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 ($43.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $9.36. Options: 7 managers hold calls ($57.3m notional), 6 hold puts ($103.7m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 148 |
| Q4 2022 | 162 |
| Q1 2023 | 171 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 69 | 80 |
| Q1 2023 | 88 | 67 |
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 |
| Q1 2023 | $57.3m | $103.7m | 1.81 |
Biggest buyers
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Added | +20.0m |
| FMR LLC | Added | +17.4m |
| CITIGROUP INC | Added | +3.6m |
| Man Group plc | New | +2.4m |
| TT International Asset Management LTD | New | +1.7m |
| BLOOM TREE PARTNERS, LLC | New | +1.6m |
| BRANDES INVESTMENT PARTNERS, LP | Added | +1.2m |
| JPMORGAN CHASE & CO | Added | +721.7k |
| Cubist Systematic Strategies, LLC | New | +718.6k |
| Verition Fund Management LLC | Added | +631.7k |
Biggest sellers
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -5.1m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -4.0m |
| CAUSEWAY CAPITAL MANAGEMENT LLC | Sold out | -4.0m |
| Itau Unibanco Holding S.A. | Reduced | -2.5m |
| Man Group plc | Sold out | -2.5m |
| Capital Research Global Investors | Sold out | -2.1m |
| MARSHALL WACE, LLP | Sold out | -2.0m |
| BlackRock Inc. | Reduced | -1.5m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -890.1k |
| VANGUARD GROUP INC | Reduced | -614.6k |
Biggest calls
| CMT Capital Markets Trading GmbH | Reduced | $38.4m3.7m shares |
| Capital Markets Trading UK LLP | Reduced | $15.0m1.4m shares |
| Optiver Holding B.V. | Added | $3.7m393.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $255.2k27.5k shares |
| CITADEL ADVISORS LLC | Added | $48.3k5.2k shares |
| Altshuler Shaham Ltd | Unchanged | $2.6k100 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CMT Capital Markets Trading GmbH | Reduced | $53.3m5.1m shares |
| Capital Markets Trading UK LLP | Reduced | $45.5m4.4m shares |
| Optiver Holding B.V. | Added | $3.1m338.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.3m143.5k shares |
| CITADEL ADVISORS LLC | Reduced | $478.8k51.6k 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 Q1 2023
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 Q1 2023.
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| FMR LLC 0.01% of their portfolio | 34.6m $321.5m | Added +17.4m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.08% of their portfolio | 24.7m $229.5m | Added +20.0m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.24% of their portfolio | 20.4m $189.1m | Reduced -15.2k |
| Robeco Institutional Asset Management B.V. 0.45% of their portfolio | 17.8m $165.2m | Added +311.0k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 13.1m $121.7m | Reduced -5.6k |
| BlackRock Inc. 0.00% of their portfolio | 13.1m $121.5m | Reduced -1.5m |
| STATE OF WISCONSIN INVESTMENT BOARD 0.34% of their portfolio | 12.4m $115.1m | Added +408.1k |
| BAILLIE GIFFORD & CO 0.08% of their portfolio | 10.0m $93.0m | Reduced -311.3k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 8.2m $75.7m | Added +721.7k |
| VANGUARD GROUP INC 0.00% of their portfolio | 7.6m $70.2m | Reduced -614.6k |
| Amundi 0.03% of their portfolio | 6.7m $64.4m | Reduced -184.0k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.28% of their portfolio | 6.0m $55.6m | Added +289.7k |
| Helikon Investments Ltd 7.12% of their portfolio | 5.7m $53.2m | Reduced -184.3k |
| STATE STREET CORP 0.00% of their portfolio | 4.9m $45.2m | Added +63.0k |
| Itau Unibanco Holding S.A. 2.15% of their portfolio | 4.7m $42.8m | Reduced -2.5m |
| KGH Ltd 2.94% of their portfolio | 4.1m $37.8m | Added +20.5k |
| CITIGROUP INC 0.04% of their portfolio | 3.6m $33.2m | Added +3.6m |
| RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio | 3.4m $31.6m | Reduced -5.1m |
| MACQUARIE GROUP LTD 0.03% of their portfolio | 2.8m $25.9m | Unchanged |
| Verition Fund Management LLC 0.37% of their portfolio | 2.5m $23.2m | Added +631.7k |
| Man Group plc 0.08% of their portfolio | 2.4m $21.9m | New |
| Sagil Capital LLP 22.50% of their portfolio | 2.3m $21.3m | Unchanged |
| Oldfield Partners LLP 2.67% of their portfolio | 1.8m $16.8m | Added +142.4k |
| MORGAN STANLEY 0.00% of their portfolio | 1.7m $16.0m | Added +340.5k |
| TT International Asset Management LTD 1.72% of their portfolio | 1.7m $15.8m | New |
| BLOOM TREE PARTNERS, LLC 7.10% of their portfolio | 1.6m $14.6m | New |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 1.5m $13.9m | Added +278.7k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 1.5m $13.5m | Reduced -4.0m |
| BRANDES INVESTMENT PARTNERS, LP 0.28% of their portfolio | 1.4m $13.3m | Added +1.2m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 1.3m $12.5m | Added +84.5k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 1.2m $11.2m | Reduced -53.7k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.1m $10.6m | Added +141.0k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 906.0k $8.4m | Added +144.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 906.0k $8.4m | Unchanged |
| BARINGS LLC 0.27% of their portfolio | 838.7k $7.8m | Added +382.2k |
| Weiss Multi-Strategy Advisers LLC 0.16% of their portfolio | 725.0k $6.7m | Added +250.0k |
| Cubist Systematic Strategies, LLC 0.06% of their portfolio | 718.6k $6.7m | New |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 706.4k $1.0m | Added +532.3k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 657.1k $6.1m | Reduced -241.3k |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 628.4k $5.8m | Reduced -34.0k |
| Ninety One UK Ltd 0.02% of their portfolio | 587.4k $5.5m | Added +54.9k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 576.0k $5.3m | Reduced -63.5k |
| Manning & Napier Group, LLC 0.05% of their portfolio | 487.3k $4.5m | Reduced -15.5k |
| Segantii Capital Management Ltd 0.17% of their portfolio | 420.0k $3.9m | Reduced -388.6k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 368.6k $3.4m | Reduced -3.6k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio | 349.9k $3.2m | Reduced -22.7k |
| Herr Investment Group LLC 0.75% of their portfolio | 325.0k $3.0m | Reduced -220.0k |
| Cape Ann Asset Management Ltd 2.80% of their portfolio | 323.5k $3.0m | Reduced -69.9k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 311.9k $2.9m | Added +268.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 311.5k $2.9m | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 298.0k $2.8m | Added +11.4k |
| UBS Group AG 0.00% of their portfolio | 275.8k $2.6m | Reduced -21.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 273.8k $2.5m | Added +58.3k |
| Invesco Ltd. 0.00% of their portfolio | 240.4k $2.2m | Added +16.5k |
| Y-Intercept (Hong Kong) Ltd 0.25% of their portfolio | 231.3k $2.1m | Added +39.1k |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 221.7k $2.1m | Added +53.4k |
| Daiwa Securities Group Inc. 0.01% of their portfolio | 204.8k $1.9m | Reduced -32.0k |
| NATIXIS ADVISORS, LLC 0.01% of their portfolio | 198.3k $1.8m | Added +62.0k |
| BlueCrest Capital Management Ltd 0.19% of their portfolio | 191.8k $1.8m | Unchanged |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 191.2k $1.8m | Added +7.4k |
| Crossmark Global Holdings, Inc. 0.04% of their portfolio | 181.4k $1.7m | Added +1.3k |
| Fisher Asset Management, LLC 0.00% of their portfolio | 164.2k $1.5m | Unchanged |
| PZENA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 159.2k $1.5m | New |
| VPR Management LLC 0.30% of their portfolio | 154.3k $1.4m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 149.7k $1.4m | Unchanged |
| HANTZ FINANCIAL SERVICES, INC. 0.03% of their portfolio | 138.0k $1.3m | Added +2.2k |
| Sageworth Trust Co 0.08% of their portfolio | 120.8k $1.1m | Unchanged |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 117.0k $1.1m | Reduced -1.9k |
| SG Americas Securities, LLC 0.01% of their portfolio | 116.8k $1.1m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 116.2k $1.1m | Reduced -30.1k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 107.2k $994.4k | Reduced -63.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio | 105.6k $980.2k | Reduced -890.1k |
| HRT FINANCIAL LP 0.01% of their portfolio | 101.4k $941.0k | Added +88.3k |
| EPACRIA CAPITAL PARTNERS, LLC 0.72% of their portfolio | 100.6k $933.6k | New |
| Wellington Shields Capital Management, LLC 0.11% of their portfolio | 100.0k $928.0k | Unchanged |
| PROFUND ADVISORS LLC 0.06% of their portfolio | 99.3k $921.6k | Reduced -3.6k |
| Pacer Advisors, Inc. 0.00% of their portfolio | 99.3k $921.4k | Added +39.3k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 99.3k $921.3k | Reduced -151.0k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 99.0k $919.0k | Added +17.7k |
| PHILADELPHIA TRUST CO 0.09% of their portfolio | 98.3k $912.0k | New |
| Blueshift Asset Management, LLC 0.38% of their portfolio | 98.2k $911.4k | New |
| Parsec Financial Management, Inc. 0.04% of their portfolio | 92.0k $853.8k | Reduced -108.0k |
| Advisors Asset Management, Inc. 0.02% of their portfolio | 88.8k $824.0k | Reduced -1.1k |
| Ergoteles LLC 0.03% of their portfolio | 88.1k $817.3k | New |
| Schechter Investment Advisors, LLC 0.07% of their portfolio | 78.9k $732.0k | Added +13.5k |
| SEGALL BRYANT & HAMILL, LLC 0.01% of their portfolio | 78.8k $731.0k | Unchanged |
| Donoghue Forlines LLC 0.26% of their portfolio | 78.6k $729.6k | Reduced -4.5k |
| Port Capital LLC 0.04% of their portfolio | 74.1k $688.0k | Unchanged |
| CANTOR FITZGERALD, L. P. 0.01% of their portfolio | 74.0k $686.6k | Reduced -13.5k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.02% of their portfolio | 69.0k $640.1k | New |
| NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC 0.02% of their portfolio | 68.0k $630.8k | New |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 62.7k $582.3k | Added +10.2k |
| BARCLAYS PLC 0.00% of their portfolio | 60.3k $559.8k | Added +147 |
| Employees Retirement System of Texas 0.01% of their portfolio | 59.5k $552.0k | Unchanged |
| PATHSTONE FAMILY OFFICE, LLC 0.01% of their portfolio | 52.6k $488.2k | Added +567 |
| Aspen Grove Capital, LLC 0.20% of their portfolio | 50.0k $464.0k | Unchanged |
| SEVEN EIGHT CAPITAL, LP 0.10% of their portfolio | 49.2k $456.7k | Added +14.0k |
| ABN AMRO INVESTMENT SOLUTIONS 0.01% of their portfolio | 48.7k $451.6k | First filing |
| SIMPLEX TRADING, LLC 0.02% of their portfolio | 48.3k $447.0k | Added +16.5k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 46.8k $434.4k | Unchanged |