Who owns UGP (UGP)
Which tracked institutional funds hold UGP, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See UGP company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on UGP is one-sided between 2025-Q4 and 2026-Q1: 41 added or opened and 9 trimmed or exited — on balance accumulating.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
UGP’s largest tracked holder by dollar value, Naman Capital Ltda, sizes it at 18.1% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 18.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in UGP divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 155 tracked filers holding UGP, 101 increased or opened the position and 54 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in UGP between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 2
- D. E. Shaw & Co., Inc.$2M
- TD Waterhouse Canada Inc.$559K
Full exits 5
- Banco BTG Pactual S.A.$3M
- Capital Innovations LLC$2M
- ACADIAN ASSET MANAGEMENT LLC$956K
- Balyasny Asset Management L.P.$849K
- Prospera Financial Services Inc$708K
Largest adds
- GOLDMAN SACHS GROUP INC$14M
- Naman Capital Ltda$12M
- Qube Research & Technologies Ltd$9M
- AMERICAN CENTURY COMPANIES INC$9M
- BlackRock, Inc.$8M
- MORGAN STANLEY$8M
Largest trims
- JPMORGAN CHASE & CO$5M
- BANK OF MONTREAL /CAN/$5M
- DEUTSCHE BANK AG\$2M
- Point72 Asset Management, L.P.$842K
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Naman Capital Ltda trimmed | 12,727,222 | $64M | 16.6% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 5,513,736 | $30M | 7.9% | 2026-Q1 |
| MORGAN STANLEY trimmed | 4,867,401 | $27M | 7.0% | 2026-Q1 |
| BlackRock, Inc. added | 3,940,096 | $22M | 5.7% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 3,740,700 | $21M | 5.4% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 3,715,079 | $20M | 5.3% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 2,451,522 | $14M | 3.5% | 2026-Q1 |
| UBS Group AG added | 1,950,018 | $11M | 2.8% | 2026-Q1 |
| MARSHALL WACE, LLP added | 1,737,988 | $10M | 2.5% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 1,580,310 | $9M | 2.3% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 1,431,044 | $8M | 2.1% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 1,316,009 | $7M | 1.9% | 2026-Q1 |
| DEUTSCHE BANK AG\ trimmed | 1,139,646 | $6M | 1.6% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 946,121 | $5M | 1.4% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 945,625 | $5M | 1.4% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 968,997 | $5M | 1.3% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 927,216 | $5M | 1.3% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 918,030 | $5M | 1.3% | 2026-Q1 |
| Kapitalo Investimentos Ltda added | 915,468 | $5M | 1.3% | 2026-Q1 |
| LONGFELLOW INVESTMENT MANAGEMENT CO LLC | 534,513 | $3M | 0.8% | 2026-Q1 |
| Invesco Ltd. added | 524,031 | $3M | 0.8% | 2026-Q1 |
| SPX Gestao de Recursos Ltda trimmed | 519,126 | $3M | 0.7% | 2026-Q1 |
| Optiver Holding B.V. added | 453,455 | $2M | 0.7% | 2026-Q1 |
| HSBC HOLDINGS PLC added | 450,668 | $2M | 0.6% | 2026-Q1 |
| D. E. Shaw & Co., Inc. new | 369,768 | $2M | 0.5% | 2026-Q1 |
| Creative Planning added | 369,474 | $2M | 0.5% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 367,418 | $2M | 0.5% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ trimmed | 366,908 | $2M | 0.5% | 2026-Q1 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC added | 358,352 | $2M | 0.5% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 354,925 | $2M | 0.5% | 2026-Q1 |
| Vident Advisory, LLC added | 305,398 | $2M | 0.4% | 2026-Q1 |
| Banque Cantonale Vaudoise | 300,000 | $2M | 0.4% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. added | 270,261 | $1M | 0.4% | 2026-Q1 |
| NORTHERN TRUST CORP added | 261,717 | $1M | 0.4% | 2026-Q1 |
| Point72 Asset Management, L.P. trimmed | 255,510 | $1M | 0.4% | 2026-Q1 |
| STATE STREET CORP trimmed | 234,583 | $1M | 0.3% | 2026-Q1 |
| Bleakley Financial Group, LLC added | 213,465 | $1M | 0.3% | 2026-Q1 |
| GUGGENHEIM CAPITAL LLC added | 207,658 | $1M | 0.3% | 2026-Q1 |
| RITHOLTZ WEALTH MANAGEMENT added | 201,286 | $1M | 0.3% | 2026-Q1 |
| Parvin Asset Management, LLC added | 185,750 | $1M | 0.3% | 2026-Q1 |
| Walleye Capital LLC added | 182,723 | $1M | 0.3% | 2026-Q1 |
| Compound Planning, Inc. trimmed | 158,855 | $875K | 0.2% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 153,417 | $845K | 0.2% | 2026-Q1 |
| Legal & General Group Plc | 135,500 | $746K | 0.2% | 2026-Q1 |
| Mariner, LLC added | 129,657 | $714K | 0.2% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 126,450 | $697K | 0.2% | 2026-Q1 |
| Vanguard Personalized Indexing Management, LLC trimmed | 105,980 | $584K | 0.2% | 2026-Q1 |
| TD Waterhouse Canada Inc. new | 99,948 | $559K | 0.1% | 2026-Q1 |
| Laird Norton Wetherby Trust Company, LLC trimmed | 87,112 | $480K | 0.1% | 2026-Q1 |
| QRG CAPITAL MANAGEMENT, INC. added | 85,669 | $472K | 0.1% | 2026-Q1 |
| SEI INVESTMENTS CO added | 84,176 | $464K | 0.1% | 2026-Q1 |
| Cerity Partners LLC trimmed | 78,382 | $432K | 0.1% | 2026-Q1 |
| Centiva Capital, LP added | 77,254 | $426K | 0.1% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. added | 75,421 | $416K | 0.1% | 2026-Q1 |
| Russell Investments Group, Ltd. | 69,292 | $382K | 0.1% | 2026-Q1 |
| Schonfeld Strategic Advisors LLC trimmed | 68,760 | $379K | 0.1% | 2026-Q1 |
| Sequoia Financial Advisors, LLC added | 64,807 | $357K | 0.1% | 2026-Q1 |
| AXQ CAPITAL, LP new | 60,893 | $336K | 0.1% | 2026-Q1 |
| Corient Private Wealth LLC trimmed | 60,846 | $335K | 0.1% | 2026-Q1 |
| CIBC WORLD MARKET INC. added | 56,168 | $309K | 0.1% | 2026-Q1 |
| Advisors Asset Management, Inc. trimmed | 54,294 | $299K | 0.1% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 53,693 | $296K | 0.1% | 2026-Q1 |
| TWO SIGMA SECURITIES, LLC added | 51,114 | $282K | 0.1% | 2026-Q1 |
| Engineers Gate Manager LP added | 49,638 | $274K | 0.1% | 2026-Q1 |
| CITIGROUP INC added | 49,384 | $272K | 0.1% | 2026-Q1 |
| Ethic Inc. trimmed | 48,796 | $269K | 0.1% | 2026-Q1 |
| Cetera Investment Advisers new | 46,838 | $258K | 0.1% | 2026-Q1 |
| VPR Management LLC | 46,700 | $257K | 0.1% | 2026-Q1 |
| FOX RUN MANAGEMENT, L.L.C. added | 47,386 | $253K | 0.1% | 2026-Q1 |
| Merit Financial Group, LLC new | 43,548 | $240K | 0.1% | 2026-Q1 |
| Brooklyn Investment Group added | 41,783 | $230K | 0.1% | 2026-Q1 |
| Virtu Financial LLC trimmed | 40,915 | $225K | 0.1% | 2026-Q1 |
| Pathstone Holdings, LLC added | 38,251 | $211K | 0.1% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC new | 36,486 | $201K | 0.1% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 34,511 | $190K | 0.0% | 2026-Q1 |
| SIGNATUREFD, LLC added | 34,204 | $188K | 0.0% | 2026-Q1 |
| Inspire Advisors, LLC trimmed | 33,916 | $187K | 0.0% | 2026-Q1 |
| IEQ CAPITAL, LLC added | 33,673 | $186K | 0.0% | 2026-Q1 |
| West Family Investments, Inc. | 33,240 | $183K | 0.0% | 2026-Q1 |
| FMR LLC added | 32,646 | $180K | 0.0% | 2026-Q1 |
| PROFUND ADVISORS LLC added | 31,535 | $174K | 0.0% | 2026-Q1 |
| Parallel Advisors, LLC added | 29,156 | $161K | 0.0% | 2026-Q1 |
| Aprio Wealth Management, LLC added | 29,013 | $160K | 0.0% | 2026-Q1 |
| PDS Planning, Inc | 28,286 | $156K | 0.0% | 2026-Q1 |
| Polunin Capital Partners Ltd added | 9,457,242 | $31M | 8.2% | 2025-Q2 stale |
| HENNESSY ADVISORS INC trimmed | 1,625,700 | $5M | 1.3% | 2025-Q1 stale |
| Banco BTG Pactual S.A. added | 697,900 | $3M | 0.7% | 2025-Q4 stale |
| Raiffeisen Bank International AG added | 537,128 | $2M | 0.6% | 2025-Q3 stale |
| Cubist Systematic Strategies, LLC added | 470,768 | $2M | 0.5% | 2025-Q3 stale |
| Capital Innovations LLC added | 405,382 | $2M | 0.4% | 2025-Q4 stale |
| Wealthquest Corp new | 14,603 | $1M | 0.4% | 2025-Q1 stale |
| ACADIAN ASSET MANAGEMENT LLC trimmed | 253,830 | $956K | 0.2% | 2025-Q4 stale |
| Balyasny Asset Management L.P. added | 225,270 | $849K | 0.2% | 2025-Q4 stale |
| Prospera Financial Services Inc new | 187,807 | $708K | 0.2% | 2025-Q4 stale |
| XTX Topco Ltd added | 122,561 | $462K | 0.1% | 2025-Q4 stale |
| TWO SIGMA ADVISERS, LP trimmed | 112,900 | $426K | 0.1% | 2025-Q4 stale |
| PRINCIPAL FINANCIAL GROUP INC new | 88,709 | $291K | 0.1% | 2025-Q2 stale |
| RBF Capital, LLC | 55,229 | $208K | 0.1% | 2025-Q4 stale |
| Frank, Rimerman Advisors LLC new | 55,105 | $181K | 0.0% | 2025-Q2 stale |
| Metis Global Partners, LLC added | 47,378 | $155K | 0.0% | 2025-Q2 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.