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: Quarter ended March 31, 2018
Context: This filing discloses the equity securities held by the investment manager at the end of the reporting period. It is a regulatory disclosure of portfolio composition, not a financial performance report of the bank itself.
Key Financial Metrics and Portfolio Composition
Revenue, Profit, Cash Flow, Margins, Debt, Liquidity: The filing text does not provide a clear value for these metrics. Form 13F filings report asset holdings, not the operating financial results of the reporting institution.
Portfolio Overview: The table lists hundreds of equity positions, including common stocks, preferred stocks, and exchange-traded funds (ETFs). Voting authority is categorized as "Sole," "Shared," or "None" (indicated as "DFND" or "0" in the text).
| Issuer | Class/Type | Shares Held | Voting Authority |
|---|---|---|---|
| Apple Inc. | Common | 258,379 | None (DFND) |
| Ambev S.A. | Sponsored ADR | 20,527,728 | Sole (911,175) |
| Itau Unibanco Holding S.A. | Sponsored ADR (Pref) | 3,009,767 | Sole (1,957,931) |
| Petroleo Brasileiro S.A. (Petrobras) | Sponsored ADR | 2,154,063 | Sole (909,409) |
| Vale S.A. | ADR | 2,408,477 | Sole (1,308,935) |
| SPDR S&P 500 ETF Trust | Trust Unit | 1,117,443 | Sole (705,574) |
Material Changes
The filing text does not provide a clear value for material changes versus the prior comparable period. Form 13F tables list holdings at a specific point in time and do not include comparative data or change analysis within the document text.
Guidance, Outlook, and Risks
Guidance and Outlook: The filing text does not provide a clear value. This form does not contain management commentary, forward-looking statements, or financial guidance.
Risks and Contingencies: The filing text does not provide a clear value. No risk factors or contingencies are disclosed in this specific document.
Unusual Items: The portfolio includes significant holdings in Brazilian equities (Ambev, Petrobras, Vale, Itau Unibanco) and a diverse range of global ETFs (iShares, WisdomTree, SPDR), indicating a broad international exposure strategy.
Investor Verification Checklist
- Portfolio Concentration: Verify the total market value of the disclosed holdings to understand the scale of the investment portfolio relative to the bank's total assets.
- Self-Holding: Note the significant position in Itau Unibanco Holding S.A. preferred shares (3,009,767 shares) and confirm if this represents treasury stock or external investment.
- Geographic Exposure: Assess the concentration risk in Brazilian ADRs (Ambev, Petrobras, Vale, Embraer) versus US and European equities.
- Derivatives: Review the "Put/Call" column for derivative positions (e.g., Call options on iShares MSCI Brazil ETF) to understand hedging strategies.
- Voting Rights: Distinguish between "Sole" and "DFND" (Discretionary/None) voting authority to determine the extent of active governance influence.