Petrobras Class A
PBR.A
200 hedge funds and large institutions have $2.18B invested in Petrobras Class A in 2025 Q4 according to their latest regulatory filings, with 41 funds opening new positions, 69 increasing their positions, 56 reducing their positions, and 21 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 4 → 8 (+4)
95% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 21
32% more call options, than puts
Call options by funds: $43M | Put options by funds: $32.6M
23% more repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 56
10% more funds holding
Funds holding: 182 → 200 (+18)
8% more capital invested
Capital invested by funds: $2.01B → $2.18B (+$167M)
0.85% more ownership
Funds ownership: 6.25% → 7.1% (+0.85%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$95.5M |
| 2 |
BlackRock
New York
|
+$46.8M |
| 3 |
PC
Packer & Co
Cottesloe,
Australia
|
+$45.6M |
| 4 |
Robeco Institutional Asset Management
Rotterdam,
Netherlands
|
+$36.3M |
| 5 |
IUHSA
Itau Unibanco Holding S.A.
Sao Paulo,
Brazil
|
+$32.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$73.1M |
| 2 |
State of Wisconsin Investment Board
Madison,
Wisconsin
|
-$17.9M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$16.4M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$14.8M |
| 5 |
D.E. Shaw & Co
New York
|
-$10.5M |
PBR.A Hedge Fund Activity: Q4 2025 in Review
200 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Petrobras Class A (PBR.A) for Q4 2025, worth a combined $2.18B — up 8.3% from $2.01B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new PBR.A positions and 21 closed out — a net gain of 20 holders — while 69 added to existing stakes and 56 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $95.5M. The largest seller was Macquarie Group, exiting entirely with an estimated $73.1M sold.
- 200 institutional investors held Petrobras Class A (PBR.A) as of Q4 2025, up from 182 in Q3 2025.
- Funds reported $2.18B of Petrobras Class A stock for Q4 2025, up 8.3% quarter-over-quarter.
- 41 funds opened new Petrobras Class A positions in Q4 2025 and 21 closed out, a net change of +20 holders.
- The largest Petrobras Class A buyer in Q4 2025 was JP Morgan Chase, an estimated $95.5M added.
- The largest Petrobras Class A seller in Q4 2025 was Macquarie Group, an estimated $73.1M sold.
Based on aggregated 13F filings for Q4 2025.