Petrobras
PBR
476 hedge funds and large institutions have $8.16B invested in Petrobras in 2025 Q3 according to their latest regulatory filings, with 62 funds opening new positions, 176 increasing their positions, 150 reducing their positions, and 63 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 176 | Existing positions reduced: 150
1% more capital invested
Capital invested by funds: $8.07B → $8.16B (+$95.7M)
0% more funds holding in top 10
Funds holding in top 10: 10 → 10 (0)
0% less ownership
Funds ownership: 17.32% → 17.32% (-0%)
2% less first-time investments, than exits
New positions opened: 62 | Existing positions closed: 63
2% less funds holding
Funds holding: 484 → 476 (-8)
18% less call options, than puts
Call options by funds: $465M | Put options by funds: $564M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIM
ARGA Investment Management
Stamford,
Connecticut
|
+$97.6M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$87.7M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$41.6M |
| 4 |
SGDR
SPX Gestao de Recursos
Rio De Janeiro,
Brazil
|
+$36.8M |
| 5 |
IPAM
ICICI Prudential Asset Management
Mumbai,
India
|
+$34.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GQG Partners
Ft. Lauderdale,
Florida
|
-$118M |
| 2 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$104M |
| 3 |
UBS AM
Chicago,
Illinois
|
-$95.5M |
| 4 |
TIM
Thornburg Investment Management
Santa Fe,
New Mexico
|
-$92.6M |
| 5 |
Optiver Holding
Amsterdam,
Netherlands
|
-$41.2M |
PBR Hedge Fund Activity: Q3 2025 in Review
476 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in Petrobras (PBR) for Q3 2025, worth a combined $8.16B — up 1.2% from $8.07B a quarter earlier.
Sellers outnumbered buyers: 63 funds closed out of PBR and 62 opened new positions — a net loss of 1 holder — while 150 trimmed existing stakes and 176 added.
The largest buyer was ARGA Investment Management, adding an estimated $97.6M. The largest seller was GQG Partners, cutting an estimated $118M.
- 476 institutional investors held Petrobras (PBR) as of Q3 2025, down from 484 in Q2 2025.
- Funds reported $8.16B of Petrobras stock for Q3 2025, up 1.2% quarter-over-quarter.
- 62 funds opened new Petrobras positions in Q3 2025 and 63 closed out, a net change of -1 holder.
- The largest Petrobras buyer in Q3 2025 was ARGA Investment Management, an estimated $97.6M added.
- The largest Petrobras seller in Q3 2025 was GQG Partners, an estimated $118M sold.
Based on aggregated 13F filings for Q3 2025.