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Petrobras Class A

172 hedge funds and large institutions have $3.95B invested in Petrobras Class A in 2023 Q4 according to their latest regulatory filings, with 27 funds opening new positions, 52 increasing their positions, 58 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more call options, than puts

Call options by funds: $151M | Put options by funds: $96.7M

23% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 22

18% more capital invested

Capital invested by funds: $3.35B → $3.95B (+$606M)

1% more funds holding

Funds holding: 171172 (+1)

0.3% more ownership

Funds ownership: 4.31%4.62% (+0.3%)

10% less repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 58

14% less funds holding in top 10

Funds holding in top 10: 76 (-1)

Holders
172
Holders Change
+1
Holders Change %
+0.58%
% of All Funds
2.51%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.09%
New
27
Increased
52
Reduced
58
Closed
22
Calls
$151M
Puts
$96.7M
Net Calls
+$54.4M
Net Calls Change
+$60.1M
Name Holding Trade Value Shares
Change
Change in
Stake
JP Morgan Chase
1
JP Morgan Chase
New York
$414M +$279M +19,454,072 +256%
Massachusetts Financial Services
2
Massachusetts Financial Services
Massachusetts
$357M -$58.4M -4,076,994 -15%
Robeco Institutional Asset Management
3
Robeco Institutional Asset Management
Netherlands
$331M +$49.7M +3,466,488 +19%
WPL
4
WINDACRE PARTNERSHIP LLC
Texas
$328M -$100M -6,990,000 -25%
Arrowstreet Capital
5
Arrowstreet Capital
Massachusetts
$285M -$12.2M -851,665 -4%
Fidelity Investments
6
Fidelity Investments
Massachusetts
$217M -$5.27M -367,950 -3%
BlackRock
7
BlackRock
New York
$213M +$20M +1,394,778 +11%
Morgan Stanley
8
Morgan Stanley
New York
$209M +$169M +11,780,695 +615%
Dimensional Fund Advisors
9
Dimensional Fund Advisors
Texas
$176M -$5.79M -403,886 -3%
Goldman Sachs
10
Goldman Sachs
New York
$137M +$48.5M +3,386,181 +61%
Baillie Gifford & Co
11
Baillie Gifford & Co
United Kingdom
$130M -$6.2M -432,830 -5%
Vanguard Group
12
Vanguard Group
Pennsylvania
$114M +$102K +7,144 +0.1%
IUHSA
13
Itau Unibanco Holding S.A.
Brazil
$111M +$19M +1,328,796 +22%
Amundi
14
Amundi
France
$104M -$8.17M -570,195 -8%
KL
15
KGH Ltd
Bahamas
$81.7M -$13.3M -930,000 -15%
State Street
16
State Street
Massachusetts
$76.3M +$3.45M +240,921 +5%
Grantham, Mayo, Van Otterloo & Co (GMO)
17
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$68.2M -$19.6M -1,367,407 -23%
CCM
18
Causeway Capital Management
California
$62M +$20.6M +1,434,494 +55%
CFM
19
Coronation Fund Managers
South Africa
$51.3M +$6.56M +457,866 +16%
Macquarie Group
20
Macquarie Group
Australia
$42.6M
BIP
21
Brandes Investment Partners
California
$33.6M +$11.1M +772,293 +54%
American Century Companies
22
American Century Companies
Missouri
$31.1M +$3.17M +220,901 +12%
Millennium Management
23
Millennium Management
New York
$29.4M +$305K +21,267 +1%
Bank of America
24
Bank of America
North Carolina
$22.6M -$3.06M -213,432 -13%
Northern Trust
25
Northern Trust
Illinois
$19.2M -$45.7K -3,187 -0.3%

PBR.A Hedge Fund Activity: Q4 2023 in Review

172 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Petrobras Class A (PBR.A) for Q4 2023, worth a combined $3.95B — up 18% from $3.35B a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new PBR.A positions and 22 closed out — a net gain of 5 holders — while 52 added to existing stakes and 58 trimmed.

The largest buyer was JP Morgan Chase, adding an estimated $279M. The largest seller was WINDACRE PARTNERSHIP LLC, cutting an estimated $100M.

  • 172 institutional investors held Petrobras Class A (PBR.A) as of Q4 2023, up from 171 in Q3 2023.
  • Funds reported $3.95B of Petrobras Class A stock for Q4 2023, up 18% quarter-over-quarter.
  • 27 funds opened new Petrobras Class A positions in Q4 2023 and 22 closed out, a net change of +5 holders.
  • The largest Petrobras Class A buyer in Q4 2023 was JP Morgan Chase, an estimated $279M added.
  • The largest Petrobras Class A seller in Q4 2023 was WINDACRE PARTNERSHIP LLC, an estimated $100M sold.

Based on aggregated 13F filings for Q4 2023.