CEMIG Preferred Shares
139 hedge funds and large institutions have $272M invested in CEMIG Preferred Shares in 2015 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 48 increasing their positions, 41 reducing their positions, and 27 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 41
6% more call options, than puts
Call options by funds: $18K | Put options by funds: $17K
3.15% less ownership
Funds ownership: 45.71% → 42.56% (-3.2%)
4% less funds holding
Funds holding: 145 → 139 (-6)
19% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 27
22% less capital invested
Capital invested by funds: $347M → $272M (-$74.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Schroder Investment Management Group
London,
United Kingdom
|
+$10.5M |
| 2 |
Credit Agricole
Montrouge Cedex,
France
|
+$5.49M |
| 3 |
LPL Financial
San Diego,
California
|
+$3.15M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$2.59M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$42.7M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$5.02M |
| 3 |
Millennium Management
New York
|
-$2.45M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.76M |
| 5 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
-$1.66M |
CIG Hedge Fund Activity: Q4 2015 in Review
139 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in CEMIG Preferred Shares (CIG) for Q4 2015, worth a combined $272M — down 22% from $347M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of CIG and 22 opened new positions — a net loss of 5 holders — while 41 trimmed existing stakes and 48 added.
The largest buyer was Schroder Investment Management Group, adding an estimated $10.5M. The largest seller was Lazard Asset Management, cutting an estimated $42.7M.
- 139 institutional investors held CEMIG Preferred Shares (CIG) as of Q4 2015, down from 145 in Q3 2015.
- Funds reported $272M of CEMIG Preferred Shares stock for Q4 2015, down 22% quarter-over-quarter.
- 22 funds opened new CEMIG Preferred Shares positions in Q4 2015 and 27 closed out, a net change of -5 holders.
- The largest CEMIG Preferred Shares buyer in Q4 2015 was Schroder Investment Management Group, an estimated $10.5M added.
- The largest CEMIG Preferred Shares seller in Q4 2015 was Lazard Asset Management, an estimated $42.7M sold.
Based on aggregated 13F filings for Q4 2015.