Patria Investments Limited

PAX • NASDAQ

Patria Investments Limited is a asset management company in the financial services sector on NASDAQ, led by Alexandre Saigh, with a market cap of $2.6B. As of Q3 2025, 28% of shares are held by 147 institutional investors, with Capital Research Global Investors as the largest holder at 5.78%.

CEOAlexandre Saigh

Market Cap$2.6B

Asset Management

Financial Services

Employees430.0

Websitepatria.com

Overview

Overview of institutional ownership in PAX as of Q3 2025 with a market cap of $2.3B

All Institutions

Institutions: 147
Value Held: $660.0M
Shares Held: 45.2M
Avg Position: $4.5M
Median Position: $378.4K

Hedge Funds

Hedge Funds: 12
Value Held: $115.8M
Shares Held: 7.9M
Avg Position: $9.6M
Median Position: $2.2M

Ownership Breakdown

Institutional (non-HF)

23.37%

$544.2M

Hedge Funds

4.97%

$115.8M

Retail & Other

71.65%

$1.7B

Based on market cap of $2.3B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in PAX as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Capital Research Global Investors RIA/Wealth	Maria Alejandra Herrera CIO	$134.5M 0.03% of portfolio	5.78% 9.2M shares	Q3 2021 Held for 4y 2m	$532.36B
FMR LLC Institution	-	$97.0M 0.01% of portfolio	4.16% 6.6M shares	Q1 2021 Held for 4y 8m	$1.92T
B BlackRock, Inc. Institution	-	$79.3M 0.00% of portfolio	3.41% 5.4M shares	Q2 2023 Held for 2y 5m	$5.67T
P Pertento Partners LLP Hedge Fund•Long/Short	-	$58.0M 7.31% of portfolio	2.49% 4.0M shares	Q4 2021 Held for 3y 11m	$793.1M
SAMLYN CAPITAL, LLC Hedge Fund•Multi-Strategy	Aaron Foxbruner CFO	$29.0M 0.41% of portfolio	1.25% 2.0M shares	Q1 2021 Held for 4y 8m	$7.0B
M MIZUHO MARKETS AMERICAS LLC Institution	-	$21.9M 0.46% of portfolio	0.94% 1.5M shares	Q3 2025 Held for 2 months	$4.7B
I Inherent Management Corp. Institution	-	$21.7M 12.42% of portfolio	0.93% 1.5M shares	Q4 2024 Held for 11 months	$174.4M
A ADAGE CAPITAL PARTNERS GP LLC Institution	-	$18.9M 0.03% of portfolio	0.81% 1.3M shares	Q1 2021 Held for 4y 8m	$63.0B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$18.7M 0.00% of portfolio	0.80% 1.3M shares	Q2 2023 Held for 2y 5m	$2.88T
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dan Michael Berkovitz Chairman	$12.6M 0.01% of portfolio	0.54% 865.1K shares	Q1 2021 Held for 4y 8m	$121.98B

Net Capital Flow

Institutional buying and selling activity for PAX in Q3 2025

Traded: +$22.4M
Buyers: 78
Sellers: 60
Total Bought: +$82.3M
Total Sold: −$59.9M
Avg Position: $4.0M

Biggest Buyers

Institution	Net Bought	Current Position
M MIZUHO MARKETS AMERICAS LLC Institution	+$21.9M +1.5M shares	$21.9M 1.5M shares
FMR LLC Institution	+$14.5M +994.9K shares	$97.0M 6.6M shares
P Pertento Partners LLP Hedge Fund•Long/Short	+$9.6M +655.0K shares	$58.0M 4.0M shares
B BlackRock, Inc. Institution	+$7.1M +489.6K shares	$79.3M 5.4M shares
GOLDMAN SACHS GROUP INC Institution	+$4.8M +330.3K shares	$6.8M 462.3K shares
BANK OF AMERICA CORP /DE/ Institution	+$3.0M +203.6K shares	$5.1M 352.6K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	+$2.9M +197.3K shares	$3.4M 230.7K shares
M MHR FUND MANAGEMENT LLC Private Equity	+$2.5M +172.0K shares	$11.7M 800.0K shares
A Allianz Asset Management AG Institution	+$2.2M +150.0K shares	$4.2M 290.0K shares
PRINCIPAL FINANCIAL GROUP INC Institution	+$1.1M +75.6K shares	$1.1M 75.6K shares

Biggest Sellers

Institution	Net Sold	Current Position
UBS Group AG Institution	−$13.8M −948.3K shares	$11.5M 786.6K shares
Capital Research Global Investors RIA/Wealth	−$7.5M −511.1K shares	$134.5M 9.2M shares
Grandeur Peak Global Advisors, LLC Long Only Manager	−$6.1M −417.5K shares	$5.8M 394.7K shares
A ADAGE CAPITAL PARTNERS GP LLC Institution	−$4.8M −327.3K shares	$18.9M 1.3M shares
F FIL Ltd Institution	−$3.8M −266.9K shares	Sold Off 0 shares
DENALI ADVISORS LLC Long Only Manager	−$3.3M −234.8K shares	Sold Off 0 shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$3.1M −218.7K shares	Sold Off 0 shares
A Amitell Capital Pte Ltd Institution	−$3.0M −202.1K shares	$5.8M 399.1K shares
A AMERICAN CENTURY COMPANIES INC Institution	−$2.2M −149.1K shares	$345.6K 23.7K shares
N Nuveen, LLC Institution	−$2.1M −142.7K shares	$10.2M 696.3K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited PAX in Q3 2025

New Positions: 15
New Value: $25.7M
Exited Positions: 17
Exited Value: $15.8M

New Positions

Institution	Position Value
M MIZUHO MARKETS AMERICAS LLC Institution	$21.9M 1.5M shares
PRINCIPAL FINANCIAL GROUP INC Institution	$1.1M 75.6K shares
C CREDIT AGRICOLE S A Institution	$1.1M 74.0K shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	$527.3K 36.1K shares
DIAM Co., Ltd. Long Only Manager	$307.8K 21.1K shares
BANK OF MONTREAL /CAN/ Institution	$304.2K 20.8K shares
HPM Partners LLC RIA/Wealth	$183.7K 12.6K shares
Longboard Asset Management, LP Long Only Manager	$150.7K 10.3K shares
A Advisory Services Network, LLC RIA/Wealth	$73.0K 5.0K shares
S State of Alaska, Department of Revenue Institution	$39.0K 2.7K shares

Exited Positions

Institution	Previous Position
F FIL Ltd Institution	$3.8M 266.9K shares
DENALI ADVISORS LLC Long Only Manager	$3.3M 234.8K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$3.1M 218.7K shares
ALGERT COLDIRON INVESTORS LLC Hedge Fund•Quant	$1.2M 82.0K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.1M 79.6K shares
J JANE STREET GROUP, LLC Institution	$1.1M 76.6K shares
CWM Advisors, LLC ETF Provider	$864.6K 61.5K shares
Centiva Capital, LP Hedge Fund•Multi-Strategy	$350.4K 24.9K shares
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	$246.3K 17.5K shares
J Jump Financial, LLC Institution	$242.5K 17.2K shares

Options Activity

Institutions with the largest Call and Put options positions in PAX as of Q3 2025

Call Positions: 3
Call Value: $4.1M
Put Positions: 2
Put Value: $1.1M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.7M 1.1K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.3M 860.0 contracts
J JANE STREET GROUP, LLC Institution	$1.2M 819.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$635.1K 435.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$473.0K 324.0 contracts

Most Committed Institutions

Institutions with PAX as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
I Inherent Management Corp. Institution	-	12.42% $21.7M	0.93% 1.5M shares	Q4 2024 Held for 11 months	$174.4M
P Pertento Partners LLP Hedge Fund•Long/Short	-	7.31% $58.0M	2.49% 4.0M shares	Q4 2021 Held for 3y 11m	$793.1M
A Amitell Capital Pte Ltd Institution	-	4.31% $5.8M	0.25% 399.1K shares	Q4 2022 Held for 2y 11m	$135.2M
M MHR FUND MANAGEMENT LLC Private Equity	Mark Howard Rachesky President	1.53% $11.7M	0.50% 800.0K shares	Q1 2025 Held for 8 months	$761.2M
T TT Capital Management LLC Institution	-	0.93% $1.2M	0.05% 83.8K shares	Q4 2024 Held for 11 months	$130.9M
Aurora Investment Counsel RIA/Wealth	David John Yucius President	0.91% $1.7M	0.07% 117.8K shares	Q3 2024 Held for 1y 2m	$188.5M
Grandeur Peak Global Advisors, LLC Long Only Manager	Blake Harold Walker CEO	0.77% $5.8M	0.25% 394.7K shares	Q1 2021 Held for 4y 8m	$745.4M
6 683 Capital Management, LLC Hedge Fund•Long/Short	Ari Jonathan Zweiman Managing Partner	0.52% $5.5M	0.24% 380.0K shares	Q2 2025 Held for 5 months	$1.1B
M MIZUHO MARKETS AMERICAS LLC Institution	-	0.46% $21.9M	0.94% 1.5M shares	Q3 2025 Held for 2 months	$4.7B
GLOBEFLEX CAPITAL L P Long Only Manager	Marina Loretta Marrelli CEO	0.44% $2.8M	0.12% 193.9K shares	Q2 2025 Held for 5 months	$644.8M

Hedge Fund Spotlight

Discover hedge funds investing in PAX

AQR CAPITAL MANAGEMENT LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerDavid Gary Kabiller

Portfolio Value: $156.17B
Positions: 3,453
Last Reported: Q3 2025

Sector Allocation

Position in Patria Investments Limited

Market Value: $1.5M
Shares Held: 104.3K
Portfolio Weight: 0.00%
Owned Since: 2024-Q4

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