Petrobras Class A
PBR.A
168 hedge funds and large institutions have $2.09B invested in Petrobras Class A in 2023 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 57 increasing their positions, 46 reducing their positions, and 21 closing their positions.
48% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 21
24% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 46
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
10% more capital invested
Capital invested by funds: $1.9B → $2.09B (+$188M)
5% more funds holding
Funds holding: 160 → 168 (+8)
0.1% more ownership
Funds ownership: 3.88% → 3.98% (+0.1%)
45% less call options, than puts
Call options by funds: $57.3M | Put options by funds: $104M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$193M |
| 2 |
Citigroup
New York
|
+$34.5M |
| 3 |
TIAM
TT International Asset Management
London,
United Kingdom
|
+$16.4M |
| 4 |
BTP
Bloom Tree Partners
New York
|
+$15.2M |
| 5 |
BIP
Brandes Investment Partners
La Jolla,
California
|
+$11.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$49.2M |
| 2 |
Millennium Management
New York
|
-$38.6M |
| 3 |
CCM
Causeway Capital Management
Los Angeles,
California
|
-$36.8M |
| 4 |
IUHSA
Itau Unibanco Holding S.A.
Sao Paulo,
Brazil
|
-$24M |
| 5 |
Man Group
London,
United Kingdom
|
-$23.7M |
PBR.A Hedge Fund Activity: Q1 2023 in Review
168 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Petrobras Class A (PBR.A) for Q1 2023, worth a combined $2.09B — up 9.9% from $1.9B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new PBR.A positions and 21 closed out — a net gain of 10 holders — while 57 added to existing stakes and 46 trimmed.
The largest buyer was Massachusetts Financial Services, adding an estimated $193M. The largest seller was Renaissance Technologies, cutting an estimated $49.2M.
- 168 institutional investors held Petrobras Class A (PBR.A) as of Q1 2023, up from 160 in Q4 2022.
- Funds reported $2.09B of Petrobras Class A stock for Q1 2023, up 9.9% quarter-over-quarter.
- 31 funds opened new Petrobras Class A positions in Q1 2023 and 21 closed out, a net change of +10 holders.
- The largest Petrobras Class A buyer in Q1 2023 was Massachusetts Financial Services, an estimated $193M added.
- The largest Petrobras Class A seller in Q1 2023 was Renaissance Technologies, an estimated $49.2M sold.
Based on aggregated 13F filings for Q1 2023.