CEMIG Preferred Shares
145 hedge funds and large institutions have $347M invested in CEMIG Preferred Shares in 2015 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 42 increasing their positions, 49 reducing their positions, and 27 closing their positions.
17% more call options, than puts
Call options by funds: $134K | Put options by funds: $115K
4.98% less ownership
Funds ownership: 50.7% → 45.71% (-5%)
6% less funds holding
Funds holding: 154 → 145 (-9)
14% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 49
30% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 27
58% less capital invested
Capital invested by funds: $822M → $347M (-$475M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$12.5M |
| 2 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$5.88M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$3.52M |
| 4 |
Millennium Management
New York
|
+$3.48M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$3.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
-$26.4M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$15.5M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
-$12.9M |
| 4 |
JP Morgan Chase
New York
|
-$11.6M |
| 5 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$8.57M |
CIG Hedge Fund Activity: Q3 2015 in Review
145 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in CEMIG Preferred Shares (CIG) for Q3 2015, worth a combined $347M — down 58% from $822M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of CIG and 19 opened new positions — a net loss of 8 holders — while 49 trimmed existing stakes and 42 added.
The largest buyer was AJO LP, adding an estimated $12.5M. The largest seller was Oaktree Capital Management, exiting entirely with an estimated $26.4M sold.
- 145 institutional investors held CEMIG Preferred Shares (CIG) as of Q3 2015, down from 154 in Q2 2015.
- Funds reported $347M of CEMIG Preferred Shares stock for Q3 2015, down 58% quarter-over-quarter.
- 19 funds opened new CEMIG Preferred Shares positions in Q3 2015 and 27 closed out, a net change of -8 holders.
- The largest CEMIG Preferred Shares buyer in Q3 2015 was AJO LP, an estimated $12.5M added.
- The largest CEMIG Preferred Shares seller in Q3 2015 was Oaktree Capital Management, an estimated $26.4M sold.
Based on aggregated 13F filings for Q3 2015.