CEMIG Preferred Shares
134 hedge funds and large institutions have $385M invested in CEMIG Preferred Shares in 2019 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 48 increasing their positions, 43 reducing their positions, and 17 closing their positions.
477% more call options, than puts
Call options by funds: $248K | Put options by funds: $43K
18% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 17
17% more capital invested
Capital invested by funds: $328M → $385M (+$57.2M)
12% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 43
1.9% more ownership
Funds ownership: 18.21% → 20.11% (+1.9%)
1% more funds holding
Funds holding: 133 → 134 (+1)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$15M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$12.8M |
| 3 |
Morgan Stanley
New York
|
+$10.3M |
| 4 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$6.63M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$5.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T2I
Turim 21 Investimentos
Rio De Janeiro,
Brazil
|
-$13.3M |
| 2 |
HSBC Holdings
London,
United Kingdom
|
-$5.77M |
| 3 |
IUHSA
Itau Unibanco Holding S.A.
Sao Paulo,
Brazil
|
-$4.56M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$3.21M |
| 5 |
PI
PineBridge Investments
New York
|
-$3.13M |
CIG Hedge Fund Activity: Q2 2019 in Review
134 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in CEMIG Preferred Shares (CIG) for Q2 2019, worth a combined $385M — up 17% from $328M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new CIG positions and 17 closed out — a net gain of 3 holders — while 48 added to existing stakes and 43 trimmed.
The largest buyer was Millennium Management, adding an estimated $15M. The largest seller was Turim 21 Investimentos, cutting an estimated $13.3M.
- 134 institutional investors held CEMIG Preferred Shares (CIG) as of Q2 2019, up from 133 in Q1 2019.
- Funds reported $385M of CEMIG Preferred Shares stock for Q2 2019, up 17% quarter-over-quarter.
- 20 funds opened new CEMIG Preferred Shares positions in Q2 2019 and 17 closed out, a net change of +3 holders.
- The largest CEMIG Preferred Shares buyer in Q2 2019 was Millennium Management, an estimated $15M added.
- The largest CEMIG Preferred Shares seller in Q2 2019 was Turim 21 Investimentos, an estimated $13.3M sold.
Based on aggregated 13F filings for Q2 2019.