Vale SA-SP ADRVALE

13F holders, Q4 2025 (December 31)
534holders +43
85new positions
60sold out
10famous investors
$13.04avg. 13F price*

At the end of Q4 2025, 534 institutions reported holding Vale SA-SP ADR (VALE) in their 13F filings, up 43 from Q3 2025. 85 opened new positions and 60 sold out. The largest holders were Capital World Investors ($1.2B), BlackRock, Inc. ($914.3M) and GQG Partners LLC ($848.7M). 10 famous investors held it, including Howard Marks (0.6% of Oaktree Capital Management's portfolio), Ray Dalio (0.3% of Bridgewater Associates's portfolio) and Jim Simons / Peter Brown (0.2% of Renaissance Technologies's portfolio).

Company
Vale SA-SP ADR
CUSIP
91912E105
Latest filing quarter
Q2 2026

History

Number of 13F holders

0200400600 Q1 2024: 518Q1 2024Q2 2024: 517Q2 2024Q3 2024: 510Q3 2024Q4 2024: 499Q4 2024Q1 2025: 491Q1 2025Q2 2025: 474Q2 2025Q3 2025: 491Q3 2025Q4 2025: 534Q4 2025Q1 2026: 557Q1 2026Q2 2026: 543Q2 2026

Total Exit/New Position Q3 2025 → Q4 2025

InstitutionsTotal Value
New Positions85$229.1M
Exits60$237.6M

All 13F filers, Q3 2025 → Q4 2025: 218,109,759 shares bought and 104,662,465 shares sold, net +113,447,294 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 534 holders

Capital World Investors 0.16% Add +58.2% 89,322,261 $1.2B
BlackRock, Inc. 0.02% Add +10.1% 70,171,344 $914.3M
GQG Partners LLC 1.40% Add +42.4% 65,132,572 $848.7M
FMR LLC 0.04% Reduce -0.5% 54,962,420 $716.2M
Arrowstreet Capital, Limited Partnership 0.32% Add +2239.6% 41,596,000 $542.0M
Capital International Investors 0.06% Reduce -40.2% 27,642,423 $360.3M
Lazard Asset Management LLC 0.50% Add +0.9% 22,480,635 $292.9M
Fisher Asset Management 0.10% Reduce -0.7% 21,597,376 $281.4M
Robeco Institutional Asset Management B.V. 0.39% Add +77.8% 20,809,302 $271.1M
Orbis Allan Gray Ltd 1.00% Add +34.4% 18,242,181 $237.7M
Connor, Clark & Lunn Investment Management Ltd. 0.61% Add +36.1% 17,937,883 $233.7M
Invesco Ltd. 0.02% Reduce -40.8% 17,158,851 $223.6M
Goldman Sachs Group Inc. 0.03% Add +8.3% 13,587,443 $177.0M
Morgan Stanley 0.01% Reduce -12.1% 12,563,174 $163.7M
Mondrian Investment Partners LTD 2.46% Add +0.4% 11,419,957 $148.8M
Renaissance Technologies 0.22% Add +50.1% 11,040,637 $143.9M
State Street Corp. 0.00% Reduce -2.4% 10,598,523 $140.7M
Itau Unibanco Holding S.A. 3.25% Add +69.6% 10,122,584 $132.7M
Bank of America Corp. 0.01% Reduce -41.4% 9,932,169 $129.4M
AQR Capital Management 0.07% Add +826.7% 9,530,954 $124.2M
Massachusetts Financial Services Co. 0.04% Reduce -11.5% 8,488,758 $110.6M
Millennium Management 0.08% Add +9.0% 8,360,116 $108.9M
Capital Research Global Investors 0.02% Add +0.4% 8,173,426 $106.5M
Truist Financial Corp. 0.14% Add +16205.4% 8,109,148 $105.7M
Two Sigma Investments, LP 0.16% Add +445.7% 7,758,691 $101.1M
Ninety One UK Ltd 0.22% Add +1.1% 7,715,768 $100.5M
Holocene Advisors, LP 0.21% Add +226.8% 7,532,061 $98.1M
Dimensional Fund Advisors LP 0.02% Reduce -11.5% 7,183,913 $93.6M
Deutsche Bank AG 0.03% Add +11.0% 7,085,040 $92.3M
RWC Asset Advisors (us) LLC 16.10% Add +9.0% 6,523,762 $85.0M
Todd Asset Management LLC 1.58% Add +51.6% 6,239,516 $81.3M
Bridgewater Associates 0.29% Reduce -17.9% 6,024,497 $78.5M
Citadel Advisors 0.05% Add +54.3% 5,921,812 $77.2M
American Century Companies Inc. 0.04% Add +13.8% 5,901,094 $76.9M
Driehaus Capital Management LLC 0.51% Reduce -29.4% 5,780,150 $75.3M
Man Group plc 0.14% Add +36.1% 5,629,183 $73.3M
Acadian Asset Management LLC 0.11% Add +9375.2% 5,095,487 $66.4M
Envestnet Asset Management Inc. 0.02% Add +440.5% 4,918,143 $64.1M
Northern Trust Corp. 0.01% Add +5.9% 4,864,383 $63.4M
UBS Group AG 0.01% Reduce -50.6% 4,630,332 $60.3M
BNP Paribas Financial Markets 0.04% Add +150.7% 4,585,885 $59.8M
JPMorgan Chase & Co. 0.00% Add +2.1% 4,545,946 $59.2M
Teachers Retirement System of the State of Kentucky 0.40% Add +52.0% 4,072,400 $53.1M
Susquehanna International Group, LLP 0.07% Reduce -36.3% 4,015,527 $52.3M
Jane Street Group, LLC 0.05% Add +383.1% 3,412,312 $44.5M
Van Eck Associates Corp. 0.04% Add +13.5% 3,400,270 $44.3M
Ninety One North America, Inc. 1.78% Reduce -0.5% 3,361,779 $43.8M
Nuveen, LLC 0.01% Reduce -6.8% 3,280,249 $42.7M
Marshall Wace, LLP 0.04% Reduce -65.5% 3,165,210 $41.2M
Turim 21 Investimentos Ltda. 15.76% No change 3,131,646 $40.8M
Voloridge Investment Management, LLC 0.14% Add +9173.5% 2,959,832 $38.6M
Russell Investments Group, Ltd. 0.04% Add +108.4% 2,954,447 $38.5M
Davis Selected Advisers 0.17% No change 2,931,198 $38.2M
Aberdeen Group plc 0.06% Add +2.4% 2,838,991 $37.0M
O'shaughnessy Asset Management, LLC 0.18% Add +12.8% 2,540,879 $33.1M
RWC Asset Management LLP 1.82% Add +28.1% 2,500,707 $32.6M
Two Sigma Advisers, LP 0.06% New 2,461,400 $32.1M
Allspring Global Investments Holdings, LLC 0.05% Reduce -12.9% 2,418,308 $32.1M
Optiver Holding B.V. 0.56% New 2,387,454 $31.1M
Wells Fargo & Company 0.01% Add +31.0% 2,362,919 $30.8M
Trexquant Investment LP 0.27% Add +639.0% 2,306,104 $30.0M
HSBC Holdings PLC 0.02% Add +6.4% 2,216,984 $28.9M
Lord, Abbett & Co. LLC 0.09% New 2,100,000 $27.4M
Oaktree Capital Management 0.58% Reduce -0.5% 2,023,706 $26.4M
Raymond James Financial Inc. 0.01% Add +22.3% 1,994,495 $26.0M
Allianz Asset Management GmbH 0.03% Add +8771.5% 1,774,300 $23.1M
Capital Fund Management S.A. 0.22% Add +173.8% 1,754,916 $22.9M
Bank of Montreal 0.01% Add +229.2% 1,721,116 $22.5M
Jennison Associates LLC 0.01% Add +55.0% 1,603,391 $20.9M
Amundi 0.01% Add +10.9% 1,598,530 $20.8M
Nomura Asset Management International Inc. 0.03% — 1,570,579 $20.5M
Barclays PLC 0.01% Reduce -39.0% 1,561,385 $20.3M
PointState Capital LP 0.34% New 1,542,021 $20.1M
T. Rowe Price Associates Inc. 0.00% Reduce -6.2% 1,485,036 $19.4M
Larch Capital Partners LLC 2.50% — 1,374,389 $18.2M
Mackenzie Financial Corp. 0.02% Add +15.5% 1,338,132 $17.5M
Sei Investments Co. 0.02% Add +100.6% 1,317,933 $17.2M
Foundations Investment Advisors, LLC 0.22% New 1,264,002 $16.5M
Kiltearn Partners LLP 3.27% Reduce -17.0% 1,157,336 $15.1M
Deeter Investments LLP 3.22% — 1,143,871 $14.9M
Janus Henderson Group PLC 0.01% Reduce -0.7% 1,115,499 $14.5M
Quadrature Capital Ltd 0.14% Add +73.1% 1,063,995 $13.9M
LPL Financial LLC 0.00% Add +10.7% 1,019,350 $13.3M
Franklin Resources Inc. 0.00% Add +2.8% 972,681 $12.7M
Public Employees Retirement System of Ohio 0.04% Reduce -3.9% 958,883 $12.5M
Y-Intercept (Hong Kong) Ltd 0.28% Reduce -43.4% 948,087 $12.4M
Himension Capital (singapore) Pte. LTD. 0.74% Add +463.5% 918,117 $12.0M
Causeway Capital Management LLC 0.16% New 904,000 $11.8M
Barings LLC 0.22% Add +10.8% 878,365 $11.4M
Citigroup Inc. 0.01% Reduce -19.5% 827,966 $10.8M
Cibc World Market Inc. 0.02% Add +9.1% 816,277 $10.6M
SG Americas Securities, LLC 0.01% Add +99.4% 808,326 $10.5M
Caption Management, LLC 0.46% New 770,000 $10.0M
Royal Bank of Canada 0.00% Reduce -24.8% 731,910 $9.5M
NS Partners Ltd 0.36% Reduce -13.8% 702,500 $9.2M
SummitTX Capital, L.P. 0.27% Reduce -26.2% 685,874 $8.9M
DekaBank Deutsche Girozentrale 0.01% No change 631,753 $8.6M
Greenline Partners, LLC 0.99% Add +96.7% 661,200 $8.6M
Capital International Sarl 0.14% Add +4.1% 659,103 $8.6M
Simplex Trading, LLC 0.23% New 636,509 $8.3M
Lifetime Wealth Management P.C. 4.69% — 565,778 $7.4M
Oxbow Advisors, LLC 0.64% Add +10.0% 546,782 $7.1M
Kawa Capital Management, Inc 16.31% Reduce -49.0% 520,000 $7.1M
Pacific Heights Asset Management LLC 0.24% No change 500,000 $6.5M
NLB Skladi, upravljanje premozenja, d.o.o. 0.29% — 494,796 $6.4M
Trek Financial, LLC 0.37% New 484,111 $6.3M
State of New Jersey Common Pension Fund D 0.02% No change 478,398 $6.2M
Natixis Advisors, LLC 0.01% Add +11.7% 469,790 $6.1M
XTX Topco Ltd 0.16% Add +521.9% 467,887 $6.1M
Verition Fund Management LLC 0.03% Reduce -30.7% 466,039 $6.1M
Cambridge Investment Research Advisors, Inc. 0.02% Reduce -5.2% 465,441 $6.1M
Leonteq Securities AG 0.32% Add +11.1% 463,376 $6.0M
Manufacturers Life Insurance Company, The 0.00% Reduce -15.7% 456,726 $6.0M
Squarepoint Ops LLC 0.01% Add +2191.5% 449,599 $5.9M
Euro Pacific Asset Management, LLC 0.63% Add +575.2% 488,718 $5.7M
Point72 Asset Management 0.01% New 418,986 $5.5M
Journey Advisory Group, LLC 0.45% Add +0.3% 407,902 $5.3M
Ritholtz Wealth Management 0.10% Add +10.6% 407,634 $5.3M
BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% Reduce -17.7% 406,405 $5.3M
Financial Sense Advisors, Inc. 1.10% Add +205.6% 397,116 $5.2M
SPX Gestao de Recursos Ltda 0.53% Reduce -96.4% 395,018 $5.1M
Summit Securities Group LLC 0.92% Add +1677.9% 394,700 $5.1M
Jump Financial, LLC 0.07% Reduce -71.0% 393,230 $5.1M
HighTower Advisors, LLC 0.01% Add +9.0% 388,889 $5.1M
Principal Financial Group Inc. 0.00% Add +6.8% 379,340 $4.9M
Thrivent Financial for Lutherans 0.01% Reduce -28.0% 378,799 $4.9M
Tidal Investments LLC 0.02% Add +16.3% 376,781 $4.9M
Lighthouse Investment Partners, LLC 0.16% Add +21.1% 370,459 $4.8M
Baird Financial Group, Inc. 0.01% New 369,699 $4.8M
Mirae Asset Global Investments Co., Ltd. 0.01% Add +2.9% 359,114 $4.7M
Pinebridge Investments LLC 0.03% — 356,252 $4.6M
GMO 0.01% New 317,300 $4.1M
Manning & Napier Advisors LLC 0.05% Reduce -3.4% 315,414 $4.1M
Osaic Holdings, Inc. 0.01% Reduce -0.9% 315,802 $4.1M
Jain Global LLC 0.04% New 304,950 $4.0M
Metis Global Partners, LLC 0.09% Reduce -8.2% 296,177 $3.9M
Assetmark, Inc. 0.01% Add +10.9% 289,337 $3.8M
Cohen & Steers, Inc. 0.01% Reduce -39.8% 280,946 $3.7M
Capital International Ltd. 0.13% Reduce -4.8% 280,267 $3.7M
Caprock Group, LLC 0.08% Add +22.1% 270,326 $3.6M
Creative Planning 0.00% Add +37.5% 274,994 $3.6M
Moore Capital Management, LP 0.08% New 271,000 $3.5M
Moneda S.A. Administradora General de Fondos 3.15% Reduce -16.2% 269,619 $3.5M
Banco Santander, S.A. 0.03% Reduce -53.7% 263,854 $3.4M
Advisors Asset Management, Inc. 0.06% Reduce -4.3% 263,799 $3.4M
MML Investors Services, LLC 0.01% Add +4.0% 260,439 $3.4M
Stifel Financial Corp. 0.00% Reduce -2.9% 254,707 $3.3M
Verde Servicos Internacionais S.A. 1.04% No change 249,600 $3.3M
Walleye Trading LLC 0.05% Reduce -6.8% 245,728 $3.2M
Longfellow Investment Management Co. LLC 0.70% Reduce -13.3% 239,430 $3.1M
Nkcfo LLC 0.90% New 237,750 $3.1M
First Trust Advisors LP 0.00% Add +30.0% 231,454 $3.0M
Quantinno Capital Management LP 0.01% Add +73.7% 230,757 $3.0M
Engineers Gate Manager LP 0.04% New 228,272 $3.0M
Bluefin Capital Management, LLC 0.84% New 227,200 $3.0M
Brooklyn Investment Group 0.13% Add +359.9% 221,075 $2.9M
Banco Bilbao Vizcaya Argentaria, S.A. 0.02% Reduce -57.2% 219,010 $2.9M
Walleye Capital LLC 0.02% Reduce -87.4% 211,023 $2.7M
Cetera Investment Advisers 0.00% Reduce -6.3% 207,502 $2.7M
Centiva Capital, LP 0.16% Add +434.1% 207,349 $2.7M
Natixis 0.01% Add +273.3% 207,198 $2.7M
Scotia Capital Inc. 0.01% Add +0.3% 199,954 $2.6M
Sumitomo Mitsui Trust Group, Inc. 0.00% Reduce -2.8% 199,605 $2.6M
Tudor Investment Corporation 0.01% New 196,150 $2.6M
Recurrent Investment Advisors LLC 0.18% Add +43.7% 187,430 $2.4M
D.A. Davidson & Co. 0.01% Reduce -15.9% 185,917 $2.4M
Commonwealth Equity Services, LLC 0.00% Add +8.4% 184,462 $2.4M
Amova Asset Management Americas, Inc. 0.03% Reduce -3.0% 184,005 $2.4M
ARGA Investment Management, LP 0.06% No change 182,364 $2.4M
Mirabella Financial Services LLP 0.24% New 181,158 $2.4M
Capital International, Inc. 0.02% Reduce -69.7% 180,335 $2.3M
Hantz Financial Services, Inc. 0.03% Add +53.7% 179,919 $2.3M
Profund Advisors LLC 0.07% Add +10.5% 178,021 $2.3M
Abbington Investment Group 1.58% Add +19.8% 176,989 $2.3M
Pzena Investment Management LLC 0.01% Reduce -39.6% 172,732 $2.3M
Employees Retirement System of Texas 0.02% New 170,991 $2.2M
Surience Private Wealth LLC 2.51% New 170,190 $2.2M
Marex Group Ltd 0.02% Add +9.6% 166,735 $2.2M
Kestra Advisory Services, LLC 0.01% Add +7.5% 165,067 $2.2M
Clough Capital Partners L P 0.19% Add +192.9% 164,928 $2.1M
Level Four Advisory Services, LLC 0.07% Reduce -2.8% 164,710 $2.1M
Vident Advisory, LLC 0.02% Add +0.1% 164,189 $2.1M
Impala Asset Management LLC 1.31% New 160,000 $2.1M
Liontrust Investment Partners LLP 0.03% Add +220.0% 160,000 $2.1M
Alliancebernstein L.P. 0.00% Add +101.3% 159,317 $2.1M
X-Square Capital, LLC 0.68% Reduce -1.3% 158,535 $2.1M
Mariner, LLC 0.00% Add +8.6% 152,538 $2.0M
Ameriprise Financial Inc. 0.00% Reduce -87.1% 148,438 $2.0M
Qtron Investments LLC 0.25% Add +79.6% 149,116 $1.9M
Neuberger Berman Group LLC 0.00% Add +32.6% 148,004 $1.9M
Vontobel Holding Ltd. 0.01% Add +218.3% 144,207 $1.9M
Commons Capital, LLC 1.30% No change 141,750 $1.8M
Perpetual Ltd 0.03% Reduce -2.4% 141,560 $1.8M
Daiwa Securities Group Inc. 0.01% Reduce -11.7% 136,194 $1.8M
Kathmere Capital Management, LLC 0.12% Add +14.1% 135,416 $1.8M
MIdWestOne Financial Group, Inc. 0.19% Reduce -26.4% 133,267 $1.7M
Matthews International Capital Management LLC 0.52% New 132,432 $1.7M
Crossmark Global Holdings, Inc. 0.02% Add +0.2% 127,601 $1.7M
Gsa Capital Partners LLP 0.14% Add +54.3% 124,869 $1.6M
Rhumbline Advisers 0.00% Reduce -31.2% 123,785 $1.6M
VPR Management LLC 0.71% No change 122,010 $1.6M
Advisory Resource Group 0.28% Reduce -8.9% 120,355 $1.6M
Guggenheim Capital LLC 0.01% Add +13.9% 117,544 $1.5M
Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% Add +339.7% 114,855 $1.5M
Insigneo Advisory Services, LLC 0.11% Reduce -12.9% 112,326 $1.5M
CenterBook Partners LP 0.07% Add +30.3% 108,732 $1.4M
Nomura Asset Management Co. Ltd. 0.00% Add +11.2% 108,359 $1.4M
PEAK6 LLC 0.04% New 105,098 $1.4M
National Bank of Canada 0.00% Reduce -21.1% 104,412 $1.4M
FNY Investment Advisers, LLC 0.38% Add +1407.3% 102,500 $1.3M
Assenagon Asset Management S.A. 0.00% Reduce -94.6% 102,362 $1.3M
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% New 100,020 $1.3M
TLS Advisors LLC 4.16% Add +3.2% 99,393 $1.3M
WINTON GROUP Ltd 0.04% New 99,000 $1.3M
Group One Trading LLC 0.04% New 98,717 $1.3M
Waterfront Wealth Inc. 0.24% Add +1.6% 78,951 $1.3M
Compound Planning, Inc. 0.04% Add +26.6% 96,652 $1.3M
Perigon Wealth Management, LLC 0.02% Add +40.5% 96,063 $1.3M
Summit Financial, LLC 0.02% Reduce -2.6% 88,721 $1.2M
Northwestern Mutual Wealth Management Co. 0.00% Reduce -3.8% 93,642 $1.2M
Old West Investment Management, LLC 0.21% New 92,080 $1.2M
Mercer Global Advisors Inc. 0.00% Reduce -8.9% 87,097 $1.1M
NewEdge Advisors, LLC 0.00% Add +89.1% 85,751 $1.1M
180 Wealth Advisors, LLC 0.12% Reduce -3.9% 82,508 $1.1M
QRG Capital Management, Inc. 0.01% Add +55.4% 81,702 $1.1M
Tocqueville Asset Management L.P. 0.02% New 80,614 $1.1M
Moran Wealth Management, LLC 0.03% Add +26.9% 79,095 $1.0M
Pekin Hardy Strauss, Inc. 0.09% Add +5.7% 78,689 $1.0M
LaSalle St. Investment Advisors, LLC 0.16% Add +41.6% 78,620 $1.0M
Arkadios Wealth Advisors 0.02% Reduce -6.2% 76,316 $994K
Sprott Inc. 0.04% Reduce -25.3% 75,084 $978K
Calamos Advisors LLC 0.01% Add +180.3% 74,150 $966K
Chesapeake Capital Corp. 0.79% Add +0.9% 72,358 $943K
Bank of New York Mellon Corp 0.00% Add +17.6% 70,982 $925K
Verus Capital Partners, LLC 0.06% Add +15.7% 70,973 $925K
Equitable Holdings, Inc. 0.01% Add +0.6% 69,908 $911K
Fortis Capital Advisors, LLC 0.13% New 69,513 $906K
Belpointe Asset Management LLC 0.03% New 69,513 $906K
J. Safra Sarasin Holding AG 0.01% No change 68,200 $889K
Capital Group Investment Management Pte. LTD. 0.14% Reduce -9.5% 68,030 $886K
Quadrant Capital Group LLC 0.03% Add +1.3% 66,870 $871K
Cloverfields Capital Group, LP 0.27% Reduce -70.9% 66,062 $861K
Boston Partners 0.00% New 65,338 $851K
Ascent Group, LLC 0.03% Add +4.2% 63,229 $824K
D'Orazio & Associates, Inc. 0.10% Add +12.0% 62,503 $814K
Windmill Hill Asset Management Ltd 0.19% No change 61,344 $799K
Sava Infond d.o.o. 0.11% Add +39.5% 60,000 $782K
Savant Capital, LLC 0.00% Add +22.8% 59,643 $777K
Ieq Capital, LLC 0.00% Add +36.0% 59,380 $774K
Flow Traders U.S. LLC 0.03% New 59,201 $771K
Laird Norton Wetherby Trust Company, LLC 0.02% New 58,048 $770K
Orion Porfolio Solutions, LLC 0.01% Add +22.4% 58,297 $760K
NINE MASTS CAPITAL Ltd 0.17% Reduce -96.5% 16,277 $756K
Integrated Wealth Concepts LLC 0.01% Reduce -9.7% 57,621 $751K
TD Waterhouse Canada Inc. 0.00% Add +2326.4% 57,020 $742K
Pursuit Wealth Management LLC 0.63% — 56,658 $738K
Segall Bryant & Hamill, LLC 0.01% New 56,374 $735K
Bank of Nova Scotia 0.00% Reduce -1.0% 56,033 $730K
Callan Family Office, LLC 0.02% Add +109.0% 55,364 $721K
R Squared Ltd 0.33% Add +3.9% 54,967 $716K
Aprio Wealth Management, LLC 0.04% Add +29.3% 54,823 $714K
Fox Run Management, L.L.C. 0.11% Reduce -32.5% 53,664 $699K
DRW Securities, LLC 0.05% Reduce -73.3% 53,642 $699K
CMT Capital Markets Trading GmbH 0.45% Reduce -83.4% 52,062 $678K
HUB Investment Partners, LLC 0.02% New 51,779 $675K
Quantbot Technologies LP 0.02% Reduce -51.8% 51,758 $674K
Jones Financial Companies LLLP 0.00% Add +9.0% 51,199 $667K
Vinland Capital Management Gestora de Recursos LTDA. 7.96% New 50,000 $652K
Knollwood Investment Advisory, LLC 0.06% No change 50,000 $652K
Naviter Wealth, LLC 0.08% Reduce -7.5% 47,670 $632K
US Bancorp \de 0.00% Reduce -68.5% 46,940 $612K
Vanguard Personalized Indexing Management, LLC 0.01% Add +7.2% 46,836 $610K
LSV Asset Management 0.00% No change 46,822 $610K
Yousif Capital Management, LLC 0.01% No change 40,389 $603K
HighPoint Advisor Group LLC 0.01% Add +54.5% 44,971 $586K
Wealth Enhancement Advisory Services, LLC 0.00% Add +5.7% 41,004 $581K
Rockefeller Capital Management L.P. 0.00% Reduce -2.4% 44,188 $576K
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% Add +17.3% 43,705 $569K
Cadence Wealth Management LLC 0.27% Add +0.4% 43,644 $569K
one8zero8, LLC 0.12% Add +8.8% 43,500 $567K
Johnson Investment Counsel Inc. 0.00% Add +6.0% 42,742 $557K
Sequoia Financial Advisors, LLC 0.00% Add +46.2% 41,921 $546K
Kassira Wealth Management LLC 0.50% Reduce -3.6% 40,458 $527K
Baader Bank Aktiengesellschaft 0.04% Add +304.2% 40,421 $525K
Massar Capital Management, LP 0.10% No change 40,000 $521K
Advisory Services Network, LLC 0.01% Add +17.4% 39,636 $516K
Financial Perspectives, Inc 0.14% No change 39,316 $512K
Private Advisor Group, LLC 0.00% Reduce -0.5% 39,125 $510K
Mgo One Seven LLC 0.01% Reduce -14.1% 39,080 $509K
Redhawk Wealth Advisors, Inc. 0.06% Add +75.2% 38,929 $507K
Cerity Partners LLC 0.00% Add +31.8% 38,514 $502K
Fifth Third Bancorp 0.00% Add +117.1% 38,431 $501K
Federation des caisses Desjardins du Quebec 0.00% Add +21.8% 38,247 $498K
Checchi Capital Advisers, LLC 0.03% Add +1.8% 38,134 $497K
Letko, Brosseau & Associates Inc. 0.01% No change 36,650 $478K
Keynote Financial Services LLC 0.27% Reduce -3.4% 36,594 $477K
Radnor Capital Management, LLC 0.07% Reduce -0.4% 36,484 $475K
AssuredPartners Investment Advisors, LLC 0.07% New 36,350 $474K
Diversified Trust Co. 0.01% Reduce -2.4% 36,152 $471K
Ping Capital Management, Inc. 0.18% Reduce -73.6% 35,100 $457K
Eschler Asset Management LLP 0.31% New 35,000 $456K
Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.01% New 34,258 $446K
IFG Advisory, LLC 0.02% Reduce -2.4% 34,221 $446K
Silver Oak Securities, Incorporated 0.03% No change 33,650 $441K
World Investment Advisors 0.01% Add +115.2% 33,546 $437K
Farther Finance Advisors, LLC 0.00% Add +50.5% 33,009 $430K
Pathstone Holdings, LLC 0.00% Add +30.3% 32,917 $429K
Focus Partners Wealth 0.00% New 32,875 $428K
Signaturefd, LLC 0.01% Add +1.9% 32,614 $425K
Vise Technologies, Inc. 0.01% Add +45.8% 32,091 $418K
Abel Hall, LLC 0.10% No change 32,000 $417K
Lester Murray Antman dba SimplyRich 0.11% Add +0.1% 31,846 $414K
Advocate Investing Services LLC 0.37% — 31,665 $413K
Clear Street Group Inc. 0.00% New 31,581 $412K
FIL Ltd 0.00% No change 31,025 $404K
Old Mission Capital LLC 0.02% New 30,703 $400K
Ballentine Partners, LLC 0.01% Add +7.2% 30,684 $400K
Tuttle Capital Management, LLC 0.88% New 30,627 $399K
Capital Markets Trading UK LLP 0.48% Reduce -87.7% 30,251 $394K
Snowden Capital Advisors LLC 0.01% Add +51.6% 29,711 $392K
Everstar Asset Management, LLC 0.21% No change 30,000 $391K
Hartree Partners, LP 0.14% New 30,000 $391K
Independent Financial Group, LLC 0.01% Add +76.0% 29,778 $388K
Janney Montgomery Scott LLC 0.00% Reduce -48.6% 29,218 $381K
Fulcrum Asset Management LLP 0.11% Reduce -9.1% 28,982 $380K
Captrust Financial Advisors 0.00% Add +44.8% 29,086 $379K
PNC Financial Services Group, Inc. 0.00% Add +2.2% 28,913 $377K
Virtus Advisers, LLC 0.18% New 28,456 $371K
Greenleaf Trust 0.00% No change 28,207 $368K
Comprehensive Money Management Services LLC 0.25% Reduce -2.4% 28,082 $366K
LVW Advisors, LLC 0.04% New 27,938 $364K
Wedmont Private Capital 0.01% Add +5.0% 25,460 $363K
Evergreen Capital Management LLC 0.01% Add +9.8% 25,049 $340K
PharVision Advisers, LLC 0.17% Add +112.2% 26,023 $339K
Marnell Management LLC 0.26% — 25,800 $336K
U.S. Capital Wealth Advisors, LLC 0.01% Reduce -2.4% 25,284 $329K
NewEdge Wealth, LLC 0.00% Add +18.7% 25,091 $327K
Bessemer Group Inc. 0.00% No change 24,929 $325K
Fort Washington Investment Advisors Inc. 0.00% Add +29.3% 24,923 $325K
MAI Capital Management 0.00% Add +5.2% 24,698 $322K
Generali Investments CEE, investicni spolecnost, a.s. 0.02% Reduce -41.6% 24,600 $321K
Intesa Sanpaolo Wealth Management 0.06% — 24,000 $313K
Merit Financial Group, LLC 0.00% Add +12.8% 23,832 $311K
Journey Strategic Wealth LLC 0.01% Add +26.6% 23,816 $310K
&partners 0.00% Add +13.1% 23,206 $302K
Bleakley Financial Group, LLC 0.01% Add +6.7% 22,984 $299K
CoreCommodity Management, LLC 0.06% No change 22,903 $298K
Shrier Wealth Management, LLC 0.12% — 22,677 $295K
Gould Asset Management LLC 0.05% No change 22,410 $292K
Steward Partners Investment Advisory, LLC 0.00% Add +18.3% 21,997 $287K
Cravens & Co Advisors, LLC 0.19% Reduce -0.4% 20,202 $285K
Walser Wealth Management Company, A Ltd Liability Co 0.15% — 21,456 $280K
Aaron Wealth Advisors LLC 0.02% New 21,429 $279K
Park Avenue Securities LLC 0.00% Add +58.0% 21,431 $279K
Oceanic Investment Management LTD 0.29% — 21,026 $274K
GTS Securities LLC 0.01% New 20,980 $273K
Capital Group Private Client Services, Inc. 0.00% Reduce -20.9% 20,963 $273K
Gateway Investment Advisers LLC 0.00% Add +2.7% 20,927 $273K
Mint Tower Capital Management B.V. 0.08% New 20,000 $261K
Larry Mathis Financial Planning, LLC 0.23% — 20,030 $261K
Inspire Advisors, LLC 0.02% Reduce -5.7% 20,025 $261K
AdvisorNet Financial, Inc 0.01% No change 19,632 $256K
PCM Encore, LLC 0.05% — 19,272 $251K
Moody National Bank Trust Division 0.02% Reduce -6.7% 19,072 $249K
Focused Alpha, LLC 0.07% — 18,917 $246K
Monument Capital Management 0.06% Add +45.3% 18,765 $245K
Agf Management Ltd. 0.00% Reduce -3.4% 18,293 $238K
SLT Holdings LLC 0.16% New 18,250 $238K
Pinpoint Asset Management (Singapore) Pte. Ltd. 0.05% New 18,087 $236K
Choreo, LLC 0.00% Add +6.6% 17,689 $232K
Graham Capital Management, L.P. 0.01% Reduce -54.0% 17,513 $228K
Octavia Wealth Advisors, LLC 0.02% Add +48.6% 17,175 $228K
Old National Bancorp 0.00% Add +23.4% 17,254 $225K
Parallel Advisors, LLC 0.00% Reduce -0.6% 17,252 $225K
Cornerstone Wealth Management, LLC 0.01% No change 16,849 $220K
Stirlingshire Investments, Inc. 0.19% — 15,939 $218K
Rehmann Capital Advisory Group 0.01% Add +49.6% 16,509 $215K
Deltec Asset Management LLC 0.04% No change 16,500 $215K
Freestone Capital Holdings, LLC 0.01% Add +0.3% 16,496 $215K
ExodusPoint Capital Management, LP 0.00% New 16,174 $211K
State of Wyoming 0.02% Add +17.5% 16,120 $210K
Advyzon Investment Management, LLC 0.02% New 15,887 $207K
Kestra Private Wealth Services, LLC 0.00% Add +0.0% 15,760 $205K
Aspen Grove Capital, LLC 0.04% Reduce -25.9% 15,438 $205K
Sowell Financial Services LLC 0.01% Reduce -14.5% 15,696 $205K
Sagespring Wealth Partners, LLC 0.00% Add +18.6% 15,693 $204K
Geneos Wealth Management Inc. 0.00% Reduce -32.6% 15,495 $202K
May Hill Capital, LLC 0.05% Add +18.9% 15,212 $198K
Blue Trust, Inc. 0.00% Reduce -5.9% 15,182 $198K
Union Bancaire Privee, UBP SA 0.00% Add +16.7% 16,000 $193K
Busey Bank 0.01% Reduce -7.8% 14,657 $191K
Traveka Wealth, LLC 0.08% New 14,630 $191K
Carrera Capital Advisors 0.03% Add +7.4% 13,961 $191K
Waverly Advisors, LLC 0.00% Add +12.4% 14,477 $189K
Frec Markets, Inc. 0.06% — 14,447 $188K
Intergy Private Wealth, LLC 0.05% Add +20.1% 13,851 $180K
Genus Capital Management Inc. 0.02% Reduce -16.0% 13,833 $180K
Boothbay Fund Management, LLC 0.00% New 13,706 $179K
Strategic Financial Concepts, LLC 0.16% New 13,700 $179K
Composition Wealth, LLC 0.00% Add +2.7% 13,523 $176K
Legacy Edge Advisors, LLC 0.02% New 13,500 $176K
National Philanthropic Trust 0.00% No change 13,294 $173K
Riversedge Advisors, LLC 0.03% New 12,938 $169K
New Millennium Group LLC 0.07% New 12,937 $169K
Texas Yale Capital Corp. 0.01% Add +24.0% 12,900 $168K
International Assets Investment Management, LLC 0.01% Reduce -17.5% 12,888 $168K
Sivia Capital Partners, LLC 0.03% Reduce -0.3% 12,733 $166K
Rexford Capital Inc. 0.12% No change 12,612 $164K
Geode Capital Management, LLC 0.00% Reduce -70.2% 12,597 $164K
Roehl & Yi Investment Advisors, LLC 0.06% Reduce -7.9% 12,447 $162K
Avestar Capital, LLC 0.01% Reduce -10.2% 11,818 $154K
Leavell Investment Management, Inc. 0.01% New 11,215 $149K
Parvin Asset Management, LLC 0.12% Add +1.6% 11,375 $148K
Atria Investments, Inc 0.00% Reduce -5.5% 11,270 $147K
Benjamin Edwards Inc. 0.00% Add +5.3% 11,051 $144K
Heritage Wealth Management, Inc. 0.04% No change 11,000 $143K
RMR Wealth Builders 0.01% No change 10,803 $141K
Kingswood Wealth Advisors, LLC 0.01% New 10,593 $138K
Vanguard Capital Wealth Advisors 0.11% New 10,500 $137K
Wilmington Savings Fund Society, FSB 0.00% No change 10,500 $137K
Signature Estate & Investment Advisors LLC 0.00% No change 10,496 $137K
Foster Group, Inc. 0.00% New 10,382 $135K
Larson Financial Group LLC 0.00% Add +390.6% 10,215 $133K
Baker Avenue Asset Management, LP 0.00% No change 10,200 $133K
West Family Investments, Inc. 0.03% No change 10,014 $130K
BNB Wealth Management, LLC 0.08% — 10,000 $130K
Trust Co. of Oklahoma 0.04% No change 10,000 $130K
Gabelli Funds LLC 0.00% No change 10,000 $130K
STRS Ohio 0.00% Reduce -14.9% 9,967 $130K
Capital Analysts, LLC 0.00% Add +32.8% 9,731 $127K
Cary Street Partners Financial LLC 0.00% No change 9,499 $124K
EverSource Wealth Advisors, LLC 0.00% Reduce -4.6% 9,167 $119K
Rakuten Securities, Inc. 0.04% Reduce -29.7% 8,283 $108K
Atlas Capital Advisors Inc. 0.01% — 8,134 $106K
Huntington National Bank 0.00% Add +72.3% 8,121 $106K
J.W. Cole Advisors, Inc. 0.00% Add +1.1% 10,969 $106K
Kelleher Financial Advisors 0.02% No change 5,907 $77K
Investors Research Corp 0.01% No change 5,500 $72K
Smartleaf Asset Management LLC 0.00% Add +1064.7% 5,311 $70K
GAMMA Investing LLC 0.00% Reduce -0.4% 4,483 $58K
Arax Advisory Partners 0.00% Add +1167.3% 4,372 $57K
Caitlin John, LLC 0.04% Add +85.4% 4,310 $56K
EFG International AG 0.00% — 4,000 $52K
Cornerstone Planning Group LLC 0.01% Add +15360.0% 3,092 $52K
Founders Capital Management 0.03% No change 3,800 $50K
Flagship Harbor Advisors, LLC 0.00% Reduce -73.2% 3,597 $47K
Chung Wu Investment Group, LLC 0.04% No change 3,500 $46K
Mountain Hill Investment Partners Corp. 0.03% Reduce -68.2% 3,500 $46K
Cary Street Partners Investment Advisory LLC 0.01% Add +18.9% 3,267 $43K
Cwm, LLC 0.00% Reduce -0.2% 3,190 $42K
Triumph Capital Management 0.01% New 3,085 $40K
Wealth Enhancement Trust Services, Inc. 0.00% — 3,000 $39K
Pension & Wealth Management Advisors, Inc. 0.01% No change 2,930 $38K
Credit Agricole S A 0.00% Reduce -96.7% 2,884 $38K
Bruce G. Allen Investments, LLC 0.02% New 2,514 $33K
Rosenberg Matthew Hamilton 0.01% No change 2,483 $32K
Harbour Investments, Inc. 0.00% Reduce -23.0% 2,436 $32K
Basecamp Wealth Advisors LLC 0.01% — 2,205 $29K
Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna 0.01% Add +128.3% 2,055 $27K
CIBC Private Wealth Group LLC 0.00% Reduce -13.0% 2,001 $26K
N.E.W. Advisory Services LLC 0.00% New 2,000 $26K
KERR FINANCIAL PLANNING Corp 0.03% No change 1,500 $25K
JFS Wealth Advisors, LLC 0.00% No change 1,836 $24K
Highline Wealth Partners LLC 0.01% Add +83.3% 1,699 $22K
Legal & General Group Plc 0.00% No change 1,694 $22K
Birchwood Financial Partners, Inc. 0.02% — 1,620 $21K
CENTRAL TRUST Co 0.00% No change 1,500 $20K
Brown Brothers Harriman & Co. 0.00% New 1,442 $19K
Nisa Investment Advisors, LLC 0.00% Add +5.8% 1,270 $17K
Hood River Capital Management LLC 0.00% New 1,300 $17K
IFP Advisors, Inc 0.00% Reduce -74.7% 1,251 $16K
Creative Financial Designs Inc. 0.00% No change 1,225 $16K
Bank of New Hampshire 0.00% No change 1,155 $15K
Islay Capital Management, LLC 0.01% No change 1,000 $13K
Financial Connections Group, Inc. 0.00% No change 1,000 $13K
HHM Wealth Advisors, LLC 0.00% New 700 $9K
Clearstead Advisors, LLC 0.00% New 700 $9K
Cape Investment Advisory, Inc. 0.00% Add +89.8% 670 $9K
Ameriflex Group, Inc. 0.00% New 600 $8K
Community Bank, N.A. 0.00% No change 600 $8K
Physician Wealth Advisors, Inc. 0.00% No change 589 $8K
Boreal Capital Management LLC 0.01% No change 560 $7K
TCTC Holdings, LLC 0.00% No change 560 $7K
Murphy & Mullick Capital Management Corp 0.00% No change 500 $7K
Financial Consulate, Inc. 0.00% New 500 $7K
Frazier Financial Advisors, LLC 0.00% Add +237.2% 499 $7K
Ancora Advisors LLC 0.00% New 480 $6K
True Wealth Design, LLC 0.00% No change 469 $6K
Bell Investment Advisors, Inc 0.00% No change 422 $5K
Clearstead Trust, LLC 0.00% New 415 $5K
Essential Investment Partners LLC 0.00% — 400 $5K
Hilltop National Bank 0.00% Reduce -35.1% 370 $5K
WealthCollab, LLC 0.00% No change 364 $5K
Rothschild Investment LLC 0.00% No change 335 $4K
Strategic Wealth Partners, Ltd. 0.00% No change 314 $4K
Gen-Wealth Partners Inc 0.00% Reduce -80.0% 300 $4K
Vision Retirement, LLC 0.00% — 300 $4K
Sound Income Strategies, LLC 0.00% No change 265 $4K
Rossby Financial, LCC 0.00% No change 297 $4K
Sittner & Nelson, LLC 0.00% No change 237 $4K
Tower Research Capital LLC (TRC) 0.00% Reduce -89.4% 293 $4K
Garner Asset Management Corp 0.00% New 275 $4K
DV Trading LLC 0.00% — 262 $3K
Grove Bank & Trust 0.00% No change 250 $3K
Anchor Investment Management, LLC 0.00% No change 250 $3K
Sunbelt Securities, Inc. 0.00% No change 250 $3K
IMA Advisory Services, Inc. 0.00% New 241 $3K
Ninepoint Partners LP 0.00% New 228 $3K
Bank & Trust Co 0.00% No change 200 $3K
Parkside Financial Bank & Trust 0.00% No change 188 $2K
MPWM Advisory Solutions, LLC 0.00% No change 173 $2K
SOA Wealth Advisors, LLC. 0.00% No change 170 $2K
Motiv8 Investments LLC 0.00% New 139 $2K
Wealth Preservation Advisors, LLC 0.00% New 150 $2K
Bayforest Capital Ltd 0.00% New 114 $1K
Raffa Wealth Management, LLC 0.00% No change 106 $1K
Elyxium Wealth, LLC 0.00% New 105 $1K
USCF Advisers LLC 0.25% No change 100 $1K
Cedar Wealth Management, LLC 0.00% No change 100 $1K
Stone House Investment Management, LLC 0.00% No change 100 $1K
SageView Advisory Group, LLC 0.00% New 100 $1K
Thurston, Springer, Miller, Herd & Titak, Inc. 0.00% New 98 $1K
Hollencrest Capital Management 0.00% No change 69 $899
NFJ Investment Group, LLC 0.00% No change 55 $717
Cornerstone Financial Management LLC 0.00% — 51 $665
NBT Bank, N.A. 0.00% Add +18.2% 13 $652
Flagship Wealth Advisors, LLC 0.00% No change 47 $613
Private Trust Co. NA 0.00% No change 40 $517
Accordant Advisory Group Inc 0.00% Reduce -92.8% 36 $470
Abound Wealth Management 0.00% No change 30 $391
Root Financial Partners, LLC 0.00% No change 18 $235
MTM Investment Management, LLC 0.00% No change 12 $156
Ankerstar Wealth, LLC 0.00% — 9 $119
Vermillion Wealth Management, Inc. 0.00% New 2 $26

"% of holder's portfolio" is VALE's weight in each manager's 13F, not the share of Vale SA-SP ADR the manager owns.