Vale SA-SP ADRVALE
13F holders, Q2 2025 (June 30)At the end of Q2 2025, 474 institutions reported holding Vale SA-SP ADR (VALE) in their 13F filings, down 17 from Q1 2025. 57 opened new positions and 77 sold out. The largest holders were FMR LLC ($839.9M), BlackRock, Inc. ($527.4M) and Capital World Investors ($483.7M). 7 famous investors held it, including Howard Marks (0.5% of Oaktree Capital Management's portfolio), Ray Dalio (0.1% of Bridgewater Associates's portfolio) and Jim Simons / Peter Brown (0.1% of Renaissance Technologies's portfolio).
- Company
- Vale SA-SP ADR
- CUSIP
- 91912E105
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q1 2025 → Q2 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 57 | $35.2M |
| Exits | 77 | $185.6M |
All 13F filers, Q1 2025 → Q2 2025: 113,520,278 shares bought and 108,498,684 shares sold, net +5,021,594 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 474 holders
| FMR LLC | 0.05% | Reduce -20.6% | 86,495,356 | $839.9M |
| BlackRock, Inc. | 0.01% | Reduce -0.3% | 54,320,121 | $527.4M |
| Capital World Investors | 0.07% | Add +62.4% | 49,814,207 | $483.7M |
| GQG Partners LLC | 0.64% | Add +24.0% | 46,206,510 | $448.7M |
| Capital International Investors | 0.07% | Add +49.0% | 44,305,121 | $430.3M |
| Invesco Ltd. | 0.04% | Add +1534.8% | 24,810,285 | $240.9M |
| Fisher Asset Management | 0.08% | Add +31.8% | 21,705,260 | $210.8M |
| Lazard Asset Management LLC | 0.30% | Add +5.3% | 20,080,222 | $195.0M |
| Morgan Stanley | 0.01% | Add +0.9% | 19,746,203 | $191.7M |
| Orbis Allan Gray Ltd | 0.93% | Reduce -37.1% | 19,665,389 | $191.0M |
| Massachusetts Financial Services Co. | 0.05% | Add +2.3% | 16,296,306 | $158.2M |
| Goldman Sachs Group Inc. | 0.02% | Add +23.2% | 14,959,204 | $145.3M |
| Robeco Institutional Asset Management B.V. | 0.19% | Add +24.8% | 12,050,646 | $117.0M |
| State Street Corp. | 0.00% | Reduce -0.2% | 10,691,075 | $103.8M |
| Renaissance Technologies | 0.14% | Add +48.2% | 10,643,959 | $103.4M |
| Bank of America Corp. | 0.01% | Reduce -28.9% | 10,628,291 | $103.2M |
| Connor, Clark & Lunn Investment Management Ltd. | 0.35% | Reduce -11.8% | 10,163,946 | $98.7M |
| UBS Group AG | 0.02% | Add +63.3% | 9,982,354 | $96.9M |
| Susquehanna International Group, LLP | 0.13% | Reduce -7.2% | 8,547,551 | $83.0M |
| Dimensional Fund Advisors LP | 0.02% | Add +3.6% | 8,482,735 | $82.4M |
| Capital Research Global Investors | 0.02% | Add +0.2% | 8,099,417 | $78.6M |
| Itau Unibanco Holding S.A. | 2.61% | Add +121.8% | 7,069,889 | $68.6M |
| Millennium Management | 0.06% | Add +2164.0% | 6,208,864 | $60.3M |
| Ninety One UK Ltd | 0.13% | Reduce -6.7% | 5,885,464 | $57.1M |
| Macquarie Group Ltd. | 0.05% | Add +104.3% | 4,511,974 | $43.8M |
| American Century Companies Inc. | 0.02% | Add +17.6% | 4,413,979 | $42.9M |
| Northern Trust Corp. | 0.01% | Reduce -6.1% | 4,347,840 | $42.2M |
| Deutsche Bank AG | 0.02% | Reduce -2.1% | 4,213,025 | $40.9M |
| Driehaus Capital Management LLC | 0.32% | Add +14.5% | 4,144,739 | $40.2M |
| Bridgewater Associates | 0.15% | Add +309.1% | 3,781,404 | $36.7M |
| Aberdeen Group plc | 0.06% | Reduce -2.3% | 3,674,261 | $35.7M |
| Contrarian Capital Management, L.L.C. | 9.87% | Reduce -3.7% | 3,551,171 | $34.5M |
| Nuveen, LLC | 0.01% | Add +1.1% | 3,520,062 | $34.2M |
| JPMorgan Chase & Co. | 0.00% | Reduce -63.5% | 3,310,009 | $32.1M |
| Allspring Global Investments Holdings, LLC | 0.05% | Reduce -3.3% | 3,121,412 | $30.7M |
| Turim 21 Investimentos Ltda. | 5.96% | Add +0.2% | 3,136,971 | $30.5M |
| Marshall Wace, LLP | 0.04% | Add +23288.2% | 3,096,602 | $30.1M |
| Van Eck Associates Corp. | 0.03% | Reduce -3.9% | 2,982,925 | $29.0M |
| Davis Selected Advisers | 0.15% | Add +7.9% | 2,948,514 | $28.6M |
| SPX Gestao de Recursos Ltda | 2.49% | Reduce -49.1% | 2,741,291 | $26.6M |
| Todd Asset Management LLC | 0.57% | Reduce -2.0% | 2,734,510 | $26.6M |
| Ninety One North America, Inc. | 1.19% | Reduce -7.3% | 2,491,368 | $24.2M |
| BNP Paribas Financial Markets | 0.02% | Reduce -60.0% | 2,206,113 | $21.4M |
| Citigroup Inc. | 0.01% | Add +15.6% | 2,092,759 | $20.3M |
| Oaktree Capital Management | 0.50% | Reduce -66.2% | 2,033,706 | $19.7M |
| AQR Capital Management | 0.02% | Reduce -53.6% | 2,005,864 | $19.5M |
| O'shaughnessy Asset Management, LLC | 0.12% | Add +7.0% | 1,847,503 | $17.9M |
| HSBC Holdings PLC | 0.01% | Add +15.0% | 1,836,221 | $17.8M |
| Barclays PLC | 0.01% | Reduce -14.6% | 1,832,356 | $17.8M |
| Teachers Retirement System of the State of Kentucky | 0.14% | No change | 1,760,200 | $17.1M |
| Raymond James Financial Inc. | 0.01% | Reduce -0.2% | 1,612,635 | $15.7M |
| T. Rowe Price Associates Inc. | 0.00% | Reduce -79.9% | 1,609,337 | $15.6M |
| Kiltearn Partners LLP | 2.94% | Reduce -7.9% | 1,503,436 | $14.6M |
| Amundi | 0.01% | Reduce -0.3% | 1,392,217 | $14.3M |
| Manufacturers Life Insurance Company, The | 0.01% | Reduce -16.3% | 1,458,013 | $14.2M |
| Royal Bank of Canada | 0.00% | Reduce -1.5% | 1,441,276 | $14.0M |
| Jump Financial, LLC | 0.15% | Reduce -1.4% | 1,229,388 | $11.9M |
| Ameriprise Financial Inc. | 0.00% | Reduce -12.2% | 1,199,796 | $11.7M |
| Citadel Advisors | 0.01% | Reduce -59.5% | 1,123,023 | $10.9M |
| Compass Rose Asset Management, LP | 9.95% | Reduce -73.0% | 1,105,000 | $10.7M |
| Wells Fargo & Company | 0.00% | Reduce -15.6% | 1,068,247 | $10.4M |
| Jane Street Group, LLC | 0.02% | Add +3076.8% | 1,055,409 | $10.2M |
| Dynamo Internacional Gestao DE Recursos Ltda. | 3.84% | Reduce -59.0% | 1,043,708 | $10.1M |
| Schonfeld Strategic Advisors LLC | 0.08% | Add +21.6% | 1,032,180 | $10.0M |
| Janus Henderson Group PLC | 0.00% | Reduce -51.3% | 1,032,071 | $10.0M |
| Murchinson Ltd. | 5.51% | No change | 1,000,000 | $9.7M |
| Boothbay Fund Management, LLC | 0.31% | No change | 1,000,000 | $9.7M |
| Contrarius Group Holdings Ltd | 0.49% | New | 888,445 | $8.6M |
| Envestnet Asset Management Inc. | 0.00% | Reduce -2.6% | 879,081 | $8.5M |
| Franklin Resources Inc. | 0.00% | Add +13.3% | 865,321 | $8.4M |
| LPL Financial LLC | 0.00% | Add +0.4% | 855,126 | $8.3M |
| Banco Santander, S.A. | 0.08% | Add +38.6% | 849,534 | $8.2M |
| Mackenzie Financial Corp. | 0.01% | Add +6.4% | 793,055 | $7.7M |
| Barings LLC | 0.18% | Reduce -6.3% | 792,650 | $7.7M |
| Jennison Associates LLC | 0.00% | Add +8.1% | 763,691 | $7.4M |
| Public Employees Retirement System of Ohio | 0.02% | Add +8.8% | 731,609 | $7.1M |
| Kawa Capital Management, Inc | 12.03% | Add +13.3% | 680,000 | $6.6M |
| DekaBank Deutsche Girozentrale | 0.01% | Add +0.8% | 631,753 | $6.2M |
| Sei Investments Co. | 0.01% | Reduce -34.2% | 613,052 | $6.0M |
| Verition Fund Management LLC | 0.04% | Reduce -2.4% | 599,666 | $5.8M |
| Capital International, Inc. | 0.05% | Add +60.9% | 565,828 | $5.5M |
| Journey Advisory Group, LLC | 0.42% | Reduce -12.2% | 558,285 | $5.4M |
| Capital International Sarl | 0.10% | Add +15.1% | 532,648 | $5.2M |
| SummitTX Capital, L.P. | 0.22% | Reduce -44.8% | 518,084 | $5.0M |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.01% | Add +11.7% | 529,967 | $5.0M |
| Pacific Heights Asset Management LLC | 0.26% | No change | 500,000 | $4.9M |
| Quantbot Technologies LP | 0.12% | New | 498,392 | $4.8M |
| Oxbow Advisors, LLC | 0.54% | Add +1.8% | 498,365 | $4.8M |
| Moneda S.A. Administradora General de Fondos | 5.10% | Reduce -23.5% | 484,435 | $4.7M |
| State of New Jersey Common Pension Fund D | 0.02% | Reduce -42.2% | 478,398 | $4.6M |
| Cambridge Investment Research Advisors, Inc. | 0.01% | Reduce -5.3% | 472,767 | $4.6M |
| Banco Bilbao Vizcaya Argentaria, S.A. | 0.04% | Add +46.8% | 471,836 | $4.6M |
| Cohen & Steers, Inc. | 0.01% | Reduce -2.9% | 468,941 | $4.6M |
| Trexquant Investment LP | 0.05% | Reduce -42.8% | 466,078 | $4.5M |
| Natixis Advisors, LLC | 0.01% | Reduce -25.9% | 408,587 | $4.0M |
| Bank of Nova Scotia | 0.01% | Add +2.4% | 396,515 | $3.9M |
| Northwest Bancshares, Inc. | 0.67% | Add +1.7% | 396,266 | $3.8M |
| Capital Fund Management S.A. | 0.04% | Add +45.7% | 395,685 | $3.8M |
| Russell Investments Group, Ltd. | 0.00% | Reduce -87.4% | 391,951 | $3.8M |
| Regal Partners Ltd | 0.32% | New | 391,852 | $3.8M |
| MML Investors Services, LLC | 0.01% | Reduce -8.9% | 363,183 | $3.5M |
| Manning & Napier Advisors LLC | 0.04% | Add +12.2% | 356,232 | $3.5M |
| Quadrature Capital Ltd | 0.06% | New | 341,354 | $3.3M |
| Osaic Holdings, Inc. | 0.01% | Reduce -8.8% | 339,845 | $3.3M |
| Commonwealth Equity Services, LLC | 0.00% | Reduce -11.0% | 335,061 | $3.3M |
| CMT Capital Markets Trading GmbH | 1.54% | New | 329,753 | $3.2M |
| XTX Topco Ltd | 0.13% | New | 327,534 | $3.2M |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) | 0.09% | No change | 327,259 | $3.2M |
| HighTower Advisors, LLC | 0.00% | Add +2.2% | 326,116 | $3.2M |
| Ritholtz Wealth Management | 0.07% | Add +4.7% | 314,721 | $3.1M |
| Squarepoint Ops LLC | 0.01% | Reduce -22.8% | 311,155 | $3.0M |
| Cloverfields Capital Group, LP | 0.85% | Add +11.4% | 294,304 | $2.9M |
| Capital International Ltd. | 0.11% | No change | 294,240 | $2.9M |
| Pzena Investment Management LLC | 0.01% | No change | 285,881 | $2.8M |
| Metis Global Partners, LLC | 0.07% | Add +23.9% | 281,144 | $2.7M |
| Cantor Fitzgerald, L. P. | 0.07% | Reduce -18.8% | 277,666 | $2.7M |
| Longfellow Investment Management Co. LLC | 0.66% | No change | 276,085 | $2.7M |
| Advisors Asset Management, Inc. | 0.05% | Reduce -2.7% | 263,857 | $2.6M |
| Y-Intercept (Hong Kong) Ltd | 0.06% | Reduce -21.8% | 260,022 | $2.5M |
| Pinebridge Investments, L.P. | 0.02% | Reduce -7.5% | 259,295 | $2.5M |
| SG Americas Securities, LLC | 0.01% | Add +0.1% | 255,854 | $2.5M |
| Verde Servicos Internacionais S.A. | 1.06% | Add +389.4% | 249,600 | $2.4M |
| Greenline Partners, LLC | 0.32% | Reduce -59.4% | 243,428 | $2.4M |
| Jain Global LLC | 0.04% | Add +2157.8% | 240,450 | $2.3M |
| Assetmark, Inc. | 0.01% | Add +7.7% | 237,483 | $2.3M |
| Tidal Investments LLC | 0.01% | Reduce -18.7% | 228,329 | $2.2M |
| FIL Ltd | 0.00% | No change | 228,017 | $2.2M |
| Insigneo Advisory Services, LLC | 0.18% | Add +11.6% | 219,962 | $2.1M |
| Capital Group Private Client Services, Inc. | 0.02% | Reduce -0.5% | 215,124 | $2.1M |
| Sumitomo Mitsui Trust Group, Inc. | 0.00% | Reduce -1.5% | 208,435 | $2.0M |
| Graham Capital Management, L.P. | 0.06% | Reduce -17.8% | 208,292 | $2.0M |
| Balyasny Asset Management L.P. | 0.00% | Add +62.3% | 207,592 | $2.0M |
| Cetera Investment Advisers | 0.00% | Reduce -12.6% | 196,435 | $1.9M |
| MIdWestOne Financial Group, Inc. | 0.24% | Add +0.2% | 193,907 | $1.9M |
| Amova Asset Management Americas, Inc. | 0.02% | Reduce -1.7% | 192,835 | $1.9M |
| Mirae Asset Global Investments Co., Ltd. | 0.01% | Add +3.8% | 188,607 | $1.8M |
| Lighthouse Investment Partners, LLC | 0.08% | Reduce -15.0% | 184,273 | $1.8M |
| Rhumbline Advisers | 0.00% | Add +10.2% | 183,012 | $1.8M |
| X-Square Capital, LLC | 0.57% | Add +1.7% | 164,085 | $1.6M |
| Stifel Financial Corp. | 0.00% | Add +11.3% | 161,068 | $1.6M |
| Boston Partners | 0.00% | Add +1.0% | 159,991 | $1.6M |
| Leonteq Securities AG | 0.09% | Reduce -20.5% | 158,130 | $1.5M |
| Scotia Capital Inc. | 0.01% | Reduce -17.8% | 156,621 | $1.5M |
| Bank of Montreal | 0.00% | Add +877.8% | 152,139 | $1.5M |
| Profund Advisors LLC | 0.05% | Reduce -5.7% | 150,956 | $1.5M |
| Level Four Advisory Services, LLC | 0.05% | Add +8.2% | 149,935 | $1.5M |
| Northwestern Mutual Wealth Management Co. | 0.00% | Reduce -19.2% | 148,782 | $1.4M |
| Perpetual Ltd | 0.02% | No change | 144,960 | $1.4M |
| Daiwa Securities Group Inc. | 0.01% | Add +5.9% | 143,194 | $1.4M |
| US Bancorp \de | 0.00% | Reduce -31.0% | 140,578 | $1.4M |
| National Bank of Canada | 0.00% | Add +9.4% | 140,159 | $1.4M |
| Syntax Research, Inc. | 0.97% | Reduce -39.1% | 140,000 | $1.4M |
| Creative Planning | 0.00% | Reduce -21.3% | 137,513 | $1.3M |
| Mariner, LLC | 0.00% | Add +11.9% | 137,169 | $1.3M |
| Cibc World Market Inc. | 0.00% | Add +12.4% | 133,985 | $1.3M |
| Crossmark Global Holdings, Inc. | 0.02% | Reduce -0.1% | 127,292 | $1.2M |
| Capital Markets Trading UK LLP | 1.40% | Reduce -57.5% | 127,005 | $1.2M |
| VPR Management LLC | 0.56% | Reduce -54.3% | 122,010 | $1.2M |
| Ping Capital Management, Inc. | 0.66% | Add +76.2% | 119,800 | $1.2M |
| J. Safra Sarasin Holding AG | 0.02% | No change | 115,200 | $1.1M |
| Neuberger Berman Group LLC | 0.00% | Reduce -3.8% | 114,329 | $1.1M |
| Prime Capital Investment Advisors, LLC | 0.01% | Add +4.5% | 110,861 | $1.1M |
| Principal Financial Group Inc. | 0.00% | Reduce -45.3% | 109,175 | $1.1M |
| Centiva Capital, LP | 0.07% | Add +111.1% | 105,495 | $1.0M |
| NS Partners Ltd | 0.04% | No change | 104,700 | $1.0M |
| Nomura Holdings Inc. | 0.01% | Reduce -39.9% | 104,332 | $1.0M |
| Recurrent Investment Advisors LLC | 0.08% | Add +154.9% | 100,377 | $975K |
| Mercer Global Advisors Inc. | 0.00% | Add +33.3% | 98,520 | $957K |
| Vontobel Holding Ltd. | 0.00% | Add +59.5% | 97,506 | $947K |
| Nomura Asset Management Co. Ltd. | 0.00% | Reduce -14.4% | 97,423 | $946K |
| TLS Advisors LLC | 2.92% | Reduce -83.8% | 96,323 | $935K |
| Sprott Inc. | 0.04% | Reduce -9.6% | 90,389 | $878K |
| Quantinno Capital Management LP | 0.00% | Add +52.4% | 89,257 | $867K |
| Summit Financial, LLC | 0.02% | Add +239.3% | 88,331 | $858K |
| NewEdge Advisors, LLC | 0.00% | Add +9.9% | 87,292 | $848K |
| Arkadios Wealth Advisors | 0.02% | Reduce -22.2% | 85,236 | $828K |
| Pekin Hardy Strauss, Inc. | 0.09% | Reduce -3.2% | 84,880 | $824K |
| Engineers Gate Manager LP | 0.01% | Add +56.0% | 84,134 | $817K |
| Johnson Investment Counsel Inc. | 0.01% | Reduce -0.2% | 79,558 | $773K |
| Guggenheim Capital LLC | 0.01% | Add +34.0% | 79,461 | $772K |
| Gsa Capital Partners LLP | 0.05% | New | 79,343 | $770K |
| Kathmere Capital Management, LLC | 0.06% | Reduce -4.5% | 79,105 | $768K |
| Alliancebernstein L.P. | 0.00% | New | 79,060 | $768K |
| Natixis | 0.00% | Add +5.1% | 78,432 | $762K |
| 180 Wealth Advisors, LLC | 0.11% | Add +5.4% | 78,285 | $760K |
| Marex Group Ltd | 0.01% | Add +57.7% | 78,266 | $760K |
| QRG Capital Management, Inc. | 0.01% | Add +3.6% | 77,100 | $749K |
| Qtron Investments LLC | 0.09% | Add +13.6% | 75,690 | $735K |
| Stratos Wealth Advisors, LLC | 0.04% | New | 74,953 | $728K |
| Capital Group Investment Management Pte. LTD. | 0.12% | No change | 70,736 | $687K |
| Equitable Holdings, Inc. | 0.01% | Add +41.8% | 67,068 | $651K |
| Wellington Management Group LLP | 0.00% | Reduce -95.6% | 67,065 | $651K |
| Perigon Wealth Management, LLC | 0.02% | Add +8.9% | 66,555 | $646K |
| Euro Pacific Asset Management, LLC | 0.10% | Add +0.1% | 65,185 | $636K |
| Bank of New York Mellon Corp | 0.00% | Reduce -14.7% | 64,165 | $623K |
| HUB Investment Partners, LLC | 0.02% | Reduce -3.9% | 64,009 | $622K |
| Simplex Trading, LLC | 0.02% | Reduce -67.6% | 63,838 | $619K |
| Ascent Group, LLC | 0.02% | Add +2.3% | 61,364 | $596K |
| Windmill Hill Asset Management Ltd | 0.16% | No change | 61,344 | $596K |
| Ridgewood Investments LLC | 0.26% | Reduce -27.0% | 60,975 | $592K |
| Integrated Wealth Concepts LLC | 0.01% | Add +36.0% | 60,164 | $584K |
| Moran Wealth Management, LLC | 0.02% | Add +2.7% | 58,834 | $571K |
| Clough Capital Partners L P | 0.05% | Reduce -76.0% | 56,300 | $547K |
| Two Sigma Securities, LLC | 0.07% | New | 55,281 | $537K |
| Alps Advisors Inc. | 0.00% | Add +5.8% | 55,226 | $536K |
| LaSalle St. Investment Advisors, LLC | 0.15% | No change | 54,923 | $533K |
| Janney Montgomery Scott LLC | 0.00% | Reduce -21.8% | 54,607 | $530K |
| Man Group plc | 0.00% | Reduce -99.0% | 53,782 | $522K |
| Mgo One Seven LLC | 0.02% | Reduce -7.1% | 53,535 | $520K |
| Mitsubishi UFJ Asset Management Co., Ltd. | 0.00% | Reduce -9.8% | 53,014 | $515K |
| Campbell & CO Investment Adviser LLC | 0.03% | Add +0.3% | 51,882 | $504K |
| White Knight Strategic Wealth Advisors, LLC | 0.43% | Add +1.8% | 51,459 | $500K |
| Compound Planning, Inc. | 0.02% | Reduce -29.2% | 50,834 | $494K |
| Knollwood Investment Advisory, LLC | 0.05% | No change | 50,000 | $486K |
| Liontrust Investment Partners LLP | 0.01% | Reduce -66.7% | 50,000 | $486K |
| D.A. Davidson & Co. | 0.00% | Add +60.6% | 49,685 | $482K |
| Brooklyn Investment Group | 0.06% | Add +43.7% | 48,710 | $473K |
| Kestra Advisory Services, LLC | 0.00% | Reduce -9.5% | 47,707 | $463K |
| Rockefeller Capital Management L.P. | 0.00% | Add +10.6% | 47,649 | $463K |
| Naviter Wealth, LLC | 0.06% | New | 47,154 | $458K |
| LSV Asset Management | 0.00% | No change | 46,822 | $455K |
| D'Orazio & Associates, Inc. | 0.06% | Reduce -4.6% | 46,545 | $452K |
| Savant Capital, LLC | 0.00% | New | 45,660 | $443K |
| Private Advisor Group, LLC | 0.00% | Add +2.0% | 44,082 | $428K |
| Sava Infond d.o.o. | 0.07% | No change | 43,000 | $418K |
| Geode Capital Management, LLC | 0.00% | Reduce -3.0% | 42,200 | $410K |
| Generali Investments CEE, investicni spolecnost, a.s. | 0.03% | No change | 42,100 | $409K |
| Keynote Financial Services LLC | 0.28% | Reduce -0.9% | 42,095 | $409K |
| Truist Financial Corp. | 0.00% | Reduce -5.0% | 41,527 | $403K |
| Wellington Shields Capital Management, LLC | 0.07% | Add +3.8% | 41,500 | $403K |
| Chiron Capital Management, LLC | 0.35% | Add +40.9% | 41,014 | $398K |
| Laird Norton Wetherby Wealth Management, LLC | 0.02% | — | 40,911 | $397K |
| PEAK6 LLC | 0.01% | Add +338.2% | 40,881 | $397K |
| Cadence Wealth Management LLC | 0.26% | New | 40,814 | $396K |
| Yousif Capital Management, LLC | 0.00% | Add +10.1% | 40,389 | $392K |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | Add +21.9% | 40,248 | $391K |
| Massar Capital Management, LP | 0.29% | No change | 40,000 | $388K |
| Vanguard Personalized Indexing Management, LLC | 0.00% | Reduce -13.8% | 39,009 | $379K |
| Radnor Capital Management, LLC | 0.06% | Reduce -3.5% | 38,134 | $370K |
| Checchi Capital Advisers, LLC | 0.03% | Add +0.4% | 37,491 | $364K |
| Advisory Services Network, LLC | 0.01% | Add +35.7% | 37,985 | $362K |
| Callan Family Office, LLC | 0.01% | New | 36,733 | $357K |
| Letko, Brosseau & Associates Inc. | 0.01% | No change | 36,650 | $356K |
| Integrated Quantitative Investments LLC | 0.10% | No change | 35,900 | $349K |
| Atom Investors LP | 0.03% | New | 34,306 | $333K |
| Segall Bryant & Hamill, LLC | 0.00% | Reduce -47.0% | 33,874 | $329K |
| Fulcrum Asset Management LLP | 0.09% | — | 33,835 | $329K |
| Empowered Funds, LLC | 0.00% | Add +96.3% | 33,589 | $326K |
| Corient IA LP | 0.19% | No change | 33,500 | $325K |
| Wealth Enhancement Advisory Services, LLC | 0.00% | Add +36.9% | 30,842 | $315K |
| Summit Securities Group LLC | 0.11% | Reduce -33.1% | 32,400 | $315K |
| IFG Advisory, LLC | 0.02% | Add +30.6% | 32,297 | $314K |
| Abel Hall, LLC | 0.14% | New | 32,000 | $311K |
| one8zero8, LLC | 0.07% | Add +1.6% | 32,000 | $311K |
| Aprio Wealth Management, LLC | 0.03% | Reduce -64.0% | 31,890 | $310K |
| Oppenheimer & Co. Inc. | 0.00% | Add +36.7% | 31,276 | $304K |
| Comprehensive Money Management Services LLC | 0.23% | Reduce -4.7% | 31,017 | $301K |
| Financial Perspectives, Inc | 0.09% | Add +6.9% | 29,541 | $287K |
| Verus Capital Partners, LLC | 0.03% | Add +156.2% | 29,523 | $287K |
| Signaturefd, LLC | 0.00% | Reduce -21.9% | 29,243 | $284K |
| Hantz Financial Services, Inc. | 0.00% | Add +808.6% | 28,686 | $279K |
| Jones Financial Companies LLLP | 0.00% | Reduce -16.7% | 28,477 | $277K |
| Greenleaf Trust | 0.00% | Reduce -0.0% | 28,205 | $274K |
| HighPoint Advisor Group LLC | 0.01% | No change | 28,132 | $273K |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.00% | Add +43.4% | 27,972 | $272K |
| Federation des caisses Desjardins du Quebec | 0.00% | Reduce -11.5% | 27,228 | $264K |
| Pathstone Holdings, LLC | 0.00% | Add +37.0% | 26,770 | $260K |
| Avantax Advisory Services, Inc. | 0.00% | Reduce -10.2% | 26,769 | $260K |
| DRW Securities, LLC | 0.02% | Reduce -3.9% | 26,667 | $259K |
| Calamos Advisors LLC | 0.00% | No change | 26,450 | $257K |
| U.S. Capital Wealth Advisors, LLC | 0.01% | Reduce -7.4% | 26,200 | $254K |
| MAI Capital Management | 0.00% | Add +9.1% | 25,733 | $250K |
| Bessemer Group Inc. | 0.00% | No change | 25,435 | $247K |
| Sequoia Financial Advisors, LLC | 0.00% | Add +46.5% | 24,929 | $242K |
| Wedmont Private Capital | 0.01% | Add +0.6% | 24,256 | $239K |
| Ballentine Partners, LLC | 0.00% | Reduce -39.7% | 24,577 | $239K |
| Commons Capital, LLC | 0.18% | Reduce -56.2% | 24,000 | $233K |
| Stonehage Fleming Financial Services Holdings Ltd | 0.01% | New | 23,796 | $231K |
| PNC Financial Services Group, Inc. | 0.00% | Add +0.0% | 23,483 | $228K |
| Inspire Advisors, LLC | 0.02% | Reduce -5.5% | 22,936 | $223K |
| CoreCommodity Management, LLC | 0.04% | Add +39.0% | 22,903 | $222K |
| Evergreen Capital Management LLC | 0.01% | New | 22,828 | $222K |
| Independent Financial Group, LLC | 0.01% | Reduce -23.4% | 22,464 | $218K |
| Sompo Asset Management Co., Ltd. | 0.04% | Reduce -18.7% | 22,160 | $215K |
| Orion Porfolio Solutions, LLC | 0.00% | Add +35.9% | 22,132 | $215K |
| R Squared Ltd | 0.12% | Add +37.1% | 21,960 | $213K |
| Dauntless Investment Group, LLC | 0.99% | Reduce -59.6% | 21,692 | $211K |
| Moody National Bank Trust Division | 0.02% | No change | 21,396 | $208K |
| Quadrant Capital Group LLC | 0.01% | Reduce -40.4% | 21,329 | $207K |
| Gould Asset Management LLC | 0.04% | Add +11.3% | 20,910 | $203K |
| Merit Financial Group, LLC | 0.00% | Add +0.0% | 20,852 | $202K |
| Cravens & Co Advisors, LLC | 0.15% | Add +1.9% | 20,530 | $199K |
| Gateway Investment Advisers LLC | 0.00% | Reduce -2.9% | 20,357 | $198K |
| Steward Partners Investment Advisory, LLC | 0.00% | Add +7.5% | 20,340 | $198K |
| Aspen Grove Capital, LLC | 0.03% | No change | 20,135 | $196K |
| Everstar Asset Management, LLC | 0.12% | No change | 20,000 | $194K |
| Cibc World Markets Corp. | 0.00% | New | 20,000 | $194K |
| Allianz Asset Management GmbH | 0.00% | New | 20,000 | $194K |
| West Family Investments, Inc. | 0.05% | Add +82.6% | 19,665 | $191K |
| Captrust Financial Advisors | 0.00% | Reduce -34.2% | 19,656 | $191K |
| AdvisorNet Financial, Inc | 0.01% | Add +4.8% | 19,632 | $191K |
| Fifth Third Bancorp | 0.00% | Reduce -2.0% | 19,220 | $187K |
| Kestra Private Wealth Services, LLC | 0.00% | Reduce -52.0% | 19,164 | $186K |
| &partners | 0.00% | Add +1.1% | 19,078 | $185K |
| First Trust Advisors LP | 0.00% | Reduce -3.6% | 18,526 | $180K |
| Cornerstone Wealth Management, LLC | 0.01% | Add +14.4% | 18,254 | $177K |
| Redhawk Wealth Advisors, Inc. | 0.02% | Add +53.0% | 18,086 | $176K |
| Bridgefront Capital, LLC | 0.05% | New | 17,993 | $175K |
| Cerity Partners LLC | 0.00% | Reduce -16.1% | 17,684 | $172K |
| Geneos Wealth Management Inc. | 0.00% | Add +318.8% | 17,143 | $166K |
| World Investment Advisors | 0.00% | No change | 17,097 | $166K |
| Crescent Grove Advisors, LLC | 0.02% | New | 17,049 | $166K |
| Sowell Financial Services LLC | 0.01% | Reduce -77.5% | 17,045 | $166K |
| Choreo, LLC | 0.00% | Add +24.5% | 17,029 | $165K |
| Avestar Capital, LLC | 0.01% | Reduce -19.8% | 16,851 | $164K |
| Rathbones Group PLC | 0.00% | No change | 16,515 | $160K |
| Deltec Asset Management LLC | 0.03% | New | 16,500 | $160K |
| Journey Strategic Wealth LLC | 0.01% | Add +22.2% | 16,500 | $160K |
| Parallel Advisors, LLC | 0.00% | Add +31.4% | 16,465 | $160K |
| Vise Technologies, Inc. | 0.01% | — | 16,218 | $157K |
| Flagship Harbor Advisors, LLC | 0.01% | Reduce -12.8% | 16,204 | $157K |
| Stock Yards Bank & Trust Co. | 0.01% | Add +60.0% | 16,000 | $155K |
| Blue Trust, Inc. | 0.00% | Reduce -38.4% | 15,938 | $155K |
| Strategic Wealth Partners, Ltd. | 0.01% | — | 15,664 | $152K |
| Patriot Financial Group Insurance Agency, LLC | 0.02% | Reduce -12.5% | 15,116 | $147K |
| Laffer Tengler Investments, Inc. | 0.03% | New | 15,000 | $146K |
| Tepp RIA, LLC | 0.18% | No change | 14,740 | $143K |
| Sagespring Wealth Partners, LLC | 0.00% | Reduce -0.9% | 14,668 | $142K |
| Busey Bank | 0.00% | New | 14,657 | $142K |
| Freestone Capital Holdings, LLC | 0.00% | New | 14,650 | $142K |
| Atria Wealth Solutions, Inc. | 0.00% | Reduce -42.0% | 14,279 | $139K |
| Park Avenue Securities LLC | 0.00% | Add +8.5% | 13,935 | $135K |
| Old National Bancorp | 0.00% | Reduce -28.1% | 13,389 | $130K |
| Roehl & Yi Investment Advisors, LLC | 0.07% | Add +2.8% | 13,381 | $130K |
| Flynn Zito Capital Management, LLC | 0.05% | Add +3.9% | 13,053 | $127K |
| Fort Washington Investment Advisors Inc. | 0.00% | No change | 12,997 | $126K |
| Genus Capital Management Inc. | 0.02% | No change | 12,974 | $126K |
| Fullcircle Wealth LLC | 0.05% | No change | 12,700 | $125K |
| Waverly Advisors, LLC | 0.00% | No change | 12,869 | $125K |
| Atria Investments, Inc | 0.00% | Reduce -22.1% | 12,829 | $125K |
| Sivia Capital Partners, LLC | 0.04% | New | 12,710 | $123K |
| Parvin Asset Management, LLC | 0.13% | Add +35.1% | 12,700 | $123K |
| Rexford Capital Inc. | 0.10% | — | 12,612 | $122K |
| Vanguard Capital Wealth Advisors | 0.12% | New | 12,600 | $122K |
| Retireful, LLC | 0.08% | New | 12,563 | $122K |
| May Hill Capital, LLC | 0.04% | Reduce -41.4% | 12,462 | $121K |
| EntryPoint Capital, LLC | 0.06% | Reduce -3.7% | 11,876 | $115K |
| Midwest Trust Co | 0.00% | — | 11,836 | $115K |
| Diametric Capital, LP | 0.06% | New | 11,806 | $115K |
| Composition Wealth, LLC | 0.00% | Add +2.5% | 11,742 | $114K |
| STRS Ohio | 0.00% | No change | 11,708 | $114K |
| Confluence Investment Management LLC | 0.00% | Reduce -8.9% | 11,679 | $113K |
| Vident Advisory, LLC | 0.00% | Reduce -44.8% | 11,625 | $113K |
| Octavia Wealth Advisors, LLC | 0.01% | Reduce -0.8% | 11,465 | $111K |
| Arista Wealth Management, LLC | 0.01% | New | 11,033 | $107K |
| Allworth Financial LP | 0.00% | Add +101.3% | 10,951 | $106K |
| Independent Advisor Alliance | 0.00% | New | 10,862 | $105K |
| RMR Wealth Builders | 0.01% | No change | 10,803 | $105K |
| Union Bancaire Privee, UBP SA | 0.00% | No change | 10,706 | $104K |
| Wilmington Savings Fund Society, FSB | 0.00% | Add +187.9% | 10,725 | $104K |
| EverSource Wealth Advisors, LLC | 0.00% | Add +42.7% | 10,700 | $104K |
| Wealth Alliance, LLC | 0.01% | Reduce -1.9% | 10,636 | $103K |
| Snowden Capital Advisors LLC | 0.00% | Reduce -61.6% | 10,564 | $103K |
| Cary Street Partners Financial LLC | 0.00% | Reduce -4.7% | 10,466 | $102K |
| Belpointe Asset Management LLC | 0.00% | No change | 10,436 | $101K |
| Signature Estate & Investment Advisors LLC | 0.00% | New | 10,238 | $99K |
| Baker Avenue Asset Management, LP | 0.00% | No change | 10,200 | $99K |
| American Trust Investment Advisors, LLC | 0.05% | Reduce -88.7% | 10,145 | $99K |
| Ieq Capital, LLC | 0.00% | New | 10,127 | $98K |
| Farther Finance Advisors, LLC | 0.00% | Add +9.8% | 10,018 | $97K |
| Trust Co. of Oklahoma | 0.03% | New | 10,000 | $97K |
| Gabelli Funds LLC | 0.00% | No change | 10,000 | $97K |
| Mountain Hill Investment Partners Corp. | 0.07% | No change | 9,000 | $87K |
| Tower Research Capital LLC (TRC) | 0.00% | New | 8,918 | $87K |
| Rakuten Securities, Inc. | 0.03% | Reduce -23.0% | 8,256 | $80K |
| FNY Investment Advisers, LLC | 0.03% | Add +288.4% | 8,000 | $77K |
| Dynamo Administracao de Recursos Ltda. | 0.26% | No change | 7,863 | $76K |
| Ameritas Advisory Services, LLC | 0.00% | Reduce -59.1% | 5,705 | $55K |
| Investors Research Corp | 0.01% | No change | 5,500 | $53K |
| Global Retirement Partners, LLC | 0.00% | — | 5,444 | $53K |
| Capital Analysts, LLC | 0.00% | No change | 5,085 | $49K |
| Westend Capital Management, LLC | 0.01% | New | 4,923 | $48K |
| Thompson Investment Management, Inc. | 0.01% | New | 4,735 | $46K |
| J.Safra Asset Management Corp | 0.00% | No change | 4,100 | $40K |
| GAMMA Investing LLC | 0.00% | Add +98.4% | 4,075 | $40K |
| Maxi Investments CY Ltd | 0.01% | New | 4,000 | $39K |
| Ameliora Wealth Management Ltd. | 0.01% | No change | 4,000 | $39K |
| Founders Capital Management | 0.02% | No change | 3,800 | $37K |
| Chung Wu Investment Group, LLC | 0.04% | New | 3,500 | $34K |
| CENTRAL TRUST Co | 0.00% | New | 3,500 | $34K |
| Huntington National Bank | 0.00% | Reduce -21.9% | 3,457 | $34K |
| GPS Wealth Strategies Group, LLC | 0.00% | Reduce -27.6% | 3,367 | $33K |
| Harbour Investments, Inc. | 0.00% | Reduce -22.8% | 3,162 | $31K |
| Cornerstone Planning Group LLC | 0.01% | No change | 3,092 | $31K |
| CIBC Private Wealth Group LLC | 0.00% | Reduce -1.2% | 2,788 | $27K |
| Cwm, LLC | 0.00% | Reduce -12.7% | 2,821 | $27K |
| Pacifica Partners Inc. | 0.01% | No change | 2,765 | $27K |
| Group One Trading LLC | 0.00% | New | 2,772 | $27K |
| Whittier Trust Co. | 0.00% | Add +43.7% | 2,627 | $26K |
| TD Waterhouse Canada Inc. | 0.00% | Reduce -97.1% | 2,496 | $25K |
| GFG Capital, LLC | 0.01% | New | 2,500 | $24K |
| Rosenberg Matthew Hamilton | 0.01% | No change | 2,483 | $24K |
| Glenmede Investment Management, LP | 0.00% | — | 2,257 | $22K |
| IFP Advisors, Inc | 0.00% | Reduce -35.4% | 1,823 | $18K |
| Cary Street Partners Investment Advisory LLC | 0.01% | Add +43.4% | 1,718 | $17K |
| Legal & General Group Plc | 0.00% | No change | 1,694 | $16K |
| Parkside Financial Bank & Trust | 0.00% | New | 1,643 | $16K |
| Riggs Asset Managment Co. Inc. | 0.00% | No change | 1,576 | $15K |
| Gen-Wealth Partners Inc | 0.01% | No change | 1,500 | $15K |
| Golden State Wealth Management, LLC | 0.00% | No change | 1,406 | $14K |
| American National Bank & Trust | 0.00% | New | 1,300 | $13K |
| JFS Wealth Advisors, LLC | 0.00% | Add +10.6% | 1,236 | $12K |
| Creative Financial Designs Inc. | 0.00% | No change | 1,225 | $12K |
| Nisa Investment Advisors, LLC | 0.00% | No change | 1,200 | $12K |
| Bank of New Hampshire | 0.00% | No change | 1,155 | $11K |
| AXA S.A. | 0.00% | No change | 1,120 | $11K |
| Pine Valley Investments Ltd Liability Co | 0.00% | New | 1,100 | $11K |
| Islay Capital Management, LLC | 0.01% | No change | 1,000 | $10K |
| Iron Horse Wealth Management, LLC | 0.00% | Reduce -60.0% | 1,000 | $10K |
| Larson Financial Group LLC | 0.00% | No change | 1,000 | $10K |
| Principal Securities, Inc. | 0.00% | Add +23.1% | 929 | $9K |
| Financial Connections Group, Inc. | 0.00% | No change | 1,000 | $9K |
| Annis Gardner Whiting Capital Advisors, LLC | 0.00% | New | 854 | $8K |
| Highline Wealth Partners LLC | 0.00% | Add +0.4% | 810 | $8K |
| Garde Capital, Inc. | 0.00% | No change | 763 | $7K |
| Cape Investment Advisory, Inc. | 0.00% | Add +41.6% | 722 | $7K |
| HHM Wealth Advisors, LLC | 0.00% | No change | 700 | $7K |
| Transce3nd, LLC | 0.00% | No change | 694 | $7K |
| Lanark Financial, Inc. | 0.00% | No change | 700 | $6K |
| NewSquare Capital LLC | 0.00% | Add +115.1% | 611 | $6K |
| Community Bank, N.A. | 0.00% | No change | 600 | $6K |
| Hilltop National Bank | 0.00% | — | 570 | $6K |
| TCTC Holdings, LLC | 0.00% | No change | 560 | $5K |
| NFJ Investment Group, LLC | 0.00% | Reduce -99.9% | 557 | $5K |
| Physician Wealth Advisors, Inc. | 0.00% | No change | 511 | $5K |
| Accordant Advisory Group Inc | 0.00% | No change | 500 | $5K |
| Winnacle Wealth LLC | 0.00% | New | 500 | $5K |
| First United Bank & Trust | 0.00% | No change | 500 | $5K |
| Murphy & Mullick Capital Management Corp | 0.00% | No change | 500 | $5K |
| Sierra Ocean, LLC | 0.00% | New | 443 | $4K |
| WealthCollab, LLC | 0.00% | Add +61.1% | 364 | $4K |
| Rothschild Investment LLC | 0.00% | No change | 335 | $3K |
| Sunbelt Securities, Inc. | 0.00% | No change | 350 | $3K |
| Mizuho Securities Co. Ltd. | 0.01% | Add +200.0% | 300 | $3K |
| Rossby Financial, LCC | 0.00% | No change | 290 | $3K |
| Sound Income Strategies, LLC | 0.00% | Reduce -49.3% | 265 | $3K |
| Grove Bank & Trust | 0.00% | Add +150.0% | 250 | $2K |
| Anchor Investment Management, LLC | 0.00% | No change | 250 | $2K |
| Bell Investment Advisors, Inc | 0.00% | Add +148.0% | 243 | $2K |
| True Wealth Design, LLC | 0.00% | Add +3.4% | 242 | $2K |
| Sittner & Nelson, LLC | 0.00% | No change | 237 | $2K |
| Thurston, Springer, Miller, Herd & Titak, Inc. | 0.00% | No change | 224 | $2K |
| Whittier Trust Co. of Nevada Inc. | 0.00% | Reduce -7.8% | 223 | $2K |
| Twin Peaks Wealth Advisors, LLC | 0.00% | New | 200 | $2K |
| Bank & Trust Co | 0.00% | No change | 200 | $2K |
| MPWM Advisory Solutions, LLC | 0.00% | No change | 173 | $2K |
| Kilter Group LLC | 0.00% | New | 172 | $2K |
| SOA Wealth Advisors, LLC. | 0.00% | No change | 170 | $2K |
| Wealth Preservation Advisors, LLC | 0.00% | Reduce -92.9% | 158 | $2K |
| First Horizon Advisors, Inc. | 0.00% | New | 138 | $1K |
| Raffa Wealth Management, LLC | 0.00% | No change | 106 | $1K |
| Proathlete Wealth Management LLC | 0.00% | New | 101 | $980 |
| USCF Advisers LLC | 0.10% | No change | 100 | $971 |
| Cedar Wealth Management, LLC | 0.00% | No change | 100 | $971 |
| Whipplewood Advisors, LLC | 0.00% | Add +2200.0% | 69 | $670 |
| Hollencrest Capital Management | 0.00% | No change | 69 | $670 |
| NBT Bank, N.A. | 0.00% | No change | 50 | $486 |
| Flagship Wealth Advisors, LLC | 0.00% | No change | 46 | $445 |
| Abound Wealth Management | 0.00% | No change | 30 | $292 |
| High Note Wealth, LLC | 0.00% | Reduce -21.9% | 25 | $243 |
| Beaird Harris Wealth Management, LLC | 0.00% | New | 25 | $243 |
| Creekmur Asset Management LLC | 0.00% | New | 12 | $118 |
| MTM Investment Management, LLC | 0.00% | New | 12 | $117 |
| Bogart Wealth, LLC | 0.00% | New | 1 | $7 |
"% of holder's portfolio" is VALE's weight in each manager's 13F, not the share of Vale SA-SP ADR the manager owns.