SCHEDULE: StoneCo Major Shareholder Updates 8.2% Stake
Beneficial Ownership Report (Amendment)
Andre Street de Aguiar and affiliated entities report beneficial ownership of 8.2% of StoneCo Ltd.'s Class A Common Shares as of September 30, 2025.
Summary
- Andre Street de Aguiar and affiliated entities (VCK Investment Fund Ltd (SAC), VCK Investment Fund Ltd SAC A, and ACP Investments Ltd.) collectively beneficially own 21,451,863 shares of StoneCo Ltd.
- This represents 8.2% of the Class A Common Shares, calculated on an as-converted basis for Class B shares.
- The holdings include 2,120,417 Class A shares and 1,286,022 Class B shares held of record by VCK Investment Fund Limited (SAC A).
- Cakubran Holdings Ltd., a company controlled by VCK Investment Fund Limited (SAC A), holds an additional 2,764,208 Class A shares.
- ACP Investments Ltd., also controlled by VCK Investment Fund Limited (SAC A), holds 14,955,142 Class B shares.
- Andre Street de Aguiar directly holds 326,074 Class A Common Shares.
- Class B Common Shares are convertible into Class A Common Shares on a one-for-one basis at the option of the holder at any time.
- Each Class A Common Share is entitled to one vote, and each Class B Common Share is entitled to ten votes; the reported percentage does not reflect the ten-for-one voting power of Class B shares.
- As of September 30, 2025, there were 245,417,777 Class A Common Shares outstanding, with an additional 683,926 Class A Common Shares subsequently converted from Class B shares.
Sentiment
Score: 5
Explanation: Neutral, as this is a factual disclosure of beneficial ownership without explicit positive or negative operational or financial news.
Risks
- The dual-class share structure grants Class B Common Shares ten votes per share compared to one vote for Class A Common Shares, potentially concentrating voting control within the reporting group.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Ownership Structure Disclosure | Disclosure of a significant beneficial ownership stake by Andre Street de Aguiar and affiliated entities, highlighting the dual-class share structure where Class B shares carry ten votes per share, potentially impacting voting control. | 09/30/2025 | The significant holding of Class B shares by the reporting group implies concentrated voting power, which could influence corporate decisions and governance outcomes, potentially limiting the influence of Class A shareholders on certain matters. |
Related Party Transactions
- Andre Street de Aguiar controls VCK Investment Fund Limited (SAC), which in turn controls VCK Investment Fund Limited (SAC A).
- VCK Investment Fund Limited (SAC A) controls Cakubran Holdings Ltd. and ACP Investments Ltd., establishing a group of affiliated entities for beneficial ownership reporting.
Stakeholder Impact
- Shareholders: The significant beneficial ownership and concentrated voting power (due to Class B shares) held by Andre Street de Aguiar and his affiliated entities could influence corporate decisions and the long-term strategic direction of StoneCo Ltd.
Key Dates
| Date | Description |
|---|---|
| 09/30/2025 | Date of event which requires filing of this statement, reflecting the beneficial ownership data. |
| 11/14/2025 | Date of filing of this Schedule 13G Amendment No. 6. |
Keywords
StoneCo Ltd., Class A Common Shares, Class B Common Shares, Beneficial Ownership, Schedule 13G, VCK Investment Fund, Andre Street de Aguiar, Shareholder Stake, Corporate Governance, Voting Rights
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