Bridgewater Associates, led by investor Ray Dalio, significantly increased its position in Brazilian oil and gas giant Petróleo Brasileiro S.A. (Petrobras). According to a recent SEC disclosure, the firm boosted its holdings by over 466%, from 1.15 million to 6.52 million shares. This disclosure reflects trades made by the end of the second quarter of 2026 and was filed on August 14, 2026, so it may not represent the firm's current holdings due to the delayed nature of 13F filings.
The increased investment comes at a time of positive operational updates from Petrobras. The state-controlled company recently announced a new gas discovery in Colombia and is in negotiations for four offshore exploration blocks in Ghana, signaling its intent to expand its international presence. This move by a prominent macro investor like Dalio indicates a notable increase in bullish sentiment towards the Brazilian energy company.