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CEMIG Preferred Shares

145 hedge funds and large institutions have $347M invested in CEMIG Preferred Shares in 2015 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 42 increasing their positions, 49 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more call options, than puts

Call options by funds: $134K | Put options by funds: $115K

4.98% less ownership

Funds ownership: 50.7%45.71% (-5%)

6% less funds holding

Funds holding: 154145 (-9)

14% less repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 49

30% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 27

58% less capital invested

Capital invested by funds: $822M → $347M (-$475M)

Holders
145
Holders Change
-9
Holders Change %
-5.84%
% of All Funds
4.05%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
19
Increased
42
Reduced
49
Closed
27
Calls
$134K
Puts
$115K
Net Calls
+$19K
Net Calls Change
-$92K
Name Holding Trade Value Shares
Change
Change in
Stake
Allianz Asset Management
26
Allianz Asset Management
Germany
$2.09M -$109K -83,712 -4%
Northern Trust
27
Northern Trust
Illinois
$1.97M +$242K +186,109 +9%
New York State Common Retirement Fund
28
New York State Common Retirement Fund
New York
$1.57M
BlackRock
29
BlackRock
New York
$1.3M +$870K +669,635 +88%
Asset Management One
30
Asset Management One
Japan
$1.27M +$168K +129,312 +10%
Geode Capital Management
31
Geode Capital Management
Massachusetts
$1.2M +$1.06M +814,756 +159%
OAM
32
Oxford Asset Management
United Kingdom
$1.2M +$1.72M +1,323,054 New
CS
33
Credit Suisse
Switzerland
$1.17M -$15.5M -11,919,509 -90%
UBS AM
34
UBS AM
Illinois
$1.17M -$5.57M -4,287,457 -77%
BNP Paribas Financial Markets
35
BNP Paribas Financial Markets
France
$1.08M -$559K -429,791 -27%
PAM
36
Panagora Asset Management
Massachusetts
$1.03M -$336K -258,576 -19%
Wells Fargo
37
Wells Fargo
California
$988K -$54.3K -41,761 -4%
State of Wisconsin Investment Board
38
State of Wisconsin Investment Board
Wisconsin
$934K
IG
39
ING Group
Netherlands
$928K +$358K +275,142 +37%
UBS Group
40
UBS Group
Switzerland
$887K -$587K -451,343 -32%
AAM
41
Advisors Asset Management
Colorado
$869K -$486K -373,648 -28%
Morgan Stanley
42
Morgan Stanley
New York
$839K +$842K +648,167 +235%
Bank of Montreal
43
Bank of Montreal
Ontario, Canada
$798K -$103K -79,184 -8%
ICP
44
Indus Capital Partners
New York
$769K +$811K +623,852 +278%
QIM
45
Quantitative Investment Management
Virginia
$733K +$864K +664,658 +462%
NCM
46
Newgate Capital Management
Connecticut
$708K +$532K +409,226 +110%
Royal Bank of Canada
47
Royal Bank of Canada
Ontario, Canada
$674K -$882K -678,882 -48%
GH
48
GAM Holding
Switzerland
$667K
HCM
49
Highbridge Capital Management
New York
$644K +$33K +25,407 +4%
AG
50
Aperio Group
California
$549K +$250K +192,078 +46%

CIG Hedge Fund Activity: Q3 2015 in Review

145 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in CEMIG Preferred Shares (CIG) for Q3 2015, worth a combined $347M — down 58% from $822M a quarter earlier.

Sellers outnumbered buyers: 27 funds closed out of CIG and 19 opened new positions — a net loss of 8 holders — while 49 trimmed existing stakes and 42 added.

The largest buyer was AJO LP, adding an estimated $12.5M. The largest seller was Oaktree Capital Management, exiting entirely with an estimated $26.4M sold.

  • 145 institutional investors held CEMIG Preferred Shares (CIG) as of Q3 2015, down from 154 in Q2 2015.
  • Funds reported $347M of CEMIG Preferred Shares stock for Q3 2015, down 58% quarter-over-quarter.
  • 19 funds opened new CEMIG Preferred Shares positions in Q3 2015 and 27 closed out, a net change of -8 holders.
  • The largest CEMIG Preferred Shares buyer in Q3 2015 was AJO LP, an estimated $12.5M added.
  • The largest CEMIG Preferred Shares seller in Q3 2015 was Oaktree Capital Management, an estimated $26.4M sold.

Based on aggregated 13F filings for Q3 2015.