VTEX E-Commerce, Inc.

VTEX • NYSE

VTEX E-Commerce, Inc. is a software - application company in the technology sector on NYSE, led by Geraldo Thomaz Jr., with a market cap of $680.5M. As of Q3 2025, 38% of shares are held by 107 institutional investors, with SOFTBANK GROUP CORP as the largest holder at 21.12%.

Founder and co-CEOGeraldo Thomaz Jr.

Market Cap$680.5M

Software - Application

Technology

Employees1.3K

Websitevtex.com

Overview

Overview of institutional ownership in VTEX as of Q3 2025 with a market cap of $797.0M

All Institutions

Institutions: 107
Value Held: $306.3M
Shares Held: 69.9M
Avg Position: $2.9M
Median Position: $175.6K

Hedge Funds

Hedge Funds: 20
Value Held: $24.6M
Shares Held: 5.6M
Avg Position: $1.2M
Median Position: $229.3K

Ownership Breakdown

Institutional (non-HF)

35.35%

$281.7M

Hedge Funds

3.08%

$24.6M

Retail & Other

61.57%

$490.7M

Based on market cap of $797.0M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in VTEX as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
S SOFTBANK GROUP CORP Institution	-	$168.3M 0.65% of portfolio	21.12% 38.4M shares	Q3 2021 Held for 4y 2m	$25.9B
Polar Capital Holdings Plc Long Only Manager	Gavin Mark Rochussen CEO	$30.8M 0.15% of portfolio	3.87% 7.0M shares	Q1 2024 Held for 1y 8m	$20.8B
B BlackRock, Inc. Institution	-	$17.0M 0.00% of portfolio	2.14% 3.9M shares	Q3 2021 Held for 4y 2m	$5.67T
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	Gillian Morna Therese Savage CEO	$11.9M 0.02% of portfolio	1.49% 2.7M shares	Q3 2023 Held for 2y 2m	$51.5B
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dan Michael Berkovitz Chairman	$6.7M 0.01% of portfolio	0.84% 1.5M shares	Q3 2021 Held for 4y 2m	$121.98B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$6.5M 0.00% of portfolio	0.81% 1.5M shares	Q4 2021 Held for 3y 11m	$2.88T
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$4.7M 0.01% of portfolio	0.59% 1.1M shares	Q4 2021 Held for 3y 11m	$75.8B
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	Kenneth Cordele Griffin CEO	$4.4M 0.00% of portfolio	0.56% 1.0M shares	Q3 2021 Held for 4y 2m	$122.08B
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	Bruce Ira Jacobs President	$4.4M 0.02% of portfolio	0.55% 1.0M shares	Q3 2025 Held for 2 months	$25.2B
D DYNAMO INTERNACIONAL GESTAO DE RECURSOS LTDA. Institution	-	$4.2M 2.67% of portfolio	0.53% 964.3K shares	Q3 2021 Held for 4y 2m	$158.1M

Net Capital Flow

Institutional buying and selling activity for VTEX in Q3 2025

Traded: −$4.0M
Buyers: 60
Sellers: 60
Total Bought: +$32.5M
Total Sold: −$36.5M
Avg Position: $2.3M

Biggest Buyers

Institution	Net Bought	Current Position
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$4.5M +1.0M shares	$6.7M 1.5M shares
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	+$4.4M +1.0M shares	$4.4M 1.0M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$3.7M +850.1K shares	$4.4M 1.0M shares
Polar Capital Holdings Plc Long Only Manager	+$3.3M +748.7K shares	$30.8M 7.0M shares
J JANE STREET GROUP, LLC Institution	+$2.5M +565.4K shares	$2.5M 565.4K shares
GOLDMAN SACHS GROUP INC Institution	+$1.5M +344.6K shares	$1.6M 369.4K shares
S Squarepoint Ops LLC Hedge Fund•Quant	+$1.1M +257.2K shares	$1.1M 257.2K shares
X XTX Topco Ltd Institution	+$1.1M +254.2K shares	$1.1M 254.2K shares
J Jump Financial, LLC Institution	+$1.0M +232.5K shares	$1.0M 232.5K shares
Main Management ETF Advisors, LLC Institution	+$987.8K +225.5K shares	$987.8K 225.5K shares

Biggest Sellers

Institution	Net Sold	Current Position
Artisan Partners Limited Partnership Long Only Manager	−$10.5M −1.6M shares	Sold Off 0 shares
Banco BTG Pactual S.A. Private Equity	−$4.2M −962.2K shares	$2.0M 465.0K shares
A Absolute Gestao de Investimentos Ltda. Institution	−$3.7M −560.9K shares	Sold Off 0 shares
Marshall Wace LLP Institution	−$2.9M −436.7K shares	Sold Off 0 shares
S Standard Life Aberdeen plc Institution	−$2.5M −369.0K shares	Sold Off 0 shares
LAZARD ASSET MANAGEMENT LLC Long Only Manager	−$2.1M −316.4K shares	Sold Off 0 shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$1.5M −338.3K shares	$729.1K 166.5K shares
V Verde Servicos Internacionais S.A. Hedge Fund•Global Macro	−$1.2M −180.0K shares	Sold Off 0 shares
D DYNAMO INTERNACIONAL GESTAO DE RECURSOS LTDA. Institution	−$1.1M −252.6K shares	$4.2M 964.3K shares
S SEI INVESTMENTS CO Institution	−$1.1M −244.6K shares	$255.0K 58.2K shares

Entry and Exit Activity

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

New Positions: 14
New Value: $6.0M
Exited Positions: 25
Exited Value: $25.5M

New Positions

Institution	Position Value
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	$4.4M 1.0M shares
PRINCIPAL FINANCIAL GROUP INC Institution	$734.6K 167.7K shares
P PharVision Advisers, LLC Hedge Fund•Long/Short	$381.0K 87.0K shares
Atom Investors LP Hedge Fund•Market Neutral	$283.0K 64.6K shares
BOOTHBAY FUND MANAGEMENT, LLC Fund of Funds	$96.4K 22.0K shares
S SHERBROOKE PARK ADVISERS LLC Hedge Fund•Quant	$54.3K 12.4K shares
W WOLVERINE TRADING, LLC Institution	$44.9K 10.1K shares
CWM, LLC RIA/Wealth	$12.9K 3.0K shares
SRS Capital Advisors, Inc. RIA/Wealth	$1.2K 269.0 shares
M MASSMUTUAL TRUST CO FSB/ADV Institution	$556.0 127.0 shares

Exited Positions

Institution	Previous Position
Artisan Partners Limited Partnership Long Only Manager	$10.5M 1.6M shares
A Absolute Gestao de Investimentos Ltda. Institution	$3.7M 560.9K shares
Marshall Wace LLP Institution	$2.9M 436.7K shares
S Standard Life Aberdeen plc Institution	$2.5M 369.0K shares
LAZARD ASSET MANAGEMENT LLC Long Only Manager	$2.1M 316.4K shares
V Verde Servicos Internacionais S.A. Hedge Fund•Global Macro	$1.2M 180.0K shares
White Oak Capital Partners Pte. Ltd. Hedge Fund•Multi-Strategy	$568.3K 86.1K shares
I Itau Unibanco Holding S.A. Institution	$463.6K 70.1K shares
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$344.2K 52.2K shares
E Employees Retirement System of Texas Institution	$298.2K 45.2K shares

Options Activity

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

Call Positions: 1
Call Value: $67.5K
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
J JANE STREET GROUP, LLC Institution	$67.5K 154.0 contracts

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
D DYNAMO INTERNACIONAL GESTAO DE RECURSOS LTDA. Institution	-	2.67% $4.2M	0.53% 964.3K shares	Q3 2021 Held for 4y 2m	$158.1M
D Dynamo Administracao de Recursos Ltda. Institution	-	1.52% $281.0K	0.04% 64.2K shares	Q3 2021 Held for 4y 2m	$18.5M
S SOFTBANK GROUP CORP Institution	-	0.65% $168.3M	21.12% 38.4M shares	Q3 2021 Held for 4y 2m	$25.9B
Banco BTG Pactual S.A. Private Equity	Christian Albrecht Wulf Von Schimmelmann Managing Partner	0.30% $2.0M	0.26% 465.0K shares	Q1 2023 Held for 2y 8m	$679.5M
B BW Gestao de Investimentos Ltda. Institution	-	0.23% $3.1M	0.39% 700.8K shares	Q4 2024 Held for 11 months	$1.3B
P PharVision Advisers, LLC Hedge Fund•Long/Short	Blagovest Dimitrov Baychev CEO	0.22% $381.0K	0.05% 87.0K shares	Q3 2025 Held for 2 months	$176.9M
Polar Capital Holdings Plc Long Only Manager	Gavin Mark Rochussen CEO	0.15% $30.8M	3.87% 7.0M shares	Q1 2024 Held for 1y 8m	$20.8B
A ATMOS CAPITAL GESTAO DE RECURSOS LTDA. RIA/Wealth	William Franklin Moore CEO	0.14% $976.9K	0.12% 223.0K shares	Q3 2021 Held for 4y 2m	$700.6M
D Dynamic Technology Lab Private Ltd Institution	-	0.06% $349.6K	0.04% 79.8K shares	Q2 2025 Held for 5 months	$576.8M
X XTX Topco Ltd Institution	-	0.06% $1.1M	0.14% 254.2K shares	Q3 2022 Held for 3y 2m	$1.9B

Hedge Fund Spotlight

Discover hedge funds investing in VTEX

RENAISSANCE TECHNOLOGIES LLC

Hedge Fund • Quant

Portfolio ManagerPeter Fitzhugh Brown

Portfolio Value: $75.8B
Positions: 3,419
Last Reported: Q3 2025

Sector Allocation

Position in VTEX E-Commerce, Inc.

Market Value: $4.7M
Shares Held: 1.1M
Portfolio Weight: 0.01%
Owned Since: 2021-Q4

Top Holding	Sector	Market Value	Weight
1 Palantir Technologies Inc. PLTR	Software - Infrastructure Technology	$1.6B	2.06%
2 Nvidia NVDA	Semiconductors Technology	$1.1B	1.39%
3 Roblox RBLX	Electronic Gaming & Multimedia Technology	$953.5M	1.26%