Carrhae Capital’s Petrobras PBR Stock Holding History

Carrhae Capital’s Portfolio PBR Stock Details PBR Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q3	$84.7M	Sell	4,057,844 -1,354,065	-25%	-$25.7M	2.73%	12
2026 Q2	$87.5M	Buy	+5,411,909	New	+$106M	2.41%	11
2025 Q2	–	Sell	-4,516,382	Closed	-$64.8M	–	35
2025 Q1	$64.8M	Buy	+4,516,382	New	+$62.3M	4.74%	8
2022 Q1	–	Sell	-1,428,953	Closed	-$15.7M	–	20
2021 Q4	$15.7M	Buy	+1,428,953	New	+$15.1M	5.38%	5
2020 Q2	–	Sell	-698,935	Closed	-$3.84M	–	13
2020 Q1	$3.84M	Buy	+698,935	New	+$8.34M	3.11%	6
2019 Q4	–	Sell	-895,892	Closed	-$13M	–	9
2019 Q3	$13M	Sell	895,892 -365,655	-29%	-$5.37M	4.47%	6
2019 Q2	$19.6M	Buy	1,261,547 +366,412	+41%	+$5.59M	6.15%	5
2019 Q1	$14.3M	Sell	895,135 -205,759	-19%	-$3.27M	5.99%	5
2018 Q4	$14.3M	Buy	+1,100,894	New	+$15.9M	4.55%	10

Other funds holding PBR

Robeco Institutional Asset Management Rotterdam, Netherlands $83.2B AUM 35.34% 1-Year Est. Return

Mondrian Investment Partners London, United Kingdom $5.39B AUM 14.53% 1-Year Est. Return

Artemis Investment Management Edinburgh, United Kingdom $11.5B AUM 61.77% 1-Year Est. Return

Perpetual Ltd Sydney, New South Wales, Australia $6.57B AUM 14.15% 1-Year Est. Return

RWC Asset Advisors Miami, Florida $377M AUM 46.95% 1-Year Est. Return

RWC Asset Management London, United Kingdom $2.7B AUM 20.82% 1-Year Est. Return

Todd Asset Management Louisville, Kentucky $5.51B AUM 33.77% 1-Year Est. Return

Annex Advisory Services Brookfield, Wisconsin $6.11B AUM 13.75% 1-Year Est. Return

AssetMark Inc Concord, California $59.5B AUM 15.92% 1-Year Est. Return

WOCP

White Oak Capital Partners Singapore $343M AUM 6.37% 1-Year Est. Return

Carrhae Capital's PBR Position: Q3 2026 in Review

Carrhae Capital reduced its Petrobras (PBR) stake by 25% in Q3 2026, selling an estimated $25.7M and leaving 4,057,844 shares worth $84.7M. The position accounts for 2.73% of the portfolio, ranked #12.

Carrhae Capital first reported a position in PBR in Q4 2018 and has held it in 9 quarters since. The position peaked at $87.5M in Q2 2026. 146 funds tracked by Wall St. Rank hold PBR as of Q3 2026.

Carrhae Capital held 4,057,844 shares of Petrobras worth $84.7M as of Q3 2026.
Carrhae Capital sold 1,354,065 Petrobras shares in Q3 2026, an estimated $25.7M.
Petrobras made up 2.73% of Carrhae Capital's portfolio in Q3 2026, its #12 holding.
Carrhae Capital first reported a position in Petrobras in Q4 2018 and has held it in 9 quarters since.
Carrhae Capital's Petrobras position peaked at $87.5M in Q2 2026.
146 funds tracked by Wall St. Rank held Petrobras as of Q3 2026.

Based on Carrhae Capital's 13F filing for Q3 2026, filed 20 Oct 2026.