Vault-13

PETROLEO BRASILEIRO SA PETRO PBR

SPONSORED ADR · ADR · CUSIP 71654V408 · ISIN US71654V4086

Brazilian multinational oil and gas corporation

420 institutional holders +7 vs Q4 2022
769,700,776769.7m shares reported held*
$8.1bnreported value*
65 new 130 added 145 reduced 54 sold out net bought ≈ $347.1m (+31.1m 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 ($23.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.46. Options: 28 managers hold calls ($278.5m notional), 27 hold puts ($477.2m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 414Q4 22: 413Q1 23: 420420Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022414
Q4 2022413
Q1 2023420

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q4 22: 182 bought or addedQ4 22: 231 cut or sold outQ4 22Q1 23: 195 bought or addedQ1 23: 199 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022182231
Q1 2023195199

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 1.48Q1 23 calls: $278.5mQ1 23 puts: $477.2mQ1 23P/C 1.71
Numbers
QuarterCallsPutsP/C
Q3 2022$826.0m$1.0bn1.24
Q4 2022$590.2m$871.7m1.48
Q1 2023$278.5m$477.2m1.71

Biggest buyers

FMR LLC Added +41,565,883+41.6m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +9,410,754+9.4m
Optiver Holding B.V. New +3,912,187+3.9m
MILLENNIUM MANAGEMENT LLC Added +3,116,063+3.1m
BANK OF AMERICA CORP /DE/ Added +3,070,001+3.1m
Turiya Advisors Asia Ltd Added +2,496,463+2.5m
TT International Asset Management LTD New +2,474,960+2.5m
GOLDMAN SACHS GROUP INC Added +2,440,512+2.4m
Man Group plc New +2,357,343+2.4m
BNP PARIBAS FINANCIAL MARKETS Added +2,197,740+2.2m

Biggest sellers

NATIONAL BANK OF CANADA /FI/ Reduced -13,697,250-13.7m
Capital Research Global Investors Sold out -11,344,800-11.3m
RENAISSANCE TECHNOLOGIES LLC Reduced -5,687,800-5.7m
Itau Unibanco Holding S.A. Reduced -4,888,951-4.9m
Gemsstock Ltd. Sold out -2,772,600-2.8m
Man Group plc Sold out -2,734,452-2.7m
MARSHALL WACE, LLP Reduced -2,675,498-2.7m
LAZARD ASSET MANAGEMENT LLC Reduced -1,864,272-1.9m
Artemis Investment Management LLP Reduced -1,665,587-1.7m
BAILLIE GIFFORD & CO Reduced -1,436,214-1.4m

Biggest calls

Optiver Holding B.V. Reduced $111.8m10.7m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $49.8m4.8m shares
Caption Management, LLC Reduced $36.3m3.5m shares
CITADEL ADVISORS LLC Reduced $26.5m2.5m shares
SIMPLEX TRADING, LLC Reduced $19.1m1.8m shares
GOLDMAN SACHS GROUP INC Reduced $7.0m675.0k shares
Squarepoint Ops LLC New $6.1m580.3k shares
MILLENNIUM MANAGEMENT LLC Reduced $4.6m441.8k shares
BARCLAYS PLC Reduced $3.8m360.0k shares
P&S Credit Management, L.P. New $3.1m300.0k shares

Biggest puts

Optiver Holding B.V. Added $187.8m18.0m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $144.4m13.8m shares
CITADEL ADVISORS LLC Reduced $44.6m4.3m shares
SIMPLEX TRADING, LLC Reduced $30.3m2.9m shares
GOLDMAN SACHS GROUP INC Reduced $21.3m2.0m shares
Eisler Capital (UK) Ltd. New $20.9m2.0m shares
ROYAL BANK OF CANADA Unchanged $5.0m480.2k shares
MILLENNIUM MANAGEMENT LLC Added $4.6m439.6k shares
Walleye Trading LLC Reduced $3.0m288.2k shares
WOLVERINE TRADING, LLC Reduced $3.0m283.9k 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 Q1 2023

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 2023.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GQG Partners LLC 5.77% of their portfolio FT. LAUDERDALE, FL 211,351,114211.4m $2.2bn $2.2bn 5.77% Added +1.5m +1,489,361
2 FMR LLC 0.05% of their portfolio BOSTON, MA 94,476,53694.5m $985.4m $985.4m 0.05% Added +41.6m +41,565,883
3 BAILLIE GIFFORD & CO 0.54% of their portfolio EDINBURGH, X0 57,673,70357.7m $601.5m $601.5m 0.54% Reduced -1.4m -1,436,214
4 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.56% of their portfolio BOSTON, MA 41,597,23641.6m $433.9m $433.9m 0.56% Reduced -84.2k -84,225
5 LAZARD ASSET MANAGEMENT LLC 0.36% of their portfolio NEW YORK, NY 26,638,96526.6m $277.8m $277.8m 0.36% Reduced -1.9m -1,864,272
6 ARGA Investment Management, LP 7.26% of their portfolio STAMFORD, CT 18,631,55318.6m $194.3m $194.3m 7.26% Added +698.0k +698,049
7 Fisher Asset Management, LLC 0.11% of their portfolio PLANO, TX 17,572,61117.6m $183.3m $183.3m 0.11% Reduced -42.9k -42,852
8 BlackRock Inc. 0.00% of their portfolio New York, NY 15,191,57715.2m $158.4m $158.4m 0.00% Reduced -1.3m -1,335,514
9 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio NEW YORK, NY 14,631,84514.6m $152.6m $152.6m 0.07% Reduced -347.4k -347,400
10 GOLDMAN SACHS GROUP INC 0.04% of their portfolio NEW YORK, NY 14,287,48714.3m $149.0m $149.0m 0.04% Added +2.4m +2,440,512
11 Mondrian Investment Partners LTD 3.07% of their portfolio LONDON, X0 13,319,00313.3m $138.9m $138.9m 3.07% Added +542.0k +541,982
12 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 12,651,85612.7m $132.0m $132.0m 0.02% Added +3.1m +3,070,001
13 SCHRODER INVESTMENT MANAGEMENT GROUP 0.19% of their portfolio London, X0 12,092,92612.1m $126.1m $126.1m 0.19% Reduced -706.9k -706,935
14 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.04% of their portfolio Boston, MA 11,652,75511.7m $121.5m $121.5m 0.04% Added +343.9k +343,883
15 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.17% of their portfolio BALA CYNWYD, PA 10,179,97110.2m $106.2m $106.2m 0.17% Added +9.4m +9,410,754
16 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 9,477,6549.5m $98.9m $98.9m 0.01% Added +2.1m +2,065,426
17 RENAISSANCE TECHNOLOGIES LLC 0.13% of their portfolio NEW YORK, NY 9,222,4009.2m $96.2m $96.2m 0.13% Reduced -5.7m -5,687,800
18 OAKTREE CAPITAL MANAGEMENT LP 0.95% of their portfolio LOS ANGELES, CA 8,062,5398.1m $84.1m $84.1m 0.95% Added +356.6k +356,584
19 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 6,920,6356.9m $72.2m $72.2m 0.02% Reduced -908 -908
20 THORNBURG INVESTMENT MANAGEMENT INC 1.19% of their portfolio SANTA FE, NM 6,912,0216.9m $72.1m $72.1m 1.19% Added +136.0k +136,000
21 Turiya Advisors Asia Ltd 17.52% of their portfolio HONG KONG, K3 6,724,4636.7m $70.1m $70.1m 17.52% Added +2.5m +2,496,463
22 Russell Investments Group, Ltd. 0.13% of their portfolio Seattle, WA 6,518,1886.5m $68.0m $68.0m 0.13% Added +1.0m +1,048,187
23 Robeco Institutional Asset Management B.V. 0.17% of their portfolio ROTTERDAM, P7 6,075,2396.1m $63.4m $63.4m 0.17% Added +1.9m +1,897,825
24 ACADIAN ASSET MANAGEMENT LLC 0.27% of their portfolio Boston, MA 5,948,4635.9m $62.0m $62.0m 0.27% Reduced -470.1k -470,055
25 CONTRARIAN CAPITAL MANAGEMENT, L.L.C. 15.48% of their portfolio Greenwich, CT 5,742,7965.7m $59.9m $59.9m 15.48% Reduced -789.2k -789,225
26 MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio NEW YORK, NY 5,711,7635.7m $59.6m $59.6m 0.07% Added +3.1m +3,116,063
27 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 5,132,2215.1m $53.5m $53.5m 0.00% Reduced -18.5k -18,499
28 CI INVESTMENTS INC. 0.25% of their portfolio TORONTO, Z4 4,815,4564.8m $50.2m $50.2m 0.25% Reduced -91.4k -91,375
29 Grantham, Mayo, Van Otterloo & Co. LLC 0.23% of their portfolio Boston, MA 4,397,2004.4m $45.9m $45.9m 0.23% Added +70.6k +70,600
30 Optiver Holding B.V. 1.89% of their portfolio AMSTERDAM, P7 3,912,1873.9m $40.8m $40.8m 1.89% New
31 TWO SIGMA ADVISERS, LP 0.10% of their portfolio NEW YORK, NY 3,816,5003.8m $39.8m $39.8m 0.10% Added +723.5k +723,500
32 EARNEST PARTNERS LLC 0.20% of their portfolio ATLANTA, GA 3,323,7333.3m $34.7m $34.7m 0.20% Reduced -29.0k -28,996
33 BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio PARIS, I0 3,299,6223.3m $34.4m $34.4m 0.07% Added +2.2m +2,197,740
34 Itau Unibanco Holding S.A. 1.62% of their portfolio SAO PAULO, D5 3,111,2843.1m $32.2m $32.2m 1.62% Reduced -4.9m -4,888,951
35 MACKENZIE FINANCIAL CORP 0.05% of their portfolio TORONTO ONTARIO, A6 2,805,4032.8m $29.3m $29.3m 0.05% Reduced -152.3k -152,329
36 TT International Asset Management LTD 2.83% of their portfolio LONDON, X0 2,474,9602.5m $25.8m $25.8m 2.83% New
37 Man Group plc 0.09% of their portfolio LONDON, X0 2,357,3432.4m $24.6m $24.6m 0.09% New
38 TWO SIGMA INVESTMENTS, LP 0.07% of their portfolio NEW YORK, NY 2,315,0382.3m $24.1m $24.1m 0.07% Added +2.2m +2,161,938
39 Connor, Clark & Lunn Investment Management Ltd. 0.13% of their portfolio VANCOUVER, A1 2,233,4942.2m $23.3m $23.3m 0.13% Added +180.5k +180,544
40 VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio San Antonio, TX 2,023,6582.0m $21.1m $21.1m 0.02% Added +136.7k +136,668
41 Contrarius Investment Management Ltd 1.08% of their portfolio St. Helier, Y9 1,973,7792.0m $20.6m $20.6m 1.08% New
42 TODD ASSET MANAGEMENT LLC 0.49% of their portfolio Louisville, KY 1,953,8602.0m $20.4m $20.4m 0.49% Added +27.8k +27,796
43 NS Partners Ltd 1.07% of their portfolio LONDON, X0 1,827,4651.8m $19.1m $19.1m 1.07% Added +239.6k +239,600
44 Qube Research & Technologies Ltd 0.11% of their portfolio LONDON, X0 1,772,6261.8m $18.5m $18.5m 0.11% New
45 D. E. Shaw & Co., Inc. 0.03% of their portfolio New York, NY 1,768,8811.8m $18.4m $18.4m 0.03% Reduced -514.2k -514,230
46 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,729,7361.7m $18.0m $18.0m 0.00% Reduced -1.0m -1,005,753
47 SIMPLEX TRADING, LLC 0.79% of their portfolio CHICAGO, IL 1,676,7261.7m $17.5m $17.5m 0.79% Added +1.6m +1,575,558
48 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 1,551,0411.6m $16.2m $16.2m 0.01% Reduced -1.4m -1,351,637
49 PLATINUM INVESTMENT MANAGEMENT LTD 0.52% of their portfolio SYDNEY AUSTRALIA 2000, C3 1,443,4751.4m $15.1m $15.1m 0.52% Added +6.4k +6,407
50 SEI INVESTMENTS CO 0.03% of their portfolio OAKS, PA 1,392,8231.4m $14.5m $14.5m 0.03% Added +49.9k +49,903
51 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 1,366,9231.4m $14.3m $14.3m 0.00% Added +328.6k +328,567
52 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 1,313,8761.3m $13.7m $13.7m 0.01% Added +909.6k +909,625
53 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,269,7051.3m $11.3m $11.3m 0.01% Added +97.4k +97,390
54 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 1,237,1951.2m $12.9m $12.9m 0.01% Reduced -1.2m -1,167,027
55 CREDIT AGRICOLE S A 0.53% of their portfolio Montrouge Cedex, I0 1,199,0121.2m $12.5m $12.5m 0.53% Added +224.3k +224,293
56 Alberta Investment Management Corp 0.12% of their portfolio EDMONTON, A0 1,176,5801.2m $12.3m $12.3m 0.12% Added +255.6k +255,580
57 Crossmark Global Holdings, Inc. 0.29% of their portfolio HOUSTON, TX 1,168,1651.2m $12.2m $12.2m 0.29% Added +27.7k +27,719
58 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 1,157,3451.2m $12.1m $12.1m 0.00% Reduced -37.1k -37,082
59 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 1,151,0321.2m $12.1m $12.1m 0.01% Added +215.7k +215,704
60 Moneda S.A. Administradora General de Fondos 12.90% of their portfolio LAS CONDES, SANTIAGO, F3 1,093,5601.1m $11.4m $11.4m 12.90% Reduced -850.9k -850,870
61 Artemis Investment Management LLP 0.14% of their portfolio EDINBURGH, X0 1,093,4381.1m $11.4m $11.4m 0.14% Reduced -1.7m -1,665,587
62 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 1,088,8221.1m $11.4m $11.4m 0.01% Reduced -427.4k -427,367
63 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio JUPITER, FL 1,038,1521.0m $10.8m $10.8m 0.05% Added +63.0k +62,994
64 TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.11% of their portfolio FRANKFORT, KY 1,034,5601.0m $10.8m $10.8m 0.11% Unchanged
65 MONEDA USA, INC. 22.20% of their portfolio New York, NY 1,030,5721.0m $10.7m $10.7m 22.20% Reduced -583.4k -583,419
66 State of New Jersey Common Pension Fund D 0.04% of their portfolio TRENTON, NJ 989,638989.6k $10.3m $10.3m 0.04% Unchanged
67 CMT Capital Markets Trading GmbH 12.47% of their portfolio CHICAGO, IL 985,660985.7k $10.3m $10.3m 12.47% Reduced -791.1k -791,122
68 COMPASS GROUP LLC 3.29% of their portfolio NEW YORK, NY 943,660943.7k $9.8m $9.8m 3.29% Added +200.0k +200,000
69 Eisler Capital (UK) Ltd. 0.83% of their portfolio LONDON, X0 915,973916.0k $9.6m $9.6m 0.83% New
70 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 903,255903.3k $9.4m $9.4m 0.00% Reduced -21.7k -21,677
71 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 893,693893.7k $9.3m $9.3m 0.01% Reduced -1.3m -1,305,688
72 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 878,145878.1k $9.2m $9.2m 0.01% Reduced -340.4k -340,426
73 MACQUARIE GROUP LTD 0.01% of their portfolio Sydney, NSW 2000, C3 868,101868.1k $9.1m $9.1m 0.01% Reduced -144.3k -144,341
74 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 852,090852.1k $8.9m $8.9m 0.01% Added +614.4k +614,384
75 Oaktree Fund Advisors, LLC 8.39% of their portfolio LOS ANGLES, CA 851,211851.2k $8.9m $8.9m 8.39% Added +232.3k +232,303
76 UBS Group AG 0.00% of their portfolio ZURICH, V8 849,014849.0k $8.9m $8.9m 0.00% Reduced -454.9k -454,934
77 Point72 Asset Management, L.P. 0.03% of their portfolio STAMFORD, CT 845,000845.0k $8.8m $8.8m 0.03% Reduced -483.0k -483,000
78 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 824,377824.4k $8.6m $8.6m 0.00% Reduced -86.3k -86,300
79 Cubist Systematic Strategies, LLC 0.07% of their portfolio STAMFORD, CT 770,116770.1k $8.0m $8.0m 0.07% Added +637.1k +637,124
80 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 740,709740.7k $7.7m $7.7m 0.00% Reduced -38.3k -38,308
81 IPG Investment Advisors LLC 1.76% of their portfolio SAN DIEGO, CA 736,935736.9k $7.7m $7.7m 1.76% New
82 USS Investment Management Ltd 0.10% of their portfolio London, X0 686,904686.9k $7.2m $7.2m 0.10% Unchanged
83 Trexquant Investment LP 0.18% of their portfolio STAMFORD, CT 626,457626.5k $6.5m $6.5m 0.18% Added +502.1k +502,095
84 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.04% of their portfolio IRVING, TX 609,696609.7k $6.4m $6.4m 0.04% Added +77.5k +77,521
85 NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio MONTREAL, A8 584,345584.3k $6.4m $6.4m 0.02% Reduced -13.7m -13,697,250
86 Squarepoint Ops LLC 0.04% of their portfolio NEW YORK, NY 572,409572.4k $6.0m $6.0m 0.04% New
87 HENNESSY ADVISORS INC 0.44% of their portfolio NOVATO, CA 566,500566.5k $5.9m $5.9m 0.44% New
88 Centric Wealth Management 2.50% of their portfolio CHICAGO, IL 551,585551.6k $5.8m $5.8m 2.50% New
89 Amundi 0.00% of their portfolio Paris, I0 550,000550.0k $6.0m $6.0m 0.00% Added +300.0k +300,000
90 Leonteq Securities AG 0.52% of their portfolio ZURICH, V8 539,103539.1k $5.6m $5.6m 0.52% Added +30.8k +30,805
91 Jump Financial, LLC 0.23% of their portfolio Chicago, IL 536,084536.1k $5.6m $5.6m 0.23% New
92 Parkwood LLC 1.02% of their portfolio CLEVELAND, OH 526,273526.3k $5.5m $5.5m 1.02% Reduced -166.6k -166,621
93 PINEBRIDGE INVESTMENTS, L.P. 0.06% of their portfolio NEW YORK, NY 512,826512.8k $5.3m $5.3m 0.06% Unchanged
94 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.07% of their portfolio Madrid, U3 498,921498.9k $5.2m $5.2m 0.07% Reduced -814.5k -814,496
95 Qtron Investments LLC 1.07% of their portfolio Boston, MA 497,111497.1k $5.2m $5.2m 1.07% Added +5.3k +5,291
96 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 471,267471.3k $4.9m $4.9m 0.00% Added +177.6k +177,629
97 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 449,826449.8k $4.7m $4.7m 0.00% Reduced -67.8k -67,775
98 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.07% of their portfolio Stamford, CT 447,056447.1k $4.7m $4.7m 0.07% Added +32.7k +32,710
99 TOCQUEVILLE ASSET MANAGEMENT L.P. 0.09% of their portfolio New York, NY 445,270445.3k $4.6m $4.6m 0.09% New
100 Schonfeld Strategic Advisors LLC 0.04% of their portfolio NEW YORK, NY 442,300442.3k $4.6m $4.6m 0.04% New