Cliff Asness's PBR Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 132,396 shares of Petróleo Brasileiro S.A. - Petrobras (PBR) worth $1.57 M, representing 0.00% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 53 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in PBR, representing a significant commitment to this investment thesis. Largest addition occurred in Q1 2015, adding 77,100 shares. Largest reduction occurred in Q4 2014, reducing 136,300 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Petróleo Brasileiro SA - Petrobras (PBR) Holding Value Over Time
Track share changes against reported price movement
Quarterly Petróleo Brasileiro SA - Petrobras (PBR) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +28,532 | Add 27.47% | 132,396 | $11.85 |
| Q3 2025 | +2,811 | Add 2.78% | 103,864 | $12.66 |
| Q2 2025 | -16,888 | Reduce 14.32% | 101,053 | $12.51 |
| Q1 2025 | -1,552 | Reduce 1.30% | 117,941 | $14.34 |
| Q4 2024 | -14,530 | Reduce 10.84% | 119,493 | $12.86 |
| Q3 2024 | +8,023 | Add 6.37% | 134,023 | $14.41 |
| Q2 2024 | -766 | Reduce 0.60% | 126,000 | $14.49 |
| Q1 2024 | +1,187 | Add 0.95% | 126,766 | $15.21 |
| Q4 2023 | -12,862 | Reduce 9.29% | 125,579 | $15.97 |
| Q3 2023 | +22,801 | Add 19.72% | 138,441 | $14.99 |
| Q2 2023 | +28,984 | Add 33.45% | 115,640 | $13.83 |
| Q1 2023 | -43,456 | Reduce 33.40% | 86,656 | $10.43 |
| Q4 2022 | +1,736 | Add 1.35% | 130,112 | $10.65 |
| Q3 2022 | +811 | Add 0.64% | 128,376 | $12.34 |
| Q2 2022 | -12,962 | Reduce 9.22% | 127,565 | $11.68 |
| Q1 2022 | +24,854 | Add 21.49% | 140,527 | $14.80 |
| Q4 2021 | -5,370 | Reduce 4.44% | 115,673 | $10.98 |
| Q3 2021 | +10,067 | Add 9.07% | 121,043 | $10.34 |
| Q2 2021 | +33,673 | Add 43.56% | 110,976 | $12.23 |
| Q1 2021 | -7,045 | Reduce 8.35% | 77,303 | $8.49 |
| Q4 2020 | -10,697 | Reduce 11.25% | 84,348 | $11.23 |
| Q3 2020 | +14,532 | Add 18.05% | 95,045 | $7.12 |
| Q2 2020 | -32,549 | Reduce 28.79% | 80,513 | $8.27 |
| Q1 2020 | -102,492 | Reduce 47.55% | 113,062 | $5.50 |
| Q4 2019 | +247 | Add 0.11% | 215,554 | $15.94 |
| Q3 2019 | -8,093 | Reduce 3.62% | 215,307 | $14.47 |
| Q2 2019 | -33,204 | Reduce 12.94% | 223,400 | $15.57 |
| Q1 2019 | +9,174 | Add 3.71% | 256,604 | $15.92 |
| Q4 2018 | -35,358 | Reduce 12.50% | 247,430 | $13.01 |
| Q3 2018 | +24,390 | Add 9.44% | 282,788 | $12.07 |
| Q2 2018 | +8,901 | Add 3.57% | 258,398 | $10.03 |
| Q1 2018 | +7,152 | Add 2.95% | 249,497 | $14.14 |
| Q4 2017 | +46,537 | Add 23.77% | 242,345 | $10.29 |
| Q3 2017 | +37,293 | Add 23.53% | 195,808 | $10.04 |
| Q2 2017 | -43,840 | Reduce 21.66% | 158,515 | $7.99 |
| Q1 2017 | +32,544 | Add 19.16% | 202,355 | $9.69 |
| Q4 2016 | -31,112 | Reduce 15.48% | 169,811 | $10.11 |
| Q3 2016 | +10,514 | Add 5.52% | 200,923 | $9.33 |
| Q2 2016 | -8,252 | Reduce 4.15% | 190,409 | $7.16 |
| Q1 2016 | -955 | Reduce 0.48% | 198,661 | $5.84 |
| Q4 2015 | -1,824 | Reduce 0.91% | 199,616 | $4.30 |
| Q3 2015 | -31,968 | Reduce 13.70% | 201,440 | $4.35 |
| Q2 2015 | +13,208 | Add 6.00% | 233,408 | $9.05 |
| Q1 2015 | +77,100 | Add 53.88% | 220,200 | $6.01 |
| Q4 2014 | -136,300 | Reduce 48.78% | 143,100 | $7.30 |
| Q3 2014 | +19,100 | Add 7.34% | 279,400 | $14.19 |
| Q2 2014 | +1,700 | Add 0.66% | 260,300 | $14.63 |
| Q1 2014 | +45,600 | Add 21.41% | 258,600 | $13.15 |
| Q4 2013 | -20,900 | Reduce 8.94% | 213,000 | $13.78 |
| Q3 2013 | +6,900 | Add 3.04% | 233,900 | $15.49 |
| Q2 2013 | +227,000 | Add 0.00% | 227,000 | $13.41 |
| Q4 2012 | +197,500 | Add 0.00% | 197,500 | $19.47 |
Cliff Asness's Petróleo Brasileiro SA - Petrobras Investment FAQs
Cliff Asness first purchased Petróleo Brasileiro S.A. - Petrobras (PBR) in Q4 2012, acquiring 197,500 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Petróleo Brasileiro S.A. - Petrobras (PBR) for 53 quarters since Q4 2012.
Cliff Asness's largest addition to Petróleo Brasileiro S.A. - Petrobras (PBR) was in Q2 2013, adding 227,000 shares worth $3.04 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 132,396 shares of Petróleo Brasileiro S.A. - Petrobras (PBR), valued at approximately $1.57 M.
As of the Q4 2025 filing, Petróleo Brasileiro S.A. - Petrobras (PBR) represents approximately 0.00% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Petróleo Brasileiro S.A. - Petrobras (PBR) was 282,788 shares, as reported at the end of Q3 2018.