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CEMIG Preferred Shares

126 hedge funds and large institutions have $350M invested in CEMIG Preferred Shares in 2016 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 34 increasing their positions, 43 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

225% more call options, than puts

Call options by funds: $231K | Put options by funds: $71K

9% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 23

2.24% less ownership

Funds ownership: 39.3%37.05% (-2.2%)

2% less funds holding

Funds holding: 129126 (-3)

8% less capital invested

Capital invested by funds: $380M → $350M (-$30.2M)

21% less repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 43

Holders
126
Holders Change
-3
Holders Change %
-2.33%
% of All Funds
3.36%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
21
Increased
34
Reduced
43
Closed
23
Calls
$231K
Puts
$71K
Net Calls
+$160K
Net Calls Change
+$207K
Name Holding Trade Value Shares
Change
Change in
Stake
New York State Common Retirement Fund
26
New York State Common Retirement Fund
New York
$1.95M
Northern Trust
27
Northern Trust
Illinois
$1.83M -$44.9K -49,049 -3%
GC
28
Guggenheim Capital
Illinois
$1.81M -$88K -96,160 -6%
CS
29
Credit Suisse
Switzerland
$1.75M +$94.4K +103,226 +7%
Susquehanna International Group
30
Susquehanna International Group
Pennsylvania
$1.65M -$203K -221,709 -13%
Invesco
31
Invesco
Georgia
$1.61M -$1.7M -1,854,511 -57%
Asset Management One
32
Asset Management One
Japan
$1.57M -$8.97K -9,809 -0.7%
Canada Pension Plan Investment Board
33
Canada Pension Plan Investment Board
Ontario, Canada
$1.53M
PAM
34
Panagora Asset Management
Massachusetts
$1.19M -$69.2K -75,619 -7%
HCM
35
Highbridge Capital Management
New York
$1.16M +$946K +1,033,649 New
State of Wisconsin Investment Board
36
State of Wisconsin Investment Board
Wisconsin
$1.16M
Jane Street
37
Jane Street
New York
$1.16M +$459K +501,558 +95%
GH
38
GAM Holding
Switzerland
$1.08M +$482K +526,842 +122%
Barclays
39
Barclays
United Kingdom
$948K +$142K +155,071 +23%
Royal Bank of Canada
40
Royal Bank of Canada
Ontario, Canada
$937K +$155K +169,603 +26%
SEI Investments
41
SEI Investments
Pennsylvania
$905K
Daiwa Securities Group
42
Daiwa Securities Group
Japan
$905K +$20.6K +22,560 +3%
SG Americas Securities
43
SG Americas Securities
New York
$866K +$147K +160,671 +26%
SG
44
Societe Generale
$866K +$703K +768,688 New
UBS AM
45
UBS AM
Illinois
$819K -$45.9K -50,222 -6%
LG
46
Leuthold Group
Minnesota
$654K -$8.29K -9,060 -2%
BNP Paribas Financial Markets
47
BNP Paribas Financial Markets
France
$634K +$71K +77,621 +16%
AG
48
Aperio Group
California
$611K -$17.9K -19,569 -3%
IR
49
Invictus RG
Bermuda
$608K +$310K +339,260 +169%
Commonwealth Equity Services
50
Commonwealth Equity Services
Massachusetts
$588K +$477K +521,721 New

CIG Hedge Fund Activity: Q2 2016 in Review

126 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in CEMIG Preferred Shares (CIG) for Q2 2016, worth a combined $350M — down 7.9% from $380M a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of CIG and 21 opened new positions — a net loss of 2 holders — while 43 trimmed existing stakes and 34 added.

The largest buyer was Credit Agricole, opening a new position worth an estimated $12.7M. The largest seller was Lazard Asset Management, exiting entirely with an estimated $38.3M sold.

  • 126 institutional investors held CEMIG Preferred Shares (CIG) as of Q2 2016, down from 129 in Q1 2016.
  • Funds reported $350M of CEMIG Preferred Shares stock for Q2 2016, down 7.9% quarter-over-quarter.
  • 21 funds opened new CEMIG Preferred Shares positions in Q2 2016 and 23 closed out, a net change of -2 holders.
  • The largest CEMIG Preferred Shares buyer in Q2 2016 was Credit Agricole, an estimated $12.7M added.
  • The largest CEMIG Preferred Shares seller in Q2 2016 was Lazard Asset Management, an estimated $38.3M sold.

Based on aggregated 13F filings for Q2 2016.