GQG Partners discloses 187.2M ADS stake in Petrobras (NYSE: PBR)

Rhea-AI Filing Summary

PETROLEO BRASILEIRO S.A. PETROBRAS ownership filing shows GQG Partners LLC reports beneficial ownership of 187,199,112 American Depositary Shares, representing 5.03% of the class as disclosed in the Schedule 13G dated 05/19/2026. The filer reports sole voting power for 170,206,561 ADS and sole dispositive power for 187,199,112 ADS. The filing is signed by Salvatore DiGangi, Chief Compliance Officer on 05/20/2026.

Key Figures

Beneficial ownership: 187,199,112 ADS Percent of class: 5.03% Sole voting power: 170,206,561 ADS +3 more

6 metrics

Beneficial ownership 187,199,112 ADS Schedule 13G, Item 4

Percent of class 5.03% Schedule 13G, Item 4

Sole voting power 170,206,561 ADS Schedule 13G, Item 4(i)

Sole dispositive power 187,199,112 ADS Schedule 13G, Item 4(iii)

Filing date 05/19/2026 Cover/header date

Signature date 05/20/2026 Signed by Chief Compliance Officer

Key Terms

Schedule 13G, Beneficially owned, Sole dispositive power

3 terms

Schedule 13G regulatory

"Item 1 and header identify this filing as a Schedule 13G ownership report"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Beneficially owned regulatory

"Item 4(a) states "Amount beneficially owned: 187199112""

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole dispositive power regulatory

"Item 4(iii) lists "Sole power to dispose ... 187199112""

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/22/2026 - 04:08 PM Learn about SEC filing dates

FAQ

What stake does GQG Partners report in Petrobras (PBR)?

GQG Partners reports beneficial ownership of 187,199,112 ADS, equal to 5.03% of the class. The Schedule 13G discloses both voting and dispositive power figures and is signed by the filer’s CCO with filing activity dated 05/19/2026 and signature dated 05/20/2026.

How much voting control does GQG Partners claim over PBR ADS?

The filing states sole voting power for 170,206,561 ADS. That figure is reported separately from dispositive power and appears in Item 4 of the Schedule 13G as the filer’s voting authority over the class.

Does GQG Partners hold dispositive power over the shares of PBR?

Yes; the Schedule 13G shows sole dispositive power187,199,112 ADS. The filing lists dispositive and voting powers in Item 4 and indicates no shared voting or dispositive power for these ADS.

Who signed the Schedule 13G filing for GQG Partners and when?

The filing is signed by Salvatore DiGangi, Chief Compliance Officer. The Schedule 13G is dated 05/19/2026 and the signature on the filing bears the date 05/20/2026, as shown in the submission.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

PETROLEO BRASILEIRO S.A. PETROBRAS

(Name of Issuer)

American Depositary Shares representing Common Stock

(Title of Class of Securities)

71654V408

(CUSIP Number)

05/19/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 71654V408

1

Names of Reporting Persons

GQG Partners LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 170,206,561.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 187,199,112.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.03 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: PETROLEO BRASILEIRO S.A. PETROBRAS
(b)	Address of issuer's principal executive offices: Avenida Republica do Chile 65, centro, Rio de Janeiro RJ, BRAZIL 20035 900
Item 2.
(a)	Name of person filing: GQG Partners LLC
(b)	Address or principal business office or, if none, residence: 350 E. Las Olas Blvd., 18th floor, Fort Lauderdale, FL 33301
(c)	Citizenship: Delaware
(d)	Title of class of securities: American Depositary Shares representing Common Stock
(e)	CUSIP Number(s): 71654V408
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 187199112
(b)	Percent of class: 5.03 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 170206561
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 187199112
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

GQG Partners LLC

Signature:	/s/ Salvatore DiGangi
Name/Title:	Chief Compliance Officer
Date:	05/20/2026