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Petrobras Class A

160 hedge funds and large institutions have $1.9B invested in Petrobras Class A in 2022 Q4 according to their latest regulatory filings, with 34 funds opening new positions, 40 increasing their positions, 63 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 17

9% more funds holding

Funds holding: 147160 (+13)

0.27% more ownership

Funds ownership: 3.61%3.88% (+0.27%)

16% less capital invested

Capital invested by funds: $2.25B → $1.9B (-$353M)

27% less call options, than puts

Call options by funds: $81.5M | Put options by funds: $111M

29% less funds holding in top 10

Funds holding in top 10: 75 (-2)

37% less repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 63

Holders
160
Holders Change
+13
Holders Change %
+8.84%
% of All Funds
2.57%
Holding in Top 10
5
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-28.57%
% of All Funds
0.08%
New
34
Increased
40
Reduced
63
Closed
17
Calls
$81.5M
Puts
$111M
Net Calls
-$29.4M
Net Calls Change
+$29.8M
Name Holding Trade Value Shares
Change
Change in
Stake
Arrowstreet Capital
1
Arrowstreet Capital
Massachusetts
$189M -$17.2M -1,605,168 -7%
Robeco Institutional Asset Management
2
Robeco Institutional Asset Management
Netherlands
$162M +$188M +17,491,731 New
Fidelity Investments
3
Fidelity Investments
Massachusetts
$160M +$6.3M +586,836 +4%
BlackRock
4
BlackRock
New York
$136M +$5.85M +545,433 +4%
State of Wisconsin Investment Board
5
State of Wisconsin Investment Board
Wisconsin
$111M +$34.7M +3,232,980 +37%
Baillie Gifford & Co
6
Baillie Gifford & Co
United Kingdom
$96M +$587K +54,714 +0.5%
Renaissance Technologies
7
Renaissance Technologies
New York
$79M -$2.87M -267,199 -3%
Vanguard Group
8
Vanguard Group
Pennsylvania
$75.9M +$2.34M +217,805 +3%
JP Morgan Chase
9
JP Morgan Chase
New York
$69.1M -$215K -20,076 -0.3%
IUHSA
10
Itau Unibanco Holding S.A.
Brazil
$66.4M +$11.9M +1,108,940 +18%
Amundi
11
Amundi
France
$64.1M -$832K -77,545 -1%
HI
12
Helikon Investments
United Kingdom
$55M +$63.5M +5,921,800 New
Grantham, Mayo, Van Otterloo & Co (GMO)
13
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$53M +$3.78M +352,265 +7%
Millennium Management
14
Millennium Management
New York
$50.6M +$16.1M +1,496,262 +38%
State Street
15
State Street
Massachusetts
$44.7M -$9.9M -922,950 -16%
Massachusetts Financial Services
16
Massachusetts Financial Services
Massachusetts
$44.2M +$51M +4,756,708 New
KL
17
KGH Ltd
Bahamas
$37.6M -$42.9M -3,999,299 -50%
CCM
18
Causeway Capital Management
California
$36.8M -$4.41M -410,887 -9%
Macquarie Group
19
Macquarie Group
Australia
$25.9M
Man Group
20
Man Group
United Kingdom
$22.8M -$1.41M -131,079 -5%
SC
21
Sagil Capital
United Kingdom
$21.4M +$12.5M +1,164,800 +103%
Capital Research Global Investors
22
Capital Research Global Investors
California
$19.3M +$22.3M +2,081,075 New
Marshall Wace
23
Marshall Wace
United Kingdom
$18.8M +$13.6M +1,267,824 +168%
Verition Fund Management
24
Verition Fund Management
Connecticut
$17.4M -$22.9M -2,131,620 -53%
OP
25
Oldfield Partners
United Kingdom
$15.5M +$1.61M +149,900 +10%

PBR.A Hedge Fund Activity: Q4 2022 in Review

160 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Petrobras Class A (PBR.A) for Q4 2022, worth a combined $1.9B — down 16% from $2.25B a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new PBR.A positions and 17 closed out — a net gain of 17 holders — while 40 added to existing stakes and 63 trimmed.

The largest buyer was Robeco Institutional Asset Management, opening a new position worth an estimated $188M. The largest seller was KGH Ltd, cutting an estimated $42.9M.

  • 160 institutional investors held Petrobras Class A (PBR.A) as of Q4 2022, up from 147 in Q3 2022.
  • Funds reported $1.9B of Petrobras Class A stock for Q4 2022, down 16% quarter-over-quarter.
  • 34 funds opened new Petrobras Class A positions in Q4 2022 and 17 closed out, a net change of +17 holders.
  • The largest Petrobras Class A buyer in Q4 2022 was Robeco Institutional Asset Management, an estimated $188M added.
  • The largest Petrobras Class A seller in Q4 2022 was KGH Ltd, an estimated $42.9M sold.

Based on aggregated 13F filings for Q4 2022.