Investing in Brazil ADRs / Brazilian Stocks

There is a good range of large cap, mid cap and small cap Brazil ADRs trading on major US stock exchanges as well as on the OTC market representing most sectors of the Brazilian economy with a heavy emphasis on the utility, mining and natural resource sectors in particular. Large cap Ambev SA (NYSE: ABEV) would be the most familiar Brazilian stock to American investors as its a subsidiary of Interbrew International BV which controls Anheuser Busch Inbev NV (NYSE: BUD) which in turn is effectively managed by the Brazilians. Embraer SA (NYSE: ERJ) is also a familiar Brazilian stock as its the maker of smaller commercial airliner and business jets. In addition, Restaurant Brands International (NYSE: QSR), which owns Burger King, Popeyes Louisiana Kitchen and Canadian coffee shop and restaurant chain Tim Hortons, is controlled by Brazil based global investment group 3G Capital who, along with Berkshire Hathaway (NYSE: BRK.A), backed the merger of Kraft Foods Group and Heinz into Kraft Heinz Co (NASDAQ: KHC) which they both jointly control. Small cap Fogo De Chao Inc(NASDAQ:FOGO) is also worth mentioning as its a US-based holding company operating upscale Brazilian churrascaria steakhouses that began in Brazil (where it still has operations) and is now headquartered in Texas with most restaurants being in the USA. Finally, investors should check out our Brazil ETFs list, Latin America Closed-End Funds list and Latin America ETF list (region wide) pages.

Note: If there are any ADRs to add or remove from this list or there are bad links, please write a note in the comments section so it can be fixed. Likewise, adding any other comments or advice would also be appreciated.

List of Brazil ADRs Trading on Major US Stock Exchanges & the Over-the-Counter (OTC) Exchange

1Advanced Digital Health Medicina Preventiva S.A.ADHMY OTCPinkHealthcare
2AES Tiete Energia S.A.ASTGY OTCPinkUtilities
3Ambev S.A.ABEVNYSEFood & Beverage
4Banco Bradesco S.A.BBDNYSEFinancial Services
5Banco Bradesco S.A.BBDONYSEFinancial Services
6Banco do Brasil BDORY OTCPinkFinancial Services
7Banco Santander (Brasil) S.A. BSBR NYSEFinancial Services
8BB Seguridade BBSEY OTCPinkFinancial Services
9Bombril-Cirio S.A. BMBPY OTCPinkConsumer Goods
10BR Malls Participacoes BRMSY OTCPinkReal Estate
11BrasilAgro - Companhia Brasileira de Propriedades Agricolas LNDNYSEAgriculture
12Braskem S.A. BAK NYSEBasic Materials
13BRF S.A. BRFS NYSEFood & Beverage
14Centrais Eletricas Brasileiras S.A. - Eletrobras EBR NYSEUtilities
15Centrais Eletricas Brasileiras S.A. - Eletrobras EBRBY OTCUtilities
16Centrais Eletricas de Santa Catarina S.A. CEDWY OTCPinkElectricity
17Cielo S.A. CIOXY OTCQXFinancial Services
18Companhia Brasileira de Distribuicao CBD NYSERetail
19Companhia de Saneamento Basico SBS NYSEUtilities
20Companhia de Transmissao de Energia Electria Paulista CTPTY OTCPinkUtilities
21Companhia de Transmissao de Energia Electria Paulista CTPZY OTCPinkUtilities
22Companhia Energetica de Minas Gerais S.A. CIG NYSEUtilities
23Companhia Energetica de Minas Gerais S.A. CIG.C NYSEUtilities
24Companhia Energetica De Sao Paulo CSQSY OTCPinkUtilities
25Companhia Energetica De Sao Paulo CESDY OTCPinkUtilities
26Companhia Paranaense de Energia - COPEL ELP NYSEUtilities
27Companhia Paranaense de Energia-Copel ELPVY OTCPinkUtilities
28Companhia Siderurgica Nacional SID NYSESteel
29Contax Participacoe S.A. CTXNY OTCGreyIT / Outsourcing
30Cosan Limited CZZ NYSEDiversified
31CPFL Energia S.A. CPL NYSEUtilities
32CR2 Empreendimentos Imobiliarios S.A. CREIY OTCPinkReal Estate
33Cyrela Brazil Realty S.A. CYRBY OTCQXReal Estate
34Cyrela Commercial Properties S.A. CYRLY OTCPinkReal Estate
35Duke Energy International Geracao Paranapanema S.A. DEIWY OTCGreyUtilities
36Duke Energy International Geracao Paranapanema S.A. DEIPY OTCPinkUtilities
37Eletropaulo Metropolitana Electricidade de Sao Paulo S.A. EPUMY OTCGreyUtilities
38Embraer S.A. ERJ NYSEAerospace
39Eneva S.A. ENEVY OTCPinkUtilities
40Engie Brasil Energia S.A. EGIEY OTCPinkUtilities
41Equatorial Energia S.A. EQUEY OTCPinkUtilities
42Estacio Participacoes S.A. ECPCY OTCQXEducation
43Fibria Celulose S.A. FBR NYSEForestry & Paper
44Gafisa S.A. GFA NYSEReal Estate
45Gerdau S.A. GGB NYSESteel
46GOL Linhas Aereas Inteligentes S.A. GOL NYSEAirlines
47Hypermarcas S.A. HYPMY OTCPinkRetail
48Iochpe-Maxion S.A. IOCJY OTCPinkAutomotive
49Itau Unibanco Holding S.A. ITUB NYSEFinancial Services
50JBS S.A. JBSAY OTCQXFood & Beverage
51JSL S.A. JSLGY OTCPinkLogistics
52Klabin S.A. KLBAY OTCPinkForestry & Paper
53Kroton Educacional S.A. KROTY OTCQXEducation
54Light S.A. LGSXY OTCPinkUtilities
55Localiza Rent A Car S.A. LZRFY OTCQXConsumer Services
56Lojas Renner S.A. LRENY OTCPinkRetail
57Lupatech S.A. LUPAQ OTCPinkOil & Gas
58Magnesita Refratarios S.A. MFRSY OTCPinkMining
59Marfrig Global Foods MRRTY OTCPinkFood & Beverage
60Mills Estruturas E Servicos De Engenharia S.A. MILTY OTCPinkConstruction
61Minerva S.A. MRVSY OTCQXFood & Beverage
62MMX Mineracao e Metalicos S.A. MMXMY OTCPinkMining
63MRV Engenharia e Participacoes S.A. MRVNY OTCPinkReal Estate
64OdontoPrev S.A. ODPVY OTCHealthcare
65Ogx Petroleo E Gas SA Em Recuperacao Judicial OXPRY OTCPinkOil & Gas
66Oi S.A. OIBR-C NYSETelecommunications
67Oi S.A. OIBRQ OTCPinkTelecommunications
68Oleo e Gas Participacoes S.A. OGXPY OTCPinkOil & Gas
69OSX Brasil S.A. OSXRY OTCGreyOil & Gas
70Parana Banco S.A. PRBAY OTCPinkFinancial Services
71PDG Realty S.A. PDGRY OTCPinkReal Estate
72Petroleo Brasileiro S.A. (Petrobras) PBRA NYSEOil & Gas
73Petroleo Brasileiro S.A. (Petrobras) PBR NYSEOil & Gas
74Prumo Logistica S.A. PRMLY OTCPinkLogistics
75Qualicorp S.A. QULRY OTCGreyInsurance
76Raia Drogasil S.A. RADLY OTCPinkRetail
77Rossi Residencial S.A. RSRZY OTCPinkReal Estate
78Sao Paulo Alpargatas S.A. SRSDY OTCGreyConsumer Goods
79Saraiva S.A. Livreiros Editores SVLOY OTCPinkMedia
80Saraiva S.A. Livreiros Editores SVLSY OTCPinkMedia
81SLC Agricola S.A. SLCJY OTCPinkAgriculture
82Suzano Papel e Celulose S.A. SUZBY OTCPinkForestry & Paper
83Tele Norte Leste Participacoes SA TNE NYSETelecommunications
84Telefonica Brasil S.A. VIV NYSETelecommunications
85TIM Participacoes S.A. TSU NYSETelecommunications
86Ultrapar Participacoes S.A. UGP NYSEUtilities
87Usinas Siderurgicas de Minas Gerais S.A. USNZY OTCPinkSteel
88Usinas Siderurgicas de Minas Gerais S.A. USDMY OTCGreySteel
89Vale S.A. VALE NYSEMining
90Vale S.A. VALE.P NYSEMining
91Valid Solucoes e Servicos de Seguranca em Meios de Pagamento VSSPY OTCPinkTechnology
92Via Varejo S.A. GBXPY OTCGreyRetail
93Weg S.A. WEGZY OTCPinkUtilities

Brazil Stocks Often Have Dual-Class Share Structures

Before investing in Brazilian stocks or Brazil ADRs, its worth reading a CFA Society paper entitled: “An Assessment of Dual-Class Shares in Brazil.” This paper explains how Brazilian stocks typically have “preferred” shares available to the public with no voting rights (but compensated with a slightly higher dividend) and “common” shares held by founders and insiders that has voting rights. In other words and like many tech or private equity controlled stocks, Brazilian stocks tend to be “closely held” companies controlled by families or a small group of insiders.

Brazil Stock Exchanges

With origins dating back to 1890, the Bolsa de Valores, Mercadorias & Futuros de São Paulo or BM&F BOVESPA was created in 2008 when the Brazilian Mercantile and Futures Exchange (BM&F) and the São Paulo Stock Exchange (Bovespa) merged. Its now one of the largest stock exchanges in the world in terms of market capitalization, the second largest stock exchange in the Western hemisphere and the biggest stock exchange in Latin America. Chicago’s CME Group also owns a 5% stake in the BM&F BOVESPA which in turn owns a 5% stake in the CME Group.

Brazil’s second largest stock exchange is the Bolsa de Valores de Rio de Janeiro (BVRJ) which was founded in 1820, sold to BM&F in 2002 and now trades government bonds and currencies.

In addition, the Bolsa de Cereais e Mercadorias de Maringá (BCMM) was founded in 1982 and concentrates on the marketing of agricultural products nationwide.

Brazil Stocks and Investing ResourcesBrazil ADRs

Here are some useful and mostly English news resources for investing in Brazilian ADRs or stocks or about Brazil in general:

Note: If you have a good blog or other useful resource for investing in Brazil or about Brazilian stocks in general, please let us know as we would be happy to do a link exchange.

For additional resources for investing in Brazil ADRs or stocks, check out all of our Brazil tagged articles/links or subscribe to an RSS feed of Brazil tagged articles here.

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