Vault-13

BRF SA BRFS

SPONSORED ADR · ADR · CUSIP 10552T107 · ISIN US10552T1079

83 institutional holders -10 vs Q3 2022
68,847,76468.8m shares reported held*
$108.8mreported value*
13 new 25 added 27 reduced 22 sold out net sold ≈ $152.8k (-97.4k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $1.58. Options: 4 managers hold calls ($79.2k notional), 4 hold puts ($237.9k).

Trends to Q4 2022

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 93Q4 22: 8383Q3 22Q4 22
Numbers
QuarterHolders
Q3 202293
Q4 202283

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100k$200k$300k$400kQ3 22 calls: $257.0kQ3 22 puts: $369.0kQ3 22P/C 1.44Q4 22 calls: $79.2kQ4 22 puts: $237.9kQ4 22P/C 3.00
Numbers
QuarterCallsPutsP/C
Q3 2022$257.0k$369.0k1.44
Q4 2022$79.2k$237.9k3.00

Biggest buyers

MILLENNIUM MANAGEMENT LLC Added +3,833,130+3.8m
CITADEL ADVISORS LLC Added +3,448,144+3.4m
Ninety One UK Ltd New +2,584,598+2.6m
Polunin Capital Partners Ltd Added +1,423,700+1.4m
Qube Research & Technologies Ltd New +1,196,653+1.2m
Connor, Clark & Lunn Investment Management Ltd. New +943,208+943.2k
AMERICAN CENTURY COMPANIES INC Added +261,314+261.3k
MARSHALL WACE, LLP Added +169,929+169.9k
TWO SIGMA INVESTMENTS, LP New +121,800+121.8k
CREDIT SUISSE AG/ Added +116,421+116.4k

Biggest sellers

GOLDMAN SACHS GROUP INC Reduced -3,899,362-3.9m
SEI INVESTMENTS CO Reduced -1,573,200-1.6m
BANK OF AMERICA CORP /DE/ Reduced -1,267,194-1.3m
Itau Unibanco Holding S.A. Reduced -1,082,700-1.1m
Banco BTG Pactual S.A. Sold out -1,023,500-1.0m
Kapitalo Investimentos Ltda Sold out -924,200-924.2k
BlackRock Inc. Reduced -897,809-897.8k
Optiver Holding B.V. Sold out -782,378-782.4k
JANE STREET GROUP, LLC Reduced -771,264-771.3k
BNP PARIBAS FINANCIAL MARKETS Reduced -463,396-463.4k

Biggest calls

Optiver Holding B.V. Added $40.0k25.0k shares
CITADEL ADVISORS LLC Added $27.0k17.1k shares
GROUP ONE TRADING LLC Reduced $12.2k7.7k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

Optiver Holding B.V. Reduced $184.0k116.4k shares
CITADEL ADVISORS LLC New $52.9k33.5k shares
SIMPLEX TRADING, LLC Reduced $1.0k800 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
MARFRIG GLOBAL FOODS S.A. 13D · may seek influence filed 2025-05-22
Stated purposeItem 4 of the Schedule 13D is hereby further amended by adding the following: On May 15, 2025, Marfrig and BRF entered into the Plan of Merger of BRF shares by Marfrig (the "Plan of Merger"), which sets forth the terms and conditions applicable to the Merger (as defined below). The transaction set forth in the Plan of Merger consists of the acquisition by Marfrig of all BRF shares (other than shares held by Marfrig) on the closing date, in exchange for the issuance to BRF shareholders (except Marfrig) of common shares of Marfrig, in accordance with the exchange ratio set forth in the Plan of Merger, resulting in the transfer of BRF's shareholder base to Marfrig ("Merger"). Upon the completion of the Merger, BRF will become a wholly-owned subsidiary of Marfrig. The Plan of Merger is attac… Full filing
50.5% 849.5m 2025-05-22

Fell to 5% or below in the last year: PUBLIC INVESTMENT FUND (0.0%, 2026-01-05)

Holders, Q4 2022

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Allspring Global Investments Holdings, LLC 0.06% of their portfolio CHARLOTTE, NC 22,557,99322.6m $35.6m $35.6m 0.06% Reduced -82.2k -82,200
2 MACQUARIE GROUP LTD 0.02% of their portfolio Sydney, NSW 2000, C3 9,272,1659.3m $14.7m $14.7m 0.02% Reduced -43.5k -43,497
3 Polunin Capital Partners Ltd 3.23% of their portfolio LONDON, X0 8,192,7558.2m $12.9m $12.9m 3.23% Added +1.4m +1,423,700
4 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 4,699,3444.7m $7.4m $7.4m 0.01% Added +3.4m +3,448,144
5 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 3,847,0273.8m $6.1m $6.1m 0.01% Added +3.8m +3,833,130
6 BlackRock Inc. 0.00% of their portfolio New York, NY 2,770,5092.8m $4.4m $4.4m 0.00% Reduced -897.8k -897,809
7 Ninety One UK Ltd 0.01% of their portfolio London, X0 2,584,5982.6m $4.1m $4.1m 0.01% New
8 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 2,050,4692.1m $3.2m $3.2m 0.00% Reduced -3.9m -3,899,362
9 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,858,7421.9m $2.9m $2.9m 0.00% Reduced -82.3k -82,321
10 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 1,196,6531.2m $1.9m $1.9m 0.01% New
11 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 1,057,4021.1m $1.7m $1.7m 0.00% Reduced -463.4k -463,396
12 Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio VANCOUVER, A1 943,208943.2k $1.5m $1.5m 0.01% New
13 UBS Group AG 0.00% of their portfolio ZURICH, V8 744,911744.9k $1.2m $1.2m 0.00% Reduced -12.3k -12,303
14 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 611,079611.1k $965.5k $965.5k 0.00% Added +169.9k +169,929
15 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 526,450526.5k $831.8k $831.8k 0.00% Added +261.3k +261,314
16 Herr Investment Group LLC 0.15% of their portfolio AUSTIN, TX 500,000500.0k $790.0k $790.0k 0.15% First filing
17 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 478,156478.2k $755.5k $755.5k 0.00% Added +109.2k +109,156
18 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 445,555445.6k $704.0k $704.0k 0.00% Reduced -1.6m -1,573,200
19 NORGES BANK 0.00% of their portfolio OSLO, Q8 393,370393.4k $621.5k $621.5k 0.00% Unchanged
20 STOREBRAND ASSET MANAGEMENT AS 0.00% of their portfolio LYSAKER, Q8 370,189370.2k $584.9k $584.9k 0.00% Reduced -45.0k -44,956
21 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 368,221368.2k $582.0k $582.0k 0.01% Reduced -95.2k -95,229
22 Banco Santander, S.A. 0.01% of their portfolio Madrid, U3 323,920323.9k $511.8k $511.8k 0.01% Added +84.6k +84,620
23 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 308,018308.0k $486.7k $486.7k 0.00% Added +116.4k +116,421
24 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.01% of their portfolio Madrid, U3 288,661288.7k $445.8k $445.8k 0.01% Added +57.5k +57,550
25 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 247,289247.3k $390.7k $390.7k 0.00% Added +7.1k +7,065
26 Legal & General Group Plc 0.00% of their portfolio London, X0 196,021196.0k $308.7k $308.7k 0.00% Unchanged
27 BANQUE PICTET & CIE SA 0.00% of their portfolio GENEVA 73, V8 150,000150.0k $237.0k $237.0k 0.00% Unchanged
28 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 146,929146.9k $232.1k $232.1k 0.00% Added +79.4k +79,428
29 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 121,800121.8k $192.4k $192.4k 0.00% New
30 Leonteq Securities AG 0.01% of their portfolio ZURICH, V8 120,322120.3k $190.1k $190.1k 0.01% Reduced -118.7k -118,739
31 B. Riley Wealth Advisors, Inc. 0.00% of their portfolio MEMPHIS, TN 105,000105.0k $165.9k $165.9k 0.00% Reduced -162.8k -162,800
32 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 101,462101.5k $160.3k $160.3k 0.00% Reduced -179.8k -179,802
33 CLOVERFIELDS CAPITAL GROUP, LP 0.05% of their portfolio MINNEAPOLIS, MN 94,44294.4k $149.2k $149.2k 0.05% Unchanged
34 GOULD ASSET MANAGEMENT LLC /CA/ 0.04% of their portfolio CLAREMONT, CA 93,09093.1k $147.1k $147.1k 0.04% Added +20.4k +20,400
35 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 76,10476.1k $120.2k $120.2k 0.00% Reduced -4.4k -4,390
36 Investors Research Corp 0.03% of their portfolio ATLANTA, GA 69,38269.4k $109.6k $109.6k 0.03% Reduced -645 -645
37 First Trust Direct Indexing L.P. 0.01% of their portfolio Boston, MA 62,46962.5k $98.7k $98.7k 0.01% Added +29.9k +29,881
38 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 56,87356.9k $89.9k $89.9k 0.00% First filing
39 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 51,53851.5k $81.7k $81.7k 0.00% Reduced -17.7k -17,681
40 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 50,85150.9k $80.0k $80.0k 0.00% Added +5.0k +5,017
41 Daiwa Securities Group Inc. 0.00% of their portfolio CHIYODA-KU,TOKYO, M0 50,10050.1k $79.0k $79.0k 0.00% Unchanged
42 Provida Pension Fund Administrator 0.00% of their portfolio LAS CONDES, SANTIAGO, F3 49,35749.4k $79.0k $79.0k 0.00% Unchanged
43 Mariner, LLC 0.00% of their portfolio Overland Park, KS 44,16544.2k $70.0k $70.0k 0.00% New
44 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 39,40439.4k $62.3k $62.3k 0.00% Reduced -771.3k -771,264
45 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 38,94438.9k $61.0k $61.0k 0.00% Reduced -2.1k -2,118
46 Ruffer LLP 0.00% of their portfolio LONDON, X0 37,51037.5k $59.3k $59.3k 0.00% Unchanged
47 FMR LLC 0.00% of their portfolio BOSTON, MA 35,37735.4k $55.9k $55.9k 0.00% Added +19.8k +19,818
48 Laird Norton Wetherby Wealth Management, LLC 0.00% of their portfolio Seattle, WA 35,04135.0k $55.4k $55.4k 0.00% Added +24.6k +24,603
49 VPR Management LLC 0.01% of their portfolio HOUSTON, TX 34,96835.0k $55.0k $55.0k 0.01% New
50 Greytown Advisors Inc. 0.03% of their portfolio MIAMI, FL 33,25633.3k $52.5k $52.5k 0.03% Unchanged
51 West Family Investments, Inc. 0.02% of their portfolio CARLSBAD, CA 30,86630.9k $48.8k $48.8k 0.02% New
52 Inspire Advisors, LLC 0.01% of their portfolio Meridian, ID 25,02125.0k $39.5k $39.5k 0.01% Added +7.1k +7,096
53 QUADRANT CAPITAL GROUP LLC 0.00% of their portfolio CINCINNATI, OH 19,76119.8k $31.2k $31.2k 0.00% Added +18.0k +18,043
54 Mitsubishi UFJ Trust & Banking Corp 0.00% of their portfolio TOKYO, M0 18,92918.9k $29.9k $29.9k 0.00% Unchanged
55 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 18,15418.2k $28.7k $28.7k 0.00% Reduced -1.3m -1,267,194
56 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 18,05418.1k $28.5k $28.5k 0.00% Added +15.6k +15,552
57 COMERICA BANK 0.00% of their portfolio DALLAS, TX 17,81017.8k $28.0k $28.0k 0.00% Unchanged
58 YOUSIF CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BLOOMFIELD HILLS, MI 17,81017.8k $28.1k $28.1k 0.00% Unchanged
59 Itau Unibanco Holding S.A. 0.00% of their portfolio SAO PAULO, D5 17,72117.7k $28.0k $28.0k 0.00% Reduced -1.1m -1,082,700
60 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 17,53517.5k $27.7k $27.7k 0.00% Added +2.6k +2,566
61 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 16,76716.8k $26.5k $26.5k 0.00% New
62 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 15,60715.6k $24.7k $24.7k 0.00% New
63 Bayesian Capital Management, LP 0.00% of their portfolio Brooklyn, NY 14,60014.6k $23.1k $23.1k 0.00% New
64 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 14,02114.0k $22.2k $22.2k 0.00% Added +10.5k +10,467
65 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 13,42613.4k $32.0k $32.0k 0.00% Added +7.7k +7,730
66 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 11,78011.8k $18.0k $18.0k 0.00% Reduced -95.3k -95,270
67 Inspire Investing, LLC 0.00% of their portfolio MERIDIAN, ID 10,07010.1k $15.9k $15.9k 0.00% New
68 Lindbrook Capital, LLC 0.00% of their portfolio CALABASAS, CA 4,0514.1k $6.4k $6.4k 0.00% Added +3.5k +3,510
69 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 3,4443.4k $5.4k $5.4k 0.00% Reduced -1.7k -1,716
70 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 3,0893.1k $4.9k $4.9k 0.00% Added +421 +421
71 Aquatic Capital Management LLC 0.00% of their portfolio CHICAGO, IL 1,7001.7k $3.0k $3.0k 0.00% Reduced -21.3k -21,300
72 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,4331.4k $2.0k $2.0k 0.00% Reduced -34.5k -34,496
73 CWM, LLC 0.00% of their portfolio OMAHA, NE 1,2561.3k $2.0k $2.0k 0.00% Added +735 +735
74 Activest Wealth Management 0.00% of their portfolio AVENTURA, FL 1,0001.0k $1.6k $1.6k 0.00% Unchanged
75 Glassman Wealth Services 0.00% of their portfolio VIENNA, VA 838838 $1.3k $1.3k 0.00% New
76 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 728728 $1.0k $1.0k 0.00% Reduced -15.9k -15,908
77 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 518518 $818 $818 0.00% Unchanged
78 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 376376 $594 $594 0.00% New
79 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 161161 $0 $0 0.00% Reduced -232.6k -232,640
80 UMB Bank, n.a. 0.00% of their portfolio Kansas City, MO 132132 $0 $0 0.00% Unchanged
81 Corus Family Wealth Advisors 0.00% of their portfolio MCKINNEY, TX 1010 $16 $16 0.00% Reduced -130 -130
82 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 77 $0 $0 0.00% Unchanged
83 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged