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Petrobras Class A
PBR.A

216 hedge funds and large institutions have $4.39B invested in Petrobras Class A in 2026 Q1 according to their latest regulatory filings, with 40 funds opening new positions, 74 increasing their positions, 75 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

254% more call options, than puts

Call options by funds: $392M | Put options by funds: $111M

101% more capital invested

Capital invested by funds: $2.18B → $4.39B (+$2.21B)

82% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 22

50% more funds holding in top 10

Funds holding in top 10: 8 → 12 (+4)

8% more funds holding

Funds holding: 200 → 216 (+16)

1.47% more ownership

Funds ownership: 7.1% → 8.57% (+1.5%)

1% less repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 75

Holders
216
Holders Change
+16
Holders Change %
+8%
% of All Funds
2.66%
Holding in Top 10
12
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+50%
% of All Funds
0.15%
New
40
Increased
74
Reduced
75
Closed
22
Calls
$392M
Puts
$111M
Net Calls
+$281M
Net Calls Change
+$271M

Top Buyers

1
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$287M
2
SGDR
SPX Gestao de Recursos
Brazil
+$84.5M
3
JP Morgan Chase
JP Morgan Chase
New York
+$84M
4
BlackRock
BlackRock
New York
+$56M
5
Robeco Institutional Asset Management
Robeco Institutional Asset Management
Netherlands
+$55.9M

Top Sellers

1
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$76.6M
2
IUHSA
Itau Unibanco Holding S.A.
Brazil
-$45.7M
3
RFM
Ranmore Fund Management
United Kingdom
-$44.9M
4
SC
Sagil Capital
United Kingdom
-$20.3M
5
BIP
Brandes Investment Partners
California
-$18.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
Barclays
26
Barclays
United Kingdom
$30.9M +$8.26M +557,633 +51%
UBS Group
27
UBS Group
Switzerland
$28.2M +$7.9M +533,266 +55%
CCM
28
Causeway Capital Management
California
$28M +$22.2M +1,495,664 New
Man Group
29
Man Group
United Kingdom
$25.8M +$20.4M +1,374,379 New
HSBC Holdings
30
HSBC Holdings
United Kingdom
$25.7M +$982K +66,285 +5%
Allspring Global Investments
31
Allspring Global Investments
North Carolina
$25.2M +$6.49M +437,883 +47%
T. Rowe Price Associates
32
T. Rowe Price Associates
Maryland
$25.1M +$107K +7,235 +0.5%
Morgan Stanley
33
Morgan Stanley
New York
$23.5M -$5.1M -344,229 -22%
State of Wisconsin Investment Board
34
State of Wisconsin Investment Board
Wisconsin
$22.1M +$17.4M +1,177,282 New
VF
35
Virtu Financial
New York
$20.3M +$16M +1,082,841 New
Bank of America
36
Bank of America
North Carolina
$19.4M +$2.05M +138,261 +15%
NI
37
Navi International
Brazil
$15.9M -$1.48M -100,000 -11%
TI
38
Tidal Investments
Wisconsin
$13.1M +$10.3M +694,241 New
Grantham, Mayo, Van Otterloo & Co (GMO)
39
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$12.8M -$1.19M -80,600 -11%
LWM
40
Lifetime Wealth Management
Texas
$12.3M -$175K -11,828 -2%
Point72 Asset Management
41
Point72 Asset Management
Connecticut
$11.7M +$9.24M +623,719 New
CAAM
42
Cape Ann Asset Management
United Kingdom
$11.2M +$304K +20,502 +4%
Franklin Resources
43
Franklin Resources
California
$10.8M +$3.08M +207,712 +56%
Wells Fargo
44
Wells Fargo
California
$10.6M -$4.58M -309,184 -35%
Royal Bank of Canada
45
Royal Bank of Canada
Ontario, Canada
$9.35M -$3.01M -202,875 -29%
CIAM
46
Caitong International Asset Management
Hong Kong
$7.98M +$6.31M +425,632 +280,021%
DRZID
47
DePrince Race & Zollo Inc (DRZ)
Florida
$7.92M +$3.29M +222,000 +111%
HF
48
HRT Financial
New York
$7.54M +$5.96M +402,273 New
Janus Henderson Group
49
Janus Henderson Group
United Kingdom
$6.98M +$868K +58,600 +19%
B
50
Barings
North Carolina
$6.91M -$887K -59,852 -14%
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PBR.A Hedge Fund Activity: Q1 2026 in Review

216 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Petrobras Class A (PBR.A) for Q1 2026, worth a combined $4.39B — up 101% from $2.18B a quarter earlier.

Buyers outnumbered sellers: 40 funds opened new PBR.A positions and 22 closed out — a net gain of 18 holders — while 74 added to existing stakes and 75 trimmed.

The largest buyer was Arrowstreet Capital, opening a new position worth an estimated $287M. The largest seller was Massachusetts Financial Services, cutting an estimated $76.6M.

  • 216 institutional investors held Petrobras Class A (PBR.A) as of Q1 2026, up from 200 in Q4 2025.
  • Funds reported $4.39B of Petrobras Class A stock for Q1 2026, up 101% quarter-over-quarter.
  • 40 funds opened new Petrobras Class A positions in Q1 2026 and 22 closed out, a net change of +18 holders.
  • The largest Petrobras Class A buyer in Q1 2026 was Arrowstreet Capital, an estimated $287M added.
  • The largest Petrobras Class A seller in Q1 2026 was Massachusetts Financial Services, an estimated $76.6M sold.

Based on aggregated 13F filings for Q1 2026.