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 ($4.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $14.49. Options: 30 managers hold calls ($454.2m notional), 29 hold puts ($939.5m).
Trends to Q2 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 |
| Q2 2024 | 490 |
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 |
| Q2 2024 | 241 | 233 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $849.0m | $1.1bn | 1.25 |
| Q4 2023 | $956.4m | $1.2bn | 1.20 |
| Q1 2024 | $856.8m | $1.1bn | 1.29 |
| Q2 2024 | $454.2m | $939.5m | 2.07 |
Biggest buyers
| GQG Partners LLC | Added | +16.4m |
| ACADIAN ASSET MANAGEMENT LLC | Added | +11.7m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +7.9m |
| Encompass Capital Advisors LLC | New | +5.0m |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Added | +4.1m |
| CITADEL ADVISORS LLC | Added | +3.1m |
| BlackRock Inc. | Added | +2.9m |
| Optiver Holding B.V. | Added | +2.8m |
| BANK OF AMERICA CORP /DE/ | Added | +2.4m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | New | +2.2m |
Biggest sellers
| MORGAN STANLEY | Reduced | -72.1m |
| GOLDMAN SACHS GROUP INC | Reduced | -31.4m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Sold out | -9.4m |
| JPMORGAN CHASE & CO | Reduced | -6.0m |
| Itau Unibanco Holding S.A. | Reduced | -5.7m |
| SPX Gestao de Recursos Ltda | Reduced | -4.0m |
| Artemis Investment Management LLP | Reduced | -3.4m |
| Turiya Advisors Asia Ltd | Sold out | -3.2m |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -2.2m |
| CANADA PENSION PLAN INVESTMENT BOARD | Sold out | -2.1m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $103.5m7.1m shares |
| Optiver Holding B.V. | Reduced | $93.5m6.5m shares |
| UBS Group AG | Reduced | $74.8m5.2m shares |
| GOLDMAN SACHS GROUP INC | Reduced | $33.7m2.3m shares |
| JPMORGAN CHASE & CO | Reduced | $27.5m1.9m shares |
| CITADEL ADVISORS LLC | Reduced | $16.0m1.1m shares |
| SIMPLEX TRADING, LLC | Reduced | $15.5m1.1m shares |
| BARCLAYS PLC | Added | $14.5m1.0m shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $13.7m9.4k shares |
| Eisler Capital (UK) Ltd. | New | $12.3m850.0k shares |
Biggest puts
| Optiver Holding B.V. | Added | $258.8m17.9m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $195.7m13.5m shares |
| GOLDMAN SACHS GROUP INC | Reduced | $120.2m8.3m shares |
| CITADEL ADVISORS LLC | Added | $93.3m6.4m shares |
| JPMORGAN CHASE & CO | Reduced | $46.0m3.2m shares |
| Eisler Capital (UK) Ltd. | Added | $41.3m2.9m shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $37.9m26.2k shares |
| JANE STREET GROUP, LLC | Added | $23.8m1.6m shares |
| Parallax Volatility Advisers, L.P. | New | $21.0m1.5m shares |
| SIMPLEX TRADING, LLC | Reduced | $20.6m1.4m 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 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 Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| GQG Partners LLC 4.66% of their portfolio | 212.1m $3.1bn | Added +16.4m |
| BAILLIE GIFFORD & CO 0.47% of their portfolio | 41.7m $603.6m | Reduced -412.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.46% of their portfolio | 36.1m $523.7m | Reduced -595.1k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.49% of their portfolio | 30.8m $446.8m | Added +4.1m |
| FMR LLC 0.02% of their portfolio | 25.7m $372.0m | Added +561.6k |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 19.0m $275.7m | Added +2.4m |
| LAZARD ASSET MANAGEMENT LLC 0.34% of their portfolio | 18.7m $270.4m | Reduced -62.9k |
| MORGAN STANLEY 0.02% of their portfolio | 16.6m $239.9m | Reduced -72.1m |
| BlackRock Inc. 0.00% of their portfolio | 14.6m $211.3m | Added +2.9m |
| Fisher Asset Management, LLC 0.09% of their portfolio | 14.0m $202.6m | Reduced -1.0m |
| ACADIAN ASSET MANAGEMENT LLC 0.59% of their portfolio | 13.3m $192.6m | Added +11.7m |
| ARGA Investment Management, LP 6.48% of their portfolio | 12.7m $184.5m | Reduced -518.8k |
| Mondrian Investment Partners LTD 2.22% of their portfolio | 10.1m $144.1m | Added +1.9m |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 9.1m $131.9m | Reduced -6.0m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 8.7m $126.3m | Added +7.9m |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 8.4m $121.2m | Reduced -31.4m |
| THORNBURG INVESTMENT MANAGEMENT INC 1.56% of their portfolio | 7.6m $110.8m | Unchanged |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio | 7.6m $109.7m | Reduced -91.8k |
| CITADEL ADVISORS LLC 0.10% of their portfolio | 7.3m $105.5m | Added +3.1m |
| Russell Investments Group, Ltd. 0.12% of their portfolio | 5.4m $77.5m | Reduced -60.3k |
| Encompass Capital Advisors LLC 3.96% of their portfolio | 5.0m $73.2m | New |
| STATE STREET CORP 0.00% of their portfolio | 5.0m $74.4m | Reduced -149.5k |
| MACQUARIE GROUP LTD 0.08% of their portfolio | 4.9m $71.2m | Added +2.1m |
| RWC ASSET ADVISORS (US) LLC 7.16% of their portfolio | 4.8m $70.2m | Reduced -1.9m |
| OAKTREE CAPITAL MANAGEMENT LP 1.13% of their portfolio | 4.5m $65.3m | Reduced -593.1k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 4.3m $62.3m | Reduced -623.0k |
| Robeco Institutional Asset Management B.V. 0.13% of their portfolio | 4.3m $61.7m | Added +54.5k |
| CONTRARIAN CAPITAL MANAGEMENT, L.L.C. 18.78% of their portfolio | 4.1m $59.8m | Reduced -272.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.05% of their portfolio | 3.7m $54.3m | Added +1.0m |
| CITIGROUP INC 0.05% of their portfolio | 3.7m $53.8m | Reduced -1.0m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.09% of their portfolio | 3.7m $53.1m | Added +1.5m |
| Optiver Holding B.V. 0.98% of their portfolio | 3.5m $50.6m | Added +2.8m |
| EARNEST PARTNERS LLC 0.22% of their portfolio | 3.2m $46.0m | Reduced -101.5k |
| Perpetual Ltd 0.49% of their portfolio | 3.1m $45.3m | Reduced -580.9k |
| SEI INVESTMENTS CO 0.06% of their portfolio | 3.0m $43.2m | Added +945.2k |
| Cullen Capital Management, LLC 0.48% of their portfolio | 2.9m $42.1m | Added +10.9k |
| Artemis Investment Management LLP 0.56% of their portfolio | 2.9m $42.0m | Reduced -3.4m |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 2.7m $39.1m | Reduced -2.0m |
| COMPASS GROUP LLC 27.84% of their portfolio | 2.6m $37.3m | Reduced -140.4k |
| TODD ASSET MANAGEMENT LLC 0.70% of their portfolio | 2.3m $33.8m | Added +33.1k |
| PLATINUM INVESTMENT MANAGEMENT LTD 1.35% of their portfolio | 2.3m $33.4m | Reduced -950.4k |
| NS Partners Ltd 1.51% of their portfolio | 2.3m $33.3m | Reduced -108.1k |
| MARSHALL WACE, LLP 0.05% of their portfolio | 2.2m $32.5m | Reduced -164.7k |
| Moneda S.A. Administradora General de Fondos 22.84% of their portfolio | 2.2m $32.5m | Reduced -683.3k |
| UBS Group AG 0.01% of their portfolio | 2.2m $32.1m | Reduced -907.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.12% of their portfolio | 2.2m $31.4m | New |
| Itau Unibanco Holding S.A. 1.14% of their portfolio | 1.9m $27.9m | Reduced -5.7m |
| CI INVESTMENTS INC. 0.11% of their portfolio | 1.9m $27.5m | Added +15.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 1.8m $26.0m | Added +558.1k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 1.8m $25.7m | Added +99.6k |
| CREDIT AGRICOLE S A 0.16% of their portfolio | 1.7m $25.3m | Added +188.0k |
| RWC Asset Management LLP 1.70% of their portfolio | 1.7m $24.1m | Reduced -648.1k |
| Invesco Ltd. 0.00% of their portfolio | 1.6m $23.3m | Added +339.2k |
| Clark Capital Management Group, Inc. 0.16% of their portfolio | 1.5m $21.6m | Added +348.1k |
| MACKENZIE FINANCIAL CORP 0.03% of their portfolio | 1.4m $20.8m | Added +39.7k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.07% of their portfolio | 1.4m $20.7m | Reduced -247.3k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.19% of their portfolio | 1.4m $20.7m | Added +18.8k |
| TWO SIGMA ADVISERS, LP 0.04% of their portfolio | 1.3m $19.4m | Added +27.8k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.2m $17.9m | Added +67.8k |
| Allspring Global Investments Holdings, LLC 0.03% of their portfolio | 1.2m $17.9m | Added +1.1k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 1.2m $17.7m | Reduced -753.8k |
| Breakout Capital Partners, LP 20.50% of their portfolio | 1.2m $17.0m | Unchanged |
| VANGUARD GROUP INC 0.00% of their portfolio | 1.1m $16.4m | Reduced -28.0k |
| Pictet Asset Management Holding SA 0.02% of their portfolio | 1.1m $16.2m | Added +233.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 959.8k $13.9m | Added +10.2k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.14% of their portfolio | 926.8k $13.4m | Added +47.5k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.04% of their portfolio | 919.5k $13.3m | Reduced -1.9m |
| ASSETMARK, INC 0.04% of their portfolio | 896.4k $13.0m | Added +2.8k |
| USS Investment Management Ltd 0.10% of their portfolio | 894.1k $13.0m | Reduced -298.2k |
| Annex Advisory Services, LLC 0.45% of their portfolio | 890.4k $12.9m | Added +538.0k |
| SPX Gestao de Recursos Ltda 1.87% of their portfolio | 852.2k $12.3m | Reduced -4.0m |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 835.6k $12.1m | Reduced -47.4k |
| Greenwoods Asset Management Hong Kong Ltd. 0.30% of their portfolio | 789.7k $11.4m | New |
| State of New Jersey Common Pension Fund D 0.05% of their portfolio | 767.4k $11.1m | Reduced -216.3k |
| Alberta Investment Management Corp 0.11% of their portfolio | 697.8k $10.1m | Reduced -20.2k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 691.5k $10.0m | Reduced -634.2k |
| Connor, Clark & Lunn Investment Management Ltd. 0.04% of their portfolio | 636.6k $9.2m | Reduced -1.5m |
| Squarepoint Ops LLC 0.03% of their portfolio | 607.4k $8.8m | Reduced -243.3k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 604.2k $8.8m | Added +130.9k |
| BTG Pactual Asset Management US LLC 2.05% of their portfolio | 564.3k $8.2m | First filing |
| COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio | 547.5k $7.9m | Reduced -82.1k |
| BARCLAYS PLC 0.00% of their portfolio | 532.7k $7.7m | Added +181.3k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 523.1k $7.6m | Reduced -682.0k |
| HighTower Advisors, LLC 0.01% of their portfolio | 517.8k $7.5m | Reduced -12.4k |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 513.3k $7.4m | Reduced -37.6k |
| Paradiem, LLC 1.82% of their portfolio | 500.6k $7.3m | Reduced -2.8k |
| Oaktree Fund Advisors, LLC 6.48% of their portfolio | 476.4k $6.9m | Reduced -55.8k |
| SG Americas Securities, LLC 0.04% of their portfolio | 476.2k $6.9m | Added +444.3k |
| Amundi 0.00% of their portfolio | 435.0k $6.4m | Unchanged |
| Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio | 431.0k $6.2m | Added +52.1k |
| Lumbard & Kellner, LLC 2.95% of their portfolio | 430.5k $6.2m | Reduced -3.8k |
| Employees Retirement System of Texas 0.06% of their portfolio | 427.4k $6.2m | Added +6.2k |
| Moran Wealth Management, LLC 0.20% of their portfolio | 420.1k $6.1m | Added +4.9k |
| SALEM INVESTMENT COUNSELORS INC 0.19% of their portfolio | 414.3k $6.0m | Added +45.7k |
| FIL Ltd 0.01% of their portfolio | 400.9k $5.8m | Added +131.8k |
| Capital Markets Trading UK LLP 4.20% of their portfolio | 395.0k $5.7m | Added +11.0k |
| LPL Financial LLC 0.00% of their portfolio | 388.4k $5.6m | Added +33.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 382.0k $5.5m | Reduced -392.7k |
| NorthCoast Asset Management LLC 0.05% of their portfolio | 376.3k $5.5m | New |
| Capital International Investors 0.00% of their portfolio | 366.5k $5.3m | Reduced -4.9k |