Petróleo Brasileiro S.A. - Petrobras - Depositary Receipt (Common Stock)
BG ˙ BUL ˙ US71654V4086
SecurityBG:PJXA / Petróleo Brasileiro S.A. - Petrobras - Depositary Receipt (Common Stock)
InstitutionDaiwa Securities Group Inc.
Latest Disclosed Ownership184,899 shares
Latest Disclosed Value $ 3,836,654
Daiwa Securities Group Inc. reports 17.68% increase in ownership of PJXA / Petróleo Brasileiro S.A. - Petrobras - Depositary Receipt (Common Stock)

On May 13, 2026 - Daiwa Securities Group Inc. filed a 13F-HR form disclosing ownership of 184,899 shares of Petróleo Brasileiro S.A. - Petrobras - Depositary Receipt (Common Stock) (BG:PJXA) valued at $3,836,654 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 10, 2026 disclosing 157,123 shares of Petróleo Brasileiro S.A. - Petrobras - Depositary Receipt (Common Stock). This represents a change in shares of 17.68% 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)
2026-05-13 2026-03-31 13F PETROLEO BRASILEIRO S A SPONSORED ADR 71654V408 184,899 27,776 17.68 3,837 383,500.00 0.0065
2026-02-10 2025-12-31 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 157,123 101,426 182.10 2 -66.67 0.0059
2025-11-14 2025-09-30 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 55,697 -103,416 -65.00 3 200.00 0.0108
2025-08-14 2025-06-30 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 159,113 -107,227 -40.26 2 -66.67 0.0073
2025-05-13 2025-03-31 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 266,340 72,825 37.63 4 50.00 0.0161
2025-02-07 2024-12-31 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 193,515 -56,585 -22.62 2 -33.33 0.0111
2024-11-12 2024-09-30 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 250,100 -16,051 -6.03 4 0.00 0.0166
2024-08-07 2024-06-30 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 266,151 7,131 2.75 4 0.00 0.0205
2024-05-02 2024-03-31 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 259,020 -29,831 -10.33 4 -25.00 0.0222
2024-01-31 2023-12-31 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 288,851 -21,000 -6.78 5 0.00 0.0287
2023-11-01 2023-09-30 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 309,851 -65,472 -17.44 5 -20.00 0.0331
2023-07-31 2023-06-30 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 375,323 -19,888 -5.03 5 25.00 0.0343
2023-05-02 2023-03-31 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 395,211 6,843 1.76 4 0.00 0.0287
2023-02-06 2022-12-31 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 388,368 -19,156 -4.70 4 -99.92 0.0318
2022-11-02 2022-09-30 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 407,524 33,095 8.84 5,028 14.95 0.0418
2022-08-09 2022-06-30 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 374,429 -262,371 -41.20 4,374 -53.59 0.0334
2022-04-29 2022-03-31 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 636,800 13,802 2.22 9,424 37.78 0.0436
2022-04-29 2022-03-31 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 413,383 6,118
2022-02-03 2021-12-31 13F PETROLEO BRASILEIRO SA PETRO SPONSORED ADR 71654V408 622,998 104,862 20.24 6,840 27.68 0.0402
2021-11-05 2021-09-30 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 518,136 60,019 13.10 5,357 -4.39 0.0352
2021-08-06 2021-06-30 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 458,117 166,617 57.16 5,603 126.66 0.0377
2021-05-03 2021-03-31 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 291,500 -22,000 -7.02 2,472 -29.79 0.0184
2021-02-04 2020-12-31 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 313,500 -11,900 -3.66 3,521 51.96 0.0272
2020-11-02 2020-09-30 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 325,400 44,900 16.01 2,317 50.16 0.0210
2020-08-11 2020-06-30 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 280,500 0 0.00 1,543 0.00 0.0325
2020-05-14 2020-03-31 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 280,500 80,600 40.32 1,543 -51.57 0.0160
2020-01-31 2019-12-31 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 199,900 -85,400 -29.93 3,186 -22.82 0.0263
2019-11-04 2019-09-30 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 285,300 24,700 9.48 4,128 1.72 0.0350
2019-07-24 2019-06-30 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 260,600 -70,000 -21.17 4,058 -22.90 0.0359
2019-04-26 2019-03-31 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 330,600 -27,100 -7.58 5,263 13.09 0.0460
2019-02-05 2018-12-31 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 357,700 -13,800 -3.71 4,654 3.79 0.0446
2018-11-01 2018-09-30 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 371,500 -300 -0.08 4,484 20.25 0.0376
2018-07-30 2018-06-30 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 371,800 -319,123 -46.19 3,729 -61.83 0.0294
2018-05-02 2018-03-31 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 690,923 182,923 36.01 9,770 86.91 0.0783
2018-02-06 2017-12-31 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 508,000 -22,300 -4.21 5,227 -1.82 0.0370
2017-11-02 2017-09-30 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 530,300 -6,900 -1.28 5,324 24.04 0.0365
2017-07-28 2017-06-30 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 537,200 -147,000 -21.48 4,292 -35.26 0.0277
2017-05-02 2017-03-31 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 684,200 -51,989 -7.06 6,630 -10.92 0.0417
2017-02-01 2016-12-31 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 736,189 -82,772 -10.11 7,443 -2.59 0.0478
2017-01-10 2016-09-30 13F/A-1 PETROLEO BRASILEIRO SA PETRO ADR 71654V408 818,961 -209,337 -20.36 7,641 3.78 0.0456
2016-11-04 2016-09-30 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 818,961 7,641
2016-07-25 2016-06-30 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 1,028,298 195,298 23.45 7,363 51.35 0.0440
2016-05-12 2016-03-31 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 833,000 551,600 196.02 4,865 302.07 0.0307
2016-02-04 2015-12-31 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 281,400 135,000 92.21 1,210 89.95 0.0080
2015-11-10 2015-09-30 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 146,400 -110,350 -42.98 637 -72.59 0.0045
2015-08-05 2015-06-30 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 256,750 96,650 60.37 2,324 141.58 0.0165
2015-05-12 2015-03-31 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 160,100 -84,320 -34.50 962 -46.08 0.0064
2015-02-13 2014-12-31 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 244,420 -606,330 -71.27 1,784 -85.22 0.0126
2014-11-12 2014-09-30 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 850,750 39,850 4.91 12,072 1.75 0.0915
2014-08-13 2014-06-30 13F/A-1 PETROLEO BRASILEIRO SA PETRO ADR 71654V408 810,900 694,500 596.65 11,864 675.42 0.0884
2014-08-13 2014-06-30 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 810,900 11,864
2014-05-14 2014-03-31 13F/A-1 PETROLEO BRASILEIRO SA PETRO ADR 71654V408 116,400 6,500 1,530 0.0120
2014-05-15 2014-03-31 13F/A-2 PETROLEO BRASILEIRO SA PETRO ADR 71654V408 116,400 6,500 5.91 1,530 0.99 0.0120
2014-05-13 2014-03-31 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 116,400 1,530
2014-02-13 2013-12-31 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 109,900 -469,800 -81.04 1,515 -83.13 0.0129
2013-11-14 2013-09-30 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 579,700 -43,600 -7.00 8,979 7.42 0.0715
2013-08-16 2013-06-30 13F/A-1 PETROLEO BRASILEIRO SA PETRO ADR 71654V408 623,300 623,300 8,359 0.0634
2013-08-13 2013-06-30 13F PETROLEO BRASILEIRO SA PETRO ADR 71654V408 623,300 8,359
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.