スザノSA - 預託証券（普通株式）
US ˙ NYSE

SecuritySUZ / Suzano S.A. - Depositary Receipt (Common Stock)
InstitutionMorgan Stanley
Latest Disclosed Ownership2,709,653 shares
Latest Disclosed Value $ 27,123,641
Morgan Stanley reports 38.54% increase in ownership of SUZ / Suzano S.A. - Depositary Receipt (Common Stock)

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 2,709,653 shares of Suzano S.A. - Depositary Receipt (Common Stock) (US:SUZ) valued at $27,123,627 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 1,955,831 shares of Suzano S.A. - Depositary Receipt (Common Stock). This represents a change in shares of 38.54% during the quarter. The current value of the position is $22,164,962 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.

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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)
2026-05-15 2026-03-31 13F SUZANO S A SPON ADS 86959K105 2,709,653 753,822 38.54 27,124 48.48 0.0016
2026-05-27 2025-12-31 13F/A-1 SUZANO S A SPON ADS 86959K105 1,955,831 74,170 3.94 18,267 3.28 0.0011
2026-02-13 2025-12-31 13F SUZANO S A SPON ADS 86959K105 1,955,831 74,170 18,267 0.0011
2026-05-27 2025-09-30 13F/A-1 SUZANO S A SPON ADS 86959K105 1,881,661 -477,740 -20.25 17,688 -20.33 0.0011
2025-11-14 2025-09-30 13F SUZANO S A SPON ADS 86959K105 1,881,661 -477,740 17,688 0.0011
2025-08-15 2025-06-30 13F SUZANO S A SPON ADS 86959K105 2,359,401 105,607 4.69 22,202 6.04 0.0014
2025-05-15 2025-03-31 13F SUZANO S A SPON ADS 86959K105 2,253,794 617,929 37.77 20,938 26.48 0.0015
2025-05-15 2024-12-31 13F/A-1 SUZANO S A SPON ADS 86959K105 1,635,865 -249,777 -13.25 16,555 -12.21 0.0012
2025-02-14 2024-12-31 13F SUZANO S A SPON ADS 86959K105 1,635,865 -249,777 16,555 0.0012
2025-05-14 2024-09-30 13F/A-2 SUZANO S A SPON ADS 86959K105 1,885,642 486,493 34.77 18,856 31.23 0.0014
2025-02-14 2024-09-30 13F/A-1 SUZANO S A SPON ADS 86959K105 1,885,642 486,493 18,856 0.0014
2024-11-14 2024-09-30 13F SUZANO S A SPON ADS 86959K105 1,885,642 486,493 18,856 0.0014
2025-05-14 2024-06-30 13F/A-2 SUZANO S A SPON ADS 86959K105 1,399,149 -127,057 -8.33 14,369 -26.33 0.0011
2024-10-17 2024-06-30 13F/A-1 SUZANO S A SPON ADS 86959K105 1,399,149 -127,057 14,369 0.0011
2024-08-14 2024-06-30 13F SUZANO S A SPON ADS 86959K105 1,399,149 -127,057 14,369 0.0011
2024-10-17 2024-03-31 13F/A-2 SUZANO S A SPON ADS 86959K105 1,526,206 630,594 70.41 19,505 91.70 0.0016
2024-08-16 2024-03-31 13F/A-1 SUZANO S A SPON ADS 86959K105 1,526,206 630,594 19,505 0.0002
2024-05-15 2024-03-31 13F SUZANO S A SPON ADS 86959K105 1,526,206 630,594 19,505 0.0016
2024-08-16 2023-12-31 13F/A-1 SUZANO S A SPON ADS 86959K105 895,612 363,674 68.37 10,174 77.93 0.0009
2024-02-13 2023-12-31 13F SUZANO S A SPON ADS 86959K105 895,612 363,674 10,174 0.0009
2023-11-15 2023-09-30 13F SUZANO S A SPON ADS 86959K105 531,938 -460,988 -46.43 5,718 -37.54 0.0006
2023-08-14 2023-06-30 13F SUZANO S A SPON ADS 86959K105 992,926 -258,962 -20.69 9,155 -10.94 0.0009
2023-05-15 2023-03-31 13F SUZANO S A SPON ADS 86959K105 1,251,888 768,460 158.96 10,278 130.14 0.0011
2023-02-14 2022-12-31 13F SUZANO S A SPON ADS 86959K105 483,428 -432,875 -47.24 4,467 -40.93 0.0005
2022-11-14 2022-09-30 13F SUZANO S A SPON ADS 86959K105 916,303 500,387 120.31 7,560 91.78 0.0010
2022-10-27 2022-06-30 13F/A-1 SUZANO S A SPON ADS 86959K105 415,916 354,650 578.87 3,942 453.65 0.0005
2022-08-15 2022-06-30 13F SUZANO S A SPON ADS 86959K105 415,916 354,650 3,942 0.0005
2022-10-27 2022-03-31 13F/A-1 SUZANO S A SPON ADS 86959K105 61,266 39,335 179.36 712 200.42 0.0001
2022-05-13 2022-03-31 13F SUZANO S A SPON ADS 86959K105 61,266 39,335 712 0.0001
2022-02-14 2021-12-31 13F SUZANO S A SPON ADS 86959K105 21,931 -629,668 -96.63 237 -96.36 0.0000
2021-11-15 2021-09-30 13F SUZANO S A SPON ADS 86959K105 651,599 -266,636 -29.04 6,516 -41.06 0.0009
2021-08-23 2021-06-30 13F/A-1 SUZANO S A SPON ADS 86959K105 918,235 264,473 40.45 11,056 38.39 0.0015
2021-08-16 2021-06-30 13F SUZANO S A SPON ADS 86959K105 918,235 264,473 11,056 0.0003
2021-05-17 2021-03-31 13F SUZANO S A SPON ADS 86959K105 653,762 257,951 65.17 7,989 80.54 0.0012
2021-02-16 2020-12-31 13F SUZANO S A SPON ADS 86959K105 395,811 -17,766 -4.30 4,425 30.92 0.0007
2020-11-13 2020-09-30 13F SUZANO S A SPON ADS 86959K105 413,577 400,919 3,167.32 3,380 3,830.23 0.0007
2020-08-14 2020-06-30 13F SUZANO S A SPON ADS 86959K105 12,658 -78,844 -86.17 86 -86.33 0.0000
2020-05-26 2020-03-31 13F/A-1 SUZANO S A SPON ADS 86959K105 91,502 -95,586 -51.09 629 -65.83 0.0002
2020-05-15 2020-03-31 13F SUZANO S A SPON ADS 86959K105 91,502 -95,586 629 48.3203
2020-02-14 2019-12-31 13F SUZANO SPON ADS 86959K105 187,088 61,845 49.38 1,841 82.10 0.0004
2019-11-14 2019-09-30 13F SUZANO SPON ADS 86959K105 125,243 -435 -0.35 1,011 -52.76 0.0003
2019-08-14 2019-06-30 13F SUZANO SPON ADS 86959K105 125,678 85,838 215.46 2,140 126.94 0.0006
2019-05-15 2019-03-31 13F SUZANO PAPEL E CELULOSE S A SPON ADS 86959K105 39,840 39,500 11,617.65 943 13,371.43 0.0003
2019-02-14 2018-12-31 13F SUZANO PAPEL E CELULOSE S A SPON ADS 86959K105 340 340 7 0.0000
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.