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Petrobras Class A

163 hedge funds and large institutions have $3.01B invested in Petrobras Class A in 2023 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 57 increasing their positions, 49 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more capital invested

Capital invested by funds: $2.09B → $3.01B (+$926M)

17% more funds holding in top 10

Funds holding in top 10: 67 (+1)

16% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 49

0.37% more ownership

Funds ownership: 3.98%4.35% (+0.37%)

3% less funds holding

Funds holding: 168163 (-5)

15% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 26

52% less call options, than puts

Call options by funds: $58.2M | Put options by funds: $122M

Holders
163
Holders Change
-5
Holders Change %
-2.98%
% of All Funds
2.56%
Holding in Top 10
7
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+16.67%
% of All Funds
0.11%
New
22
Increased
57
Reduced
49
Closed
26
Calls
$58.2M
Puts
$122M
Net Calls
-$63.8M
Net Calls Change
-$17.4M
Name Holding Trade Value Shares
Change
Change in
Stake
Massachusetts Financial Services
1
Massachusetts Financial Services
Massachusetts
$341M +$30.7M +2,817,879 +11%
WPL
2
WINDACRE PARTNERSHIP LLC
Texas
$337M +$297M +27,261,000 New
Arrowstreet Capital
3
Arrowstreet Capital
Massachusetts
$246M -$5.34M -490,017 -2%
Robeco Institutional Asset Management
4
Robeco Institutional Asset Management
Netherlands
$233M +$11.5M +1,051,135 +6%
Fidelity Investments
5
Fidelity Investments
Massachusetts
$207M -$6.15M -564,409 -3%
BlackRock
6
BlackRock
New York
$159M -$3.01M -275,612 -2%
Dimensional Fund Advisors
7
Dimensional Fund Advisors
Texas
$156M -$5.42M -497,520 -4%
State of Wisconsin Investment Board
8
State of Wisconsin Investment Board
Wisconsin
$151M -$2.42M -222,290 -2%
Baillie Gifford & Co
9
Baillie Gifford & Co
United Kingdom
$118M -$4.9M -449,126 -4%
JP Morgan Chase
10
JP Morgan Chase
New York
$98.9M -$1.83M -167,733 -2%
Vanguard Group
11
Vanguard Group
Pennsylvania
$98.3M +$4.2M +385,238 +5%
Amundi
12
Amundi
France
$89.1M +$5.12M +469,453 +7%
Grantham, Mayo, Van Otterloo & Co (GMO)
13
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$73.3M -$751K -68,901 -1%
IUHSA
14
Itau Unibanco Holding S.A.
Brazil
$63.4M +$5.68M +521,222 +11%
State Street
15
State Street
Massachusetts
$61.4M +$461K +42,294 +0.9%
KL
16
KGH Ltd
Bahamas
$50.4M
Macquarie Group
17
Macquarie Group
Australia
$34.5M
Goldman Sachs
18
Goldman Sachs
New York
$32M +$21M +1,926,232 +293%
Man Group
19
Man Group
United Kingdom
$30M +$26.4M +2,422,717 New
Verition Fund Management
20
Verition Fund Management
Connecticut
$26.8M -$3.66M -335,667 -13%
Millennium Management
21
Millennium Management
New York
$24.6M +$5.84M +535,157 +37%
Morgan Stanley
22
Morgan Stanley
New York
$23.3M +$1.74M +159,736 +9%
SC
23
Sagil Capital
United Kingdom
$22.6M -$5.12M -470,000 -20%
Citadel Advisors
24
Citadel Advisors
Florida
$21.7M +$15.7M +1,442,763 +463%
OP
25
Oldfield Partners
United Kingdom
$20.8M -$1.38M -126,400 -7%

PBR.A Hedge Fund Activity: Q2 2023 in Review

163 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Petrobras Class A (PBR.A) for Q2 2023, worth a combined $3.01B — up 44% from $2.09B a quarter earlier.

Sellers outnumbered buyers: 26 funds closed out of PBR.A and 22 opened new positions — a net loss of 4 holders — while 49 trimmed existing stakes and 57 added.

The largest buyer was WINDACRE PARTNERSHIP LLC, opening a new position worth an estimated $297M. The largest seller was Helikon Investments, exiting entirely with an estimated $53.2M sold.

  • 163 institutional investors held Petrobras Class A (PBR.A) as of Q2 2023, down from 168 in Q1 2023.
  • Funds reported $3.01B of Petrobras Class A stock for Q2 2023, up 44% quarter-over-quarter.
  • 22 funds opened new Petrobras Class A positions in Q2 2023 and 26 closed out, a net change of -4 holders.
  • The largest Petrobras Class A buyer in Q2 2023 was WINDACRE PARTNERSHIP LLC, an estimated $297M added.
  • The largest Petrobras Class A seller in Q2 2023 was Helikon Investments, an estimated $53.2M sold.

Based on aggregated 13F filings for Q2 2023.