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Petrobras
PBR

335 hedge funds and large institutions have $6.38B invested in Petrobras in 2014 Q1 according to their latest regulatory filings, with 48 funds opening new positions, 108 increasing their positions, 119 reducing their positions, and 52 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.13% more ownership

Funds ownership: 6.39% → 6.52% (+0.13%)

5% less capital invested

Capital invested by funds: $6.71B → $6.38B (-$325M)

8% less first-time investments, than exits

New positions opened: 48 | Existing positions closed: 52

9% less repeat investments, than reductions

Existing positions increased: 108 | Existing positions reduced: 119

2% less funds holding

Funds holding: 341 → 335 (-6)

7% less funds holding in top 10

Funds holding in top 10: 15 → 14 (-1)

11% less call options, than puts

Call options by funds: $498M | Put options by funds: $559M

Holders
335
Holders Change
-6
Holders Change %
-1.76%
% of All Funds
9.68%
Holding in Top 10
14
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-6.67%
% of All Funds
0.4%
New
48
Increased
108
Reduced
119
Closed
52
Calls
$498M
Puts
$559M
Net Calls
-$60.8M
Net Calls Change
+$157M

Top Buyers

1
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$156M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$137M
3
Deutsche Bank
Deutsche Bank
Germany
+$94.8M
4
BG
BlackRock Group
United Kingdom
+$66.4M
5
Fidelity Investments
Fidelity Investments
Massachusetts
+$52.3M

Top Sellers

1
NC
Northern Cross
Massachusetts
-$202M
2
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$94.1M
3
HL
Harding Loevner
New Jersey
-$74.4M
4
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$52.3M
5
Citigroup
Citigroup
New York
-$42.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
VAM
351
Vermillion Asset Management
New York
– -$689K -50,000 Closed
Prudential Financial
352
Prudential Financial
New Jersey
– -$676K -49,075 Closed
B
353
Bailard
California
– -$551K -40,000 Closed
Tudor Investment Corp
354
Tudor Investment Corp
Connecticut
– -$488K -35,400 Closed
H
355
Hexavest
Quebec, Canada
– -$405K -29,404 Closed
ICM
356
Ionic Capital Management
New York
– -$383K -27,800 Closed
BBHC
357
Brown Brothers Harriman & Co
New York
– -$358K -26,000 Closed
SCM
358
Stevens Capital Management
Pennsylvania
– -$313K -22,719 Closed
BCM
359
Bluefin Capital Management
New York
– -$298K -21,632 Closed
MSU
360
Maple Securities USA
New Jersey
– -$291K -21,084 Closed
Cohen & Steers
361
Cohen & Steers
New York
– -$276K -20,000 Closed
ACM
362
Argentus Capital Management
Texas
– -$260K -18,879 Closed
KeyBank National Association
363
KeyBank National Association
Ohio
– -$222K -16,090 Closed
TH
364
Timber Hill
Connecticut
– -$178K -15,289 Closed
FCH
365
Freestone Capital Holdings
Washington
– -$201K -14,552 Closed
Verition Fund Management
366
Verition Fund Management
Connecticut
– -$185K -13,418 Closed
BNP Paribas Asset Management
367
BNP Paribas Asset Management
France
– -$165K -11,952 Closed
RCAG
368
Rehmann Capital Advisory Group
Michigan
– -$163K -11,834 Closed
Two Sigma Investments
369
Two Sigma Investments
New York
– -$157K -11,410 Closed
MYAM
370
Meiji Yasuda Asset Management
Japan
– -$149K -10,800 Closed
BIM
371
Baldwin Investment Management
Pennsylvania
– -$140K -10,128 Closed
DIA
372
Denver Investment Advisors
Colorado
– -$138 -10,000 Closed
QT
373
Quantbot Technologies
New York
– -$93K -6,800 Closed
HNB
374
Huntington National Bank
Ohio
– -$69K -5,000 Closed
FAM
375
Formidable Asset Management
Ohio
– -$33K -2,921 Closed
12 13 14
15
16

PBR Hedge Fund Activity: Q1 2014 in Review

335 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Petrobras (PBR) for Q1 2014, worth a combined $6.38B — down 4.8% from $6.71B a quarter earlier.

Sellers outnumbered buyers: 52 funds closed out of PBR and 48 opened new positions — a net loss of 4 holders — while 119 trimmed existing stakes and 108 added.

The largest buyer was BNP Paribas Financial Markets, adding an estimated $156M. The largest seller was Northern Cross, exiting entirely with an estimated $202M sold.

  • 335 institutional investors held Petrobras (PBR) as of Q1 2014, down from 341 in Q4 2013.
  • Funds reported $6.38B of Petrobras stock for Q1 2014, down 4.8% quarter-over-quarter.
  • 48 funds opened new Petrobras positions in Q1 2014 and 52 closed out, a net change of -4 holders.
  • The largest Petrobras buyer in Q1 2014 was BNP Paribas Financial Markets, an estimated $156M added.
  • The largest Petrobras seller in Q1 2014 was Northern Cross, an estimated $202M sold.

Based on aggregated 13F filings for Q1 2014.