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 ($462.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.00. Options: 2 managers hold calls ($15.4m notional), 4 hold puts ($5.4m).
Trends to Q1 2026
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 |
| Q3 2025 | 129 |
| Q4 2025 | 131 |
| Q1 2026 | 144 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 57 | 72 |
| Q3 2024 | 61 | 60 |
| Q4 2024 | 66 | 45 |
| Q1 2025 | 73 | 49 |
| Q2 2025 | 70 | 60 |
| Q3 2025 | 60 | 72 |
| Q4 2025 | 68 | 57 |
| Q1 2026 | 101 | 44 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $6.1m | $9.4m | 1.54 |
| Q3 2025 | $4.7m | $5.0m | 1.06 |
| Q4 2025 | $4.7m | $4.6m | 0.99 |
| Q1 2026 | $15.4m | $5.4m | 0.35 |
Biggest buyers
| DEUTSCHE BANK AG\ | Added | +5.3m |
| DYNAMO INTERNACIONAL GESTAO DE RECURSOS LTDA. | Added | +2.2m |
| CITADEL ADVISORS LLC | Added | +1.8m |
| Atlas FRM LLC | Added | +1.8m |
| MORGAN STANLEY | Added | +753.8k |
| STATE STREET CORP | Added | +646.5k |
| Jain Global LLC | New | +504.2k |
| AMERICAN CENTURY COMPANIES INC | Added | +444.3k |
| Point72 Asset Management, L.P. | New | +409.9k |
| NS Partners Ltd | New | +390.9k |
Biggest sellers
| GOLDMAN SACHS GROUP INC | Reduced | -2.2m |
| JPMORGAN CHASE & CO | Reduced | -1.2m |
| BANK OF AMERICA CORP /DE/ | Reduced | -1.1m |
| DekaBank Deutsche Girozentrale | Sold out | -778.9k |
| COMPASS ROSE ASSET MANAGEMENT, LP | Reduced | -750.0k |
| Balyasny Asset Management L.P. | Sold out | -730.0k |
| SG Americas Securities, LLC | Sold out | -529.3k |
| EFG International AG | Sold out | -250.0k |
| TD Waterhouse Canada Inc. | Reduced | -202.3k |
| Optiver Holding B.V. | Reduced | -128.9k |
Biggest calls
| UBS Group AG | Added | $15.2m1.5m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $246.2k24.6k shares |
Biggest puts
| UBS Group AG | Unchanged | $4.9m492.0k shares |
| CITADEL ADVISORS LLC | New | $249.2k24.9k shares |
| JANE STREET GROUP, LLC | New | $165.2k16.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $101.1k10.1k 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 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
| Manager | Shares | Change |
|---|---|---|
| Atlas FRM LLC 12.53% of their portfolio | 19.1m $191.4m | Added +1.8m |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 12.6m $126.5m | Added +5.3m |
| STATE STREET CORP 0.00% of their portfolio | 6.3m $63.2m | Added +646.5k |
| UBS Group AG 0.01% of their portfolio | 4.9m $48.6m | Added +202.7k |
| MORGAN STANLEY 0.00% of their portfolio | 2.7m $27.1m | Added +753.8k |
| DYNAMO INTERNACIONAL GESTAO DE RECURSOS LTDA. 9.73% of their portfolio | 2.6m $25.9m | Added +2.2m |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 2.3m $23.2m | Added +444.3k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 2.2m $22.5m | Reduced -2.2m |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 1.8m $18.5m | Added +1.8m |
| Kapitalo Investimentos Ltda 2.06% of their portfolio | 1.1m $11.0m | Added +310.3k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 953.6k $9.5m | Added +177.4k |
| Ramirez Asset Management, Inc. 1.08% of their portfolio | 924.3k $9.0m | Added +74.1k |
| COMPASS ROSE ASSET MANAGEMENT, LP 2.77% of their portfolio | 850.0k $8.5m | Reduced -750.0k |
| Itau Unibanco Holding S.A. 0.20% of their portfolio | 828.4k $8.3m | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 816.8k $8.2m | Reduced -113.7k |
| BlackRock, Inc. 0.00% of their portfolio | 725.4k $7.3m | Added +42.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 714.3k $7.2m | Added +210.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 683.2k $6.6m | Reduced -1.2m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 646.1k $6.5m | Added +277.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 603.6k $6.0m | Added +113.1k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 529.8k $5.3m | Added +172.3k |
| Jain Global LLC 0.06% of their portfolio | 504.2k $5.0m | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 426.7k $4.3m | Added +195.2k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 409.9k $4.1m | New |
| Waterfront Wealth Inc. 0.75% of their portfolio | 405.4k $4.1m | Added +8.9k |
| NS Partners Ltd 0.18% of their portfolio | 390.9k $3.9m | New |
| Seafarer Capital Partners, LLC 0.84% of their portfolio | 365.0k $3.7m | Added +100.0k |
| Metis Global Partners, LLC 0.09% of their portfolio | 364.0k $3.6m | Added +9.2k |
| Navi International - Administradora e Gestora de Recursos Financeiros Ltda. 1.60% of their portfolio | 356.2k $3.6m | Unchanged |
| Naman Capital Ltda 0.96% of their portfolio | 344.5k $3.4m | Unchanged |
| Boston Partners 0.00% of their portfolio | 303.3k $3.0m | New |
| BRANDES INVESTMENT PARTNERS, LP 0.02% of their portfolio | 269.4k $2.7m | Added +29.5k |
| ANTIPODES PARTNERS Ltd 0.05% of their portfolio | 257.1k $2.6m | Added +61.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 245.2k $2.5m | Reduced -1.1m |
| Handelsbanken Fonder AB 0.01% of their portfolio | 240.0k $2.4m | New |
| Optiver Holding B.V. 0.09% of their portfolio | 233.0k $2.3m | Reduced -128.9k |
| BTG Pactual Asset Management US LLC 0.18% of their portfolio | 182.1k $1.8m | New |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.00% of their portfolio | 178.5k $1.8m | Added +13.1k |
| Aberdeen Group plc 0.00% of their portfolio | 158.0k $1.6m | Added +44.9k |
| Quantinno Capital Management LP 0.00% of their portfolio | 155.6k $1.6m | Added +56.2k |
| Fisher Asset Management, LLC 0.00% of their portfolio | 150.7k $1.5m | Added +19.0k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 144.9k $1.5m | Unchanged |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio | 105.4k $1.1m | Added +21.2k |
| Creative Planning 0.00% of their portfolio | 93.0k $931.2k | Added +8.3k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 88.4k $885.0k | Added +23.2k |
| CITIGROUP INC 0.00% of their portfolio | 88.0k $880.9k | Added +104 |
| GRACE & WHITE INC /NY 0.14% of their portfolio | 79.8k $798.5k | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 76.2k $763.0k | Reduced -23.3k |
| ION Fund Management Ltd 0.11% of their portfolio | 75.0k $750.8k | New |
| Tidal Investments LLC 0.00% of their portfolio | 73.1k $731.7k | Added +9.7k |
| Lighthouse Investment Partners, LLC 0.03% of their portfolio | 69.6k $696.9k | New |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 66.0k $660.7k | Reduced -17.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 64.9k $649.3k | Added +5.0k |
| Centiva Capital, LP 0.03% of their portfolio | 63.3k $633.6k | Added +48.0k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 62.5k $625.6k | Reduced -125.1k |
| Quantbot Technologies LP 0.03% of their portfolio | 61.3k $613.8k | New |
| QUADRANT CAPITAL GROUP LLC 0.02% of their portfolio | 60.9k $609.7k | Added +170 |
| BARCLAYS PLC 0.00% of their portfolio | 60.1k $602.1k | Added +49.5k |
| Advisors Preferred, LLC 0.09% of their portfolio | 58.7k $587.9k | New |
| XTX Topco Ltd 0.01% of their portfolio | 58.3k $583.5k | Reduced -29.6k |
| Aquatic Capital Management LLC 0.02% of their portfolio | 56.2k $562.2k | New |
| Brooklyn Investment Group 0.02% of their portfolio | 55.8k $558.8k | Added +1.1k |
| Legal & General Group Plc 0.00% of their portfolio | 55.1k $551.5k | Unchanged |
| SPX Gestao de Recursos Ltda 0.04% of their portfolio | 49.9k $499.7k | Reduced -66.0k |
| EntryPoint Capital, LLC 0.15% of their portfolio | 49.4k $494.8k | New |
| Engineers Gate Manager LP 0.01% of their portfolio | 48.3k $483.8k | Reduced -17.2k |
| Mariner, LLC 0.00% of their portfolio | 42.3k $423.4k | Added +5.2k |
| Savant Capital, LLC 0.00% of their portfolio | 41.6k $416.9k | Added +8.5k |
| Empowered Funds, LLC 0.00% of their portfolio | 38.5k $385.0k | Added +8.0k |
| HANTZ FINANCIAL SERVICES, INC. 0.01% of their portfolio | 37.0k $371.0k | Reduced -4.1k |
| Laird Norton Wetherby Trust Company, LLC 0.01% of their portfolio | 35.4k $354.2k | Reduced -5.6k |
| MOODY NATIONAL BANK TRUST DIVISION 0.03% of their portfolio | 33.7k $337.0k | Unchanged |
| VPR Management LLC 0.13% of their portfolio | 33.6k $336.4k | Unchanged |
| Vident Advisory, LLC 0.00% of their portfolio | 33.2k $331.9k | Added +16.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 33.0k $330.0k | Added +18.1k |
| PROFUND ADVISORS LLC 0.01% of their portfolio | 30.5k $305.7k | Added +13.0k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 28.4k $284.0k | First filing |
| DIVERSIFIED TRUST CO 0.01% of their portfolio | 27.0k $270.2k | New |
| Arkfeld Wealth Strategies, L.L.C. 0.08% of their portfolio | 26.1k $248.9k | Reduced -3.6k |
| Caitong International Asset Management Co., Ltd 0.05% of their portfolio | 25.3k $253.5k | Added +18.3k |
| Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio | 23.8k $238.1k | Added +2.1k |
| TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio | 23.3k $232.9k | New |
| Virtu Financial LLC 0.01% of their portfolio | 22.8k $229.0k | Added +6.6k |
| Compound Planning, Inc. 0.01% of their portfolio | 22.4k $223.8k | Added +2.4k |
| Headlands Technologies LLC 0.03% of their portfolio | 22.4k $223.8k | New |
| Lester Murray Antman dba SimplyRich 0.06% of their portfolio | 22.2k $222.0k | Added +454 |
| Cullen Capital Management, LLC 0.00% of their portfolio | 21.4k $214.6k | New |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 19.7k $196.8k | Reduced -9.1k |
| TD Waterhouse Canada Inc. 0.00% of their portfolio | 19.5k $197.0k | Reduced -202.3k |
| GROUPAMA ASSET MANAGMENT 0.00% of their portfolio | 17.2k $172.6k | Reduced -13.5k |
| Ballentine Partners, LLC 0.00% of their portfolio | 16.9k $168.9k | New |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 16.0k $159.7k | Added +2.7k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 15.5k $154.9k | Added +413 |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 15.3k $153.4k | First filing |
| IEQ CAPITAL, LLC 0.00% of their portfolio | 14.9k $148.9k | Added +677 |
| RITHOLTZ WEALTH MANAGEMENT 0.00% of their portfolio | 14.8k $148.5k | Added +509 |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 13.9k $139.0k | New |
| CHOREO, LLC 0.00% of their portfolio | 13.4k $134.3k | Added +1.2k |
| SmartHarvest Portfolios, LLC 0.05% of their portfolio | 12.2k $121.9k | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 12.0k $120.1k | Added +1.3k |