On Wednesday, July 15, 2026, Phronesis Investimentos reported that, through funds under its management, it has built a material stake in Alupar Investimento S.A. (ALUP11). The aggregated position reached 17,293,544 preferred shares and 8,646,772 common shares, totaling 25,940,316 shares of the company, which corresponds to approximately 5.45% of the preferred shares, 1.29% of the common shares, and 2.62% of the total shares outstanding.
According to Alupar, Phronesis’s stake is composed of 8,646,772 units (units are certificates that bundle more than one share class into a single security traded on the exchange), each made up of 1 common share (ALUP3) and 2 preferred shares (ALUP4). The asset manager stated that the sole purpose of the position is investment, with no intention of changing the company’s control or management structure, that there is no predefined target quantity, and that it does not hold subscription warrants, subscription rights, call options, or convertible debentures issued by Alupar.
