CEMIG Preferred Shares
164 hedge funds and large institutions have $1.07B invested in CEMIG Preferred Shares in 2014 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 59 increasing their positions, 60 reducing their positions, and 35 closing their positions.
0.24% more ownership
Funds ownership: 50.29% → 50.53% (+0.24%)
2% less repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 60
7% less funds holding
Funds holding: 176 → 164 (-12)
20% less capital invested
Capital invested by funds: $1.34B → $1.07B (-$267M)
26% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 35
82% less call options, than puts
Call options by funds: $345K | Put options by funds: $1.91M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
+$63.6M |
| 2 |
JP Morgan Chase
New York
|
+$40M |
| 3 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$17.1M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$12.6M |
| 5 |
Schroder Investment Management Group
London,
United Kingdom
|
+$11.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$25.3M |
| 2 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$18.5M |
| 3 |
Capital International Investors
Los Angeles,
California
|
-$17M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
-$12.3M |
| 5 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$11.8M |
CIG Hedge Fund Activity: Q4 2014 in Review
164 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in CEMIG Preferred Shares (CIG) for Q4 2014, worth a combined $1.07B — down 20% from $1.34B a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of CIG and 26 opened new positions — a net loss of 9 holders — while 60 trimmed existing stakes and 59 added.
The largest buyer was Lazard Asset Management, adding an estimated $63.6M. The largest seller was Brookfield Corp, exiting entirely with an estimated $25.3M sold.
- 164 institutional investors held CEMIG Preferred Shares (CIG) as of Q4 2014, down from 176 in Q3 2014.
- Funds reported $1.07B of CEMIG Preferred Shares stock for Q4 2014, down 20% quarter-over-quarter.
- 26 funds opened new CEMIG Preferred Shares positions in Q4 2014 and 35 closed out, a net change of -9 holders.
- The largest CEMIG Preferred Shares buyer in Q4 2014 was Lazard Asset Management, an estimated $63.6M added.
- The largest CEMIG Preferred Shares seller in Q4 2014 was Brookfield Corp, an estimated $25.3M sold.
Based on aggregated 13F filings for Q4 2014.