Petrobras
PBR
464 hedge funds and large institutions have $12.2B invested in Petrobras in 2023 Q4 according to their latest regulatory filings, with 83 funds opening new positions, 171 increasing their positions, 137 reducing their positions, and 46 closing their positions.
80% more first-time investments, than exits
New positions opened: 83 | Existing positions closed: 46
25% more repeat investments, than reductions
Existing positions increased: 171 | Existing positions reduced: 137
11% more funds holding in top 10
Funds holding in top 10: 19 → 21 (+2)
10% more capital invested
Capital invested by funds: $11B → $12.2B (+$1.14B)
7% more funds holding
Funds holding: 433 → 464 (+31)
0.38% more ownership
Funds ownership: 9.85% → 10.23% (+0.38%)
13% less call options, than puts
Call options by funds: $933M | Put options by funds: $1.07B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$358M |
| 2 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$210M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$85.4M |
| 4 |
Goldman Sachs
New York
|
+$73.3M |
| 5 |
IUHSA
Itau Unibanco Holding S.A.
Sao Paulo,
Brazil
|
+$59.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$168M |
| 2 |
SGDR
SPX Gestao de Recursos
Rio De Janeiro,
Brazil
|
-$84.8M |
| 3 |
JP Morgan Chase
New York
|
-$54.7M |
| 4 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$41.7M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
-$34.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
501
Jones Financial Companies
Des Peres,
Missouri
| – | -$20.9K | -1,395 | Closed |
|
|
OP
502
ORG Partners
Roanoke,
Indiana
| – | -$11.9K | -793 | Closed |
|
|
PB
503
Pinnacle Bancorp
Beatrice,
Nebraska
| – | -$11.7K | -781 | Closed |
|
|
TPCW
504
TD Private Client Wealth
New York
| – | -$4.59K | -306 | Closed |
|
|
CFB
505
Cullen/Frost Bankers
San Antonio,
Texas
| – | -$4.5K | -300 | Closed |
|
|
TJHA
506
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
| – | -$3.84K | -256 | Closed |
|
|
LWCFA
507
Loring Wolcott & Coolidge Fiduciary Advisors
Boston,
Massachusetts
| – | -$3.79K | -242 | Closed |
|
|
HIA
508
Harbor Investment Advisory
Lutherville,
Maryland
| – | -$1.5K | -100 | Closed |
|
|
CG
509
Cutler Group
San Francisco,
California
| – | -$398 | -26 | -67% |
|
PBR Hedge Fund Activity: Q4 2023 in Review
464 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Petrobras (PBR) for Q4 2023, worth a combined $12.2B — up 10% from $11B a quarter earlier.
Buyers outnumbered sellers: 83 funds opened new PBR positions and 46 closed out — a net gain of 37 holders — while 171 added to existing stakes and 137 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $358M. The largest seller was Fidelity Investments, cutting an estimated $168M.
- 464 institutional investors held Petrobras (PBR) as of Q4 2023, up from 433 in Q3 2023.
- Funds reported $12.2B of Petrobras stock for Q4 2023, up 10% quarter-over-quarter.
- 83 funds opened new Petrobras positions in Q4 2023 and 46 closed out, a net change of +37 holders.
- The largest Petrobras buyer in Q4 2023 was Morgan Stanley, an estimated $358M added.
- The largest Petrobras seller in Q4 2023 was Fidelity Investments, an estimated $168M sold.
Based on aggregated 13F filings for Q4 2023.