UGPNYSENatural Gas DistributionFiscal year ends December 31
ULTRAPAR HOLDINGS INC
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 29, 2026
$7.77−0.03 (-0.38%)
Close on Oct 19, 2026
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
5.3%
56M of 1.07B shares
Institutional holders
178
46 new, 20 sold out
Net institutional buying
-6M
In Q2 2026
Insider trades, 12 months
0 buys · 5 sales
Net sold $1.04M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 56,985,856 | 5.10% | 13G (passive) amendment | Jun 30, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of UGP | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Bizma Investimentos Ltda | 7,330,544 | 0.69% | $36.80M | −5,396,678 | 11.39% |
| Qube Research & Technologies Ltd | 5,623,847 | 0.53% | $28.23M | +3,172,325 | 0.03% |
| BlackRock, Inc. | 5,578,601 | 0.52% | $28.00M | +1,638,505 | 0.00% |
| Morgan Stanley | 4,888,789 | 0.46% | $24.54M | +21,388 | 0.00% |
| American Century Companies Inc | 4,044,297 | 0.38% | $20.30M | +329,218 | 0.01% |
| Marshall Wace, Llp | 3,193,062 | 0.30% | $16.03M | +1,431,153 | 0.01% |
| Renaissance Technologies LLC | 2,237,585 | 0.21% | $11.23M | −1,503,115 | 0.02% |
| Jane Street Group, LLC | 1,954,795 | 0.18% | $9.81M | +638,786 | 0.00% |
| Arrowstreet Capital, Limited Partnership | 1,779,378 | 0.17% | $8.93M | +852,162 | 0.00% |
| Goldman Sachs Group Inc | 1,354,416 | 0.13% | $6.80M | −4,159,320 | 0.00% |
| Dimensional Fund Advisors LP | 844,993 | 0.08% | $4.24M | −100,632 | 0.00% |
| Two Sigma Investments, LP | 802,011 | 0.08% | $4.03M | −144,110 | 0.00% |
| Kapitalo Investimentos Ltda | 779,409 | 0.07% | $3.91M | −136,059 | 0.25% |
| Point72 Asset Management, L.P. | 611,673 | 0.06% | $3.07M | +356,163 | 0.00% |
| Connor, Clark & Lunn Investment Management Ltd. | 586,328 | 0.05% | $2.94M | +316,067 | 0.01% |
| UBS Group AG | 569,124 | 0.05% | $2.86M | −1,380,894 | 0.00% |
| Hsbc Holdings PLC | 504,999 | 0.05% | $2.53M | +54,331 | 0.00% |
| Invesco Ltd. | 485,891 | 0.05% | $2.44M | −38,140 | 0.00% |
| JPMorgan Chase & Co | 474,871 | 0.04% | $2.40M | −494,126 | 0.00% |
| Optiver Holding B.V. | 468,922 | 0.04% | $2.35M | +15,467 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 178 | 56M | 5.3% | 46 / 53 | 59 / 20 | 13M | 20M |
| Q1 2026 | 156 | 63M | 5.8% | 33 / 67 | 35 / 19 | 10M | 9M |
| Q4 2025 | 143 | 62M | 5.8% | 37 / 59 | 36 / 11 | 17M | 12M |
| Q3 2025 | 123 | 58M | 5.4% | 22 / 42 | 43 / 23 | 14M | 20M |
| Q2 2025 | 126 | 64M | 6.0% | 23 / 55 | 33 / 11 | 9M | 8M |
| Q1 2025 | 117 | 63M | 5.9% | 19 / 43 | 41 / 15 | 11M | 9M |
| Q4 2024 | 116 | 61M | 5.7% | 16 / 58 | 33 / 16 | 15M | 3M |
| Q3 2024 | 116 | 48M | 4.5% | 14 / 45 | 43 / 15 | 11M | 8M |
| Q2 2024 | 119 | 50M | 4.7% | 13 / 48 | 46 / 21 | 9M | 8M |
| Q1 2024 | 129 | 50M | 4.7% | 18 / 62 | 35 / 7 | 11M | 2M |
| Q4 2023 | 119 | 41M | 3.9% | 32 / 41 | 31 / 11 | 6M | 4M |
| Q3 2023 | 99 | 40M | 3.7% | 22 / 33 | 23 / 11 | 6M | 5M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of UGP | Value | % of fund | As of |
|---|---|---|---|---|---|
| Avantis Emerging Markets Equity ETF | 3,744,217 | 0.35% | $19.40M | 0.07% | May 31, 2026 |
| Dimensional World ex. U.S. Core Equity 2 ETF | 192,961 | 0.02% | $1.25M | 0.01% | Jul 31, 2026 |
| AdvisorShares Dorsey Wright ADR ETF | 188,536 | 0.02% | $946.45K | 2.27% | Jun 30, 2026 |
| ActivePassive International Equity ETF | 183,864 | 0.02% | $952.42K | 0.09% | May 31, 2026 |
| Invesco Zacks Multi-Asset Income ETF | 154,023 | 0.01% | $1.00M | 0.80% | Jul 31, 2026 |
| Avantis Emerging Markets Equity Fund | 142,929 | 0.01% | $740.37K | 0.06% | May 31, 2026 |
| Emerging Markets Core Equity 2 Portfolio | 88,759 | 0.01% | $576.93K | 0.00% | Jul 31, 2026 |
| Avantis Emerging Markets ex-China Equity ETF | 85,690 | 0.01% | $443.87K | 0.11% | May 31, 2026 |
| Dimensional Emerging Markets Core Equity 2 ETF | 82,682 | 0.01% | $537.43K | 0.01% | Jul 31, 2026 |
| Dimensional Emerging Core Equity Market ETF | 74,084 | 0.01% | $481.55K | 0.01% | Jul 31, 2026 |
| Dimensional Emerging Markets Sustainability Core 1 ETF | 69,669 | 0.01% | $452.85K | 0.08% | Jul 31, 2026 |
| Tax-Managed Real Assets Fund | 69,292 | 0.01% | $450.40K | 0.03% | Jul 31, 2026 |
| Parvin Hedged Equity Solari World Fund | 57,500 | 0.01% | $297.85K | 2.22% | May 31, 2026 |
| The Emerging Markets Series | 36,606 | 0.00% | $237.94K | 0.00% | Jul 31, 2026 |
| Dimensional Emerging Markets ex China Core Equity ETF | 30,023 | 0.00% | $195.15K | 0.06% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Alexandre Mendes Palhares | CFO and IRO | – | – | Sep 25, 2026 |
| Rodrigo de Almeida Pizzinatto | Chief Executive Officer | 658,714 | 0.06% | Sep 25, 2026 |
| Oliveira Manuella Carvalho Campos de | People Officer | – | – | Sep 25, 2026 |
| Andre Saleme Hachem | CFO and IRO Hidrovias | 25,675 | 0.00% | Sep 23, 2026 |
| Decio de Sampaio Amaral | CEO Hidrovias | 206,726 | 0.02% | Sep 18, 2026 |
| Leonardo Remiao Linden | CEO Ipiranga | 257,135 | 0.02% | Sep 14, 2026 |
| Pedro Guedes Rabelo | Financial Officer Ipiranga | 57,898 | 0.01% | Sep 14, 2026 |
| Fulvius Alexandre Pereira Tomelin | CEO Ultracargo | – | – | Apr 28, 2026 |
| Souza Fernanda Teves de | Risk, Integrity & Audit Offic. | 57,214 | 0.01% | Apr 28, 2026 |
| Julio Cesar Nogueira | Financial Officer Ultragaz | 326,486 | 0.03% | Apr 28, 2026 |
| Andre Gustavo Zaia | Financial Officer Ultracargo | 9,111 | 0.00% | Apr 28, 2026 |
| Marina Guimaraes Moreira Mascarenhas | Legal Officer | – | – | Apr 28, 2026 |
| Tabajara Bertelli Costa | CEO Ultragaz | 482,849 | 0.05% | Apr 28, 2026 |
| Marcos M. Lutz | Director | 640,072 | 0.06% | Apr 22, 2026 |
| de Lima Marcelo Faria | Director | 30,128 | 0.00% | Apr 6, 2026 |
| Neto Francisco Sa | Director | 46,696 | 0.00% | Mar 25, 2026 |
| Peter Paul Lorenco Estermann | Director | 30,128 | 0.00% | Mar 25, 2026 |
| Jorge Marques De Toledo Camargo | Director | 100,428 | 0.01% | Mar 25, 2026 |
| Almeida Flavia Buarque De | Director | 38,928 | 0.00% | Mar 25, 2026 |
| Vania Maria Lima Neves | Director | 0 | – | Mar 24, 2026 |
| Jose Mauricio Pereira Coelho | Director | 30,128 | 0.00% | Mar 24, 2026 |
| Fabio Venturelli | Director | 30,128 | 0.00% | Mar 18, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Andre Saleme Hachem CFO and IRO Hidrovias | Sep 22, 2026 | Sale | −39,200 | $7.67 | $300.66K | 25,675 |
| Decio de Sampaio Amaral CEO Hidrovias | Sep 16, 2026 | Award | +140,000 | – | – | 291,432 |
| Pedro Guedes Rabelo Financial Officer Ipiranga | Sep 10, 2026 | Sale | −30,000 | $7.58 | $227.40K | 57,898 |
| Leonardo Remiao Linden CEO Ipiranga | Sep 10, 2026 | Sale | −60,000 | $7.57 | $454.20K | 257,135 |
| Decio de Sampaio Amaral CEO Hidrovias | Sep 1, 2026 | Sale | −8,000 | $6.93 | $55.44K | 151,432 |
| Andre Saleme Hachem CFO and IRO Hidrovias | Aug 18, 2026 | Sale | −585 | $6.51 | $3.81K | 64,875 |
| Decio de Sampaio Amaral CEO Hidrovias | May 28, 2026 | Returned to company | −47,294 | – | – | 159,432 |
| Decio de Sampaio Amaral CEO Hidrovias | Apr 20, 2026 | Award | +78,824 | – | – | 206,726 |
| Andre Gustavo Zaia Financial Officer Ultracargo | Apr 20, 2026 | Award | +9,111 | – | – | 9,111 |
| Pedro Guedes Rabelo Financial Officer Ipiranga | Apr 20, 2026 | Award | +40,865 | – | – | 87,898 |
| Andre Saleme Hachem CFO and IRO Hidrovias | Apr 20, 2026 | Award | +40,275 | – | – | 65,460 |
| Leonardo Remiao Linden CEO Ipiranga | Apr 20, 2026 | Award | +149,326 | – | – | 317,135 |
| Tabajara Bertelli Costa CEO Ultragaz | Apr 20, 2026 | Award | +90,386 | – | – | 482,849 |
| Decio de Sampaio Amaral CEO Hidrovias | Apr 20, 2026 | Award | +78,824 | – | – | 206,726 |
| Marcos M. Lutz Director | Apr 20, 2026 | Award | +634,346 | – | – | 636,468 |
| Julio Cesar Nogueira Financial Officer Ultragaz | Apr 20, 2026 | Award | +43,153 | – | – | 326,486 |
| Souza Fernanda Teves de Risk, Integrity & Audit Offic. | Apr 20, 2026 | Award | +28,769 | – | – | 57,214 |
| Rodrigo de Almeida Pizzinatto Chief Executive Officer | Apr 20, 2026 | Award | +134,638 | – | – | 658,714 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| De Sa Neto Francisco Director | Oct 14, 2026 | 130,000 | $1.01M | Oct 14, 2026 | Transfer |