Petrobras
PBR
290 hedge funds and large institutions have $2.33B invested in Petrobras in 2015 Q1 according to their latest regulatory filings, with 50 funds opening new positions, 82 increasing their positions, 103 reducing their positions, and 69 closing their positions.
0.6% less ownership
Funds ownership: 5.78% → 5.18% (-0.6%)
6% less funds holding
Funds holding: 310 → 290 (-20)
20% less repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 103
26% less capital invested
Capital invested by funds: $3.14B → $2.33B (-$807M)
28% less first-time investments, than exits
New positions opened: 50 | Existing positions closed: 69
30% less funds holding in top 10
Funds holding in top 10: 10 → 7 (-3)
42% less call options, than puts
Call options by funds: $245M | Put options by funds: $426M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIG
Senator Investment Group
New York
|
+$131M |
| 2 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
+$91.7M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$58.2M |
| 4 |
HSBC Holdings
London,
United Kingdom
|
+$51.3M |
| 5 |
WGI
Westwood Global Investments
Boston,
Massachusetts
|
+$15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIM
Sprucegrove Investment Management
Toronto,
Ontario, Canada
|
-$94.4M |
| 2 |
Renaissance Technologies
New York
|
-$72M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$70.5M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$30.8M |
| 5 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
-$27.4M |
PBR Hedge Fund Activity: Q1 2015 in Review
290 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in Petrobras (PBR) for Q1 2015, worth a combined $2.33B — down 26% from $3.14B a quarter earlier.
Sellers outnumbered buyers: 69 funds closed out of PBR and 50 opened new positions — a net loss of 19 holders — while 103 trimmed existing stakes and 82 added.
The largest buyer was Senator Investment Group, opening a new position worth an estimated $131M. The largest seller was Sprucegrove Investment Management, exiting entirely with an estimated $94.4M sold.
- 290 institutional investors held Petrobras (PBR) as of Q1 2015, down from 310 in Q4 2014.
- Funds reported $2.33B of Petrobras stock for Q1 2015, down 26% quarter-over-quarter.
- 50 funds opened new Petrobras positions in Q1 2015 and 69 closed out, a net change of -19 holders.
- The largest Petrobras buyer in Q1 2015 was Senator Investment Group, an estimated $131M added.
- The largest Petrobras seller in Q1 2015 was Sprucegrove Investment Management, an estimated $94.4M sold.
Based on aggregated 13F filings for Q1 2015.