Petrobras
PBR
490 hedge funds and large institutions have $6.93B invested in Petrobras in 2025 Q4 according to their latest regulatory filings, with 82 funds opening new positions, 179 increasing their positions, 160 reducing their positions, and 58 closing their positions.
41% more first-time investments, than exits
New positions opened: 82 | Existing positions closed: 58
20% more funds holding in top 10
Funds holding in top 10: 10 → 12 (+2)
12% more repeat investments, than reductions
Existing positions increased: 179 | Existing positions reduced: 160
3% more funds holding
Funds holding: 476 → 490 (+14)
9% less call options, than puts
Call options by funds: $489M | Put options by funds: $537M
1.61% less ownership
Funds ownership: 17.32% → 15.71% (-1.6%)
15% less capital invested
Capital invested by funds: $8.16B → $6.93B (-$1.23B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IUHSA
Itau Unibanco Holding S.A.
Sao Paulo,
Brazil
|
+$144M |
| 2 |
Capital International Investors
Los Angeles,
California
|
+$127M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$122M |
| 4 |
Goldman Sachs
New York
|
+$77M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$64.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GQG Partners
Ft. Lauderdale,
Florida
|
-$927M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$321M |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$59.2M |
| 4 |
Schroder Investment Management Group
London,
United Kingdom
|
-$58.6M |
| 5 |
D.E. Shaw & Co
New York
|
-$55.4M |
PBR Hedge Fund Activity: Q4 2025 in Review
490 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Petrobras (PBR) for Q4 2025, worth a combined $6.93B — down 15% from $8.16B a quarter earlier.
Buyers outnumbered sellers: 82 funds opened new PBR positions and 58 closed out — a net gain of 24 holders — while 179 added to existing stakes and 160 trimmed.
The largest buyer was Itau Unibanco Holding S.A., adding an estimated $144M. The largest seller was GQG Partners, cutting an estimated $927M.
- 490 institutional investors held Petrobras (PBR) as of Q4 2025, up from 476 in Q3 2025.
- Funds reported $6.93B of Petrobras stock for Q4 2025, down 15% quarter-over-quarter.
- 82 funds opened new Petrobras positions in Q4 2025 and 58 closed out, a net change of +24 holders.
- The largest Petrobras buyer in Q4 2025 was Itau Unibanco Holding S.A., an estimated $144M added.
- The largest Petrobras seller in Q4 2025 was GQG Partners, an estimated $927M sold.
Based on aggregated 13F filings for Q4 2025.