Petróleo Brasileiro S.A. - Petrobras - Depositary Receipt (Common Stock)
BG ˙ BUL ˙ US71654V4086
SecurityBG:PJXA / Petróleo Brasileiro S.A. - Petrobras - Depositary Receipt (Common Stock)
InstitutionBanco Santander, S.A.
Latest Disclosed Ownership45,530 shares
Latest Disclosed Value $ 944,747
Banco Santander, S.A. reports 89.51% decrease in ownership of PJXA / Petróleo Brasileiro S.A. - Petrobras - Depositary Receipt (Common Stock)

On May 8, 2026 - Banco Santander, S.A. filed a 13F-HR form disclosing ownership of 45,530 shares of Petróleo Brasileiro S.A. - Petrobras - Depositary Receipt (Common Stock) (BG:PJXA) valued at $944,747 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 434,136 shares of Petróleo Brasileiro S.A. - Petrobras - Depositary Receipt (Common Stock). This represents a change in shares of -89.51% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-08 2026-03-31 13F PETROLEO BRASILEIRO S A SPONSORED ADR 71654V408 45,530 -388,606 -89.51 945 -81.65 0.0045
2026-02-13 2025-12-31 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 434,136 287,749 196.57 5,145 177.60 0.0385
2025-11-12 2025-09-30 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 146,387 -147,574 -50.20 1,853 -49.61 0.0165
2025-08-01 2025-06-30 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 293,961 138,717 89.35 3,677 65.18 0.0349
2025-05-09 2025-03-31 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 155,244 20,462 15.18 2,226 28.45 0.0246
2025-02-07 2024-12-31 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 134,782 23,709 21.35 1,733 8.31 0.0209
2024-11-12 2024-09-30 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 111,073 3,441 3.20 1,601 2.63 0.0189
2024-07-29 2024-06-30 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 107,632 -18,862 -14.91 1,560 -18.93 0.0193
2024-05-10 2024-03-31 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 126,494 11,508 10.01 1,924 4.74 0.0232
2024-02-09 2023-12-31 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 114,986 -18,330 -13.75 1,836 -8.11 0.0217
2023-11-08 2023-09-30 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 133,316 -52,577 -28.28 1,998 -22.26 0.0283
2023-08-14 2023-06-30 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 185,893 136,723 278.06 2,571 401.95 0.0337
2023-05-10 2023-03-31 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 49,170 -137,528 -73.66 513 -74.25 0.0077
2023-02-13 2022-12-31 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 186,698 -14,944 -7.41 1,988 -20.10 0.0299
2022-11-08 2022-09-30 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 201,642 47,375 30.71 2,488 38.07 0.0332
2022-07-28 2022-06-30 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 154,267 49,671 47.49 1,802 16.48 0.0240
2022-05-09 2022-03-31 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 104,596 -14,746 -12.36 1,547 18.00 0.0166
2022-02-09 2021-12-31 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 119,342 -1,185 -0.98 1,311 5.22 0.0071
2021-11-08 2021-09-30 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 120,527 11,102 10.15 1,246 -6.88 0.0067
2021-07-29 2021-06-30 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 109,425 -331,894 -75.21 1,338 -64.26 0.0075
2021-05-10 2021-03-31 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 441,319 211,981 92.43 3,744 45.40 0.0264
2021-02-12 2020-12-31 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 229,338 125,600 121.07 2,575 248.92 0.0185
2020-11-09 2020-09-30 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 103,738 -118,936 -53.41 738 -59.91 0.0097
2020-08-05 2020-06-30 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 222,674 -1,942,190 -89.71 1,841 -84.54 0.0239
2020-05-11 2020-03-31 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 2,164,864 285,372 15.18 11,907 -60.26 0.1363
2020-02-07 2019-12-31 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 1,879,492 -201,336 -9.68 29,959 -0.50 0.2767
2019-11-06 2019-09-30 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 2,080,828 387,976 22.92 30,109 14.23 0.2928
2019-08-07 2019-06-30 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 1,692,852 -87,550 -4.92 26,358 -6.95 0.2674
2019-05-13 2019-03-31 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 1,780,402 -35,000 -1.93 28,326 19.93 0.3198
2019-02-12 2018-12-31 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 1,815,402 165,313 10.02 23,618 18.58 0.2985
2018-11-13 2018-09-30 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 1,650,089 -427,851 -20.59 19,917 -4.43 0.2273
2018-08-14 2018-06-30 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 2,077,940 -473,337 -18.55 20,841 -42.23 0.2428
2018-05-14 2018-03-31 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 2,551,277 2,330,463 1,055.40 36,075 1,488.51 0.4220
2018-02-14 2017-12-31 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 220,814 127,907 137.67 2,271 142.37 0.0325
2017-11-13 2017-09-30 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 92,907 77,278 494.45 937 827.72 0.0155
2017-08-11 2017-06-30 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 15,629 15,629 101 0.0020
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.