YPF SOCIEDAD ANONIMA YPF
SPON ADR CL D · ADR · CUSIP 984245100 · ISIN US9842451000
Argentine energy company
* 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 ($12.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $46.22. Options: 21 managers hold calls ($481.0m notional), 20 hold puts ($193.1m).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 86 |
| Q4 2022 | 107 |
| Q1 2023 | 118 |
| Q2 2023 | 121 |
| Q3 2023 | 127 |
| Q4 2023 | 126 |
| Q1 2024 | 142 |
| Q2 2024 | 152 |
| Q3 2024 | 140 |
| Q4 2024 | 181 |
| Q1 2025 | 167 |
| Q2 2025 | 155 |
| Q3 2025 | 124 |
| Q4 2025 | 115 |
| Q1 2026 | 150 |
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 | 76 | 74 |
| Q3 2024 | 58 | 84 |
| Q4 2024 | 97 | 79 |
| Q1 2025 | 78 | 103 |
| Q2 2025 | 72 | 91 |
| Q3 2025 | 51 | 88 |
| Q4 2025 | 50 | 72 |
| Q1 2026 | 93 | 49 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $139.3m | $167.3m | 1.20 |
| Q3 2025 | $136.2m | $139.2m | 1.02 |
| Q4 2025 | $219.5m | $203.2m | 0.93 |
| Q1 2026 | $481.0m | $193.1m | 0.40 |
Biggest buyers
| Duquesne Family Office LLC | Added | +2.6m |
| North of South Capital LLP | Added | +1.9m |
| JPMORGAN CHASE & CO | Added | +1.4m |
| TT International Asset Management LTD | Added | +1.3m |
| JANE STREET GROUP, LLC | Added | +1.1m |
| OAKTREE CAPITAL MANAGEMENT LP | New | +886.5k |
| BlackRock, Inc. | Added | +719.5k |
| MORGAN STANLEY | Added | +645.9k |
| Russell Investments Group, Ltd. | Added | +610.8k |
| MILLENNIUM MANAGEMENT LLC | Added | +586.6k |
Biggest sellers
| Aquamarine Financial (Cayman) Ltd | Reduced | -1.5m |
| PING CAPITAL MANAGEMENT, INC. | Reduced | -570.5k |
| NWI MANAGEMENT LP | Sold out | -452.9k |
| HSBC HOLDINGS PLC | Reduced | -321.3k |
| Grantham, Mayo, Van Otterloo & Co. LLC | Reduced | -219.7k |
| GROUP ONE TRADING LLC | Sold out | -211.4k |
| UBS Group AG | Reduced | -160.2k |
| Verition Fund Management LLC | Sold out | -147.0k |
| BANK OF AMERICA CORP /DE/ | Reduced | -92.4k |
| Banco Santander, S.A. | Reduced | -85.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $193.8m4.2m shares |
| MASTERS CAPITAL MANAGEMENT LLC | Added | $46.2m1.0m shares |
| IMC-Chicago, LLC | Added | $43.6m943.4k shares |
| GROUP ONE TRADING LLC | Added | $31.3m677.3k shares |
| CITADEL ADVISORS LLC | Added | $28.7m621.4k shares |
| JANE STREET GROUP, LLC | Added | $28.1m607.1k shares |
| PEAK6 LLC | Added | $25.0m540.0k shares |
| Walleye Trading LLC | Added | $17.3m374.5k shares |
| SIMPLEX TRADING, LLC | Added | $14.9m321.9k shares |
| Jain Global LLC | New | $13.9m300.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $50.6m1.1m shares |
| JANE STREET GROUP, LLC | Reduced | $24.4m528.6k shares |
| GROUP ONE TRADING LLC | Reduced | $22.5m485.9k shares |
| CITADEL ADVISORS LLC | Reduced | $18.7m404.3k shares |
| Walleye Trading LLC | Added | $17.0m367.3k shares |
| IMC-Chicago, LLC | Added | $11.9m257.4k shares |
| LMR Partners LLP | New | $9.2m200.0k shares |
| Converium Capital Inc. | Unchanged | $8.8m190.0k shares |
| SIMPLEX TRADING, LLC | Added | $6.5m140.0k shares |
| D. E. Shaw & Co., Inc. | Reduced | $4.2m90.0k 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 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.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 2 | $704.2k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-25 | Martin Mauricio Alejandro Midstrm. & Downstrm. Exec. VP, director · American Depositary Shares | Sold | $149.5k3.4k shares |
| 2026-03-19 | Aldeco Marcelo Gustavo Labor Relations VP | Sold | $554.7k12.7k shares |
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, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| Aquamarine Financial (Cayman) Ltd 30.55% of their portfolio | 9.0m $417.2m | Reduced -1.5m |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 5.1m $235.8m | Added +1.4m |
| North of South Capital LLP 14.63% of their portfolio | 3.5m $162.9m | Added +1.9m |
| Duquesne Family Office LLC 5.09% of their portfolio | 3.2m $149.6m | Added +2.6m |
| VR Advisory Services Ltd 17.68% of their portfolio | 3.2m $149.4m | Unchanged |
| MORGAN STANLEY 0.01% of their portfolio | 1.9m $88.4m | Added +645.9k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.11% of their portfolio | 1.7m $80.1m | Added +68.2k |
| PING CAPITAL MANAGEMENT, INC. 24.64% of their portfolio | 1.4m $63.7m | Reduced -570.5k |
| TT International Asset Management LTD 6.51% of their portfolio | 1.3m $59.6m | Added +1.3m |
| JANE STREET GROUP, LLC 0.06% of their portfolio | 1.2m $56.6m | Added +1.1m |
| Russell Investments Group, Ltd. 0.05% of their portfolio | 1.1m $49.2m | Added +610.8k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.11% of their portfolio | 926.2k $42.8m | Reduced -219.7k |
| OAKTREE CAPITAL MANAGEMENT LP 0.69% of their portfolio | 886.5k $41.0m | New |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 841.8k $38.9m | Added +248.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 792.0k $36.6m | Added +349.4k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 736.5k $34.0m | Added +586.6k |
| BlackRock, Inc. 0.00% of their portfolio | 719.8k $33.3m | Added +719.5k |
| UBS Group AG 0.00% of their portfolio | 565.9k $26.2m | Reduced -160.2k |
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT 1.29% of their portfolio | 538.2k $24.9m | Added +268.1k |
| Rheos Capital Works Inc. 1.54% of their portfolio | 500.0k $23.1m | New |
| Equinox Partners Investment Management LLC 8.80% of their portfolio | 467.0k $21.6m | New |
| Candriam S.C.A. 0.11% of their portfolio | 444.0k $20.5m | Added +297.0k |
| Fourth Sail Capital LP 2.76% of their portfolio | 363.7k $16.8m | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 296.1k $13.7m | Added +235.7k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 277.6k $13.2m | Reduced -321.3k |
| HITE Hedge Asset Management LLC 0.72% of their portfolio | 277.2k $12.8m | New |
| Kapitalo Investimentos Ltda 2.24% of their portfolio | 257.6k $11.9m | Added +570 |
| Jump Financial, LLC 0.17% of their portfolio | 249.7k $11.5m | New |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.11% of their portfolio | 245.7k $11.4m | Reduced -16.7k |
| CITIGROUP INC 0.01% of their portfolio | 242.7k $11.2m | Added +186.8k |
| GLOBEFLEX CAPITAL L P 1.55% of their portfolio | 221.5k $10.2m | Unchanged |
| WEXFORD CAPITAL LP 1.56% of their portfolio | 204.8k $9.5m | Added +76.1k |
| Alpine Global Management, LLC 1.43% of their portfolio | 204.0k $9.4m | New |
| Brevan Howard Capital Management LP 0.08% of their portfolio | 165.0k $8.0m | Reduced -37.3k |
| Aquatic Capital Management LLC 0.20% of their portfolio | 151.3k $7.0m | New |
| Tidal Investments LLC 0.02% of their portfolio | 148.1k $6.8m | Added +135.1k |
| Y-Intercept (Hong Kong) Ltd 0.12% of their portfolio | 140.9k $6.5m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 124.0k $5.7m | Reduced -92.4k |
| Glenorchy Capital Ltd 2.88% of their portfolio | 115.1k $5.3m | Added +1.6k |
| BARCLAYS PLC 0.00% of their portfolio | 110.9k $5.1m | Reduced -151 |
| Oaktree Fund Advisors, LLC 8.82% of their portfolio | 108.6k $5.0m | New |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio | 105.0k $4.9m | Added +39.0k |
| RWC Asset Management LLP 0.15% of their portfolio | 77.2k $3.6m | Added +16.9k |
| BAROMETER CAPITAL MANAGEMENT INC. 1.19% of their portfolio | 75.1k $3.5m | New |
| Amundi 0.00% of their portfolio | 74.9k $3.5m | Reduced -10.6k |
| Caitong International Asset Management Co., Ltd 0.63% of their portfolio | 73.7k $3.4m | New |
| HIMENSION CAPITAL (SINGAPORE) PTE. LTD. 0.25% of their portfolio | 69.6k $3.2m | New |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 67.7k $3.1m | Reduced -4.3k |
| LPL Financial LLC 0.00% of their portfolio | 66.0k $3.0m | Added +7.8k |
| Assenagon Asset Management S.A. 0.00% of their portfolio | 59.5k $2.7m | New |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 56.3k $2.6m | Unchanged |
| Banco Santander, S.A. 0.02% of their portfolio | 54.3k $2.5m | Reduced -85.5k |
| Activest Wealth Management 0.39% of their portfolio | 47.6k $2.2m | Reduced -736 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 47.1k $2.2m | Added +1.4k |
| Prospera Financial Services Inc 0.03% of their portfolio | 46.8k $2.2m | New |
| Virtu Financial LLC 0.09% of their portfolio | 46.7k $2.2m | New |
| MARSHALL WACE, LLP 0.00% of their portfolio | 44.9k $2.1m | New |
| BlueCrest Capital Management Ltd 0.19% of their portfolio | 43.5k $2.0m | Unchanged |
| INSIGNEO ADVISORY SERVICES, LLC 0.14% of their portfolio | 41.2k $1.9m | Reduced -23.7k |
| DELTEC ASSET MANAGEMENT LLC 0.35% of their portfolio | 40.8k $1.9m | Reduced -17.5k |
| Walleye Capital LLC 0.01% of their portfolio | 36.4k $1.7m | Reduced -9.6k |
| Graham Capital Management, L.P. 0.06% of their portfolio | 35.7k $1.7m | Added +320 |
| HighTower Advisors, LLC 0.00% of their portfolio | 34.4k $1.6m | Added +25.9k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 34.3k $1.6m | Added +14.9k |
| XTX Topco Ltd 0.03% of their portfolio | 33.0k $1.5m | New |
| Cetera Investment Advisers 0.00% of their portfolio | 31.8k $1.5m | Reduced -1.2k |
| Engineers Gate Manager LP 0.02% of their portfolio | 27.3k $1.3m | New |
| CHESAPEAKE ASSET MANAGEMENT LLC 1.00% of their portfolio | 26.9k $1.2m | Unchanged |
| QUATTRO FINANCIAL ADVISORS LLC 0.35% of their portfolio | 25.0k $1.2m | Reduced -25.0k |
| TITAN GLOBAL CAPITAL MANAGEMENT USA LLC 0.17% of their portfolio | 24.5k $1.1m | Added +1.2k |
| Fort Sheridan Advisors LLC 0.13% of their portfolio | 24.0k $1.1m | Unchanged |
| Walleye Trading LLC 0.02% of their portfolio | 22.1k $1.0m | Reduced -10.2k |
| ALTFEST L J & CO INC 0.10% of their portfolio | 21.2k $980.2k | New |
| Steadtrust LLC 0.52% of their portfolio | 20.0k $924.4k | Reduced -2.0k |
| Squarepoint Ops LLC 0.00% of their portfolio | 19.1k $882.2k | New |
| First Growth Capital LLC 0.75% of their portfolio | 18.6k $823.6k | Added +249 |
| Schonfeld Strategic Advisors LLC 0.01% of their portfolio | 17.6k $814.3k | New |
| Mariner, LLC 0.00% of their portfolio | 17.1k $790.3k | Reduced -648 |
| Caption Management, LLC 0.04% of their portfolio | 16.3k $755.2k | New |
| Snowden Capital Advisors LLC 0.02% of their portfolio | 15.4k $711.2k | Unchanged |
| Compound Planning, Inc. 0.02% of their portfolio | 14.3k $660.7k | New |
| Brooklyn Investment Group 0.02% of their portfolio | 13.1k $603.5k | Added +5.1k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 12.2k $563.8k | Added +1.1k |
| Laurion Capital Management LP 0.05% of their portfolio | 12.0k $554.6k | Unchanged |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 11.0k $508.4k | New |
| TWO SIGMA SECURITIES, LLC 0.06% of their portfolio | 10.8k $499.0k | New |
| ATLAS CAPITAL ADVISORS INC. 0.06% of their portfolio | 10.7k $496.2k | Unchanged |
| PARADIGM ASSET MANAGEMENT CO LLC 0.12% of their portfolio | 10.7k $494.2k | Unchanged |
| PICKERING ENERGY PARTNERS LP 0.94% of their portfolio | 10.0k $462.2k | New |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 10.0k $460.7k | New |
| LWM Advisory Services, LLC 0.47% of their portfolio | 9.6k $442.7k | Unchanged |
| Modern Wealth Management, LLC 0.01% of their portfolio | 9.6k $424.4k | New |
| Kiker Wealth Management, LLC 0.21% of their portfolio | 9.4k $434.0k | New |
| HANTZ FINANCIAL SERVICES, INC. 0.01% of their portfolio | 9.1k $419.0k | Added +1.7k |
| PROFUND ADVISORS LLC 0.01% of their portfolio | 8.8k $406.0k | New |
| WINTON GROUP Ltd 0.01% of their portfolio | 8.4k $388.2k | New |
| Quantbot Technologies LP 0.02% of their portfolio | 8.4k $386.9k | New |
| Marex Group Ltd 0.00% of their portfolio | 8.1k $372.5k | Reduced -1.6k |
| Centiva Capital, LP 0.02% of their portfolio | 8.1k $372.3k | New |
| Scientech Research LLC 0.30% of their portfolio | 7.7k $354.2k | New |