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 ≈ $13.64. Options: 7 managers hold calls ($75.5m notional), 6 hold puts ($12.7m).
Trends to Q2 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 |
| Q2 2024 | 187 |
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 |
| Q2 2024 | 87 | 78 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $106.3m | $112.0m | 1.05 |
| Q4 2023 | $151.1m | $96.7m | 0.64 |
| Q1 2024 | $129.4m | $78.2m | 0.60 |
| Q2 2024 | $75.5m | $12.7m | 0.17 |
Biggest buyers
| BANK OF AMERICA CORP /DE/ | Added | +9.3m |
| MACQUARIE GROUP LTD | Added | +2.5m |
| Optiver Holding B.V. | Added | +644.4k |
| Schonfeld Strategic Advisors LLC | New | +630.4k |
| Robeco Institutional Asset Management B.V. | Added | +431.8k |
| Constellation Investimentos e Participacoes Ltda | New | +387.9k |
| MARSHALL WACE, LLP | Added | +340.2k |
| PINEBRIDGE INVESTMENTS, L.P. | Added | +277.3k |
| UBS Group AG | Added | +231.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +179.0k |
Biggest sellers
| GOLDMAN SACHS GROUP INC | Reduced | -14.8m |
| WINDACRE PARTNERSHIP LLC | Sold out | -13.9m |
| JPMORGAN CHASE & CO | Reduced | -6.3m |
| FMR LLC | Reduced | -4.6m |
| CAUSEWAY CAPITAL MANAGEMENT LLC | Reduced | -2.7m |
| MORGAN STANLEY | Reduced | -1.8m |
| Verition Fund Management LLC | Sold out | -1.2m |
| Grantham, Mayo, Van Otterloo & Co. LLC | Reduced | -1.1m |
| SPX Gestao de Recursos Ltda | Reduced | -1.1m |
| BlackRock Inc. | Reduced | -885.9k |
Biggest calls
| JANE STREET GROUP, LLC | Unchanged | $44.5m3.3m shares |
| Optiver Holding B.V. | Reduced | $13.2m966.7k shares |
| GROUP ONE TRADING LLC | Reduced | $6.2m454.5k shares |
| CMT Capital Markets Trading GmbH | Reduced | $6.0m416.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $5.6m414.1k shares |
| CITADEL ADVISORS LLC | Reduced | $5.5k400 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CMT Capital Markets Trading GmbH | Reduced | $6.4m446.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.8m204.2k shares |
| Capital Markets Trading UK LLP | Reduced | $2.0m138.2k shares |
| Optiver Holding B.V. | Reduced | $1.1m83.8k shares |
| GROUP ONE TRADING LLC | New | $304.2k22.3k 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 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 Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| JPMORGAN CHASE & CO 0.03% of their portfolio | 49.1m $670.3m | Reduced -6.3m |
| Robeco Institutional Asset Management B.V. 0.76% of their portfolio | 25.8m $351.5m | Added +431.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.22% of their portfolio | 18.1m $247.1m | Reduced -164.8k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 17.1m $233.9m | Added +9.3m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.07% of their portfolio | 15.8m $215.6m | Reduced -357.1k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 13.2m $180.5m | Reduced -14.8m |
| BlackRock Inc. 0.00% of their portfolio | 12.5m $170.1m | Reduced -885.9k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 10.1m $137.4m | Reduced -586.5k |
| FMR LLC 0.01% of their portfolio | 8.9m $121.7m | Reduced -4.6m |
| VANGUARD GROUP INC 0.00% of their portfolio | 7.6m $103.3m | Added +119.3k |
| BAILLIE GIFFORD & CO 0.08% of their portfolio | 7.3m $100.1m | Reduced -26.6k |
| Itau Unibanco Holding S.A. 3.96% of their portfolio | 7.2m $96.7m | Added +119.8k |
| Amundi 0.04% of their portfolio | 6.8m $93.3m | Added +116.2k |
| MACQUARIE GROUP LTD 0.10% of their portfolio | 6.1m $83.0m | Added +2.5m |
| MORGAN STANLEY 0.01% of their portfolio | 5.0m $68.0m | Reduced -1.8m |
| STATE STREET CORP 0.00% of their portfolio | 4.6m $65.0m | Reduced -68.3k |
| CAUSEWAY CAPITAL MANAGEMENT LLC 1.45% of their portfolio | 3.9m $53.1m | Reduced -2.7m |
| BRANDES INVESTMENT PARTNERS, LP 0.38% of their portfolio | 2.3m $31.1m | Added +23.2k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 2.3m $31.0m | Added +127.5k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.10% of their portfolio | 2.1m $29.0m | Reduced -1.1m |
| KGH Ltd 1.11% of their portfolio | 1.3m $18.1m | Unchanged |
| Allspring Global Investments Holdings, LLC 0.03% of their portfolio | 1.2m $16.9m | Added +160.2k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.2m $16.3m | Reduced -185.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 906.0k $12.4m | Unchanged |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio | 876.1k $11.9m | Added +22.2k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 856.2k $11.7m | Reduced -833.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 788.2k $10.8m | Added +179.0k |
| BARCLAYS PLC 0.00% of their portfolio | 770.0k $10.5m | Reduced -15.0k |
| Optiver Holding B.V. 0.20% of their portfolio | 756.7k $10.3m | Added +644.4k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 725.1k $9.9m | Added +67.8k |
| Oldfield Partners LLP 1.75% of their portfolio | 679.6k $9.3m | Reduced -246.3k |
| Schonfeld Strategic Advisors LLC 0.07% of their portfolio | 630.4k $8.6m | New |
| Invesco Ltd. 0.00% of their portfolio | 548.5k $7.5m | Added +44.1k |
| UBS Group AG 0.00% of their portfolio | 525.9k $7.2m | Added +231.4k |
| Alberta Investment Management Corp 0.07% of their portfolio | 516.8k $7.0m | Unchanged |
| MARSHALL WACE, LLP 0.01% of their portfolio | 491.7k $6.7m | Added +340.2k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 489.7k $6.7m | Reduced -383.0k |
| BARINGS LLC 0.16% of their portfolio | 469.9k $6.4m | Unchanged |
| SPX Gestao de Recursos Ltda 0.91% of their portfolio | 442.2k $6.0m | Reduced -1.1m |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 412.9k $5.6m | Added +11.0k |
| Constellation Investimentos e Participacoes Ltda 2.63% of their portfolio | 387.9k $5.3m | New |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 359.3k $4.9m | Reduced -13.7k |
| MANNING & NAPIER ADVISORS LLC 0.05% of their portfolio | 343.0k $4.7m | First filing |
| Cape Ann Asset Management Ltd 3.98% of their portfolio | 340.3k $4.6m | Added +7.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 300.3k $4.1m | Added +34.8k |
| PINEBRIDGE INVESTMENTS, L.P. 0.03% of their portfolio | 292.6k $4.0m | Added +277.3k |
| DEPRINCE RACE & ZOLLO INC 0.08% of their portfolio | 278.1k $3.8m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 276.6k $3.8m | Reduced -364 |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 274.1k $3.7m | Reduced -188.1k |
| Connor, Clark & Lunn Investment Management Ltd. 0.02% of their portfolio | 265.4k $3.6m | Reduced -144.0k |
| Anthracite Investment Company, Inc. 1.70% of their portfolio | 235.0k $3.2m | Unchanged |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 226.5k $3.1m | Reduced -10.7k |
| Man Group plc 0.01% of their portfolio | 222.8k $3.0m | Reduced -607.6k |
| Franchise Capital Ltd 0.71% of their portfolio | 215.3k $2.9m | Added +29.1k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 196.0k $2.7m | Unchanged |
| Crossmark Global Holdings, Inc. 0.05% of their portfolio | 186.3k $2.5m | Reduced -21.4k |
| Headlands Technologies LLC 0.27% of their portfolio | 185.8k $2.5m | Added +43.5k |
| NATIXIS ADVISORS, LLC 0.01% of their portfolio | 168.7k $2.3m | Reduced -12.2k |
| PZENA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 168.1k $2.3m | Unchanged |
| VPR Management LLC 0.79% of their portfolio | 154.3k $2.1m | Unchanged |
| HANTZ FINANCIAL SERVICES, INC. 0.04% of their portfolio | 136.7k $1.9m | Reduced -5.6k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 136.6k $1.9m | Reduced -19.3k |
| Y-Intercept (Hong Kong) Ltd 0.10% of their portfolio | 134.2k $1.8m | Added +14.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 132.3k $1.8m | Reduced -6.2k |
| Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio | 130.4k $1.8m | Reduced -32.2k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 129.9k $1.8m | Added +24.6k |
| XTX Topco Ltd 0.14% of their portfolio | 120.8k $1.6m | Added +27.3k |
| Daiwa Securities Group Inc. 0.01% of their portfolio | 119.8k $1.6m | Reduced -3.0k |
| Hennion & Walsh Asset Management, Inc. 0.08% of their portfolio | 118.4k $1.6m | Added +18.4k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 106.6k $1.5m | Reduced -7.4k |
| Wellington Shields Capital Management, LLC 0.25% of their portfolio | 100.0k $1.4m | Unchanged |
| Engineers Gate Manager LP 0.03% of their portfolio | 94.2k $1.3m | Reduced -6.8k |
| PROFUND ADVISORS LLC 0.05% of their portfolio | 91.2k $1.2m | Added +3.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 89.6k $1.2m | Reduced -372.3k |
| Advisors Asset Management, Inc. 0.02% of their portfolio | 85.7k $1.2m | Reduced -8.5k |
| Obermeyer Wealth Partners 0.07% of their portfolio | 85.6k $1.2m | Added +5.0k |
| Mutual Advisors, LLC 0.03% of their portfolio | 84.1k $1.1m | Added +4.0k |
| HRT FINANCIAL LP 0.01% of their portfolio | 83.6k $1.1m | Added +48.6k |
| SEGALL BRYANT & HAMILL, LLC 0.02% of their portfolio | 82.2k $1.1m | Unchanged |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 78.8k $1.1m | Added +3.0k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 73.6k $1.0m | New |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 73.0k $995.0k | Added +12.7k |
| State of New Jersey Common Pension Fund D 0.00% of their portfolio | 72.6k $989.9k | Reduced -34.7k |
| B. Metzler seel. Sohn & Co. AG 0.01% of their portfolio | 71.1k $969.7k | Added +32.5k |
| NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC 0.02% of their portfolio | 68.2k $929.6k | Added +3.0k |
| Banco BTG Pactual S.A. 0.22% of their portfolio | 66.2k $871.9k | New |
| Schechter Investment Advisors, LLC 0.07% of their portfolio | 65.2k $889.3k | Added +2.2k |
| Port Capital LLC 0.04% of their portfolio | 63.5k $866.0k | Reduced -1.0k |
| Employees Retirement System of Texas 0.01% of their portfolio | 59.5k $811.0k | Unchanged |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 58.8k $802.0k | Added +32.9k |
| Donoghue Forlines LLC 0.21% of their portfolio | 54.5k $743.7k | Added +8.8k |
| RK Capital Management, LLC/FL 0.37% of their portfolio | 52.4k $714.7k | New |
| QRG CAPITAL MANAGEMENT, INC. 0.01% of their portfolio | 51.5k $702.3k | Reduced -495 |
| Jefferies Financial Group Inc. 0.01% of their portfolio | 50.0k $682.0k | New |
| LANARK FINANCIAL, INC. 0.06% of their portfolio | 45.0k $614.0k | Added +7.1k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 44.1k $601.2k | Reduced -1.4k |
| Corient Private Wealth LP 0.00% of their portfolio | 41.7k $568.7k | Added +487 |
| LRT Capital Management, LLC 0.53% of their portfolio | 41.6k $567.8k | Reduced -24.2k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 39.4k $537.5k | Reduced -31.7k |
| SG Americas Securities, LLC 0.00% of their portfolio | 36.3k $495.0k | Added +10.7k |