Itau Unibanco Holding S.A.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Itau Unibanco Holding S.A. reported 323 stock positions worth $3.0 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 8.3% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 6.7%) and Petroleo Brasil-SP Pref ADR (PBR.A, 5.1%). Compared with Q2 2024, it opened 115 new positions, sold out of 124, added to 82 and reduced 66. The biggest buy was a new position in SS Financial Select Sector (XLF) and the biggest sale Fomento Economico Mex-SP ADR (FMX, shares −38%).
- Most Recent 13F
- Q2 2026
- Location
- SAO PAULO, D5
- CIK
- 0001132597
- Portfolio Value
- $3.0B (Q3 2024)
- SEC Filing
- 0001104659-24-117926 ↗ filed Nov 14, 2024
Holdings Value
Holdings 323 stocks · $3.0B
| SPY SS SPDR S&P 500 ETF Trust-US | 8.34% | 441,329 | $253.2M | Reduce -7.6% |
| VOO Vanguard S&P 500 ETF | 6.68% | 384,355 | $202.8M | Add +20.6% |
| PBR.A Petroleo Brasil-SP Pref ADR | 5.12% | 11,777,580 | $155.3M | Add +63.6% |
| ITUB Itau Unibanco H-Spon PRF ADR | 4.74% | 21,619,627 | $143.8M | Reduce -9.2% |
| TSM Taiwan Semiconductor-SP ADR | 4.65% | 812,454 | $141.1M | Add +112.7% |
| VALE Vale SA-SP ADR | 4.64% | 12,059,814 | $140.9M | Add +123.4% |
| TLH iShares 10-20 Year Treasury | 3.91% | 1,086,437 | $118.8M | Reduce -3.4% |
| GOVT iShares US Treasury Bond ETF | 3.49% | 4,514,711 | $105.9M | Reduce -2.9% |
| BBD Banco Bradesco-ADR | 3.30% | 37,616,918 | $100.1M | Add +56.8% |
| BAP Credicorp Ltd. | 2.98% | 499,409 | $90.4M | Add +3.6% |
| XLF SS Financial Select Sector | 2.64% | 1,765,299 | $80.0M | New |
| FMX Fomento Economico Mex-SP ADR | 2.61% | 801,829 | $79.1M | Reduce -37.8% |
| MSFT Microsoft Corp. | 2.40% | 169,436 | $72.9M | Add +22.2% |
| KOF Coca-Cola Femsa Sab-SP ADR | 2.25% | 813,164 | $68.3M | Add +59.8% |
| META Meta Platforms Inc. Class A | 2.23% | 118,180 | $67.7M | Add +57.8% |
| VGK Vanguard Ftse Europe ETF | 2.22% | 946,648 | $67.3M | Reduce -1.7% |
| AMX America Movil Sab DE CV | 2.18% | 4,203,170 | $66.0M | Add +243.7% |
| MELI MercadoLibre Inc. | 2.03% | 30,094 | $61.8M | Add +42.2% |
| EWJ iShares MSCI Japan ETF | 1.83% | 777,308 | $55.6M | Reduce -1.2% |
| AMZN Amazon.com Inc. | 1.78% | 290,536 | $54.1M | Reduce -35.7% |
| PBR Petroleo Brasileiro-Spon ADR | 1.70% | 3,590,148 | $51.7M | Add +86.2% |
| NVDA Nvidia Corp. | 1.47% | 367,368 | $44.6M | Add +162.8% |
| EMBJ Embraer SA-Spon ADR | 1.30% | 1,112,314 | $39.3M | Add +54.8% |
| SCCO Southern Copper Corp. | 1.28% | 336,431 | $38.9M | Add +115910.7% |
| EWZ iShares MSCI Brazil ETF | 1.16% | 1,189,412 | $35.1M | Add +606.2% |
| XLI SS Industrial Select Sector | 1.09% | 245,018 | $33.2M | New |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 1.09% | 2,415,700 | $33.0M | Add +167.5% |
| GLD SPDR Gold Shares | 0.90% | 112,300 | $27.3M | Add +560.6% |
| DESP Despegar.com Corp. | 0.86% | 2,099,156 | $26.0M | Add +1.3% |
| ASR Grupo Aeroportuario Sur-ADR | 0.79% | 85,319 | $24.1M | Reduce -42.6% |
| PAC Grupo Aeroportuario Pac-ADR | 0.76% | 133,000 | $23.1M | New |
| ACWX iShares MSCI Acwi Ex US ETF | 0.75% | 395,313 | $22.6M | Add +285.1% |
| XOP SS SPDR S&P Og Exp & Prod | 0.65% | 150,500 | $19.8M | New |
| FXI iShares China Large-Cap ETF | 0.65% | 620,821 | $19.7M | New |
| CX Cemex Sab-Spons ADR Part Cer | 0.64% | 3,195,470 | $19.5M | Reduce -66.0% |
| TIMB Tim SA-ADR | 0.61% | 1,073,450 | $18.5M | Add +55.8% |
| NFLX Netflix Inc. | 0.60% | 25,643 | $18.2M | Add +6.8% |
| AVGO Broadcom Inc. | 0.57% | 100,936 | $17.4M | Reduce -21.9% |
| BBY Best Buy Co. Inc. | 0.56% | 166,032 | $17.2M | Add +82.5% |
| GOOGL Alphabet Inc. Class A | 0.56% | 101,652 | $16.9M | Reduce -49.4% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.52% | 56,223 | $15.8M | Add +65275.6% |
| NOW ServiceNow Inc. | 0.49% | 16,795 | $15.0M | Add +353.9% |
| XLY SS Consumer Disc Select Sect | 0.45% | 68,189 | $13.7M | Reduce -5.2% |
| KWEB Kranesh Csi China Internet | 0.45% | 401,000 | $13.6M | New |
| XLC SS Comm Select Sector SPDR | 0.41% | 138,700 | $12.5M | New |
| EEM iShares MSCI Emerging Market | 0.40% | 263,412 | $12.1M | Reduce -6.1% |
| XLK SS Technology Select Sector | 0.36% | 48,000 | $10.8M | Add +9500.0% |
| CSANY Cosan SA -ADR | 0.36% | 1,132,659 | $10.8M | Add +142193.8% |
| XP XP Inc. Class A | 0.34% | 583,671 | $10.5M | New |
| GGB Gerdau SA -Spon ADR | 0.33% | 2,887,200 | $10.1M | Add +170.0% |
| USO United States Oil Fund | 0.32% | 138,000 | $9.6M | Add +54.2% |
| SLV iShares Silver Trust | 0.29% | 307,026 | $8.7M | Add +12054.6% |
| TSLA Tesla Inc. | 0.28% | 32,146 | $8.4M | Add +15.0% |
| NEE Nextera Energy Inc. | 0.27% | 98,144 | $8.3M | Add +26.6% |
| GD General Dynamics Corp. | 0.24% | 24,000 | $7.3M | New |
| SUZ Suzano SA - Spon ADR | 0.21% | 651,041 | $6.5M | No change |
| INTC Intel Corp. | 0.21% | 276,133 | $6.5M | Add +90.6% |
| BSAC Banco Santander-Chile-ADR | 0.20% | 296,922 | $6.2M | Add +79.6% |
| VIV Telefonica Brasil-ADR | 0.20% | 581,000 | $6.0M | New |
| BKNG Booking Holdings Inc. | 0.18% | 1,272 | $5.4M | Add +3.2% |
| URI United Rentals Inc. | 0.17% | 6,187 | $5.0M | New |
| DVMT Dell Technologies Inc. Class V | 0.16% | 41,954 | $5.0M | Reduce -2.4% |
| JD Jd.com Inc.-ADR | 0.16% | 120,000 | $4.8M | New |
| FSLR First Solar Inc. | 0.16% | 19,167 | $4.8M | Add +11377.3% |
| CEG Constellation Energy | 0.15% | 18,056 | $4.7M | Add +833.1% |
| STNE Stoneco Ltd. Class A | 0.15% | 412,342 | $4.6M | Reduce -66.8% |
| HON Honeywell International Inc. | 0.15% | 22,000 | $4.5M | New |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 0.15% | 214,000 | $4.5M | New |
| BABA Alibaba Group Holding-SP ADR | 0.15% | 42,000 | $4.5M | Reduce -13.6% |
| BIDU Baidu Inc. - Spon ADR | 0.15% | 42,000 | $4.4M | New |
| SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI | 0.15% | 267,307 | $4.4M | Reduce -35.9% |
| DBA Invesco DB Agriculture Fund | 0.14% | 164,900 | $4.3M | Add +1.2% |
| RACE Ferrari NV | 0.13% | 8,600 | $4.0M | New |
| ETN Eaton Corp. PLC | 0.13% | 11,849 | $3.9M | New |
| KRE SS SPDR S&P Regional Bank | 0.12% | 66,302 | $3.8M | New |
| VANECK VECTORS OIL SERVICES | 0.12% | 13,200 | $3.7M | New |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 0.12% | 22,000 | $3.7M | New |
| ABEV Ambev SA-ADR | 0.11% | 1,335,489 | $3.3M | New |
| BURL Burlington Stores Inc. | 0.10% | 11,870 | $3.1M | New |
| CIG Cia Energetica DE-Spon ADR | 0.10% | 1,487,314 | $3.1M | New |
| CPA Copa Holdings SA Class A | 0.10% | 31,993 | $3.0M | New |
| VIST Vista Energy Sab DE CV | 0.10% | 66,000 | $2.9M | Add +204.2% |
| FCX Freeport-McMoran Inc. | 0.09% | 56,000 | $2.8M | Reduce -1.8% |
| COST Costco Wholesale Corp. | 0.09% | 3,072 | $2.7M | Add +84.0% |
| KO The Coca-Cola Co. | 0.09% | 37,798 | $2.7M | Add +15.7% |
| ARES Ares Management Corp. Class A | 0.09% | 17,421 | $2.7M | Reduce -10.3% |
| VTEX Vtex Class A | 0.08% | 338,410 | $2.5M | New |
| TDG Transdigm Group Inc. | 0.08% | 1,731 | $2.5M | Reduce -65.0% |
| VRT Vertiv Holdings Co. Class A | 0.08% | 24,244 | $2.4M | Add +102.0% |
| BCH Banco DE Chile-ADR | 0.08% | 104,073 | $2.4M | New |
| ABBV Abbvie Inc. | 0.07% | 11,492 | $2.3M | Add +19.1% |
| ORCL Oracle Corp. | 0.07% | 13,316 | $2.3M | Reduce -46.3% |
| PEG Public Service Enterprise GP | 0.07% | 25,406 | $2.3M | Add +18.8% |
| ECH iShares MSCI Chile ETF | 0.07% | 76,239 | $2.1M | New |
| V Visa Inc. Class A | 0.07% | 7,450 | $2.0M | Reduce -4.7% |
| PDD PDD Holdings Inc. | 0.06% | 14,500 | $2.0M | New |
| GGAL Grupo Financiero Galicia-ADR | 0.06% | 44,000 | $1.9M | New |
| AMOV America Movil-SPN ADR Class L | 0.06% | 111,400 | $1.8M | Add +158.9% |
| BX Blackstone Inc. | 0.06% | 11,865 | $1.8M | New |
| IBKR Interactive Brokers Gro Class A | 0.06% | 11,981 | $1.7M | Reduce -9.1% |
Options reported separately and not counted above: NEXTERA ENERGY INC calls ($757K), BEST BUY INC calls ($408K), SPDR SERIES TRUST puts ($185K), MATTERPORT INC calls ($49K), ISHARES SILVER TR puts ($45K).
Portfolio Sells Q2 2024 → Q3 2024
| FMX Fomento Economico Mex-SP ADR | Reduce -37.8% | 2.61% | −2.87 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -7.6% | 8.34% | −2.29 |
| AMZN Amazon.com Inc. | Reduce -35.7% | 1.78% | −1.79 |
| CX Cemex Sab-Spons ADR Part Cer | Reduce -66.0% | 0.64% | −1.74 |
| AAPL Apple Inc. | Reduce -97.8% | 0.03% | −1.45 |
| ASR Grupo Aeroportuario Sur-ADR | Reduce -42.6% | 0.79% | −0.97 |
| GOOGL Alphabet Inc. Class A | Reduce -49.4% | 0.56% | −0.94 |
| URA Global X Uranium ETF | Reduce -95.0% | 0.04% | −0.90 |
| TLH iShares 10-20 Year Treasury | Reduce -3.4% | 3.91% | −0.81 |
| GOVT iShares US Treasury Bond ETF | Reduce -2.9% | 3.49% | −0.81 |
| ITUB Itau Unibanco H-Spon PRF ADR | Reduce -9.2% | 4.74% | −0.77 |
| TLT iShares 20+ Year Treasury BD | Sold out | 0.00% | −0.77 |
| SNOW Snowflake Inc. | Reduce -99.8% | 0.00% | −0.69 |
| IVZ Invesco Ltd. | Sold out | 0.00% | −0.59 |
| STNE Stoneco Ltd. Class A | Reduce -66.8% | 0.15% | −0.46 |
| SMH Vaneck Semiconductor ETF | Sold out | 0.00% | −0.44 |
| VGK Vanguard Ftse Europe ETF | Reduce -1.7% | 2.22% | −0.41 |
| OEW Invesco S&P 100 Equal Weight | Sold out | 0.00% | −0.41 |
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −0.37 |
| EWJ iShares MSCI Japan ETF | Reduce -1.2% | 1.83% | −0.36 |
| MA Mastercard Inc. Class A | Reduce -98.7% | 0.00% | −0.28 |
| AVGO Broadcom Inc. | Reduce -21.9% | 0.57% | −0.27 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.27 |
| GLOB Globant SA | Sold out | 0.00% | −0.23 |
| UNP Union Pacific Corp. | Reduce -99.0% | 0.00% | −0.22 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.19 |
| HLT Hilton Worldwide Holdings Inc. | Sold out | 0.00% | −0.19 |
| TBBB BBB Foods Inc. Class A | Sold out | 0.00% | −0.18 |
| TDG Transdigm Group Inc. | Reduce -65.0% | 0.08% | −0.18 |
| HWM Howmet Aerospace Inc. | Reduce -95.1% | 0.01% | −0.18 |
| ARM Arm Holdings PLC-ADR | Sold out | 0.00% | −0.17 |
| BJ Bj's Wholesale Club Holdings | Sold out | 0.00% | −0.15 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.15 |
| QQQ Invesco QQQ Trust Series 1 | Sold out | 0.00% | −0.14 |
| DDOG Datadog Inc. Class A | Reduce -99.7% | 0.00% | −0.12 |
| VST Vistra Corp. | Sold out | 0.00% | −0.11 |
| XLE SS Energy Select Sector | Sold out | 0.00% | −0.11 |
| CCJ Cameco Corp. | Reduce -88.5% | 0.01% | −0.10 |
| LLY Eli Lilly & Co. | Reduce -96.7% | 0.00% | −0.10 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.10 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.10 |
| MTTR Matterport Inc. | Reduce -59.1% | 0.05% | −0.10 |
| MU Micron Technology Inc. | Reduce -98.2% | 0.00% | −0.10 |
| KDP Keurig Dr Pepper Inc. | Sold out | 0.00% | −0.10 |
| BA The Boeing Co. | Sold out | 0.00% | −0.10 |
| CINT Ci&t Inc./United States-A | Sold out | 0.00% | −0.09 |
| EEM iShares MSCI Emerging Market | Reduce -6.1% | 0.40% | −0.09 |
| ISRG Intuitive Surgical Inc. | Reduce -96.6% | 0.00% | −0.09 |
| XLY SS Consumer Disc Select Sect | Reduce -5.2% | 0.45% | −0.09 |
| DVMT Dell Technologies Inc. Class V | Reduce -2.4% | 0.16% | −0.08 |
Portfolio Buys Q2 2024 → Q3 2024
| XLF SS Financial Select Sector | New | 2.64% | +2.64 |
| VALE Vale SA-SP ADR | Add +123.4% | 4.64% | +2.24 |
| AMX America Movil Sab DE CV | Add +243.7% | 2.18% | +1.33 |
| SCCO Southern Copper Corp. | Add +115910.7% | 1.28% | +1.28 |
| BBD Banco Bradesco-ADR | Add +56.8% | 3.30% | +1.17 |
| PBR.A Petroleo Brasil-SP Pref ADR | Add +63.6% | 5.12% | +1.16 |
| XLI SS Industrial Select Sector | New | 1.09% | +1.09 |
| EWZ iShares MSCI Brazil ETF | Add +606.2% | 1.16% | +0.97 |
| NVDA Nvidia Corp. | Add +162.8% | 1.47% | +0.76 |
| PAC Grupo Aeroportuario Pac-ADR | New | 0.76% | +0.76 |
| GLD SPDR Gold Shares | Add +560.6% | 0.90% | +0.75 |
| META Meta Platforms Inc. Class A | Add +57.8% | 2.23% | +0.68 |
| XOP SS SPDR S&P Og Exp & Prod | New | 0.65% | +0.65 |
| FXI iShares China Large-Cap ETF | New | 0.65% | +0.65 |
| MELI MercadoLibre Inc. | Add +42.2% | 2.03% | +0.64 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +167.5% | 1.09% | +0.61 |
| PBR Petroleo Brasileiro-Spon ADR | Add +86.2% | 1.70% | +0.56 |
| EMBJ Embraer SA-Spon ADR | Add +54.8% | 1.30% | +0.55 |
| KOF Coca-Cola Femsa Sab-SP ADR | Add +59.8% | 2.25% | +0.53 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +285.1% | 0.75% | +0.52 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +65275.6% | 0.52% | +0.52 |
| KWEB Kranesh Csi China Internet | New | 0.45% | +0.45 |
| XLC SS Comm Select Sector SPDR | New | 0.41% | +0.41 |
| NOW ServiceNow Inc. | Add +353.9% | 0.49% | +0.38 |
| CSANY Cosan SA -ADR | Add +142193.8% | 0.36% | +0.36 |
| XLK SS Technology Select Sector | Add +9500.0% | 0.36% | +0.35 |
| XP XP Inc. Class A | New | 0.34% | +0.34 |
| SLV iShares Silver Trust | Add +12054.6% | 0.29% | +0.28 |
| BBY Best Buy Co. Inc. | Add +82.5% | 0.56% | +0.25 |
| GD General Dynamics Corp. | New | 0.24% | +0.24 |
| TIMB Tim SA-ADR | Add +55.8% | 0.61% | +0.21 |
| VIV Telefonica Brasil-ADR | New | 0.20% | +0.20 |
| GGB Gerdau SA -Spon ADR | Add +170.0% | 0.33% | +0.19 |
| URI United Rentals Inc. | New | 0.17% | +0.17 |
| VOO Vanguard S&P 500 ETF | Add +20.6% | 6.68% | +0.16 |
| JD Jd.com Inc.-ADR | New | 0.16% | +0.16 |
| FSLR First Solar Inc. | Add +11377.3% | 0.16% | +0.16 |
| HON Honeywell International Inc. | New | 0.15% | +0.15 |
| YPF YPF S.A.-Sponsored ADR | New | 0.15% | +0.15 |
| BIDU Baidu Inc. - Spon ADR | New | 0.15% | +0.15 |
| CEG Constellation Energy | Add +833.1% | 0.15% | +0.14 |
| RACE Ferrari NV | New | 0.13% | +0.13 |
| ETN Eaton Corp. PLC | New | 0.13% | +0.13 |
| KRE SS SPDR S&P Regional Bank | New | 0.12% | +0.12 |
| VANECK VECTORS OIL SERVICES | New | 0.12% | +0.12 |
| MSTR Strategy Inc. | New | 0.12% | +0.12 |
| ABEV Ambev SA-ADR | New | 0.11% | +0.11 |
| BURL Burlington Stores Inc. | New | 0.10% | +0.10 |
| CIG Cia Energetica DE-Spon ADR | New | 0.10% | +0.10 |
| CPA Copa Holdings SA Class A | New | 0.10% | +0.10 |
Options Activity Q2 2024 → Q3 2024
| ISHARES INC | put | Sold out | 4,500 | $1.4Mbefore exit |
| NEXTERA ENERGY INC | call | Reduce -12.5% | 1,050 | $757K |
| ISHARES GOLD TR | call | Sold out | 600 | $418Kbefore exit |
| BEST BUY INC | call | Reduce -63.2% | 350 | $408K |
| SELECT SECTOR SPDR TR | put | Sold out | 2,000 | $355Kbefore exit |
| ISHARES GOLD TR | put | Sold out | 600 | $273Kbefore exit |
| SPDR SERIES TRUST | put | New | 1,000 | $185K |
| ISHARES SILVER TR | put | New | 1,000 | $45K |
| UNITED STATES OIL FUND LP | put | Sold out | 500 | $42Kbefore exit |
| UNITED STATES OIL FUND LP | call | Sold out | 500 | $32Kbefore exit |
| SELECT SECTOR SPDR TR | call | Sold out | 2,000 | $27Kbefore exit |
| GLOBAL X FDS | call | Sold out | 854 | $24Kbefore exit |
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 |