PETROLEO BRASILEIRO SA PETRO PBR
SPONSORED ADR · ADR · CUSIP 71654V408 · ISIN US71654V4086
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 ($63.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $16.21. Options: 37 managers hold calls ($883.2m notional), 38 hold puts ($1.1bn).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 414 |
| Q4 2022 | 413 |
| Q1 2023 | 420 |
| Q2 2023 | 401 |
| Q3 2023 | 436 |
| Q4 2023 | 467 |
| Q1 2024 | 499 |
| Q2 2024 | 490 |
| Q3 2024 | 489 |
| Q4 2024 | 486 |
| Q1 2025 | 477 |
| Q2 2025 | 486 |
| Q3 2025 | 477 |
| Q4 2025 | 493 |
| Q1 2026 | 550 |
| Q2 2026 | 558 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 230 | 224 |
| Q4 2024 | 193 | 244 |
| Q1 2025 | 235 | 206 |
| Q2 2025 | 255 | 200 |
| Q3 2025 | 234 | 213 |
| Q4 2025 | 238 | 216 |
| Q1 2026 | 317 | 202 |
| Q2 2026 | 277 | 256 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $479.7m | $590.3m | 1.23 |
| Q4 2025 | $488.8m | $536.9m | 1.10 |
| Q1 2026 | $1.4bn | $1.1bn | 0.79 |
| Q2 2026 | $883.2m | $1.1bn | 1.19 |
Biggest buyers
| GQG Partners LLC | Added | +19.8m |
| Capital World Investors | Added | +15.3m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +11.6m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +7.7m |
| JANE STREET GROUP, LLC | Added | +7.3m |
| ACADIAN ASSET MANAGEMENT LLC | Added | +6.3m |
| Carrhae Capital LLP | New | +5.4m |
| Bridgewater Associates, LP | Added | +5.4m |
| Schonfeld Strategic Advisors LLC | Added | +4.3m |
| BAILLIE GIFFORD & CO | Added | +4.2m |
Biggest sellers
| MORGAN STANLEY | Reduced | -7.9m |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Reduced | -7.5m |
| Itau Unibanco Holding S.A. | Reduced | -7.5m |
| Capital International Investors | Reduced | -6.2m |
| OAKTREE CAPITAL MANAGEMENT LP | Sold out | -6.1m |
| Fisher Asset Management, LLC | Reduced | -3.4m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Sold out | -3.1m |
| FMR LLC | Reduced | -2.9m |
| Holocene Advisors, LP | Reduced | -2.8m |
| DEUTSCHE BANK AG\ | Reduced | -2.5m |
Biggest calls
| Optiver Holding B.V. | Reduced | $138.8m8.6m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $130.6m8.1m shares |
| D. E. Shaw & Co., Inc. | Added | $86.5m5.4m shares |
| JANE STREET GROUP, LLC | Reduced | $81.0m5.0m shares |
| UBS Group AG | Reduced | $68.3m4.2m shares |
| CITADEL ADVISORS LLC | Reduced | $62.4m3.9m shares |
| SIMPLEX TRADING, LLC | Reduced | $37.7m2.4m shares |
| GROUP ONE TRADING LLC | Added | $33.9m2.1m shares |
| PEAK6 LLC | Reduced | $31.1m1.9m shares |
| CITIGROUP INC | Added | $26.3m1.6m shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $248.7m15.4m shares |
| Optiver Holding B.V. | Added | $169.6m10.5m shares |
| Schonfeld Strategic Advisors LLC | New | $93.2m5.8m shares |
| UBS Group AG | Added | $90.8m5.6m shares |
| CITADEL ADVISORS LLC | Added | $87.8m5.4m shares |
| JANE STREET GROUP, LLC | Added | $63.4m3.9m shares |
| CITIGROUP INC | Reduced | $39.3m2.4m shares |
| GOLDMAN SACHS GROUP INC | Added | $38.8m2.4m shares |
| JPMORGAN CHASE & CO | Reduced | $35.5m2.2m shares |
| GROUP ONE TRADING LLC | Reduced | $25.6m1.6m 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 |
|---|---|
| BlackRock, Inc. 13G · institution +1.6 pts · filed 2026-04-28 | 7.1% |
| GQG Partners LLC 13G · institution +1.2 pts · filed 2026-05-22 | 5.0% |
Insider purchases and sales since 1 Apr 2026
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.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 1 | $9.5k | 1 | $173 | — |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-04-02 | Laureano Angelica Garcia Cobas Chief Commercial Officer · By spouse · PETR4 | Bought | $9.5k1.0k shares |
| 2026-04-01 | Laureano Angelica Garcia Cobas Chief Commercial Officer · By spouse · PETR4 | Sold | $17319 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| GQG Partners LLC 5.81% of their portfolio | 193.2m $3.1bn | Added +19.8m |
| BAILLIE GIFFORD & CO 0.71% of their portfolio | 48.6m $785.7m | Added +4.2m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.29% of their portfolio | 40.2m $649.5m | Added +11.6m |
| Capital International Investors 0.13% of their portfolio | 38.1m $615.2m | Reduced -6.2m |
| Capital World Investors 0.06% of their portfolio | 29.4m $475.4m | Added +15.3m |
| Invesco Ltd. 0.04% of their portfolio | 27.5m $444.1m | Reduced -1.6m |
| LAZARD ASSET MANAGEMENT LLC 0.63% of their portfolio | 25.6m $413.9m | Added +363.3k |
| ARGA Investment Management, LP 7.14% of their portfolio | 17.3m $279.8m | Reduced -368.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio | 16.4m $264.5m | Added +699.2k |
| BlackRock, Inc. 0.00% of their portfolio | 14.7m $237.5m | Reduced -1.3m |
| ACADIAN ASSET MANAGEMENT LLC 0.26% of their portfolio | 13.8m $222.7m | Added +6.3m |
| Itau Unibanco Holding S.A. 4.24% of their portfolio | 13.3m $215.0m | Reduced -7.5m |
| MORGAN STANLEY 0.01% of their portfolio | 12.7m $204.6m | Reduced -7.9m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.12% of their portfolio | 10.8m $174.5m | Reduced -7.5m |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 9.8m $159.0m | Reduced -903.8k |
| Mondrian Investment Partners LTD 2.24% of their portfolio | 9.0m $145.1m | Reduced -2.1m |
| JANE STREET GROUP, LLC 0.09% of their portfolio | 8.8m $142.8m | Added +7.3m |
| RENAISSANCE TECHNOLOGIES LLC 0.20% of their portfolio | 8.8m $141.9m | Added +1.1m |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 8.6m $139.0m | Reduced -372.2k |
| Fisher Asset Management, LLC 0.04% of their portfolio | 8.4m $135.7m | Reduced -3.4m |
| Robeco Institutional Asset Management B.V. 0.15% of their portfolio | 7.8m $125.7m | Reduced -52.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 7.7m $125.1m | Added +7.7m |
| UBS Group AG 0.02% of their portfolio | 7.7m $125.0m | Reduced -1.1m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 7.6m $123.2m | Reduced -1.6m |
| FMR LLC 0.01% of their portfolio | 7.4m $119.9m | Reduced -2.9m |
| Bridgewater Associates, LP 0.43% of their portfolio | 6.5m $105.4m | Added +5.4m |
| Artemis Investment Management LLP 0.92% of their portfolio | 6.4m $103.0m | Added +1.8m |
| Perpetual Ltd 1.37% of their portfolio | 5.9m $96.1m | Added +2.6m |
| STATE STREET CORP 0.00% of their portfolio | 5.4m $89.5m | Reduced -204.7k |
| Carrhae Capital LLP 5.76% of their portfolio | 5.4m $87.5m | New |
| EARNEST PARTNERS LLC 0.30% of their portfolio | 5.2m $84.5m | Reduced -284 |
| SEI INVESTMENTS CO 0.07% of their portfolio | 5.1m $82.4m | Added +1.3m |
| Russell Investments Group, Ltd. 0.07% of their portfolio | 5.0m $80.9m | Reduced -2.2m |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 4.7m $97.1m | Added +1.8m |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 4.6m $74.5m | Added +428.6k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.11% of their portfolio | 4.6m $74.4m | Added +2.9m |
| Schonfeld Strategic Advisors LLC 0.37% of their portfolio | 4.3m $70.3m | Added +4.3m |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 4.3m $69.6m | Reduced -2.5m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.29% of their portfolio | 4.2m $67.9m | Added +3.5m |
| MARSHALL WACE, LLP 0.05% of their portfolio | 3.7m $59.6m | Added +757.7k |
| Capital International, Inc./CA/ 0.37% of their portfolio | 3.2m $52.2m | Reduced -715.3k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 3.1m $50.0m | Added +50.7k |
| DNB Asset Management AS 0.14% of their portfolio | 3.0m $48.5m | Reduced -586.6k |
| Point72 Asset Management, L.P. 0.07% of their portfolio | 3.0m $48.4m | New |
| Cullen Capital Management, LLC 0.46% of their portfolio | 2.9m $47.2m | Added +111.5k |
| Qube Research & Technologies Ltd 0.05% of their portfolio | 2.9m $46.5m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.06% of their portfolio | 2.8m $45.2m | Added +219.0k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.13% of their portfolio | 2.7m $42.9m | Added +1.0m |
| RWC Asset Management LLP 1.61% of their portfolio | 2.6m $42.5m | Added +2.6k |
| TODD ASSET MANAGEMENT LLC 0.73% of their portfolio | 2.6m $41.3m | Reduced -19.8k |
| ASSETMARK, INC 0.07% of their portfolio | 2.5m $40.8m | Added +1.3m |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 2.5m $40.3m | Reduced -275.4k |
| Annex Advisory Services, LLC 0.60% of their portfolio | 2.2m $35.3m | Added +50.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio | 2.0m $32.4m | Added +782.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.8m $29.7m | Reduced -118.3k |
| FEARNLEY ASSET MANAGEMENT AS 9.75% of their portfolio | 1.7m $27.1m | Reduced -48.4k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.18% of their portfolio | 1.6m $26.1m | Unchanged |
| NATIXIS ADVISORS, LLC 0.03% of their portfolio | 1.5m $23.8m | Added +46.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 1.5m $23.5m | Added +1.4m |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 1.5m $23.5m | Reduced -95.7k |
| Allspring Global Investments Holdings, LLC 0.04% of their portfolio | 1.5m $23.2m | Added +21.6k |
| JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio | 1.4m $22.8m | Added +29.1k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.3m $21.4m | Added +66.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 1.2m $19.9m | Added +105.3k |
| TT International Asset Management LTD 2.51% of their portfolio | 1.2m $19.6m | Added +157.8k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 1.2m $19.0m | Reduced -93.0k |
| CITIGROUP INC 0.01% of their portfolio | 1.1m $17.8m | Added +327.7k |
| Campbell & CO Investment Adviser LLC 0.90% of their portfolio | 1.1m $17.1m | New |
| Breakout Capital Partners, LP 9.86% of their portfolio | 999.4k $16.2m | Reduced -183.2k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.07% of their portfolio | 958.1k $15.5m | Reduced -18.2k |
| Gemsstock Ltd. 4.93% of their portfolio | 937.8k $15.2m | New |
| USS Investment Management Ltd 0.06% of their portfolio | 894.1k $14.5m | Unchanged |
| HENNESSY ADVISORS INC 0.44% of their portfolio | 855.4k $13.8m | Added +413.8k |
| HATCH COVE CAPITAL, LLC 5.93% of their portfolio | 826.7k $13.4m | Reduced -147.9k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 767.6k $12.4m | Reduced -210.0k |
| Lumbard & Kellner, LLC 3.48% of their portfolio | 710.1k $11.5m | Added +2.8k |
| DJE Kapital AG 0.21% of their portfolio | 698.0k $11.3m | Reduced -2.4m |
| Y-Intercept (Hong Kong) Ltd 0.22% of their portfolio | 686.0k $11.1m | Added +621.4k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 681.9k $11.0m | Reduced -151.6k |
| LPL Financial LLC 0.00% of their portfolio | 681.0k $11.0m | Added +57.6k |
| HRT FINANCIAL LP 0.03% of their portfolio | 675.5k $10.9m | Reduced -214.6k |
| Thrivent Financial for Lutherans 0.02% of their portfolio | 665.4k $10.8m | Added +267.6k |
| Moran Wealth Management, LLC 0.29% of their portfolio | 664.0k $10.7m | Reduced -35.5k |
| Sagefield Capital LP 0.77% of their portfolio | 644.4k $10.4m | Added +152.9k |
| BTG Pactual Asset Management US LLC 0.74% of their portfolio | 617.7k $10.0m | Added +53.5k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.05% of their portfolio | 617.1k $10.0m | Added +30.3k |
| Capital Wealth Planning, LLC 0.05% of their portfolio | 576.2k $9.3m | New |
| LMR Partners LLP 0.07% of their portfolio | 550.0k $8.9m | Added +328.3k |
| FIDEURAM - INTESA SANPAOLO PRIVATE BANKING S.P.A. 0.26% of their portfolio | 535.1k $8.6m | Reduced -17.2k |
| Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio | 530.4k $8.6m | Added +306.9k |
| PEAK6 LLC 0.21% of their portfolio | 527.6k $8.5m | New |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 519.3k $8.4m | Reduced -13.1k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 519.0k $8.4m | Added +449.0k |
| State of New Jersey Common Pension Fund D 0.03% of their portfolio | 517.1k $8.4m | Reduced -115.0k |
| GROUP ONE TRADING LLC 0.24% of their portfolio | 516.5k $8.3m | Reduced -1.1m |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 507.1k $8.2m | Reduced -5.0k |
| Fideuram Asset Management (Ireland) dac 0.18% of their portfolio | 494.7k $9.3m | Added +482.7k |
| ABBINGTON INVESTMENT GROUP 4.84% of their portfolio | 470.5k $7.6m | Reduced -68.8k |
| Oxbow Advisors, LLC 0.60% of their portfolio | 457.2k $7.4m | Added +6.7k |
| CI INVESTMENTS INC. 0.02% of their portfolio | 437.7k $7.1m | Added +31.0k |