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CEMIG Preferred Shares

126 hedge funds and large institutions have $350M invested in CEMIG Preferred Shares in 2016 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 34 increasing their positions, 43 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

225% more call options, than puts

Call options by funds: $231K | Put options by funds: $71K

9% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 23

2.24% less ownership

Funds ownership: 39.3%37.05% (-2.2%)

2% less funds holding

Funds holding: 129126 (-3)

8% less capital invested

Capital invested by funds: $380M → $350M (-$30.2M)

21% less repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 43

Holders
126
Holders Change
-3
Holders Change %
-2.33%
% of All Funds
3.36%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
21
Increased
34
Reduced
43
Closed
23
Calls
$231K
Puts
$71K
Net Calls
+$160K
Net Calls Change
+$207K
Name Holding Trade Value Shares
Change
Change in
Stake
Lazard Asset Management
126
Lazard Asset Management
New York
-$38.3M -33,235,186 Closed
Wellington Management Group
127
Wellington Management Group
Massachusetts
-$3.57M -3,097,336 Closed
State of New Jersey Common Pension Fund D
128
State of New Jersey Common Pension Fund D
New Jersey
-$1.2M -1,043,482 Closed
NCM
129
Newgate Capital Management
Connecticut
-$772K -669,810 Closed
AAM
130
Advisors Asset Management
Colorado
-$460K -399,201 Closed
AL
131
Airain Ltd
Guernsey
-$357K -310,033 Closed
DekaBank Deutsche Girozentrale
132
DekaBank Deutsche Girozentrale
Germany
-$220K -186,534 Closed
VKH
133
Virtu KCG Holdings
New York
-$98K -85,444 Closed
MMEA
134
MEAG MUNICH ERGO AssetManagement
Germany
-$92K -78,472 Closed
D.E. Shaw & Co
135
D.E. Shaw & Co
New York
-$74K -64,616 Closed
Walleye Trading
136
Walleye Trading
New York
-$66K -57,677 Closed
ST
137
Spot Trading
Illinois
-$42.4K -46,298 Closed
Boston Partners
138
Boston Partners
Massachusetts
-$50K -43,297 Closed
N
139
Natixis
France
-$48K -42,014 Closed
CLOS
140
Compagnie Lombard Odier SCmA
Switzerland
-$47K -40,660 Closed
CG
141
Caprock Group
Idaho
-$45K -39,132 Closed
KeyBank National Association
142
KeyBank National Association
Ohio
-$45K -38,940 Closed
HighTower Advisors
143
HighTower Advisors
Illinois
-$23K -20,416 Closed
AIG
144
American International Group
New York
-$10K -8,859 Closed
QCG
145
Quadrant Capital Group
Ohio
-$1K -1,381 Closed
AIM
146
Acrospire Investment Management
Illinois
-$2K -1,373 Closed
EFSCE
147
Enterprise Financial Services Corp (EFSC)
Missouri
-$1K -765 Closed
Simplex Trading
148
Simplex Trading
Illinois
-$48 -53 Closed
PCM
149
Prelude Capital Management
New York
+$359 +392 New

CIG Hedge Fund Activity: Q2 2016 in Review

126 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in CEMIG Preferred Shares (CIG) for Q2 2016, worth a combined $350M — down 7.9% from $380M a quarter earlier.

Sellers outnumbered buyers: 23 funds closed out of CIG and 21 opened new positions — a net loss of 2 holders — while 43 trimmed existing stakes and 34 added.

The largest buyer was Credit Agricole, opening a new position worth an estimated $12.7M. The largest seller was Lazard Asset Management, exiting entirely with an estimated $38.3M sold.

  • 126 institutional investors held CEMIG Preferred Shares (CIG) as of Q2 2016, down from 129 in Q1 2016.
  • Funds reported $350M of CEMIG Preferred Shares stock for Q2 2016, down 7.9% quarter-over-quarter.
  • 21 funds opened new CEMIG Preferred Shares positions in Q2 2016 and 23 closed out, a net change of -2 holders.
  • The largest CEMIG Preferred Shares buyer in Q2 2016 was Credit Agricole, an estimated $12.7M added.
  • The largest CEMIG Preferred Shares seller in Q2 2016 was Lazard Asset Management, an estimated $38.3M sold.

Based on aggregated 13F filings for Q2 2016.