Vulcabras 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 VULC3?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	-3,234	-0.00119%
General Public	43,648,700	16.1%
Institutions	54,174,990	19.9%
Individual Insiders	173,846,544	64%

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

Top Shareholders

Top 25 shareholders own 82.33% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
48.5%	Pedro Bartelle	131,741,901	R$2.6b	-9.21%	no data
4.95%	Guepardo Investimentos Ltda.	13,441,500	R$269.4m	-50.6%	7.29%
4.92%	Pedro Bartelle	13,372,170	R$268.0m	0%	no data
4.23%	Andre de Camargo Bartelle	11,488,935	R$230.2m	0%	no data
3.49%	Gabriella de Camargo Bartelle	9,490,753	R$190.2m	0%	no data
2.85%	Giovana Bartelle	7,752,785	R$155.4m	0%	no data
1.7%	Mirae Asset Global Investments Co., Ltd.	4,606,960	R$92.3m	3.57%	0.01%
1.69%	BTG Pactual Asset Management SA Distribuidora de Títulos e Valores Mobiliários	4,596,454	R$92.1m	0%	0.23%
1.57%	REAL Investor Gestao de Recursos Ltda.	4,252,626	R$85.2m	0%	3.53%
1.56%	The Vanguard Group, Inc.	4,247,135	R$85.1m	-0.96%	no data
0.87%	SPX Equities Gestao De Recursos Ltda.	2,353,053	R$47.2m	0%	0.36%
0.77%	L4e Fundo de Investimento Multimercado Credito Privado Investimento	2,088,755	R$41.9m	0%	no data
0.69%	BB Gestão de Recursos - Distribuidora de Títulos e Valores Mobiliários S.A.	1,879,800	R$37.7m	0%	0.16%
0.68%	LarrainVial Asset Management Administradora General de Fondos SA	1,838,576	R$36.8m	0%	0.23%
0.57%	fama re.capital LTDA	1,547,300	R$31.0m	0%	10.28%
0.52%	Dimensional Fund Advisors LP	1,402,992	R$28.1m	0%	no data
0.47%	BlackRock, Inc.	1,280,763	R$25.7m	0.57%	no data
0.43%	Moneda Administradora de Fondos de Inversion SA	1,181,113	R$23.7m	0%	0.39%
0.38%	Kinea Investimentos Ltda.	1,041,820	R$20.9m	0%	2.58%
0.34%	Real Investor Asset Management LTDA	925,251	R$18.5m	0%	3.5%
0.28%	Versa Gestora de Recursos Ltda.	752,500	R$15.1m	0%	16.11%
0.24%	Alaska Investimentos LTDA.	650,000	R$13.0m	0%	0.16%
0.23%	Zeitgeist Tech Investimentos LTDA	623,400	R$12.5m	0%	32.76%
0.22%	Patria Investimentos Ltda	584,900	R$11.7m	0%	0.54%
0.19%	ATLAS ONE INVESTIMENTOS GESTÃO DE RECURSOS LTDA.	525,286	R$10.5m	0%	10.72%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/25 22:37
End of Day Share Price	2025/11/25 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

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.

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 Github.

Analyst Sources

Vulcabras S.A. is covered by 10 analysts. 5 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
Carlos Palhares Sequeira	BTG Pactual
Luiz Poli Guanais	BTG Pactual
Rodrigo Gastim	Itau BBA