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 ($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
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 414 |
| Q4 2022 | 413 |
| Q1 2023 | 420 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 182 | 231 |
| Q1 2023 | 195 | 199 |
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 |
| Q1 2023 | $278.5m | $477.2m | 1.71 |
Biggest buyers
| FMR LLC | Added | +41.6m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +9.4m |
| Optiver Holding B.V. | New | +3.9m |
| MILLENNIUM MANAGEMENT LLC | Added | +3.1m |
| BANK OF AMERICA CORP /DE/ | Added | +3.1m |
| Turiya Advisors Asia Ltd | Added | +2.5m |
| TT International Asset Management LTD | New | +2.5m |
| GOLDMAN SACHS GROUP INC | Added | +2.4m |
| Man Group plc | New | +2.4m |
| BNP PARIBAS FINANCIAL MARKETS | Added | +2.2m |
Biggest sellers
| NATIONAL BANK OF CANADA /FI/ | Reduced | -13.7m |
| Capital Research Global Investors | Sold out | -11.3m |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -5.7m |
| Itau Unibanco Holding S.A. | Reduced | -4.9m |
| Gemsstock Ltd. | Sold out | -2.8m |
| Man Group plc | Sold out | -2.7m |
| MARSHALL WACE, LLP | Reduced | -2.7m |
| LAZARD ASSET MANAGEMENT LLC | Reduced | -1.9m |
| Artemis Investment Management LLP | Reduced | -1.7m |
| BAILLIE GIFFORD & CO | Reduced | -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.
| 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 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
| Manager | Shares | Change |
|---|---|---|
| GQG Partners LLC 5.77% of their portfolio | 211.4m $2.2bn | Added +1.5m |
| FMR LLC 0.05% of their portfolio | 94.5m $985.4m | Added +41.6m |
| BAILLIE GIFFORD & CO 0.54% of their portfolio | 57.7m $601.5m | Reduced -1.4m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.56% of their portfolio | 41.6m $433.9m | Reduced -84.2k |
| LAZARD ASSET MANAGEMENT LLC 0.36% of their portfolio | 26.6m $277.8m | Reduced -1.9m |
| ARGA Investment Management, LP 7.26% of their portfolio | 18.6m $194.3m | Added +698.0k |
| Fisher Asset Management, LLC 0.11% of their portfolio | 17.6m $183.3m | Reduced -42.9k |
| BlackRock Inc. 0.00% of their portfolio | 15.2m $158.4m | Reduced -1.3m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio | 14.6m $152.6m | Reduced -347.4k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 14.3m $149.0m | Added +2.4m |
| Mondrian Investment Partners LTD 3.07% of their portfolio | 13.3m $138.9m | Added +542.0k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 12.7m $132.0m | Added +3.1m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.19% of their portfolio | 12.1m $126.1m | Reduced -706.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.04% of their portfolio | 11.7m $121.5m | Added +343.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.17% of their portfolio | 10.2m $106.2m | Added +9.4m |
| MORGAN STANLEY 0.01% of their portfolio | 9.5m $98.9m | Added +2.1m |
| RENAISSANCE TECHNOLOGIES LLC 0.13% of their portfolio | 9.2m $96.2m | Reduced -5.7m |
| OAKTREE CAPITAL MANAGEMENT LP 0.95% of their portfolio | 8.1m $84.1m | Added +356.6k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 6.9m $72.2m | Reduced -908 |
| THORNBURG INVESTMENT MANAGEMENT INC 1.19% of their portfolio | 6.9m $72.1m | Added +136.0k |
| Turiya Advisors Asia Ltd 17.52% of their portfolio | 6.7m $70.1m | Added +2.5m |
| Russell Investments Group, Ltd. 0.13% of their portfolio | 6.5m $68.0m | Added +1.0m |
| Robeco Institutional Asset Management B.V. 0.17% of their portfolio | 6.1m $63.4m | Added +1.9m |
| ACADIAN ASSET MANAGEMENT LLC 0.27% of their portfolio | 5.9m $62.0m | Reduced -470.1k |
| CONTRARIAN CAPITAL MANAGEMENT, L.L.C. 15.48% of their portfolio | 5.7m $59.9m | Reduced -789.2k |
| MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio | 5.7m $59.6m | Added +3.1m |
| STATE STREET CORP 0.00% of their portfolio | 5.1m $53.5m | Reduced -18.5k |
| CI INVESTMENTS INC. 0.25% of their portfolio | 4.8m $50.2m | Reduced -91.4k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.23% of their portfolio | 4.4m $45.9m | Added +70.6k |
| Optiver Holding B.V. 1.89% of their portfolio | 3.9m $40.8m | New |
| TWO SIGMA ADVISERS, LP 0.10% of their portfolio | 3.8m $39.8m | Added +723.5k |
| EARNEST PARTNERS LLC 0.20% of their portfolio | 3.3m $34.7m | Reduced -29.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio | 3.3m $34.4m | Added +2.2m |
| Itau Unibanco Holding S.A. 1.62% of their portfolio | 3.1m $32.2m | Reduced -4.9m |
| MACKENZIE FINANCIAL CORP 0.05% of their portfolio | 2.8m $29.3m | Reduced -152.3k |
| TT International Asset Management LTD 2.83% of their portfolio | 2.5m $25.8m | New |
| Man Group plc 0.09% of their portfolio | 2.4m $24.6m | New |
| TWO SIGMA INVESTMENTS, LP 0.07% of their portfolio | 2.3m $24.1m | Added +2.2m |
| Connor, Clark & Lunn Investment Management Ltd. 0.13% of their portfolio | 2.2m $23.3m | Added +180.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 2.0m $21.1m | Added +136.7k |
| Contrarius Investment Management Ltd 1.08% of their portfolio | 2.0m $20.6m | New |
| TODD ASSET MANAGEMENT LLC 0.49% of their portfolio | 2.0m $20.4m | Added +27.8k |
| NS Partners Ltd 1.07% of their portfolio | 1.8m $19.1m | Added +239.6k |
| Qube Research & Technologies Ltd 0.11% of their portfolio | 1.8m $18.5m | New |
| D. E. Shaw & Co., Inc. 0.03% of their portfolio | 1.8m $18.4m | Reduced -514.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.7m $18.0m | Reduced -1.0m |
| SIMPLEX TRADING, LLC 0.79% of their portfolio | 1.7m $17.5m | Added +1.6m |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 1.6m $16.2m | Reduced -1.4m |
| PLATINUM INVESTMENT MANAGEMENT LTD 0.52% of their portfolio | 1.4m $15.1m | Added +6.4k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 1.4m $14.5m | Added +49.9k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 1.4m $14.3m | Added +328.6k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 1.3m $13.7m | Added +909.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 1.3m $11.3m | Added +97.4k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 1.2m $12.9m | Reduced -1.2m |
| CREDIT AGRICOLE S A 0.53% of their portfolio | 1.2m $12.5m | Added +224.3k |
| Alberta Investment Management Corp 0.12% of their portfolio | 1.2m $12.3m | Added +255.6k |
| Crossmark Global Holdings, Inc. 0.29% of their portfolio | 1.2m $12.2m | Added +27.7k |
| VANGUARD GROUP INC 0.00% of their portfolio | 1.2m $12.1m | Reduced -37.1k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 1.2m $12.1m | Added +215.7k |
| Moneda S.A. Administradora General de Fondos 12.90% of their portfolio | 1.1m $11.4m | Reduced -850.9k |
| Artemis Investment Management LLP 0.14% of their portfolio | 1.1m $11.4m | Reduced -1.7m |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 1.1m $11.4m | Reduced -427.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.05% of their portfolio | 1.0m $10.8m | Added +63.0k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.11% of their portfolio | 1.0m $10.8m | Unchanged |
| MONEDA USA, INC. 22.20% of their portfolio | 1.0m $10.7m | Reduced -583.4k |
| State of New Jersey Common Pension Fund D 0.04% of their portfolio | 989.6k $10.3m | Unchanged |
| CMT Capital Markets Trading GmbH 12.47% of their portfolio | 985.7k $10.3m | Reduced -791.1k |
| COMPASS GROUP LLC 3.29% of their portfolio | 943.7k $9.8m | Added +200.0k |
| Eisler Capital (UK) Ltd. 0.83% of their portfolio | 916.0k $9.6m | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 903.3k $9.4m | Reduced -21.7k |
| BARCLAYS PLC 0.01% of their portfolio | 893.7k $9.3m | Reduced -1.3m |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 878.1k $9.2m | Reduced -340.4k |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 868.1k $9.1m | Reduced -144.3k |
| CITIGROUP INC 0.01% of their portfolio | 852.1k $8.9m | Added +614.4k |
| Oaktree Fund Advisors, LLC 8.39% of their portfolio | 851.2k $8.9m | Added +232.3k |
| UBS Group AG 0.00% of their portfolio | 849.0k $8.9m | Reduced -454.9k |
| Point72 Asset Management, L.P. 0.03% of their portfolio | 845.0k $8.8m | Reduced -483.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 824.4k $8.6m | Reduced -86.3k |
| Cubist Systematic Strategies, LLC 0.07% of their portfolio | 770.1k $8.0m | Added +637.1k |
| Invesco Ltd. 0.00% of their portfolio | 740.7k $7.7m | Reduced -38.3k |
| IPG Investment Advisors LLC 1.76% of their portfolio | 736.9k $7.7m | New |
| USS Investment Management Ltd 0.10% of their portfolio | 686.9k $7.2m | Unchanged |
| Trexquant Investment LP 0.18% of their portfolio | 626.5k $6.5m | Added +502.1k |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.04% of their portfolio | 609.7k $6.4m | Added +77.5k |
| NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio | 584.3k $6.4m | Reduced -13.7m |
| Squarepoint Ops LLC 0.04% of their portfolio | 572.4k $6.0m | New |
| HENNESSY ADVISORS INC 0.44% of their portfolio | 566.5k $5.9m | New |
| Centric Wealth Management 2.50% of their portfolio | 551.6k $5.8m | New |
| Amundi 0.00% of their portfolio | 550.0k $6.0m | Added +300.0k |
| Leonteq Securities AG 0.52% of their portfolio | 539.1k $5.6m | Added +30.8k |
| Jump Financial, LLC 0.23% of their portfolio | 536.1k $5.6m | New |
| Parkwood LLC 1.02% of their portfolio | 526.3k $5.5m | Reduced -166.6k |
| PINEBRIDGE INVESTMENTS, L.P. 0.06% of their portfolio | 512.8k $5.3m | Unchanged |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.07% of their portfolio | 498.9k $5.2m | Reduced -814.5k |
| Qtron Investments LLC 1.07% of their portfolio | 497.1k $5.2m | Added +5.3k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 471.3k $4.9m | Added +177.6k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 449.8k $4.7m | Reduced -67.8k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.07% of their portfolio | 447.1k $4.7m | Added +32.7k |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.09% of their portfolio | 445.3k $4.6m | New |
| Schonfeld Strategic Advisors LLC 0.04% of their portfolio | 442.3k $4.6m | New |