BNDES Participacoes S.A.

Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.

Reported portfolio value by quarter (3 quarters reported)

$3.58B $2.36B

Q4 25 Q1 26 Q2 26

$2.87B in Q4 2025 → $2.36B now. Hover for any quarter.

Holdings

As reported for the quarter ended June 30, 2026. Activity is the change in share count since the prior quarter's filing.

Holding	% of portfolio	Activity	Shares	Value
JN Jbs N.v.	100.0%	Trimmed 0.0%	199,288,206	$2.36B

What changed each quarter, from the filings' own share counts. Largest moves first; most recent 2 quarters.

quarter ended June 30, 2026 · filed August 14, 2026

Company	Action	Shares changed	Value of change	% of portfolio
JN Jbs N.v.	Trimmed	−23,438	−$278K	100.0%

quarter ended March 31, 2026 · filed May 12, 2026

No position changes this quarter.

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