CEMIG Preferred Shares
123 hedge funds and large institutions have $296M invested in CEMIG Preferred Shares in 2018 Q4 according to their latest regulatory filings, with 34 funds opening new positions, 27 increasing their positions, 40 reducing their positions, and 16 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
125% more capital invested
Capital invested by funds: $131M → $296M (+$165M)
113% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 16
16% more funds holding
Funds holding: 106 → 123 (+17)
2.03% more ownership
Funds ownership: 15.09% → 17.12% (+2%)
33% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 40
70% less call options, than puts
Call options by funds: $177K | Put options by funds: $592K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T2I
Turim 21 Investimentos
Rio De Janeiro,
Brazil
|
+$36.8M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$6.02M |
| 3 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
+$5.02M |
| 4 |
TCMG
TSP Capital Management Group
Summit,
New Jersey
|
+$4.72M |
| 5 |
Morgan Stanley
New York
|
+$4.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$25.2M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$4.88M |
| 3 |
Bank of New York Mellon
New York
|
-$4.66M |
| 4 |
BlackRock
New York
|
-$4.34M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$2.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Legal & General Group
London,
United Kingdom
| – | -$58K | -66,542 | Closed |
|
127
Federated Hermes
Pittsburgh,
Pennsylvania
| – | -$22K | -25,172 | Closed |
|
128
D.E. Shaw & Co
New York
| – | -$21K | -24,499 | Closed |
|
|
MCM
129
Mainstay Capital Management
Grand Blanc,
Michigan
| – | -$9K | -9,809 | Closed |
|
130
Fidelity Investments
Boston,
Massachusetts
| – | -$13.2K | -8,710 | -100% |
|
|
SPIA
131
Steward Partners Investment Advisory
New York
| – | -$4K | -4,971 | Closed |
|
|
KF
132
Krilogy Financial
St. Louis,
Missouri
| – | -$3K | -3,753 | Closed |
|
|
BA
133
Ballew Advisors
Jackson,
Mississippi
| – | -$6K | -3,629 | Closed |
|
|
CWM
134
Cornerstone Wealth Management
St. Peters,
Missouri
| – | -$500K | -2,472 | Closed |
|
|
SWP
135
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$1K | -1,360 | Closed |
|
|
LIA
136
LS Investment Advisors
Bloomfield Hills,
Michigan
| – | -$1K | -685 | Closed |
|
|
RCAG
137
Rehmann Capital Advisory Group
Lansing,
Michigan
| – | -$1 | -2 | Closed |
|
|
AC
138
Avestar Capital
New York
| – | +$703 | +465 | New |
|
CIG Hedge Fund Activity: Q4 2018 in Review
123 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in CEMIG Preferred Shares (CIG) for Q4 2018, worth a combined $296M — up 125% from $131M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new CIG positions and 16 closed out — a net gain of 18 holders — while 27 added to existing stakes and 40 trimmed.
The largest buyer was Turim 21 Investimentos, opening a new position worth an estimated $36.8M. The largest seller was Goldman Sachs, cutting an estimated $25.2M.
- 123 institutional investors held CEMIG Preferred Shares (CIG) as of Q4 2018, up from 106 in Q3 2018.
- Funds reported $296M of CEMIG Preferred Shares stock for Q4 2018, up 125% quarter-over-quarter.
- 34 funds opened new CEMIG Preferred Shares positions in Q4 2018 and 16 closed out, a net change of +18 holders.
- The largest CEMIG Preferred Shares buyer in Q4 2018 was Turim 21 Investimentos, an estimated $36.8M added.
- The largest CEMIG Preferred Shares seller in Q4 2018 was Goldman Sachs, an estimated $25.2M sold.
Based on aggregated 13F filings for Q4 2018.