Itau Unibanco Holding S.A.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Itau Unibanco Holding S.A. reported 338 stock positions worth $4.1 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 8.0% of the portfolio, followed by Vanguard S&P 500 ETF (VOO, 6.3%) and Petroleo Brasileiro-Spon ADR (PBR, 5.7%). Compared with Q3 2025, it opened 95 new positions, sold out of 143, added to 143 and reduced 92. The biggest buy was Petroleo Brasileiro-Spon ADR (PBR, shares +147%) and the biggest sale Credicorp (BAP, shares −40%).
- Most Recent 13F
- Q2 2026
- Location
- SAO PAULO, D5
- CIK
- 0001132597
- Portfolio Value
- $4.1B (Q4 2025)
- SEC Filing
- 0001292814-26-000379 ↗ filed Feb 13, 2026
Holdings Value
Holdings 338 stocks · $4.1B
| SPY SS SPDR S&P 500 ETF Trust-US | 7.98% | 477,457 | $325.6M | Add +6.4% |
| VOO Vanguard S&P 500 ETF | 6.31% | 410,577 | $257.5M | Add +22.0% |
| PBR Petroleo Brasileiro-Spon ADR | 5.74% | 19,828,159 | $234.2M | Add +146.6% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 5.17% | 12,592,559 | $210.8M | Add +88.4% |
| BBD Banco Bradesco-ADR | 3.80% | 46,867,695 | $155.1M | Add +29.9% |
| ITUB Itau Unibanco H-Spon PRF ADR | 3.71% | 21,106,153 | $151.3M | Reduce -6.9% |
| VALE Vale SA-SP ADR | 3.25% | 10,122,584 | $132.7M | Add +69.6% |
| CX Cemex Sab-Spons ADR Part Cer | 3.07% | 10,857,832 | $125.4M | Add +53.1% |
| GLD SPDR Gold Shares | 2.75% | 283,174 | $112.2M | Add +549.9% |
| PBR.A Petroleo Brasil-SP Pref ADR | 2.53% | 9,218,618 | $103.2M | Add +44.0% |
| NVDA Nvidia Corp. | 2.24% | 489,137 | $91.2M | Add +10.1% |
| AMZN Amazon.com Inc. | 2.08% | 367,628 | $84.9M | Add +14.7% |
| LTM Latam Airlines Group SA-ADR | 2.04% | 1,545,674 | $83.3M | New |
| VGK Vanguard Ftse Europe ETF | 1.97% | 963,000 | $80.5M | Add +13.2% |
| PXH Inves Rafi Emer MRKT-Usd Inc. | 1.93% | 3,051,133 | $78.7M | Add +4.3% |
| BAP Credicorp Ltd. | 1.90% | 267,014 | $77.4M | Reduce -40.3% |
| GOVT iShares US Treasury Bond ETF | 1.73% | 3,058,691 | $70.4M | Add +586.2% |
| EMBJ Embraer SA-Spon ADR | 1.68% | 1,064,049 | $68.5M | Add +0.8% |
| KOF Coca-Cola Femsa Sab-SP ADR | 1.57% | 672,833 | $64.0M | Reduce -17.5% |
| AAPL Apple Inc. | 1.54% | 230,457 | $62.7M | Add +204.1% |
| EWJ iShares MSCI Japan ETF | 1.51% | 763,060 | $61.6M | Add +52.2% |
| MELI MercadoLibre Inc. | 1.42% | 28,824 | $58.1M | New |
| MSFT Microsoft Corp. | 1.40% | 117,928 | $57.0M | Add +23.4% |
| GOOGL Alphabet Inc. Class A | 1.31% | 170,797 | $53.5M | Add +46.0% |
| AMX America Movil Sab DE CV | 1.24% | 2,450,123 | $50.8M | Add +23.6% |
| IWM iShares Russell 2000 ETF | 1.13% | 186,377 | $45.9M | Add +141.8% |
| TSLA Tesla Inc. | 1.12% | 101,871 | $45.8M | Add +6.1% |
| PAC Grupo Aeroportuario Pac-ADR | 1.05% | 161,435 | $42.6M | New |
| EEM iShares MSCI Emerging Market | 1.03% | 770,835 | $42.2M | Add +158.1% |
| CIB Grupo Cibest SA-ADR | 1.02% | 651,368 | $41.5M | Add +164.5% |
| FMX Fomento Economico Mex-SP ADR | 1.02% | 409,557 | $41.4M | New |
| XLF SS Financial Select Sector | 0.94% | 702,341 | $38.5M | Add +616.5% |
| META Meta Platforms Inc. Class A | 0.91% | 56,329 | $37.2M | Add +13.3% |
| TBBB BBB Foods Inc. Class A | 0.87% | 1,059,893 | $35.6M | Reduce -11.8% |
| GGB Gerdau SA -Spon ADR | 0.79% | 8,744,732 | $32.3M | Reduce -12.2% |
| BCH Banco DE Chile-ADR | 0.78% | 835,782 | $31.8M | Add +29.5% |
| GGAL Grupo Financiero Galicia-ADR | 0.75% | 564,437 | $30.4M | Reduce -34.5% |
| IVV iShares Core S&P 500 ETF | 0.75% | 44,415 | $30.4M | New |
| ACWX iShares MSCI Acwi Ex US ETF | 0.71% | 433,100 | $29.1M | Reduce -4.9% |
| PSR Invesco Active US Real Estat | 0.70% | 46,330 | $28.5M | Add +85.5% |
| SCCO Southern Copper Corp. | 0.67% | 191,301 | $27.5M | Reduce -53.9% |
| IWF iShares Russell 1000 Growth | 0.65% | 55,861 | $26.4M | Reduce -25.5% |
| NFLX Netflix Inc. | 0.65% | 281,297 | $26.4M | Add +45.4% |
| EFG iShares MSCI Eafe Growth ETF | 0.63% | 225,826 | $25.7M | Reduce -17.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.62% | 83,071 | $25.2M | Add +100.2% |
| AERO Grupo Aeromexico Sab DE CV | 0.60% | 1,101,434 | $24.4M | New |
| AVGO Broadcom Inc. | 0.57% | 66,839 | $23.1M | Reduce -0.1% |
| ETN Eaton Corp. PLC | 0.54% | 69,255 | $22.1M | Add +1523.0% |
| PLTR Palantir Technologies Inc. Class A | 0.54% | 122,786 | $21.8M | Add +7899.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.53% | 46,322 | $21.7M | Reduce -8.8% |
| PDD PDD Holdings Inc. | 0.38% | 136,375 | $15.5M | New |
| CPA Copa Holdings SA Class A | 0.38% | 127,532 | $15.3M | Add +505.1% |
| V Visa Inc. Class A | 0.34% | 39,993 | $14.0M | Add +2880.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.32% | 44,059 | $13.1M | New |
| SHV iShares 0-1 Year Treasury Bo | 0.29% | 108,400 | $11.9M | New |
| PAM Pampa Energia SA-Spon ADR | 0.26% | 120,557 | $10.6M | Add +160.2% |
| NLR Vaneck Urani & Nuclr ETF-Usd | 0.26% | 84,755 | $10.5M | New |
| UTES Virtus Reaves Utilities ETF | 0.24% | 123,400 | $9.7M | New |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.23% | 85,581 | $9.4M | Add +1.9% |
| HOOD Robinhood Markets Inc. Class A | 0.23% | 80,418 | $9.3M | Add +70.4% |
| SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI | 0.21% | 351,501 | $8.4M | Add +2.7% |
| FCX Freeport-McMoran Inc. | 0.20% | 158,037 | $8.1M | Add +17.9% |
| MU Micron Technology Inc. | 0.19% | 27,410 | $7.8M | Reduce -24.6% |
| SUZ Suzano SA - Spon ADR | 0.19% | 828,449 | $7.7M | No change |
| XLK SS Technology Select Sector | 0.19% | 53,262 | $7.7M | Add +0.8% |
| STNE Stoneco Ltd. Class A | 0.19% | 517,057 | $7.6M | Reduce -18.9% |
| BBY Best Buy Co. Inc. | 0.18% | 107,349 | $7.2M | Add +49.1% |
| XLB SS Materials Select Sector | 0.17% | 151,900 | $6.9M | Reduce -4.1% |
| XLY SS Consumer Disc Select Sect | 0.16% | 55,666 | $6.6M | Reduce -30.9% |
| JPM JPMorgan Chase & Co. | 0.16% | 20,560 | $6.6M | Add +1689.4% |
| IVW iShares S&P 500 Growth ETF | 0.16% | 53,410 | $6.6M | New |
| XLC SS Comm Select Sector SPDR | 0.16% | 54,747 | $6.4M | Add +229.9% |
| NRG NRG Energy Inc. | 0.16% | 39,782 | $6.3M | Add +1856.8% |
| MRK Merck & Co. Inc. | 0.15% | 58,694 | $6.2M | Add +13645.7% |
| RKLB Rocket Lab Corp. | 0.15% | 88,000 | $6.2M | New |
| CSGP Costar Group Inc. | 0.14% | 87,687 | $5.9M | Add +4.8% |
| VTMX Corp. Inmobiliaria Vesta-ADR filed as VESTA REAL ESTATE CORP | 0.14% | 190,366 | $5.8M | New |
| NEE Nextera Energy Inc. | 0.13% | 68,204 | $5.5M | Add +25.8% |
| WMB Williams Cos Inc. | 0.13% | 85,203 | $5.1M | Add +11636.0% |
| SPGI S&P Global Inc. | 0.12% | 9,627 | $5.0M | Add +3.5% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.12% | 59,441 | $4.7M | Reduce -19.1% |
| ISRG Intuitive Surgical Inc. | 0.11% | 8,107 | $4.6M | Add +10293.6% |
| XOP SS SPDR S&P Og Exp & Prod | 0.11% | 34,800 | $4.4M | New |
| PATH Uipath Inc. Class A | 0.11% | 260,000 | $4.3M | New |
| DBA Invesco DB Agriculture Fund | 0.11% | 168,400 | $4.3M | No change |
| TLN Talen Energy Corp. | 0.10% | 11,042 | $4.1M | Add +21551.0% |
| TSEM Tower Semiconductor Ltd. | 0.10% | 34,000 | $4.1M | New |
| HRL Hormel Foods Corp. | 0.10% | 169,581 | $4.0M | Add +139.6% |
| BOTZ Global X Robotics & Artifici | 0.10% | 108,000 | $4.0M | New |
| ARM Arm Holdings PLC-ADR | 0.09% | 34,650 | $3.8M | Add +45492.1% |
| AES AES Corp. | 0.09% | 259,061 | $3.7M | New |
| URI United Rentals Inc. | 0.09% | 4,583 | $3.7M | New |
| XLE SS Energy Select Sector | 0.08% | 76,276 | $3.4M | Reduce -35.6% |
| LLY Eli Lilly & Co. | 0.08% | 2,961 | $3.2M | Reduce -3.3% |
| JBS JBS NV-A | 0.08% | 220,600 | $3.2M | New |
| KVUE Kenvue Inc. | 0.08% | 179,600 | $3.1M | Add +1328.8% |
| TLT iShares 20+ Year Treasury BD | 0.08% | 35,000 | $3.1M | Reduce -54.8% |
| OMER Omeros Corp. | 0.07% | 180,000 | $3.1M | New |
| ABBV Abbvie Inc. | 0.07% | 12,933 | $3.0M | Add +5.9% |
| GEV GE Vernova Inc. | 0.07% | 4,517 | $3.0M | Add +125.8% |
Options reported separately and not counted above: SPDR GOLD TR calls ($92.6M), INTEL CORP calls ($1.2M), BEST BUY INC calls ($78K), NEXTERA ENERGY INC calls ($32K).
Portfolio Sells Q3 2025 → Q4 2025
| BAP Credicorp Ltd. | Reduce -40.3% | 1.90% | −2.16 |
| LTMAY Latam Airlines Group-SP ADR | Sold out | 0.00% | −2.01 |
| ITUB Itau Unibanco H-Spon PRF ADR | Reduce -6.9% | 3.71% | −1.95 |
| ASR Grupo Aeroportuario Sur-ADR | Sold out | 0.00% | −1.67 |
| SCCO Southern Copper Corp. | Reduce -53.9% | 0.67% | −1.04 |
| ORCL Oracle Corp. | Reduce -99.3% | 0.00% | −0.87 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.78 |
| KOF Coca-Cola Femsa Sab-SP ADR | Reduce -17.5% | 1.57% | −0.74 |
| KWEB Kranesh Csi China Internet | Sold out | 0.00% | −0.74 |
| IWF iShares Russell 1000 Growth | Reduce -25.5% | 0.65% | −0.55 |
| EWZ iShares MSCI Brazil ETF | Sold out | 0.00% | −0.54 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -17.8% | 0.63% | −0.43 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -8.8% | 0.53% | −0.32 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −0.30 |
| ACWX iShares MSCI Acwi Ex US ETF | Reduce -4.9% | 0.71% | −0.29 |
| GGB Gerdau SA -Spon ADR | Reduce -12.2% | 0.79% | −0.26 |
| COIN Coinbase Global Inc. Class A | Sold out | 0.00% | −0.24 |
| TBBB BBB Foods Inc. Class A | Reduce -11.8% | 0.87% | −0.23 |
| STNE Stoneco Ltd. Class A | Reduce -18.9% | 0.19% | −0.22 |
| ICLN iShares Global Clean Energy | Reduce -79.6% | 0.04% | −0.22 |
| INTC Intel Corp. | Reduce -89.5% | 0.02% | −0.20 |
| EOG EOG Resources Inc. | Sold out | 0.00% | −0.20 |
| AVGO Broadcom Inc. | Reduce -0.1% | 0.57% | −0.18 |
| COMPANHIA PARANAENSE ENERG C | Sold out | 0.00% | −0.18 |
| XLY SS Consumer Disc Select Sect | Reduce -30.9% | 0.16% | −0.17 |
| TLT iShares 20+ Year Treasury BD | Reduce -54.8% | 0.08% | −0.16 |
| FXI iShares China Large-Cap ETF | Sold out | 0.00% | −0.14 |
| WMT Walmart Inc. | Reduce -99.6% | 0.00% | −0.13 |
| NBIS Nebius Group NV | Sold out | 0.00% | −0.13 |
| RIOT Riot Platforms Inc. | Reduce -90.5% | 0.01% | −0.12 |
| CEG Constellation Energy | Reduce -83.5% | 0.02% | −0.12 |
| MARA Mara Holdings Inc. | Reduce -97.3% | 0.00% | −0.11 |
| GARP iShares MSCI USA Quality Gar | Sold out | 0.00% | −0.11 |
| GDX Vaneck Gold Miners ETF | Sold out | 0.00% | −0.10 |
| CSANY Cosan SA -ADR | Sold out | 0.00% | −0.10 |
| RSP Invesco S&P 500 Equal Weight | Reduce -99.8% | 0.00% | −0.10 |
| XLE SS Energy Select Sector | Reduce -35.6% | 0.08% | −0.10 |
| XLI SS Industrial Select Sector | Reduce -99.9% | 0.00% | −0.09 |
| KSPI JSC Kaspi.kz ADR | Reduce -19.1% | 0.12% | −0.09 |
| EWW iShares MSCI Mexico ETF | Sold out | 0.00% | −0.08 |
| URA Global X Uranium ETF | Reduce -89.1% | 0.01% | −0.08 |
| XLB SS Materials Select Sector | Reduce -4.1% | 0.17% | −0.07 |
| KDP Keurig Dr Pepper Inc. | Sold out | 0.00% | −0.07 |
| CRWV Coreweave Inc. Class A | Sold out | 0.00% | −0.07 |
| BSBR Banco Santander Brasil-ADS | Sold out | 0.00% | −0.07 |
| HD Home Depot Inc. | Reduce -98.2% | 0.00% | −0.06 |
| TECK Teck Resources Ltd.-CLS B | Sold out | 0.00% | −0.06 |
| GGAL Grupo Financiero Galicia-ADR | Reduce -34.5% | 0.75% | −0.06 |
| TTWO Take-Two Interactive Softwre | Reduce -96.5% | 0.00% | −0.06 |
| EVEX Eve Holding Inc. | Reduce -42.5% | 0.04% | −0.05 |
Portfolio Buys Q3 2025 → Q4 2025
| PBR Petroleo Brasileiro-Spon ADR | Add +146.6% | 5.74% | +2.28 |
| GLD SPDR Gold Shares | Add +549.9% | 2.75% | +2.24 |
| LTM Latam Airlines Group SA-ADR | New | 2.04% | +2.04 |
| NU Nu Holdings Ltd./Cayman Isl-A | Add +88.4% | 5.17% | +1.53 |
| MELI MercadoLibre Inc. | New | 1.42% | +1.42 |
| GOVT iShares US Treasury Bond ETF | Add +586.2% | 1.73% | +1.38 |
| VALE Vale SA-SP ADR | Add +69.6% | 3.25% | +1.05 |
| PAC Grupo Aeroportuario Pac-ADR | New | 1.05% | +1.05 |
| FMX Fomento Economico Mex-SP ADR | New | 1.02% | +1.02 |
| CX Cemex Sab-Spons ADR Part Cer | Add +53.1% | 3.07% | +0.91 |
| AAPL Apple Inc. | Add +204.1% | 1.54% | +0.88 |
| XLF SS Financial Select Sector | Add +616.5% | 0.94% | +0.76 |
| IVV iShares Core S&P 500 ETF | New | 0.75% | +0.75 |
| AERO Grupo Aeromexico Sab DE CV | New | 0.60% | +0.60 |
| CIB Grupo Cibest SA-ADR | Add +164.5% | 1.02% | +0.58 |
| PLTR Palantir Technologies Inc. Class A | Add +7899.1% | 0.54% | +0.53 |
| EEM iShares MSCI Emerging Market | Add +158.1% | 1.03% | +0.49 |
| IWM iShares Russell 2000 ETF | Add +141.8% | 1.13% | +0.49 |
| ETN Eaton Corp. PLC | Add +1523.0% | 0.54% | +0.49 |
| PDD PDD Holdings Inc. | New | 0.38% | +0.38 |
| GOOGL Alphabet Inc. Class A | Add +46.0% | 1.31% | +0.37 |
| V Visa Inc. Class A | Add +2880.1% | 0.34% | +0.33 |
| IBM Intl Business Machines Corp. | New | 0.32% | +0.32 |
| SHV iShares 0-1 Year Treasury Bo | New | 0.29% | +0.29 |
| CPA Copa Holdings SA Class A | Add +505.1% | 0.38% | +0.29 |
| NLR Vaneck Urani & Nuclr ETF-Usd | New | 0.26% | +0.26 |
| UTES Virtus Reaves Utilities ETF | New | 0.24% | +0.24 |
| PSR Invesco Active US Real Estat | Add +85.5% | 0.70% | +0.19 |
| PAM Pampa Energia SA-Spon ADR | Add +160.2% | 0.26% | +0.16 |
| IVW iShares S&P 500 Growth ETF | New | 0.16% | +0.16 |
| TSM Taiwan Semiconductor-SP ADR | Add +100.2% | 0.62% | +0.15 |
| RKLB Rocket Lab Corp. | New | 0.15% | +0.15 |
| MRK Merck & Co. Inc. | Add +13645.7% | 0.15% | +0.15 |
| JPM JPMorgan Chase & Co. | Add +1689.4% | 0.16% | +0.15 |
| NRG NRG Energy Inc. | Add +1856.8% | 0.16% | +0.14 |
| EWJ iShares MSCI Japan ETF | Add +52.2% | 1.51% | +0.14 |
| VTMX Corp. Inmobiliaria Vesta-ADR | New | 0.14% | +0.14 |
| WMB Williams Cos Inc. | Add +11636.0% | 0.13% | +0.12 |
| BCH Banco DE Chile-ADR | Add +29.5% | 0.78% | +0.11 |
| ISRG Intuitive Surgical Inc. | Add +10293.6% | 0.11% | +0.11 |
| XOP SS SPDR S&P Og Exp & Prod | New | 0.11% | +0.11 |
| PATH Uipath Inc. Class A | New | 0.11% | +0.11 |
| TLN Talen Energy Corp. | Add +21551.0% | 0.10% | +0.10 |
| TSEM Tower Semiconductor Ltd. | New | 0.10% | +0.10 |
| BOTZ Global X Robotics & Artifici | New | 0.10% | +0.10 |
| ARM Arm Holdings PLC-ADR | Add +45492.1% | 0.09% | +0.09 |
| XLC SS Comm Select Sector SPDR | Add +229.9% | 0.16% | +0.09 |
| AES AES Corp. | New | 0.09% | +0.09 |
| URI United Rentals Inc. | New | 0.09% | +0.09 |
| JBS JBS NV-A | New | 0.08% | +0.08 |
Options Activity Q3 2025 → Q4 2025
| INTEL CORP | call | Reduce -25.9% | 2,000 | $1.2M |
| KRANESHARES TRUST | call | Sold out | 663 | $871Kbefore exit |
| STATE STR SPDR S&P 500 ETF T | put | Sold out | 650 | $141Kbefore exit |
| COSTAR GROUP INC | call | Sold out | 550 | $138Kbefore exit |
| BEST BUY INC | call | Add +147.4% | 2,350 | $78K |
| NEXTERA ENERGY INC | call | Reduce -50.0% | 200 | $32K |
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 |