PATRIA INVESTMENTS LIMITED PAX
COM CL A · Common Stock · CUSIP G69451105
- SectorFinancials
- IndustryInvestment Advice
- FilingsSEC EDGAR
* 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 ≈ $11.17. Options: 5 managers hold calls ($389.1k notional), 5 hold puts ($1.8m).
Trends to Q3 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 55 |
| Q4 2022 | 62 |
| Q1 2023 | 70 |
| Q2 2023 | 91 |
| Q3 2023 | 96 |
| Q4 2023 | 108 |
| Q1 2024 | 122 |
| Q2 2024 | 123 |
| Q3 2024 | 128 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 27 | 34 |
| Q1 2023 | 40 | 28 |
| Q2 2023 | 65 | 38 |
| Q3 2023 | 53 | 42 |
| Q4 2023 | 61 | 38 |
| Q1 2024 | 80 | 37 |
| Q2 2024 | 74 | 53 |
| Q3 2024 | 66 | 60 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $821.6k | $1.3m | 1.63 |
| Q1 2024 | $631.9k | $811.5k | 1.28 |
| Q2 2024 | $349.4k | $2.2m | 6.26 |
| Q3 2024 | $389.1k | $1.8m | 4.55 |
Biggest buyers
| Capital Research Global Investors | Added | +777.8k |
| FMR LLC | Added | +483.7k |
| Nuveen Asset Management, LLC | Added | +433.7k |
| INHERENT GROUP, LP | New | +393.9k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Added | +382.3k |
| GOLDMAN SACHS GROUP INC | Added | +246.2k |
| JPMORGAN CHASE & CO | Added | +227.9k |
| STATE STREET CORP | Added | +208.0k |
| Qube Research & Technologies Ltd | Added | +201.9k |
| Phase 2 Partners, LLC | Added | +198.2k |
Biggest sellers
| AMERICAN CENTURY COMPANIES INC | Reduced | -2.4m |
| Capital International Investors | Reduced | -1.1m |
| Capital International, Inc./CA/ | Sold out | -789.5k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -256.5k |
| SEI INVESTMENTS CO | Sold out | -215.4k |
| Grandeur Peak Global Advisors, LLC | Reduced | -209.9k |
| MORGAN STANLEY | Reduced | -184.0k |
| DEUTSCHE BANK AG\ | Reduced | -173.6k |
| Verition Fund Management LLC | Reduced | -130.8k |
| CAPITAL INTERNATIONAL SARL | Sold out | -116.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $197.7k17.7k shares |
| CITADEL ADVISORS LLC | Added | $151.9k13.6k shares |
| SIMPLEX TRADING, LLC | Added | $35.0k3.2k shares |
| GROUP ONE TRADING LLC | New | $4.5k400 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.4m121.4k shares |
| CITADEL ADVISORS LLC | Added | $249.1k22.3k shares |
| SIMPLEX TRADING, LLC | Added | $160.0k14.4k shares |
| GROUP ONE TRADING LLC | Added | $5.6k500 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.
| Holder | Stake |
|---|---|
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% |
| FMR LLC 13G · institution +1.3 pts · filed 2025-11-05 | 10.0% |
| Endure Capital Management, LLC 13G · passive investor +2.2 pts · filed 2026-05-15 | 9.3% |
| Pertento Partners LLP 13G · passive investor +1.4 pts · filed 2026-05-15 | 8.0% |
| BlackRock, Inc. 13G · institution filed 2025-04-23 | 7.6% |
Fell to 5% or below in the last year: Capital Research Global Investors (0.0%, 2026-09-04)
Insider purchases and sales in Q3 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 Q3 2024.
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| Capital Research Global Investors 0.03% of their portfolio | 10.9m $122.1m | Added +777.8k |
| FMR LLC 0.00% of their portfolio | 6.0m $66.8m | Added +483.7k |
| BlackRock, Inc. 0.00% of their portfolio | 4.4m $49.1m | First filing |
| Grandeur Peak Global Advisors, LLC 3.18% of their portfolio | 3.4m $38.4m | Reduced -209.9k |
| Pertento Partners LLP 4.13% of their portfolio | 3.0m $33.9m | Unchanged |
| SAMLYN CAPITAL, LLC 0.37% of their portfolio | 2.0m $22.7m | Reduced -63.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 1.6m $18.0m | Reduced -2.1k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.03% of their portfolio | 1.5m $16.7m | Added +382.3k |
| STATE STREET CORP 0.00% of their portfolio | 1.2m $13.0m | Added +208.0k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 935.5k $10.4m | Added +433.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 884.7k $9.9m | Added +227.9k |
| Capital International Investors 0.00% of their portfolio | 822.2k $9.2m | Reduced -1.1m |
| Amitell Capital Pte Ltd 6.50% of their portfolio | 776.6k $8.7m | Added +53.0k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 719.8k $8.0m | Reduced -256.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 680.4k $7.6m | Added +5.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 599.1k $6.7m | Added +246.2k |
| FIL Ltd 0.01% of their portfolio | 576.7k $6.4m | Added +110.8k |
| Phase 2 Partners, LLC 3.57% of their portfolio | 541.6k $6.0m | Added +198.2k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 530.4k $5.9m | Added +133.1k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 436.3k $4.9m | Added +201.9k |
| VANGUARD GROUP INC 0.00% of their portfolio | 395.6k $4.4m | Reduced -25.5k |
| INHERENT GROUP, LP 4.07% of their portfolio | 393.9k $4.4m | New |
| MORGAN STANLEY 0.00% of their portfolio | 334.0k $3.7m | Reduced -184.0k |
| CITIGROUP INC 0.00% of their portfolio | 318.6k $3.6m | Added +97.2k |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 230.9k $2.6m | Reduced -12.5k |
| ExodusPoint Capital Management, LP 0.02% of their portfolio | 206.5k $2.3m | Added +186.1k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 180.8k $2.0m | Reduced -5.3k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 179.7k $2.0m | Added +21.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 176.1k $2.0m | Reduced -70.3k |
| Trexquant Investment LP 0.02% of their portfolio | 174.0k $1.9m | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 164.3k $1.8m | Added +25.0k |
| Robeco Institutional Asset Management B.V. 0.00% of their portfolio | 150.0k $1.7m | Unchanged |
| UBS Group AG 0.00% of their portfolio | 145.8k $1.6m | Added +111.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 137.2k $1.5m | Reduced -44.5k |
| Engineers Gate Manager LP 0.03% of their portfolio | 133.5k $1.5m | Added +30.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 129.4k $1.4m | Reduced -2.8k |
| Aurora Investment Counsel 0.76% of their portfolio | 125.4k $1.4m | New |
| Nebula Research & Development LLC 0.16% of their portfolio | 123.1k $1.4m | Added +61.5k |
| Mondrian Investment Partners LTD 0.02% of their portfolio | 113.5k $1.3m | Reduced -663 |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 95.0k $1.1m | Unchanged |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 85.3k $952.8k | Added +5.6k |
| Jump Financial, LLC 0.02% of their portfolio | 81.5k $910.7k | Added +32.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 81.5k $910.4k | Added +20.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 79.2k $884.5k | Reduced -5.4k |
| BARCLAYS PLC 0.00% of their portfolio | 79.0k $882.2k | Added +59.9k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 77.0k $860.2k | Reduced -718 |
| MARTINGALE ASSET MANAGEMENT L P 0.02% of their portfolio | 74.9k $836.5k | Added +6.7k |
| EAGLE HARBOR ASSET MANAGEMENT INC /ADV 0.74% of their portfolio | 67.2k $750.4k | Added +17.4k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 66.8k $745.6k | Added +42.5k |
| M&T Bank Corp 0.00% of their portfolio | 60.1k $671.1k | Unchanged |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 59.9k $669.1k | Reduced -53 |
| Quantbot Technologies LP 0.03% of their portfolio | 59.9k $668.7k | New |
| Invesco Ltd. 0.00% of their portfolio | 59.6k $665.5k | Reduced -103.2k |
| AVIVA PLC 0.00% of their portfolio | 56.8k $634.6k | Added +7.7k |
| HRT FINANCIAL LP 0.00% of their portfolio | 56.6k $632.0k | Reduced -34.8k |
| GSA CAPITAL PARTNERS LLP 0.05% of their portfolio | 56.1k $626.0k | Added +12.5k |
| PENSION & WEALTH MANAGEMENT ADVISORS, INC. 0.31% of their portfolio | 53.9k $601.6k | Added +11.9k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 53.8k $602.7k | Added +319 |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 47.2k $527.5k | Reduced -86.0k |
| Y-Intercept (Hong Kong) Ltd 0.03% of their portfolio | 46.0k $513.3k | Reduced -74.3k |
| Centiva Capital, LP 0.02% of their portfolio | 45.0k $502.4k | Added +9.2k |
| Wellington Shields Capital Management, LLC 0.08% of their portfolio | 39.5k $441.2k | Unchanged |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 39.3k $439.1k | Reduced -173.6k |
| Wellington Shields & Co., LLC 0.11% of their portfolio | 32.4k $361.9k | Unchanged |
| MetLife Investment Management, LLC 0.00% of their portfolio | 32.0k $357.6k | Unchanged |
| Squarepoint Ops LLC 0.00% of their portfolio | 31.9k $356.8k | Reduced -3.6k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 30.1k $336.3k | Added +2.4k |
| Corebridge Financial, Inc. 0.00% of their portfolio | 29.4k $328.5k | Reduced -181 |
| BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio | 29.1k $325.1k | New |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 28.4k $317.0k | Added +5.6k |
| Legal & General Group Plc 0.00% of their portfolio | 28.1k $319.0k | Added +14.9k |
| Solstein Capital, LLC 0.16% of their portfolio | 26.3k $293.8k | Unchanged |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 25.7k $286.9k | Reduced -2.4m |
| Allegheny Financial Group 0.06% of their portfolio | 23.2k $259.6k | Added +509 |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 21.8k $243.5k | Added +1.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 20.4k $228.2k | Reduced -214 |
| MQS Management LLC 0.13% of their portfolio | 20.1k $224.2k | Reduced -4.9k |
| PDT Partners, LLC 0.02% of their portfolio | 19.9k $222.0k | Reduced -14.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 19.6k $218.9k | Reduced -84.2k |
| SG Americas Securities, LLC 0.00% of their portfolio | 18.9k $211.0k | New |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 18.3k $203.9k | Reduced -123 |
| INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 17.9k $199.5k | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 17.9k $200.0k | Reduced -112.7k |
| ALGERT GLOBAL LLC 0.00% of their portfolio | 16.6k $185.9k | Added +5.2k |
| Naviter Wealth, LLC 0.03% of their portfolio | 16.4k $183.2k | New |
| Ethic Inc. 0.01% of their portfolio | 16.3k $241.6k | New |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 15.7k $175.1k | Reduced -19.5k |
| Abel Hall, LLC 0.11% of their portfolio | 15.0k $167.6k | Unchanged |
| Virtu Financial LLC 0.01% of their portfolio | 14.9k $167.0k | Added +226 |
| Campbell & CO Investment Adviser LLC 0.01% of their portfolio | 14.9k $166.0k | Reduced -9.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 14.4k $160.5k | Reduced -7.8k |
| AXQ CAPITAL, LP 0.04% of their portfolio | 12.8k $142.4k | New |
| Verition Fund Management LLC 0.00% of their portfolio | 11.8k $132.2k | Reduced -130.8k |
| Dynamic Technology Lab Private Ltd 0.01% of their portfolio | 11.6k $130.0k | New |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 11.3k $126.0k | Reduced -1.2k |
| FOX RUN MANAGEMENT, L.L.C. 0.03% of their portfolio | 10.7k $119.2k | Reduced -3.5k |
| STRS OHIO 0.00% of their portfolio | 10.6k $118.4k | Reduced -28.3k |
| ProShare Advisors LLC 0.00% of their portfolio | 10.4k $116.1k | New |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 10.2k $114.3k | Reduced -15.2k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 9.6k $107.2k | New |