UGP Ultrapar Participacoes S.A.

XNYS 7.97 Delayed
Find condors

Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

UGP $7.97 —
Key stats
$7.97
Pre-market $7.85 -1.51%
52-Week Range
$3.60 – $8.28
YTD
+108.64%
IV Rank (30D)
13.55
Straddle Price
$1.10
P/C Vol Ratio
0.24
Market Cap
$8.5B
Open
$8.01
Day Range
$7.94 – $8.05
Volume
3,015,844
Prev Close
$7.94
Fair Value
MODEL: SHORT

A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.

  • DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
  • Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
  • DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
  • P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
  • Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
  • Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
  • Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
  • Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
10-yr Treasury (rf)5.15%
Beta vs SPY0.71
Cost of Equity (CAPM)8.69% (VRP-adj)
WACC8.69%
Volatility Risk Premium+113.8pp (IV − HV30)
Effective Tax Rate21.0%
Rev. Growth (YoY, DCF input)+3.0%
DCF Horizon5 years explicit + fade
Forward Tilt (NTM/TTM)×1.03 (applied to P/E, EV/EBITDA, P/S)
Quality Score0/6 — cyclical/struggling (5y DCF)
SMA 50$7.24 (Market Anchor value)
SMA 20 / Bollinger Mid$7.64
Bollinger Width / SMA20180.5% (drives anchor stability)
Net Debt$0.0B
Peers used for multiples: ABVX, BBVA, BCS, BVN, GFI, MUFG, NOK, TSM
60-Day Conviction
38%
20-Day Fair Value
≈ by Nov 20, 2026
$8.04
α +0.8% rank 33%
conviction
52%
40-Day Fair Value
≈ by Dec 21, 2026
$8.04
α +0.9% rank 33%
conviction
26%
60-Day Fair Value
≈ by Jan 19, 2027
$7.89
α -1.0% rank 33%
conviction
38%
MethodImplied PriceWeightDetail
DCF n/a 0%
DDM (Gordon) $6.85 0%
Peer P/E n/a 0%
Peer EV/EBITDA n/a 0%
Peer P/B n/a 0%
Peer P/S n/a 0%
Market Anchor (SMA50) $7.24 100% stability 67% (BB-width)
Options Expected (B-L 30d) n/a 0%
As of 2026-10-22 · updated
About
Industry (SIC)
NATURAL GAS DISTRIBUTION (4924) · industry map
Exchange
XNYS
Market Cap
$8.5B
Employees
11,481
List Date
1999-10-07
CIK
0001094972
Next Earnings
2026-11-11
EPS Forecast
$0.25 (1 est.)
Homepage
https://www.ultra.com.br

Ultrapar Participacoes SA engages in the investment of its own capital in services, commercial, and industrial activities, through the subscription or acquisition of shares of other companies. The company's business segments include: i) Ultragaz distributes LPG in the segments: bulk, comprising condominiums, trade, services, industries, and agribusiness; and bottled, mainly comprising residential consumers. ii) Ipiranga, the majority revenue generating segment, engages in the distribution and sale of oil-related products to service stations that operate under the Ipiranga brand throughout Braz…

Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
'21'22'23'24'25'26Avg
Jan-12.88%13.94%19.72%5.74%7.98%25.13%9.94%
Feb-14.25%2.46%-1.55%2.25%-1.38%4.34%-1.36%
Mar13.02%3.41%7.91%-4.51%8.45%10.87%6.52%
Apr6.01%-14.42%4.36%-10.04%1.61%6.58%-0.98%
May-8.02%20.48%16.96%-12.45%-8.36%-13.23%-0.77%
Jun-7.39%-20.07%13.58%-11.34%15.90%-0.99%-1.72%
Jul-5.79%7.79%-0.25%2.07%-7.55%31.18%4.58%
Aug-18.37%5.56%-7.14%5.58%19.28%2.62%1.26%
Sep-3.91%-17.05%-0.27%-3.48%12.95%6.55%-0.87%
Oct-17.08%5.67%12.01%-7.65%0.00%8.58%*0.26%
Nov10.34%-2.52%21.77%-15.71%3.53%--3.48%
Dec6.88%-11.36%3.44%-11.45%-5.51%---3.60%
Total-44.90%-14.26%129.81%-48.31%51.86%106.42%30.10%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $7.64
SMA 50: $7.24
SMA 200: $5.83
Current: $7.97
EMA 12: $7.79
EMA 26: $7.60
MACD: 0.1820 | Signal: -0.0057
BULLISH
ADX (14): 25.25
TREND
+DI: 28.74
−DI: 16.52

Momentum Oscillators

RSI (14): 64.98
NEUTRAL
Stoch %K: 65.93
Stoch %D: 60.88
Williams %R: -27.31

Volume & Volatility

BB Upper: $8.16
BB Lower: $7.11
NEUTRAL
OBV: 127,008,718
Vol SMA 20: 4,553,578
Vol ROC: -36.64%
ATR: $0.25
True Range: $0.11
HV 20: 33.0%
HV 30: 28.1%
HV 60: 33.8%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis

Stock Analysis Report: UGP

Executive Summary

Overall Assessment: BULLISH | Confidence Level: 6/10

UGP presents a moderately bullish technical setup with defensive characteristics. The stock is trading above all major moving averages with a bullish MACD crossover, supported by overwhelmingly positive recent news sentiment and a low-risk beta profile (0.62). However, the weak trend strength (ADX 24.98) and declining volume (-81.71% rate of change) temper conviction. The bullish case rests on technical momentum and positive news flow, but institutional buying pressure appears to be waning.

Key Drivers:

  • Positive news narrative across multiple analyst screens (momentum, value, income stocks)
  • Technical alignment: price above all SMAs with bullish MACD histogram (0.19)
  • Defensive risk profile with low beta and positive alpha (0.66)

Primary Risks:

  • Severely declining volume suggests weakening institutional commitment
  • Weak trend strength limits conviction in sustained upside
  • Elevated historical volatility (34.1% HV60) relative to current IV environment

Investment Thesis: UGP appears positioned as a defensive income/value play gaining analyst attention, supported by intact technical uptrend and bullish momentum indicators. However, volume deterioration signals potential momentum exhaustion, suggesting the current rally may face headwinds without renewed institutional accumulation ahead of November earnings.

Technical Analysis

Trend Direction

Short-term (1-4 weeks): BULLISH

  • Price at $7.74 trades decisively above SMA 20 ($7.61), SMA 50 ($7.16), and SMA 200 ($5.79)
  • EMA 12 ($7.71) sits just below current price, showing recent upside momentum
  • Spread between EMA 12 and EMA 26 ($7.54) is tight (0.17), indicating consolidation within uptrend

Medium-term (1-3 months): BULLISH

  • Price is 33.8% above 200-day moving average ($5.79), establishing clear uptrend
  • Higher highs pattern suggested by EMA positioning above longer-term SMAs
  • Uptrend appears intact but lacking acceleration

Long-term (3-12 months): BULLISH

  • 200-day SMA at $5.79 represents solid uptrend foundation
  • Price has maintained position above this key support level, suggesting sustained institutional positioning

Support/Resistance Levels

Resistance:

  • Upper Bollinger Band: $8.09 — Primary technical resistance; stock currently 4.3% below
  • $8.00 (psychological) — Round number resistance likely tested before breakout
  • $8.25-$8.35 — Potential longer-term resistance if breakout above $8.09 occurs

Support:

  • Bollinger Band Middle ($7.61) — 20-day MA providing immediate support; 0.17% below current price
  • SMA 50: $7.16 — Strong intermediate support, 7.5% below current level
  • SMA 200: $5.79 — Major long-term support, 25.3% below current level

Momentum Signals

RSI (14): 57.91 — NEUTRAL

  • Reading in optimal neutral zone (30-70), neither overbought nor oversold
  • Indicates room for upside momentum without exhaustion signals
  • Not yet at bullish extremes that would signal over-extension

MACD: BULLISH CROSSOVER

  • MACD (0.17) trades above Signal line (-0.02)
  • Histogram at 0.19 confirms bullish momentum building
  • However, histogram remains modest in magnitude, suggesting moderate bullish momentum rather than explosive strength
  • Classic early-stage bullish crossover setup

Stochastic Oscillators: NEUTRAL with SLIGHT BULLISH BIAS

  • %K at 53.64 and %D at 57.07 show %D above %K (rare bullish crossover signal)
  • Both readings in upper-neutral territory (above 50), suggesting momentum but not overbought
  • Williams %R at -48.02 (neutral zone) supports lack of extremes

Bollinger Bands: NEUTRAL

  • Width at 12.67% indicates low squeeze conditions
  • Price at $7.74 positioned slightly above middle band ($7.61)
  • No indication of imminent breakout or mean reversion; consolidation pattern

Volume Analysis

Critical Warning Signal: Volume Deterioration

  • Volume Rate of Change: -81.71% — Severe decline in trading volume
  • Current volume (implied from SMA 20: 4,577,605) is significantly below recent daily volumes
  • This suggests institutional buyers may be stepping back despite technical strength

On-Balance Volume: 118,024,729.59

  • Cumulative positive reading indicates accumulated buying pressure over time
  • However, current negative volume ROC suggests this momentum is stalling

Interpretation: The divergence between technical bullish signals and volume deterioration is a key concern. While OBV remains positive, the sharp -81.71% volume decline suggests that:

  1. Institutional interest may be fading despite technical strength
  2. Current price levels may face resistance without renewed buying
  3. Potential for pullback if volume doesn't recover soon

News & Sentiment Analysis

Recent Headlines Summary

News Pattern: Generic Analyst Screens (October 16, 2026)

  • UGP appears on multiple "Best Stocks" lists from Zacks: momentum, strong buy, income, value categories
  • Suggests analyst perception of multi-factor appeal
  • October 14 comparative analysis (UGP vs. ENB) indicates competitive positioning as value/income option

Sector Context:

  • Reference to HF Sinclair (DINO) in energy sector (October 5) suggests energy sector was in focus period
  • UGP likely benefits from positive energy sector momentum if it's energy/utility-related

Sentiment Assessment: POSITIVE | Aggregate Confidence: MODERATE

  • Bullish Signal: 5 of 5 most recent headlines (as of Oct 16) carry positive sentiment
  • Limitation: Headlines are generic "best stocks" lists rather than company-specific catalysts
  • Implication: Positive but non-specific; suggests technical factors or valuation attracted analyst screens rather than fundamental catalysts

Catalyst Identification

Immediate (1-7 days):

  • No material catalysts identified in provided news
  • Generic analyst inclusion may provide modest buying interest

Near-term (1-4 weeks):

  • Next Earnings: November 11, 2026 (26 days away) — PRIMARY CATALYST
  • Earnings will test current technical momentum and provide fundamental validation/invalidation

Medium-term (1-3 months):

  • Q3/Q4 seasonal energy/utility dynamics
  • Broader energy sector momentum (if applicable to UGP)

Market Narrative: ALIGNMENT WITH TECHNICAL SIGNALS

Concordance:

  • News sentiment (positive) aligns with technical bullish setup (price above MAs, MACD bullish)
  • Stock appearing on multiple analyst screens suggests institutional awareness
  • Technical momentum and news flow reinforce each other

Disconnect:

  • Volume collapse (-81.71%) contradicts bullish news narrative
  • If news is genuinely positive, volume should increase; decline suggests skepticism

Risk & Volatility Assessment

Beta Interpretation: LOW-RISK/DEFENSIVE PROFILE

Beta: 0.62 vs SPY — DEFENSIVE

  • Stock exhibits 38% less volatility than broad market
  • Moves $0.62 for every $1 move in S&P 500
  • Characteristic of utility or dividend-paying stocks with stable cash flows
  • Implication: Limited upside capture in strong bull markets, but downside protection in corrections

Alpha: 0.66 — POSITIVE OUTPERFORMANCE

  • Stock has outperformed risk-adjusted expectations
  • Suggests stock-specific positive drivers beyond market beta
  • Supports analyst inclusion on "best stocks" lists

Correlation (R²): 0.23 — LOW MARKET DEPENDENCE

  • Only 23% of stock's movement explained by market movements
  • 77% driven by stock-specific factors
  • Increases idiosyncratic risk but also independence from market direction

Volatility Regime Analysis

Historical Volatility:

  • HV20 (20-day): 32.6%
  • HV30 (30-day): 28.3%
  • HV60 (60-day): 34.1%

Assessment:

  • Volatility elevated at 32.6-34.1% annu
Generated
News
All UGP news →

UGP Options Activity & IV Rank

UGP IV rank history, 52-week IV rank and IV percentile →

Volatility Metrics

Current IV: 58.5%
7-DTE IV: —
Expected Move: $1.10
7-DTE Move: $1.10
Days to Exp: 30 (2026-11-20)

Options Flow

Call Volume: 49
Put Volume: 12
P/C Volume: 0.245
BULLISH
Call OI: 1,431
Put OI: 127
P/C OI: 0.089
Total OI: 1,558

ATM Options Pricing

ATM Call: $0.85
ATM Put: $0.25
Call %: 10.7%
Put %: 3.1%

Chain Summary

Chain Volume: 222
Chain OI: 1,821
Last Updated: 10/21/2026
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Dealer Positioning
TYPICAL γ

Estimated net dealer gamma is at the 76th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.

Gamma percentile
76%
vs own history
GEX tilt
+0.66
OI-weighted, today
Vanna tilt
-0.52
δ-sensitivity to IV
Charm tilt
+0.59
δ-decay vs time
Vanna tilt -0.52: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt +0.59: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably as time passes and options approach expiry.

Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.

Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.

Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.

This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.

· 3 ATM contracts, 1k total OI
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
as of Oct 21 · No data
30 DTE / 10d —
— pts EXTREME
as of Oct 21 · ATM 58.5% / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)13.6LowOct 21
Straddle Price (30 DTE)$1.10Oct 21
Beta Analysis

Risk Metrics

Beta: 0.6217
Alpha: 71.08%
Correlation: 0.2293
R-Squared: 5.3%
Stock Volatility: 34.4%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own UGP
5 of 37 tracked investors
InvestorValueShare of their portfolioRankQ/Q sharesSource
Renaissance Technologies Hedge fund
Jim Simons
$11.2M
0.02%
#995 of 3138-40.2%13F
Point72 Hedge fund
Steve Cohen
$3.1M
0.00%
#1146 of 1945+139.4%13F
Citadel Hedge fund
Ken Griffin
$2.0M
0.00%
#2897 of 6285-55.6%13F
Millennium Management Hedge fund
Izzy Englander
$1.6M
0.00%
#2701 of 3716-78.3%13F
Rockefeller Capital Management Family office
Rockefeller family
$92K
0.00%
#3026 of 4729+3.7%13F

Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions

UGP Institutional Ownership (13F)

Latest filings — 2026-09-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

194 filers58,818,293 shares$295.53M value
# Filer Shares Value % of Total % of Float Period
1 Naman Capital Ltda 7,330,544 $36.80M 12.45% — 2026-06-30
2 Qube Research & Technologies Ltd 5,623,847 $28.23M 9.55% — 2026-06-30
3 BlackRock, Inc. Custodian 5,578,601 $28.00M 9.48% — 2026-06-30
4 Morgan Stanley Custodian 4,888,789 $24.54M 8.30% — 2026-06-30
5 American Century Companies, Inc. 4,044,297 $20.30M 6.87% — 2026-06-30
6 Marshall Wace, LLP Custodian 3,193,062 $16.03M 5.42% — 2026-06-30
7 RENAISSANCE TECHNOLOGIES LLC 2,237,585 $11.23M 3.80% — 2026-06-30
8 Jane Street Group, LLC Custodian 1,954,795 $9.81M 3.32% — 2026-06-30
9 Arrowstreet Capital, Limited Partnership 1,779,378 $8.93M 3.02% — 2026-06-30
10 Goldman Sachs Group Inc Custodian 1,354,416 $6.80M 2.30% — 2026-06-30
11 Allianz Asset Management GmbH 1,335,528 $6.70M 2.27% — 2026-06-30
12 Dimensional Fund Advisors LP Custodian 844,993 $4.24M 1.44% — 2026-06-30
13 Two Sigma Investments, LP Custodian 802,011 $4.03M 1.36% — 2026-06-30
14 Kapitalo Investimentos Ltda 779,409 $3.91M 1.32% — 2026-06-30
15 Y-Intercept (Hong Kong) Ltd 483,572 $3.54M 1.20% — 2026-09-30
16 Point72 Asset Management, L.P. 611,673 $3.07M 1.04% — 2026-06-30
17 Connor, Clark & Lunn Investment Management Ltd. 586,328 $2.94M 1.00% — 2026-06-30
18 UBS Group AG Custodian 569,124 $2.86M 0.97% — 2026-06-30
19 HSBC Holdings plc Custodian 504,999 $2.53M 0.86% — 2026-06-30
20 Invesco Ltd. Custodian 485,891 $2.44M 0.83% — 2026-06-30
21 JPMorgan Chase & Co Custodian 474,871 $2.40M 0.81% — 2026-06-30
22 Optiver Holding B.V. 468,922 $2.35M 0.80% — 2026-06-30
23 LONGFELLOW INVESTMENT MANAGEMENT CO LLC 465,411 $2.34M 0.79% — 2026-06-30
24 Trexquant Investment LP 442,955 $2.22M 0.75% — 2026-06-30
25 Integrated Quantitative Investments LLC 411,256 $2.06M 0.70% — 2026-06-30
1 filers$2.51K notional
# Filer Notional Value % of Total Period
1 Simplex Trading, LLC Custodian $2.51K 100.00% 2026-06-30
# Filer Notional Value % of Total Period

UGP Insider Trading (Form 4)

Latest: 2026-10-16
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2026-10-16 Neto Francisco Sa Director Sell (S) −128,700 RSU — EDGAR
2026-09-25 Rodrigo de Almeida Pizzinatto Chief Executive Officer Grant (A) +200,000 RSU — EDGAR
2026-09-25 Alexandre Mendes Palhares CFO and IRO Grant (A) +75,000 RSU — EDGAR
2026-09-25 Manuella Carvalho Campos de Oliveira People Officer Grant (A) +50,000 RSU — EDGAR
2026-09-23 Andre Saleme Hachem CFO and IRO Hidrovias Sell (S) −39,200 $7.67 -$300.7K EDGAR
2026-09-18 Decio de Sampaio Amaral CEO Hidrovias Award (A) +78,824 — EDGAR
2026-09-18 Decio de Sampaio Amaral CEO Hidrovias Award (A) +140,000 — EDGAR
2026-09-14 Pedro Guedes Rabelo Financial Officer Ipiranga Sell (S) −30,000 $7.58 -$227.4K EDGAR
2026-09-14 Leonardo Remiao Linden CEO Ipiranga Sell (S) −60,000 $7.57 -$454.2K EDGAR
2026-09-03 Decio de Sampaio Amaral CEO Hidrovias Sell (S) −8,000 $6.93 -$55.4K EDGAR
2026-08-28 Andre Saleme Hachem CFO and IRO Hidrovias Sell (S) −585 $6.51 -$3.8K EDGAR
2026-06-23 Leonardo Remiao Linden CEO Ipiranga Grant (A) +43,913 RSU — EDGAR
2026-06-09 Decio de Sampaio Amaral CEO Hidrovias Disp (D) −47,294 — EDGAR
2026-04-28 Marina Guimaraes Moreira Mascarenhas Legal Officer Grant (A) +10,069 RSU — EDGAR
2026-04-28 Fulvius Alexandre Pereira Tomelin CEO Ultracargo Grant (A) +23,166 RSU — EDGAR
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.

UGP Insider Holdings

10 insiders · @ $7.97
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
# Insider Role Shares Disclosed Exposure Lifetime OM Net Filings Last Filed
1 Rodrigo de Almeida Pizzinatto Chief Executive Officer 658,714 $5.25M $0 3 2026-09-25
2 Marcos M Lutz Director 636,468 $5.07M $0 2 2026-04-22
3 Tabajara Bertelli Costa CEO Ultragaz 482,849 $3.85M $0 2 2026-04-28
4 Julio Cesar Nogueira Financial Officer Ultragaz 326,486 $2.60M $0 2 2026-04-28
5 Decio de Sampaio Amaral CEO Hidrovias 291,432 $2.32M -$55.4K 5 2026-09-18
6 Leonardo Remiao Linden CEO Ipiranga 257,135 $2.05M -$454.2K 3 2026-09-14
7 Pedro Guedes Rabelo Financial Officer Ipiranga 57,898 $461.4K -$227.4K 3 2026-09-14
8 Fernanda Teves de Souza Risk, Integrity & Audit Offic. 57,214 $456.0K $0 2 2026-04-28
9 Andre Saleme Hachem CFO and IRO Hidrovias 25,675 $204.6K -$304.5K 3 2026-09-23
10 Andre Gustavo Zaia Financial Officer Ultracargo 9,111 $72.6K $0 2 2026-04-28
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
ETF Holders
17 ETFs hold UGP
17 shown · $42.33M total exposure · 0.06% AUM-weighted avg weight
# ETF Provider Weight $ Exposure ETF AUM As Of
1 AVEM Avantis Emerging Markets Equity ETF Avantis 0.12% $32.9M $27.5B 2026-10-20
2 DFAX Dimensional World ex US Core Equity 2 ETF Dimensional 0.01% $1.5M $12.3B 2026-10-20
3 CVY Invesco Zacks Multi-Asset Income ETF Nport 0.80% $1.0M — 2026-07-31
4 APIE ActivePassive International Equity ETF Nport 0.09% $952,416 — 2026-05-31
5 AADR AdvisorShares Dorsey Wright ADR ETF Nport 2.27% $946,451 — 2026-06-30
6 DFAE Dimensional Emerging Core Equity Market ETF Dimensional 0.01% $920,111 $9.6B 2026-10-20
7 AVES Avantis Emerging Markets Value ETF Avantis 0.06% $885,262 $1.5B 2026-10-20
8 AVXC Avantis Emerging Markets ex-China Equity ETF Avantis 0.17% $749,203 $446.4M 2026-10-20
9 AFEM First Trust Active Factor Emerging Markets ETF First Trust 0.87% $689,915 $79.2M 2026-10-20
10 DFEM Dimensional Emerging Markets Core Equity 2 ETF Dimensional 0.01% $656,495 $9.2B 2026-10-20
11 DFSE Dimensional Emerging Markets Sustainability Core 1 ETF Dimensional 0.09% $553,172 $615.4M 2026-10-20
12 DEXC Dimensional Emerging Markets ex China Core Equity ETF Dimensional 0.08% $238,383 $288.6M 2026-10-20
13 AVNC Avantis All International Core Equity ETF Avantis 0.10% $97,630 $97.0M 2026-10-20
14 NSI National Security Emerging Markets Index ETF Nport 0.22% $90,754 — 2026-05-31
15 DEHP Dimensional Emerging Markets High Profitability ETF Dimensional 0.01% $55,580 $427.2M 2026-10-20
16 QEMM State Street® SPDR® MSCI Emerging Markets StrategicFactors℠ ETF SPDR (State Street) 0.04% $22,940 $56.7M 2026-10-20
17 ENHE iShares Enhanced Emerging Markets Active ETF iShares (BlackRock) 0.09% $8,805 $10.1M 2026-10-20
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.

Trailing P/E
—
TTM Diluted EPS
—
TTM Revenue
—
TTM Net Income
—
TTM Op. Cash Flow
—
Short Interest & Float

Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.

Metric definitions
  • Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
  • SI % of Float — short interest / free float. The key crowding metric.
  • Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
  • Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
  • Free Float — shares available for public trading (total shares minus insider / restricted).
  • Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
  • SI % of Float < 5% — typical, no particular signal.
  • 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
  • 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
  • >30% — extreme; borrow is likely expensive and squeeze risk is material.
  • Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
  • Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
  • A sudden drop in SI after a rally may indicate a squeeze in progress.

Short interest is reported mid-month and end-of-month; short volume is daily.

Short Interest
7.21M
SI % of Float
0.65%
Days to Cover
1.75
Short Vol Ratio
37.4%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21