SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Itau Unibanco Holding S.A.
Filing Type: Form 13F Information Table (Statement of Holdings)
Reporting Period: The filing metadata indicates a date of March 31, 2026. However, the document text itself does not explicitly state the quarter end date or the specific filing date, only the standard SEC header. The data represents the portfolio holdings of the reporting manager as of the end of the reporting period.
Key Financial Metrics and Portfolio Composition
This filing details the equity securities held by Itau Unibanco Holding S.A. It does not report the company's own revenue, profit, or cash flow. Instead, it lists the value and quantity of external investments.
- Top Holdings by Value (Selected):
- Amazon.com Inc: 367,334 shares (Sole Discretion) valued at approximately $84.8 million.
- Alphabet Inc (Class A): 170,647 shares (Sole Discretion) valued at approximately $53.4 million.
- Apple Inc: 230,420 shares (Sole Discretion) valued at approximately $62.6 million.
- Nvidia Corp: 488,672 shares (Sole Discretion) valued at approximately $91.1 million.
- Microsoft Corp: 117,657 shares (Sole Discretion) valued at approximately $56.9 million.
- Significant Domestic/LatAm Holdings:
- Petroleo Brasileiro SA (Petrobras): Multiple tranches totaling over 29 million shares (Sole and Shared Discretion).
- Itau Unibanco Holding S.A. (Self-Holding): 21,106,153 shares held with Shared Discretion.
- Banco Bradesco S.A.: Over 46 million shares held with Shared Discretion.
- Vale S.A.: Over 10 million shares held with Shared Discretion.
- ETF Exposure: Significant holdings in various ETFs including iShares (MSCI Emerging Markets, S&P 500, Gold Trust) and SPDR Trusts.
Material Changes and Voting Authority
The filing distinguishes between voting authority types:
- Sole Discretion: The manager has sole authority to vote the shares (e.g., Amazon, Alphabet, Nvidia).
- Shared Discretion: Voting authority is shared with other parties (e.g., Banco Bradesco, Petrobras, Itau Unibanco self-holdings).
- None: The manager has no voting authority (e.g., certain call options or specific tranches).
Note: As this is a static snapshot of holdings, the text does not provide a comparative table against the prior quarter to quantify material increases or decreases in specific positions.
Guidance, Risks, and Contingencies
Management Commentary: None provided. Form 13F is a regulatory disclosure of holdings and does not contain management discussion or analysis (MD&A).
Risks and Contingencies: The filing includes a standard disclaimer that the SEC has not reviewed the information for accuracy. The portfolio is heavily weighted toward large-cap technology (US) and financial/energy sectors (LatAm), implying exposure to sector-specific volatility and currency risk regarding Brazilian assets.
Unusual Items: The filing lists holdings in call options (e.g., Best Buy, Intel, NextEra Energy) alongside common stock, indicating active derivatives usage.
Investor Verification Checklist
- Verify the exact reporting period end date, as the metadata suggests 2026 while the text lacks a specific date stamp.
- Confirm the total aggregate value of the portfolio by summing the "Value" column, as the filing does not provide a total portfolio value summary.
- Review the "Shared Discretion" holdings (e.g., Petrobras, Bradesco) to understand the extent of joint control or custodial arrangements.
- Check for any subsequent filings (13F-HR or 13F-A) that may amend these positions.
- Validate the currency of the "Value" column (typically USD for 13F filings) against current exchange rates for the ADR holdings.