Petroleo Brasileiro Sa Petrobras (PBR)

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Institutional Investors' Holdings

Filing Period: Filing is Ongoing

No.	Name	Shares	Value	% Port
1.	Thornburg Investment Management Inc	7,750,838	$1,111,470,169	1.55%
2.	Baillie Gifford & Co	51,748,747	$742,077,032	0.65%
3.	Robeco Institutional Asset Management B.v.	22,963,302	$299,441,460	0.58%
4.	Massachusetts Financial Services Co	15,281,415	$199,269,653	0.07%
5.	Arga Investment Management, Lp	11,036,110	$158,257,817	5.3%