Vale S.A. - Depositary Receipt (Common Stock)
US ˙ NYSE ˙ US91912E1055

SecurityVALE / Vale S.A. - Depositary Receipt (Common Stock)
InstitutionFranklin Resources Inc
Latest Disclosed Ownership1,321,035 shares
Latest Disclosed Value $ 21,017,666
Franklin Resources Inc reports 35.81% increase in ownership of VALE / Vale S.A. - Depositary Receipt (Common Stock)

On May 13, 2026 - Franklin Resources Inc filed a 13F-HR form disclosing ownership of 1,321,035 shares of Vale S.A. - Depositary Receipt (Common Stock) (US:VALE) valued at $21,017,667 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 11, 2026 disclosing 972,681 shares of Vale S.A. - Depositary Receipt (Common Stock). This represents a change in shares of 35.81% during the quarter. The current value of the position is $21,215,822 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)
2026-05-13 2026-03-31 13F VALE S A SPONSORED ADS 91912E105 1,321,035 348,354 35.81 21,018 65.83 0.0008
2026-02-11 2025-12-31 13F VALE S A SPONSORED ADS 91912E105 972,681 26,532 2.80 12,674 23.35 0.0031
2025-11-13 2025-09-30 13F VALE S A SPONSORED ADS 91912E105 946,149 80,828 9.34 10,275 22.29 0.0026
2025-08-12 2025-06-30 13F VALE S A SPONSORED ADS 91912E105 865,321 101,511 13.29 8,402 10.23 0.0022
2025-05-13 2025-03-31 13F VALE S A SPONSORED ADS 91912E105 763,810 46,901 6.54 7,623 19.88 0.0022
2025-02-12 2024-12-31 13F VALE S A SPONSORED ADS 91912E105 716,909 15,713 2.24 6,359 -18.31 0.0018
2024-11-27 2024-09-30 13F/A-1 VALE S A SPONSORED ADS 91912E105 701,196 8,489 1.23 7,783 0.59 0.0022
2024-11-12 2024-09-30 13F VALE S A SPONSORED ADS 91912E105 701,196 8,489 7,783 0.0004
2024-08-14 2024-06-30 13F VALE S A SPONSORED ADS 91912E105 692,707 9,522 1.39 7,738 -7.10 0.0024
2024-05-13 2024-03-31 13F VALE S A SPONSORED ADS 91912E105 683,185 -16,306 -2.33 8,328 -24.93 0.0026
2024-02-09 2023-12-31 13F VALE S A SPONSORED ADS 91912E105 699,491 -17,360 -2.42 11,094 15.49 0.0052
2023-11-13 2023-09-30 13F VALE S A SPONSORED ADS 91912E105 716,851 10,279 1.45 9,606 1.30 0.0049
2023-08-11 2023-06-30 13F VALE S A SPONSORED ADS 91912E105 706,572 6,238 0.89 9,482 -14.20 0.0045
2023-05-12 2023-03-31 13F VALE S A SPONSORED ADS 91912E105 700,334 -14,894 -2.08 11,051 -8.95 0.0055
2023-02-10 2022-12-31 13F VALE S A SPONSORED ADS 91912E105 715,228 -23,212 -3.14 12,137 23.38 0.0063
2022-11-14 2022-09-30 13F VALE S A SPONSORED ADS 91912E105 738,440 -63,114 -7.87 9,837 -16.11 0.0054
2022-08-11 2022-06-30 13F VALE S A SPONSORED ADS 91912E105 801,554 -31,131 -3.74 11,726 -29.55 0.0058
2022-05-13 2022-03-31 13F VALE S A SPONSORED ADS 91912E105 832,685 136,779 19.65 16,645 70.61 0.0067
2022-02-11 2021-12-31 13F VALE S A SPONSORED ADS 91912E105 695,906 237,738 51.89 9,756 52.63 0.0035
2021-11-12 2021-09-30 13F VALE S A SPONSORED ADS 91912E105 458,168 -429,004 -48.36 6,392 -68.41 0.0024
2021-08-13 2021-06-30 13F VALE S A SPONSORED ADS 91912E105 887,172 149,430 20.26 20,237 57.82 0.0077
2021-05-13 2021-03-31 13F VALE S A SPONSORED ADS 91912E105 737,742 46,505 6.73 12,823 10.69 0.0052
2021-02-10 2020-12-31 13F VALE S A SPONSORED ADS 91912E105 691,237 20,328 3.03 11,585 63.21 0.0049
2020-11-12 2020-09-30 13F VALE S A SPONSORED ADS 91912E105 670,909 464,460 224.98 7,098 196.86 0.0034
2020-08-13 2020-06-30 13F VALE S A SPONSORED ADS 91912E105 206,449 53,285 34.79 2,391 88.42 0.0012
2020-05-13 2020-03-31 13F VALE S A SPONSORED ADS 91912E105 153,164 4,765 3.21 1,269 -35.22 0.0008
2020-03-11 2019-12-31 13F/A-1 VALE S A SPONSORED ADS 91912E105 148,399 52,400 54.58 1,959 77.45 0.0010
2020-02-12 2019-12-31 13F VALE S A SPONSORED ADS 91912E105 148,399 52,400 1,959 1,034.9907
2019-11-14 2019-09-30 13F VALE S A SPONSORED ADS 91912E105 95,999 19,900 26.15 1,104 7.92 0.0006
2019-08-14 2019-06-30 13F VALE S A SPONSORED ADS 91912E105 76,099 20,700 37.37 1,023 41.30 0.0005
2019-05-15 2019-03-31 13F/A-1 VALE S A SPONSORED ADS 91912E105 55,399 0 0.00 724 -0.96 0.0004
2019-05-14 2019-03-31 13F VALE S A SPONSORED ADS 91912E105 55,399 0 724
2019-02-12 2018-12-31 13F VALE S A ADR 91912E105 55,399 0 0.00 731 -11.07 0.0004
2018-11-13 2018-09-30 13F VALE S A ADR 91912E105 55,399 0 0.00 822 15.77 0.0004
2018-08-14 2018-06-30 13F VALE S A ADR 91912E105 55,399 0 0.00 710 0.57 0.0004
2018-05-10 2018-03-31 13F VALE S A ADR 91912E105 55,399 0 0.00 706 4.13 0.0004
2018-02-14 2017-12-31 13F VALE S A ADR 91912E105 55,399 0 0.00 678 21.51 0.0003
2017-11-13 2017-09-30 13F VALE S A ADR 91912E105 55,399 0 0.00 558 15.05 0.0003
2017-08-10 2017-06-30 13F VALE S A ADR 91912E105 55,399 0 0.00 485 -7.79 0.0002
2017-05-12 2017-03-31 13F VALE S A ADR 91912E105 55,399 0 0.00 526 24.64 0.0003
2017-02-14 2016-12-31 13F VALE S A ADR 91912E105 55,399 0 0.00 422 38.36 0.0002
2016-11-14 2016-09-30 13F VALE S A ADR 91912E105 55,399 0 0.00 305 8.93 0.0002
2016-08-11 2016-06-30 13F VALE S A ADR 91912E105 55,399 -2,000 -3.48 280 15.70 0.0002
2016-05-10 2016-03-31 13F VALE S A ADR 91912E105 57,399 -32,720 -36.31 242 -18.52 0.0001
2016-04-27 2015-12-31 13F/A-1 VALE S A ADR 91912E105 90,119 -11,983 -11.74 297 -30.77 0.0002
2016-02-12 2015-12-31 13F VALE S A ADR 91912E105 90,119 297
2015-11-10 2015-09-30 13F VALE S A ADR 91912E105 102,102 -30,001 -22.71 429 -44.86 0.0002
2015-08-12 2015-06-30 13F VALE S A ADR 91912E105 132,103 -93,972 -41.57 778 -39.12 0.0004
2015-05-14 2015-03-31 13F VALE S A ADR 91912E105 226,075 0 0.00 1,278 -30.88 0.0006
2015-02-10 2014-12-31 13F VALE S A ADR 91912E105 226,075 -140,437 -38.32 1,849 -54.18 0.0008
2014-11-12 2014-09-30 13F VALE S A ADR 91912E105 366,512 -367 -0.10 4,035 -16.87 0.0018
2014-08-12 2014-06-30 13F VALE S A ADR 91912E105 366,879 -150,023 -29.02 4,854 -32.10 0.0021
2014-05-13 2014-03-31 13F VALE S A ADR 91912E105 516,902 -767,768 -59.76 7,149 -63.51 0.0034
2014-02-12 2013-12-31 13F VALE S A ADR 91912E105 1,284,670 -488,770 -27.56 19,592 -29.23 0.0096
2013-11-14 2013-09-30 13F VALE S A ADR 91912E105 1,773,440 -2,160 -0.12 27,683 18.56 0.0147
2013-08-09 2013-06-30 13F VALE S A ADR 91912E105 1,775,600 1,775,600 23,349 0.0133
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.