Petrobras
PBR
268 hedge funds and large institutions have $3.76B invested in Petrobras in 2017 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 92 increasing their positions, 89 reducing their positions, and 41 closing their positions.
25% more capital invested
Capital invested by funds: $3B → $3.76B (+$758M)
22% more funds holding in top 10
Funds holding in top 10: 9 → 11 (+2)
3% more repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 89
0.06% less ownership
Funds ownership: 5.06% → 4.99% (-0.06%)
6% less funds holding
Funds holding: 284 → 268 (-16)
27% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 41
50% less call options, than puts
Call options by funds: $222M | Put options by funds: $444M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
+$73.6M |
| 2 |
State of Wisconsin Investment Board
Madison,
Wisconsin
|
+$48.8M |
| 3 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
+$29.4M |
| 4 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$29.1M |
| 5 |
PSCM
Prince Street Capital Management
New York
|
+$24.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Schroder Investment Management Group
London,
United Kingdom
|
-$50.4M |
| 2 |
Renaissance Technologies
New York
|
-$46.5M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$38.5M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
-$32.5M |
| 5 |
Morgan Stanley
New York
|
-$23.7M |
PBR Hedge Fund Activity: Q3 2017 in Review
268 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Petrobras (PBR) for Q3 2017, worth a combined $3.76B — up 25% from $3B a quarter earlier.
Sellers outnumbered buyers: 41 funds closed out of PBR and 30 opened new positions — a net loss of 11 holders — while 89 trimmed existing stakes and 92 added.
The largest buyer was Two Sigma Investments, adding an estimated $73.6M. The largest seller was Schroder Investment Management Group, cutting an estimated $50.4M.
- 268 institutional investors held Petrobras (PBR) as of Q3 2017, down from 284 in Q2 2017.
- Funds reported $3.76B of Petrobras stock for Q3 2017, up 25% quarter-over-quarter.
- 30 funds opened new Petrobras positions in Q3 2017 and 41 closed out, a net change of -11 holders.
- The largest Petrobras buyer in Q3 2017 was Two Sigma Investments, an estimated $73.6M added.
- The largest Petrobras seller in Q3 2017 was Schroder Investment Management Group, an estimated $50.4M sold.
Based on aggregated 13F filings for Q3 2017.