CEMIG Preferred Shares
126 hedge funds and large institutions have $388M invested in CEMIG Preferred Shares in 2017 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 37 increasing their positions, 40 reducing their positions, and 15 closing their positions.
61% more capital invested
Capital invested by funds: $240M → $388M (+$148M)
60% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 15
4% more funds holding
Funds holding: 121 → 126 (+5)
3.02% more ownership
Funds ownership: 24.2% → 27.22% (+3%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
8% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 40
90% less call options, than puts
Call options by funds: $71K | Put options by funds: $712K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$27.6M |
| 2 |
Morgan Stanley
New York
|
+$24.4M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$17M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$13.2M |
| 5 |
WBC
Westpac Banking Corp
Sydney,
Australia
|
+$9.44M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
-$23.8M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
-$12.9M |
| 3 |
ECP
Electron Capital Partners
New York
|
-$11M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.64M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$2.42M |
CIG Hedge Fund Activity: Q1 2017 in Review
126 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in CEMIG Preferred Shares (CIG) for Q1 2017, worth a combined $388M — up 61% from $240M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new CIG positions and 15 closed out — a net gain of 9 holders — while 37 added to existing stakes and 40 trimmed.
The largest buyer was BlackRock, adding an estimated $27.6M. The largest seller was State Street, cutting an estimated $23.8M.
- 126 institutional investors held CEMIG Preferred Shares (CIG) as of Q1 2017, up from 121 in Q4 2016.
- Funds reported $388M of CEMIG Preferred Shares stock for Q1 2017, up 61% quarter-over-quarter.
- 24 funds opened new CEMIG Preferred Shares positions in Q1 2017 and 15 closed out, a net change of +9 holders.
- The largest CEMIG Preferred Shares buyer in Q1 2017 was BlackRock, an estimated $27.6M added.
- The largest CEMIG Preferred Shares seller in Q1 2017 was State Street, an estimated $23.8M sold.
Based on aggregated 13F filings for Q1 2017.