Vale S.A.

VALE • XNYS

Vale S.A. is a publicly traded company on XNYS. As of Q3 2025, 434 institutional investors hold shares in this company, with total holdings valued at $7.6B. BlackRock, Inc. is the largest holder with a position valued at $692.4M.

Overview

Overview of institutional ownership in VALE as of Q3 2025

All Institutions

Institutions: 434
Value Held: $7.6B
Shares Held: 695.7M
Avg Position: $17.4M
Median Position: $463.8K

Hedge Funds

Hedge Funds: 40
Value Held: $617.8M
Shares Held: 56.9M
Avg Position: $15.4M
Median Position: $2.4M

Biggest Investors

Institutions with the largest positions in VALE as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$692.4M 0.01% of portfolio	0.00% 63.8M shares	Q4 2022 Held for 2y 11m	$5.67T
C Capital World Investors Institution	-	$613.1M 0.08% of portfolio	0.00% 56.5M shares	Q4 2022 Held for 2y 11m	$730.00B
FMR LLC Institution	-	$599.7M 0.03% of portfolio	0.00% 55.2M shares	Q4 2022 Held for 2y 11m	$1.92T
C Capital International Investors Institution	-	$501.7M 0.08% of portfolio	0.00% 46.2M shares	Q4 2022 Held for 2y 11m	$615.90B
GQG Partners LLC Long Only Manager	Timothy Jacob Carver CEO	$496.7M 0.76% of portfolio	0.00% 45.7M shares	Q4 2022 Held for 2y 11m	$65.1B
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$314.5M 0.05% of portfolio	0.00% 29.0M shares	Q4 2022 Held for 2y 11m	$633.08B
LAZARD ASSET MANAGEMENT LLC Long Only Manager	Evan Lawrence Russo CEO	$241.9M 0.33% of portfolio	0.00% 22.3M shares	Q3 2025 Held for 2 months	$74.1B
F Fisher Asset Management, LLC Institution	-	$236.1M 0.09% of portfolio	0.00% 21.7M shares	Q1 2023 Held for 2y 8m	$276.29B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$184.2M 0.01% of portfolio	0.00% 17.0M shares	Q4 2022 Held for 2y 11m	$1.33T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$155.2M 0.01% of portfolio	0.00% 14.3M shares	Q4 2022 Held for 2y 11m	$1.65T

Net Capital Flow

Institutional buying and selling activity for VALE in Q3 2025

Traded: +$665.4M
Buyers: 252
Sellers: 178
Total Bought: +$1.5B
Total Sold: −$806.5M
Avg Position: $15.3M

Biggest Buyers

Institution	Net Bought	Current Position
LAZARD ASSET MANAGEMENT LLC Long Only Manager	+$241.9M +2.2M shares	$241.9M 22.3M shares
B BlackRock, Inc. Institution	+$102.5M +9.4M shares	$692.4M 63.8M shares
S SPX Equities Gestao de Recursos Ltda Institution	+$90.4M +8.3M shares	$120.2M 11.1M shares
C Capital World Investors Institution	+$72.1M +6.6M shares	$613.1M 56.5M shares
BANK OF AMERICA CORP /DE/ Institution	+$68.8M +6.3M shares	$184.2M 17.0M shares
Marshall Wace LLP Institution	+$66.0M +6.1M shares	$99.6M 9.2M shares
R RWC ASSET ADVISORS LLC Institution	+$65.0M +6.0M shares	$65.0M 6.0M shares
Invesco Ltd. ETF Provider	+$45.1M +4.2M shares	$314.5M 29.0M shares
M Man Group plc Institution	+$44.3M +4.1M shares	$44.9M 4.1M shares
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	+$43.9M +4.0M shares	$88.9M 8.2M shares

Biggest Sellers

Institution	Net Sold	Current Position
FMR LLC Institution	−$339.7M −31.3M shares	$599.7M 55.2M shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	−$72.8M −6.7M shares	$104.2M 9.6M shares
O Orbis Allan Gray Ltd RIA/Wealth	−$66.2M −6.1M shares	$147.4M 13.6M shares
MORGAN STANLEY RIA/Wealth	−$59.2M −5.5M shares	$155.2M 14.3M shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$35.7M −3.3M shares	$79.9M 7.4M shares
GOLDMAN SACHS GROUP INC Institution	−$26.3M −2.4M shares	$136.2M 12.5M shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$24.4M −2.2M shares	$68.4M 6.3M shares
I Itau Unibanco Holding S.A. Institution	−$12.0M −1.1M shares	$64.8M 6.0M shares
CITIGROUP INC Institution	−$11.6M −1.1M shares	$11.2M 1.0M shares
Compass Rose Asset Management, LP Hedge Fund•Credit Arb	−$10.7M −1.1M shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited VALE in Q3 2025

New Positions: 39
New Value: $301.9M
Exited Positions: 60
Exited Value: $41.6M

New Positions

Institution	Position Value
LAZARD ASSET MANAGEMENT LLC Long Only Manager	$241.9M 22.3M shares
BARCLAYS PLC Institution	$27.8M 2.6M shares
Monaco Asset Management SAM RIA/Wealth	$15.5M 1.4M shares
MML INVESTORS SERVICES, LLC RIA/Wealth	$2.7M 250.3K shares
H Himension Fund Institution	$1.8M 162.9K shares
ABBINGTON INVESTMENT GROUP RIA/Wealth	$1.6M 147.7K shares
S SIG BROKERAGE, LP Institution	$1.6M 143.8K shares
Advisory Resource Group RIA/Wealth	$1.4M 132.1K shares
W Waterfront Wealth Inc. RIA/Wealth	$894.3K 77.7K shares
I Ion Asset Management Ltd. Institution	$888.3K 81.8K shares

Exited Positions

Institution	Previous Position
Compass Rose Asset Management, LP Hedge Fund•Credit Arb	$10.7M 1.1M shares
C Contrarius Group Holdings Ltd Institution	$8.6M 888.4K shares
Northwest Bancshares, Inc. Institution	$3.8M 396.3K shares
VGI PARTNERS PTY Ltd Hedge Fund•Long/Short	$3.8M 391.9K shares
C CANTOR FITZGERALD, L. P. Institution	$2.7M 277.7K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$2.3M 240.5K shares
Robeco Investment Management, Inc. Long Only Manager	$1.6M 160.0K shares
SYNTAX RESEARCH, INC. Long Only Manager	$1.4M 140.0K shares
Engineers Gate Manager LP Hedge Fund•Quant	$816.9K 84.1K shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	$651.2K 67.1K shares

Options Activity

Institutions with the largest Call and Put options positions in VALE as of Q3 2025

Call Positions: 29
Call Value: $552.1M
Put Positions: 22
Put Value: $472.0M

Call Positions

Institution	Position Value
UBS Group AG Institution	$109.2M 100.6K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$83.6M 77.0K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$77.6M 71.5K contracts
GOLDMAN SACHS GROUP INC Institution	$47.4M 43.7K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$40.1M 36.9K contracts
N NOMURA HOLDINGS INC Institution	$35.6M 32.7K contracts
D D. E. Shaw & Co., Inc. Institution	$33.5M 30.8K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$31.4M 28.9K contracts
J JANE STREET GROUP, LLC Institution	$21.0M 19.3K contracts
CITIGROUP INC Institution	$16.4M 15.1K contracts

Put Positions

Institution	Position Value
GOLDMAN SACHS GROUP INC Institution	$135.8M 125.1K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$132.8M 122.3K contracts
UBS Group AG Institution	$47.0M 43.2K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$39.5M 36.3K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$24.3M 22.4K contracts
Walleye Trading LLC RIA/Wealth	$16.5M 15.2K contracts
B BNP PARIBAS ARBITRAGE, SA Institution	$15.3M 140.7 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$11.6M 10.7K contracts
J JANE STREET GROUP, LLC Institution	$10.4M 9.6K contracts
D D. E. Shaw & Co., Inc. Institution	$7.2M 6.6K contracts

Most Committed Institutions

Institutions with VALE as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Kawa Capital Management, Inc Hedge Fund•Multi-Strategy	Daniel Ades CEO	20.08% $11.1M	0.00% 1.0M shares	Q2 2025 Held for 5 months	$55.2M
Turim 21 Investimentos Ltda. RIA/Wealth	Leonardo Martins Moraes CEO	12.42% $34.0M	0.00% 3.1M shares	Q4 2022 Held for 2y 11m	$273.8M
R RWC ASSET ADVISORS LLC Institution	-	10.64% $65.0M	0.00% 6.0M shares	Q3 2025 Held for 2 months	$610.9M
S SPX Equities Gestao de Recursos Ltda Institution	-	10.12% $120.2M	0.00% 11.1M shares	Q1 2013 Held for 12y 8m	$1.2B
CONTRARIAN CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Distressed	Jon Robert Bauer Managing Partner	10.10% $38.6M	0.00% 3.6M shares	Q4 2022 Held for 2y 11m	$382.0M
NINE MASTS CAPITAL Ltd Institution	Trevor Kiaran Ka-Chi Li CFO	7.47% $16.1M	0.00% 466.0K shares	Q3 2024 Held for 1y 2m	$215.0M
Monaco Asset Management SAM RIA/Wealth	Kirstin Lynn Hark Director	6.03% $15.5M	0.00% 1.4M shares	Q3 2025 Held for 2 months	$256.5M
Moneda S.A. Administradora General de Fondos Institution	Jasleen Kaur Bains CCO	4.29% $3.9M	0.00% 321.7K shares	Q4 2022 Held for 2y 11m	$90.6M
Kiltearn Partners LLP Long Only Manager	Murdoch Ross Murchison CEO	3.04% $15.1M	0.00% 1.4M shares	Q2 2023 Held for 2y 5m	$498.9M
D DYNAMO INTERNACIONAL GESTAO DE RECURSOS LTDA. Institution	-	2.53% $4.0M	0.00% 367.9K shares	Q1 2022 Held for 3y 8m	$158.1M

Hedge Fund Spotlight

Discover hedge funds investing in VALE

Kawa Capital Management, Inc

Hedge Fund • Multi-Strategy

Portfolio ManagerDaniel Ades

Portfolio Value: $55.2M
Positions: 5
Last Reported: Q3 2025

Sector Allocation

Position in Vale S.A.

Market Value: $11.1M
Shares Held: 1.0M
Portfolio Weight: 20.08%
Owned Since: 2025-Q2

Top Holding	Sector	Market Value	Weight
1 Brandywine Realty Trust BDN	REIT - Office Real Estate	$16.4M	29.66%
2 Orion Office REIT ONL	REIT - Office Real Estate	$14.8M	26.79%
3 Vale S.A. VALE	Unknown Unknown	$11.1M	20.08%