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LTM

LATAM Airlines Group S.A.
LTM

125 hedge funds and large institutions have $1.54B invested in LATAM Airlines Group S.A. in 2025 Q4 according to their latest regulatory filings, with 45 funds opening new positions, 41 increasing their positions, 33 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

41% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 32

24% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 33

11% more funds holding

Funds holding: 113 → 125 (+12)

6% more capital invested

Capital invested by funds: $1.46B → $1.54B (+$81.3M)

1.23% less ownership

Funds ownership: 10.65% → 9.42% (-1.2%)

29% less funds holding in top 10

Funds holding in top 10: 7 → 5 (-2)

84% less call options, than puts

Call options by funds: $5.87M | Put options by funds: $37.5M

Holders
125
Holders Change
+12
Holders Change %
+10.62%
% of All Funds
1.52%
Holding in Top 10
5
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-28.57%
% of All Funds
0.06%
New
45
Increased
41
Reduced
33
Closed
32
Calls
$5.87M
Puts
$37.5M
Net Calls
-$31.7M
Net Calls Change
+$1.91M

Top Buyers

1
IUHSA
Itau Unibanco Holding S.A.
Brazil
+$73.2M
2
II
INCA Investments
Florida
+$38.2M
3
William Blair Investment Management
William Blair Investment Management
Illinois
+$33.3M
4
Robeco Institutional Asset Management
Robeco Institutional Asset Management
Netherlands
+$22.5M
5
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
+$18.4M

Top Sellers

1
Jane Street
Jane Street
New York
-$52.2M
2
OPAM
Olympus Peak Asset Management
Connecticut
-$46.8M
3
BGM
Burkehill Global Management
New York
-$43M
4
GCM
Ghisallo Capital Management
Massachusetts
-$38M
5
ZP
Zimmer Partners
New York
-$37.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
BGM
126
Burkehill Global Management
New York
– -$43M -950,000 Closed
GCM
127
Ghisallo Capital Management
Massachusetts
– -$38M -840,193 Closed
ZP
128
Zimmer Partners
New York
– -$37.3M -825,000 Closed
PPFA
129
Provida Pension Fund Administrator
Chile
– -$19.2M -425,000 Closed
WHGC
130
Wealth High Governance Capital
Brazil
– -$8.14M -180,000 Closed
MIM
131
Monashee Investment Management
Massachusetts
– -$6.11M -135,000 Closed
BGDI
132
BW Gestao de Investimentos
Brazil
– -$5.43M -120,000 Closed
SC
133
Shellback Capital
Massachusetts
– -$4.53M -100,000 Closed
Tudor Investment Corp
134
Tudor Investment Corp
Connecticut
– -$3.66M -80,936 Closed
ECM
135
ExodusPoint Capital Management
New York
– -$2.98M -65,912 Closed
BHMP
136
Bardin Hill Management Partners
New York
– -$2.97M -65,709 Closed
Blackstone Inc
137
Blackstone Inc
New York
– -$2.26M -50,000 Closed
BCM
138
BlueCrest Capital Management
Jersey
– -$2.26M -50,000 Closed
CC
139
Centiva Capital
New York
– -$2.26M -50,000 Closed
HCM
140
Heights Capital Management
California
– -$2.26M -50,000 Closed
MS
141
Maven Securities
Jersey
– -$1.81M -40,000 Closed
KWM
142
Kiker Wealth Management
Georgia
– -$1.71M -37,891 Closed
F1I
143
Fund 1 Investments
Puerto Rico
– -$1.58M -35,000 Closed
ECM
144
Element Capital Management
New York
– -$1.29M -28,456 Closed
GCP
145
GSA Capital Partners
United Kingdom
– -$1.28M -28,188 Closed
Zurich Cantonal Bank
146
Zurich Cantonal Bank
Switzerland
– -$1.21M -25,618 Closed
TCM
147
Thomist Capital Management
Texas
– -$801K -17,945 Closed
SRL
148
Scientech Research LLC
New Jersey
– -$732K -16,182 Closed
VSI
149
Verde Servicos Internacionais
Brazil
– -$679K -15,000 Closed
FC
150
FORA Capital
Florida
– -$587K -12,968 Closed
3 4 5
6
7

LTM Hedge Fund Activity: Q4 2025 in Review

125 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in LATAM Airlines Group S.A. (LTM) for Q4 2025, worth a combined $1.54B — up 5.6% from $1.46B a quarter earlier.

Buyers outnumbered sellers: 45 funds opened new LTM positions and 32 closed out — a net gain of 13 holders — while 41 added to existing stakes and 33 trimmed.

The largest buyer was Itau Unibanco Holding S.A., opening a new position worth an estimated $73.2M. The largest seller was Jane Street, cutting an estimated $52.2M.

  • 125 institutional investors held LATAM Airlines Group S.A. (LTM) as of Q4 2025, up from 113 in Q3 2025.
  • Funds reported $1.54B of LATAM Airlines Group S.A. stock for Q4 2025, up 5.6% quarter-over-quarter.
  • 45 funds opened new LATAM Airlines Group S.A. positions in Q4 2025 and 32 closed out, a net change of +13 holders.
  • The largest LATAM Airlines Group S.A. buyer in Q4 2025 was Itau Unibanco Holding S.A., an estimated $73.2M added.
  • The largest LATAM Airlines Group S.A. seller in Q4 2025 was Jane Street, an estimated $52.2M sold.

Based on aggregated 13F filings for Q4 2025.