Petrobras Class A
PBR.A
182 hedge funds and large institutions have $2.01B invested in Petrobras Class A in 2025 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 75 increasing their positions, 49 reducing their positions, and 33 closing their positions.
472% more call options, than puts
Call options by funds: $199M | Put options by funds: $34.8M
53% more repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 49
1% more capital invested
Capital invested by funds: $1.99B → $2.01B (+$18.3M)
0.08% less ownership
Funds ownership: 6.33% → 6.25% (-0.08%)
4% less funds holding
Funds holding: 189 → 182 (-7)
15% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 33
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Robeco Institutional Asset Management
Rotterdam,
Netherlands
|
+$20.2M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$16.1M |
| 3 |
BlackRock
New York
|
+$11.1M |
| 4 |
D.E. Shaw & Co
New York
|
+$10.3M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$9.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$63.8M |
| 2 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$31.9M |
| 3 |
Optiver Holding
Amsterdam,
Netherlands
|
-$20.3M |
| 4 |
Millennium Management
New York
|
-$13.5M |
| 5 |
JP Morgan Chase
New York
|
-$7.88M |
PBR.A Hedge Fund Activity: Q3 2025 in Review
182 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Petrobras Class A (PBR.A) for Q3 2025, worth a combined $2.01B — up 0.92% from $1.99B a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of PBR.A and 28 opened new positions — a net loss of 5 holders — while 49 trimmed existing stakes and 75 added.
The largest buyer was Robeco Institutional Asset Management, adding an estimated $20.2M. The largest seller was Goldman Sachs, cutting an estimated $63.8M.
- 182 institutional investors held Petrobras Class A (PBR.A) as of Q3 2025, down from 189 in Q2 2025.
- Funds reported $2.01B of Petrobras Class A stock for Q3 2025, up 0.92% quarter-over-quarter.
- 28 funds opened new Petrobras Class A positions in Q3 2025 and 33 closed out, a net change of -5 holders.
- The largest Petrobras Class A buyer in Q3 2025 was Robeco Institutional Asset Management, an estimated $20.2M added.
- The largest Petrobras Class A seller in Q3 2025 was Goldman Sachs, an estimated $63.8M sold.
Based on aggregated 13F filings for Q3 2025.