Vault-13

ULTRAPAR PARTICIPACOES SA UGP

SP ADR REP COM · ADR · CUSIP 90400P101

179 institutional holders +23 vs Q1 2026
56,122,11756.1m shares reported held*
$281.7mreported value*
42 new 53 added 59 reduced 20 sold out net sold ≈ $32.1m (-6.4m 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 ($232.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $5.02. Options: 1 managers hold calls ($2.5k notional), 0 hold puts (—).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 86Q4 22: 82Q1 23: 88Q2 23: 90Q3 23: 100Q4 23: 120Q1 24: 130Q2 24: 121Q3 24: 117Q4 24: 117Q1 25: 118Q2 25: 127Q3 25: 123Q4 25: 143Q1 26: 156Q2 26: 179179Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202286
Q4 202282
Q1 202388
Q2 202390
Q3 2023100
Q4 2023120
Q1 2024130
Q2 2024121
Q3 2024117
Q4 2024117
Q1 2025118
Q2 2025127
Q3 2025123
Q4 2025143
Q1 2026156
Q2 2026179

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 24: 58 bought or addedQ3 24: 59 cut or sold outQ4 24: 70 bought or addedQ4 24: 49 cut or sold outQ4 24Q1 25: 61 bought or addedQ1 25: 54 cut or sold outQ2 25: 74 bought or addedQ2 25: 44 cut or sold outQ2 25Q3 25: 62 bought or addedQ3 25: 66 cut or sold outQ4 25: 91 bought or addedQ4 25: 47 cut or sold outQ4 25Q1 26: 100 bought or addedQ1 26: 54 cut or sold outQ2 26: 95 bought or addedQ2 26: 79 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20245859
Q4 20247049
Q1 20256154
Q2 20257444
Q3 20256266
Q4 20259147
Q1 202610054
Q2 20269579

Calls vs puts

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

CallsPuts
$0$100k$200k$300kQ3 25 calls: $10.7kQ3 25 puts: $205.8kQ3 25P/C 19.31Q4 25 calls: $18.1kQ4 25 puts: $188.1kQ4 25P/C 10.40Q1 26 calls: $16.5kQ1 26 puts: $0Q1 26P/C 0.00Q2 26 calls: $2.5kQ2 26 puts: $0Q2 26P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2025$10.7k$205.8k19.31
Q4 2025$18.1k$188.1k10.40
Q1 2026$16.5k$00.00
Q2 2026$2.5k$00.00

Biggest buyers

Qube Research & Technologies Ltd Added +3,172,325+3.2m
BlackRock, Inc. Added +1,638,505+1.6m
MARSHALL WACE, LLP Added +1,431,153+1.4m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +852,162+852.2k
JANE STREET GROUP, LLC Added +638,786+638.8k
Trexquant Investment LP New +442,955+443.0k
Integrated Quantitative Investments LLC New +411,256+411.3k
Capital Innovations LLC New +405,382+405.4k
Point72 Asset Management, L.P. Added +356,163+356.2k
ENVESTNET ASSET MANAGEMENT INC Added +345,228+345.2k

Biggest sellers

Naman Capital Ltda Reduced -5,396,678-5.4m
GOLDMAN SACHS GROUP INC Reduced -4,159,320-4.2m
RENAISSANCE TECHNOLOGIES LLC Reduced -1,503,115-1.5m
UBS Group AG Reduced -1,380,894-1.4m
BANK OF AMERICA CORP /DE/ Reduced -1,299,132-1.3m
MILLENNIUM MANAGEMENT LLC Reduced -1,120,720-1.1m
DEUTSCHE BANK AG\ Reduced -1,119,517-1.1m
CITADEL ADVISORS LLC Reduced -510,516-510.5k
JPMORGAN CHASE & CO Reduced -494,126-494.1k
BANK OF MONTREAL /CAN/ Sold out -366,908-366.9k

Biggest calls

SIMPLEX TRADING, LLC Reduced $2.5k500 shares

Biggest puts

None

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
BlackRock, Inc. 13G · institution -1.8 pts · filed 2025-07-16 5.1% -1.8 pts 57.0m 2025-07-16

Insider purchases and sales since 1 Apr 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.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
404Q4 24: 0 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25Q4 25: 0 buyingQ4 25: 0 sellingQ1 26: 0 buyingQ1 26: 0 sellingQ1 26Q2 26: 0 buyingQ2 26: 0 sellingQ3 26: 0 buyingQ3 26: 4 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20240—0——
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——
Q4 20250—0——
Q1 20260—0——
Q2 20260—0——
Q3 20260—4$1.0m—
DateInsiderTradeSharesPrice ValueTheir holding
2026-09-22 Hachem Andre Saleme CFO and IRO Hidrovias Sold 39,200 $7.67 $300.7k39.2k shares -60%
2026-09-10 Linden Leonardo Remiao CEO Ipiranga Sold 60,000 $7.57 $454.2k60.0k shares -19%
2026-09-10 Rabelo Pedro Guedes Financial Officer Ipiranga Sold 30,000 $7.58 $227.4k30.0k shares -34%
2026-09-01 Amaral Decio de Sampaio CEO Hidrovias Sold 8,000 $6.93 $55.4k8.0k shares -5%
2026-08-18 Hachem Andre Saleme CFO and IRO Hidrovias Sold 585 $6.51 $3.8k585 shares -1%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Naman Capital Ltda 11.39% of their portfolio Sao Paulo, D5 7,330,5447.3m $36.8m $36.8m 11.39% Reduced -5.4m -5,396,678
2 Qube Research & Technologies Ltd 0.03% of their portfolio LONDON, X0 5,623,8475.6m $28.2m $28.2m 0.03% Added +3.2m +3,172,325
3 BlackRock, Inc. 0.00% of their portfolio New York, NY 5,578,6015.6m $28.0m $28.0m 0.00% Added +1.6m +1,638,505
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 4,888,7894.9m $24.5m $24.5m 0.00% Added +21.4k +21,388
5 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 4,044,2974.0m $20.3m $20.3m 0.01% Added +329.2k +329,218
6 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 3,193,0623.2m $16.0m $16.0m 0.01% Added +1.4m +1,431,153
7 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 2,237,5852.2m $11.2m $11.2m 0.02% Reduced -1.5m -1,503,115
8 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 1,954,7952.0m $9.8m $9.8m 0.01% Added +638.8k +638,786
9 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 1,779,3781.8m $8.9m $8.9m 0.00% Added +852.2k +852,162
10 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,354,4161.4m $6.8m $6.8m 0.00% Reduced -4.2m -4,159,320
11 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 844,993845.0k $4.2m $4.2m 0.00% Reduced -100.6k -100,632
12 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 802,011802.0k $4.0m $4.0m 0.00% Reduced -144.1k -144,110
13 Kapitalo Investimentos Ltda 0.31% of their portfolio SAO PAULO, D5 779,409779.4k $3.9m $3.9m 0.31% Reduced -136.1k -136,059
14 Point72 Asset Management, L.P. 0.00% of their portfolio STAMFORD, CT 611,673611.7k $3.1m $3.1m 0.00% Added +356.2k +356,163
15 Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio VANCOUVER, A1 586,328586.3k $2.9m $2.9m 0.01% Added +316.1k +316,067
16 UBS Group AG 0.00% of their portfolio ZURICH, V8 569,124569.1k $2.9m $2.9m 0.00% Reduced -1.4m -1,380,894
17 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 504,999505.0k $2.5m $2.5m 0.00% Added +54.3k +54,331
18 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 485,891485.9k $2.4m $2.4m 0.00% Reduced -38.1k -38,140
19 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 474,871474.9k $2.4m $2.4m 0.00% Reduced -494.1k -494,126
20 Optiver Holding B.V. 0.03% of their portfolio AMSTERDAM, P7 468,922468.9k $2.4m $2.4m 0.03% Added +15.5k +15,467
21 LONGFELLOW INVESTMENT MANAGEMENT CO LLC 0.48% of their portfolio BOSTON, MA 465,411465.4k $2.3m $2.3m 0.48% Reduced -69.1k -69,102
22 Trexquant Investment LP 0.01% of their portfolio STAMFORD, CT 442,955443.0k $2.2m $2.2m 0.01% New
23 Integrated Quantitative Investments LLC 0.34% of their portfolio BELLEVUE, WA 411,256411.3k $2.1m $2.1m 0.34% New
24 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 407,514407.5k $2.0m $2.0m 0.00% Reduced -510.5k -510,516
25 Capital Innovations LLC 0.53% of their portfolio WAUKESHA, WI 405,382405.4k $2.0m $2.0m 0.53% New
26 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 379,739379.7k $1.9m $1.9m 0.00% Added +345.2k +345,228
27 SPX Gestao de Recursos Ltda 0.21% of their portfolio RIO DE JANEIRO, D5 378,023378.0k $1.9m $1.9m 0.21% Reduced -141.1k -141,103
28 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 364,504364.5k $1.8m $1.8m 0.00% Reduced -5.0k -4,970
29 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio Stamford, CT 360,153360.2k $1.8m $1.8m 0.01% Added +1.8k +1,801
30 Dorsey Wright & Associates 0.27% of their portfolio PASADENA, CA 315,874315.9k $1.6m $1.6m 0.27% New
31 Vident Advisory, LLC 0.01% of their portfolio Alpharetta, GA 312,803312.8k $1.6m $1.6m 0.01% Added +7.4k +7,405
32 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 310,324310.3k $1.6m $1.6m 0.00% Reduced -1.1m -1,120,720
33 Banque Cantonale Vaudoise 0.06% of their portfolio LAUSANNE, V8 300,000300.0k $1.5m $1.5m 0.06% Unchanged
34 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 281,178281.2k $1.4m $1.4m 0.00% Reduced -1.3m -1,299,132
35 Engineers Gate Manager LP 0.02% of their portfolio NEW YORK, NY 257,957258.0k $1.3m $1.3m 0.02% Added +208.3k +208,319
36 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 254,518254.5k $1.3m $1.3m 0.00% Reduced -112.9k -112,900
37 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 249,279249.3k $1.3m $1.3m 0.00% New
38 GUGGENHEIM CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 245,743245.7k $1.2m $1.2m 0.01% Added +38.1k +38,085
39 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 232,993233.0k $1.2m $1.2m 0.00% Reduced -28.7k -28,724
40 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 228,237228.2k $1.1m $1.1m 0.00% Reduced -6.3k -6,346
41 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 221,598221.6k $1.1m $1.1m 0.00% New
42 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 200,704200.7k $1.0m $1.0m 0.00% Added +178.1k +178,060
43 RITHOLTZ WEALTH MANAGEMENT 0.01% of their portfolio NEW YORK, NY 194,668194.7k $977.2k $977.2k 0.01% Reduced -6.6k -6,618
44 Bleakley Financial Group, LLC 0.01% of their portfolio PARSIPPANY, NJ 192,502192.5k $966.4k $966.4k 0.01% Reduced -21.0k -20,963
45 AdvisorShares Investments LLC 0.11% of their portfolio BETHESDA, MD 188,536188.5k $946.5k $946.5k 0.11% New
46 Parvin Asset Management, LLC 0.74% of their portfolio SIOUX FALLS, SD 185,650185.7k $932.0k $932.0k 0.74% Reduced -100 -100
47 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 180,147180.1k $904.3k $904.3k 0.00% New
48 Compound Planning, Inc. 0.02% of their portfolio NEW YORK, NY 168,433168.4k $845.5k $845.5k 0.02% Added +9.6k +9,578
49 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 161,267161.3k $809.6k $809.6k 0.00% Added +7.8k +7,850
50 Walleye Capital LLC 0.00% of their portfolio NEW YORK, NY 125,296125.3k $629.0k $629.0k 0.00% Reduced -57.4k -57,427
51 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 119,230119.2k $598.5k $598.5k 0.00% Reduced -7.2k -7,220
52 Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio OAKLAND, CA 118,010118.0k $592.4k $592.4k 0.00% Added +12.0k +12,030
53 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 116,884116.9k $586.8k $586.8k 0.00% New
54 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 116,369116.4k $584.2k $584.2k 0.00% Added +113.4k +113,423
55 Mariner, LLC 0.00% of their portfolio Overland Park, KS 101,840101.8k $511.2k $511.2k 0.00% Reduced -27.8k -27,817
56 Laird Norton Wetherby Trust Company, LLC 0.01% of their portfolio Seattle, WA 98,56298.6k $494.8k $494.8k 0.01% Added +11.4k +11,450
57 Burns Matteson Capital Management, LLC 0.15% of their portfolio CORNING, NY 93,77193.8k $470.7k $470.7k 0.15% New
58 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 78,02578.0k $392.0k $392.0k 0.00% Reduced -6.2k -6,151
59 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 76,97277.0k $386.4k $386.4k 0.00% Reduced -278.0k -277,953
60 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 76,91876.9k $386.1k $386.1k 0.00% Reduced -1.5k -1,464
61 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 75,93975.9k $381.2k $381.2k 0.00% Added +22.2k +22,246
62 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 75,63075.6k $379.7k $379.7k 0.00% Added +209 +209
63 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 74,49374.5k $374.0k $374.0k 0.00% New
64 QRG CAPITAL MANAGEMENT, INC. 0.00% of their portfolio BERWYN, PA 73,29673.3k $367.9k $367.9k 0.00% Reduced -12.4k -12,373
65 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 69,29269.3k $347.8k $347.8k 0.00% Unchanged
66 Robeco Institutional Asset Management B.V. 0.00% of their portfolio ROTTERDAM, P7 68,80568.8k $345.4k $345.4k 0.00% Added +49.6k +49,571
67 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 67,48567.5k $338.8k $338.8k 0.00% New
68 Sequoia Financial Advisors, LLC 0.00% of their portfolio Akron, OH 64,52564.5k $323.9k $323.9k 0.00% Reduced -282 -282
69 Hennion & Walsh Asset Management, Inc. 0.01% of their portfolio Parsippany, NJ 63,80363.8k $320.3k $320.3k 0.01% Added +44.6k +44,645
70 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 62,49762.5k $313.7k $313.7k 0.00% Added +1.7k +1,651
71 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 58,62158.6k $294.3k $294.3k 0.00% Added +22.1k +22,135
72 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 56,87356.9k $285.5k $285.5k 0.00% Added +10.0k +10,035
73 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio Boston, MA 56,04256.0k $246.1k $246.1k 0.00% New
74 Advisors Asset Management, Inc. 0.00% of their portfolio Monument, CO 52,30252.3k $262.6k $262.6k 0.00% Reduced -2.0k -1,992
75 PERSONAL CFO SOLUTIONS, LLC 0.04% of their portfolio CHESTER, NJ 51,98052.0k $260.9k $260.9k 0.04% New
76 Quantbot Technologies LP 0.01% of their portfolio NEW YORK, NY 50,66650.7k $254.3k $254.3k 0.01% New
77 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 49,98650.0k $250.9k $250.9k 0.00% Added +602 +602
78 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 49,90449.9k $250.5k $250.5k 0.00% Reduced -319.9k -319,864
79 EntryPoint Capital, LLC 0.06% of their portfolio NEW YORK, NY 46,97347.0k $235.8k $235.8k 0.06% New
80 VPR Management LLC 0.09% of their portfolio HOUSTON, TX 46,70046.7k $234.4k $234.4k 0.09% Unchanged
81 Centiva Capital, LP 0.01% of their portfolio New York, NY 45,21345.2k $227.0k $227.0k 0.01% Reduced -32.0k -32,041
82 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 42,16542.2k $211.7k $211.7k 0.00% New
83 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio COLUMBUS, OH 40,93240.9k $205.5k $205.5k 0.00% Added +28.9k +28,948
84 OXFORD ASSET MANAGEMENT LLP 0.10% of their portfolio OXFORD, X0 38,86038.9k $195.1k $195.1k 0.10% Not comparable
85 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 37,84137.8k $190.0k $190.0k 0.00% Reduced -410 -410
86 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 34,00434.0k $171.0k $171.0k 0.00% New
87 West Family Investments, Inc. 0.05% of their portfolio CARLSBAD, CA 33,24033.2k $166.9k $166.9k 0.05% Unchanged
88 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 32,21932.2k $161.7k $161.7k 0.00% Reduced -2.0k -1,985
89 FMR LLC 0.00% of their portfolio BOSTON, MA 31,94831.9k $160.4k $160.4k 0.00% Reduced -698 -698
90 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 31,20831.2k $156.7k $156.7k 0.00% New
91 IEQ CAPITAL, LLC 0.00% of their portfolio Foster City, CA 30,79530.8k $154.6k $154.6k 0.00% Reduced -2.9k -2,878
92 ATLAS CAPITAL ADVISORS INC. 0.02% of their portfolio JACKSON, WY 30,51430.5k $153.2k $153.2k 0.02% Added +21.9k +21,866
93 Axxion S.A. 0.01% of their portfolio GREVENMACHER, N4 30,00030.0k $150.6k $150.6k 0.01% First filing
94 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 29,11329.1k $146.1k $146.1k 0.00% Added +27.9k +27,874
95 Aprio Wealth Management, LLC 0.01% of their portfolio ATLANTA, GA 28,81728.8k $144.7k $144.7k 0.01% Reduced -196 -196
96 PDS Planning, Inc 0.01% of their portfolio DUBLIN, OH 28,28628.3k $142.0k $142.0k 0.01% Unchanged
97 Inspire Advisors, LLC 0.01% of their portfolio Meridian, ID 26,43126.4k $132.5k $132.5k 0.01% Reduced -7.5k -7,485
98 BINGHAM PRIVATE WEALTH, LLC 0.09% of their portfolio SAN FRANCISCO, CA 25,85925.9k $129.8k $129.8k 0.09% New
99 Ethic Inc. 0.00% of their portfolio NEW YORK, NY 25,64925.6k $128.8k $128.8k 0.00% Reduced -23.1k -23,147
100 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 24,32524.3k $122.1k $122.1k 0.00% Reduced -954 -954