| BNDES Participações S.A. - BNDESPAR | Institution | 227.022.297 | 7,99% | US$ 2,32B | 2026-06-16 |
| Banco Clássico S.A. | Institution | 136.999.461 | 4,82% | US$ 1,40B | 2026-06-05 |
| BlackRock, Inc. | Institution | 136.793.838 | 4,82% | US$ 1,40B | 2026-07-05 |
| GIC Private Limited | Institution | 124.796.783 | 4,39% | US$ 1,27B | 2026-07-05 |
| GQG Partners LLC | Institution | 118.049.004 | 4,16% | US$ 1,20B | 2026-06-05 |
| PPLA Participations Ltd. | Institution | 96.710.152 | 3,41% | US$ 986,44M | 2026-07-05 |
| Fundo Nacional de Desenvolvimento | Institution | 45.621.589 | 1,61% | US$ 465,34M | 2025-12-31 |
| Caixa Distribuidora De Titulos E Valores Mobiliarios S.A. | Institution | 37.508.143 | 1,32% | US$ 382,58M | 2026-06-16 |
| Mr. Pedro de Lima Filho | Insider | 22.838.930 | 0,80% | US$ 232,96M | 2026-07-01 |
| JP Morgan Asset Management | Institution | 22.562.193 | 0,79% | US$ 230,13M | 2026-07-05 |
| Baillie Gifford & Co. | Institution | 17.441.676 | 0,61% | US$ 177,91M | 2026-07-05 |
| Vanguard Fiduciary Trust Company | Institution | 15.444.509 | 0,54% | US$ 157,53M | 2026-05-31 |
| Mr. Jose Joao Filho | Insider | 14.893.596 | 0,52% | US$ 151,91M | 2026-07-01 |
| FMR LLC | Institution | 14.547.121 | 0,51% | US$ 148,38M | 2026-07-05 |
| Radar Gestora de Recursos LTDA. | Institution | 14.118.484 | 0,50% | US$ 144,01M | 2026-07-01 |
| Mackenzie Financial Corporation | Institution | 14.015.349 | 0,49% | US$ 142,96M | 2026-05-29 |
| Franklin Resources, Inc. | Institution | 11.917.755 | 0,42% | US$ 121,56M | 2026-07-05 |
| Deutsche Asset & Wealth Management | Institution | 10.344.932 | 0,36% | US$ 105,52M | 2026-07-05 |
| Canada Pension Plan Investment Board | Institution | 10.210.000 | 0,36% | US$ 104,14M | 2025-03-31 |
| Geode Capital Management, LLC | Institution | 9.411.660 | 0,33% | US$ 96,00M | 2026-04-30 |
| Strategic Advisers LLC | Institution | 9.028.018 | 0,32% | US$ 92,09M | 2026-04-30 |
| Goldman Sachs Asset Management, L.P. | Institution | 8.857.251 | 0,31% | US$ 90,34M | 2026-05-29 |
| Carmignac Gestion SA | Institution | 8.749.398 | 0,31% | US$ 89,24M | 2026-07-05 |
| Vinci Equities Gestora de Recursos Ltda. | Institution | 8.495.935 | 0,30% | US$ 86,66M | 2026-07-05 |
| State Street Global Advisors, Inc. | Institution | 6.626.767 | 0,23% | US$ 67,59M | 2026-05-31 |
| Dimensional Fund Advisors LP | Institution | 6.280.519 | 0,22% | US$ 64,06M | 2026-05-29 |
| Australian Super Pty Ltd | Institution | 6.021.078 | 0,21% | US$ 61,41M | 2025-12-31 |
| Kopernik Global Investors, LLC | Institution | 5.774.344 | 0,20% | US$ 58,90M | 2026-01-31 |
| Fundação Petrobrás de Seguridade Social - PETROS | Institution | 4.814.930 | 0,17% | US$ 49,11M | 2026-06-16 |