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 ($2.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $11.86. Options: 17 managers hold calls ($181.8m notional), 6 hold puts ($18.6m).
Trends to Q2 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 |
| Q2 2026 | 270 |
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 |
| Q2 2026 | 157 | 124 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $263.0m | $90.3m | 0.34 |
| Q4 2025 | $195.3m | $83.9m | 0.43 |
| Q1 2026 | $222.2m | $21.6m | 0.10 |
| Q2 2026 | $181.8m | $18.6m | 0.10 |
Biggest buyers
| Davis Selected Advisers | Added | +23.8m |
| D. E. Shaw & Co., Inc. | Added | +4.9m |
| BRANDES INVESTMENT PARTNERS, LP | Added | +4.7m |
| Assenagon Asset Management S.A. | New | +3.7m |
| BlackRock, Inc. | Added | +3.4m |
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT | Added | +2.1m |
| STATE STREET CORP | Added | +1.8m |
| UBS Group AG | Added | +1.7m |
| STRS OHIO | New | +1.4m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +1.3m |
Biggest sellers
| Carrhae Capital LLP | Sold out | -2.5m |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | -2.3m |
| MARSHALL WACE, LLP | Reduced | -2.1m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -1.7m |
| MORGAN STANLEY | Reduced | -1.5m |
| Qube Research & Technologies Ltd | Reduced | -1.4m |
| Jump Financial, LLC | Reduced | -1.4m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -911.5k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -876.8k |
| SG Americas Securities, LLC | Reduced | -709.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $40.3m3.4m shares |
| GROUP ONE TRADING LLC | Reduced | $38.2m3.2m shares |
| UBS Group AG | New | $35.5m3.0m shares |
| JANE STREET GROUP, LLC | Added | $30.2m2.5m shares |
| PEAK6 LLC | Added | $9.9m832.4k shares |
| SIMPLEX TRADING, LLC | Added | $6.7m565.9k shares |
| BNP PARIBAS FINANCIAL MARKETS | New | $5.9m5.0k shares |
| Point72 Asset Management, L.P. | New | $3.5m298.6k shares |
| Walleye Trading LLC | Added | $2.8m238.0k shares |
| Walleye Capital LLC | New | $2.3m196.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $13.4m1.1m shares |
| CITADEL ADVISORS LLC | Reduced | $2.9m243.8k shares |
| SIMPLEX TRADING, LLC | Added | $1.3m109.3k shares |
| GROUP ONE TRADING LLC | Added | $443.2k37.4k shares |
| TUDOR INVESTMENT CORP ET AL | New | $314.0k26.5k shares |
| JANE STREET GROUP, LLC | Reduced | $258.3k21.8k 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 since 1 Apr 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.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 1 | $2.5m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-24 | Cavalcanti Guilherme Perboyre Global CFO and IRO | Sold | $2.5m183.5k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BNDES Participacoes S.A. 100.00% of their portfolio | 199.3m $2.4bn | Reduced -23.4k |
| Davis Selected Advisers 2.54% of their portfolio | 50.0m $592.7m | Added +23.8m |
| BlackRock, Inc. 0.01% of their portfolio | 32.3m $382.4m | Added +3.4m |
| D. E. Shaw & Co., Inc. 0.08% of their portfolio | 11.3m $133.6m | Added +4.9m |
| STATE STREET CORP 0.00% of their portfolio | 8.0m $95.3m | Added +1.8m |
| BRANDES INVESTMENT PARTNERS, LP 0.64% of their portfolio | 7.7m $91.2m | Added +4.7m |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 6.7m $79.3m | Reduced -9.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 6.0m $71.3m | Reduced -1.7m |
| Alberta Investment Management Corp 0.40% of their portfolio | 5.9m $70.0m | Added +880.3k |
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT 2.68% of their portfolio | 5.4m $64.4m | Added +2.1m |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 4.9m $57.9m | Reduced -392.0k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 4.6m $54.0m | Added +768.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 4.0m $46.9m | Added +1.2m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.8m $44.2m | Added +1.3m |
| VAN ECK ASSOCIATES CORP 0.03% of their portfolio | 3.7m $44.3m | Added +1.0m |
| Assenagon Asset Management S.A. 0.03% of their portfolio | 3.7m $43.7m | New |
| UBS Group AG 0.01% of their portfolio | 3.0m $35.6m | Added +1.7m |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 2.7m $31.6m | Reduced -911.5k |
| Ramirez Asset Management, Inc. 2.97% of their portfolio | 2.4m $28.5m | Added +735.0k |
| MORGAN STANLEY 0.00% of their portfolio | 2.1m $24.7m | Reduced -1.5m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.9m $22.7m | Added +447.9k |
| LSV ASSET MANAGEMENT 0.04% of their portfolio | 1.8m $21.0m | Added +406.6k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 1.5m $17.5m | Reduced -2.1m |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 1.4m $17.0m | Reduced -143.8k |
| HRT FINANCIAL LP 0.04% of their portfolio | 1.4m $16.9m | Added +82.5k |
| CITIGROUP INC 0.01% of their portfolio | 1.4m $16.5m | Reduced -286.0k |
| STRS OHIO 0.06% of their portfolio | 1.4m $16.3m | New |
| Loews Corp 0.13% of their portfolio | 1.3m $15.8m | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 1.3m $15.5m | Reduced -172.0k |
| COHEN & STEERS, INC. 0.02% of their portfolio | 1.3m $15.4m | Added +603.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 1.3m $14.9m | Added +854.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.2m $14.2m | Reduced -484.6k |
| Nuveen, LLC 0.00% of their portfolio | 1.2m $14.2m | Added +485.4k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.0m $12.3m | Added +674.8k |
| ARGA Investment Management, LP 0.29% of their portfolio | 952.1k $11.3m | New |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.01% of their portfolio | 943.1k $11.2m | Reduced -20.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 922.1k $10.9m | Added +547.3k |
| Quinn Opportunity Partners LLC 0.48% of their portfolio | 872.9k $10.3m | Unchanged |
| Bayberry Capital Partners LP 3.49% of their portfolio | 855.0k $10.1m | Added +313.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 807.5k $9.6m | Reduced -2.3m |
| Invesco Ltd. 0.00% of their portfolio | 803.9k $9.5m | Added +427.2k |
| Woodline Partners LP 0.03% of their portfolio | 802.6k $9.5m | Reduced -311.8k |
| Cinctive Capital Management LP 0.37% of their portfolio | 790.1k $9.4m | Added +436.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 788.3k $9.3m | Added +458.4k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 759.3k $9.0m | Reduced -876.8k |
| Ovata Capital Management Ltd 0.67% of their portfolio | 756.9k $9.0m | New |
| Private Advisory Group LLC 0.49% of their portfolio | 748.3k $8.9m | Added +27.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 721.9k $8.6m | Reduced -151.1k |
| XTX Topco Ltd 0.11% of their portfolio | 721.5k $8.5m | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 697.4k $8.3m | Added +584.2k |
| Duquesne Family Office LLC 0.18% of their portfolio | 655.9k $7.8m | Unchanged |
| VANGUARD ASSET MANAGEMENT, Ltd 0.01% of their portfolio | 649.5k $7.7m | Reduced -117.2k |
| California Public Employees Retirement System 0.00% of their portfolio | 559.9k $6.6m | Reduced -70.2k |
| Hartree Partners, LP 1.40% of their portfolio | 550.0k $6.5m | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 543.7k $6.4m | Added +462.9k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 508.4k $6.0m | Reduced -268.9k |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 505.3k $6.0m | Added +17.6k |
| NewEdge Wealth, LLC 0.06% of their portfolio | 465.8k $5.5m | Added +62.0k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 441.4k $5.2m | Reduced -1.4m |
| Allianz Asset Management GmbH 0.01% of their portfolio | 432.8k $5.3m | Added +392.4k |
| Amundi 0.00% of their portfolio | 428.2k $5.1m | Reduced -29.4k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 411.3k $4.9m | Reduced -131.8k |
| MIRABELLA FINANCIAL SERVICES LLP 0.46% of their portfolio | 398.4k $4.7m | Added +103.9k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.01% of their portfolio | 394.6k $4.7m | Added +35.0k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 388.4k $4.6m | New |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 379.0k $4.5m | New |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 372.3k $4.4m | Added +92.7k |
| BOUSSARD & GAVAUDAN GESTION SAS 0.22% of their portfolio | 364.4k $4.3m | First filing |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 359.5k $4.3m | Added +16.5k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 335.7k $4.0m | Added +166.8k |
| Quantbot Technologies LP 0.15% of their portfolio | 329.0k $3.9m | Reduced -43.0k |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 318.1k $3.8m | Reduced -53.5k |
| Verition Fund Management LLC 0.03% of their portfolio | 312.5k $3.7m | Added +302.2k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 295.6k $3.5m | Added +12.0k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 281.9k $3.3m | Added +1.8k |
| Public Sector Pension Investment Board 0.01% of their portfolio | 265.7k $3.1m | Reduced -59.7k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 253.3k $3.0m | Added +230.7k |
| Engineers Gate Manager LP 0.04% of their portfolio | 252.3k $3.0m | Reduced -117.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 248.5k $2.9m | Added +186.6k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 247.0k $4.4m | Added +208.5k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 234.2k $2.8m | Added +45.2k |
| Journey Advisory Group, LLC 0.21% of their portfolio | 233.0k $2.8m | Reduced -134.9k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio | 232.0k $2.7m | Added +116.7k |
| NORDEA INVESTMENT MANAGEMENT AB 0.00% of their portfolio | 230.4k $2.7m | New |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 222.1k $2.6m | Added +136.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 219.4k $2.6m | Added +22.8k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 208.4k $2.5m | Reduced -185.2k |
| IPG Investment Advisors LLC 0.35% of their portfolio | 206.9k $2.5m | Added +86.1k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 191.3k $2.3m | Added +19.8k |
| Steadtrust LLC 1.15% of their portfolio | 191.1k $2.3m | Added +14.5k |
| Banco BTG Pactual S.A. 0.30% of their portfolio | 191.1k $2.3m | Unchanged |
| Police & Firemen's Retirement System of New Jersey 0.02% of their portfolio | 182.8k $2.2m | Added +134.6k |
| SIMPLEX TRADING, LLC 0.06% of their portfolio | 181.6k $2.2m | New |
| LPL Financial LLC 0.00% of their portfolio | 178.0k $2.1m | Added +48.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 177.2k $2.1m | Added +160.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 172.5k $2.0m | Reduced -115.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 170.9k $2.0m | Added +55.5k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 162.1k $1.9m | Added +141.0k |
| Banco Santander, S.A. 0.01% of their portfolio | 156.6k $1.9m | Added +61.8k |
| STRATEGY ASSET MANAGERS LLC 0.27% of their portfolio | 150.5k $1.8m | Added +1.3k |