Sendas Distribuidora (ASAI)

• Market cap: $1.24B
• 1 day: 4.77%
• 5 days: 0.88%
• 1 month: -24.67%
• 3 months: -34.89%
• 6 months: -54.31%
• Year to date: -65.08%
• 1 year: -66.10%
• 5 years: -64.54%
• 10 years: -64.54%

About: Sendas Distribuidora SA is involved in the consumer goods business. Its cash and carry operations involve sales of more than 8,000 items of grocery, food, perishable, beverage, wrapping, hygiene, and cleaning products, among others. Its customers include prepared food retailers (including restaurants, pizzerias, and snack bars), end-users (including schools, small businesses, religious institutions, hospitals, and hotels), conventional retailers such as grocery stores and neighborhood supermarkets, and individuals. Its stores are located throughout 23 Brazilian states.

Employees: 77,370

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

4% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 26

0.11% less ownership

Funds ownership: 1.73% [Q2] → 1.62% (-0.11%) [Q3]

5% less funds holding

Funds holding: 78 [Q2] → 74 (-4) [Q3]

27% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 15

31% less capital invested

Capital invested by funds: $217M [Q2] → $150M (-$67M) [Q3]

50% less funds holding in top 10

Funds holding in top 10: 2 [Q2] → 1 (-1) [Q3]