Petrobras
PBR
310 hedge funds and large institutions have $3.12B invested in Petrobras in 2014 Q4 according to their latest regulatory filings, with 55 funds opening new positions, 91 increasing their positions, 121 reducing their positions, and 84 closing their positions.
0.3% less ownership
Funds ownership: 6.09% → 5.78% (-0.3%)
10% less funds holding
Funds holding: 345 → 310 (-35)
12% less call options, than puts
Call options by funds: $406M | Put options by funds: $459M
23% less funds holding in top 10
Funds holding in top 10: 13 → 10 (-3)
25% less repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 121
35% less first-time investments, than exits
New positions opened: 55 | Existing positions closed: 84
51% less capital invested
Capital invested by funds: $6.43B → $3.12B (-$3.3B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$100M |
| 2 |
AGCJ
Alden Global Capital (Jersey)
St. Helier,
Jersey
|
+$70.1M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$59.3M |
| 4 |
NM
NWI Management
New York
|
+$59.3M |
| 5 |
D.E. Shaw & Co
New York
|
+$36.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BG
BlackRock Group
London,
United Kingdom
|
-$111M |
| 2 |
CANY
Caxton Associates (New York)
New York
|
-$80.4M |
| 3 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
-$63.5M |
| 4 |
HL
Harding Loevner
Bridgewater,
New Jersey
|
-$54.3M |
| 5 |
AAM
Aberdeen Asset Management
Aberdeen,
United Kingdom
|
-$53.1M |
PBR Hedge Fund Activity: Q4 2014 in Review
310 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Petrobras (PBR) for Q4 2014, worth a combined $3.12B — down 51% from $6.43B a quarter earlier.
Sellers outnumbered buyers: 84 funds closed out of PBR and 55 opened new positions — a net loss of 29 holders — while 121 trimmed existing stakes and 91 added.
The largest buyer was Renaissance Technologies, adding an estimated $100M. The largest seller was BlackRock Group, cutting an estimated $111M.
- 310 institutional investors held Petrobras (PBR) as of Q4 2014, down from 345 in Q3 2014.
- Funds reported $3.12B of Petrobras stock for Q4 2014, down 51% quarter-over-quarter.
- 55 funds opened new Petrobras positions in Q4 2014 and 84 closed out, a net change of -29 holders.
- The largest Petrobras buyer in Q4 2014 was Renaissance Technologies, an estimated $100M added.
- The largest Petrobras seller in Q4 2014 was BlackRock Group, an estimated $111M sold.
Based on aggregated 13F filings for Q4 2014.