Petrobras
PBR
416 hedge funds and large institutions have $7.58B invested in Petrobras in 2023 Q1 according to their latest regulatory filings, with 68 funds opening new positions, 128 increasing their positions, 146 reducing their positions, and 56 closing their positions.
21% more first-time investments, than exits
New positions opened: 68 | Existing positions closed: 56
1% more funds holding
Funds holding: 411 → 416 (+5)
0.28% less ownership
Funds ownership: 10.02% → 9.74% (-0.28%)
4% less capital invested
Capital invested by funds: $7.87B → $7.58B (-$288M)
12% less repeat investments, than reductions
Existing positions increased: 128 | Existing positions reduced: 146
33% less funds holding in top 10
Funds holding in top 10: 15 → 10 (-5)
42% less call options, than puts
Call options by funds: $278M | Put options by funds: $477M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$102M |
| 2 |
Optiver Holding
Amsterdam,
Netherlands
|
+$42.6M |
| 3 |
Millennium Management
New York
|
+$33.9M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$33.4M |
| 5 |
TAA
Turiya Advisors Asia
Hong Kong
|
+$27.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
National Bank of Canada
Montreal,
Quebec, Canada
|
-$149M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$121M |
| 3 |
Renaissance Technologies
New York
|
-$61.9M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$61.7M |
| 5 |
IUHSA
Itau Unibanco Holding S.A.
Sao Paulo,
Brazil
|
-$53.2M |
PBR Hedge Fund Activity: Q1 2023 in Review
416 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Petrobras (PBR) for Q1 2023, worth a combined $7.58B — down 3.7% from $7.87B a quarter earlier.
Buyers outnumbered sellers: 68 funds opened new PBR positions and 56 closed out — a net gain of 12 holders — while 128 added to existing stakes and 146 trimmed.
The largest buyer was Susquehanna International Group, adding an estimated $102M. The largest seller was National Bank of Canada, cutting an estimated $149M.
- 416 institutional investors held Petrobras (PBR) as of Q1 2023, up from 411 in Q4 2022.
- Funds reported $7.58B of Petrobras stock for Q1 2023, down 3.7% quarter-over-quarter.
- 68 funds opened new Petrobras positions in Q1 2023 and 56 closed out, a net change of +12 holders.
- The largest Petrobras buyer in Q1 2023 was Susquehanna International Group, an estimated $102M added.
- The largest Petrobras seller in Q1 2023 was National Bank of Canada, an estimated $149M sold.
Based on aggregated 13F filings for Q1 2023.