Vault-13

ARCO PLATFORM LTD

COM CL A · CUSIP G04553106 · ISIN KYG045531061

54 institutional holders +6 vs Q1 2023
27,734,81027.7m shares reported held*
$336.5mreported value*
13 new 5 added 17 reduced 7 sold out net sold ≈ $6.4m (-511.5k 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. Holder counts are more reliable. Implied quarter-end price ≈ $12.13. Options: 3 managers hold calls ($498.8k notional), 2 hold puts ($151.0k).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 58Q4 22: 52Q1 23: 48Q2 23: 5454Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202258
Q4 202252
Q1 202348
Q2 202354

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 23 bought or addedQ4 22: 32 cut or sold outQ4 22Q1 23: 16 bought or addedQ1 23: 23 cut or sold outQ1 23Q2 23: 18 bought or addedQ2 23: 24 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222332
Q1 20231623
Q2 20231824

Calls vs puts

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

CallsPuts
$0$200k$400k$600kQ3 22 calls: $1.0kQ3 22 puts: $0Q3 22P/C 0.00Q4 22 calls: $4.0kQ4 22 puts: $12.8kQ4 22P/C 3.15Q1 23 calls: $0Q1 23 puts: $0Q1 23P/C —Q2 23 calls: $498.8kQ2 23 puts: $151.0kQ2 23P/C 0.30
Numbers
QuarterCallsPutsP/C
Q3 2022$1.0k$00.00
Q4 2022$4.0k$12.8k3.15
Q1 2023$0$0—
Q2 2023$498.8k$151.0k0.30

Biggest buyers

SPX Gestao de Recursos Ltda New +553,536+553.5k
FourWorld Capital Management LLC New +452,785+452.8k
Corbin Capital Partners, L.P. New +139,457+139.5k
WEXFORD CAPITAL LP New +97,562+97.6k
MILLENNIUM MANAGEMENT LLC Added +74,762+74.8k
FAIRFAX FINANCIAL HOLDINGS LTD/ CAN New +63,156+63.2k
Alpine Global Management, LLC New +48,520+48.5k
Newfoundland Capital Management New +44,520+44.5k
MIRABELLA FINANCIAL SERVICES LLP New +25,670+25.7k
Sagefield Capital LP New +18,700+18.7k

Biggest sellers

Tekne Capital Management, LLC Sold out -661,822-661.8k
Capital Research Global Investors Reduced -457,191-457.2k
CREDIT SUISSE AG/ Reduced -301,857-301.9k
Truxt Investmentos Ltda. Reduced -155,117-155.1k
Amundi Reduced -141,687-141.7k
Global Endowment Management, LP Sold out -119,530-119.5k
Euro Pacific Asset Management, LLC Sold out -65,230-65.2k
Select Equity Group, L.P. Sold out -58,197-58.2k
MORGAN STANLEY Reduced -32,166-32.2k
PRICE T ROWE ASSOCIATES INC /MD/ Reduced -16,400-16.4k

Biggest calls

SIMPLEX TRADING, LLC New $364.0k30.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $134.8k11.1k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SIMPLEX TRADING, LLC New $151.0k12.5k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Keenan Capital, LLC 10.30% of their portfolio BURLINGAME, CA 4,735,4454.7m $57.5m $57.5m 10.30% Unchanged
2 GENERAL ATLANTIC, L.P. 0.79% of their portfolio New York, NY 4,103,3664.1m $49.8m $49.8m 0.79% Unchanged
3 Wishbone Management, LP 10.53% of their portfolio Chicago, IL 2,895,9322.9m $35.2m $35.2m 10.53% Unchanged
4 Arisaig Partners (Asia) Pte Ltd. 13.18% of their portfolio SINGAPORE, U0 2,264,9642.3m $27.5m $27.5m 13.18% Unchanged
5 Capital Research Global Investors 0.01% of their portfolio Los Angeles, CA 2,254,0322.3m $27.4m $27.4m 0.01% Reduced -457.2k -457,191
6 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 2,203,1182.2m $26.7m $26.7m 0.00% Reduced -16.4k -16,400
7 Dragoneer Investment Group, LLC 0.39% of their portfolio SAN FRANCISCO, CA 1,565,3951.6m $19.0m $19.0m 0.39% Unchanged
8 SOFTBANK GROUP CORP. 0.15% of their portfolio TOKYO, M0 1,073,9381.1m $13.0m $13.0m 0.15% Unchanged
9 Truxt Investmentos Ltda. 2.94% of their portfolio RIO DE JANEIRO, D5 965,113965.1k $11.7m $11.7m 2.94% Reduced -155.1k -155,117
10 Oasis Management Co Ltd. 3.97% of their portfolio GRAND CAYMAN, E9 938,417938.4k $11.4m $11.4m 3.97% Unchanged
11 SPX Gestao de Recursos Ltda 0.32% of their portfolio RIO DE JANEIRO, D5 553,536553.5k $6.7m $6.7m 0.32% New
12 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 512,306512.3k $6.2m $6.2m 0.00% Reduced -4.2k -4,229
13 FourWorld Capital Management LLC 1.58% of their portfolio NEW YORK, NY 452,785452.8k $5.5m $5.5m 1.58% New
14 NOMURA HOLDINGS INC 0.05% of their portfolio TOKYO, M0 431,938431.9k $5.2m $5.2m 0.05% Unchanged
15 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 363,180363.2k $4.4m $4.4m 0.00% Added +192 +192
16 Amundi 0.00% of their portfolio Paris, I0 359,316359.3k $4.4m $4.4m 0.00% Reduced -141.7k -141,687
17 Gavilan Investment Partners LLC 1.75% of their portfolio BURLINGAME, CA 323,452323.5k $3.9m $3.9m 1.75% Unchanged
18 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 311,750311.8k $3.8m $3.8m 0.00% Reduced -301.9k -301,857
19 Rheos Capital Works Inc. 0.13% of their portfolio Tokyo, M0 202,700202.7k $2.5m $2.5m 0.13% Unchanged
20 Handelsbanken Fonder AB 0.01% of their portfolio STOCKHOLM, V7 169,835169.8k $2.1m $2.1m 0.01% Unchanged
21 Corbin Capital Partners, L.P. 1.39% of their portfolio NEW YORK, NY 139,457139.5k $1.5m $1.5m 1.39% New
22 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 131,104131.1k $1.6m $1.6m 0.00% Added +74.8k +74,762
23 SYCOMORE ASSET MANAGEMENT 0.30% of their portfolio PARIS, I0 107,723107.7k $1.3m $1.3m 0.30% Unchanged
24 WEXFORD CAPITAL LP 0.24% of their portfolio WEST PALM BEACH, FL 97,56297.6k $1.2m $1.2m 0.24% New
25 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 82,87382.9k $1.0m $1.0m 0.00% Reduced -9.3k -9,309
26 FAIRFAX FINANCIAL HOLDINGS LTD/ CAN 0.04% of their portfolio TORONTO, A6 63,15663.2k $763.6k $763.6k 0.04% New
27 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 50,33250.3k $611.0k $611.0k 0.00% Added +12.9k +12,851
28 Alpine Global Management, LLC 0.09% of their portfolio NEW YORK, NY 48,52048.5k $589.0k $589.0k 0.09% New
29 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 45,15445.2k $548.2k $548.2k 0.00% Reduced -32.2k -32,166
30 Newfoundland Capital Management 4.44% of their portfolio Sao Paulo, D5 44,52044.5k $540.5k $540.5k 4.44% New
31 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 43,16643.2k $524.0k $524.0k 0.01% Reduced -6.7k -6,715
32 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 27,12627.1k $329.3k $329.3k 0.00% Reduced -3.9k -3,854
33 MIRABELLA FINANCIAL SERVICES LLP 0.04% of their portfolio London, X0 25,67025.7k $311.6k $311.6k 0.04% New
34 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 24,48524.5k $297.2k $297.2k 0.00% Reduced -120 -120
35 Daiwa Securities Group Inc. 0.00% of their portfolio CHIYODA-KU,TOKYO, M0 22,57022.6k $274.0k $274.0k 0.00% Unchanged
36 Sagefield Capital LP 0.05% of their portfolio DALLAS, TX 18,70018.7k $227.0k $227.0k 0.05% New
37 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 16,15116.2k $196.1k $196.1k 0.00% Unchanged
38 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 14,92514.9k $181.2k $181.2k 0.00% New
39 FIFTH LANE CAPITAL, LP 0.15% of their portfolio Austin, TX 12,50012.5k $151.8k $151.8k 0.15% New
40 Centiva Capital, LP 0.01% of their portfolio New York, NY 10,28410.3k $124.8k $124.8k 0.01% Reduced -1.7k -1,719
41 FNY Investment Advisers, LLC 0.11% of their portfolio NEW YORK, NY 7,0007.0k $84.0k $84.0k 0.11% Reduced -425 -425
42 BlackRock Inc. 0.00% of their portfolio New York, NY 5,5555.6k $67.4k $67.4k 0.00% Reduced -7.1k -7,147
43 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 5,0005.0k $60.7k $60.7k 0.00% New
44 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 3,5283.5k $43.0k $43.0k 0.00% Reduced -3.4k -3,423
45 UBS Group AG 0.00% of their portfolio ZURICH, V8 2,1522.2k $26.1k $26.1k 0.00% Reduced -180 -180
46 SALEM INVESTMENT COUNSELORS INC 0.00% of their portfolio WINSTON-SALEM, NC 1,6001.6k $19.4k $19.4k 0.00% Unchanged
47 Financial Perspectives, Inc 0.01% of their portfolio MINNEAPOLIS, MN 1,0711.1k $13.0k $13.0k 0.01% Unchanged
48 ADIRONDACK TRUST CO 0.00% of their portfolio SARATOGA SPRINGS, NY 625625 $8.1k $8.1k 0.00% Unchanged
49 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 543543 $6.0k $6.0k 0.00% Added +343 +343
50 Legal & General Group Plc 0.00% of their portfolio London, X0 457457 $5.5k $5.5k 0.00% Unchanged
51 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 430430 $5.2k $5.2k 0.00% Added +9 +9
52 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 300300 $3.6k $3.6k 0.00% Reduced -167 -167
53 Covestor Ltd 0.00% of their portfolio LONDON, X0 5353 $1.0k $1.0k 0.00% New
54 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged