Vault-13

PETROLEO BRASILEIRO SA PETRO PBR

SPONSORED ADR · ADR · CUSIP 71654V408 · ISIN US71654V4086

Brazilian multinational oil and gas corporation

413 institutional holders -1 vs Q3 2022
742,837,101742.8m shares reported held*
$7.9bnreported value*
60 new 122 added 158 reduced 73 sold out net sold ≈ $625.9m (-58.6m 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 ($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

0200400600Q3 22: 414Q4 22: 413413Q3 22Q4 22
Numbers
QuarterHolders
Q3 2022414
Q4 2022413

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bnQ3 22 calls: $826.0mQ3 22 puts: $1.0bnQ3 22P/C 1.24Q4 22 calls: $590.2mQ4 22 puts: $871.7mQ4 22P/C 1.48
Numbers
QuarterCallsPutsP/C
Q3 2022$826.0m$1.0bn1.24
Q4 2022$590.2m$871.7m1.48

Biggest buyers

NATIONAL BANK OF CANADA /FI/ Added +13,936,150+13.9m
Mondrian Investment Partners LTD Added +7,730,286+7.7m
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Added +7,322,839+7.3m
BANK OF AMERICA CORP /DE/ Added +6,048,307+6.0m
Turiya Advisors Asia Ltd New +4,228,000+4.2m
Robeco Institutional Asset Management B.V. New +4,177,414+4.2m
Capital Research Global Investors Added +3,493,171+3.5m
Gemsstock Ltd. New +2,772,600+2.8m
MARSHALL WACE, LLP Added +2,258,525+2.3m
FMR LLC Added +2,200,767+2.2m

Biggest sellers

TWO SIGMA INVESTMENTS, LP Reduced -12,947,896-12.9m
SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -12,927,461-12.9m
MORGAN STANLEY Reduced -9,212,659-9.2m
GOLDMAN SACHS GROUP INC Reduced -9,037,897-9.0m
TWO SIGMA ADVISERS, LP Reduced -7,715,100-7.7m
RENAISSANCE TECHNOLOGIES LLC Reduced -5,342,900-5.3m
Coronation Fund Managers Ltd. Sold out -5,117,173-5.1m
PRINCIPAL FINANCIAL GROUP INC Sold out -4,779,006-4.8m
Capital World Investors Sold out -4,477,135-4.5m
GQG Partners LLC Reduced -4,302,590-4.3m

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.

HolderStakeChangeShares Last filed
BlackRock, Inc. 13G · institution +1.6 pts · filed 2026-04-28 7.1% +1.6 pts 388.9m 2026-04-28
GQG Partners LLC 13G · institution +1.2 pts · filed 2026-05-22 5.0% +1.2 pts 0 2026-05-22

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GQG Partners LLC 6.04% of their portfolio FT. LAUDERDALE, FL 209,861,753209.9m $2.2bn $2.2bn 6.04% Reduced -4.3m -4,302,590
2 BAILLIE GIFFORD & CO 0.66% of their portfolio EDINBURGH, X0 59,109,91759.1m $629.5m $629.5m 0.66% Reduced -2.5m -2,516,846
3 FMR LLC 0.06% of their portfolio BOSTON, MA 52,910,65352.9m $563.5m $563.5m 0.06% Added +2.2m +2,200,767
4 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.62% of their portfolio BOSTON, MA 41,681,46141.7m $443.9m $443.9m 0.62% Reduced -1.7m -1,662,357
5 LAZARD ASSET MANAGEMENT LLC 0.42% of their portfolio NEW YORK, NY 28,503,23728.5m $303.6m $303.6m 0.42% Reduced -1.1m -1,144,386
6 ARGA Investment Management, LP 8.15% of their portfolio STAMFORD, CT 17,933,50417.9m $191.0m $191.0m 8.15% Added +1.9m +1,878,854
7 Fisher Asset Management, LLC 0.13% of their portfolio PLANO, TX 17,615,46317.6m $187.6m $187.6m 0.13% Reduced -2.5m -2,516,895
8 BlackRock Inc. 0.01% of their portfolio New York, NY 16,527,09116.5m $176.0m $176.0m 0.01% Reduced -1.7m -1,691,931
9 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.08% of their portfolio NEW YORK, NY 14,979,24515.0m $159.5m $159.5m 0.08% Reduced -3.6m -3,587,511
10 RENAISSANCE TECHNOLOGIES LLC 0.22% of their portfolio NEW YORK, NY 14,910,20014.9m $158.8m $158.8m 0.22% Reduced -5.3m -5,342,900
11 NATIONAL BANK OF CANADA /FI/ 0.41% of their portfolio MONTREAL, A8 14,281,59514.3m $152.1m $152.1m 0.41% Added +13.9m +13,936,150
12 SCHRODER INVESTMENT MANAGEMENT GROUP 0.22% of their portfolio London, X0 12,799,86112.8m $136.3m $136.3m 0.22% Reduced -12.9m -12,927,461
13 Mondrian Investment Partners LTD 3.01% of their portfolio LONDON, X0 12,777,02112.8m $136.1m $136.1m 3.01% Added +7.7m +7,730,286
14 GOLDMAN SACHS GROUP INC 0.04% of their portfolio NEW YORK, NY 11,846,97511.8m $126.2m $126.2m 0.04% Reduced -9.0m -9,037,897
15 Capital Research Global Investors 0.04% of their portfolio Los Angeles, CA 11,344,80011.3m $120.8m $120.8m 0.04% Added +3.5m +3,493,171
16 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.04% of their portfolio Boston, MA 11,308,87211.3m $120.4m $120.4m 0.04% Added +7.3m +7,322,839
17 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 9,581,8559.6m $102.0m $102.0m 0.01% Added +6.0m +6,048,307
18 Itau Unibanco Holding S.A. 3.45% of their portfolio SAO PAULO, D5 8,000,2358.0m $84.6m $84.6m 3.45% Added +227.1k +227,090
19 OAKTREE CAPITAL MANAGEMENT LP 0.89% of their portfolio LOS ANGELES, CA 7,705,9557.7m $82.1m $82.1m 0.89% Added +928.4k +928,378
20 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 7,412,2287.4m $78.9m $78.9m 0.01% Reduced -9.2m -9,212,659
21 DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio AUSTIN, TX 6,921,5436.9m $73.7m $73.7m 0.03% Added +15.0k +15,018
22 THORNBURG INVESTMENT MANAGEMENT INC 1.22% of their portfolio SANTA FE, NM 6,776,0216.8m $72.2m $72.2m 1.22% Reduced -745.8k -745,835
23 CONTRARIAN CAPITAL MANAGEMENT, L.L.C. 17.28% of their portfolio Greenwich, CT 6,532,0216.5m $69.6m $69.6m 17.28% Unchanged
24 ACADIAN ASSET MANAGEMENT LLC 0.34% of their portfolio Boston, MA 6,418,5186.4m $68.3m $68.3m 0.34% Reduced -393.8k -393,777
25 Russell Investments Group, Ltd. 0.12% of their portfolio Seattle, WA 5,470,0015.5m $58.3m $58.3m 0.12% Reduced -595.3k -595,315
26 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 5,150,7205.2m $54.9m $54.9m 0.00% Reduced -242.1k -242,125
27 CI INVESTMENTS INC. 0.26% of their portfolio TORONTO, Z4 4,906,8314.9m $52.3m $52.3m 0.26% Added +1.1m +1,077,590
28 Grantham, Mayo, Van Otterloo & Co. LLC 0.25% of their portfolio Boston, MA 4,326,6004.3m $46.1m $46.1m 0.25% Added +806.4k +806,400
29 Turiya Advisors Asia Ltd 12.54% of their portfolio HONG KONG, K3 4,228,0004.2m $45.0m $45.0m 12.54% New
30 Robeco Institutional Asset Management B.V. 0.13% of their portfolio ROTTERDAM, P7 4,177,4144.2m $44.5m $44.5m 0.13% New
31 Pendal Group Ltd 0.34% of their portfolio SYDNEY, C3 3,689,5953.7m $39.3m $39.3m 0.34% Added +131.5k +131,526
32 EARNEST PARTNERS LLC 0.22% of their portfolio ATLANTA, GA 3,352,7293.4m $35.7m $35.7m 0.22% Reduced -56.4k -56,360
33 TWO SIGMA ADVISERS, LP 0.09% of their portfolio NEW YORK, NY 3,093,0003.1m $32.9m $32.9m 0.09% Reduced -7.7m -7,715,100
34 MACKENZIE FINANCIAL CORP 0.05% of their portfolio TORONTO ONTARIO, A6 2,957,7323.0m $31.5m $31.5m 0.05% Added +1.3m +1,278,134
35 DEUTSCHE BANK AG\ 0.02% of their portfolio FRANKFURT AM MAIN, 2M 2,902,6782.9m $30.9m $30.9m 0.02% Added +153.4k +153,411
36 MARSHALL WACE, LLP 0.08% of their portfolio LONDON, X0 2,889,6022.9m $30.8m $30.8m 0.08% Added +2.3m +2,258,525
37 Gemsstock Ltd. 23.50% of their portfolio London, X0 2,772,6002.8m $29.5m $29.5m 23.50% New
38 Artemis Investment Management LLP 0.33% of their portfolio EDINBURGH, X0 2,759,0252.8m $29.5m $29.5m 0.33% Reduced -503.7k -503,705
39 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,735,4892.7m $29.1m $29.1m 0.00% Reduced -1.8m -1,819,240
40 Man Group plc 0.10% of their portfolio LONDON, X0 2,734,4522.7m $29.1m $29.1m 0.10% Reduced -110.5k -110,521
41 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 2,595,7002.6m $27.6m $27.6m 0.03% Reduced -540.3k -540,318
42 FIRST TRUST ADVISORS LP 0.03% of their portfolio Wheaton, IL 2,404,2222.4m $25.6m $25.6m 0.03% Added +971.3k +971,335
43 D. E. Shaw & Co., Inc. 0.04% of their portfolio New York, NY 2,283,1112.3m $24.3m $24.3m 0.04% Reduced -1.8m -1,816,301
44 BARCLAYS PLC 0.02% of their portfolio LONDON, X0 2,199,3812.2m $23.4m $23.4m 0.02% First filing
45 Connor, Clark & Lunn Investment Management Ltd. 0.13% of their portfolio VANCOUVER, A1 2,052,9502.1m $21.9m $21.9m 0.13% Reduced -854.8k -854,822
46 Moneda S.A. Administradora General de Fondos 17.12% of their portfolio LAS CONDES, SANTIAGO, F3 1,944,4301.9m $20.7m $20.7m 17.12% Reduced -775.9k -775,927
47 TODD ASSET MANAGEMENT LLC 0.50% of their portfolio Louisville, KY 1,926,0641.9m $20.5m $20.5m 0.50% Reduced -261.8k -261,813
48 VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio San Antonio, TX 1,886,9901.9m $20.1m $20.1m 0.02% Reduced -1.6m -1,572,167
49 CMT Capital Markets Trading GmbH 10.54% of their portfolio CHICAGO, IL 1,776,7821.8m $18.9m $18.9m 10.54% Added +63.5k +63,548
50 MONEDA USA, INC. 27.11% of their portfolio New York, NY 1,613,9911.6m $17.2m $17.2m 27.11% Reduced -738.6k -738,575
51 NS Partners Ltd 1.02% of their portfolio LONDON, X0 1,587,8651.6m $16.9m $16.9m 1.02% Added +70.9k +70,928
52 CREDIT SUISSE AG/ 0.02% of their portfolio ZURICH, V8 1,516,1891.5m $16.1m $16.1m 0.02% Added +406.0k +406,022
53 PLATINUM INVESTMENT MANAGEMENT LTD 0.58% of their portfolio SYDNEY AUSTRALIA 2000, C3 1,437,0681.4m $15.3m $15.3m 0.58% Added +1.4m +1,424,692
54 SEI INVESTMENTS CO 0.03% of their portfolio OAKS, PA 1,342,9201.3m $14.3m $14.3m 0.03% Reduced -42.0k -42,025
55 Point72 Asset Management, L.P. 0.05% of their portfolio STAMFORD, CT 1,328,0001.3m $14.1m $14.1m 0.05% New
56 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.20% of their portfolio Madrid, U3 1,313,4171.3m $13.9m $13.9m 0.20% Added +820.2k +820,172
57 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,303,9481.3m $13.9m $13.9m 0.01% Reduced -251.2k -251,211
58 HSBC HOLDINGS PLC 0.02% of their portfolio LONDON, X0 1,218,5711.2m $13.0m $13.0m 0.02% Added +162.5k +162,492
59 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 1,194,4271.2m $12.7m $12.7m 0.00% Added +36.5k +36,456
60 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,172,3151.2m $12.5m $12.5m 0.01% Added +78.9k +78,915
61 Crossmark Global Holdings, Inc. 0.30% of their portfolio HOUSTON, TX 1,140,4461.1m $12.1m $12.1m 0.30% Added +31.0k +30,959
62 BLOOM TREE PARTNERS, LLC 6.30% of their portfolio NEW YORK, NY 1,114,2601.1m $11.9m $11.9m 6.30% New
63 BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio PARIS, I0 1,101,8821.1m $11.7m $11.7m 0.03% New
64 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 1,038,3561.0m $11.1m $11.1m 0.00% Added +270.9k +270,902
65 TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.12% of their portfolio FRANKFORT, KY 1,034,5601.0m $11.0m $11.0m 0.12% Reduced -238.2k -238,200
66 MACQUARIE GROUP LTD 0.01% of their portfolio Sydney, NSW 2000, C3 1,012,4421.0m $10.8m $10.8m 0.01% Reduced -28.9k -28,866
67 Balyasny Asset Management L.P. 0.04% of their portfolio Chicago, IL 1,004,1571.0m $10.7m $10.7m 0.04% New
68 MASTERS CAPITAL MANAGEMENT LLC 2.63% of their portfolio ATLANTA, GA 1,000,0001.0m $10.7m $10.7m 2.63% New
69 State of New Jersey Common Pension Fund D 0.04% of their portfolio TRENTON, NJ 989,638989.6k $10.5m $10.5m 0.04% Reduced -141.9k -141,865
70 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio JUPITER, FL 975,158975.2k $10.4m $10.4m 0.06% Reduced -1.8m -1,826,771
71 CREDIT AGRICOLE S A 0.38% of their portfolio Montrouge Cedex, I0 974,719974.7k $10.4m $10.4m 0.38% Added +100.4k +100,438
72 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 935,328935.3k $10.0m $10.0m 0.01% Added +385.8k +385,824
73 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 924,932924.9k $9.9m $9.9m 0.00% Reduced -92.1k -92,134
74 Alberta Investment Management Corp 0.09% of their portfolio EDMONTON, A0 921,000921.0k $9.8m $9.8m 0.09% Reduced -205.2k -205,200
75 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 910,677910.7k $9.7m $9.7m 0.00% Reduced -311.0k -311,006
76 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 825,030825.0k $8.8m $8.8m 0.01% New
77 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 779,017779.0k $8.3m $8.3m 0.00% Added +8.2k +8,189
78 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 769,217769.2k $8.2m $8.2m 0.02% Reduced -253.2k -253,216
79 COMPASS GROUP LLC 2.62% of their portfolio NEW YORK, NY 743,660743.7k $7.9m $7.9m 2.62% Reduced -151.7k -151,693
80 Parkwood LLC 1.50% of their portfolio CLEVELAND, OH 692,894692.9k $7.4m $7.4m 1.50% Reduced -23.5k -23,509
81 USS Investment Management Ltd 0.11% of their portfolio London, X0 686,904686.9k $7.3m $7.3m 0.11% Unchanged
82 Oaktree Fund Advisors, LLC 9.85% of their portfolio LOS ANGLES, CA 618,908618.9k $6.6m $6.6m 9.85% Added +17.4k +17,404
83 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.03% of their portfolio IRVING, TX 532,175532.2k $5.7m $5.7m 0.03% Reduced -30.9k -30,906
84 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 517,601517.6k $5.5m $5.5m 0.00% Reduced -40.8k -40,847
85 PINEBRIDGE INVESTMENTS, L.P. 0.07% of their portfolio NEW YORK, NY 512,826512.8k $5.5m $5.5m 0.07% Reduced -4.4k -4,434
86 Leonteq Securities AG 0.29% of their portfolio ZURICH, V8 508,298508.3k $5.4m $5.4m 0.29% Reduced -73.9k -73,856
87 Qtron Investments LLC 1.10% of their portfolio Boston, MA 491,820491.8k $5.2m $5.2m 1.10% Reduced -33.5k -33,458
88 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 445,022445.0k $4.7m $4.7m 0.01% Reduced -1.3m -1,260,794
89 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 420,941420.9k $4.5m $4.5m 0.00% Added +387.4k +387,389
90 Aberdeen Group plc 0.01% of their portfolio EDINBURGH, X0 415,920415.9k $4.4m $4.4m 0.01% Added +392.9k +392,916
91 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.07% of their portfolio Stamford, CT 414,346414.3k $4.4m $4.4m 0.07% Reduced -411.3k -411,330
92 Employees Retirement System of Texas 0.06% of their portfolio AUSTIN, TX 408,464408.5k $4.3m $4.3m 0.06% Added +8.0k +8,021
93 Vontobel Holding Ltd. 0.04% of their portfolio ZURICH, V8 405,988406.0k $4.3m $4.3m 0.04% Added +206.9k +206,940
94 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 404,251404.3k $4.3m $4.3m 0.00% Reduced -1.8m -1,823,542
95 Daiwa Securities Group Inc. 0.03% of their portfolio CHIYODA-KU,TOKYO, M0 388,368388.4k $4.1m $4.1m 0.03% Reduced -19.2k -19,156
96 Capital International Investors 0.00% of their portfolio Los Angeles, CA 371,291371.3k $4.0m $4.0m 0.00% Reduced -72 -72
97 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 340,384340.4k $3.6m $3.6m 0.01% Reduced -5.8k -5,789
98 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 330,287330.3k $3.5m $3.5m 0.01% Added +256.3k +256,251
99 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 314,033314.0k $3.3m $3.3m 0.01% Added +260.6k +260,567
100 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 306,931306.9k $3.3m $3.3m 0.00% Added +177.0k +176,966