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 ($22.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $13.77. Options: 27 managers hold calls ($529.8m notional), 35 hold puts ($821.5m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 414 |
| Q4 2022 | 413 |
| Q1 2023 | 420 |
| Q2 2023 | 401 |
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 |
| Q2 2023 | 173 | 206 |
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 |
| Q2 2023 | $529.8m | $821.5m | 1.55 |
Biggest buyers
| MORGAN STANLEY | Added | +8.1m |
| SPX Gestao de Recursos Ltda | New | +7.0m |
| JPMORGAN CHASE & CO | Added | +6.8m |
| Itau Unibanco Holding S.A. | Added | +5.1m |
| CITIGROUP INC | Added | +2.9m |
| SG Americas Securities, LLC | Added | +2.9m |
| RWC ASSET ADVISORS (US) LLC | New | +2.6m |
| LAZARD ASSET MANAGEMENT LLC | Added | +2.6m |
| Driehaus Capital Management LLC | New | +2.6m |
| UBS Group AG | Added | +2.3m |
Biggest sellers
| FMR LLC | Reduced | -37.1m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -9.2m |
| Turiya Advisors Asia Ltd | Sold out | -6.7m |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -5.1m |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -4.3m |
| Optiver Holding B.V. | Sold out | -3.9m |
| TT International Asset Management LTD | Sold out | -2.5m |
| Man Group plc | Sold out | -2.4m |
| BAILLIE GIFFORD & CO | Reduced | -2.3m |
| BlackRock Inc. | Reduced | -2.2m |
Biggest calls
| Optiver Holding B.V. | Added | $175.0m12.7m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $140.4m10.2m shares |
| CITADEL ADVISORS LLC | Added | $46.9m3.4m shares |
| NOMURA HOLDINGS INC | New | $45.1m3.3m shares |
| SIMPLEX TRADING, LLC | Added | $27.8m2.0m shares |
| UBS Group AG | New | $23.9m1.7m shares |
| Squarepoint Ops LLC | Added | $17.3m1.3m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $7.4m538.0k shares |
| BNP PARIBAS FINANCIAL MARKETS | New | $6.9m5.0k shares |
| Cubist Systematic Strategies, LLC | Added | $5.7m412.1k shares |
Biggest puts
| Optiver Holding B.V. | Added | $276.9m20.0m shares |
| CITADEL ADVISORS LLC | Added | $165.8m12.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $139.4m10.1m shares |
| GOLDMAN SACHS GROUP INC | Added | $57.9m4.2m shares |
| NOMURA HOLDINGS INC | New | $34.6m2.5m shares |
| SIMPLEX TRADING, LLC | Reduced | $31.6m2.3m shares |
| Eisler Capital (UK) Ltd. | Unchanged | $27.7m2.0m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $11.8m852.6k shares |
| CAPITAL FUND MANAGEMENT S.A. | New | $8.8m633.1k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $8.4m6.1k 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 Q2 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 Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| GQG Partners LLC 6.71% of their portfolio | 211.0m $2.9bn | Reduced -341.6k |
| FMR LLC 0.07% of their portfolio | 57.4m $793.2m | Reduced -37.1m |
| BAILLIE GIFFORD & CO 0.65% of their portfolio | 55.3m $765.3m | Reduced -2.3m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.67% of their portfolio | 40.0m $553.4m | Reduced -1.6m |
| LAZARD ASSET MANAGEMENT LLC 0.50% of their portfolio | 29.2m $404.1m | Added +2.6m |
| ARGA Investment Management, LP 9.09% of their portfolio | 18.6m $257.2m | Reduced -32.7k |
| MORGAN STANLEY 0.02% of their portfolio | 17.6m $243.8m | Added +8.1m |
| Fisher Asset Management, LLC 0.13% of their portfolio | 17.5m $242.2m | Reduced -59.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio | 14.6m $152.6m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.05% of their portfolio | 13.2m $183.2m | Reduced -1.0m |
| BlackRock Inc. 0.00% of their portfolio | 13.0m $179.7m | Reduced -2.2m |
| Mondrian Investment Partners LTD 3.33% of their portfolio | 12.1m $166.8m | Reduced -1.3m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.24% of their portfolio | 11.9m $164.4m | Reduced -203.8k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 10.8m $148.8m | Reduced -1.9m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.04% of their portfolio | 9.8m $135.5m | Reduced -1.9m |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 8.5m $117.8m | Added +6.8m |
| Itau Unibanco Holding S.A. 5.26% of their portfolio | 8.3m $112.5m | Added +5.1m |
| THORNBURG INVESTMENT MANAGEMENT INC 1.79% of their portfolio | 8.0m $110.5m | Added +1.1m |
| OAKTREE CAPITAL MANAGEMENT LP 1.47% of their portfolio | 7.9m $108.8m | Reduced -196.1k |
| SPX Gestao de Recursos Ltda 4.58% of their portfolio | 7.0m $96.3m | New |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 6.8m $94.4m | Reduced -101.7k |
| Russell Investments Group, Ltd. 0.18% of their portfolio | 6.6m $91.2m | Added +78.1k |
| Robeco Institutional Asset Management B.V. 0.23% of their portfolio | 6.3m $87.4m | Added +246.3k |
| STATE STREET CORP 0.00% of their portfolio | 4.9m $72.8m | Reduced -209.8k |
| CONTRARIAN CAPITAL MANAGEMENT, L.L.C. 17.38% of their portfolio | 4.7m $64.5m | Reduced -1.1m |
| CI INVESTMENTS INC. 0.29% of their portfolio | 4.2m $58.1m | Reduced -612.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.08% of their portfolio | 4.1m $56.7m | Reduced -5.1m |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 3.9m $53.7m | Reduced -1.8m |
| CITIGROUP INC 0.07% of their portfolio | 3.7m $51.2m | Added +2.9m |
| VICTORY CAPITAL MANAGEMENT INC 0.05% of their portfolio | 3.5m $48.9m | Added +1.5m |
| BNP PARIBAS FINANCIAL MARKETS 0.09% of their portfolio | 3.3m $45.6m | Reduced -3.1k |
| EARNEST PARTNERS LLC 0.25% of their portfolio | 3.2m $44.7m | Reduced -91.4k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.21% of their portfolio | 3.2m $44.5m | Reduced -1.2m |
| UBS Group AG 0.02% of their portfolio | 3.1m $43.5m | Added +2.3m |
| PLATINUM INVESTMENT MANAGEMENT LTD 1.41% of their portfolio | 2.9m $40.5m | Added +1.5m |
| COMPASS GROUP LLC 16.83% of their portfolio | 2.9m $40.2m | Added +2.0m |
| Artemis Investment Management LLP 0.51% of their portfolio | 2.9m $39.8m | Added +1.8m |
| SG Americas Securities, LLC 0.34% of their portfolio | 2.9m $39.7m | Added +2.9m |
| MACKENZIE FINANCIAL CORP 0.06% of their portfolio | 2.7m $37.2m | Reduced -143.0k |
| RWC ASSET ADVISORS (US) LLC 3.45% of their portfolio | 2.6m $36.1m | New |
| Driehaus Capital Management LLC 0.45% of their portfolio | 2.6m $35.6m | New |
| TWO SIGMA ADVISERS, LP 0.08% of their portfolio | 2.2m $30.7m | Reduced -1.6m |
| TODD ASSET MANAGEMENT LLC 0.64% of their portfolio | 2.0m $27.5m | Added +35.9k |
| NS Partners Ltd 1.33% of their portfolio | 1.8m $25.2m | Reduced -5.8k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 1.8m $25.2m | Added +582.1k |
| ACADIAN ASSET MANAGEMENT LLC 0.10% of their portfolio | 1.7m $23.4m | Reduced -4.3m |
| Man Group plc 0.07% of their portfolio | 1.6m $22.7m | New |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 1.5m $20.6m | Reduced -59.5k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.10% of their portfolio | 1.5m $20.5m | Added +443.2k |
| JANE STREET GROUP, LLC 0.03% of their portfolio | 1.4m $19.3m | Added +1.0m |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 1.4m $19.1m | Added +11.6k |
| CREDIT AGRICOLE S A 0.61% of their portfolio | 1.3m $18.6m | Added +148.4k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 1.3m $18.4m | Reduced -59.2k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 1.3m $17.9m | Added +144.9k |
| Centric Wealth Management 6.52% of their portfolio | 1.2m $16.3m | Added +649.9k |
| RWC Asset Management LLP 0.79% of their portfolio | 1.2m $16.5m | New |
| Crossmark Global Holdings, Inc. 0.35% of their portfolio | 1.2m $16.4m | Added +5.7k |
| VANGUARD GROUP INC 0.00% of their portfolio | 1.1m $15.7m | Reduced -21.3k |
| Moneda S.A. Administradora General de Fondos 10.59% of their portfolio | 1.1m $14.8m | Reduced -26.1k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.0m $14.4m | Added +139.9k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.14% of their portfolio | 1.0m $14.3m | Unchanged |
| Contrarius Investment Management Ltd 0.77% of their portfolio | 1.0m $14.2m | Reduced -944.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 970.4k $13.4m | Reduced -9.2m |
| MACQUARIE GROUP LTD 0.02% of their portfolio | 962.2k $13.3m | Added +94.1k |
| Connor, Clark & Lunn Investment Management Ltd. 0.06% of their portfolio | 930.3k $12.9m | Reduced -1.3m |
| Alberta Investment Management Corp 0.12% of their portfolio | 921.0k $12.7m | Reduced -255.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 912.4k $12.6m | Reduced -357.4k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 906.6k $12.5m | Added +28.4k |
| State of New Jersey Common Pension Fund D 0.04% of their portfolio | 900.7k $12.5m | Reduced -89.0k |
| Oaktree Fund Advisors, LLC 10.38% of their portfolio | 885.5k $12.2m | Added +34.3k |
| Invesco Ltd. 0.00% of their portfolio | 870.7k $12.0m | Added +130.0k |
| ASSETMARK, INC 0.05% of their portfolio | 867.1k $12.0m | Added +720.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 824.4k $11.4m | Unchanged |
| MONEDA USA, INC. 22.02% of their portfolio | 777.5k $10.8m | Reduced -253.0k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 773.4k $10.7m | Reduced -315.4k |
| CWA Asset Management Group, LLC 0.73% of their portfolio | 771.7k $10.7m | New |
| BARCLAYS PLC 0.01% of their portfolio | 731.9k $10.1m | Reduced -161.8k |
| MONEY CONCEPTS CAPITAL CORP 1.01% of their portfolio | 720.8k $10.0m | New |
| USS Investment Management Ltd 0.11% of their portfolio | 686.9k $9.5m | Unchanged |
| Cubist Systematic Strategies, LLC 0.10% of their portfolio | 637.8k $8.8m | Reduced -132.3k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.13% of their portfolio | 619.3k $8.6m | Added +172.2k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 574.9k $8.0m | Added +125.1k |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.04% of their portfolio | 574.3k $7.9m | Reduced -35.4k |
| BTG Pactual Global Asset Management Ltd 4.11% of their portfolio | 564.3k $7.8m | New |
| PINEBRIDGE INVESTMENTS, L.P. 0.08% of their portfolio | 545.2k $7.5m | Added +32.4k |
| HENNESSY ADVISORS INC 0.53% of their portfolio | 536.0k $7.4m | Reduced -30.5k |
| Parkwood LLC 1.32% of their portfolio | 523.0k $7.2m | Reduced -3.3k |
| Qtron Investments LLC 1.30% of their portfolio | 497.1k $6.9m | Unchanged |
| Jump Financial, LLC 0.24% of their portfolio | 471.7k $6.5m | Reduced -64.4k |
| Lumbard & Kellner, LLC 3.60% of their portfolio | 443.0k $6.4m | Added +154.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 426.5k $5.9m | Reduced -44.7k |
| Employees Retirement System of Texas 0.08% of their portfolio | 408.2k $5.6m | Reduced -10.4k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 394.7k $5.5m | Added +180.6k |
| THOMAS WHITE INTERNATIONAL LTD 1.13% of their portfolio | 392.2k $5.4m | Added +392.1k |
| Daiwa Securities Group Inc. 0.03% of their portfolio | 375.3k $5.2m | Reduced -19.9k |
| Paradiem, LLC 1.47% of their portfolio | 374.3k $5.2m | Reduced -72 |
| Capital International Investors 0.00% of their portfolio | 371.3k $5.1m | Reduced -10 |
| Eisler Capital (UK) Ltd. 0.54% of their portfolio | 368.3k $5.1m | Reduced -547.6k |
| JBF Capital, Inc. 1.04% of their portfolio | 367.0k $5.0m | Unchanged |
| Amundi 0.00% of their portfolio | 365.0k $5.1m | Reduced -185.0k |