Vault-13

PETROLEO BRASILEIRO SA PETRO PBR.A

SP ADR NON VTG · ADR · CUSIP 71654V101

Brazilian multinational oil and gas corporation

162 institutional holders +14 vs Q3 2022
217,069,871217.1m shares reported held*
$2.0bnreported value*
29 new 40 added 63 reduced 17 sold out net bought ≈ $98.7m (+10.6m shares)

* 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

0100200Q3 22: 148Q4 22: 162162Q3 22Q4 22
Numbers
QuarterHolders
Q3 2022148
Q4 2022162

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$50m$100m$150mQ3 22 calls: $56.1mQ3 22 puts: $115.3mQ3 22P/C 2.06Q4 22 calls: $81.5mQ4 22 puts: $111.0mQ4 22P/C 1.36
Numbers
QuarterCallsPutsP/C
Q3 2022$56.1m$115.3m2.06
Q4 2022$81.5m$111.0m1.36

Biggest buyers

Robeco Institutional Asset Management B.V. New +17,491,731+17.5m
Helikon Investments Ltd New +5,921,800+5.9m
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ New +4,756,708+4.8m
STATE OF WISCONSIN INVESTMENT BOARD Added +3,232,980+3.2m
Capital Research Global Investors New +2,081,075+2.1m
MILLENNIUM MANAGEMENT LLC Added +1,496,262+1.5m
MARSHALL WACE, LLP Added +1,267,824+1.3m
Sagil Capital LLP Added +1,164,800+1.2m
Itau Unibanco Holding S.A. Added +1,108,940+1.1m
Segantii Capital Management Ltd New +808,624+808.6k

Biggest sellers

Verition Fund Management LLC Reduced -6,131,620-6.1m
KGH Ltd Reduced -3,999,299-4.0m
FIL Ltd Sold out -3,463,939-3.5m
CITADEL ADVISORS LLC Reduced -2,797,359-2.8m
BNP PARIBAS FINANCIAL MARKETS Reduced -2,006,813-2.0m
Qube Research & Technologies Ltd Reduced -1,963,120-2.0m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -1,605,168-1.6m
Cubist Systematic Strategies, LLC Sold out -1,585,218-1.6m
CANADA PENSION PLAN INVESTMENT BOARD Sold out -1,404,600-1.4m
BRANDES INVESTMENT PARTNERS, LP Reduced -1,192,871-1.2m

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.

HolderStakeChangeShares Last filed
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% -0.9 pts 865.7m 2026-07-20

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.27% of their portfolio BOSTON, MA 20,392,48520.4m $189.4m $189.4m 0.27% Reduced -1.6m -1,605,168
2 Robeco Institutional Asset Management B.V. 0.47% of their portfolio ROTTERDAM, P7 17,491,73117.5m $162.5m $162.5m 0.47% New
3 FMR LLC 0.02% of their portfolio BOSTON, MA 17,255,55117.3m $160.3m $160.3m 0.02% Added +586.8k +586,836
4 BlackRock Inc. 0.00% of their portfolio New York, NY 14,642,50514.6m $136.0m $136.0m 0.00% Added +545.4k +545,433
5 DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio AUSTIN, TX 13,120,52513.1m $121.9m $121.9m 0.04% Added +738 +738
6 STATE OF WISCONSIN INVESTMENT BOARD 0.36% of their portfolio MADISON, WI 11,991,44312.0m $111.4m $111.4m 0.36% Added +3.2m +3,232,980
7 BAILLIE GIFFORD & CO 0.10% of their portfolio EDINBURGH, X0 10,331,55910.3m $96.0m $96.0m 0.10% Added +54.7k +54,714
8 RENAISSANCE TECHNOLOGIES LLC 0.11% of their portfolio NEW YORK, NY 8,503,9018.5m $79.0m $79.0m 0.11% Reduced -267.2k -267,199
9 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 8,174,7288.2m $75.9m $75.9m 0.00% Added +217.8k +217,805
10 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 7,440,4577.4m $69.1m $69.1m 0.01% Reduced -20.1k -20,076
11 Itau Unibanco Holding S.A. 2.71% of their portfolio SAO PAULO, D5 7,182,2187.2m $66.4m $66.4m 2.71% Added +1.1m +1,108,940
12 Amundi 0.04% of their portfolio Paris, I0 6,836,5036.8m $64.1m $64.1m 0.04% Reduced -77.5k -77,545
13 Helikon Investments Ltd 10.34% of their portfolio LONDON, X0 5,921,8005.9m $55.0m $55.0m 10.34% New
14 Grantham, Mayo, Van Otterloo & Co. LLC 0.28% of their portfolio Boston, MA 5,701,7785.7m $53.0m $53.0m 0.28% Added +352.3k +352,265
15 MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 5,450,3705.5m $50.6m $50.6m 0.06% Added +1.5m +1,496,262
16 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 4,812,3494.8m $44.7m $44.7m 0.00% Reduced -923.0k -922,950
17 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio Boston, MA 4,756,7084.8m $44.2m $44.2m 0.02% New
18 KGH Ltd 2.83% of their portfolio NASSAU, C5 4,050,1004.1m $37.6m $37.6m 2.83% Reduced -4.0m -3,999,299
19 CAUSEWAY CAPITAL MANAGEMENT LLC 1.07% of their portfolio LOS ANGELES, CA 3,963,6944.0m $36.8m $36.8m 1.07% Reduced -410.9k -410,887
20 MACQUARIE GROUP LTD 0.03% of their portfolio Sydney, NSW 2000, C3 2,785,5092.8m $25.9m $25.9m 0.03% Unchanged
21 Man Group plc 0.08% of their portfolio LONDON, X0 2,456,4612.5m $22.8m $22.8m 0.08% Reduced -131.1k -131,079
22 Sagil Capital LLP 18.58% of their portfolio LONDON, X0 2,300,0002.3m $21.4m $21.4m 18.58% Added +1.2m +1,164,800
23 Capital Research Global Investors 0.01% of their portfolio Los Angeles, CA 2,081,0752.1m $19.3m $19.3m 0.01% New
24 MARSHALL WACE, LLP 0.05% of their portfolio LONDON, X0 2,024,0862.0m $18.8m $18.8m 0.05% Added +1.3m +1,267,824
25 Verition Fund Management LLC 0.34% of their portfolio GREENWICH, CT 1,868,3801.9m $17.4m $17.4m 0.34% Reduced -6.1m -6,131,620
26 Oldfield Partners LLP 2.73% of their portfolio LONDON, X0 1,666,0231.7m $15.5m $15.5m 2.73% Added +149.9k +149,900
27 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,382,1511.4m $12.8m $12.8m 0.00% Added +415.9k +415,859
28 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 1,265,6401.3m $11.8m $11.8m 0.01% Reduced -300.7k -300,707
29 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 1,260,7551.3m $11.7m $11.7m 0.02% Added +79.1k +79,051
30 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 1,194,0401.2m $11.1m $11.1m 0.01% Added +490.5k +490,521
31 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 1,001,8241.0m $9.3m $9.3m 0.00% Reduced -87.6k -87,556
32 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio JUPITER, FL 995,684995.7k $9.2m $9.2m 0.05% Reduced -1.1m -1,089,256
33 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 905,983906.0k $8.4m $8.4m 0.00% Unchanged
34 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 898,321898.3k $8.3m $8.3m 0.00% Reduced -199.9k -199,864
35 Segantii Capital Management Ltd 0.29% of their portfolio HONG KONG, K3 808,624808.6k $7.5m $7.5m 0.29% New
36 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 761,276761.3k $7.1m $7.1m 0.01% Added +85.7k +85,665
37 Allspring Global Investments Holdings, LLC 0.01% of their portfolio CHARLOTTE, NC 662,426662.4k $6.2m $6.2m 0.01% Reduced -259.4k -259,446
38 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 639,478639.5k $5.9m $5.9m 0.01% Reduced -233.7k -233,719
39 Trexquant Investment LP 0.15% of their portfolio STAMFORD, CT 562,287562.3k $5.2m $5.2m 0.15% Added +293.0k +292,978
40 MIRABELLA FINANCIAL SERVICES LLP 0.45% of their portfolio London, X0 548,147548.1k $5.1m $5.1m 0.45% New
41 Herr Investment Group LLC 0.96% of their portfolio AUSTIN, TX 545,000545.0k $5.1m $5.1m 0.96% First filing
42 Ninety One UK Ltd 0.02% of their portfolio London, X0 532,556532.6k $4.9m $4.9m 0.02% New
43 Manning & Napier Group, LLC 0.06% of their portfolio Fairport, NY 502,791502.8k $4.7m $4.7m 0.06% Reduced -9.7k -9,682
44 Weiss Multi-Strategy Advisers LLC 0.13% of their portfolio NEW YORK, NY 475,000475.0k $4.4m $4.4m 0.13% New
45 Qube Research & Technologies Ltd 0.03% of their portfolio LONDON, X0 467,453467.5k $4.3m $4.3m 0.03% Reduced -2.0m -1,963,120
46 BARINGS LLC 0.15% of their portfolio CHARLOTTE, NC 456,537456.5k $4.2m $4.2m 0.15% Reduced -67.4k -67,386
47 Cape Ann Asset Management Ltd 4.03% of their portfolio LONDON, X0 393,410393.4k $3.7m $3.7m 4.03% Reduced -208.9k -208,910
48 SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio London, X0 372,649372.6k $3.5m $3.5m 0.01% Reduced -1.2m -1,183,168
49 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 372,231372.2k $3.5m $3.5m 0.00% Reduced -15.7k -15,693
50 Squarepoint Ops LLC 0.02% of their portfolio NEW YORK, NY 318,873318.9k $3.1m $3.1m 0.02% New
51 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 311,453311.5k $2.9m $2.9m 0.00% New
52 UBS Group AG 0.00% of their portfolio ZURICH, V8 296,886296.9k $2.8m $2.8m 0.00% Added +33.0k +33,036
53 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 286,534286.5k $2.7m $2.7m 0.00% Reduced -23.7k -23,736
54 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 250,318250.3k $2.3m $2.3m 0.01% Reduced -8.1k -8,128
55 Daiwa Securities Group Inc. 0.02% of their portfolio CHIYODA-KU,TOKYO, M0 236,800236.8k $2.2m $2.2m 0.02% Added +29.5k +29,500
56 BRANDES INVESTMENT PARTNERS, LP 0.06% of their portfolio LA JOLLA, CA 226,351226.4k $2.1m $2.1m 0.06% Reduced -1.2m -1,192,871
57 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 223,923223.9k $2.1m $2.1m 0.00% Added +34.6k +34,581
58 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 215,502215.5k $2.0m $2.0m 0.00% Reduced -47.5k -47,548
59 Parsec Financial Management, Inc. 0.08% of their portfolio ASHEVILLE, NC 200,000200.0k $1.9m $1.9m 0.08% New
60 Y-Intercept (Hong Kong) Ltd 0.26% of their portfolio HONG KONG, K3 192,230192.2k $1.8m $1.8m 0.26% Reduced -43.1k -43,148
61 BlueCrest Capital Management Ltd 0.22% of their portfolio ST HELIER, Y9 191,782191.8k $1.8m $1.8m 0.22% Reduced -238.8k -238,773
62 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 183,805183.8k $1.7m $1.7m 0.00% Reduced -10.8k -10,766
63 Crossmark Global Holdings, Inc. 0.04% of their portfolio HOUSTON, TX 180,118180.1k $1.7m $1.7m 0.04% Reduced -1.9k -1,894
64 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 174,040174.0k $1.6m $1.6m 0.00% Reduced -19.0k -18,991
65 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 170,323170.3k $1.6m $1.6m 0.00% Reduced -24.4k -24,420
66 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 168,244168.2k $1.6m $1.6m 0.00% Added +3.6k +3,596
67 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 164,849164.8k $1.5m $1.5m 0.00% Reduced -109.1k -109,075
68 Fisher Asset Management, LLC 0.00% of their portfolio PLANO, TX 164,202164.2k $1.5m $1.5m 0.00% Unchanged
69 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 149,669149.7k $1.4m $1.4m 0.00% Reduced -36.4k -36,400
70 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 146,291146.3k $1.4m $1.4m 0.00% Reduced -2.8k -2,802
71 NATIXIS ADVISORS, LLC 0.00% of their portfolio Boston, MA 136,316136.3k $1.3m $1.3m 0.00% Reduced -73.8k -73,825
72 HANTZ FINANCIAL SERVICES, INC. 0.04% of their portfolio SOUTHFIELD, MI 135,740135.7k $1.3m $1.3m 0.04% Reduced -10.9k -10,937
73 Sageworth Trust Co 0.09% of their portfolio LANCASTER, PA 120,841120.8k $1.1m $1.1m 0.09% Unchanged
74 Jenkins Wealth 0.45% of their portfolio ENGLEWOOD, CO 119,273119.3k $1.1m $1.1m 0.45% First filing
75 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 118,859118.9k $1.1m $1.1m 0.00% New
76 TWO SIGMA SECURITIES, LLC 0.15% of their portfolio NEW YORK, NY 115,684115.7k $1.1m $1.1m 0.15% Added +55.0k +55,012
77 PROFUND ADVISORS LLC 0.06% of their portfolio BETHESDA, MD 102,961103.0k $956.5k $956.5k 0.06% Added +13.6k +13,609
78 Wellington Shields Capital Management, LLC 0.11% of their portfolio NEW YORK, NY 100,000100.0k $929.0k $929.0k 0.11% Unchanged
79 AE Wealth Management LLC 0.01% of their portfolio TOPEKA, KS 91,12591.1k $846.6k $846.6k 0.01% Added +50.6k +50,568
80 Advisors Asset Management, Inc. 0.02% of their portfolio Monument, CO 89,88489.9k $835.0k $835.0k 0.02% Added +12.1k +12,134
81 CANTOR FITZGERALD, L. P. 0.02% of their portfolio NEW YORK, NY 87,52987.5k $813.0k $813.0k 0.02% Added +20.8k +20,775
82 Donoghue Forlines LLC 0.27% of their portfolio Boston, MA 83,08683.1k $771.9k $771.9k 0.27% Added +46.3k +46,265
83 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 81,31381.3k $755.4k $755.4k 0.00% Added +29.6k +29,618
84 SEGALL BRYANT & HAMILL, LLC 0.01% of their portfolio CHICAGO, IL 78,80078.8k $732.0k $732.0k 0.01% Reduced -3.3k -3,300
85 Port Capital LLC 0.05% of their portfolio CHICAGO, IL 74,10174.1k $689.0k $689.0k 0.05% Unchanged
86 Engineers Gate Manager LP 0.04% of their portfolio NEW YORK, NY 70,69570.7k $656.8k $656.8k 0.04% Added +56.4k +56,412
87 Schechter Investment Advisors, LLC 0.06% of their portfolio BIRMINGHAM, MI 65,36365.4k $607.5k $607.5k 0.06% Reduced -18.1k -18,117
88 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 60,17760.2k $559.0k $559.0k 0.00% First filing
89 Pacer Advisors, Inc. 0.00% of their portfolio Malvern, PA 60,00460.0k $557.4k $557.4k 0.00% Added +39.6k +39,606
90 Employees Retirement System of Texas 0.01% of their portfolio AUSTIN, TX 59,48059.5k $553.0k $553.0k 0.01% Unchanged
91 XTX Topco Ltd 0.11% of their portfolio LONDON, X0 55,62855.6k $516.8k $516.8k 0.11% New
92 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 52,57452.6k $488.7k $488.7k 0.00% Unchanged
93 PATHSTONE FAMILY OFFICE, LLC 0.00% of their portfolio ENGLEWOOD, NJ 52,03852.0k $495.8k $495.8k 0.00% New
94 Virtu Financial LLC 0.06% of their portfolio New York, NY 51,17751.2k $475.0k $475.0k 0.06% New
95 Aspen Grove Capital, LLC 0.23% of their portfolio AVON, CO 50,00050.0k $496.8k $496.8k 0.23% First filing
96 CONTRARIAN CAPITAL MANAGEMENT, L.L.C. 0.11% of their portfolio Greenwich, CT 49,09849.1k $456.1k $456.1k 0.11% Unchanged
97 COMERICA BANK 0.00% of their portfolio DALLAS, TX 46,81546.8k $470.0k $470.0k 0.00% Reduced -193 -193
98 YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BLOOMFIELD HILLS, MI 46,81546.8k $434.9k $434.9k 0.01% Unchanged
99 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 43,73143.7k $406.3k $406.3k 0.00% Reduced -2.8m -2,797,359
100 Hennion & Walsh Asset Management, Inc. 0.02% of their portfolio Parsippany, NJ 39,10939.1k $363.0k $363.0k 0.02% Added +15.0k +14,985