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 ($4.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $13.02. Options: 8 managers hold calls ($195.6m notional), 6 hold puts ($34.1m).
Trends to Q1 2025
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 |
| Q1 2025 | 196 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q1 2025 | 98 | 83 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $75.5m | $12.7m | 0.17 |
| Q3 2024 | $19.3m | $27.1m | 1.40 |
| Q4 2024 | $22.8m | $39.2m | 1.72 |
| Q1 2025 | $195.6m | $34.1m | 0.17 |
Biggest buyers
| Packer & Co Ltd | New | +2.7m |
| CONTRARIAN CAPITAL MANAGEMENT, L.L.C. | Added | +1.4m |
| Qube Research & Technologies Ltd | New | +1.1m |
| STATE OF WISCONSIN INVESTMENT BOARD | New | +1.1m |
| Robeco Institutional Asset Management B.V. | Added | +791.5k |
| BlackRock, Inc. | Added | +739.3k |
| BRANDES INVESTMENT PARTNERS, LP | Added | +685.9k |
| SPX Gestao de Recursos Ltda | Added | +652.8k |
| Sagil Capital LLP | Added | +627.1k |
| MILLENNIUM MANAGEMENT LLC | Added | +400.7k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -5.1m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -2.7m |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -1.5m |
| Constellation Investimentos e Participacoes Ltda | Reduced | -801.6k |
| Itau Unibanco Holding S.A. | Reduced | -774.1k |
| BANK OF AMERICA CORP /DE/ | Reduced | -705.7k |
| NORTHERN TRUST CORP | Reduced | -597.8k |
| JANE STREET GROUP, LLC | Reduced | -395.4k |
| Allspring Global Investments Holdings, LLC | Reduced | -351.4k |
| GOLDMAN SACHS GROUP INC | Reduced | -283.9k |
Biggest calls
| Optiver Holding B.V. | Added | $108.7m8.3m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $36.7m2.8m shares |
| JANE STREET GROUP, LLC | New | $29.9m2.3m shares |
| Capital Markets Trading UK LLP | Reduced | $10.9m765.1k shares |
| CMT Capital Markets Trading GmbH | Reduced | $7.1m497.1k shares |
| GROUP ONE TRADING LLC | Added | $1.9m148.4k shares |
| CITADEL ADVISORS LLC | Added | $369.0k28.3k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Capital Markets Trading UK LLP | Reduced | $17.0m1.2m shares |
| CMT Capital Markets Trading GmbH | Reduced | $12.1m848.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.6m275.7k shares |
| Optiver Holding B.V. | Added | $1.3m99.4k shares |
| CITADEL ADVISORS LLC | Added | $91.3k7.0k 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 2025
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 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| JPMORGAN CHASE & CO 0.02% of their portfolio | 23.8m $310.8m | Reduced -5.1m |
| Robeco Institutional Asset Management B.V. 0.58% of their portfolio | 23.0m $299.4m | Added +791.5k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.07% of their portfolio | 15.3m $199.3m | Reduced -80.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.14% of their portfolio | 13.3m $173.2m | Reduced -2.7m |
| Itau Unibanco Holding S.A. 6.06% of their portfolio | 12.2m $156.9m | Reduced -774.1k |
| BlackRock, Inc. 0.00% of their portfolio | 11.2m $146.0m | Added +739.3k |
| BAILLIE GIFFORD & CO 0.08% of their portfolio | 6.8m $88.7m | Reduced -163.2k |
| FMR LLC 0.01% of their portfolio | 6.5m $85.2m | Reduced -48.4k |
| Amundi 0.03% of their portfolio | 6.5m $83.0m | Added +19.9k |
| MACQUARIE GROUP LTD 0.10% of their portfolio | 6.2m $80.7m | Unchanged |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 5.6m $73.6m | Reduced -1.5m |
| STATE STREET CORP 0.00% of their portfolio | 5.1m $66.3m | Added +57.8k |
| VANGUARD GROUP INC 0.00% of their portfolio | 4.1m $53.1m | Reduced -236.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.08% of their portfolio | 3.9m $50.5m | Added +29.4k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 3.6m $46.5m | Reduced -283.9k |
| BRANDES INVESTMENT PARTNERS, LP 0.45% of their portfolio | 3.4m $43.8m | Added +685.9k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 2.9m $37.6m | Added +190.1k |
| Packer & Co Ltd 10.55% of their portfolio | 2.7m $34.7m | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.9m $24.2m | Reduced -597.8k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.07% of their portfolio | 1.6m $21.4m | Reduced -96.7k |
| Ranmore Fund Management Ltd 11.49% of their portfolio | 1.5m $19.2m | Added +348.0k |
| CONTRARIAN CAPITAL MANAGEMENT, L.L.C. 4.80% of their portfolio | 1.4m $18.7m | Added +1.4m |
| SPX Gestao de Recursos Ltda 2.09% of their portfolio | 1.2m $16.1m | Added +652.8k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 1.2m $16.0m | Added +400.7k |
| Sagil Capital LLP 12.77% of their portfolio | 1.1m $14.7m | Added +627.1k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 1.1m $14.6m | New |
| BARCLAYS PLC 0.01% of their portfolio | 1.1m $14.5m | Added +1.3k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.04% of their portfolio | 1.1m $14.1m | New |
| Allspring Global Investments Holdings, LLC 0.02% of their portfolio | 1.0m $13.8m | Reduced -351.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 979.8k $12.8m | Unchanged |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio | 953.3k $12.4m | Reduced -82.8k |
| MORGAN STANLEY 0.00% of their portfolio | 854.0k $11.1m | Reduced -51.4k |
| Invesco Ltd. 0.00% of their portfolio | 780.3k $10.2m | Added +187.1k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 772.5k $10.1m | Reduced -114.4k |
| BARINGS LLC 0.23% of their portfolio | 721.5k $9.4m | Unchanged |
| Alberta Investment Management Corp 0.06% of their portfolio | 637.3k $8.3m | Reduced -228.4k |
| Oldfield Partners LLP 2.21% of their portfolio | 581.1k $7.6m | Reduced -71.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 573.6k $7.5m | Reduced -76.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 454.8k $5.9m | Added +106.9k |
| Cape Ann Asset Management Ltd 3.64% of their portfolio | 454.6k $5.9m | Unchanged |
| Farringdon Capital, Ltd. 2.77% of their portfolio | 421.5k $5.5m | Added +175.7k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 406.9k $5.3m | Added +94.0k |
| Schonfeld Strategic Advisors LLC 0.03% of their portfolio | 377.8k $4.9m | Added +298.3k |
| MANNING & NAPIER ADVISORS LLC 0.05% of their portfolio | 322.5k $4.2m | Added +3.8k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 309.0k $4.0m | New |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 282.6k $3.7m | Added +37.1k |
| Verition Fund Management LLC 0.02% of their portfolio | 276.3k $3.6m | New |
| LRT Capital Management, LLC 2.42% of their portfolio | 271.1k $3.5m | Added +114.9k |
| DEPRINCE RACE & ZOLLO INC 0.07% of their portfolio | 268.1k $3.5m | Reduced -3.2k |
| PINEBRIDGE INVESTMENTS, L.P. 0.03% of their portfolio | 255.0k $3.3m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 235.4k $3.1m | Reduced -705.7k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 202.5k $2.6m | Added +6.7k |
| PZENA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 192.8k $2.5m | Unchanged |
| Crossmark Global Holdings, Inc. 0.04% of their portfolio | 190.6k $2.5m | Added +909 |
| UBS Group AG 0.00% of their portfolio | 187.9k $2.4m | Reduced -207.9k |
| NATIXIS ADVISORS, LLC 0.00% of their portfolio | 179.6k $2.3m | Reduced -17.6k |
| HANTZ FINANCIAL SERVICES, INC. 0.04% of their portfolio | 165.9k $2.2m | Added +18.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 158.8k $2.1m | Added +12.8k |
| VPR Management LLC 0.98% of their portfolio | 154.3k $2.0m | Unchanged |
| Constellation Investimentos e Participacoes Ltda 5.50% of their portfolio | 151.4k $2.0m | Reduced -801.6k |
| Y-Intercept (Hong Kong) Ltd 0.13% of their portfolio | 151.1k $2.0m | Added +135.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 145.6k $1.9m | Added +91.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio | 139.8k $1.8m | New |
| Pacer Advisors, Inc. 0.00% of their portfolio | 136.9k $1.8m | Reduced -8.6k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 134.5k $1.8m | Unchanged |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 134.0k $1.7m | Reduced -14.4k |
| Cubist Systematic Strategies, LLC 0.02% of their portfolio | 131.1k $1.7m | New |
| Optiver Holding B.V. 0.07% of their portfolio | 130.9k $1.7m | New |
| Hennion & Walsh Asset Management, Inc. 0.08% of their portfolio | 130.2k $1.7m | Reduced -3.4k |
| Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio | 108.5k $1.4m | Reduced -1.3k |
| Mutual Advisors, LLC 0.03% of their portfolio | 105.6k $1.1m | Added +20.0k |
| Wellington Shields Capital Management, LLC 0.24% of their portfolio | 100.0k $1.3m | Unchanged |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 97.1k $1.3m | Added +23.0k |
| PROFUND ADVISORS LLC 0.05% of their portfolio | 95.2k $1.2m | Added +16.7k |
| Aberdeen Group plc 0.00% of their portfolio | 93.4k $1.2m | New |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 89.1k $1.2m | Reduced -108.5k |
| HighVista Strategies LLC 0.45% of their portfolio | 89.0k $1.2m | New |
| ABC ARBITRAGE SA 0.21% of their portfolio | 88.6k $1.2m | Added +53.7k |
| Engineers Gate Manager LP 0.02% of their portfolio | 87.9k $1.1m | Reduced -4.0k |
| Verde Servicos Internacionais S.A. 0.64% of their portfolio | 85.8k $1.1m | Reduced -36.1k |
| Advisors Asset Management, Inc. 0.02% of their portfolio | 85.1k $1.1m | Added +9.2k |
| Obermeyer Wealth Partners 0.06% of their portfolio | 84.3k $1.1m | Reduced -259 |
| Squarepoint Ops LLC 0.00% of their portfolio | 83.2k $1.1m | New |
| NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio | 80.1k $1.0m | Reduced -11.7k |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 79.5k $1.0m | Reduced -179.0k |
| NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC 0.02% of their portfolio | 73.6k $960.1k | Added +2.4k |
| PLATINUM INVESTMENT MANAGEMENT LTD 0.05% of their portfolio | 71.3k $929.1k | New |
| B. Metzler seel. Sohn & Co. AG 0.01% of their portfolio | 70.4k $917.7k | Added +3.7k |
| LANARK FINANCIAL, INC. 0.07% of their portfolio | 66.8k $870.0k | Added +66.7k |
| Qtron Investments LLC 0.12% of their portfolio | 63.7k $831.1k | Added +36.7k |
| Daiwa Securities Group Inc. 0.00% of their portfolio | 63.6k $829.0k | Added +1.0k |
| Port Capital LLC 0.04% of their portfolio | 62.5k $815.0k | Reduced -800 |
| SEGALL BRYANT & HAMILL, LLC 0.01% of their portfolio | 60.3k $786.3k | Reduced -24.4k |
| GSA CAPITAL PARTNERS LLP 0.07% of their portfolio | 59.0k $769.0k | Reduced -678 |
| Schechter Investment Advisors, LLC 0.06% of their portfolio | 58.2k $758.6k | Reduced -15.4k |
| LPL Financial LLC 0.00% of their portfolio | 55.9k $729.0k | Added +17.3k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 55.2k $720.3k | New |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio | 54.1k $705.8k | Added +9.5k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.01% of their portfolio | 48.1k $627.1k | Added +12.7k |
| HRT FINANCIAL LP 0.00% of their portfolio | 45.1k $587.0k | Added +21.4k |