Vault-13

LATAM AIRLINES GROUP SA LTM

SPONSORED ADR · ADR · CUSIP 51817R205 · ISIN US51817R2058

89 institutional holders +30 vs Q1 2025
58,536,53358.5m shares reported held*
$2.4bnreported value*
38 new 33 added 15 reduced 9 sold out net sold ≈ $186.3m (-4.6m 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 ($219.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $40.65. Options: 2 managers hold calls ($394.2k notional), 2 hold puts ($33.9m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 24: 38Q4 24: 50Q1 25: 59Q2 25: 8989Q3 24Q4 24Q1 25Q2 25
Numbers
QuarterHolders
Q3 202438
Q4 202450
Q1 202559
Q2 202589

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 24: 34 bought or addedQ4 24: 10 cut or sold outQ4 24Q1 25: 38 bought or addedQ1 25: 23 cut or sold outQ1 25Q2 25: 71 bought or addedQ2 25: 24 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q4 20243410
Q1 20253823
Q2 20257124

Calls vs puts

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

CallsPuts
$0$10m$20m$30m$40mQ3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $394.2kQ2 25 puts: $33.9mQ2 25P/C 85.91
Numbers
QuarterCallsPutsP/C
Q3 2024$0$0—
Q4 2024$0$0—
Q1 2025$0$0—
Q2 2025$394.2k$33.9m85.91

Biggest buyers

Newport Trust Company, LLC New +5,634,993+5.6m
MORGAN STANLEY Added +429,297+429.3k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP New +426,115+426.1k
TWO SIGMA INVESTMENTS, LP Added +414,582+414.6k
MARSHALL WACE, LLP New +302,850+302.9k
VANGUARD GROUP INC New +283,417+283.4k
BNP PARIBAS FINANCIAL MARKETS Added +281,816+281.8k
CITADEL ADVISORS LLC Added +205,237+205.2k
TWO SIGMA ADVISERS, LP Added +191,400+191.4k
Robeco Institutional Asset Management B.V. Added +155,553+155.6k

Biggest sellers

Strategic Value Partners, LLC Reduced -3,646,741-3.6m
Monarch Alternative Capital LP Sold out -3,000,000-3.0m
Varde Management, L.P. Reduced -2,532,624-2.5m
MARATHON ASSET MANAGEMENT LP Sold out -1,962,550-2.0m
DEUTSCHE BANK AG\ Sold out -1,550,000-1.6m
Olympus Peak Asset Management LP Reduced -822,283-822.3k
PAR CAPITAL MANAGEMENT INC Reduced -302,500-302.5k
FARALLON CAPITAL MANAGEMENT, L.L.C. Reduced -243,918-243.9k
SPX Gestao de Recursos Ltda Reduced -164,739-164.7k
SCOGGIN MANAGEMENT LP Reduced -50,000-50.0k

Biggest calls

Biggest puts

HBK INVESTMENTS L P Not comparable $33.9m833.3k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. New $00 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.

HolderStakeChangeShares Last filed
Sixth Street Partners Management Company, L.P. 13D · may seek influence -4.2 pts · filed 2026-02-11
Stated purposeItem 4 of the Schedule 13D is hereby amended and supplemented by inserting the following text at the end thereof: Underwriting Agreement On February 9, 2026, Lauca entered into an underwriting agreement (the "Underwriting Agreement") with J.P. Morgan Securities LLC (the "Underwriter") and the Issuer. Pursuant to the Underwriting Agreement, Lauca sold to the Underwriter 12,000,000 ADS, each representing 2,000 shares of Common Stock, at a price per ADS of $61.90 (the "Offering Price" and such offering, the "Underwritten Offering"). The ADS purchased by the Underwriter were issued by JPMorgan Chase Bank, N.A. (the "Depositary") and are evidenced by ADRs pursuant to the Deposit Agreement, dated as of September 21, 2017, as amended by the first amendment, dated as of March 12, 2021, and the… Full filing
13.2% -4.2 pts 75.9bn 2026-02-11

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Strategic Value Partners, LLC 100.00% of their portfolio Greenwich, CT 38,153,60238.2m $1.6bn $1.6bn 100.00% Reduced -3.6m -3,646,741
2 Olympus Peak Asset Management LP 100.00% of their portfolio GREENWICH, CT 6,706,1106.7m $272.5m $272.5m 100.00% Reduced -822.3k -822,283
3 Newport Trust Company, LLC 0.55% of their portfolio Washington, DC 5,634,9935.6m $229.0m $229.0m 0.55% New
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 950,411950.4k $38.6m $38.6m 0.00% Added +429.3k +429,297
5 TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio NEW YORK, NY 503,117503.1k $20.4m $20.4m 0.04% Added +414.6k +414,582
6 Columbus Hill Capital Management, L.P. 2.73% of their portfolio Short Hills, NJ 466,839466.8k $19.0m $19.0m 2.73% Reduced -10.0k -10,000
7 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio BOSTON, MA 426,115426.1k $17.3m $17.3m 0.01% New
8 Aubrey Capital Management Ltd 4.94% of their portfolio EDINBURGH, X0 335,153335.2k $13.6m $13.6m 4.94% Added +53.8k +53,753
9 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 331,959332.0k $13.5m $13.5m 0.01% Added +281.8k +281,816
10 FARALLON CAPITAL MANAGEMENT, L.L.C. 0.06% of their portfolio SAN FRANCISCO, CA 318,092318.1k $12.9m $12.9m 0.06% Reduced -243.9k -243,918
11 Robeco Institutional Asset Management B.V. 0.02% of their portfolio ROTTERDAM, P7 309,213309.2k $12.6m $12.6m 0.02% Added +155.6k +155,553
12 Varde Management, L.P. 17.43% of their portfolio New York, NY 303,036303.0k $13.1m $13.1m 17.43% Reduced -2.5m -2,532,624
13 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 302,850302.9k $12.3m $12.3m 0.01% New
14 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 298,026298.0k $12.1m $12.1m 0.00% Added +11.9k +11,929
15 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 283,417283.4k $11.5m $11.5m 0.00% New
16 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 254,900254.9k $10.4m $10.4m 0.01% Added +84.9k +84,900
17 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 230,855230.9k $9.4m $9.4m 0.01% Added +205.2k +205,237
18 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 224,174224.2k $9.1m $9.1m 0.00% Added +138.0k +138,006
19 TWO SIGMA ADVISERS, LP 0.02% of their portfolio NEW YORK, NY 212,000212.0k $8.6m $8.6m 0.02% Added +191.4k +191,400
20 PAR CAPITAL MANAGEMENT INC 0.22% of their portfolio BOSTON, MA 165,000165.0k $6.7m $6.7m 0.22% Reduced -302.5k -302,500
21 Cubist Systematic Strategies, LLC 0.07% of their portfolio STAMFORD, CT 163,511163.5k $6.6m $6.6m 0.07% Added +24.0k +24,033
22 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 142,920142.9k $5.8m $5.8m 0.00% Added +45.1k +45,060
23 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 137,741137.7k $5.6m $5.6m 0.00% Added +41.3k +41,333
24 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 132,779132.8k $5.4m $5.4m 0.00% Added +92.5k +92,521
25 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio COLUMBUS, OH 109,683109.7k $4.5m $4.5m 0.02% New
26 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 108,499108.5k $4.4m $4.4m 0.00% Added +23.3k +23,267
27 U S GLOBAL INVESTORS INC 0.51% of their portfolio SAN ANTONIO, TX 107,017107.0k $4.3m $4.3m 0.51% New
28 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 93,66593.7k $3.8m $3.8m 0.01% New
29 Monashee Investment Management LLC 1.72% of their portfolio Boston, MA 80,00080.0k $3.3m $3.3m 1.72% New
30 UBS Group AG 0.00% of their portfolio ZURICH, V8 76,62176.6k $3.1m $3.1m 0.00% Reduced -8.0k -7,998
31 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 75,69075.7k $3.1m $3.1m 0.00% New
32 SCOGGIN MANAGEMENT LP 1.41% of their portfolio NEW YORK, NY 75,00075.0k $3.0m $3.0m 1.41% Reduced -50.0k -50,000
33 Ghisallo Capital Management LLC 0.08% of their portfolio BOSTON, MA 75,00075.0k $3.0m $3.0m 0.08% Reduced -25.0k -25,000
34 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 69,10869.1k $2.8m $2.8m 0.00% Added +41.4k +41,363
35 BARDIN HILL MANAGEMENT PARTNERS LP 1.67% of their portfolio NEW YORK, NY 65,70965.7k $2.7m $2.7m 1.67% Added +41.2k +41,177
36 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 55,16055.2k $2.2m $2.2m 0.00% New
37 XTX Topco Ltd 0.07% of their portfolio LONDON, X0 41,79041.8k $1.7m $1.7m 0.07% Added +28.9k +28,881
38 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 40,00640.0k $1.6m $1.6m 0.00% Added +5.6k +5,629
39 Kiker Wealth Management, LLC 0.82% of their portfolio JASPER, GA 35,91035.9k $1.5m $1.5m 0.82% New
40 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 34,96035.0k $1.4m $1.4m 0.01% Added +10.3k +10,320
41 GSA CAPITAL PARTNERS LLP 0.10% of their portfolio LONDON, X0 34,61434.6k $1.4m $1.4m 0.10% New
42 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 27,78527.8k $1.1m $1.1m 0.00% Added +23.7k +23,724
43 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 27,60327.6k $1.1m $1.1m 0.00% Reduced -2.6k -2,631
44 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 23,75723.8k $965.0k $965.0k 0.01% New
45 SPX Gestao de Recursos Ltda 0.09% of their portfolio RIO DE JANEIRO, D5 23,47423.5k $954.0k $954.0k 0.09% Reduced -164.7k -164,739
46 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 23,38923.4k $950.5k $950.5k 0.00% New
47 Y-Intercept (Hong Kong) Ltd 0.02% of their portfolio HONG KONG, K3 22,37922.4k $909.5k $909.5k 0.02% New
48 Virtu Financial LLC 0.04% of their portfolio New York, NY 20,98521.0k $853.0k $853.0k 0.04% New
49 Engineers Gate Manager LP 0.01% of their portfolio NEW YORK, NY 18,66818.7k $758.7k $758.7k 0.01% Added +2.1k +2,082
50 Jain Global LLC 0.01% of their portfolio NEW YORK, NY 18,08118.1k $734.8k $734.8k 0.01% New
51 Walleye Capital LLC 0.01% of their portfolio NEW YORK, NY 14,79014.8k $601.1k $601.1k 0.01% New
52 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 14,64814.6k $595.0k $595.0k 0.00% New
53 Jump Financial, LLC 0.01% of their portfolio Chicago, IL 13,66213.7k $555.2k $555.2k 0.01% New
54 NOMURA ASSET MANAGEMENT CO LTD 0.00% of their portfolio TOKYO, M0 13,55813.6k $551.0k $551.0k 0.00% New
55 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 12,32712.3k $500.0k $500.0k 0.00% New
56 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 12,25512.3k $498.0k $498.0k 0.00% New
57 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 11,34111.3k $460.9k $460.9k 0.00% New
58 Quantbot Technologies LP 0.01% of their portfolio NEW YORK, NY 9,8879.9k $401.8k $401.8k 0.01% New
59 R Squared Ltd 0.18% of their portfolio HONG KONG, K3 7,8837.9k $320.4k $320.4k 0.18% Not comparable
60 Liontrust Investment Partners LLP 0.00% of their portfolio LONDON, X0 6,7226.7k $273.2k $273.2k 0.00% Added +891 +891
61 FLOW TRADERS U.S. LLC 0.01% of their portfolio NEW YORK, NY 6,4616.5k $263.0k $263.0k 0.01% New
62 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 5,8225.8k $236.6k $236.6k 0.00% New
63 FMR LLC 0.00% of their portfolio BOSTON, MA 5,5135.5k $224.0k $224.0k 0.00% Reduced -8.5k -8,527
64 Point72 Asset Management, L.P. 0.00% of their portfolio STAMFORD, CT 5,4005.4k $219.5k $219.5k 0.00% Reduced -22.5k -22,522
65 Crossmark Global Holdings, Inc. 0.00% of their portfolio HOUSTON, TX 5,1235.1k $208.2k $208.2k 0.00% New
66 Raiffeisen Bank International AG 0.00% of their portfolio VIENNA, C4 4,7504.8k $185.3k $185.3k 0.00% New
67 ATLAS CAPITAL ADVISORS INC. 0.02% of their portfolio JACKSON, WY 3,5433.5k $144.0k $144.0k 0.02% New
68 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 3,1943.2k $129.8k $129.8k 0.00% Unchanged
69 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 3,0873.1k $125.5k $125.5k 0.00% Added +1.1k +1,138
70 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 2,2132.2k $89.9k $89.9k 0.00% New
71 Caitong International Asset Management Co., Ltd 0.06% of their portfolio HONG KONG, K3 2,1702.2k $88.2k $88.2k 0.06% Added +1.9k +1,918
72 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 1,7921.8k $72.8k $72.8k 0.00% Added +111 +111
73 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,4001.4k $56.0k $56.0k 0.00% New
74 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 808808 $32.8k $32.8k 0.00% Reduced -22 -22
75 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 594594 $24.1k $24.1k 0.00% Added +372 +372
76 Financial Management Professionals, Inc. 0.00% of their portfolio AUSTIN, TX 535535 $21.7k $21.7k 0.00% New
77 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 426426 $17.3k $17.3k 0.00% Added +40 +40
78 NewSquare Capital LLC 0.00% of their portfolio NEWTOWN SQUARE, PA 213213 $8.7k $8.7k 0.00% Added +112 +112
79 CWM, LLC 0.00% of their portfolio OMAHA, NE 166166 $7.0k $7.0k 0.00% Added +43 +43
80 BlackRock, Inc. 0.00% of their portfolio New York, NY 162162 $6.6k $6.6k 0.00% New
81 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 4545 $1.8k $1.8k 0.00% Added +35 +35
82 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 2525 $1.0k $1.0k 0.00% Added +4 +4
83 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 1818 $732 $732 0.00% New
84 Bell Investment Advisors, Inc 0.00% of their portfolio ORINDA, CA 1616 $651 $651 0.00% New
85 True Wealth Design, LLC 0.00% of their portfolio AKRON, OH 77 $285 $285 0.00% Added +2 +2
86 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 66 $244 $244 0.00% New
87 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 44 $163 $163 0.00% New
88 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11 $24 $24 0.00% Reduced -1.6k -1,572
89 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged