Petroleo Brasileiro Sa Petrobras (PBR)

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Institutional Investors' Holdings

Filing Period: Filing is Ongoing

No.	Name	Shares	Value	% Port
1.	Baillie Gifford & Co	29,523,522	$349,853,735	0.29%
2.	Robeco Institutional Asset Management B.v.	27,254,874	$307,162,430	0.44%
3.	Arga Investment Management, Lp	18,975,177	$224,855,847	6.13%
4.	Massachusetts Financial Services Co	14,467,014	$163,043,248	0.05%
5.	Ubs Group AgCALL	10,211,190	$121,002,602	0.02%