Vault-13

JBS N.V. JBS

CL A SHS · Common Stock · CUSIP N4732M103

169 institutional holders
77,484,13677.5m shares reported held*
$1.1bnreported value*

* 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 ($1.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $14.60. Options: 10 managers hold calls ($93.6m notional), 5 hold puts ($1.1m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q4 23: 1Q1 24: 0Q2 24: 1Q3 24: 0Q4 24: 0Q1 25: 0Q2 25: 169169Q4 23Q2 24Q4 24Q2 25
Numbers
QuarterHolders
Q4 20231
Q1 20240
Q2 20241
Q3 20240
Q4 20240
Q1 20250
Q2 2025169

Calls vs puts

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

CallsPuts
$0$25m$50m$75m$100mQ3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $93.6mQ2 25 puts: $1.1mQ2 25P/C 0.01
Numbers
QuarterCallsPutsP/C
Q3 2024$0$0—
Q4 2024$0$0—
Q1 2025$0$0—
Q2 2025$93.6m$1.1m0.01

Biggest buyers

JPMORGAN CHASE & CO New +11,086,146+11.1m
MORGAN STANLEY New +7,554,358+7.6m
STATE STREET CORP New +5,756,926+5.8m
MILLENNIUM MANAGEMENT LLC New +4,468,515+4.5m
BANK OF AMERICA CORP /DE/ New +3,815,143+3.8m
VAN ECK ASSOCIATES CORP New +3,471,405+3.5m
Verition Fund Management LLC New +2,479,511+2.5m
Maple Rock Capital Partners Inc. New +2,213,706+2.2m
GEODE CAPITAL MANAGEMENT, LLC New +2,127,900+2.1m
Candlestick Capital Management LP New +2,029,657+2.0m

Biggest sellers

None

Biggest calls

TOMS Capital Investment Management LP New $43.8m3.0m shares
GOLDMAN SACHS GROUP INC New $43.4m3.0m shares
BANK OF AMERICA CORP /DE/ New $2.7m188.1k shares
MILLENNIUM MANAGEMENT LLC New $2.2m150.0k shares
Verition Fund Management LLC New $730.5k50.0k shares
CITADEL ADVISORS LLC New $438.3k30.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $248.4k17.0k shares
SIMPLEX TRADING, LLC New $64.0k4.4k shares
GROUP ONE TRADING LLC New $5.8k400 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. New $00 shares

Biggest puts

SIMPLEX TRADING, LLC New $423.0k29.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $298.0k20.4k shares
BANK OF AMERICA CORP /DE/ New $292.2k20.0k shares
GROUP ONE TRADING LLC New $48.2k3.3k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. New $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
J&F S.A. 13G · exempt (held before listing) new · filed 2025-08-14 48.3% new 536.1m≈ $6.4bn 2025-08-14
BNDES Participacoes S.A. 13G · exempt (held before listing) new · filed 2025-08-14 24.8% new 201.7m≈ $2.4bn 2025-08-14
DAVIS SELECTED ADVISERS 13G · institution new · filed 2026-08-12 6.5% new 50.0m≈ $592.7m 2026-08-12

Fell to 5% or below in the last year: Capital Research Global Investors (4.4%, 2026-08-12)

Insider purchases and sales in Q2 2025

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 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 11,086,14611.1m $162.0m $162.0m 0.01% New
2 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 7,554,3587.6m $110.4m $110.4m 0.01% New
3 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 5,756,9265.8m $84.1m $84.1m 0.00% New
4 MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 4,468,5154.5m $65.3m $65.3m 0.06% New
5 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 3,815,1433.8m $55.7m $55.7m 0.00% New
6 VAN ECK ASSOCIATES CORP 0.06% of their portfolio NEW YORK, NY 3,471,4053.5m $50.7m $50.7m 0.06% New
7 Verition Fund Management LLC 0.21% of their portfolio GREENWICH, CT 2,479,5112.5m $36.2m $36.2m 0.21% New
8 Maple Rock Capital Partners Inc. 1.62% of their portfolio Toronto, A6 2,213,7062.2m $32.3m $32.3m 1.62% New
9 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 2,127,9002.1m $31.1m $31.1m 0.00% New
10 Candlestick Capital Management LP 0.98% of their portfolio GREENWICH, CT 2,029,6572.0m $29.7m $29.7m 0.98% New
11 DENDUR CAPITAL LP 2.66% of their portfolio NEW YORK, NY 1,920,0001.9m $28.1m $28.1m 2.66% New
12 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,733,3231.7m $25.3m $25.3m 0.00% New
13 Hartree Partners, LP 6.33% of their portfolio NEW YORK, NY 1,522,9741.5m $22.3m $22.3m 6.33% New
14 Alberta Investment Management Corp 0.16% of their portfolio EDMONTON, A0 1,384,3001.4m $20.2m $20.2m 0.16% New
15 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,350,5501.4m $19.7m $19.7m 0.00% New
16 Legal & General Group Plc 0.00% of their portfolio London, X0 1,334,0861.3m $19.5m $19.5m 0.00% New
17 Loews Corp 0.16% of their portfolio New York, NY 1,330,0001.3m $19.4m $19.4m 0.16% New
18 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 1,155,8601.2m $16.9m $16.9m 0.02% New
19 Flat Footed LLC 3.49% of their portfolio WILSON, WY 888,426888.4k $13.0m $13.0m 3.49% New
20 Bayberry Capital Partners LP 4.16% of their portfolio NEW YORK, NY 862,815862.8k $12.6m $12.6m 4.16% New
21 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 822,649822.6k $12.0m $12.0m 0.00% New
22 Ramirez Asset Management, Inc. 1.80% of their portfolio NEW YORK, NY 814,236814.2k $11.9m $11.9m 1.80% New
23 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 776,173776.2k $11.3m $11.3m 0.00% New
24 Sagil Capital LLP 5.13% of their portfolio LONDON, X0 652,650652.6k $9.5m $9.5m 5.13% New
25 BW Gestao de Investimentos Ltda. 0.83% of their portfolio SAO PAULO, D5 602,000602.0k $8.8m $8.8m 0.83% New
26 MOORE CAPITAL MANAGEMENT, LP 0.17% of their portfolio NEW YORK, NY 570,549570.5k $8.3m $8.3m 0.17% New
27 Private Advisory Group LLC 0.77% of their portfolio REDMOND, WA 563,619563.6k $8.2m $8.2m 0.77% New
28 Burkehill Global Management, LP 0.54% of their portfolio NEW YORK, NY 500,000500.0k $7.3m $7.3m 0.54% New
29 Rivermont Capital Management LP 2.22% of their portfolio NEW YORK, NY 476,250476.2k $7.0m $7.0m 2.22% New
30 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 421,372421.4k $6.2m $6.2m 0.00% New
31 DISCOVERY CAPITAL MANAGEMENT, LLC / CT 0.48% of their portfolio SOUTH NORWALK, CT 417,700417.7k $6.1m $6.1m 0.48% New
32 Woodline Partners LP 0.03% of their portfolio San Francisco, CA 404,526404.5k $5.9m $5.9m 0.03% New
33 Journey Advisory Group, LLC 0.45% of their portfolio COVINGTON, KY 393,565393.6k $5.7m $5.7m 0.45% New
34 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 375,784375.8k $5.5m $5.5m 0.00% New
35 Cinctive Capital Management LP 0.31% of their portfolio New York, NY 374,666374.7k $5.5m $5.5m 0.31% New
36 HRT FINANCIAL LP 0.03% of their portfolio NEW YORK, NY 364,747364.7k $5.3m $5.3m 0.03% New
37 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 356,324356.3k $5.2m $5.2m 0.01% New
38 SG Americas Securities, LLC 0.02% of their portfolio NEW YORK, NY 351,943351.9k $5.1m $5.1m 0.02% New
39 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 348,921348.9k $5.1m $5.1m 0.00% New
40 BTG Pactual Asset Management US LLC 0.67% of their portfolio NEW YORK, NY 340,317340.3k $5.0m $5.0m 0.67% New
41 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 340,095340.1k $5.0m $5.0m 0.00% New
42 Public Sector Pension Investment Board 0.02% of their portfolio MONTREAL, A8 329,046329.0k $4.8m $4.8m 0.02% New
43 COHEN & STEERS, INC. 0.01% of their portfolio NEW YORK, NY 323,099323.1k $4.7m $4.7m 0.01% New
44 NewEdge Wealth, LLC 0.07% of their portfolio STAMFORD, CT 302,887302.9k $4.3m $4.3m 0.07% New
45 Allianz Asset Management GmbH 0.01% of their portfolio MUNICH, 2M 279,288279.3k $4.1m $4.1m 0.01% New
46 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 275,066275.1k $4.0m $4.0m 0.00% New
47 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.03% of their portfolio Stamford, CT 274,315274.3k $4.0m $4.0m 0.03% New
48 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 268,350268.4k $3.9m $3.9m 0.00% New
49 BARDIN HILL MANAGEMENT PARTNERS LP 2.43% of their portfolio NEW YORK, NY 265,908265.9k $3.9m $3.9m 2.43% New
50 Vestcor Inc 0.12% of their portfolio FREDERICTON, A3 265,783265.8k $3.9m $3.9m 0.12% New
51 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 257,977258.0k $3.8m $3.8m 0.01% New
52 OAKTREE CAPITAL MANAGEMENT LP 0.07% of their portfolio LOS ANGELES, CA 238,610238.6k $3.5m $3.5m 0.07% New
53 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 228,446228.4k $3.3m $3.3m 0.00% New
54 Schonfeld Strategic Advisors LLC 0.03% of their portfolio NEW YORK, NY 227,793227.8k $3.3m $3.3m 0.03% New
55 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 219,375219.4k $3.2m $3.2m 0.01% New
56 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 200,368200.4k $2.9m $2.9m 0.00% New
57 LAKEWOOD CAPITAL MANAGEMENT, LP 0.21% of their portfolio New York, NY 190,000190.0k $2.8m $2.8m 0.21% New
58 Itau Unibanco Holding S.A. 0.09% of their portfolio SAO PAULO, D5 181,570181.6k $2.3m $2.3m 0.09% New
59 Steadtrust LLC 1.96% of their portfolio ALLEN, TX 170,330170.3k $2.5m $2.5m 1.96% First filing
60 ExodusPoint Capital Management, LP 0.03% of their portfolio NEW YORK, NY 170,000170.0k $2.5m $2.5m 0.03% New
61 CWA Asset Management Group, LLC 0.10% of their portfolio NAPLES, FL 165,685165.7k $2.4m $2.4m 0.10% New
62 Alpine Global Management, LLC 0.52% of their portfolio NEW YORK, NY 155,000155.0k $2.3m $2.3m 0.52% New
63 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.01% of their portfolio VICTORIA, A1 151,600151.6k $2.2m $2.2m 0.01% New
64 LEVIN CAPITAL STRATEGIES, L.P. 0.21% of their portfolio NEW YORK, NY 144,921144.9k $2.1m $2.1m 0.21% New
65 Capital Research Global Investors 0.00% of their portfolio Los Angeles, CA 144,513144.5k $2.1m $2.1m 0.00% New
66 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 140,187140.2k $2.0m $2.0m 0.00% New
67 GOLDENTREE ASSET MANAGEMENT LP 0.19% of their portfolio NEW YORK, NY 135,659135.7k $2.0m $2.0m 0.19% New
68 Ovata Capital Management Ltd 0.38% of their portfolio HONG KONG, K3 120,409120.4k $1.8m $1.8m 0.38% New
69 Man Group plc 0.00% of their portfolio LONDON, X0 111,746111.7k $1.6m $1.6m 0.00% New
70 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 108,861108.9k $1.6m $1.6m 0.00% New
71 LONGFELLOW INVESTMENT MANAGEMENT CO LLC 0.37% of their portfolio BOSTON, MA 103,078103.1k $1.5m $1.5m 0.37% New
72 Advisors Asset Management, Inc. 0.03% of their portfolio Monument, CO 100,127100.1k $1.5m $1.5m 0.03% New
73 Virtu Financial LLC 0.07% of their portfolio New York, NY 99,50099.5k $1.5m $1.5m 0.07% New
74 Police & Firemen's Retirement System of New Jersey 0.01% of their portfolio TRENTON, NJ 98,06498.1k $1.4m $1.4m 0.01% New
75 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 97,14497.1k $1.4m $1.4m 0.00% New
76 MYDA Advisors LLC 0.39% of their portfolio WOODMERE, NY 95,00095.0k $1.4m $1.4m 0.39% New
77 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 92,86092.9k $1.4m $1.4m 0.00% New
78 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 83,83983.8k $1.2m $1.2m 0.00% New
79 BOOTHBAY FUND MANAGEMENT, LLC 0.03% of their portfolio NEW YORK, NY 77,75177.8k $1.1m $1.1m 0.03% New
80 Walnut Level Capital LLC 0.88% of their portfolio DENVER, CO 75,00075.0k $1.1m $1.1m 0.88% New
81 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 73,92373.9k $1.1m $1.1m 0.00% New
82 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 73,81873.8k $1.1m $1.1m 0.00% New
83 Mitsubishi UFJ Trust & Banking Corp 0.00% of their portfolio TOKYO, M0 73,20073.2k $1.1m $1.1m 0.00% New
84 K2 PRINCIPAL FUND, L.P. 0.19% of their portfolio TORONTO, A6 69,94469.9k $1.0m $1.0m 0.19% New
85 WINTON GROUP Ltd 0.05% of their portfolio LONDON, X0 62,70062.7k $916.0k $916.0k 0.05% New
86 Asset Management One Co., Ltd. 0.00% of their portfolio TOKYO, M0 57,30057.3k $837.2k $837.2k 0.00% New
87 Dauntless Investment Group, LLC 3.71% of their portfolio Milford, MI 57,02857.0k $788.4k $788.4k 3.71% Not comparable
88 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 56,48256.5k $825.2k $825.2k 0.00% New
89 Scientech Research LLC 0.20% of their portfolio JERSEY CITY, NJ 55,88655.9k $816.5k $816.5k 0.20% New
90 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 53,89953.9k $787.5k $787.5k 0.00% New
91 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 53,00953.0k $774.5k $774.5k 0.00% New
92 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 52,64852.6k $769.2k $769.2k 0.00% New
93 FEDERATED HERMES, INC. 0.00% of their portfolio PITTSBURGH, PA 48,82748.8k $713.4k $713.4k 0.00% New
94 Engineers Gate Manager LP 0.01% of their portfolio NEW YORK, NY 39,60039.6k $578.6k $578.6k 0.01% New
95 PRELUDE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio NEW YORK, NY 39,56839.6k $578.1k $578.1k 0.06% New
96 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 39,17739.2k $572.4k $572.4k 0.00% New
97 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 38,90438.9k $568.4k $568.4k 0.00% New
98 DELTEC ASSET MANAGEMENT LLC 0.09% of their portfolio New York, NY 35,90035.9k $524.5k $524.5k 0.09% New
99 Greenland Capital Management LP 0.07% of their portfolio NEW YORK, NY 35,76635.8k $522.5k $522.5k 0.07% New
100 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 35,40035.4k $527.7k $527.7k 0.00% New