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 ($21.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $15.98. Options: 31 managers hold calls ($956.4m notional), 37 hold puts ($1.2bn).
Trends to Q4 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 414 |
| Q4 2022 | 413 |
| Q1 2023 | 420 |
| Q2 2023 | 401 |
| Q3 2023 | 436 |
| Q4 2023 | 467 |
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 |
| Q3 2023 | 213 | 164 |
| Q4 2023 | 236 | 182 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2023 | $278.5m | $477.2m | 1.71 |
| Q2 2023 | $529.8m | $821.5m | 1.55 |
| Q3 2023 | $849.0m | $1.1bn | 1.25 |
| Q4 2023 | $956.4m | $1.2bn | 1.20 |
Biggest buyers
| MORGAN STANLEY | Added | +23.4m |
| Artisan Partners Limited Partnership | New | +13.7m |
| BANK OF AMERICA CORP /DE/ | Added | +5.6m |
| GOLDMAN SACHS GROUP INC | Added | +4.8m |
| Itau Unibanco Holding S.A. | Added | +3.9m |
| Gemsstock Ltd. | New | +2.5m |
| Qube Research & Technologies Ltd | Added | +1.9m |
| JPMORGAN CHASE & CO | Added | +1.8m |
| Moneda S.A. Administradora General de Fondos | Added | +1.3m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.3m |
Biggest sellers
| FMR LLC | Reduced | -11.0m |
| SPX Gestao de Recursos Ltda | Reduced | -5.5m |
| BAILLIE GIFFORD & CO | Reduced | -2.7m |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | -2.3m |
| Man Group plc | Sold out | -2.1m |
| CITADEL ADVISORS LLC | Reduced | -2.1m |
| HSBC HOLDINGS PLC | Reduced | -1.9m |
| TT International Asset Management LTD | Reduced | -1.9m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -1.9m |
| Mondrian Investment Partners LTD | Reduced | -1.8m |
Biggest calls
| Optiver Holding B.V. | Added | $231.5m14.5m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $218.1m13.7m shares |
| GOLDMAN SACHS GROUP INC | Reduced | $128.1m8.0m shares |
| UBS Group AG | Reduced | $80.7m5.1m shares |
| CITADEL ADVISORS LLC | Added | $72.1m4.5m shares |
| JPMORGAN CHASE & CO | Added | $47.8m3.0m shares |
| SIMPLEX TRADING, LLC | Added | $45.9m2.9m shares |
| Squarepoint Ops LLC | Reduced | $18.1m1.1m shares |
| NOMURA HOLDINGS INC | New | $15.2m952.2k shares |
| Cubist Systematic Strategies, LLC | Added | $13.6m850.2k shares |
Biggest puts
| Optiver Holding B.V. | Reduced | $279.3m17.5m shares |
| GOLDMAN SACHS GROUP INC | Reduced | $194.0m12.1m shares |
| JPMORGAN CHASE & CO | Added | $170.8m10.7m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $155.8m9.8m shares |
| CITADEL ADVISORS LLC | Reduced | $64.0m4.0m shares |
| Squarepoint Ops LLC | Added | $46.6m2.9m shares |
| Eisler Capital (UK) Ltd. | Reduced | $31.9m2.0m shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $24.4m15.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $20.6m1.3m shares |
| Cubist Systematic Strategies, LLC | Added | $18.9m1.2m 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 Q4 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 Q4 2023.
Holders, Q4 2023
| Manager | Shares | Change |
|---|---|---|
| GQG Partners LLC 7.21% of their portfolio | 213.2m $3.4bn | Added +785.4k |
| BAILLIE GIFFORD & CO 0.59% of their portfolio | 46.7m $746.1m | Reduced -2.7m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.64% of their portfolio | 37.9m $605.9m | Reduced -1.9m |
| FMR LLC 0.05% of their portfolio | 37.3m $595.8m | Reduced -11.0m |
| MORGAN STANLEY 0.03% of their portfolio | 37.2m $594.5m | Added +23.4m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.55% of their portfolio | 26.7m $426.7m | Added +317.2k |
| GOLDMAN SACHS GROUP INC 0.08% of their portfolio | 23.8m $380.4m | Added +4.8m |
| LAZARD ASSET MANAGEMENT LLC 0.47% of their portfolio | 23.0m $367.6m | Reduced -152.4k |
| Fisher Asset Management, LLC 0.14% of their portfolio | 16.7m $267.1m | Reduced -718.6k |
| ARGA Investment Management, LP 7.70% of their portfolio | 13.9m $222.0m | Reduced -1.5m |
| Artisan Partners Limited Partnership 0.34% of their portfolio | 13.7m $218.8m | New |
| BlackRock Inc. 0.01% of their portfolio | 12.4m $198.6m | Reduced -226.5k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 10.7m $170.6m | Added +1.8m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.06% of their portfolio | 10.0m $159.3m | Reduced -650.8k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 9.1m $145.6m | Added +5.6m |
| Mondrian Investment Partners LTD 2.07% of their portfolio | 8.2m $131.0m | Reduced -1.8m |
| Itau Unibanco Holding S.A. 4.29% of their portfolio | 8.1m $130.5m | Added +3.9m |
| THORNBURG INVESTMENT MANAGEMENT INC 1.76% of their portfolio | 7.6m $122.1m | Reduced -721 |
| SPX Gestao de Recursos Ltda 9.43% of their portfolio | 7.6m $121.7m | Reduced -5.5m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.04% of their portfolio | 7.4m $118.4m | Reduced -909.6k |
| RWC ASSET ADVISORS (US) LLC 8.61% of their portfolio | 6.8m $108.8m | Added +1.1m |
| Robeco Institutional Asset Management B.V. 0.25% of their portfolio | 6.3m $101.3m | Added +50.5k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 6.1m $98.2m | Reduced -448.1k |
| Qube Research & Technologies Ltd 0.22% of their portfolio | 6.0m $96.0m | Added +1.9m |
| Russell Investments Group, Ltd. 0.15% of their portfolio | 5.4m $86.3m | Reduced -1.1m |
| STATE STREET CORP 0.00% of their portfolio | 5.4m $88.5m | Added +315.1k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 5.0m $80.0m | Added +17.6k |
| Artemis Investment Management LLP 1.15% of their portfolio | 4.9m $78.5m | Reduced -231.0k |
| OAKTREE CAPITAL MANAGEMENT LP 1.20% of their portfolio | 4.8m $76.1m | Reduced -1.4m |
| CONTRARIAN CAPITAL MANAGEMENT, L.L.C. 17.60% of their portfolio | 4.5m $72.3m | Reduced -82.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.11% of their portfolio | 4.4m $70.8m | Added +990.0k |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 4.1m $65.3m | Added +1.3m |
| CITIGROUP INC 0.09% of their portfolio | 4.0m $64.2m | Reduced -570.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.07% of their portfolio | 3.9m $62.2m | Added +411.9k |
| UBS Group AG 0.02% of their portfolio | 3.9m $61.9m | Added +22.5k |
| PLATINUM INVESTMENT MANAGEMENT LTD 2.24% of their portfolio | 3.5m $55.2m | Reduced -14.8k |
| Vinland Capital Management Gestora de Recursos LTDA. 14.10% of their portfolio | 3.4m $54.2m | First filing |
| Turiya Advisors Asia Ltd 14.29% of their portfolio | 3.2m $51.8m | Added +1.2m |
| CI INVESTMENTS INC. 0.27% of their portfolio | 3.2m $51.3m | Reduced -1.2m |
| Moneda S.A. Administradora General de Fondos 22.87% of their portfolio | 3.2m $50.9m | Added +1.3m |
| EARNEST PARTNERS LLC 0.25% of their portfolio | 3.1m $49.9m | Reduced -8.3k |
| TWO SIGMA ADVISERS, LP 0.11% of their portfolio | 3.0m $48.5m | Added +1.3m |
| TT International Asset Management LTD 6.01% of their portfolio | 2.9m $47.0m | Reduced -1.9m |
| SEI INVESTMENTS CO 0.07% of their portfolio | 2.7m $43.7m | Added +1.3m |
| RWC Asset Management LLP 2.48% of their portfolio | 2.6m $41.1m | Added +422.9k |
| Gemsstock Ltd. 14.94% of their portfolio | 2.5m $40.3m | New |
| MACKENZIE FINANCIAL CORP 0.06% of their portfolio | 2.5m $39.3m | Reduced -230.0k |
| COMPASS GROUP LLC 14.72% of their portfolio | 2.3m $37.1m | Reduced -532.9k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.16% of their portfolio | 2.3m $36.4m | Reduced -731.9k |
| NS Partners Ltd 1.73% of their portfolio | 2.2m $35.6m | Reduced -430.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.04% of their portfolio | 2.1m $33.5m | Unchanged |
| TODD ASSET MANAGEMENT LLC 0.68% of their portfolio | 1.9m $30.6m | Reduced -277.6k |
| Driehaus Capital Management LLC 0.36% of their portfolio | 1.9m $29.9m | Reduced -690.2k |
| MACQUARIE GROUP LTD 0.03% of their portfolio | 1.8m $29.1m | Added +216.5k |
| Capitolis Liquid Global Markets LLC 1.18% of their portfolio | 1.8m $28.7m | First filing |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 1.8m $28.3m | Reduced -2.1m |
| MARSHALL WACE, LLP 0.05% of their portfolio | 1.7m $27.2m | Added +437.1k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 1.6m $25.4m | Added +172.9k |
| CREDIT AGRICOLE S A 0.49% of their portfolio | 1.5m $23.4m | Added +655.8k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 1.5m $23.2m | Added +1.1m |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 1.4m $23.1m | Reduced -180.4k |
| Connor, Clark & Lunn Investment Management Ltd. 0.10% of their portfolio | 1.3m $20.6m | Reduced -1.8m |
| Allspring Global Investments Holdings, LLC 0.03% of their portfolio | 1.2m $19.7m | Reduced -3.6k |
| Invesco Ltd. 0.00% of their portfolio | 1.2m $19.5m | Added +155.0k |
| USS Investment Management Ltd 0.17% of their portfolio | 1.2m $19.0m | Added +505.4k |
| Breakout Capital Partners, LP 13.74% of their portfolio | 1.2m $18.7m | First filing |
| VANGUARD GROUP INC 0.00% of their portfolio | 1.1m $17.9m | Added +9.1k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio | 1.1m $17.4m | Added +800.9k |
| State of New Jersey Common Pension Fund D 0.06% of their portfolio | 1.1m $17.0m | Added +14.1k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.0m $16.3m | Reduced -21.8k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.15% of their portfolio | 1.0m $16.1m | Reduced -258.5k |
| Schonfeld Strategic Advisors LLC 0.12% of their portfolio | 916.1k $14.6m | Added +415.6k |
| Point72 Asset Management, L.P. 0.04% of their portfolio | 860.0k $13.7m | Reduced -692.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 824.4k $13.2m | Unchanged |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 820.0k $13.1m | Added +217.3k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.17% of their portfolio | 816.4k $13.0m | Added +74.6k |
| TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio | 804.6k $12.8m | Added +659.3k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 783.5k $12.5m | Reduced -1.9m |
| MONEY CONCEPTS CAPITAL CORP 1.13% of their portfolio | 763.6k $12.2m | Reduced -26.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 741.1k $11.8m | Reduced -163.6k |
| Alberta Investment Management Corp 0.11% of their portfolio | 718.0k $11.5m | Unchanged |
| Quantitative Investment Management, LLC 0.64% of their portfolio | 699.4k $11.2m | New |
| WOLVERINE TRADING, LLC 0.08% of their portfolio | 636.2k $10.2m | Added +466.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 606.3k $9.7m | Reduced -609 |
| COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio | 594.0k $9.5m | Added +77.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 590.1k $9.4m | Added +415.8k |
| Cullen Capital Management, LLC 0.14% of their portfolio | 588.5k $9.4m | Added +49.1k |
| Squarepoint Ops LLC 0.04% of their portfolio | 580.4k $9.3m | New |
| WESTWOOD HOLDINGS GROUP INC 0.08% of their portfolio | 567.0k $9.1m | Added +81.6k |
| BTG Pactual Global Asset Management Ltd 5.37% of their portfolio | 564.3k $9.0m | Unchanged |
| ACADIAN ASSET MANAGEMENT LLC 0.03% of their portfolio | 556.5k $8.9m | Added +24.5k |
| Aquatic Capital Management LLC 0.22% of their portfolio | 536.3k $8.6m | Added +320.5k |
| ASSETMARK, INC 0.03% of their portfolio | 532.2k $8.5m | Added +37.7k |
| Parkwood LLC 1.29% of their portfolio | 505.9k $8.1m | Reduced -54.8k |
| PINEBRIDGE INVESTMENTS, L.P. 0.07% of their portfolio | 497.5k $7.9m | Reduced -69.4k |
| HENNESSY ADVISORS INC 0.40% of their portfolio | 496.4k $7.9m | Reduced -28.5k |
| Oaktree Fund Advisors, LLC 7.09% of their portfolio | 494.6k $7.9m | Reduced -187.8k |
| CMT Capital Markets Trading GmbH 5.52% of their portfolio | 492.1k $7.9m | Added +349.6k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 486.3k $7.8m | Reduced -133.2k |
| Amundi 0.00% of their portfolio | 485.0k $7.8m | Added +285.0k |