PETROLEO BRASILEIRO SA PETRO PBR.A
SP ADR NON VTG · ADR · CUSIP 71654V101
Brazilian multinational oil and gas corporation
- SectorEnergy
- IndustryCrude Petroleum & Natural Gas
- HeadquartersRio de Janeiro, Brazil
- Founded1953
- Websitepetrobras.com.br
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($437.6k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $14.67. Options: 9 managers hold calls ($352.2m notional), 8 hold puts ($110.9m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 148 |
| Q4 2022 | 162 |
| Q1 2023 | 171 |
| Q2 2023 | 165 |
| Q3 2023 | 174 |
| Q4 2023 | 174 |
| Q1 2024 | 179 |
| Q2 2024 | 187 |
| Q3 2024 | 193 |
| Q4 2024 | 185 |
| Q1 2025 | 196 |
| Q2 2025 | 192 |
| Q3 2025 | 183 |
| Q4 2025 | 201 |
| Q1 2026 | 217 |
| Q2 2026 | 222 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 94 | 79 |
| Q4 2024 | 71 | 96 |
| Q1 2025 | 98 | 83 |
| Q2 2025 | 112 | 73 |
| Q3 2025 | 103 | 82 |
| Q4 2025 | 98 | 77 |
| Q1 2026 | 108 | 98 |
| Q2 2026 | 107 | 105 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $199.2m | $34.8m | 0.17 |
| Q4 2025 | $61.9m | $52.3m | 0.84 |
| Q1 2026 | $391.6m | $110.6m | 0.28 |
| Q2 2026 | $352.2m | $110.9m | 0.31 |
Biggest buyers
| STATE OF WISCONSIN INVESTMENT BOARD | Added | +7.9m |
| JANE STREET GROUP, LLC | Added | +7.9m |
| Robeco Institutional Asset Management B.V. | Added | +6.5m |
| RENAISSANCE TECHNOLOGIES LLC | Added | +6.3m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +4.8m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | New | +2.9m |
| GOLDMAN SACHS GROUP INC | Added | +2.6m |
| Qube Research & Technologies Ltd | New | +2.6m |
| MARSHALL WACE, LLP | Added | +1.8m |
| BlackRock, Inc. | Added | +1.8m |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -7.2m |
| SPX Gestao de Recursos Ltda | Reduced | -5.9m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -1.8m |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Reduced | -1.6m |
| BRANDES INVESTMENT PARTNERS, LP | Reduced | -1.0m |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -749.6k |
| Allspring Global Investments Holdings, LLC | Reduced | -557.9k |
| Absolute Gestao de Investimentos Ltda. | Reduced | -547.4k |
| Point72 Asset Management, L.P. | Reduced | -415.7k |
| Caitong International Asset Management Co., Ltd | Reduced | -394.0k |
Biggest calls
| Optiver Holding B.V. | Added | $125.8m8.6m shares |
| Capital Markets Trading UK LLP | Added | $76.5m4.7m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $71.4m4.9m shares |
| CMT Capital Markets Trading GmbH | Added | $26.9m1.7m shares |
| GROUP ONE TRADING LLC | Added | $24.8m1.7m shares |
| JANE STREET GROUP, LLC | Added | $24.0m1.6m shares |
| CITADEL ADVISORS LLC | Added | $2.1m141.4k shares |
| SIG BROKERAGE, LP | New | $417.2k28.5k shares |
| MARSHALL WACE, LLP | Added | $373.3k25.5k shares |
Biggest puts
| Capital Markets Trading UK LLP | Added | $50.5m3.1m shares |
| CMT Capital Markets Trading GmbH | Added | $24.1m1.5m shares |
| Optiver Holding B.V. | Added | $21.1m1.4m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $14.1m963.0k shares |
| JANE STREET GROUP, LLC | Reduced | $713.0k48.7k shares |
| CITADEL ADVISORS LLC | Reduced | $178.6k12.2k shares |
| MARSHALL WACE, LLP | Added | $137.6k9.4k shares |
| GROUP ONE TRADING LLC | New | $63.0k4.3k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
BNDES Participacoes S.A.
13D · may seek influence
-0.9 pts · filed 2026-07-20
Stated purposeThis Amendment is being filed to report a decrease in the Preferred Shares beneficially owned by the Reporting Persons, as a result of a combination of open market sales made by the Reporting Persons. As a result of the foregoing, the Preferred Shares owned by the Reporting Persons decreased from 916,700,003 to 865,743,903 (corresponding to approximately 15.90% of the Issuer's outstanding Preferred Shares). The aggregate percentages of the class beneficially owned by the Reporting Persons is calculated based on 5,446,501,379 Preferred Shares of the Issuer outstanding as of March 31, 2026, as reported in Petrobras' 6-K. The Reporting Persons may, from time to time, take such actions regarding their investment in the Preferred Shares as they deem appropriate. These actions may include: (i)… Full filing |
15.9% |
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 1 | $9.5k | 1 | $173 | — |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-04-02 | Laureano Angelica Garcia Cobas Chief Commercial Officer · By spouse · PETR4 | Bought | $9.5k1.0k shares |
| 2026-04-01 | Laureano Angelica Garcia Cobas Chief Commercial Officer · By spouse · PETR4 | Sold | $17319 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Robeco Institutional Asset Management B.V. 0.68% of their portfolio | 37.6m $549.9m | Added +6.5m |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 29.0m $428.2m | Reduced -7.2m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.16% of their portfolio | 24.2m $354.4m | Added +4.8m |
| BlackRock, Inc. 0.00% of their portfolio | 22.7m $332.2m | Added +1.8m |
| RENAISSANCE TECHNOLOGIES LLC 0.22% of their portfolio | 10.9m $159.4m | Added +6.3m |
| STATE OF WISCONSIN INVESTMENT BOARD 0.27% of their portfolio | 9.1m $133.6m | Added +7.9m |
| Amundi 0.03% of their portfolio | 8.5m $124.8m | Added +360.2k |
| JANE STREET GROUP, LLC 0.07% of their portfolio | 8.0m $117.5m | Added +7.9m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.04% of their portfolio | 7.5m $113.0m | Reduced -1.8m |
| Itau Unibanco Holding S.A. 2.15% of their portfolio | 7.5m $109.3m | Added +1.3m |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 6.9m $100.9m | Reduced -749.6k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 5.8m $84.9m | Added +534.9k |
| Invesco Ltd. 0.01% of their portfolio | 5.4m $79.1m | Added +756.5k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.11% of their portfolio | 5.2m $75.9m | Unchanged |
| FMR LLC 0.00% of their portfolio | 5.1m $74.6m | Added +132.9k |
| STATE STREET CORP 0.00% of their portfolio | 4.9m $73.1m | Reduced -11.3k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 4.5m $65.4m | Added +2.6m |
| MARSHALL WACE, LLP 0.05% of their portfolio | 3.7m $54.4m | Added +1.8m |
| BAILLIE GIFFORD & CO 0.05% of their portfolio | 3.7m $53.6m | Reduced -84.1k |
| BRANDES INVESTMENT PARTNERS, LP 0.33% of their portfolio | 3.2m $46.9m | Reduced -1.0m |
| CAUSEWAY CAPITAL MANAGEMENT LLC 0.49% of their portfolio | 3.1m $45.3m | Added +1.6m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.18% of their portfolio | 2.9m $42.2m | New |
| Qube Research & Technologies Ltd 0.04% of their portfolio | 2.6m $38.1m | New |
| Absolute Gestao de Investimentos Ltda. 10.42% of their portfolio | 2.6m $37.8m | Reduced -547.4k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.08% of their portfolio | 2.4m $35.3m | Added +1.7m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 2.2m $32.7m | Reduced -110.1k |
| State of New Jersey Common Pension Fund D 0.09% of their portfolio | 1.9m $27.6m | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.8m $26.5m | Reduced -128.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.8m $26.5m | Added +776.0k |
| MORGAN STANLEY 0.00% of their portfolio | 1.7m $25.4m | Added +483.0k |
| BARCLAYS PLC 0.01% of their portfolio | 1.7m $24.7m | Added +41.8k |
| Man Group plc 0.04% of their portfolio | 1.5m $21.9m | Added +123.6k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 1.5m $21.5m | Added +101.0k |
| UBS Group AG 0.00% of their portfolio | 1.4m $20.6m | Reduced -95.2k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 1.4m $19.9m | Added +1.1m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 1.3m $19.0m | Reduced -40.7k |
| Navi International - Administradora e Gestora de Recursos Financeiros Ltda. 12.01% of their portfolio | 1.2m $17.0m | Added +316.1k |
| SPX Gestao de Recursos Ltda 1.62% of their portfolio | 992.9k $14.5m | Reduced -5.9m |
| Virtu Financial LLC 0.45% of their portfolio | 984.5k $14.4m | Reduced -98.4k |
| Allspring Global Investments Holdings, LLC 0.02% of their portfolio | 818.0k $11.9m | Reduced -557.9k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 765.8k $11.2m | Added +187.2k |
| Lifetime Wealth Management P.C. 5.58% of their portfolio | 652.9k $9.6m | Reduced -4.0k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 577.6k $8.5m | New |
| Cape Ann Asset Management Ltd 1.82% of their portfolio | 540.9k $7.9m | Reduced -53.9k |
| Tidal Investments LLC 0.02% of their portfolio | 498.5k $7.3m | Reduced -195.8k |
| CIBC WORLD MARKET INC. 0.01% of their portfolio | 484.0k $7.1m | New |
| BARINGS LLC 0.12% of their portfolio | 478.9k $7.0m | Added +110.1k |
| Jupiter Topco LLC 0.00% of their portfolio | 450.3k $6.6m | First filing |
| DEPRINCE RACE & ZOLLO INC 0.11% of their portfolio | 447.3k $6.5m | Added +25.1k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio | 436.9k $6.4m | Reduced -1.6m |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 417.0k $6.1m | Reduced -147.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 416.9k $6.1m | Reduced -81.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 315.3k $4.6m | Reduced -43.3k |
| HRT FINANCIAL LP 0.01% of their portfolio | 283.2k $4.1m | Reduced -119.1k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 278.9k $4.1m | Added +240.4k |
| Fiera Capital Corp 0.01% of their portfolio | 262.7k $3.8m | New |
| SEI INVESTMENTS CO 0.00% of their portfolio | 256.9k $3.8m | Reduced -85.9k |
| Aberdeen Group plc 0.01% of their portfolio | 249.1k $3.6m | Reduced -80.6k |
| PINEBRIDGE INVESTMENTS LLC 0.03% of their portfolio | 229.3k $3.4m | Reduced -24.4k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 208.0k $3.0m | Reduced -415.7k |
| Schonfeld Strategic Advisors LLC 0.02% of their portfolio | 203.4k $3.0m | New |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 198.5k $2.9m | Reduced -53.8k |
| WIT Partners Advisory Pte. Ltd. 1.22% of their portfolio | 177.8k $2.6m | Added +65.5k |
| Stanley-Laman Group, Ltd. 0.29% of their portfolio | 174.0k $2.8m | Reduced -850 |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 167.4k $2.5m | Added +31.4k |
| FIL Ltd 0.00% of their portfolio | 161.8k $2.4m | New |
| Crossmark Global Holdings, Inc. 0.03% of their portfolio | 160.9k $2.4m | Added +429 |
| NATIXIS 0.01% of their portfolio | 154.8k $2.3m | Reduced -21.0k |
| VPR Management LLC 0.91% of their portfolio | 154.3k $2.3m | Unchanged |
| DRW Securities, LLC 0.13% of their portfolio | 154.0k $2.3m | New |
| ABN AMRO INVESTMENT SOLUTIONS 0.02% of their portfolio | 145.6k $2.1m | Added +110.0k |
| LARCH CAPITAL PARTNERS LLC 0.31% of their portfolio | 144.6k $2.2m | Unchanged |
| BROWN ADVISORY INC 0.00% of their portfolio | 144.5k $2.1m | Added +74.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 144.5k $2.1m | Added +137.9k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 144.3k $2.1m | Added +35.6k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 139.0k $2.0m | Unchanged |
| LPL Financial LLC 0.00% of their portfolio | 135.9k $2.0m | Reduced -13.7k |
| PROFUND ADVISORS LLC 0.05% of their portfolio | 117.6k $1.7m | Reduced -27.6k |
| HANTZ FINANCIAL SERVICES, INC. 0.02% of their portfolio | 116.9k $1.7m | Reduced -69.3k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 116.0k $1.7m | Reduced -34.4k |
| Obermeyer Wealth Partners 0.07% of their portfolio | 112.3k $1.6m | Reduced -5.2k |
| Mutual Advisors, LLC 0.03% of their portfolio | 109.1k $1.6m | Reduced -322 |
| Vident Advisory, LLC 0.01% of their portfolio | 107.4k $1.6m | Added +29.1k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 102.1k $1.5m | Reduced -4.2k |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 101.4k $1.5m | New |
| Wellington Shields Capital Management, LLC 0.18% of their portfolio | 94.6k $1.4m | Unchanged |
| Nykredit A/S 0.00% of their portfolio | 93.9k $1.4m | First filing |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 93.1k $1.4m | Reduced -15.1k |
| Oldfield Partners LLP 0.32% of their portfolio | 90.0k $1.3m | Reduced -3.1k |
| Daiwa Securities Group Inc. 0.00% of their portfolio | 89.6k $1.3m | Added +12.0k |
| Callan Family Office, LLC 0.03% of their portfolio | 89.0k $1.3m | Reduced -31.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 86.2k $1.3m | Reduced -40.0k |
| Y-Intercept (Hong Kong) Ltd 0.02% of their portfolio | 83.2k $1.2m | Reduced -93.9k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 81.3k $1.2m | New |
| Corient Private Wealth LP 0.00% of their portfolio | 73.5k $1.1m | Added +6.5k |
| NATIXIS ADVISORS, LLC 0.00% of their portfolio | 73.0k $1.1m | Reduced -13.2k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 70.0k $1.0m | Reduced -17.2k |
| Qtron Investments LLC 0.14% of their portfolio | 69.6k $1.0m | Reduced -14.5k |
| TWO SIGMA SECURITIES, LLC 0.09% of their portfolio | 69.0k $1.0m | Reduced -79.7k |
| IQ EQ FUND MANAGEMENT (SINGAPORE) PRIVATE Ltd 1.64% of their portfolio | 65.0k $951.6k | New |