CEMIG Preferred Shares
129 hedge funds and large institutions have $380M invested in CEMIG Preferred Shares in 2016 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 33 increasing their positions, 48 reducing their positions, and 29 closing their positions.
39% more capital invested
Capital invested by funds: $272M → $380M (+$108M)
3.26% less ownership
Funds ownership: 42.56% → 39.3% (-3.3%)
7% less funds holding
Funds holding: 139 → 129 (-10)
28% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 29
31% less repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 48
53% less call options, than puts
Call options by funds: $41K | Put options by funds: $88K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Schroder Investment Management Group
London,
United Kingdom
|
+$6.58M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$5.78M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$4.53M |
| 4 |
ECP
Electron Capital Partners
New York
|
+$4.22M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$2.44M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$31.7M |
| 2 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$5.21M |
| 3 |
Credit Agricole
Montrouge Cedex,
France
|
-$4.62M |
| 4 |
LPL Financial
San Diego,
California
|
-$2.76M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
-$2.29M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MFBTD
151
MB Financial Bank - Trust Department
Rosemont,
Illinois
| – | -$1K | -1,159 | Closed |
|
|
CAW
152
Cornerstone Advisors (Washington)
Bellevue,
Washington
| – | -$1K | -906 | Closed |
|
153
AssetMark Inc
Concord,
California
| – | -$1K | -798 | Closed |
|
CIG Hedge Fund Activity: Q1 2016 in Review
129 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in CEMIG Preferred Shares (CIG) for Q1 2016, worth a combined $380M — up 39% from $272M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of CIG and 21 opened new positions — a net loss of 8 holders — while 48 trimmed existing stakes and 33 added.
The largest buyer was Schroder Investment Management Group, adding an estimated $6.58M. The largest seller was Lazard Asset Management, cutting an estimated $31.7M.
- 129 institutional investors held CEMIG Preferred Shares (CIG) as of Q1 2016, down from 139 in Q4 2015.
- Funds reported $380M of CEMIG Preferred Shares stock for Q1 2016, up 39% quarter-over-quarter.
- 21 funds opened new CEMIG Preferred Shares positions in Q1 2016 and 29 closed out, a net change of -8 holders.
- The largest CEMIG Preferred Shares buyer in Q1 2016 was Schroder Investment Management Group, an estimated $6.58M added.
- The largest CEMIG Preferred Shares seller in Q1 2016 was Lazard Asset Management, an estimated $31.7M sold.
Based on aggregated 13F filings for Q1 2016.