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 ($27.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $15.78. Options: 27 managers hold calls ($541.9m notional), 28 hold puts ($658.4m).
Trends to Q1 2025
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 |
| Q1 2025 | 477 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q1 2025 | 235 | 206 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $454.2m | $939.5m | 2.07 |
| Q3 2024 | $492.5m | $835.4m | 1.70 |
| Q4 2024 | $391.8m | $576.9m | 1.47 |
| Q1 2025 | $541.9m | $658.4m | 1.21 |
Biggest buyers
| GQG Partners LLC | Added | +18.9m |
| FMR LLC | Added | +6.1m |
| Carrhae Capital LLP | New | +4.5m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Added | +4.5m |
| Point72 Asset Management, L.P. | New | +3.5m |
| MILLENNIUM MANAGEMENT LLC | Added | +3.4m |
| JANE STREET GROUP, LLC | Added | +2.8m |
| JPMORGAN CHASE & CO | Added | +2.6m |
| NEW YORK STATE COMMON RETIREMENT FUND | New | +2.1m |
| RENAISSANCE TECHNOLOGIES LLC | Added | +1.8m |
Biggest sellers
| Itau Unibanco Holding S.A. | Reduced | -13.0m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -11.5m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -8.3m |
| GOLDMAN SACHS GROUP INC | Reduced | -3.8m |
| BAILLIE GIFFORD & CO | Reduced | -3.7m |
| MACKENZIE FINANCIAL CORP | Reduced | -2.5m |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -2.2m |
| PLATINUM INVESTMENT MANAGEMENT LTD | Sold out | -2.2m |
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -1.9m |
| Optiver Holding B.V. | Reduced | -1.7m |
Biggest calls
| CITADEL ADVISORS LLC | Added | $127.8m8.9m shares |
| Optiver Holding B.V. | Added | $111.5m7.8m shares |
| UBS Group AG | Added | $89.1m6.2m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $59.1m4.1m shares |
| BNP PARIBAS FINANCIAL MARKETS | First filing | $31.6m22.1k shares |
| JPMORGAN CHASE & CO | Reduced | $26.1m1.8m shares |
| GOLDMAN SACHS GROUP INC | Reduced | $22.5m1.6m shares |
| SIMPLEX TRADING, LLC | Added | $14.0m1.0m shares |
| GROUP ONE TRADING LLC | Reduced | $11.7m817.9k shares |
| PEAK6 LLC | New | $11.6m812.0k shares |
Biggest puts
| Optiver Holding B.V. | Added | $228.8m16.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $134.5m9.4m shares |
| UBS Group AG | Added | $46.4m3.2m shares |
| BNP PARIBAS FINANCIAL MARKETS | First filing | $39.1m27.2k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $39.0m2.7m shares |
| GROUP ONE TRADING LLC | Added | $28.2m2.0m shares |
| SIMPLEX TRADING, LLC | Added | $22.1m1.5m shares |
| CITADEL ADVISORS LLC | Added | $16.2m1.1m shares |
| JPMORGAN CHASE & CO | Reduced | $15.8m1.1m shares |
| WELLS FARGO & COMPANY/MN | New | $14.3m1.0m 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 2025
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 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| GQG Partners LLC 5.85% of their portfolio | 256.1m $3.7bn | Added +18.9m |
| BAILLIE GIFFORD & CO 0.65% of their portfolio | 51.7m $742.1m | Reduced -3.7m |
| FMR LLC 0.03% of their portfolio | 32.1m $459.8m | Added +6.1m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.43% of their portfolio | 29.8m $427.3m | Reduced -820.5k |
| LAZARD ASSET MANAGEMENT LLC 0.48% of their portfolio | 21.9m $313.7m | Added +121.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.25% of their portfolio | 21.2m $304.1m | Reduced -11.5m |
| Fisher Asset Management, LLC 0.09% of their portfolio | 15.0m $214.7m | Reduced -918.6k |
| ARGA Investment Management, LP 5.30% of their portfolio | 11.0m $158.3m | Added +38.3k |
| MORGAN STANLEY 0.01% of their portfolio | 9.9m $142.4m | Reduced -78.2k |
| BlackRock, Inc. 0.00% of their portfolio | 9.9m $142.2m | Added +321.1k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.05% of their portfolio | 9.7m $139.3m | Added +474.4k |
| Mondrian Investment Partners LTD 2.27% of their portfolio | 9.3m $132.7m | Reduced -91.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 8.1m $116.0m | Reduced -1.7m |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 7.8m $111.2m | Added +2.6m |
| THORNBURG INVESTMENT MANAGEMENT INC 1.55% of their portfolio | 7.8m $1.1bn | Added +6.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.14% of their portfolio | 6.5m $92.9m | Added +1.8m |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 6.2m $88.6m | Reduced -3.8m |
| Itau Unibanco Holding S.A. 3.36% of their portfolio | 6.1m $87.0m | Reduced -13.0m |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 5.7m $81.2m | Added +828.3k |
| Robeco Institutional Asset Management B.V. 0.15% of their portfolio | 5.5m $78.5m | Added +290.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.28% of their portfolio | 5.3m $75.6m | Added +4.5m |
| STATE STREET CORP 0.00% of their portfolio | 5.2m $74.0m | Reduced -29.5k |
| MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio | 5.0m $71.5m | Added +3.4m |
| Optiver Holding B.V. 2.69% of their portfolio | 4.9m $69.6m | Reduced -1.7m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.11% of their portfolio | 4.8m $68.9m | Added +633.7k |
| MACQUARIE GROUP LTD 0.09% of their portfolio | 4.8m $68.7m | Added +2.4k |
| RWC ASSET ADVISORS (US) LLC 11.98% of their portfolio | 4.6m $65.8m | Reduced -628.4k |
| Carrhae Capital LLP 7.53% of their portfolio | 4.5m $64.8m | New |
| Russell Investments Group, Ltd. 0.08% of their portfolio | 4.3m $61.8m | Reduced -648.2k |
| Artemis Investment Management LLP 0.86% of their portfolio | 3.9m $56.1m | Added +905.8k |
| CONTRARIAN CAPITAL MANAGEMENT, L.L.C. 14.38% of their portfolio | 3.9m $56.0m | Unchanged |
| Driehaus Capital Management LLC 0.50% of their portfolio | 3.6m $52.3m | Reduced -751.5k |
| Point72 Asset Management, L.P. 0.14% of their portfolio | 3.5m $49.8m | New |
| EARNEST PARTNERS LLC 0.22% of their portfolio | 3.2m $46.5m | Added +93.4k |
| Perpetual Ltd 0.56% of their portfolio | 3.2m $46.1m | Reduced -102.7k |
| UBS Group AG 0.01% of their portfolio | 3.1m $44.9m | Added +255.3k |
| JANE STREET GROUP, LLC 0.08% of their portfolio | 3.1m $43.9m | Added +2.8m |
| TODD ASSET MANAGEMENT LLC 1.00% of their portfolio | 3.0m $42.4m | Added +19.9k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 2.9m $42.1m | Reduced -517.0k |
| OAKTREE CAPITAL MANAGEMENT LP 0.77% of their portfolio | 2.7m $38.1m | Reduced -693.2k |
| Cullen Capital Management, LLC 0.42% of their portfolio | 2.5m $35.9m | Added +836.5k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.12% of their portfolio | 2.4m $34.3m | Reduced -852.5k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 2.3m $32.6m | Added +162.3k |
| Clark Capital Management Group, Inc. 0.23% of their portfolio | 2.2m $31.8m | Added +287.8k |
| Invesco Ltd. 0.01% of their portfolio | 2.2m $31.6m | Added +544.7k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 2.1m $30.5m | Added +447.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio | 2.1m $30.0m | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 2.0m $29.3m | Added +9.4k |
| CREDIT AGRICOLE S A 0.11% of their portfolio | 2.0m $28.7m | Added +113.7k |
| RWC Asset Management LLP 1.36% of their portfolio | 1.8m $26.3m | Reduced -307.9k |
| Annex Advisory Services, LLC 0.74% of their portfolio | 1.8m $26.1m | Added +309.8k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.24% of their portfolio | 1.8m $26.1m | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 1.7m $24.9m | First filing |
| SEI INVESTMENTS CO 0.03% of their portfolio | 1.7m $24.0m | Reduced -457.8k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 1.7m $23.8m | Added +567.9k |
| CI INVESTMENTS INC. 0.10% of their portfolio | 1.6m $23.2m | Reduced -846 |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 1.6m $22.4m | Reduced -1.9m |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 1.5m $22.1m | Reduced -74.3k |
| SPX Gestao de Recursos Ltda 2.82% of their portfolio | 1.5m $21.8m | Reduced -46.1k |
| MACKENZIE FINANCIAL CORP 0.03% of their portfolio | 1.2m $17.8m | Reduced -2.5m |
| VANGUARD GROUP INC 0.00% of their portfolio | 1.2m $16.9m | Added +287 |
| Breakout Capital Partners, LP 15.40% of their portfolio | 1.2m $16.8m | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 1.2m $16.8m | Added +313.0k |
| Allspring Global Investments Holdings, LLC 0.03% of their portfolio | 1.1m $16.1m | Reduced -103.6k |
| GROUP ONE TRADING LLC 0.61% of their portfolio | 1.0m $14.8m | Added +480.5k |
| ASSETMARK, INC 0.04% of their portfolio | 1.0m $14.5m | Added +111.8k |
| MASTERS CAPITAL MANAGEMENT LLC 3.04% of their portfolio | 1.0m $14.3m | New |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 919.4k $13.2m | Added +78.7k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.10% of their portfolio | 897.7k $12.9m | Reduced -319 |
| USS Investment Management Ltd 0.10% of their portfolio | 894.1k $12.8m | Unchanged |
| State of New Jersey Common Pension Fund D 0.05% of their portfolio | 844.5k $12.1m | Added +60.2k |
| Mitsubishi UFJ Trust & Banking Corp 0.03% of their portfolio | 719.6k $10.3m | Reduced -87.0k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 684.1k $9.8m | Added +542.0k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 679.2k $9.7m | New |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 666.8k $9.6m | Reduced -22.7k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 664.6k $9.5m | Reduced -172.8k |
| Point72 Europe (London) LLP 0.65% of their portfolio | 653.9k $9.4m | New |
| Moneda S.A. Administradora General de Fondos 10.00% of their portfolio | 649.6k $9.3m | Reduced -218.4k |
| SG Americas Securities, LLC 0.03% of their portfolio | 630.3k $9.0m | Added +51.0k |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 628.7k $9.0m | Reduced -414.1k |
| BARCLAYS PLC 0.00% of their portfolio | 604.3k $8.7m | Reduced -154.4k |
| BTG Pactual Asset Management US LLC 1.05% of their portfolio | 564.3k $8.1m | Unchanged |
| SALEM INVESTMENT COUNSELORS INC 0.26% of their portfolio | 520.9k $7.5m | Added +94.2k |
| Lumbard & Kellner, LLC 3.26% of their portfolio | 516.1k $7.4m | Reduced -254 |
| Capital Markets Trading UK LLP 8.10% of their portfolio | 495.1k $7.1m | Added +259.5k |
| SIMPLEX TRADING, LLC 0.25% of their portfolio | 483.9k $6.9m | Added +114.1k |
| Parkwood LLC 0.65% of their portfolio | 463.9k $6.7m | Reduced -65.3k |
| Squarepoint Ops LLC 0.02% of their portfolio | 460.2k $6.6m | Reduced -903.8k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 445.8k $6.4m | Added +106.1k |
| IPG Investment Advisors LLC 1.40% of their portfolio | 431.6k $6.2m | Reduced -7.0k |
| B. Metzler seel. Sohn & Co. AG 0.06% of their portfolio | 407.2k $5.8m | Added +109.8k |
| Moran Wealth Management, LLC 0.20% of their portfolio | 405.6k $5.8m | Added +12.8k |
| Employees Retirement System of Texas 0.05% of their portfolio | 400.2k $5.7m | Added +54.6k |
| HENNESSY ADVISORS INC 0.19% of their portfolio | 398.9k $5.7m | Added +95.1k |
| LPL Financial LLC 0.00% of their portfolio | 392.3k $5.6m | Added +54.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 382.2k $5.5m | Reduced -85.2k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 367.6k $5.3m | Added +51.1k |
| HighTower Advisors, LLC 0.01% of their portfolio | 344.1k $4.9m | Reduced -60.1k |
| Lesa Sroufe & Co 4.89% of their portfolio | 341.7k $4.9m | First filing |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.06% of their portfolio | 340.4k $4.9m | Added +37.3k |