CEMIG Preferred Shares
162 hedge funds and large institutions have $918M invested in CEMIG Preferred Shares in 2013 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 55 increasing their positions, 65 reducing their positions, and 26 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
3.21% less ownership
Funds ownership: 53.31% → 50.1% (-3.2%)
5% less funds holding
Funds holding: 170 → 162 (-8)
10% less capital invested
Capital invested by funds: $1.02B → $918M (-$97.6M)
15% less repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 65
19% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 26
75% less call options, than puts
Call options by funds: $329K | Put options by funds: $1.33M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
+$27.3M |
| 2 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$12.4M |
| 3 |
ZP
Zimmer Partners
New York
|
+$10.4M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$7.58M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$4.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$48.1M |
| 2 |
Bank of New York Mellon
New York
|
-$28.7M |
| 3 |
Morgan Stanley
New York
|
-$19.7M |
| 4 |
SCCM
Schafer Cullen Capital Management
New York
|
-$16.3M |
| 5 |
AG
Ashmore Group
London,
United Kingdom
|
-$14.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$145K | -42,811 | Closed |
|
|
OCM
177
Osterweis Capital Management
San Francisco,
California
| – | -$129K | -37,055 | Closed |
|
|
FB
178
Fulton Bank
Lancaster,
Pennsylvania
| – | -$110K | -31,340 | Closed |
|
|
V
179
Veritable
Wilmington,
Delaware
| – | -$102K | -29,208 | Closed |
|
|
RG
180
Renaissance Group
Covington,
Kentucky
| – | -$95K | -27,104 | Closed |
|
|
QBFM
181
QS Batterymarch Financial Management
New York
| – | -$88K | -24,883 | Closed |
|
|
HF
182
Hoxton Financial
Shepherdstown,
West Virginia
| – | -$13K | -3,617 | Closed |
|
|
CBOA
183
Commonwealth Bank of Australia
Sydney, NSW,
Australia
| – | -$10K | -2,894 | Closed |
|
|
EFSCE
184
Enterprise Financial Services Corp (EFSC)
Clayton,
Missouri
| – | -$2.6K | -767 | -84% |
|
185
Lazard Asset Management
New York
| – | -$2K | -598 | Closed |
|
|
PAS
186
Partnervest Advisory Services
Santa Barbara,
California
| – | -$2K | -577 | Closed |
|
CIG Hedge Fund Activity: Q3 2013 in Review
162 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in CEMIG Preferred Shares (CIG) for Q3 2013, worth a combined $918M — down 9.6% from $1.02B a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of CIG and 21 opened new positions — a net loss of 5 holders — while 65 trimmed existing stakes and 55 added.
The largest buyer was Acadian Asset Management, adding an estimated $27.3M. The largest seller was Capital Research Global Investors, cutting an estimated $48.1M.
- 162 institutional investors held CEMIG Preferred Shares (CIG) as of Q3 2013, down from 170 in Q2 2013.
- Funds reported $918M of CEMIG Preferred Shares stock for Q3 2013, down 9.6% quarter-over-quarter.
- 21 funds opened new CEMIG Preferred Shares positions in Q3 2013 and 26 closed out, a net change of -5 holders.
- The largest CEMIG Preferred Shares buyer in Q3 2013 was Acadian Asset Management, an estimated $27.3M added.
- The largest CEMIG Preferred Shares seller in Q3 2013 was Capital Research Global Investors, an estimated $48.1M sold.
Based on aggregated 13F filings for Q3 2013.