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Petrobras Class A
PBR.A

176 hedge funds and large institutions have $3.79B invested in Petrobras Class A in 2024 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 54 increasing their positions, 63 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

66% more call options, than puts

Call options by funds: $129M | Put options by funds: $78.2M

22% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 18

2% more funds holding

Funds holding: 172 → 176 (+4)

0% more funds holding in top 10

Funds holding in top 10: 6 → 6 (0)

0.07% less ownership

Funds ownership: 4.62% → 4.54% (-0.07%)

4% less capital invested

Capital invested by funds: $3.95B → $3.79B (-$163M)

14% less repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 63

Holders
176
Holders Change
+4
Holders Change %
+2.33%
% of All Funds
2.54%
Holding in Top 10
6
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.09%
New
22
Increased
54
Reduced
63
Closed
18
Calls
$129M
Puts
$78.2M
Net Calls
+$51.2M
Net Calls Change
-$3.15M

Top Buyers

1
Goldman Sachs
Goldman Sachs
New York
+$301M
2
Bank of America
Bank of America
North Carolina
+$101M
3
Robeco Institutional Asset Management
Robeco Institutional Asset Management
Netherlands
+$58M
4
CCM
Causeway Capital Management
California
+$40.8M
5
HSBC Holdings
HSBC Holdings
United Kingdom
+$14.3M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$181M
2
WPL
WINDACRE PARTNERSHIP LLC
Texas
-$120M
3
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$114M
4
KL
KGH Ltd
Bahamas
-$63.6M
5
CFM
Coronation Fund Managers
South Africa
-$51.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Goldman Sachs
1
Goldman Sachs
New York
$417M +$301M +19,046,360 +213%
JP Morgan Chase
2
JP Morgan Chase
New York
$413M +$10.7M +675,866 +2%
Robeco Institutional Asset Management
3
Robeco Institutional Asset Management
Netherlands
$378M +$58M +3,671,197 +17%
Arrowstreet Capital
4
Arrowstreet Capital
Massachusetts
$272M -$5.84M -369,598 -2%
Massachusetts Financial Services
5
Massachusetts Financial Services
Massachusetts
$241M -$114M -7,183,425 -31%
WPL
6
WINDACRE PARTNERSHIP LLC
Texas
$206M -$120M -7,614,400 -35%
Fidelity Investments
7
Fidelity Investments
Massachusetts
$201M -$10.7M -677,582 -5%
BlackRock
8
BlackRock
New York
$199M -$9.4M -594,956 -4%
Dimensional Fund Advisors
9
Dimensional Fund Advisors
Texas
$159M -$13.1M -828,324 -7%
Bank of America
10
Bank of America
North Carolina
$117M +$101M +6,368,091 +431%
Vanguard Group
11
Vanguard Group
Pennsylvania
$111M -$320K -20,235 -0.3%
Baillie Gifford & Co
12
Baillie Gifford & Co
United Kingdom
$110M -$17.7M -1,121,217 -13%
IUHSA
13
Itau Unibanco Holding S.A.
Brazil
$105M -$2.83M -179,160 -2%
Amundi
14
Amundi
France
$101M -$682K -43,131 -0.6%
CCM
15
Causeway Capital Management
California
$98.9M +$40.8M +2,579,828 +64%
State Street
16
State Street
Massachusetts
$70.2M -$1.77M -112,178 -2%
Macquarie Group
17
Macquarie Group
Australia
$53.4M +$12.6M +800,000 +29%
Grantham, Mayo, Van Otterloo & Co (GMO)
18
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$48.6M -$19.1M -1,206,958 -27%
Morgan Stanley
19
Morgan Stanley
New York
$33.7M -$181M -11,432,417 -83%
BIP
20
Brandes Investment Partners
California
$33.5M +$818K +51,731 +2%
American Century Companies
21
American Century Companies
Missouri
$31.9M +$1.72M +108,760 +5%
HSBC Holdings
22
HSBC Holdings
United Kingdom
$25.2M +$14.3M +904,118 +115%
SGDR
23
SPX Gestao de Recursos
Brazil
$22.7M +$11M +698,863 +85%
Northern Trust
24
Northern Trust
Illinois
$20.5M +$1.89M +119,779 +10%
KL
25
KGH Ltd
Bahamas
$19.7M -$63.6M -4,025,000 -75%
1
2 3 4 5

PBR.A Hedge Fund Activity: Q1 2024 in Review

176 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Petrobras Class A (PBR.A) for Q1 2024, worth a combined $3.79B — down 4.1% from $3.95B a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new PBR.A positions and 18 closed out — a net gain of 4 holders — while 54 added to existing stakes and 63 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $301M. The largest seller was Morgan Stanley, cutting an estimated $181M.

  • 176 institutional investors held Petrobras Class A (PBR.A) as of Q1 2024, up from 172 in Q4 2023.
  • Funds reported $3.79B of Petrobras Class A stock for Q1 2024, down 4.1% quarter-over-quarter.
  • 22 funds opened new Petrobras Class A positions in Q1 2024 and 18 closed out, a net change of +4 holders.
  • The largest Petrobras Class A buyer in Q1 2024 was Goldman Sachs, an estimated $301M added.
  • The largest Petrobras Class A seller in Q1 2024 was Morgan Stanley, an estimated $181M sold.

Based on aggregated 13F filings for Q1 2024.