6190 		-12600	SH		OTHER		01 02 03 04	0	-12600	0
NATIONAL OILWELL VARCO INC	COM		637071101	2051		30000	SH		OTHER		01 02 03 04	0	30000	0
NEW YORK TIMES CO		CL A		650111107	8005 		938500	SH		OTHER		01 02 03 04	0	938500	0
NEXEN INC			COM		65334H102	60141		2232400	SH		OTHER		01 02 03 04	0	2232400	0
NORDSTROM INC			COM		655664100	-803		-15000	SH		OTHER		01 02 03 04	0	-15000	0
NU SKIN ENTERPRISES INC		CL A		67018T105	-1297		-35000	SH		OTHER		01 02 03 04	0	-35000	0
NUCOR CORP			COM		670346105	1079 		25000	SH		OTHER		01 02 03 04	0	25000	0
NYSE EURONEXT			COM		629491101	1922		60933	SH		OTHER		01 02 03 04	0	60933	0
PEABODY ENERGY CORP		COM		704549104	1331		50000	SH		OTHER		01 02 03 04	0	50000	0
PVH CORP			COM		693656100	-5233		-47139	SH		OTHER		01 02 03 04	0	-47139	0
RALCORP HLDGS INC NEW		COM		751028101	202 		2257	SH		OTHER		01 02 03 04	0	2257	0
RUBY TUESDAY INC		COM		781182100	197		25000	SH		OTHER		01 02 03 04	0	25000	0
SAFEWAY INC			COM NEW		786514208	351		19400	SH		OTHER		01 02 03 04	0	19400	0
SONY CORP			ADR NEW		835699307	-4480 		-400000	SH		OTHER		01 02 03 04	0	-400000	0
STILLWATER MNG CO		COM		86074Q102	2748		215000	SH		OTHER		01 02 03 04	0	215000	0
TRONOX LTD			SHS CL A	Q9235V101	456000		25000	SH		OTHER		01 02 03 04	0	25000	0
VARIAN MED SYS INC		COM		92220P105	7375 		105000	SH		OTHER		01 02 03 04	0	105000	0
VOLCANO CORPORATION		COM		928645100	2028 		85900	SH		OTHER		01 02 03 04	0	85900	0
DISNEY WALT CO			COM DISNEY	254687106	-2335 		-46900	SH		OTHER		01 02 03 04	0	-46900	0
WALTER ENERGY INC		COM		93317Q105	1794 		50000	SH		OTHER		01 02 03 04	0	50000	0
WARNACO GROUP INC		COM NEW		934390402	18559 		259317	SH		OTHER		01 02 03 04	0	259317	0
WEATHERFORD INTERNATIONAL LT	REG SHS		H27013103	783 		70000	SH		OTHER		01 02 03 04	0	70000	0
WESTERN UN CO			COM		959802109	680 		50000	SH		OTHER		01 02 03 04	0	50000	0
WPX ENERGY INC			COM		98212B103	298		20000	SH		OTHER		01 02 03 04	0	20000	0