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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F Institutional Ownership · LTM

LATAM Airlines Group SA SANTIAGO STOCK EXCHANGE:LTM

Institutional holders, quarter-over-quarter share deltas, and new and closed positions disclosed in Form 13F. Period 2025-12-31 · prior 2025-09-30.

45 new41 added43 reduced30 exited

New Positions(45)

ManagerSharesΔ SharesValueΔ Value% Δ
Itau Unibanco Holding S.A.1,545,674+1,545,674$83.3M+$83.3M
INCA Investments LLC807,079+807,079$43.6M+$43.6M
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC702,358+702,358$37.9M+$37.9M
MACKENZIE FINANCIAL CORP388,176+388,176$21.0M+$21.0M
Provida Pension Fund Administrator425,000+425,000$19.2M+$19.2M
Fundamenta Capital S.A.277,491+277,491$15.0M+$15.0M
Jump Financial, LLC211,200+211,200$11.4M+$11.4M
Y-Intercept (Hong Kong) Ltd183,727+183,727$9.9M+$9.9M
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC138,910+138,910$7.5M+$7.5M
Pictet Asset Management Holding SA107,800+107,800$5.8M+$5.8M
Bardin Hill Investment Partners LP65,709+65,709$3.5M+$3.5M
Capital Wealth Planning, LLC56,924+56,924$3.1M+$3.1M
Quantbot Technologies LP46,864+46,864$2.5M+$2.5M
Schonfeld Strategic Advisors LLC40,845+40,845$2.2M+$2.2M
NEW YORK STATE COMMON RETIREMENT FUND39,631+39,631$2.1M+$2.1M
ABS Direct Equity Fund LLC26,457+26,457$1.4M+$1.4M
MIRABELLA FINANCIAL SERVICES LLP22,500+22,500$1.2M+$1.2M
North of South Capital LLP16,743+16,743$904.3K+$904.3K
WELLINGTON MANAGEMENT GROUP LLP15,622+15,622$843.7K+$843.7K
CAPITAL FUND MANAGEMENT S.A.14,455+14,455$780.7K+$780.7K
O'SHAUGHNESSY ASSET MANAGEMENT, LLC13,036+13,036$704.1K+$704.1K
CenterBook Partners LP10,142+10,142$547.8K+$547.8K
Qtron Investments LLC9,439+9,439$509.8K+$509.8K
Voleon Capital Management LP9,234+9,234$498.7K+$498.7K
PharVision Advisers, LLC8,589+8,589$463.9K+$463.9K
Cerity Partners LLC6,264+6,264$338.3K+$338.3K
ATLAS CAPITAL ADVISORS LLC5,848+5,848$315.9K+$315.9K
Toroso Investments, LLC5,493+5,493$296.7K+$296.7K
Bridgefront Capital, LLC5,059+5,059$273.2K+$273.2K
Vanguard Personalized Indexing Management, LLC4,482+4,482$242.1K+$242.1K
Atria Investments, Inc4,311+4,311$232.8K+$232.8K
CAPROCK Group, Inc.4,179+4,179$231.6K+$231.6K
Advisors Preferred, LLC3,989+3,989$217.7K+$217.7K
Leonteq Securities AG1,436+1,436$77.6K+$77.6K
SIMPLEX TRADING, LLC779+779$42.1K+$42.1K
Accent Capital Management, LLC200+200$10.8K+$10.8K
SRS Capital Advisors, Inc.161+161$8.7K+$8.7K
UBS ASSET MANAGEMENT AMERICAS INC126+126$6.8K+$6.8K
Acumen Wealth Advisors, LLC104+104$5.8K+$5.8K
BI Asset Management Fondsmaeglerselskab A/S38,922+38,922$2.1K+$2.1K
IMA Wealth, Inc.27+27$1.5K+$1.5K
Root Financial Partners, LLC21+21$1.1K+$1.1K
FINANCIAL CONSULATE, INC15+15$811+$811
Stone House Investment Management, LLC7+7$378+$378
WealthCollab, LLC1+1$55+$55

Added To(41)

ManagerSharesΔ SharesValueΔ Value% Δ
Robeco Institutional Asset Management B.V.1,018,218+474,593$55.0M+$30.4M87.3%
MORGAN STANLEY2,091,845+211,261$113.0M+$27.9M11.2%
TWO SIGMA INVESTMENTS, LP1,146,605+192,381$61.9M+$18.7M20.2%
MILLENNIUM MANAGEMENT LLC417,599+173,761$22.6M+$11.5M71.3%
ALLIANCEBERNSTEIN L.P.853,783+88,930$46.1M+$11.5M11.6%
UBS Group AG610,678+45,607$33.0M+$7.4M8.1%
Banco BTG Pactual S.A.155,200+125,200$8.4M+$7.0M417.3%
Point72 Asset Management, L.P.283,746+90,546$15.3M+$6.6M46.9%
CITADEL ADVISORS LLC260,281+74,058$14.1M+$5.6M39.8%
AQR CAPITAL MANAGEMENT LLC145,029+92,552$7.8M+$5.5M176.4%
DIMENSIONAL FUND ADVISORS LP228,517+58,870$12.3M+$4.7M34.7%
U S GLOBAL INVESTORS INC151,613+71,429$8.2M+$4.6M89.1%
TWO SIGMA ADVISERS, LP436,400+3,000$23.6M+$4.0M0.7%
Aubrey Capital Management Ltd342,653+6,000$18.5M+$3.3M1.8%
Man Group plc149,720+31,923$8.1M+$2.8M27.1%
Aquatic Capital Management LLC54,109+30,271$2.9M+$1.8M127.0%
FIRST TRUST ADVISORS LP90,585+16,587$4.9M+$1.5M22.4%
LAZARD ASSET MANAGEMENT LLC31,860+16,889$1.7M+$1.0M112.8%
Zurcher Kantonalbank (Zurich Cantonalbank)38,295+12,677$2.1M+$909.1K49.5%
BARCLAYS PLC17,196+11,606$928.8K+$675.8K207.6%
Quantinno Capital Management LP48,069+3,352$2.6M+$572.8K7.5%
NOMURA ASSET MANAGEMENT CO LTD20,958+7,400$1.1M+$518.4K54.6%
Bridgewater Associates, LP18,446+7,813$996.3K+$515.1K73.5%
NORTHERN TRUST CORP44,568+2,729$2.4M+$513.9K6.5%
Vident Advisory, LLC21,391+6,155$1.2M+$465.9K40.4%
Global Retirement Partners, LLC6,187+5,702$334.2K+$312.2K1175.7%
Invesco Ltd.12,058+2,533$651.3K+$220.2K26.6%
May Hill Capital, LLC7,992+1,487$431.6K+$137.3K22.9%
RHUMBLINE ADVISERS6,099+1,705$329.4K+$130.6K38.8%
Royal Bank of Canada2,672+1,972$144.0K+$116.0K281.7%
QRG CAPITAL MANAGEMENT, INC.6,504+428$351.3K+$76.3K7.0%
Ronald Blue Trust, Inc.6,226+219$336.3K+$64.4K3.6%
Mirae Asset Global Investments Co., Ltd.2,386+391$128.9K+$38.6K19.6%
PNC Financial Services Group, Inc.3,122+198$168.6K+$36.3K6.8%
Farther Finance Advisors, LLC747+246$40.4K+$17.7K49.1%
GAMMA Investing LLC839+10$45.3K+$7.8K1.2%
ASSETMARK, INC166+59$9.0K+$4.1K55.1%
Smartleaf Asset Management LLC40+30$2.2K+$1.7K300.0%
Larson Financial Group LLC27+24$1.5K+$1.3K800.0%
ADVISOR GROUP HOLDINGS, INC.67+12$3.6K+$1.1K21.8%
EverSource Wealth Advisors, LLC26+1$1.4K+$2734.0%

Reduced(43)

ManagerSharesΔ SharesValueΔ Value% Δ
JANE STREET GROUP, LLC51,554-1,098,068$2.8M-$49.2M-95.5%
Newport Trust Co3,974,9310$214.7M+$34.8M0.0%
SPX Gestao de Recursos Ltda328,463-606,858$17.7M-$24.6M-64.9%
Verition Fund Management LLC58,763-397,155$3.2M-$17.5M-87.1%
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP1,016,289-468,380$54.9M-$12.3M-31.5%
Balyasny Asset Management LLC8,849-269,665$477.9K-$12.1M-96.8%
MARSHALL WACE, LLP315,586-277,081$17.0M-$9.8M-46.8%
BlackRock, Inc.258,238-232,180$13.9M-$8.2M-47.3%
JPMORGAN CHASE & CO304,809-230,580$16.5M-$7.8M-43.1%
GOLDMAN SACHS GROUP INC251,486-218,083$13.6M-$7.7M-46.4%
Walleye Capital LLC20,006-171,341$1.1M-$7.6M-89.5%
BANK OF AMERICA CORP /DE/46,692-130,262$2.5M-$5.5M-73.6%
VANGUARD GROUP INC794,350-245,064$42.9M-$4.1M-23.6%
Qube Research & Technologies Ltd191,211-124,875$10.3M-$4.0M-39.5%
HBK INVESTMENTS L P625,000-208,300$33.8M-$4.0M-25.0%
Squarepoint Ops LLC4,018-87,333$217.0K-$3.9M-95.6%
Olympus Peak Asset Management LP5,504,887-987,523$297.3M+$3.5M-15.2%
Columbus Hill Capital Management, L.P.329,927-136,912$17.8M-$3.3M-29.3%
RENAISSANCE TECHNOLOGIES LLC444,800-42,200$24.0M+$2.0M-8.7%
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO55,572-54,111$3.0M-$2.0M-49.3%
BNP PARIBAS ARBITRAGE, SNC501,373-131,748$27.1M-$1.6M-20.8%
PAR CAPITAL MANAGEMENT INC165,0000$8.9M+$1.4M0.0%
VOLORIDGE INVESTMENT MANAGEMENT, LLC143,716-57,391$7.8M-$1.3M-28.5%
SEVEN GRAND MANAGERS, LLC100,0000$5.4M+$876.0K0.0%
Graham Capital Management, L.P.10,875-13,967$587.4K-$536.7K-56.2%
SUSQUEHANNA INTERNATIONAL GROUP, LLP75,848-25,666$4.1M-$497.0K-25.3%
Engineers Gate Manager LP37,175-17,174$2.0M-$451.5K-31.6%
FOX RUN MANAGEMENT, L.L.C.4,180-7,481$225.8K-$301.9K-64.2%
Liontrust Investment Partners LLP4,026-6,722$217.4K-$237.9K-62.5%
Caitong International Asset Management Co., Ltd476-2,552$25.7K-$111.3K-84.3%
STATE STREET CORP6,8100$377.3K+$69.2K0.0%
CITIGROUP INC22,267-5,719$1.2M-$63.7K-20.4%
FMR LLC5,990-158$323.5K+$45.3K-2.6%
Tower Research Capital LLC (TRC)302-1,010$16.3K-$43.1K-77.0%
Crossmark Global Holdings, Inc.3,768-1,577$203.5K-$38.4K-29.5%
Mariner, LLC4,152-273$224.4K+$24.2K-6.2%
Optivise Advisory Services LLC4,143-282$223.8K+$23.6K-6.4%
WELLS FARGO & COMPANY/MN2,578-444$139.3K+$2.5K-14.7%
Bell Investment Advisors, Inc16-11$865-$357-40.7%
True Wealth Design, LLC9-1$487+$34-10.0%
CWM, LLC3,4930$189+$310.0%
TUDOR INVESTMENT CORP ET AL80,9360$3.7M$00.0%
Activest Wealth Management00$0$0

Sold Out(30)

ManagerSharesΔ SharesValueΔ Value% Δ
Burkehill Global Management, LP0-950,000$0-$43.0M
Ghisallo Capital Management LLC0-840,193$0-$38.0M
Zimmer Partners, LP0-825,000$0-$37.3M
Wealth High Governance Capital Ltda0-180,000$0-$8.1M
Monashee Investment Management LLC0-135,000$0-$6.1M
Cubist Systematic Strategies, LLC0-127,288$0-$5.8M
BW Gestao de Investimentos Ltda.0-120,000$0-$5.4M
HEIGHTS CAPITAL MANAGEMENT, INC0-100,000$0-$4.5M
Shellback Capital, LP0-100,000$0-$4.5M
ExodusPoint Capital Management, LP0-65,912$0-$3.0M
BARDIN HILL MANAGEMENT PARTNERS LP0-65,709$0-$3.0M
BlueCrest Capital Management Ltd0-50,000$0-$2.3M
Centiva Capital, LP0-50,000$0-$2.3M
Blackstone Inc.0-50,000$0-$2.3M
Maven Securities LTD0-40,000$0-$1.8M
Kiker Wealth Management, LLC0-37,891$0-$1.7M
Fund 1 Investments, LLC0-35,000$0-$1.6M
ELEMENT CAPITAL MANAGEMENT LLC0-28,456$0-$1.3M
Thomist Capital Management, LP0-17,945$0-$801.2K
Scientech Research LLC0-16,182$0-$732.2K
FORA Capital, LLC0-12,968$0-$586.8K
R Squared Ltd0-9,587$0-$433.8K
SEI INVESTMENTS CO0-9,212$0-$416.8K
XTX Topco Ltd0-5,144$0-$232.8K
Raiffeisen Bank International AG0-4,550$0-$203.2K
Financial Management Professionals, Inc.0-535$0-$24.2K
Advisory Services Network, LLC0-161$0-$7.3K
PRINCIPAL SECURITIES, INC.0-49$0-$2.2K
GSA CAPITAL PARTNERS LLP0-28,188$0-$1.3K
Verde Servicos Internacionais S.A.0-15,000$0-$679

Top Holders by reported value

Ranked by the dollar value reported on the latest Form 13F. Share counts reflect long positions as of 2025-12-31.

ManagerShares$ ValueΔ SharesQoQ %
Olympus Peak Asset Management LP5,504,887$297.3M-987,523-15.2%
Newport Trust Co3,974,931$214.7M00.0%
MORGAN STANLEY2,091,845$113.0M+211,26111.2%
Itau Unibanco Holding S.A.1,545,674$83.3M+1,545,674
TWO SIGMA INVESTMENTS, LP1,146,605$61.9M+192,38120.2%
Robeco Institutional Asset Management B.V.1,018,218$55.0M+474,59387.3%
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP1,016,289$54.9M-468,380-31.5%
ALLIANCEBERNSTEIN L.P.853,783$46.1M+88,93011.6%
INCA Investments LLC807,079$43.6M+807,079
VANGUARD GROUP INC794,350$42.9M-245,064-23.6%
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC702,358$37.9M+702,358
HBK INVESTMENTS L P625,000$33.8M-208,300-25.0%
UBS Group AG610,678$33.0M+45,6078.1%
BNP PARIBAS ARBITRAGE, SNC501,373$27.1M-131,748-20.8%
RENAISSANCE TECHNOLOGIES LLC444,800$24.0M-42,200-8.7%
TWO SIGMA ADVISERS, LP436,400$23.6M+3,0000.7%
MILLENNIUM MANAGEMENT LLC417,599$22.6M+173,76171.3%
MACKENZIE FINANCIAL CORP388,176$21.0M+388,176
Provida Pension Fund Administrator425,000$19.2M+425,000
Aubrey Capital Management Ltd342,653$18.5M+6,0001.8%

New & Closed Positions this quarter

Methodology

Form 13F is the SEC's quarterly disclosure for institutional investment managers exercising discretion over $100 million or more in qualifying U.S. equity securities. Managers must file within 45 days of each calendar quarter end, which is why holdings shown here reflect a snapshot at the period date — not real-time positioning.

Quarter-over-quarter deltas compare each manager's most recently reported share count for LTM against its prior-quarter count. New positions are entries where the prior count was zero; closed positions are entries where the current count is zero. Amendments (13F-HR/A) replace prior filings for the same period.

Source: SEC EDGAR Form 13F (XML information tables). Dollar values are as reported by the manager and may use mid-quarter pricing conventions. CUSIP-to-ticker resolution is best-effort.