Polunin Liquidates 9.5M UGP Shares Worth $31.4 Million

Motley Fool10-15

Exited 9,457,242 shares, an estimated $31.40 million trade based on the average price for Q3 2025 Post-trade stake: zero shares, $0 value The stake previously accounted for 5.1% of fund ...

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The stake previously accounted for 5.1% of fund AUM, marking a full liquidation of a significant holding","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TTM":"塔塔汽车","BK4099":"汽车制造商","BK4523":"印度概念","BK4214":"汽车零售","UGP":"Ultrapar Participacoes S/A ADS","BK4144":"石油与天然气的储存和运输"},"translate_title":"Polunin清算950万股UGP股票，价值3140万美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TTM":1,"UGP":1.5},"content_text":"Exited 9,457,242 shares, an estimated $31.40 million trade based on the average price for Q3 2025\n\n\n\n\n\n\n\nPost-trade stake: zero shares, $0 value\n\n\n\n\n\n\n\nThe stake previously accounted for 5.1% of fund AUM, marking a full liquidation of a significant holding\n\nPolunin Capital Partners Ltd sold out its entire position in Ultrapar Participações S.A. (UGP 1.30%) during the third quarter, an estimated $31.40 million trade, according to an October 07, 2025, SEC filing.What happenedAccording to a filing with the Securities and Exchange Commission dated October 07, 2025, Polunin Capital Partners Ltd sold its entire holding of Ultrapar Participações S.A. in the third quarter. The transaction reduced the holding by 9,457,242 shares during Q3 2025, with an estimated value of $31.40 million, based on the average price for the period ended September 30, 2025. The fund now reports no position in the company.What else to knowPolunin stake in Ultrapar previously accounted for 5.1% of the fund's AUM; the position now accounts for 0% of 13F reportable assets.Top holdings after the filing:BABA: $259.79 million (38.2% of AUM as of September 30, 2025)JD: $69.80 million (10.3% of AUM)STNE: $60.37 million (8.9% of AUM as of September 30, 2025)BIDU: $58.56 million (8.6% of AUM as of September 30, 2025)YMM: $42.09 million (6.2% of AUM as of Q3 2025)As of October 15, 2025, shares of Ultrapar were priced at $3.86, up 48.46% YTD, leading the S&P 500 by 34.3 percentage points over the same period.Company OverviewMetricValueRevenue (TTM)$138.14 billionNet Income (TTM)$2.94 billionDividend Yield3.46%Price (as of October 15, 2025)$3.86Company SnapshotOffers liquefied petroleum gas distribution, fuel distribution and marketing, convenience retail, and bulk liquid storage services across Brazil and internationally.Generates revenue primarily through the sale and distribution of fuels, gas, and related services, supported by an extensive network of service stations, convenience stores, and storage terminals.Serves residential, commercial, and industrial customers, with a focus on the South, Southeast, and Northeast regions of Brazil, as well as select international markets.Ultrapar Participações S.A. operates in gas distribution, fuel distribution, and storage, primarily in Brazil and internationally.Foolish takePolunin Capital Partners has completely sold off its Ultrapar Participações S.A. shares, a $31.4 million sale, which is a big change from one of their larger emerging market holdings. This liquidation comes after a really good run for Ultrapar shares, which have gone up almost 48% this year through mid-October, easily beating the overall market. This move could mean Polunin is taking profits after the stock's rally or perhaps shifting more towards its main positions in Chinese tech companies like Alibaba and JD.com, which now make up the majority share of the fund's portfolio.Ultrapar is still a major player in Brazil's fuel and gas distribution market. It benefits from steady demand and a huge network of retail and logistics. The company's various operations, from fuel marketing to bulk liquid storage, help protect it from short-term changes in energy prices. While Polunin's sale suggests a change in strategy rather than a problem with the company's fundamentals, Ultrapar's improved performance shows that investors are still interested in Brazilian infrastructure and energy growth stories.Glossary13F AUM: Assets under management reported by institutional investment managers in quarterly SEC Form 13F filings.Full liquidation: Selling an entire investment position, resulting in a zero balance of that asset in the portfolio.Stake: The amount of ownership or investment a fund or individual holds in a particular company.Reportable assets: Investments that must be disclosed to regulators, such as those listed in SEC filings.Dividend yield: Annual dividends paid by a company divided by its share price, expressed as a percentage.Convenience retail: Retail operations focused on quick, everyday purchases, often located at fuel stations.Bulk liquid storage: Facilities used to store large quantities of liquids, such as fuels or chemicals, before distribution.TTM: The 12-month period ending with the most recent quarterly report.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.11","shortVersion":"4.35.11","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2575153735","isCrawlerRequest":true}