Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

COSAN S A (CSAN)

76 + Investors. Track Smart Money conviction in CSAN. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +11
Streak
1Q ▲
Buyers last Q
50%

Smart Money Signals — CSAN

Based on 77 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added CSAN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
📊

High ownership — 90% of 3.0Y peak

90% of all-time peak
77 funds currently hold this stock — 90% of the 3.0-year high of 86 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 10% fewer funds vs a year ago

fund count last 6Q
9 fewer hedge funds hold CSAN compared to a year ago (-10% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 50% buying

42 buying42 selling
Last quarter: 42 funds bought or added vs 42 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+16 vs last Q)

new funds entering per quarter
Funds opening a new CSAN position: 24 → 23 → 11 → 27. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

42% of holders stayed for 2+ years

■ 42% conviction (2yr+) ■ 22% medium ■ 36% new
32 out of 77 hedge funds have held CSAN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +47%, value +30%

Value
+30%
Shares
+46%
Last quarter: funds added +47% more shares while total portfolio value only changed +30%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

27 → 24 → 23 → 11 → 27 new funds/Q
New funds entering each quarter: 24 → 23 → 11 → 27. CSAN is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 49% of holders stayed 2+ years

■ 49% veterans ■ 16% 1-2yr ■ 35% new
Of 77 current holders: 38 (49%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 28% AUM from major funds

28% from top-100 AUM funds
22 of 77 holders rank in the top 100 by AUM, accounting for 28% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — CSAN

In 2025 Q4, 42 hedge funds were net buyers of CSAN (27 opened a new position, 15 added to an existing one), while 42 reduced or exited (26 trimmed, 16 sold completely) — a 50% buyer ratio, indicating a slight buying edge. 28% of total institutional value in CSAN is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +11 funds (more new holders than closures). Total institutional holders: 77.

Hedge Fund Ownership: CSAN

How many hedge funds hold CSAN — quarterly history vs. share price
Quarterly hedge fund ownership of CSAN vs. share price

Market Analysis: CSAN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CSAN

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

14 top-rated funds 1 high-conviction
Consensus
5.1
/ 10
breadth
×
Elite
1.1
/ 10
conviction
Hedge Fund Positioning: CSAN
2026 Q1 Stats Unlock in 3 days 76 + Investors

Track Smart Money conviction in CSAN. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 76 66 15.15%
13F Shares 18M 14M 30.29%
Total Value $71M $63M 13.6%
New Positions 26 11 +15
Increased Positions 15 23 -8
Closed Positions 16 29 -13
Reduced Positions 26 24 +2
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: CSAN

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Financial Highlights

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Institutional Holders (2026 Q1)

76 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in CSAN. Verified SEC 13F-HR filings.

QUARTER:
Top 25 institutional holders of CSAN — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Monaco Asset Management SAM 2.53% 3,334,813 $13.7M
2 Aquamarine Financial (Cayman) Ltd 0.63% 2,096,904 $8.6M
3 Naman Capital Ltda 0.31% 271,941 $1.1M
4 BAROMETER CAPITAL MANAGEMENT INC. 0.24% 171,600 $707K
5 Massar Capital Management, LP 0.13% 300,172 $1.2M
6 MATAURO, LLC 0.10% 166,237 $685K
7 BTG Pactual Asset Management US LLC 0.09% 247,680 $1.0M
8 Tejara Capital Ltd 0.08% 61,250 $252K
9 BLUEFIN CAPITAL MANAGEMENT, LLC 0.05% 50,000 $198K
10 Patriot Financial Group Insurance Agency, LLC 0.04% 176,680 $728K
11 Scientech Research LLC 0.04% 10,475 $43K
12 Alpine Global Management, LLC 0.03% 50,000 $206K
13 AXQ CAPITAL, LP 0.03% 53,426 $220K
14 Pekin Hardy Strauss, Inc. 0.03% 65,000 $268K
15 RENAISSANCE TECHNOLOGIES LLC 0.02% 3,810,669 $15.7M
16 SmartHarvest Portfolios, LLC 0.02% 11,075 $46K
17 XTX Topco Ltd 0.02% 237,344 $978K
18 Virtu Financial LLC 0.01% 79,018 —
19 Sollinda Capital Management LLC 0.01% 13,400 $55K
20 MARSHALL WACE, LLP 0.01% 2,370,810 $9.8M
21 DRIVE WEALTH MANAGEMENT, LLC 0.01% 10,429 $43K
22 TWO SIGMA SECURITIES, LLC 0.01% 16,114 $66K
23 Quantbot Technologies LP 0.01% 39,113 $161K
24 NLB Skladi, upravljanje premozenja, d.o.o. 0.00% 10,579 $44K
25 TWO SIGMA INVESTMENTS, LP 0.00% 502,054 $2.1M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — COSAN S A (CSAN)

What does the Smart Money Trend signal show for CSAN?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added CSAN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for CSAN?

Slight buying edge — 50% buying: Last quarter: 42 funds bought or added vs 42 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for CSAN holders?

Strong quality — 28% AUM from major funds: 22 of 77 holders rank in the top 100 by AUM, accounting for 28% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held CSAN?

42% of holders stayed for 2+ years: 32 out of 77 hedge funds have held CSAN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.