Petrobras Class A
PBR.A
121 hedge funds and large institutions have $2.8B invested in Petrobras Class A in 2021 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 41 increasing their positions, 38 reducing their positions, and 15 closing their positions.
8% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 38
0.05% less ownership
Funds ownership: 5.06% → 5.01% (-0.05%)
2% less funds holding
Funds holding: 124 → 121 (-3)
15% less capital invested
Capital invested by funds: $3.29B → $2.8B (-$489M)
20% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 15
31% less call options, than puts
Call options by funds: $35.4M | Put options by funds: $51.6M
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$108M |
| 2 |
Goldman Sachs
New York
|
+$59.2M |
| 3 |
Renaissance Technologies
New York
|
+$14.3M |
| 4 |
Optiver Holding
Amsterdam,
Netherlands
|
+$7.7M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$7.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IUHSA
Itau Unibanco Holding S.A.
Sao Paulo,
Brazil
|
-$94.8M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$37.5M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$37.2M |
| 4 |
CM
Crestline Management
Fort Worth,
Texas
|
-$25M |
| 5 |
BlackRock
New York
|
-$19.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
E
126
Ergoteles
New York
| – | -$2.09M | -176,766 | Closed |
|
|
TI
127
Trexquant Investment
Stamford,
Connecticut
| – | -$1.43M | -120,850 | Closed |
|
|
VF
128
Virtu Financial
New York
| – | -$699K | -59,169 | Closed |
|
129
Fiera Capital (Canada)
Montreal,
Quebec, Canada
| – | -$659K | -55,813 | Closed |
|
|
QC
130
QCM Cayman
Houston,
Texas
| – | -$255K | -21,575 | Closed |
|
|
XT
131
XTX Topco
George Town,
Cayman Islands
| – | -$248K | -21,000 | Closed |
|
132
Verition Fund Management
Greenwich,
Connecticut
| – | -$158K | -13,383 | Closed |
|
|
EVM
133
Eaton Vance Management
Boston,
Massachusetts
| – | -$135K | -13,067 | -85% |
|
|
HFP
134
Holistic Financial Partners
Indianapolis,
Indiana
| – | -$142K | -12,012 | Closed |
|
|
AAP
135
Arax Advisory Partners
Denver,
Colorado
| – | -$2K | -170 | Closed |
|
|
ASN
136
Advisory Services Network
Atlanta,
Georgia
| – | -$1K | -111 | Closed |
|
PBR.A Hedge Fund Activity: Q3 2021 in Review
121 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Petrobras Class A (PBR.A) for Q3 2021, worth a combined $2.8B — down 15% from $3.29B a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of PBR.A and 12 opened new positions — a net loss of 3 holders — while 38 trimmed existing stakes and 41 added.
The largest buyer was Arrowstreet Capital, adding an estimated $108M. The largest seller was Itau Unibanco Holding S.A., cutting an estimated $94.8M.
- 121 institutional investors held Petrobras Class A (PBR.A) as of Q3 2021, down from 124 in Q2 2021.
- Funds reported $2.8B of Petrobras Class A stock for Q3 2021, down 15% quarter-over-quarter.
- 12 funds opened new Petrobras Class A positions in Q3 2021 and 15 closed out, a net change of -3 holders.
- The largest Petrobras Class A buyer in Q3 2021 was Arrowstreet Capital, an estimated $108M added.
- The largest Petrobras Class A seller in Q3 2021 was Itau Unibanco Holding S.A., an estimated $94.8M sold.
Based on aggregated 13F filings for Q3 2021.