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Petrobras Class A

189 hedge funds and large institutions have $1.99B invested in Petrobras Class A in 2025 Q2 according to their latest regulatory filings, with 26 funds opening new positions, 88 increasing their positions, 46 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

91% more repeat investments, than reductions

Existing positions increased: 88 | Existing positions reduced: 46

2.88% more ownership

Funds ownership: 3.45%6.33% (+2.9%)

4% less first-time investments, than exits

New positions opened: 26 | Existing positions closed: 27

3% less funds holding

Funds holding: 194189 (-5)

18% less capital invested

Capital invested by funds: $2.44B → $1.99B (-$452M)

42% less call options, than puts

Call options by funds: $15.9M | Put options by funds: $27.3M

45% less funds holding in top 10

Funds holding in top 10: 116 (-5)

Holders
189
Holders Change
-5
Holders Change %
-2.58%
% of All Funds
2.49%
Holding in Top 10
6
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-45.45%
% of All Funds
0.08%
New
26
Increased
88
Reduced
46
Closed
27
Calls
$15.9M
Puts
$27.3M
Net Calls
-$11.4M
Net Calls Change
-$173M
Name Holding Trade Value Shares
Change
Change in
Stake
JP Morgan Chase
1
JP Morgan Chase
New York
$265M -$9.52M -854,080 -4%
Robeco Institutional Asset Management
2
Robeco Institutional Asset Management
Netherlands
$258M -$6.68M -599,373 -3%
Massachusetts Financial Services
3
Massachusetts Financial Services
Massachusetts
$169M -$7.48M -671,142 -4%
BlackRock
4
BlackRock
New York
$140M +$10.6M +948,182 +8%
Amundi
5
Amundi
France
$77.3M +$138K +12,373 +0.2%
Baillie Gifford & Co
6
Baillie Gifford & Co
United Kingdom
$75.4M -$3.01M -270,192 -4%
Fidelity Investments
7
Fidelity Investments
Massachusetts
$73.2M -$2.12M -189,892 -3%
Goldman Sachs
8
Goldman Sachs
New York
$72.6M +$30.4M +2,726,221 +77%
Macquarie Group
9
Macquarie Group
Australia
$71.4M
IUHSA
10
Itau Unibanco Holding S.A.
Brazil
$70.2M -$68.5M -6,149,336 -50%
Dimensional Fund Advisors
11
Dimensional Fund Advisors
Texas
$67.5M +$2.34M +210,205 +4%
State Street
12
State Street
Massachusetts
$63.2M +$2.75M +247,033 +5%
BIP
13
Brandes Investment Partners
California
$52.1M +$12.8M +1,153,226 +34%
Renaissance Technologies
14
Renaissance Technologies
New York
$51.8M +$6.85M +615,100 +16%
American Century Companies
15
American Century Companies
Missouri
$38.6M +$5.21M +467,488 +16%
Vanguard Group
16
Vanguard Group
Pennsylvania
$36.8M -$9.82M -881,217 -22%
RFM
17
Ranmore Fund Management
United Kingdom
$23.4M +$6.13M +550,000 +37%
Northern Trust
18
Northern Trust
Illinois
$21.7M +$281K +25,206 +1%
Optiver Holding
19
Optiver Holding
Netherlands
$20.3M +$18.1M +1,628,520 +1,245%
SGDR
20
SPX Gestao de Recursos
Brazil
$19.9M +$5.42M +486,755 +39%
State of Wisconsin Investment Board
21
State of Wisconsin Investment Board
Wisconsin
$18.3M +$5.64M +506,274 +47%
Millennium Management
22
Millennium Management
New York
$16.7M +$2.42M +217,208 +18%
Morgan Stanley
23
Morgan Stanley
New York
$14.3M +$4.31M +386,415 +45%
SC
24
Sagil Capital
United Kingdom
$14.3M +$1.2M +107,802 +10%
Allspring Global Investments
25
Allspring Global Investments
North Carolina
$13.9M +$1.68M +150,649 +14%

PBR.A Hedge Fund Activity: Q2 2025 in Review

189 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Petrobras Class A (PBR.A) for Q2 2025, worth a combined $1.99B — down 18% from $2.44B a quarter earlier.

Sellers outnumbered buyers: 27 funds closed out of PBR.A and 26 opened new positions — a net loss of 1 holder — while 46 trimmed existing stakes and 88 added.

The largest buyer was Goldman Sachs, adding an estimated $30.4M. The largest seller was Arrowstreet Capital, exiting entirely with an estimated $173M sold.

  • 189 institutional investors held Petrobras Class A (PBR.A) as of Q2 2025, down from 194 in Q1 2025.
  • Funds reported $1.99B of Petrobras Class A stock for Q2 2025, down 18% quarter-over-quarter.
  • 26 funds opened new Petrobras Class A positions in Q2 2025 and 27 closed out, a net change of -1 holder.
  • The largest Petrobras Class A buyer in Q2 2025 was Goldman Sachs, an estimated $30.4M added.
  • The largest Petrobras Class A seller in Q2 2025 was Arrowstreet Capital, an estimated $173M sold.

Based on aggregated 13F filings for Q2 2025.