CEMIG Preferred Shares
115 hedge funds and large institutions have $198M invested in CEMIG Preferred Shares in 2020 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 41 increasing their positions, 36 reducing their positions, and 17 closing their positions.
202% more call options, than puts
Call options by funds: $487K | Put options by funds: $161K
24% more capital invested
Capital invested by funds: $159M → $198M (+$38.6M)
18% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 17
14% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 36
3% more funds holding
Funds holding: 112 → 115 (+3)
0.41% more ownership
Funds ownership: 18.26% → 18.67% (+0.41%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$26.4M |
| 2 |
Millennium Management
New York
|
+$4.32M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$2.57M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
+$1.26M |
| 5 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$1.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$13.2M |
| 2 |
PG
Pendal Group
Sydney,
Australia
|
-$3.48M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$3.45M |
| 4 |
CC
Covalis Capital
London,
United Kingdom
|
-$3.42M |
| 5 |
Morgan Stanley
New York
|
-$2.36M |
CIG Hedge Fund Activity: Q2 2020 in Review
115 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in CEMIG Preferred Shares (CIG) for Q2 2020, worth a combined $198M — up 24% from $159M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new CIG positions and 17 closed out — a net gain of 3 holders — while 41 added to existing stakes and 36 trimmed.
The largest buyer was BlackRock, adding an estimated $26.4M. The largest seller was JP Morgan Chase, cutting an estimated $13.2M.
- 115 institutional investors held CEMIG Preferred Shares (CIG) as of Q2 2020, up from 112 in Q1 2020.
- Funds reported $198M of CEMIG Preferred Shares stock for Q2 2020, up 24% quarter-over-quarter.
- 20 funds opened new CEMIG Preferred Shares positions in Q2 2020 and 17 closed out, a net change of +3 holders.
- The largest CEMIG Preferred Shares buyer in Q2 2020 was BlackRock, an estimated $26.4M added.
- The largest CEMIG Preferred Shares seller in Q2 2020 was JP Morgan Chase, an estimated $13.2M sold.
Based on aggregated 13F filings for Q2 2020.