BANCO BRADESCO S A BBD
SP ADR PFD NEW · ADR · CUSIP 059460303 · ISIN US0594603039
Brazilian banking institution
- SectorFinancials
- IndustryState Commercial Banks
- HeadquartersQ4035, Brazil
- Founded1943
- Websitebanco.bradesco
- FilingsSEC EDGAR
* 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 ($3.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $3.54. Options: 9 managers hold calls ($19.7m notional), 9 hold puts ($18.7m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 240 |
| Q4 2022 | 218 |
| Q1 2023 | 221 |
| Q2 2023 | 230 |
| Q3 2023 | 227 |
| Q4 2023 | 246 |
| Q1 2024 | 247 |
| Q2 2024 | 246 |
| Q3 2024 | 242 |
| Q4 2024 | 229 |
| Q1 2025 | 248 |
| Q2 2025 | 248 |
| Q3 2025 | 243 |
| Q4 2025 | 279 |
| Q1 2026 | 291 |
| Q2 2026 | 297 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 124 | 110 |
| Q4 2024 | 103 | 127 |
| Q1 2025 | 127 | 108 |
| Q2 2025 | 135 | 112 |
| Q3 2025 | 118 | 110 |
| Q4 2025 | 135 | 90 |
| Q1 2026 | 163 | 115 |
| Q2 2026 | 134 | 144 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $19.7m | $42.7m | 2.17 |
| Q4 2025 | $15.4m | $41.9m | 2.72 |
| Q1 2026 | $20.3m | $16.6m | 0.82 |
| Q2 2026 | $19.7m | $18.7m | 0.95 |
Biggest buyers
| Aquamarine Financial (Cayman) Ltd | Added | +30.1m |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | New | +22.8m |
| GOLDMAN SACHS GROUP INC | Added | +19.2m |
| BANK OF AMERICA CORP /DE/ | Added | +13.4m |
| D. E. Shaw & Co., Inc. | Added | +8.0m |
| MORGAN STANLEY | Added | +6.6m |
| MARSHALL WACE, LLP | Added | +5.6m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +5.4m |
| Empowered Funds, LLC | New | +5.3m |
| Carrhae Capital LLP | New | +4.5m |
Biggest sellers
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -27.2m |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | Sold out | -19.3m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -16.1m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -8.8m |
| Grantham, Mayo, Van Otterloo & Co. LLC | Reduced | -8.7m |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -7.6m |
| Itau Unibanco Holding S.A. | Reduced | -6.4m |
| SEI INVESTMENTS CO | Reduced | -5.9m |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -5.7m |
| CITIGROUP INC | Reduced | -5.2m |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $8.2m2.4m shares |
| GROUP ONE TRADING LLC | Reduced | $3.5m999.8k shares |
| Optiver Holding B.V. | Added | $3.4m984.1k shares |
| SIMPLEX TRADING, LLC | Added | $1.4m413.5k shares |
| D. E. Shaw & Co., Inc. | New | $1.4m404.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.1m316.1k shares |
| JANE STREET GROUP, LLC | Reduced | $494.1k142.4k shares |
| Walleye Trading LLC | Reduced | $108.3k31.2k shares |
| IMC-Chicago, LLC | Reduced | $53.1k15.3k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $11.5m3.3m shares |
| Optiver Holding B.V. | Reduced | $3.9m1.1m shares |
| SIMPLEX TRADING, LLC | Added | $1.4m389.5k shares |
| IMC-Chicago, LLC | Added | $792.2k228.3k shares |
| CITADEL ADVISORS LLC | Added | $396.6k114.3k shares |
| UBS Group AG | Unchanged | $360.9k104.0k shares |
| JANE STREET GROUP, LLC | Added | $255.0k73.5k shares |
| GROUP ONE TRADING LLC | Added | $128.7k37.1k shares |
| Walleye Trading LLC | Reduced | $20.1k5.8k 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 since 1 Apr 2026
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.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 1 | — | 3 | — | — |
| Q3 2026 | 22 | — | 4 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-29 | Di Marcello Francesco Executive Officer · Preference shares - BBDC4; Preference shares - BBDC4F | Bought | —310 shares |
| 2026-09-28 | Di Marcello Francesco Executive Officer · Preference shares - BBDC4; Preference shares - BBDC4F | Bought | —56.9k shares |
| 2026-09-18 | Pedras Carlos Henrique Villela Executive Officer · Preference shares - BBDC4 | Bought | —55.9k shares |
| 2026-09-18 | de Souza Cintia Scovine Barcelos Executive Officer · Preference shares - BBDC4 | Bought | —60.1k shares |
| 2026-09-18 | Panico Alexandre Executive Officer · Preference shares - BBDC4 | Bought | —43.6k shares |
| 2026-09-18 | de Oliveira Andre Luis Duarte Executive Officer · Preference shares - BBDC4 | Bought | —309.1k shares |
| 2026-09-18 | da Cunha Paulo Roberto Simoes Director · Preference shares - BBDC4 | Bought | —46.9k shares |
| 2026-09-18 | Pavarina Denise Pauli Director · Preference shares - BBDC4 | Bought | —46.9k shares |
| 2026-09-18 | Alvarez Denise Aguiar Director · Preference shares - BBDC4 | Bought | —130.6k shares |
| 2026-09-18 | Alvarez Rubens Aguiar Director · Preference shares - BBDC4 | Bought | —46.9k shares |
| 2026-09-18 | Marcilio Juliano Ribeiro Executive Officer · Preference shares - BBDC4 | Bought | —60.8k shares |
| 2026-09-18 | Nunes Regina Helena Jorge Director · Preference shares - BBDC4 | Bought | —31.3k shares |
| 2026-09-18 | Ramalho Miranda Jose Augusto Executive Officer · Preference shares - BBDC4 | Bought | —63.7k shares |
| 2026-09-18 | Freiberger Fernando Executive Officer · Preference shares - BBDC4 | Bought | —49.5k shares |
| 2026-09-18 | Bueno Julio Cesar Executive Officer · Preference shares - BBDC4 | Bought | —56.4k shares |
| 2026-09-18 | Tescarolo Marcos Valerio Executive Officer · Preference shares - BBDC4 | Bought | —57.0k shares |
| 2026-09-18 | Fernandes Oswaldo Tadeu Executive Officer · Preference shares - BBDC4 | Bought | —79.8k shares |
| 2026-09-18 | Mantarro Renata Geiser Executive Officer · Preference shares - BBDC4 | Bought | —54.8k shares |
| 2026-09-18 | Paris Roberto de Jesus Executive Officer · Preference shares - BBDC4 | Bought | —96.7k shares |
| 2026-09-18 | Machado Silvana Rosa Executive Officer · Preference shares - BBDC4 | Bought | —62.0k shares |
| 2026-09-18 | de Oliveira Tulio Xavier Executive Officer · Preference shares - BBDC4 | Bought | —55.4k shares |
| 2026-09-18 | Favarao Vinicius Urias Executive Officer · Preference shares - BBDC4 | Bought | —60.5k shares |
| 2026-09-18 | Caffarelli Paulo Rogerio Director · Preference shares - BBDC4 | Bought | —31.3k shares |
| 2026-09-10 | Paris Roberto de Jesus Executive Officer · Preference shares - BBDC4 | Sold | —25.0k shares |
| 2026-09-10 | Scarpelli Cassiano Ricardo Executive Officer · Preference shares - BBDC4 | Sold | —70.0k shares |
| 2026-09-08 | Paris Roberto de Jesus Executive Officer · Preference shares - BBDC4 | Sold | —25.0k shares |
| 2026-09-08 | Fernandes Oswaldo Tadeu Executive Officer · Preference shares - BBDC4; Preference shares - BBDC4F | Sold | —16.3k shares |
| 2026-08-25 | Ramalho Miranda Jose Augusto Executive Officer · Preference shares - BBDC4; Preference shares - BBDC4F | Sold | —6.4k shares |
| 2026-08-13 | Ramalho Miranda Jose Augusto Executive Officer · Preference shares - BBDC2; Preference shares - BBDC2F | Sold | —9.4k shares |
| 2026-07-01 | Bueno Julio Cesar CLO and Executive Officer · Preference shares - BBDC4; Preference shares - BBDC4F | Bought | —110.4k shares |
The latest 30 of 34 trades.
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Aquamarine Financial (Cayman) Ltd 35.83% of their portfolio | 186.9m $649.0m | Added +30.1m |
| WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio | 73.5m $255.0m | Reduced -5.0m |
| ARGA Investment Management, LP 6.26% of their portfolio | 70.7m $245.4m | Reduced -4.4m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.11% of their portfolio | 70.7m $245.4m | Reduced -8.8m |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 61.5m $213.5m | Added +19.2m |
| Fisher Asset Management, LLC 0.05% of their portfolio | 51.5m $178.7m | Reduced -1.8m |
| FRANKLIN RESOURCES INC 0.04% of their portfolio | 48.5m $168.2m | Added +544.9k |
| BlackRock, Inc. 0.00% of their portfolio | 43.5m $150.9m | Reduced -2.4m |
| Itau Unibanco Holding S.A. 2.91% of their portfolio | 42.7m $147.8m | Reduced -6.4m |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 41.5m $143.9m | Added +13.4m |
| BAILLIE GIFFORD & CO 0.11% of their portfolio | 34.8m $120.9m | Reduced -1.6m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.04% of their portfolio | 33.8m $119.0m | Reduced -27.2m |
| TWO SIGMA INVESTMENTS, LP 0.08% of their portfolio | 31.2m $108.2m | Reduced -16.1m |
| Amundi 0.02% of their portfolio | 27.8m $96.5m | Added +3.2m |
| JANE STREET GROUP, LLC 0.06% of their portfolio | 26.7m $92.6m | Reduced -262.8k |
| EARNEST PARTNERS LLC 0.29% of their portfolio | 22.9m $79.6m | Added +186.3k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.12% of their portfolio | 22.8m $79.2m | New |
| MARSHALL WACE, LLP 0.05% of their portfolio | 18.7m $65.0m | Added +5.6m |
| JONES FINANCIAL COMPANIES LLLP 0.02% of their portfolio | 17.1m $59.2m | Added +520.1k |
| MORGAN STANLEY 0.00% of their portfolio | 14.5m $50.3m | Added +6.6m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 13.9m $48.6m | Reduced -39.2k |
| SEI INVESTMENTS CO 0.04% of their portfolio | 13.4m $46.5m | Reduced -5.9m |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 12.5m $43.4m | Added +996.8k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 12.5m $43.3m | Unchanged |
| NATIXIS ADVISORS, LLC 0.05% of their portfolio | 12.1m $42.1m | Reduced -4.7m |
| STATE STREET CORP 0.00% of their portfolio | 11.5m $41.6m | Reduced -1.1m |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 10.6m $36.8m | Added +8.0m |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 9.6m $33.4m | Reduced -1.5m |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 8.9m $30.9m | Added +3.2m |
| SPX Gestao de Recursos Ltda 3.43% of their portfolio | 8.9m $30.8m | Reduced -2.2m |
| Moerus Capital Management LLC 12.88% of their portfolio | 8.3m $28.9m | Reduced -78.0k |
| BAMCO INC /NY/ 0.04% of their portfolio | 7.3m $25.3m | Reduced -2.8m |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 6.6m $22.9m | Reduced -5.7m |
| STOREBRAND ASSET MANAGEMENT AS 0.05% of their portfolio | 6.2m $21.4m | Unchanged |
| BESSEMER GROUP INC 0.03% of their portfolio | 5.8m $20.2m | Added +100.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 5.4m $18.7m | Added +5.4m |
| Empowered Funds, LLC 0.10% of their portfolio | 5.3m $18.5m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 5.2m $17.9m | Unchanged |
| Optiver Holding B.V. 0.24% of their portfolio | 4.9m $16.9m | Reduced -1.2m |
| MACKENZIE FINANCIAL CORP 0.02% of their portfolio | 4.6m $15.8m | Reduced -3.1m |
| Carrhae Capital LLP 1.03% of their portfolio | 4.5m $15.6m | New |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 4.4m $15.1m | Added +968.9k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 4.3m $15.0m | Reduced -460.4k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.04% of their portfolio | 4.1m $14.1m | Unchanged |
| UBS Group AG 0.00% of their portfolio | 4.0m $13.8m | Reduced -2.9m |
| Perpetual Ltd 0.18% of their portfolio | 3.6m $12.5m | Reduced -179.6k |
| Tredje AP-fonden 0.05% of their portfolio | 3.5m $12.1m | Reduced -2.0m |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 3.5m $12.1m | Reduced -7.6m |
| Legal & General Group Plc 0.00% of their portfolio | 3.1m $10.8m | Reduced -511.9k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 2.8m $9.8m | Reduced -786.0k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 2.7m $9.5m | Added +251.9k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 2.7m $9.4m | Added +1.6m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio | 2.5m $8.8m | Reduced -345.7k |
| Promethos Capital, LLC 2.33% of their portfolio | 2.5m $8.6m | Added +442.7k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 2.4m $8.2m | Reduced -3.4m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 2.2m $7.7m | Added +1.1m |
| Boston Partners 0.01% of their portfolio | 2.1m $7.3m | Added +1.7m |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 2.1m $7.2m | New |
| HRT FINANCIAL LP 0.02% of their portfolio | 2.0m $6.9m | New |
| LARCH CAPITAL PARTNERS LLC 1.02% of their portfolio | 2.0m $7.2m | Unchanged |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.9m $6.5m | Added +556.4k |
| Man Group plc 0.01% of their portfolio | 1.8m $6.4m | Reduced -68.8k |
| Truffle Hound Capital, LLC 3.28% of their portfolio | 1.5m $5.2m | Reduced -200.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 1.1m $3.9m | Added +394.9k |
| Euro Pacific Asset Management, LLC 0.44% of their portfolio | 1.1m $3.9m | Added +44.5k |
| Nykredit A/S 0.01% of their portfolio | 1.1m $3.8m | First filing |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 969.5k $3.4m | Unchanged |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 839.4k $2.9m | Reduced -731.0k |
| DekaBank Deutsche Girozentrale 0.00% of their portfolio | 743.4k $2.6m | Unchanged |
| GSA CAPITAL PARTNERS LLP 0.15% of their portfolio | 667.4k $2.3m | New |
| Aquatic Capital Management LLC 0.08% of their portfolio | 647.4k $2.2m | Reduced -2.3m |
| BAROMETER CAPITAL MANAGEMENT INC. 0.59% of their portfolio | 629.6k $2.1m | Added +68.7k |
| BARCLAYS PLC 0.00% of their portfolio | 626.0k $2.2m | Reduced -74.3k |
| Virtu Financial LLC 0.07% of their portfolio | 623.8k $2.2m | Added +442.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 623.4k $2.2m | Reduced -9.9k |
| STRS OHIO 0.01% of their portfolio | 584.4k $2.0m | Reduced -33.5k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.00% of their portfolio | 565.8k $2.0m | Reduced -8.7m |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio | 527.0k $1.8m | Reduced -23.8k |
| BTG Pactual Asset Management US LLC 0.14% of their portfolio | 524.1k $1.8m | Added +29.5k |
| PINEBRIDGE INVESTMENTS LLC 0.01% of their portfolio | 521.8k $1.8m | Reduced -201.1k |
| WINTON GROUP Ltd 0.06% of their portfolio | 502.2k $1.7m | Reduced -10.2k |
| Daiwa Securities Group Inc. 0.00% of their portfolio | 495.4k $1.7m | Added +4.0k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 488.0k $1.7m | Unchanged |
| Artemis Investment Management LLP 0.01% of their portfolio | 481.9k $1.7m | Unchanged |
| Leonteq Securities AG 0.10% of their portfolio | 479.3k $1.7m | Added +306.2k |
| LONGFELLOW INVESTMENT MANAGEMENT CO LLC 0.34% of their portfolio | 473.1k $1.6m | Reduced -70.2k |
| Vident Advisory, LLC 0.01% of their portfolio | 467.6k $1.6m | Added +8.0k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 465.2k $1.6m | Reduced -127.9k |
| Quadrature Capital Ltd 0.01% of their portfolio | 424.9k $1.5m | Added +411.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 394.8k $1.4m | Reduced -179.8k |
| FACTORY MUTUAL INSURANCE CO 0.01% of their portfolio | 388.3k $1.3m | Added +46.4k |
| MONECO ADVISORS, LLC 0.08% of their portfolio | 375.8k $1.3m | New |
| B. Metzler seel. Sohn & Co. AG 0.01% of their portfolio | 367.6k $1.3m | Added +25.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 366.8k $1.3m | Reduced -87.7k |
| Invesco Ltd. 0.00% of their portfolio | 366.6k $1.3m | Added +51.4k |
| ABS Investment Management LLC 0.82% of their portfolio | 366.0k $1.3m | First filing |
| ABS Direct Equity Fund LLC 0.80% of their portfolio | 366.0k $1.3m | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 363.9k $1.3m | Reduced -10.3k |
| Banco Santander, S.A. 0.01% of their portfolio | 363.6k $1.3m | Added +110.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 359.1k $1.2m | Added +1.1k |