Ultrapar Participações S.A. - Depositary Receipt (Common Stock)
US ˙ NYSE ˙ US90400P1012

SecurityUGP / Ultrapar Participações S.A. - Depositary Receipt (Common Stock)
InstitutionWetherby Asset Management Inc
Latest Disclosed Ownership37,697 shares
Latest Disclosed Value $ 154,558
Wetherby Asset Management Inc reports 22.40% decrease in ownership of UGP / Ultrapar Participações S.A. - Depositary Receipt (Common Stock)

On November 14, 2025 - Wetherby Asset Management Inc filed a 13F-HR form disclosing ownership of 37,697 shares of Ultrapar Participações S.A. - Depositary Receipt (Common Stock) (US:UGP) valued at $154,558 USD as of September 30, 2025. The entity filed a previous 13F-HR on August 14, 2025 disclosing 48,577 shares of Ultrapar Participações S.A. - Depositary Receipt (Common Stock). This represents a change in shares of -22.40% during the quarter. The current value of the position is $182,077 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

Upgrade to unlock premium data and export to Excel .

Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2025-11-14 2025-09-30 13F ULTRAPAR PARTICIPACOES SP ADR REP COM 90400P101 37,697 -10,880 -22.40 155 -3.14 0.0063
2025-08-14 2025-06-30 13F ULTRAPAR PARTICIPACOES SP ADR REP COM 90400P101 48,577 22,342 85.16 159 133.82 0.0071
2025-02-14 2024-12-31 13F ULTRAPAR PARTICIPACOES SP ADR REP COM 90400P101 26,235 572 2.23 69 -31.31 0.0033
2024-11-14 2024-09-30 13F ULTRAPAR PARTICIPACOES SP ADR REP COM 90400P101 25,663 1,593 6.62 100 5.32 0.0046
2024-08-14 2024-06-30 13F ULTRAPAR PARTICIPACOES SP ADR REP COM 90400P101 24,070 1,481 6.56 94 -27.13 0.0044
2024-05-15 2024-03-31 13F ULTRAPAR PARTICIPACOES SP ADR REP COM 90400P101 22,589 497 2.25 129 8.40 0.0062
2024-02-14 2023-12-31 13F ULTRAPAR PARTICIPACOES SP ADR REP COM 90400P101 22,092 -207 -0.93 120 46.91 0.0062
2023-11-14 2023-09-30 13F ULTRAPAR PARTICIPACOES SP ADR REP COM 90400P101 22,299 -3,517 -13.62 82 -19.80 0.0046
2023-08-14 2023-06-30 13F ULTRAPAR PARTICIPACOES SP ADR REP COM 90400P101 25,816 182 0.71 101 46.38 0.0055
2023-05-12 2023-03-31 13F ULTRAPAR PARTICIPACOES SP ADR REP COM 90400P101 25,634 4,486 21.21 70 35.29 0.0041
2023-02-14 2022-12-31 13F ULTRAPAR PARTICIPACOES SP ADR REP COM 90400P101 21,148 3,293 18.44 51 30.77 0.0033
2022-11-14 2022-09-30 13F ULTRAPAR PARTICIPACOES SP ADR REP COM 90400P101 17,855 -5,405 -23.24 39 -29.09 0.0027
2022-08-15 2022-06-30 13F ULTRAPAR PARTICIPACOES SP ADR REP COM 90400P101 23,260 -1,109 -4.55 55 -25.68 0.0038
2022-05-16 2022-03-31 13F ULTRAPAR PARTICIPACOES SP ADR REP COM 90400P101 24,369 -2,920 -10.70 74 2.78 0.0042
2022-02-14 2021-12-31 13F ULTRAPAR PARTICIPACOES SP ADR REP COM 90400P101 27,289 6,753 32.88 72 30.91 0.0040
2021-11-15 2021-09-30 13F ULTRAPAR PARTICIPACOES SP ADR REP COM 90400P101 20,536 -1,535 -6.95 55 -33.73 0.0034
2021-08-16 2021-06-30 13F ULTRAPAR PARTICIPACOES SP ADR REP COM 90400P101 22,071 -1,927 -8.03 83 -9.78 0.0051
2021-05-14 2021-03-31 13F ULTRAPAR PARTICIPACOES SP ADR REP COM 90400P101 23,998 -759 -3.07 92 -17.86 0.0070
2021-02-11 2020-12-31 13F ULTRAPAR PARTICIPACOES SP ADR REP COM 90400P101 24,757 23,824 2,553.48 112 3,633.33 0.0076
2020-12-16 2020-09-30 13F/A-01 ULTRAPAR PARTICIPACOES SP ADR REP COM 90400P101 24,476 -1,031 84 0.0077
2020-12-16 2020-09-30 13F/A-02 ULTRAPAR PARTICIPACOES SP ADR REP COM 90400P101 933 -24,574 -96.34 3 -96.51 0.0090
2020-11-13 2020-09-30 13F ULTRAPAR PARTICIPACOES SP ADR REP COM 90400P101 25,837 330 88 5,597.5727
2020-08-14 2020-06-30 13F ULTRAPAR PARTICIPACOES SP ADR REP COM 90400P101 25,507 7,314 40.20 86 91.11 0.0082
2020-05-06 2020-03-31 13F ULTRAPAR PARTICIPACOES SP ADR REP COM 90400P101 18,193 -16,487 -47.54 45 -79.26 0.0051
2020-01-28 2019-12-31 13F ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 34,680 7,419 27.21 217 77.87 0.0214
2019-10-31 2019-09-30 13F ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 27,261 -2,495 -8.38 122 -21.79 0.0127
2019-07-25 2019-06-30 13F ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 29,756 9,865 49.60 156 -34.45 0.0171
2019-07-25 2019-03-31 13F/A-1 ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 19,891 -5 -0.03 238 -11.52 0.0296
2019-05-09 2019-03-31 13F ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 19,891 -5 238
2019-01-30 2018-12-31 13F ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 19,896 6,939 53.55 269 124.17 0.0380
2018-11-07 2018-09-30 13F ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 12,957 12,957 120 0.0148
2018-07-24 2018-06-30 13F ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 0 -12,673 -100.00 0 -100.00
2018-05-04 2018-03-31 13F ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 12,673 581 4.80 274 -0.36 0.0378
2018-02-09 2017-12-31 13F ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 12,092 190 1.60 275 -3.17 0.0382
2017-11-13 2017-09-30 13F ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 11,902 118 1.00 284 2.53 0.0422
2017-08-01 2017-06-30 13F ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 11,784 2,304 24.30 277 28.84 0.0471
2017-04-27 2017-03-31 13F ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 9,480 9,480 215 0.0387
2016-05-10 2016-03-31 13F ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 0 0 0 0.0000
2016-02-08 2015-12-31 13F ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 0 0 0 0.0000
2015-11-12 2015-09-30 13F ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 0 -13,106 -100.00 0 -100.00
2015-08-12 2015-06-30 13F ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 13,106 1,744 15.35 276 20.00 0.0664
2015-05-08 2015-03-31 13F ULTRAPAR PARTICIPACOES S A SP ADR REP COM 90400P101 11,362 11,362 230 0.0560
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.