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 ($20.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $15.22. Options: 28 managers hold calls ($856.8m notional), 31 hold puts ($1.1bn).
Trends to Q1 2024
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 |
| Q1 2024 | 499 |
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 |
| Q1 2024 | 278 | 191 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $529.8m | $821.5m | 1.55 |
| Q3 2023 | $849.0m | $1.1bn | 1.25 |
| Q4 2023 | $956.4m | $1.2bn | 1.20 |
| Q1 2024 | $856.8m | $1.1bn | 1.29 |
Biggest buyers
| MORGAN STANLEY | Added | +51.4m |
| GOLDMAN SACHS GROUP INC | Added | +15.9m |
| BANK OF AMERICA CORP /DE/ | Added | +7.6m |
| JPMORGAN CHASE & CO | Added | +4.4m |
| Perpetual Ltd | New | +3.7m |
| STATE OF WISCONSIN INVESTMENT BOARD | New | +2.8m |
| CITADEL ADVISORS LLC | Added | +2.4m |
| Cullen Capital Management, LLC | Added | +2.3m |
| NATIONAL BANK OF CANADA /FI/ | Added | +2.1m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +1.6m |
Biggest sellers
| GQG Partners LLC | Reduced | -17.4m |
| Artisan Partners Limited Partnership | Sold out | -13.7m |
| FMR LLC | Reduced | -12.2m |
| BAILLIE GIFFORD & CO | Reduced | -4.7m |
| LAZARD ASSET MANAGEMENT LLC | Reduced | -4.3m |
| Qube Research & Technologies Ltd | Reduced | -4.3m |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -3.9m |
| TT International Asset Management LTD | Sold out | -2.9m |
| SPX Gestao de Recursos Ltda | Reduced | -2.8m |
| Vinland Capital Management Gestora de Recursos LTDA. | Reduced | -2.3m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $191.7m12.6m shares |
| Optiver Holding B.V. | Reduced | $191.7m12.6m shares |
| UBS Group AG | Added | $100.1m6.6m shares |
| CITADEL ADVISORS LLC | Added | $79.3m5.2m shares |
| GOLDMAN SACHS GROUP INC | Reduced | $64.2m4.2m shares |
| JPMORGAN CHASE & CO | Added | $57.3m3.8m shares |
| SIMPLEX TRADING, LLC | Reduced | $26.1m1.7m shares |
| NOMURA HOLDINGS INC | Added | $24.0m1.6m shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $20.7m13.6k shares |
| Walleye Capital LLC | Added | $13.9m916.1k shares |
Biggest puts
| Optiver Holding B.V. | Reduced | $230.0m15.1m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $172.6m11.3m shares |
| JPMORGAN CHASE & CO | Reduced | $138.8m9.1m shares |
| GOLDMAN SACHS GROUP INC | Reduced | $129.4m8.5m shares |
| CITADEL ADVISORS LLC | Added | $81.6m5.4m shares |
| NOMURA HOLDINGS INC | Added | $54.3m3.6m shares |
| Balyasny Asset Management L.P. | New | $48.7m3.2m shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $43.6m28.7k shares |
| Squarepoint Ops LLC | Reduced | $32.5m2.1m shares |
| Eisler Capital (UK) Ltd. | Unchanged | $30.4m2.0m 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 2024
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 2024.
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| GQG Partners LLC 4.79% of their portfolio | 195.7m $3.0bn | Reduced -17.4m |
| MORGAN STANLEY 0.04% of their portfolio | 88.7m $1.3bn | Added +51.4m |
| BAILLIE GIFFORD & CO 0.50% of their portfolio | 42.1m $639.8m | Reduced -4.7m |
| GOLDMAN SACHS GROUP INC 0.13% of their portfolio | 39.7m $604.5m | Added +15.9m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.52% of their portfolio | 36.7m $558.8m | Reduced -1.2m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.48% of their portfolio | 26.8m $407.0m | Added +42.2k |
| FMR LLC 0.03% of their portfolio | 25.1m $381.9m | Reduced -12.2m |
| LAZARD ASSET MANAGEMENT LLC 0.35% of their portfolio | 18.7m $284.8m | Reduced -4.3m |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 16.7m $253.7m | Added +7.6m |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 15.1m $230.1m | Added +4.4m |
| Fisher Asset Management, LLC 0.11% of their portfolio | 15.0m $228.6m | Reduced -1.7m |
| ARGA Investment Management, LP 6.75% of their portfolio | 13.3m $201.6m | Reduced -644.2k |
| BlackRock Inc. 0.00% of their portfolio | 11.7m $177.8m | Reduced -750.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 9.4m $143.7m | Reduced -531.9k |
| Mondrian Investment Partners LTD 1.72% of their portfolio | 8.2m $124.9m | Added +8.5k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio | 7.7m $116.5m | Added +250.1k |
| THORNBURG INVESTMENT MANAGEMENT INC 1.62% of their portfolio | 7.6m $116.3m | Unchanged |
| Itau Unibanco Holding S.A. 4.98% of their portfolio | 7.6m $116.2m | Reduced -487.1k |
| RWC ASSET ADVISORS (US) LLC 8.03% of their portfolio | 6.7m $102.3m | Reduced -87.5k |
| Artemis Investment Management LLP 1.24% of their portfolio | 6.3m $95.5m | Added +1.4m |
| Russell Investments Group, Ltd. 0.13% of their portfolio | 5.4m $82.3m | Added +9.4k |
| STATE STREET CORP 0.00% of their portfolio | 5.1m $78.3m | Reduced -232.2k |
| OAKTREE CAPITAL MANAGEMENT LP 1.24% of their portfolio | 5.1m $77.6m | Added +332.9k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 4.9m $74.8m | Reduced -1.2m |
| SPX Gestao de Recursos Ltda 6.39% of their portfolio | 4.8m $73.0m | Reduced -2.8m |
| CITIGROUP INC 0.08% of their portfolio | 4.8m $72.4m | Added +739.9k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 4.7m $72.1m | Reduced -285.5k |
| CONTRARIAN CAPITAL MANAGEMENT, L.L.C. 18.25% of their portfolio | 4.4m $66.9m | Reduced -128.1k |
| Robeco Institutional Asset Management B.V. 0.14% of their portfolio | 4.2m $63.9m | Reduced -2.1m |
| CITADEL ADVISORS LLC 0.06% of their portfolio | 4.2m $63.4m | Added +2.4m |
| Perpetual Ltd 0.55% of their portfolio | 3.7m $56.3m | New |
| EARNEST PARTNERS LLC 0.23% of their portfolio | 3.3m $49.8m | Added +151.1k |
| PLATINUM INVESTMENT MANAGEMENT LTD 2.00% of their portfolio | 3.3m $49.5m | Reduced -199.6k |
| Turiya Advisors Asia Ltd 13.86% of their portfolio | 3.2m $49.3m | Unchanged |
| UBS Group AG 0.02% of their portfolio | 3.1m $47.5m | Reduced -753.9k |
| Moneda S.A. Administradora General de Fondos 25.00% of their portfolio | 2.9m $44.5m | Reduced -260.3k |
| Cullen Capital Management, LLC 0.49% of their portfolio | 2.9m $44.0m | Added +2.3m |
| MACQUARIE GROUP LTD 0.05% of their portfolio | 2.8m $42.5m | Added +966.7k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.11% of their portfolio | 2.8m $42.4m | New |
| COMPASS GROUP LLC 17.85% of their portfolio | 2.7m $41.3m | Added +386.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio | 2.7m $41.2m | Reduced -1.2m |
| MARSHALL WACE, LLP 0.06% of their portfolio | 2.4m $36.7m | Added +708.9k |
| NS Partners Ltd 1.68% of their portfolio | 2.4m $36.6m | Added +174.5k |
| RWC Asset Management LLP 2.20% of their portfolio | 2.3m $35.2m | Reduced -259.6k |
| TODD ASSET MANAGEMENT LLC 0.72% of their portfolio | 2.3m $35.0m | Added +381.7k |
| NATIONAL BANK OF CANADA /FI/ 0.07% of their portfolio | 2.3m $39.0m | Added +2.1m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.05% of their portfolio | 2.2m $33.4m | Added +1.6m |
| Connor, Clark & Lunn Investment Management Ltd. 0.14% of their portfolio | 2.1m $32.5m | Added +845.1k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio | 2.1m $31.9m | Unchanged |
| Driehaus Capital Management LLC 0.31% of their portfolio | 2.1m $31.4m | Added +195.6k |
| SEI INVESTMENTS CO 0.05% of their portfolio | 2.0m $31.0m | Reduced -701.7k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 2.0m $30.1m | Reduced -2.1m |
| CI INVESTMENTS INC. 0.11% of their portfolio | 1.9m $28.6m | Reduced -1.3m |
| Qube Research & Technologies Ltd 0.05% of their portfolio | 1.8m $26.6m | Reduced -4.3m |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.09% of their portfolio | 1.7m $25.5m | Reduced -599.4k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 1.7m $25.5m | Added +85.0k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 1.6m $24.4m | Added +156.9k |
| CREDIT AGRICOLE S A 0.41% of their portfolio | 1.6m $24.3m | Added +95.0k |
| ACADIAN ASSET MANAGEMENT LLC 0.08% of their portfolio | 1.6m $23.6m | Added +995.2k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.19% of their portfolio | 1.4m $21.5m | Added +405.9k |
| MACKENZIE FINANCIAL CORP 0.03% of their portfolio | 1.4m $21.2m | Reduced -1.1m |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 1.3m $20.2m | Added +542.1k |
| TWO SIGMA ADVISERS, LP 0.05% of their portfolio | 1.3m $19.9m | Reduced -1.7m |
| Invesco Ltd. 0.00% of their portfolio | 1.3m $19.3m | Added +46.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 1.2m $18.8m | Added +497.3k |
| Allspring Global Investments Holdings, LLC 0.03% of their portfolio | 1.2m $18.8m | Added +1.7k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 1.2m $18.3m | Added +878.9k |
| USS Investment Management Ltd 0.15% of their portfolio | 1.2m $18.1m | Unchanged |
| Breakout Capital Partners, LP 11.94% of their portfolio | 1.2m $17.8m | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.2m $17.8m | Added +150.6k |
| VANGUARD GROUP INC 0.00% of their portfolio | 1.2m $17.7m | Added +41.4k |
| Clark Capital Management Group, Inc. 0.13% of their portfolio | 1.1m $17.4m | New |
| Vinland Capital Management Gestora de Recursos LTDA. 13.67% of their portfolio | 1.1m $16.4m | Reduced -2.3m |
| State of New Jersey Common Pension Fund D 0.05% of their portfolio | 983.8k $15.0m | Reduced -81.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 949.7k $14.4m | Reduced -505.2k |
| ASSETMARK, INC 0.04% of their portfolio | 893.7k $13.6m | Added +361.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 883.0k $13.4m | Added +276.7k |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 882.6k $13.4m | Added +62.5k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.15% of their portfolio | 879.3k $13.4m | Added +62.9k |
| Squarepoint Ops LLC 0.05% of their portfolio | 850.6k $12.9m | Added +270.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 824.4k $12.5m | Unchanged |
| HCEP Management Ltd 2.29% of their portfolio | 800.0k $12.2m | New |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 774.7k $11.8m | Added +544.0k |
| Optiver Holding B.V. 0.46% of their portfolio | 725.0k $11.0m | New |
| Alberta Investment Management Corp 0.11% of their portfolio | 718.0k $10.9m | Unchanged |
| WEXFORD CAPITAL LP 2.20% of their portfolio | 706.6k $10.7m | New |
| CMT Capital Markets Trading GmbH 4.77% of their portfolio | 687.7k $10.5m | Added +195.6k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio | 629.7k $9.6m | Added +35.6k |
| Trexquant Investment LP 0.17% of their portfolio | 569.4k $8.7m | Added +265.1k |
| BTG Pactual Global Asset Management Ltd 2.74% of their portfolio | 564.3k $8.6m | Unchanged |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 551.0k $8.4m | Added +432.2k |
| Man Group plc 0.02% of their portfolio | 532.3k $8.1m | Added +133.3k |
| Oaktree Fund Advisors, LLC 7.27% of their portfolio | 532.2k $8.1m | Added +37.6k |
| HighTower Advisors, LLC 0.01% of their portfolio | 530.2k $8.1m | Added +257.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 529.5k $8.1m | Reduced -3.9m |
| NOMURA HOLDINGS INC 0.06% of their portfolio | 515.6k $7.8m | Added +414.6k |
| Paradiem, LLC 1.89% of their portfolio | 503.3k $7.7m | Added +35.4k |
| PINEBRIDGE INVESTMENTS, L.P. 0.06% of their portfolio | 489.9k $7.5m | Reduced -7.6k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 473.3k $7.2m | New |
| Amundi 0.00% of their portfolio | 435.0k $6.8m | Reduced -50.0k |