| Kieppe Participações e Administração Ltda. | Institution | 305.517.121 | 38,33% | US$ 907,39M | 2026-05-27 |
| Petróleo Brasileiro S.A. - Petrobras | Institution | 288.188.691 | 36,16% | US$ 855,92M | 2026-06-17 |
| Shine Fundo De Investimento Em Participações Responsabilidade Limitada | Institution | 273.628.795 | 34,33% | US$ 812,68M | 2026-06-17 |
| Norges Bank Investment Management | Institution | 17.113.862 | 2,15% | US$ 50,83M | 2026-03-06 |
| Genial Investimentos Corretora de Valores Mobiliários S.A. | Institution | 8.000.000 | 1,00% | US$ 23,76M | 2025-11-30 |
| BlackRock, Inc. | Institution | 6.521.291 | 0,82% | US$ 19,37M | 2026-05-31 |
| Vanguard Capital Management, LLC | Institution | 6.382.990 | 0,80% | US$ 18,96M | 2026-05-31 |
| Vinci Equities Gestora de Recursos Ltda. | Institution | 2.989.000 | 0,38% | US$ 8,88M | 2025-11-30 |
| M&G Investment Management Limited | Institution | 2.776.327 | 0,35% | US$ 8,25M | 2026-01-31 |
| Vanguard Fiduciary Trust Company | Institution | 1.670.788 | 0,21% | US$ 4,96M | 2026-05-31 |
| LPL Financial LLC | Institution | 1.554.254 | 0,20% | US$ 4,62M | 2026-03-31 |
| Nomura Investment Management Business Trust | Institution | 1.470.000 | 0,18% | US$ 4,37M | 2026-02-27 |
| Marshall Wace LLP | Institution | 1.360.798 | 0,17% | US$ 4,04M | 2026-03-31 |
| Itaú Unibanco Holding S.A. | Institution | 1.286.551 | 0,16% | US$ 3,82M | 2025-11-30 |
| Brooklands Fund Management Limited | Institution | 1.100.000 | 0,14% | US$ 3,27M | 2026-03-31 |
| Jane Street Group, LLC | Institution | 1.037.650 | 0,13% | US$ 3,08M | 2026-03-31 |
| X-Square Capital, LLC | Institution | 1.001.800 | 0,13% | US$ 2,98M | 2026-03-31 |
| Lonestar Capital Management LLC | Institution | 1.000.000 | 0,13% | US$ 2,97M | 2026-03-31 |
| Morgan Stanley | Institution | 972.696 | 0,12% | US$ 2,89M | 2026-03-31 |
| UBS Asset Management AG | Institution | 919.926 | 0,12% | US$ 2,73M | 2026-03-31 |
| State Street Global Advisors, Inc. | Institution | 872.264 | 0,11% | US$ 2,59M | 2026-05-31 |
| Tática Asset Management | Institution | 582.800 | 0,07% | US$ 1,73M | 2025-11-30 |
| Caixa Econômica Federal | Institution | 540.080 | 0,07% | US$ 1,60M | 2025-11-30 |
| XTX Markets Limited | Institution | 484.712 | 0,06% | US$ 1,44M | 2026-03-31 |
| BB Gestão de Recursos - Distribuidora de Títulos e Valores Mobiliários S.A. | Institution | 463.192 | 0,06% | US$ 1,38M | 2025-11-30 |
| Two Sigma Investments, LP | Institution | 405.712 | 0,05% | US$ 1,20M | 2026-03-31 |
| Aberdeen Group Plc | Institution | 340.703 | 0,04% | US$ 1,01M | 2025-11-30 |
| Alaska Investimentos LTDA. | Institution | 284.492 | 0,04% | US$ 844,94k | 2025-07-31 |
| Old West Investment Management, LLC | Institution | 281.186 | 0,04% | US$ 835,12k | 2026-03-31 |