iShares MSCI Brazil ETF (EWZ) Holdings
EWZ holdings summary
as of Oct 25, 2026- Holdings
- 46 positions listed
- Top 10 weight
- 57.9% of net assets
- Effective holdings
- 22 equal-weight equivalent
- Largest holding
- PETR4 8.43% Petróleo Brasileiro S.A. - Petrobras
- Annual turnover
- 21.9% of the portfolio traded
All EWZ holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | PETR4 | Petróleo Brasileiro S.A. - Petrobras | Energy | 8.43% | $1.18B | — | — |
| 2 | ITUB4 | Itaú Unibanco Holding S.A | Financial Services | 8.40% | $1.17B | — | — |
| 3 | NU | Nu Holdings Ltd. | Financial Services | 8.30% | $1.16B | $70.33B | 19.9 |
| 4 | PETR3 | Petróleo Brasileiro S.A. - Petrobras | Energy | 7.97% | $1.11B | — | — |
| 5 | VALE3 | Vale S.A. | Basic Materials | 6.85% | $957.1M | — | — |
| 6 | B3SA3 | B3 S.A. - Brasil Bolsa Balcão | Financial Services | 4.45% | $622.0M | — | — |
| 7 | BBDC4 | Banco Bradesco S.A. | Financial Services | 3.99% | $557.2M | — | — |
| 8 | BPAC11 | Banco BTG Pactual S.A. | Financial Services | 3.45% | $482.0M | — | — |
| 9 | AXIA3 | Centrais Elétricas Brasileiras S.A. - Eletrobrás | Utilities | 3.09% | $432.1M | — | — |
| 10 | ABEV3 | Ambev S.A. | Consumer Defensive | 2.94% | $411.1M | — | — |
| 11 | SBSP3 | Companhia de Saneamento Básico do Estado de São Paulo - SABESP | Utilities | 2.89% | $402.9M | — | — |
| 12 | WEGE3 | WEG S.A. | Industrials | 2.61% | $364.6M | — | — |
| 13 | ITSA4 | Itaúsa - Investimentos Itaú SA | Industrials | 2.45% | $342.1M | — | — |
| 14 | PRIO3 | Petro Rio S.A. | Energy | 2.23% | $311.8M | — | — |
| 15 | EMBJ3 | Embraer S.A. | Industrials | 2.11% | $294.8M | — | — |
| 16 | XP | XP Inc. | Financial Services | 2.06% | $287.9M | $14.83B | 15.3 |
| 17 | EQTL3 | Equatorial Energia S.A | Utilities | 2.02% | $281.6M | — | — |
| 18 | RENT3 | Localiza Rent a Car S.A | Industrials | 1.68% | $234.2M | — | — |
| 19 | BBAS3 | Banco do Brasil S.A. | Financial Services | 1.47% | $205.4M | — | — |
| 20 | VBBR3 | Vibra Energia S.A. | Consumer Cyclical | 1.46% | $204.5M | — | — |
| 21 | RDOR3 | Rede D'Or São Luiz S.A. | Healthcare | 1.34% | $187.3M | — | — |
| 22 | GGBR4 | Gerdau S.A | Basic Materials | 1.27% | $177.6M | — | — |
| 23 | UGPA3 | Ultrapar Participações S.A | Energy | 1.18% | $164.8M | — | — |
| 24 | BBSE3 | BB Seguridade Participacoes SA | Financial Services | 1.16% | $162.1M | — | — |
| 25 | CPLE3 | Companhia Paranaense de Energia - COPEL | Utilities | 1.14% | $158.9M | — | — |
| 26 | SUZB3 | Suzano S.A. | Basic Materials | 1.10% | $153.3M | — | — |
| 27 | ENEV3 | Eneva S.A | Utilities | 0.99% | $138.7M | — | — |
| 28 | VIVT3 | Telefônica Brasil S.A. | Communication Services | 0.98% | $136.9M | — | — |
| 29 | BBDC3 | Banco Bradesco S.A. | Financial Services | 0.98% | $136.4M | — | — |
| 30 | RADL3 | Raia Drogasil S.A | Healthcare | 0.96% | $134.6M | — | — |
| 31 | RAIL3 | Rumo S.A | Industrials | 0.91% | $127.0M | — | — |
| 32 | ENGI11 | Energisa S.A | Utilities | 0.85% | $119.1M | — | — |
| 33 | JBS | JBS N.V. | Consumer Defensive | 0.84% | $117.9M | $13.95B | 12.2 |
| 34 | MOTV3 | Motiva Infraestrutura de Mobilidade S.A. | Industrials | 0.84% | $116.9M | — | — |
| 35 | CMIG4 | Companhia Energética de Minas Gerais | Utilities | 0.80% | $111.5M | — | — |
| 36 | TIMS3 | TIM S.A. | Communication Services | 0.62% | $87.3M | — | — |
| 37 | KLBN11 | Klabin S.A. | Basic Materials | 0.57% | $78.9M | — | — |
| 38 | CXSE3 | Caixa Seguridade Participações S.A | Financial Services | 0.55% | $76.2M | — | — |
| 39 | EGIE3 | Engie Brasil Energia S.A. | Utilities | 0.52% | $72.5M | — | — |
| 40 | CPFE3 | CPFL Energia S.A | Utilities | 0.51% | $70.7M | — | — |
| 41 | AUGO | Aura Minerals Inc. Common Shares | Basic Materials | 0.49% | $68.4M | $7.31B | 24.6 |
| 42 | PSSA3 | Porto Seguro S.A | Financial Services | 0.37% | $51.9M | — | — |
| 43 | ITUB3 | Itaú Unibanco Holding S.A. | Financial Services | 0.37% | $51.9M | — | — |
| 44 | AXIA7 | AXIA Energia SA | Utilities | 0.36% | $50.1M | — | — |
| 45 | MBRF3 | Marfrig Global Foods SA | Consumer Defensive | 0.35% | $49.4M | — | — |
| 46 | -- | HEDGE BRASIL SHOPPING FUNDO DE INV | Other | 0.08% | $10.9M | — | — |
Weights as a percentage of net assets. Value held = weight × net assets ($13.96B). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
EWZ sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Financial Services | 35.5% | 12 | ITUB4, NU, B3SA3 |
| Energy | 19.8% | 4 | PETR4, PETR3, PRIO3 |
| Utilities | 13.2% | 10 | AXIA3, SBSP3, EQTL3 |
| Industrials | 10.6% | 6 | WEGE3, ITSA4, EMBJ3 |
| Basic Materials | 10.3% | 5 | VALE3, GGBR4, SUZB3 |
| Consumer Defensive | 4.1% | 3 | ABEV3, JBS, MBRF3 |
| Healthcare | 2.3% | 2 | RDOR3, RADL3 |
| Communication Services | 1.6% | 2 | VIVT3, TIMS3 |
| Consumer Cyclical | 1.5% | 1 | VBBR3 |
| Other | 0.1% | 1 | -- |
Sum of the weights of the holdings in each sector.
EWZ top industries
EWZ overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| VXUS | Vanguard Total International Stock ETF | 0.9% | 36 of 8,035 | 0.05% |
| VTI | Vanguard Total Stock Market ETF | 0.0% | 0 of 2,941 | 0.03% |
| SPY | SPDR S&P 500 ETF | 0.0% | 0 of 502 | 0.09% |
| QQQ | Invesco QQQ ETF | 0.0% | 0 of 101 | 0.17% |
| IWM | iShares Russell 2000 ETF | 0.0% | 0 of 1,962 | 0.19% |
| DIA | SPDR Dow Jones Industrial Average ETF | 0.0% | 0 of 30 | 0.16% |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the EWZ portfolio
iShares MSCI Brazil ETF holds 46 positions. The ten largest make up 57.9% of the fund, so it behaves like a portfolio of about 22 equally weighted positions. The biggest positions are Petróleo Brasileiro S.A. - Petrobras (8.43%), Itaú Unibanco Holding S.A (8.40%), Nu Holdings Ltd. (8.30%), Petróleo Brasileiro S.A. - Petrobras (7.97%), Vale S.A. (6.85%).
By sector, Financial Services is 35.5%, Energy is 19.8%, Utilities is 13.2%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 25, 2026; positions change as the fund rebalances.
Related: EWZ chart, EWZ performance, EWZ dividends, EWZ overview.
EWZ holdings FAQ
How many holdings does EWZ have?
EWZ holds 46 positions as of October 25, 2026.
What are the top 10 holdings of EWZ?
The ten largest holdings are Petróleo Brasileiro S.A. - Petrobras (8.43%), Itaú Unibanco Holding S.A (8.40%), Nu Holdings Ltd. (8.30%), Petróleo Brasileiro S.A. - Petrobras (7.97%), Vale S.A. (6.85%), B3 S.A. - Brasil Bolsa Balcão (4.45%), Banco Bradesco S.A. (3.99%), Banco BTG Pactual S.A. (3.45%), Centrais Elétricas Brasileiras S.A. - Eletrobrás (3.09%), Ambev S.A. (2.94%). Together they are 57.9% of the fund.
What percentage of EWZ is Petróleo Brasileiro S.A. - Petrobras?
Petróleo Brasileiro S.A. - Petrobras is the largest holding at 8.43% of net assets, about $1.18B of the fund's $13.96B.
Which sector is the largest in EWZ?
Financial Services is the largest sector at 35.5%, followed by Energy (19.8%) and Utilities (13.2%), based on the sectors of the individual holdings.
How concentrated is EWZ?
The top 10 holdings are 57.9% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) EWZ behaves like a portfolio of about 22 equally weighted positions.