Who owns PBR
Which tracked institutional funds hold PBR, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See PBR company fundamentals →
Ownership as of the 2026-Q1 13F filings (latest filed 2026-05-18). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on PBR is one-sided between 2025-Q4 and 2026-Q1: 281 added or opened and 54 trimmed or exited — on balance accumulating.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
PBR’s largest tracked holder by dollar value, GQG Partners LLC, sizes it at 5.7% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 5.6pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in PBR divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 547 tracked filers holding PBR, 325 increased or opened the position and 205 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in PBR between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 62
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$592M
- Capital World Investors$293M
- OAKTREE CAPITAL MANAGEMENT LP$126M
- RWC ASSET ADVISORS (US) LLC$82M
- DJE Kapital AG$65M
- Holocene Advisors, LP$60M
Full exits 30
- VANGUARD GROUP INC$42M
- Optiver Holding B.V.$26M
- Fundamenta Capital S.A.$16M
- Beck Bode, LLC$15M
- Qube Research & Technologies Ltd$11M
- Parkwood LLC$9M
Largest adds
- GQG Partners LLC$2.0B
- BAILLIE GIFFORD & CO$642M
- Capital International Investors$555M
- BlackRock, Inc.$452M
- Invesco Ltd.$351M
- MORGAN STANLEY$283M
Largest trims
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/$50M
- SPX Gestao de Recursos Ltda$22M
- Y-Intercept (Hong Kong) Ltd$18M
- MARSHALL WACE, LLP$14M
- BARCLAYS PLC$13M
- WELLINGTON MANAGEMENT GROUP LLP$11M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| GQG Partners LLC added | 173,440,105 | $3.6B | 27.8% | 2026-Q1 |
| Capital International Investors added | 44,242,564 | $918M | 7.1% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 28,553,456 | $592M | 4.6% | 2026-Q1 |
| LAZARD ASSET MANAGEMENT LLC added | 25,251,430 | $524M | 4.0% | 2026-Q1 |
| MORGAN STANLEY added | 20,519,121 | $426M | 3.3% | 2026-Q1 |
| SCHRODER INVESTMENT MANAGEMENT GROUP trimmed | 18,314,316 | $380M | 2.9% | 2026-Q1 |
| ARGA Investment Management, LP trimmed | 17,680,229 | $367M | 2.8% | 2026-Q1 |
| Capital World Investors added | 14,102,155 | $293M | 2.3% | 2026-Q1 |
| BlackRock, Inc. added | 13,714,639 | $285M | 2.2% | 2026-Q1 |
| Fisher Asset Management, LLC trimmed | 11,830,951 | $245M | 1.9% | 2026-Q1 |
| Itau Unibanco Holding S.A. | 19,828,159 | $234M | 1.8% | 2026-Q1 |
| Mondrian Investment Partners LTD trimmed | 11,104,808 | $230M | 1.8% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 10,672,435 | $222M | 1.7% | 2026-Q1 |
| FMR LLC added | 10,338,675 | $215M | 1.7% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 9,206,700 | $191M | 1.5% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 8,972,499 | $186M | 1.4% | 2026-Q1 |
| UBS Group AG added | 8,831,887 | $183M | 1.4% | 2026-Q1 |
| Robeco Institutional Asset Management B.V. added | 7,831,368 | $163M | 1.3% | 2026-Q1 |
| ACADIAN ASSET MANAGEMENT LLC added | 7,470,000 | $155M | 1.2% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 7,221,753 | $150M | 1.2% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 6,841,522 | $142M | 1.1% | 2026-Q1 |
| OAKTREE CAPITAL MANAGEMENT LP added | 6,089,413 | $126M | 1.0% | 2026-Q1 |
| EARNEST PARTNERS LLC trimmed | 5,226,450 | $108M | 0.8% | 2026-Q1 |
| Artemis Investment Management LLP added | 4,619,431 | $96M | 0.7% | 2026-Q1 |
| STATE STREET CORP trimmed | 4,954,137 | $93M | 0.7% | 2026-Q1 |
| Invesco Ltd. trimmed | 4,644,558 | $87M | 0.7% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 4,179,518 | $87M | 0.7% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 4,607,700 | $86M | 0.7% | 2026-Q1 |
| RWC ASSET ADVISORS (US) LLC added | 3,975,482 | $82M | 0.6% | 2026-Q1 |
| Capital International, Inc./CA/ added | 3,947,252 | $82M | 0.6% | 2026-Q1 |
| SEI INVESTMENTS CO added | 3,752,372 | $78M | 0.6% | 2026-Q1 |
| DNB Asset Management AS added | 3,586,433 | $74M | 0.6% | 2026-Q1 |
| BAILLIE GIFFORD & CO trimmed | 3,746,579 | $70M | 0.5% | 2026-Q1 |
| Perpetual Ltd trimmed | 3,297,257 | $68M | 0.5% | 2026-Q1 |
| DJE Kapital AG new | 3,103,800 | $65M | 0.5% | 2026-Q1 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 3,077,153 | $64M | 0.5% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 3,039,002 | $63M | 0.5% | 2026-Q1 |
| Holocene Advisors, LP new | 2,914,163 | $60M | 0.5% | 2026-Q1 |
| Point72 Asset Management, L.P. trimmed | 2,813,200 | $58M | 0.5% | 2026-Q1 |
| Cullen Capital Management, LLC added | 2,810,725 | $58M | 0.4% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 2,767,463 | $57M | 0.4% | 2026-Q1 |
| RWC Asset Management LLP added | 2,627,538 | $55M | 0.4% | 2026-Q1 |
| NEW YORK STATE COMMON RETIREMENT FUND | 2,579,822 | $54M | 0.4% | 2026-Q1 |
| TODD ASSET MANAGEMENT LLC trimmed | 2,577,427 | $53M | 0.4% | 2026-Q1 |
| Annex Advisory Services, LLC added | 2,132,353 | $44M | 0.3% | 2026-Q1 |
| NORTHERN TRUST CORP added | 1,956,105 | $41M | 0.3% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ added | 1,835,572 | $38M | 0.3% | 2026-Q1 |
| MARSHALL WACE, LLP trimmed | 1,950,107 | $37M | 0.3% | 2026-Q1 |
| SPX Gestao de Recursos Ltda trimmed | 1,732,842 | $36M | 0.3% | 2026-Q1 |
| FEARNLEY ASSET MANAGEMENT AS added | 1,726,400 | $36M | 0.3% | 2026-Q1 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. trimmed | 1,677,355 | $35M | 0.3% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. added | 2,905,857 | $34M | 0.3% | 2026-Q1 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO added | 1,648,341 | $34M | 0.3% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 1,625,400 | $34M | 0.3% | 2026-Q1 |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY trimmed | 1,618,030 | $34M | 0.3% | 2026-Q1 |
| GROUP ONE TRADING LLC added | 1,581,009 | $33M | 0.3% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 1,551,803 | $32M | 0.2% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 1,526,220 | $32M | 0.2% | 2026-Q1 |
| NATIXIS ADVISORS, LLC added | 1,428,524 | $30M | 0.2% | 2026-Q1 |
| Allspring Global Investments Holdings, LLC added | 1,430,953 | $29M | 0.2% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 1,373,630 | $29M | 0.2% | 2026-Q1 |
| HSBC HOLDINGS PLC trimmed | 1,269,998 | $26M | 0.2% | 2026-Q1 |
| ASSETMARK, INC added | 1,263,721 | $26M | 0.2% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 1,255,078 | $26M | 0.2% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 1,224,970 | $25M | 0.2% | 2026-Q1 |
| Connor, Clark & Lunn Investment Management Ltd. added | 1,213,029 | $25M | 0.2% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 1,339,024 | $25M | 0.2% | 2026-Q1 |
| Breakout Capital Partners, LP | 1,182,589 | $25M | 0.2% | 2026-Q1 |
| Bridgewater Associates, LP added | 1,150,984 | $24M | 0.2% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 1,128,981 | $23M | 0.2% | 2026-Q1 |
| TT International Asset Management LTD trimmed | 1,070,534 | $22M | 0.2% | 2026-Q1 |
| Evergreen Quality Fund GP, Ltd. added | 988,700 | $21M | 0.2% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 977,616 | $20M | 0.2% | 2026-Q1 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC added | 976,341 | $20M | 0.2% | 2026-Q1 |
| HATCH COVE CAPITAL, LLC new | 974,600 | $20M | 0.2% | 2026-Q1 |
| Squarepoint Ops LLC added | 934,211 | $19M | 0.1% | 2026-Q1 |
| USS Investment Management Ltd | 894,094 | $19M | 0.1% | 2026-Q1 |
| HRT FINANCIAL LP added | 890,078 | $18M | 0.1% | 2026-Q1 |
| Franchise GP Ltd new | 852,338 | $18M | 0.1% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 833,453 | $17M | 0.1% | 2026-Q1 |
| NS Partners Ltd added | 784,813 | $16M | 0.1% | 2026-Q1 |
| SG Americas Securities, LLC added | 784,417 | $16M | 0.1% | 2026-Q1 |
| CITIGROUP INC trimmed | 774,839 | $16M | 0.1% | 2026-Q1 |
| Lloyd Harbor Capital Management, LLC new | 740,000 | $15M | 0.1% | 2026-Q1 |
| FORA Capital, LLC added | 713,836 | $15M | 0.1% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ added | 709,341 | $15M | 0.1% | 2026-Q1 |
| Lumbard & Kellner, LLC trimmed | 707,340 | $15M | 0.1% | 2026-Q1 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC trimmed | 705,351 | $15M | 0.1% | 2026-Q1 |
| Carrhae Capital LLP added | 4,516,382 | $65M | 0.5% | 2025-Q1 stale |
| MACQUARIE GROUP LTD trimmed | 4,679,931 | $59M | 0.5% | 2025-Q3 stale |
| Driehaus Capital Management LLC trimmed | 3,648,756 | $52M | 0.4% | 2025-Q1 stale |
| ICICI Prudential Asset Management Co Ltd new | 2,776,000 | $35M | 0.3% | 2025-Q3 stale |
| Clark Capital Management Group, Inc. added | 2,217,527 | $32M | 0.2% | 2025-Q1 stale |
| Credit Agricole S A added | 2,003,659 | $29M | 0.2% | 2025-Q1 stale |
| VANGUARD GROUP INC added | 2,473,285 | $28M | 0.2% | 2025-Q4 stale |
| Optiver Holding B.V. trimmed | 2,223,170 | $26M | 0.2% | 2025-Q4 stale |
| Cubist Systematic Strategies, LLC added | 1,932,399 | $24M | 0.2% | 2025-Q3 stale |
| CONTRARIAN CAPITAL MANAGEMENT, L.L.C. trimmed | 1,928,173 | $24M | 0.2% | 2025-Q2 stale |
| Fundamenta Capital S.A. new | 1,355,652 | $16M | 0.1% | 2025-Q4 stale |
| Beck Bode, LLC trimmed | 1,232,786 | $15M | 0.1% | 2025-Q4 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.