Vault-13

SUZANO S A SUZ

SPON ADS · ADR · CUSIP 86959K105

Brazilian paper and pulp producer

133 institutional holders -5 vs Q1 2025
58,741,70158.7m shares reported held*
$550.9mreported value*
16 new 54 added 39 reduced 21 sold out net bought ≈ $33.5m (+3.6m 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 ($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

050100150Q3 22: 95Q4 22: 103Q1 23: 97Q2 23: 106Q3 23: 108Q4 23: 121Q1 24: 128Q2 24: 127Q3 24: 126Q4 24: 123Q1 25: 138Q2 25: 133133Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202295
Q4 2022103
Q1 202397
Q2 2023106
Q3 2023108
Q4 2023121
Q1 2024128
Q2 2024127
Q3 2024126
Q4 2024123
Q1 2025138
Q2 2025133

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 53 bought or addedQ3 23: 45 cut or sold outQ4 23: 61 bought or addedQ4 23: 37 cut or sold outQ4 23Q1 24: 61 bought or addedQ1 24: 54 cut or sold outQ2 24: 57 bought or addedQ2 24: 72 cut or sold outQ2 24Q3 24: 61 bought or addedQ3 24: 60 cut or sold outQ4 24: 66 bought or addedQ4 24: 45 cut or sold outQ4 24Q1 25: 73 bought or addedQ1 25: 49 cut or sold outQ2 25: 70 bought or addedQ2 25: 60 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20235345
Q4 20236137
Q1 20246154
Q2 20245772
Q3 20246160
Q4 20246645
Q1 20257349
Q2 20257060

Calls vs puts

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

CallsPuts
$0$2.5m$5m$7.5m$10mQ3 24 calls: $548.0kQ3 24 puts: $503.0kQ3 24P/C 0.92Q4 24 calls: $245.7kQ4 24 puts: $350.6kQ4 24P/C 1.43Q1 25 calls: $358.6kQ1 25 puts: $4.0mQ1 25P/C 11.26Q2 25 calls: $6.1mQ2 25 puts: $9.4mQ2 25P/C 1.54
Numbers
QuarterCallsPutsP/C
Q3 2024$548.0k$503.0k0.92
Q4 2024$245.7k$350.6k1.43
Q1 2025$358.6k$4.0m11.26
Q2 2025$6.1m$9.4m1.54

Biggest buyers

GOLDMAN SACHS GROUP INC Added +3,019,652+3.0m
UBS Group AG Added +2,338,134+2.3m
ROYAL BANK OF CANADA Added +1,195,021+1.2m
JANUS HENDERSON GROUP PLC New +848,857+848.9k
AMERICAN CENTURY COMPANIES INC Added +422,897+422.9k
MILLENNIUM MANAGEMENT LLC Added +292,779+292.8k
Kapitalo Investimentos Ltda Added +255,319+255.3k
Optiver Holding B.V. Added +203,429+203.4k
VOLORIDGE INVESTMENT MANAGEMENT, LLC New +142,296+142.3k
Trexquant Investment LP New +138,896+138.9k

Biggest sellers

Cubist Systematic Strategies, LLC Sold out -1,379,355-1.4m
MARSHALL WACE, LLP Reduced -1,102,863-1.1m
BANK OF AMERICA CORP /DE/ Reduced -823,117-823.1k
Mirae Asset Global Investments Co., Ltd. Reduced -658,886-658.9k
BNP PARIBAS FINANCIAL MARKETS Reduced -389,726-389.7k
Point72 Asset Management, L.P. Sold out -229,400-229.4k
Pictet Asset Management Holding SA Reduced -204,560-204.6k
BTG Pactual Asset Management US LLC Sold out -182,120-182.1k
ANTIPODES PARTNERS Ltd Reduced -170,098-170.1k
Qube Research & Technologies Ltd Reduced -153,239-153.2k

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.

HolderStakeChangeShares Last filed
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% new 578.2m 2026-08-24

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 Atlas FRM LLC 18.98% of their portfolio GREENWICH, CT 17,320,00017.3m $163.0m $163.0m 18.98% Unchanged
2 UBS Group AG 0.01% of their portfolio ZURICH, V8 4,957,7315.0m $46.7m $46.7m 0.01% Added +2.3m +2,338,134
3 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 4,257,4454.3m $40.1m $40.1m 0.00% Reduced -35.0k -35,007
4 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.04% of their portfolio FRANKFURT AM MAIN, 2M 3,640,2833.6m $34.3m $34.3m 0.04% Unchanged
5 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 3,577,0183.6m $33.7m $33.7m 0.01% Added +3.0m +3,019,652
6 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,359,4012.4m $22.2m $22.2m 0.00% Added +105.6k +105,607
7 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,267,3952.3m $21.3m $21.3m 0.00% Reduced -823.1k -823,117
8 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 1,844,8941.8m $17.4m $17.4m 0.02% Added +292.8k +292,779
9 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 1,591,3331.6m $15.0m $15.0m 0.01% Added +422.9k +422,897
10 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,257,2161.3m $11.8m $11.8m 0.00% Added +1.2m +1,195,021
11 TWO SIGMA ADVISERS, LP 0.02% of their portfolio NEW YORK, NY 1,232,1001.2m $11.6m $11.6m 0.02% Added +44.2k +44,200
12 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 1,193,8551.2m $11.2m $11.2m 0.02% Added +41.0k +41,030
13 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 921,337921.3k $8.7m $8.7m 0.01% Reduced -1.1m -1,102,863
14 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 895,153895.2k $8.4m $8.4m 0.00% Reduced -45.6k -45,571
15 Itau Unibanco Holding S.A. 0.24% of their portfolio SAO PAULO, D5 870,012870.0k $6.4m $6.4m 0.24% Unchanged
16 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 848,857848.9k $8.0m $8.0m 0.00% New
17 DekaBank Deutsche Girozentrale 0.01% of their portfolio FRANKFURT, 2M 778,866778.9k $7.2m $7.2m 0.01% Reduced -526 -526
18 Kapitalo Investimentos Ltda 1.43% of their portfolio SAO PAULO, D5 695,916695.9k $6.5m $6.5m 1.43% Added +255.3k +255,319
19 BlackRock, Inc. 0.00% of their portfolio New York, NY 678,806678.8k $6.4m $6.4m 0.00% Added +56.9k +56,896
20 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 465,964466.0k $4.4m $4.4m 0.01% Added +21.8k +21,848
21 DYNAMO INTERNACIONAL GESTAO DE RECURSOS LTDA. 1.39% of their portfolio RIO DE JANEIRO, D5 389,234389.2k $3.7m $3.7m 1.39% Unchanged
22 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 383,436383.4k $3.6m $3.6m 0.00% Reduced -389.7k -389,726
23 Naman Capital Ltda 1.05% of their portfolio Sao Paulo, D5 344,547344.5k $3.2m $3.2m 1.05% Unchanged
24 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 317,700317.7k $3.0m $3.0m 0.00% Added +17.4k +17,414
25 Waterfront Wealth Inc. 0.67% of their portfolio OVERLAND PARK, KS 317,605317.6k $3.0m $3.0m 0.67% Added +6.8k +6,822
26 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 314,124314.1k $3.0m $3.0m 0.00% Reduced -153.2k -153,239
27 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 313,027313.0k $2.9m $2.9m 0.00% Added +37.6k +37,627
28 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 245,695245.7k $2.3m $2.3m 0.00% Added +128.5k +128,455
29 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 241,245241.2k $2.3m $2.3m 0.00% Added +113.7k +113,672
30 Metis Global Partners, LLC 0.06% of their portfolio San Diego, CA 232,174232.2k $2.2m $2.2m 0.06% Added +46.2k +46,177
31 Optiver Holding B.V. 0.06% of their portfolio AMSTERDAM, P7 222,635222.6k $2.1m $2.1m 0.06% Added +203.4k +203,429
32 ANTIPODES PARTNERS Ltd 0.06% of their portfolio ROYAL EXCHANGE, C3 205,166205.2k $1.9m $1.9m 0.06% Reduced -170.1k -170,098
33 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 205,049205.0k $1.9m $1.9m 0.00% Reduced -5.8k -5,824
34 SPX Gestao de Recursos Ltda 0.15% of their portfolio RIO DE JANEIRO, D5 172,511172.5k $1.6m $1.6m 0.15% Reduced -8.3k -8,335
35 BRANDES INVESTMENT PARTNERS, LP 0.01% of their portfolio LA JOLLA, CA 170,535170.5k $1.6m $1.6m 0.01% Added +32.9k +32,889
36 Pictet Asset Management Holding SA 0.00% of their portfolio CAROUGE, V8 156,532156.5k $1.5m $1.5m 0.00% Reduced -204.6k -204,560
37 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 144,902144.9k $1.4m $1.4m 0.00% Added +40.4k +40,417
38 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio JUPITER, FL 142,296142.3k $1.3m $1.3m 0.00% New
39 Fisher Asset Management, LLC 0.00% of their portfolio PLANO, TX 140,222140.2k $1.3m $1.3m 0.00% Reduced -27.3k -27,273
40 Trexquant Investment LP 0.01% of their portfolio STAMFORD, CT 138,896138.9k $1.3m $1.3m 0.01% New
41 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 131,405131.4k $1.2m $1.2m 0.01% New
42 PINEBRIDGE INVESTMENTS, L.P. 0.01% of their portfolio NEW YORK, NY 121,030121.0k $1.1m $1.1m 0.01% Unchanged
43 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 99,30099.3k $934.4k $934.4k 0.00% Reduced -81.9k -81,867
44 Quantbot Technologies LP 0.02% of their portfolio NEW YORK, NY 93,20593.2k $877.1k $877.1k 0.02% Added +23.3k +23,274
45 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 90,10290.1k $847.9k $847.9k 0.00% Added +1.1k +1,095
46 GRACE & WHITE INC /NY 0.14% of their portfolio NY, NY 81,97482.0k $771.4k $771.4k 0.14% Unchanged
47 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 77,46877.5k $729.0k $729.0k 0.00% Reduced -5.3k -5,292
48 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 76,08676.1k $716.0k $716.0k 0.00% Reduced -148.0k -148,030
49 Graham Capital Management, L.P. 0.02% of their portfolio ROWAYTON, CT 66,81166.8k $628.7k $628.7k 0.02% Added +22.8k +22,818
50 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 63,65663.7k $599.0k $599.0k 0.00% Added +684 +684
51 Erste Asset Management GmbH 0.00% of their portfolio VIENNA, C4 60,45460.5k $562.2k $562.2k 0.00% Added +60.5k +60,454
52 VPR Management LLC 0.26% of their portfolio HOUSTON, TX 58,83558.8k $553.6k $553.6k 0.26% Unchanged
53 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 57,32057.3k $539.4k $539.4k 0.00% Added +20.2k +20,236
54 GUGGENHEIM CAPITAL LLC 0.00% of their portfolio CHICAGO, IL 57,09157.1k $537.2k $537.2k 0.00% Reduced -9.2k -9,221
55 Campbell & CO Investment Adviser LLC 0.03% of their portfolio BALTIMORE, MD 56,62056.6k $532.8k $532.8k 0.03% Reduced -123.4k -123,424
56 Legal & General Group Plc 0.00% of their portfolio London, X0 55,12155.1k $519.0k $519.0k 0.00% Unchanged
57 Arkfeld Wealth Strategies, L.L.C. 0.17% of their portfolio OMAHA, NE 45,53545.5k $423.9k $423.9k 0.17% Reduced -44.7k -44,748
58 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 44,05144.1k $414.5k $414.5k 0.00% Reduced -8.7k -8,685
59 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 42,88942.9k $403.6k $403.6k 0.00% Reduced -14.2k -14,189
60 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 40,64040.6k $382.4k $382.4k 0.00% Reduced -101.7k -101,695
61 Robeco Institutional Asset Management B.V. 0.00% of their portfolio ROTTERDAM, P7 40,48640.5k $381.0k $381.0k 0.00% Reduced -15.2k -15,150
62 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 38,05038.0k $358.1k $358.1k 0.00% Added +5.6k +5,611
63 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 37,88737.9k $356.5k $356.5k 0.00% Reduced -658.9k -658,886
64 QUADRANT CAPITAL GROUP LLC 0.01% of their portfolio CINCINNATI, OH 36,71436.7k $345.5k $345.5k 0.01% Added +27.1k +27,069
65 Crossmark Global Holdings, Inc. 0.01% of their portfolio HOUSTON, TX 34,89734.9k $328.4k $328.4k 0.01% Reduced -39 -39
66 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 34,50034.5k $325.0k $325.0k 0.00% New
67 Laird Norton Wetherby Wealth Management, LLC 0.01% of their portfolio Seattle, WA 31,38731.4k $295.4k $295.4k 0.01% First filing
68 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 31,29931.3k $294.5k $294.5k 0.00% Reduced -14.6k -14,557
69 PROFUND ADVISORS LLC 0.01% of their portfolio BETHESDA, MD 30,97031.0k $291.4k $291.4k 0.01% Added +297 +297
70 GROUPAMA ASSET MANAGMENT 0.00% of their portfolio PARIS, I0 30,21030.2k $281.0k $281.0k 0.00% Added +525 +525
71 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 29,33229.3k $276.0k $276.0k 0.00% Added +19.0k +18,996
72 MOODY NATIONAL BANK TRUST DIVISION 0.02% of their portfolio GALVESTON, TX 27,87327.9k $262.3k $262.3k 0.02% Unchanged
73 Mariner, LLC 0.00% of their portfolio Overland Park, KS 26,21726.2k $246.7k $246.7k 0.00% Added +14.3k +14,265
74 Engineers Gate Manager LP 0.00% of their portfolio NEW YORK, NY 25,16225.2k $236.8k $236.8k 0.00% Reduced -57.1k -57,099
75 Banco BTG Pactual S.A. 0.05% of their portfolio RIO DE JANEIRO, D5 23,70623.7k $223.1k $223.1k 0.05% Added +7.5k +7,506
76 Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio OAKLAND, CA 22,50322.5k $211.8k $211.8k 0.00% Added +3.0k +2,980
77 Brooklyn Investment Group 0.03% of their portfolio NEW YORK, NY 21,98622.0k $206.9k $206.9k 0.03% Added +20.0k +20,035
78 Lester Murray Antman dba SimplyRich 0.06% of their portfolio CARLSBAD, CA 21,75521.8k $204.0k $204.0k 0.06% Reduced -13.2k -13,189
79 YOUSIF CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BLOOMFIELD HILLS, MI 20,45720.5k $192.5k $192.5k 0.00% Unchanged
80 Cullen Capital Management, LLC 0.00% of their portfolio New York, NY 19,59519.6k $184.4k $184.4k 0.00% Unchanged
81 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 19,13519.1k $180.0k $180.0k 0.00% Added +16.1k +16,120
82 EntryPoint Capital, LLC 0.09% of their portfolio NEW YORK, NY 19,13219.1k $180.0k $180.0k 0.09% Reduced -10.7k -10,652
83 Headlands Technologies LLC 0.02% of their portfolio CHICAGO, IL 17,56717.6k $165.3k $165.3k 0.02% Added +14.5k +14,538
84 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 17,12317.1k $161.0k $161.0k 0.00% New
85 Compound Planning, Inc. 0.01% of their portfolio NEW YORK, NY 16,68416.7k $157.0k $157.0k 0.01% Added +4.9k +4,895
86 HANTZ FINANCIAL SERVICES, INC. 0.00% of their portfolio SOUTHFIELD, MI 16,16116.2k $152.0k $152.0k 0.00% Added +15.4k +15,404
87 RITHOLTZ WEALTH MANAGEMENT 0.00% of their portfolio NEW YORK, NY 15,75915.8k $148.3k $148.3k 0.00% Reduced -5.9k -5,903
88 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 14,28914.3k $134.5k $134.5k 0.00% Added +4.3k +4,272
89 Bridgefront Capital, LLC 0.03% of their portfolio AUSTIN, TX 13,43913.4k $126.5k $126.5k 0.03% Reduced -8.4k -8,355
90 Compagnie Lombard Odier SCmA 0.00% of their portfolio 1204 GENEVA, V8 12,51512.5k $117.8k $117.8k 0.00% Unchanged
91 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 12,16312.2k $114.4k $114.4k 0.00% Added +1.4k +1,387
92 FLOW TRADERS U.S. LLC 0.00% of their portfolio NEW YORK, NY 12,03412.0k $113.0k $113.0k 0.00% New
93 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 11,95812.0k $112.5k $112.5k 0.00% Added +1.1k +1,141
94 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 11,73511.7k $110.4k $110.4k 0.00% Reduced -720 -720
95 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 11,16511.2k $105.1k $105.1k 0.00% Reduced -1.6k -1,558
96 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 10,80010.8k $100.4k $100.4k 0.00% New
97 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 10,65010.7k $100.2k $100.2k 0.00% Unchanged
98 Vident Advisory, LLC 0.00% of their portfolio Alpharetta, GA 10,35910.4k $97.5k $97.5k 0.00% New
99 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 6,9937.0k $65.8k $65.8k 0.00% Reduced -1.6k -1,574
100 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 6,3006.3k $59.3k $59.3k 0.00% New