Cosan Limited
CZZ
CZZ was delisted on the 5th of March, 2021.
105 hedge funds and large institutions have $840M invested in Cosan Limited in 2020 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 32 increasing their positions, 41 reducing their positions, and 35 closing their positions.
19% more capital invested
Capital invested by funds: $705M → $840M (+$136M)
10% less funds holding in top 10
Funds holding in top 10: 10 → 9 (-1)
16% less funds holding
Funds holding: 125 → 105 (-20)
22% less repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 41
57% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 35
66% less call options, than puts
Call options by funds: $485K | Put options by funds: $1.43M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IUHSA
Itau Unibanco Holding S.A.
Sao Paulo,
Brazil
|
+$50.3M |
| 2 |
DADR
Dynamo Administracao de Recursos
Rio De Janeiro,
Brazil
|
+$18.7M |
| 3 |
Nordea Investment Management
Stockholm,
Sweden
|
+$16.1M |
| 4 |
DIGDR
Dynamo Internacional Gestao de Recursos
Rio De Janeiro,
Brazil
|
+$9.93M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$4.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NC
Nucleo Capital
Sao Paulo, Sp,
Brazil
|
-$20.5M |
| 2 |
BlackRock
New York
|
-$16.5M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$13.4M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$12.3M |
| 5 |
Renaissance Technologies
New York
|
-$11.8M |
CZZ Hedge Fund Activity: Q2 2020 in Review
105 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Cosan Limited (CZZ) for Q2 2020, worth a combined $840M — up 19% from $705M a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of CZZ and 15 opened new positions — a net loss of 20 holders — while 41 trimmed existing stakes and 32 added.
The largest buyer was Itau Unibanco Holding S.A., adding an estimated $50.3M. The largest seller was Nucleo Capital, cutting an estimated $20.5M.
- 105 institutional investors held Cosan Limited (CZZ) as of Q2 2020, down from 125 in Q1 2020.
- Funds reported $840M of Cosan Limited stock for Q2 2020, up 19% quarter-over-quarter.
- 15 funds opened new Cosan Limited positions in Q2 2020 and 35 closed out, a net change of -20 holders.
- The largest Cosan Limited buyer in Q2 2020 was Itau Unibanco Holding S.A., an estimated $50.3M added.
- The largest Cosan Limited seller in Q2 2020 was Nucleo Capital, an estimated $20.5M sold.
Based on aggregated 13F filings for Q2 2020.