Vault-13

TIM S A TIMB

SPONSORED ADR · ADR · CUSIP 88706T108

Brazilian telecommunications company

168 institutional holders +3 vs Q1 2026
21,007,85621.0m shares reported held*
$463.1mreported value*
32 new 52 added 56 reduced 27 sold out net sold ≈ $17.7m (-826.2k 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 ($135.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $22.04. Options: 1 managers hold calls ($4.3k notional), 2 hold puts ($651.2k).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 89Q4 22: 91Q1 23: 88Q2 23: 90Q3 23: 102Q4 23: 106Q1 24: 113Q2 24: 121Q3 24: 127Q4 24: 129Q1 25: 121Q2 25: 122Q3 25: 132Q4 25: 142Q1 26: 165Q2 26: 168168Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202289
Q4 202291
Q1 202388
Q2 202390
Q3 2023102
Q4 2023106
Q1 2024113
Q2 2024121
Q3 2024127
Q4 2024129
Q1 2025121
Q2 2025122
Q3 2025132
Q4 2025142
Q1 2026165
Q2 2026168

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 24: 62 bought or addedQ3 24: 58 cut or sold outQ4 24: 67 bought or addedQ4 24: 68 cut or sold outQ4 24Q1 25: 63 bought or addedQ1 25: 65 cut or sold outQ2 25: 66 bought or addedQ2 25: 53 cut or sold outQ2 25Q3 25: 90 bought or addedQ3 25: 44 cut or sold outQ4 25: 79 bought or addedQ4 25: 62 cut or sold outQ4 25Q1 26: 96 bought or addedQ1 26: 66 cut or sold outQ2 26: 84 bought or addedQ2 26: 83 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20246258
Q4 20246768
Q1 20256365
Q2 20256653
Q3 20259044
Q4 20257962
Q1 20269666
Q2 20268483

Calls vs puts

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

CallsPuts
$0$200k$400k$600k$800kQ3 25 calls: $26.8kQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $42.8kQ4 25 puts: $0Q4 25P/C 0.00Q1 26 calls: $7.9kQ1 26 puts: $378.8kQ1 26P/C 47.67Q2 26 calls: $4.3kQ2 26 puts: $651.2kQ2 26P/C 152.00
Numbers
QuarterCallsPutsP/C
Q3 2025$26.8k$00.00
Q4 2025$42.8k$00.00
Q1 2026$7.9k$378.8k47.67
Q2 2026$4.3k$651.2k152.00

Biggest buyers

Tredje AP-fonden Added +316,646+316.6k
ALLIANCEBERNSTEIN L.P. Added +248,351+248.4k
Connor, Clark & Lunn Investment Management Ltd. Added +235,606+235.6k
Qube Research & Technologies Ltd Added +189,998+190.0k
ASSETMARK, INC Added +163,907+163.9k
UBS Group AG Added +122,639+122.6k
CITADEL ADVISORS LLC Added +96,800+96.8k
Creative Planning Added +85,549+85.5k
AMERICAN CENTURY COMPANIES INC Added +74,337+74.3k
D. E. Shaw & Co., Inc. Added +40,946+40.9k

Biggest sellers

ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -380,788-380.8k
JPMORGAN CHASE & CO Reduced -349,674-349.7k
BANK OF AMERICA CORP /DE/ Reduced -227,385-227.4k
BlackRock, Inc. Reduced -226,610-226.6k
MARSHALL WACE, LLP Sold out -217,879-217.9k
Robeco Institutional Asset Management B.V. Reduced -184,879-184.9k
Point72 Asset Management, L.P. Reduced -176,914-176.9k
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. Reduced -153,970-154.0k
VANGUARD CAPITAL MANAGEMENT LLC Reduced -153,232-153.2k
Schonfeld Strategic Advisors LLC Sold out -71,505-71.5k

Biggest calls

SIMPLEX TRADING, LLC Reduced $4.3k200 shares

Biggest puts

CITADEL ADVISORS LLC Added $636.2k29.7k shares
SIMPLEX TRADING, LLC Added $15.0k700 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)

BuyingSelling
202Q4 24: 0 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25Q4 25: 0 buyingQ4 25: 0 sellingQ1 26: 0 buyingQ1 26: 1 sellingQ1 26Q2 26: 0 buyingQ2 26: 2 sellingQ3 26: 0 buyingQ3 26: 0 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20240—0——
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——
Q4 20250—0——
Q1 20260—1——
Q2 20260—2——
Q3 20260—0——
DateInsiderTradeSharesPrice ValueTheir holding
2026-06-23 Viegas Marques Andrea Palma Chief Financial Officer Sold 35,000 — —35.0k shares -30%
2026-05-18 Lima Auana Mattar Chief Information Officer Sold 8,200 — —8.2k shares -18%

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Robeco Institutional Asset Management B.V. 0.10% of their portfolio ROTTERDAM, P7 3,820,9223.8m $81.8m $81.8m 0.10% Reduced -184.9k -184,879
2 RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio NEW YORK, NY 1,729,2741.7m $37.0m $37.0m 0.05% Reduced -57.2k -57,151
3 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 1,620,4561.6m $42.9m $42.9m 0.01% Added +248.4k +248,351
4 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,104,1641.1m $23.7m $23.7m 0.00% Reduced -226.6k -226,610
5 NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.03% of their portfolio PHILADELPHIA, PA 1,038,8611.0m $22.3m $22.3m 0.03% Reduced -154.0k -153,970
6 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio BOSTON, MA 817,887817.9k $17.5m $17.5m 0.01% Reduced -380.8k -380,788
7 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 792,477792.5k $17.0m $17.0m 0.01% Added +74.3k +74,337
8 UBS Group AG 0.00% of their portfolio ZURICH, V8 687,613687.6k $14.7m $14.7m 0.00% Added +122.6k +122,639
9 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 658,063658.1k $14.3m $14.3m 0.00% Reduced -18.2k -18,162
10 ASSETMARK, INC 0.02% of their portfolio CONCORD, CA 654,385654.4k $14.0m $14.0m 0.02% Added +163.9k +163,907
11 Crossmark Global Holdings, Inc. 0.17% of their portfolio HOUSTON, TX 617,709617.7k $13.2m $13.2m 0.17% Added +1.0k +1,011
12 Connor, Clark & Lunn Investment Management Ltd. 0.02% of their portfolio VANCOUVER, A1 595,184595.2k $12.7m $12.7m 0.02% Added +235.6k +235,606
13 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 576,996577.0k $12.5m $12.5m 0.00% Reduced -349.7k -349,674
14 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.04% of their portfolio Stamford, CT 428,959429.0k $9.2m $9.2m 0.04% Added +17.2k +17,193
15 Tredje AP-fonden 0.04% of their portfolio SE-111 91 STOCKHOLM, V7 378,446378.4k $8.1m $8.1m 0.04% Added +316.6k +316,646
16 VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 351,966352.0k $7.5m $7.5m 0.00% Reduced -153.2k -153,232
17 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 346,088346.1k $7.4m $7.4m 0.01% Added +190.0k +189,998
18 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 245,768245.8k $5.3m $5.3m 0.00% Added +85.5k +85,549
19 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 223,124223.1k $4.8m $4.8m 0.00% Reduced -70.4k -70,412
20 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 210,923210.9k $4.5m $4.5m 0.00% Added +96.8k +96,800
21 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 201,291201.3k $4.3m $4.3m 0.01% Reduced -176.9k -176,914
22 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 186,937186.9k $4.0m $4.0m 0.00% Reduced -41.4k -41,372
23 Legal & General Group Plc 0.00% of their portfolio London, X0 169,348169.3k $3.6m $3.6m 0.00% Reduced -31.6k -31,620
24 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 169,024169.0k $3.6m $3.6m 0.00% Added +4.9k +4,948
25 BRANDES INVESTMENT PARTNERS, LP 0.02% of their portfolio LA JOLLA, CA 159,437159.4k $3.4m $3.4m 0.02% Reduced -1.3k -1,349
26 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 154,092154.1k $3.3m $3.3m 0.00% Added +38.2k +38,196
27 Vident Advisory, LLC 0.02% of their portfolio Alpharetta, GA 149,099149.1k $3.2m $3.2m 0.02% Reduced -4.3k -4,255
28 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 143,257143.3k $3.1m $3.1m 0.00% Reduced -2.3k -2,284
29 RITHOLTZ WEALTH MANAGEMENT 0.05% of their portfolio NEW YORK, NY 143,183143.2k $3.1m $3.1m 0.05% Added +2.7k +2,663
30 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 142,145142.1k $3.0m $3.0m 0.00% Added +40.9k +40,946
31 Boston Partners 0.00% of their portfolio BOSTON, MA 142,121142.1k $3.0m $3.0m 0.00% Added +12.2k +12,171
32 Altman Advisors, Inc. 0.90% of their portfolio CHICAGO, IL 117,342117.3k $2.5m $2.5m 0.90% Reduced -3.3k -3,294
33 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 105,264105.3k $2.3m $2.3m 0.00% Added +23.0k +23,034
34 GABELLI FUNDS LLC 0.01% of their portfolio Rye, NY 102,575102.6k $2.2m $2.2m 0.01% Unchanged
35 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 99,89699.9k $2.1m $2.1m 0.00% Reduced -35.3k -35,271
36 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 95,04595.0k $2.0m $2.0m 0.00% Added +665 +665
37 Grantham, Mayo, Van Otterloo & Co. LLC 0.00% of their portfolio Boston, MA 90,41590.4k $1.9m $1.9m 0.00% Unchanged
38 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 88,52088.5k $1.9m $1.9m 0.00% Reduced -797 -797
39 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 75,90275.9k $1.6m $1.6m 0.00% Added +12.0k +12,000
40 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 74,17474.2k $1.6m $1.6m 0.00% Reduced -6.6k -6,583
41 ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio Boston, MA 68,75668.8k $1.5m $1.5m 0.00% Added +11.1k +11,130
42 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 54,30054.3k $1.2m $1.2m 0.00% Reduced -1.9k -1,900
43 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 45,86645.9k $983.0k $983.0k 0.00% Reduced -690 -690
44 Abacus Wealth Partners, LLC 0.10% of their portfolio SANTA MONICA, CA 45,48945.5k $974.4k $974.4k 0.10% Reduced -28.5k -28,468
45 Mariner, LLC 0.00% of their portfolio Overland Park, KS 39,43839.4k $844.8k $844.8k 0.00% Added +3.4k +3,418
46 Caprock Group, LLC 0.02% of their portfolio BOISE, ID 38,74438.7k $843.3k $843.3k 0.02% Reduced -2.6k -2,648
47 VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio MALVERN, PA 37,97938.0k $813.5k $813.5k 0.00% Unchanged
48 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 36,66436.7k $785.3k $785.3k 0.00% Reduced -3.2k -3,235
49 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 34,20234.2k $732.6k $732.6k 0.00% Added +2.4k +2,424
50 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 33,39433.4k $713.0k $713.0k 0.00% Added +1.5k +1,460
51 Sigma Planning Corp 0.02% of their portfolio ANN ARBOR, MI 33,36233.4k $714.6k $714.6k 0.02% New
52 Northwest & Ethical Investments L.P. 0.02% of their portfolio TORONTO, A6 33,00133.0k $706.9k $706.9k 0.02% Added +18.4k +18,401
53 Y-Intercept (Hong Kong) Ltd 0.01% of their portfolio HONG KONG, K3 32,65332.7k $699.4k $699.4k 0.01% New
54 Engineers Gate Manager LP 0.01% of their portfolio NEW YORK, NY 32,09032.1k $687.4k $687.4k 0.01% Reduced -1.0k -1,029
55 Ethic Inc. 0.01% of their portfolio NEW YORK, NY 30,54330.5k $654.2k $654.2k 0.01% Reduced -2.5k -2,452
56 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 30,48630.5k $653.0k $653.0k 0.00% Reduced -7.2k -7,169
57 Encompass More Asset Management 0.09% of their portfolio Danville, CA 29,52229.5k $632.4k $632.4k 0.09% New
58 Vise Technologies, Inc. 0.01% of their portfolio NEW YORK, NY 28,23428.2k $604.8k $604.8k 0.01% Added +1.5k +1,527
59 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 27,78527.8k $595.2k $595.2k 0.00% Added +1.3k +1,335
60 Aprio Wealth Management, LLC 0.03% of their portfolio ATLANTA, GA 27,34927.3k $585.8k $585.8k 0.03% Reduced -413 -413
61 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 26,22326.2k $561.7k $561.7k 0.00% Added +8.2k +8,226
62 Vestmark Advisory Solutions, Inc. 0.01% of their portfolio Wakefield, MA 26,05426.1k $558.1k $558.1k 0.01% Added +8.0k +7,966
63 Sanchez Gaunt Capital Management, LLC 0.31% of their portfolio RENO, NV 25,99826.0k $556.9k $556.9k 0.31% Added +2.5k +2,476
64 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 25,23925.2k $540.0k $540.0k 0.00% Added +5.9k +5,853
65 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 23,94523.9k $512.9k $512.9k 0.00% Reduced -227.4k -227,385
66 Laird Norton Wetherby Trust Company, LLC 0.01% of their portfolio Seattle, WA 22,43722.4k $488.8k $488.8k 0.01% Reduced -3.7k -3,665
67 OMERS ADMINISTRATION Corp 0.00% of their portfolio TORONTO, A6 22,32122.3k $478.1k $478.1k 0.00% Unchanged
68 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 21,28921.3k $456.0k $456.0k 0.00% Reduced -221 -221
69 Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio OAKLAND, CA 21,15721.2k $453.2k $453.2k 0.00% Reduced -525 -525
70 Qtron Investments LLC 0.06% of their portfolio Boston, MA 20,32520.3k $435.4k $435.4k 0.06% Reduced -4.3k -4,299
71 LEUTHOLD GROUP, LLC 0.04% of their portfolio MINNEAPOLIS, MN 20,31720.3k $435.2k $435.2k 0.04% Unchanged
72 QRG CAPITAL MANAGEMENT, INC. 0.00% of their portfolio BERWYN, PA 20,03420.0k $429.1k $429.1k 0.00% Added +1.2k +1,222
73 Ballentine Partners, LLC 0.01% of their portfolio Waltham, MA 19,84619.8k $425.1k $425.1k 0.01% Reduced -526 -526
74 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 18,60218.6k $398.5k $398.5k 0.00% Added +754 +754
75 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 18,55518.6k $397.4k $397.4k 0.00% New
76 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 18,22118.2k $390.3k $390.3k 0.00% Added +99 +99
77 Kathmere Capital Management, LLC 0.02% of their portfolio WAYNE, PA 17,39617.4k $372.6k $372.6k 0.02% Added +842 +842
78 Nykredit A/S 0.00% of their portfolio NORDHAVN, G7 17,29517.3k $370.5k $370.5k 0.00% First filing
79 Sequoia Financial Advisors, LLC 0.00% of their portfolio Akron, OH 16,72416.7k $358.2k $358.2k 0.00% Reduced -4.0k -3,995
80 GUGGENHEIM CAPITAL LLC 0.00% of their portfolio CHICAGO, IL 16,35916.4k $350.4k $350.4k 0.00% Added +2.0k +2,050
81 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 16,30716.3k $349.3k $349.3k 0.00% Added +2.1k +2,062
82 VPR Management LLC 0.14% of their portfolio HOUSTON, TX 15,76015.8k $337.6k $337.6k 0.14% Unchanged
83 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 15,28215.3k $327.3k $327.3k 0.00% Reduced -592 -592
84 Jain Global LLC 0.00% of their portfolio NEW YORK, NY 15,10015.1k $323.4k $323.4k 0.00% New
85 Savant Capital, LLC 0.00% of their portfolio ROCKFORD, IL 15,01615.0k $357.4k $357.4k 0.00% New
86 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio COLUMBUS, OH 13,75113.8k $294.5k $294.5k 0.00% Added +8.7k +8,704
87 Measured Wealth Private Client Group, LLC 0.07% of their portfolio PORTSMOUTH, NH 13,18613.2k $282.4k $282.4k 0.07% Added +644 +644
88 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 12,73712.7k $272.8k $272.8k 0.00% Reduced -1.5k -1,465
89 NIA IMPACT ADVISORS, LLC 0.10% of their portfolio OAKLAND, CA 11,82711.8k $253.3k $253.3k 0.10% Added +3.4k +3,419
90 Mitsubishi UFJ Trust & Banking Corp 0.00% of their portfolio TOKYO, M0 11,80311.8k $252.8k $252.8k 0.00% New
91 Beck Bode, LLC 0.04% of their portfolio DEDHAM, MA 11,57111.6k $247.9k $247.9k 0.04% Added +1.5k +1,492
92 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 11,14911.1k $238.8k $238.8k 0.00% New
93 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 10,50310.5k $225.8k $225.8k 0.00% Added +273 +273
94 LVW Advisors, LLC 0.02% of their portfolio PITTSFORD, NY 9,8609.9k $211.2k $211.2k 0.02% New
95 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 9,7569.8k $209.0k $209.0k 0.00% Reduced -223 -223
96 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.00% of their portfolio NEW YORK, NY 9,7109.7k $208.0k $208.0k 0.00% Added +1.6k +1,585
97 Virtus Investment Advisers, LLC 0.05% of their portfolio HARTFORD, CT 9,1209.1k $195.3k $195.3k 0.05% Added +1.8k +1,787
98 HANTZ FINANCIAL SERVICES, INC. 0.00% of their portfolio SOUTHFIELD, MI 8,6768.7k $186.0k $186.0k 0.00% Reduced -1.7k -1,656
99 World Investment Advisors 0.00% of their portfolio LINCROFT, NJ 8,1978.2k $217.1k $217.1k 0.00% Unchanged
100 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 7,7907.8k $166.9k $166.9k 0.00% Added +1.8k +1,770