Vault-13

SUZANO S A SUZ

SPON ADS · ADR · CUSIP 86959K105

Brazilian paper and pulp producer

144 institutional holders +13 vs Q4 2025
72,604,93772.6m shares reported held*
$726.2mreported value*
33 new 68 added 25 reduced 19 sold out net bought ≈ $90.9m (+9.1m 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 ($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

050100150Q3 22: 95Q4 22: 103Q1 23: 97Q2 23: 106Q3 23: 108Q4 23: 121Q1 24: 128Q2 24: 127Q3 24: 126Q4 24: 123Q1 25: 138Q2 25: 133Q3 25: 129Q4 25: 131Q1 26: 144144Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 2025129
Q4 2025131
Q1 2026144

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 24: 57 bought or addedQ2 24: 72 cut or sold outQ3 24: 61 bought or addedQ3 24: 60 cut or sold outQ3 24Q4 24: 66 bought or addedQ4 24: 45 cut or sold outQ1 25: 73 bought or addedQ1 25: 49 cut or sold outQ1 25Q2 25: 70 bought or addedQ2 25: 60 cut or sold outQ3 25: 60 bought or addedQ3 25: 72 cut or sold outQ3 25Q4 25: 68 bought or addedQ4 25: 57 cut or sold outQ1 26: 101 bought or addedQ1 26: 44 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20245772
Q3 20246160
Q4 20246645
Q1 20257349
Q2 20257060
Q3 20256072
Q4 20256857
Q1 202610144

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ2 25 calls: $6.1mQ2 25 puts: $9.4mQ2 25P/C 1.54Q3 25 calls: $4.7mQ3 25 puts: $5.0mQ3 25P/C 1.06Q4 25 calls: $4.7mQ4 25 puts: $4.6mQ4 25P/C 0.99Q1 26 calls: $15.4mQ1 26 puts: $5.4mQ1 26P/C 0.35
Numbers
QuarterCallsPutsP/C
Q2 2025$6.1m$9.4m1.54
Q3 2025$4.7m$5.0m1.06
Q4 2025$4.7m$4.6m0.99
Q1 2026$15.4m$5.4m0.35

Biggest buyers

DEUTSCHE BANK AG\ Added +5,282,323+5.3m
DYNAMO INTERNACIONAL GESTAO DE RECURSOS LTDA. Added +2,200,000+2.2m
CITADEL ADVISORS LLC Added +1,828,682+1.8m
Atlas FRM LLC Added +1,800,000+1.8m
MORGAN STANLEY Added +753,822+753.8k
STATE STREET CORP Added +646,483+646.5k
Jain Global LLC New +504,167+504.2k
AMERICAN CENTURY COMPANIES INC Added +444,347+444.3k
Point72 Asset Management, L.P. New +409,862+409.9k
NS Partners Ltd New +390,900+390.9k

Biggest sellers

GOLDMAN SACHS GROUP INC Reduced -2,229,093-2.2m
JPMORGAN CHASE & CO Reduced -1,196,356-1.2m
BANK OF AMERICA CORP /DE/ Reduced -1,130,099-1.1m
DekaBank Deutsche Girozentrale Sold out -778,866-778.9k
COMPASS ROSE ASSET MANAGEMENT, LP Reduced -750,000-750.0k
Balyasny Asset Management L.P. Sold out -729,969-730.0k
SG Americas Securities, LLC Sold out -529,300-529.3k
EFG International AG Sold out -250,000-250.0k
TD Waterhouse Canada Inc. Reduced -202,268-202.3k
Optiver Holding B.V. Reduced -128,905-128.9k

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.

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 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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Atlas FRM LLC 12.53% of their portfolio GREENWICH, CT 19,120,00019.1m $191.4m $191.4m 12.53% Added +1.8m +1,800,000
2 DEUTSCHE BANK AG\ 0.04% of their portfolio FRANKFURT AM MAIN, 2M 12,635,41212.6m $126.5m $126.5m 0.04% Added +5.3m +5,282,323
3 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 6,314,0826.3m $63.2m $63.2m 0.00% Added +646.5k +646,483
4 UBS Group AG 0.01% of their portfolio ZURICH, V8 4,854,0704.9m $48.6m $48.6m 0.01% Added +202.7k +202,689
5 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,709,6532.7m $27.1m $27.1m 0.00% Added +753.8k +753,822
6 DYNAMO INTERNACIONAL GESTAO DE RECURSOS LTDA. 9.73% of their portfolio RIO DE JANEIRO, D5 2,589,2342.6m $25.9m $25.9m 9.73% Added +2.2m +2,200,000
7 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 2,315,0422.3m $23.2m $23.2m 0.01% Added +444.3k +444,347
8 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 2,245,5782.2m $22.5m $22.5m 0.00% Reduced -2.2m -2,229,093
9 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 1,847,3581.8m $18.5m $18.5m 0.01% Added +1.8m +1,828,682
10 Kapitalo Investimentos Ltda 2.06% of their portfolio SAO PAULO, D5 1,094,7331.1m $11.0m $11.0m 2.06% Added +310.3k +310,283
11 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 953,561953.6k $9.5m $9.5m 0.01% Added +177.4k +177,388
12 Ramirez Asset Management, Inc. 1.08% of their portfolio NEW YORK, NY 924,318924.3k $9.0m $9.0m 1.08% Added +74.1k +74,057
13 COMPASS ROSE ASSET MANAGEMENT, LP 2.77% of their portfolio New York, NY 850,000850.0k $8.5m $8.5m 2.77% Reduced -750.0k -750,000
14 Itau Unibanco Holding S.A. 0.20% of their portfolio SAO PAULO, D5 828,449828.4k $8.3m $8.3m 0.20% Unchanged
15 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 816,845816.8k $8.2m $8.2m 0.00% Reduced -113.7k -113,656
16 BlackRock, Inc. 0.00% of their portfolio New York, NY 725,401725.4k $7.3m $7.3m 0.00% Added +42.6k +42,598
17 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 714,300714.3k $7.2m $7.2m 0.01% Added +210.2k +210,200
18 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 683,231683.2k $6.6m $6.6m 0.00% Reduced -1.2m -1,196,356
19 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio JUPITER, FL 646,128646.1k $6.5m $6.5m 0.03% Added +277.0k +277,044
20 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 603,558603.6k $6.0m $6.0m 0.00% Added +113.1k +113,070
21 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 529,775529.8k $5.3m $5.3m 0.00% Added +172.3k +172,313
22 Jain Global LLC 0.06% of their portfolio NEW YORK, NY 504,167504.2k $5.0m $5.0m 0.06% New
23 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 426,715426.7k $4.3m $4.3m 0.00% Added +195.2k +195,216
24 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 409,862409.9k $4.1m $4.1m 0.01% New
25 Waterfront Wealth Inc. 0.75% of their portfolio OVERLAND PARK, KS 405,361405.4k $4.1m $4.1m 0.75% Added +8.9k +8,866
26 NS Partners Ltd 0.18% of their portfolio LONDON, X0 390,900390.9k $3.9m $3.9m 0.18% New
27 Seafarer Capital Partners, LLC 0.84% of their portfolio CORTE MADERA, CA 365,000365.0k $3.7m $3.7m 0.84% Added +100.0k +100,000
28 Metis Global Partners, LLC 0.09% of their portfolio San Diego, CA 364,046364.0k $3.6m $3.6m 0.09% Added +9.2k +9,217
29 Navi International - Administradora e Gestora de Recursos Financeiros Ltda. 1.60% of their portfolio SAO PAULO, D5 356,157356.2k $3.6m $3.6m 1.60% Unchanged
30 Naman Capital Ltda 0.96% of their portfolio Sao Paulo, D5 344,547344.5k $3.4m $3.4m 0.96% Unchanged
31 Boston Partners 0.00% of their portfolio BOSTON, MA 303,318303.3k $3.0m $3.0m 0.00% New
32 BRANDES INVESTMENT PARTNERS, LP 0.02% of their portfolio LA JOLLA, CA 269,437269.4k $2.7m $2.7m 0.02% Added +29.5k +29,480
33 ANTIPODES PARTNERS Ltd 0.05% of their portfolio ROYAL EXCHANGE, C3 257,130257.1k $2.6m $2.6m 0.05% Added +61.0k +61,016
34 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 245,225245.2k $2.5m $2.5m 0.00% Reduced -1.1m -1,130,099
35 Handelsbanken Fonder AB 0.01% of their portfolio STOCKHOLM, V7 240,000240.0k $2.4m $2.4m 0.01% New
36 Optiver Holding B.V. 0.09% of their portfolio AMSTERDAM, P7 233,031233.0k $2.3m $2.3m 0.09% Reduced -128.9k -128,905
37 BTG Pactual Asset Management US LLC 0.18% of their portfolio NEW YORK, NY 182,120182.1k $1.8m $1.8m 0.18% New
38 Grantham, Mayo, Van Otterloo & Co. LLC 0.00% of their portfolio Boston, MA 178,523178.5k $1.8m $1.8m 0.00% Added +13.1k +13,100
39 Aberdeen Group plc 0.00% of their portfolio EDINBURGH, X0 158,033158.0k $1.6m $1.6m 0.00% Added +44.9k +44,934
40 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 155,551155.6k $1.6m $1.6m 0.00% Added +56.2k +56,168
41 Fisher Asset Management, LLC 0.00% of their portfolio PLANO, TX 150,708150.7k $1.5m $1.5m 0.00% Added +19.0k +19,028
42 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 144,902144.9k $1.5m $1.5m 0.00% Unchanged
43 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio Stamford, CT 105,375105.4k $1.1m $1.1m 0.01% Added +21.2k +21,198
44 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 93,02793.0k $931.2k $931.2k 0.00% Added +8.3k +8,253
45 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 88,42088.4k $885.0k $885.0k 0.00% Added +23.2k +23,240
46 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 88,00288.0k $880.9k $880.9k 0.00% Added +104 +104
47 GRACE & WHITE INC /NY 0.14% of their portfolio NY, NY 79,77479.8k $798.5k $798.5k 0.14% Unchanged
48 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 76,15776.2k $763.0k $763.0k 0.00% Reduced -23.3k -23,287
49 ION Fund Management Ltd 0.11% of their portfolio Herzliya, L3 75,00075.0k $750.8k $750.8k 0.11% New
50 Tidal Investments LLC 0.00% of their portfolio Milwaukee, WI 73,09873.1k $731.7k $731.7k 0.00% Added +9.7k +9,702
51 Lighthouse Investment Partners, LLC 0.03% of their portfolio Palm Beach Gardens, FL 69,62369.6k $696.9k $696.9k 0.03% New
52 Pictet Asset Management Holding SA 0.00% of their portfolio CAROUGE, V8 66,00666.0k $660.7k $660.7k 0.00% Reduced -17.3k -17,305
53 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 64,86464.9k $649.3k $649.3k 0.00% Added +5.0k +5,008
54 Centiva Capital, LP 0.03% of their portfolio New York, NY 63,29463.3k $633.6k $633.6k 0.03% Added +48.0k +48,026
55 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 62,50062.5k $625.6k $625.6k 0.00% Reduced -125.1k -125,054
56 Quantbot Technologies LP 0.03% of their portfolio NEW YORK, NY 61,31861.3k $613.8k $613.8k 0.03% New
57 QUADRANT CAPITAL GROUP LLC 0.02% of their portfolio CINCINNATI, OH 60,90560.9k $609.7k $609.7k 0.02% Added +170 +170
58 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 60,15060.1k $602.1k $602.1k 0.00% Added +49.5k +49,500
59 Advisors Preferred, LLC 0.09% of their portfolio ROCKVILLE, MD 58,73158.7k $587.9k $587.9k 0.09% New
60 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 58,29058.3k $583.5k $583.5k 0.01% Reduced -29.6k -29,567
61 Aquatic Capital Management LLC 0.02% of their portfolio CHICAGO, IL 56,16056.2k $562.2k $562.2k 0.02% New
62 Brooklyn Investment Group 0.02% of their portfolio NEW YORK, NY 55,82555.8k $558.8k $558.8k 0.02% Added +1.1k +1,106
63 Legal & General Group Plc 0.00% of their portfolio London, X0 55,12155.1k $551.5k $551.5k 0.00% Unchanged
64 SPX Gestao de Recursos Ltda 0.04% of their portfolio RIO DE JANEIRO, D5 49,91749.9k $499.7k $499.7k 0.04% Reduced -66.0k -66,047
65 EntryPoint Capital, LLC 0.15% of their portfolio NEW YORK, NY 49,43349.4k $494.8k $494.8k 0.15% New
66 Engineers Gate Manager LP 0.01% of their portfolio NEW YORK, NY 48,33248.3k $483.8k $483.8k 0.01% Reduced -17.2k -17,193
67 Mariner, LLC 0.00% of their portfolio Overland Park, KS 42,29642.3k $423.4k $423.4k 0.00% Added +5.2k +5,199
68 Savant Capital, LLC 0.00% of their portfolio ROCKFORD, IL 41,65041.6k $416.9k $416.9k 0.00% Added +8.5k +8,488
69 Empowered Funds, LLC 0.00% of their portfolio NEWTOWN SQUARE, PA 38,45738.5k $385.0k $385.0k 0.00% Added +8.0k +7,989
70 HANTZ FINANCIAL SERVICES, INC. 0.01% of their portfolio SOUTHFIELD, MI 37,02537.0k $371.0k $371.0k 0.01% Reduced -4.1k -4,082
71 Laird Norton Wetherby Trust Company, LLC 0.01% of their portfolio Seattle, WA 35,38735.4k $354.2k $354.2k 0.01% Reduced -5.6k -5,646
72 MOODY NATIONAL BANK TRUST DIVISION 0.03% of their portfolio GALVESTON, TX 33,66633.7k $337.0k $337.0k 0.03% Unchanged
73 VPR Management LLC 0.13% of their portfolio HOUSTON, TX 33,60533.6k $336.4k $336.4k 0.13% Unchanged
74 Vident Advisory, LLC 0.00% of their portfolio Alpharetta, GA 33,16133.2k $331.9k $331.9k 0.00% Added +16.7k +16,734
75 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 32,96633.0k $330.0k $330.0k 0.00% Added +18.1k +18,127
76 PROFUND ADVISORS LLC 0.01% of their portfolio BETHESDA, MD 30,54030.5k $305.7k $305.7k 0.01% Added +13.0k +12,970
77 VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 28,37228.4k $284.0k $284.0k 0.00% First filing
78 DIVERSIFIED TRUST CO 0.01% of their portfolio MEMPHIS, TN 26,99327.0k $270.2k $270.2k 0.01% New
79 Arkfeld Wealth Strategies, L.L.C. 0.08% of their portfolio OMAHA, NE 26,11726.1k $248.9k $248.9k 0.08% Reduced -3.6k -3,576
80 Caitong International Asset Management Co., Ltd 0.05% of their portfolio HONG KONG, K3 25,32725.3k $253.5k $253.5k 0.05% Added +18.3k +18,333
81 Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio OAKLAND, CA 23,78723.8k $238.1k $238.1k 0.00% Added +2.1k +2,150
82 TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio STAMFORD, CT 23,26423.3k $232.9k $232.9k 0.00% New
83 Virtu Financial LLC 0.01% of their portfolio New York, NY 22,83822.8k $229.0k $229.0k 0.01% Added +6.6k +6,607
84 Compound Planning, Inc. 0.01% of their portfolio NEW YORK, NY 22,35622.4k $223.8k $223.8k 0.01% Added +2.4k +2,368
85 Headlands Technologies LLC 0.03% of their portfolio CHICAGO, IL 22,35322.4k $223.8k $223.8k 0.03% New
86 Lester Murray Antman dba SimplyRich 0.06% of their portfolio CARLSBAD, CA 22,17922.2k $222.0k $222.0k 0.06% Added +454 +454
87 Cullen Capital Management, LLC 0.00% of their portfolio New York, NY 21,44021.4k $214.6k $214.6k 0.00% New
88 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 19,65819.7k $196.8k $196.8k 0.00% Reduced -9.1k -9,072
89 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 19,54619.5k $197.0k $197.0k 0.00% Reduced -202.3k -202,268
90 GROUPAMA ASSET MANAGMENT 0.00% of their portfolio PARIS, I0 17,24717.2k $172.6k $172.6k 0.00% Reduced -13.5k -13,469
91 Ballentine Partners, LLC 0.00% of their portfolio Waltham, MA 16,87416.9k $168.9k $168.9k 0.00% New
92 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 15,95816.0k $159.7k $159.7k 0.00% Added +2.7k +2,661
93 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 15,47215.5k $154.9k $154.9k 0.00% Added +413 +413
94 Vanguard Global Advisers, LLC 0.00% of their portfolio MALVERN, PA 15,32515.3k $153.4k $153.4k 0.00% First filing
95 IEQ CAPITAL, LLC 0.00% of their portfolio Foster City, CA 14,87114.9k $148.9k $148.9k 0.00% Added +677 +677
96 RITHOLTZ WEALTH MANAGEMENT 0.00% of their portfolio NEW YORK, NY 14,83914.8k $148.5k $148.5k 0.00% Added +509 +509
97 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 13,88213.9k $139.0k $139.0k 0.00% New
98 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 13,41613.4k $134.3k $134.3k 0.00% Added +1.2k +1,240
99 SmartHarvest Portfolios, LLC 0.05% of their portfolio SEATTLE, WA 12,17912.2k $121.9k $121.9k 0.05% New
100 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 11,99812.0k $120.1k $120.1k 0.00% Added +1.3k +1,266