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| Holder | Type | Held (Actual) | % of Outstanding | Market Value | Date Reported |
|---|---|---|---|---|---|
| BlackRock, Inc. | Institution | 37,201,363 | 12.49% | R$ 3.10B | 2026-03-31 |
| Vanguard Portfolio Management, LLC | Institution | 27,123,117 | 9.11% | R$ 2.26B | 2026-03-31 |
| Cohen & Steers Capital Management, Inc. | Institution | 11,977,541 | 4.02% | R$ 999.41M | 2026-03-31 |
| Charles Schwab Investment Management, Inc. | Institution | 4,616,672 | 1.55% | R$ 385.22M | 2026-03-31 |
| Dimensional Fund Advisors LP | Institution | 4,423,120 | 1.49% | R$ 369.07M | 2026-03-31 |
| Invesco Ltd. | Institution | 4,004,522 | 1.34% | R$ 334.14M | 2026-03-31 |
| UBS Asset Management AG | Institution | 3,596,034 | 1.21% | R$ 300.05M | 2026-03-31 |
| BNY Asset Management | Institution | 3,543,615 | 1.19% | R$ 295.68M | 2026-03-31 |
| CenterSquare Investment Management LLC | Institution | 2,906,065 | 0.98% | R$ 242.48M | 2026-03-31 |
| Daiwa Asset Management Co., Ltd. | Institution | 2,548,984 | 0.86% | R$ 212.69M | 2026-03-31 |
| Bank of America Corporation | Institution | 2,363,145 | 0.79% | R$ 197.18M | 2026-03-31 |
| AQR Capital Management, LLC | Institution | 2,289,284 | 0.77% | R$ 191.02M | 2026-03-31 |
| Two Sigma Investments, LP | Institution | 2,187,529 | 0.73% | R$ 182.53M | 2026-03-31 |
| Quantinno Capital Management LP | Institution | 2,125,931 | 0.71% | R$ 177.39M | 2026-03-31 |
| Legal & General Investment Management Limited | Institution | 1,850,566 | 0.62% | R$ 154.41M | 2026-03-31 |
| CBRE Investment Management Listed Real Assets LLC | Institution | 1,760,382 | 0.59% | R$ 146.89M | 2026-03-31 |
| D. E. Shaw & Co., L.P. | Institution | 1,609,635 | 0.54% | R$ 134.31M | 2026-03-31 |
| AssetMark, Inc. | Institution | 1,406,577 | 0.47% | R$ 117.36M | 2026-03-31 |
| LSV Asset Management | Institution | 1,207,300 | 0.41% | R$ 100.74M | 2026-03-31 |
| Schroder Investment Management Limited | Institution | 1,183,915 | 0.40% | R$ 98.79M | 2026-03-31 |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | Institution | 1,143,602 | 0.38% | R$ 95.42M | 2026-03-31 |
| Marshall Wace LLP | Institution | 1,092,516 | 0.37% | R$ 91.16M | 2026-03-31 |
| Allspring Global Investments, LLC | Institution | 1,017,192 | 0.34% | R$ 84.87M | 2026-03-31 |
| Russell Investment Management, LLC | Institution | 1,009,176 | 0.34% | R$ 84.21M | 2026-03-31 |
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