Vault-13

PETROLEO BRASILEIRO SA PETRO PBR

SPONSORED ADR · ADR · CUSIP 71654V408 · ISIN US71654V4086

Brazilian multinational oil and gas corporation

401 institutional holders -19 vs Q1 2023
721,746,143721.7m shares reported held*
$9.9bnreported value*
46 new 127 added 144 reduced 62 sold out net sold ≈ $689.5m (-47.6m 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 ($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

0200400600Q3 22: 414Q4 22: 413Q1 23: 420Q2 23: 401401Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022414
Q4 2022413
Q1 2023420
Q2 2023401

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 23Q2 23: 173 bought or addedQ2 23: 206 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022182231
Q1 2023195199
Q2 2023173206

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 1.71Q2 23 calls: $529.8mQ2 23 puts: $821.5mQ2 23P/C 1.55
Numbers
QuarterCallsPutsP/C
Q3 2022$826.0m$1.0bn1.24
Q4 2022$590.2m$871.7m1.48
Q1 2023$278.5m$477.2m1.71
Q2 2023$529.8m$821.5m1.55

Biggest buyers

MORGAN STANLEY Added +8,148,607+8.1m
SPX Gestao de Recursos Ltda New +6,964,368+7.0m
JPMORGAN CHASE & CO Added +6,787,345+6.8m
Itau Unibanco Holding S.A. Added +5,144,425+5.1m
CITIGROUP INC Added +2,853,070+2.9m
SG Americas Securities, LLC Added +2,850,335+2.9m
RWC ASSET ADVISORS (US) LLC New +2,608,964+2.6m
LAZARD ASSET MANAGEMENT LLC Added +2,582,327+2.6m
Driehaus Capital Management LLC New +2,571,162+2.6m
UBS Group AG Added +2,294,763+2.3m

Biggest sellers

FMR LLC Reduced -37,121,788-37.1m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -9,209,527-9.2m
Turiya Advisors Asia Ltd Sold out -6,724,463-6.7m
RENAISSANCE TECHNOLOGIES LLC Reduced -5,119,200-5.1m
ACADIAN ASSET MANAGEMENT LLC Reduced -4,252,859-4.3m
Optiver Holding B.V. Sold out -3,912,187-3.9m
TT International Asset Management LTD Sold out -2,474,960-2.5m
Man Group plc Sold out -2,357,343-2.4m
BAILLIE GIFFORD & CO Reduced -2,338,361-2.3m
BlackRock Inc. Reduced -2,198,287-2.2m

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.

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 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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GQG Partners LLC 6.71% of their portfolio FT. LAUDERDALE, FL 211,009,493211.0m $2.9bn $2.9bn 6.71% Reduced -341.6k -341,621
2 FMR LLC 0.07% of their portfolio BOSTON, MA 57,354,74857.4m $793.2m $793.2m 0.07% Reduced -37.1m -37,121,788
3 BAILLIE GIFFORD & CO 0.65% of their portfolio EDINBURGH, X0 55,335,34255.3m $765.3m $765.3m 0.65% Reduced -2.3m -2,338,361
4 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.67% of their portfolio BOSTON, MA 40,015,83040.0m $553.4m $553.4m 0.67% Reduced -1.6m -1,581,406
5 LAZARD ASSET MANAGEMENT LLC 0.50% of their portfolio NEW YORK, NY 29,221,29229.2m $404.1m $404.1m 0.50% Added +2.6m +2,582,327
6 ARGA Investment Management, LP 9.09% of their portfolio STAMFORD, CT 18,598,80518.6m $257.2m $257.2m 9.09% Reduced -32.7k -32,748
7 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 17,626,26117.6m $243.8m $243.8m 0.02% Added +8.1m +8,148,607
8 Fisher Asset Management, LLC 0.13% of their portfolio PLANO, TX 17,513,15617.5m $242.2m $242.2m 0.13% Reduced -59.5k -59,455
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% Unchanged
10 GOLDMAN SACHS GROUP INC 0.05% of their portfolio NEW YORK, NY 13,246,53313.2m $183.2m $183.2m 0.05% Reduced -1.0m -1,040,954
11 BlackRock Inc. 0.00% of their portfolio New York, NY 12,993,29013.0m $179.7m $179.7m 0.00% Reduced -2.2m -2,198,287
12 Mondrian Investment Partners LTD 3.33% of their portfolio LONDON, X0 12,058,21412.1m $166.8m $166.8m 3.33% Reduced -1.3m -1,260,789
13 SCHRODER INVESTMENT MANAGEMENT GROUP 0.24% of their portfolio London, X0 11,889,11111.9m $164.4m $164.4m 0.24% Reduced -203.8k -203,815
14 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 10,762,49010.8m $148.8m $148.8m 0.02% Reduced -1.9m -1,889,366
15 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.04% of their portfolio Boston, MA 9,794,3399.8m $135.5m $135.5m 0.04% Reduced -1.9m -1,858,416
16 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 8,517,0818.5m $117.8m $117.8m 0.01% Added +6.8m +6,787,345
17 Itau Unibanco Holding S.A. 5.26% of their portfolio SAO PAULO, D5 8,255,7098.3m $112.5m $112.5m 5.26% Added +5.1m +5,144,425
18 THORNBURG INVESTMENT MANAGEMENT INC 1.79% of their portfolio SANTA FE, NM 7,990,0888.0m $110.5m $110.5m 1.79% Added +1.1m +1,078,067
19 OAKTREE CAPITAL MANAGEMENT LP 1.47% of their portfolio LOS ANGELES, CA 7,866,4027.9m $108.8m $108.8m 1.47% Reduced -196.1k -196,137
20 SPX Gestao de Recursos Ltda 4.58% of their portfolio RIO DE JANEIRO, D5 6,964,3687.0m $96.3m $96.3m 4.58% New
21 DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio AUSTIN, TX 6,818,9026.8m $94.4m $94.4m 0.03% Reduced -101.7k -101,733
22 Russell Investments Group, Ltd. 0.18% of their portfolio Seattle, WA 6,596,3036.6m $91.2m $91.2m 0.18% Added +78.1k +78,115
23 Robeco Institutional Asset Management B.V. 0.23% of their portfolio ROTTERDAM, P7 6,321,5346.3m $87.4m $87.4m 0.23% Added +246.3k +246,295
24 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 4,922,3804.9m $72.8m $72.8m 0.00% Reduced -209.8k -209,841
25 CONTRARIAN CAPITAL MANAGEMENT, L.L.C. 17.38% of their portfolio Greenwich, CT 4,660,5934.7m $64.5m $64.5m 17.38% Reduced -1.1m -1,082,203
26 CI INVESTMENTS INC. 0.29% of their portfolio TORONTO, Z4 4,203,3374.2m $58.1m $58.1m 0.29% Reduced -612.1k -612,119
27 RENAISSANCE TECHNOLOGIES LLC 0.08% of their portfolio NEW YORK, NY 4,103,2004.1m $56.7m $56.7m 0.08% Reduced -5.1m -5,119,200
28 MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 3,882,2403.9m $53.7m $53.7m 0.06% Reduced -1.8m -1,829,523
29 CITIGROUP INC 0.07% of their portfolio NEW YORK, NY 3,705,1603.7m $51.2m $51.2m 0.07% Added +2.9m +2,853,070
30 VICTORY CAPITAL MANAGEMENT INC 0.05% of their portfolio San Antonio, TX 3,536,3563.5m $48.9m $48.9m 0.05% Added +1.5m +1,512,698
31 BNP PARIBAS FINANCIAL MARKETS 0.09% of their portfolio PARIS, I0 3,296,5383.3m $45.6m $45.6m 0.09% Reduced -3.1k -3,084
32 EARNEST PARTNERS LLC 0.25% of their portfolio ATLANTA, GA 3,232,3713.2m $44.7m $44.7m 0.25% Reduced -91.4k -91,362
33 Grantham, Mayo, Van Otterloo & Co. LLC 0.21% of their portfolio Boston, MA 3,218,2423.2m $44.5m $44.5m 0.21% Reduced -1.2m -1,178,958
34 UBS Group AG 0.02% of their portfolio ZURICH, V8 3,143,7773.1m $43.5m $43.5m 0.02% Added +2.3m +2,294,763
35 PLATINUM INVESTMENT MANAGEMENT LTD 1.41% of their portfolio SYDNEY AUSTRALIA 2000, C3 2,930,9252.9m $40.5m $40.5m 1.41% Added +1.5m +1,487,450
36 COMPASS GROUP LLC 16.83% of their portfolio NEW YORK, NY 2,904,5312.9m $40.2m $40.2m 16.83% Added +2.0m +1,960,871
37 Artemis Investment Management LLP 0.51% of their portfolio EDINBURGH, X0 2,877,9142.9m $39.8m $39.8m 0.51% Added +1.8m +1,784,476
38 SG Americas Securities, LLC 0.34% of their portfolio NEW YORK, NY 2,872,6052.9m $39.7m $39.7m 0.34% Added +2.9m +2,850,335
39 MACKENZIE FINANCIAL CORP 0.06% of their portfolio TORONTO ONTARIO, A6 2,662,3842.7m $37.2m $37.2m 0.06% Reduced -143.0k -143,019
40 RWC ASSET ADVISORS (US) LLC 3.45% of their portfolio MIAMI, FL 2,608,9642.6m $36.1m $36.1m 3.45% New
41 Driehaus Capital Management LLC 0.45% of their portfolio Chicago, IL 2,571,1622.6m $35.6m $35.6m 0.45% New
42 TWO SIGMA ADVISERS, LP 0.08% of their portfolio NEW YORK, NY 2,223,2002.2m $30.7m $30.7m 0.08% Reduced -1.6m -1,593,300
43 TODD ASSET MANAGEMENT LLC 0.64% of their portfolio Louisville, KY 1,989,7352.0m $27.5m $27.5m 0.64% Added +35.9k +35,875
44 NS Partners Ltd 1.33% of their portfolio LONDON, X0 1,821,6651.8m $25.2m $25.2m 1.33% Reduced -5.8k -5,800
45 FIRST TRUST ADVISORS LP 0.03% of their portfolio Wheaton, IL 1,819,2951.8m $25.2m $25.2m 0.03% Added +582.1k +582,100
46 ACADIAN ASSET MANAGEMENT LLC 0.10% of their portfolio Boston, MA 1,695,6041.7m $23.4m $23.4m 0.10% Reduced -4.3m -4,252,859
47 Man Group plc 0.07% of their portfolio LONDON, X0 1,638,1741.6m $22.7m $22.7m 0.07% New
48 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 1,491,5671.5m $20.6m $20.6m 0.01% Reduced -59.5k -59,474
49 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.10% of their portfolio JUPITER, FL 1,481,3411.5m $20.5m $20.5m 0.10% Added +443.2k +443,189
50 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 1,394,0511.4m $19.3m $19.3m 0.03% Added +1.0m +1,044,297
51 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 1,378,5201.4m $19.1m $19.1m 0.01% Added +11.6k +11,597
52 CREDIT AGRICOLE S A 0.61% of their portfolio Montrouge Cedex, I0 1,347,4011.3m $18.6m $18.6m 0.61% Added +148.4k +148,389
53 SEI INVESTMENTS CO 0.03% of their portfolio OAKS, PA 1,333,6231.3m $18.4m $18.4m 0.03% Reduced -59.2k -59,200
54 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 1,295,9571.3m $17.9m $17.9m 0.01% Added +144.9k +144,925
55 Centric Wealth Management 6.52% of their portfolio CHICAGO, IL 1,201,4651.2m $16.3m $16.3m 6.52% Added +649.9k +649,880
56 RWC Asset Management LLP 0.79% of their portfolio LONDON, X0 1,193,9371.2m $16.5m $16.5m 0.79% New
57 Crossmark Global Holdings, Inc. 0.35% of their portfolio HOUSTON, TX 1,173,9121.2m $16.4m $16.4m 0.35% Added +5.7k +5,747
58 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 1,136,0121.1m $15.7m $15.7m 0.00% Reduced -21.3k -21,333
59 Moneda S.A. Administradora General de Fondos 10.59% of their portfolio LAS CONDES, SANTIAGO, F3 1,067,4761.1m $14.8m $14.8m 10.59% Reduced -26.1k -26,084
60 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 1,043,1591.0m $14.4m $14.4m 0.00% Added +139.9k +139,904
61 TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.14% of their portfolio FRANKFORT, KY 1,034,5601.0m $14.3m $14.3m 0.14% Unchanged
62 Contrarius Investment Management Ltd 0.77% of their portfolio St. Helier, Y9 1,028,9021.0m $14.2m $14.2m 0.77% Reduced -944.9k -944,877
63 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 970,444970.4k $13.4m $13.4m 0.02% Reduced -9.2m -9,209,527
64 MACQUARIE GROUP LTD 0.02% of their portfolio Sydney, NSW 2000, C3 962,160962.2k $13.3m $13.3m 0.02% Added +94.1k +94,059
65 Connor, Clark & Lunn Investment Management Ltd. 0.06% of their portfolio VANCOUVER, A1 930,274930.3k $12.9m $12.9m 0.06% Reduced -1.3m -1,303,220
66 Alberta Investment Management Corp 0.12% of their portfolio EDMONTON, A0 921,000921.0k $12.7m $12.7m 0.12% Reduced -255.6k -255,580
67 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 912,352912.4k $12.6m $12.6m 0.01% Reduced -357.4k -357,353
68 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 906,571906.6k $12.5m $12.5m 0.01% Added +28.4k +28,426
69 State of New Jersey Common Pension Fund D 0.04% of their portfolio TRENTON, NJ 900,681900.7k $12.5m $12.5m 0.04% Reduced -89.0k -88,957
70 Oaktree Fund Advisors, LLC 10.38% of their portfolio LOS ANGLES, CA 885,488885.5k $12.2m $12.2m 10.38% Added +34.3k +34,277
71 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 870,687870.7k $12.0m $12.0m 0.00% Added +130.0k +129,978
72 ASSETMARK, INC 0.05% of their portfolio CONCORD, CA 867,111867.1k $12.0m $12.0m 0.05% Added +720.8k +720,820
73 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 824,377824.4k $11.4m $11.4m 0.00% Unchanged
74 MONEDA USA, INC. 22.02% of their portfolio New York, NY 777,545777.5k $10.8m $10.8m 22.02% Reduced -253.0k -253,027
75 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 773,432773.4k $10.7m $10.7m 0.01% Reduced -315.4k -315,390
76 CWA Asset Management Group, LLC 0.73% of their portfolio NAPLES, FL 771,662771.7k $10.7m $10.7m 0.73% New
77 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 731,890731.9k $10.1m $10.1m 0.01% Reduced -161.8k -161,803
78 MONEY CONCEPTS CAPITAL CORP 1.01% of their portfolio PALM BEACH GARDENS, FL 720,797720.8k $10.0m $10.0m 1.01% New
79 USS Investment Management Ltd 0.11% of their portfolio London, X0 686,904686.9k $9.5m $9.5m 0.11% Unchanged
80 Cubist Systematic Strategies, LLC 0.10% of their portfolio STAMFORD, CT 637,792637.8k $8.8m $8.8m 0.10% Reduced -132.3k -132,324
81 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.13% of their portfolio Stamford, CT 619,259619.3k $8.6m $8.6m 0.13% Added +172.2k +172,203
82 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 574,931574.9k $8.0m $8.0m 0.00% Added +125.1k +125,105
83 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.04% of their portfolio IRVING, TX 574,259574.3k $7.9m $7.9m 0.04% Reduced -35.4k -35,437
84 BTG Pactual Global Asset Management Ltd 4.11% of their portfolio NEW YORK, NY 564,270564.3k $7.8m $7.8m 4.11% New
85 PINEBRIDGE INVESTMENTS, L.P. 0.08% of their portfolio NEW YORK, NY 545,248545.2k $7.5m $7.5m 0.08% Added +32.4k +32,422
86 HENNESSY ADVISORS INC 0.53% of their portfolio NOVATO, CA 536,000536.0k $7.4m $7.4m 0.53% Reduced -30.5k -30,500
87 Parkwood LLC 1.32% of their portfolio CLEVELAND, OH 522,998523.0k $7.2m $7.2m 1.32% Reduced -3.3k -3,275
88 Qtron Investments LLC 1.30% of their portfolio Boston, MA 497,111497.1k $6.9m $6.9m 1.30% Unchanged
89 Jump Financial, LLC 0.24% of their portfolio Chicago, IL 471,731471.7k $6.5m $6.5m 0.24% Reduced -64.4k -64,353
90 Lumbard & Kellner, LLC 3.60% of their portfolio HOLLIS, NH 443,041443.0k $6.4m $6.4m 3.60% Added +154.4k +154,367
91 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 426,534426.5k $5.9m $5.9m 0.00% Reduced -44.7k -44,733
92 Employees Retirement System of Texas 0.08% of their portfolio AUSTIN, TX 408,155408.2k $5.6m $5.6m 0.08% Reduced -10.4k -10,413
93 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 394,669394.7k $5.5m $5.5m 0.01% Added +180.6k +180,565
94 THOMAS WHITE INTERNATIONAL LTD 1.13% of their portfolio CHICAGO, IL 392,156392.2k $5.4m $5.4m 1.13% Added +392.1k +392,069
95 Daiwa Securities Group Inc. 0.03% of their portfolio CHIYODA-KU,TOKYO, M0 375,323375.3k $5.2m $5.2m 0.03% Reduced -19.9k -19,888
96 Paradiem, LLC 1.47% of their portfolio COVINGTON, LA 374,293374.3k $5.2m $5.2m 1.47% Reduced -72 -72
97 Capital International Investors 0.00% of their portfolio Los Angeles, CA 371,262371.3k $5.1m $5.1m 0.00% Reduced -10 -10
98 Eisler Capital (UK) Ltd. 0.54% of their portfolio LONDON, X0 368,325368.3k $5.1m $5.1m 0.54% Reduced -547.6k -547,648
99 JBF Capital, Inc. 1.04% of their portfolio Aspen, CO 367,000367.0k $5.0m $5.0m 1.04% Unchanged
100 Amundi 0.00% of their portfolio Paris, I0 365,000365.0k $5.1m $5.1m 0.00% Reduced -185.0k -185,000