CEMIG Preferred Shares
154 hedge funds and large institutions have $905M invested in CEMIG Preferred Shares in 2015 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 61 increasing their positions, 42 reducing their positions, and 24 closing their positions.
45% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 42
1.3% more ownership
Funds ownership: 50.53% → 51.83% (+1.3%)
6% less funds holding
Funds holding: 164 → 154 (-10)
15% less capital invested
Capital invested by funds: $1.07B → $905M (-$164M)
33% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 24
99% less call options, than puts
Call options by funds: $8K | Put options by funds: $1.21M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
+$29.6M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$13.5M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
+$11.8M |
| 4 |
RFC
Russell Frank Company
Seattle,
Washington
|
+$9.35M |
| 5 |
Lazard Asset Management
New York
|
+$8.91M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
-$35.9M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
-$11.6M |
| 3 |
JP Morgan Chase
New York
|
-$9.62M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
-$4.96M |
| 5 |
Two Sigma Investments
New York
|
-$4.39M |
CIG Hedge Fund Activity: Q1 2015 in Review
154 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in CEMIG Preferred Shares (CIG) for Q1 2015, worth a combined $905M — down 15% from $1.07B a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of CIG and 16 opened new positions — a net loss of 8 holders — while 42 trimmed existing stakes and 61 added.
The largest buyer was Oaktree Capital Management, opening a new position worth an estimated $29.6M. The largest seller was Acadian Asset Management, cutting an estimated $35.9M.
- 154 institutional investors held CEMIG Preferred Shares (CIG) as of Q1 2015, down from 164 in Q4 2014.
- Funds reported $905M of CEMIG Preferred Shares stock for Q1 2015, down 15% quarter-over-quarter.
- 16 funds opened new CEMIG Preferred Shares positions in Q1 2015 and 24 closed out, a net change of -8 holders.
- The largest CEMIG Preferred Shares buyer in Q1 2015 was Oaktree Capital Management, an estimated $29.6M added.
- The largest CEMIG Preferred Shares seller in Q1 2015 was Acadian Asset Management, an estimated $35.9M sold.
Based on aggregated 13F filings for Q1 2015.