The largest holder of Petróleo Brasileiro S.a. - Petrobras stock is BNDES Participações SA, with 730.5 million shares (13.41% of the company) as of September 25, 2026. The 10 largest holders together own 24.7%.
In Q2 2026, 232 institutional holdings reports listed 264.0 million shares worth $3.88 billion, up 13.3% in shares from Q1 2026.
Major holders as of September 25, 2026; quarterly totals from institutional holdings reports (latest Q2 2026).

2026Q2
| Holder | Shares | % of company | Value |
|---|---|---|---|
| BNDES Participações SA | 730.5 million | 13.41% | – |
| GQG Partners LLC | 359.4 million | 6.60% | – |
| Government of Brazil | 135.2 million | 2.48% | – |
| BB Gestão de Recursos DTVM SA | 29.4 million | 0.54% | – |
| Plural Investimentos Gestão de Recursos Ltda. | 22.9 million | 0.42% | – |
| BRAM - Bradesco Asset Management SA DTVM | 20.1 million | 0.37% | – |
| Syzygy Asset Management LLC | 12.6 million | 0.23% | – |
| Banco JPMorgan SA | 11.6 million | 0.21% | – |
| LarrainVial Asset Management AGF SA | 11.1 million | 0.20% | – |
| Opportunity Gestão de Investimentos e Recursos Ltda. | 10.7 million | 0.20% | – |
As of September 25, 2026.
| Quarter | Reports | Shares | Value |
|---|---|---|---|
| Q2 2026 | 232 | 264.0 million | $3.9B |
| Q1 2026 | 228 | 233.0 million | $4.4B |
| Q4 2025 | 212 | 195.0 million | $2.2B |
| Q3 2025 | 190 | 192.0 million | $2.3B |
| Q2 2025 | 198 | 173.0 million | $2.0B |
| Q1 2025 | 202 | 188.0 million | $2.4B |
| Q4 2024 | 190 | 190.0 million | $2.3B |
| Q3 2024 | 200 | 234.0 million | $3.0B |
Shares and value held by institutions that file quarterly holdings reports (options not included).
BNDES Participações SA, with 13.41% of the company (as of September 25, 2026). Next: GQG Partners LLC (6.60%) and Government of Brazil (2.48%).
232 institutional holdings reports listed Petróleo Brasileiro S.a. - Petrobras shares in Q2 2026, 264.0 million shares in all worth $3.88 billion.