CEMIG Preferred Shares
169 hedge funds and large institutions have $1.54B invested in CEMIG Preferred Shares in 2014 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 68 increasing their positions, 49 reducing their positions, and 23 closing their positions.
39% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 49
27% more capital invested
Capital invested by funds: $1.21B → $1.54B (+$323M)
3.41% more ownership
Funds ownership: 41.59% → 45% (+3.4%)
9% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 23
1% more funds holding
Funds holding: 168 → 169 (+1)
24% less call options, than puts
Call options by funds: $392K | Put options by funds: $518K
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
+$69.2M |
| 2 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$45.1M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
+$41.7M |
| 4 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$15.1M |
| 5 |
JP Morgan Chase
New York
|
+$12.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CII
Capital International Inc
Los Angeles,
California
|
-$75.1M |
| 2 |
CIS
Capital International Sarl
Los Angeles,
California
|
-$39.1M |
| 3 |
CGT
Capital Guardian Trust
Los Angeles,
California
|
-$28.3M |
| 4 |
IG
ING Group
Amsterdam,
Netherlands
|
-$14.3M |
| 5 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$5.05M |
CIG Hedge Fund Activity: Q2 2014 in Review
169 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in CEMIG Preferred Shares (CIG) for Q2 2014, worth a combined $1.54B — up 27% from $1.21B a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new CIG positions and 23 closed out — a net gain of 2 holders — while 68 added to existing stakes and 49 trimmed.
The largest buyer was Lazard Asset Management, adding an estimated $69.2M. The largest seller was Capital International Inc, cutting an estimated $75.1M.
- 169 institutional investors held CEMIG Preferred Shares (CIG) as of Q2 2014, up from 168 in Q1 2014.
- Funds reported $1.54B of CEMIG Preferred Shares stock for Q2 2014, up 27% quarter-over-quarter.
- 25 funds opened new CEMIG Preferred Shares positions in Q2 2014 and 23 closed out, a net change of +2 holders.
- The largest CEMIG Preferred Shares buyer in Q2 2014 was Lazard Asset Management, an estimated $69.2M added.
- The largest CEMIG Preferred Shares seller in Q2 2014 was Capital International Inc, an estimated $75.1M sold.
Based on aggregated 13F filings for Q2 2014.