| Dynamo Administracao de Recursos Ltda. | 4,039,464 | $28,155,064 | 83.85% |
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| DYNAMO INTERNACIONAL GESTAO DE RECURSOS LTDA. | 24,040,475 | $167,562,111 | 19.98% |
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| Polunin Capital Partners Ltd | 3,499,526 | $24,391 | 5.01% |
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| Banco BTG Pactual S.A. | 314,841 | $2,194,442 | 0.85% |
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| Beaumont Financial Advisors, LLC | 107,119 | $7,948,227 | 0.73% |
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| BTG Pactual Global Asset Management Ltd | 363,700 | $2,534,989 | 0.54% |
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| VPR Management LLC | 28,990 | $202,060 | 0.05% |
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| West Family Investments, Inc. | 13,392 | $93,342 | 0.04% |
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| ARMISTICE CAPITAL, LLC | 358,767 | $2,500,606 | 0.04% |
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| Itau Unibanco Holding S.A. | 101,575 | $707,978 | 0.03% |
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| Klingman & Associates, LLC | 56,777 | $395,736 | 0.03% |
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| SPX Gestao de Recursos Ltda | 64,629 | $450,464 | 0.02% |
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| Knights of Columbus Asset Advisors LLC | 28,751 | $200,394 | 0.02% |
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| Wellington Shields Capital Management, LLC | 20,000 | $139,400 | 0.02% |
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| Laird Norton Wetherby Wealth Management, LLC | 33,717 | $235,008 | 0.01% |
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| Investors Research Corp | 6,502 | $45,319 | 0.01% |
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| AVIVA PLC | 316,026 | $2,202,701 | 0.01% |
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| PZENA INVESTMENT MANAGEMENT LLC | 233,434 | $1,627,035 | 0.01% |
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| PROFUND ADVISORS LLC | 15,310 | $106,711 | 0.01% |
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| Crossmark Global Holdings, Inc. | 38,975 | $294 | 0.01% |
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