Latin America Financials: Chart(s) of the Week: Monthly Quant Positioning for LatAm Financials

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Latin America Financials: Chart(s) of the Week: Monthly Quant Positioning for LatAm Financials

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25 Jun 2026 17:34:28 ET │ 14 pages

Latin America Financials

Chart(s) of the Week: Monthly Quant Positioning for LatAm Financials

CITI'S TAKE

Gustavo Schroden AC

In this edition, we publish positioning charts for our LatAm Financials +55-11-4009-5858

coverage, stemming from the Crowding Composite elaborated by Citi’s gustavo.schroden@citi.com

Quant team, which considers several inputs, such as price momentum,

valuation, short-interest ratio, consensus ratings, and macro exposure. As Arnon Shirazi, CFA

of Jun 23, 2026, among the 31 companies mapped, consensus long +55-11-4009-7906

positioning accounted for 39%, while consensus short positioning arnon.shirazi@citi.com

represented 52%, compared to 22% long and 47% shorts last month.

Across these tracked companies, we highlight in the long quadrant: Cibest, Brian Flores, CFA

Caixa Seguridade and Itaúsa; while the shortest consensus were: +55-11-4009-2842

Santander Brasil, Inter and Inbursa. luis.brian.flores@citi.com

Long positioning: Longs now concentrated in fewer names — Among Brazilian

banks mapped by us, BPAC, ITUB, and ABCB continue positioned in the consensus

long quadrant. Within LatAm (ex-Bz) names, we highlight the presence of CIBEST,

BCI, BAP, ITAUCL and SANCL. Among non-banks, ITSA, CXSE and PSSA are in the

quadrant. Notably, B3 moved out of the long quadrant, on the threshold of the two-

way debate field. Overall, consensus longs increased versus last month, with 11

companies in this quadrant compared to 7 previously.

Short positioning: Bradesco move into shorts; Nubank in the threshold —

Consensus shorts increased once again this month, now representing 52% of the

mapped universe versus 47% last month.