CEMIG Preferred Shares
112 hedge funds and large institutions have $327M invested in CEMIG Preferred Shares in 2019 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 35 increasing their positions, 44 reducing their positions, and 38 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
5% less capital invested
Capital invested by funds: $343M → $327M (-$16.3M)
1.09% less ownership
Funds ownership: 20.12% → 19.03% (-1.1%)
16% less funds holding
Funds holding: 133 → 112 (-21)
20% less repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 44
53% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 38
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $191K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$23.9M |
| 2 |
BlackRock
New York
|
+$4.66M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$3.3M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$2.88M |
| 5 |
Cohen & Steers
New York
|
+$1.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$14.2M |
| 2 |
SGDR
SPX Gestao de Recursos
Rio De Janeiro,
Brazil
|
-$9.87M |
| 3 |
Morgan Stanley
New York
|
-$9.64M |
| 4 |
IUHSA
Itau Unibanco Holding S.A.
Sao Paulo,
Brazil
|
-$7.85M |
| 5 |
HSBC Holdings
London,
United Kingdom
|
-$4.75M |
CIG Hedge Fund Activity: Q4 2019 in Review
112 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in CEMIG Preferred Shares (CIG) for Q4 2019, worth a combined $327M — down 4.7% from $343M a quarter earlier.
Sellers outnumbered buyers: 38 funds closed out of CIG and 18 opened new positions — a net loss of 20 holders — while 44 trimmed existing stakes and 35 added.
The largest buyer was Bank of Nova Scotia, adding an estimated $23.9M. The largest seller was JP Morgan Chase, cutting an estimated $14.2M.
- 112 institutional investors held CEMIG Preferred Shares (CIG) as of Q4 2019, down from 133 in Q3 2019.
- Funds reported $327M of CEMIG Preferred Shares stock for Q4 2019, down 4.7% quarter-over-quarter.
- 18 funds opened new CEMIG Preferred Shares positions in Q4 2019 and 38 closed out, a net change of -20 holders.
- The largest CEMIG Preferred Shares buyer in Q4 2019 was Bank of Nova Scotia, an estimated $23.9M added.
- The largest CEMIG Preferred Shares seller in Q4 2019 was JP Morgan Chase, an estimated $14.2M sold.
Based on aggregated 13F filings for Q4 2019.