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. 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
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 148 |
| Q4 2022 | 162 |
| Q1 2023 | 171 |
| Q2 2023 | 165 |
| Q3 2023 | 174 |
| Q4 2023 | 174 |
| Q1 2024 | 179 |
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 |
| Q1 2024 | 74 | 81 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $58.2m | $122.0m | 2.10 |
| Q3 2023 | $106.3m | $112.0m | 1.05 |
| Q4 2023 | $151.1m | $96.7m | 0.64 |
| Q1 2024 | $129.4m | $78.2m | 0.60 |
Biggest buyers
| GOLDMAN SACHS GROUP INC | Added | +19.0m |
| BANK OF AMERICA CORP /DE/ | Added | +6.4m |
| Robeco Institutional Asset Management B.V. | Added | +3.7m |
| CAUSEWAY CAPITAL MANAGEMENT LLC | Added | +2.6m |
| JPMORGAN CHASE & CO | Added | +1.4m |
| HSBC HOLDINGS PLC | Added | +904.1k |
| MACQUARIE GROUP LTD | Added | +800.0k |
| SPX Gestao de Recursos Ltda | Added | +698.9k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +551.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +418.4k |
Biggest sellers
| WINDACRE PARTNERSHIP LLC | Reduced | -7.6m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -7.2m |
| MORGAN STANLEY | Reduced | -6.9m |
| KGH Ltd | Reduced | -4.0m |
| Coronation Fund Managers Ltd. | Sold out | -3.4m |
| Grantham, Mayo, Van Otterloo & Co. LLC | Reduced | -1.2m |
| BAILLIE GIFFORD & CO | Reduced | -1.1m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.1m |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -828.3k |
| FMR LLC | Reduced | -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.
| 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 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
| Manager | Shares | Change |
|---|---|---|
| JPMORGAN CHASE & CO 0.04% of their portfolio | 55.5m $826.6m | Added +1.4m |
| GOLDMAN SACHS GROUP INC 0.09% of their portfolio | 28.0m $417.3m | Added +19.0m |
| Robeco Institutional Asset Management B.V. 0.82% of their portfolio | 25.3m $377.5m | Added +3.7m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.25% of their portfolio | 18.3m $272.4m | Reduced -369.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.07% of their portfolio | 16.2m $240.9m | Reduced -7.2m |
| WINDACRE PARTNERSHIP LLC 2.84% of their portfolio | 13.9m $206.4m | Reduced -7.6m |
| FMR LLC 0.01% of their portfolio | 13.5m $201.1m | Reduced -677.6k |
| BlackRock Inc. 0.00% of their portfolio | 13.4m $199.0m | Reduced -595.0k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 10.7m $158.8m | Reduced -828.3k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 7.8m $116.9m | Added +6.4m |
| VANGUARD GROUP INC 0.00% of their portfolio | 7.5m $111.1m | Reduced -20.2k |
| BAILLIE GIFFORD & CO 0.09% of their portfolio | 7.4m $109.7m | Reduced -1.1m |
| Itau Unibanco Holding S.A. 4.52% of their portfolio | 7.1m $105.5m | Reduced -179.2k |
| MORGAN STANLEY 0.00% of their portfolio | 6.8m $101.2m | Reduced -6.9m |
| Amundi 0.04% of their portfolio | 6.7m $101.1m | Reduced -43.1k |
| CAUSEWAY CAPITAL MANAGEMENT LLC 2.59% of their portfolio | 6.6m $98.9m | Added +2.6m |
| STATE STREET CORP 0.00% of their portfolio | 4.7m $70.2m | Reduced -112.2k |
| MACQUARIE GROUP LTD 0.06% of their portfolio | 3.6m $53.4m | Added +800.0k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.18% of their portfolio | 3.3m $48.6m | Reduced -1.2m |
| BRANDES INVESTMENT PARTNERS, LP 0.43% of their portfolio | 2.3m $33.5m | Added +51.7k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 2.1m $31.9m | Added +108.8k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 1.7m $25.2m | Added +904.1k |
| SPX Gestao de Recursos Ltda 1.99% of their portfolio | 1.5m $22.7m | Added +698.9k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.4m $20.5m | Added +119.8k |
| KGH Ltd 1.17% of their portfolio | 1.3m $19.7m | Reduced -4.0m |
| Verition Fund Management LLC 0.18% of their portfolio | 1.2m $18.6m | Unchanged |
| Allspring Global Investments Holdings, LLC 0.03% of their portfolio | 1.1m $16.0m | Added +187.1k |
| Oldfield Partners LLP 1.86% of their portfolio | 925.9k $13.8m | Reduced -248.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 906.0k $13.5m | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 872.7k $13.0m | Reduced -1.1m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio | 853.9k $12.7m | Added +46.8k |
| Man Group plc 0.03% of their portfolio | 830.4k $12.4m | Added +122.2k |
| BARCLAYS PLC 0.01% of their portfolio | 785.0k $11.7m | Reduced -7.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 657.3k $9.8m | Added +551.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 609.2k $9.1m | Unchanged |
| Alberta Investment Management Corp 0.08% of their portfolio | 516.8k $7.7m | Unchanged |
| Invesco Ltd. 0.00% of their portfolio | 504.4k $7.5m | Added +178.4k |
| BARINGS LLC 0.18% of their portfolio | 469.9k $7.0m | Reduced -178.4k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 462.2k $6.9m | Added +271.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 461.9k $6.9m | Added +418.4k |
| Connor, Clark & Lunn Investment Management Ltd. 0.03% of their portfolio | 409.4k $6.1m | Added +409.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 402.0k $6.0m | Added +107.6k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 373.0k $5.6m | New |
| Cape Ann Asset Management Ltd 4.42% of their portfolio | 333.2k $5.0m | Reduced -700 |
| Trexquant Investment LP 0.09% of their portfolio | 307.4k $4.6m | Added +34.6k |
| UBS Group AG 0.00% of their portfolio | 294.5k $4.4m | Reduced -14.9k |
| DEPRINCE RACE & ZOLLO INC 0.09% of their portfolio | 278.1k $4.1m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 277.0k $4.1m | Reduced -80.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 265.5k $4.0m | Added +2.7k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 237.2k $3.5m | Added +21.2k |
| Anthracite Investment Company, Inc. 1.76% of their portfolio | 235.0k $3.5m | Unchanged |
| Crossmark Global Holdings, Inc. 0.06% of their portfolio | 207.6k $3.1m | Reduced -5.3k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 196.0k $2.9m | Reduced -363.1k |
| Franchise Capital Ltd 0.52% of their portfolio | 186.2k $2.8m | Reduced -259.8k |
| NATIXIS ADVISORS, LLC 0.01% of their portfolio | 180.9k $2.7m | Added +898 |
| PZENA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 168.1k $2.5m | Added +140 |
| Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio | 162.6k $2.4m | Reduced -30.6k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 155.9k $2.3m | Added +23.2k |
| VPR Management LLC 0.64% of their portfolio | 154.3k $2.3m | Unchanged |
| MARSHALL WACE, LLP 0.00% of their portfolio | 151.5k $2.3m | Reduced -85.5k |
| HANTZ FINANCIAL SERVICES, INC. 0.04% of their portfolio | 142.3k $2.1m | Reduced -921 |
| Headlands Technologies LLC 0.51% of their portfolio | 142.3k $2.1m | Added +139.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 138.5k $2.1m | Reduced -7.2k |
| Daiwa Securities Group Inc. 0.01% of their portfolio | 122.8k $1.8m | Reduced -18.0k |
| Y-Intercept (Hong Kong) Ltd 0.13% of their portfolio | 120.1k $1.8m | Added +23.1k |
| Pacer Advisors, Inc. 0.00% of their portfolio | 116.0k $1.7m | Added +18.4k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 114.0k $1.7m | Reduced -2.0k |
| Optiver Holding B.V. 0.07% of their portfolio | 112.3k $1.7m | New |
| State of New Jersey Common Pension Fund D 0.00% of their portfolio | 107.3k $1.6m | Unchanged |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 105.3k $1.6m | Unchanged |
| Cederberg Capital Ltd 0.43% of their portfolio | 103.0k $1.5m | Unchanged |
| OLD MISSION CAPITAL LLC 0.04% of their portfolio | 101.0k $1.5m | Added +69.1k |
| Engineers Gate Manager LP 0.04% of their portfolio | 101.0k $1.5m | Added +50.5k |
| Wellington Shields Capital Management, LLC 0.28% of their portfolio | 100.0k $1.5m | Unchanged |
| Hennion & Walsh Asset Management, Inc. 0.08% of their portfolio | 100.0k $1.5m | Added +39.5k |
| Advisors Asset Management, Inc. 0.03% of their portfolio | 94.3k $1.4m | Reduced -2.1k |
| XTX Topco Ltd 0.19% of their portfolio | 93.5k $1.4m | New |
| PROFUND ADVISORS LLC 0.05% of their portfolio | 87.7k $1.3m | Reduced -15.3k |
| SEGALL BRYANT & HAMILL, LLC 0.02% of their portfolio | 82.2k $1.2m | Unchanged |
| Obermeyer Wealth Partners 0.07% of their portfolio | 80.6k $1.2m | New |
| Mutual Advisors, LLC 0.04% of their portfolio | 80.1k $1.2m | Added +6.8k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 75.8k $1.1m | Reduced -4.4k |
| Squarepoint Ops LLC 0.00% of their portfolio | 75.1k $1.1m | Reduced -18.4k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 71.1k $1.1m | Reduced -2.1k |
| LRT Capital Management, LLC 0.88% of their portfolio | 65.8k $980.3k | New |
| NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC 0.03% of their portfolio | 65.1k $970.3k | Reduced -5.0k |
| Port Capital LLC 0.05% of their portfolio | 64.5k $961.0k | Reduced -9.6k |
| Schechter Investment Advisors, LLC 0.07% of their portfolio | 63.0k $938.8k | Added +4.4k |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 60.3k $898.0k | New |
| PHILADELPHIA TRUST CO 0.07% of their portfolio | 60.1k $896.0k | Added +800 |
| Employees Retirement System of Texas 0.01% of their portfolio | 59.5k $886.0k | Unchanged |
| Aigen Investment Management, LP 0.19% of their portfolio | 57.6k $857.5k | New |
| QRG CAPITAL MANAGEMENT, INC. 0.01% of their portfolio | 52.0k $774.6k | Reduced -6.3k |
| Donoghue Forlines LLC 0.19% of their portfolio | 45.7k $680.8k | Reduced -9.1k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 45.5k $677.9k | Unchanged |
| Corient Private Wealth LP 0.00% of their portfolio | 41.2k $614.0k | Added +2.0k |
| B. Metzler seel. Sohn & Co. AG 0.01% of their portfolio | 38.5k $574.3k | New |
| LANARK FINANCIAL, INC. 0.05% of their portfolio | 38.0k $565.0k | Reduced -37 |
| NOMURA HOLDINGS INC 0.00% of their portfolio | 36.5k $543.4k | Added +18.4k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 36.3k $540.9k | New |