Itau Unibanco Holding S.A.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Itau Unibanco Holding S.A. reported 351 stock positions worth $4.2 billion. Its top holding was Petroleo Brasileiro-Spon ADR (PBR) at 10.3% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 9.1%) and Vale SA-SP ADR (VALE, 6.8%). Compared with Q4 2025, it opened 116 new positions, sold out of 103, added to 95 and reduced 81. The biggest buy was Petroleo Brasileiro-Spon ADR (PBR, shares +5%) and the biggest sale Nu Holdings Ltd./Cayman Isl-A (NU, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- SAO PAULO, D5
- CIK
- 0001132597
- Portfolio Value
- $4.2B (Q1 2026)
- SEC Filing
- 0001292814-26-003067 ↗ filed May 15, 2026
Holdings Value
Holdings 351 stocks · $4.2B
| PBR Petroleo Brasileiro-Spon ADR | 10.31% | 20,775,870 | $431.1M | Add +4.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 9.12% | 586,330 | $381.3M | Add +22.8% |
| VALE Vale SA-SP ADR | 6.80% | 17,874,446 | $284.4M | Add +76.6% |
| VOO Vanguard S&P 500 ETF | 6.74% | 471,809 | $281.9M | Add +14.9% |
| BBD Banco Bradesco-ADR | 4.28% | 49,057,171 | $179.1M | Add +4.7% |
| ITUB Itau Unibanco H-Spon PRF ADR | 3.97% | 20,012,082 | $166.0M | Reduce -5.2% |
| FMX Fomento Economico Mex-SP ADR | 3.67% | 1,386,705 | $153.3M | Add +238.6% |
| CX Cemex Sab-Spons ADR Part Cer | 3.48% | 12,944,607 | $145.4M | Add +19.2% |
| VGK Vanguard Ftse Europe ETF | 3.01% | 1,524,542 | $125.7M | Add +58.3% |
| PBR.A Petroleo Brasil-SP Pref ADR | 2.75% | 6,135,296 | $115.0M | Reduce -33.5% |
| IGOV iShares International Treasu | 2.68% | 2,725,650 | $111.9M | New |
| GLD SPDR Gold Shares | 2.61% | 254,004 | $109.3M | Reduce -10.3% |
| EWJ iShares MSCI Japan ETF | 2.29% | 1,135,559 | $95.9M | Add +48.8% |
| AMX America Movil Sab DE CV | 2.02% | 3,336,036 | $84.6M | Add +36.2% |
| MELI MercadoLibre Inc. | 1.89% | 46,596 | $78.9M | Add +61.7% |
| NVDA Nvidia Corp. | 1.71% | 408,871 | $71.3M | Reduce -16.4% |
| EMBJ Embraer SA-Spon ADR | 1.61% | 1,132,213 | $67.2M | Add +6.4% |
| GOVT iShares US Treasury Bond ETF | 1.59% | 2,899,328 | $66.4M | Reduce -5.2% |
| AMZN Amazon.com Inc. | 1.41% | 283,357 | $59.0M | Reduce -22.9% |
| META Meta Platforms Inc. Class A | 1.26% | 91,712 | $52.5M | Add +62.8% |
| LTM Latam Airlines Group SA-ADR | 1.01% | 863,692 | $42.0M | Reduce -44.1% |
| EWZ iShares MSCI Brazil ETF | 0.96% | 1,042,309 | $40.0M | New |
| GOOGL Alphabet Inc. Class A | 0.94% | 136,325 | $39.2M | Reduce -20.2% |
| ACWX iShares MSCI Acwi Ex US ETF | 0.78% | 473,700 | $32.4M | Add +9.4% |
| RSP Invesco S&P 500 Equal Weight | 0.77% | 168,345 | $32.3M | Add +647380.8% |
| V Visa Inc. Class A | 0.74% | 102,780 | $31.1M | Add +157.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.73% | 52,645 | $30.4M | Add +1649.0% |
| MU Micron Technology Inc. | 0.69% | 85,267 | $28.8M | Add +211.1% |
| MSFT Microsoft Corp. | 0.66% | 74,617 | $27.6M | Reduce -36.7% |
| XLC SS Comm Select Sector SPDR | 0.64% | 241,857 | $26.8M | Add +341.8% |
| BVN Cia DE Minas Buenaventur-ADR filed as COMPANIA DE MINAS BUENAVENTU | 0.63% | 742,914 | $26.4M | New |
| GGAL Grupo Financiero Galicia-ADR | 0.62% | 550,441 | $25.7M | Reduce -2.5% |
| AVGO Broadcom Inc. | 0.61% | 82,547 | $25.5M | Add +23.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.57% | 70,258 | $23.7M | Reduce -15.4% |
| IWF iShares Russell 1000 Growth | 0.56% | 54,671 | $23.3M | Reduce -2.1% |
| EFG iShares MSCI Eafe Growth ETF | 0.56% | 209,224 | $23.3M | Reduce -7.3% |
| VTMX Corp. Inmobiliaria Vesta-ADR filed as VESTA REAL ESTATE CORP | 0.55% | 691,170 | $23.1M | Add +263.1% |
| PDD PDD Holdings Inc. | 0.54% | 219,427 | $22.4M | Add +60.9% |
| CIB Grupo Cibest SA-ADR | 0.53% | 310,619 | $22.2M | Reduce -52.3% |
| GGB Gerdau SA -Spon ADR | 0.53% | 6,208,632 | $22.2M | Reduce -29.0% |
| NFLX Netflix Inc. | 0.49% | 213,571 | $20.5M | Reduce -24.1% |
| AAPL Apple Inc. | 0.49% | 80,552 | $20.4M | Reduce -65.0% |
| BBAR Bbva Argentina SA-ADR filed as BANCO BBVA ARGENTINA S A | 0.47% | 1,233,262 | $19.8M | New |
| PLTR Palantir Technologies Inc. Class A | 0.46% | 131,712 | $19.3M | Add +7.3% |
| SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI | 0.46% | 633,193 | $19.2M | Add +80.1% |
| BMA Banco Macro SA-ADR | 0.41% | 219,597 | $17.0M | Add +3541.7% |
| SPGI S&P Global Inc. | 0.38% | 37,500 | $16.0M | Add +289.5% |
| PAM Pampa Energia SA-Spon ADR | 0.37% | 176,903 | $15.7M | Add +46.7% |
| NTES Netease Inc.-ADR | 0.37% | 138,361 | $15.5M | New |
| KOF Coca-Cola Femsa Sab-SP ADR | 0.35% | 148,913 | $14.5M | Reduce -77.9% |
| BCH Banco DE Chile-ADR | 0.33% | 376,061 | $13.9M | Reduce -55.0% |
| MA Mastercard Inc. Class A | 0.31% | 25,690 | $12.8M | Add +2448.6% |
| IVW iShares S&P 500 Growth ETF | 0.30% | 110,300 | $12.5M | Add +106.5% |
| XLF SS Financial Select Sector | 0.28% | 237,926 | $11.7M | Reduce -66.1% |
| XLY SS Consumer Disc Select Sect | 0.27% | 104,858 | $11.4M | Add +88.4% |
| XLK SS Technology Select Sector | 0.27% | 85,557 | $11.4M | Add +60.6% |
| NLR Vaneck Urani & Nuclr ETF-Usd | 0.27% | 84,964 | $11.3M | Add +0.3% |
| ELPC Cia Paranaense DE Ener-ADR filed as COMPANHIA PARANAENSE DE ENER | 0.26% | 1,837,936 | $10.9M | Add +344.2% |
| TLT iShares 20+ Year Treasury BD | 0.25% | 120,000 | $10.4M | Add +242.9% |
| UTES Virtus Reaves Utilities ETF | 0.24% | 125,947 | $10.1M | Add +2.1% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.22% | 85,581 | $9.3M | No change |
| SUZ Suzano SA - Spon ADR | 0.20% | 828,449 | $8.3M | No change |
| VRT Vertiv Holdings Co. Class A | 0.18% | 30,721 | $7.7M | Add +1234.5% |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.18% | 101,160 | $7.5M | Add +70.2% |
| ARM Arm Holdings PLC-ADR | 0.17% | 46,000 | $7.0M | Add +32.8% |
| SMH Vaneck Semiconductor ETF | 0.17% | 18,086 | $6.9M | New |
| TER Teradyne Inc. | 0.16% | 22,400 | $6.6M | New |
| DBX ETF TR | 0.16% | 201,900 | $6.6M | Add +877726.1% |
| BBY Best Buy Co. Inc. | 0.16% | 102,296 | $6.6M | Reduce -4.7% |
| WMB Williams Cos Inc. | 0.13% | 75,724 | $5.5M | Reduce -11.1% |
| ICE Intercontinental Exchange Inc. | 0.13% | 34,208 | $5.4M | New |
| XOP SS SPDR S&P Og Exp & Prod | 0.13% | 29,000 | $5.3M | Reduce -16.7% |
| DBA Invesco DB Agriculture Fund | 0.12% | 188,000 | $5.1M | Add +11.6% |
| AMD Advanced Micro Devices | 0.12% | 23,769 | $4.8M | Add +582.6% |
| TSLA Tesla Inc. | 0.11% | 12,704 | $4.7M | Reduce -87.5% |
| RKLB Rocket Lab Corp. | 0.11% | 70,100 | $4.5M | Reduce -20.3% |
| USMV iShares MSCI USA Min Vol Fac | 0.11% | 47,930 | $4.4M | New |
| BLK BlackRock Inc. | 0.10% | 4,533 | $4.4M | New |
| LLY Eli Lilly & Co. | 0.10% | 4,663 | $4.3M | Add +57.5% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.10% | 3,182 | $4.2M | Add +135.7% |
| ETN Eaton Corp. PLC | 0.10% | 11,442 | $4.1M | Reduce -83.5% |
| SGML Sigma Lithium Corp. | 0.09% | 306,267 | $3.8M | New |
| ECH iShares MSCI Chile ETF | 0.09% | 93,659 | $3.7M | New |
| CAT Caterpillar Inc. | 0.09% | 5,062 | $3.6M | New |
| KVUE Kenvue Inc. | 0.08% | 204,600 | $3.5M | Add +13.9% |
| TTWO Take-Two Interactive Softwre | 0.08% | 17,231 | $3.4M | Add +7359.3% |
| NEE Nextera Energy Inc. | 0.08% | 35,922 | $3.3M | Reduce -47.3% |
| VST Vistra Corp. | 0.08% | 22,036 | $3.3M | Add +2577.5% |
| TGS Transportador Gas-ADR SP B | 0.08% | 95,234 | $3.3M | Add +94.2% |
| IVV iShares Core S&P 500 ETF | 0.08% | 5,039 | $3.3M | Reduce -88.7% |
| NEM Newmont Corp. | 0.08% | 29,458 | $3.2M | Add +8.2% |
| GEV GE Vernova Inc. | 0.07% | 3,531 | $3.1M | Reduce -21.8% |
| ABBV Abbvie Inc. | 0.07% | 13,648 | $3.0M | Add +5.5% |
| MSGS Madison Square Garden Sports | 0.07% | 9,000 | $2.9M | New |
| TKO Tko Group Holdings Inc. | 0.07% | 14,000 | $2.8M | New |
| LOMA Loma Negra Cia Ind-Spon ADR | 0.06% | 232,825 | $2.6M | Add +21.9% |
| PEG Public Service Enterprise GP | 0.06% | 30,395 | $2.5M | Add +3.2% |
| KO The Coca-Cola Co. | 0.06% | 32,320 | $2.5M | Add +4.5% |
| EEM iShares MSCI Emerging Market | 0.06% | 42,017 | $2.4M | Reduce -94.5% |
| HCA HCA Healthcare Inc. | 0.05% | 4,849 | $2.3M | New |
Options reported separately and not counted above: SPDR GOLD TR calls ($116.9M), PETROLEO BRASILEIRO S A calls ($6.5M), ISHARES INC calls ($4.0M), SELECT SECTOR SPDR TR calls ($636K), BEST BUY INC calls ($602K), INTEL CORP calls ($311K), COSTAR GROUP INC calls ($49K), NEXTERA ENERGY INC calls ($43K).
Portfolio Sells Q4 2025 → Q1 2026
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -99.4% | 0.03% | −5.14 |
| PXH Inves Rafi Emer MRKT-Usd Inc. | Sold out | 0.00% | −1.93 |
| BAP Credicorp Ltd. | Sold out | 0.00% | −1.90 |
| KOF Coca-Cola Femsa Sab-SP ADR | Reduce -77.9% | 0.35% | −1.22 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −1.13 |
| AAPL Apple Inc. | Reduce -65.0% | 0.49% | −1.05 |
| LTM Latam Airlines Group SA-ADR | Reduce -44.1% | 1.01% | −1.04 |
| PAC Grupo Aeroportuario Pac-ADR | Reduce -98.8% | 0.01% | −1.03 |
| TSLA Tesla Inc. | Reduce -87.5% | 0.11% | −1.01 |
| EEM iShares MSCI Emerging Market | Reduce -94.5% | 0.06% | −0.98 |
| TBBB BBB Foods Inc. Class A | Sold out | 0.00% | −0.87 |
| MSFT Microsoft Corp. | Reduce -36.7% | 0.66% | −0.74 |
| PSR Invesco Active US Real Estat | Sold out | 0.00% | −0.70 |
| SCCO Southern Copper Corp. | Sold out | 0.00% | −0.67 |
| AMZN Amazon.com Inc. | Reduce -22.9% | 1.41% | −0.67 |
| IVV iShares Core S&P 500 ETF | Reduce -88.7% | 0.08% | −0.67 |
| XLF SS Financial Select Sector | Reduce -66.1% | 0.28% | −0.66 |
| AERO Grupo Aeromexico Sab DE CV | Sold out | 0.00% | −0.60 |
| CRWD CrowdStrike Holdings Inc. Class A | Sold out | 0.00% | −0.53 |
| NVDA Nvidia Corp. | Reduce -16.4% | 1.71% | −0.53 |
| CIB Grupo Cibest SA-ADR | Reduce -52.3% | 0.53% | −0.49 |
| BCH Banco DE Chile-ADR | Reduce -55.0% | 0.33% | −0.45 |
| ETN Eaton Corp. PLC | Reduce -83.5% | 0.10% | −0.44 |
| CPA Copa Holdings SA Class A | Sold out | 0.00% | −0.38 |
| GOOGL Alphabet Inc. Class A | Reduce -20.2% | 0.94% | −0.37 |
| IBM Intl Business Machines Corp. | Reduce -98.8% | 0.00% | −0.32 |
| SHV iShares 0-1 Year Treasury Bo | Sold out | 0.00% | −0.29 |
| GGB Gerdau SA -Spon ADR | Reduce -29.0% | 0.53% | −0.26 |
| HOOD Robinhood Markets Inc. Class A | Reduce -99.4% | 0.00% | −0.23 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −0.20 |
| JPM JPMorgan Chase & Co. | Reduce -97.7% | 0.00% | −0.16 |
| NFLX Netflix Inc. | Reduce -24.1% | 0.49% | −0.16 |
| NRG NRG Energy Inc. | Sold out | 0.00% | −0.16 |
| MRK Merck & Co. Inc. | Reduce -98.9% | 0.00% | −0.15 |
| XLB SS Materials Select Sector | Reduce -89.1% | 0.02% | −0.15 |
| GOVT iShares US Treasury Bond ETF | Reduce -5.2% | 1.59% | −0.14 |
| GLD SPDR Gold Shares | Reduce -10.3% | 2.61% | −0.14 |
| STNE Stoneco Ltd. Class A | Reduce -70.9% | 0.05% | −0.14 |
| GGAL Grupo Financiero Galicia-ADR | Reduce -2.5% | 0.62% | −0.13 |
| ISRG Intuitive Surgical Inc. | Reduce -98.6% | 0.00% | −0.11 |
| PATH Uipath Inc. Class A | Sold out | 0.00% | −0.11 |
| TLN Talen Energy Corp. | Reduce -99.6% | 0.00% | −0.10 |
| TSEM Tower Semiconductor Ltd. | Sold out | 0.00% | −0.10 |
| HRL Hormel Foods Corp. | Sold out | 0.00% | −0.10 |
| BOTZ Global X Robotics & Artifici | Sold out | 0.00% | −0.10 |
| CSGP Costar Group Inc. | Reduce -40.1% | 0.05% | −0.09 |
| URI United Rentals Inc. | Sold out | 0.00% | −0.09 |
| AES AES Corp. | Reduce -99.7% | 0.00% | −0.09 |
| IWF iShares Russell 1000 Growth | Reduce -2.1% | 0.56% | −0.09 |
| JBS JBS NV-A | Sold out | 0.00% | −0.08 |
Portfolio Buys Q4 2025 → Q1 2026
| PBR Petroleo Brasileiro-Spon ADR | Add +4.8% | 10.31% | +4.57 |
| VALE Vale SA-SP ADR | Add +76.6% | 6.80% | +3.55 |
| IGOV iShares International Treasu | New | 2.68% | +2.68 |
| FMX Fomento Economico Mex-SP ADR | Add +238.6% | 3.67% | +2.65 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +22.8% | 9.12% | +1.14 |
| VGK Vanguard Ftse Europe ETF | Add +58.3% | 3.01% | +1.03 |
| EWZ iShares MSCI Brazil ETF | New | 0.96% | +0.96 |
| EWJ iShares MSCI Japan ETF | Add +48.8% | 2.29% | +0.78 |
| AMX America Movil Sab DE CV | Add +36.2% | 2.02% | +0.78 |
| RSP Invesco S&P 500 Equal Weight | Add +647380.8% | 0.77% | +0.77 |
| QQQ Invesco QQQ Trust Series 1 | Add +1649.0% | 0.73% | +0.68 |
| BVN Cia DE Minas Buenaventur-ADR | New | 0.63% | +0.63 |
| MU Micron Technology Inc. | Add +211.1% | 0.69% | +0.50 |
| XLC SS Comm Select Sector SPDR | Add +341.8% | 0.64% | +0.48 |
| BBD Banco Bradesco-ADR | Add +4.7% | 4.28% | +0.48 |
| BBAR Bbva Argentina SA-ADR | New | 0.47% | +0.47 |
| MELI MercadoLibre Inc. | Add +61.7% | 1.89% | +0.46 |
| VOO Vanguard S&P 500 ETF | Add +14.9% | 6.74% | +0.43 |
| VTMX Corp. Inmobiliaria Vesta-ADR | Add +263.1% | 0.55% | +0.41 |
| CX Cemex Sab-Spons ADR Part Cer | Add +19.2% | 3.48% | +0.40 |
| V Visa Inc. Class A | Add +157.0% | 0.74% | +0.40 |
| BMA Banco Macro SA-ADR | Add +3541.7% | 0.41% | +0.39 |
| NTES Netease Inc.-ADR | New | 0.37% | +0.37 |
| META Meta Platforms Inc. Class A | Add +62.8% | 1.26% | +0.34 |
| MA Mastercard Inc. Class A | Add +2448.6% | 0.31% | +0.29 |
| SPGI S&P Global Inc. | Add +289.5% | 0.38% | +0.26 |
| SBS Cia Saneamento Basico DE-ADR | Add +80.1% | 0.46% | +0.25 |
| ELPC Cia Paranaense DE Ener-ADR | Add +344.2% | 0.26% | +0.22 |
| VRT Vertiv Holdings Co. Class A | Add +1234.5% | 0.18% | +0.17 |
| TLT iShares 20+ Year Treasury BD | Add +242.9% | 0.25% | +0.17 |
| SMH Vaneck Semiconductor ETF | New | 0.17% | +0.17 |
| TER Teradyne Inc. | New | 0.16% | +0.16 |
| DBX ETF TR | Add +877726.1% | 0.16% | +0.16 |
| PDD PDD Holdings Inc. | Add +60.9% | 0.54% | +0.16 |
| IVW iShares S&P 500 Growth ETF | Add +106.5% | 0.30% | +0.14 |
| ICE Intercontinental Exchange Inc. | New | 0.13% | +0.13 |
| PAM Pampa Energia SA-Spon ADR | Add +46.7% | 0.37% | +0.12 |
| XLY SS Consumer Disc Select Sect | Add +88.4% | 0.27% | +0.11 |
| USMV iShares MSCI USA Min Vol Fac | New | 0.11% | +0.11 |
| BLK BlackRock Inc. | New | 0.10% | +0.10 |
| AMD Advanced Micro Devices | Add +582.6% | 0.12% | +0.10 |
| SGML Sigma Lithium Corp. | New | 0.09% | +0.09 |
| ECH iShares MSCI Chile ETF | New | 0.09% | +0.09 |
| CAT Caterpillar Inc. | New | 0.09% | +0.09 |
| XLK SS Technology Select Sector | Add +60.6% | 0.27% | +0.08 |
| TTWO Take-Two Interactive Softwre | Add +7359.3% | 0.08% | +0.08 |
| VST Vistra Corp. | Add +2577.5% | 0.08% | +0.08 |
| ARM Arm Holdings PLC-ADR | Add +32.8% | 0.17% | +0.07 |
| MSGS Madison Square Garden Sports | New | 0.07% | +0.07 |
| TKO Tko Group Holdings Inc. | New | 0.07% | +0.07 |
Options Activity Q4 2025 → Q1 2026
| SPDR GOLD TR | call | Add +18.7% | 4,450 | $116.9M |
| PETROLEO BRASILEIRO S A | call | New | 8,000 | $6.5M |
| ISHARES INC | call | New | 1,500 | $4.0M |
| SELECT SECTOR SPDR TR | call | New | 500 | $636K |
| BEST BUY INC | call | Add +20.0% | 2,820 | $602K |
| INTEL CORP | call | Reduce -75.0% | 500 | $311K |
| COSTAR GROUP INC | call | New | 364 | $49K |
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 |