[SCHEDULE 13G/A] Patria Investments Limited SEC Filing
Capital Research Global Investors reports beneficial ownership of 9,721,903 shares of Patria Investments Ltd., equal to 14.9% of the 65,129,962 shares believed outstanding. The disclosure is filed as a Schedule 13G (Amendment No. 6) under Rule 13d-1(b), and the filer is classified as an investment adviser (IA). The filing states the shares are held in the ordinary course of business, that CRGI has sole voting and dispositive power over the reported shares, and that the position was not acquired to change or influence control of the issuer.
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Insights
TL;DR: CRGI holds a material but declared passive stake of 14.9% (9.72M shares) in Patria; this is noteworthy yet non-controlling per the filing.
The reported 14.9% stake is material for a public float and meets the threshold that typically attracts investor attention. Because the filing is a Schedule 13G under Rule 13d-1(b), CRGI represents the position as passive, not intended to change control. The filing also states sole voting and dispositive power over the shares, which means CRGI can vote the block even while maintaining passive status. For investors, the key takeaway is a large, established institutional holder without an expressed activist intent.
TL;DR: A near-15% institutional stake can influence governance through engagement despite a passive 13G filing; no explicit control effort is stated.
The Schedule 13G classification signals passive ownership, and the filer certifies the shares are held in the ordinary course of business and not to effect control. Nevertheless, a 14.9% block is large enough to provide meaningful voting influence if the holder chooses to engage with management or vote as a bloc. The filing names Capital Research Global Investors and lists sole voting and dispositive authority for the reported shares, which is relevant to board and shareholder voting dynamics.