GQG Partners LLC Acquires 5.03% Passive Stake in Petrobras (PBR)
On May 22, 2026, GQG Partners LLC filed a Schedule 13G with the SEC, reporting a significant new ownership position in PetrΓ³leo Brasileiro S.A. (Petrobras). As of the event date on May 19, 2026, the investment firm disclosed beneficial ownership of 187,199,112 American Depositary Shares (ADS) representing Common Stock, which constitutes 5.03% of the class. The filing indicates that GQG Partners LLC holds sole dispositive power over all 187,199,112 shares and sole voting power over 170,206,561 shares. This acquisition represents a crossing of the 5% threshold, requiring public disclosure. GQG Partners LLC, a Delaware-based investment adviser, certified that these securities were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. This passive stake highlights increased institutional interest in the Brazilian state-owned energy giant by the Fort Lauderdale-based asset manager.