Vault-13

PETROLEO BRASILEIRO SA PETRO PBR.A

SP ADR NON VTG · ADR · CUSIP 71654V101

Brazilian multinational oil and gas corporation

165 institutional holders -6 vs Q1 2023
245,103,838245.1m shares reported held*
$3.0bnreported value*
20 new 58 added 48 reduced 27 sold out net bought ≈ $42.4m (+5.2m 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 ($5.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $12.37. Options: 7 managers hold calls ($58.2m notional), 6 hold puts ($122.0m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 148Q4 22: 162Q1 23: 171Q2 23: 165165Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022148
Q4 2022162
Q1 2023171
Q2 2023165

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 22: 69 bought or addedQ4 22: 80 cut or sold outQ4 22Q1 23: 88 bought or addedQ1 23: 67 cut or sold outQ1 23Q2 23: 78 bought or addedQ2 23: 75 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20226980
Q1 20238867
Q2 20237875

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 1.36Q1 23 calls: $57.3mQ1 23 puts: $103.7mQ1 23P/C 1.81Q2 23 calls: $58.2mQ2 23 puts: $122.0mQ2 23P/C 2.10
Numbers
QuarterCallsPutsP/C
Q3 2022$56.1m$115.3m2.06
Q4 2022$81.5m$111.0m1.36
Q1 2023$57.3m$103.7m1.81
Q2 2023$58.2m$122.0m2.10

Biggest buyers

WINDACRE PARTNERSHIP LLC New +27,261,000+27.3m
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Added +2,817,879+2.8m
Man Group plc New +2,422,717+2.4m
GOLDMAN SACHS GROUP INC Added +1,926,232+1.9m
CITADEL ADVISORS LLC Added +1,442,763+1.4m
Sagil Capital LLP Added +1,360,000+1.4m
Robeco Institutional Asset Management B.V. Added +1,051,135+1.1m
VOLORIDGE INVESTMENT MANAGEMENT, LLC Added +557,921+557.9k
MILLENNIUM MANAGEMENT LLC Added +535,157+535.2k
Itau Unibanco Holding S.A. Added +521,222+521.2k

Biggest sellers

FMR LLC Reduced -17,886,678-17.9m
Helikon Investments Ltd Sold out -5,737,492-5.7m
CITIGROUP INC Sold out -3,573,333-3.6m
RENAISSANCE TECHNOLOGIES LLC Reduced -2,465,000-2.5m
Man Group plc Sold out -2,354,928-2.4m
TT International Asset Management LTD Sold out -1,697,288-1.7m
DEUTSCHE BANK AG\ Reduced -844,840-844.8k
ENVESTNET ASSET MANAGEMENT INC Reduced -608,920-608.9k
Ninety One UK Ltd Sold out -587,407-587.4k
DIMENSIONAL FUND ADVISORS LP Reduced -497,520-497.5k

Biggest calls

CMT Capital Markets Trading GmbH Reduced $38.9m2.8m shares
Capital Markets Trading UK LLP Reduced $12.9m936.0k shares
Optiver Holding B.V. Reduced $3.9m311.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.7m139.2k shares
CITADEL ADVISORS LLC Added $697.7k56.4k shares
Altshuler Shaham Ltd Reduced $7.4k90 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CMT Capital Markets Trading GmbH Reduced $66.7m4.8m shares
Capital Markets Trading UK LLP Reduced $48.3m3.5m shares
Optiver Holding B.V. Added $5.9m476.7k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $905.5k73.2k shares
CITADEL ADVISORS LLC Reduced $244.9k19.8k 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 Q2 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 Q2 2023.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.11% of their portfolio Boston, MA 27,547,97827.5m $340.8m $340.8m 0.11% Added +2.8m +2,817,879
2 WINDACRE PARTNERSHIP LLC 6.50% of their portfolio HOUSTON, TX 27,261,00027.3m $337.2m $337.2m 6.50% New
3 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.30% of their portfolio BOSTON, MA 19,887,29519.9m $246.0m $246.0m 0.30% Reduced -490.0k -490,017
4 Robeco Institutional Asset Management B.V. 0.61% of their portfolio ROTTERDAM, P7 18,853,83518.9m $233.2m $233.2m 0.61% Added +1.1m +1,051,135
5 FMR LLC 0.02% of their portfolio BOSTON, MA 16,757,86016.8m $207.3m $207.3m 0.02% Reduced -17.9m -17,886,678
6 BlackRock Inc. 0.00% of their portfolio New York, NY 12,820,77912.8m $158.6m $158.6m 0.00% Reduced -275.6k -275,612
7 DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio AUSTIN, TX 12,617,38212.6m $156.2m $156.2m 0.05% Reduced -497.5k -497,520
8 STATE OF WISCONSIN INVESTMENT BOARD 0.42% of their portfolio MADISON, WI 12,177,29712.2m $150.6m $150.6m 0.42% Reduced -222.3k -222,290
9 BAILLIE GIFFORD & CO 0.10% of their portfolio EDINBURGH, X0 9,571,0889.6m $118.4m $118.4m 0.10% Reduced -449.1k -449,126
10 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 7,994,3838.0m $98.9m $98.9m 0.01% Reduced -167.7k -167,733
11 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 7,945,3307.9m $98.3m $98.3m 0.00% Added +385.2k +385,238
12 Amundi 0.05% of their portfolio Paris, I0 7,121,9307.1m $89.1m $89.1m 0.05% Added +469.5k +469,453
13 Grantham, Mayo, Van Otterloo & Co. LLC 0.34% of their portfolio Boston, MA 5,922,6245.9m $73.3m $73.3m 0.34% Reduced -68.9k -68,901
14 Itau Unibanco Holding S.A. 2.97% of their portfolio SAO PAULO, D5 5,215,1485.2m $63.4m $63.4m 2.97% Added +521.2k +521,222
15 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 4,917,6524.9m $61.4m $61.4m 0.00% Added +42.3k +42,294
16 KGH Ltd 3.57% of their portfolio NASSAU, C5 4,070,6314.1m $50.4m $50.4m 3.57% Unchanged
17 Sagil Capital LLP 21.93% of their portfolio LONDON, X0 3,660,0003.7m $45.3m $45.3m 21.93% Added +1.4m +1,360,000
18 MACQUARIE GROUP LTD 0.04% of their portfolio Sydney, NSW 2000, C3 2,785,5092.8m $34.5m $34.5m 0.04% Unchanged
19 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 2,583,2982.6m $32.0m $32.0m 0.01% Added +1.9m +1,926,232
20 Man Group plc 0.09% of their portfolio LONDON, X0 2,422,7172.4m $30.0m $30.0m 0.09% New
21 Verition Fund Management LLC 0.42% of their portfolio GREENWICH, CT 2,164,4332.2m $26.8m $26.8m 0.42% Reduced -335.7k -335,667
22 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 1,987,1342.0m $24.6m $24.6m 0.03% Added +535.2k +535,157
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,882,3431.9m $23.3m $23.3m 0.00% Added +159.7k +159,736
24 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 1,754,7021.8m $21.7m $21.7m 0.02% Added +1.4m +1,442,763
25 Oldfield Partners LLP 3.22% of their portfolio LONDON, X0 1,682,0231.7m $20.8m $20.8m 3.22% Reduced -126.4k -126,400
26 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 1,658,1751.7m $20.5m $20.5m 0.02% Added +185.5k +185,481
27 BLOOM TREE PARTNERS, LLC 9.32% of their portfolio NEW YORK, NY 1,616,8781.6m $20.0m $20.0m 9.32% Added +43.3k +43,307
28 BRANDES INVESTMENT PARTNERS, LP 0.36% of their portfolio LA JOLLA, CA 1,432,3341.4m $17.7m $17.7m 0.36% Added +3.1k +3,089
29 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 1,254,5301.3m $15.5m $15.5m 0.00% Added +111.7k +111,736
30 Allspring Global Investments Holdings, LLC 0.02% of their portfolio CHARLOTTE, NC 1,148,3071.1m $14.2m $14.2m 0.02% Added +519.9k +519,908
31 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 1,138,5271.1m $14.1m $14.1m 0.02% Reduced -206.7k -206,692
32 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 947,891947.9k $11.7m $11.7m 0.01% Added +41.9k +41,867
33 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 939,800939.8k $11.6m $11.6m 0.02% Reduced -2.5m -2,465,000
34 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 905,983906.0k $11.2m $11.2m 0.00% Unchanged
35 BARINGS LLC 0.35% of their portfolio CHARLOTTE, NC 838,739838.7k $10.4m $10.4m 0.35% Unchanged
36 Herr Investment Group LLC 2.75% of their portfolio AUSTIN, TX 739,584739.6k $9.1m $9.1m 2.75% Added +414.6k +414,584
37 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio JUPITER, FL 663,548663.5k $8.2m $8.2m 0.04% Added +557.9k +557,921
38 Weiss Multi-Strategy Advisers LLC 0.15% of their portfolio NEW YORK, NY 577,887577.9k $7.1m $7.1m 0.15% Reduced -147.1k -147,113
39 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 575,090575.1k $7.1m $7.1m 0.01% Reduced -866 -866
40 MIRABELLA FINANCIAL SERVICES LLP 0.58% of their portfolio London, X0 401,047401.0k $5.0m $5.0m 0.58% New
41 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 367,733367.7k $4.6m $4.6m 0.00% Reduced -908 -908
42 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 367,100367.1k $4.5m $4.5m 0.00% Reduced -844.8k -844,840
43 Cubist Systematic Strategies, LLC 0.05% of their portfolio STAMFORD, CT 357,562357.6k $4.4m $4.4m 0.05% Reduced -361.0k -361,036
44 Cape Ann Asset Management Ltd 3.89% of their portfolio LONDON, X0 350,810350.8k $4.3m $4.3m 3.89% Added +27.3k +27,300
45 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 311,453311.5k $3.9m $3.9m 0.00% Unchanged
46 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 302,290302.3k $3.7m $3.7m 0.00% Added +4.3k +4,339
47 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 301,257301.3k $3.7m $3.7m 0.00% Added +60.8k +60,844
48 SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio London, X0 292,527292.5k $3.6m $3.6m 0.01% Reduced -57.4k -57,417
49 UBS Group AG 0.00% of their portfolio ZURICH, V8 284,737284.7k $3.5m $3.5m 0.00% Added +9.0k +8,957
50 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 279,823279.8k $3.5m $3.5m 0.00% Added +6.1k +6,060
51 Crystalline Management Inc. 2.45% of their portfolio Montreal, Quebec, Z4 279,300279.3k $3.5m $3.5m 2.45% New
52 SEVEN EIGHT CAPITAL, LP 0.49% of their portfolio New York, NY 241,174241.2k $3.0m $3.0m 0.49% Added +192.0k +191,964
53 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 210,391210.4k $2.6m $2.6m 0.00% Added +19.1k +19,150
54 Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio SEOUL, M5 206,224206.2k $2.6m $2.6m 0.01% Reduced -15.5k -15,451
55 Daiwa Securities Group Inc. 0.02% of their portfolio CHIYODA-KU,TOKYO, M0 199,800199.8k $2.5m $2.5m 0.02% Reduced -5.0k -5,000
56 NATIXIS ADVISORS, LLC 0.01% of their portfolio Boston, MA 194,717194.7k $2.4m $2.4m 0.01% Reduced -3.6k -3,586
57 Crossmark Global Holdings, Inc. 0.05% of their portfolio HOUSTON, TX 192,403192.4k $2.4m $2.4m 0.05% Added +11.0k +11,034
58 SG Americas Securities, LLC 0.02% of their portfolio NEW YORK, NY 177,106177.1k $2.2m $2.2m 0.02% Added +60.3k +60,291
59 Fisher Asset Management, LLC 0.00% of their portfolio PLANO, TX 164,202164.2k $2.0m $2.0m 0.00% Unchanged
60 PZENA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 156,509156.5k $1.9m $1.9m 0.01% Reduced -2.7k -2,689
61 VPR Management LLC 0.49% of their portfolio HOUSTON, TX 154,260154.3k $1.9m $1.9m 0.49% Unchanged
62 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% Unchanged
63 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 144,620144.6k $1.8m $1.8m 0.01% New
64 HANTZ FINANCIAL SERVICES, INC. 0.04% of their portfolio SOUTHFIELD, MI 142,320142.3k $1.8m $1.8m 0.04% Added +4.4k +4,362
65 CANTOR FITZGERALD, L. P. 0.04% of their portfolio NEW YORK, NY 138,585138.6k $1.7m $1.7m 0.04% Added +64.6k +64,598
66 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 121,770121.8k $1.5m $1.5m 0.00% Added +5.6k +5,616
67 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 120,166120.2k $1.5m $1.5m 0.00% New
68 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 109,617109.6k $1.4m $1.4m 0.00% Added +10.3k +10,335
69 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 107,160107.2k $1.3m $1.3m 0.00% Unchanged
70 PROFUND ADVISORS LLC 0.07% of their portfolio BETHESDA, MD 105,921105.9k $1.3m $1.3m 0.07% Added +6.6k +6,607
71 Wellington Shields Capital Management, LLC 0.15% of their portfolio NEW YORK, NY 100,000100.0k $1.2m $1.2m 0.15% Unchanged
72 Pacer Advisors, Inc. 0.00% of their portfolio Malvern, PA 97,52997.5k $1.2m $1.2m 0.00% Reduced -1.8k -1,765
73 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 97,45697.5k $1.2m $1.2m 0.00% Reduced -608.9k -608,920
74 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 96,59396.6k $1.2m $1.2m 0.01% Reduced -4.8k -4,829
75 Advisors Asset Management, Inc. 0.02% of their portfolio Monument, CO 93,75893.8k $1.2m $1.2m 0.02% Added +5.0k +4,961
76 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 93,43293.4k $1.2m $1.2m 0.00% Reduced -5.6k -5,597
77 EPACRIA CAPITAL PARTNERS, LLC 0.88% of their portfolio BOULDER, CO 86,61686.6k $1.1m $1.1m 0.88% Reduced -14.0k -13,988
78 SEGALL BRYANT & HAMILL, LLC 0.01% of their portfolio CHICAGO, IL 82,20082.2k $1.0m $1.0m 0.01% Added +3.4k +3,400
79 PATHSTONE FAMILY OFFICE, LLC 0.01% of their portfolio ENGLEWOOD, NJ 79,14379.1k $979.2k $979.2k 0.01% Added +26.5k +26,538
80 Schechter Investment Advisors, LLC 0.09% of their portfolio BIRMINGHAM, MI 77,80777.8k $963.3k $963.3k 0.09% Reduced -1.1k -1,075
81 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 77,50277.5k $965.0k $965.0k 0.00% Reduced -39.5k -39,459
82 NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC 0.02% of their portfolio MILWAUKEE, WI 76,34376.3k $944.4k $944.4k 0.02% Added +8.4k +8,366
83 Port Capital LLC 0.06% of their portfolio CHICAGO, IL 74,10174.1k $917.0k $917.0k 0.06% Unchanged
84 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 70,89270.9k $876.9k $876.9k 0.00% New
85 CreativeOne Wealth, LLC 0.02% of their portfolio OVERLAND PARK, KS 67,62067.6k $836.0k $836.0k 0.02% Added +56.0k +55,969
86 PHILADELPHIA TRUST CO 0.08% of their portfolio PHILADELPHIA, PA 66,01966.0k $817.0k $817.0k 0.08% Reduced -32.2k -32,250
87 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 60,17760.2k $744.4k $744.4k 0.00% Reduced -147 -147
88 Employees Retirement System of Texas 0.01% of their portfolio AUSTIN, TX 59,48059.5k $736.0k $736.0k 0.01% Unchanged
89 Donoghue Forlines LLC 0.23% of their portfolio Boston, MA 59,47759.5k $735.7k $735.7k 0.23% Reduced -19.1k -19,140
90 ABN AMRO INVESTMENT SOLUTIONS 0.01% of their portfolio PARIS CEDEX 008, I0 57,66057.7k $713.3k $713.3k 0.01% Added +9.0k +9,000
91 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 53,83953.8k $666.5k $666.5k 0.00% Reduced -8.9k -8,906
92 YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BLOOMFIELD HILLS, MI 47,09547.1k $582.6k $582.6k 0.01% Added +280 +280
93 Vontobel Holding Ltd. 0.00% of their portfolio ZURICH, V8 40,00040.0k $495.2k $495.2k 0.00% Unchanged
94 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 39,44239.4k $502.0k $502.0k 0.00% Added +15.5k +15,472
95 XTX Topco Ltd 0.09% of their portfolio LONDON, X0 39,02039.0k $482.7k $482.7k 0.09% New
96 Hennion & Walsh Asset Management, Inc. 0.03% of their portfolio Parsippany, NJ 38,06838.1k $471.0k $471.0k 0.03% Reduced -500 -500
97 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 36,45836.5k $451.0k $451.0k 0.00% Reduced -12 -12
98 ATLAS CAPITAL ADVISORS INC. 0.07% of their portfolio JACKSON, WY 35,71135.7k $441.7k $441.7k 0.07% Added +14.1k +14,069
99 Jump Financial, LLC 0.01% of their portfolio Chicago, IL 32,60632.6k $403.3k $403.3k 0.01% New
100 Banco BTG Pactual S.A. 0.26% of their portfolio RIO DE JANEIRO, D5 32,60032.6k $403.3k $403.3k 0.26% New