Vale S.A. - Depositary Receipt (Common Stock)
DE ˙ DB ˙ US91912E1055
14,20 € ↑0,65 (4,80%)
2026-06-05
DEL PRIS
SecurityDE:CVLB / Vale S.A. - Depositary Receipt (Common Stock)
InstitutionOrbis Allan Gray Ltd
Latest Disclosed Ownership19,372,500 shares
Latest Disclosed Value $ 308,216,475
Orbis Allan Gray Ltd reports 6.20% increase in ownership of CVLB / Vale S.A. - Depositary Receipt (Common Stock)

On May 15, 2026 - Orbis Allan Gray Ltd filed a 13F-HR form disclosing ownership of 19,372,500 shares of Vale S.A. - Depositary Receipt (Common Stock) (DE:CVLB) valued at $260,560,125 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 18,242,181 shares of Vale S.A. - Depositary Receipt (Common Stock). This represents a change in shares of 6.20% during the quarter. The current value of the position is $275,089,500 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F VALE S A SPONSORED ADS 91912E105 19,372,500 1,130,319 6.20 308,216 29.67 0.9541
2026-02-17 2025-12-31 13F VALE S A SPONSORED ADS 91912E105 18,242,181 4,668,386 34.39 237,696 61.25 0.9960
2025-11-14 2025-09-30 13F VALE S A SPONSORED ADS 91912E105 13,573,795 -6,091,594 -30.98 147,411 -22.80 0.6327
2025-08-14 2025-06-30 13F VALE S A SPONSORED ADS 91912E105 19,665,389 -11,592,600 -37.09 190,951 -38.79 0.9285
2025-05-15 2025-03-31 13F VALE S A SPONSORED ADS 91912E105 31,257,989 19,500,437 165.85 311,955 199.12 1.7843
2025-02-14 2024-12-31 13F VALE S A SPONSORED ADS 91912E105 11,757,552 11,757,552 104,289 0.5611
2023-11-14 2023-09-30 13F VALE S A SPONSORED ADS 91912E105 0 -15,688,188 -100.00 0 -100.00
2023-08-14 2023-06-30 13F VALE S A SPONSORED ADS 91912E105 15,688,188 1,285,574 8.93 210,535 -7.36 1.5066
2023-05-15 2023-03-31 13F VALE S A SPONSORED ADS 91912E105 14,402,614 2,668,162 22.74 227,273 14.13 1.7871
2023-02-14 2022-12-31 13F VALE S A SPONSORED ADS 91912E105 11,734,452 -8,979,361 -43.35 199,134 -27.83 1.5811
2022-11-14 2022-09-30 13F VALE S A SPONSORED ADS 91912E105 20,713,813 1,028,824 5.23 275,908 -4.20 2.2624
2022-08-15 2022-06-30 13F VALE S A SPONSORED ADS 91912E105 19,684,989 1,353,799 7.39 287,991 -21.41 2.3163
2022-05-16 2022-03-31 13F VALE S A SPONSORED ADS 91912E105 18,331,190 3,150,958 20.76 366,440 72.18 2.6744
2022-02-14 2021-12-31 13F VALE S A SPONSORED ADS 91912E105 15,180,232 15,180,232 212,827 1.5748
2021-05-17 2021-03-31 13F VALE S A SPONSORED ADS 91912E105 0 -3,419,555 -100.00 0 -100.00
2021-02-16 2020-12-31 13F VALE S A SPONSORED ADS 91912E105 3,419,555 -1,612,954 -32.05 57,312 7.64 0.4151
2020-11-16 2020-09-30 13F VALE S A SPONSORED ADS 91912E105 5,032,509 -26,005,518 -83.79 53,244 -83.36 0.4190
2020-08-14 2020-06-30 13F VALE S A SPONSORED ADS 91912E105 31,038,027 -2,646,207 -7.86 320,002 14.60 2.4080
2020-05-15 2020-03-31 13F VALE S A SPONSORED ADS 91912E105 33,684,234 306,735 0.92 279,242 -36.62 2.6583
2020-02-14 2019-12-31 13F VALE S A SPONSORED ADS 91912E105 33,377,499 0 0.00 440,583 14.78 3.0759
2019-11-14 2019-09-30 13F VALE S A SPONSORED ADS 91912E105 33,377,499 -1,814,555 -5.16 383,841 -18.85 2.8353
2019-08-14 2019-06-30 13F VALE S A SPONSORED ADS 91912E105 35,192,054 -7,624,347 -17.81 472,981 -15.42 3.4047
2019-05-15 2019-03-31 13F VALE S A SPONSORED ADS 91912E105 42,816,401 -3,526,488 -7.61 559,182 -8.52 3.7924
2019-02-14 2018-12-31 13F VALE S A ADR 91912E105 46,342,889 -12,447,659 -21.17 611,263 -29.94 4.4011
2018-11-14 2018-09-30 13F VALE S A ADR 91912E105 58,790,548 -1,865,616 -3.08 872,452 12.20 5.0096
2018-08-14 2018-06-30 13F VALE S A ADR 91912E105 60,656,164 6,765,549 12.55 777,612 13.44 4.3185
2018-05-15 2018-03-31 13F VALE S A ADR 91912E105 53,890,615 33,452,004 163.67 685,489 174.24 3.9175
2018-02-14 2017-12-31 13F VALE S A ADR 91912E105 20,438,611 3,617,688 21.51 249,964 47.57 1.4673
2017-11-14 2017-09-30 13F VALE S A ADR 91912E105 16,820,923 16,820,923 169,387 1.0449
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.