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 ($5.0m 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
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 148 |
| Q4 2022 | 162 |
| Q1 2023 | 171 |
| Q2 2023 | 165 |
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 |
| Q2 2023 | 78 | 75 |
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 |
| Q2 2023 | $58.2m | $122.0m | 2.10 |
Biggest buyers
| WINDACRE PARTNERSHIP LLC | New | +27.3m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Added | +2.8m |
| Man Group plc | New | +2.4m |
| GOLDMAN SACHS GROUP INC | Added | +1.9m |
| CITADEL ADVISORS LLC | Added | +1.4m |
| Sagil Capital LLP | Added | +1.4m |
| Robeco Institutional Asset Management B.V. | Added | +1.1m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Added | +557.9k |
| MILLENNIUM MANAGEMENT LLC | Added | +535.2k |
| Itau Unibanco Holding S.A. | Added | +521.2k |
Biggest sellers
| FMR LLC | Reduced | -17.9m |
| Helikon Investments Ltd | Sold out | -5.7m |
| CITIGROUP INC | Sold out | -3.6m |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -2.5m |
| Man Group plc | Sold out | -2.4m |
| TT International Asset Management LTD | Sold out | -1.7m |
| DEUTSCHE BANK AG\ | Reduced | -844.8k |
| ENVESTNET ASSET MANAGEMENT INC | Reduced | -608.9k |
| Ninety One UK Ltd | Sold out | -587.4k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -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.
| 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 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
| Manager | Shares | Change |
|---|---|---|
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.11% of their portfolio | 27.5m $340.8m | Added +2.8m |
| WINDACRE PARTNERSHIP LLC 6.50% of their portfolio | 27.3m $337.2m | New |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.30% of their portfolio | 19.9m $246.0m | Reduced -490.0k |
| Robeco Institutional Asset Management B.V. 0.61% of their portfolio | 18.9m $233.2m | Added +1.1m |
| FMR LLC 0.02% of their portfolio | 16.8m $207.3m | Reduced -17.9m |
| BlackRock Inc. 0.00% of their portfolio | 12.8m $158.6m | Reduced -275.6k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 12.6m $156.2m | Reduced -497.5k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.42% of their portfolio | 12.2m $150.6m | Reduced -222.3k |
| BAILLIE GIFFORD & CO 0.10% of their portfolio | 9.6m $118.4m | Reduced -449.1k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 8.0m $98.9m | Reduced -167.7k |
| VANGUARD GROUP INC 0.00% of their portfolio | 7.9m $98.3m | Added +385.2k |
| Amundi 0.05% of their portfolio | 7.1m $89.1m | Added +469.5k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.34% of their portfolio | 5.9m $73.3m | Reduced -68.9k |
| Itau Unibanco Holding S.A. 2.97% of their portfolio | 5.2m $63.4m | Added +521.2k |
| STATE STREET CORP 0.00% of their portfolio | 4.9m $61.4m | Added +42.3k |
| KGH Ltd 3.57% of their portfolio | 4.1m $50.4m | Unchanged |
| Sagil Capital LLP 21.93% of their portfolio | 3.7m $45.3m | Added +1.4m |
| MACQUARIE GROUP LTD 0.04% of their portfolio | 2.8m $34.5m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.6m $32.0m | Added +1.9m |
| Man Group plc 0.09% of their portfolio | 2.4m $30.0m | New |
| Verition Fund Management LLC 0.42% of their portfolio | 2.2m $26.8m | Reduced -335.7k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 2.0m $24.6m | Added +535.2k |
| MORGAN STANLEY 0.00% of their portfolio | 1.9m $23.3m | Added +159.7k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 1.8m $21.7m | Added +1.4m |
| Oldfield Partners LLP 3.22% of their portfolio | 1.7m $20.8m | Reduced -126.4k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 1.7m $20.5m | Added +185.5k |
| BLOOM TREE PARTNERS, LLC 9.32% of their portfolio | 1.6m $20.0m | Added +43.3k |
| BRANDES INVESTMENT PARTNERS, LP 0.36% of their portfolio | 1.4m $17.7m | Added +3.1k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.3m $15.5m | Added +111.7k |
| Allspring Global Investments Holdings, LLC 0.02% of their portfolio | 1.1m $14.2m | Added +519.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 1.1m $14.1m | Reduced -206.7k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 947.9k $11.7m | Added +41.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 939.8k $11.6m | Reduced -2.5m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 906.0k $11.2m | Unchanged |
| BARINGS LLC 0.35% of their portfolio | 838.7k $10.4m | Unchanged |
| Herr Investment Group LLC 2.75% of their portfolio | 739.6k $9.1m | Added +414.6k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio | 663.5k $8.2m | Added +557.9k |
| Weiss Multi-Strategy Advisers LLC 0.15% of their portfolio | 577.9k $7.1m | Reduced -147.1k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 575.1k $7.1m | Reduced -866 |
| MIRABELLA FINANCIAL SERVICES LLP 0.58% of their portfolio | 401.0k $5.0m | New |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 367.7k $4.6m | Reduced -908 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 367.1k $4.5m | Reduced -844.8k |
| Cubist Systematic Strategies, LLC 0.05% of their portfolio | 357.6k $4.4m | Reduced -361.0k |
| Cape Ann Asset Management Ltd 3.89% of their portfolio | 350.8k $4.3m | Added +27.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 311.5k $3.9m | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 302.3k $3.7m | Added +4.3k |
| Invesco Ltd. 0.00% of their portfolio | 301.3k $3.7m | Added +60.8k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio | 292.5k $3.6m | Reduced -57.4k |
| UBS Group AG 0.00% of their portfolio | 284.7k $3.5m | Added +9.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 279.8k $3.5m | Added +6.1k |
| Crystalline Management Inc. 2.45% of their portfolio | 279.3k $3.5m | New |
| SEVEN EIGHT CAPITAL, LP 0.49% of their portfolio | 241.2k $3.0m | Added +192.0k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 210.4k $2.6m | Added +19.1k |
| Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio | 206.2k $2.6m | Reduced -15.5k |
| Daiwa Securities Group Inc. 0.02% of their portfolio | 199.8k $2.5m | Reduced -5.0k |
| NATIXIS ADVISORS, LLC 0.01% of their portfolio | 194.7k $2.4m | Reduced -3.6k |
| Crossmark Global Holdings, Inc. 0.05% of their portfolio | 192.4k $2.4m | Added +11.0k |
| SG Americas Securities, LLC 0.02% of their portfolio | 177.1k $2.2m | Added +60.3k |
| Fisher Asset Management, LLC 0.00% of their portfolio | 164.2k $2.0m | Unchanged |
| PZENA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 156.5k $1.9m | Reduced -2.7k |
| VPR Management LLC 0.49% of their portfolio | 154.3k $1.9m | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 149.7k $1.4m | Unchanged |
| Squarepoint Ops LLC 0.01% of their portfolio | 144.6k $1.8m | New |
| HANTZ FINANCIAL SERVICES, INC. 0.04% of their portfolio | 142.3k $1.8m | Added +4.4k |
| CANTOR FITZGERALD, L. P. 0.04% of their portfolio | 138.6k $1.7m | Added +64.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 121.8k $1.5m | Added +5.6k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 120.2k $1.5m | New |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 109.6k $1.4m | Added +10.3k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 107.2k $1.3m | Unchanged |
| PROFUND ADVISORS LLC 0.07% of their portfolio | 105.9k $1.3m | Added +6.6k |
| Wellington Shields Capital Management, LLC 0.15% of their portfolio | 100.0k $1.2m | Unchanged |
| Pacer Advisors, Inc. 0.00% of their portfolio | 97.5k $1.2m | Reduced -1.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 97.5k $1.2m | Reduced -608.9k |
| HRT FINANCIAL LP 0.01% of their portfolio | 96.6k $1.2m | Reduced -4.8k |
| Advisors Asset Management, Inc. 0.02% of their portfolio | 93.8k $1.2m | Added +5.0k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 93.4k $1.2m | Reduced -5.6k |
| EPACRIA CAPITAL PARTNERS, LLC 0.88% of their portfolio | 86.6k $1.1m | Reduced -14.0k |
| SEGALL BRYANT & HAMILL, LLC 0.01% of their portfolio | 82.2k $1.0m | Added +3.4k |
| PATHSTONE FAMILY OFFICE, LLC 0.01% of their portfolio | 79.1k $979.2k | Added +26.5k |
| Schechter Investment Advisors, LLC 0.09% of their portfolio | 77.8k $963.3k | Reduced -1.1k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 77.5k $965.0k | Reduced -39.5k |
| NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC 0.02% of their portfolio | 76.3k $944.4k | Added +8.4k |
| Port Capital LLC 0.06% of their portfolio | 74.1k $917.0k | Unchanged |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 70.9k $876.9k | New |
| CreativeOne Wealth, LLC 0.02% of their portfolio | 67.6k $836.0k | Added +56.0k |
| PHILADELPHIA TRUST CO 0.08% of their portfolio | 66.0k $817.0k | Reduced -32.2k |
| BARCLAYS PLC 0.00% of their portfolio | 60.2k $744.4k | Reduced -147 |
| Employees Retirement System of Texas 0.01% of their portfolio | 59.5k $736.0k | Unchanged |
| Donoghue Forlines LLC 0.23% of their portfolio | 59.5k $735.7k | Reduced -19.1k |
| ABN AMRO INVESTMENT SOLUTIONS 0.01% of their portfolio | 57.7k $713.3k | Added +9.0k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 53.8k $666.5k | Reduced -8.9k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 47.1k $582.6k | Added +280 |
| Vontobel Holding Ltd. 0.00% of their portfolio | 40.0k $495.2k | Unchanged |
| Corient Private Wealth LP 0.00% of their portfolio | 39.4k $502.0k | Added +15.5k |
| XTX Topco Ltd 0.09% of their portfolio | 39.0k $482.7k | New |
| Hennion & Walsh Asset Management, Inc. 0.03% of their portfolio | 38.1k $471.0k | Reduced -500 |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 36.5k $451.0k | Reduced -12 |
| ATLAS CAPITAL ADVISORS INC. 0.07% of their portfolio | 35.7k $441.7k | Added +14.1k |
| Jump Financial, LLC 0.01% of their portfolio | 32.6k $403.3k | New |
| Banco BTG Pactual S.A. 0.26% of their portfolio | 32.6k $403.3k | New |