CEMIG Preferred Shares
169 hedge funds and large institutions have $836M invested in CEMIG Preferred Shares in 2013 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 57 increasing their positions, 61 reducing their positions, and 15 closing their positions.
47% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 15
4% more funds holding
Funds holding: 162 → 169 (+7)
1.16% more ownership
Funds ownership: 50.1% → 51.26% (+1.2%)
7% less repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 61
9% less capital invested
Capital invested by funds: $918M → $836M (-$81.7M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
85% less call options, than puts
Call options by funds: $195K | Put options by funds: $1.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
+$33.9M |
| 2 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$28.6M |
| 3 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$18M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
+$12M |
| 5 |
RFC
Russell Frank Company
Seattle,
Washington
|
+$11.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$33.1M |
| 2 |
JP Morgan Chase
New York
|
-$30.1M |
| 3 |
BG
BlackRock Group
London,
United Kingdom
|
-$16.8M |
| 4 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$11.1M |
| 5 |
WHRC
W.H. Reaves & Co
Jersey City,
New Jersey
|
-$9.46M |
CIG Hedge Fund Activity: Q4 2013 in Review
169 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in CEMIG Preferred Shares (CIG) for Q4 2013, worth a combined $836M — down 8.9% from $918M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new CIG positions and 15 closed out — a net gain of 7 holders — while 57 added to existing stakes and 61 trimmed.
The largest buyer was Acadian Asset Management, adding an estimated $33.9M. The largest seller was Capital Research Global Investors, cutting an estimated $33.1M.
- 169 institutional investors held CEMIG Preferred Shares (CIG) as of Q4 2013, up from 162 in Q3 2013.
- Funds reported $836M of CEMIG Preferred Shares stock for Q4 2013, down 8.9% quarter-over-quarter.
- 22 funds opened new CEMIG Preferred Shares positions in Q4 2013 and 15 closed out, a net change of +7 holders.
- The largest CEMIG Preferred Shares buyer in Q4 2013 was Acadian Asset Management, an estimated $33.9M added.
- The largest CEMIG Preferred Shares seller in Q4 2013 was Capital Research Global Investors, an estimated $33.1M sold.
Based on aggregated 13F filings for Q4 2013.