Pertento Partners LLP: PATRIA INVESTMENTS LIMITED (PAX): Quarterly 13F Position History
As of Q1 2026, Pertento Partners LLP reported 5,206,247 shares of PATRIA INVESTMENTS LIMITED (PAX), worth $65.6M and representing 7.0% of its 13F equity book. Quarter-over-quarter share count change: + 722,948 (+16.1%) . The position first appeared in Q4 2021 and has been disclosed across 18 13F-HR filings in Pactolio's tracked window.
- 5,206,247Shares Held (Latest Filing)
- $65.6MReported Market Value (Latest Filing)
- 7.0%Portfolio Weight (% of 13F Equity Book)
- +722,948Quarter-over-Quarter Share Change
- -$5.6MQuarter-over-Quarter Value Change
- 5,206,247Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 18 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 5,206,247 | +722,948 | +16.1% | $65.6M | 7.0% | $12.6 |
| Q4 2025 | 4,483,299 | +511,327 | +12.9% | $71.2M | 7.8% | $15.9 |
| Q3 2025 | 3,971,972 | +654,966 | +19.7% | $58.0M | 7.1% | $14.6 |
| Q2 2025 | 3,317,006 | +8,380 | +0.3% | $46.6M | 5.3% | $14.1 |
| Q1 2025 | 3,308,626 | 0 | — | $37.4M | 4.5% | $11.3 |
| Q4 2024 | 3,308,626 | +270,075 | +8.9% | $38.5M | 4.0% | $11.6 |
| Q3 2024 | 3,038,551 | 0 | — | $33.9M | 4.1% | $11.2 |
| Q2 2024 | 3,038,551 | +903,067 | +42.3% | $36.6M | 4.6% | $12.1 |
| Q1 2024 | 2,135,484 | +23,200 | +1.1% | $31.7M | 6.4% | $14.8 |
| Q4 2023 | 2,112,284 | +179,809 | +9.3% | $32.8M | 6.2% | $15.5 |
| Q3 2023 | 1,932,475 | +102,222 | +5.6% | $28.2M | 6.3% | $14.6 |
| Q2 2023 | 1,830,253 | +93,098 | +5.4% | $26.2M | 5.8% | $14.3 |
| Q1 2023 | 1,737,155 | +181,725 | +11.7% | $25.7M | 6.4% | $14.8 |
| Q4 2022 | 1,555,430 | +30,279 | +2.0% | $21.7M | 7.1% | $13.9 |
| Q3 2022 | 1,525,151 | +90,035 | +6.3% | $19.9M | 8.1% | $13.0 |
| Q2 2022 | 1,435,116 | +230,888 | +19.2% | $19.0M | 7.6% | $13.2 |
| Q1 2022 | 1,204,228 | +430,336 | +55.6% | $21.4M | 7.6% | $17.8 |
| Q4 2021 | 773,892 | — | — | $12.5M | 5.9% | $16.2 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Pertento Partners LLP first disclose a PAX position in 13F-HR filings?
Pertento Partners LLP first reported PATRIA INVESTMENTS LIMITED (PAX) on its 13F-HR filing for the period ending 2021-12-31 (Q4 2021). The position has appeared on 18 reported quarters within Pactolio's tracked window.
What was Pertento Partners LLP's most recent quarter-over-quarter share-count change in PAX?
Between Q4 2025 and Q1 2026, Pertento Partners LLP added 722,948 shares of PAX (+16.1%), bringing the total reported position to 5,206,247 shares at a market value of $65.6M.
Does the implied price-per-share represent Pertento Partners LLP's cost basis in PAX?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.