Masters Capital Management’s Petrobras PBR Stock Holding History

Masters Capital Management’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
2025 Q4	–	Sell	-1,000,000	Closed	-$12.7M	–	112
2025 Q3	$12.7M	Hold	1,000,000	–	–	2.03%	51
2025 Q2	$12.5M	Hold	1,000,000	–	–	2.41%	43
2025 Q1	$14.3M	Buy	+1,000,000	New	+$13.8M	3.04%	39
2023 Q1	–	Sell	-1,000,000	Closed	-$10.7M	–	86
2022 Q4	$10.7M	Buy	+1,000,000	New	+$12.1M	2.63%	35
2022 Q1	–	Hold	0	–	–	–	77
2021 Q4	–	Hold	0	–	–	–	93
2021 Q3	–	Hold	0	–	–	–	93
2015 Q2	–	Hold	0	–	–	–	87
2015 Q1	–	Hold	0	–	–	–	92
2014 Q4	–	Hold	0	–	–	–	82
2014 Q3	–	Sell	-250,000	Closed	-$3.66M	–	66
2014 Q2	$3.66M	Buy	+250,000	New	+$3.64M	1.01%	46
2014 Q1	–	Hold	0	–	–	–	86

Other funds holding PBR

GQG Partners Ft. Lauderdale, Florida $63.1B AUM 23.07% 1-Year Est. Return

Capital International Investors

Capital International Investors Los Angeles, California $427B AUM 29.17% 1-Year Est. Return

Baillie Gifford & Co

Baillie Gifford & Co Edinburgh, United Kingdom $97.9B AUM 20.73% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

Schroder Investment Management Group

Schroder Investment Management Group London, United Kingdom $122B AUM 29.27% 1-Year Est. Return

Lazard Asset Management

Lazard Asset Management New York $60.7B AUM 22.47% 1-Year Est. Return

Itau Unibanco Holding S.A. Sao Paulo, Brazil $4.18B AUM 46.57% 1-Year Est. Return

ARGA Investment Management Stamford, Connecticut $3.05B AUM 47.96% 1-Year Est. Return

Fisher Asset Management

Fisher Asset Management Camas, Washington $295B AUM 31.6% 1-Year Est. Return

Bank of America

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return