Vault-13

TELEFONICA BRASIL SA VIV

NEW ADR · ADR · CUSIP 87936R205

Brazilian telecommunications company

202 institutional holders +12 vs Q2 2025
63,285,19963.3m shares reported held*
$805.8mreported value*
33 new 76 added 62 reduced 21 sold out net sold ≈ $2.7m (-222.0k 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 ($3.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $12.73. Options: 1 managers hold calls ($15.0k notional), 0 hold puts (—).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 155Q4 22: 146Q1 23: 169Q2 23: 160Q3 23: 174Q4 23: 180Q1 24: 187Q2 24: 183Q3 24: 169Q4 24: 178Q1 25: 180Q2 25: 190Q3 25: 202202Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022155
Q4 2022146
Q1 2023169
Q2 2023160
Q3 2023174
Q4 2023180
Q1 2024187
Q2 2024183
Q3 2024169
Q4 2024178
Q1 2025180
Q2 2025190
Q3 2025202

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 23: 88 bought or addedQ4 23: 81 cut or sold outQ1 24: 84 bought or addedQ1 24: 84 cut or sold outQ1 24Q2 24: 82 bought or addedQ2 24: 97 cut or sold outQ3 24: 85 bought or addedQ3 24: 79 cut or sold outQ3 24Q4 24: 84 bought or addedQ4 24: 74 cut or sold outQ1 25: 102 bought or addedQ1 25: 66 cut or sold outQ1 25Q2 25: 117 bought or addedQ2 25: 58 cut or sold outQ3 25: 109 bought or addedQ3 25: 83 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20238881
Q1 20248484
Q2 20248297
Q3 20248579
Q4 20248474
Q1 202510266
Q2 202511758
Q3 202510983

Calls vs puts

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

CallsPuts
$0$20k$40k$60k$80kQ4 24 calls: $77.7kQ4 24 puts: $13.1kQ4 24P/C 0.17Q1 25 calls: $46.3kQ1 25 puts: $40.6kQ1 25P/C 0.88Q2 25 calls: $13.0kQ2 25 puts: $5.0kQ2 25P/C 0.38Q3 25 calls: $15.0kQ3 25 puts: $0Q3 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q4 2024$77.7k$13.1k0.17
Q1 2025$46.3k$40.6k0.88
Q2 2025$13.0k$5.0k0.38
Q3 2025$15.0k$00.00

Biggest buyers

Robeco Institutional Asset Management B.V. Added +1,735,958+1.7m
Invesco Ltd. Added +1,660,475+1.7m
Carrera Capital Advisors Added +330,405+330.4k
MILLENNIUM MANAGEMENT LLC Added +324,319+324.3k
TWO SIGMA INVESTMENTS, LP Added +307,501+307.5k
TWO SIGMA ADVISERS, LP Added +278,100+278.1k
Point72 Asset Management, L.P. Added +251,000+251.0k
AMERIPRISE FINANCIAL INC Added +232,524+232.5k
Cubist Systematic Strategies, LLC Added +189,112+189.1k
Dorsey Wright & Associates New +123,802+123.8k

Biggest sellers

BRANDES INVESTMENT PARTNERS, LP Reduced -839,880-839.9k
BANK OF AMERICA CORP /DE/ Reduced -712,702-712.7k
GOLDMAN SACHS GROUP INC Reduced -678,079-678.1k
BlackRock, Inc. Reduced -630,459-630.5k
BARCLAYS PLC Reduced -560,109-560.1k
ROYAL BANK OF CANADA Reduced -549,728-549.7k
JANE STREET GROUP, LLC Reduced -303,902-303.9k
RENAISSANCE TECHNOLOGIES LLC Reduced -253,100-253.1k
Qube Research & Technologies Ltd Reduced -236,937-236.9k
Connor, Clark & Lunn Investment Management Ltd. Sold out -226,538-226.5k

Biggest calls

SIMPLEX TRADING, LLC Unchanged $15.0k1.2k shares

Biggest puts

None

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 Q3 2025

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 Q3 2025.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Robeco Institutional Asset Management B.V. 0.31% of their portfolio ROTTERDAM, P7 17,000,11517.0m $216.8m $216.8m 0.31% Added +1.7m +1,735,958
2 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio BOSTON, MA 5,732,9305.7m $73.1m $73.1m 0.05% Reduced -21.6k -21,593
3 BlackRock, Inc. 0.00% of their portfolio New York, NY 5,119,1345.1m $65.3m $65.3m 0.00% Reduced -630.5k -630,459
4 Aberdeen Group plc 0.06% of their portfolio EDINBURGH, X0 2,911,5562.9m $36.6m $36.6m 0.06% Added +63.8k +63,816
5 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 2,856,6182.9m $36.4m $36.4m 0.01% Added +1.7m +1,660,475
6 MACQUARIE GROUP LTD 0.04% of their portfolio Sydney, NSW 2000, C3 2,778,4242.8m $35.4m $35.4m 0.04% Reduced -117.2k -117,161
7 BRANDES INVESTMENT PARTNERS, LP 0.27% of their portfolio LA JOLLA, CA 2,640,7172.6m $33.7m $33.7m 0.27% Reduced -839.9k -839,880
8 RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio NEW YORK, NY 1,682,5001.7m $21.5m $21.5m 0.03% Reduced -253.1k -253,100
9 TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio NEW YORK, NY 1,672,9471.7m $21.3m $21.3m 0.03% Added +307.5k +307,501
10 Amundi 0.00% of their portfolio Paris, I0 1,220,7811.2m $15.2m $15.2m 0.00% Reduced -36.7k -36,695
11 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.08% of their portfolio Stamford, CT 1,016,1011.0m $13.0m $13.0m 0.08% Added +41.3k +41,303
12 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 936,438936.4k $11.9m $11.9m 0.00% Reduced -40.5k -40,465
13 STRS OHIO 0.04% of their portfolio COLUMBUS, OH 840,000840.0k $10.7m $10.7m 0.04% Unchanged
14 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 758,509758.5k $9.7m $9.7m 0.00% Added +29.3k +29,316
15 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 730,532730.5k $9.3m $9.3m 0.00% Reduced -560.1k -560,109
16 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 671,652671.7k $8.6m $8.6m 0.00% Added +108.3k +108,279
17 TWO SIGMA ADVISERS, LP 0.02% of their portfolio NEW YORK, NY 642,400642.4k $8.2m $8.2m 0.02% Added +278.1k +278,100
18 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 550,408550.4k $7.0m $7.0m 0.01% Reduced -32.3k -32,282
19 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 549,436549.4k $7.0m $7.0m 0.00% Reduced -143.5k -143,525
20 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 515,692515.7k $6.6m $6.6m 0.00% Reduced -3.3k -3,278
21 FEDERATED HERMES, INC. 0.01% of their portfolio PITTSBURGH, PA 496,774496.8k $6.3m $6.3m 0.01% Reduced -216.9k -216,903
22 Ramirez Asset Management, Inc. 0.83% of their portfolio NEW YORK, NY 468,739468.7k $6.0m $6.0m 0.83% Added +41.9k +41,871
23 OMERS ADMINISTRATION Corp 0.04% of their portfolio TORONTO, A6 417,400417.4k $5.3m $5.3m 0.04% Unchanged
24 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 392,232392.2k $5.0m $5.0m 0.00% Added +324.3k +324,319
25 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 382,800382.8k $4.9m $4.9m 0.01% Added +251.0k +251,000
26 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 382,724382.7k $4.9m $4.9m 0.00% Reduced -549.7k -549,728
27 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 350,612350.6k $4.5m $4.5m 0.00% Reduced -40.1k -40,090
28 Carrera Capital Advisors 0.79% of their portfolio TROY, MI 344,055344.1k $4.4m $4.4m 0.79% Added +330.4k +330,405
29 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 329,367329.4k $4.2m $4.2m 0.00% Added +232.5k +232,524
30 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 329,336329.3k $4.2m $4.2m 0.00% Added +9.0k +9,028
31 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 322,602322.6k $4.1m $4.1m 0.00% Reduced -712.7k -712,702
32 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 308,932308.9k $3.9m $3.9m 0.00% Added +77.4k +77,380
33 GABELLI FUNDS LLC 0.02% of their portfolio Rye, NY 268,000268.0k $3.4m $3.4m 0.02% Unchanged
34 LONGFELLOW INVESTMENT MANAGEMENT CO LLC 0.79% of their portfolio BOSTON, MA 260,062260.1k $3.3m $3.3m 0.79% Unchanged
35 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 255,939255.9k $3.3m $3.3m 0.00% Added +93.8k +93,763
36 Lesa Sroufe & Co 2.31% of their portfolio SEATTLE, WA 224,116224.1k $2.9m $2.9m 2.31% Reduced -1.2k -1,170
37 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 209,911209.9k $2.7m $2.7m 0.01% Added +5.1k +5,079
38 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 203,925203.9k $2.6m $2.6m 0.00% Reduced -6.3k -6,300
39 Cubist Systematic Strategies, LLC 0.04% of their portfolio STAMFORD, CT 197,183197.2k $2.5m $2.5m 0.04% Added +189.1k +189,112
40 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio JUPITER, FL 193,279193.3k $2.5m $2.5m 0.01% Reduced -76.9k -76,891
41 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 179,222179.2k $2.3m $2.3m 0.00% Added +14.2k +14,237
42 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 176,898176.9k $2.3m $2.3m 0.00% Added +97.0k +96,961
43 Caprock Group, LLC 0.05% of their portfolio BOISE, ID 173,534173.5k $2.2m $2.2m 0.05% First filing
44 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 167,852167.9k $2.1m $2.1m 0.00% Reduced -11.4k -11,445
45 RITHOLTZ WEALTH MANAGEMENT 0.04% of their portfolio NEW YORK, NY 167,419167.4k $2.1m $2.1m 0.04% Added +16.2k +16,160
46 Ethic Inc. 0.03% of their portfolio NEW YORK, NY 164,358164.4k $2.1m $2.1m 0.03% Added +23.8k +23,782
47 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 155,687155.7k $2.0m $2.0m 0.00% Added +11.0k +11,000
48 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 150,386150.4k $1.9m $1.9m 0.00% Reduced -37.8k -37,812
49 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 148,428148.4k $1.9m $1.9m 0.00% Reduced -678.1k -678,079
50 UBS Group AG 0.00% of their portfolio ZURICH, V8 148,294148.3k $1.9m $1.9m 0.00% Reduced -217.3k -217,258
51 Stegent Equity Advisors, Inc. 1.50% of their portfolio HOUSTON, TX 144,391144.4k $1.8m $1.8m 1.50% Added +108.6k +108,613
52 HANTZ FINANCIAL SERVICES, INC. 0.03% of their portfolio SOUTHFIELD, MI 138,276138.3k $1.8m $1.8m 0.03% Reduced -7.9k -7,901
53 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 137,764137.8k $1.8m $1.8m 0.00% Reduced -159.1k -159,143
54 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 136,272136.3k $1.7m $1.7m 0.00% Added +12.5k +12,516
55 ABN AMRO Bank N.V. 0.02% of their portfolio AMSTERDAM, P7 125,685125.7k $1.6m $1.6m 0.02% Added +3.2k +3,241
56 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 125,372125.4k $1.6m $1.6m 0.00% Added +19.2k +19,206
57 Dorsey Wright & Associates 0.35% of their portfolio PASADENA, CA 123,802123.8k $1.6m $1.6m 0.35% New
58 DGS Capital Management, LLC 0.26% of their portfolio JERSEY CITY, NJ 111,880111.9k $1.4m $1.4m 0.26% Added +25.5k +25,530
59 NATIXIS ADVISORS, LLC 0.00% of their portfolio Boston, MA 102,948102.9k $1.3m $1.3m 0.00% Reduced -55.3k -55,275
60 DIVERSIFY WEALTH MANAGEMENT, LLC 0.07% of their portfolio SANDY, UT 98,58898.6k $1.2m $1.2m 0.07% New
61 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 96,47696.5k $1.2m $1.2m 0.00% Added +50.9k +50,931
62 Handelsbanken Fonder AB 0.00% of their portfolio STOCKHOLM, V7 91,12591.1k $1.2m $1.2m 0.00% Unchanged
63 Laird Norton Wetherby Wealth Management, LLC 0.04% of their portfolio Seattle, WA 84,86384.9k $1.1m $1.1m 0.04% Added +3.4k +3,366
64 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 84,21684.2k $1.1m $1.1m 0.00% Reduced -236.9k -236,937
65 Legal & General Group Plc 0.00% of their portfolio London, X0 84,00084.0k $1.1m $1.1m 0.00% Unchanged
66 AdvisorShares Investments LLC 0.17% of their portfolio BETHESDA, MD 83,64083.6k $1.1m $1.1m 0.17% New
67 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 82,41682.4k $1.1m $1.1m 0.00% Reduced -27.2k -27,155
68 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 81,79181.8k $1.0m $1.0m 0.00% Unchanged
69 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 80,65580.7k $1.0m $1.0m 0.00% Added +32.0k +32,009
70 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 77,84977.8k $992.6k $992.6k 0.00% Reduced -8.2k -8,181
71 Vident Advisory, LLC 0.01% of their portfolio Alpharetta, GA 75,19875.2k $958.8k $958.8k 0.01% Added +28.9k +28,899
72 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 71,85971.9k $916.2k $916.2k 0.00% Added +8.7k +8,683
73 V-Square Quantitative Management LLC 0.15% of their portfolio CHICAGO, IL 69,87569.9k $890.9k $890.9k 0.15% Added +452 +452
74 PINEBRIDGE INVESTMENTS, L.P. 0.01% of their portfolio NEW YORK, NY 68,22368.2k $869.8k $869.8k 0.01% New
75 Kathmere Capital Management, LLC 0.06% of their portfolio WAYNE, PA 66,70566.7k $850.5k $850.5k 0.06% Added +2.3k +2,328
76 Modern Wealth Management, LLC 0.02% of their portfolio KANSAS CITY, MO 65,51265.5k $835.3k $835.3k 0.02% Added +1.1k +1,075
77 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 63,78463.8k $813.2k $813.2k 0.00% Reduced -303.9k -303,902
78 XTX Topco Ltd 0.04% of their portfolio LONDON, X0 63,33963.3k $807.6k $807.6k 0.04% New
79 AXA Investment Managers S.A. 0.00% of their portfolio PUTEAUX, I0 63,23863.2k $806.3k $806.3k 0.00% First filing
80 Legacy Wealth Asset Management, LLC 0.19% of their portfolio WOODBURY, MN 62,69662.7k $799.4k $799.4k 0.19% Added +636 +636
81 Aquatic Capital Management LLC 0.01% of their portfolio CHICAGO, IL 62,55562.6k $797.6k $797.6k 0.01% First filing
82 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 62,00262.0k $790.5k $790.5k 0.00% Added +2.5k +2,537
83 Vanguard Personalized Indexing Management, LLC 0.01% of their portfolio OAKLAND, CA 58,47358.5k $745.7k $745.7k 0.01% Added +4.2k +4,194
84 Ballentine Partners, LLC 0.01% of their portfolio Waltham, MA 57,82257.8k $737.2k $737.2k 0.01% Added +2.9k +2,924
85 BAROMETER CAPITAL MANAGEMENT INC. 0.17% of their portfolio TORONTO, A6 57,10057.1k $725.6k $725.6k 0.17% Added +24.9k +24,900
86 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 55,06155.1k $702.0k $702.0k 0.00% Added +95 +95
87 Tidal Investments LLC 0.00% of their portfolio Milwaukee, WI 54,71454.7k $697.6k $697.6k 0.00% Unchanged
88 Mariner, LLC 0.00% of their portfolio Overland Park, KS 48,22948.2k $614.9k $614.9k 0.00% Reduced -2.8k -2,793
89 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 47,24547.2k $602.4k $602.4k 0.00% Added +980 +980
90 Sequoia Financial Advisors, LLC 0.00% of their portfolio Akron, OH 43,24043.2k $551.3k $551.3k 0.00% Added +6.1k +6,084
91 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 41,45641.5k $528.6k $528.6k 0.00% New
92 VPR Management LLC 0.24% of their portfolio HOUSTON, TX 41,18541.2k $525.1k $525.1k 0.24% Reduced -31.2k -31,190
93 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 39,00139.0k $497.3k $497.3k 0.00% Added +38.7k +38,749
94 Aprio Wealth Management, LLC 0.05% of their portfolio ATLANTA, GA 38,80038.8k $494.7k $494.7k 0.05% Added +251 +251
95 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 38,06038.1k $485.3k $485.3k 0.00% New
96 BSW Wealth Partners 0.06% of their portfolio BOULDER, CO 36,03436.0k $459.4k $459.4k 0.06% Added +11.7k +11,702
97 Diversify Advisory Services, LLC 0.01% of their portfolio SANDY, UT 34,95835.0k $420.2k $420.2k 0.01% New
98 Beverly Hills Private Wealth, LLC 0.08% of their portfolio BEVERLY HILLS, CA 34,47834.5k $439.6k $439.6k 0.08% Added +12.9k +12,935
99 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 33,97934.0k $433.2k $433.2k 0.00% New
100 Crossmark Global Holdings, Inc. 0.01% of their portfolio HOUSTON, TX 33,94233.9k $432.8k $432.8k 0.01% Unchanged