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 ($5.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $9.29. Options: 8 managers hold calls ($81.5m notional), 7 hold puts ($111.0m).
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 148 |
| Q4 2022 | 162 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $56.1m | $115.3m | 2.06 |
| Q4 2022 | $81.5m | $111.0m | 1.36 |
Biggest buyers
| Robeco Institutional Asset Management B.V. | New | +17.5m |
| Helikon Investments Ltd | New | +5.9m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | New | +4.8m |
| STATE OF WISCONSIN INVESTMENT BOARD | Added | +3.2m |
| Capital Research Global Investors | New | +2.1m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.5m |
| MARSHALL WACE, LLP | Added | +1.3m |
| Sagil Capital LLP | Added | +1.2m |
| Itau Unibanco Holding S.A. | Added | +1.1m |
| Segantii Capital Management Ltd | New | +808.6k |
Biggest sellers
| Verition Fund Management LLC | Reduced | -6.1m |
| KGH Ltd | Reduced | -4.0m |
| FIL Ltd | Sold out | -3.5m |
| CITADEL ADVISORS LLC | Reduced | -2.8m |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | -2.0m |
| Qube Research & Technologies Ltd | Reduced | -2.0m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -1.6m |
| Cubist Systematic Strategies, LLC | Sold out | -1.6m |
| CANADA PENSION PLAN INVESTMENT BOARD | Sold out | -1.4m |
| BRANDES INVESTMENT PARTNERS, LP | Reduced | -1.2m |
Biggest calls
| CMT Capital Markets Trading GmbH | Added | $53.4m5.0m shares |
| Capital Markets Trading UK LLP | Added | $19.9m1.9m shares |
| Squarepoint Ops LLC | New | $6.2m580.0k shares |
| Optiver Holding B.V. | New | $1.6m167.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $458.0k49.3k shares |
| CITADEL ADVISORS LLC | Reduced | $42.7k4.6k shares |
| Altshuler Shaham Ltd | New | $7.0k100 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CMT Capital Markets Trading GmbH | Added | $59.9m5.6m shares |
| Capital Markets Trading UK LLP | Reduced | $46.9m4.4m shares |
| Squarepoint Ops LLC | New | $2.6m239.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $593.6k63.9k shares |
| CITADEL ADVISORS LLC | Added | $574.1k61.8k shares |
| Optiver Holding B.V. | New | $460.0k49.5k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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 in Q4 2022
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.
None reported in Q4 2022.
Holders, Q4 2022
| Manager | Shares | Change |
|---|---|---|
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.27% of their portfolio | 20.4m $189.4m | Reduced -1.6m |
| Robeco Institutional Asset Management B.V. 0.47% of their portfolio | 17.5m $162.5m | New |
| FMR LLC 0.02% of their portfolio | 17.3m $160.3m | Added +586.8k |
| BlackRock Inc. 0.00% of their portfolio | 14.6m $136.0m | Added +545.4k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 13.1m $121.9m | Added +738 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.36% of their portfolio | 12.0m $111.4m | Added +3.2m |
| BAILLIE GIFFORD & CO 0.10% of their portfolio | 10.3m $96.0m | Added +54.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.11% of their portfolio | 8.5m $79.0m | Reduced -267.2k |
| VANGUARD GROUP INC 0.00% of their portfolio | 8.2m $75.9m | Added +217.8k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 7.4m $69.1m | Reduced -20.1k |
| Itau Unibanco Holding S.A. 2.71% of their portfolio | 7.2m $66.4m | Added +1.1m |
| Amundi 0.04% of their portfolio | 6.8m $64.1m | Reduced -77.5k |
| Helikon Investments Ltd 10.34% of their portfolio | 5.9m $55.0m | New |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.28% of their portfolio | 5.7m $53.0m | Added +352.3k |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 5.5m $50.6m | Added +1.5m |
| STATE STREET CORP 0.00% of their portfolio | 4.8m $44.7m | Reduced -923.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio | 4.8m $44.2m | New |
| KGH Ltd 2.83% of their portfolio | 4.1m $37.6m | Reduced -4.0m |
| CAUSEWAY CAPITAL MANAGEMENT LLC 1.07% of their portfolio | 4.0m $36.8m | Reduced -410.9k |
| MACQUARIE GROUP LTD 0.03% of their portfolio | 2.8m $25.9m | Unchanged |
| Man Group plc 0.08% of their portfolio | 2.5m $22.8m | Reduced -131.1k |
| Sagil Capital LLP 18.58% of their portfolio | 2.3m $21.4m | Added +1.2m |
| Capital Research Global Investors 0.01% of their portfolio | 2.1m $19.3m | New |
| MARSHALL WACE, LLP 0.05% of their portfolio | 2.0m $18.8m | Added +1.3m |
| Verition Fund Management LLC 0.34% of their portfolio | 1.9m $17.4m | Reduced -6.1m |
| Oldfield Partners LLP 2.73% of their portfolio | 1.7m $15.5m | Added +149.9k |
| MORGAN STANLEY 0.00% of their portfolio | 1.4m $12.8m | Added +415.9k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 1.3m $11.8m | Reduced -300.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 1.3m $11.7m | Added +79.1k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 1.2m $11.1m | Added +490.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.0m $9.3m | Reduced -87.6k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio | 995.7k $9.2m | Reduced -1.1m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 906.0k $8.4m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 898.3k $8.3m | Reduced -199.9k |
| Segantii Capital Management Ltd 0.29% of their portfolio | 808.6k $7.5m | New |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 761.3k $7.1m | Added +85.7k |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 662.4k $6.2m | Reduced -259.4k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 639.5k $5.9m | Reduced -233.7k |
| Trexquant Investment LP 0.15% of their portfolio | 562.3k $5.2m | Added +293.0k |
| MIRABELLA FINANCIAL SERVICES LLP 0.45% of their portfolio | 548.1k $5.1m | New |
| Herr Investment Group LLC 0.96% of their portfolio | 545.0k $5.1m | First filing |
| Ninety One UK Ltd 0.02% of their portfolio | 532.6k $4.9m | New |
| Manning & Napier Group, LLC 0.06% of their portfolio | 502.8k $4.7m | Reduced -9.7k |
| Weiss Multi-Strategy Advisers LLC 0.13% of their portfolio | 475.0k $4.4m | New |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 467.5k $4.3m | Reduced -2.0m |
| BARINGS LLC 0.15% of their portfolio | 456.5k $4.2m | Reduced -67.4k |
| Cape Ann Asset Management Ltd 4.03% of their portfolio | 393.4k $3.7m | Reduced -208.9k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio | 372.6k $3.5m | Reduced -1.2m |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 372.2k $3.5m | Reduced -15.7k |
| Squarepoint Ops LLC 0.02% of their portfolio | 318.9k $3.1m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 311.5k $2.9m | New |
| UBS Group AG 0.00% of their portfolio | 296.9k $2.8m | Added +33.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 286.5k $2.7m | Reduced -23.7k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 250.3k $2.3m | Reduced -8.1k |
| Daiwa Securities Group Inc. 0.02% of their portfolio | 236.8k $2.2m | Added +29.5k |
| BRANDES INVESTMENT PARTNERS, LP 0.06% of their portfolio | 226.4k $2.1m | Reduced -1.2m |
| Invesco Ltd. 0.00% of their portfolio | 223.9k $2.1m | Added +34.6k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 215.5k $2.0m | Reduced -47.5k |
| Parsec Financial Management, Inc. 0.08% of their portfolio | 200.0k $1.9m | New |
| Y-Intercept (Hong Kong) Ltd 0.26% of their portfolio | 192.2k $1.8m | Reduced -43.1k |
| BlueCrest Capital Management Ltd 0.22% of their portfolio | 191.8k $1.8m | Reduced -238.8k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 183.8k $1.7m | Reduced -10.8k |
| Crossmark Global Holdings, Inc. 0.04% of their portfolio | 180.1k $1.7m | Reduced -1.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 174.0k $1.6m | Reduced -19.0k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 170.3k $1.6m | Reduced -24.4k |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 168.2k $1.6m | Added +3.6k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 164.8k $1.5m | Reduced -109.1k |
| Fisher Asset Management, LLC 0.00% of their portfolio | 164.2k $1.5m | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 149.7k $1.4m | Reduced -36.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 146.3k $1.4m | Reduced -2.8k |
| NATIXIS ADVISORS, LLC 0.00% of their portfolio | 136.3k $1.3m | Reduced -73.8k |
| HANTZ FINANCIAL SERVICES, INC. 0.04% of their portfolio | 135.7k $1.3m | Reduced -10.9k |
| Sageworth Trust Co 0.09% of their portfolio | 120.8k $1.1m | Unchanged |
| Jenkins Wealth 0.45% of their portfolio | 119.3k $1.1m | First filing |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 118.9k $1.1m | New |
| TWO SIGMA SECURITIES, LLC 0.15% of their portfolio | 115.7k $1.1m | Added +55.0k |
| PROFUND ADVISORS LLC 0.06% of their portfolio | 103.0k $956.5k | Added +13.6k |
| Wellington Shields Capital Management, LLC 0.11% of their portfolio | 100.0k $929.0k | Unchanged |
| AE Wealth Management LLC 0.01% of their portfolio | 91.1k $846.6k | Added +50.6k |
| Advisors Asset Management, Inc. 0.02% of their portfolio | 89.9k $835.0k | Added +12.1k |
| CANTOR FITZGERALD, L. P. 0.02% of their portfolio | 87.5k $813.0k | Added +20.8k |
| Donoghue Forlines LLC 0.27% of their portfolio | 83.1k $771.9k | Added +46.3k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 81.3k $755.4k | Added +29.6k |
| SEGALL BRYANT & HAMILL, LLC 0.01% of their portfolio | 78.8k $732.0k | Reduced -3.3k |
| Port Capital LLC 0.05% of their portfolio | 74.1k $689.0k | Unchanged |
| Engineers Gate Manager LP 0.04% of their portfolio | 70.7k $656.8k | Added +56.4k |
| Schechter Investment Advisors, LLC 0.06% of their portfolio | 65.4k $607.5k | Reduced -18.1k |
| BARCLAYS PLC 0.00% of their portfolio | 60.2k $559.0k | First filing |
| Pacer Advisors, Inc. 0.00% of their portfolio | 60.0k $557.4k | Added +39.6k |
| Employees Retirement System of Texas 0.01% of their portfolio | 59.5k $553.0k | Unchanged |
| XTX Topco Ltd 0.11% of their portfolio | 55.6k $516.8k | New |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 52.6k $488.7k | Unchanged |
| PATHSTONE FAMILY OFFICE, LLC 0.00% of their portfolio | 52.0k $495.8k | New |
| Virtu Financial LLC 0.06% of their portfolio | 51.2k $475.0k | New |
| Aspen Grove Capital, LLC 0.23% of their portfolio | 50.0k $496.8k | First filing |
| CONTRARIAN CAPITAL MANAGEMENT, L.L.C. 0.11% of their portfolio | 49.1k $456.1k | Unchanged |
| COMERICA BANK 0.00% of their portfolio | 46.8k $470.0k | Reduced -193 |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 46.8k $434.9k | Unchanged |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 43.7k $406.3k | Reduced -2.8m |
| Hennion & Walsh Asset Management, Inc. 0.02% of their portfolio | 39.1k $363.0k | Added +15.0k |