% of shares outstanding not shown: this line files 20-F annual reports only — a foreign private issuer whose US listing trades as ADSs (depositary receipts), while its cover-page share count is in ORDINARY shares. The depositary ratio is not in our data. The count we hold for this line is 1,109,058,185 shares (as of 2025-12-31, source company_meta:ifrs-bs). Dividing one by the other is wrong by the whole ratio (a 5:1 ADR reads one fifth of the true percentage), so the percentage is withheld rather than served wrong. Holder share counts are shown as filed.
Crowding percentile withheld — no market cap for JBS in the served universe — the cohort is size-matched, and an unmatched percentile would compare a micro-cap register to a mega-cap one.
| # | Holder | Shares | Value | % of shares out | Δ QoQ |
|---|---|---|---|---|---|
| 1 | BNDES Participacoes S.A. | 199,311,644199.3M | $3.6B | — | — |
| 2 | BlackRock, Inc. | 28,826,63628.8M | $518M | — | ADD 13% |
| 3 | Davis Selected Advisers | 26,244,66026.2M | $471M | — | ADD 121% |
| 4 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 7,687,7757.7M | $138M | — | ADD 117% |
| 5 | AMERIPRISE FINANCIAL INC | 6,704,6926.7M | $120M | — | — |
| 6 | D. E. Shaw & Co., Inc. | 6,389,9336.4M | $115M | — | TRIM -11% |
| 7 | STATE STREET CORP | 6,158,2786.2M | $111M | — | — |
| 8 | DEUTSCHE BANK AG\ | 5,277,8245.3M | $95M | — | ADD 13% |
| 9 | Alberta Investment Management Corp | 5,024,5005.0M | $90M | — | ADD 9% |
| 10 | RAYMOND JAMES FINANCIAL INC | 3,788,9263.8M | $68M | — | ADD 27% |
| 11 | MORGAN STANLEY | 3,607,7083.6M | $65M | — | TRIM -12% |
| 12 | MARSHALL WACE, LLP | 3,603,1373.6M | $65M | — | ADD 76% |
| 13 | TWO SIGMA INVESTMENTS, LP | 3,575,8593.6M | $64M | — | ADD 666% |
| 14 | DISCOVERY CAPITAL MANAGEMENT, LLC / CT | 3,365,4003.4M | $60M | — | ADD 14% |
| 15 | BNP PARIBAS FINANCIAL MARKETS | 3,121,1103.1M | $56M | — | ADD 20% |
| 16 | BRANDES INVESTMENT PARTNERS, LP | 2,982,6743.0M | $54M | — | ADD 78% |
| 17 | BANK OF AMERICA CORP /DE/ | 2,782,9832.8M | $50M | — | ADD 12% |
| 18 | VAN ECK ASSOCIATES CORP | 2,738,3452.7M | $49M | — | ADD 15% |
| 19 | Carrhae Capital LLP | 2,546,3452.5M | $46M | — | TRIM -30% |
| 20 | GEODE CAPITAL MANAGEMENT, LLC | 2,412,2382.4M | $43M | — | TRIM -3% |
| 21 | Qube Research & Technologies Ltd | 1,841,2741.8M | $33M | — | ADD 33% |
| 22 | GOLDMAN SACHS GROUP INC | 1,684,9721.7M | $30M | — | TRIM -10% |
| 23 | CITIGROUP INC | 1,679,4841.7M | $30M | — | ADD 40% |
| 24 | Ramirez Asset Management, Inc. | 1,673,9131.7M | $30M | — | ADD 30% |
| 25 | MILLENNIUM MANAGEMENT LLC | 1,636,0641.6M | $29M | — | TRIM -26% |
| 26 | NEUBERGER BERMAN GROUP LLC | 1,576,1511.6M | $28M | — | NEW |
| 27 | Legal & General Group Plc | 1,480,7181.5M | $27M | — | TRIM -9% |
| 28 | Jump Financial, LLC | 1,408,0591.4M | $25M | — | TRIM -15% |
| 29 | LSV ASSET MANAGEMENT | 1,362,7001.4M | $24M | — | ADD 2549% |
| 30 | JPMORGAN CHASE & CO | 1,407,2651.4M | $24M | — | ADD 9% |
| 31 | HRT FINANCIAL LP | 1,340,4451.3M | $24M | — | TRIM -2% |
| 32 | UBS Group AG | 1,336,4221.3M | $24M | — | ADD 108% |
| 33 | Loews Corp | 1,330,0001.3M | $24M | — | — |
| 34 | Woodline Partners LP | 1,114,4101.1M | $20M | — | TRIM -76% |
| 35 | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 963,709963,709 | $17M | — | ADD 1665% |
| 36 | Sumitomo Mitsui Trust Group, Inc. | 873,080873,080 | $16M | — | ADD 3% |
| 37 | Quinn Opportunity Partners LLC | 872,901872,901 | $16M | — | ADD 3% |
| 38 | Russell Investments Group, Ltd. | 777,283777,283 | $14M | — | ADD 6% |
| 39 | VANGUARD ASSET MANAGEMENT, Ltd | 766,718766,718 | $14M | — | NEW |
| 40 | SG Americas Securities, LLC | 746,785746,785 | $13M | — | ADD 114% |
| 41 | Private Advisory Group LLC | 720,829720,829 | $13M | — | — |
| 42 | Nuveen, LLC | 709,954709,954 | $13M | — | TRIM -3% |
| 43 | COHEN & STEERS, INC. | 695,826695,826 | $12M | — | ADD 6% |
| 44 | Duquesne Family Office LLC | 655,900655,900 | $12M | — | NEW |
| 45 | California Public Employees Retirement System | 630,093630,093 | $11M | — | TRIM -11% |
| 46 | Robeco Institutional Asset Management B.V. | 622,765622,765 | $11M | — | ADD 41% |
| 47 | ExodusPoint Capital Management, LP | 564,297564,297 | $10M | — | ADD 549% |
| 48 | Rivermont Capital Management LP | 550,000550,000 | $10M | — | NEW |
| 49 | Mitsubishi UFJ Asset Management Co., Ltd. | 543,029543,029 | $10M | — | ADD 19% |
| 50 | Bayberry Capital Partners LP | 541,600541,600 | $10M | — | TRIM -46% |
| 51 | FEDERATED HERMES, INC. | 487,657487,657 | $9M | — | — |
| 52 | PRUDENTIAL FINANCIAL INC | 484,100484,100 | $9M | — | TRIM -31% |
| 53 | Amundi | 457,685457,685 | $8M | — | ADD 17% |
| 54 | NewEdge Wealth, LLC | 403,750403,750 | $7M | — | ADD 18% |
| 55 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 399,343399,343 | $7M | — | ADD 257% |
| 56 | AQR CAPITAL MANAGEMENT LLC | 393,647393,647 | $7M | — | ADD 145% |
| 57 | Invesco Ltd. | 376,701376,701 | $7M | — | ADD 77% |
| 58 | Bank of New York Mellon Corp | 374,800374,800 | $7M | — | ADD 3% |
| 59 | Quantbot Technologies LP | 372,062372,062 | $7M | — | TRIM -5% |
| 60 | Pictet Asset Management Holding SA | 371,603371,603 | $7M | — | TRIM -15% |
| 61 | Engineers Gate Manager LP | 369,367369,367 | $7M | — | TRIM -62% |
| 62 | Schonfeld Strategic Advisors LLC | 368,464368,464 | $7M | — | ADD 472% |
| 63 | Journey Advisory Group, LLC | 367,865367,865 | $7M | — | TRIM -5% |
| 64 | NORTHERN TRUST CORP | 361,039361,039 | $6M | — | ADD 75% |
| 65 | ROYAL LONDON ASSET MANAGEMENT LTD | 359,600359,600 | $6M | — | ADD 151% |
| 66 | Cinctive Capital Management LP | 353,520353,520 | $6M | — | TRIM -67% |
| 67 | Atom Investors LP | 344,630344,630 | $6M | — | ADD 74% |
| 68 | BANK OF MONTREAL /CAN/ | 343,011343,011 | $6M | — | — |
| 69 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 329,871329,871 | $6M | — | NEW |
| 70 | Public Sector Pension Investment Board | 325,446325,446 | $6M | — | — |
| 71 | MIRABELLA FINANCIAL SERVICES LLP | 294,468294,468 | $5M | — | ADD 9% |
| 72 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 292,727292,727 | $5M | — | ADD 88% |
| 73 | Trexquant Investment LP | 291,795291,795 | $5M | — | ADD 94% |
| 74 | NEW YORK STATE COMMON RETIREMENT FUND | 288,100288,100 | $5M | — | TRIM -32% |
| 75 | VANGUARD CAPITAL MANAGEMENT LLC | 283,633283,633 | $5M | — | NEW |
| 76 | AMERICAN CENTURY COMPANIES INC | 280,106280,106 | $5M | — | — |
| 77 | ENVESTNET ASSET MANAGEMENT INC | 279,664279,664 | $5M | — | ADD 59% |
| 78 | Man Group plc | 218,814218,814 | $4M | — | ADD 327% |
| 79 | MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 196,664196,664 | $4M | — | ADD 7% |
| 80 | Banco BTG Pactual S.A. | 191,081191,081 | $3M | — | NEW |
| 81 | HSBC HOLDINGS PLC | 189,000189,000 | $3M | — | ADD 7% |
| 82 | OCCUDO QUANTITATIVE STRATEGIES LP | 204,077204,077 | $3M | — | NEW |
| 83 | Brevan Howard Capital Management LP | 180,842180,842 | $3M | — | NEW |
| 84 | Steadtrust LLC | 176,630176,630 | $3M | — | — |
| 85 | SEI INVESTMENTS CO | 171,490171,490 | $3M | — | ADD 53% |
| 86 | STIFEL FINANCIAL CORP | 168,913168,913 | $3M | — | ADD 13% |
| 87 | LONGFELLOW INVESTMENT MANAGEMENT CO LLC | 161,118161,118 | $3M | — | — |
| 88 | Balyasny Asset Management L.P. | 159,641159,641 | $3M | — | TRIM -84% |
| 89 | Korea Investment CORP | 158,262158,262 | $3M | — | ADD 2% |
| 90 | BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | 157,400157,400 | $3M | — | — |
| 91 | BOOTHBAY FUND MANAGEMENT, LLC | 151,037151,037 | $3M | — | NEW |
| 92 | QUATTRO FINANCIAL ADVISORS LLC | 150,000150,000 | $3M | — | NEW |
| 93 | STRATEGY ASSET MANAGERS LLC | 149,181149,181 | $3M | — | NEW |
| 94 | Capital Research Global Investors | 144,272144,272 | $3M | — | TRIM -3% |
| 95 | LPL Financial LLC | 129,178129,178 | $2M | — | ADD 44% |
| 96 | LEVIN CAPITAL STRATEGIES, L.P. | 127,738127,738 | $2M | — | TRIM -47% |
| 97 | Quantinno Capital Management LP | 122,587122,587 | $2M | — | ADD 82% |
| 98 | Mitsubishi UFJ Trust & Banking Corp | 122,359122,359 | $2M | — | TRIM -38% |
| 99 | IPG Investment Advisors LLC | 120,800120,800 | $2M | — | ADD 9% |
| 100 | ROYAL BANK OF CANADA | 115,474115,474 | $2M | — | ADD 28% |
Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.
| Holder | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| BNDES Participacoes S.A. | — | — | — | — | 199.3M | 199.3M | $3.6B |
| BlackRock, Inc. | — | — | 1.7M | 23.4M | 25.5M | 28.8M | $518M |
| Davis Selected Advisers | — | — | — | — | 11.9M | 26.2M | $471M |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | — | — | 376K | 4.0M | 3.5M | 7.7M | $138M |
| AMERIPRISE FINANCIAL INC | — | — | 27K | 6.6M | 6.8M | 6.7M | $120M |
| D. E. Shaw & Co., Inc. | — | — | 1.2M | 9.7M | 7.2M | 6.4M | $115M |
| STATE STREET CORP | — | — | 5.8M | 5.8M | 6.1M | 6.2M | $111M |
| DEUTSCHE BANK AG\ | — | — | 5K | 1.6M | 4.7M | 5.3M | $95M |
| Alberta Investment Management Corp | — | — | 1.4M | 4.2M | 4.6M | 5.0M | $90M |
| RAYMOND JAMES FINANCIAL INC | — | — | 74K | 2.2M | 3.0M | 3.8M | $68M |
| MORGAN STANLEY | — | — | 7.6M | 4.5M | 4.1M | 3.6M | $65M |
| MARSHALL WACE, LLP | — | — | 356K | 3.1M | 2.0M | 3.6M | $65M |
| TWO SIGMA INVESTMENTS, LP | — | — | — | 2.3M | 467K | 3.6M | $64M |
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT | — | — | 418K | 480K | 2.9M | 3.4M | $60M |
| BNP PARIBAS FINANCIAL MARKETS | — | — | 349K | 2.8M | 2.6M | 3.1M | $56M |
Shares reported each quarter by the largest current holders. Green = added vs the prior filing, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
Holder count only — too few computable %-of-shares-outstanding quarters for a % pane. Line breaks are quarters with no 13F record, never interpolated.
| Quarter | Holders | Shares held | % shares out | Value held |
|---|---|---|---|---|
| 2026-Q1 | 246 | 375,540,167 | — | $6.7B |
| 2025-Q4 | 237 | 353,541,849 | — | $5.1B |
| 2025-Q3 | 233 | 155,868,948 | — | $2.3B |
| 2025-Q2 | 168 | 77,588,758 | — | $1.1B |
| 2024-Q2 | 1 | 60,000 | — | $876,600 |
| 2023-Q4 | 1 | 173,350 | — | $2M |
Short interest has its own tab now — open SI →
Source: SEC Form 13F — every institution manager (≥ $100M in 13F securities) reporting a long US-listed position, across ~10,250 filers over 10 years of history. 13F is long-only, US-listed, filed up to 45 days after quarter-end.
Source: SEC Schedule 13D/13G structured XML. 13D = active intent; 13G filers report passively (Rule 13d-1(b) QII / 13d-1(c) Passive / 13d-1(d) Exempt) and are not activists. Percent and delta are the group aggregate the filing reports. Structured 13D/G coverage begins December 2024 (SEC XML mandate).
| Biggest buyers | Δ shares | Δ value | |
|---|---|---|---|
| Davis Selected Advisers | +14,389,919 | $258M | ADD |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | +4,147,304 | $74M | ADD |
| BlackRock, Inc. | +3,284,423 | $59M | ADD |
| TWO SIGMA INVESTMENTS, LP | +3,108,760 | $56M | ADD |
| NEUBERGER BERMAN GROUP LLC | +1,576,151 | $28M | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Woodline Partners LP | −3,442,078 | $62M | TRIM |
| CITADEL ADVISORS LLC | −2,026,655 | $36M | TRIM |
| VANGUARD GROUP INC | −1,598,584 | $29M | CLOSE |
| MASON CAPITAL MANAGEMENT LLC | −1,306,000 | $23M | CLOSE |
| Point72 Asset Management, L.P. | −1,103,696 | $20M | CLOSE |
The 2025-Q4 register is as-filed in ITS OWN share basis; every count below was rebased into the 2026-Q1 basis (no split in between, factor 1). Dollar figures value the SHARE delta at one price — the 2026-03-31 close — rather than differencing two filings' own reported values, which would mix the quarter's price move into the trade figure.
13Fs disclose LONG US-listed positions only — shorts, most derivatives, bonds and non-US listings are invisible here, and a filer's quarter-over-quarter change is not necessarily a trade (index rebalances, in-kind transfers and entity successions all read as flow).
