Who owns Banco Bradesco (BBD)
Which tracked institutional funds hold BBD, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See BBD company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
38 tracked funds added or opened BBD while 76 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
BBD’s largest tracked holder by dollar value, Aquamarine Financial (Cayman) Ltd, sizes it at 35.8% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 35.8pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in BBD divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 273 tracked filers holding BBD, 128 increased or opened the position and 179 reduced or closed it; over the same quarter, open-market insider Form 4s were net sales.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in BBD between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 10
- Empowered Funds, LLC$18M
- Carrhae Capital LLP$16M
- Point72 Asset Management, L.P.$7M
- Nykredit A/S$4M
- MONECO ADVISORS, LLC$1M
- ABS Investment Management LLC$1M
Full exits 20
- Amundi$90M
- NOMURA ASSET MANAGEMENT INTERNATIONAL INC.$71M
- NATIXIS ADVISORS, LLC$61M
- ACADIAN ASSET MANAGEMENT LLC$40M
- Moerus Capital Management LLC$31M
- BESSEMER GROUP INC$21M
Largest adds
- Aquamarine Financial (Cayman) Ltd$60M
- GOLDMAN SACHS GROUP INC$58M
- BANK OF AMERICA CORP /DE/$41M
- D. E. Shaw & Co., Inc.$27M
- MORGAN STANLEY$21M
- UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC$19M
Largest trims
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/$107M
- TWO SIGMA INVESTMENTS, LP$64M
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$45M
- Grantham, Mayo, Van Otterloo & Co. LLC$32M
- WELLINGTON MANAGEMENT GROUP LLP$31M
- ARGA Investment Management, LP$29M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Aquamarine Financial (Cayman) Ltd added | 186,948,134 | $649M | 16.7% | 2026-Q2 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 73,499,659 | $255M | 6.5% | 2026-Q2 |
| ARGA Investment Management, LP trimmed | 70,717,908 | $245M | 6.3% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 70,716,729 | $245M | 6.3% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 61,519,822 | $213M | 5.5% | 2026-Q2 |
| Fisher Asset Management, LLC trimmed | 51,497,981 | $179M | 4.6% | 2026-Q2 |
| FRANKLIN RESOURCES INC added | 48,465,825 | $168M | 4.3% | 2026-Q2 |
| BlackRock, Inc. trimmed | 43,481,153 | $151M | 3.9% | 2026-Q2 |
| Itau Unibanco Holding S.A. trimmed | 42,672,528 | $148M | 3.8% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 41,479,480 | $144M | 3.7% | 2026-Q2 |
| BAILLIE GIFFORD & CO trimmed | 34,838,542 | $121M | 3.1% | 2026-Q2 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 33,842,585 | $119M | 3.1% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP trimmed | 31,169,059 | $108M | 2.8% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 26,696,112 | $93M | 2.4% | 2026-Q2 |
| EARNEST PARTNERS LLC added | 22,942,199 | $80M | 2.0% | 2026-Q2 |
| MARSHALL WACE, LLP added | 18,735,839 | $65M | 1.7% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 17,095,421 | $59M | 1.5% | 2026-Q2 |
| MORGAN STANLEY added | 14,506,626 | $50M | 1.3% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 13,916,855 | $49M | 1.2% | 2026-Q2 |
| SEI INVESTMENTS CO trimmed | 13,413,039 | $47M | 1.2% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 12,505,860 | $43M | 1.1% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC | 12,481,466 | $43M | 1.1% | 2026-Q2 |
| STATE STREET CORP trimmed | 11,515,564 | $42M | 1.1% | 2026-Q2 |
| D. E. Shaw & Co., Inc. added | 10,616,935 | $37M | 0.9% | 2026-Q2 |
| Russell Investments Group, Ltd. trimmed | 9,628,742 | $33M | 0.9% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 8,902,294 | $31M | 0.8% | 2026-Q2 |
| SPX Gestao de Recursos Ltda trimmed | 8,863,299 | $31M | 0.8% | 2026-Q2 |
| BAMCO INC /NY/ trimmed | 7,302,361 | $25M | 0.7% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 6,612,266 | $23M | 0.6% | 2026-Q2 |
| STOREBRAND ASSET MANAGEMENT AS | 6,162,116 | $21M | 0.5% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 5,391,017 | $19M | 0.5% | 2026-Q2 |
| Empowered Funds, LLC added | 5,321,870 | $18M | 0.5% | 2026-Q2 |
| NEW YORK STATE COMMON RETIREMENT FUND | 5,158,901 | $18M | 0.5% | 2026-Q2 |
| Optiver Holding B.V. trimmed | 4,884,142 | $17M | 0.4% | 2026-Q2 |
| MACKENZIE FINANCIAL CORP trimmed | 4,563,270 | $16M | 0.4% | 2026-Q2 |
| Carrhae Capital LLP trimmed | 4,484,271 | $16M | 0.4% | 2026-Q2 |
| HSBC HOLDINGS PLC added | 4,358,496 | $15M | 0.4% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 4,328,049 | $15M | 0.4% | 2026-Q2 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC added | 4,230,899 | $13M | 0.3% | 2026-Q2 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | 4,054,139 | $14M | 0.4% | 2026-Q2 |
| UBS Group AG trimmed | 3,965,148 | $14M | 0.4% | 2026-Q2 |
| Perpetual Ltd trimmed | 3,599,934 | $12M | 0.3% | 2026-Q2 |
| Tredje AP-fonden trimmed | 3,485,119 | $12M | 0.3% | 2026-Q2 |
| Legal & General Group Plc trimmed | 3,103,748 | $11M | 0.3% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 2,826,694 | $10M | 0.3% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 2,729,349 | $9M | 0.2% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 2,696,897 | $9M | 0.2% | 2026-Q2 |
| SCHRODER INVESTMENT MANAGEMENT GROUP trimmed | 2,508,763 | $9M | 0.2% | 2026-Q2 |
| Promethos Capital, LLC added | 2,470,052 | $9M | 0.2% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 2,364,843 | $8M | 0.2% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 2,208,456 | $8M | 0.2% | 2026-Q2 |
| Boston Partners added | 2,108,389 | $7M | 0.2% | 2026-Q2 |
| Point72 Asset Management, L.P. trimmed | 2,073,726 | $7M | 0.2% | 2026-Q2 |
| LARCH CAPITAL PARTNERS LLC | 1,977,980 | $7M | 0.2% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 1,860,623 | $6M | 0.2% | 2026-Q2 |
| Man Group plc trimmed | 1,836,431 | $6M | 0.2% | 2026-Q2 |
| Truffle Hound Capital, LLC trimmed | 1,500,000 | $5M | 0.1% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC added | 1,111,119 | $4M | 0.1% | 2026-Q2 |
| Nykredit A/S new | 1,082,280 | $4M | 0.1% | 2026-Q2 |
| DEUTSCHE BANK AG\ trimmed | 839,433 | $3M | 0.1% | 2026-Q2 |
| Aquatic Capital Management LLC trimmed | 647,411 | $2M | 0.1% | 2026-Q2 |
| BAROMETER CAPITAL MANAGEMENT INC. added | 629,600 | $2M | 0.1% | 2026-Q2 |
| BARCLAYS PLC trimmed | 625,976 | $2M | 0.1% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 623,442 | $2M | 0.1% | 2026-Q2 |
| STRS OHIO trimmed | 584,446 | $2M | 0.1% | 2026-Q2 |
| Grantham, Mayo, Van Otterloo & Co. LLC trimmed | 565,759 | $2M | 0.1% | 2026-Q2 |
| BTG Pactual Asset Management US LLC added | 524,086 | $2M | 0.0% | 2026-Q2 |
| WINTON GROUP Ltd trimmed | 502,200 | $2M | 0.0% | 2026-Q2 |
| Daiwa Securities Group Inc. added | 495,435 | $2M | 0.0% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO | 488,038 | $2M | 0.0% | 2026-Q2 |
| Artemis Investment Management LLP | 481,872 | $2M | 0.0% | 2026-Q2 |
| Leonteq Securities AG added | 479,288 | $2M | 0.0% | 2026-Q2 |
| LONGFELLOW INVESTMENT MANAGEMENT CO LLC trimmed | 473,130 | $2M | 0.0% | 2026-Q2 |
| Vident Advisory, LLC added | 467,644 | $2M | 0.0% | 2026-Q2 |
| LAZARD ASSET MANAGEMENT LLC trimmed | 465,235 | $2M | 0.0% | 2026-Q2 |
| Quadrature Capital Ltd added | 424,943 | $1M | 0.0% | 2026-Q2 |
| Caprock Group, LLC trimmed | 398,991 | $1M | 0.0% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 394,802 | $1M | 0.0% | 2026-Q2 |
| FACTORY MUTUAL INSURANCE CO added | 388,313 | $1M | 0.0% | 2026-Q2 |
| MONECO ADVISORS, LLC new | 375,813 | $1M | 0.0% | 2026-Q2 |
| B. Metzler seel. Sohn & Co. AG added | 367,598 | $1M | 0.0% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 366,802 | $1M | 0.0% | 2026-Q2 |
| Invesco Ltd. added | 366,625 | $1M | 0.0% | 2026-Q2 |
| ABS Investment Management LLC new | 366,000 | $1M | 0.0% | 2026-Q2 |
| ABS Direct Equity Fund LLC added | 366,000 | $1M | 0.0% | 2026-Q2 |
| RHUMBLINE ADVISERS trimmed | 363,853 | $1M | 0.0% | 2026-Q2 |
| Banco Santander, S.A. added | 363,646 | $1M | 0.0% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 359,129 | $1M | 0.0% | 2026-Q2 |
| SCS Capital Management LLC added | 343,537 | $1M | 0.0% | 2026-Q2 |
| Mariner, LLC trimmed | 335,565 | $1M | 0.0% | 2026-Q2 |
| Squarepoint Ops LLC trimmed | 327,514 | $1M | 0.0% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 323,964 | $1M | 0.0% | 2026-Q2 |
| TWO SIGMA SECURITIES, LLC added | 306,598 | $1M | 0.0% | 2026-Q2 |
| PROFUND ADVISORS LLC trimmed | 301,608 | $1M | 0.0% | 2026-Q2 |
| Eurizon Capital SGR S.p.A. new | 296,053 | $1M | 0.0% | 2026-Q2 |
| CITIGROUP INC trimmed | 293,535 | $1M | 0.0% | 2026-Q2 |
| J. Safra Sarasin Holding AG new | 280,500 | $974K | 0.0% | 2026-Q2 |
| Pavaki Capital Management LLC | 264,336 | $917K | 0.0% | 2026-Q2 |
| Mirae Asset Global Investments Co., Ltd. trimmed | 257,969 | $895K | 0.0% | 2026-Q2 |
| ALTFEST L J & CO INC added | 251,431 | $872K | 0.0% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.