| Brazil | Institution | 883.653.160 | 31,12% | US$ 8,82B | 2026-05-06 |
| BNDES Participações S.A. - BNDESPAR | Institution | 231.674.520 | 8,16% | US$ 2,31B | 2026-05-06 |
| BlackRock, Inc. | Institution | 157.381.711 | 5,54% | US$ 1,57B | 2026-05-06 |
| Banco Clássico S.A. | Institution | 136.999.461 | 4,82% | US$ 1,37B | 2026-05-06 |
| PPLA Participations Ltd. | Institution | 96.689.700 | 3,40% | US$ 964,96M | 2026-03-18 |
| GIC Private Limited | Institution | 94.882.404 | 3,34% | US$ 946,93M | 2025-12-31 |
| Vanguard Capital Management, LLC | Institution | 61.195.606 | 2,15% | US$ 610,73M | 2026-04-30 |
| GQG Partners LLC | Institution | 56.937.428 | 2,00% | US$ 568,24M | 2026-03-31 |
| Citigroup Inc. | Institution | 56.255.816 | 1,98% | US$ 561,43M | 2026-03-31 |
| Caixa Distribuidora De Titulos E Valores Mobiliarios S.A. | Institution | 50.313.703 | 1,77% | US$ 502,13M | 2026-05-06 |
| Fundo Nacional de Desenvolvimento | Institution | 45.621.589 | 1,61% | US$ 455,30M | 2025-12-22 |
| Radar Gestora de Recursos LTDA. | Institution | 42.704.122 | 1,50% | US$ 426,19M | 2026-05-25 |
| Genial Investimentos Corretora de Valores Mobiliários S.A. | Institution | 24.022.132 | 0,85% | US$ 239,74M | 2025-12-22 |
| JP Morgan Asset Management | Institution | 22.513.434 | 0,79% | US$ 224,68M | 2026-04-30 |
| Baillie Gifford & Co. | Institution | 17.404.370 | 0,61% | US$ 173,70M | 2026-03-31 |
| Vanguard Fiduciary Trust Company | Institution | 15.377.214 | 0,54% | US$ 153,46M | 2026-04-30 |
| FMR LLC | Institution | 14.975.951 | 0,53% | US$ 149,46M | 2026-04-30 |
| Mr. Jose Joao Filho | Insider | 14.889.875 | 0,52% | US$ 148,60M | 2026-03-18 |
| Carmignac Gestion SA | Institution | 12.586.922 | 0,44% | US$ 125,62M | 2025-06-30 |
| Navi Capital Administradora e Gestora de Recursos Financeiros Ltda. | Institution | 11.487.334 | 0,40% | US$ 114,64M | 2026-03-31 |
| Deutsche Asset & Wealth Management | Institution | 10.920.362 | 0,38% | US$ 108,99M | 2026-03-31 |
| Franklin Resources, Inc. | Institution | 10.712.145 | 0,38% | US$ 106,91M | 2026-04-30 |
| Mackenzie Financial Corporation | Institution | 10.622.974 | 0,37% | US$ 106,02M | 2026-04-30 |
| Canada Pension Plan Investment Board | Institution | 10.210.000 | 0,36% | US$ 101,90M | 2025-03-31 |
| Itaú Unibanco Holding S.A. | Institution | 9.483.076 | 0,33% | US$ 94,64M | 2025-11-30 |
| Strategic Advisers LLC | Institution | 9.082.893 | 0,32% | US$ 90,65M | 2026-03-31 |
| Geode Capital Management, LLC | Institution | 8.775.242 | 0,31% | US$ 87,58M | 2026-03-31 |
| Vinci Equities Gestora de Recursos Ltda. | Institution | 8.237.030 | 0,29% | US$ 82,21M | 2025-11-30 |
| State Street Global Advisors, Inc. | Institution | 7.066.088 | 0,25% | US$ 70,52M | 2026-03-31 |
| Apolo Investimentos Ltda. | Institution | 6.541.354 | 0,23% | US$ 65,28M | 2025-11-30 |