Ultrapar
123 hedge funds and large institutions have $220M invested in Ultrapar in 2025 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 42 increasing their positions, 43 reducing their positions, and 23 closing their positions.
5% more capital invested
Capital invested by funds: $209M → $220M (+$10.8M)
0.9% less ownership
Funds ownership: 5.7% → 4.8% (-0.9%)
2% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 43
4% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 23
2% less funds holding
Funds holding: 126 → 123 (-3)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
95% less call options, than puts
Call options by funds: $11K | Put options by funds: $206K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$7.5M |
| 2 |
Millennium Management
New York
|
+$7.17M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$5.59M |
| 4 |
Goldman Sachs
New York
|
+$2.51M |
| 5 |
Optiver Holding
Amsterdam,
Netherlands
|
+$1.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCP
Polunin Capital Partners
London,
United Kingdom
|
-$31.4M |
| 2 |
BlackRock
New York
|
-$11.6M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$4.4M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$3.02M |
| 5 |
State Street
Boston,
Massachusetts
|
-$2.21M |
UGP Hedge Fund Activity: Q3 2025 in Review
123 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in Ultrapar (UGP) for Q3 2025, worth a combined $220M — up 5.2% from $209M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of UGP and 22 opened new positions — a net loss of 1 holder — while 43 trimmed existing stakes and 42 added.
The largest buyer was JP Morgan Chase, adding an estimated $7.5M. The largest seller was Polunin Capital Partners, exiting entirely with an estimated $31.4M sold.
- 123 institutional investors held Ultrapar (UGP) as of Q3 2025, down from 126 in Q2 2025.
- Funds reported $220M of Ultrapar stock for Q3 2025, up 5.2% quarter-over-quarter.
- 22 funds opened new Ultrapar positions in Q3 2025 and 23 closed out, a net change of -1 holder.
- The largest Ultrapar buyer in Q3 2025 was JP Morgan Chase, an estimated $7.5M added.
- The largest Ultrapar seller in Q3 2025 was Polunin Capital Partners, an estimated $31.4M sold.
Based on aggregated 13F filings for Q3 2025.