We are live on ! Find out more
CIG icon

CEMIG Preferred Shares

145 hedge funds and large institutions have $347M invested in CEMIG Preferred Shares in 2015 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 42 increasing their positions, 49 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% more call options, than puts

Call options by funds: $134K | Put options by funds: $115K

4.98% less ownership

Funds ownership: 50.7%45.71% (-5%)

6% less funds holding

Funds holding: 154145 (-9)

14% less repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 49

30% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 27

58% less capital invested

Capital invested by funds: $822M → $347M (-$475M)

Holders
145
Holders Change
-9
Holders Change %
-5.84%
% of All Funds
4.05%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
19
Increased
42
Reduced
49
Closed
27
Calls
$134K
Puts
$115K
Net Calls
+$19K
Net Calls Change
-$92K
Name Holding Trade Value Shares
Change
Change in
Stake
Lazard Asset Management
1
Lazard Asset Management
New York
$107M -$6.45M -4,962,151 -4%
Acadian Asset Management
2
Acadian Asset Management
Massachusetts
$39.4M +$586K +450,714 +1%
Grantham, Mayo, Van Otterloo & Co (GMO)
3
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$29.3M +$300K +230,511 +0.7%
AQR Capital Management
4
AQR Capital Management
Connecticut
$16.2M +$783K +602,026 +3%
State Street
5
State Street
Massachusetts
$15.1M +$3.38M +2,597,093 +18%
Vanguard Group
6
Vanguard Group
Pennsylvania
$14.8M -$2.2M -1,696,333 -9%
AL
7
AJO LP
Pennsylvania
$14.2M +$12.5M +9,646,326 +161%
Schroder Investment Management Group
8
Schroder Investment Management Group
United Kingdom
$9.95M -$12.9M -9,937,184 -48%
Bank of America
9
Bank of America
North Carolina
$9.21M +$3.42M +2,630,457 +35%
PPA
10
Parametric Portfolio Associates
Washington
$6.04M +$1.91M +1,467,623 +28%
BIT
11
BlackRock Institutional Trust
California
$5.52M +$5.88M +4,520,693 +289%
Goldman Sachs
12
Goldman Sachs
New York
$4.34M +$3.28M +2,524,478 +112%
BFA
13
BlackRock Fund Advisors
California
$4.23M -$2.44M -1,874,746 -29%
Deutsche Bank
14
Deutsche Bank
Germany
$4.15M +$3.52M +2,704,515 +145%
BG
15
BlackRock Group
United Kingdom
$3.97M -$2.73M -2,103,423 -32%
Dimensional Fund Advisors
16
Dimensional Fund Advisors
Texas
$3.73M +$542K +416,761 +11%
GC
17
Guggenheim Capital
Illinois
$3.61M +$1.43M +1,098,616 +38%
State of New Jersey Common Pension Fund D
18
State of New Jersey Common Pension Fund D
New Jersey
$3.41M -$824K -634,054 -14%
Arrowstreet Capital
19
Arrowstreet Capital
Massachusetts
$3.28M -$1.4M -1,076,148 -23%
Invesco
20
Invesco
Georgia
$2.46M +$463K +355,959 +15%
Millennium Management
21
Millennium Management
New York
$2.43M +$3.48M +2,674,743 New
TCMG
22
TSP Capital Management Group
New Jersey
$2.4M +$810K +622,882 +31%
JP Morgan Chase
23
JP Morgan Chase
New York
$2.35M -$11.6M -8,887,092 -77%
RFC
24
Russell Frank Company
Washington
$2.17M -$8.57M -6,595,700 -73%
Canada Pension Plan Investment Board
25
Canada Pension Plan Investment Board
Ontario, Canada
$2.13M

CIG Hedge Fund Activity: Q3 2015 in Review

145 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in CEMIG Preferred Shares (CIG) for Q3 2015, worth a combined $347M — down 58% from $822M a quarter earlier.

Sellers outnumbered buyers: 27 funds closed out of CIG and 19 opened new positions — a net loss of 8 holders — while 49 trimmed existing stakes and 42 added.

The largest buyer was AJO LP, adding an estimated $12.5M. The largest seller was Oaktree Capital Management, exiting entirely with an estimated $26.4M sold.

  • 145 institutional investors held CEMIG Preferred Shares (CIG) as of Q3 2015, down from 154 in Q2 2015.
  • Funds reported $347M of CEMIG Preferred Shares stock for Q3 2015, down 58% quarter-over-quarter.
  • 19 funds opened new CEMIG Preferred Shares positions in Q3 2015 and 27 closed out, a net change of -8 holders.
  • The largest CEMIG Preferred Shares buyer in Q3 2015 was AJO LP, an estimated $12.5M added.
  • The largest CEMIG Preferred Shares seller in Q3 2015 was Oaktree Capital Management, an estimated $26.4M sold.

Based on aggregated 13F filings for Q3 2015.