CEMIG Preferred Shares
182 hedge funds and large institutions have $349M invested in CEMIG Preferred Shares in 2023 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 48 increasing their positions, 69 reducing their positions, and 18 closing their positions.
33% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 18
2% more funds holding
Funds holding: 178 → 182 (+4)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.77% less ownership
Funds ownership: 14.2% → 13.42% (-0.77%)
6% less call options, than puts
Call options by funds: $67K | Put options by funds: $71K
9% less capital invested
Capital invested by funds: $383M → $349M (-$33.1M)
30% less repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 69
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$10M |
| 2 |
CGH
Crossmark Global Holdings
Houston,
Texas
|
+$7.68M |
| 3 |
Renaissance Technologies
New York
|
+$1.81M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
+$1.22M |
| 5 |
Two Sigma Advisers
New York
|
+$1.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$13.4M |
| 2 |
Barclays
London,
United Kingdom
|
-$10.4M |
| 3 |
SGDR
SPX Gestao de Recursos
Rio De Janeiro,
Brazil
|
-$4.17M |
| 4 |
Optiver Holding
Amsterdam,
Netherlands
|
-$3.6M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$3.06M |
CIG Hedge Fund Activity: Q4 2023 in Review
182 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in CEMIG Preferred Shares (CIG) for Q4 2023, worth a combined $349M — down 8.6% from $383M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new CIG positions and 18 closed out — a net gain of 6 holders — while 48 added to existing stakes and 69 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $10M. The largest seller was Bank of America, cutting an estimated $13.4M.
- 182 institutional investors held CEMIG Preferred Shares (CIG) as of Q4 2023, up from 178 in Q3 2023.
- Funds reported $349M of CEMIG Preferred Shares stock for Q4 2023, down 8.6% quarter-over-quarter.
- 24 funds opened new CEMIG Preferred Shares positions in Q4 2023 and 18 closed out, a net change of +6 holders.
- The largest CEMIG Preferred Shares buyer in Q4 2023 was Morgan Stanley, an estimated $10M added.
- The largest CEMIG Preferred Shares seller in Q4 2023 was Bank of America, an estimated $13.4M sold.
Based on aggregated 13F filings for Q4 2023.