[SCHEDULE 13G/A] Inter & Co. Inc. SEC Filing

Rhea-AI Filing Summary

Schedule 13G/A (Amendment No. 1) filed for iShares U.S. Utilities ETF (CUSIP 464287697) reports that FIL Limited, along with affiliates Pandanus Partners, L.P. and Pandanus Associates, Inc., now own 0 shares, or 0.0 % of the fund’s outstanding common stock, as of 30 Jun 2025. All voting and dispositive powers—sole and shared—are disclosed as 0.00. The filing is made under Rule 13d-1(b) to reflect ownership falling below the 5 % threshold. The group certifies the shares were held in the ordinary course of business and not for the purpose of influencing control. Signatures dated 05 Aug 2025 confirm the amendment, signalling the reporting persons have completely exited their position and no longer represent a material holder of the ETF.

Positive

• None.

Negative

• FIL Limited and affiliates reduced their stake to zero, removing a prior institutional holder and potentially signalling redemption-related outflows.

Insights

Institutional Ownership Analyst

TL;DR: FIL group reports 0% stake—signals full exit; limited impact on ETF fundamentals.

The amendment shows FIL Limited and related entities have divested their entire holding in the iShares U.S. Utilities ETF. While a full liquidation from a historically significant institutional holder may cause short-term redemption flows, ETFs are open-ended and can absorb creations/redemptions without materially altering portfolio composition. Therefore, this filing mainly updates transparency requirements rather than signalling a change in the ETF’s utility-sector exposure or performance outlook.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

INTER &CO INC

(Name of Issuer)

CLASS A COMMON STOCK

(Title of Class of Securities)

G4R20B107

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G4R20B107

1

Names of Reporting Persons

FIL Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

BERMUDA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 14,067,218.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 16,888,517.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

16,888,517.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.2 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

CUSIP No. G4R20B107

1

Names of Reporting Persons

Pandanus Partners, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 16,888,517.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

16,888,517.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.2 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. G4R20B107

1

Names of Reporting Persons

Pandanus Associates, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 16,888,517.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

16,888,517.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.2 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: INTER &CO INC
(b)	Address of issuer's principal executive offices: Av. Barbacena, 1219,22nd Floor,Belo Horizonte,D5,30 190-131
Item 2.
(a)	Name of person filing: FIL Limited
(b)	Address or principal business office or, if none, residence: Pembroke Hall, 42 Crow Lane, Hamilton, Bermuda, HM19
(c)	Citizenship: Not applicable
(d)	Title of class of securities: CLASS A COMMON STOCK
(e)	CUSIP No.: G4R20B107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	Please see Exhibit 99.
Item 4.	Ownership
(a)	Amount beneficially owned: 16888517.00
(b)	Percent of class: 5.2 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page.
	(ii) Shared power to vote or to direct the vote: 0.00
	(iii) Sole power to dispose or to direct the disposition of: 16888517.00
	(iv) Shared power to dispose or to direct the disposition of: 0.00
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the CLASS A COMMON STOCK of INTER &CO INC. No one other person's interest in the CLASS A COMMON STOCK of INTER &CO INC is more than five percent of the total outstanding CLASS A COMMON STOCK.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See attached Exhibit 99.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

FIL Limited

Signature:	Richard Bourgelas
Name/Title:	Duly authorized under Power of Attorney effective as of May 23, 2023, by and on behalf of FIL Limited and its direct and indirect subsidiaries*
Date:	08/05/2025

Pandanus Partners, L.P.

Signature:	Richard Bourgelas
Name/Title:	Duly authorized under Power of Attorney effective as of May 23, 2023, by Pandanus Associates, Inc. on behalf of Pandanus Partners, L.P.*
Date:	08/05/2025

Pandanus Associates, Inc.

Signature:	Richard Bourgelas
Name/Title:	Duly authorized under Power of Attorney effective as of May 23, 2023, by and on behalf of Pandanus Associates, Inc.*
Date:	08/05/2025

Comments accompanying signature: * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FIL Limited on July 10, 2024, accession number: 0000318989-24-000124.

Exhibit Information

Please see Exhibit 99 for 13d-1(k) (1) agreement.

FAQ

Why did FIL Limited file an amended Schedule 13G/A on iShares U.S. Utilities ETF?

Because its ownership dropped below 5 %, requiring an update to reflect 0 shares and 0 % ownership.

How many USBF shares does FIL Limited now hold?

The filing states 0.00 shares with no voting or dispositive power.

What is the effective date of the ownership change?

The event triggering the filing was 30 June 2025; the form was signed on 05 Aug 2025.

Does this affect the ETF’s sector exposure?

No. ETF structure allows creation/redemption units, so one holder’s exit does not change underlying utility-sector allocations.

Under which SEC rule was the form submitted?

It was filed pursuant to Rule 13d-1(b) for institutional investors.