Ownership
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Shareholders as of 30 September, 2014

Equity

Ownership

Last updated Oct 22, 2018
September - 2018
SHAREHOLDERS # SHARES % SHARES
STATE OWNED COMPANIES 36,384,788,417 88.49%
JPMORGAN CHASE BANK NA FBO HOLDERS OF DR ECOPETROL 1,080,367,080 2.87%
FONDO DE PENSIONES OBLIGATORIAS PORVENIR MODERADO 517,124,675 1.26%
FDO DE PENSIONES OBLIGATORIAS PROTECCION MODERADO 371,203,725 0.90%
FONDO BURSATIL ISHARES COLCAP 219,110,964 0.53%
FONDO DE PENSIONES OBLIGATORIAS COLFONDOS MODERADO 143,999,823 0.35%
OLD MUTUAL FONDO DE PENS. OBLIGATORIAS - MODERADO 75,241,069 0.18%
ABU DHABI INVESTMENT AUTHORITY J.P. MORGAN 68,814,332 0.17%
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND 52,318,641 0.13%
ISHARES CORE MSCI EMERGING MARKETS ETF 42,488,483 0.10%
VANGUARD EMERGING MARKERTS STOCK INDEX FUND 39,691,902 0.10%
FONDO DE CESANTIAS PORVENIR 34,755,418 0.08%
FONDO BURSATIL HORIZONS COLOMBIA SELECT DE S&P 33,771,039 0.08%
ISHARES MSCI EMERGING MARKETS ETF 29,696,511 0.07%
BLACKROCK INSTITUTIONAL TRUST COMPANY N.A. 29,550,335 0.07%
OLD MUTUAL FONDO DE PENSIONES VOLUNTARIAS 27,176,608 0.07%
THE BANK OF NOVA SCOTIA 22,831,916 0.06%
FONDO DE CESANTIAS PROTECCION- LARGO PLAZO 21,851,166 0.05%
EMERGING MARKETS CORE EQUITY PORTFOLIO OF DFA INVE                  21,604,701 0.05%
PEOPLE´S BANK OF CHINA 20,012,633 0.05%
RETAIL SHAREHOLDERS 17,233,931 0.04%
VOL-ECOPET   FONDO DE PENSIONES PROTECCION 16,119,479 0.04%
LSV EMERGING MARKETS EQUITY FUND L.P. 16,024,400 0.04%
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 15,637,809 0.04%
STICHTING DEPOSITARY APG EMERGING MARKETS EQUITY P 15,491,879 0.04%
OTHERS SHAREHOLDERS 1,699.781,112 4.13 %
TOTAL MINORITY SHAREHOLDERS 4,731,899,631 11.51%
OUTSTANDING SHARES 41,116,688,048 100.00%
SHARES NOT ALLOTTED 6,642 0.00%
SHARES SUBSCRIBED 41,116,694,690 100.00%