Dark
Light
System
Security
VALE S A
VALE S A. Institutional holdings reported to the SEC.

Institutional Holders (2014Q1)
Portfolio Summary: 161 Institutional holders with a total value of $6,140,659,927.
#
Manager Name
Shares
Value ($)
%
Options
Notes
51 CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 1,121,397 15,250,000 0.25%
52 JANE STREET GROUP, LLC 1,120,116 13,945,000 0.23%
53 Ashmore Group plc 1,103,997 13,745,000 0.22%
54 CREDIT AGRICOLE S A 1,086,794 13,531,000 0.22%
55 CAUSEWAY CAPITAL MANAGEMENT LLC 1,222,940 13,197,000 0.21%
56 SUSQUEHANNA INTERNATIONAL GROUP, LLP 1,044,130 12,999,000 0.21%
57 PHILADELPHIA INTERNATIONAL ADVISORS LP 1,014,260 12,627,000 0.21%
58 STRS OHIO 960,000 11,952,000 0.19%
59 MOORE CAPITAL MANAGEMENT, LP 955,000 11,890,000 0.19%
60 RENAISSANCE TECHNOLOGIES LLC 954,600 11,885,000 0.19%
61 SPX Gestao de Recursos Ltda 953,169 11,867,000 0.19%
62 HARDING LOEVNER LP 879,899 10,955,000 0.18%
63 Daiwa Securities Group Inc. 839,000 10,446,000 0.17%
64 HSBC HOLDINGS PLC 833,514 10,373,000 0.17%
65 JANUS HENDERSON GROUP PLC 776,182 9,660,000 0.16%
66 Numeric Investors LLC 731,800 9,111,000 0.15%
67 MACQUARIE GROUP LTD 604,937 7,519,000 0.12%
68 GOLDMAN SACHS GROUP INC 590,250 7,349,000 0.12%
69 Itau USA Asset Management Inc. 560,800 6,982,000 0.11%
70 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 555,397 6,915,000 0.11%
71 UNITED SERVICES AUTOMOBILE ASSOCIATION 551,915 6,871,000 0.11%
72 Invesco Ltd. 513,529 6,393,000 0.10%
73 USS Investment Management Ltd 503,700 6,271,000 0.10%
74 GUGGENHEIM CAPITAL LLC 497,224 6,190,000 0.10%
75 DekaBank Deutsche Girozentrale 496,800 6,185,000 0.10%
76 I.G. INVESTMENT MANAGEMENT, LTD. 466,367 5,806,000 0.09%
77 F&C Asset Management plc 462,913 5,761,000 0.09%
78 LMCG INVESTMENTS, LLC 454,124 5,654,000 0.09%
79 ROYAL BANK OF CANADA 451,221 5,618,000 0.09%
80 PRUDENTIAL FINANCIAL INC 442,834 5,513,000 0.09%
81 ClariVest Asset Management LLC 403,843 5,028,000 0.08%
82 BlueCrest Capital Management LLP 355,000 4,910,000 0.08%
83 Capital International, Inc./CA/ 378,300 4,710,000 0.08%
84 CANADA PENSION PLAN INVESTMENT BOARD 375,171 4,671,000 0.08%
85 HBK INVESTMENTS L P 353,300 4,399,000 0.07%
86 CAPSTONE ASSET MANAGEMENT CO 351,973 4,382,000 0.07%
87 UBS AG 337,503 4,202,000 0.07%
88 MANAGED ACCOUNT ADVISORS LLC 309,628 3,855,000 0.06%
89 CONNING INC. 295,982 3,685,000 0.06%
90 Westwood Global Investments, LLC 281,463 3,504,000 0.06%
91 CQS Cayman LP 246,390 3,068,000 0.05%
92 AMP Capital Investors Ltd 246,898 3,029,000 0.05%
93 HANSBERGER GLOBAL INVESTORS INC/FL 231,901 2,887,000 0.05%
94 WASHINGTON STATE INVESTMENT BOARD 213,690 2,660,000 0.04%
95 Capital International Sarl 212,200 2,642,000 0.04%
96 A.R.T. Advisors, LLC 211,449 2,632,000 0.04%
97 Nationwide Fund Advisors 202,570 2,522,000 0.04%
98 Employees Retirement System of Texas 188,340 2,345,000 0.04%
99 AXA S.A. 180,804 2,251,000 0.04%
100 Mirae Asset Global Investments Co., Ltd. 174,611 2,174,000 0.04%
Page 2 of 4

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.