Squadra funds report 10.07% Class A stake in Inter&Co (NASDAQ: INTR)
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
INTER & Co, Inc. reported that investment managers Squadra Investimentos – Gestão de Recursos Ltda. and Squadra Investments – Gestão de Recursos Ltda. now hold 32,806,391 securities, equal to 10.07% of the Company’s Class A Common Shares. The position was built through trades on the São Paulo stock exchange and consists of 23,230,214 Brazilian Depositary Receipts (INBR32) and 9,576,177 Class A Common Shares held directly, with 447,712 BDRs currently on loan. Squadra states that this investment is not intended to change Inter&Co’s control or management structure, and the disclosure is made under Brazilian securities rules requiring notice when ownership crosses thresholds such as 5% and 10% of a share class.
Positive
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Negative
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Key Figures
Squadra total holdings: 32,806,391 securities
Ownership percentage: 10.07% of Class A Common Shares
Brazilian Depositary Receipts: 23,230,214 BDRs (INBR32)
+2 more
5 metrics
Squadra total holdings
32,806,391 securities
Inter&Co securities held by Squadra funds
Ownership percentage
10.07% of Class A Common Shares
Inter&Co Class A stake reported by Squadra
Brazilian Depositary Receipts
23,230,214 BDRs (INBR32)
Part of Squadra’s Inter&Co position
Class A Common Shares
9,576,177 shares
Inter&Co Class A shares held directly by Squadra
BDRs on loan
447,712 BDRs
Portion of Inter&Co BDRs lent out by Squadra
Key Terms
Resolution CVM No. 44, Brazilian Depositary Receipts, Class A Common Shares, foreign private issuer, +1 more
5 terms
Resolution CVM No. 44 regulatory
"in compliance with the provisions of the Securities and Exchange Commission (“CVM”) in Article 12 of Resolution No. 44"
Brazilian Depositary Receipts financial
"23.230.214 ... Brazilian Depositary Receipts (INBR32) detidos à vista"
Brazilian Depositary Receipts (BDRs) are certificates traded on Brazilian exchanges that represent ownership of shares in foreign companies, allowing local investors to buy and sell exposure to those overseas stocks without opening foreign brokerage accounts. They matter because they let investors diversify across global companies using local currency and trading hours, similar to buying a locally issued voucher for a foreign product, while still exposing portfolios to the performance and risks of the underlying foreign shares.
foreign private issuer regulatory
"FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16"
A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.
Sistema IPE regulatory
"solicitar ... a divulgação, por meio do Sistema IPE, do seguinte"
FAQ
What ownership stake did Squadra disclose in INTER & Co (INTR)?
Squadra disclosed holding 32,806,391 securities, equal to 10.07% of Inter&Co’s Class A Common Shares. This stake crosses the 10% disclosure threshold under Brazilian securities rules, requiring notification to the company and regulators.
How is Squadra’s position in INTER & Co (INTR) structured?
Squadra’s position totals 32,806,391 securities, made up of 23,230,214 Brazilian Depositary Receipts (INBR32) and 9,576,177 Class A Common Shares held directly, as disclosed in the notice to Inter&Co.
Are any of Squadra’s INTER & Co (INTR) BDRs on loan?
Yes. Of Squadra’s 23,230,214 Brazilian Depositary Receipts in Inter&Co, 447,712 BDRs are currently lent out. This is explicitly stated in the communication attached to the company’s Form 6-K filing.
Does Squadra aim to change INTER & Co (INTR) control or management?
No. Squadra states that its acquisitions of Inter&Co securities do not aim to alter the company’s control or management structure. The position is described as an investment rather than a control-seeking move.
Why did INTER & Co (INTR) publish this 6-K about Squadra’s stake?
Inter&Co published the notice because Brazilian Resolution CVM No. 44 requires disclosure when investors’ holdings rise above thresholds like 10% of a share class. After notification by Squadra, Inter&Co must inform regulators and relevant markets.