Vault-13

PETROLEO BRASILEIRO SA PETRO PBR.A

SP ADR NON VTG · ADR · CUSIP 71654V101

Brazilian multinational oil and gas corporation

187 institutional holders +8 vs Q1 2024
249,803,038249.8m shares reported held*
$3.4bnreported value*
24 new 63 added 61 reduced 17 sold out net sold ≈ $507.5m (-37.2m 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 ≈ $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

0100200Q3 22: 148Q4 22: 162Q1 23: 171Q2 23: 165Q3 23: 174Q4 23: 174Q1 24: 179Q2 24: 187187Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 2022148
Q4 2022162
Q1 2023171
Q2 2023165
Q3 2023174
Q4 2023174
Q1 2024179
Q2 2024187

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 outQ2 23: 78 bought or addedQ2 23: 75 cut or sold outQ2 23Q3 23: 72 bought or addedQ3 23: 83 cut or sold outQ4 23: 74 bought or addedQ4 23: 80 cut or sold outQ4 23Q1 24: 74 bought or addedQ1 24: 81 cut or sold outQ2 24: 87 bought or addedQ2 24: 78 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20226980
Q1 20238867
Q2 20237875
Q3 20237283
Q4 20237480
Q1 20247481
Q2 20248778

Calls vs puts

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

CallsPuts
$0$50m$100m$150m$200mQ3 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 0.60Q2 24 calls: $75.5mQ2 24 puts: $12.7mQ2 24P/C 0.17
Numbers
QuarterCallsPutsP/C
Q3 2023$106.3m$112.0m1.05
Q4 2023$151.1m$96.7m0.64
Q1 2024$129.4m$78.2m0.60
Q2 2024$75.5m$12.7m0.17

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +9,303,744+9.3m
MACQUARIE GROUP LTD Added +2,500,000+2.5m
Optiver Holding B.V. Added +644,402+644.4k
Schonfeld Strategic Advisors LLC New +630,408+630.4k
Robeco Institutional Asset Management B.V. Added +431,784+431.8k
Constellation Investimentos e Participacoes Ltda New +387,900+387.9k
MARSHALL WACE, LLP Added +340,196+340.2k
PINEBRIDGE INVESTMENTS, L.P. Added +277,276+277.3k
UBS Group AG Added +231,367+231.4k
PRICE T ROWE ASSOCIATES INC /MD/ Added +179,000+179.0k

Biggest sellers

GOLDMAN SACHS GROUP INC Reduced -14,769,090-14.8m
WINDACRE PARTNERSHIP LLC Sold out -13,851,600-13.9m
JPMORGAN CHASE & CO Reduced -6,329,172-6.3m
FMR LLC Reduced -4,574,355-4.6m
CAUSEWAY CAPITAL MANAGEMENT LLC Reduced -2,747,305-2.7m
MORGAN STANLEY Reduced -1,807,158-1.8m
Verition Fund Management LLC Sold out -1,250,000-1.2m
Grantham, Mayo, Van Otterloo & Co. LLC Reduced -1,131,017-1.1m
SPX Gestao de Recursos Ltda Reduced -1,083,475-1.1m
BlackRock Inc. Reduced -885,913-885.9k

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.

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 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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.03% of their portfolio NEW YORK, NY 49,145,81449.1m $670.3m $670.3m 0.03% Reduced -6.3m -6,329,172
2 Robeco Institutional Asset Management B.V. 0.76% of their portfolio ROTTERDAM, P7 25,770,43125.8m $351.5m $351.5m 0.76% Added +431.8k +431,784
3 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.22% of their portfolio BOSTON, MA 18,115,49818.1m $247.1m $247.1m 0.22% Reduced -164.8k -164,795
4 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 17,148,84017.1m $233.9m $233.9m 0.02% Added +9.3m +9,303,744
5 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.07% of their portfolio Boston, MA 15,808,32015.8m $215.6m $215.6m 0.07% Reduced -357.1k -357,144
6 GOLDMAN SACHS GROUP INC 0.04% of their portfolio NEW YORK, NY 13,234,55813.2m $180.5m $180.5m 0.04% Reduced -14.8m -14,769,090
7 BlackRock Inc. 0.00% of their portfolio New York, NY 12,468,27212.5m $170.1m $170.1m 0.00% Reduced -885.9k -885,913
8 DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio AUSTIN, TX 10,071,50110.1m $137.4m $137.4m 0.04% Reduced -586.5k -586,514
9 FMR LLC 0.01% of their portfolio BOSTON, MA 8,920,1128.9m $121.7m $121.7m 0.01% Reduced -4.6m -4,574,355
10 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 7,573,4247.6m $103.3m $103.3m 0.00% Added +119.3k +119,314
11 BAILLIE GIFFORD & CO 0.08% of their portfolio EDINBURGH, X0 7,336,1207.3m $100.1m $100.1m 0.08% Reduced -26.6k -26,650
12 Itau Unibanco Holding S.A. 3.96% of their portfolio SAO PAULO, D5 7,198,0927.2m $96.7m $96.7m 3.96% Added +119.8k +119,779
13 Amundi 0.04% of their portfolio Paris, I0 6,811,9246.8m $93.3m $93.3m 0.04% Added +116.2k +116,204
14 MACQUARIE GROUP LTD 0.10% of their portfolio Sydney, NSW 2000, C3 6,085,5096.1m $83.0m $83.0m 0.10% Added +2.5m +2,500,000
15 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,984,8215.0m $68.0m $68.0m 0.01% Reduced -1.8m -1,807,158
16 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 4,640,0924.6m $65.0m $65.0m 0.00% Reduced -68.3k -68,326
17 CAUSEWAY CAPITAL MANAGEMENT LLC 1.45% of their portfolio LOS ANGELES, CA 3,891,1213.9m $53.1m $53.1m 1.45% Reduced -2.7m -2,747,305
18 BRANDES INVESTMENT PARTNERS, LP 0.38% of their portfolio LA JOLLA, CA 2,274,6242.3m $31.1m $31.1m 0.38% Added +23.2k +23,157
19 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 2,271,5612.3m $31.0m $31.0m 0.02% Added +127.5k +127,482
20 Grantham, Mayo, Van Otterloo & Co. LLC 0.10% of their portfolio Boston, MA 2,127,7972.1m $29.0m $29.0m 0.10% Reduced -1.1m -1,131,017
21 KGH Ltd 1.11% of their portfolio NASSAU, C5 1,325,0001.3m $18.1m $18.1m 1.11% Unchanged
22 Allspring Global Investments Holdings, LLC 0.03% of their portfolio CHARLOTTE, NC 1,236,6671.2m $16.9m $16.9m 0.03% Added +160.2k +160,244
23 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 1,192,7181.2m $16.3m $16.3m 0.00% Reduced -185.5k -185,530
24 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 905,983906.0k $12.4m $12.4m 0.00% Unchanged
25 SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio London, X0 876,094876.1k $11.9m $11.9m 0.01% Added +22.2k +22,187
26 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 856,227856.2k $11.7m $11.7m 0.01% Reduced -833.6k -833,559
27 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 788,153788.2k $10.8m $10.8m 0.00% Added +179.0k +179,000
28 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 770,000770.0k $10.5m $10.5m 0.00% Reduced -15.0k -15,000
29 Optiver Holding B.V. 0.20% of their portfolio AMSTERDAM, P7 756,687756.7k $10.3m $10.3m 0.20% Added +644.4k +644,402
30 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 725,100725.1k $9.9m $9.9m 0.02% Added +67.8k +67,800
31 Oldfield Partners LLP 1.75% of their portfolio LONDON, X0 679,623679.6k $9.3m $9.3m 1.75% Reduced -246.3k -246,300
32 Schonfeld Strategic Advisors LLC 0.07% of their portfolio NEW YORK, NY 630,408630.4k $8.6m $8.6m 0.07% New
33 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 548,492548.5k $7.5m $7.5m 0.00% Added +44.1k +44,076
34 UBS Group AG 0.00% of their portfolio ZURICH, V8 525,887525.9k $7.2m $7.2m 0.00% Added +231.4k +231,367
35 Alberta Investment Management Corp 0.07% of their portfolio EDMONTON, A0 516,840516.8k $7.0m $7.0m 0.07% Unchanged
36 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 491,692491.7k $6.7m $6.7m 0.01% Added +340.2k +340,196
37 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 489,740489.7k $6.7m $6.7m 0.01% Reduced -383.0k -383,009
38 BARINGS LLC 0.16% of their portfolio CHARLOTTE, NC 469,918469.9k $6.4m $6.4m 0.16% Unchanged
39 SPX Gestao de Recursos Ltda 0.91% of their portfolio RIO DE JANEIRO, D5 442,228442.2k $6.0m $6.0m 0.91% Reduced -1.1m -1,083,475
40 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 412,927412.9k $5.6m $5.6m 0.00% Added +11.0k +10,966
41 Constellation Investimentos e Participacoes Ltda 2.63% of their portfolio SAO PAULO, D5 387,900387.9k $5.3m $5.3m 2.63% New
42 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 359,284359.3k $4.9m $4.9m 0.01% Reduced -13.7k -13,748
43 MANNING & NAPIER ADVISORS LLC 0.05% of their portfolio Fairport, NY 342,994343.0k $4.7m $4.7m 0.05% First filing
44 Cape Ann Asset Management Ltd 3.98% of their portfolio LONDON, X0 340,310340.3k $4.6m $4.6m 3.98% Added +7.1k +7,100
45 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 300,325300.3k $4.1m $4.1m 0.00% Added +34.8k +34,787
46 PINEBRIDGE INVESTMENTS, L.P. 0.03% of their portfolio NEW YORK, NY 292,643292.6k $4.0m $4.0m 0.03% Added +277.3k +277,276
47 DEPRINCE RACE & ZOLLO INC 0.08% of their portfolio Winter Park, FL 278,100278.1k $3.8m $3.8m 0.08% Unchanged
48 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 276,593276.6k $3.8m $3.8m 0.00% Reduced -364 -364
49 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 274,122274.1k $3.7m $3.7m 0.00% Reduced -188.1k -188,088
50 Connor, Clark & Lunn Investment Management Ltd. 0.02% of their portfolio VANCOUVER, A1 265,440265.4k $3.6m $3.6m 0.02% Reduced -144.0k -143,959
51 Anthracite Investment Company, Inc. 1.70% of their portfolio FORT WORTH, TX 235,000235.0k $3.2m $3.2m 1.70% Unchanged
52 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 226,541226.5k $3.1m $3.1m 0.00% Reduced -10.7k -10,682
53 Man Group plc 0.01% of their portfolio LONDON, X0 222,779222.8k $3.0m $3.0m 0.01% Reduced -607.6k -607,611
54 Franchise Capital Ltd 0.71% of their portfolio GRAND CAYMAN, E9 215,260215.3k $2.9m $2.9m 0.71% Added +29.1k +29,053
55 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 195,999196.0k $2.7m $2.7m 0.00% Unchanged
56 Crossmark Global Holdings, Inc. 0.05% of their portfolio HOUSTON, TX 186,268186.3k $2.5m $2.5m 0.05% Reduced -21.4k -21,367
57 Headlands Technologies LLC 0.27% of their portfolio CHICAGO, IL 185,813185.8k $2.5m $2.5m 0.27% Added +43.5k +43,530
58 NATIXIS ADVISORS, LLC 0.01% of their portfolio Boston, MA 168,699168.7k $2.3m $2.3m 0.01% Reduced -12.2k -12,249
59 PZENA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 168,134168.1k $2.3m $2.3m 0.01% Unchanged
60 VPR Management LLC 0.79% of their portfolio HOUSTON, TX 154,260154.3k $2.1m $2.1m 0.79% Unchanged
61 HANTZ FINANCIAL SERVICES, INC. 0.04% of their portfolio SOUTHFIELD, MI 136,705136.7k $1.9m $1.9m 0.04% Reduced -5.6k -5,626
62 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 136,644136.6k $1.9m $1.9m 0.00% Reduced -19.3k -19,272
63 Y-Intercept (Hong Kong) Ltd 0.10% of their portfolio HONG KONG, K3 134,161134.2k $1.8m $1.8m 0.10% Added +14.1k +14,076
64 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 132,270132.3k $1.8m $1.8m 0.00% Reduced -6.2k -6,228
65 Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio SEOUL, M5 130,386130.4k $1.8m $1.8m 0.01% Reduced -32.2k -32,212
66 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 129,857129.9k $1.8m $1.8m 0.00% Added +24.6k +24,572
67 XTX Topco Ltd 0.14% of their portfolio LONDON, X0 120,825120.8k $1.6m $1.6m 0.14% Added +27.3k +27,347
68 Daiwa Securities Group Inc. 0.01% of their portfolio CHIYODA-KU,TOKYO, M0 119,800119.8k $1.6m $1.6m 0.01% Reduced -3.0k -3,000
69 Hennion & Walsh Asset Management, Inc. 0.08% of their portfolio Parsippany, NJ 118,416118.4k $1.6m $1.6m 0.08% Added +18.4k +18,440
70 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 106,562106.6k $1.5m $1.5m 0.00% Reduced -7.4k -7,401
71 Wellington Shields Capital Management, LLC 0.25% of their portfolio NEW YORK, NY 100,000100.0k $1.4m $1.4m 0.25% Unchanged
72 Engineers Gate Manager LP 0.03% of their portfolio NEW YORK, NY 94,23694.2k $1.3m $1.3m 0.03% Reduced -6.8k -6,768
73 PROFUND ADVISORS LLC 0.05% of their portfolio BETHESDA, MD 91,19991.2k $1.2m $1.2m 0.05% Added +3.5k +3,451
74 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 89,63689.6k $1.2m $1.2m 0.00% Reduced -372.3k -372,304
75 Advisors Asset Management, Inc. 0.02% of their portfolio Monument, CO 85,73585.7k $1.2m $1.2m 0.02% Reduced -8.5k -8,549
76 Obermeyer Wealth Partners 0.07% of their portfolio ASPEN, CO 85,59385.6k $1.2m $1.2m 0.07% Added +5.0k +4,994
77 Mutual Advisors, LLC 0.03% of their portfolio OMAHA, NE 84,09084.1k $1.1m $1.1m 0.03% Added +4.0k +3,961
78 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 83,59483.6k $1.1m $1.1m 0.01% Added +48.6k +48,615
79 SEGALL BRYANT & HAMILL, LLC 0.02% of their portfolio CHICAGO, IL 82,20082.2k $1.1m $1.1m 0.02% Unchanged
80 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 78,78578.8k $1.1m $1.1m 0.00% Added +3.0k +3,035
81 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 73,63973.6k $1.0m $1.0m 0.00% New
82 ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio Boston, MA 73,00073.0k $995.0k $995.0k 0.00% Added +12.7k +12,714
83 State of New Jersey Common Pension Fund D 0.00% of their portfolio TRENTON, NJ 72,57472.6k $989.9k $989.9k 0.00% Reduced -34.7k -34,746
84 B. Metzler seel. Sohn & Co. AG 0.01% of their portfolio FRANKFURT, 2M 71,09471.1k $969.7k $969.7k 0.01% Added +32.5k +32,550
85 NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC 0.02% of their portfolio MILWAUKEE, WI 68,15368.2k $929.6k $929.6k 0.02% Added +3.0k +3,035
86 Banco BTG Pactual S.A. 0.22% of their portfolio RIO DE JANEIRO, D5 66,25066.2k $871.9k $871.9k 0.22% New
87 Schechter Investment Advisors, LLC 0.07% of their portfolio BIRMINGHAM, MI 65,19765.2k $889.3k $889.3k 0.07% Added +2.2k +2,190
88 Port Capital LLC 0.04% of their portfolio CHICAGO, IL 63,46763.5k $866.0k $866.0k 0.04% Reduced -1.0k -1,000
89 Employees Retirement System of Texas 0.01% of their portfolio AUSTIN, TX 59,48059.5k $811.0k $811.0k 0.01% Unchanged
90 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 58,77858.8k $802.0k $802.0k 0.00% Added +32.9k +32,857
91 Donoghue Forlines LLC 0.21% of their portfolio Boston, MA 54,52354.5k $743.7k $743.7k 0.21% Added +8.8k +8,835
92 RK Capital Management, LLC/FL 0.37% of their portfolio Weston, FL 52,40052.4k $714.7k $714.7k 0.37% New
93 QRG CAPITAL MANAGEMENT, INC. 0.01% of their portfolio BERWYN, PA 51,49051.5k $702.3k $702.3k 0.01% Reduced -495 -495
94 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 50,00050.0k $682.0k $682.0k 0.01% New
95 LANARK FINANCIAL, INC. 0.06% of their portfolio BIRMINGHAM, AL 45,04145.0k $614.0k $614.0k 0.06% Added +7.1k +7,074
96 YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BLOOMFIELD HILLS, MI 44,07544.1k $601.2k $601.2k 0.01% Reduced -1.4k -1,420
97 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 41,69441.7k $568.7k $568.7k 0.00% Added +487 +487
98 LRT Capital Management, LLC 0.53% of their portfolio Austin, TX 41,63041.6k $567.8k $567.8k 0.53% Reduced -24.2k -24,161
99 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 39,40739.4k $537.5k $537.5k 0.00% Reduced -31.7k -31,652
100 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 36,29836.3k $495.0k $495.0k 0.00% Added +10.7k +10,691