Question 1

What percentage of PBR is owned by institutions?

Accepted Answer

Based on Q1 2026 13F filings, institutional ownership of Petróleo Brasileiro S.A. - Petrobras stands at 12.9%, held across 532 reporting institutions.

Question 2

Who is the largest institutional holder of PBR?

Accepted Answer

GQG Partners LLC is the largest reported institutional holder of PBR, with approximately 173,440,105 shares worth $3.60B as of Q1 2026.

Question 3

Is PBR a hedge fund favorite?

Accepted Answer

Yes — 3 widely-followed marquee investors appear among the top 25 institutional holders of PBR, including SUSQUEHANNA INTERNATIONAL GROUP, LLP, Fisher Asset Management, LLC, RENAISSANCE TECHNOLOGIES LLC.

Question 4

What is PBR's Smart Money Score?

Accepted Answer

Our composite Smart Money Score for PBR is 80 out of 100 (Strong Smart Money). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.

Question 5

How many institutions bought PBR this quarter?

Accepted Answer

130 institutions opened new positions in PBR during Q1 2026, while 68 fully exited. 366 added to existing positions and 32 trimmed.

Question 6

How is institutional ownership of PBR changing?

Accepted Answer

PBR institutional ownership rose by 6.76 percentage points quarter-over-quarter, with a net change of +62 holders.

Question 7

How concentrated is PBR ownership among the top holders?

Accepted Answer

The top 10 institutions account for 58.4% of all reported 13F value in PBR, and the top 25 account for 79.1%.

Question 8

Where does this PBR institutional ownership data come from?

Accepted Answer

All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.

#	Institution	Shares Held	Market Value	QoQ Change	Ownership %	% of Fund
1	GQG Partners LLC	173.4M	$3.60B	+27.5%	2.691%	5.70%
2	BAILLIE GIFFORD & CO	44.4M	$922.1M	+50.5%	0.690%	0.94%
3	Capital International Investors	44.2M	$918.0M	+44.4%	0.686%	0.22%
4	Invesco Ltd.	29.0M	$602.7M	+3.8%	0.451%	0.09%
5	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	28.6M	$592.5M	—	0.443%	0.32%
6	SUSQUEHANNA INTERNATIONAL GROUP, LLP	27.3M	$567.3M	+32.0%	0.424%	0.06%
7	LAZARD ASSET MANAGEMENT LLC	25.3M	$524.0M	+9.0%	0.392%	0.86%
8	MORGAN STANLEY	20.5M	$425.8M	+69.8%	0.318%	0.03%
9	SCHRODER INVESTMENT MANAGEMENT GROUP	18.3M	$380.0M	-21.7%	0.284%	0.31%
10	ARGA Investment Management, LP	17.7M	$366.9M	-6.8%	0.274%	12.05%
11	UBS Group AG	16.0M	$332.9M	-12.9%	0.249%	0.05%
12	BlackRock, Inc.	16.0M	$331.2M	+37.9%	0.248%	0.01%
13	Capital World Investors	14.1M	$292.6M	—	0.219%	0.04%
14	Fisher Asset Management, LLC	11.8M	$245.5M	-15.4%	0.184%	0.08%
15	Itau Unibanco Holding S.A.	19.8M	$234.2M	0.0%	0.308%	5.75%
16	Mondrian Investment Partners LTD	11.1M	$230.4M	-12.3%	0.172%	3.45%
17	FMR LLC	10.4M	$214.8M	+148.0%	0.161%	0.01%
18	GOLDMAN SACHS GROUP INC	10.2M	$210.8M	-41.6%	0.158%	0.02%
19	BANK OF AMERICA CORP /DE/	9.0M	$186.2M	-34.8%	0.139%	0.01%
20	Robeco Institutional Asset Management B.V.	7.8M	$162.5M	+30.2%	0.121%	0.23%
21	RENAISSANCE TECHNOLOGIES LLC	7.7M	$159.0M	-19.8%	0.119%	0.25%
22	Russell Investments Group, Ltd.	7.2M	$150.0M	+1076.6%	0.112%	0.16%
23	DEUTSCHE BANK AG\	6.8M	$142.0M	+102610.1%	0.106%	0.05%
24	OAKTREE CAPITAL MANAGEMENT LP	6.1M	$126.4M	—	0.095%	2.20%
25	CITIGROUP INC	5.9M	$121.8M	+13.9%	0.091%	0.05%

Quarter	Inst. Holders	Δ Holders	Ownership %	Δ Ownership	Total 13F Value	Δ Value
Q1 2026	532	+13%	12.86%	+6.76 pp	$15.23B	+111%
Q4 2025	470	+2.2%	6.10%	1.09 pp	$7.23B	15%
Q3 2025	460	2.5%	7.19%	+0.22 pp	$8.52B	+3.2%
Q2 2025	472	+2.6%	6.97%	2.03 pp	$8.25B	23%
Q1 2025	460	+0.0%	9.00%	+1.64 pp	$10.66B	+22%
Q4 2024	460	1.3%	7.36%	13.79 pp	$8.72B	65%
Q3 2024	466	+0.0%	21.15%	+13.23 pp	$25.06B	+167%
Q2 2024	466	—	7.92%	—	$9.38B	—

Petróleo Brasileiro S.A. - Petrobras (PBR) Institutional Ownership

AI Insights & Key Takeaways

Top Institutional Holders of PBR

Quarterly Institutional Activity

PBR Institutional Ownership by Quarter

PBR — Frequently Asked Questions