CRESUD S A C I F Y A CRESY
SPONSORED ADR · ADR · CUSIP 226406106
Argentina agribusiness company
- SectorReal estate
- IndustryReal Estate
- HeadquartersBuenos Aires, Argentina
- Websitecresud.com.ar
- FilingsSEC EDGAR
* 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 ≈ $11.21. Options: 3 managers hold calls ($2.1m notional), 4 hold puts ($532.5k).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 41 |
| Q4 2022 | 40 |
| Q1 2023 | 37 |
| Q2 2023 | 48 |
| Q3 2023 | 46 |
| Q4 2023 | 55 |
| Q1 2024 | 55 |
| Q2 2024 | 57 |
| Q3 2024 | 56 |
| Q4 2024 | 61 |
| Q1 2025 | 59 |
| Q2 2025 | 62 |
| Q3 2025 | 67 |
| Q4 2025 | 58 |
| Q1 2026 | 65 |
| Q2 2026 | 57 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 21 | 19 |
| Q4 2024 | 24 | 21 |
| Q1 2025 | 25 | 26 |
| Q2 2025 | 27 | 26 |
| Q3 2025 | 26 | 39 |
| Q4 2025 | 34 | 36 |
| Q1 2026 | 33 | 24 |
| Q2 2026 | 20 | 31 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $1.7m | $1.4m | 0.79 |
| Q4 2025 | $1.0m | $770.4k | 0.76 |
| Q1 2026 | $1.2m | $788.6k | 0.64 |
| Q2 2026 | $2.1m | $532.5k | 0.26 |
Biggest buyers
| Kopernik Global Investors, LLC | Added | +352.1k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | Added | +247.5k |
| Praetorian PR LLC | New | +154.2k |
| UBS Group AG | Added | +70.8k |
| BNP PARIBAS FINANCIAL MARKETS | Added | +67.1k |
| GOLDMAN SACHS GROUP INC | Added | +40.8k |
| LEVIN CAPITAL STRATEGIES, L.P. | New | +34.0k |
| PING CAPITAL MANAGEMENT, INC. | Added | +22.0k |
| Glenorchy Capital Ltd | Added | +10.4k |
| R Squared Ltd | Added | +5.1k |
Biggest sellers
| CITADEL ADVISORS LLC | Sold out | -206.0k |
| 683 Capital Management, LLC | Reduced | -190.0k |
| Point72 Asset Management, L.P. | Sold out | -96.3k |
| JANE STREET GROUP, LLC | Sold out | -77.7k |
| MORGAN STANLEY | Reduced | -55.1k |
| XTX Topco Ltd | Sold out | -27.1k |
| STATE OF WISCONSIN INVESTMENT BOARD | Sold out | -21.4k |
| JPMORGAN CHASE & CO | Reduced | -19.7k |
| Jump Financial, LLC | Sold out | -19.3k |
| Qube Research & Technologies Ltd | Sold out | -18.8k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.9m165.2k shares |
| CITADEL ADVISORS LLC | Added | $222.0k19.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $12.3k1.1k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $334.1k29.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $170.4k15.2k shares |
| GROUP ONE TRADING LLC | Reduced | $21.3k1.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $6.7k600 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.
| Holder | Stake |
|---|---|
| Kopernik Global Investors, LLC 13G · institution new · filed 2026-06-18 | 6.4% |
Insider purchases and sales since 1 Apr 2026
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.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 3 | $1.3m | 1 | — | — |
| Q3 2026 | 0 | — | 1 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-10 | Elsztain Fernando Adrian Director | Sold | —65.0k shares |
| 2026-09-09 | Elsztain Fernando Adrian Director | Sold | —35.0k shares |
| 2026-08-24 | Elsztain Fernando Adrian Director | Sold | —10.0k shares |
| 2026-08-20 | Elsztain Fernando Adrian Director | Sold | —10.0k shares |
| 2026-08-12 | Elsztain Fernando Adrian Director | Sold | —10.0k shares |
| 2026-07-22 | Elsztain Fernando Adrian Director | Sold | —20.0k shares |
| 2026-07-21 | Elsztain Fernando Adrian Director | Sold | —15.0k shares |
| 2026-07-06 | Elsztain Fernando Adrian Director | Sold | —4.4k shares |
| 2026-06-11 | Elsztain Fernando Adrian Director | Sold | —70.0k shares |
| 2026-06-05 | Elsztain Alejandro Gustavo Director · American Depositary Shares (ADS) | Bought | $199.3k18.2k shares |
| 2026-05-20 | Zang Saul Director · American Depositary Shares (ADS) | Bought | $180.7k17.0k shares |
| 2026-05-14 | ELSZTAIN EDUARDO S Director · American Depositary Shares (ADS) | Bought | $94.1k8.8k shares |
| 2026-05-13 | ELSZTAIN EDUARDO S Director · American Depositary Shares (ADS) | Bought | $619.3k58.6k shares |
| 2026-04-23 | Elsztain Alejandro Gustavo Director · American Depositary Shares (ADS) | Bought | $49.9k4.5k shares |
| 2026-04-22 | Elsztain Alejandro Gustavo Director · American Depositary Shares (ADS) | Bought | $150.2k13.4k shares |
| 2026-04-21 | Elsztain Fernando Adrian Director | Sold | —31.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Kopernik Global Investors, LLC 3.28% of their portfolio | 4.8m $53.4m | Added +352.1k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.03% of their portfolio | 2.1m $23.2m | Reduced -17.1k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.02% of their portfolio | 1.2m $13.2m | Added +247.5k |
| Systrade AG 7.72% of their portfolio | 1.1m $12.3m | Unchanged |
| Crocodile Capital Partners GmbH 7.41% of their portfolio | 972.4k $10.9m | Unchanged |
| VR Advisory Services Ltd 0.69% of their portfolio | 692.8k $7.8m | Unchanged |
| Glenorchy Capital Ltd 2.37% of their portfolio | 338.5k $3.8m | Added +10.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 324.4k $3.6m | Added +67.1k |
| MORGAN STANLEY 0.00% of their portfolio | 237.8k $2.7m | Reduced -55.1k |
| PING CAPITAL MANAGEMENT, INC. 0.62% of their portfolio | 171.4k $1.9m | Added +22.0k |
| NEXPOINT ASSET MANAGEMENT, L.P. 0.13% of their portfolio | 170.9k $1.9m | Unchanged |
| Praetorian PR LLC 0.55% of their portfolio | 154.2k $1.7m | New |
| Steadtrust LLC 0.74% of their portfolio | 130.6k $1.5m | Reduced -2.0k |
| UBS Group AG 0.00% of their portfolio | 102.9k $1.2m | Added +70.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 96.0k $1.1m | Added +40.8k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 82.3k $922.4k | Added +3.2k |
| Comprehensive Money Management Services LLC 0.58% of their portfolio | 82.0k $919.2k | Reduced -685 |
| Dauntless Investment Group, LLC 1.56% of their portfolio | 80.2k $898.9k | Not comparable |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 72.1k $808.2k | Reduced -4.9k |
| OceanIQ Capital, LLC 0.40% of their portfolio | 61.4k $650.1k | First filing |
| Meixler Investment Management, Ltd. 0.32% of their portfolio | 52.3k $586.0k | Added +250 |
| 683 Capital Management, LLC 0.05% of their portfolio | 50.0k $560.5k | Reduced -190.0k |
| Axxion S.A. 0.03% of their portfolio | 37.3k $418.3k | First filing |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 34.3k $384.0k | Unchanged |
| LEVIN CAPITAL STRATEGIES, L.P. 0.03% of their portfolio | 34.0k $381.1k | New |
| CHESAPEAKE ASSET MANAGEMENT LLC 0.26% of their portfolio | 29.9k $334.8k | Unchanged |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 26.6k $297.9k | Reduced -53 |
| GOULD ASSET MANAGEMENT LLC /CA/ 0.04% of their portfolio | 23.8k $266.5k | Unchanged |
| R Squared Ltd 0.13% of their portfolio | 22.7k $254.0k | Added +5.1k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 20.5k $230.2k | Reduced -8.3k |
| Pekin Hardy Strauss, Inc. 0.02% of their portfolio | 20.4k $228.9k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 19.6k $219.4k | Reduced -19.7k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio | 18.7k $209.2k | Reduced -4.7k |
| RITHOLTZ WEALTH MANAGEMENT 0.00% of their portfolio | 16.4k $184.0k | Reduced -4.3k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 12.8k $143.1k | Unchanged |
| SALZHAUER MICHAEL 0.04% of their portfolio | 10.0k $112.1k | Unchanged |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 8.0k $90.2k | Unchanged |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 7.5k $84.6k | Added +1.1k |
| BARCLAYS PLC 0.00% of their portfolio | 3.9k $43.7k | Unchanged |
| GAMMA Investing LLC 0.00% of their portfolio | 3.3k $37.1k | Reduced -400 |
| GROUP ONE TRADING LLC 0.00% of their portfolio | 2.6k $28.7k | New |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 2.1k $23.1k | Added +171 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 2.1k $23.2k | Added +552 |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 1.3k $14.6k | Unchanged |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 1.0k $11.7k | Unchanged |
| LANARK FINANCIAL, INC. 0.00% of their portfolio | 1.0k $11.2k | New |
| Activest Wealth Management 0.00% of their portfolio | 656 $7.4k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 610 $7.0k | Unchanged |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 275 $3.1k | Unchanged |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 140 $1.6k | New |
| Financial Perspectives, Inc 0.00% of their portfolio | 110 $1.2k | Unchanged |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 54 $605 | Unchanged |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 30 $336 | Reduced -50 |
| Smartleaf Asset Management LLC 0.00% of their portfolio | 12 $134 | Unchanged |
| DANSKE BANK A/S 0.00% of their portfolio | 2 $22 | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 1 $7 | Added +1 |
| NewEdge Advisors, LLC 0.00% of their portfolio | 0 $0 | Reduced -410 |