CEMIG Preferred Shares
112 hedge funds and large institutions have $159M invested in CEMIG Preferred Shares in 2020 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 35 increasing their positions, 35 reducing their positions, and 24 closing their positions.
13% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 24
0% more funds holding
Funds holding: 112 → 112 (0)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 35
0.77% less ownership
Funds ownership: 19.03% → 18.26% (-0.77%)
51% less capital invested
Capital invested by funds: $327M → $159M (-$168M)
77% less call options, than puts
Call options by funds: $70K | Put options by funds: $302K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$30M |
| 2 |
JP Morgan Chase
New York
|
+$27M |
| 3 |
PG
Pendal Group
Sydney,
Australia
|
+$6.19M |
| 4 |
CC
Covalis Capital
London,
United Kingdom
|
+$6.08M |
| 5 |
Cohen & Steers
New York
|
+$3.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$30.6M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$13.3M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
-$13.1M |
| 4 |
CAAM
Cape Ann Asset Management
London,
United Kingdom
|
-$12.6M |
| 5 |
IUHSA
Itau Unibanco Holding S.A.
Sao Paulo,
Brazil
|
-$9.47M |
CIG Hedge Fund Activity: Q1 2020 in Review
112 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in CEMIG Preferred Shares (CIG) for Q1 2020, worth a combined $159M — down 51% from $327M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new CIG positions and 24 closed out — a net gain of 3 holders — while 35 added to existing stakes and 35 trimmed.
The largest buyer was BlackRock, adding an estimated $30M. The largest seller was Bank of Nova Scotia, exiting entirely with an estimated $30.6M sold.
- 112 institutional investors held CEMIG Preferred Shares (CIG) as of Q1 2020, unchanged from Q4 2019.
- Funds reported $159M of CEMIG Preferred Shares stock for Q1 2020, down 51% quarter-over-quarter.
- 27 funds opened new CEMIG Preferred Shares positions in Q1 2020 and 24 closed out, a net change of +3 holders.
- The largest CEMIG Preferred Shares buyer in Q1 2020 was BlackRock, an estimated $30M added.
- The largest CEMIG Preferred Shares seller in Q1 2020 was Bank of Nova Scotia, an estimated $30.6M sold.
Based on aggregated 13F filings for Q1 2020.