Managers / Q1 2026
BNDES Participacoes S.A.
CIK 0001715696 · AV. REPUBLICA DO CHILE, 100 - 20 ANDAR, CENTRO, RIO DE JANEIRO, D5, 20031-917 · 55 21 3747-7447
Summary
Bndes Participacoes S.A. reported $3.6B in U.S.-listed holdings across 1 positions for Q1 2026.
The portfolio is heavily concentrated: Jbs N V alone accounts for 100.0% of reported value.
The book was largely unchanged from Q4 2025.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Other · 100.0% · $3.6B
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| JBS N.V. | HELD | +0 | 199.31M | +$706M | $3.6B |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | JBS N.V. | Common Stock | 100.00% | $3.6B | 199.31M |
Filing History
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.