Carrhae Capital LLP: PETROBRAS SA-ADR (PBR): Quarterly 13F Position History
As of Q2 2026, Carrhae Capital LLP reported 5,411,909 shares of PETROBRAS SA-ADR (PBR), worth $87.5M and representing 5.8% of its 13F equity book. Quarter-over-quarter share count change: + 5,411,909 (re-initiated) . The position first appeared in Q4 2018 and has been disclosed across 27 13F-HR filings in Pactolio's tracked window.
- 5,411,909Shares Held (Latest Filing)
- $87.5MReported Market Value (Latest Filing)
- 5.8%Portfolio Weight (% of 13F Equity Book)
- +5,411,909Quarter-over-Quarter Share Change
- +$87.5MQuarter-over-Quarter Value Change
- 5,411,909Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 27 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q2 2026 | 5,411,909 | +5,411,909 | — | $87.5M | 5.8% | $16.2 |
| Q1 2026 | 0 | 0 | — | $0 | 0.0% | — |
| Q4 2025 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2025 | 0 | 0 | — | $0 | 0.0% | — |
| Q2 2025 | 0 | 4,516,382 | -100.0% | $0 | 0.0% | — |
| Q1 2025 | 4,516,382 | +4,516,382 | — | $64.8M | 7.5% | $14.3 |
| Q4 2024 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2023 | 0 | 0 | — | $0 | 0.0% | — |
| Q2 2023 | 0 | 0 | — | $0 | 0.0% | — |
| Q1 2023 | 0 | 0 | — | $0 | 0.0% | — |
| Q4 2022 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2022 | 0 | 0 | — | $0 | 0.0% | — |
| Q2 2022 | 0 | 0 | — | $0 | 0.0% | — |
| Q1 2022 | 0 | 1,428,953 | -100.0% | $0 | 0.0% | — |
| Q4 2021 | 1,428,953 | +1,428,953 | — | $15.7M | 10.8% | $11.0 |
| Q3 2021 | 0 | 0 | — | $0 | 0.0% | — |
| Q2 2021 | 0 | 0 | — | $0 | 0.0% | — |
| Q1 2021 | 0 | 0 | — | $0 | 0.0% | — |
| Q4 2020 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2020 | 0 | 0 | — | $0 | 0.0% | — |
| Q2 2020 | 0 | 698,935 | -100.0% | $0 | 0.0% | — |
| Q1 2020 | 698,935 | +698,935 | — | $3.8M | 3.1% | $5.5 |
| Q4 2019 | 0 | 895,892 | -100.0% | $0 | 0.0% | — |
| Q3 2019 | 895,892 | 365,655 | -29.0% | $13.0M | 8.5% | $14.5 |
| Q2 2019 | 1,261,547 | +366,412 | +40.9% | $19.6M | 8.9% | $15.6 |
| Q1 2019 | 895,135 | 205,759 | -18.7% | $14.3M | 9.2% | $15.9 |
| Q4 2018 | 1,100,894 | — | — | $14.3M | 7.6% | $13.0 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Carrhae Capital LLP first disclose a PBR position in 13F-HR filings?
Carrhae Capital LLP first reported PETROBRAS SA-ADR (PBR) on its 13F-HR filing for the period ending 2018-12-31 (Q4 2018). The position has appeared on 27 reported quarters within Pactolio's tracked window.
What was Carrhae Capital LLP's most recent quarter-over-quarter share-count change in PBR?
Between Q1 2026 and Q2 2026, Carrhae Capital LLP added 5,411,909 shares of PBR (re-initiated), bringing the total reported position to 5,411,909 shares at a market value of $87.5M.
Does the implied price-per-share represent Carrhae Capital LLP's cost basis in PBR?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.