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 ($18.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $12.88. Options: 30 managers hold calls ($391.8m notional), 32 hold puts ($576.9m).
Trends to Q4 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 |
| Q3 2024 | 489 |
| Q4 2024 | 486 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2023 | 195 | 199 |
| Q2 2023 | 173 | 206 |
| Q3 2023 | 213 | 164 |
| Q4 2023 | 236 | 182 |
| Q1 2024 | 278 | 191 |
| Q2 2024 | 241 | 233 |
| Q3 2024 | 230 | 224 |
| Q4 2024 | 193 | 244 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $856.8m | $1.1bn | 1.29 |
| Q2 2024 | $454.2m | $939.5m | 2.07 |
| Q3 2024 | $492.5m | $835.4m | 1.70 |
| Q4 2024 | $391.8m | $576.9m | 1.47 |
Biggest buyers
| Itau Unibanco Holding S.A. | Added | +15.5m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +8.4m |
| Optiver Holding B.V. | Added | +6.3m |
| GQG Partners LLC | Added | +6.0m |
| GOLDMAN SACHS GROUP INC | Added | +5.5m |
| RENAISSANCE TECHNOLOGIES LLC | Added | +3.4m |
| LAZARD ASSET MANAGEMENT LLC | Added | +3.1m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +2.8m |
| MACKENZIE FINANCIAL CORP | Added | +2.3m |
| Squarepoint Ops LLC | Added | +1.3m |
Biggest sellers
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -13.4m |
| JPMORGAN CHASE & CO | Reduced | -10.1m |
| BAILLIE GIFFORD & CO | Reduced | -6.7m |
| Encompass Capital Advisors LLC | Sold out | -6.0m |
| CITADEL ADVISORS LLC | Reduced | -4.6m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -2.7m |
| MORGAN STANLEY | Reduced | -2.4m |
| BANK OF AMERICA CORP /DE/ | Reduced | -1.6m |
| FMR LLC | Reduced | -1.6m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -1.5m |
Biggest calls
| Optiver Holding B.V. | Reduced | $97.1m7.5m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $47.4m3.7m shares |
| UBS Group AG | Added | $46.7m3.6m shares |
| GOLDMAN SACHS GROUP INC | Added | $34.0m2.6m shares |
| JPMORGAN CHASE & CO | Reduced | $29.8m2.3m shares |
| JANE STREET GROUP, LLC | Added | $26.4m2.1m shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $18.8m14.6k shares |
| GROUP ONE TRADING LLC | New | $17.0m1.3m shares |
| CITADEL ADVISORS LLC | Reduced | $13.1m1.0m shares |
| SIMPLEX TRADING, LLC | Reduced | $10.9m849.3k shares |
Biggest puts
| Optiver Holding B.V. | Reduced | $176.0m13.7m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $101.3m7.9m shares |
| GOLDMAN SACHS GROUP INC | Added | $63.5m4.9m shares |
| UBS Group AG | Added | $31.2m2.4m shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $31.0m24.1k shares |
| JPMORGAN CHASE & CO | Reduced | $29.8m2.3m shares |
| GROUP ONE TRADING LLC | New | $21.6m1.7m shares |
| CITIGROUP INC | Added | $20.6m1.6m shares |
| SIMPLEX TRADING, LLC | Reduced | $18.4m1.4m shares |
| Squarepoint Ops LLC | Reduced | $18.4m1.4m 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 Q4 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 Q4 2024.
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| GQG Partners LLC 4.53% of their portfolio | 237.2m $3.1bn | Added +6.0m |
| BAILLIE GIFFORD & CO 0.55% of their portfolio | 55.4m $712.8m | Reduced -6.7m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.34% of their portfolio | 32.7m $420.1m | Added +8.4m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.37% of their portfolio | 30.6m $390.4m | Added +162.7k |
| FMR LLC 0.02% of their portfolio | 26.0m $333.8m | Reduced -1.6m |
| LAZARD ASSET MANAGEMENT LLC 0.41% of their portfolio | 21.8m $279.8m | Added +3.1m |
| Itau Unibanco Holding S.A. 7.59% of their portfolio | 19.1m $243.3m | Added +15.5m |
| Fisher Asset Management, LLC 0.08% of their portfolio | 15.9m $204.3m | Added +68.3k |
| ARGA Investment Management, LP 4.62% of their portfolio | 11.0m $141.4m | Reduced -213.2k |
| MORGAN STANLEY 0.01% of their portfolio | 10.0m $128.7m | Reduced -2.4m |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 10.0m $128.3m | Added +5.5m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 9.8m $125.9m | Added +2.8m |
| BlackRock, Inc. 0.00% of their portfolio | 9.6m $123.4m | Reduced -1.3m |
| Mondrian Investment Partners LTD 2.20% of their portfolio | 9.3m $132.8m | Reduced -267.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.04% of their portfolio | 9.2m $118.8m | Added +1.1m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 8.3m $107.1m | Reduced -1.5m |
| THORNBURG INVESTMENT MANAGEMENT INC 1.32% of their portfolio | 7.7m $99.6m | Reduced -3.7k |
| Optiver Holding B.V. 2.73% of their portfolio | 6.6m $84.6m | Added +6.3m |
| RWC ASSET ADVISORS (US) LLC 13.38% of their portfolio | 5.2m $67.1m | Reduced -299.6k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 5.2m $66.8m | Reduced -10.1m |
| STATE STREET CORP 0.00% of their portfolio | 5.2m $71.7m | Added +241.8k |
| Robeco Institutional Asset Management B.V. 0.13% of their portfolio | 5.2m $66.6m | Added +611.4k |
| Russell Investments Group, Ltd. 0.09% of their portfolio | 5.0m $63.7m | Reduced -636.0k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 4.8m $62.2m | Reduced -1.6m |
| MACQUARIE GROUP LTD 0.07% of their portfolio | 4.8m $61.6m | Added +19.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.09% of their portfolio | 4.7m $60.7m | Added +3.4m |
| Driehaus Capital Management LLC 0.47% of their portfolio | 4.4m $56.6m | Reduced -303.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.08% of their portfolio | 4.2m $53.6m | Reduced -973.4k |
| CONTRARIAN CAPITAL MANAGEMENT, L.L.C. 17.01% of their portfolio | 3.9m $50.2m | Reduced -219.5k |
| MACKENZIE FINANCIAL CORP 0.02% of their portfolio | 3.7m $47.6m | Added +2.3m |
| VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio | 3.5m $45.1m | Reduced -174.8k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 3.5m $44.4m | Reduced -661.7k |
| OAKTREE CAPITAL MANAGEMENT LP 0.82% of their portfolio | 3.4m $43.1m | Reduced -716.5k |
| Perpetual Ltd 0.50% of their portfolio | 3.3m $42.6m | Added +163.7k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.14% of their portfolio | 3.2m $41.7m | Reduced -212.8k |
| EARNEST PARTNERS LLC 0.18% of their portfolio | 3.1m $40.5m | Reduced -20.0k |
| Artemis Investment Management LLP 0.55% of their portfolio | 3.0m $38.6m | Reduced -42.0k |
| TODD ASSET MANAGEMENT LLC 0.90% of their portfolio | 2.9m $37.8m | Reduced -20.9k |
| UBS Group AG 0.01% of their portfolio | 2.9m $37.0m | Added +765.3k |
| ACADIAN ASSET MANAGEMENT LLC 0.08% of their portfolio | 2.2m $28.5m | Reduced -13.4m |
| PLATINUM INVESTMENT MANAGEMENT LTD 1.64% of their portfolio | 2.2m $28.0m | Reduced -120.4k |
| RWC Asset Management LLP 1.38% of their portfolio | 2.1m $27.6m | Added +190.4k |
| SEI INVESTMENTS CO 0.04% of their portfolio | 2.1m $27.4m | Reduced -837.0k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 2.1m $27.1m | Added +54.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 2.0m $26.2m | Added +792.4k |
| Clark Capital Management Group, Inc. 0.17% of their portfolio | 1.9m $24.8m | Reduced -791.9k |
| CREDIT AGRICOLE S A 0.08% of their portfolio | 1.9m $24.3m | Added +78.5k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.21% of their portfolio | 1.8m $23.4m | Added +121.4k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 1.7m $21.6m | Reduced -303.4k |
| Cullen Capital Management, LLC 0.25% of their portfolio | 1.7m $21.5m | Reduced -831.9k |
| Invesco Ltd. 0.00% of their portfolio | 1.7m $21.3m | Added +32.1k |
| CI INVESTMENTS INC. 0.08% of their portfolio | 1.6m $20.8m | Reduced -275.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 1.6m $20.7m | Reduced -225.4k |
| SPX Gestao de Recursos Ltda 3.04% of their portfolio | 1.6m $20.1m | Added +1.0m |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 1.6m $20.1m | Added +781.6k |
| Annex Advisory Services, LLC 0.58% of their portfolio | 1.5m $19.4m | Added +542.1k |
| Connor, Clark & Lunn Investment Management Ltd. 0.09% of their portfolio | 1.5m $18.9m | Added +965.8k |
| Squarepoint Ops LLC 0.05% of their portfolio | 1.4m $17.5m | Added +1.3m |
| Trexquant Investment LP 0.18% of their portfolio | 1.2m $15.8m | Added +562.9k |
| Allspring Global Investments Holdings, LLC 0.03% of their portfolio | 1.2m $16.1m | Added +10.6k |
| VANGUARD GROUP INC 0.00% of their portfolio | 1.2m $15.1m | Added +40.9k |
| Breakout Capital Partners, LP 17.15% of their portfolio | 1.2m $15.1m | Unchanged |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 1.1m $14.0m | Reduced -230.0k |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 1.0m $13.4m | Added +900 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.10% of their portfolio | 898.0k $11.5m | Reduced -52.4k |
| ASSETMARK, INC 0.03% of their portfolio | 896.7k $11.5m | Reduced -43.1k |
| USS Investment Management Ltd 0.08% of their portfolio | 894.1k $11.5m | Unchanged |
| Moneda S.A. Administradora General de Fondos 11.61% of their portfolio | 868.1k $11.2m | Reduced -500.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 855.4k $11.0m | Added +4.2k |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 840.7k $10.8m | Reduced -356.3k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 837.4k $10.8m | Added +124.6k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio | 813.9k $10.5m | Reduced -2.7m |
| Mitsubishi UFJ Trust & Banking Corp 0.02% of their portfolio | 806.6k $10.4m | Reduced -54.3k |
| Greenwoods Asset Management Hong Kong Ltd. 0.32% of their portfolio | 789.7k $10.2m | Unchanged |
| State of New Jersey Common Pension Fund D 0.04% of their portfolio | 784.3k $10.1m | Added +36.9k |
| BARCLAYS PLC 0.00% of their portfolio | 758.7k $9.8m | Added +445.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 689.5k $8.9m | Reduced -61.5k |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 654.0k $8.4m | Reduced -378.2k |
| Parallax Volatility Advisers, L.P. 0.17% of their portfolio | 588.6k $7.6m | Added +553.2k |
| SG Americas Securities, LLC 0.03% of their portfolio | 579.3k $7.4m | Added +327.8k |
| BTG Pactual Asset Management US LLC 0.94% of their portfolio | 564.3k $7.3m | Unchanged |
| GROUP ONE TRADING LLC 0.24% of their portfolio | 548.4k $7.1m | New |
| Parkwood LLC 0.84% of their portfolio | 529.1k $6.8m | Added +241.9k |
| Lumbard & Kellner, LLC 2.85% of their portfolio | 516.3k $6.6m | Added +76.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 502.3k $6.5m | Added +367.3k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 490.2k $6.3m | Reduced -286.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 467.4k $6.0m | Reduced -488.1k |
| IPG Investment Advisors LLC 1.39% of their portfolio | 438.6k $6.1m | Added +125.9k |
| SALEM INVESTMENT COUNSELORS INC 0.18% of their portfolio | 426.7k $5.5m | Added +10.4k |
| HighTower Advisors, LLC 0.01% of their portfolio | 404.2k $5.2m | Reduced -197.0k |
| Moran Wealth Management, LLC 0.16% of their portfolio | 392.8k $5.1m | Reduced -20.5k |
| Amundi 0.00% of their portfolio | 385.0k $5.2m | Added +30.0k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.02% of their portfolio | 378.5k $4.9m | Reduced -860.5k |
| SIMPLEX TRADING, LLC 0.13% of their portfolio | 369.8k $4.8m | Added +103.0k |
| Capital International Investors 0.00% of their portfolio | 366.5k $4.7m | Unchanged |
| Employees Retirement System of Texas 0.04% of their portfolio | 345.6k $4.4m | Unchanged |
| Capital Wealth Planning, LLC 0.04% of their portfolio | 342.8k $4.4m | Added +72.9k |
| Ramirez Asset Management, Inc. 0.88% of their portfolio | 340.0k $4.4m | Reduced -16.2k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 339.7k $4.4m | Added +29.5k |
| LPL Financial LLC 0.00% of their portfolio | 338.2k $4.3m | Added +55.0k |