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Afya Ltd (AFYA) is the issuer in an amended Schedule 13G reporting shared beneficial ownership of its Class A common shares. DOMA Perpetual Capital Management LLC and DOMA1 LLC each report 5,061,847 shares (9.18%), consisting of 4,135,213 shares held by DOMA Perpetual LO Equity Master Fund LP and 926,634 shares in a separately managed account. DOMA2 LLC, DOMA Perpetual Partners GP LLC and the Master Fund each report 4,135,213 shares (7.5%). Pedro Escudero, DOMA’s Chief Executive Officer and Chief Investment Officer, reports 5,154,749 shares (9.3%), including 92,902 shares held by a fund managed by an affiliated non-U.S. investment adviser that he may be deemed to beneficially own. The reported positions overlap through shared holdings; the reporting persons disclaim beneficial ownership of shares held directly by the others.
Key Figures
Beneficial ownership reported by DOMA Perpetual Capital Management LLC:5,061,847 sharesClass percentage reported by DOMA Perpetual Capital Management LLC:9.18%Shares held by DOMA Perpetual LO Equity Master Fund LP:4,135,213 shares+4 more
7 metrics
Beneficial ownership reported by DOMA Perpetual Capital Management LLC5,061,847 sharesReported with DOMA1 LLC; 9.18% of the class
Class percentage reported by DOMA Perpetual Capital Management LLC9.18%Based on 5,061,847 shares beneficially owned
Shares held by DOMA Perpetual LO Equity Master Fund LP4,135,213 sharesReported as held directly by the Master Fund
Shares held in a separately managed account926,634 sharesIncluded in the 5,061,847 shares reported by DOMA and DOMA1
Beneficial ownership reported by Pedro Escudero5,154,749 sharesReported as 9.3% of the class
Class percentage reported by Pedro Escudero9.3%Based on 5,154,749 shares beneficially owned
Shares outstanding55,148,697 sharesAfya shares outstanding as of December 31, 2025; used as the basis for reported percentages
"Aggregate Amount Beneficially Owned by Each Reporting Person"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
shared voting powerregulatory
"Shared Voting Power 5,061,847.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerregulatory
"Shared Dispositive Power 5,061,847.00"
separately managed accountfinancial
"926,634 shares held directly by a separately managed account"
A separately managed account (SMA) is a personalized investment portfolio owned by a single investor and run by a professional manager who buys and sells securities on that investor’s behalf. It matters to investors because an SMA offers tailored asset selection, tax handling, and transparency—like hiring a personal chef who prepares meals to your dietary needs rather than sharing a set menu—so you can align holdings with your goals and see exactly what you own.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many AFYA shares do DOMA Perpetual Capital Management LLC and DOMA1 LLC report?
Each reports 5,061,847 shares, or 9.18%. The reported amount includes 4,135,213 shares held by DOMA Perpetual LO Equity Master Fund LP and 926,634 shares held in a separately managed account.
How many Afya shares does Pedro Escudero report?
Pedro Escudero, DOMA’s Chief Executive Officer and Chief Investment Officer, reports 5,154,749 shares, or 9.3%. This includes 92,902 shares held by a fund managed by an affiliated non-U.S. investment adviser, as to which he may be deemed to have beneficial ownership.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Afya Ltd
(Name of Issuer)
Class A common shares, par value US$0.00005 per share
(Title of Class of Securities)
G01125106
(CUSIP Number)
09/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
G01125106
1
Names of Reporting Persons
Doma Perpetual Capital Management LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
5,061,847.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,061,847.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,061,847.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.18 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: (1) The figures in Items 6, 8, and 9 include (i) 4,135,213 shares of Class A common shares, par value US$0.00005 per share ("Common Stock") of Afya Limited (the "Issuer"), held directly by DOMA Perpetual LO Equity Master Fund LP, a Cayman Islands exempted limited partnership (the "Doma Master Fund"), and (ii) 926,634 shares of Common Stock of the Issuer held directly by a separately managed account.
(2) The figure in Item 11 is based upon 55,148,697 shares of Common Stock of the Issuer outstanding as of December 31, 2025, as disclosed in the Issuer's Annual Report on Form 20-F for the fiscal year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission (the "SEC") on March 31, 2026.
SCHEDULE 13G
CUSIP Number(s):
G01125106
1
Names of Reporting Persons
DOMA1 LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
5,061,847.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,061,847.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,061,847.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.18 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: (1) The figures in Items 6, 8, and 9 include (i) 4,135,213 shares of Common Stock of the Issuer held directly by the Doma Master Fund, and (ii) 926,634 shares of Common Stock of the Issuer held directly by a separately managed account.
(2) The figure in Item 11 is based upon 55,148,697 shares of Common Stock of the Issuer outstanding as of December 31, 2025, as disclosed in the Issuer's Annual Report on Form 20-F for the fiscal year ended December 31, 2025, filed with the SEC on March 31, 2026.
SCHEDULE 13G
CUSIP Number(s):
G01125106
1
Names of Reporting Persons
DOMA2 LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
4,135,213.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,135,213.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,135,213.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.5 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: (1) The figures in Items 6, 8, and 9 include 4,135,213 shares of Common Stock of the Issuer held directly by the Doma Master Fund.
(2) The figure in Item 11 is based upon 55,148,697 shares of Common Stock of the Issuer outstanding as of December 31, 2025, as disclosed in the Issuer's Annual Report on Form 20-F for the fiscal year ended December 31, 2025, filed with the SEC on March 31, 2026.
SCHEDULE 13G
CUSIP Number(s):
G01125106
1
Names of Reporting Persons
DOMA Perpetual Partners GP LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
4,135,213.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,135,213.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,135,213.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.5 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: (1) The figures in Items 6, 8, and 9 include 4,135,213 shares of Common Stock of the Issuer held directly by the Doma Master Fund.
(2) The figure in Item 11 is based upon 55,148,697 shares of Common Stock of the Issuer outstanding as of December 31, 2025, as disclosed in the Issuer's Annual Report on Form 20-F for the fiscal year ended December 31, 2025, filed with the SEC on March 31, 2026.
SCHEDULE 13G
CUSIP Number(s):
G01125106
1
Names of Reporting Persons
DOMA Perpetual LO Equity Master Fund LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
4,135,213.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,135,213.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,135,213.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.5 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: The figure in Item 11 is based upon 55,148,697 shares of Common Stock of the Issuer outstanding as of December 31, 2025, as disclosed in the Issuer's Annual Report on Form 20-F for the fiscal year ended December 31, 2025, filed with the SEC on March 31, 2026.
SCHEDULE 13G
CUSIP Number(s):
G01125106
1
Names of Reporting Persons
Pedro Escudero
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
92,902.00
6
Shared Voting Power
5,061,847.00
7
Sole Dispositive Power
92,902.00
8
Shared Dispositive Power
5,061,847.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,154,749.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.3 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: (1) The figures in Items 5 and 7 include 92,902 shares of Common Stock of the Issuer held directly by a fund managed by an affiliated non-U.S. investment adviser, as to which Mr. Escudero may be deemed to have beneficial ownership.
(2) The figures in Items 6 and 8 include (i) 4,135,213 shares of Common Stock of the Issuer held directly by the Doma Master Fund, and (ii) 926,634 shares of Common Stock of the Issuer held directly by a separately managed account.
(3) The figure in Item 9 includes (i) 4,135,213 shares of Common Stock of the Issuer held directly by the Doma Master Fund, (ii) 926,634 shares of Common Stock of the Issuer held directly by a separately managed account, and (iii) 92,902 shares of Common Stock of the Issuer held directly by a fund managed by an affiliated non-U.S. investment adviser, as to which Mr. Escudero may be deemed to have beneficial ownership.
(4) The figure in Item 11 is based upon 55,148,697 shares of Common Stock of the Issuer outstanding as of December 31, 2025, as disclosed in the Issuer's Annual Report on Form 20-F for the fiscal year ended December 31, 2025, filed with the SEC on March 31, 2026.
This statement is jointly filed by and on behalf of each of DOMA Perpetual Capital Management LLC, a Delaware limited liability company ("DOMA"), DOMA1 LLC, a Delaware limited liability company ("Doma 1"), DOMA2 LLC, a Delaware limited liability company ("Doma 2"), DOMA Perpetual Partners GP LLC, a Delaware limited liability company ("Doma GP"), DOMA Perpetual LO Equity Master Fund LP, a Cayman Islands exempted limited partnership (the "Doma Master Fund"), and Pedro Escudero (each of the foregoing, a "Reporting Person" and collectively, the "Reporting Persons"). DOMA is the investment manager of, and may be deemed to indirectly beneficially own securities owned by, the Doma Master Fund. DOMA is also an investment adviser to a separately managed account of an advisory client and may be deemed to indirectly beneficially own securities in such separately managed account. Doma 1 is the managing member of, and may be deemed to indirectly beneficially own securities beneficially owned by, DOMA. Doma 2 is the managing member of, and may be deemed to indirectly beneficially own securities beneficially owned by, Doma GP. Doma GP is the general partner of, and may be deemed to indirectly beneficially own securities owned by, the Doma Master Fund. Mr. Escudero is the Chief Executive Officer and Chief Investment Officer of DOMA, and the sole manager of Doma 1 and Doma 2, and may be deemed to indirectly beneficially own securities beneficially owned by, DOMA, Doma 1 and Doma 2. Mr. Escudero is also affiliated with a non-U.S. investment adviser and may be deemed to indirectly beneficially own securities owned by a fund managed by such adviser. Each Reporting Person disclaims beneficial ownership of the shares of Common Stock of the Issuer held directly by the other Reporting Persons.
Each Reporting Person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such Reporting Person is, for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934 (the "Act") or any other purpose, the beneficial owner of any securities covered by this statement.
Each Reporting Person may be deemed to be a member of a group with respect to the Issuer or securities of the Issuer for the purposes of Section 13(d) or 13(g) of the Act. Each of the Reporting Persons declares that neither the filing of this statement nor anything herein shall be construed as an admission that such Reporting Person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.
(b)
Address or principal business office or, if none, residence:
The principal business address of each of the Reporting Persons is 3350 Virginia Street, Suite 530, Miami, FL, 33133.
(c)
Citizenship:
See Item 4 on the cover pages hereto.
(d)
Title of class of securities:
Class A common shares, par value US$0.00005 per share
(e)
CUSIP No.:
G01125106
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
See Item 9 on the cover pages hereto.
(b)
Percent of class:
See Item 11 on the cover pages hereto.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See Item 5 on the cover pages hereto
(ii) Shared power to vote or to direct the vote:
See Item 6 on the cover pages hereto.
(iii) Sole power to dispose or to direct the disposition of:
See Item 7 on the cover pages hereto.
(iv) Shared power to dispose or to direct the disposition of:
See Item 8 on the cover pages hereto.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
