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| Holder | Type | Held (Actual) | % of Outstanding | Market Value | Date Reported |
|---|---|---|---|---|---|
| BlackRock, Inc. | Institution | 37,200,891 | 12.49% | R$ 2.96B | 2026-03-31 |
| Vanguard Portfolio Management, LLC | Institution | 27,123,117 | 9.11% | R$ 2.16B | 2026-03-31 |
| State Street Global Advisors, Inc. | Institution | 14,573,313 | 4.89% | R$ 1.16B | 2026-03-31 |
| Vanguard Capital Management, LLC | Institution | 13,234,121 | 4.44% | R$ 1.05B | 2026-03-31 |
| Cohen & Steers Capital Management, Inc. | Institution | 11,977,541 | 4.02% | R$ 954.37M | 2026-03-31 |
| Geode Capital Management, LLC | Institution | 8,928,107 | 3.00% | R$ 711.39M | 2026-03-31 |
| Charles Schwab Investment Management, Inc. | Institution | 4,616,672 | 1.55% | R$ 367.86M | 2026-03-31 |
| Dimensional Fund Advisors LP | Institution | 4,423,120 | 1.49% | R$ 352.43M | 2026-03-31 |
| Invesco Ltd. | Institution | 4,004,522 | 1.34% | R$ 319.08M | 2026-03-31 |
| UBS Asset Management AG | Institution | 3,596,034 | 1.21% | R$ 286.53M | 2026-03-31 |
| BNY Asset Management | Institution | 3,543,615 | 1.19% | R$ 282.36M | 2026-03-31 |
| Norges Bank Investment Management | Institution | 3,522,012 | 1.18% | R$ 280.63M | 2025-12-31 |
| Northern Trust Global Investments | Institution | 3,122,006 | 1.05% | R$ 248.76M | 2026-03-31 |
| CenterSquare Investment Management LLC | Institution | 2,906,065 | 0.98% | R$ 231.56M | 2026-03-31 |
| Daiwa Asset Management Co., Ltd. | Institution | 2,548,984 | 0.86% | R$ 203.10M | 2026-03-31 |
| Bank of America Corporation | Institution | 2,363,145 | 0.79% | R$ 188.30M | 2026-03-31 |
| AQR Capital Management, LLC | Institution | 2,289,284 | 0.77% | R$ 182.41M | 2026-03-31 |
| Morgan Stanley | Institution | 2,267,966 | 0.76% | R$ 180.71M | 2026-03-31 |
| Two Sigma Investments, LP | Institution | 2,187,529 | 0.73% | R$ 174.30M | 2026-03-31 |
| Quantinno Capital Management LP | Institution | 2,125,931 | 0.71% | R$ 169.39M | 2026-03-31 |
| Invesco Capital Management LLC | Institution | 1,918,515 | 0.64% | R$ 152.87M | 2026-03-31 |
| JP Morgan Asset Management | Institution | 1,910,767 | 0.64% | R$ 152.25M | 2026-03-31 |
| JPMorgan Chase & Co. | Institution | 1,898,742 | 0.64% | R$ 151.29M | 2026-03-31 |
| Legal & General Investment Management Limited | Institution | 1,850,566 | 0.62% | R$ 147.45M | 2026-03-31 |
| Vanguard Fiduciary Trust Company | Institution | 1,835,596 | 0.62% | R$ 146.26M | 2026-03-31 |
| CBRE Investment Management Listed Real Assets LLC | Institution | 1,760,382 | 0.59% | R$ 140.27M | 2026-03-31 |
| D. E. Shaw & Co., L.P. | Institution | 1,609,635 | 0.54% | R$ 128.26M | 2026-03-31 |
| AssetMark, Inc. | Institution | 1,406,577 | 0.47% | R$ 112.08M | 2026-03-31 |
| LSV Asset Management | Institution | 1,207,300 | 0.41% | R$ 96.20M | 2026-03-31 |
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