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 ($369.9k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $11.62. Options: 5 managers hold calls ($418.2k notional), 5 hold puts ($1.8m).
Trends to Q4 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 |
| Q4 2024 | 136 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q4 2024 | 67 | 71 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $631.9k | $811.5k | 1.28 |
| Q2 2024 | $349.4k | $2.2m | 6.26 |
| Q3 2024 | $389.1k | $1.8m | 4.55 |
| Q4 2024 | $418.2k | $1.8m | 4.40 |
Biggest buyers
| UBS Group AG | Added | +1.7m |
| BlackRock, Inc. | Added | +738.0k |
| Nuveen Asset Management, LLC | Added | +382.2k |
| Pertento Partners LLP | Added | +270.1k |
| STATE STREET CORP | Added | +212.3k |
| MILLENNIUM MANAGEMENT LLC | Added | +195.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | New | +72.3k |
| NORTHERN TRUST CORP | Added | +67.2k |
| FMR LLC | Added | +66.7k |
| Creative Planning | New | +59.9k |
Biggest sellers
| Grandeur Peak Global Advisors, LLC | Reduced | -1.2m |
| Capital Research Global Investors | Reduced | -866.0k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -651.4k |
| Capital International Investors | Reduced | -570.9k |
| Phase 2 Partners, LLC | Sold out | -541.6k |
| JPMORGAN CHASE & CO | Reduced | -481.1k |
| CITIGROUP INC | Reduced | -270.0k |
| Qube Research & Technologies Ltd | Reduced | -197.4k |
| D. E. Shaw & Co., Inc. | Sold out | -179.7k |
| JANE STREET GROUP, LLC | Reduced | -136.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $189.6k16.3k shares |
| CITADEL ADVISORS LLC | Reduced | $136.1k11.7k shares |
| SIMPLEX TRADING, LLC | Added | $53.0k4.6k shares |
| GROUP ONE TRADING LLC | Added | $39.5k3.4k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.2m99.5k shares |
| CITADEL ADVISORS LLC | Added | $417.5k35.9k shares |
| SIMPLEX TRADING, LLC | Added | $250.0k21.5k shares |
| GROUP ONE TRADING LLC | Added | $15.1k1.3k 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 Q4 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 Q4 2024.
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| Capital Research Global Investors 0.02% of their portfolio | 10.1m $117.0m | Reduced -866.0k |
| FMR LLC 0.00% of their portfolio | 6.0m $70.3m | Added +66.7k |
| BlackRock, Inc. 0.00% of their portfolio | 5.1m $59.7m | Added +738.0k |
| Pertento Partners LLP 3.96% of their portfolio | 3.3m $38.5m | Added +270.1k |
| Grandeur Peak Global Advisors, LLC 2.35% of their portfolio | 2.3m $26.5m | Reduced -1.2m |
| SAMLYN CAPITAL, LLC 0.37% of their portfolio | 2.0m $23.3m | Reduced -29.2k |
| UBS Group AG 0.00% of their portfolio | 1.9m $21.8m | Added +1.7m |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.03% of their portfolio | 1.5m $17.2m | Reduced -13.7k |
| STATE STREET CORP 0.00% of their portfolio | 1.4m $16.0m | Added +212.3k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 1.3m $15.3m | Added +382.2k |
| Inherent Management Corp. 11.34% of their portfolio | 1.2m $14.1m | First filing |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 959.5k $11.2m | Reduced -651.4k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 915.4k $10.6m | Added +195.6k |
| Amitell Capital Pte Ltd 8.16% of their portfolio | 776.6k $9.0m | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 692.2k $8.1m | Added +11.7k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 597.7k $7.0m | Added +67.2k |
| FIL Ltd 0.01% of their portfolio | 532.0k $6.2m | Reduced -44.7k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 512.5k $6.0m | Reduced -86.7k |
| VANGUARD GROUP INC 0.00% of their portfolio | 414.1k $4.8m | Added +18.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 403.6k $4.7m | Reduced -481.1k |
| MORGAN STANLEY 0.00% of their portfolio | 311.1k $3.6m | Reduced -22.8k |
| Capital International Investors 0.00% of their portfolio | 251.3k $2.9m | Reduced -570.9k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 238.8k $2.8m | Reduced -197.4k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 206.8k $2.4m | Added +42.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 177.4k $2.1m | Added +1.2k |
| Robeco Institutional Asset Management B.V. 0.00% of their portfolio | 150.0k $1.7m | Unchanged |
| Trexquant Investment LP 0.02% of their portfolio | 149.5k $1.7m | Reduced -24.5k |
| Castalian Partners, LLC 1.54% of their portfolio | 140.2k $1.6m | First filing |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 135.3k $1.6m | Added +5.9k |
| FEDERATED HERMES, INC. 0.00% of their portfolio | 135.0k $1.6m | Added +40.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 134.9k $1.6m | Reduced -2.3k |
| Aurora Investment Counsel 0.80% of their portfolio | 125.4k $1.5m | Added +45 |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 123.8k $1.4m | Reduced -107.1k |
| ExodusPoint Capital Management, LP 0.01% of their portfolio | 110.2k $1.3m | Reduced -96.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 107.1k $1.2m | Added +25.6k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 99.8k $1.2m | Added +14.5k |
| GSA CAPITAL PARTNERS LLP 0.08% of their portfolio | 90.4k $1.1m | Added +34.4k |
| BARCLAYS PLC 0.00% of their portfolio | 88.5k $1.0m | Added +9.5k |
| Nebula Research & Development LLC 0.11% of their portfolio | 81.6k $948.6k | Reduced -41.6k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 76.8k $893.1k | Reduced -218 |
| MARTINGALE ASSET MANAGEMENT L P 0.02% of their portfolio | 74.5k $866.7k | Reduced -370 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 72.3k $840.4k | New |
| HRT FINANCIAL LP 0.00% of their portfolio | 69.8k $811.0k | Added +13.1k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 69.5k $808.3k | First filing |
| TT Capital Management LLC 0.61% of their portfolio | 68.2k $766.5k | First filing |
| Creative Planning 0.00% of their portfolio | 59.9k $696.6k | New |
| EAGLE HARBOR ASSET MANAGEMENT INC /ADV 0.69% of their portfolio | 59.5k $692.4k | Reduced -7.6k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 58.4k $678.8k | Reduced -20.8k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 56.0k $651.4k | Reduced -3.9k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 55.9k $649.5k | Added +16.5k |
| Invesco Ltd. 0.00% of their portfolio | 54.4k $632.1k | Reduced -5.2k |
| TimesSquare Capital Management, LLC 0.01% of their portfolio | 53.7k $624.5k | New |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 52.0k $604.1k | Reduced -1.8k |
| PENSION & WEALTH MANAGEMENT ADVISORS, INC. 0.24% of their portfolio | 51.0k $593.5k | Reduced -2.8k |
| AVIVA PLC 0.00% of their portfolio | 50.7k $590.1k | Reduced -6.1k |
| CITIGROUP INC 0.00% of their portfolio | 48.6k $565.3k | Reduced -270.0k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 47.4k $552.0k | Added +19.0k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 43.9k $511.1k | Reduced -136.9k |
| Legal & General Group Plc 0.00% of their portfolio | 42.2k $491.1k | Added +14.1k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 39.6k $460.9k | Reduced -7.6k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 39.1k $454.6k | Added +13.4k |
| ALGERT GLOBAL LLC 0.01% of their portfolio | 38.0k $442.2k | Added +21.4k |
| Aquatic Capital Management LLC 0.01% of their portfolio | 37.5k $436.5k | New |
| M&T Bank Corp 0.00% of their portfolio | 37.2k $432.8k | Reduced -22.9k |
| Formidable Asset Management, LLC 0.07% of their portfolio | 36.5k $424.9k | New |
| Tidal Investments LLC 0.00% of their portfolio | 36.5k $424.9k | New |
| MetLife Investment Management, LLC 0.00% of their portfolio | 36.1k $420.0k | Added +4.1k |
| Yorktown Management & Research Co Inc 0.38% of their portfolio | 34.0k $395.4k | New |
| Empirical Asset Management, LLC 0.01% of their portfolio | 33.6k $33.6k | New |
| INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 32.5k $377.7k | Added +14.6k |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 31.8k $369.9k | First filing |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 31.6k $367.4k | Added +1.5k |
| Engineers Gate Manager LP 0.01% of their portfolio | 29.2k $339.5k | Reduced -104.3k |
| Squarepoint Ops LLC 0.00% of their portfolio | 29.0k $337.3k | Reduced -2.9k |
| XTX Topco Ltd 0.03% of their portfolio | 28.7k $333.2k | New |
| Corebridge Financial, Inc. 0.00% of their portfolio | 27.8k $322.9k | Reduced -1.6k |
| Solstein Capital, LLC 0.17% of their portfolio | 26.3k $305.9k | Unchanged |
| SG Americas Securities, LLC 0.00% of their portfolio | 25.8k $300.0k | Added +6.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 22.3k $260.0k | Added +4.5k |
| Wellington Shields Capital Management, LLC 0.04% of their portfolio | 21.5k $250.0k | Reduced -18.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 20.1k $233.6k | Reduced -346 |
| Wellington Shields & Co., LLC 0.07% of their portfolio | 18.4k $214.0k | Reduced -14.0k |
| MAI Capital Management 0.00% of their portfolio | 18.0k $209.3k | New |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 17.2k $199.7k | New |
| Quantinno Capital Management LP 0.00% of their portfolio | 16.7k $194.0k | New |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 16.5k $191.4k | Reduced -1.8k |
| Mondrian Investment Partners LTD 0.00% of their portfolio | 16.5k $195.6k | Reduced -97.0k |
| ProShare Advisors LLC 0.00% of their portfolio | 15.7k $182.9k | Added +5.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 15.7k $182.4k | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 14.4k $167.1k | Unchanged |
| Ethic Inc. 0.00% of their portfolio | 13.9k $161.4k | Reduced -2.4k |
| Y-Intercept (Hong Kong) Ltd 0.01% of their portfolio | 13.5k $157.6k | Reduced -32.4k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 13.3k $154.7k | Added +3.7k |
| Allegheny Financial Group 0.04% of their portfolio | 13.1k $152.8k | Reduced -10.1k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 13.1k $152.4k | New |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 12.7k $147.7k | New |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 10.5k $121.9k | New |
| AXQ CAPITAL, LP 0.05% of their portfolio | 10.1k $117.1k | Reduced -2.7k |
| QUADRANT CAPITAL GROUP LLC 0.01% of their portfolio | 9.7k $112.7k | Added +6.8k |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 7.7k $89.0k | Added +765 |