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 ($2.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $11.86. Options: 7 managers hold calls ($22.8m notional), 7 hold puts ($39.2m).
Trends to Q4 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 |
| Q3 2024 | 193 |
| Q4 2024 | 185 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2023 | 88 | 67 |
| Q2 2023 | 78 | 75 |
| Q3 2023 | 72 | 83 |
| Q4 2023 | 74 | 80 |
| Q1 2024 | 74 | 81 |
| Q2 2024 | 87 | 78 |
| Q3 2024 | 94 | 79 |
| Q4 2024 | 71 | 96 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $129.4m | $78.2m | 0.60 |
| Q2 2024 | $75.5m | $12.7m | 0.17 |
| Q3 2024 | $19.3m | $27.1m | 1.40 |
| Q4 2024 | $22.8m | $39.2m | 1.72 |
Biggest buyers
| GOLDMAN SACHS GROUP INC | Added | +3.2m |
| RENAISSANCE TECHNOLOGIES LLC | Added | +2.3m |
| Itau Unibanco Holding S.A. | Added | +1.2m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +1.2m |
| NORTHERN TRUST CORP | Added | +1.0m |
| BANK OF AMERICA CORP /DE/ | Added | +738.4k |
| Constellation Investimentos e Participacoes Ltda | Added | +565.1k |
| Sagil Capital LLP | New | +500.0k |
| STATE STREET CORP | Added | +271.9k |
| BARINGS LLC | Added | +251.5k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -32.1m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Sold out | -9.1m |
| MORGAN STANLEY | Reduced | -3.2m |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -3.0m |
| FMR LLC | Reduced | -2.1m |
| BlackRock, Inc. | Reduced | -1.2m |
| Qube Research & Technologies Ltd | Sold out | -1.1m |
| SPX Gestao de Recursos Ltda | Reduced | -789.3k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -771.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Sold out | -432.4k |
Biggest calls
| Capital Markets Trading UK LLP | Added | $11.2m881.4k shares |
| CMT Capital Markets Trading GmbH | Added | $9.1m717.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.3m191.6k shares |
| GROUP ONE TRADING LLC | New | $101.8k8.6k shares |
| CITADEL ADVISORS LLC | Added | $50.9k4.3k shares |
| Optiver Holding B.V. | Reduced | $2.4k200 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Capital Markets Trading UK LLP | Added | $21.9m1.7m shares |
| CMT Capital Markets Trading GmbH | Added | $15.3m1.2m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.7m147.1k shares |
| Optiver Holding B.V. | Reduced | $185.9k15.7k shares |
| GROUP ONE TRADING LLC | Reduced | $71.0k6.0k shares |
| CITADEL ADVISORS LLC | Reduced | $1.2k100 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 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 Q4 2024.
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| JPMORGAN CHASE & CO 0.03% of their portfolio | 29.0m $342.9m | Reduced -32.1m |
| Robeco Institutional Asset Management B.V. 0.50% of their portfolio | 22.2m $262.5m | Reduced -194.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.15% of their portfolio | 16.0m $188.9m | Added +1.2m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.06% of their portfolio | 15.4m $181.9m | Reduced -771.0k |
| Itau Unibanco Holding S.A. 4.74% of their portfolio | 13.0m $152.1m | Added +1.2m |
| BlackRock, Inc. 0.00% of their portfolio | 10.5m $123.8m | Reduced -1.2m |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 7.1m $84.5m | Reduced -3.0m |
| BAILLIE GIFFORD & CO 0.06% of their portfolio | 7.0m $82.5m | Reduced -179.3k |
| FMR LLC 0.00% of their portfolio | 6.6m $77.9m | Reduced -2.1m |
| Amundi 0.03% of their portfolio | 6.5m $78.3m | Reduced -274.2k |
| MACQUARIE GROUP LTD 0.09% of their portfolio | 6.2m $73.2m | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 5.0m $63.1m | Added +271.9k |
| VANGUARD GROUP INC 0.00% of their portfolio | 4.3m $51.0m | Reduced -345.0k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 3.8m $45.6m | Added +3.2m |
| RENAISSANCE TECHNOLOGIES LLC 0.07% of their portfolio | 3.8m $45.5m | Added +2.3m |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 2.7m $31.8m | Added +58.0k |
| BRANDES INVESTMENT PARTNERS, LP 0.35% of their portfolio | 2.7m $31.6m | Added +24.9k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 2.5m $29.1m | Added +1.0m |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.07% of their portfolio | 1.7m $20.5m | Reduced -298.7k |
| Allspring Global Investments Holdings, LLC 0.03% of their portfolio | 1.4m $16.9m | Added +185.7k |
| Ranmore Fund Management Ltd 12.36% of their portfolio | 1.1m $13.3m | First filing |
| BARCLAYS PLC 0.01% of their portfolio | 1.1m $13.1m | Added +218.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio | 1.0m $12.2m | Added +110.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 979.8k $11.6m | Added +191.6k |
| Constellation Investimentos e Participacoes Ltda 10.92% of their portfolio | 953.0k $11.3m | Added +565.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 941.1k $11.1m | Added +738.4k |
| MORGAN STANLEY 0.00% of their portfolio | 905.4k $10.7m | Reduced -3.2m |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 886.9k $10.5m | Added +47.2k |
| Alberta Investment Management Corp 0.07% of their portfolio | 865.8k $10.3m | Added +102.4k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 824.9k $9.8m | Added +24.7k |
| BARINGS LLC 0.20% of their portfolio | 721.5k $8.5m | Added +251.5k |
| Oldfield Partners LLP 2.24% of their portfolio | 652.3k $7.7m | Reduced -79.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 649.6k $7.7m | Unchanged |
| Invesco Ltd. 0.00% of their portfolio | 593.3k $7.0m | Added +1.2k |
| SPX Gestao de Recursos Ltda 1.04% of their portfolio | 584.8k $6.9m | Reduced -789.3k |
| Sagil Capital LLP 5.56% of their portfolio | 500.0k $5.9m | New |
| Cape Ann Asset Management Ltd 3.39% of their portfolio | 454.6k $5.4m | Added +106.7k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 411.1k $4.9m | Reduced -317.9k |
| UBS Group AG 0.00% of their portfolio | 395.8k $4.7m | Added +43.6k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 347.9k $4.1m | Reduced -3.5k |
| Capula Management Ltd 0.03% of their portfolio | 341.8k $4.0m | Added +84.2k |
| MANNING & NAPIER ADVISORS LLC 0.04% of their portfolio | 318.7k $3.8m | Reduced -24.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 312.9k $3.7m | Added +1.4k |
| Trexquant Investment LP 0.04% of their portfolio | 285.3k $3.4m | Added +128.0k |
| DEPRINCE RACE & ZOLLO INC 0.06% of their portfolio | 271.3k $3.2m | Reduced -3.1k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 258.5k $3.1m | Reduced -7.0k |
| PINEBRIDGE INVESTMENTS, L.P. 0.02% of their portfolio | 255.0k $3.0m | Unchanged |
| Farringdon Capital, Ltd. 1.20% of their portfolio | 245.8k $2.9m | First filing |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 245.5k $2.9m | Added +20.9k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 243.2k $2.9m | Added +139.2k |
| Anthracite Investment Company, Inc. 1.31% of their portfolio | 220.0k $2.6m | Reduced -15.0k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 197.6k $2.3m | Added +92.4k |
| NATIXIS ADVISORS, LLC 0.00% of their portfolio | 197.2k $2.3m | Added +3.9k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 195.9k $2.3m | Reduced -8.9k |
| PZENA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 192.8k $2.3m | Added +24.6k |
| Crossmark Global Holdings, Inc. 0.04% of their portfolio | 189.6k $2.2m | Reduced -90 |
| LRT Capital Management, LLC 1.45% of their portfolio | 156.2k $1.8m | Added +79.2k |
| VPR Management LLC 0.95% of their portfolio | 154.3k $1.8m | Unchanged |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 148.4k $1.8m | Reduced -228.0k |
| HANTZ FINANCIAL SERVICES, INC. 0.03% of their portfolio | 147.1k $1.7m | Reduced -2.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 146.0k $1.7m | Reduced -2.0k |
| Pacer Advisors, Inc. 0.00% of their portfolio | 145.5k $1.7m | Reduced -6.4k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 134.5k $1.6m | Added +1.1k |
| Hennion & Walsh Asset Management, Inc. 0.07% of their portfolio | 133.7k $1.6m | Added +10.6k |
| Verde Servicos Internacionais S.A. 0.62% of their portfolio | 121.9k $1.4m | New |
| Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio | 109.8k $1.3m | Added +12.5k |
| Wellington Shields Capital Management, LLC 0.21% of their portfolio | 100.0k $1.2m | Unchanged |
| Engineers Gate Manager LP 0.02% of their portfolio | 91.8k $1.1m | Reduced -58.2k |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 91.8k $1.1m | Added +10.4k |
| Mutual Advisors, LLC 0.03% of their portfolio | 85.6k $1.0m | Added +11.1k |
| SEGALL BRYANT & HAMILL, LLC 0.01% of their portfolio | 84.7k $1.0m | Unchanged |
| Obermeyer Wealth Partners 0.05% of their portfolio | 84.5k $1.0m | Reduced -2.6k |
| Schonfeld Strategic Advisors LLC 0.01% of their portfolio | 79.5k $941.1k | New |
| PROFUND ADVISORS LLC 0.03% of their portfolio | 78.4k $928.6k | Reduced -3.8k |
| Virtu Financial LLC 0.05% of their portfolio | 76.8k $910.0k | New |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 76.4k $904.0k | Reduced -61.7k |
| Advisors Asset Management, Inc. 0.02% of their portfolio | 75.9k $898.6k | Reduced -1.9k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 74.2k $878.0k | Added +1.6k |
| Schechter Investment Advisors, LLC 0.07% of their portfolio | 73.6k $870.9k | Added +1.7k |
| State of New Jersey Common Pension Fund D 0.00% of their portfolio | 72.6k $859.3k | Unchanged |
| NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC 0.02% of their portfolio | 71.3k $843.8k | Added +2.4k |
| B. Metzler seel. Sohn & Co. AG 0.01% of their portfolio | 66.7k $789.5k | Reduced -4.4k |
| Port Capital LLC 0.03% of their portfolio | 63.3k $749.0k | Reduced -200 |
| Daiwa Securities Group Inc. 0.00% of their portfolio | 62.6k $741.0k | Reduced -59.2k |
| GSA CAPITAL PARTNERS LLP 0.05% of their portfolio | 59.7k $707.0k | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 54.6k $646.7k | Added +23.4k |
| Corient Private Wealth LP 0.00% of their portfolio | 47.1k $558.1k | Added +2.2k |
| QRG CAPITAL MANAGEMENT, INC. 0.01% of their portfolio | 45.4k $538.1k | Reduced -7.7k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 44.6k $528.5k | Added +5.4k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 42.8k $506.6k | Unchanged |
| COMMONS CAPITAL, LLC 0.43% of their portfolio | 40.0k $473.6k | New |
| LPL Financial LLC 0.00% of their portfolio | 38.6k $457.6k | Reduced -766 |
| Scientech Research LLC 0.13% of their portfolio | 37.7k $446.8k | Reduced -42.0k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 37.7k $446.4k | Reduced -7.5k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.01% of their portfolio | 35.3k $418.4k | Reduced -3.1k |
| XTX Topco Ltd 0.03% of their portfolio | 35.2k $417.1k | Added +7.5k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 35.2k $417.0k | Added +598 |
| ABC ARBITRAGE SA 0.06% of their portfolio | 34.9k $412.7k | First filing |
| Sequoia Financial Advisors, LLC 0.00% of their portfolio | 33.8k $400.6k | Added +10.4k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 33.3k $394.6k | Reduced -63.8k |