SCHEDULE: Squadra Investments Discloses 7.6% Stake in Inter & Co

Squadra Investments and related entities have filed an amended Schedule 13G, reporting a 7.6% beneficial ownership in Inter & Co, Inc.'s Class A Common Shares as of September 30, 2025.

Summary

• Squadra Investments Gestao de Recursos LTDA., Squadra Investimentos Gestao de Recursos LTDA., and Guilherme Mexias Ache (collectively, the "Reporting Persons") have filed an Amendment No. 4 to Schedule 13G.
• The Reporting Persons collectively beneficially own 24,445,740 Class A Common Shares of Inter & Co, Inc.
• This ownership represents 7.6% of the Class A Common Shares outstanding.
• The beneficial ownership is as of September 30, 2025.
• The Reporting Persons exercise shared voting power over 21,099,531 shares and shared dispositive power over 24,445,740 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• The US Investment Manager and the Brazil Investment Manager provide discretionary investment advisory services to investment funds and managed accounts, through which they maintain voting and dispositive power over the securities.
• Mr. Guilherme Mexias Ache controls the Investment Managers.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the issuer's performance or prospects. It simply reports a significant institutional stake.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

This filing, a Schedule 13G/A, is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance from the issuer.

Management Comments

• The Reporting Persons certify that, to the best of their knowledge and belief, the securities were acquired and are held in the ordinary course of business and 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 Rule 240.14a-11.

Industry Context

This filing is a standard disclosure of institutional ownership and does not provide specific insights into broader industry trends or competitive landscape for Inter & Co, Inc. It indicates continued institutional interest in the company.

Stakeholder Impact

• Shareholders: Disclosure of a significant institutional holder (7.6%) may influence investor perception and confidence in the company's stock.

Key Dates

Keywords

Inter & Co, Squadra Investments, Schedule 13G, Beneficial Ownership, Class A Common Shares, Investment Manager, SEC Filing, Institutional Ownership