| SUN VALLEY INVESTMENTS AG | 92,477,823 | 30.85% |
| NEGOCIOS Y REPRESENTACIONES S.A.S. | 34,255,557 | 11.43% |
| CORPORACION FINANCIERA COLOMBIANA S.A. | 23,850,263 | 7.96% |
| VASQUEZ MERCHAN Y CIA S C A | 9,097,176 | 3.04% |
| FONDO BURSATIL ISHARES MSCI COLCAP | 8,786,475 | 2.93% |
| FONDO BURSATIL HORIZONS COLOMBIA SELECT DE S&P | 6,257,656 | 2.09% |
| MEJIA HERNANDEZ EDUARDO | 4,006,025 | 1.34% |
| MEJIA HERNANDEZ OLGA | 3,712,707 | 1.24% |
| MORENO ECHAVARRIA ALFONSO | 3,194,855 | 1.07% |
| TORRADO TORRADO MARTHA EUGENIA | 3,073,933 | 1.03% |
| C.I.J. GUTIERREZ Y CIA. S.A. (EN TOMA DE POSESION) | 2,479,632 | 0.83% |
| A ESCOBAR RESTREPO SAS | 2,310,748 | 0.77% |
| PROMOTORA ESCOBAR GUTIERREZ Y CIA S EN C C.S. | 2,085,163 | 0.70% |
| MEJIA HERNANDEZ ALBERTO | 2,039,078 | 0.68% |
| REDWOOD KAPITAL S.A.S | 2,000,000 | 0.67% |
| MARTDOS S.A.S | 1,596,373 | 0.53% |
| MONICA ESCOBAR Y CIA S EN C | 1,534,955 | 0.51% |
| ESCOPIEDRA SAS | 1,366,000 | 0.46% |
| FONDO INVERSION COLECT CERRADO ASHMORE A C + LATAM | 1,263,973 | 0.42% |
| INVERSIONES SANIN PEREZ SAS | 1,200,000 | 0.40% |
| ESCOBAR RESTREPO CARLOS RICARDO RAMIRO | 1,187,009 | 0.40% |
| L.E. ESCOBAR S.A.S | 1,164,189 | 0.39% |
| RBC CAPITAL MARKETS, | 1,107,000 | 0.37% |
| ARANGO LOPEZ JORGE EUSEBIO | 1,041,694 | 0.35% |
| INVERSIONES EL YARUMO SAS | 1,009,199 | 0.34% |
| CANADIAN DEPOSITORY FOR SECURITIES - CDS (DEPOSITO ACCIONES CANADÁ) | 19,795,529 | 6.60% |
| OTHER SHAREHOLDERS | 67,844,389 | 22.63% |
