Itau Unibanco Holding S.A.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Itau Unibanco Holding S.A. reported 103 stock positions worth $2.3 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 11.0% of the portfolio, followed by Fomento Economico Mex-SP ADR (FMX, 7.3%) and Itau Unibanco H-Spon PRF ADR (ITUB, 6.7%). Compared with Q4 2023, it opened 18 new positions, sold out of 272, added to 28 and reduced 52. The biggest buy was a new position in SS Financial Select Sector (XLF) and the biggest sale an exit from Vanguard S&P 500 ETF (VOO).
- Most Recent 13F
- Q2 2026
- Location
- SAO PAULO, D5
- CIK
- 0001132597
- Portfolio Value
- $2.3B (Q1 2024)
- SEC Filing
- 0001104659-24-061224 ↗ filed May 14, 2024
Holdings Value
Holdings 103 stocks · $2.3B
| SPY SS SPDR S&P 500 ETF Trust-US | 11.04% | 492,559 | $257.6M | Reduce -6.2% |
| FMX Fomento Economico Mex-SP ADR | 7.34% | 1,365,167 | $171.3M | Reduce -31.8% |
| ITUB Itau Unibanco H-Spon PRF ADR | 6.69% | 23,288,427 | $156.1M | Reduce -24.1% |
| XLF SS Financial Select Sector | 5.58% | 3,092,040 | $130.2M | New |
| TLH iShares 10-20 Year Treasury | 5.11% | 1,134,068 | $119.1M | Add +6.5% |
| PBR Petroleo Brasileiro-Spon ADR | 4.98% | 7,636,908 | $116.2M | Reduce -6.0% |
| CX Cemex Sab-Spons ADR Part Cer | 4.79% | 12,831,556 | $111.7M | Reduce -0.7% |
| GOVT iShares US Treasury Bond ETF | 4.59% | 4,702,295 | $107.1M | Add +5.3% |
| PBR.A Petroleo Brasil-SP Pref ADR | 4.52% | 7,078,313 | $105.5M | Reduce -2.5% |
| BAP Credicorp Ltd. | 3.52% | 503,276 | $82.2M | Reduce -35.4% |
| TSM Taiwan Semiconductor-SP ADR | 3.10% | 530,798 | $72.2M | Add +14.4% |
| MSFT Microsoft Corp. | 2.92% | 161,893 | $68.1M | Add +5.4% |
| VGK Vanguard Ftse Europe ETF | 2.66% | 922,366 | $62.1M | Add +19.3% |
| BBD Banco Bradesco-ADR | 2.50% | 20,411,722 | $58.4M | Reduce -45.0% |
| VALE Vale SA-SP ADR | 2.48% | 4,890,781 | $57.8M | Reduce -55.5% |
| EWJ iShares MSCI Japan ETF | 2.44% | 799,134 | $57.0M | Add +17.9% |
| ASR Grupo Aeroportuario Sur-ADR | 1.99% | 150,645 | $46.4M | Reduce -26.0% |
| KOF Coca-Cola Femsa Sab-SP ADR | 1.79% | 446,685 | $41.8M | Reduce -9.5% |
| AMZN Amazon.com Inc. | 1.68% | 217,532 | $39.2M | Reduce -25.1% |
| EMBJ Embraer SA-Spon ADR | 1.62% | 1,482,963 | $37.8M | Reduce -39.5% |
| META Meta Platforms Inc. Class A | 1.56% | 75,135 | $36.5M | Add +14.6% |
| URA Global X Uranium ETF | 1.22% | 989,450 | $28.5M | Add +60.1% |
| XP XP Inc. Class A | 1.22% | 1,148,700 | $28.4M | Add +154.4% |
| GOOGL Alphabet Inc. Class A | 0.91% | 140,956 | $21.3M | Add +77.1% |
| SUZ Suzano SA - Spon ADR | 0.89% | 1,624,112 | $20.6M | Reduce -6.7% |
| NVDA Nvidia Corp. | 0.88% | 22,631 | $20.4M | Reduce -70.5% |
| AMD Advanced Micro Devices | 0.78% | 100,979 | $18.2M | Reduce -11.5% |
| AMX America Movil Sab DE CV | 0.74% | 930,594 | $17.3M | Reduce -20.6% |
| PAC Grupo Aeroportuario Pac-ADR | 0.70% | 101,708 | $16.3M | Reduce -21.0% |
| SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI | 0.69% | 959,536 | $16.1M | Add +1015.2% |
| EEM iShares MSCI Emerging Market | 0.69% | 389,314 | $16.0M | Add +34.2% |
| GLD SPDR Gold Shares | 0.57% | 65,000 | $13.4M | Reduce -35.6% |
| TBBB BBB Foods Inc. Class A | 0.56% | 566,187 | $13.0M | New |
| DESP Despegar.com Corp. | 0.50% | 1,001,500 | $11.6M | New |
| ROK Rockwell Automation Inc. | 0.39% | 31,582 | $9.2M | Reduce -37.0% |
| NEE Nextera Energy Inc. | 0.38% | 138,259 | $8.8M | Add +13.1% |
| MU Micron Technology Inc. | 0.29% | 58,369 | $6.9M | Reduce -64.3% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.29% | 564,665 | $6.7M | Reduce -86.5% |
| BBY Best Buy Co. Inc. | 0.28% | 80,246 | $6.6M | Add +11.7% |
| TIMB Tim SA-ADR | 0.27% | 361,076 | $6.4M | Reduce -22.4% |
| AUNA Auna SA Class A | 0.27% | 632,400 | $6.3M | New |
| RTX RTX Corp. | 0.25% | 59,309 | $5.8M | New |
| DBA Invesco DB Agriculture Fund | 0.24% | 215,200 | $5.6M | Add +168.3% |
| ULTA Ulta Beauty Inc. | 0.23% | 10,171 | $5.3M | New |
| CSANY Cosan SA -ADR | 0.23% | 405,691 | $5.3M | Reduce -36.8% |
| STNE Stoneco Ltd. Class A | 0.21% | 290,286 | $4.8M | New |
| EWZ iShares MSCI Brazil ETF | 0.21% | 147,824 | $4.8M | Reduce -66.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.20% | 39,027 | $4.8M | Add +406.8% |
| GGB Gerdau SA -Spon ADR | 0.19% | 994,691 | $4.4M | Reduce -66.2% |
| LULU Lululemon Athletica Inc. | 0.18% | 10,800 | $4.2M | New |
| INDA iShares MSCI India ETF | 0.17% | 78,500 | $4.0M | New |
| SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE | 0.17% | 79,946 | $3.9M | Reduce -93.2% |
| MTTR Matterport Inc. | 0.14% | 1,395,386 | $3.2M | Reduce -10.5% |
| BA The Boeing Co. | 0.13% | 16,200 | $3.1M | New |
| AXIAY Axia Energia-ADR filed as CENTRAIS ELETRICAS BRASILEIR | 0.12% | 347,899 | $2.9M | Reduce -71.6% |
| KDP Keurig Dr Pepper Inc. | 0.12% | 93,700 | $2.9M | Reduce -52.8% |
| PYPL PayPal Holdings Inc. | 0.12% | 41,713 | $2.8M | Add +387.1% |
| ORCL Oracle Corp. | 0.12% | 21,500 | $2.7M | Reduce -47.7% |
| DKNG Draftkings Inc. Class A | 0.11% | 58,300 | $2.6M | New |
| IVV iShares Core S&P 500 ETF | 0.11% | 4,693 | $2.6M | Reduce -13.1% |
| IEF iShares 7-10 Year Treasury B | 0.10% | 13,688 | $2.4M | No change |
| NFLX Netflix Inc. | 0.09% | 3,329 | $2.0M | Reduce -85.3% |
| EFA iShares MSCI Eafe ETF | 0.08% | 23,500 | $1.9M | New |
| ABBV Abbvie Inc. | 0.07% | 9,229 | $1.7M | Add +19.2% |
| UBER Uber Technologies Inc. | 0.07% | 20,900 | $1.6M | New |
| VIV Telefonica Brasil-ADR | 0.07% | 155,100 | $1.6M | Reduce -54.0% |
| IYR iShares US Real Estate ETF | 0.06% | 15,465 | $1.4M | No change |
| PEG Public Service Enterprise GP | 0.06% | 20,696 | $1.4M | Add +15.6% |
| KO The Coca-Cola Co. | 0.06% | 22,184 | $1.4M | Reduce -75.6% |
| AZN Astrazeneca PLC-Spons ADR | 0.06% | 19,675 | $1.3M | Add +20.2% |
| CAT Caterpillar Inc. | 0.06% | 3,504 | $1.3M | New |
| MELI MercadoLibre Inc. | 0.06% | 849 | $1.3M | Reduce -98.3% |
| ABEV Ambev SA-ADR | 0.05% | 463,048 | $1.1M | Reduce -79.7% |
| SLV iShares Silver Trust | 0.04% | 42,526 | $967K | Add +1583.5% |
| SID Cia Siderurgica Nacl-SP ADR filed as COMPANHIA SIDERURGICA NACION | 0.04% | 283,433 | $887K | Add +27.6% |
| RBLX Roblox Corp. Class A | 0.04% | 23,134 | $883K | Reduce -15.8% |
| NEM Newmont Corp. | 0.03% | 19,724 | $707K | Add +23.5% |
| COIN Coinbase Global Inc. Class A | 0.03% | 2,360 | $626K | Add +128.2% |
| XLK SS Technology Select Sector | 0.03% | 3,000 | $625K | Reduce -61.0% |
| IBN Icici Bank Ltd.-Spon ADR | 0.03% | 23,050 | $609K | Reduce -40.1% |
| JNJ Johnson & Johnson | 0.02% | 2,807 | $444K | Reduce -12.5% |
| CCJ Cameco Corp. | 0.02% | 10,000 | $433K | New |
| METV Roundhill Ball Metaverse ETF | 0.02% | 34,200 | $425K | No change |
| XME SS SPDR S&P Metals Mining | 0.02% | 6,500 | $392K | Add +67.3% |
| ZM Zoom Communications Inc. filed as ZOOM VIDEO COMMUNICATIONS IN | 0.02% | 5,908 | $386K | Reduce -5.1% |
| INFY Infosys Ltd.-SP ADR | 0.02% | 20,438 | $366K | Add +47.2% |
| TCOM Trip.com Group Ltd.-ADR | 0.02% | 8,200 | $360K | Reduce -34.9% |
| BSAC Banco Santander-Chile-ADR | 0.01% | 16,521 | $328K | Reduce -3.7% |
| MMYT Makemytrip Ltd. | 0.01% | 4,500 | $320K | Reduce -21.3% |
| SONY Sony Group Corp. - SP ADR | 0.01% | 3,642 | $312K | Add +48.4% |
| EDU New Oriental Educatio-SP ADR | 0.01% | 3,130 | $272K | Reduce -12.6% |
| BMA Banco Macro SA-ADR | 0.01% | 5,200 | $251K | Reduce -10.3% |
| GLOB Globant SA | 0.01% | 890 | $180K | Reduce -44.4% |
| ZTO Zto Express Cayman Inc.-ADR | 0.01% | 8,500 | $178K | New |
| STNG Scorpio Tankers Inc. | 0.01% | 1,870 | $134K | New |
| GILD Gilead Sciences Inc. | 0.00% | 1,543 | $113K | Reduce -30.3% |
| SE Sea Ltd.-ADR | 0.00% | 1,846 | $99K | Add +58.3% |
| SNOW Snowflake Inc. | 0.00% | 558 | $90K | Reduce -98.8% |
| LIT Global X Lithium & Battery T | 0.00% | 912 | $41K | No change |
| TV Grupo Televisa SA-Spon ADR | 0.00% | 13,182 | $40K | Reduce -50.0% |
Options reported separately and not counted above: ISHARES TR puts ($1.2M), PETROLEO BRASILEIRO S A puts ($1.1M), ISHARES INC puts ($909K), ISHARES TR puts ($841K), VANECK MERK GOLD ETF calls ($824K), SELECT SECTOR SPDR TR puts ($746K), ISHARES TR puts ($529K), DISNEY WALT CO puts ($460K), SELECT SECTOR SPDR TR puts ($412K), SELECT SECTOR SPDR TR calls ($327K), SELECT SECTOR SPDR TR puts ($77K), MATTERPORT INC calls ($75K), and 4 more.
Portfolio Sells Q4 2023 → Q1 2024
| VOO Vanguard S&P 500 ETF | Sold out | 0.00% | −3.98 |
| VALE Vale SA-SP ADR | Reduce -55.5% | 2.48% | −3.28 |
| MELI MercadoLibre Inc. | Reduce -98.3% | 0.06% | −2.53 |
| SQM Quimica Y Minera Chil-SP ADR | Reduce -93.2% | 0.17% | −2.09 |
| BBD Banco Bradesco-ADR | Reduce -45.0% | 2.50% | −1.83 |
| IBB iShares Biotechnology ETF | Sold out | 0.00% | −0.96 |
| FMX Fomento Economico Mex-SP ADR | Reduce -31.8% | 7.34% | −0.87 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -86.5% | 0.29% | −0.86 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.55 |
| ARM Arm Holdings PLC-ADR | Sold out | 0.00% | −0.55 |
| SMH Vaneck Semiconductor ETF | Sold out | 0.00% | −0.53 |
| NVDA Nvidia Corp. | Reduce -70.5% | 0.88% | −0.37 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −0.31 |
| SNOW Snowflake Inc. | Reduce -98.8% | 0.00% | −0.31 |
| NXPI NXP Semiconductors NV | Sold out | 0.00% | −0.30 |
| EWZ iShares MSCI Brazil ETF | Reduce -66.6% | 0.21% | −0.30 |
| AA Alcoa Corp. | Sold out | 0.00% | −0.30 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.28 |
| GGB Gerdau SA -Spon ADR | Reduce -66.2% | 0.19% | −0.28 |
| NFLX Netflix Inc. | Reduce -85.3% | 0.09% | −0.28 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.25 |
| LVMUY LVMH Moet Hennessy-Unsp ADR | Sold out | 0.00% | −0.23 |
| ARCO Arcos Dorados Holdings Inc. Class A | Sold out | 0.00% | −0.23 |
| AXIAY Axia Energia-ADR | Reduce -71.6% | 0.12% | −0.22 |
| UNP Union Pacific Corp. | Sold out | 0.00% | −0.20 |
| USO United States Oil Fund | Sold out | 0.00% | −0.20 |
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −0.20 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.19 |
| FLJP Franklin Ftse Japan ETF | Sold out | 0.00% | −0.17 |
| XRT SS SPDR S&P Retail ETF | Sold out | 0.00% | −0.16 |
| MU Micron Technology Inc. | Reduce -64.3% | 0.29% | −0.16 |
| ABEV Ambev SA-ADR | Reduce -79.7% | 0.05% | −0.16 |
| IVE iShares S&P 500 Value ETF | Sold out | 0.00% | −0.15 |
| BAP Credicorp Ltd. | Reduce -35.4% | 3.52% | −0.15 |
| TECK Teck Resources Ltd.-CLS B | Sold out | 0.00% | −0.15 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −0.15 |
| DG Dollar General Corp. | Sold out | 0.00% | −0.15 |
| LOW Lowe's Cos Inc. | Sold out | 0.00% | −0.14 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.13 |
| DAL Delta Air Lines Inc. | Sold out | 0.00% | −0.12 |
| KO The Coca-Cola Co. | Reduce -75.6% | 0.06% | −0.12 |
| ROK Rockwell Automation Inc. | Reduce -37.0% | 0.39% | −0.12 |
| UAL United Airlines Holdings Inc. | Sold out | 0.00% | −0.11 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.11 |
| CSANY Cosan SA -ADR | Reduce -36.8% | 0.23% | −0.11 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.10 |
| PAGS Pagseguro Digital Ltd. Class A | Sold out | 0.00% | −0.10 |
| KDP Keurig Dr Pepper Inc. | Reduce -52.8% | 0.12% | −0.09 |
| CPRI Capri Holdings Ltd. | Sold out | 0.00% | −0.09 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −0.09 |
Portfolio Buys Q4 2023 → Q1 2024
| XLF SS Financial Select Sector | New | 5.58% | +5.58 |
| TSM Taiwan Semiconductor-SP ADR | Add +14.4% | 3.10% | +1.51 |
| TLH iShares 10-20 Year Treasury | Add +6.5% | 5.11% | +1.31 |
| GOVT iShares US Treasury Bond ETF | Add +5.3% | 4.59% | +1.21 |
| VGK Vanguard Ftse Europe ETF | Add +19.3% | 2.66% | +1.02 |
| MSFT Microsoft Corp. | Add +5.4% | 2.92% | +1.02 |
| EWJ iShares MSCI Japan ETF | Add +17.9% | 2.44% | +1.01 |
| XP XP Inc. Class A | Add +154.4% | 1.22% | +0.83 |
| META Meta Platforms Inc. Class A | Add +14.6% | 1.56% | +0.80 |
| URA Global X Uranium ETF | Add +60.1% | 1.22% | +0.66 |
| SBS Cia Saneamento Basico DE-ADR | Add +1015.2% | 0.69% | +0.65 |
| TBBB BBB Foods Inc. Class A | New | 0.56% | +0.56 |
| GOOGL Alphabet Inc. Class A | Add +77.1% | 0.91% | +0.55 |
| DESP Despegar.com Corp. | New | 0.50% | +0.50 |
| EEM iShares MSCI Emerging Market | Add +34.2% | 0.69% | +0.30 |
| AUNA Auna SA Class A | New | 0.27% | +0.27 |
| RTX RTX Corp. | New | 0.25% | +0.25 |
| ULTA Ulta Beauty Inc. | New | 0.23% | +0.23 |
| STNE Stoneco Ltd. Class A | New | 0.21% | +0.21 |
| DBA Invesco DB Agriculture Fund | Add +168.3% | 0.24% | +0.19 |
| DIS The Walt Disney Co. | Add +406.8% | 0.20% | +0.18 |
| LULU Lululemon Athletica Inc. | New | 0.18% | +0.18 |
| INDA iShares MSCI India ETF | New | 0.17% | +0.17 |
| NEE Nextera Energy Inc. | Add +13.1% | 0.38% | +0.13 |
| BA The Boeing Co. | New | 0.13% | +0.13 |
| DKNG Draftkings Inc. Class A | New | 0.11% | +0.11 |
| PYPL PayPal Holdings Inc. | Add +387.1% | 0.12% | +0.10 |
| BBY Best Buy Co. Inc. | Add +11.7% | 0.28% | +0.10 |
| EFA iShares MSCI Eafe ETF | New | 0.08% | +0.08 |
| UBER Uber Technologies Inc. | New | 0.07% | +0.07 |
| CAT Caterpillar Inc. | New | 0.06% | +0.06 |
| SLV iShares Silver Trust | Add +1583.5% | 0.04% | +0.04 |
| ABBV Abbvie Inc. | Add +19.2% | 0.07% | +0.03 |
| PEG Public Service Enterprise GP | Add +15.6% | 0.06% | +0.02 |
| AZN Astrazeneca PLC-Spons ADR | Add +20.2% | 0.06% | +0.02 |
| COIN Coinbase Global Inc. Class A | Add +128.2% | 0.03% | +0.02 |
| CCJ Cameco Corp. | New | 0.02% | +0.02 |
| XME SS SPDR S&P Metals Mining | Add +67.3% | 0.02% | +0.01 |
| SID Cia Siderurgica Nacl-SP ADR | Add +27.6% | 0.04% | +0.01 |
| NEM Newmont Corp. | Add +23.5% | 0.03% | +0.01 |
| ZTO Zto Express Cayman Inc.-ADR | New | 0.01% | +0.01 |
| INFY Infosys Ltd.-SP ADR | Add +47.2% | 0.02% | +0.01 |
| SONY Sony Group Corp. - SP ADR | Add +48.4% | 0.01% | +0.01 |
| STNG Scorpio Tankers Inc. | New | 0.01% | +0.01 |
| SE Sea Ltd.-ADR | Add +58.3% | 0.00% | +0.00 |
| BRFS BRF SA-ADR | New | 0.00% | +0.00 |
Options Activity Q4 2023 → Q1 2024
| ISHARES TR | put | New | 4,500 | $1.2M |
| PETROLEO BRASILEIRO S A | put | New | 2,000 | $1.1M |
| ISHARES INC | put | New | 1,500 | $909K |
| ISHARES TR | put | New | 17,000 | $841K |
| VANECK MERK GOLD ETF | call | New | 4 | $824K |
| SELECT SECTOR SPDR TR | put | New | 1,500 | $746K |
| ISHARES TR | put | New | 10,000 | $529K |
| DISNEY WALT CO | put | New | 1,000 | $460K |
| SELECT SECTOR SPDR TR | put | New | 2,000 | $412K |
| SELECT SECTOR SPDR TR | call | New | 2,000 | $327K |
| ISHARES TR | call | Sold out | 2,000 | $196Kbefore exit |
| SELECT SECTOR SPDR TR | put | New | 2,000 | $77K |
| KRANESHARES TRUST | call | Sold out | 3,000 | $17Kbefore exit |
| SELECT SECTOR SPDR TR | put | New | 2,994 | $16K |
| STATE STR SPDR S&P 500 ETF T | put | New | 1,000 | $11K |
| VANECK MERK GOLD ETF | put | New | 1,000 | $85 |
| AT&T INC | call | Sold out | 500 | $5before exit |
| INVESCO LTD | put | New | 1,500 | $1 |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 355 | $5.1B | SPY, IGOV, VALE, PBR, NU |
| Q1 2026Amended | 351 | $4.2B | PBR, SPY, VALE, VOO, BBD |
| Q4 2025 | 338 | $4.1B | SPY, VOO, PBR, NU, BBD |
| Q3 2025 | 386 | $2.9B | SPY, VOO, ITUB, BBD, BAP |
| Q2 2025 | 373 | $2.6B | SPY, VOO, BBD, ITUB, XLF |
| Q1 2025 | 363 | $2.6B | SPY, VOO, PBR.A, ITUB, TLH |
| Q4 2024 | 361 | $3.2B | SPY, BAP, PBR, VOO, PBR.A |
| Q3 2024 | 323 | $3.0B | SPY, VOO, PBR.A, ITUB, TSM |
| Q2 2024 | 332 | $2.4B | SPY, VOO, TSM, ITUB, FMX |
| Q1 2024 | 103 | $2.3B | SPY, FMX, ITUB, XLF, TLH |