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 ($21.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.65. Options: 32 managers hold calls ($590.2m notional), 34 hold puts ($871.7m).
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 414 |
| Q4 2022 | 413 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $826.0m | $1.0bn | 1.24 |
| Q4 2022 | $590.2m | $871.7m | 1.48 |
Biggest buyers
| NATIONAL BANK OF CANADA /FI/ | Added | +13.9m |
| Mondrian Investment Partners LTD | Added | +7.7m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Added | +7.3m |
| BANK OF AMERICA CORP /DE/ | Added | +6.0m |
| Turiya Advisors Asia Ltd | New | +4.2m |
| Robeco Institutional Asset Management B.V. | New | +4.2m |
| Capital Research Global Investors | Added | +3.5m |
| Gemsstock Ltd. | New | +2.8m |
| MARSHALL WACE, LLP | Added | +2.3m |
| FMR LLC | Added | +2.2m |
Biggest sellers
| TWO SIGMA INVESTMENTS, LP | Reduced | -12.9m |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Reduced | -12.9m |
| MORGAN STANLEY | Reduced | -9.2m |
| GOLDMAN SACHS GROUP INC | Reduced | -9.0m |
| TWO SIGMA ADVISERS, LP | Reduced | -7.7m |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -5.3m |
| Coronation Fund Managers Ltd. | Sold out | -5.1m |
| PRINCIPAL FINANCIAL GROUP INC | Sold out | -4.8m |
| Capital World Investors | Sold out | -4.5m |
| GQG Partners LLC | Reduced | -4.3m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $151.9m14.3m shares |
| Optiver Holding B.V. | Reduced | $140.9m13.2m shares |
| GOLDMAN SACHS GROUP INC | Reduced | $115.2m10.8m shares |
| CITADEL ADVISORS LLC | Reduced | $44.1m4.1m shares |
| Caption Management, LLC | Added | $37.5m3.5m shares |
| SIMPLEX TRADING, LLC | Added | $30.2m2.8m shares |
| BARCLAYS PLC | First filing | $18.8m1.8m shares |
| MASTERS CAPITAL MANAGEMENT LLC | New | $10.7m1.0m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $7.0m659.1k shares |
| JANE STREET GROUP, LLC | Added | $6.8m634.4k shares |
Biggest puts
| GOLDMAN SACHS GROUP INC | Added | $288.3m27.1m shares |
| Optiver Holding B.V. | Reduced | $181.5m17.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $145.0m13.6m shares |
| CITADEL ADVISORS LLC | Reduced | $63.9m6.0m shares |
| UBS Group AG | Reduced | $39.1m3.7m shares |
| SIMPLEX TRADING, LLC | Reduced | $35.6m3.4m shares |
| JANE STREET GROUP, LLC | Reduced | $30.8m2.9m shares |
| BARCLAYS PLC | First filing | $14.3m1.3m shares |
| WOLVERINE TRADING, LLC | Reduced | $11.5m1.1m shares |
| D. E. Shaw & Co., Inc. | Unchanged | $10.7m1.0m 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 in Q4 2022
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 2022.
Holders, Q4 2022
| Manager | Shares | Change |
|---|---|---|
| GQG Partners LLC 6.04% of their portfolio | 209.9m $2.2bn | Reduced -4.3m |
| BAILLIE GIFFORD & CO 0.66% of their portfolio | 59.1m $629.5m | Reduced -2.5m |
| FMR LLC 0.06% of their portfolio | 52.9m $563.5m | Added +2.2m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.62% of their portfolio | 41.7m $443.9m | Reduced -1.7m |
| LAZARD ASSET MANAGEMENT LLC 0.42% of their portfolio | 28.5m $303.6m | Reduced -1.1m |
| ARGA Investment Management, LP 8.15% of their portfolio | 17.9m $191.0m | Added +1.9m |
| Fisher Asset Management, LLC 0.13% of their portfolio | 17.6m $187.6m | Reduced -2.5m |
| BlackRock Inc. 0.01% of their portfolio | 16.5m $176.0m | Reduced -1.7m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.08% of their portfolio | 15.0m $159.5m | Reduced -3.6m |
| RENAISSANCE TECHNOLOGIES LLC 0.22% of their portfolio | 14.9m $158.8m | Reduced -5.3m |
| NATIONAL BANK OF CANADA /FI/ 0.41% of their portfolio | 14.3m $152.1m | Added +13.9m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.22% of their portfolio | 12.8m $136.3m | Reduced -12.9m |
| Mondrian Investment Partners LTD 3.01% of their portfolio | 12.8m $136.1m | Added +7.7m |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 11.8m $126.2m | Reduced -9.0m |
| Capital Research Global Investors 0.04% of their portfolio | 11.3m $120.8m | Added +3.5m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.04% of their portfolio | 11.3m $120.4m | Added +7.3m |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 9.6m $102.0m | Added +6.0m |
| Itau Unibanco Holding S.A. 3.45% of their portfolio | 8.0m $84.6m | Added +227.1k |
| OAKTREE CAPITAL MANAGEMENT LP 0.89% of their portfolio | 7.7m $82.1m | Added +928.4k |
| MORGAN STANLEY 0.01% of their portfolio | 7.4m $78.9m | Reduced -9.2m |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 6.9m $73.7m | Added +15.0k |
| THORNBURG INVESTMENT MANAGEMENT INC 1.22% of their portfolio | 6.8m $72.2m | Reduced -745.8k |
| CONTRARIAN CAPITAL MANAGEMENT, L.L.C. 17.28% of their portfolio | 6.5m $69.6m | Unchanged |
| ACADIAN ASSET MANAGEMENT LLC 0.34% of their portfolio | 6.4m $68.3m | Reduced -393.8k |
| Russell Investments Group, Ltd. 0.12% of their portfolio | 5.5m $58.3m | Reduced -595.3k |
| STATE STREET CORP 0.00% of their portfolio | 5.2m $54.9m | Reduced -242.1k |
| CI INVESTMENTS INC. 0.26% of their portfolio | 4.9m $52.3m | Added +1.1m |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.25% of their portfolio | 4.3m $46.1m | Added +806.4k |
| Turiya Advisors Asia Ltd 12.54% of their portfolio | 4.2m $45.0m | New |
| Robeco Institutional Asset Management B.V. 0.13% of their portfolio | 4.2m $44.5m | New |
| Pendal Group Ltd 0.34% of their portfolio | 3.7m $39.3m | Added +131.5k |
| EARNEST PARTNERS LLC 0.22% of their portfolio | 3.4m $35.7m | Reduced -56.4k |
| TWO SIGMA ADVISERS, LP 0.09% of their portfolio | 3.1m $32.9m | Reduced -7.7m |
| MACKENZIE FINANCIAL CORP 0.05% of their portfolio | 3.0m $31.5m | Added +1.3m |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 2.9m $30.9m | Added +153.4k |
| MARSHALL WACE, LLP 0.08% of their portfolio | 2.9m $30.8m | Added +2.3m |
| Gemsstock Ltd. 23.50% of their portfolio | 2.8m $29.5m | New |
| Artemis Investment Management LLP 0.33% of their portfolio | 2.8m $29.5m | Reduced -503.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 2.7m $29.1m | Reduced -1.8m |
| Man Group plc 0.10% of their portfolio | 2.7m $29.1m | Reduced -110.5k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 2.6m $27.6m | Reduced -540.3k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 2.4m $25.6m | Added +971.3k |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 2.3m $24.3m | Reduced -1.8m |
| BARCLAYS PLC 0.02% of their portfolio | 2.2m $23.4m | First filing |
| Connor, Clark & Lunn Investment Management Ltd. 0.13% of their portfolio | 2.1m $21.9m | Reduced -854.8k |
| Moneda S.A. Administradora General de Fondos 17.12% of their portfolio | 1.9m $20.7m | Reduced -775.9k |
| TODD ASSET MANAGEMENT LLC 0.50% of their portfolio | 1.9m $20.5m | Reduced -261.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 1.9m $20.1m | Reduced -1.6m |
| CMT Capital Markets Trading GmbH 10.54% of their portfolio | 1.8m $18.9m | Added +63.5k |
| MONEDA USA, INC. 27.11% of their portfolio | 1.6m $17.2m | Reduced -738.6k |
| NS Partners Ltd 1.02% of their portfolio | 1.6m $16.9m | Added +70.9k |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 1.5m $16.1m | Added +406.0k |
| PLATINUM INVESTMENT MANAGEMENT LTD 0.58% of their portfolio | 1.4m $15.3m | Added +1.4m |
| SEI INVESTMENTS CO 0.03% of their portfolio | 1.3m $14.3m | Reduced -42.0k |
| Point72 Asset Management, L.P. 0.05% of their portfolio | 1.3m $14.1m | New |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.20% of their portfolio | 1.3m $13.9m | Added +820.2k |
| UBS Group AG 0.01% of their portfolio | 1.3m $13.9m | Reduced -251.2k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 1.2m $13.0m | Added +162.5k |
| VANGUARD GROUP INC 0.00% of their portfolio | 1.2m $12.7m | Added +36.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 1.2m $12.5m | Added +78.9k |
| Crossmark Global Holdings, Inc. 0.30% of their portfolio | 1.1m $12.1m | Added +31.0k |
| BLOOM TREE PARTNERS, LLC 6.30% of their portfolio | 1.1m $11.9m | New |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 1.1m $11.7m | New |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 1.0m $11.1m | Added +270.9k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.12% of their portfolio | 1.0m $11.0m | Reduced -238.2k |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 1.0m $10.8m | Reduced -28.9k |
| Balyasny Asset Management L.P. 0.04% of their portfolio | 1.0m $10.7m | New |
| MASTERS CAPITAL MANAGEMENT LLC 2.63% of their portfolio | 1.0m $10.7m | New |
| State of New Jersey Common Pension Fund D 0.04% of their portfolio | 989.6k $10.5m | Reduced -141.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio | 975.2k $10.4m | Reduced -1.8m |
| CREDIT AGRICOLE S A 0.38% of their portfolio | 974.7k $10.4m | Added +100.4k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 935.3k $10.0m | Added +385.8k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 924.9k $9.9m | Reduced -92.1k |
| Alberta Investment Management Corp 0.09% of their portfolio | 921.0k $9.8m | Reduced -205.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 910.7k $9.7m | Reduced -311.0k |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 825.0k $8.8m | New |
| Invesco Ltd. 0.00% of their portfolio | 779.0k $8.3m | Added +8.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 769.2k $8.2m | Reduced -253.2k |
| COMPASS GROUP LLC 2.62% of their portfolio | 743.7k $7.9m | Reduced -151.7k |
| Parkwood LLC 1.50% of their portfolio | 692.9k $7.4m | Reduced -23.5k |
| USS Investment Management Ltd 0.11% of their portfolio | 686.9k $7.3m | Unchanged |
| Oaktree Fund Advisors, LLC 9.85% of their portfolio | 618.9k $6.6m | Added +17.4k |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.03% of their portfolio | 532.2k $5.7m | Reduced -30.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 517.6k $5.5m | Reduced -40.8k |
| PINEBRIDGE INVESTMENTS, L.P. 0.07% of their portfolio | 512.8k $5.5m | Reduced -4.4k |
| Leonteq Securities AG 0.29% of their portfolio | 508.3k $5.4m | Reduced -73.9k |
| Qtron Investments LLC 1.10% of their portfolio | 491.8k $5.2m | Reduced -33.5k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 445.0k $4.7m | Reduced -1.3m |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 420.9k $4.5m | Added +387.4k |
| Aberdeen Group plc 0.01% of their portfolio | 415.9k $4.4m | Added +392.9k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.07% of their portfolio | 414.3k $4.4m | Reduced -411.3k |
| Employees Retirement System of Texas 0.06% of their portfolio | 408.5k $4.3m | Added +8.0k |
| Vontobel Holding Ltd. 0.04% of their portfolio | 406.0k $4.3m | Added +206.9k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 404.3k $4.3m | Reduced -1.8m |
| Daiwa Securities Group Inc. 0.03% of their portfolio | 388.4k $4.1m | Reduced -19.2k |
| Capital International Investors 0.00% of their portfolio | 371.3k $4.0m | Reduced -72 |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 340.4k $3.6m | Reduced -5.8k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 330.3k $3.5m | Added +256.3k |
| US BANCORP \DE\ 0.01% of their portfolio | 314.0k $3.3m | Added +260.6k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 306.9k $3.3m | Added +177.0k |