Vault-13

BANCO BRADESCO S A BBD

SP ADR PFD NEW · ADR · CUSIP 059460303 · ISIN US0594603039

Brazilian banking institution

230 institutional holders +9 vs Q1 2023
878,396,754878.4m shares reported held*
$3.0bnreported value*
34 new 93 added 62 reduced 28 sold out net sold ≈ $15.6m (-4.7m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($1.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $3.42. Options: 13 managers hold calls ($16.4m notional), 12 hold puts ($30.9m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 240Q4 22: 218Q1 23: 221Q2 23: 230230Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022240
Q4 2022218
Q1 2023221
Q2 2023230

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 22: 109 bought or addedQ4 22: 136 cut or sold outQ4 22Q1 23: 129 bought or addedQ1 23: 90 cut or sold outQ1 23Q2 23: 127 bought or addedQ2 23: 90 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022109136
Q1 202312990
Q2 202312790

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$20m$40m$60m$80mQ3 22 calls: $32.8mQ3 22 puts: $62.6mQ3 22P/C 1.91Q4 22 calls: $19.7mQ4 22 puts: $47.9mQ4 22P/C 2.43Q1 23 calls: $9.8mQ1 23 puts: $21.5mQ1 23P/C 2.19Q2 23 calls: $16.4mQ2 23 puts: $30.9mQ2 23P/C 1.89
Numbers
QuarterCallsPutsP/C
Q3 2022$32.8m$62.6m1.91
Q4 2022$19.7m$47.9m2.43
Q1 2023$9.8m$21.5m2.19
Q2 2023$16.4m$30.9m1.89

Biggest buyers

OAKTREE CAPITAL MANAGEMENT LP Added +9,521,068+9.5m
GOLDMAN SACHS GROUP INC Added +8,061,854+8.1m
WELLINGTON MANAGEMENT GROUP LLP Added +7,551,903+7.6m
Russell Investments Group, Ltd. Added +6,075,854+6.1m
MILLENNIUM MANAGEMENT LLC Added +4,497,184+4.5m
Gemsstock Ltd. New +4,001,310+4.0m
CITADEL ADVISORS LLC Added +3,528,426+3.5m
JPMORGAN CHASE & CO Added +2,937,334+2.9m
RENAISSANCE TECHNOLOGIES LLC Added +2,559,777+2.6m
SCHRODER INVESTMENT MANAGEMENT GROUP Added +2,492,598+2.5m

Biggest sellers

Harding Loevner LP Reduced -24,217,390-24.2m
CAUSEWAY CAPITAL MANAGEMENT LLC Reduced -10,902,527-10.9m
BlackRock Inc. Reduced -6,476,610-6.5m
MACQUARIE GROUP LTD Reduced -3,806,706-3.8m
SPRUCEGROVE INVESTMENT MANAGEMENT LTD Reduced -3,457,339-3.5m
Perpetual Ltd Reduced -2,597,507-2.6m
CREDIT SUISSE AG/ Reduced -2,544,359-2.5m
VANGUARD GROUP INC Reduced -2,156,983-2.2m
FRANKLIN RESOURCES INC Reduced -2,085,754-2.1m
Aberdeen Group plc Reduced -1,512,451-1.5m

Biggest calls

Optiver Holding B.V. Added $7.5m2.2m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.7m769.6k shares
GROUP ONE TRADING LLC Added $2.2m646.4k shares
SIMPLEX TRADING, LLC Added $1.6m470.4k shares
CITADEL ADVISORS LLC Added $1.4m393.3k shares
Walleye Trading LLC Added $450.1k130.1k shares
PEAK6 Investments LLC New $214.5k62.0k shares
WOLVERINE TRADING, LLC Added $154.3k46.2k shares
JANE STREET GROUP, LLC Reduced $98.6k28.5k shares
MILLENNIUM MANAGEMENT LLC Added $79.6k23.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $11.2m3.2m shares
Optiver Holding B.V. Reduced $9.2m2.7m shares
GOLDMAN SACHS GROUP INC Added $4.2m1.2m shares
PEAK6 Investments LLC Unchanged $1.9m550.0k shares
SIMPLEX TRADING, LLC Added $1.7m500.8k shares
CITADEL ADVISORS LLC Reduced $1.3m373.3k shares
Walleye Trading LLC Added $773.0k223.4k shares
GROUP ONE TRADING LLC Reduced $409.7k118.4k shares
WOLVERINE TRADING, LLC Added $186.4k55.8k shares
JANE STREET GROUP, LLC Reduced $70.2k20.3k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Insider purchases and sales in Q2 2023

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q2 2023.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SPRUCEGROVE INVESTMENT MANAGEMENT LTD 15.28% of their portfolio TORONTO, A6 84,652,37684.7m $292.9m $292.9m 15.28% Reduced -3.5m -3,457,339
2 BlackRock Inc. 0.01% of their portfolio New York, NY 65,631,65565.6m $227.1m $227.1m 0.01% Reduced -6.5m -6,476,610
3 Aberdeen Group plc 0.52% of their portfolio EDINBURGH, X0 65,012,92665.0m $224.9m $224.9m 0.52% Reduced -1.5m -1,512,451
4 WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio Boston, MA 60,600,92760.6m $209.7m $209.7m 0.04% Added +7.6m +7,551,903
5 BAILLIE GIFFORD & CO 0.16% of their portfolio EDINBURGH, X0 54,548,28454.5m $188.7m $188.7m 0.16% Reduced -1.1m -1,128,514
6 FRANKLIN RESOURCES INC 0.08% of their portfolio San Mateo, CA 50,594,93550.6m $175.1m $175.1m 0.08% Reduced -2.1m -2,085,754
7 CAUSEWAY CAPITAL MANAGEMENT LLC 4.07% of their portfolio LOS ANGELES, CA 44,667,15044.7m $154.5m $154.5m 4.07% Reduced -10.9m -10,902,527
8 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio NEW YORK, NY 40,999,31541.0m $107.4m $107.4m 0.05% Unchanged
9 OAKTREE CAPITAL MANAGEMENT LP 1.44% of their portfolio LOS ANGELES, CA 30,815,31930.8m $106.6m $106.6m 1.44% Added +9.5m +9,521,068
10 Perpetual Ltd 0.75% of their portfolio SYDNEY, NEW SOUTH WALES, C3 25,286,32825.3m $87.5m $87.5m 0.75% Reduced -2.6m -2,597,507
11 Fisher Asset Management, LLC 0.05% of their portfolio PLANO, TX 24,858,43024.9m $86.0m $86.0m 0.05% Added +268.0k +268,033
12 Russell Investments Group, Ltd. 0.16% of their portfolio Seattle, WA 23,880,40223.9m $82.6m $82.6m 0.16% Added +6.1m +6,075,854
13 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 22,238,94822.2m $76.9m $76.9m 0.02% Added +8.1m +8,061,854
14 EARNEST PARTNERS LLC 0.42% of their portfolio ATLANTA, GA 21,531,80621.5m $74.5m $74.5m 0.42% Reduced -231.4k -231,447
15 MACQUARIE GROUP LTD 0.08% of their portfolio Sydney, NSW 2000, C3 20,417,47920.4m $70.6m $70.6m 0.08% Reduced -3.8m -3,806,706
16 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 18,823,79018.8m $65.1m $65.1m 0.00% Reduced -2.2m -2,156,983
17 SEI INVESTMENTS CO 0.11% of their portfolio OAKS, PA 18,819,79018.8m $65.1m $65.1m 0.11% Reduced -879.4k -879,422
18 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio Boston, MA 15,694,81315.7m $54.3m $54.3m 0.02% Added +2.3m +2,309,355
19 Allspring Global Investments Holdings, LLC 0.08% of their portfolio CHARLOTTE, NC 14,393,32014.4m $49.8m $49.8m 0.08% Reduced -264.5k -264,500
20 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 11,742,68011.7m $41.1m $41.1m 0.00% Reduced -175.1k -175,099
21 Amundi 0.02% of their portfolio Paris, I0 11,578,53311.6m $40.2m $40.2m 0.02% Added +335.1k +335,144
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 8,300,9598.3m $28.7m $28.7m 0.00% Added +2.9m +2,937,334
23 Itau Unibanco Holding S.A. 1.28% of their portfolio SAO PAULO, D5 8,107,4608.1m $27.3m $27.3m 1.28% Added +879.2k +879,210
24 HSBC HOLDINGS PLC 0.03% of their portfolio LONDON, X0 7,823,7357.8m $27.0m $27.0m 0.03% Added +1.1m +1,075,920
25 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 6,067,8216.1m $21.0m $21.0m 0.00% Reduced -109.2k -109,220
26 SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio London, X0 5,710,9765.7m $19.8m $19.8m 0.03% Added +2.5m +2,492,598
27 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 5,597,9675.6m $19.4m $19.4m 0.00% Added +109.8k +109,839
28 FIL Ltd 0.02% of their portfolio HAMILTON, D0 5,526,8785.5m $19.1m $19.1m 0.02% Reduced -890.6k -890,559
29 Slate Path Capital LP 0.67% of their portfolio New York, NY 5,265,0005.3m $18.2m $18.2m 0.67% Unchanged
30 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 5,034,5665.0m $17.4m $17.4m 0.01% Reduced -67.1k -67,084
31 Legal & General Group Plc 0.01% of their portfolio London, X0 4,700,9124.7m $16.2m $16.2m 0.01% Reduced -309.1k -309,119
32 INCA Investments LLC 5.56% of their portfolio MIAMI, FL 4,594,0814.6m $15.9m $15.9m 5.56% Reduced -1.3m -1,250,990
33 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 4,551,1424.6m $15.7m $15.7m 0.02% Added +4.5m +4,497,184
34 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 4,422,2954.4m $15.3m $15.3m 0.00% Added +507.2k +507,176
35 UBS Group AG 0.01% of their portfolio ZURICH, V8 4,356,4764.4m $15.1m $15.1m 0.01% Added +2.2m +2,246,405
36 Gemsstock Ltd. 9.34% of their portfolio London, X0 4,001,3104.0m $13.8m $13.8m 9.34% New
37 Vontobel Holding Ltd. 0.12% of their portfolio ZURICH, V8 3,983,8604.0m $13.7m $13.7m 0.12% Added +314.3k +314,345
38 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 3,641,4823.6m $12.6m $12.6m 0.01% Added +3.5m +3,528,426
39 Oaktree Fund Advisors, LLC 10.06% of their portfolio LOS ANGLES, CA 3,430,3323.4m $11.9m $11.9m 10.06% Added +1.3m +1,254,733
40 NS Partners Ltd 0.58% of their portfolio LONDON, X0 3,191,2403.2m $11.0m $11.0m 0.58% Reduced -15.3k -15,300
41 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 3,109,2723.1m $10.8m $10.8m 0.02% Added +2.6m +2,559,777
42 Black Creek Investment Management Inc. 0.34% of their portfolio TORONTO, A6 2,775,0002.8m $9.6m $9.6m 0.34% Reduced -945.0k -945,000
43 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 2,165,7732.2m $7.5m $7.5m 0.01% Reduced -33.4k -33,401
44 AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio Greenwich, CT 2,160,2642.2m $7.5m $7.5m 0.02% Reduced -792.8k -792,822
45 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio BOSTON, MA 2,080,4842.1m $7.2m $7.2m 0.01% New
46 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 1,963,4742.0m $6.8m $6.8m 0.00% Reduced -159.0k -158,979
47 BARINGS LLC 0.22% of their portfolio CHARLOTTE, NC 1,850,8281.9m $6.4m $6.4m 0.22% Reduced -842.8k -842,846
48 ARGA Investment Management, LP 0.22% of their portfolio STAMFORD, CT 1,791,9551.8m $6.2m $6.2m 0.22% Added +142.7k +142,683
49 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.07% of their portfolio Madrid, U3 1,604,4171.6m $5.5m $5.5m 0.07% Added +696.3k +696,271
50 Euro Pacific Asset Management, LLC 1.19% of their portfolio DORADO, PR 1,576,4061.6m $5.4m $5.4m 1.19% Added +10.9k +10,862
51 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 1,564,9451.6m $5.4m $5.4m 0.00% Added +4.4k +4,435
52 GW&K Investment Management, LLC 0.05% of their portfolio BOSTON, MA 1,456,5931.5m $5.0m $5.0m 0.05% Added +979.7k +979,705
53 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 1,231,3451.2m $4.3m $4.3m 0.00% Reduced -394.8k -394,789
54 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 1,163,9411.2m $4.0m $4.0m 0.00% Reduced -27.4k -27,408
55 FMR LLC 0.00% of their portfolio BOSTON, MA 1,146,8721.1m $4.0m $4.0m 0.00% Reduced -262.9k -262,850
56 PINEBRIDGE INVESTMENTS, L.P. 0.04% of their portfolio NEW YORK, NY 1,099,6621.1m $3.8m $3.8m 0.04% Added +438.1k +438,103
57 Robeco Institutional Asset Management B.V. 0.01% of their portfolio ROTTERDAM, P7 1,056,2931.1m $3.7m $3.7m 0.01% Added +199.2k +199,205
58 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 987,772987.8k $3.4m $3.4m 0.01% Added +221.3k +221,349
59 Banque Cantonale Vaudoise 0.14% of their portfolio LAUSANNE, V8 865,590865.6k $3.0m $3.0m 0.14% Unchanged
60 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 862,525862.5k $3.0m $3.0m 0.00% Added +196.5k +196,456
61 Daiwa Securities Group Inc. 0.02% of their portfolio CHIYODA-KU,TOKYO, M0 847,345847.3k $2.9m $2.9m 0.02% Reduced -72.0k -72,000
62 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 820,936820.9k $2.8m $2.8m 0.00% New
63 STOREBRAND ASSET MANAGEMENT AS 0.01% of their portfolio LYSAKER, Q8 805,614805.6k $2.8m $2.8m 0.01% Unchanged
64 COMERICA BANK 0.00% of their portfolio DALLAS, TX 787,750787.8k $34 $34 0.00% First filing
65 DekaBank Deutsche Girozentrale 0.01% of their portfolio FRANKFURT, 2M 777,365777.4k $2.6m $2.6m 0.01% Added +411.0k +411,000
66 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 764,550764.5k $2.6m $2.6m 0.00% Added +418.2k +418,248
67 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 743,982744.0k $2.6m $2.6m 0.00% Reduced -989.4k -989,361
68 STRS OHIO 0.01% of their portfolio COLUMBUS, OH 714,291714.3k $2.5m $2.5m 0.01% Reduced -714.3k -714,291
69 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 606,288606.3k $2.1m $2.1m 0.00% Reduced -118.9k -118,858
70 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 597,480597.5k $2.1m $2.1m 0.00% Reduced -2.5m -2,544,359
71 Deuterium Capital Management, LLC 2.62% of their portfolio Clearwater, FL 553,870553.9k $1.9m $1.9m 2.62% Added +55.2k +55,169
72 SPX Gestao de Recursos Ltda 0.08% of their portfolio RIO DE JANEIRO, D5 506,408506.4k $1.8m $1.8m 0.08% Added +357.0k +356,969
73 BTG Pactual Global Asset Management Ltd 0.90% of their portfolio NEW YORK, NY 494,580494.6k $1.7m $1.7m 0.90% New
74 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 490,996491.0k $1.7m $1.7m 0.00% Reduced -1.3m -1,273,609
75 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 474,859474.9k $1.6m $1.6m 0.00% Reduced -10.0k -10,023
76 Erste Asset Management GmbH 0.03% of their portfolio VIENNA, C4 458,253458.3k $1.5m $1.5m 0.03% Unchanged
77 TWO SIGMA SECURITIES, LLC 0.13% of their portfolio NEW YORK, NY 456,241456.2k $1.6m $1.6m 0.13% Added +267.6k +267,639
78 VPR Management LLC 0.38% of their portfolio HOUSTON, TX 434,650434.6k $1.5m $1.5m 0.38% Unchanged
79 Banco Santander, S.A. 0.02% of their portfolio Madrid, U3 376,334376.3k $1.3m $1.3m 0.02% Reduced -264.6k -264,588
80 NATIXIS ADVISORS, LLC 0.00% of their portfolio Boston, MA 373,987374.0k $1.3m $1.3m 0.00% Added +56.3k +56,294
81 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 347,744347.7k $1.2m $1.2m 0.00% Added +9.0k +8,963
82 Ethic Inc. 0.04% of their portfolio NEW YORK, NY 317,853317.9k $1.1m $1.1m 0.04% Added +15.0k +14,958
83 Crossmark Global Holdings, Inc. 0.02% of their portfolio HOUSTON, TX 315,979316.0k $1.1m $1.1m 0.02% Reduced -8.4k -8,425
84 PRELUDE CAPITAL MANAGEMENT, LLC 0.09% of their portfolio NEW YORK, NY 315,880315.9k $1.1m $1.1m 0.09% Added +192.3k +192,336
85 Virtu Financial LLC 0.08% of their portfolio New York, NY 313,916313.9k $1.1m $1.1m 0.08% New
86 Advisors Asset Management, Inc. 0.02% of their portfolio Monument, CO 313,626313.6k $1.1m $1.1m 0.02% Reduced -5.2k -5,160
87 Aquatic Capital Management LLC 0.06% of their portfolio CHICAGO, IL 305,400305.4k $1.1m $1.1m 0.06% New
88 Leonteq Securities AG 0.11% of their portfolio ZURICH, V8 303,191303.2k $1.0m $1.0m 0.11% Reduced -398.6k -398,613
89 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 287,358287.4k $994.3k $994.3k 0.00% Added +273.8k +273,774
90 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 281,833281.8k $975.0k $975.0k 0.00% Added +26.9k +26,890
91 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 281,804281.8k $975.0k $975.0k 0.01% New
92 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 273,045273.0k $946.0k $946.0k 0.00% Added +7.7k +7,672
93 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 269,958270.0k $935.6k $935.6k 0.00% Added +191.7k +191,704
94 Laird Norton Wetherby Wealth Management, LLC 0.05% of their portfolio Seattle, WA 242,530242.5k $839.2k $839.2k 0.05% Added +50.9k +50,888
95 PROFUND ADVISORS LLC 0.04% of their portfolio BETHESDA, MD 239,149239.1k $827.5k $827.5k 0.04% Added +3.0k +3,027
96 Qtron Investments LLC 0.14% of their portfolio Boston, MA 212,620212.6k $735.7k $735.7k 0.14% New
97 Kiwi Wealth Investments Limited Partnership 0.04% of their portfolio WELLINGTON, Q2 203,609203.6k $704.0k $704.0k 0.04% Reduced -174.0k -173,993
98 OPPENHEIMER ASSET MANAGEMENT INC. 0.01% of their portfolio NEW YORK, NY 175,672175.7k $607.8k $607.8k 0.01% Reduced -850 -850
99 Legacy Wealth Asset Management, LLC 0.18% of their portfolio WOODBURY, MN 149,694149.7k $517.9k $517.9k 0.18% Reduced -1.9k -1,920
100 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 139,350139.3k $482.2k $482.2k 0.00% Added +60.2k +60,175