
What smart money is saying about Companhia de Saneamento Básico do Estado de São Paulo - SABESP
2 funds in our archive have pitched Companhia de Saneamento Básico do Estado de São Paulo - SABESP, most recently Antipodes Emerging Markets Fund in December 2025.
Companhia de Saneamento Básico do Estado de São Paulo SABESP provides water and sewage services to residential, commercial, industrial, and governmental customers. It provides water supply, sanitary sewage, urban rainwater management and drainage, urban cleaning, and solid waste management services, as well as related activities, including the planning, operation, maintenance, and commercialization of energy. As of December 31, 2021, the company provided water services through 9.8 million water connections to approximately 27.8 million people; sewage services through 8.4 million sewage connections to approximately 24.6 million people; and operated 88,904 kilometers of water pipes and water transmission lines, as well as 61,122 kilometers of sewer lines. It also offers water and/or sewage services to four other municipalities through special purpose companies. The company was founded in 1954 and is headquartered in São Paulo, Brazil.
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Position history
Every position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP on record in the archive was reported in Q4 2025, across 1 fund letter, with 1 buy (opened or added).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q4 2025 | 1 | 1 | 0 | 2 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 1 position · 1 move
- December 2025
“the strategy added to the largest water utility in Brazil, as the privatization of water utilities in Brazil should continue to drive stockholder returns in our view.”
Companhia de Saneamento Básico do Estado de São Paulo - SABESP
Fund coverage · 2 theses
- Antipodes Emerging Markets FundDecember 2025
Sabesp is a regulated utility with visible RAB and EBITDA growth, efficiency incentives, and consolidation optionality at an attractive EV/RAB.
Read the full thesis - Schafer Cullen Water Impact StrategyDecember 2025
Sabesp is Brazil’s largest water utility benefiting from post-privatization efficiency gains, accelerated capex-led growth, and potential valuation re-rating amid ongoing privatization tailwinds.
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