Vault-13

PATRIA INVESTMENTS LIMITED PAX

COM CL A · Common Stock · CUSIP G69451105

123 institutional holders +1 vs Q1 2024
48,322,57848.3m shares reported held*
$582.9mreported value*
17 new 57 added 35 reduced 18 sold out net sold ≈ $42.0m (-3.5m 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 ($47.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $12.06. Options: 4 managers hold calls ($349.4k notional), 5 hold puts ($2.2m).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 55Q4 22: 62Q1 23: 70Q2 23: 91Q3 23: 96Q4 23: 108Q1 24: 122Q2 24: 123123Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202255
Q4 202262
Q1 202370
Q2 202391
Q3 202396
Q4 2023108
Q1 2024122
Q2 2024123

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 27 bought or addedQ4 22: 34 cut or sold outQ4 22Q1 23: 40 bought or addedQ1 23: 28 cut or sold outQ2 23: 65 bought or addedQ2 23: 38 cut or sold outQ2 23Q3 23: 53 bought or addedQ3 23: 42 cut or sold outQ4 23: 61 bought or addedQ4 23: 38 cut or sold outQ4 23Q1 24: 80 bought or addedQ1 24: 37 cut or sold outQ2 24: 74 bought or addedQ2 24: 53 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222734
Q1 20234028
Q2 20236538
Q3 20235342
Q4 20236138
Q1 20248037
Q2 20247453

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ3 23 calls: $834.6kQ3 23 puts: $1.1mQ3 23P/C 1.35Q4 23 calls: $821.6kQ4 23 puts: $1.3mQ4 23P/C 1.63Q1 24 calls: $631.9kQ1 24 puts: $811.5kQ1 24P/C 1.28Q2 24 calls: $349.4kQ2 24 puts: $2.2mQ2 24P/C 6.26
Numbers
QuarterCallsPutsP/C
Q3 2023$834.6k$1.1m1.35
Q4 2023$821.6k$1.3m1.63
Q1 2024$631.9k$811.5k1.28
Q2 2024$349.4k$2.2m6.26

Biggest buyers

Pertento Partners LLP Added +903,067+903.1k
ADAGE CAPITAL PARTNERS GP, L.L.C. Added +693,686+693.7k
AMERICAN CENTURY COMPANIES INC Added +389,331+389.3k
Phase 2 Partners, LLC New +343,377+343.4k
MILLENNIUM MANAGEMENT LLC Added +289,830+289.8k
CITIGROUP INC Added +212,217+212.2k
GOLDMAN SACHS GROUP INC Added +184,510+184.5k
DEUTSCHE BANK AG\ Added +178,011+178.0k
Amitell Capital Pte Ltd Added +159,454+159.5k
Qube Research & Technologies Ltd Added +114,428+114.4k

Biggest sellers

MORGAN STANLEY Reduced -2,166,779-2.2m
WELLINGTON MANAGEMENT GROUP LLP Reduced -1,380,281-1.4m
JANUS HENDERSON GROUP PLC Reduced -1,378,334-1.4m
Capital International Investors Reduced -956,335-956.3k
Capital Research Global Investors Reduced -607,824-607.8k
Capital International, Inc./CA/ Reduced -158,491-158.5k
JPMORGAN CHASE & CO Reduced -157,416-157.4k
RENAISSANCE TECHNOLOGIES LLC Reduced -138,500-138.5k
BANK OF AMERICA CORP /DE/ Reduced -120,308-120.3k
Grandeur Peak Global Advisors, LLC Reduced -112,863-112.9k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $184.5k15.3k shares
CITADEL ADVISORS LLC Reduced $145.9k12.1k shares
SIMPLEX TRADING, LLC Added $19.0k1.6k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.9m158.8k shares
CITADEL ADVISORS LLC Reduced $158.0k13.1k shares
SIMPLEX TRADING, LLC Added $112.0k9.3k shares
GROUP ONE TRADING LLC Unchanged $2.4k200 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.

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
Neto Olimpio Matarazzo 13D · may seek influence new · filed 2026-02-26
Stated purposeEach Reporting Person acquired the securities described in this Schedule 13D for investment purposes and intends to review its investments in the Issuer on a continuing basis. Any actions a Reporting Person might undertake may be made at any time and from time to time without prior notice and may be informed by such Reporting Person's review of numerous factors, including but not limited to an ongoing evaluation of the Issuer's business, financial condition, operations and prospects; price levels and availability of the Issuer's securities or other financial instruments; general market, industry and economic conditions; tax considerations; such Reporting Person's trading and investment strategies; the relative attractiveness of alternative business and investment opportunities; other futur… Full filing
56.0% new 83.7m≈ $919.1m 2026-02-26
FMR LLC 13G · institution +1.3 pts · filed 2025-11-05 10.0% +1.3 pts 6.6m≈ $72.9m 2025-11-05
Endure Capital Management, LLC 13G · passive investor +2.2 pts · filed 2026-05-15 9.3% +2.2 pts 6.4m≈ $69.8m 2026-05-15
Pertento Partners LLP 13G · passive investor +1.4 pts · filed 2026-05-15 8.0% +1.4 pts 5.3m≈ $58.4m 2026-05-15
BlackRock, Inc. 13G · institution filed 2025-04-23 7.6% 4.6m≈ $50.7m 2025-04-23

Fell to 5% or below in the last year: Capital Research Global Investors (0.0%, 2026-09-04)

Insider purchases and sales in Q2 2024

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 Q2 2024.

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Capital Research Global Investors 0.03% of their portfolio Los Angeles, CA 10,150,98910.2m $122.4m $122.4m 0.03% Reduced -607.8k -607,824
2 FMR LLC 0.00% of their portfolio BOSTON, MA 5,493,0245.5m $66.2m $66.2m 0.00% Unchanged
3 Grandeur Peak Global Advisors, LLC 3.51% of their portfolio SALT LAKE CITY, UT 3,645,0803.6m $44.0m $44.0m 3.51% Reduced -112.9k -112,863
4 BlackRock Inc. 0.00% of their portfolio New York, NY 3,473,8343.5m $41.9m $41.9m 0.00% Added +64.9k +64,891
5 Pertento Partners LLP 4.64% of their portfolio LONDON, X0 3,038,5513.0m $36.6m $36.6m 4.64% Added +903.1k +903,067
6 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 2,424,8622.4m $29.2m $29.2m 0.02% Added +389.3k +389,331
7 SAMLYN CAPITAL, LLC 0.44% of their portfolio New York, NY 2,099,4112.1m $25.3m $25.3m 0.44% Added +606 +606
8 Capital International Investors 0.00% of their portfolio Los Angeles, CA 1,936,4431.9m $23.4m $23.4m 0.00% Reduced -956.3k -956,335
9 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 1,613,0751.6m $19.5m $19.5m 0.00% Reduced -1.4m -1,380,281
10 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.02% of their portfolio Boston, MA 1,114,5741.1m $13.4m $13.4m 0.02% Added +693.7k +693,686
11 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 976,337976.3k $11.8m $11.8m 0.01% Added +289.8k +289,830
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 957,292957.3k $11.5m $11.5m 0.00% Reduced -3.3k -3,275
13 Capital International, Inc./CA/ 0.13% of their portfolio Los Angeles, CA 789,506789.5k $9.5m $9.5m 0.13% Reduced -158.5k -158,491
14 Amitell Capital Pte Ltd 7.52% of their portfolio SINGAPORE, U0 723,555723.6k $8.7m $8.7m 7.52% Added +159.5k +159,454
15 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 675,260675.3k $8.1m $8.1m 0.00% Added +29.0k +28,984
16 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 656,860656.9k $7.9m $7.9m 0.00% Reduced -157.4k -157,416
17 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 517,993518.0k $6.2m $6.2m 0.00% Reduced -2.2m -2,166,779
18 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 501,729501.7k $6.1m $6.1m 0.00% Added +12.7k +12,720
19 FIL Ltd 0.01% of their portfolio HAMILTON, D0 465,941465.9k $5.6m $5.6m 0.01% Reduced -22.1k -22,065
20 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 421,119421.1k $5.1m $5.1m 0.00% Added +1.3k +1,296
21 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 397,338397.3k $4.8m $4.8m 0.00% Reduced -27.2k -27,151
22 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 352,939352.9k $4.3m $4.3m 0.00% Added +184.5k +184,510
23 Phase 2 Partners, LLC 2.49% of their portfolio San Francisco, CA 343,377343.4k $4.1m $4.1m 2.49% New
24 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 246,360246.4k $3.0m $3.0m 0.01% Added +56.9k +56,915
25 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 243,447243.4k $3.0m $3.0m 0.00% Added +22.8k +22,825
26 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 234,394234.4k $2.8m $2.8m 0.01% Added +114.4k +114,428
27 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 221,370221.4k $2.7m $2.7m 0.00% Added +212.2k +212,217
28 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 215,383215.4k $2.6m $2.6m 0.00% Added +35.3k +35,262
29 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 212,918212.9k $2.6m $2.6m 0.00% Added +178.0k +178,011
30 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 186,157186.2k $2.2m $2.2m 0.00% Reduced -22.4k -22,403
31 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 181,777181.8k $2.2m $2.2m 0.00% Added +21.3k +21,282
32 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 162,755162.8k $2.0m $2.0m 0.00% Reduced -21.2k -21,178
33 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 158,751158.8k $1.9m $1.9m 0.00% Reduced -20.9k -20,860
34 Robeco Institutional Asset Management B.V. 0.00% of their portfolio ROTTERDAM, P7 150,000150.0k $1.8m $1.8m 0.00% Reduced -50.0k -50,000
35 Verition Fund Management LLC 0.01% of their portfolio GREENWICH, CT 142,652142.7k $1.7m $1.7m 0.01% Added +26.0k +26,015
36 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 139,254139.3k $1.7m $1.7m 0.00% Added +30.5k +30,460
37 LOS ANGELES CAPITAL MANAGEMENT LLC 0.01% of their portfolio LOS ANGELES, CA 133,252133.3k $1.6m $1.6m 0.01% Reduced -490 -490
38 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 132,253132.3k $1.6m $1.6m 0.00% Added +6.9k +6,886
39 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 130,527130.5k $1.6m $1.6m 0.00% Added +1.7k +1,728
40 Y-Intercept (Hong Kong) Ltd 0.08% of their portfolio HONG KONG, K3 120,289120.3k $1.5m $1.5m 0.08% Added +108.4k +108,395
41 CAPITAL INTERNATIONAL SARL 0.04% of their portfolio Los Angeles, CA 116,323116.3k $1.4m $1.4m 0.04% Reduced -21.5k -21,491
42 Mondrian Investment Partners LTD 0.02% of their portfolio LONDON, X0 114,150114.2k $1.5m $1.5m 0.02% Reduced -45.9k -45,858
43 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 103,800103.8k $1.3m $1.3m 0.00% Reduced -138.5k -138,500
44 Engineers Gate Manager LP 0.03% of their portfolio NEW YORK, NY 102,697102.7k $1.2m $1.2m 0.03% Added +46.7k +46,655
45 FEDERATED HERMES, INC. 0.00% of their portfolio PITTSBURGH, PA 95,00095.0k $1.1m $1.1m 0.00% Added +35.0k +35,000
46 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 91,40591.4k $1.1m $1.1m 0.01% New
47 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 84,58584.6k $1.0m $1.0m 0.00% Reduced -34.6k -34,604
48 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 79,67979.7k $961.9k $961.9k 0.00% Reduced -1.4m -1,378,334
49 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 77,73277.7k $937.4k $937.4k 0.00% Added +7.2k +7,158
50 MARTINGALE ASSET MANAGEMENT L P 0.02% of their portfolio BOSTON, MA 68,17868.2k $822.2k $822.2k 0.02% Added +7.8k +7,804
51 Nebula Research & Development LLC 0.12% of their portfolio New York, NY 61,67861.7k $743.8k $743.8k 0.12% Added +13.1k +13,059
52 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 60,73460.7k $732.5k $732.5k 0.00% Reduced -120.3k -120,308
53 M&T Bank Corp 0.00% of their portfolio BUFFALO, NY 60,07760.1k $724.5k $724.5k 0.00% Reduced -25.4k -25,416
54 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 59,95860.0k $723.1k $723.1k 0.00% Added +1.8k +1,829
55 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 53,49453.5k $649.4k $649.4k 0.00% Reduced -42 -42
56 EAGLE HARBOR ASSET MANAGEMENT INC /ADV 0.64% of their portfolio SEATTLE, WA 49,74449.7k $599.9k $599.9k 0.64% Added +23.6k +23,634
57 AVIVA PLC 0.00% of their portfolio LONDON, X0 49,08049.1k $591.9k $591.9k 0.00% Added +6.3k +6,286
58 Jump Financial, LLC 0.01% of their portfolio Chicago, IL 49,04749.0k $591.5k $591.5k 0.01% Added +9.7k +9,737
59 GSA CAPITAL PARTNERS LLP 0.04% of their portfolio LONDON, X0 43,56743.6k $525.0k $525.0k 0.04% New
60 Mariner, LLC 0.00% of their portfolio Overland Park, KS 42,49342.5k $512.5k $512.5k 0.00% Added +27.6k +27,572
61 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 42,46142.5k $512.1k $512.1k 0.00% Reduced -19.3k -19,336
62 PENSION & WEALTH MANAGEMENT ADVISORS, INC. 0.29% of their portfolio WALTHAM, MA 41,97742.0k $506.2k $506.2k 0.29% Added +11.2k +11,188
63 Wellington Shields Capital Management, LLC 0.09% of their portfolio NEW YORK, NY 39,50039.5k $476.4k $476.4k 0.09% Reduced -8.8k -8,800
64 STRS OHIO 0.00% of their portfolio COLUMBUS, OH 38,90038.9k $469.1k $469.1k 0.00% Reduced -2.6k -2,600
65 DENALI ADVISORS LLC 0.13% of their portfolio SAN DIEGO, CA 38,30038.3k $461.9k $461.9k 0.13% New
66 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 37,33137.3k $450.2k $450.2k 0.00% Added +1.7k +1,744
67 Centiva Capital, LP 0.02% of their portfolio New York, NY 35,78835.8k $431.6k $431.6k 0.02% Added +20.3k +20,299
68 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 35,51035.5k $428.3k $428.3k 0.00% New
69 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio TALLAHASSEE, FL 35,19135.2k $424.4k $424.4k 0.00% New
70 UBS Group AG 0.00% of their portfolio ZURICH, V8 34,76134.8k $419.2k $419.2k 0.00% Reduced -30.1k -30,116
71 PDT Partners, LLC 0.04% of their portfolio New York, NY 34,36934.4k $414.5k $414.5k 0.04% Reduced -14.2k -14,202
72 Wellington Shields & Co., LLC 0.13% of their portfolio NEW YORK, NY 32,40032.4k $390.7k $390.7k 0.13% Unchanged
73 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 32,01432.0k $386.1k $386.1k 0.00% Added +2.9k +2,942
74 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 29,95730.0k $361.3k $361.3k 0.00% Added +19.9k +19,901
75 Corebridge Financial, Inc. 0.00% of their portfolio HOUSTON, TX 29,59129.6k $356.9k $356.9k 0.00% First filing
76 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 27,65927.7k $333.6k $333.6k 0.00% First filing
77 Solstein Capital, LLC 0.21% of their portfolio Menlo Park, CA 26,30026.3k $317.2k $317.2k 0.21% Unchanged
78 Tower Research Capital LLC (TRC) 0.01% of their portfolio NEW YORK, NY 25,42825.4k $306.7k $306.7k 0.01% Added +24.4k +24,362
79 Man Group plc 0.00% of their portfolio LONDON, X0 25,00525.0k $301.6k $301.6k 0.00% Added +111 +111
80 MQS Management LLC 0.18% of their portfolio NEW YORK, NY 24,97725.0k $301.2k $301.2k 0.18% Added +6.2k +6,190
81 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 24,22324.2k $292.1k $292.1k 0.00% Added +5.2k +5,185
82 Campbell & CO Investment Adviser LLC 0.02% of their portfolio BALTIMORE, MD 23,94123.9k $288.7k $288.7k 0.02% Reduced -18.9k -18,856
83 ALPS ADVISORS INC 0.00% of their portfolio Denver, CO 23,24323.2k $280.3k $280.3k 0.00% Reduced -127 -127
84 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 22,85122.9k $276.0k $276.0k 0.00% Added +4.6k +4,551
85 Allegheny Financial Group 0.08% of their portfolio Pittsburgh, PA 22,72822.7k $274.1k $274.1k 0.08% Added +6.9k +6,899
86 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 22,16822.2k $267.3k $267.3k 0.00% Added +14 +14
87 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 20,80020.8k $250.8k $250.8k 0.00% Added +5.1k +5,100
88 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 20,64720.6k $249.0k $249.0k 0.00% Added +544 +544
89 ExodusPoint Capital Management, LP 0.00% of their portfolio NEW YORK, NY 20,39620.4k $246.0k $246.0k 0.00% Reduced -52.6k -52,586
90 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 19,07719.1k $230.1k $230.1k 0.00% Reduced -20.2k -20,205
91 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 18,37618.4k $221.6k $221.6k 0.00% Added +76 +76
92 Abel Hall, LLC 0.13% of their portfolio BATON ROUGE, LA 15,00015.0k $180.9k $180.9k 0.13% Unchanged
93 Virtu Financial LLC 0.01% of their portfolio New York, NY 14,70614.7k $177.0k $177.0k 0.01% New
94 FOX RUN MANAGEMENT, L.L.C. 0.03% of their portfolio GREENWICH, CT 14,18114.2k $171.0k $171.0k 0.03% New
95 Graham Capital Management, L.P. 0.01% of their portfolio ROWAYTON, CT 14,09714.1k $170.0k $170.0k 0.01% New
96 Legal & General Group Plc 0.00% of their portfolio London, X0 13,26513.3k $160.1k $160.1k 0.00% Added +2.8k +2,822
97 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 12,52412.5k $151.0k $151.0k 0.00% New
98 Polymer Capital Management (HK) LTD 0.03% of their portfolio HONG KONG, K3 12,40012.4k $149.5k $149.5k 0.03% New
99 GLOBEFLEX CAPITAL L P 0.01% of their portfolio SAN DIEGO, CA 11,68311.7k $140.9k $140.9k 0.01% New
100 ALGERT GLOBAL LLC 0.00% of their portfolio SAN FRANCISCO, CA 11,49211.5k $138.6k $138.6k 0.00% New