Cosan Limited
CZZ
CZZ was delisted on the 5th of March, 2021.
104 hedge funds and large institutions have $757M invested in Cosan Limited in 2020 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 27 increasing their positions, 38 reducing their positions, and 21 closing their positions.
1% less funds holding
Funds holding: 105 → 104 (-1)
5% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 21
6.7% less ownership
Funds ownership: 44.55% → 37.86% (-6.7%)
10% less capital invested
Capital invested by funds: $840M → $757M (-$83.2M)
29% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 38
44% less funds holding in top 10
Funds holding in top 10: 9 → 5 (-4)
59% less call options, than puts
Call options by funds: $657K | Put options by funds: $1.61M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DADR
Dynamo Administracao de Recursos
Rio De Janeiro,
Brazil
|
+$21.8M |
| 2 |
DIGDR
Dynamo Internacional Gestao de Recursos
Rio De Janeiro,
Brazil
|
+$20.9M |
| 3 |
JGGDR
JGP Global Gestao de Recursos
Rio De Janeiro,
Brazil
|
+$13.9M |
| 4 |
NCM
Newfoundland Capital Management
Sao Paulo,
Brazil
|
+$8.87M |
| 5 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
+$8.79M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IUHSA
Itau Unibanco Holding S.A.
Sao Paulo,
Brazil
|
-$41.5M |
| 2 |
Nordea Investment Management
Stockholm,
Sweden
|
-$21.1M |
| 3 |
Renaissance Technologies
New York
|
-$20.3M |
| 4 |
Goldman Sachs
New York
|
-$15.8M |
| 5 |
VPI
VELT Partners Investimentos
Sao Paolo,
Brazil
|
-$14.6M |
CZZ Hedge Fund Activity: Q3 2020 in Review
104 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in Cosan Limited (CZZ) for Q3 2020, worth a combined $757M — down 9.9% from $840M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of CZZ and 20 opened new positions — a net loss of 1 holder — while 38 trimmed existing stakes and 27 added.
The largest buyer was Dynamo Administracao de Recursos, adding an estimated $21.8M. The largest seller was Itau Unibanco Holding S.A., cutting an estimated $41.5M.
- 104 institutional investors held Cosan Limited (CZZ) as of Q3 2020, down from 105 in Q2 2020.
- Funds reported $757M of Cosan Limited stock for Q3 2020, down 9.9% quarter-over-quarter.
- 20 funds opened new Cosan Limited positions in Q3 2020 and 21 closed out, a net change of -1 holder.
- The largest Cosan Limited buyer in Q3 2020 was Dynamo Administracao de Recursos, an estimated $21.8M added.
- The largest Cosan Limited seller in Q3 2020 was Itau Unibanco Holding S.A., an estimated $41.5M sold.
Based on aggregated 13F filings for Q3 2020.