Vault-13

YPF SOCIEDAD ANONIMA YPF

SPON ADR CL D · ADR · CUSIP 984245100 · ISIN US9842451000

Argentine energy company

115 institutional holders -9 vs Q3 2025
33,434,09333.4m shares reported held*
$1.2bnreported value*
21 new 29 added 41 reduced 31 sold out net sold ≈ $392.7m (-10.9m 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 ($417.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $36.16. Options: 19 managers hold calls ($219.5m notional), 20 hold puts ($203.2m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 86Q4 22: 107Q1 23: 118Q2 23: 121Q3 23: 127Q4 23: 126Q1 24: 142Q2 24: 152Q3 24: 140Q4 24: 181Q1 25: 167Q2 25: 155Q3 25: 124Q4 25: 115115Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202286
Q4 2022107
Q1 2023118
Q2 2023121
Q3 2023127
Q4 2023126
Q1 2024142
Q2 2024152
Q3 2024140
Q4 2024181
Q1 2025167
Q2 2025155
Q3 2025124
Q4 2025115

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 24: 71 bought or addedQ1 24: 73 cut or sold outQ2 24: 76 bought or addedQ2 24: 74 cut or sold outQ2 24Q3 24: 58 bought or addedQ3 24: 84 cut or sold outQ4 24: 97 bought or addedQ4 24: 79 cut or sold outQ4 24Q1 25: 78 bought or addedQ1 25: 103 cut or sold outQ2 25: 72 bought or addedQ2 25: 91 cut or sold outQ2 25Q3 25: 51 bought or addedQ3 25: 88 cut or sold outQ4 25: 50 bought or addedQ4 25: 72 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20247173
Q2 20247674
Q3 20245884
Q4 20249779
Q1 202578103
Q2 20257291
Q3 20255188
Q4 20255072

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ1 25 calls: $130.9mQ1 25 puts: $211.3mQ1 25P/C 1.61Q2 25 calls: $139.3mQ2 25 puts: $167.3mQ2 25P/C 1.20Q3 25 calls: $136.2mQ3 25 puts: $139.2mQ3 25P/C 1.02Q4 25 calls: $219.5mQ4 25 puts: $203.2mQ4 25P/C 0.93
Numbers
QuarterCallsPutsP/C
Q1 2025$130.9m$211.3m1.61
Q2 2025$139.3m$167.3m1.20
Q3 2025$136.2m$139.2m1.02
Q4 2025$219.5m$203.2m0.93

Biggest buyers

Duquesne Family Office LLC Added +492,295+492.3k
HSBC HOLDINGS PLC Added +423,101+423.1k
DISCOVERY CAPITAL MANAGEMENT, LLC / CT New +270,100+270.1k
GOLDMAN SACHS GROUP INC Added +192,354+192.4k
Candriam S.C.A. New +147,000+147.0k
Brevan Howard Capital Management LP Added +145,831+145.8k
WEXFORD CAPITAL LP New +128,693+128.7k
MORGAN STANLEY Added +97,811+97.8k
Banco Santander, S.A. Added +95,556+95.6k
Verition Fund Management LLC Added +80,392+80.4k

Biggest sellers

JPMORGAN CHASE & CO Reduced -4,847,116-4.8m
Aquamarine Financial (Cayman) Ltd Reduced -2,481,138-2.5m
NWI MANAGEMENT LP Reduced -1,707,050-1.7m
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Reduced -986,789-986.8k
VR Advisory Services Ltd Reduced -374,137-374.1k
Grantham, Mayo, Van Otterloo & Co. LLC Reduced -229,700-229.7k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -214,418-214.4k
GROUP ONE TRADING LLC Reduced -194,215-194.2k
BW Gestao de Investimentos Ltda. Sold out -191,000-191.0k
VOLORIDGE INVESTMENT MANAGEMENT, LLC Sold out -189,020-189.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $62.5m1.7m shares
NWI MANAGEMENT LP Unchanged $36.2m1.0m shares
MASTERS CAPITAL MANAGEMENT LLC New $22.4m620.0k shares
CITADEL ADVISORS LLC Reduced $15.2m421.7k shares
GROUP ONE TRADING LLC Reduced $14.4m398.1k shares
Point72 Asset Management, L.P. Added $13.8m382.8k shares
IMC-Chicago, LLC Added $9.5m262.2k shares
Caption Management, LLC New $9.0m250.0k shares
PEAK6 LLC Added $6.7m185.4k shares
JANE STREET GROUP, LLC Reduced $5.9m163.0k shares

Biggest puts

JANE STREET GROUP, LLC Added $44.8m1.2m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $41.1m1.1m shares
CITADEL ADVISORS LLC Reduced $27.1m749.3k shares
GROUP ONE TRADING LLC Reduced $26.5m733.5k shares
PEAK6 LLC Reduced $16.2m448.4k shares
Converium Capital Inc. First filing $6.9m190.0k shares
IMC-Chicago, LLC Reduced $5.2m144.1k shares
SIMPLEX TRADING, LLC Reduced $4.9m135.7k shares
Walleye Trading LLC Reduced $4.6m127.7k shares
TUDOR INVESTMENT CORP ET AL Added $3.5m96.4k 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.

Insider purchases and sales in Q4 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 Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Aquamarine Financial (Cayman) Ltd 30.89% of their portfolio Grand Cayman, E9 10,492,55710.5m $379.4m $379.4m 30.89% Reduced -2.5m -2,481,138
2 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 3,737,6903.7m $135.2m $135.2m 0.01% Reduced -4.8m -4,847,116
3 VR Advisory Services Ltd 18.49% of their portfolio CAMANA BAY, GRAND CAYMAN, E9 3,231,3963.2m $116.8m $116.8m 18.49% Reduced -374.1k -374,137
4 PING CAPITAL MANAGEMENT, INC. 28.07% of their portfolio NEW YORK, NY 1,948,7001.9m $70.5m $70.5m 28.07% Reduced -68.3k -68,300
5 North of South Capital LLP 5.43% of their portfolio LONDON, X0 1,670,3781.7m $60.4m $60.4m 5.43% Added +50.4k +50,395
6 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.09% of their portfolio CAUSEWAY BAY, K3 1,663,8181.7m $60.2m $60.2m 0.09% Reduced -986.8k -986,789
7 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,265,8121.3m $45.8m $45.8m 0.00% Added +97.8k +97,811
8 Grantham, Mayo, Van Otterloo & Co. LLC 0.11% of their portfolio Boston, MA 1,145,8781.1m $41.4m $41.4m 0.11% Reduced -229.7k -229,700
9 UBS Group AG 0.01% of their portfolio ZURICH, V8 726,102726.1k $26.3m $26.3m 0.01% Added +74.7k +74,718
10 Duquesne Family Office LLC 0.52% of their portfolio New York, NY 606,990607.0k $21.9m $21.9m 0.52% Added +492.3k +492,295
11 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 598,884598.9k $21.6m $21.6m 0.01% Added +423.1k +423,101
12 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 593,812593.8k $21.5m $21.5m 0.01% Reduced -7.2k -7,231
13 Russell Investments Group, Ltd. 0.02% of their portfolio Seattle, WA 453,795453.8k $16.4m $16.4m 0.02% Reduced -12.0k -11,967
14 NWI MANAGEMENT LP 0.50% of their portfolio NEW YORK, NY 452,950452.9k $16.4m $16.4m 0.50% Reduced -1.7m -1,707,050
15 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 442,640442.6k $16.0m $16.0m 0.00% Added +192.4k +192,354
16 DISCOVERY CAPITAL MANAGEMENT, LLC / CT 0.53% of their portfolio SOUTH NORWALK, CT 270,100270.1k $9.8m $9.8m 0.53% New
17 VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.09% of their portfolio HOUSTON, TX 262,370262.4k $9.5m $9.5m 0.09% Added +46.2k +46,195
18 Kapitalo Investimentos Ltda 1.78% of their portfolio SAO PAULO, D5 257,042257.0k $9.3m $9.3m 1.78% Reduced -570 -570
19 GLOBEFLEX CAPITAL L P 1.23% of their portfolio SAN DIEGO, CA 221,544221.5k $8.0m $8.0m 1.23% Reduced -35.6k -35,571
20 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 216,422216.4k $7.8m $7.8m 0.00% Reduced -114.3k -114,251
21 GROUP ONE TRADING LLC 0.23% of their portfolio CHICAGO, IL 211,359211.4k $7.6m $7.6m 0.23% Reduced -194.2k -194,215
22 Brevan Howard Capital Management LP 0.14% of their portfolio ST. HELIER, Y9 202,258202.3k $7.3m $7.3m 0.14% Added +145.8k +145,831
23 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 156,562156.6k $5.7m $5.7m 0.01% Reduced -71.6k -71,615
24 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 149,910149.9k $5.4m $5.4m 0.00% Reduced -168.0k -168,022
25 Verition Fund Management LLC 0.03% of their portfolio GREENWICH, CT 147,000147.0k $5.3m $5.3m 0.03% Added +80.4k +80,392
26 Candriam S.C.A. 0.03% of their portfolio STRASSEN, N4 147,000147.0k $5.3m $5.3m 0.03% New
27 Banco Santander, S.A. 0.04% of their portfolio Madrid, U3 139,784139.8k $5.1m $5.1m 0.04% Added +95.6k +95,556
28 WEXFORD CAPITAL LP 1.20% of their portfolio WEST PALM BEACH, FL 128,693128.7k $4.7m $4.7m 1.20% New
29 Glenorchy Capital Ltd 2.67% of their portfolio BOOROLITE, C3 113,532113.5k $4.1m $4.1m 2.67% Reduced -6.8k -6,759
30 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 111,030111.0k $4.0m $4.0m 0.00% Reduced -47.4k -47,433
31 Amundi 0.00% of their portfolio Paris, I0 85,57485.6k $3.1m $3.1m 0.00% Added +20.6k +20,583
32 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 72,00072.0k $2.6m $2.6m 0.00% Reduced -139.0k -139,011
33 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 66,00066.0k $2.4m $2.4m 0.00% New
34 INSIGNEO ADVISORY SERVICES, LLC 0.17% of their portfolio MIAMI, FL 64,92464.9k $2.3m $2.3m 0.17% Reduced -165.8k -165,830
35 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 60,33060.3k $2.2m $2.2m 0.00% Reduced -214.4k -214,418
36 RWC Asset Management LLP 0.11% of their portfolio LONDON, X0 60,26260.3k $2.2m $2.2m 0.11% Reduced -56.8k -56,813
37 Crocodile Capital Partners GmbH 1.30% of their portfolio URSENSOLLEN, 2M 60,00060.0k $2.2m $2.2m 1.30% Unchanged
38 DELTEC ASSET MANAGEMENT LLC 0.35% of their portfolio New York, NY 58,25058.2k $2.1m $2.1m 0.35% Reduced -1.2k -1,250
39 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 58,17158.2k $2.1m $2.1m 0.00% Added +1.4k +1,354
40 NOMURA HOLDINGS INC 0.01% of their portfolio TOKYO, M0 57,64757.6k $2.1m $2.1m 0.01% New
41 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 56,27656.3k $2.0m $2.0m 0.00% New
42 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 55,92355.9k $2.0m $2.0m 0.00% Reduced -5.3k -5,347
43 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 53,60853.6k $1.9m $1.9m 0.00% Reduced -101.1k -101,112
44 QUATTRO FINANCIAL ADVISORS LLC 0.54% of their portfolio The Woodlands, TX 50,00050.0k $1.8m $1.8m 0.54% Unchanged
45 Systrade AG 1.10% of their portfolio VADUZ, N2 50,00050.0k $1.8m $1.8m 1.10% Added +5.0k +5,000
46 Activest Wealth Management 0.33% of their portfolio AVENTURA, FL 48,34448.3k $1.7m $1.7m 0.33% Reduced -3.5k -3,460
47 Walleye Capital LLC 0.01% of their portfolio NEW YORK, NY 45,99246.0k $1.7m $1.7m 0.01% Added +33.6k +33,600
48 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 45,64445.6k $1.7m $1.7m 0.00% Added +44.0k +44,020
49 BlueCrest Capital Management Ltd 0.06% of their portfolio ST HELIER, Y9 43,50043.5k $1.6m $1.6m 0.06% New
50 Graham Capital Management, L.P. 0.04% of their portfolio ROWAYTON, CT 35,37935.4k $1.3m $1.3m 0.04% Reduced -14.6k -14,609
51 SIG BROKERAGE, LP 0.42% of their portfolio BALA CYNWYD, PA 34,41934.4k $1.2m $1.2m 0.42% Added +22.1k +22,075
52 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 32,99933.0k $1.2m $1.2m 0.00% Reduced -14 -14
53 Walleye Trading LLC 0.02% of their portfolio NEW YORK, NY 32,23532.2k $1.2m $1.2m 0.02% Added +4.5k +4,462
54 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 30,76330.8k $1.1m $1.1m 0.00% New
55 CHESAPEAKE ASSET MANAGEMENT LLC 0.81% of their portfolio NEW YORK, NY 26,88026.9k $972.0k $972.0k 0.81% Unchanged
56 SIMPLEX TRADING, LLC 0.03% of their portfolio CHICAGO, IL 26,75226.8k $967.4k $967.4k 0.03% Reduced -14.1k -14,107
57 TT International Asset Management LTD 0.19% of their portfolio LONDON, X0 25,80925.8k $895.0k $895.0k 0.19% New
58 Fort Sheridan Advisors LLC 0.11% of their portfolio HIGHLAND PARK, IL 23,97524.0k $866.9k $866.9k 0.11% Unchanged
59 TITAN GLOBAL CAPITAL MANAGEMENT USA LLC 0.12% of their portfolio NEW YORK, NY 23,33023.3k $843.6k $843.6k 0.12% Added +3.9k +3,900
60 Leonteq Securities AG 0.04% of their portfolio ZURICH, V8 22,92422.9k $828.9k $828.9k 0.04% Reduced -18.1k -18,105
61 Steadtrust LLC 0.49% of their portfolio ALLEN, TX 22,00022.0k $795.5k $795.5k 0.49% Unchanged
62 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 19,43019.4k $703.0k $703.0k 0.00% Added +11.8k +11,767
63 First Growth Capital LLC 0.63% of their portfolio PIKESVILLE, MD 18,33818.3k $715.0k $715.0k 0.63% First filing
64 Mariner, LLC 0.00% of their portfolio Overland Park, KS 17,74717.7k $641.7k $641.7k 0.00% Added +9.5k +9,472
65 Snowden Capital Advisors LLC 0.01% of their portfolio New York, NY 15,38815.4k $556.4k $556.4k 0.01% New
66 Tidal Investments LLC 0.00% of their portfolio Milwaukee, WI 12,95513.0k $468.5k $468.5k 0.00% New
67 Laurion Capital Management LP 0.03% of their portfolio NEW YORK, NY 12,00012.0k $433.9k $433.9k 0.03% Unchanged
68 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 11,09211.1k $401.1k $401.1k 0.00% Added +1.0k +1,015
69 Pekin Hardy Strauss, Inc. 0.04% of their portfolio CHICAGO, IL 10,75010.8k $388.7k $388.7k 0.04% New
70 ATLAS CAPITAL ADVISORS INC. 0.04% of their portfolio JACKSON, WY 10,73510.7k $388.2k $388.2k 0.04% First filing
71 PARADIGM ASSET MANAGEMENT CO LLC 0.09% of their portfolio NEW YORK, NY 10,69210.7k $386.6k $386.6k 0.09% Unchanged
72 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 10,24810.2k $370.6k $370.6k 0.00% New
73 Marex Group Ltd 0.00% of their portfolio London, X0 9,7029.7k $350.8k $350.8k 0.00% Added +522 +522
74 LWM Advisory Services, LLC 0.20% of their portfolio PLANTATION, FL 9,5799.6k $346.4k $346.4k 0.20% Reduced -568 -568
75 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 8,5238.5k $308.2k $308.2k 0.00% Added +275 +275
76 Brooklyn Investment Group 0.01% of their portfolio NEW YORK, NY 7,9758.0k $290.8k $290.8k 0.01% New
77 HANTZ FINANCIAL SERVICES, INC. 0.00% of their portfolio SOUTHFIELD, MI 7,3947.4k $267.0k $267.0k 0.00% Added +4.4k +4,360
78 Mutual Advisors, LLC 0.01% of their portfolio OMAHA, NE 7,1617.2k $258.9k $258.9k 0.01% Reduced -473 -473
79 Sowell Financial Services LLC 0.01% of their portfolio NORTH LITTLE ROCK, AR 7,0137.0k $253.6k $253.6k 0.01% New
80 Parallax Volatility Advisers, L.P. 0.01% of their portfolio San Francisco, CA 6,9366.9k $250.8k $250.8k 0.01% Reduced -71.2k -71,210
81 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 5,7605.8k $208.0k $208.0k 0.00% Added +990 +990
82 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 4,3854.4k $158.6k $158.6k 0.00% Reduced -4.3k -4,285
83 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 3,6493.6k $131.9k $131.9k 0.00% Reduced -11.3k -11,326
84 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 3,6423.6k $131.7k $131.7k 0.00% Added +208 +208
85 Rakuten Securities, Inc. 0.03% of their portfolio TOKYO, M0 2,5982.6k $93.9k $93.9k 0.03% Added +314 +314
86 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 2,5372.5k $91.7k $91.7k 0.00% Reduced -13.7k -13,720
87 Bayforest Capital Ltd 0.04% of their portfolio LONDON, X0 1,6301.6k $58.9k $58.9k 0.04% New
88 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 1,5701.6k $56.8k $56.8k 0.00% Reduced -275 -275
89 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 1,3841.4k $50.0k $50.0k 0.00% Reduced -1.1k -1,087
90 Sunbelt Securities, Inc. 0.00% of their portfolio HOUSTON, TX 1,3531.4k $48.9k $48.9k 0.00% Unchanged
91 Global Trust Asset Management, LLC 0.02% of their portfolio PALM BEACH GARDENS, FL 1,2001.2k $43.4k $43.4k 0.02% New
92 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 1,1391.1k $41.2k $41.2k 0.00% Unchanged
93 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 1,1001.1k $39.8k $39.8k 0.00% Unchanged
94 Investors Research Corp 0.00% of their portfolio ATLANTA, GA 700700 $25.3k $25.3k 0.00% Unchanged
95 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 550550 $19.9k $19.9k 0.00% Reduced -14 -14
96 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 500500 $18.1k $18.1k 0.00% Unchanged
97 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 425425 $15.4k $15.4k 0.00% Added +200 +200
98 BlackRock, Inc. 0.00% of their portfolio New York, NY 332332 $12.0k $12.0k 0.00% Unchanged
99 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 300300 $10.8k $10.8k 0.00% Unchanged
100 ORG Partners LLC 0.00% of their portfolio ROANOKE, IN 275275 $9.9k $9.9k 0.00% Reduced -50 -50