Vault-13

COSAN S A CSANY

ADS · ADR · CUSIP 22113B103

Brazilian energy company

77 institutional holders +9 vs Q3 2025
19,906,51519.9m shares reported held*
$79.7mreported value*
24 new 14 added 26 reduced 18 sold out net bought ≈ $15.3m (+3.8m 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 ≈ $4.00.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 60Q4 22: 62Q1 23: 67Q2 23: 66Q3 23: 63Q4 23: 72Q1 24: 73Q2 24: 76Q3 24: 82Q4 24: 87Q1 25: 88Q2 25: 87Q3 25: 68Q4 25: 7777Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202260
Q4 202262
Q1 202367
Q2 202366
Q3 202363
Q4 202372
Q1 202473
Q2 202476
Q3 202482
Q4 202487
Q1 202588
Q2 202587
Q3 202568
Q4 202577

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q1 24: 35 bought or addedQ1 24: 37 cut or sold outQ2 24: 38 bought or addedQ2 24: 36 cut or sold outQ2 24Q3 24: 40 bought or addedQ3 24: 34 cut or sold outQ4 24: 52 bought or addedQ4 24: 42 cut or sold outQ4 24Q1 25: 48 bought or addedQ1 25: 49 cut or sold outQ2 25: 46 bought or addedQ2 25: 52 cut or sold outQ2 25Q3 25: 34 bought or addedQ3 25: 53 cut or sold outQ4 25: 38 bought or addedQ4 25: 44 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20243537
Q2 20243836
Q3 20244034
Q4 20245242
Q1 20254849
Q2 20254652
Q3 20253453
Q4 20253844

Biggest buyers

Monaco Asset Management SAM Added +2,004,813+2.0m
UBS Group AG Added +941,548+941.5k
MARSHALL WACE, LLP Added +843,051+843.1k
Balyasny Asset Management L.P. Added +761,968+762.0k
XTX Topco Ltd Added +547,051+547.1k
Tejara Capital Ltd New +351,000+351.0k
LMR Partners LLP New +320,000+320.0k
Massar Capital Management, LP New +300,172+300.2k
JANE STREET GROUP, LLC Added +242,861+242.9k
SG Americas Securities, LLC New +188,752+188.8k

Biggest sellers

Itau Unibanco Holding S.A. Sold out -658,046-658.0k
MORGAN STANLEY Reduced -597,654-597.7k
Point72 Asset Management, L.P. Sold out -456,969-457.0k
Kapitalo Investimentos Ltda Sold out -418,432-418.4k
Sanctuary Advisors, LLC Sold out -209,468-209.5k
MILLENNIUM MANAGEMENT LLC Reduced -200,548-200.5k
ROYAL BANK OF CANADA Reduced -178,104-178.1k
RENAISSANCE TECHNOLOGIES LLC Reduced -171,200-171.2k
Aquamarine Financial (Cayman) Ltd Reduced -144,149-144.1k
BAROMETER CAPITAL MANAGEMENT INC. Reduced -112,850-112.8k

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
Queluz Holdings Ltd. 13D · may seek influence -15.3 pts · filed 2025-11-12
Stated purposeItem 4 of the original statement on Schedule 13D is amended and restated to read as follows: The Shares to which this Statement relates were acquired by the Reporting Persons with the purpose of investing in the Issuer's securities. The Shares subscribed for by New Holding as part of the transactions described in Item 3 were acquired with the purpose of investing in the Issuer's securities. Mr. Mello is the chairman of the board of the directors of the Issuer and the controlling shareholder of each of Queluz, AS Investimentos, AS Negocios and Rio das Pedras. Each of the Shares entitles its holder to one vote. Mr. Mello controls 20.7% of the Issuer's issued and outstanding share capital and voting power by virtue of his beneficial ownership and control of 822,312,930 of the Issuer's Share… Full filing
 20.7% -15.3 pts 822.3m 2025-11-12
BlackRock, Inc. 13G · institution new · filed 2025-02-14 6.1% new 114.3m 2025-02-14

Insider purchases and sales in Q4 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 4,062,9824.1m $16.0m $16.0m 0.02% Reduced -171.2k -171,200
2 UBS Group AG 0.00% of their portfolio ZURICH, V8 3,492,7923.5m $13.8m $13.8m 0.00% Added +941.5k +941,548
3 Monaco Asset Management SAM 3.52% of their portfolio Monaco, O9 3,004,8133.0m $11.9m $11.9m 3.52% Added +2.0m +2,004,813
4 Aquamarine Financial (Cayman) Ltd 0.67% of their portfolio Grand Cayman, E9 2,096,9042.1m $8.3m $8.3m 0.67% Reduced -144.1k -144,149
5 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,105,4721.1m $4.4m $4.4m 0.00% Reduced -597.7k -597,654
6 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 868,927868.9k $3.4m $3.4m 0.00% Added +843.1k +843,051
7 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 776,592776.6k $3.1m $3.1m 0.01% Added +762.0k +761,968
8 XTX Topco Ltd 0.06% of their portfolio LONDON, X0 588,722588.7k $2.3m $2.3m 0.06% Added +547.1k +547,051
9 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 429,222429.2k $1.7m $1.7m 0.00% Added +242.9k +242,861
10 Tejara Capital Ltd 0.58% of their portfolio London, X0 351,000351.0k $1.4m $1.4m 0.58% New
11 LMR Partners LLP 0.01% of their portfolio LONDON, X0 320,000320.0k $1.3m $1.3m 0.01% New
12 Massar Capital Management, LP 0.23% of their portfolio STAMFORD, CT 300,172300.2k $1.2m $1.2m 0.23% New
13 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 286,966287.0k $1.1m $1.1m 0.00% Reduced -200.5k -200,548
14 Naman Capital Ltda 0.30% of their portfolio Sao Paulo, D5 271,941271.9k $1.1m $1.1m 0.30% Unchanged
15 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 188,752188.8k $746.0k $746.0k 0.00% New
16 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 173,751173.8k $686.0k $686.0k 0.00% Added +97.4k +97,442
17 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 167,996168.0k $663.6k $663.6k 0.00% New
18 BlackRock, Inc. 0.00% of their portfolio New York, NY 139,669139.7k $551.7k $551.7k 0.00% Reduced -76.1k -76,053
19 Marex Group Ltd 0.01% of their portfolio London, X0 120,000120.0k $474.0k $474.0k 0.01% New
20 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 110,475110.5k $436.4k $436.4k 0.00% Unchanged
21 Alpine Global Management, LLC 0.08% of their portfolio NEW YORK, NY 94,88594.9k $374.8k $374.8k 0.08% New
22 Patriot Financial Group Insurance Agency, LLC 0.04% of their portfolio Westborough, MA 82,07582.1k $324.2k $324.2k 0.04% New
23 Optiver Holding B.V. 0.01% of their portfolio AMSTERDAM, P7 78,21878.2k $309.0k $309.0k 0.01% Reduced -49.9k -49,879
24 Engineers Gate Manager LP 0.00% of their portfolio NEW YORK, NY 71,45171.5k $282.2k $282.2k 0.00% Added +32.4k +32,440
25 Pekin Hardy Strauss, Inc. 0.02% of their portfolio CHICAGO, IL 65,00065.0k $256.8k $256.8k 0.02% New
26 PharVision Advisers, LLC 0.12% of their portfolio BOCA RATON, FL 58,13658.1k $229.6k $229.6k 0.12% Added +24.0k +23,985
27 Virtu Financial LLC 0.01% of their portfolio New York, NY 56,81456.8k $224.0k $224.0k 0.01% New
28 BLUEFIN CAPITAL MANAGEMENT, LLC 0.06% of their portfolio NEW YORK, NY 50,00050.0k $197.5k $197.5k 0.06% New
29 TWO SIGMA SECURITIES, LLC 0.03% of their portfolio NEW YORK, NY 47,10947.1k $186.1k $186.1k 0.03% New
30 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 40,00040.0k $158.0k $158.0k 0.00% Reduced -6.1k -6,100
31 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 33,53733.5k $132.5k $132.5k 0.00% New
32 Concurrent Investment Advisors, LLC 0.00% of their portfolio Tampa, FL 33,34033.3k $131.7k $131.7k 0.00% New
33 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 22,27022.3k $88.0k $88.0k 0.00% Reduced -35.7k -35,674
34 Mariner, LLC 0.00% of their portfolio Overland Park, KS 22,04922.0k $87.1k $87.1k 0.00% Reduced -11.4k -11,446
35 W1M Asset Management Ltd 0.00% of their portfolio London, X0 20,00020.0k $79.1k $79.1k 0.00% New
36 EFG International AG 0.00% of their portfolio Zurich, V8 20,00020.0k $79.0k $79.0k 0.00% First filing
37 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 17,63217.6k $69.6k $69.6k 0.00% Added +2.9k +2,940
38 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 17,50017.5k $69.1k $69.1k 0.00% New
39 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 15,87515.9k $62.7k $62.7k 0.00% New
40 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 14,75314.8k $58.3k $58.3k 0.00% Added +4.3k +4,255
41 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 14,40114.4k $56.9k $56.9k 0.00% Reduced -9.2k -9,203
42 BOOTHBAY FUND MANAGEMENT, LLC 0.00% of their portfolio NEW YORK, NY 13,85513.9k $54.7k $54.7k 0.00% New
43 Clear Harbor Asset Management, LLC 0.00% of their portfolio Stamford, CT 13,50013.5k $53.3k $53.3k 0.00% New
44 Tuttle Capital Management, LLC 0.11% of their portfolio RIVERSIDE, CT 12,78612.8k $50.5k $50.5k 0.11% New
45 Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio OAKLAND, CA 12,26712.3k $48.5k $48.5k 0.00% Reduced -3.0k -3,010
46 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 11,50111.5k $45.4k $45.4k 0.00% New
47 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 11,26711.3k $44.5k $44.5k 0.00% Reduced -15.0k -15,001
48 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 11,19911.2k $44.2k $44.2k 0.00% Reduced -724 -724
49 VPR Management LLC 0.02% of their portfolio HOUSTON, TX 10,92010.9k $43.1k $43.1k 0.02% Unchanged
50 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 10,29310.3k $40.7k $40.7k 0.00% Reduced -3.3k -3,342
51 NLB Skladi, upravljanje premozenja, d.o.o. 0.00% of their portfolio Ljubljana, 2A 10,00010.0k $39.5k $39.5k 0.00% First filing
52 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 9,8179.8k $38.8k $38.8k 0.00% Reduced -106.5k -106,531
53 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 8,9549.0k $35.4k $35.4k 0.00% Reduced -14.1k -14,139
54 BAROMETER CAPITAL MANAGEMENT INC. 0.27% of their portfolio TORONTO, A6 8,8508.8k $1.1m $1.1m 0.27% Reduced -112.8k -112,850
55 QUADRANT CAPITAL GROUP LLC 0.00% of their portfolio CINCINNATI, OH 7,1197.1k $28.1k $28.1k 0.00% Added +1.5k +1,531
56 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 4,9905.0k $19.7k $19.7k 0.00% Added +318 +318
57 FMR LLC 0.00% of their portfolio BOSTON, MA 3,8063.8k $15.0k $15.0k 0.00% Reduced -5.0k -4,955
58 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 2,1472.1k $8.5k $8.5k 0.00% Reduced -626 -626
59 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 1,6811.7k $6.6k $6.6k 0.00% Reduced -32 -32
60 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,6791.7k $6.6k $6.6k 0.00% Reduced -13.5k -13,496
61 Smartleaf Asset Management LLC 0.00% of their portfolio BOSTON, MA 1,5521.6k $6.2k $6.2k 0.00% New
62 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 1,5241.5k $6.0k $6.0k 0.00% Added +1.2k +1,244
63 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 686686 $2.7k $2.7k 0.00% Unchanged
64 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 609609 $2.4k $2.4k 0.00% Unchanged
65 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 601601 $2.4k $2.4k 0.00% New
66 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 506506 $2.0k $2.0k 0.00% Reduced -1.1k -1,097
67 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 403403 $1.6k $1.6k 0.00% Reduced -3.4k -3,386
68 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 368368 $1.0k $1.0k 0.00% Reduced -178.1k -178,104
69 CWM, LLC 0.00% of their portfolio OMAHA, NE 308308 $1.0k $1.0k 0.00% Unchanged
70 Caitong International Asset Management Co., Ltd 0.00% of their portfolio HONG KONG, K3 213213 $841 $841 0.00% New
71 JFS WEALTH ADVISORS, LLC 0.00% of their portfolio HERMITAGE, PA 200200 $790 $790 0.00% Unchanged
72 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 188188 $743 $743 0.00% Reduced -10.8k -10,826
73 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 129129 $510 $510 0.00% Unchanged
74 Cornerstone Financial Management LLC 0.00% of their portfolio BURLINGTON, MA 118118 $466 $466 0.00% First filing
75 Physician Wealth Advisors, Inc. 0.00% of their portfolio MIDVALE, UT 115115 $455 $455 0.00% Unchanged
76 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 105105 $415 $415 0.00% Unchanged
77 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 6666 $261 $261 0.00% Reduced -1.2k -1,222