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Petrobras Class A

156 hedge funds and large institutions have $2.11B invested in Petrobras Class A in 2015 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 45 increasing their positions, 66 reducing their positions, and 37 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.35% more ownership

Funds ownership: 9.82%10.16% (+0.35%)

14% less funds holding

Funds holding: 182156 (-26)

30% less funds holding in top 10

Funds holding in top 10: 107 (-3)

32% less repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 66

53% less capital invested

Capital invested by funds: $4.51B → $2.11B (-$2.41B)

62% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 37

Holders
156
Holders Change
-26
Holders Change %
-14.29%
% of All Funds
4.36%
Holding in Top 10
7
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-30%
% of All Funds
0.2%
New
14
Increased
45
Reduced
66
Closed
37
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Dodge & Cox
1
Dodge & Cox
California
$666M +$264M +48,906,200 +37%
BIP
2
Brandes Investment Partners
California
$244M +$19.9M +3,692,052 +6%
Franklin Resources
3
Franklin Resources
California
$191M -$40M -7,399,635 -12%
Dimensional Fund Advisors
4
Dimensional Fund Advisors
Texas
$149M +$5.3M +981,372 +2%
Vanguard Group
5
Vanguard Group
Pennsylvania
$87.4M -$15.9M -2,940,960 -11%
AllianceBernstein
6
AllianceBernstein
Tennessee
$64.3M -$13.5M -2,505,892 -13%
Susquehanna International Group
7
Susquehanna International Group
Pennsylvania
$51.8M +$15.6M +2,895,257 +26%
Fidelity Investments
8
Fidelity Investments
Massachusetts
$45.9M +$9.53M +1,763,300 +16%
Bank of America
9
Bank of America
North Carolina
$39.9M -$801K -148,222 -1%
State Street
10
State Street
Massachusetts
$34.1M -$1.48M -273,422 -3%
JP Morgan Chase
11
JP Morgan Chase
New York
$32.3M +$17.5M +3,235,815 +58%
OCM
12
Oaktree Capital Management
California
$30.4M +$43.1M +7,975,900 +2,801%
RFC
13
Russell Frank Company
Washington
$28M +$20.4M +3,785,079 +99%
Lazard Asset Management
14
Lazard Asset Management
New York
$26.1M -$464K -85,800 -1%
WGI
15
Westwood Global Investments
Massachusetts
$25.8M +$1.58M +291,565 +4%
CCM
16
Causeway Capital Management
California
$23.1M +$1.06M +195,500 +3%
AIM
17
ARGA Investment Management
Connecticut
$20.8M +$64.3K +11,900 +0.2%
Renaissance Technologies
18
Renaissance Technologies
New York
$17.5M +$25.7M +4,759,700 New
Wells Fargo
19
Wells Fargo
California
$16.8M -$1.61M -298,775 -6%
Macquarie Group
20
Macquarie Group
Australia
$16.3M -$10.2K -1,886 -0%
OP
21
Oldfield Partners
United Kingdom
$16.1M -$2.81M -520,500 -11%
BFA
22
BlackRock Fund Advisors
California
$15.5M -$1.9M -352,011 -8%
Bank of New York Mellon
23
Bank of New York Mellon
New York
$14.2M -$612K -113,359 -3%
Morgan Stanley
24
Morgan Stanley
New York
$13.9M -$1.52M -280,961 -7%
HI
25
HBK Investments
Texas
$13.5M +$10.3M +1,913,743 +110%

PBR.A Hedge Fund Activity: Q3 2015 in Review

156 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Petrobras Class A (PBR.A) for Q3 2015, worth a combined $2.11B — down 53% from $4.51B a quarter earlier.

Sellers outnumbered buyers: 37 funds closed out of PBR.A and 14 opened new positions — a net loss of 23 holders — while 66 trimmed existing stakes and 45 added.

The largest buyer was Dodge & Cox, adding an estimated $264M. The largest seller was T. Rowe Price Associates, cutting an estimated $62.9M.

  • 156 institutional investors held Petrobras Class A (PBR.A) as of Q3 2015, down from 182 in Q2 2015.
  • Funds reported $2.11B of Petrobras Class A stock for Q3 2015, down 53% quarter-over-quarter.
  • 14 funds opened new Petrobras Class A positions in Q3 2015 and 37 closed out, a net change of -23 holders.
  • The largest Petrobras Class A buyer in Q3 2015 was Dodge & Cox, an estimated $264M added.
  • The largest Petrobras Class A seller in Q3 2015 was T. Rowe Price Associates, an estimated $62.9M sold.

Based on aggregated 13F filings for Q3 2015.