Telefonica Brasil S.a.: which funds bought and sold

Institutions that bought and sold Telefonica Brasil shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 120 institutions that filed 13F reports for both quarters added to or opened positions in Telefonica Brasil, and 107 cut or closed them. Together they sold a net 2.9M shares, −4.4% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 738K shares (−5.5%); index fund managers were net sellers of 1.4M shares (−14.9%). 34 opened a new position and 32 sold out entirely.

Bought, Q2 2026 120 institutions, 34 of them new holders Sold, Q2 2026 107 institutions, 32 of them sold out

Net change, all compared −2.9M shares (−4.4%)

Net change, active managers −738K shares (−5.5%), 10 bought, 13 sold

Buyers versus sellers

institutions compared, 254

120 bought 27 107 sold

Active managers and hedge funds 10 bought · 13 sold · −738K

Index fund managers 1 bought · 4 sold · −1.4M

Other institutions 109 bought · 90 sold · −737K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Brandes Investment Partners, LP Active manager	+1.5M +61.8%	4.0M	$52.2M
Tredje Ap-Fonden	+622K +737.4%	707K	$9.3M
Morgan Stanley	+428K +73.4%	1.0M	$13.3M
Bank Of America Corp	+411K +271.4%	563K	$7.4M
Connor, Clark & Lunn Investment Management Ltd.	+266K +52.9%	769K	$10.1M
Creative Planning	+250K +72.7%	593K	$7.8M
Royal Bank Of Canada	+235K +59.9%	627K	$8.3M
Wells Fargo & Company	+200K +35.6%	760K	$10M
Tidal Investments LLC	+168K +54.5%	477K	$6.3M
Diversify Advisory Services, LLC	+166K New position	166K	$2.3M
HRT Financial LP	+134K +705.5%	153K	$2M
Quantinno Capital Management LP	+109K +57.5%	300K	$3.9M
Envestnet Asset Management Inc	+105K +13.1%	911K	$12M
B. Metzler Seel. Sohn & Co. AG	+104K +286.3%	140K	$1.8M
Northwest & Ethical Investments L.P.	+95K +182.9%	147K	$1.9M
Ramirez Asset Management, Inc.	+84K +17.8%	556K	$7.3M
First Trust Advisors LP	+82K +18.7%	520K	$6.8M
Nuveen, LLC	+72K New position	72K	$942,890
Citigroup Inc	+71K +44.9%	230K	$3M
Astoria Portfolio Advisors Llc.	+63K New position	63K	$831,936

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Brandes Investment Partners, LP Active manager	+1.5M +61.8%	4.0M	$52.2M
Quantbot Technologies LP Hedge fund	+30K New position	30K	$392,286
Franklin Resources Inc Active manager	+29K +27.4%	134K	$1.8M
American Century Companies Inc Active manager	+22K +11.8%	212K	$2.8M
O'Shaughnessy Asset Management, LLC Active manager	+17K +2.1%	862K	$11.3M
Schroder Investment Management Group Active manager	+11K New position	11K	$145,877
Lazard Asset Management LLC Active manager	+9,519 +78.9%	22K	$284,098
AQR Capital Management LLC Hedge fund	+7,448 +43.5%	25K	$323,565
D. E. Shaw & Co., Inc. Hedge fund	+5,429 +5.5%	104K	$1.4M
FMR LLC Active manager	+855 +0.4%	197K	$2.6M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Robeco Institutional Asset Management B.V.	−2.3M −13.0%	15.4M	$203M
Blackrock, Inc. Index funds	−1.3M −17.0%	6.5M	$85.5M
Two Sigma Investments, LP Hedge fund	−757K −70.4%	319K	$4.2M
Goldman Sachs Group Inc	−444K −61.8%	274K	$3.6M
Arrowstreet Capital, Limited Partnership Hedge fund	−419K −9.1%	4.2M	$55.1M
Qube Research & Technologies Ltd Hedge fund	−356K −67.8%	169K	$2.2M
Nomura Asset Management International Inc.	−304K −15.7%	1.6M	$21.5M
Point72 Asset Management, L.P. Hedge fund	−298K −70.2%	127K	$1.7M
Opal Capital LLC	−267K Sold out	0	—
Renaissance Technologies LLC Hedge fund	−260K −17.7%	1.2M	$15.9M
Lesa Sroufe & Co	−229K Sold out	0	—
Handelsbanken Fonder AB	−207K Sold out	0	—
Barclays PLC	−194K −90.8%	20K	$259,686
Aquatic Capital Management LLC	−93K Sold out	0	—
Jpmorgan Chase & Co	−90K −45.3%	109K	$1.4M
Citadel Advisors LLC Hedge fund	−89K −26.6%	246K	$3.2M
Legal & General Group PLC	−84K Sold out	0	—
Carrera Capital Advisors	−76K −38.3%	123K	$1.7M
Schonfeld Strategic Advisors LLC Hedge fund	−70K Sold out	0	—
V-Square Quantitative Management LLC	−69K −93.2%	5,032	$66,221

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Two Sigma Investments, LP Hedge fund	−757K −70.4%	319K	$4.2M
Arrowstreet Capital, Limited Partnership Hedge fund	−419K −9.1%	4.2M	$55.1M
Qube Research & Technologies Ltd Hedge fund	−356K −67.8%	169K	$2.2M
Point72 Asset Management, L.P. Hedge fund	−298K −70.2%	127K	$1.7M
Renaissance Technologies LLC Hedge fund	−260K −17.7%	1.2M	$15.9M
Citadel Advisors LLC Hedge fund	−89K −26.6%	246K	$3.2M
Schonfeld Strategic Advisors LLC Hedge fund	−70K Sold out	0	—
Wellington Management Group LLP Active manager	−34K −28.4%	85K	$1.1M
Acadian Asset Management LLC Active manager	−31K Sold out	0	—
Engineers Gate Manager LP Hedge fund	−28K −67.0%	14K	$179,305

New positions

largest by value

Institution	Shares	Value June 30, 2026
Diversify Advisory Services, LLC	166K	$2.3M
Nuveen, LLC	72K	$942,890
Astoria Portfolio Advisors Llc.	63K	$831,936
Xtx Topco Ltd	62K	$814,565
Quantbot Technologies LPHedge fund	30K	$392,286
Mml Investors Services, LLC	17K	$230,259
Mirae Asset Global Investments Co., Ltd.	17K	$220,259
Bridgewater Advisors Inc.	16K	$201,702
Focus Partners Wealth	15K	$200,442
Qrg Capital Management, Inc.	14K	$181,209

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Opal Capital LLC	267K	$4.3M
Lesa Sroufe & Co	229K	$3.6M
Handelsbanken Fonder AB	207K	$3.3M
Aquatic Capital Management LLC	93K	$1.5M
Legal & General Group PLC	84K	$1.3M
Schonfeld Strategic Advisors LLCHedge fund	70K	$1.1M
Vestmark Advisory Solutions, Inc.	49K	$777,585
Pinebridge Investments LLC	47K	$741,486
Axq Capital, LP	33K	$519,477
Acadian Asset Management LLCActive manager	31K	$495,000

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 226
Ten largest holders: 67.0%
Index fund managers: 12.6%
Active managers and hedge funds: 20.3%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	10	13	2	4	−738K	−5.5%
Index fund managers	1	4	0	0	−1.4M	−14.9%
Other institutions	109	90	32	28	−737K	−1.7%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Telefonica Brasil.

Only managers that filed a holdings report for both quarters are compared (254 here). 8 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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