BSN CAPITAL PARTNERS 13F: Exits VALE Stake

BSN Capital Partners closed out its position in Vale S.A. VALE, selling all 4,555,833 shares during the period according to an October 23, 2026 SEC filing. The details of the fund's exit came to light in its latest quarterly institutional holdings report filed with the Securities and Exchange Commission.

VALE Vale S.A.

$12.40 ▼ -3.80% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Bsn Capital Partners's Vale S.A. Position

BSN Capital Partners completely exited its stake in the mining company. The fund sold out of its 4,555,833 shares, bringing its ending position down to zero. The portfolio change marked a complete withdrawal from the asset during the period.

Other Institutional Activity in Vale S.A.

Other large money managers also adjusted their holdings in the mining stock around the same time. Arrowstreet Capital, Limited Partnership reduced its holdings by 16,001,200 shares, ending with 31,949,655 shares worth about $396.2 million after a 33.4% decrease. Principal Financial Group, Inc. grew its holdings by 23,850,123 shares, ending with 29,112,147 shares worth about $361.0 million following a 453.2% increase. Robeco Institutional Asset Management B.V. trimmed its stake by 3,148,699 shares, closing the period with 27,069,145 shares valued at about $335.7 million after a 10.4% decrease. Lazard Asset Management LLC grew its holdings by 191,865 shares, ending with 23,878,954 shares worth about $296.1 million following a 0.8% increase. Schroder Investment Management Group lifted its stake by 21,279,400 shares, finishing with 23,696,580 shares valued at about $293.8 million after an 880.3% increase.

Vale S.A. Stock Down 2.4%

Vale S.A. closed at $12.40 on October 23, 2026, and recently traded around that same level of $12.40 as of October 24, 2026. The stock trades below its 50-day moving average of $14.13 and below its 200-day moving average of $15.33. Shares sit 30.9% below their 52-week high of $17.94 and 8.8% above their 52-week low of $11.40.

Recent Earnings

For the trailing twelve months, the company generated $218.07 billion in revenue and reported earnings of $0.50 per share. Vale S.A. is scheduled to release its next quarterly earnings report on October 29, 2026.

Dividend

Vale S.A. pays an annual dividend rate of $0.84 per share, translating to a dividend yield of 6.91% with a payout ratio of 159.1%.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. On September 29, 2026, UBS maintained its Neutral rating and lowered its price target from $16.50 to $15.00. On September 30, 2026, JP Morgan maintained its Overweight rating and raised its price target from $21.00 to $22.00. On October 13, 2026, Barclays maintained its Equal-Weight rating and lowered its price target from $17.00 to $15.00. On October 19, 2026, Scotiabank upgraded the stock to a Sector Outperform rating with a price target of $16.00. On October 21, 2026, UBS maintained its Neutral rating and lowered its price target from $15.00 to $14.50. Analysts currently maintain a consensus buy rating on the stock with a mean price target of $16.22 across 25 analyst opinions.

About Vale S.A.

Vale S.A. produces and supplies iron ore, nickel, copper, and other base metals from operations spanning Brazil, Asia, Europe, and the Americas. The company focuses on extracting raw materials and low-carbon critical minerals used in global industrial supply chains.

Bottom Line

Investors will look to the upcoming earnings report on October 29, 2026, for updated financial results. Future institutional filings will show whether other major funds follow BSN Capital Partners in shifting their exposure to the miner.