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 ($1.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $15.29. Options: 7 managers hold calls ($151.1m notional), 7 hold puts ($96.7m).
Trends to Q4 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 148 |
| Q4 2022 | 162 |
| Q1 2023 | 171 |
| Q2 2023 | 165 |
| Q3 2023 | 174 |
| Q4 2023 | 174 |
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 |
| Q3 2023 | 72 | 83 |
| Q4 2023 | 74 | 80 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2023 | $57.3m | $103.7m | 1.81 |
| Q2 2023 | $58.2m | $122.0m | 2.10 |
| Q3 2023 | $106.3m | $112.0m | 1.05 |
| Q4 2023 | $151.1m | $96.7m | 0.64 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +46.5m |
| MORGAN STANLEY | Added | +11.8m |
| Robeco Institutional Asset Management B.V. | Added | +3.5m |
| GOLDMAN SACHS GROUP INC | Added | +3.4m |
| CAUSEWAY CAPITAL MANAGEMENT LLC | Added | +1.4m |
| BlackRock Inc. | Added | +1.4m |
| Itau Unibanco Holding S.A. | Added | +1.3m |
| BRANDES INVESTMENT PARTNERS, LP | Added | +772.3k |
| Man Group plc | New | +708.2k |
| SPX Gestao de Recursos Ltda | Added | +661.2k |
Biggest sellers
| WINDACRE PARTNERSHIP LLC | Reduced | -7.0m |
| STATE OF WISCONSIN INVESTMENT BOARD | Sold out | -6.8m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -4.1m |
| Man Group plc | Sold out | -2.3m |
| Sagil Capital LLP | Sold out | -1.5m |
| Grantham, Mayo, Van Otterloo & Co. LLC | Reduced | -1.4m |
| Weiss Multi-Strategy Advisers LLC | Sold out | -1.3m |
| KGH Ltd | Reduced | -930.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -851.7k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -741.4k |
Biggest calls
| Optiver Holding B.V. | Added | $62.9m4.1m shares |
| Capital Markets Trading UK LLP | Added | $33.1m2.1m shares |
| CMT Capital Markets Trading GmbH | Reduced | $24.3m1.5m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $22.5m1.5m shares |
| GROUP ONE TRADING LLC | Added | $7.7m505.7k shares |
| CITADEL ADVISORS LLC | Reduced | $632.6k41.4k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Capital Markets Trading UK LLP | Reduced | $47.9m3.0m shares |
| CMT Capital Markets Trading GmbH | Reduced | $38.8m2.4m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $4.8m315.9k shares |
| Optiver Holding B.V. | Reduced | $3.0m195.1k shares |
| CITADEL ADVISORS LLC | Reduced | $2.1m140.2k shares |
| GROUP ONE TRADING LLC | Added | $132.9k8.7k 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 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 Q4 2023.
Holders, Q4 2023
| Manager | Shares | Change |
|---|---|---|
| JPMORGAN CHASE & CO 0.04% of their portfolio | 54.1m $827.0m | Added +46.5m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.12% of their portfolio | 23.3m $356.8m | Reduced -4.1m |
| Robeco Institutional Asset Management B.V. 0.80% of their portfolio | 21.7m $331.1m | Added +3.5m |
| WINDACRE PARTNERSHIP LLC 4.98% of their portfolio | 21.5m $328.0m | Reduced -7.0m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.30% of their portfolio | 18.6m $285.0m | Reduced -851.7k |
| FMR LLC 0.02% of their portfolio | 14.2m $216.5m | Reduced -367.9k |
| BlackRock Inc. 0.01% of their portfolio | 13.9m $213.1m | Added +1.4m |
| MORGAN STANLEY 0.01% of their portfolio | 13.7m $209.3m | Added +11.8m |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 11.5m $175.5m | Reduced -403.9k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 9.0m $136.9m | Added +3.4m |
| BAILLIE GIFFORD & CO 0.10% of their portfolio | 8.5m $129.6m | Reduced -432.8k |
| VANGUARD GROUP INC 0.00% of their portfolio | 7.5m $114.2m | Added +7.1k |
| Itau Unibanco Holding S.A. 3.66% of their portfolio | 7.3m $111.3m | Added +1.3m |
| Amundi 0.05% of their portfolio | 6.7m $104.1m | Reduced -570.2k |
| KGH Ltd 4.69% of their portfolio | 5.3m $81.7m | Reduced -930.0k |
| STATE STREET CORP 0.00% of their portfolio | 4.8m $76.3m | Added +240.9k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.30% of their portfolio | 4.5m $68.2m | Reduced -1.4m |
| CAUSEWAY CAPITAL MANAGEMENT LLC 1.58% of their portfolio | 4.1m $62.0m | Added +1.4m |
| Coronation Fund Managers Ltd. 1.43% of their portfolio | 3.4m $51.3m | Added +457.9k |
| MACQUARIE GROUP LTD 0.05% of their portfolio | 2.8m $42.6m | Unchanged |
| BRANDES INVESTMENT PARTNERS, LP 0.51% of their portfolio | 2.2m $33.6m | Added +772.3k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 2.0m $31.1m | Added +220.9k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 1.9m $29.4m | Added +21.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.5m $22.6m | Reduced -213.4k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.3m $19.2m | Reduced -3.2k |
| Verition Fund Management LLC 0.19% of their portfolio | 1.2m $19.1m | Reduced -503.0k |
| Oldfield Partners LLP 2.46% of their portfolio | 1.2m $17.9m | Reduced -340.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 906.0k $13.8m | Unchanged |
| Allspring Global Investments Holdings, LLC 0.02% of their portfolio | 889.4k $13.6m | Added +123.5k |
| SPX Gestao de Recursos Ltda 0.98% of their portfolio | 826.8k $12.6m | Added +661.2k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio | 807.1k $12.3m | Added +19.3k |
| BARCLAYS PLC 0.01% of their portfolio | 792.0k $12.1m | Added +317.3k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 785.7k $12.0m | Reduced -113.9k |
| Man Group plc 0.03% of their portfolio | 708.2k $10.8m | New |
| BARINGS LLC 0.32% of their portfolio | 648.3k $9.9m | Unchanged |
| Herr Investment Group LLC 2.54% of their portfolio | 621.1k $9.5m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 609.2k $9.3m | Added +141.6k |
| Holowesko Partners Ltd. 3.13% of their portfolio | 569.0k $8.7m | Unchanged |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 559.1k $8.5m | Reduced -66.1k |
| Alberta Investment Management Corp 0.07% of their portfolio | 516.8k $7.9m | New |
| Franchise Capital Ltd 0.89% of their portfolio | 446.0k $6.8m | Added +204.8k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 357.3k $5.5m | Reduced -10.1k |
| Cape Ann Asset Management Ltd 4.60% of their portfolio | 333.9k $5.1m | Reduced -16.9k |
| Invesco Ltd. 0.00% of their portfolio | 326.1k $5.0m | Added +15.0k |
| UBS Group AG 0.00% of their portfolio | 309.4k $4.7m | Added +27.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 294.4k $4.5m | Added +13.2k |
| DEPRINCE RACE & ZOLLO INC 0.10% of their portfolio | 278.1k $4.2m | Unchanged |
| Trexquant Investment LP 0.09% of their portfolio | 272.8k $4.2m | Reduced -201.3k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 262.9k $4.0m | Reduced -21.1k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 237.0k $3.6m | Added +130.1k |
| Anthracite Investment Company, Inc. 2.31% of their portfolio | 235.0k $3.6m | First filing |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 216.0k $3.3m | Reduced -10.8k |
| Crossmark Global Holdings, Inc. 0.07% of their portfolio | 212.9k $3.3m | Added +39.1k |
| Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio | 193.2k $3.0m | Reduced -8.5k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 190.6k $2.9m | Reduced -523.8k |
| NATIXIS ADVISORS, LLC 0.01% of their portfolio | 180.1k $2.8m | Reduced -12.6k |
| PZENA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 168.0k $2.6m | Reduced -709 |
| Fisher Asset Management, LLC 0.00% of their portfolio | 167.7k $2.6m | New |
| VPR Management LLC 0.61% of their portfolio | 154.3k $2.4m | Unchanged |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 145.7k $2.2m | Added +20.5k |
| HANTZ FINANCIAL SERVICES, INC. 0.05% of their portfolio | 143.3k $2.2m | Reduced -3.1k |
| Daiwa Securities Group Inc. 0.01% of their portfolio | 140.8k $2.2m | Reduced -21.0k |
| CANTOR FITZGERALD, L. P. 0.42% of their portfolio | 133.3k $2.0m | Added +7.9k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 132.8k $2.0m | Added +9.3k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 115.9k $1.8m | Added +1.1k |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 107.3k $1.6m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 106.1k $1.6m | Reduced -741.4k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 105.3k $1.6m | Reduced -127.5k |
| SEVEN EIGHT CAPITAL, LP 0.19% of their portfolio | 104.8k $1.6m | Added +58.0k |
| PROFUND ADVISORS LLC 0.07% of their portfolio | 103.0k $1.6m | Added +6.9k |
| Cederberg Capital Ltd 0.36% of their portfolio | 103.0k $1.6m | Unchanged |
| Wellington Shields Capital Management, LLC 0.19% of their portfolio | 100.0k $1.5m | Unchanged |
| Pacer Advisors, Inc. 0.00% of their portfolio | 97.6k $1.5m | Reduced -15.1k |
| Y-Intercept (Hong Kong) Ltd 0.14% of their portfolio | 97.0k $1.5m | New |
| Advisors Asset Management, Inc. 0.03% of their portfolio | 96.4k $1.5m | Added +4.6k |
| Financiere des Professionnels - Fonds d'investissement inc. 0.13% of their portfolio | 94.4k $1.4m | Reduced -33.1k |
| Squarepoint Ops LLC 0.01% of their portfolio | 93.5k $1.4m | Reduced -89.4k |
| DELTEC ASSET MANAGEMENT LLC 0.31% of their portfolio | 90.2k $1.4m | Added +68.5k |
| EPACRIA CAPITAL PARTNERS, LLC 1.06% of their portfolio | 86.6k $1.3m | Unchanged |
| SEGALL BRYANT & HAMILL, LLC 0.02% of their portfolio | 82.2k $1.3m | Unchanged |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 80.2k $1.2m | Reduced -10.7k |
| Port Capital LLC 0.06% of their portfolio | 74.1k $1.1m | Unchanged |
| Mutual Advisors, LLC 0.04% of their portfolio | 73.3k $1.1m | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 73.1k $1.1m | Added +1.7k |
| NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC 0.03% of their portfolio | 70.1k $1.1m | Reduced -8.1k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 66.0k $1.0m | New |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 62.0k $947.1k | New |
| Hennion & Walsh Asset Management, Inc. 0.05% of their portfolio | 60.5k $924.6k | Added +22.5k |
| Employees Retirement System of Texas 0.01% of their portfolio | 59.5k $909.0k | Unchanged |
| PHILADELPHIA TRUST CO 0.09% of their portfolio | 59.3k $906.0k | Reduced -6.7k |
| Schechter Investment Advisors, LLC 0.08% of their portfolio | 58.7k $896.2k | Reduced -16.6k |
| QRG CAPITAL MANAGEMENT, INC. 0.01% of their portfolio | 58.3k $890.1k | Added +7.5k |
| Donoghue Forlines LLC 0.26% of their portfolio | 54.8k $837.7k | Reduced -1.2k |
| Engineers Gate Manager LP 0.02% of their portfolio | 50.5k $772.0k | Reduced -1.7k |
| SG Americas Securities, LLC 0.01% of their portfolio | 50.3k $768.0k | Added +5.5k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 45.5k $695.2k | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 43.5k $665.4k | Reduced -241.4k |
| Corient Private Wealth LP 0.00% of their portfolio | 39.2k $599.1k | Added +1.2k |
| LANARK FINANCIAL, INC. 0.06% of their portfolio | 38.0k $580.0k | Added +278 |
| ATLAS CAPITAL ADVISORS INC. 0.08% of their portfolio | 37.3k $570.2k | Added +3.6k |