Itau Unibanco Holding S.A. ownership disclosure by BlackRock, Inc. reports beneficial ownership of 453,026,569 preferred shares, representing 8.4% of the class. The filing states BlackRock has sole voting power over 432,748,247 shares and sole dispositive power over 453,026,569 shares. The filing is an amendment to a Schedule 13G/A and reflects aggregated holdings across certain BlackRock business units.
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Insights
BlackRock reports an 8.4% stake in Itau Unibanco preferred shares.
BlackRock's Schedule 13G/A amendment lists 453,026,569 preferred shares as beneficially owned with sole dispositive power. The filing aggregates holdings across Reporting Business Units, per SEC Release No. 34-39538.
Holder-level decisions will determine any future transactions; cash-flow treatment or planned dispositions are not disclosed in the excerpt.
Large passive holding with concentrated voting power noted.
The filing shows sole voting power of 432,748,247 shares, indicating voting control within the reported stake. The statement about multiple beneficiaries suggests holdings may represent pooled client positions or funds.
Ownership thresholds and any voting coordination are not detailed; further filings could clarify whether holdings are managed on behalf of clients.
Key Figures
Beneficial ownership:453,026,569 sharesPercent of class:8.4%Sole voting power:432,748,247 shares+2 more
Sole voting power432,748,247 sharesSole power to vote or to direct the vote
Sole dispositive power453,026,569 sharesSole power to dispose or direct disposition
FormSchedule 13G/AAmendment No. 12
Key Terms
Schedule 13G/A, beneficially owned, sole dispositive power, Reporting Business Units
4 terms
Schedule 13G/Aregulatory
"Amendment to the Schedule 13G/A reporting beneficial ownership"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
beneficially ownedfinancial
"securities beneficially owned, or deemed to be beneficially owned"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole dispositive powerfinancial
"Sole power to dispose or to direct the disposition of: 453,026,569"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Reporting Business Unitsregulatory
"aggregated holdings across certain Reporting Business Units"
What stake does BlackRock report in Itau Unibanco (ITUB)?
BlackRock reports beneficial ownership of 453,026,569 preferred shares, equal to 8.4% of the class. The filing lists sole voting power over 432,748,247 shares and sole dispositive power over 453,026,569 shares.
Does the Schedule 13G/A show who receives dividends or sale proceeds?
The filing states various persons may have rights to dividends or sale proceeds but does not identify any single person over 5%. A detailed beneficiary list for investment-company shareholders is not required in this disclosure.
What type of securities are covered in this filing for ITUB?
The Schedule 13G/A amendment covers Preferred Stock of Itau Unibanco Holding S.A., CUSIP P5968U113. The filing aggregates holdings across certain BlackRock Reporting Business Units per the cited SEC release.
Who signed the Schedule 13G/A amendment for BlackRock?
The filing is signed by Spencer Fleming, Managing Director, with a signature date of 04/28/2026. Exhibits listed include a Power of Attorney and Item 7 subsidiary identification exhibit.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 12)
Itau Unibanco Holding S.A.
(Name of Issuer)
Preferred Stock
(Title of Class of Securities)
P5968U113
(CUSIP Number)
03/31/2026
(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)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
P5968U113
1
Names of Reporting Persons
BlackRock, 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
432,748,247.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
453,026,569.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
453,026,569.00
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)
8.4 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Itau Unibanco Holding S.A.
(b)
Address of issuer's principal executive offices:
PC. ALFREDO EGYDIO DE SOUZA ARANHA, 100, TORRE AE, 3 ANDAR, CEP 04344-902, SAO PAULO, BRAZIL, 00000
Item 2.
(a)
Name of person filing:
BlackRock, Inc.
In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)
Address or principal business office or, if none, residence:
BlackRock, Inc., 50 Hudson Yards New York, NY 10001
(c)
Citizenship:
See Item 4 of Cover Page
(d)
Title of class of securities:
Preferred Stock
(e)
CUSIP No.:
P5968U113
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).
Item 4.
Ownership
(a)
Amount beneficially owned:
453,026,569
(b)
Percent of class:
8.4%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
432,748,247
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
453,026,569
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
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.
Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of Itau Unibanco Holding S.A. No one person's interest in the common stock of Itau Unibanco Holding S.A. is more than five percent of the total outstanding common shares.
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 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.
