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Cullen Capital Management, LLC
> VALE
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 03/31/2023 | Vale S.A. | VALE | 2,360,218 | -761,959 | 37,244,237,000 | -15,739,104,000 | $15,780.00 |
| 12/31/2022 | Vale S.A. | VALE | 3,122,177 | -71,508 | 52,983,341,000 | 52,940,801,000 | $16,970.00 |
| 09/30/2022 | Vale S.A. | VALE | 3,193,685 | 98,171 | 42,540,000 | -2,747,000 | $13.32 |
| 06/30/2022 | Vale S.A. | VALE | 3,095,514 | 50,560 | 45,287,000 | -15,582,000 | $14.63 |
| 03/31/2022 | Vale S.A. | VALE | 3,044,954 | 289,361 | 60,869,000 | 22,236,000 | $19.99 |
| 12/31/2021 | Vale S.A. | VALE | 2,755,593 | -228,246 | 38,633,000 | -29,428,000 | $14.02 |
| 06/30/2021 | Vale S.A. | VALE | 2,983,839 | -313,254 | 68,061,000 | 10,758,000 | $22.81 |
| 03/31/2021 | Vale S.A. | VALE | 3,297,093 | 3,286,774 | 57,303,000 | 57,130,000 | $17.38 |
| 12/31/2020 | Vale S.A. | VALE | 10,319 | 10,319 | 173,000 | 173,000 | $16.77 |
| 03/31/2019 | Vale S.A. | VALE | 0 | -791,450 | 0 | -10,439,000 | |
| 12/31/2018 | Vale S.A. | VALE | 791,450 | -288,350 | 10,439,000 | -5,585,000 | $13.19 |
| 09/30/2018 | Vale S.A. | VALE | 1,079,800 | -62,500 | 16,024,000 | 1,380,000 | $14.84 |
| 06/30/2018 | Vale S.A. | VALE | 1,142,300 | 145,900 | 14,644,000 | 1,970,000 | $12.82 |
| 03/31/2018 | Vale S.A. | VALE | 996,400 | 179,500 | 12,674,000 | 2,683,000 | $12.72 |
| 12/31/2017 | Vale S.A. | VALE | 816,900 | 816,900 | 9,991,000 | 9,991,000 | $12.23 |
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