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Petrobras Class A
PBR.A

172 hedge funds and large institutions have $3.95B invested in Petrobras Class A in 2023 Q4 according to their latest regulatory filings, with 27 funds opening new positions, 52 increasing their positions, 58 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more call options, than puts

Call options by funds: $151M | Put options by funds: $96.7M

23% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 22

18% more capital invested

Capital invested by funds: $3.35B → $3.95B (+$606M)

1% more funds holding

Funds holding: 171 → 172 (+1)

0.3% more ownership

Funds ownership: 4.31% → 4.62% (+0.3%)

10% less repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 58

14% less funds holding in top 10

Funds holding in top 10: 7 → 6 (-1)

Holders
172
Holders Change
+1
Holders Change %
+0.58%
% of All Funds
2.51%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.09%
New
27
Increased
52
Reduced
58
Closed
22
Calls
$151M
Puts
$96.7M
Net Calls
+$54.4M
Net Calls Change
+$60.1M

Top Buyers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
+$279M
2
Morgan Stanley
Morgan Stanley
New York
+$169M
3
Robeco Institutional Asset Management
Robeco Institutional Asset Management
Netherlands
+$49.7M
4
Goldman Sachs
Goldman Sachs
New York
+$48.5M
5
CCM
Causeway Capital Management
California
+$20.6M

Top Sellers

Rank Fund Capital Flow
1
WPL
WINDACRE PARTNERSHIP LLC
Texas
-$100M
2
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
-$92.7M
3
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$58.4M
4
SC
Sagil Capital
United Kingdom
-$20.4M
5
Grantham, Mayo, Van Otterloo & Co (GMO)
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
-$19.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
FC
51
Franchise Capital
Cayman Islands
$3.41M -$262K -18,259 -8%
Franklin Resources
52
Franklin Resources
California
$3.3M -$155K -10,800 -5%
CGH
53
Crossmark Global Holdings
Texas
$3.25M +$561K +39,146 +23%
Mirae Asset Global Investments
54
Mirae Asset Global Investments
South Korea
$2.95M -$122K -8,508 -4%
Citadel Advisors
55
Citadel Advisors
Florida
$2.91M -$7.51M -523,819 -73%
Natixis Advisors
56
Natixis Advisors
Massachusetts
$2.75M -$181K -12,602 -7%
Pzena Investment Management
57
Pzena Investment Management
New York
$2.57M -$10.2K -709 -0.4%
Fisher Asset Management
58
Fisher Asset Management
Washington
$2.56M +$2.4M +167,675 New
VM
59
VPR Management
Texas
$2.36M – – –
Envestnet Asset Management
60
Envestnet Asset Management
Illinois
$2.23M +$293K +20,459 +16%
HFS
61
Hantz Financial Services
Michigan
$2.19M -$44K -3,069 -2%
Daiwa Securities Group
62
Daiwa Securities Group
Japan
$2.15M -$301K -21,000 -13%
CF
63
Cantor Fitzgerald
New York
$2.04M +$113K +7,905 +6%
SEI Investments
64
SEI Investments
Pennsylvania
$2.03M +$133K +9,279 +8%
AQR Capital Management
65
AQR Capital Management
Connecticut
$1.77M +$15.3K +1,070 +0.9%
State of New Jersey Common Pension Fund D
66
State of New Jersey Common Pension Fund D
New Jersey
$1.64M – – –
Renaissance Technologies
67
Renaissance Technologies
New York
$1.62M -$10.6M -741,400 -87%
SEC
68
Seven Eight Capital
New York
$1.6M +$831K +57,990 +124%
Canada Life
69
Canada Life
Manitoba, Canada
$1.6M -$1.83M -127,485 -55%
PA
70
Profund Advisors
Maryland
$1.57M +$98.2K +6,855 +7%
CC
71
Cederberg Capital
United Kingdom
$1.57M – – –
WSCM
72
Wellington Shields Capital Management
New York
$1.53M – – –
Pacer Advisors
73
Pacer Advisors
Pennsylvania
$1.49M -$217K -15,126 -13%
YIH
74
Y-Intercept (HK)
Hong Kong
$1.48M +$1.39M +97,016 New
AAM
75
Advisors Asset Management
Colorado
$1.47M +$65.7K +4,581 +5%
1 2
3
4 5

PBR.A Hedge Fund Activity: Q4 2023 in Review

172 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Petrobras Class A (PBR.A) for Q4 2023, worth a combined $3.95B — up 18% from $3.35B a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new PBR.A positions and 22 closed out — a net gain of 5 holders — while 52 added to existing stakes and 58 trimmed.

The largest buyer was JP Morgan Chase, adding an estimated $279M. The largest seller was WINDACRE PARTNERSHIP LLC, cutting an estimated $100M.

  • 172 institutional investors held Petrobras Class A (PBR.A) as of Q4 2023, up from 171 in Q3 2023.
  • Funds reported $3.95B of Petrobras Class A stock for Q4 2023, up 18% quarter-over-quarter.
  • 27 funds opened new Petrobras Class A positions in Q4 2023 and 22 closed out, a net change of +5 holders.
  • The largest Petrobras Class A buyer in Q4 2023 was JP Morgan Chase, an estimated $279M added.
  • The largest Petrobras Class A seller in Q4 2023 was WINDACRE PARTNERSHIP LLC, an estimated $100M sold.

Based on aggregated 13F filings for Q4 2023.