Vault-13

NAVIOS MARITIME PARTNERS L P NMM

COM UNIT LPI · MLP · CUSIP Y62267409

68 institutional holders +6 vs Q2 2025
8,767,9618.8m shares reported held*
$395.0mreported value*
12 new 26 added 12 reduced 5 sold out net sold ≈ $3.9m (-87.5k 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 ≈ $45.05. Options: 7 managers hold calls ($28.4m notional), 6 hold puts ($19.1m).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 52Q4 22: 45Q1 23: 42Q2 23: 37Q3 23: 34Q4 23: 39Q1 24: 69Q2 24: 67Q3 24: 81Q4 24: 72Q1 25: 58Q2 25: 62Q3 25: 6868Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 202252
Q4 202245
Q1 202342
Q2 202337
Q3 202334
Q4 202339
Q1 202469
Q2 202467
Q3 202481
Q4 202472
Q1 202558
Q2 202562
Q3 202568

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q4 23: 17 bought or addedQ4 23: 16 cut or sold outQ1 24: 47 bought or addedQ1 24: 14 cut or sold outQ1 24Q2 24: 34 bought or addedQ2 24: 28 cut or sold outQ3 24: 43 bought or addedQ3 24: 27 cut or sold outQ3 24Q4 24: 27 bought or addedQ4 24: 45 cut or sold outQ1 25: 18 bought or addedQ1 25: 41 cut or sold outQ1 25Q2 25: 30 bought or addedQ2 25: 27 cut or sold outQ3 25: 38 bought or addedQ3 25: 17 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20231716
Q1 20244714
Q2 20243428
Q3 20244327
Q4 20242745
Q1 20251841
Q2 20253027
Q3 20253817

Calls vs puts

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

CallsPuts
$0$20m$40m$60m$80mQ4 24 calls: $77.3mQ4 24 puts: $31.7mQ4 24P/C 0.41Q1 25 calls: $27.2mQ1 25 puts: $11.2mQ1 25P/C 0.41Q2 25 calls: $23.9mQ2 25 puts: $11.0mQ2 25P/C 0.46Q3 25 calls: $28.4mQ3 25 puts: $19.1mQ3 25P/C 0.67
Numbers
QuarterCallsPutsP/C
Q4 2024$77.3m$31.7m0.41
Q1 2025$27.2m$11.2m0.41
Q2 2025$23.9m$11.0m0.46
Q3 2025$28.4m$19.1m0.67

Biggest buyers

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +55,490+55.5k
ING GROEP NV Added +53,400+53.4k
JPMORGAN CHASE & CO Added +51,924+51.9k
GeoSphere Capital Management, LLC New +40,000+40.0k
BANK OF AMERICA CORP /DE/ Added +26,340+26.3k
HRT FINANCIAL LP Added +25,863+25.9k
Lighthouse Investment Partners, LLC Added +24,964+25.0k
Arbiter Partners Capital Management LLC New +24,800+24.8k
Qube Research & Technologies Ltd New +14,180+14.2k
IEQ CAPITAL, LLC Added +12,717+12.7k

Biggest sellers

Ion Asset Management Ltd. Reduced -351,963-352.0k
PILGRIM GLOBAL ADVISORS LLC Reduced -34,079-34.1k
CITADEL ADVISORS LLC Reduced -30,052-30.1k
MORGAN STANLEY Reduced -29,605-29.6k
TWO SIGMA INVESTMENTS, LP Reduced -15,878-15.9k
CORSAIR CAPITAL MANAGEMENT, L.P. Sold out -12,959-13.0k
Counterpoint Mutual Funds LLC Sold out -10,453-10.5k
Squarepoint Ops LLC Sold out -8,496-8.5k
Cerity Partners LLC Sold out -5,633-5.6k
BNP PARIBAS FINANCIAL MARKETS Reduced -5,486-5.5k

Biggest calls

ARMOR ADVISORS, L.L.C. Unchanged $14.0m310.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $6.7m147.9k shares
CITADEL ADVISORS LLC Added $5.7m126.0k shares
GROUP ONE TRADING LLC Reduced $941.5k20.9k shares
JANE STREET GROUP, LLC Reduced $720.8k16.0k shares
SIMPLEX TRADING, LLC Reduced $436.0k9.7k shares
Main Street Financial Solutions, LLC Unchanged $7.3k1.0k shares

Biggest puts

CITADEL ADVISORS LLC Added $8.8m196.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $6.9m153.1k shares
SIMPLEX TRADING, LLC Added $1.7m36.9k shares
GROUP ONE TRADING LLC Reduced $792.9k17.6k shares
IMC-Chicago, LLC Added $585.6k13.0k shares
JANE STREET GROUP, LLC Added $301.8k6.7k 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
Frangou Angeliki 13D · may seek influence filed 2026-03-16
Stated purposeThe last paragraph of Item 4 in Amendment No. 2 to the Schedule 13D is deleted in its entirety. Full filing
17.7% 5.0m≈ $353.1m 2026-03-16
Pilgrim Global ICAV 13G · institution filed 2025-11-14 17.4% 5.0m≈ $352.0m 2025-11-14
Sertl George O. Jr. 13G · exempt (held before listing) new · filed 2025-02-14 5.1% new 1.5m≈ $105.8m 2025-02-14

Insider purchases and sales in Q3 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 Q3 2025.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 PILGRIM GLOBAL ADVISORS LLC 40.78% of their portfolio RENO, NV 4,660,8384.7m $210.0m $210.0m 40.78% Reduced -34.1k -34,079
2 Main Street Financial Solutions, LLC 2.49% of their portfolio NEWTOWN, PA 863,102863.1k $38.9m $38.9m 2.49% Added +4.0k +3,993
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 700,616700.6k $31.6m $31.6m 0.00% Reduced -29.6k -29,605
4 Ion Asset Management Ltd. 2.57% of their portfolio Herzliya, L3 466,000466.0k $21.0m $21.0m 2.57% Reduced -352.0k -351,963
5 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 215,332215.3k $9.7m $9.7m 0.01% Added +55.5k +55,490
6 ARMOR ADVISORS, L.L.C. 8.61% of their portfolio NEW YORK, NY 201,776201.8k $9.1m $9.1m 8.61% Added +5.7k +5,671
7 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 158,749158.7k $7.2m $7.2m 0.01% Added +2.0k +2,045
8 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 153,397153.4k $6.9m $6.9m 0.01% Reduced -30.1k -30,052
9 GRATIA CAPITAL, LLC 5.67% of their portfolio LOS ANGELES, CA 142,156142.2k $6.4m $6.4m 5.67% Added +7.8k +7,800
10 NATIXIS 0.03% of their portfolio PARIS, I0 133,415133.4k $6.0m $6.0m 0.03% Added +9.0k +9,000
11 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 117,950118.0k $5.3m $5.3m 0.00% Added +26.3k +26,340
12 ING GROEP NV 0.02% of their portfolio AMSTERDAM, P7 96,60096.6k $4.4m $4.4m 0.02% Added +53.4k +53,400
13 Moors & Cabot, Inc. 0.18% of their portfolio BOSTON, MA 92,68292.7k $4.2m $4.2m 0.18% Added +750 +750
14 IEQ CAPITAL, LLC 0.01% of their portfolio Foster City, CA 91,34791.3k $4.1m $4.1m 0.01% Added +12.7k +12,717
15 GROUP ONE TRADING LLC 0.10% of their portfolio CHICAGO, IL 75,79675.8k $3.4m $3.4m 0.10% Reduced -3.7k -3,727
16 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 69,76869.8k $3.1m $3.1m 0.00% Added +51.9k +51,924
17 Merrion Investment Management Co, LLC 1.69% of their portfolio Cranford, NJ 65,25065.2k $2.9m $2.9m 1.69% Added +250 +250
18 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 58,88658.9k $2.7m $2.7m 0.00% Added +3.1k +3,079
19 Lighthouse Investment Partners, LLC 0.08% of their portfolio Palm Beach Gardens, FL 52,10952.1k $2.3m $2.3m 0.08% Added +25.0k +24,964
20 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 47,79947.8k $2.2m $2.2m 0.01% Added +25.9k +25,863
21 Mraz, Amerine & Associates, Inc. 0.30% of their portfolio Modesto, CA 43,29143.3k $2.0m $2.0m 0.30% Added +2.6k +2,621
22 GeoSphere Capital Management, LLC 1.38% of their portfolio MIAMI BEACH, FL 40,00040.0k $1.8m $1.8m 1.38% New
23 Live Oak Investment Partners 0.90% of their portfolio AUSTIN, TX 30,21730.2k $1.4m $1.4m 0.90% Added +1.7k +1,680
24 Jump Financial, LLC 0.02% of their portfolio Chicago, IL 27,78427.8k $1.3m $1.3m 0.02% Added +12.4k +12,384
25 Arbiter Partners Capital Management LLC 0.77% of their portfolio NEW YORK, NY 24,80024.8k $1.1m $1.1m 0.77% New
26 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 14,81414.8k $667.4k $667.4k 0.00% Added +140 +140
27 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 14,18014.2k $638.8k $638.8k 0.00% New
28 Susquehanna Portfolio Strategies, LLC 0.01% of their portfolio Bala Cynwyd, PA 11,05311.1k $497.9k $497.9k 0.01% New
29 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 9,2549.3k $416.9k $416.9k 0.00% New
30 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 8,9218.9k $401.9k $401.9k 0.00% Unchanged
31 UBS Group AG 0.00% of their portfolio ZURICH, V8 8,6808.7k $391.0k $391.0k 0.00% Added +4.8k +4,764
32 National Philanthropic Trust 0.00% of their portfolio Jenkintown, PA 7,9568.0k $358.4k $358.4k 0.00% New
33 Westhampton Capital, LLC 0.17% of their portfolio WINSTON-SALEM, NC 7,6567.7k $344.9k $344.9k 0.17% Unchanged
34 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 7,1927.2k $324.0k $324.0k 0.00% Added +380 +380
35 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 6,0176.0k $271.1k $271.1k 0.00% Reduced -15.9k -15,878
36 Aristides Capital LLC 0.08% of their portfolio LOUISVILLE, KY 5,9395.9k $267.6k $267.6k 0.08% Reduced -107 -107
37 Blackhawk Capital Partners, LLC 0.10% of their portfolio THIENSVILLE, WI 5,4755.5k $246.6k $246.6k 0.10% New
38 SIMPLEX TRADING, LLC 0.01% of their portfolio CHICAGO, IL 5,3915.4k $242.0k $242.0k 0.01% Added +575 +575
39 SOA Wealth Advisors, LLC. 0.04% of their portfolio NEW YORK, NY 5,1165.1k $230.5k $230.5k 0.04% Unchanged
40 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 4,7854.8k $215.6k $215.6k 0.00% Reduced -2.5k -2,514
41 Kerrisdale Advisers, LLC 0.11% of their portfolio Miami, FL 4,5904.6k $206.8k $206.8k 0.11% New
42 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 2,2202.2k $100.0k $100.0k 0.00% Reduced -5.5k -5,486
43 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 1,6501.6k $74.6k $74.6k 0.00% Unchanged
44 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 1,2531.3k $56.4k $56.4k 0.00% Unchanged
45 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,0651.1k $48.0k $48.0k 0.00% Added +32 +32
46 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,0221.0k $47.5k $47.5k 0.00% Reduced -36 -36
47 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 744744 $33.5k $33.5k 0.00% Reduced -40 -40
48 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 605605 $27.3k $27.3k 0.00% Unchanged
49 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 497497 $22.4k $22.4k 0.00% Added +201 +201
50 SouthState Bank Corp 0.00% of their portfolio Winter Haven, FL 398398 $17.9k $17.9k 0.00% Unchanged
51 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 397397 $18.0k $18.0k 0.00% Added +21 +21
52 OPTIMUM INVESTMENT ADVISORS 0.01% of their portfolio Chicago, IL 343343 $15.5k $15.5k 0.01% Unchanged
53 Caitong International Asset Management Co., Ltd 0.01% of their portfolio HONG KONG, K3 204204 $9.2k $9.2k 0.01% Added +40 +40
54 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 170170 $7.7k $7.7k 0.00% Unchanged
55 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 160160 $7.2k $7.2k 0.00% New
56 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 135135 $6.1k $6.1k 0.00% Reduced -26 -26
57 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 120120 $5.7k $5.7k 0.00% Unchanged
58 NFSG Corp 0.00% of their portfolio BOCA RATON, FL 103103 $4.6k $4.6k 0.00% Unchanged
59 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 7373 $3.3k $3.3k 0.00% Unchanged
60 Front Row Advisors LLC 0.00% of their portfolio TIBURON, CA 5555 $2.5k $2.5k 0.00% Unchanged
61 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 2727 $1.2k $1.2k 0.00% New
62 JPL Wealth Management, LLC 0.00% of their portfolio GREENWOOD VILLAGE, CO 1313 $586 $586 0.00% New
63 Pacer Advisors, Inc. 0.00% of their portfolio Malvern, PA 1010 $451 $451 0.00% Unchanged
64 Evelyn Partners Investment Management LLP 0.00% of their portfolio London, X0 1010 $450 $450 0.00% Unchanged
65 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 44 $180 $180 0.00% New
66 SWAN Capital LLC 0.00% of their portfolio PENSACOLA, FL 33 $135 $135 0.00% Unchanged
67 Nemes Rush Group LLC 0.00% of their portfolio NOVI, MI 11 $45 $45 0.00% Unchanged
68 RMG Wealth Management LLC 0.00% of their portfolio PLATTEVILLE, WI 00 $0 $0 0.00% Unchanged