Vault-13

ARCO PLATFORM LTD

COM CL A · CUSIP G04553106 · ISIN KYG045531061

59 institutional holders +5 vs Q2 2023
29,012,85329.0m shares reported held*
$399.4mreported value*
24 new 13 added 10 reduced 20 sold out net bought ≈ $16.8m (+1.3m 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 ≈ $13.77. Options: 3 managers hold calls ($334.5k notional), 2 hold puts ($172.0k).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 58Q4 22: 52Q1 23: 48Q2 23: 54Q3 23: 5959Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 202258
Q4 202252
Q1 202348
Q2 202354
Q3 202359

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 23Q3 23: 37 bought or addedQ3 23: 30 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222332
Q1 20231623
Q2 20231824
Q3 20233730

Calls vs puts

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

CallsPuts
$0$200k$400k$600kQ4 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 0.30Q3 23 calls: $334.5kQ3 23 puts: $172.0kQ3 23P/C 0.51
Numbers
QuarterCallsPutsP/C
Q4 2022$4.0k$12.8k3.15
Q1 2023$0$0—
Q2 2023$498.8k$151.0k0.30
Q3 2023$334.5k$172.0k0.51

Biggest buyers

FourWorld Capital Management LLC Added +3,403,087+3.4m
GLAZER CAPITAL, LLC New +2,617,951+2.6m
Corbin Capital Partners, L.P. Added +1,103,547+1.1m
SOFTBANK GROUP CORP. Added +1,073,938+1.1m
MORGAN STANLEY Added +542,564+542.6k
Qube Research & Technologies Ltd New +458,484+458.5k
BOOTHBAY FUND MANAGEMENT, LLC New +377,339+377.3k
Carmignac Gestion New +337,730+337.7k
GABELLI FUNDS LLC New +254,105+254.1k
GABELLI & Co INVESTMENT ADVISERS, INC. New +234,900+234.9k

Biggest sellers

Arisaig Partners (Asia) Pte Ltd. Sold out -2,264,964-2.3m
Capital Research Global Investors Sold out -2,254,032-2.3m
PRICE T ROWE ASSOCIATES INC /MD/ Sold out -2,203,118-2.2m
Truxt Investmentos Ltda. Sold out -965,113-965.1k
Oasis Management Co Ltd. Reduced -578,737-578.7k
SPX Gestao de Recursos Ltda Sold out -553,536-553.5k
Gavilan Investment Partners LLC Sold out -323,452-323.5k
Amundi Reduced -239,105-239.1k
Handelsbanken Fonder AB Sold out -169,835-169.8k
CREDIT SUISSE AG/ Reduced -117,076-117.1k

Biggest calls

SIMPLEX TRADING, LLC Reduced $176.0k12.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $158.5k11.5k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SIMPLEX TRADING, LLC Unchanged $172.0k12.5k 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, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Keenan Capital, LLC 11.52% of their portfolio BURLINGAME, CA 4,735,4454.7m $65.3m $65.3m 11.52% Unchanged
2 GENERAL ATLANTIC, L.P. 0.87% of their portfolio New York, NY 4,103,3664.1m $56.5m $56.5m 0.87% Unchanged
3 FourWorld Capital Management LLC 17.06% of their portfolio NEW YORK, NY 3,855,8723.9m $53.1m $53.1m 17.06% Added +3.4m +3,403,087
4 Wishbone Management, LP 14.17% of their portfolio Chicago, IL 2,895,9322.9m $39.9m $39.9m 14.17% Unchanged
5 GLAZER CAPITAL, LLC 2.35% of their portfolio New York, NY 2,617,9512.6m $36.1m $36.1m 2.35% New
6 SOFTBANK GROUP CORP. 0.17% of their portfolio TOKYO, M0 2,147,8762.1m $29.6m $29.6m 0.17% Added +1.1m +1,073,938
7 Dragoneer Investment Group, LLC 0.50% of their portfolio SAN FRANCISCO, CA 1,565,3951.6m $21.6m $21.6m 0.50% Unchanged
8 Corbin Capital Partners, L.P. 26.29% of their portfolio NEW YORK, NY 1,243,0041.2m $17.1m $17.1m 26.29% Added +1.1m +1,103,547
9 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 587,718587.7k $8.1m $8.1m 0.00% Added +542.6k +542,564
10 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 576,054576.1k $7.9m $7.9m 0.00% Added +63.7k +63,748
11 Qube Research & Technologies Ltd 0.02% of their portfolio LONDON, X0 458,484458.5k $6.3m $6.3m 0.02% New
12 NOMURA HOLDINGS INC 0.06% of their portfolio TOKYO, M0 431,938431.9k $6.0m $6.0m 0.06% Unchanged
13 BOOTHBAY FUND MANAGEMENT, LLC 0.17% of their portfolio NEW YORK, NY 377,339377.3k $5.2m $5.2m 0.17% New
14 Oasis Management Co Ltd. 1.33% of their portfolio GRAND CAYMAN, E9 359,680359.7k $5.0m $5.0m 1.33% Reduced -578.7k -578,737
15 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 349,428349.4k $4.8m $4.8m 0.00% Reduced -13.8k -13,752
16 Carmignac Gestion 0.09% of their portfolio PARIS, I0 337,730337.7k $4.7m $4.7m 0.09% New
17 GABELLI FUNDS LLC 0.03% of their portfolio Rye, NY 254,105254.1k $3.5m $3.5m 0.03% New
18 GABELLI & Co INVESTMENT ADVISERS, INC. 0.53% of their portfolio Rye, NY 234,900234.9k $3.2m $3.2m 0.53% New
19 Rheos Capital Works Inc. 0.17% of their portfolio Tokyo, M0 202,700202.7k $2.8m $2.8m 0.17% Unchanged
20 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 194,674194.7k $2.7m $2.7m 0.00% Reduced -117.1k -117,076
21 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 159,900159.9k $2.2m $2.2m 0.00% New
22 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 132,860132.9k $1.8m $1.8m 0.00% New
23 EHP Funds Inc. 0.86% of their portfolio TORONTO, Z4 132,761132.8k $1.8m $1.8m 0.86% New
24 Amundi 0.00% of their portfolio Paris, I0 120,211120.2k $1.7m $1.7m 0.00% Reduced -239.1k -239,105
25 TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio STAMFORD, CT 107,839107.8k $1.5m $1.5m 0.02% New
26 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 100,960101.0k $1.4m $1.4m 0.00% New
27 NEXPOINT ASSET MANAGEMENT, L.P. 0.19% of their portfolio Dallas, TX 99,42499.4k $1.4m $1.4m 0.19% New
28 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 77,29077.3k $1.1m $1.1m 0.01% New
29 Diametric Capital, LP 0.40% of their portfolio BOSTON, MA 70,00070.0k $964.6k $964.6k 0.40% New
30 Sagefield Capital LP 0.10% of their portfolio DALLAS, TX 50,10050.1k $690.4k $690.4k 0.10% Added +31.4k +31,400
31 Crystalline Management Inc. 0.53% of their portfolio Montreal, Quebec, Z4 50,00050.0k $689.0k $689.0k 0.53% New
32 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 43,12243.1k $594.2k $594.2k 0.00% Reduced -7.2k -7,210
33 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 35,34835.3k $487.1k $487.1k 0.00% Reduced -47.5k -47,525
34 PenderFund Capital Management Ltd. 0.17% of their portfolio VANCOUVER, A1 31,02331.0k $581 $581 0.17% New
35 GUGGENHEIM CAPITAL LLC 0.00% of their portfolio CHICAGO, IL 26,41126.4k $363.9k $363.9k 0.00% New
36 Capula Management Ltd 0.02% of their portfolio Grand Cayman, E9 24,70224.7k $340.4k $340.4k 0.02% Not comparable
37 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 24,67724.7k $340.0k $340.0k 0.00% Added +192 +192
38 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 22,52722.5k $310.4k $310.4k 0.00% Reduced -108.6k -108,577
39 PRELUDE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio NEW YORK, NY 22,25422.3k $306.7k $306.7k 0.03% New
40 Daiwa Securities Group Inc. 0.00% of their portfolio CHIYODA-KU,TOKYO, M0 21,95021.9k $302.0k $302.0k 0.00% Reduced -620 -620
41 BlackRock Inc. 0.00% of their portfolio New York, NY 19,45519.5k $268.1k $268.1k 0.00% Added +13.9k +13,900
42 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 19,08119.1k $262.9k $262.9k 0.00% New
43 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 16,15116.2k $222.6k $222.6k 0.00% Unchanged
44 PINEBRIDGE INVESTMENTS, L.P. 0.00% of their portfolio NEW YORK, NY 13,42013.4k $184.9k $184.9k 0.00% New
45 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 13,37113.4k $184.3k $184.3k 0.00% New
46 GAMCO INVESTORS, INC. ET AL 0.00% of their portfolio GREENWICH, CT 12,08412.1k $166.5k $166.5k 0.00% New
47 Centiva Capital, LP 0.01% of their portfolio New York, NY 11,50111.5k $158.5k $158.5k 0.01% Added +1.2k +1,217
48 GROUP ONE TRADING LLC 0.01% of their portfolio CHICAGO, IL 10,21610.2k $140.8k $140.8k 0.01% Added +5.2k +5,216
49 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 4,2934.3k $59.0k $59.0k 0.00% Added +765 +765
50 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 2,5032.5k $34.5k $34.5k 0.00% Added +2.2k +2,203
51 UBS Group AG 0.00% of their portfolio ZURICH, V8 2,1442.1k $29.5k $29.5k 0.00% Reduced -8 -8
52 Quantbot Technologies LP 0.00% of their portfolio NEW YORK, NY 1,8221.8k $25.1k $25.1k 0.00% New
53 Financial Perspectives, Inc 0.01% of their portfolio MINNEAPOLIS, MN 1,0711.1k $14.8k $14.8k 0.01% Unchanged
54 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,0671.1k $14.7k $14.7k 0.00% New
55 ADIRONDACK TRUST CO 0.00% of their portfolio SARATOGA SPRINGS, NY 625625 $8.6k $8.6k 0.00% Unchanged
56 Legal & General Group Plc 0.00% of their portfolio London, X0 457457 $6.3k $6.3k 0.00% Unchanged
57 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 442442 $6.1k $6.1k 0.00% Added +12 +12
58 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 200200 $3.0k $3.0k 0.00% Reduced -343 -343
59 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged