Vault-13

PATRIA INVESTMENTS LIMITED PAX

COM CL A · Common Stock · CUSIP G69451105

128 institutional holders +5 vs Q2 2024
47,691,11847.7m shares reported held*
$532.8mreported value*
20 new 46 added 43 reduced 17 sold out net sold ≈ $17.4m (-1.6m 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 ≈ $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

050100150Q3 22: 55Q4 22: 62Q1 23: 70Q2 23: 91Q3 23: 96Q4 23: 108Q1 24: 122Q2 24: 123Q3 24: 128128Q3 22Q1 23Q3 23Q1 24Q3 24
Numbers
QuarterHolders
Q3 202255
Q4 202262
Q1 202370
Q2 202391
Q3 202396
Q4 2023108
Q1 2024122
Q2 2024123
Q3 2024128

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 outQ1 23: 40 bought or addedQ1 23: 28 cut or sold outQ1 23Q2 23: 65 bought or addedQ2 23: 38 cut or sold outQ3 23: 53 bought or addedQ3 23: 42 cut or sold outQ3 23Q4 23: 61 bought or addedQ4 23: 38 cut or sold outQ1 24: 80 bought or addedQ1 24: 37 cut or sold outQ1 24Q2 24: 74 bought or addedQ2 24: 53 cut or sold outQ3 24: 66 bought or addedQ3 24: 60 cut or sold outQ3 24
Numbers
QuarterBought or addedCut or sold out
Q4 20222734
Q1 20234028
Q2 20236538
Q3 20235342
Q4 20236138
Q1 20248037
Q2 20247453
Q3 20246660

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ4 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 6.26Q3 24 calls: $389.1kQ3 24 puts: $1.8mQ3 24P/C 4.55
Numbers
QuarterCallsPutsP/C
Q4 2023$821.6k$1.3m1.63
Q1 2024$631.9k$811.5k1.28
Q2 2024$349.4k$2.2m6.26
Q3 2024$389.1k$1.8m4.55

Biggest buyers

Capital Research Global Investors Added +777,833+777.8k
FMR LLC Added +483,675+483.7k
Nuveen Asset Management, LLC Added +433,728+433.7k
INHERENT GROUP, LP New +393,898+393.9k
ADAGE CAPITAL PARTNERS GP, L.L.C. Added +382,277+382.3k
GOLDMAN SACHS GROUP INC Added +246,200+246.2k
JPMORGAN CHASE & CO Added +227,870+227.9k
STATE STREET CORP Added +208,039+208.0k
Qube Research & Technologies Ltd Added +201,863+201.9k
Phase 2 Partners, LLC Added +198,225+198.2k

Biggest sellers

AMERICAN CENTURY COMPANIES INC Reduced -2,399,174-2.4m
Capital International Investors Reduced -1,114,229-1.1m
Capital International, Inc./CA/ Sold out -789,506-789.5k
MILLENNIUM MANAGEMENT LLC Reduced -256,546-256.5k
SEI INVESTMENTS CO Sold out -215,383-215.4k
Grandeur Peak Global Advisors, LLC Reduced -209,907-209.9k
MORGAN STANLEY Reduced -184,041-184.0k
DEUTSCHE BANK AG\ Reduced -173,603-173.6k
Verition Fund Management LLC Reduced -130,820-130.8k
CAPITAL INTERNATIONAL SARL Sold out -116,323-116.3k

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.

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 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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Capital Research Global Investors 0.03% of their portfolio Los Angeles, CA 10,928,82210.9m $122.1m $122.1m 0.03% Added +777.8k +777,833
2 FMR LLC 0.00% of their portfolio BOSTON, MA 5,976,6996.0m $66.8m $66.8m 0.00% Added +483.7k +483,675
3 BlackRock, Inc. 0.00% of their portfolio New York, NY 4,394,8724.4m $49.1m $49.1m 0.00% First filing
4 Grandeur Peak Global Advisors, LLC 3.18% of their portfolio SALT LAKE CITY, UT 3,435,1733.4m $38.4m $38.4m 3.18% Reduced -209.9k -209,907
5 Pertento Partners LLP 4.13% of their portfolio LONDON, X0 3,038,5513.0m $33.9m $33.9m 4.13% Unchanged
6 SAMLYN CAPITAL, LLC 0.37% of their portfolio New York, NY 2,036,3202.0m $22.7m $22.7m 0.37% Reduced -63.1k -63,091
7 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 1,610,9251.6m $18.0m $18.0m 0.00% Reduced -2.1k -2,150
8 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.03% of their portfolio Boston, MA 1,496,8511.5m $16.7m $16.7m 0.03% Added +382.3k +382,277
9 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,165,3311.2m $13.0m $13.0m 0.00% Added +208.0k +208,039
10 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 935,457935.5k $10.4m $10.4m 0.00% Added +433.7k +433,728
11 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 884,730884.7k $9.9m $9.9m 0.00% Added +227.9k +227,870
12 Capital International Investors 0.00% of their portfolio Los Angeles, CA 822,214822.2k $9.2m $9.2m 0.00% Reduced -1.1m -1,114,229
13 Amitell Capital Pte Ltd 6.50% of their portfolio SINGAPORE, U0 776,585776.6k $8.7m $8.7m 6.50% Added +53.0k +53,030
14 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 719,791719.8k $8.0m $8.0m 0.01% Reduced -256.5k -256,546
15 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 680,447680.4k $7.6m $7.6m 0.00% Added +5.2k +5,187
16 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 599,139599.1k $6.7m $6.7m 0.00% Added +246.2k +246,200
17 FIL Ltd 0.01% of their portfolio HAMILTON, D0 576,716576.7k $6.4m $6.4m 0.01% Added +110.8k +110,775
18 Phase 2 Partners, LLC 3.57% of their portfolio San Francisco, CA 541,602541.6k $6.0m $6.0m 3.57% Added +198.2k +198,225
19 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 530,419530.4k $5.9m $5.9m 0.00% Added +133.1k +133,081
20 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 436,257436.3k $4.9m $4.9m 0.01% Added +201.9k +201,863
21 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 395,620395.6k $4.4m $4.4m 0.00% Reduced -25.5k -25,499
22 INHERENT GROUP, LP 4.07% of their portfolio NEW YORK, NY 393,898393.9k $4.4m $4.4m 4.07% New
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 333,952334.0k $3.7m $3.7m 0.00% Reduced -184.0k -184,041
24 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 318,580318.6k $3.6m $3.6m 0.00% Added +97.2k +97,210
25 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 230,925230.9k $2.6m $2.6m 0.00% Reduced -12.5k -12,522
26 ExodusPoint Capital Management, LP 0.02% of their portfolio NEW YORK, NY 206,485206.5k $2.3m $2.3m 0.02% Added +186.1k +186,089
27 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 180,819180.8k $2.0m $2.0m 0.00% Reduced -5.3k -5,338
28 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 179,714179.7k $2.0m $2.0m 0.00% Added +21.0k +20,963
29 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 176,108176.1k $2.0m $2.0m 0.00% Reduced -70.3k -70,252
30 Trexquant Investment LP 0.02% of their portfolio STAMFORD, CT 174,006174.0k $1.9m $1.9m 0.02% New
31 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 164,292164.3k $1.8m $1.8m 0.00% Added +25.0k +25,038
32 Robeco Institutional Asset Management B.V. 0.00% of their portfolio ROTTERDAM, P7 150,000150.0k $1.7m $1.7m 0.00% Unchanged
33 UBS Group AG 0.00% of their portfolio ZURICH, V8 145,798145.8k $1.6m $1.6m 0.00% Added +111.0k +111,037
34 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 137,234137.2k $1.5m $1.5m 0.00% Reduced -44.5k -44,543
35 Engineers Gate Manager LP 0.03% of their portfolio NEW YORK, NY 133,454133.5k $1.5m $1.5m 0.03% Added +30.8k +30,757
36 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 129,432129.4k $1.4m $1.4m 0.00% Reduced -2.8k -2,821
37 Aurora Investment Counsel 0.76% of their portfolio ATLANTA, GA 125,401125.4k $1.4m $1.4m 0.76% New
38 Nebula Research & Development LLC 0.16% of their portfolio New York, NY 123,146123.1k $1.4m $1.4m 0.16% Added +61.5k +61,468
39 Mondrian Investment Partners LTD 0.02% of their portfolio LONDON, X0 113,487113.5k $1.3m $1.3m 0.02% Reduced -663 -663
40 FEDERATED HERMES, INC. 0.00% of their portfolio PITTSBURGH, PA 95,00095.0k $1.1m $1.1m 0.00% Unchanged
41 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 85,27885.3k $952.8k $952.8k 0.00% Added +5.6k +5,599
42 Jump Financial, LLC 0.02% of their portfolio Chicago, IL 81,53081.5k $910.7k $910.7k 0.02% Added +32.5k +32,483
43 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 81,50481.5k $910.4k $910.4k 0.00% Added +20.8k +20,770
44 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 79,18679.2k $884.5k $884.5k 0.00% Reduced -5.4k -5,399
45 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 78,97779.0k $882.2k $882.2k 0.00% Added +59.9k +59,900
46 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 77,01477.0k $860.2k $860.2k 0.00% Reduced -718 -718
47 MARTINGALE ASSET MANAGEMENT L P 0.02% of their portfolio BOSTON, MA 74,89174.9k $836.5k $836.5k 0.02% Added +6.7k +6,713
48 EAGLE HARBOR ASSET MANAGEMENT INC /ADV 0.74% of their portfolio SEATTLE, WA 67,18067.2k $750.4k $750.4k 0.74% Added +17.4k +17,436
49 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 66,75366.8k $745.6k $745.6k 0.00% Added +42.5k +42,530
50 M&T Bank Corp 0.00% of their portfolio BUFFALO, NY 60,07760.1k $671.1k $671.1k 0.00% Unchanged
51 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 59,90559.9k $669.1k $669.1k 0.00% Reduced -53 -53
52 Quantbot Technologies LP 0.03% of their portfolio NEW YORK, NY 59,86359.9k $668.7k $668.7k 0.03% New
53 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 59,57759.6k $665.5k $665.5k 0.00% Reduced -103.2k -103,178
54 AVIVA PLC 0.00% of their portfolio LONDON, X0 56,81756.8k $634.6k $634.6k 0.00% Added +7.7k +7,737
55 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 56,65056.6k $632.0k $632.0k 0.00% Reduced -34.8k -34,755
56 GSA CAPITAL PARTNERS LLP 0.05% of their portfolio LONDON, X0 56,08356.1k $626.0k $626.0k 0.05% Added +12.5k +12,516
57 PENSION & WEALTH MANAGEMENT ADVISORS, INC. 0.31% of their portfolio WALTHAM, MA 53,85753.9k $601.6k $601.6k 0.31% Added +11.9k +11,880
58 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 53,81353.8k $602.7k $602.7k 0.00% Added +319 +319
59 LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio LOS ANGELES, CA 47,22547.2k $527.5k $527.5k 0.00% Reduced -86.0k -86,027
60 Y-Intercept (Hong Kong) Ltd 0.03% of their portfolio HONG KONG, K3 45,95746.0k $513.3k $513.3k 0.03% Reduced -74.3k -74,332
61 Centiva Capital, LP 0.02% of their portfolio New York, NY 44,97445.0k $502.4k $502.4k 0.02% Added +9.2k +9,186
62 Wellington Shields Capital Management, LLC 0.08% of their portfolio NEW YORK, NY 39,50039.5k $441.2k $441.2k 0.08% Unchanged
63 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 39,31539.3k $439.1k $439.1k 0.00% Reduced -173.6k -173,603
64 Wellington Shields & Co., LLC 0.11% of their portfolio NEW YORK, NY 32,40032.4k $361.9k $361.9k 0.11% Unchanged
65 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 32,01432.0k $357.6k $357.6k 0.00% Unchanged
66 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 31,93931.9k $356.8k $356.8k 0.00% Reduced -3.6k -3,571
67 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 30,10330.1k $336.3k $336.3k 0.00% Added +2.4k +2,444
68 Corebridge Financial, Inc. 0.00% of their portfolio HOUSTON, TX 29,41029.4k $328.5k $328.5k 0.00% Reduced -181 -181
69 BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio NEW YORK, NY 29,10529.1k $325.1k $325.1k 0.01% New
70 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 28,42028.4k $317.0k $317.0k 0.00% Added +5.6k +5,569
71 Legal & General Group Plc 0.00% of their portfolio London, X0 28,14928.1k $319.0k $319.0k 0.00% Added +14.9k +14,884
72 Solstein Capital, LLC 0.16% of their portfolio Menlo Park, CA 26,30026.3k $293.8k $293.8k 0.16% Unchanged
73 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 25,68825.7k $286.9k $286.9k 0.00% Reduced -2.4m -2,399,174
74 Allegheny Financial Group 0.06% of their portfolio Pittsburgh, PA 23,23723.2k $259.6k $259.6k 0.06% Added +509 +509
75 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 21,80021.8k $243.5k $243.5k 0.00% Added +1.0k +1,000
76 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 20,43320.4k $228.2k $228.2k 0.00% Reduced -214 -214
77 MQS Management LLC 0.13% of their portfolio NEW YORK, NY 20,07420.1k $224.2k $224.2k 0.13% Reduced -4.9k -4,903
78 PDT Partners, LLC 0.02% of their portfolio New York, NY 19,87819.9k $222.0k $222.0k 0.02% Reduced -14.5k -14,491
79 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 19,60019.6k $218.9k $218.9k 0.00% Reduced -84.2k -84,200
80 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 18,89718.9k $211.0k $211.0k 0.00% New
81 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 18,25318.3k $203.9k $203.9k 0.00% Reduced -123 -123
82 INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio WEST PALM BEACH, FL 17,86217.9k $199.5k $199.5k 0.00% New
83 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 17,86017.9k $200.0k $200.0k 0.00% Reduced -112.7k -112,667
84 ALGERT GLOBAL LLC 0.00% of their portfolio SAN FRANCISCO, CA 16,64216.6k $185.9k $185.9k 0.00% Added +5.2k +5,150
85 Naviter Wealth, LLC 0.03% of their portfolio LITTLE ROCK, AR 16,39916.4k $183.2k $183.2k 0.03% New
86 Ethic Inc. 0.01% of their portfolio NEW YORK, NY 16,28216.3k $241.6k $241.6k 0.01% New
87 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio TALLAHASSEE, FL 15,68015.7k $175.1k $175.1k 0.00% Reduced -19.5k -19,511
88 Abel Hall, LLC 0.11% of their portfolio BATON ROUGE, LA 15,00015.0k $167.6k $167.6k 0.11% Unchanged
89 Virtu Financial LLC 0.01% of their portfolio New York, NY 14,93214.9k $167.0k $167.0k 0.01% Added +226 +226
90 Campbell & CO Investment Adviser LLC 0.01% of their portfolio BALTIMORE, MD 14,85714.9k $166.0k $166.0k 0.01% Reduced -9.1k -9,084
91 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 14,36814.4k $160.5k $160.5k 0.00% Reduced -7.8k -7,800
92 AXQ CAPITAL, LP 0.04% of their portfolio JERSEY CITY, NJ 12,75112.8k $142.4k $142.4k 0.04% New
93 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 11,83211.8k $132.2k $132.2k 0.00% Reduced -130.8k -130,820
94 Dynamic Technology Lab Private Ltd 0.01% of their portfolio SINGAPORE, U0 11,63011.6k $130.0k $130.0k 0.01% New
95 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 11,27811.3k $126.0k $126.0k 0.00% Reduced -1.2k -1,246
96 FOX RUN MANAGEMENT, L.L.C. 0.03% of their portfolio GREENWICH, CT 10,67210.7k $119.2k $119.2k 0.03% Reduced -3.5k -3,509
97 STRS OHIO 0.00% of their portfolio COLUMBUS, OH 10,60010.6k $118.4k $118.4k 0.00% Reduced -28.3k -28,300
98 ProShare Advisors LLC 0.00% of their portfolio BETHESDA, MD 10,39210.4k $116.1k $116.1k 0.00% New
99 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 10,23010.2k $114.3k $114.3k 0.00% Reduced -15.2k -15,198
100 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio COLUMBUS, OH 9,6009.6k $107.2k $107.2k 0.00% New