Vault-13

GRUPO FINANCIERO GALICIA S.A GGAL

SPONSORED ADR · ADR · CUSIP 399909100 · ISIN US3999091008

Argentine banking group

133 institutional holders +9 vs Q4 2025
29,892,94329.9m shares reported held*
$1.4bnreported value*
33 new 43 added 37 reduced 20 sold out net sold ≈ $48.4m (-1.0m 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 ($777.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $46.69. Options: 14 managers hold calls ($125.0m notional), 14 hold puts ($131.8m).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 57Q4 22: 54Q1 23: 55Q2 23: 61Q3 23: 71Q4 23: 70Q1 24: 79Q2 24: 117Q3 24: 136Q4 24: 181Q1 25: 169Q2 25: 182Q3 25: 130Q4 25: 124Q1 26: 133133Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 202257
Q4 202254
Q1 202355
Q2 202361
Q3 202371
Q4 202370
Q1 202479
Q2 2024117
Q3 2024136
Q4 2024181
Q1 2025169
Q2 2025182
Q3 2025130
Q4 2025124
Q1 2026133

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 24: 67 bought or addedQ2 24: 50 cut or sold outQ3 24: 76 bought or addedQ3 24: 62 cut or sold outQ3 24Q4 24: 101 bought or addedQ4 24: 66 cut or sold outQ1 25: 96 bought or addedQ1 25: 93 cut or sold outQ1 25Q2 25: 107 bought or addedQ2 25: 78 cut or sold outQ3 25: 69 bought or addedQ3 25: 123 cut or sold outQ3 25Q4 25: 66 bought or addedQ4 25: 84 cut or sold outQ1 26: 76 bought or addedQ1 26: 57 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20246750
Q3 20247662
Q4 202410166
Q1 20259693
Q2 202510778
Q3 202569123
Q4 20256684
Q1 20267657

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ2 25 calls: $84.2mQ2 25 puts: $147.7mQ2 25P/C 1.75Q3 25 calls: $189.7mQ3 25 puts: $122.3mQ3 25P/C 0.64Q4 25 calls: $213.3mQ4 25 puts: $198.8mQ4 25P/C 0.93Q1 26 calls: $125.0mQ1 26 puts: $131.8mQ1 26P/C 1.05
Numbers
QuarterCallsPutsP/C
Q2 2025$84.2m$147.7m1.75
Q3 2025$189.7m$122.3m0.64
Q4 2025$213.3m$198.8m0.93
Q1 2026$125.0m$131.8m1.05

Biggest buyers

Westwood Global Investments, LLC Added +2,371,593+2.4m
Route One Investment Company, L.P. New +579,350+579.4k
Gemsstock Ltd. New +473,448+473.4k
CITIGROUP INC Added +378,095+378.1k
Aquamarine Financial (Cayman) Ltd Added +268,673+268.7k
CITADEL ADVISORS LLC New +241,955+242.0k
Sagil Capital LLP New +231,958+232.0k
DISCOVERY CAPITAL MANAGEMENT, LLC / CT Added +228,500+228.5k
MILLENNIUM MANAGEMENT LLC Added +184,762+184.8k
Moerus Capital Management LLC New +175,098+175.1k

Biggest sellers

GQG Partners LLC Sold out -3,075,544-3.1m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -984,117-984.1k
Carrhae Capital LLP Sold out -795,204-795.2k
PRICE T ROWE ASSOCIATES INC /MD/ Reduced -349,473-349.5k
Fourth Sail Capital LP Sold out -308,728-308.7k
PointState Capital LP Reduced -296,237-296.2k
Verition Fund Management LLC Reduced -273,861-273.9k
RWC ASSET ADVISORS (US) LLC Reduced -224,532-224.5k
HSBC HOLDINGS PLC Reduced -201,018-201.0k
GROUP ONE TRADING LLC Reduced -195,880-195.9k

Biggest calls

CITADEL ADVISORS LLC Added $45.7m978.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $30.2m646.8k shares
GROUP ONE TRADING LLC Reduced $12.5m267.6k shares
Caption Management, LLC New $11.4m245.0k shares
JANE STREET GROUP, LLC Reduced $9.7m208.3k shares
SIMPLEX TRADING, LLC New $3.3m69.7k shares
D. E. Shaw & Co., Inc. New $2.4m51.9k shares
Squarepoint Ops LLC Reduced $2.4m50.6k shares
IMC-Chicago, LLC Reduced $2.2m46.4k shares
TUDOR INVESTMENT CORP ET AL Reduced $2.1m44.9k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $42.4m907.1k shares
CITADEL ADVISORS LLC Added $28.5m609.8k shares
JANE STREET GROUP, LLC Added $23.7m508.2k shares
GROUP ONE TRADING LLC Reduced $11.1m237.6k shares
IMC-Chicago, LLC Added $10.8m231.8k shares
TUDOR INVESTMENT CORP ET AL Added $3.6m76.4k shares
MILLENNIUM MANAGEMENT LLC Added $3.5m75.0k shares
SIMPLEX TRADING, LLC New $2.2m46.1k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $1.4m29.8k shares
HRT FINANCIAL LP New $1.3m27.5k 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 Q1 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.

None reported in Q1 2026.

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Westwood Global Investments, LLC 9.41% of their portfolio BOSTON, MA 5,403,0355.4m $252.4m $252.4m 9.41% Added +2.4m +2,371,593
2 Aquamarine Financial (Cayman) Ltd 8.10% of their portfolio Grand Cayman, E9 2,360,9822.4m $110.7m $110.7m 8.10% Added +268.7k +268,673
3 PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio BALTIMORE, MD 1,767,4521.8m $82.6m $82.6m 0.01% Reduced -349.5k -349,473
4 MAK CAPITAL ONE LLC 11.05% of their portfolio NEW YORK, NY 1,429,0751.4m $66.8m $66.8m 11.05% Added +85.6k +85,587
5 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,401,3681.4m $65.5m $65.5m 0.00% Added +65.8k +65,781
6 PointState Capital LP 1.41% of their portfolio New York, NY 1,296,7531.3m $60.6m $60.6m 1.41% Reduced -296.2k -296,237
7 Driehaus Capital Management LLC 0.37% of their portfolio Chicago, IL 1,067,2091.1m $49.8m $49.8m 0.37% Reduced -169.6k -169,624
8 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.07% of their portfolio CAUSEWAY BAY, K3 1,061,2341.1m $49.6m $49.6m 0.07% Added +41.8k +41,821
9 INCA Investments LLC 15.58% of their portfolio MIAMI, FL 940,056940.1k $43.9m $43.9m 15.58% Unchanged
10 DISCOVERY CAPITAL MANAGEMENT, LLC / CT 2.11% of their portfolio SOUTH NORWALK, CT 869,129869.1k $40.6m $40.6m 2.11% Added +228.5k +228,500
11 TT International Asset Management LTD 4.29% of their portfolio LONDON, X0 841,858841.9k $39.3m $39.3m 4.29% Reduced -35.0k -35,027
12 RWC Asset Management LLP 1.46% of their portfolio LONDON, X0 747,876747.9k $34.9m $34.9m 1.46% Reduced -68.3k -68,325
13 UBS Group AG 0.01% of their portfolio ZURICH, V8 702,334702.3k $32.8m $32.8m 0.01% Reduced -80.6k -80,635
14 Kora Management LP 4.38% of their portfolio BROOKLYN, NY 657,333657.3k $30.7m $30.7m 4.38% Added +119.0k +119,000
15 Route One Investment Company, L.P. 1.18% of their portfolio San Francisco, CA 579,350579.4k $27.1m $27.1m 1.18% New
16 CITIGROUP INC 0.02% of their portfolio NEW YORK, NY 558,218558.2k $26.1m $26.1m 0.02% Added +378.1k +378,095
17 Itau Unibanco Holding S.A. 0.62% of their portfolio SAO PAULO, D5 550,441550.4k $25.7m $25.7m 0.62% Reduced -14.0k -13,996
18 PING CAPITAL MANAGEMENT, INC. 9.40% of their portfolio NEW YORK, NY 520,500520.5k $24.3m $24.3m 9.40% Added +69.7k +69,700
19 Long Focus Capital Management, LLC 1.04% of their portfolio SAN JUAN, PR 506,000506.0k $23.6m $23.6m 1.04% Unchanged
20 Gemsstock Ltd. 2.33% of their portfolio London, X0 473,448473.4k $22.1m $22.1m 2.33% New
21 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 372,616372.6k $16.0m $16.0m 0.00% Reduced -17.1k -17,109
22 RWC ASSET ADVISORS (US) LLC 3.42% of their portfolio MIAMI, FL 339,966340.0k $15.9m $15.9m 3.42% Reduced -224.5k -224,532
23 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 321,359321.4k $15.0m $15.0m 0.01% Added +184.8k +184,762
24 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 314,583314.6k $14.7m $14.7m 0.02% Reduced -984.1k -984,117
25 Brevan Howard Capital Management LP 0.11% of their portfolio ST. HELIER, Y9 252,650252.7k $11.2m $11.2m 0.11% Added +154.8k +154,794
26 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 241,955242.0k $11.3m $11.3m 0.01% New
27 Sagil Capital LLP 6.94% of their portfolio LONDON, X0 231,958232.0k $10.8m $10.8m 6.94% New
28 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 228,468228.5k $10.7m $10.7m 0.00% Added +25.6k +25,612
29 Verition Fund Management LLC 0.10% of their portfolio GREENWICH, CT 219,183219.2k $10.2m $10.2m 0.10% Reduced -273.9k -273,861
30 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 200,833200.8k $10.8m $10.8m 0.00% Added +4.0k +3,952
31 NWI MANAGEMENT LP 0.28% of their portfolio NEW YORK, NY 198,624198.6k $9.3m $9.3m 0.28% Unchanged
32 Fiera Capital Corp 0.03% of their portfolio MONTREAL, A8 193,921193.9k $9.1m $9.1m 0.03% Added +41.9k +41,928
33 USS Investment Management Ltd 0.04% of their portfolio London, X0 189,544189.5k $8.9m $8.9m 0.04% Unchanged
34 Moerus Capital Management LLC 3.02% of their portfolio NEW YORK, NY 175,098175.1k $8.2m $8.2m 3.02% New
35 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 172,686172.7k $7.8m $7.8m 0.00% Reduced -201.0k -201,018
36 Alpine Global Management, LLC 1.21% of their portfolio NEW YORK, NY 170,000170.0k $7.9m $7.9m 1.21% New
37 Absolute Gestao de Investimentos Ltda. 0.90% of their portfolio SAO PAULO, D5 168,677168.7k $7.9m $7.9m 0.90% New
38 LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 165,572165.6k $7.7m $7.7m 0.01% Added +7.6k +7,603
39 Amundi 0.00% of their portfolio Paris, I0 149,789149.8k $7.0m $7.0m 0.00% Added +16.0k +15,962
40 SAMLYN CAPITAL, LLC 0.11% of their portfolio New York, NY 133,715133.7k $6.2m $6.2m 0.11% New
41 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 118,862118.9k $5.6m $5.6m 0.00% Added +42.3k +42,290
42 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 109,841109.8k $5.1m $5.1m 0.01% Reduced -83.6k -83,635
43 Ramirez Asset Management, Inc. 0.43% of their portfolio NEW YORK, NY 80,88780.9k $3.6m $3.6m 0.43% Added +4.2k +4,181
44 Banco Santander, S.A. 0.03% of their portfolio Madrid, U3 78,06478.1k $3.6m $3.6m 0.03% Added +24.1k +24,150
45 GROUP ONE TRADING LLC 0.09% of their portfolio CHICAGO, IL 58,98059.0k $2.8m $2.8m 0.09% Reduced -195.9k -195,880
46 XTX Topco Ltd 0.05% of their portfolio LONDON, X0 57,73657.7k $2.7m $2.7m 0.05% Added +41.4k +41,448
47 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 50,90950.9k $2.4m $2.4m 0.00% Reduced -126 -126
48 Alphadyne Asset Management LP 0.31% of their portfolio NEW YORK, NY 50,04850.0k $2.3m $2.3m 0.31% Unchanged
49 IMC-Chicago, LLC 0.04% of their portfolio CHICAGO, IL 49,78749.8k $2.3m $2.3m 0.04% New
50 NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.00% of their portfolio PHILADELPHIA, PA 49,72349.7k $2.3m $2.3m 0.00% Added +10.0k +10,028
51 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 47,70047.7k $2.2m $2.2m 0.00% New
52 CHESAPEAKE ASSET MANAGEMENT LLC 1.71% of their portfolio NEW YORK, NY 45,58345.6k $2.1m $2.1m 1.71% Added +6.7k +6,700
53 Systrade AG 1.41% of their portfolio VADUZ, N2 45,00045.0k $2.1m $2.1m 1.41% Unchanged
54 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 44,53144.5k $2.1m $2.1m 0.00% Added +3.7k +3,729
55 Turim 21 Investimentos Ltda. 0.49% of their portfolio RIO DE JANEIRO, D5 41,58641.6k $1.9m $1.9m 0.49% Added +17.7k +17,746
56 Caprock Group, LLC 0.05% of their portfolio BOISE, ID 41,02541.0k $1.9m $1.9m 0.05% Unchanged
57 Schonfeld Strategic Advisors LLC 0.02% of their portfolio NEW YORK, NY 40,95941.0k $1.9m $1.9m 0.02% Added +23.7k +23,680
58 Atom Investors LP 0.12% of their portfolio AUSTIN, TX 37,11637.1k $1.7m $1.7m 0.12% New
59 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 32,38232.4k $1.5m $1.5m 0.00% Added +686 +686
60 Activest Wealth Management 0.25% of their portfolio AVENTURA, FL 30,61230.6k $1.4m $1.4m 0.25% Added +4.2k +4,241
61 Massar Capital Management, LP 0.28% of their portfolio STAMFORD, CT 30,00030.0k $1.4m $1.4m 0.28% Unchanged
62 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 27,98528.0k $1.3m $1.3m 0.00% Reduced -23.3k -23,257
63 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 26,66526.7k $1.2m $1.2m 0.00% Added +13.6k +13,600
64 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 26,40726.4k $1.2m $1.2m 0.00% Unchanged
65 DELTEC ASSET MANAGEMENT LLC 0.22% of their portfolio New York, NY 25,90025.9k $1.2m $1.2m 0.22% Added +400 +400
66 Marex Group Ltd 0.01% of their portfolio London, X0 23,80223.8k $1.1m $1.1m 0.01% New
67 SIMPLEX TRADING, LLC 0.03% of their portfolio CHICAGO, IL 23,65423.7k $1.1m $1.1m 0.03% New
68 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 20,00020.0k $934.2k $934.2k 0.00% Reduced -2.5k -2,500
69 Verde Servicos Internacionais S.A. 0.29% of their portfolio SAO PAULO, D5 20,00020.0k $934.0k $934.0k 0.29% New
70 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 20,00020.0k $934.2k $934.2k 0.00% New
71 Kirkoswald Asset Management LLC 17.87% of their portfolio NEW YORK, NY 20,00020.0k $934.2k $934.2k 17.87% Unchanged
72 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 19,08019.1k $891.2k $891.2k 0.00% Reduced -7.9k -7,911
73 EDMOND DE ROTHSCHILD HOLDING S.A. 0.01% of their portfolio CHAMBESY, V8 18,88018.9k $881.9k $881.9k 0.01% Reduced -10.6k -10,550
74 INSIGNEO ADVISORY SERVICES, LLC 0.06% of their portfolio MIAMI, FL 18,56918.6k $867.4k $867.4k 0.06% Reduced -5.1k -5,133
75 FOX RUN MANAGEMENT, L.L.C. 0.12% of their portfolio GREENWICH, CT 16,25016.2k $698.9k $698.9k 0.12% Added +5.9k +5,855
76 Steadtrust LLC 0.40% of their portfolio ALLEN, TX 15,20415.2k $710.2k $710.2k 0.40% Unchanged
77 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 13,62313.6k $636.3k $636.3k 0.00% Added +223 +223
78 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 13,01813.0k $608.1k $608.1k 0.00% Reduced -6.2k -6,180
79 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 12,84612.8k $600.0k $600.0k 0.00% Reduced -23.5k -23,532
80 TWO SIGMA SECURITIES, LLC 0.07% of their portfolio NEW YORK, NY 12,65012.7k $590.9k $590.9k 0.07% New
81 Stelac Advisory Services LLC 0.12% of their portfolio NEW YORK, NY 12,20012.2k $571.8k $571.8k 0.12% Unchanged
82 Virtu Financial LLC 0.02% of their portfolio New York, NY 12,19912.2k $570.0k $570.0k 0.02% New
83 Patriot Financial Group Insurance Agency, LLC 0.03% of their portfolio Westborough, MA 11,99212.0k $560.1k $560.1k 0.03% New
84 TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio STAMFORD, CT 11,97912.0k $559.5k $559.5k 0.00% New
85 Engineers Gate Manager LP 0.01% of their portfolio NEW YORK, NY 11,92011.9k $556.8k $556.8k 0.01% New
86 Walleye Trading LLC 0.01% of their portfolio NEW YORK, NY 11,73811.7k $548.3k $548.3k 0.01% Added +4.4k +4,374
87 Vontobel Holding Ltd. 0.00% of their portfolio ZURICH, V8 11,22711.2k $524.4k $524.4k 0.00% Reduced -13.0k -13,000
88 Caitong International Asset Management Co., Ltd 0.09% of their portfolio HONG KONG, K3 10,46710.5k $488.9k $488.9k 0.09% New
89 Crocodile Capital Partners GmbH 0.39% of their portfolio URSENSOLLEN, 2M 10,00010.0k $539.4k $539.4k 0.39% Unchanged
90 Pekin Hardy Strauss, Inc. 0.05% of their portfolio CHICAGO, IL 9,7509.8k $455.4k $455.4k 0.05% Reduced -450 -450
91 AXQ CAPITAL, LP 0.05% of their portfolio JERSEY CITY, NJ 8,9949.0k $420.1k $420.1k 0.05% New
92 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 8,8788.9k $414.7k $414.7k 0.00% New
93 PRELUDE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio NEW YORK, NY 8,0008.0k $373.7k $373.7k 0.03% New
94 Orion Porfolio Solutions, LLC 0.00% of their portfolio OMAHA, NE 7,0887.1k $331.1k $331.1k 0.00% Added +1.4k +1,434
95 Mariner, LLC 0.00% of their portfolio Overland Park, KS 6,9026.9k $322.4k $322.4k 0.00% Reduced -173 -173
96 GLENMEDE TRUST CO NA 0.00% of their portfolio PHILADELPHIA, PA 6,3476.3k $296.5k $296.5k 0.00% Unchanged
97 NorthRock Partners, LLC 0.00% of their portfolio MINNEAPOLIS, MN 6,0866.1k $284.3k $284.3k 0.00% Added +5 +5
98 Brooklyn Investment Group 0.01% of their portfolio NEW YORK, NY 5,9355.9k $277.2k $277.2k 0.01% Reduced -2.9k -2,876
99 PROFUND ADVISORS LLC 0.01% of their portfolio BETHESDA, MD 5,5575.6k $259.6k $259.6k 0.01% New
100 Banco BTG Pactual S.A. 0.05% of their portfolio RIO DE JANEIRO, D5 5,2405.2k $244.8k $244.8k 0.05% Reduced -69.0k -69,045