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Petrobras Class A
PBR.A

216 hedge funds and large institutions have $4.39B invested in Petrobras Class A in 2026 Q1 according to their latest regulatory filings, with 40 funds opening new positions, 74 increasing their positions, 75 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

254% more call options, than puts

Call options by funds: $392M | Put options by funds: $111M

101% more capital invested

Capital invested by funds: $2.18B → $4.39B (+$2.21B)

82% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 22

50% more funds holding in top 10

Funds holding in top 10: 8 → 12 (+4)

8% more funds holding

Funds holding: 200 → 216 (+16)

1.47% more ownership

Funds ownership: 7.1% → 8.57% (+1.5%)

1% less repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 75

Holders
216
Holders Change
+16
Holders Change %
+8%
% of All Funds
2.66%
Holding in Top 10
12
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+50%
% of All Funds
0.15%
New
40
Increased
74
Reduced
75
Closed
22
Calls
$392M
Puts
$111M
Net Calls
+$281M
Net Calls Change
+$271M

Top Buyers

1
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$287M
2
SGDR
SPX Gestao de Recursos
Brazil
+$84.5M
3
JP Morgan Chase
JP Morgan Chase
New York
+$84M
4
BlackRock
BlackRock
New York
+$56M
5
Robeco Institutional Asset Management
Robeco Institutional Asset Management
Netherlands
+$55.9M

Top Sellers

1
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$76.6M
2
IUHSA
Itau Unibanco Holding S.A.
Brazil
-$45.7M
3
RFM
Ranmore Fund Management
United Kingdom
-$44.9M
4
SC
Sagil Capital
United Kingdom
-$20.3M
5
BIP
Brandes Investment Partners
California
-$18.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
SAM
201
Smartleaf Asset Management
Massachusetts
$6.73K -$3.57K -241 -40%
Northwestern Mutual Wealth Management
202
Northwestern Mutual Wealth Management
Wisconsin
$4.32K -$3.94K -266 -54%
TWD
203
True Wealth Design
Ohio
$4.2K +$119 +8 +4%
FIA
204
FNY Investment Advisers
New York
$4K +$3.56K +240 New
NEWAS
205
N.E.W. Advisory Services
Wisconsin
$2.81K – – –
RF
206
Rossby Financial
Florida
$2.72K +$1.81K +122 +452%
TPWA
207
Twin Peaks Wealth Advisors
California
$2.01K +$1.59K +107 New
IAS
208
IMA Advisory Services
Colorado
$1.8K -$193 -13 -12%
RFP
209
Root Financial Partners
California
$1.52K +$1.2K +81 New
SWM
210
Spire Wealth Management
Virginia
$1.46K – – –
Nisa Investment Advisors
211
Nisa Investment Advisors
Missouri
$1.14K +$904 +61 New
SIC
212
Salem Investment Counselors
North Carolina
$994 +$785 +53 New
HWA
213
HHM Wealth Advisors
Tennessee
$938 – – –
AA
214
Ancora Advisors
Ohio
$787 – – –
AWM
215
Abound Wealth Management
Tennessee
$169 -$282 -19 -68%
HI
216
Harbour Investments
Wisconsin
$75 +$59 +4 New
RFM
217
Ranmore Fund Management
United Kingdom
– -$44.9M -3,980,000 Closed
SC
218
Sagil Capital
United Kingdom
– -$20.3M -1,800,000 Closed
Citadel Advisors
219
Citadel Advisors
Florida
– -$6.28M -423,756 Closed
Mirae Asset Global Investments
220
Mirae Asset Global Investments
South Korea
– -$1.41M -124,916 Closed
Group One Trading
221
Group One Trading
Illinois
– -$1.78M -120,026 Closed
Qube Research & Technologies (QRT)
222
Qube Research & Technologies (QRT)
United Kingdom
– -$1.06M -94,079 Closed
EGM
223
Engineers Gate Manager
New York
– -$726K -64,449 Closed
SSA
224
Schonfeld Strategic Advisors
New York
– -$517K -45,862 Closed
PA
225
PharVision Advisers
Florida
– -$429K -38,047 Closed
6 7 8
9
10

PBR.A Hedge Fund Activity: Q1 2026 in Review

216 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Petrobras Class A (PBR.A) for Q1 2026, worth a combined $4.39B — up 101% from $2.18B a quarter earlier.

Buyers outnumbered sellers: 40 funds opened new PBR.A positions and 22 closed out — a net gain of 18 holders — while 74 added to existing stakes and 75 trimmed.

The largest buyer was Arrowstreet Capital, opening a new position worth an estimated $287M. The largest seller was Massachusetts Financial Services, cutting an estimated $76.6M.

  • 216 institutional investors held Petrobras Class A (PBR.A) as of Q1 2026, up from 200 in Q4 2025.
  • Funds reported $4.39B of Petrobras Class A stock for Q1 2026, up 101% quarter-over-quarter.
  • 40 funds opened new Petrobras Class A positions in Q1 2026 and 22 closed out, a net change of +18 holders.
  • The largest Petrobras Class A buyer in Q1 2026 was Arrowstreet Capital, an estimated $287M added.
  • The largest Petrobras Class A seller in Q1 2026 was Massachusetts Financial Services, an estimated $76.6M sold.

Based on aggregated 13F filings for Q1 2026.