SUZANO S A SUZ
SPON ADS · ADR · CUSIP 86959K105
Brazilian paper and pulp producer
- SectorMaterials
- IndustryPaper Mills
- HeadquartersSalvador, Brazil
- Founded1924
- Websitesuzano.com.br
- FilingsSEC EDGAR
* 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 ($143.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $9.38. Options: 6 managers hold calls ($6.1m notional), 7 hold puts ($9.4m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 95 |
| Q4 2022 | 103 |
| Q1 2023 | 97 |
| Q2 2023 | 106 |
| Q3 2023 | 108 |
| Q4 2023 | 121 |
| Q1 2024 | 128 |
| Q2 2024 | 127 |
| Q3 2024 | 126 |
| Q4 2024 | 123 |
| Q1 2025 | 138 |
| Q2 2025 | 133 |
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 | 53 | 45 |
| Q4 2023 | 61 | 37 |
| Q1 2024 | 61 | 54 |
| Q2 2024 | 57 | 72 |
| Q3 2024 | 61 | 60 |
| Q4 2024 | 66 | 45 |
| Q1 2025 | 73 | 49 |
| Q2 2025 | 70 | 60 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $548.0k | $503.0k | 0.92 |
| Q4 2024 | $245.7k | $350.6k | 1.43 |
| Q1 2025 | $358.6k | $4.0m | 11.26 |
| Q2 2025 | $6.1m | $9.4m | 1.54 |
Biggest buyers
| GOLDMAN SACHS GROUP INC | Added | +3.0m |
| UBS Group AG | Added | +2.3m |
| ROYAL BANK OF CANADA | Added | +1.2m |
| JANUS HENDERSON GROUP PLC | New | +848.9k |
| AMERICAN CENTURY COMPANIES INC | Added | +422.9k |
| MILLENNIUM MANAGEMENT LLC | Added | +292.8k |
| Kapitalo Investimentos Ltda | Added | +255.3k |
| Optiver Holding B.V. | Added | +203.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | New | +142.3k |
| Trexquant Investment LP | New | +138.9k |
Biggest sellers
| Cubist Systematic Strategies, LLC | Sold out | -1.4m |
| MARSHALL WACE, LLP | Reduced | -1.1m |
| BANK OF AMERICA CORP /DE/ | Reduced | -823.1k |
| Mirae Asset Global Investments Co., Ltd. | Reduced | -658.9k |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | -389.7k |
| Point72 Asset Management, L.P. | Sold out | -229.4k |
| Pictet Asset Management Holding SA | Reduced | -204.6k |
| BTG Pactual Asset Management US LLC | Sold out | -182.1k |
| ANTIPODES PARTNERS Ltd | Reduced | -170.1k |
| Qube Research & Technologies Ltd | Reduced | -153.2k |
Biggest calls
| UBS Group AG | New | $4.8m514.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $966.4k102.7k shares |
| JANE STREET GROUP, LLC | New | $177.8k18.9k shares |
| SIMPLEX TRADING, LLC | New | $58.0k6.2k shares |
| GROUP ONE TRADING LLC | New | $32.9k3.5k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| UBS Group AG | Added | $8.4m892.0k shares |
| SIMPLEX TRADING, LLC | Added | $347.0k36.9k shares |
| JANE STREET GROUP, LLC | New | $296.4k31.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $186.3k19.8k shares |
| CITADEL ADVISORS LLC | Reduced | $141.2k15.0k shares |
| GROUP ONE TRADING LLC | New | $23.5k2.5k 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.
| Holder | Stake |
|---|---|
Suzano Holding S.A.
13D · may seek influence
new · filed 2026-08-24
Stated purposeItem 6 of this Schedule 13D is hereby incorporated herein by reference. The Fanny Parties and SH entered into a shareholders' agreement, effective as of August 20, 2026 (the "Fanny Parties Shareholders' Agreement") regulating, among other provisions, the gradual replacement of shares held by the Fanny Parties in the share capital of SH with Shares issued by the Issuer held by SH, proportionately to the Fanny Parties' shareholding in SH, resulting in the exit of the Fanny Parties from the share capital of SH. Such replacement is to be carried out over a period of 20 years through reductions in SH's capital with the cancellation of SH-issued shares held by the Fanny Parties, and delivery by SH to the Fanny Parties, at book value, of Shares issued by the Issuer held by SH (the "SH Corporate… Full filing |
45.7% |
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 |
|---|---|---|
| Atlas FRM LLC 18.98% of their portfolio | 17.3m $163.0m | Unchanged |
| UBS Group AG 0.01% of their portfolio | 5.0m $46.7m | Added +2.3m |
| STATE STREET CORP 0.00% of their portfolio | 4.3m $40.1m | Reduced -35.0k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.04% of their portfolio | 3.6m $34.3m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 3.6m $33.7m | Added +3.0m |
| MORGAN STANLEY 0.00% of their portfolio | 2.4m $22.2m | Added +105.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 2.3m $21.3m | Reduced -823.1k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 1.8m $17.4m | Added +292.8k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 1.6m $15.0m | Added +422.9k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 1.3m $11.8m | Added +1.2m |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 1.2m $11.6m | Added +44.2k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 1.2m $11.2m | Added +41.0k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 921.3k $8.7m | Reduced -1.1m |
| NORTHERN TRUST CORP 0.00% of their portfolio | 895.2k $8.4m | Reduced -45.6k |
| Itau Unibanco Holding S.A. 0.24% of their portfolio | 870.0k $6.4m | Unchanged |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 848.9k $8.0m | New |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 778.9k $7.2m | Reduced -526 |
| Kapitalo Investimentos Ltda 1.43% of their portfolio | 695.9k $6.5m | Added +255.3k |
| BlackRock, Inc. 0.00% of their portfolio | 678.8k $6.4m | Added +56.9k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 466.0k $4.4m | Added +21.8k |
| DYNAMO INTERNACIONAL GESTAO DE RECURSOS LTDA. 1.39% of their portfolio | 389.2k $3.7m | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 383.4k $3.6m | Reduced -389.7k |
| Naman Capital Ltda 1.05% of their portfolio | 344.5k $3.2m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 317.7k $3.0m | Added +17.4k |
| Waterfront Wealth Inc. 0.67% of their portfolio | 317.6k $3.0m | Added +6.8k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 314.1k $3.0m | Reduced -153.2k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 313.0k $2.9m | Added +37.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 245.7k $2.3m | Added +128.5k |
| VANGUARD GROUP INC 0.00% of their portfolio | 241.2k $2.3m | Added +113.7k |
| Metis Global Partners, LLC 0.06% of their portfolio | 232.2k $2.2m | Added +46.2k |
| Optiver Holding B.V. 0.06% of their portfolio | 222.6k $2.1m | Added +203.4k |
| ANTIPODES PARTNERS Ltd 0.06% of their portfolio | 205.2k $1.9m | Reduced -170.1k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 205.0k $1.9m | Reduced -5.8k |
| SPX Gestao de Recursos Ltda 0.15% of their portfolio | 172.5k $1.6m | Reduced -8.3k |
| BRANDES INVESTMENT PARTNERS, LP 0.01% of their portfolio | 170.5k $1.6m | Added +32.9k |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 156.5k $1.5m | Reduced -204.6k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 144.9k $1.4m | Added +40.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio | 142.3k $1.3m | New |
| Fisher Asset Management, LLC 0.00% of their portfolio | 140.2k $1.3m | Reduced -27.3k |
| Trexquant Investment LP 0.01% of their portfolio | 138.9k $1.3m | New |
| Sanctuary Advisors, LLC 0.01% of their portfolio | 131.4k $1.2m | New |
| PINEBRIDGE INVESTMENTS, L.P. 0.01% of their portfolio | 121.0k $1.1m | Unchanged |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 99.3k $934.4k | Reduced -81.9k |
| Quantbot Technologies LP 0.02% of their portfolio | 93.2k $877.1k | Added +23.3k |
| CITIGROUP INC 0.00% of their portfolio | 90.1k $847.9k | Added +1.1k |
| GRACE & WHITE INC /NY 0.14% of their portfolio | 82.0k $771.4k | Unchanged |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 77.5k $729.0k | Reduced -5.3k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 76.1k $716.0k | Reduced -148.0k |
| Graham Capital Management, L.P. 0.02% of their portfolio | 66.8k $628.7k | Added +22.8k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 63.7k $599.0k | Added +684 |
| Erste Asset Management GmbH 0.00% of their portfolio | 60.5k $562.2k | Added +60.5k |
| VPR Management LLC 0.26% of their portfolio | 58.8k $553.6k | Unchanged |
| Quantinno Capital Management LP 0.00% of their portfolio | 57.3k $539.4k | Added +20.2k |
| GUGGENHEIM CAPITAL LLC 0.00% of their portfolio | 57.1k $537.2k | Reduced -9.2k |
| Campbell & CO Investment Adviser LLC 0.03% of their portfolio | 56.6k $532.8k | Reduced -123.4k |
| Legal & General Group Plc 0.00% of their portfolio | 55.1k $519.0k | Unchanged |
| Arkfeld Wealth Strategies, L.L.C. 0.17% of their portfolio | 45.5k $423.9k | Reduced -44.7k |
| Verition Fund Management LLC 0.00% of their portfolio | 44.1k $414.5k | Reduced -8.7k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio | 42.9k $403.6k | Reduced -14.2k |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 40.6k $382.4k | Reduced -101.7k |
| Robeco Institutional Asset Management B.V. 0.00% of their portfolio | 40.5k $381.0k | Reduced -15.2k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 38.0k $358.1k | Added +5.6k |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 37.9k $356.5k | Reduced -658.9k |
| QUADRANT CAPITAL GROUP LLC 0.01% of their portfolio | 36.7k $345.5k | Added +27.1k |
| Crossmark Global Holdings, Inc. 0.01% of their portfolio | 34.9k $328.4k | Reduced -39 |
| MML INVESTORS SERVICES, LLC 0.00% of their portfolio | 34.5k $325.0k | New |
| Laird Norton Wetherby Wealth Management, LLC 0.01% of their portfolio | 31.4k $295.4k | First filing |
| Creative Planning 0.00% of their portfolio | 31.3k $294.5k | Reduced -14.6k |
| PROFUND ADVISORS LLC 0.01% of their portfolio | 31.0k $291.4k | Added +297 |
| GROUPAMA ASSET MANAGMENT 0.00% of their portfolio | 30.2k $281.0k | Added +525 |
| HRT FINANCIAL LP 0.00% of their portfolio | 29.3k $276.0k | Added +19.0k |
| MOODY NATIONAL BANK TRUST DIVISION 0.02% of their portfolio | 27.9k $262.3k | Unchanged |
| Mariner, LLC 0.00% of their portfolio | 26.2k $246.7k | Added +14.3k |
| Engineers Gate Manager LP 0.00% of their portfolio | 25.2k $236.8k | Reduced -57.1k |
| Banco BTG Pactual S.A. 0.05% of their portfolio | 23.7k $223.1k | Added +7.5k |
| Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio | 22.5k $211.8k | Added +3.0k |
| Brooklyn Investment Group 0.03% of their portfolio | 22.0k $206.9k | Added +20.0k |
| Lester Murray Antman dba SimplyRich 0.06% of their portfolio | 21.8k $204.0k | Reduced -13.2k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 20.5k $192.5k | Unchanged |
| Cullen Capital Management, LLC 0.00% of their portfolio | 19.6k $184.4k | Unchanged |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 19.1k $180.0k | Added +16.1k |
| EntryPoint Capital, LLC 0.09% of their portfolio | 19.1k $180.0k | Reduced -10.7k |
| Headlands Technologies LLC 0.02% of their portfolio | 17.6k $165.3k | Added +14.5k |
| SG Americas Securities, LLC 0.00% of their portfolio | 17.1k $161.0k | New |
| Compound Planning, Inc. 0.01% of their portfolio | 16.7k $157.0k | Added +4.9k |
| HANTZ FINANCIAL SERVICES, INC. 0.00% of their portfolio | 16.2k $152.0k | Added +15.4k |
| RITHOLTZ WEALTH MANAGEMENT 0.00% of their portfolio | 15.8k $148.3k | Reduced -5.9k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 14.3k $134.5k | Added +4.3k |
| Bridgefront Capital, LLC 0.03% of their portfolio | 13.4k $126.5k | Reduced -8.4k |
| Compagnie Lombard Odier SCmA 0.00% of their portfolio | 12.5k $117.8k | Unchanged |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 12.2k $114.4k | Added +1.4k |
| FLOW TRADERS U.S. LLC 0.00% of their portfolio | 12.0k $113.0k | New |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 12.0k $112.5k | Added +1.1k |
| CHOREO, LLC 0.00% of their portfolio | 11.7k $110.4k | Reduced -720 |
| Pathstone Holdings, LLC 0.00% of their portfolio | 11.2k $105.1k | Reduced -1.6k |
| TD Waterhouse Canada Inc. 0.00% of their portfolio | 10.8k $100.4k | New |
| BARCLAYS PLC 0.00% of their portfolio | 10.7k $100.2k | Unchanged |
| Vident Advisory, LLC 0.00% of their portfolio | 10.4k $97.5k | New |
| US BANCORP \DE\ 0.00% of their portfolio | 7.0k $65.8k | Reduced -1.6k |
| GROUP ONE TRADING LLC 0.00% of their portfolio | 6.3k $59.3k | New |