JBS N.V. JBS
CL A SHS · Common Stock · CUSIP N4732M103
- SectorConsumer staples
- IndustryMeat Packing Plants
- 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 ($228.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $17.95. Options: 11 managers hold calls ($222.2m notional), 8 hold puts ($21.6m).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q4 2023 | 1 |
| Q1 2024 | 0 |
| Q2 2024 | 1 |
| Q3 2024 | 0 |
| Q4 2024 | 0 |
| Q1 2025 | 0 |
| Q2 2025 | 169 |
| Q3 2025 | 233 |
| Q4 2025 | 239 |
| Q1 2026 | 249 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2025 | 171 | 74 |
| Q4 2025 | 134 | 109 |
| Q1 2026 | 146 | 102 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $93.6m | $1.1m | 0.01 |
| Q3 2025 | $263.0m | $90.3m | 0.34 |
| Q4 2025 | $195.3m | $83.9m | 0.43 |
| Q1 2026 | $222.2m | $21.6m | 0.10 |
Biggest buyers
| Davis Selected Advisers | Added | +14.4m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +4.1m |
| BlackRock, Inc. | Added | +3.3m |
| TWO SIGMA INVESTMENTS, LP | Added | +3.1m |
| NEUBERGER BERMAN GROUP LLC | New | +1.6m |
| MARSHALL WACE, LLP | Added | +1.6m |
| LSV ASSET MANAGEMENT | Added | +1.3m |
| BRANDES INVESTMENT PARTNERS, LP | Added | +1.3m |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | Added | +909.1k |
| RAYMOND JAMES FINANCIAL INC | Added | +813.9k |
Biggest sellers
| Woodline Partners LP | Reduced | -3.4m |
| CITADEL ADVISORS LLC | Reduced | -2.0m |
| MASON CAPITAL MANAGEMENT LLC | Sold out | -1.3m |
| Point72 Asset Management, L.P. | Sold out | -1.1m |
| Carrhae Capital LLP | Reduced | -1.1m |
| Maple Rock Capital Partners Inc. | Sold out | -985.1k |
| D. E. Shaw & Co., Inc. | Reduced | -815.7k |
| Balyasny Asset Management L.P. | Reduced | -814.9k |
| WINTON GROUP Ltd | Reduced | -770.4k |
| Praetorian PR LLC | Sold out | -750.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $85.3m4.7m shares |
| GROUP ONE TRADING LLC | Added | $58.4m3.3m shares |
| JANE STREET GROUP, LLC | Added | $42.3m2.4m shares |
| PEAK6 LLC | Reduced | $12.6m702.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $9.9m552.0k shares |
| CITADEL ADVISORS LLC | Reduced | $2.7m152.7k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $2.7m150.0k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $2.6m145.0k shares |
| Walleye Trading LLC | New | $2.6m142.8k shares |
| TUDOR INVESTMENT CORP ET AL | New | $2.3m129.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $9.6m536.8k shares |
| CITADEL ADVISORS LLC | Reduced | $5.5m304.4k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $2.1m114.5k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $1.8m100.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.5m82.9k shares |
| JANE STREET GROUP, LLC | Reduced | $607.0k33.8k shares |
| GROUP ONE TRADING LLC | Reduced | $461.6k25.7k shares |
| Walleye Trading LLC | New | $122.1k6.8k 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 |
|---|---|
| J&F S.A. 13G · exempt (held before listing) new · filed 2025-08-14 | 48.3% |
| BNDES Participacoes S.A. 13G · exempt (held before listing) new · filed 2025-08-14 | 24.8% |
| DAVIS SELECTED ADVISERS 13G · institution new · filed 2026-08-12 | 6.5% |
Fell to 5% or below in the last year: Capital Research Global Investors (4.4%, 2026-08-12)
Insider purchases and sales in Q1 2026
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 Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BNDES Participacoes S.A. 100.00% of their portfolio | 199.3m $3.6bn | Unchanged |
| BlackRock, Inc. 0.01% of their portfolio | 28.8m $517.7m | Added +3.3m |
| Davis Selected Advisers 2.16% of their portfolio | 26.2m $471.4m | Added +14.4m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.07% of their portfolio | 7.7m $138.1m | Added +4.1m |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 6.7m $120.4m | Reduced -136.1k |
| D. E. Shaw & Co., Inc. 0.09% of their portfolio | 6.4m $114.8m | Reduced -815.7k |
| STATE STREET CORP 0.00% of their portfolio | 6.2m $110.6m | Added +19.7k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 5.3m $94.8m | Added +596.0k |
| Alberta Investment Management Corp 0.56% of their portfolio | 5.0m $90.2m | Added +402.0k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 3.8m $67.8m | Added +813.9k |
| MORGAN STANLEY 0.00% of their portfolio | 3.6m $64.8m | Reduced -502.4k |
| MARSHALL WACE, LLP 0.07% of their portfolio | 3.6m $64.7m | Added +1.6m |
| TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio | 3.6m $64.2m | Added +3.1m |
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT 3.14% of their portfolio | 3.4m $60.4m | Added +423.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 3.1m $56.1m | Added +530.0k |
| BRANDES INVESTMENT PARTNERS, LP 0.38% of their portfolio | 3.0m $53.6m | Added +1.3m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 2.8m $50.0m | Added +289.8k |
| VAN ECK ASSOCIATES CORP 0.04% of their portfolio | 2.7m $49.2m | Added +359.5k |
| Carrhae Capital LLP 3.23% of their portfolio | 2.5m $45.7m | Reduced -1.1m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.4m $42.9m | Reduced -82.1k |
| Qube Research & Technologies Ltd 0.05% of their portfolio | 1.8m $33.1m | Added +455.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.7m $30.3m | Reduced -178.3k |
| CITIGROUP INC 0.02% of their portfolio | 1.7m $30.2m | Added +477.4k |
| Ramirez Asset Management, Inc. 3.56% of their portfolio | 1.7m $29.6m | Added +381.4k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 1.6m $29.4m | Reduced -581.3k |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 1.6m $28.3m | New |
| Legal & General Group Plc 0.01% of their portfolio | 1.5m $26.6m | Reduced -153.2k |
| Jump Financial, LLC 0.37% of their portfolio | 1.4m $25.3m | Reduced -246.1k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.4m $24.4m | Added +116.4k |
| LSV ASSET MANAGEMENT 0.05% of their portfolio | 1.4m $24.5m | Added +1.3m |
| HRT FINANCIAL LP 0.09% of their portfolio | 1.3m $24.1m | Reduced -29.2k |
| UBS Group AG 0.00% of their portfolio | 1.3m $24.0m | Added +695.1k |
| Loews Corp 0.20% of their portfolio | 1.3m $23.9m | Unchanged |
| Woodline Partners LP 0.08% of their portfolio | 1.1m $20.0m | Reduced -3.4m |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.02% of their portfolio | 963.7k $17.3m | Added +909.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 873.1k $15.7m | Added +27.4k |
| Quinn Opportunity Partners LLC 0.82% of their portfolio | 872.9k $15.7m | Added +27.0k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 777.3k $14.0m | Added +44.5k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.01% of their portfolio | 766.7k $13.8m | First filing |
| SG Americas Securities, LLC 0.01% of their portfolio | 746.8k $13.4m | Added +398.4k |
| Private Advisory Group LLC 0.90% of their portfolio | 720.8k $12.9m | Added +9.3k |
| Nuveen, LLC 0.00% of their portfolio | 710.0k $12.8m | Reduced -23.1k |
| COHEN & STEERS, INC. 0.02% of their portfolio | 695.8k $12.5m | Added +37.5k |
| Duquesne Family Office LLC 0.40% of their portfolio | 655.9k $11.8m | New |
| California Public Employees Retirement System 0.01% of their portfolio | 630.1k $11.3m | Reduced -77.9k |
| Robeco Institutional Asset Management B.V. 0.02% of their portfolio | 622.8k $11.2m | Added +180.0k |
| ExodusPoint Capital Management, LP 0.10% of their portfolio | 564.3k $10.1m | Added +477.3k |
| Rivermont Capital Management LP 2.08% of their portfolio | 550.0k $9.9m | New |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 543.0k $9.8m | Added +87.7k |
| Bayberry Capital Partners LP 3.21% of their portfolio | 541.6k $9.7m | Reduced -460.4k |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 487.7k $8.8m | Reduced -1.4k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 484.1k $8.7m | Reduced -218.2k |
| Amundi 0.00% of their portfolio | 457.7k $8.2m | Added +67.6k |
| NewEdge Wealth, LLC 0.09% of their portfolio | 403.8k $7.3m | Added +63.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 399.3k $7.2m | Added +287.4k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 393.6k $7.1m | Added +232.7k |
| Invesco Ltd. 0.00% of their portfolio | 376.7k $6.8m | Added +163.9k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 374.8k $6.7m | Added +10.9k |
| Quantbot Technologies LP 0.27% of their portfolio | 372.1k $6.7m | Reduced -19.2k |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 371.6k $6.7m | Reduced -65.8k |
| Engineers Gate Manager LP 0.08% of their portfolio | 369.4k $6.6m | Reduced -605.8k |
| Schonfeld Strategic Advisors LLC 0.05% of their portfolio | 368.5k $6.6m | Added +304.0k |
| Journey Advisory Group, LLC 0.57% of their portfolio | 367.9k $6.6m | Reduced -20.7k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 361.0k $6.5m | Added +155.0k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.01% of their portfolio | 359.6k $6.5m | Added +216.3k |
| Cinctive Capital Management LP 0.42% of their portfolio | 353.5k $6.3m | Reduced -717.0k |
| Atom Investors LP 0.44% of their portfolio | 344.6k $6.2m | Added +146.2k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 343.0k $6.2m | Added +1.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 329.9k $5.9m | New |
| Public Sector Pension Investment Board 0.02% of their portfolio | 325.4k $5.8m | Unchanged |
| MIRABELLA FINANCIAL SERVICES LLP 0.51% of their portfolio | 294.5k $5.3m | Added +23.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 292.7k $5.3m | Added +137.0k |
| Trexquant Investment LP 0.04% of their portfolio | 291.8k $5.2m | Added +141.3k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 288.1k $5.2m | Reduced -138.5k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 283.6k $5.1m | First filing |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 280.1k $5.0m | Added +2.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 279.7k $5.0m | Added +103.3k |
| Man Group plc 0.01% of their portfolio | 218.8k $3.9m | Added +167.6k |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.18% of their portfolio | 204.1k $3.3m | New |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 196.7k $3.5m | Added +12.5k |
| Banco BTG Pactual S.A. 0.67% of their portfolio | 191.1k $3.4m | New |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 189.0k $3.4m | Added +12.1k |
| Brevan Howard Capital Management LP 0.03% of their portfolio | 180.8k $3.2m | New |
| Steadtrust LLC 1.80% of their portfolio | 176.6k $3.2m | Added +3.0k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 171.5k $3.1m | Added +59.3k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 168.9k $3.0m | Added +19.2k |
| LONGFELLOW INVESTMENT MANAGEMENT CO LLC 0.60% of their portfolio | 161.1k $2.9m | Unchanged |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 159.6k $2.9m | Reduced -814.9k |
| Korea Investment CORP 0.01% of their portfolio | 158.3k $2.8m | Added +3.2k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.02% of their portfolio | 157.4k $2.8m | Unchanged |
| BOOTHBAY FUND MANAGEMENT, LLC 0.06% of their portfolio | 151.0k $2.7m | New |
| QUATTRO FINANCIAL ADVISORS LLC 0.82% of their portfolio | 150.0k $2.7m | New |
| STRATEGY ASSET MANAGERS LLC 0.44% of their portfolio | 149.2k $2.7m | New |
| Capital Research Global Investors 0.00% of their portfolio | 144.3k $2.5m | Reduced -4.3k |
| LPL Financial LLC 0.00% of their portfolio | 129.2k $2.3m | Added +39.3k |
| LEVIN CAPITAL STRATEGIES, L.P. 0.17% of their portfolio | 127.7k $2.3m | Reduced -112.4k |
| Quantinno Capital Management LP 0.00% of their portfolio | 122.6k $2.2m | Added +55.3k |
| Mitsubishi UFJ Trust & Banking Corp 0.01% of their portfolio | 122.4k $2.2m | Reduced -75.3k |
| IPG Investment Advisors LLC 0.37% of their portfolio | 120.8k $2.2m | Added +10.3k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 115.5k $2.1m | Added +25.6k |