CEMIG Preferred Shares
168 hedge funds and large institutions have $1.21B invested in CEMIG Preferred Shares in 2014 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 63 increasing their positions, 68 reducing their positions, and 28 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
45% more capital invested
Capital invested by funds: $836M → $1.21B (+$377M)
11% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 28
1% less funds holding
Funds holding: 169 → 168 (-1)
7% less repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 68
9.66% less ownership
Funds ownership: 51.26% → 41.59% (-9.7%)
58% less call options, than puts
Call options by funds: $152K | Put options by funds: $364K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
+$211M |
| 2 |
CII
Capital International Inc
Los Angeles,
California
|
+$62.3M |
| 3 |
CIS
Capital International Sarl
Los Angeles,
California
|
+$34.1M |
| 4 |
CGT
Capital Guardian Trust
Los Angeles,
California
|
+$30.9M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
+$24.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$106M |
| 2 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$26.5M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
-$19.9M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$17.5M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
-$10.6M |
CIG Hedge Fund Activity: Q1 2014 in Review
168 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in CEMIG Preferred Shares (CIG) for Q1 2014, worth a combined $1.21B — up 45% from $836M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new CIG positions and 28 closed out — a net gain of 3 holders — while 63 added to existing stakes and 68 trimmed.
The largest buyer was Lazard Asset Management, opening a new position worth an estimated $211M. The largest seller was JP Morgan Chase, cutting an estimated $106M.
- 168 institutional investors held CEMIG Preferred Shares (CIG) as of Q1 2014, down from 169 in Q4 2013.
- Funds reported $1.21B of CEMIG Preferred Shares stock for Q1 2014, up 45% quarter-over-quarter.
- 31 funds opened new CEMIG Preferred Shares positions in Q1 2014 and 28 closed out, a net change of +3 holders.
- The largest CEMIG Preferred Shares buyer in Q1 2014 was Lazard Asset Management, an estimated $211M added.
- The largest CEMIG Preferred Shares seller in Q1 2014 was JP Morgan Chase, an estimated $106M sold.
Based on aggregated 13F filings for Q1 2014.