Who holds it, who is betting against it, and where the big money is moving
Net of large-order buying minus selling, in USD. Over this window: −$1.20M (7 inflow days, 13 outflow days).
Super/Big orders approximate institutional-size trades; Mid/Small approximate retail-size trades. Net buy minus sell value in each bucket, summed over the window.
The five largest holders on file together own 66.0% of shares outstanding.
Reported short interest has risen from 0.43% to 1.71% of float over the last 6 biweekly reports (30 Jun 2026 to 15 Sep 2026).
| Holder | Type | Period | Share change | New stake |
|---|---|---|---|---|
| Helikon Investments Limited | Hedge Fund | 2026/Q3 | +477,516 | 5.9% |
| Orbis Investment Management Limited | Mutual Fund | 2026/Q3 | +400,780 | 1.1% |
| Mirae Asset Global Investments Co., Ltd | Mutual Fund | 2026/Q3 | +172,207 | 1.1% |
| UBS Asset Management | Mutual Fund | 2026/Q3 | +132,294 | 0.2% |
| Dauntless Investment Group, Llc | Mutual Fund | 2026/Q3 | +126,542 | 0.2% |
| Praetorian PR LLC | Hedge Fund | 2026/Q3 | +85,000 | 0.1% |
| Stonehill Capital Management LLC | Hedge Fund | 2026/Q3 | +80,673 | 0.1% |
| Centerbook Partners LP | Hedge Fund | 2026/Q3 | +78,651 | 0.1% |
| OceanIQ Capital, LLC | Mutual Fund | 2026/Q3 | +66,588 | 0.1% |
| Jane Street Group, LLC | Private Company | 2026/Q3 | +45,847 | 0.1% |
| Raymond James Financial, Inc. | Public Company | 2026/Q3 | +20,721 | 0.0% |
| Hudson River Trading LLC | Private Company | 2026/Q3 | +14,849 | 0.0% |
| GSA Capital Partners LLP | Hedge Fund | 2026/Q3 | +13,795 | 0.0% |
| Leap Investments LP | Mutual Fund | 2026/Q3 | +13,242 | 0.0% |
| Marathon Asset Management Limited | Mutual Fund | 2026/Q3 | +7,752 | 0.0% |
Institutional buy/sell activity by reporting period, largest moves first.
| Date | Insider | Title | Transaction | Shares | Price | Held after |
|---|---|---|---|---|---|---|
| 19 Aug 2026 | Alejandro Gustavo Elsztain | Second Vice-Chairman | Other Disposition | -6,645 | – | 5,010,638 |
| 29 Jun 2026 | Jorge Cruces | Chief Investment Officer | Private Disposition | -24,913 | $1.53 | – |
| 11 May 2026 | Matias Gaivironsky | Chief Financial & Administrative Officer | Derivative Exercise and Retained | +174,198 | – | 403,985 |
| 8 Apr 2026 | Fernando Adrian Elsztain | Director | Private Disposition | -5,524 | $1.69 | – |
| 18 Mar 2026 | Matias Gaivironsky | Chief Financial & Administrative Officer | Initial Statement of Beneficial | +0 | – | 130,018 |
| 18 Mar 2026 | Eduardo Sergio Elsztain | Chairperson & CEO | Open Market Disposition | -30,428 | $2,156.03 | 10,253,089 |
| 17 Mar 2026 | Fernando Adrian Elsztain | Director | Initial Statement of Beneficial | +0 | – | 5,524 |
| 17 Mar 2026 | Alejandro Gustavo Elsztain | Second Vice-Chairman | Initial Statement of Beneficial | +0 | – | 5,017,283 |
| 17 Mar 2026 | Saul Zang | First Vice Chairman & Acting President | Initial Statement of Beneficial | +0 | – | 1,772,670 |
| 17 Mar 2026 | Jorge Cruces | Chief Investment Officer | Initial Statement of Beneficial | +0 | – | 49,826 |
| 17 Mar 2026 | Matias Gaivironsky | Chief Financial & Administrative Officer | Initial Statement of Beneficial | +0 | – | 9,817 |
| 17 Mar 2026 | Nicolas Bendersky | Director | Initial Statement of Beneficial | +0 | – | 61,460 |
| 4 Feb 2026 | Eduardo Sergio Elsztain | Chairperson & CEO | Intent to Sell (Form 144) | -4,434,647 | $1.67 | – |
| 19 May 2025 | Eduardo Sergio Elsztain | Chairperson & CEO | Intent to Sell (Form 144) | -127,551 | $15.68 | – |
From Form 4/Form 144 filings. Negative share counts are disposals (sales, gifts, or shares withheld for taxes); positive are acquisitions.
| Report date | Shares short | % of float | Days to cover |
|---|---|---|---|
| 15 Sep 2026 | 1,442,957 | 1.7% | 7.1 |
| 31 Aug 2026 | 1,228,045 | 1.5% | 9.5 |
| 14 Aug 2026 | 981,570 | 1.2% | 8.7 |
| 31 Jul 2026 | 934,357 | 1.1% | 5.3 |
| 15 Jul 2026 | 301,923 | 0.4% | 2.4 |
| 30 Jun 2026 | 363,216 | 0.4% | 3.9 |
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