LRT Capital Management, an investment management company, released its “LRT Global Opportunities Strategy” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. The strategy leverages a systematic long/short approach to generate positive returns while effectively controlling downside risks and maintaining low net exposure to the equity markets. In September, the strategy returned -8.00% (net), and the YTD return was -0.17%. It was a challenging month for the strategy, as the market indexes surged, with a select few highly overvalued mega-cap stocks, while the rest of the market declined. In addition, please check the fund’s top five holdings to know its best picks in 2025.
In its third-quarter 2025 investor letter, LRT Global Opportunities Strategy highlighted stocks such as Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR-A). Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR-A) engages in the oil and natural gas exploration, production and distribution activities. The one-month return of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR-A) was -1.62%, and its shares lost 13.58% of their value over the last 52 weeks. On October 07, 2025, Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR-A) stock closed at $11.52 per share, with a market capitalization of $77.191 billion.
LRT Global Opportunities Strategy stated the following regarding Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR-A) in its third quarter 2025 investor letter:
“Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR-A), stands as one of the largest integrated energy producers in the world, anchored by a world-class portfolio of oil and gas assets. The company’s unique position is defined by its control over the vast and highly productive pre-salt reserves located deep offshore Brazil. This geological endowment, combined with decades of accumulated technological expertise, establishes Petrobras as a critical player in the global energy market with a formidable and durable production base.
The core of Petrobras’s competitive advantage lies in the sheer scale and low lifting cost of its pre-salt fields. These massive reservoirs contain high-quality light crude oil and are among the most significant petroleum discoveries of the 21st century. The company has developed unparalleled technological capabilities in deepwater exploration and production, allowing it to efficiently extract resources from these challenging environments. This operational expertise, honed over years of pioneering efforts, creates a significant barrier to entry and solidifies its position as the natural operator of these unique assets. The integrated nature of its operations, which includes a substantial refining and logistics network within Brazil, further supports its production activities and provides a degree of stability…” (Click here to read the full text)
Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR-A) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 39 hedge fund portfolios held Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR-A) at the end of the second quarter, up from 33 in the previous quarter. While we acknowledge the risk and potential of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR-A) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR-A) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR-A) and shared the list of best very cheap stocks to buy according to hedge funds. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
