TIM S.A. - Depositary Receipt (Common Stock)
DE ˙ DB
18,40 € ↓ -0,20 (-1,08%)
2026-06-04
DEL PRIS
SecurityDE:TCZ / TIM S.A. - Depositary Receipt (Common Stock)
InstitutionRenaissance Technologies Llc
ManagerJames Simons
Latest Disclosed Ownership1,786,425 shares
Latest Disclosed Value $ 47,322,398
Renaissance Technologies Llc reports 3.35% decrease in ownership of TCZ / TIM S.A. - Depositary Receipt (Common Stock)

On May 14, 2026 - Renaissance Technologies Llc filed a 13F-HR form disclosing ownership of 1,786,425 shares of TIM S.A. - Depositary Receipt (Common Stock) (DE:TCZ) valued at $39,658,635 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 1,848,386 shares of TIM S.A. - Depositary Receipt (Common Stock). This represents a change in shares of -3.35% during the quarter. The current value of the position is $32,870,220 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)
2026-05-14 2026-03-31 13F TIM S A SPONSORED ADR 88706T108 1,786,425 -61,961 -3.35 47,322 31.63 0.0740
2026-02-12 2025-12-31 13F TIM S A SPONSORED ADR 88706T108 1,848,386 82,700 4.68 35,951 -8.78 0.0558
2025-11-13 2025-09-30 13F TIM S A SPONSORED ADR 88706T108 1,765,686 84,000 4.99 39,410 16.54 0.0520
2025-08-13 2025-06-30 13F TIM S A SPONSORED ADR 88706T108 1,681,686 56,300 3.46 33,819 32.95 0.0450
2025-05-14 2025-03-31 13F TIM S A SPONSORED ADR 88706T108 1,625,386 -93,202 -5.42 25,437 25.86 0.0385
2025-02-13 2024-12-31 13F TIM S A SPONSORED ADR 88706T108 1,718,588 283,002 19.71 20,211 -18.24 0.0299
2024-11-13 2024-09-30 13F TIM S A SPONSORED ADR 88706T108 1,435,586 71,538 5.24 24,721 26.56 0.0372
2024-08-09 2024-06-30 13F TIM S A SPONSORED ADR 88706T108 1,364,048 142,862 11.70 19,533 92,914.29 0.0331
2024-05-13 2024-03-31 13F TIM S A SPONSORED ADR 88706T108 1,221,186 119,700 10.87 22 5.00 0.0341
2024-02-13 2023-12-31 13F TIM S A SPONSORED ADR 88706T108 1,101,486 151,700 15.97 20 42.86 0.0315
2023-11-14 2023-09-30 13F TIM S A SPONSORED ADR 88706T108 949,786 115,500 13.84 14 16.67 0.0241
2023-08-11 2023-06-30 13F TIM S A SPONSORED ADR 88706T108 834,286 110,500 15.27 13 50.00 0.0184
2023-05-12 2023-03-31 13F TIM S A SPONSORED ADR 88706T108 723,786 10,947 1.54 9 0.00 0.0119
2023-02-13 2022-12-31 13F TIM S A SPONSORED ADR 88706T108 712,839 -70,409 -8.99 8 -99.91 0.0114
2022-11-14 2022-09-30 13F TIM S A SPONSORED ADR 88706T108 783,248 60,662 8.40 8,757 -0.25 0.0124
2022-08-12 2022-06-30 13F TIM S A SPONSORED ADR 88706T108 722,586 42,400 6.23 8,779 -10.99 0.0104
2022-05-13 2022-03-31 13F TIM S A SPONSORED ADR 88706T108 680,186 6,100 0.90 9,863 25.71 0.0116
2022-02-11 2021-12-31 13F TIM S A SPONSORED ADR 88706T108 674,086 -1,610 -0.24 7,846 8.12 0.0098
2021-11-12 2021-09-30 13F TIM S A SPONSORED ADR 88706T108 675,696 -5,900 -0.87 7,257 -7.58 0.0094
2021-08-13 2021-06-30 13F TIM S A SPONSORED ADR 88706T108 681,596 -140,062 -17.05 7,852 -15.81 0.0098
2021-05-13 2021-03-31 13F TIM S A SPONSORED ADR 88706T108 821,658 -122,538 -12.98 9,326 -29.04 0.0116
2021-02-10 2020-12-31 13F TIM S A SPONSORED ADR 88706T108 944,196 944,196 13,143 0.0143
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.