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Petrobras Class A

131 hedge funds and large institutions have $1.43B invested in Petrobras Class A in 2020 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 46 increasing their positions, 53 reducing their positions, and 43 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.15% more ownership

Funds ownership: 4.56%4.71% (+0.15%)

13% less repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 53

19% less funds holding

Funds holding: 162131 (-31)

31% less call options, than puts

Call options by funds: $8.5M | Put options by funds: $12.4M

63% less capital invested

Capital invested by funds: $3.84B → $1.43B (-$2.41B)

67% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 43

75% less funds holding in top 10

Funds holding in top 10: 82 (-6)

Holders
131
Holders Change
-31
Holders Change %
-19.14%
% of All Funds
2.89%
Holding in Top 10
2
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-75%
% of All Funds
0.04%
New
14
Increased
46
Reduced
53
Closed
43
Calls
$8.5M
Puts
$12.4M
Net Calls
-$3.86M
Net Calls Change
+$30.1M
Name Holding Trade Value Shares
Change
Change in
Stake
Capital Research Global Investors
1
Capital Research Global Investors
California
$172M +$240M +21,340,081 +202%
Goldman Sachs
2
Goldman Sachs
New York
$130M +$253M +22,487,087 +1,390%
Fidelity Investments
3
Fidelity Investments
Massachusetts
$126M +$11.2M +992,835 +4%
Dimensional Fund Advisors
4
Dimensional Fund Advisors
Texas
$110M -$27.3M -2,427,041 -11%
Vanguard Group
5
Vanguard Group
Pennsylvania
$104M -$6.46M -574,096 -3%
Schroder Investment Management Group
6
Schroder Investment Management Group
United Kingdom
$82.1M -$7.13M -633,136 -4%
BlackRock
7
BlackRock
New York
$79.4M +$3.76M +334,382 +2%
Renaissance Technologies
8
Renaissance Technologies
New York
$62.4M +$1.16M +103,220 +0.9%
IUHSA
9
Itau Unibanco Holding S.A.
Brazil
$62.3M +$82M +7,287,600 +170%
UBS AM
10
UBS AM
Illinois
$55.7M +$6.14M +545,630 +6%
State Street
11
State Street
Massachusetts
$49.6M +$1.73M +153,270 +2%
OP
12
Oldfield Partners
United Kingdom
$36.1M +$6.22M +553,000 +9%
OCM
13
Oaktree Capital Management
California
$33M +$4.04M +358,580 +6%
Baillie Gifford & Co
14
Baillie Gifford & Co
United Kingdom
$26.7M +$2.27M +202,064 +4%
Macquarie Group
15
Macquarie Group
Australia
$23.9M
JP Morgan Chase
16
JP Morgan Chase
New York
$20.8M +$1.54M +136,392 +4%
Russell Investments Group
17
Russell Investments Group
United Kingdom
$20.5M -$60.2K -5,351 -0.1%
Norges Bank
18
Norges Bank
Norway
$16.2M +$2.25M +200,000 +7%
Northern Trust
19
Northern Trust
Illinois
$15M -$4.84M -430,430 -13%
BS
20
Banco Santander
Spain
$13M +$2.73M +242,970 +11%
Dodge & Cox
21
Dodge & Cox
California
$12.2M +$6.11M +543,200 +32%
AAMU
22
Amundi Asset Management US
Massachusetts
$12.2M -$12.3M -1,091,349 -33%
Arrowstreet Capital
23
Arrowstreet Capital
Massachusetts
$12M +$5.61M +498,313 +29%
Bank of New York Mellon
24
Bank of New York Mellon
New York
$11.9M -$2.31M -204,953 -8%
Franklin Resources
25
Franklin Resources
California
$11.3M -$13.7M -1,219,000 -37%

PBR.A Hedge Fund Activity: Q1 2020 in Review

131 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Petrobras Class A (PBR.A) for Q1 2020, worth a combined $1.43B — down 63% from $3.84B a quarter earlier.

Sellers outnumbered buyers: 43 funds closed out of PBR.A and 14 opened new positions — a net loss of 29 holders — while 53 trimmed existing stakes and 46 added.

The largest buyer was Goldman Sachs, adding an estimated $253M. The largest seller was Contrarian Capital Management, exiting entirely with an estimated $118M sold.

  • 131 institutional investors held Petrobras Class A (PBR.A) as of Q1 2020, down from 162 in Q4 2019.
  • Funds reported $1.43B of Petrobras Class A stock for Q1 2020, down 63% quarter-over-quarter.
  • 14 funds opened new Petrobras Class A positions in Q1 2020 and 43 closed out, a net change of -29 holders.
  • The largest Petrobras Class A buyer in Q1 2020 was Goldman Sachs, an estimated $253M added.
  • The largest Petrobras Class A seller in Q1 2020 was Contrarian Capital Management, an estimated $118M sold.

Based on aggregated 13F filings for Q1 2020.