Petrobras
PBR
474 hedge funds and large institutions have $10.9B invested in Petrobras in 2025 Q1 according to their latest regulatory filings, with 57 funds opening new positions, 186 increasing their positions, 145 reducing their positions, and 61 closing their positions.
40% more funds holding in top 10
Funds holding in top 10: 10 → 14 (+4)
28% more repeat investments, than reductions
Existing positions increased: 186 | Existing positions reduced: 145
22% more capital invested
Capital invested by funds: $8.96B → $10.9B (+$1.98B)
0.04% less ownership
Funds ownership: 9.35% → 9.31% (-0.04%)
7% less first-time investments, than exits
New positions opened: 57 | Existing positions closed: 61
2% less funds holding
Funds holding: 484 → 474 (-10)
18% less call options, than puts
Call options by funds: $542M | Put options by funds: $658M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GQG Partners
Ft. Lauderdale,
Florida
|
+$260M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$84.1M |
| 3 |
CC
Carrhae Capital
London,
United Kingdom
|
+$62.3M |
| 4 |
Voloridge Investment Management
Jupiter,
Florida
|
+$61.4M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
+$47.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IUHSA
Itau Unibanco Holding S.A.
Sao Paulo,
Brazil
|
-$179M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$158M |
| 3 |
UBS AM
Chicago,
Illinois
|
-$114M |
| 4 |
Goldman Sachs
New York
|
-$52.3M |
| 5 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$50.7M |
PBR Hedge Fund Activity: Q1 2025 in Review
474 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Petrobras (PBR) for Q1 2025, worth a combined $10.9B — up 22% from $8.96B a quarter earlier.
Sellers outnumbered buyers: 61 funds closed out of PBR and 57 opened new positions — a net loss of 4 holders — while 145 trimmed existing stakes and 186 added.
The largest buyer was GQG Partners, adding an estimated $260M. The largest seller was Itau Unibanco Holding S.A., cutting an estimated $179M.
- 474 institutional investors held Petrobras (PBR) as of Q1 2025, down from 484 in Q4 2024.
- Funds reported $10.9B of Petrobras stock for Q1 2025, up 22% quarter-over-quarter.
- 57 funds opened new Petrobras positions in Q1 2025 and 61 closed out, a net change of -4 holders.
- The largest Petrobras buyer in Q1 2025 was GQG Partners, an estimated $260M added.
- The largest Petrobras seller in Q1 2025 was Itau Unibanco Holding S.A., an estimated $179M sold.
Based on aggregated 13F filings for Q1 2025.