Vault-13

PATRIA LATIN AMRCN OPPRNTY A

CLASS A ORD SHS · CUSIP G69454109

21 institutional holders -11 vs Q1 2024
4,485,1034.5m shares reported held*
$51.3mreported value*
5 new 2 added 10 reduced 16 sold out net sold ≈ $140.4m (-12.3m 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 ≈ $11.43.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 44Q4 22: 46Q1 23: 50Q2 23: 34Q3 23: 35Q4 23: 34Q1 24: 32Q2 24: 2121Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202244
Q4 202246
Q1 202350
Q2 202334
Q3 202335
Q4 202334
Q1 202432
Q2 202421

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 15 bought or addedQ4 22: 18 cut or sold outQ4 22Q1 23: 18 bought or addedQ1 23: 11 cut or sold outQ2 23: 21 bought or addedQ2 23: 35 cut or sold outQ2 23Q3 23: 11 bought or addedQ3 23: 12 cut or sold outQ4 23: 10 bought or addedQ4 23: 11 cut or sold outQ4 23Q1 24: 9 bought or addedQ1 24: 13 cut or sold outQ2 24: 7 bought or addedQ2 24: 26 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20221518
Q1 20231811
Q2 20232135
Q3 20231112
Q4 20231011
Q1 2024913
Q2 2024726

Biggest buyers

Meteora Capital, LLC Added +256,349+256.3k
K2 PRINCIPAL FUND, L.P. New +120,100+120.1k
TWO SIGMA SECURITIES, LLC New +12,987+13.0k
GEODE CAPITAL MANAGEMENT, LLC New +10,415+10.4k
CLEAR STREET LLC New +100+100
UBS Group AG New +30+30
Virtu Financial LLC Added +8+8

Biggest sellers

BERKLEY W R CORP Reduced -1,271,447-1.3m
Westchester Capital Management, LLC Reduced -1,146,941-1.1m
Linden Advisors LP Sold out -1,000,000-1.0m
HGC Investment Management Inc. Sold out -900,000-900.0k
PICTON MAHONEY ASSET MANAGEMENT Sold out -892,603-892.6k
HSBC HOLDINGS PLC Sold out -759,399-759.4k
Polar Asset Management Partners Inc. Sold out -750,000-750.0k
KIM, LLC Reduced -740,860-740.9k
First Trust Capital Management L.P. Reduced -706,304-706.3k
Radcliffe Capital Management, L.P. Sold out -575,650-575.6k

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
METEORA CAPITAL, LLC 13G · institution no change · filed 2025-08-14 9.9% no change 450.0k 2025-08-14

Fell to 5% or below in the last year: Westchester Capital Management, LLC (0.0%, 2026-02-13), GLAZER CAPITAL, LLC (0.0%, 2026-02-12), AQR CAPITAL MANAGEMENT LLC (0.0%, 2026-02-11), MIZUHO FINANCIAL GROUP INC (0.0%, 2025-11-13)

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 First Trust Capital Management L.P. 1.01% of their portfolio CHICAGO, IL 969,800969.8k $11.1m $11.1m 1.01% Reduced -706.3k -706,304
2 Meteora Capital, LLC 1.77% of their portfolio Boca Raton, FL 830,426830.4k $9.5m $9.5m 1.77% Added +256.3k +256,349
3 Westchester Capital Management, LLC 0.22% of their portfolio VALHALLA, NY 442,691442.7k $5.1m $5.1m 0.22% Reduced -1.1m -1,146,941
4 AQR Arbitrage LLC 0.13% of their portfolio Greenwich, CT 424,999425.0k $4.9m $4.9m 0.13% Reduced -88.6k -88,636
5 GLAZER CAPITAL, LLC 0.35% of their portfolio New York, NY 400,000400.0k $4.6m $4.6m 0.35% Reduced -430.5k -430,508
6 WOLVERINE ASSET MANAGEMENT LLC 0.06% of their portfolio CHICAGO, IL 299,007299.0k $3.4m $3.4m 0.06% Reduced -262.5k -262,533
7 BERKLEY W R CORP 0.16% of their portfolio Greenwich, CT 248,816248.8k $2.8m $2.8m 0.16% Reduced -1.3m -1,271,447
8 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.08% of their portfolio CHICAGO, IL 245,652245.7k $2.8m $2.8m 0.08% Unchanged
9 Periscope Capital Inc. 0.62% of their portfolio Toronto, A6 150,000150.0k $1.7m $1.7m 0.62% Reduced -250.0k -250,000
10 K2 PRINCIPAL FUND, L.P. 0.30% of their portfolio TORONTO, A6 120,100120.1k $1.4m $1.4m 0.30% New
11 MIZUHO SECURITIES USA LLC 0.03% of their portfolio NEW YORK, NY 102,605102.6k $1.2m $1.2m 0.03% Reduced -452.1k -452,136
12 KIM, LLC 0.12% of their portfolio WICHITA, KS 100,000100.0k $1.1m $1.1m 0.12% Reduced -740.9k -740,860
13 COWEN AND COMPANY, LLC 0.01% of their portfolio NEW YORK, NY 46,15646.2k $527.8k $527.8k 0.01% Reduced -559.6k -559,573
14 Walleye Capital LLC 0.01% of their portfolio NEW YORK, NY 44,80044.8k $512.3k $512.3k 0.01% Unchanged
15 Walleye Trading LLC 0.01% of their portfolio NEW YORK, NY 25,20025.2k $288.2k $288.2k 0.01% Unchanged
16 TWO SIGMA SECURITIES, LLC 0.01% of their portfolio NEW YORK, NY 12,98713.0k $148.5k $148.5k 0.01% New
17 Virtu Financial LLC 0.01% of their portfolio New York, NY 11,31911.3k $129.0k $129.0k 0.01% Added +8 +8
18 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 10,41510.4k $119.1k $119.1k 0.00% New
19 CLEAR STREET LLC 0.00% of their portfolio NEW YORK, NY 100100 $1.1k $1.1k 0.00% New
20 UBS Group AG 0.00% of their portfolio ZURICH, V8 3030 $343 $343 0.00% New
21 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged