TIM Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of TIMBD?
Owner Type	Number of Shares	Ownership Percentage
General Public	387,628,109	16%
Institutions	420,760,038	17.4%
Private Companies	1,611,969,946	66.6%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 78.88% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
66.6%	TIM Brasil Serviços e Participações S.A.	1,611,969,946	US$4.1b	0%	no data
2.32%	BlackRock, Inc.	56,051,206	US$144.0m	-0.2%	no data
1.92%	Norges Bank Investment Management	46,575,843	US$119.7m	0%	0.02%
1.38%	The Vanguard Group, Inc.	33,391,581	US$85.8m	1.3%	no data
0.98%	Capital Research and Management Company	23,631,708	US$60.7m	0%	no data
0.59%	Pictet Asset Management Limited	14,262,977	US$36.6m	33.8%	0.03%
0.5%	Moat Capital Gestao De Recursos Ltda	12,051,218	US$31.0m	-6.46%	6.89%
0.45%	Dimensional Fund Advisors LP	10,776,068	US$27.7m	1.47%	0.01%
0.37%	Macquarie Investment Management Business Trust	9,031,210	US$23.2m	-1.41%	0.02%
0.36%	J.P. Morgan Asset Management, Inc.	8,808,749	US$22.6m	15.3%	no data
0.36%	Schroder Investment Management North America Inc.	8,595,920	US$22.1m	21.9%	0.08%
0.31%	Vinci Equities Gestora de Recursos LTDA	7,538,602	US$19.4m	-39.3%	2.05%
0.27%	GoldenTree Asset Management LP	6,447,230	US$16.6m	1.38%	0.85%
0.26%	Brandes Investment Partners, LP	6,196,670	US$15.9m	-14%	0.17%
0.24%	Merrill Lynch & Co. Inc., Banking Investments	5,763,770	US$14.8m	-63.6%	0.01%
0.24%	AXA Investment Managers S.A.	5,700,300	US$14.6m	0%	0.03%
0.22%	AP Fonden 2	5,399,400	US$13.9m	0%	0.1%
0.22%	BB Gestão de Recursos - Distribuidora de Títulos e Valores Mobiliários S.A.	5,376,240	US$13.8m	-0.36%	0.3%
0.21%	Grantham Mayo Van Otterloo & Co. LLC	5,144,600	US$13.2m	-22%	0.05%
0.21%	Vokin Investimentos	5,091,600	US$13.1m	-7.87%	8.3%
0.21%	Ibirapuera Performance Investimentos Ltda.	5,023,194	US$12.9m	-31%	4.97%
0.2%	Itau USA Asset Management Inc.	4,896,515	US$12.6m	3,050%	0.75%
0.16%	Fundação dos Economiários Federais	3,860,182	US$9.9m	-2.88%	0.51%
0.16%	Itau Unibanco S.A., Asset Management Arm	3,839,079	US$9.9m	-8.8%	0.15%
0.16%	Arrowstreet Capital, Limited Partnership	3,764,229	US$9.7m	2,170%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2022/11/09 14:35
End of Day Share Price	2022/08/12 00:00
Earnings	2022/09/30
Annual Earnings	2021/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

TIM S.A. is covered by 47 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Beatriz Battelli	Banco Brascan S.A.
Michel Morin	Barclays
Mathieu Robilliard	Barclays