Petrobras Class A
PBR.A
189 hedge funds and large institutions have $1.99B invested in Petrobras Class A in 2025 Q2 according to their latest regulatory filings, with 26 funds opening new positions, 88 increasing their positions, 46 reducing their positions, and 27 closing their positions.
91% more repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 46
2.88% more ownership
Funds ownership: 3.45% → 6.33% (+2.9%)
4% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 27
3% less funds holding
Funds holding: 194 → 189 (-5)
18% less capital invested
Capital invested by funds: $2.44B → $1.99B (-$452M)
42% less call options, than puts
Call options by funds: $15.9M | Put options by funds: $27.3M
45% less funds holding in top 10
Funds holding in top 10: 11 → 6 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$30.4M |
| 2 |
Optiver Holding
Amsterdam,
Netherlands
|
+$18.1M |
| 3 |
BIP
Brandes Investment Partners
La Jolla,
California
|
+$12.8M |
| 4 |
BlackRock
New York
|
+$10.6M |
| 5 |
Marshall Wace
London,
United Kingdom
|
+$9.92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$173M |
| 2 |
IUHSA
Itau Unibanco Holding S.A.
Sao Paulo,
Brazil
|
-$68.5M |
| 3 |
CCM
Contrarian Capital Management
Greenwich,
Connecticut
|
-$18.7M |
| 4 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$10.1M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$9.82M |
PBR.A Hedge Fund Activity: Q2 2025 in Review
189 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Petrobras Class A (PBR.A) for Q2 2025, worth a combined $1.99B — down 18% from $2.44B a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of PBR.A and 26 opened new positions — a net loss of 1 holder — while 46 trimmed existing stakes and 88 added.
The largest buyer was Goldman Sachs, adding an estimated $30.4M. The largest seller was Arrowstreet Capital, exiting entirely with an estimated $173M sold.
- 189 institutional investors held Petrobras Class A (PBR.A) as of Q2 2025, down from 194 in Q1 2025.
- Funds reported $1.99B of Petrobras Class A stock for Q2 2025, down 18% quarter-over-quarter.
- 26 funds opened new Petrobras Class A positions in Q2 2025 and 27 closed out, a net change of -1 holder.
- The largest Petrobras Class A buyer in Q2 2025 was Goldman Sachs, an estimated $30.4M added.
- The largest Petrobras Class A seller in Q2 2025 was Arrowstreet Capital, an estimated $173M sold.
Based on aggregated 13F filings for Q2 2025.