Carrhae Capital LLP: ITAU UNIBANCO HLDG S A (ITUB): Quarterly 13F Position History
As of Q3 2026, Carrhae Capital LLP reported 21,715,203 shares of ITAU UNIBANCO HLDG S A (ITUB), worth $185.2M and representing 11.9% of its 13F equity book. Quarter-over-quarter share count change: + 12,072,197 (+125.2%) . The position first appeared in Q2 2016 and has been disclosed across 38 13F-HR filings in Pactolio's tracked window.
- 21,715,203Shares Held (Latest Filing)
- $185.2MReported Market Value (Latest Filing)
- 11.9%Portfolio Weight (% of 13F Equity Book)
- +12,072,197Quarter-over-Quarter Share Change
- +$106.4MQuarter-over-Quarter Value Change
- 21,715,203Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 38 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q3 2026 | 21,715,203 | +12,072,197 | +125.2% | $185.2M | 11.9% | $8.5 |
| Q2 2026 | 9,643,006 | 10,800,127 | -52.8% | $78.8M | 5.2% | $8.2 |
| Q1 2026 | 20,443,133 | +20,443,133 | – | $171.3M | 12.1% | $8.4 |
| Q4 2025 | 0 | 0 | – | $0 | 0.0% | – |
| Q3 2025 | 0 | 0 | – | $0 | 0.0% | – |
| Q2 2025 | 0 | 0 | – | $0 | 0.0% | – |
| Q1 2025 | 0 | 0 | – | $0 | 0.0% | – |
| Q4 2024 | 0 | 0 | – | $0 | 0.0% | – |
| Q3 2023 | 0 | 0 | – | $0 | 0.0% | – |
| Q2 2023 | 0 | 0 | – | $0 | 0.0% | – |
| Q1 2023 | 0 | 0 | – | $0 | 0.0% | – |
| Q4 2022 | 0 | 0 | – | $0 | 0.0% | – |
| Q3 2022 | 0 | 0 | – | $0 | 0.0% | – |
| Q2 2022 | 0 | 0 | – | $0 | 0.0% | – |
| Q1 2022 | 0 | 0 | – | $0 | 0.0% | – |
| Q4 2021 | 0 | 0 | – | $0 | 0.0% | – |
| Q3 2021 | 0 | 0 | – | $0 | 0.0% | – |
| Q2 2021 | 0 | 0 | – | $0 | 0.0% | – |
| Q1 2021 | 0 | 0 | – | $0 | 0.0% | – |
| Q4 2020 | 0 | 0 | – | $0 | 0.0% | – |
| Q3 2020 | 0 | 0 | – | $0 | 0.0% | – |
| Q2 2020 | 0 | 0 | – | $0 | 0.0% | – |
| Q1 2020 | 0 | 0 | – | $0 | 0.0% | – |
| Q4 2019 | 0 | 0 | – | $0 | 0.0% | – |
| Q3 2019 | 0 | 0 | – | $0 | 0.0% | – |
| Q2 2019 | 0 | 0 | – | $0 | 0.0% | – |
| Q1 2019 | 0 | 0 | – | $0 | 0.0% | – |
| Q4 2018 | 0 | 0 | – | $0 | 0.0% | – |
| Q3 2018 | 0 | 0 | – | $0 | 0.0% | – |
| Q2 2018 | 0 | 0 | – | $0 | 0.0% | – |
| Q1 2018 | 0 | 0 | – | $0 | 0.0% | – |
| Q4 2017 | 0 | 0 | – | $0 | 0.0% | – |
| Q3 2017 | 0 | 0 | – | $0 | 0.0% | – |
| Q2 2017 | 0 | 0 | – | $0 | 0.0% | – |
| Q1 2017 | 0 | 202,580 | -100.0% | $0 | 0.0% | – |
| Q4 2016 | 202,580 | 705,153 | -77.7% | $3.1M | 2.3% | $15.4 |
| Q3 2016 | 907,733 | 425,200 | -31.9% | $14.9M | 11.9% | $16.4 |
| Q2 2016 | 1,332,933 | – | – | $18.9M | 17.6% | $14.2 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares, a quarter-end mark rather than the manager's cost basis. See the full methodology document for the normalization rules.
When did Carrhae Capital LLP first disclose a ITUB position in 13F-HR filings?
Carrhae Capital LLP first reported ITAU UNIBANCO HLDG S A (ITUB) on its 13F-HR filing for the period ending 2016-06-30 (Q2 2016). The position has appeared on 38 reported quarters within Pactolio's tracked window.
What was Carrhae Capital LLP's most recent quarter-over-quarter share-count change in ITUB?
Between Q2 2026 and Q3 2026, Carrhae Capital LLP added 12,072,197 shares of ITUB (+125.2%), bringing the total reported position to 21,715,203 shares at a market value of $185.2M.
Does the implied price-per-share represent Carrhae Capital LLP's cost basis in ITUB?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.