Vault-13

SENDAS DISTRIBUIDORA S A ASAIY

SPON ADS · ADR · CUSIP 81689T104

84 institutional holders +4 vs Q2 2023
22,592,31222.6m shares reported held*
$274.8mreported value*
14 new 27 added 22 reduced 11 sold out net bought ≈ $19.5m (+1.6m 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 ($208.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $12.16. Options: 3 managers hold calls ($46.8k notional), 2 hold puts ($60.9k).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 62Q4 22: 71Q1 23: 83Q2 23: 80Q3 23: 8484Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 202262
Q4 202271
Q1 202383
Q2 202380
Q3 202384

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q4 22: 39 bought or addedQ4 22: 29 cut or sold outQ4 22Q1 23: 44 bought or addedQ1 23: 35 cut or sold outQ1 23Q2 23: 46 bought or addedQ2 23: 35 cut or sold outQ2 23Q3 23: 41 bought or addedQ3 23: 33 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 20223929
Q1 20234435
Q2 20234635
Q3 20234133

Calls vs puts

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

CallsPuts
$0$100k$200k$300k$400kQ4 22 calls: $378.2kQ4 22 puts: $18.3kQ4 22P/C 0.05Q1 23 calls: $87.8kQ1 23 puts: $87.8kQ1 23P/C 1.00Q2 23 calls: $0Q2 23 puts: $0Q2 23P/C —Q3 23 calls: $46.8kQ3 23 puts: $60.9kQ3 23P/C 1.30
Numbers
QuarterCallsPutsP/C
Q4 2022$378.2k$18.3k0.05
Q1 2023$87.8k$87.8k1.00
Q2 2023$0$0—
Q3 2023$46.8k$60.9k1.30

Biggest buyers

ANTIPODES PARTNERS Ltd New +974,517+974.5k
Coronation Fund Managers Ltd. Added +527,876+527.9k
MORGAN STANLEY Added +376,186+376.2k
GOLDMAN SACHS GROUP INC Added +73,469+73.5k
FEDERATED HERMES, INC. New +41,700+41.7k
RENAISSANCE GROUP LLC Added +30,777+30.8k
ENVESTNET ASSET MANAGEMENT INC Added +26,907+26.9k
AMERICAN CENTURY COMPANIES INC Added +23,219+23.2k
SEI INVESTMENTS CO Added +17,831+17.8k
Corient Private Wealth LP New +15,636+15.6k

Biggest sellers

Fiera Capital Corp Sold out -164,176-164.2k
RENAISSANCE TECHNOLOGIES LLC Sold out -149,700-149.7k
JANE STREET GROUP, LLC Reduced -87,030-87.0k
O'Brien Greene & Co. Inc Reduced -45,000-45.0k
FEDERATED HERMES, INC. Sold out -41,700-41.7k
Banco BTG Pactual S.A. Reduced -34,566-34.6k
TCW GROUP INC Sold out -20,300-20.3k
CIBC WORLD MARKET INC. Sold out -15,605-15.6k
Centiva Capital, LP Sold out -13,786-13.8k
Vident Investment Advisory, LLC Sold out -11,334-11.3k

Biggest calls

CITADEL ADVISORS LLC New $43.8k3.6k shares
SIMPLEX TRADING, LLC New $3.0k300 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC New $60.9k5.0k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $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
ORBIS INVESTMENT MANAGEMENT LTD 13G · institution filed 2025-02-14 11.6% 156.6m 2025-02-14

Insider purchases and sales in Q3 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 Q3 2023.

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Coronation Fund Managers Ltd. 2.99% of their portfolio Cape Town, T3 8,171,4288.2m $99.5m $99.5m 2.99% Added +527.9k +527,876
2 Orbis Allan Gray Ltd 0.56% of their portfolio HamiltoN, D0 6,386,1456.4m $77.8m $77.8m 0.56% Unchanged
3 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 1,061,6761.1m $12.9m $12.9m 0.00% Unchanged
4 ANTIPODES PARTNERS Ltd 0.38% of their portfolio ROYAL EXCHANGE, C3 974,517974.5k $11.8m $11.8m 0.38% New
5 Soapstone Management L.P. 4.52% of their portfolio BETHESDA, MD 802,968803.0k $9.8m $9.8m 4.52% Unchanged
6 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 642,830642.8k $7.8m $7.8m 0.00% Added +376.2k +376,186
7 RENAISSANCE GROUP LLC 0.28% of their portfolio Covington, KY 505,645505.6k $6.1m $6.1m 0.28% Added +30.8k +30,777
8 BlackRock Inc. 0.00% of their portfolio New York, NY 453,930453.9k $5.5m $5.5m 0.00% Reduced -5.1k -5,099
9 Amundi 0.00% of their portfolio Paris, I0 389,871389.9k $4.5m $4.5m 0.00% Added +12.8k +12,764
10 MACQUARIE GROUP LTD 0.01% of their portfolio Sydney, NSW 2000, C3 358,292358.3k $4.4m $4.4m 0.01% Unchanged
11 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 309,821309.8k $3.8m $3.8m 0.00% Reduced -4.0k -4,046
12 BARINGS LLC 0.11% of their portfolio CHARLOTTE, NC 265,941265.9k $3.2m $3.2m 0.11% Unchanged
13 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 265,921265.9k $3.2m $3.2m 0.00% Added +23.2k +23,219
14 BTG Pactual Global Asset Management Ltd 1.44% of their portfolio NEW YORK, NY 206,870206.9k $2.5m $2.5m 1.44% Unchanged
15 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 185,933185.9k $2.3m $2.3m 0.00% Added +17.8k +17,831
16 SENTINEL TRUST CO LBA 0.28% of their portfolio HOUSTON, TX 163,000163.0k $2.0m $2.0m 0.28% Unchanged
17 Ruane, Cunniff & Goldfarb L.P. 0.03% of their portfolio New York, NY 145,705145.7k $1.8m $1.8m 0.03% Added +6.4k +6,378
18 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 129,078129.1k $1.6m $1.6m 0.00% Reduced -3.0k -2,999
19 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 110,116110.1k $1.3m $1.3m 0.00% Added +26.9k +26,907
20 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 106,853106.9k $1.3m $1.3m 0.00% Added +73.5k +73,469
21 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 86,37386.4k $1.1m $1.1m 0.00% Added +3.9k +3,903
22 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 82,21382.2k $1.0m $1.0m 0.00% Reduced -9.4k -9,441
23 BRANDES INVESTMENT PARTNERS, LP 0.02% of their portfolio LA JOLLA, CA 71,90871.9k $875.8k $875.8k 0.02% Reduced -264 -264
24 THORNBURG INVESTMENT MANAGEMENT INC 0.01% of their portfolio SANTA FE, NM 69,14969.1k $810.0k $810.0k 0.01% Added +1.6k +1,603
25 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio Boston, MA 50,37950.4k $613.6k $613.6k 0.00% Unchanged
26 FEDERATED HERMES, INC. 0.00% of their portfolio PITTSBURGH, PA 41,70041.7k $507.9k $507.9k 0.00% New
27 Optiver Holding B.V. 0.01% of their portfolio AMSTERDAM, P7 33,71133.7k $410.6k $410.6k 0.01% Reduced -570 -570
28 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 32,16332.2k $391.7k $391.7k 0.00% Reduced -87.0k -87,030
29 ROYAL LONDON ASSET MANAGEMENT LTD 0.00% of their portfolio UNITED KINGDOM, X0 31,14431.1k $379.2k $379.2k 0.00% Reduced -6.3k -6,275
30 CW Advisors, LLC 0.01% of their portfolio BOSTON, MA 28,95529.0k $352.7k $352.7k 0.01% Reduced -14 -14
31 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 25,77725.8k $314.0k $314.0k 0.00% Unchanged
32 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 24,60824.6k $299.7k $299.7k 0.00% Added +1.9k +1,865
33 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 24,21924.2k $295.0k $295.0k 0.00% Added +7.2k +7,172
34 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 22,50322.5k $274.1k $274.1k 0.00% Reduced -85 -85
35 Banco BTG Pactual S.A. 0.10% of their portfolio RIO DE JANEIRO, D5 20,36020.4k $248.0k $248.0k 0.10% Reduced -34.6k -34,566
36 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 19,72219.7k $240.2k $240.2k 0.00% Added +2.2k +2,232
37 Laird Norton Wetherby Wealth Management, LLC 0.01% of their portfolio Seattle, WA 19,55719.6k $238.2k $238.2k 0.01% Added +4.0k +3,975
38 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 18,55218.6k $226.0k $226.0k 0.00% Reduced -1.9k -1,875
39 Boston Common Asset Management, LLC 0.01% of their portfolio BOSTON, MA 17,96618.0k $219.0k $219.0k 0.01% Unchanged
40 PATHSTONE FAMILY OFFICE, LLC 0.00% of their portfolio ENGLEWOOD, NJ 17,96618.0k $218.8k $218.8k 0.00% Unchanged
41 Portland Hill Asset Management Ltd 0.55% of their portfolio LONDON, X0 17,74217.7k $215.0k $215.0k 0.55% Reduced -1.5k -1,461
42 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 15,63615.6k $190.4k $190.4k 0.00% New
43 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 14,15014.2k $172.3k $172.3k 0.00% New
44 O'Brien Greene & Co. Inc 0.06% of their portfolio MEDIA, PA 14,00014.0k $170.5k $170.5k 0.06% Reduced -45.0k -45,000
45 Vestmark Advisory Solutions, Inc. 0.01% of their portfolio Wakefield, MA 13,75313.8k $167.5k $167.5k 0.01% Reduced -802 -802
46 NewEdge Wealth, LLC 0.01% of their portfolio STAMFORD, CT 13,75313.8k $167.5k $167.5k 0.01% Reduced -802 -802
47 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 13,68713.7k $166.7k $166.7k 0.00% New
48 Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio OAKLAND, CA 12,01312.0k $146.3k $146.3k 0.00% Reduced -15 -15
49 Sequoia Financial Advisors, LLC 0.00% of their portfolio Akron, OH 11,34511.3k $138.2k $138.2k 0.00% New
50 HBK Sorce Advisory LLC 0.01% of their portfolio ERIE, PA 10,97211.0k $133.6k $133.6k 0.01% New
51 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ST. LOUIS, MO 10,92310.9k $133.0k $133.0k 0.00% Reduced -1.2k -1,232
52 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 10,80410.8k $131.6k $131.6k 0.00% New
53 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 10,48910.5k $127.8k $127.8k 0.00% New
54 QUADRANT CAPITAL GROUP LLC 0.01% of their portfolio CINCINNATI, OH 10,45110.5k $127.3k $127.3k 0.01% Added +3.1k +3,076
55 Vident Advisory, LLC 0.00% of their portfolio Alpharetta, GA 10,13110.1k $123.4k $123.4k 0.00% First filing
56 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 5,7665.8k $70.2k $70.2k 0.00% Added +1.5k +1,539
57 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 5,3295.3k $64.9k $64.9k 0.00% Added +1.7k +1,665
58 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 5,1885.2k $63.2k $63.2k 0.00% Reduced -272 -272
59 UBS Group AG 0.00% of their portfolio ZURICH, V8 4,6094.6k $56.1k $56.1k 0.00% Added +768 +768
60 Quantbot Technologies LP 0.00% of their portfolio NEW YORK, NY 4,2294.2k $51.5k $51.5k 0.00% New
61 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 2,8672.9k $41.0k $41.0k 0.00% New
62 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 2,3772.4k $29.0k $29.0k 0.00% Added +1.3k +1,331
63 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 2,0372.0k $24.8k $24.8k 0.00% Reduced -155 -155
64 FMR LLC 0.00% of their portfolio BOSTON, MA 1,9822.0k $24.1k $24.1k 0.00% Added +19 +19
65 ATLAS CAPITAL ADVISORS INC. 0.00% of their portfolio JACKSON, WY 1,7731.8k $21.6k $21.6k 0.00% Unchanged
66 Lindbrook Capital, LLC 0.00% of their portfolio CALABASAS, CA 1,5301.5k $18.6k $18.6k 0.00% Added +340 +340
67 CWM, LLC 0.00% of their portfolio OMAHA, NE 1,4751.5k $18.0k $18.0k 0.00% Added +519 +519
68 Eagle Bay Advisors LLC 0.01% of their portfolio NEW YORK, NY 1,4001.4k $17.1k $17.1k 0.01% Unchanged
69 Park Place Capital Corp 0.00% of their portfolio Homewood, AL 698698 $8.5k $8.5k 0.00% Unchanged
70 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 540540 $6.6k $6.6k 0.00% Added +144 +144
71 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 532532 $6.5k $6.5k 0.00% Reduced -9.0k -9,028
72 Glassman Wealth Services 0.00% of their portfolio VIENNA, VA 436436 $5.3k $5.3k 0.00% New
73 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 181181 $2.2k $2.2k 0.00% Added +80 +80
74 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 165165 $2.0k $2.0k 0.00% Reduced -405 -405
75 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 134134 $1.6k $1.6k 0.00% Added +69 +69
76 MONTAG A & ASSOCIATES INC 0.00% of their portfolio ATLANTA, GA 9999 $1.2k $1.2k 0.00% Unchanged
77 First Horizon Advisors, Inc. 0.00% of their portfolio MEMPHIS, TN 8585 $1.0k $1.0k 0.00% New
78 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 5555 $625 $625 0.00% Unchanged
79 Bell Investment Advisors, Inc 0.00% of their portfolio ORINDA, CA 3939 $476 $476 0.00% New
80 UMB Bank, n.a. 0.00% of their portfolio Kansas City, MO 3232 $390 $390 0.00% Unchanged
81 JFS WEALTH ADVISORS, LLC 0.00% of their portfolio HERMITAGE, PA 3131 $378 $378 0.00% Added +12 +12
82 Abound Wealth Management 0.00% of their portfolio FRANKLIN, TN 2626 $317 $317 0.00% Unchanged
83 True Wealth Design, LLC 0.00% of their portfolio AKRON, OH 33 $37 $37 0.00% Unchanged
84 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged