Itau Unibanco Holding S.A.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Itau Unibanco Holding S.A. reported 361 stock positions worth $3.2 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 15.9% of the portfolio, followed by Credicorp (BAP, 9.1%) and Petroleo Brasileiro-Spon ADR (PBR, 7.6%). Compared with Q3 2024, it opened 115 new positions, sold out of 77, added to 148 and reduced 92. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +97%) and the biggest sale an exit from iShares 10-20 Year Treasury (TLH).
- Most Recent 13F
- Q2 2026
- Location
- SAO PAULO, D5
- CIK
- 0001132597
- Portfolio Value
- $3.2B (Q4 2024)
- SEC Filing
- 0001104659-25-014290 ↗ filed Feb 14, 2025
Holdings Value
Holdings 361 stocks · $3.2B
| SPY SS SPDR S&P 500 ETF Trust-US | 15.86% | 867,765 | $508.2M | Add +96.6% |
| BAP Credicorp Ltd. | 9.08% | 1,716,777 | $290.9M | Add +243.8% |
| PBR Petroleo Brasileiro-Spon ADR | 7.59% | 19,098,366 | $243.3M | Add +432.0% |
| VOO Vanguard S&P 500 ETF | 6.09% | 361,945 | $195.0M | Reduce -5.8% |
| PBR.A Petroleo Brasil-SP Pref ADR | 4.75% | 13,007,619 | $152.1M | Add +10.4% |
| AMOV America Movil-SPN ADR Class L | 4.05% | 6,254,732 | $129.8M | Add +5514.7% |
| NVDA Nvidia Corp. | 2.82% | 673,564 | $90.5M | Add +83.3% |
| ITUB Itau Unibanco H-Spon PRF ADR | 2.71% | 17,518,732 | $86.9M | Reduce -19.0% |
| MSFT Microsoft Corp. | 2.53% | 192,081 | $81.1M | Add +13.4% |
| AMZN Amazon.com Inc. | 2.52% | 365,875 | $80.6M | Add +25.9% |
| EWJ iShares MSCI Japan ETF | 2.03% | 1,054,475 | $65.0M | Add +35.7% |
| BBD Banco Bradesco-ADR | 1.96% | 33,105,610 | $62.9M | Reduce -12.0% |
| META Meta Platforms Inc. Class A | 1.79% | 99,358 | $57.3M | Reduce -15.9% |
| XLF SS Financial Select Sector | 1.57% | 1,043,961 | $50.4M | Reduce -40.9% |
| TSM Taiwan Semiconductor-SP ADR | 1.53% | 247,678 | $49.0M | Reduce -69.5% |
| FMX Fomento Economico Mex-SP ADR | 1.44% | 541,396 | $46.3M | Reduce -32.5% |
| SUZ Suzano SA - Spon ADR | 1.33% | 3,680,057 | $42.7M | Add +465.3% |
| KO The Coca-Cola Co. | 1.31% | 678,994 | $42.1M | Add +1696.4% |
| VALE Vale SA-SP ADR | 1.30% | 4,701,934 | $41.6M | Reduce -61.0% |
| SCCO Southern Copper Corp. | 1.26% | 533,640 | $40.5M | Add +58.6% |
| BANCOLOMBIA S.A.-SPONS ADR | 1.05% | 787,079 | $33.6M | New |
| GLOB Globant SA | 0.99% | 124,189 | $31.7M | New |
| PAC Grupo Aeroportuario Pac-ADR | 0.95% | 174,266 | $30.5M | Add +31.0% |
| GOOGL Alphabet Inc. Class A | 0.89% | 162,446 | $28.5M | Add +59.8% |
| IWM iShares Russell 2000 ETF | 0.86% | 124,950 | $27.6M | New |
| NFLX Netflix Inc. | 0.85% | 30,455 | $27.2M | Add +18.8% |
| TIMB Tim SA-ADR | 0.80% | 1,769,904 | $25.6M | Add +64.9% |
| EMBJ Embraer SA-Spon ADR | 0.79% | 690,108 | $25.3M | Reduce -38.0% |
| PSR Invesco Active US Real Estat | 0.77% | 48,490 | $24.8M | New |
| AAPL Apple Inc. | 0.75% | 96,239 | $24.1M | Add +2388.7% |
| BABA Alibaba Group Holding-SP ADR | 0.69% | 260,860 | $22.1M | Add +521.1% |
| MELI MercadoLibre Inc. | 0.67% | 12,559 | $21.4M | Reduce -58.3% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.64% | 394,613 | $20.6M | Reduce -0.2% |
| TV Grupo Televisa SA-Spon ADR | 0.64% | 1,749,042 | $20.4M | Add +13477.4% |
| AVGO Broadcom Inc. | 0.57% | 78,870 | $18.3M | Reduce -21.9% |
| NOW ServiceNow Inc. | 0.56% | 16,964 | $18.0M | Add +1.0% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.55% | 51,201 | $17.5M | Reduce -8.9% |
| XLC SS Comm Select Sector SPDR | 0.54% | 180,210 | $17.5M | Add +29.9% |
| EEM iShares MSCI Emerging Market | 0.53% | 408,951 | $17.1M | Add +55.3% |
| MRSH Marsh & McLennan Cos | 0.50% | 75,000 | $15.9M | New |
| XRT SS SPDR S&P Retail ETF | 0.48% | 194,122 | $15.5M | New |
| GGAL Grupo Financiero Galicia-ADR | 0.43% | 221,004 | $13.8M | Add +402.3% |
| PFE Pfizer Inc. | 0.42% | 501,720 | $13.3M | New |
| EFA iShares MSCI Eafe ETF | 0.38% | 163,200 | $12.3M | New |
| AMAT Applied Materials Inc. | 0.38% | 75,645 | $12.3M | New |
| XP XP Inc. Class A | 0.36% | 389,892 | $11.6M | Reduce -33.2% |
| XLB SS Materials Select Sector | 0.35% | 134,700 | $11.3M | Add +1848.8% |
| XLY SS Consumer Disc Select Sect | 0.35% | 49,764 | $11.2M | Reduce -27.0% |
| BA The Boeing Co. | 0.33% | 59,574 | $10.5M | New |
| XLE SS Energy Select Sector | 0.30% | 113,739 | $9.7M | New |
| VIST Vista Energy Sab DE CV | 0.30% | 175,170 | $9.5M | Add +165.4% |
| YPF YPF S.A.-Sponsored ADR filed as YPF SOCIEDAD ANONIMA | 0.27% | 206,779 | $8.8M | Reduce -3.4% |
| CSANY Cosan SA -ADR | 0.24% | 1,452,659 | $7.7M | Add +28.3% |
| CX Cemex Sab-Spons ADR Part Cer | 0.24% | 1,356,269 | $7.7M | Reduce -57.6% |
| DVMT Dell Technologies Inc. Class V | 0.22% | 60,051 | $6.9M | Add +43.1% |
| BKR Baker Hughes Co. | 0.21% | 164,861 | $6.8M | New |
| NEE Nextera Energy Inc. | 0.20% | 91,748 | $6.6M | Reduce -6.5% |
| PYPL PayPal Holdings Inc. | 0.19% | 71,575 | $6.1M | Add +5899.6% |
| BBY Best Buy Co. Inc. | 0.19% | 71,109 | $6.1M | Reduce -57.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.19% | 137,197 | $6.0M | New |
| GGB Gerdau SA -Spon ADR | 0.17% | 1,855,000 | $5.4M | Reduce -35.8% |
| XLK SS Technology Select Sector | 0.17% | 22,800 | $5.3M | Reduce -52.5% |
| SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI | 0.16% | 356,765 | $5.1M | Add +33.5% |
| CCL Carnival Corp. | 0.16% | 205,170 | $5.1M | New |
| RACE Ferrari NV | 0.15% | 11,600 | $5.0M | Add +34.9% |
| BCH Banco DE Chile-ADR | 0.15% | 213,773 | $4.8M | Add +105.4% |
| ABEV Ambev SA-ADR | 0.14% | 2,454,174 | $4.5M | Add +83.8% |
| BURL Burlington Stores Inc. | 0.13% | 15,128 | $4.3M | Add +27.4% |
| IVE iShares S&P 500 Value ETF | 0.13% | 22,230 | $4.2M | New |
| TDG Transdigm Group Inc. | 0.13% | 3,284 | $4.2M | Add +89.7% |
| RSP Invesco S&P 500 Equal Weight | 0.13% | 23,200 | $4.1M | New |
| DBA Invesco DB Agriculture Fund | 0.12% | 146,200 | $3.9M | Reduce -11.3% |
| CEG Constellation Energy | 0.12% | 16,985 | $3.8M | Reduce -5.9% |
| BSAC Banco Santander-Chile-ADR | 0.11% | 195,185 | $3.7M | Reduce -34.3% |
| ULTA Ulta Beauty Inc. | 0.11% | 8,294 | $3.6M | New |
| VIV Telefonica Brasil-ADR | 0.10% | 435,700 | $3.3M | Reduce -25.0% |
| LVS Las Vegas Sands Corp. | 0.10% | 63,808 | $3.3M | New |
| COST Costco Wholesale Corp. | 0.10% | 3,483 | $3.2M | Add +13.4% |
| ASR Grupo Aeroportuario Sur-ADR | 0.10% | 12,311 | $3.2M | Reduce -85.6% |
| FLJP Franklin Ftse Japan ETF | 0.09% | 104,911 | $3.0M | New |
| ARGT Global X MSCI Argentina ETF | 0.09% | 34,823 | $2.9M | New |
| SPGI S&P Global Inc. | 0.09% | 5,711 | $2.8M | New |
| CIG Cia Energetica DE-Spon ADR | 0.08% | 1,487,314 | $2.6M | No change |
| GEV GE Vernova Inc. | 0.08% | 8,000 | $2.6M | New |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.08% | 27,020 | $2.6M | New |
| INTC Intel Corp. | 0.08% | 126,160 | $2.5M | Reduce -54.3% |
| BKNG Booking Holdings Inc. | 0.08% | 502 | $2.5M | Reduce -60.5% |
| ORCL Oracle Corp. | 0.08% | 14,994 | $2.5M | Add +12.6% |
| XOP SS SPDR S&P Og Exp & Prod | 0.08% | 18,600 | $2.4M | Reduce -87.6% |
| ETN Eaton Corp. PLC | 0.07% | 6,681 | $2.2M | Reduce -43.6% |
| BSBR Banco Santander Brasil-ADS | 0.06% | 251,400 | $1.9M | New |
| NDAQ Nasdaq Inc. | 0.06% | 25,000 | $1.9M | New |
| CLX Clorox Company | 0.06% | 11,825 | $1.9M | New |
| AZN Astrazeneca PLC-Spons ADR | 0.06% | 28,361 | $1.9M | Add +74.1% |
| HOOD Robinhood Markets Inc. Class A | 0.06% | 47,972 | $1.8M | Add +1907.2% |
| CRM Salesforce Inc. | 0.06% | 5,448 | $1.8M | New |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.05% | 13,864 | $1.7M | New |
| PEG Public Service Enterprise GP | 0.05% | 19,884 | $1.7M | Reduce -21.7% |
| ABBV Abbvie Inc. | 0.05% | 8,821 | $1.6M | Reduce -23.2% |
| PAM Pampa Energia SA-Spon ADR | 0.05% | 17,486 | $1.5M | New |
Options reported separately and not counted above: ISHARES SILVER TR puts ($5.9M), SPDR GOLD TR puts ($3.7M), BEST BUY INC calls ($125K), GLOBAL X FDS puts ($28K), MATTERPORT INC calls ($7K), ISHARES INC calls ($51).
Other holdings (1): bonds, preferreds, convertibles and warrants · $354K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| JPM.WS JPMorgan Chase & Co.-CW18 | *W EXP 10/28/201 | 1,478 | $354K | New |
Total filed on the 13F, all lines: $3.2B.
Portfolio Sells Q3 2024 → Q4 2024
| TLH iShares 10-20 Year Treasury | Sold out | 0.00% | −3.91 |
| GOVT iShares US Treasury Bond ETF | Reduce -98.7% | 0.05% | −3.44 |
| VALE Vale SA-SP ADR | Reduce -61.0% | 1.30% | −3.34 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -69.5% | 1.53% | −3.12 |
| KOF Coca-Cola Femsa Sab-SP ADR | Sold out | 0.00% | −2.25 |
| VGK Vanguard Ftse Europe ETF | Reduce -98.7% | 0.02% | −2.19 |
| AMX America Movil Sab DE CV | Sold out | 0.00% | −2.18 |
| ITUB Itau Unibanco H-Spon PRF ADR | Reduce -19.0% | 2.71% | −2.02 |
| MELI MercadoLibre Inc. | Reduce -58.3% | 0.67% | −1.37 |
| BBD Banco Bradesco-ADR | Reduce -12.0% | 1.96% | −1.33 |
| FMX Fomento Economico Mex-SP ADR | Reduce -32.5% | 1.44% | −1.16 |
| EWZ iShares MSCI Brazil ETF | Sold out | 0.00% | −1.16 |
| XLI SS Industrial Select Sector | Sold out | 0.00% | −1.09 |
| NU Nu Holdings Ltd./Cayman Isl-A | Sold out | 0.00% | −1.09 |
| XLF SS Financial Select Sector | Reduce -40.9% | 1.57% | −1.06 |
| GLD SPDR Gold Shares | Sold out | 0.00% | −0.90 |
| DESP Despegar.com Corp. | Sold out | 0.00% | −0.86 |
| ASR Grupo Aeroportuario Sur-ADR | Reduce -85.6% | 0.10% | −0.70 |
| FXI iShares China Large-Cap ETF | Sold out | 0.00% | −0.65 |
| VOO Vanguard S&P 500 ETF | Reduce -5.8% | 6.09% | −0.60 |
| XOP SS SPDR S&P Og Exp & Prod | Reduce -87.6% | 0.08% | −0.58 |
| EMBJ Embraer SA-Spon ADR | Reduce -38.0% | 0.79% | −0.51 |
| KWEB Kranesh Csi China Internet | Sold out | 0.00% | −0.45 |
| META Meta Platforms Inc. Class A | Reduce -15.9% | 1.79% | −0.44 |
| CX Cemex Sab-Spons ADR Part Cer | Reduce -57.6% | 0.24% | −0.40 |
| BBY Best Buy Co. Inc. | Reduce -57.2% | 0.19% | −0.37 |
| SLV iShares Silver Trust | Sold out | 0.00% | −0.29 |
| USO United States Oil Fund | Reduce -89.4% | 0.03% | −0.28 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.28 |
| GD General Dynamics Corp. | Sold out | 0.00% | −0.24 |
| XLK SS Technology Select Sector | Reduce -52.5% | 0.17% | −0.19 |
| GGB Gerdau SA -Spon ADR | Reduce -35.8% | 0.17% | −0.17 |
| URI United Rentals Inc. | Sold out | 0.00% | −0.17 |
| STNE Stoneco Ltd. Class A | Sold out | 0.00% | −0.15 |
| JD Jd.com Inc.-ADR | Reduce -96.8% | 0.01% | −0.15 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −0.15 |
| HON Honeywell International Inc. | Reduce -90.9% | 0.01% | −0.14 |
| INTC Intel Corp. | Reduce -54.3% | 0.08% | −0.13 |
| FSLR First Solar Inc. | Reduce -75.5% | 0.03% | −0.13 |
| VANECK VECTORS OIL SERVICES | Sold out | 0.00% | −0.12 |
| MSTR Strategy Inc. | Sold out | 0.00% | −0.12 |
| KRE SS SPDR S&P Regional Bank | Reduce -94.6% | 0.01% | −0.12 |
| ACWX iShares MSCI Acwi Ex US ETF | Reduce -0.2% | 0.64% | −0.10 |
| XLY SS Consumer Disc Select Sect | Reduce -27.0% | 0.35% | −0.10 |
| CPA Copa Holdings SA Class A | Sold out | 0.00% | −0.10 |
| BKNG Booking Holdings Inc. | Reduce -60.5% | 0.08% | −0.10 |
| VIV Telefonica Brasil-ADR | Reduce -25.0% | 0.10% | −0.09 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −0.09 |
| BSAC Banco Santander-Chile-ADR | Reduce -34.3% | 0.11% | −0.09 |
| VTEX Vtex Class A | Sold out | 0.00% | −0.08 |
Portfolio Buys Q3 2024 → Q4 2024
| SPY SS SPDR S&P 500 ETF Trust-US | Add +96.6% | 15.86% | +7.52 |
| BAP Credicorp Ltd. | Add +243.8% | 9.08% | +6.10 |
| PBR Petroleo Brasileiro-Spon ADR | Add +432.0% | 7.59% | +5.89 |
| AMOV America Movil-SPN ADR Class L | Add +5514.7% | 4.05% | +3.99 |
| NVDA Nvidia Corp. | Add +83.3% | 2.82% | +1.35 |
| KO The Coca-Cola Co. | Add +1696.4% | 1.31% | +1.23 |
| SUZ Suzano SA - Spon ADR | Add +465.3% | 1.33% | +1.12 |
| BANCOLOMBIA S.A.-SPONS ADR | New | 1.05% | +1.05 |
| GLOB Globant SA | New | 0.99% | +0.99 |
| IWM iShares Russell 2000 ETF | New | 0.86% | +0.86 |
| PSR Invesco Active US Real Estat | New | 0.77% | +0.77 |
| AMZN Amazon.com Inc. | Add +25.9% | 2.52% | +0.73 |
| AAPL Apple Inc. | Add +2388.7% | 0.75% | +0.72 |
| TV Grupo Televisa SA-Spon ADR | Add +13477.4% | 0.64% | +0.64 |
| BABA Alibaba Group Holding-SP ADR | Add +521.1% | 0.69% | +0.54 |
| MRSH Marsh & McLennan Cos | New | 0.50% | +0.50 |
| XRT SS SPDR S&P Retail ETF | New | 0.48% | +0.48 |
| PFE Pfizer Inc. | New | 0.42% | +0.42 |
| EFA iShares MSCI Eafe ETF | New | 0.38% | +0.38 |
| AMAT Applied Materials Inc. | New | 0.38% | +0.38 |
| GGAL Grupo Financiero Galicia-ADR | Add +402.3% | 0.43% | +0.37 |
| GOOGL Alphabet Inc. Class A | Add +59.8% | 0.89% | +0.33 |
| XLB SS Materials Select Sector | Add +1848.8% | 0.35% | +0.33 |
| BA The Boeing Co. | New | 0.33% | +0.33 |
| XLE SS Energy Select Sector | New | 0.30% | +0.30 |
| NFLX Netflix Inc. | Add +18.8% | 0.85% | +0.25 |
| BKR Baker Hughes Co. | New | 0.21% | +0.21 |
| VIST Vista Energy Sab DE CV | Add +165.4% | 0.30% | +0.20 |
| EWJ iShares MSCI Japan ETF | Add +35.7% | 2.03% | +0.20 |
| TIMB Tim SA-ADR | Add +64.9% | 0.80% | +0.19 |
| PAC Grupo Aeroportuario Pac-ADR | Add +31.0% | 0.95% | +0.19 |
| BAC Bank of America Corp. | New | 0.19% | +0.19 |
| PYPL PayPal Holdings Inc. | Add +5899.6% | 0.19% | +0.19 |
| CCL Carnival Corp. | New | 0.16% | +0.16 |
| EEM iShares MSCI Emerging Market | Add +55.3% | 0.53% | +0.14 |
| IVE iShares S&P 500 Value ETF | New | 0.13% | +0.13 |
| XLC SS Comm Select Sector SPDR | Add +29.9% | 0.54% | +0.13 |
| MSFT Microsoft Corp. | Add +13.4% | 2.53% | +0.13 |
| RSP Invesco S&P 500 Equal Weight | New | 0.13% | +0.13 |
| ULTA Ulta Beauty Inc. | New | 0.11% | +0.11 |
| LVS Las Vegas Sands Corp. | New | 0.10% | +0.10 |
| FLJP Franklin Ftse Japan ETF | New | 0.09% | +0.09 |
| ARGT Global X MSCI Argentina ETF | New | 0.09% | +0.09 |
| SPGI S&P Global Inc. | New | 0.09% | +0.09 |
| GEV GE Vernova Inc. | New | 0.08% | +0.08 |
| KSPI JSC Kaspi.kz ADR | New | 0.08% | +0.08 |
| BCH Banco DE Chile-ADR | Add +105.4% | 0.15% | +0.07 |
| NOW ServiceNow Inc. | Add +1.0% | 0.56% | +0.07 |
| BSBR Banco Santander Brasil-ADS | New | 0.06% | +0.06 |
| NDAQ Nasdaq Inc. | New | 0.06% | +0.06 |
Options Activity Q3 2024 → Q4 2024
| ISHARES SILVER TR | put | Add +748.7% | 8,487 | $5.9M |
| SPDR GOLD TR | put | New | 2,000 | $3.7M |
| NEXTERA ENERGY INC | call | Sold out | 1,050 | $757Kbefore exit |
| SPDR SERIES TRUST | put | Sold out | 1,000 | $185Kbefore exit |
| BEST BUY INC | call | Add +171.4% | 950 | $125K |
| GLOBAL X FDS | put | New | 1,000 | $28K |
| ISHARES INC | call | New | 4,000 | $51 |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2024 → Q4 2024
| JPM.WS JPMorgan Chase & Co.-CW18 | *W EXP 10/28/201 | New | 1,478 | $354K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages 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 |