Macquarie Group Ltd closes position in BBD / Banco Bradesco S.A. - Depositary Receipt (Common Stock) - 13F, 13D, 13G Filings

Banco Bradesco S.A. - Depositary Receipt (Common Stock)

US ˙ NYSE ˙ US0594603039

Security	BBD / Banco Bradesco S.A. - Depositary Receipt (Common Stock)
Institution	Macquarie Group Ltd
Latest Disclosed Ownership	0 shares
Latest Disclosed Value	$ 0

Macquarie Group Ltd closes position in BBD / Banco Bradesco S.A. - Depositary Receipt (Common Stock)

On February 13, 2026 - Macquarie Group Ltd filed a 13F-HR form disclosing ownership of 0 shares of Banco Bradesco S.A. - Depositary Receipt (Common Stock) (US:BBD) valued at $0 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 13, 2025 disclosing 21,134,311 shares of Banco Bradesco S.A. - Depositary Receipt (Common Stock). The current value of the position is $0 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)

File Date	Effective Date	Form	Security	Class	ID	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2026-02-13	2025-12-31	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	0		-100.00	0
2025-11-13	2025-09-30	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	21,134,311	1,737,867	8.96	71,434	19.19	0.0834
2025-08-14	2025-06-30	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	19,396,444	-13,235	-0.07	59,935	38.47	0.0735
2025-08-14	2025-03-31	13F/A-1	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	19,409,679	-377	-0.00	43,284	16.75	0.0537
2025-05-15	2025-03-31	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	19,409,679	-377		43,284		0.0354
2025-02-14	2024-12-31	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	19,410,056	-59,113	-0.30	37,073	-28.41	0.0450
2024-11-14	2024-09-30	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	19,469,169	-1,289,170	-6.21	51,788	11.37	0.0559
2024-08-09	2024-06-30	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	20,758,339	175,322	0.85	46,499	-21.01	0.0533
2024-05-14	2024-03-31	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	20,583,017	239,400	1.18	58,867	-17.33	0.0668
2024-02-14	2023-12-31	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	20,343,617	2,812	0.01	71,203	22.83	0.0823
2023-11-14	2023-09-30	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	20,340,805	-76,674	-0.38	57,971	-17.94	0.0728
2023-10-27	2023-06-30	13F/A-2	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	20,417,479	-3,806,706	-15.71	70,645	11.31	0.0808
2023-10-12	2023-06-30	13F/A-1	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	20,417,479	-3,806,706		70,645		0.0710
2023-08-14	2023-06-30	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	20,417,479	-3,806,706		70,645		0.0717
2023-06-01	2023-03-31	13F/A-1	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	24,224,185	1,732,700	7.70	63,467	-2.02	0.0754
2023-05-15	2023-03-31	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	24,224,185	1,732,700		63,467		0.0583
2023-02-21	2022-12-31	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	22,491,485	-3,513,189	-13.51	64,776	-32.31	0.0765
2022-11-14	2022-09-30	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	26,004,674	-37,751	-0.14	95,697	12.72	0.1174
2022-08-17	2022-06-30	13F/A-1	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	26,042,425	8,783,736	50.89	84,898	6.02	0.0953
2022-08-15	2022-06-30	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	26,042,425	8,783,736		84,898		0.0304
2022-05-16	2022-03-31	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	17,258,689	8,397,665	94.77	80,080	164.25	0.0609
2022-02-11	2021-12-31	13F	Banco Bradesco	SP ADR PFD NEW	059460303	8,861,024	0	0.00	30,305	-10.70	0.0253
2021-11-12	2021-09-30	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	8,861,024	-58,368	-0.65	33,938	-25.83	0.0289
2021-08-13	2021-06-30	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	8,919,392	-462,223	-4.93	45,757	3.77	0.0376
2021-05-14	2021-03-31	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	9,381,615	-201,703	-2.10	44,094	-12.53	0.0623
2021-02-16	2020-12-31	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	9,583,318	-15,395	-0.16	50,408	53.10	0.0736
2020-11-13	2020-09-30	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	9,598,713	136,604	1.44	32,924	-8.67	0.0557
2020-08-11	2020-06-30	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	9,462,109	1,042,757	12.39	36,050	5.49	0.0621
2020-05-15	2020-03-31	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	8,419,352	-295,618	-3.39	34,174	-56.19	0.0702
2020-03-18	2019-12-31	13F/A-2	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	8,714,970	107,483	1.25	77,999	11.32	0.1114
2020-02-28	2019-12-31	13F/A-1	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	8,714,970	0		77,999		0.1127
2020-02-14	2019-12-31	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	8,714,970	107,483		77,999		97,882.1347
2019-11-14	2019-09-30	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	8,607,487	-6,917	-0.08	70,065	-17.17	0.1174
2019-11-06	2019-06-30	13F/A-2	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	8,614,404	1,735,981	25.24	84,593	12.81	0.1426
2019-09-24	2019-06-30	13F/A-1	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	8,614,404	0		84,593		0.1439
2019-08-14	2019-06-30	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	8,614,404	1,735,981		84,593
2019-05-15	2019-03-31	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	6,878,423	441,002	6.85	74,990	17.79	0.1279
2019-02-15	2018-12-31	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	6,437,421	-286,459	-4.26	63,666	33.74	0.1230
2018-11-15	2018-09-30	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	6,723,880	-88,885	-1.30	47,605	1.86	0.0776
2019-03-21	2018-06-30	13F/A-1	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	6,812,765	1,755,348	34.71	46,736	-22.22	0.0806
2018-08-14	2018-06-30	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	6,812,765	1,755,348		46,736
2018-05-11	2018-03-31	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	5,057,417	-544,207	-9.72	60,085	4.76	0.1095
2018-02-14	2017-12-31	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	5,601,624	-121,946	-2.13	57,357	-9.47	0.1014
2017-11-08	2017-09-30	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	5,723,570	1,698	0.03	63,359	30.26	0.1137
2017-08-14	2017-06-30	13F	BANCO BRADESCO S A	SP ADR PFD NEW	059460303	5,721,872	463,347	8.81	48,640	-9.68	0.0889
2017-05-15	2017-03-31	13F	Banco Bradesco	SP ADR PFD NEW	059460303	5,258,525	2,100,975	66.54	53,850	95.85	0.0978
2017-03-30	2016-12-31	13F/A-1	Banco Bradesco	ADR	059460303	3,157,550	20,341	0.65	27,496	-3.37	0.0526
2017-02-15	2016-12-31	13F	Banco Bradesco	ADR	059460303	3,157,550			27,496
2016-11-15	2016-09-30	13F	BANCO BRADESCO	ADR	059460303	3,137,209	22,950	0.74	28,455	16.98	0.0547
2016-09-14	2016-06-30	13F/A-1	Banco Bradesco	SP ADR PFD NEW	059460303	3,114,259	865,742	38.50	24,325	45.23	0.0478
2016-08-15	2016-06-30	13F	Banco Bradesco	SP ADR PFD NEW	059460303	3,114,259			24,325
2016-05-16	2016-03-31	13F	BANCO BRADESCO	ADR	059460303	2,248,517	1,079,492	92.34	16,749	197.87	0.0338
2016-02-16	2015-12-31	13F	BANCO BRADESCO	ADR	059460303	1,169,025	638,106	120.19	5,623	97.58	0.0115
2015-11-16	2015-09-30	13F	BANCO BRADESCO	ADR	059460303	530,919	-9,694	-1.79	2,846	-42.53	0.0061
2015-08-21	2015-06-30	13F/A-1	Banco Bradesco	SP ADR PFD NEW	059460303	540,613	30,392	5.96	4,952	4.60	0.0098
2015-08-14	2015-06-30	13F	Banco Bradesco	SP ADR PFD NEW	059460303	540,613			4,952
2015-05-18	2015-03-31	13F	Banco Bradesco	SP ADR PFD NEW	059460303	510,221	-80,400	-13.61	4,734	-40.05	0.0093
2015-02-17	2014-12-31	13F	Banco Bradesco	SP ADR PFD NEW	059460303	590,621	25,109	4.44	7,897	-2.01	0.0163
2014-11-14	2014-09-30	13F	Banco Bradesco	SP ADR PFD NEW	059460303	565,512	42,379	8.10	8,059	6.10	0.0173
2014-08-14	2014-06-30	13F	Banco Bradesco	SP ADR PFD NEW	059460303	523,133	7,203	1.40	7,596	7.70	0.0169
2014-05-15	2014-03-31	13F	Banco Bradesco	Common Stock	059460303	515,930	102,790	24.88	7,053	36.24	0.0122
2014-02-14	2013-12-31	13F	BANCO BRADESCO	ADR	059460303	413,140	251,647	155.83	5,177	130.91	0.0093
2013-11-14	2013-09-30	13F	BANCO BRADESCO	ADR	059460303	161,493	-8,400	-4.94	2,242	1.45	0.0044
2013-08-16	2013-06-30	13F/A-1	BANCO BRADESCO	ADR	059460303	169,893	169,893		2,210		0.0048
2013-08-14	2013-06-30	13F	BANCO BRADESCO	ADR	059460303	169,893			2,210		0.0048

Legend

Shares: The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value: The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price: The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class: This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred

Allocation (%): The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation: The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%): The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis: The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss: This is the market value of the position as of the effective date minus the cost basis.