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 ($7.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $50.40. Options: 19 managers hold calls ($84.2m notional), 18 hold puts ($147.7m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 57 |
| Q4 2022 | 54 |
| Q1 2023 | 55 |
| Q2 2023 | 61 |
| Q3 2023 | 71 |
| Q4 2023 | 70 |
| Q1 2024 | 79 |
| Q2 2024 | 117 |
| Q3 2024 | 136 |
| Q4 2024 | 181 |
| Q1 2025 | 169 |
| Q2 2025 | 182 |
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 2023 | 42 | 34 |
| Q4 2023 | 43 | 37 |
| Q1 2024 | 47 | 45 |
| Q2 2024 | 67 | 50 |
| Q3 2024 | 76 | 62 |
| Q4 2024 | 101 | 66 |
| Q1 2025 | 96 | 93 |
| Q2 2025 | 107 | 78 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $132.3m | $142.0m | 1.07 |
| Q4 2024 | $147.3m | $136.7m | 0.93 |
| Q1 2025 | $92.9m | $163.1m | 1.75 |
| Q2 2025 | $84.2m | $147.7m | 1.75 |
Biggest buyers
| GQG Partners LLC | New | +3.1m |
| JANE STREET GROUP, LLC | Added | +970.8k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | Added | +664.5k |
| WELLINGTON MANAGEMENT GROUP LLP | New | +637.5k |
| CI INVESTMENTS INC. | Added | +585.9k |
| MORGAN STANLEY | Added | +549.6k |
| Driehaus Capital Management LLC | Added | +467.0k |
| SAMLYN CAPITAL, LLC | New | +437.5k |
| Itau Unibanco Holding S.A. | Added | +424.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +419.6k |
Biggest sellers
| HSBC HOLDINGS PLC | Reduced | -11.7m |
| AXIOM INVESTORS LLC /DE | Reduced | -1.5m |
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT | Reduced | -507.8k |
| Fourth Sail Capital LP | Sold out | -414.2k |
| JENNISON ASSOCIATES LLC | Reduced | -401.7k |
| Duquesne Family Office LLC | Reduced | -150.0k |
| Ratan Capital Management LP | Reduced | -140.0k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -128.8k |
| Jump Financial, LLC | Sold out | -126.7k |
| FRANKLIN RESOURCES INC | Sold out | -122.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $28.8m572.3k shares |
| JANE STREET GROUP, LLC | Added | $10.1m200.0k shares |
| PEAK6 LLC | Added | $9.4m186.6k shares |
| GROUP ONE TRADING LLC | Added | $8.1m160.0k shares |
| CITADEL ADVISORS LLC | Reduced | $5.7m113.1k shares |
| Walleye Trading LLC | Added | $5.5m108.6k shares |
| UBS Group AG | Reduced | $4.9m98.0k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $4.2m84.2k shares |
| SIMPLEX TRADING, LLC | Added | $2.1m40.9k shares |
| TUDOR INVESTMENT CORP ET AL | Reduced | $1.3m25.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $48.8m968.0k shares |
| GROUP ONE TRADING LLC | Added | $28.0m555.5k shares |
| CITADEL ADVISORS LLC | Added | $27.8m551.5k shares |
| Caption Management, LLC | Reduced | $15.4m305.7k shares |
| Walleye Trading LLC | Added | $9.5m188.5k shares |
| PEAK6 LLC | Reduced | $3.8m76.4k shares |
| JANE STREET GROUP, LLC | Reduced | $3.8m75.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.5m49.7k shares |
| UBS Group AG | New | $1.8m35.0k shares |
| IMC-Chicago, LLC | Added | $1.4m28.0k 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 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 Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| GQG Partners LLC 0.22% of their portfolio | 3.1m $157.6m | New |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.19% of their portfolio | 1.9m $97.6m | Added +664.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 1.9m $96.8m | Added +419.6k |
| PointState Capital LP 1.72% of their portfolio | 1.6m $80.6m | Added +94.7k |
| AXIOM INVESTORS LLC /DE 0.60% of their portfolio | 1.4m $72.7m | Reduced -1.5m |
| MORGAN STANLEY 0.00% of their portfolio | 1.3m $63.1m | Added +549.6k |
| Capital World Investors 0.01% of their portfolio | 1.1m $55.4m | Added +412.4k |
| Driehaus Capital Management LLC 0.44% of their portfolio | 1.1m $55.2m | Added +467.0k |
| INCA Investments LLC 20.94% of their portfolio | 1.1m $53.9m | Reduced -28.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.04% of their portfolio | 1.1m $53.7m | Reduced -70.0k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.14% of their portfolio | 1.0m $51.8m | Reduced -47.8k |
| JANE STREET GROUP, LLC 0.08% of their portfolio | 989.6k $49.9m | Added +970.8k |
| Itau Unibanco Holding S.A. 1.71% of their portfolio | 894.0k $45.0m | Added +424.7k |
| CI INVESTMENTS INC. 0.14% of their portfolio | 760.3k $38.3m | Added +585.9k |
| JENNISON ASSOCIATES LLC 0.02% of their portfolio | 683.6k $34.4m | Reduced -401.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 637.5k $32.1m | New |
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT 1.98% of their portfolio | 500.0k $25.2m | Reduced -507.8k |
| Banco BTG Pactual S.A. 5.00% of their portfolio | 487.9k $24.6m | Added +324.4k |
| SAMLYN CAPITAL, LLC 0.32% of their portfolio | 437.5k $22.0m | New |
| PING CAPITAL MANAGEMENT, INC. 10.86% of their portfolio | 380.9k $19.2m | Reduced -300 |
| SPX Gestao de Recursos Ltda 1.74% of their portfolio | 368.3k $18.6m | Added +146.5k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 346.7k $17.5m | Reduced -27.3k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 345.0k $17.4m | Reduced -15.5k |
| Gemsstock Ltd. 3.03% of their portfolio | 337.3k $17.0m | Added +3.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio | 298.9k $15.1m | New |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 291.7k $14.7m | Added +43.5k |
| Caption Management, LLC 1.27% of their portfolio | 275.7k $13.9m | Added +28.2k |
| AGF MANAGEMENT LTD 0.06% of their portfolio | 251.3k $12.7m | New |
| RWC Asset Management LLP 0.64% of their portfolio | 242.8k $12.2m | Added +198.4k |
| Duquesne Family Office LLC 0.30% of their portfolio | 231.5k $11.7m | Reduced -150.0k |
| GROUP ONE TRADING LLC 0.38% of their portfolio | 228.9k $11.5m | Added +124.5k |
| SOROS FUND MANAGEMENT LLC 0.20% of their portfolio | 228.3k $11.5m | New |
| DEPRINCE RACE & ZOLLO INC 0.21% of their portfolio | 204.9k $10.3m | Added +73.0k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 201.1k $10.1m | Reduced -29.7k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 200.2k $10.1m | Added +58.3k |
| Burkehill Global Management, LP 0.74% of their portfolio | 200.0k $10.1m | New |
| SEVEN GRAND MANAGERS, LLC 1.21% of their portfolio | 200.0k $10.1m | New |
| NWI MANAGEMENT LP 0.47% of their portfolio | 198.6k $10.0m | Added +99.3k |
| Sagil Capital LLP 5.29% of their portfolio | 195.0k $9.8m | New |
| NS Partners Ltd 0.40% of their portfolio | 192.9k $9.7m | New |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 184.0k $9.3m | Reduced -22.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 177.6k $9.0m | Reduced -49.3k |
| RWC ASSET ADVISORS (US) LLC 1.97% of their portfolio | 162.5k $8.2m | Reduced -65.0k |
| Cubist Systematic Strategies, LLC 0.09% of their portfolio | 157.1k $7.9m | Reduced -65.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 134.0k $6.8m | Added +87.4k |
| Brevan Howard Capital Management LP 0.07% of their portfolio | 125.3k $6.6m | Added +56.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 125.3k $6.3m | Added +67.6k |
| Fiera Capital Corp 0.02% of their portfolio | 110.2k $5.6m | New |
| Rokos Capital Management LLP 0.09% of their portfolio | 110.2k $5.5m | Added +408 |
| MARSHALL WACE, LLP 0.01% of their portfolio | 105.2k $5.3m | New |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 104.6k $5.3m | New |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 103.7k $5.3m | Reduced -11.7m |
| Carmignac Gestion 0.06% of their portfolio | 77.1k $3.9m | Reduced -62.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 75.3k $3.8m | Added +36.3k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 73.9k $3.7m | New |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 71.0k $3.6m | Added +51.1k |
| Moneda S.A. Administradora General de Fondos 3.64% of their portfolio | 66.7k $3.4m | New |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 65.1k $3.3m | New |
| UBS Group AG 0.00% of their portfolio | 60.4k $3.0m | Reduced -9.7k |
| Verition Fund Management LLC 0.02% of their portfolio | 60.2k $3.0m | New |
| CHESAPEAKE ASSET MANAGEMENT LLC 2.67% of their portfolio | 58.3k $2.9m | Unchanged |
| Ratan Capital Management LP 1.28% of their portfolio | 55.0k $2.8m | Reduced -140.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 54.5k $2.7m | Added +362 |
| Dorsey Wright & Associates 0.65% of their portfolio | 54.0k $2.7m | Reduced -34.1k |
| Ramirez Asset Management, Inc. 0.37% of their portfolio | 48.8k $2.5m | Added +24.2k |
| Handelsbanken Fonder AB 0.01% of their portfolio | 46.5k $2.3m | Added +18.5k |
| SELDON CAPITAL LP 1.00% of their portfolio | 45.6k $2.3m | New |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 45.5k $2.3m | Reduced -1.7k |
| DIVERSIFY WEALTH MANAGEMENT, LLC 0.14% of their portfolio | 42.7k $2.2m | Added +5.4k |
| INSIGNEO ADVISORY SERVICES, LLC 0.18% of their portfolio | 40.6k $2.0m | Added +21.6k |
| Invesco Ltd. 0.00% of their portfolio | 40.1k $2.0m | Reduced -278 |
| POLEN CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 39.4k $2.0m | New |
| Banco Santander, S.A. 0.02% of their portfolio | 37.8k $1.9m | Added +4.4k |
| AdvisorShares Investments LLC 0.34% of their portfolio | 37.3k $1.9m | Added +5.3k |
| Activest Wealth Management 0.41% of their portfolio | 33.7k $1.7m | Added +581 |
| Bank of New York Mellon Corp 0.00% of their portfolio | 31.8k $1.6m | Added +935 |
| Capital Wealth Planning, LLC 0.01% of their portfolio | 30.7k $1.5m | Added +7.5k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 30.5k $1.5m | Added +22.2k |
| Walleye Trading LLC 0.04% of their portfolio | 28.5k $1.4m | Added +23.4k |
| ABS Direct Equity Fund LLC 2.22% of their portfolio | 27.6k $1.4m | Added +6.9k |
| Verde Servicos Internacionais S.A. 0.60% of their portfolio | 27.0k $1.4m | Added +16.5k |
| BANTAMAC CAPITAL, LLC 0.47% of their portfolio | 26.0k $1.3m | Reduced -2.2k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 23.8k $1.2m | Reduced -128.8k |
| LPL Financial LLC 0.00% of their portfolio | 23.7k $1.2m | Added +15.8k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 22.5k $1.1m | Reduced -5.0k |
| SIMPLEX TRADING, LLC 0.03% of their portfolio | 21.9k $1.1m | Reduced -60 |
| BARCLAYS PLC 0.00% of their portfolio | 20.7k $1.0m | Added +14.7k |
| CITIGROUP INC 0.00% of their portfolio | 20.4k $1.0m | Added +5.3k |
| DELTEC ASSET MANAGEMENT LLC 0.17% of their portfolio | 19.3k $972.5k | Added +12.5k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 18.5k $932.1k | Reduced -1.1k |
| Harbour Capital Advisors, LLC 0.20% of their portfolio | 18.4k $925.7k | Reduced -150 |
| Turim 21 Investimentos Ltda. 0.17% of their portfolio | 17.7k $891.9k | Unchanged |
| Graham Capital Management, L.P. 0.02% of their portfolio | 16.0k $805.5k | Added +11.6k |
| Systrade AG 0.87% of their portfolio | 15.2k $764.3k | Added +5.0k |
| Squarepoint Ops LLC 0.00% of their portfolio | 15.0k $756.8k | New |
| WHITTIER TRUST CO 0.01% of their portfolio | 13.8k $697.3k | Added +1.4k |
| Virtu Financial LLC 0.03% of their portfolio | 13.6k $683.0k | New |
| Diversify Advisory Services, LLC 0.03% of their portfolio | 13.5k $704.0k | Added +2.8k |
| Atria Investments, Inc 0.01% of their portfolio | 13.2k $664.9k | Reduced -179 |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 13.1k $660.0k | New |