GRUPO FINANCIERO GALICIA S.A GGAL
SPONSORED ADR · ADR · CUSIP 399909100 · ISIN US3999091008
Argentine banking group
* 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 ≈ $17.19. Options: 13 managers hold calls ($38.6m notional), 10 hold puts ($16.1m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 57 |
| Q4 2022 | 54 |
| Q1 2023 | 55 |
| Q2 2023 | 61 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 29 | 31 |
| Q1 2023 | 35 | 23 |
| Q2 2023 | 33 | 32 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $8.2m | $4.9m | 0.60 |
| Q4 2022 | $11.3m | $6.8m | 0.60 |
| Q1 2023 | $16.6m | $8.9m | 0.53 |
| Q2 2023 | $38.6m | $16.1m | 0.42 |
Biggest buyers
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +506.0k |
| JANE STREET GROUP, LLC | Added | +198.9k |
| PICTET ASSET MANAGEMENT SA | New | +196.5k |
| CITADEL ADVISORS LLC | Added | +167.1k |
| Mirae Asset Global Investments Co., Ltd. | Added | +156.8k |
| D. E. Shaw & Co., Inc. | Added | +133.3k |
| Assenagon Asset Management S.A. | Added | +130.6k |
| GOLDMAN SACHS GROUP INC | Added | +116.8k |
| RWC Asset Management LLP | Added | +75.6k |
| WOLVERINE TRADING, LLC | Added | +44.4k |
Biggest sellers
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT | Reduced | -1.3m |
| INCA Investments LLC | Reduced | -563.4k |
| Driehaus Capital Management LLC | Reduced | -427.5k |
| Long Focus Capital Management, LLC | Reduced | -274.2k |
| GROUP ONE TRADING LLC | Reduced | -217.9k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -138.2k |
| HSBC HOLDINGS PLC | Reduced | -112.5k |
| WELLINGTON MANAGEMENT GROUP LLP | Sold out | -74.5k |
| Quadrature Capital Ltd | Reduced | -63.9k |
| Trium Capital LLP | Reduced | -55.8k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $11.5m671.0k shares |
| GROUP ONE TRADING LLC | Added | $7.7m448.2k shares |
| PEAK6 Investments LLC | Reduced | $7.4m428.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $5.5m318.6k shares |
| CITADEL ADVISORS LLC | Reduced | $2.9m168.5k shares |
| Walleye Trading LLC | Reduced | $1.2m72.1k shares |
| JANE STREET GROUP, LLC | Added | $1.2m67.3k shares |
| WOLVERINE TRADING, LLC | Added | $729.3k42.3k shares |
| Belvedere Trading LLC | Added | $230.5k13.4k shares |
| Cubist Systematic Strategies, LLC | Reduced | $177.2k10.3k shares |
Biggest puts
| PEAK6 Investments LLC | Reduced | $5.8m338.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.5m203.7k shares |
| GROUP ONE TRADING LLC | Added | $2.8m161.6k shares |
| CITADEL ADVISORS LLC | Reduced | $2.2m127.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $679.0k39.5k shares |
| JANE STREET GROUP, LLC | Added | $479.9k27.9k shares |
| WOLVERINE TRADING, LLC | Added | $436.2k25.3k shares |
| Belvedere Trading LLC | New | $172.0k10.0k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
| Cutler Group LLC / CA | Unchanged | $0100 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.
Insider purchases and sales in Q2 2023
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 Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| INCA Investments LLC 15.91% of their portfolio | 2.6m $45.5m | Reduced -563.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 1.0m $17.2m | Reduced -53.8k |
| Driehaus Capital Management LLC 0.20% of their portfolio | 903.6k $15.5m | Reduced -427.5k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 690.5k $11.9m | Added +167.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 667.8k $11.5m | Added +506.0k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 636.1k $10.9m | Added +133.3k |
| BlackRock Inc. 0.00% of their portfolio | 493.0k $8.5m | Unchanged |
| Itau Unibanco Holding S.A. 0.35% of their portfolio | 438.8k $7.5m | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 395.3k $6.8m | Reduced -15.7k |
| Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio | 343.7k $5.9m | Added +156.8k |
| Autonomy Capital (Jersey) L.P. 4.71% of their portfolio | 300.0k $5.2m | Reduced -40.0k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 290.0k $5.0m | Added +198.9k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 252.6k $4.3m | Reduced -112.5k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 240.5k $4.1m | Reduced -17.0k |
| PICTET ASSET MANAGEMENT SA 0.00% of their portfolio | 196.5k $3.4m | New |
| RWC Asset Management LLP 0.15% of their portfolio | 185.8k $3.2m | Added +75.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 169.5k $2.9m | Added +116.8k |
| Assenagon Asset Management S.A. 0.01% of their portfolio | 143.4k $2.5m | Added +130.6k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 137.3k $2.4m | Added +864 |
| STATE STREET CORP 0.00% of their portfolio | 129.5k $2.2m | Added +14.7k |
| GROUP ONE TRADING LLC 0.10% of their portfolio | 129.3k $2.2m | Reduced -217.9k |
| Cubist Systematic Strategies, LLC 0.02% of their portfolio | 117.3k $2.0m | Reduced -25.9k |
| CHESAPEAKE ASSET MANAGEMENT LLC 1.49% of their portfolio | 95.7k $1.6m | Added +32.1k |
| Jump Financial, LLC 0.06% of their portfolio | 93.1k $1.6m | Added +602 |
| WOLVERINE TRADING, LLC 0.02% of their portfolio | 89.8k $1.5m | Added +44.4k |
| Long Focus Capital Management, LLC 0.19% of their portfolio | 74.0k $1.3m | Reduced -274.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 71.6k $1.2m | Reduced -12.7k |
| Invesco Ltd. 0.00% of their portfolio | 62.8k $1.1m | Reduced -21.1k |
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT 0.10% of their portfolio | 49.5k $850.7k | Reduced -1.3m |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 37.4k $644.0k | Added +21.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 30.9k $531.7k | Added +1.6k |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 30.3k $522.0k | New |
| Praetorian PR LLC 0.26% of their portfolio | 25.0k $430.0k | New |
| Engineers Gate Manager LP 0.02% of their portfolio | 24.6k $422.9k | New |
| INSIGNEO ADVISORY SERVICES, LLC 0.08% of their portfolio | 23.6k $405.9k | New |
| Pekin Hardy Strauss, Inc. 0.06% of their portfolio | 23.3k $400.1k | New |
| WINTON GROUP Ltd 0.03% of their portfolio | 21.4k $368.5k | Reduced -3.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 19.2k $330.0k | Reduced -138.2k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.01% of their portfolio | 19.0k $327.5k | Reduced -26.2k |
| Bayesian Capital Management, LP 0.03% of their portfolio | 18.8k $323.4k | New |
| Quantbot Technologies LP 0.02% of their portfolio | 18.7k $321.4k | Added +7.1k |
| Quadrature Capital Ltd 0.01% of their portfolio | 17.5k $300.1k | Reduced -63.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 17.4k $300.1k | Reduced -23.1k |
| FOX RUN MANAGEMENT, L.L.C. 0.08% of their portfolio | 17.0k $292.2k | New |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 15.4k $260.0k | Reduced -3.7k |
| Stelac Advisory Services LLC 0.09% of their portfolio | 12.2k $209.8k | Unchanged |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 8.8k $151.2k | Reduced -3.5k |
| UBS Group AG 0.00% of their portfolio | 8.7k $149.4k | Reduced -692 |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 8.5k $145.6k | Added +2.3k |
| Turim 21 Investimentos Ltda. 0.07% of their portfolio | 7.7k $132.3k | New |
| BARCLAYS PLC 0.00% of their portfolio | 4.0k $68.8k | New |
| EARNEST PARTNERS LLC 0.00% of their portfolio | 3.0k $51.7k | Unchanged |
| Belvedere Trading LLC 0.01% of their portfolio | 1.5k $26.4k | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.4k $23.4k | Reduced -218 |
| Activest Wealth Management 0.00% of their portfolio | 626 $7.1k | Added +17 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 450 $7.7k | New |
| Trium Capital LLP 0.00% of their portfolio | 360 $6.0k | Reduced -55.8k |
| Headlands Technologies LLC 0.00% of their portfolio | 325 $5.6k | New |
| Blue Trust, Inc. 0.00% of their portfolio | 19 $0 | New |
| FMR LLC 0.00% of their portfolio | 1 $17 | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |