Ultrapar Participacoes S A (UGP)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Bizma Investimentos Ltda	14,079,999	$37,030,398	22.12%
2.	Blackrock, Inc.	7,456,724	$19,611,185	0%
3.	Morgan Stanley	5,336,480	$14,034,946	0%
4.	Goldman Sachs Group Inc	2,422,440	$6,371,017	0%
5.	Qube Research & Technologies Ltd	1,924,827	$5,062,295	0%