On Monday, October 19, 2026, Alupar Investimento S.A. (ALUP11; ALUP3; ALUP4) reported that Phronesis Investimentos, acting as fund manager, came to hold 15,286,944 preferred shares, equivalent to approximately 4.82% of the company’s total preferred shares, and 7,643,472 common shares, corresponding to about 1.14% of the total common shares, after trades involving shares issued by the company.
According to a statement from Phronesis itself, the funds it manages jointly hold 7,643,472 Alupar units (ALUP11), each composed of 1 common share (ALUP3) and 2 preferred shares (ALUP4), totaling 22,930,416 shares. Considering the share capital reported by Alupar of 988,880,601 shares, of which 317,386,323 are preferred and 671,494,278 are common, the manager’s position represents 2.32% of total capital, 1.14% in common shares and 4.82% in preferred shares, after a reduction from a level above 5% to 4.82% in preferred shares.
Phronesis stated that the stake is held solely for investment purposes, and that positions may be increased or reduced without any pre-established target amount. The manager also reported that it does not hold subscription warrants, rights to subscribe for shares, stock options, or debentures convertible into Alupar shares, and that it has not entered into any agreements or contracts governing the exercise of voting rights or the purchase and sale of securities issued by the company.






