Vault-13

PETROLEO BRASILEIRO SA PETRO PBR.A

SP ADR NON VTG · ADR · CUSIP 71654V101

Brazilian multinational oil and gas corporation

179 institutional holders +5 vs Q4 2023
286,664,946286.7m shares reported held*
$4.3bnreported value*
20 new 54 added 64 reduced 17 sold out net bought ≈ $11.9m (+802.0k 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. Holder counts are more reliable. Implied quarter-end price ≈ $14.90. Options: 8 managers hold calls ($129.4m notional), 5 hold puts ($78.2m).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 148Q4 22: 162Q1 23: 171Q2 23: 165Q3 23: 174Q4 23: 174Q1 24: 179179Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022148
Q4 2022162
Q1 2023171
Q2 2023165
Q3 2023174
Q4 2023174
Q1 2024179

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 23Q3 23: 72 bought or addedQ3 23: 83 cut or sold outQ3 23Q4 23: 74 bought or addedQ4 23: 80 cut or sold outQ4 23Q1 24: 74 bought or addedQ1 24: 81 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20226980
Q1 20238867
Q2 20237875
Q3 20237283
Q4 20237480
Q1 20247481

Calls vs puts

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

CallsPuts
$0$50m$100m$150m$200mQ2 23 calls: $58.2mQ2 23 puts: $122.0mQ2 23P/C 2.10Q3 23 calls: $106.3mQ3 23 puts: $112.0mQ3 23P/C 1.05Q4 23 calls: $151.1mQ4 23 puts: $96.7mQ4 23P/C 0.64Q1 24 calls: $129.4mQ1 24 puts: $78.2mQ1 24P/C 0.60
Numbers
QuarterCallsPutsP/C
Q2 2023$58.2m$122.0m2.10
Q3 2023$106.3m$112.0m1.05
Q4 2023$151.1m$96.7m0.64
Q1 2024$129.4m$78.2m0.60

Biggest buyers

GOLDMAN SACHS GROUP INC Added +19,046,360+19.0m
BANK OF AMERICA CORP /DE/ Added +6,368,091+6.4m
Robeco Institutional Asset Management B.V. Added +3,671,197+3.7m
CAUSEWAY CAPITAL MANAGEMENT LLC Added +2,579,828+2.6m
JPMORGAN CHASE & CO Added +1,351,732+1.4m
HSBC HOLDINGS PLC Added +904,118+904.1k
MACQUARIE GROUP LTD Added +800,000+800.0k
SPX Gestao de Recursos Ltda Added +698,863+698.9k
RENAISSANCE TECHNOLOGIES LLC Added +551,200+551.2k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +418,396+418.4k

Biggest sellers

WINDACRE PARTNERSHIP LLC Reduced -7,614,400-7.6m
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Reduced -7,183,425-7.2m
MORGAN STANLEY Reduced -6,904,431-6.9m
KGH Ltd Reduced -4,025,000-4.0m
Coronation Fund Managers Ltd. Sold out -3,354,140-3.4m
Grantham, Mayo, Van Otterloo & Co. LLC Reduced -1,206,958-1.2m
BAILLIE GIFFORD & CO Reduced -1,121,217-1.1m
MILLENNIUM MANAGEMENT LLC Reduced -1,052,257-1.1m
DIMENSIONAL FUND ADVISORS LP Reduced -828,324-828.3k
FMR LLC Reduced -677,582-677.6k

Biggest calls

JANE STREET GROUP, LLC New $48.6m3.3m shares
Optiver Holding B.V. Reduced $29.8m2.0m shares
CMT Capital Markets Trading GmbH Reduced $20.5m1.3m shares
Capital Markets Trading UK LLP Reduced $16.8m1.1m shares
GROUP ONE TRADING LLC Reduced $7.2m482.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $6.0m399.8k shares
CITADEL ADVISORS LLC Reduced $536.4k36.0k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CMT Capital Markets Trading GmbH Added $42.0m2.7m shares
Capital Markets Trading UK LLP Reduced $26.5m1.7m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $7.4m496.6k shares
Optiver Holding B.V. Reduced $2.3m152.6k 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.

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 Q1 2024

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 2024.

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.04% of their portfolio NEW YORK, NY 55,474,98655.5m $826.6m $826.6m 0.04% Added +1.4m +1,351,732
2 GOLDMAN SACHS GROUP INC 0.09% of their portfolio NEW YORK, NY 28,003,64828.0m $417.3m $417.3m 0.09% Added +19.0m +19,046,360
3 Robeco Institutional Asset Management B.V. 0.82% of their portfolio ROTTERDAM, P7 25,338,64725.3m $377.5m $377.5m 0.82% Added +3.7m +3,671,197
4 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.25% of their portfolio BOSTON, MA 18,280,29318.3m $272.4m $272.4m 0.25% Reduced -369.6k -369,598
5 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.07% of their portfolio Boston, MA 16,165,46416.2m $240.9m $240.9m 0.07% Reduced -7.2m -7,183,425
6 WINDACRE PARTNERSHIP LLC 2.84% of their portfolio HOUSTON, TX 13,851,60013.9m $206.4m $206.4m 2.84% Reduced -7.6m -7,614,400
7 FMR LLC 0.01% of their portfolio BOSTON, MA 13,494,46713.5m $201.1m $201.1m 0.01% Reduced -677.6k -677,582
8 BlackRock Inc. 0.00% of their portfolio New York, NY 13,354,18513.4m $199.0m $199.0m 0.00% Reduced -595.0k -594,956
9 DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio AUSTIN, TX 10,658,01510.7m $158.8m $158.8m 0.04% Reduced -828.3k -828,324
10 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 7,845,0967.8m $116.9m $116.9m 0.01% Added +6.4m +6,368,091
11 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 7,454,1107.5m $111.1m $111.1m 0.00% Reduced -20.2k -20,235
12 BAILLIE GIFFORD & CO 0.09% of their portfolio EDINBURGH, X0 7,362,7707.4m $109.7m $109.7m 0.09% Reduced -1.1m -1,121,217
13 Itau Unibanco Holding S.A. 4.52% of their portfolio SAO PAULO, D5 7,078,3137.1m $105.5m $105.5m 4.52% Reduced -179.2k -179,160
14 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 6,791,9796.8m $101.2m $101.2m 0.00% Reduced -6.9m -6,904,431
15 Amundi 0.04% of their portfolio Paris, I0 6,695,7206.7m $101.1m $101.1m 0.04% Reduced -43.1k -43,131
16 CAUSEWAY CAPITAL MANAGEMENT LLC 2.59% of their portfolio LOS ANGELES, CA 6,638,4266.6m $98.9m $98.9m 2.59% Added +2.6m +2,579,828
17 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 4,708,4184.7m $70.2m $70.2m 0.00% Reduced -112.2k -112,178
18 MACQUARIE GROUP LTD 0.06% of their portfolio Sydney, NSW 2000, C3 3,585,5093.6m $53.4m $53.4m 0.06% Added +800.0k +800,000
19 Grantham, Mayo, Van Otterloo & Co. LLC 0.18% of their portfolio Boston, MA 3,258,8143.3m $48.6m $48.6m 0.18% Reduced -1.2m -1,206,958
20 BRANDES INVESTMENT PARTNERS, LP 0.43% of their portfolio LA JOLLA, CA 2,251,4672.3m $33.5m $33.5m 0.43% Added +51.7k +51,731
21 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 2,144,0792.1m $31.9m $31.9m 0.02% Added +108.8k +108,760
22 HSBC HOLDINGS PLC 0.02% of their portfolio LONDON, X0 1,689,7861.7m $25.2m $25.2m 0.02% Added +904.1k +904,118
23 SPX Gestao de Recursos Ltda 1.99% of their portfolio RIO DE JANEIRO, D5 1,525,7031.5m $22.7m $22.7m 1.99% Added +698.9k +698,863
24 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 1,378,2481.4m $20.5m $20.5m 0.00% Added +119.8k +119,779
25 KGH Ltd 1.17% of their portfolio NASSAU, C5 1,325,0001.3m $19.7m $19.7m 1.17% Reduced -4.0m -4,025,000
26 Verition Fund Management LLC 0.18% of their portfolio GREENWICH, CT 1,250,0001.2m $18.6m $18.6m 0.18% Unchanged
27 Allspring Global Investments Holdings, LLC 0.03% of their portfolio CHARLOTTE, NC 1,076,4231.1m $16.0m $16.0m 0.03% Added +187.1k +187,066
28 Oldfield Partners LLP 1.86% of their portfolio LONDON, X0 925,923925.9k $13.8m $13.8m 1.86% Reduced -248.0k -248,000
29 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 905,983906.0k $13.5m $13.5m 0.00% Unchanged
30 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 872,749872.7k $13.0m $13.0m 0.01% Reduced -1.1m -1,052,257
31 SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio London, X0 853,907853.9k $12.7m $12.7m 0.01% Added +46.8k +46,773
32 Man Group plc 0.03% of their portfolio LONDON, X0 830,390830.4k $12.4m $12.4m 0.03% Added +122.2k +122,191
33 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 785,000785.0k $11.7m $11.7m 0.01% Reduced -7.0k -7,000
34 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 657,300657.3k $9.8m $9.8m 0.02% Added +551.2k +551,200
35 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 609,153609.2k $9.1m $9.1m 0.00% Unchanged
36 Alberta Investment Management Corp 0.08% of their portfolio EDMONTON, A0 516,840516.8k $7.7m $7.7m 0.08% Unchanged
37 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 504,416504.4k $7.5m $7.5m 0.00% Added +178.4k +178,357
38 BARINGS LLC 0.18% of their portfolio CHARLOTTE, NC 469,918469.9k $7.0m $7.0m 0.18% Reduced -178.4k -178,383
39 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 462,210462.2k $6.9m $6.9m 0.01% Added +271.6k +271,570
40 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 461,940461.9k $6.9m $6.9m 0.01% Added +418.4k +418,396
41 Connor, Clark & Lunn Investment Management Ltd. 0.03% of their portfolio VANCOUVER, A1 409,399409.4k $6.1m $6.1m 0.03% Added +409.0k +409,003
42 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 401,961402.0k $6.0m $6.0m 0.00% Added +107.6k +107,581
43 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 373,032373.0k $5.6m $5.6m 0.01% New
44 Cape Ann Asset Management Ltd 4.42% of their portfolio LONDON, X0 333,210333.2k $5.0m $5.0m 4.42% Reduced -700 -700
45 Trexquant Investment LP 0.09% of their portfolio STAMFORD, CT 307,439307.4k $4.6m $4.6m 0.09% Added +34.6k +34,647
46 UBS Group AG 0.00% of their portfolio ZURICH, V8 294,520294.5k $4.4m $4.4m 0.00% Reduced -14.9k -14,913
47 DEPRINCE RACE & ZOLLO INC 0.09% of their portfolio Winter Park, FL 278,100278.1k $4.1m $4.1m 0.09% Unchanged
48 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 276,957277.0k $4.1m $4.1m 0.00% Reduced -80.4k -80,377
49 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 265,538265.5k $4.0m $4.0m 0.00% Added +2.7k +2,672
50 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 237,223237.2k $3.5m $3.5m 0.00% Added +21.2k +21,228
51 Anthracite Investment Company, Inc. 1.76% of their portfolio FORT WORTH, TX 235,000235.0k $3.5m $3.5m 1.76% Unchanged
52 Crossmark Global Holdings, Inc. 0.06% of their portfolio HOUSTON, TX 207,635207.6k $3.1m $3.1m 0.06% Reduced -5.3k -5,251
53 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 195,999196.0k $2.9m $2.9m 0.00% Reduced -363.1k -363,094
54 Franchise Capital Ltd 0.52% of their portfolio GRAND CAYMAN, E9 186,207186.2k $2.8m $2.8m 0.52% Reduced -259.8k -259,835
55 NATIXIS ADVISORS, LLC 0.01% of their portfolio Boston, MA 180,948180.9k $2.7m $2.7m 0.01% Added +898 +898
56 PZENA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 168,134168.1k $2.5m $2.5m 0.01% Added +140 +140
57 Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio SEOUL, M5 162,598162.6k $2.4m $2.4m 0.01% Reduced -30.6k -30,567
58 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 155,916155.9k $2.3m $2.3m 0.00% Added +23.2k +23,158
59 VPR Management LLC 0.64% of their portfolio HOUSTON, TX 154,260154.3k $2.3m $2.3m 0.64% Unchanged
60 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 151,496151.5k $2.3m $2.3m 0.00% Reduced -85.5k -85,531
61 HANTZ FINANCIAL SERVICES, INC. 0.04% of their portfolio SOUTHFIELD, MI 142,331142.3k $2.1m $2.1m 0.04% Reduced -921 -921
62 Headlands Technologies LLC 0.51% of their portfolio CHICAGO, IL 142,283142.3k $2.1m $2.1m 0.51% Added +139.9k +139,883
63 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 138,498138.5k $2.1m $2.1m 0.00% Reduced -7.2k -7,249
64 Daiwa Securities Group Inc. 0.01% of their portfolio CHIYODA-KU,TOKYO, M0 122,800122.8k $1.8m $1.8m 0.01% Reduced -18.0k -18,000
65 Y-Intercept (Hong Kong) Ltd 0.13% of their portfolio HONG KONG, K3 120,085120.1k $1.8m $1.8m 0.13% Added +23.1k +23,069
66 Pacer Advisors, Inc. 0.00% of their portfolio Malvern, PA 116,033116.0k $1.7m $1.7m 0.00% Added +18.4k +18,450
67 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 113,963114.0k $1.7m $1.7m 0.00% Reduced -2.0k -1,959
68 Optiver Holding B.V. 0.07% of their portfolio AMSTERDAM, P7 112,285112.3k $1.7m $1.7m 0.07% New
69 State of New Jersey Common Pension Fund D 0.00% of their portfolio TRENTON, NJ 107,320107.3k $1.6m $1.6m 0.00% Unchanged
70 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 105,285105.3k $1.6m $1.6m 0.00% Unchanged
71 Cederberg Capital Ltd 0.43% of their portfolio LONDON, X0 103,000103.0k $1.5m $1.5m 0.43% Unchanged
72 OLD MISSION CAPITAL LLC 0.04% of their portfolio CHICAGO, IL 101,042101.0k $1.5m $1.5m 0.04% Added +69.1k +69,119
73 Engineers Gate Manager LP 0.04% of their portfolio NEW YORK, NY 101,004101.0k $1.5m $1.5m 0.04% Added +50.5k +50,478
74 Wellington Shields Capital Management, LLC 0.28% of their portfolio NEW YORK, NY 100,000100.0k $1.5m $1.5m 0.28% Unchanged
75 Hennion & Walsh Asset Management, Inc. 0.08% of their portfolio Parsippany, NJ 99,976100.0k $1.5m $1.5m 0.08% Added +39.5k +39,467
76 Advisors Asset Management, Inc. 0.03% of their portfolio Monument, CO 94,28494.3k $1.4m $1.4m 0.03% Reduced -2.1k -2,119
77 XTX Topco Ltd 0.19% of their portfolio LONDON, X0 93,47893.5k $1.4m $1.4m 0.19% New
78 PROFUND ADVISORS LLC 0.05% of their portfolio BETHESDA, MD 87,74887.7k $1.3m $1.3m 0.05% Reduced -15.3k -15,278
79 SEGALL BRYANT & HAMILL, LLC 0.02% of their portfolio CHICAGO, IL 82,20082.2k $1.2m $1.2m 0.02% Unchanged
80 Obermeyer Wealth Partners 0.07% of their portfolio ASPEN, CO 80,59980.6k $1.2m $1.2m 0.07% New
81 Mutual Advisors, LLC 0.04% of their portfolio OMAHA, NE 80,12980.1k $1.2m $1.2m 0.04% Added +6.8k +6,782
82 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 75,75075.8k $1.1m $1.1m 0.00% Reduced -4.4k -4,409
83 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 75,14575.1k $1.1m $1.1m 0.00% Reduced -18.4k -18,399
84 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 71,05971.1k $1.1m $1.1m 0.00% Reduced -2.1k -2,090
85 LRT Capital Management, LLC 0.88% of their portfolio Austin, TX 65,79165.8k $980.3k $980.3k 0.88% New
86 NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC 0.03% of their portfolio MILWAUKEE, WI 65,11865.1k $970.3k $970.3k 0.03% Reduced -5.0k -4,950
87 Port Capital LLC 0.05% of their portfolio CHICAGO, IL 64,46764.5k $961.0k $961.0k 0.05% Reduced -9.6k -9,634
88 Schechter Investment Advisors, LLC 0.07% of their portfolio BIRMINGHAM, MI 63,00763.0k $938.8k $938.8k 0.07% Added +4.4k +4,353
89 ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio Boston, MA 60,28660.3k $898.0k $898.0k 0.00% New
90 PHILADELPHIA TRUST CO 0.07% of their portfolio PHILADELPHIA, PA 60,10160.1k $896.0k $896.0k 0.07% Added +800 +800
91 Employees Retirement System of Texas 0.01% of their portfolio AUSTIN, TX 59,48059.5k $886.0k $886.0k 0.01% Unchanged
92 Aigen Investment Management, LP 0.19% of their portfolio NEW YORK, NY 57,55357.6k $857.5k $857.5k 0.19% New
93 QRG CAPITAL MANAGEMENT, INC. 0.01% of their portfolio BERWYN, PA 51,98552.0k $774.6k $774.6k 0.01% Reduced -6.3k -6,267
94 Donoghue Forlines LLC 0.19% of their portfolio Boston, MA 45,68845.7k $680.8k $680.8k 0.19% Reduced -9.1k -9,136
95 YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BLOOMFIELD HILLS, MI 45,49545.5k $677.9k $677.9k 0.01% Unchanged
96 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 41,20741.2k $614.0k $614.0k 0.00% Added +2.0k +1,996
97 B. Metzler seel. Sohn & Co. AG 0.01% of their portfolio FRANKFURT, 2M 38,54438.5k $574.3k $574.3k 0.01% New
98 LANARK FINANCIAL, INC. 0.05% of their portfolio BIRMINGHAM, AL 37,96738.0k $565.0k $565.0k 0.05% Reduced -37 -37
99 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 36,46836.5k $543.4k $543.4k 0.00% Added +18.4k +18,416
100 Point72 Asset Management, L.P. 0.00% of their portfolio STAMFORD, CT 36,30036.3k $540.9k $540.9k 0.00% New