CEMIG Preferred Shares
126 hedge funds and large institutions have $350M invested in CEMIG Preferred Shares in 2016 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 34 increasing their positions, 43 reducing their positions, and 23 closing their positions.
225% more call options, than puts
Call options by funds: $231K | Put options by funds: $71K
9% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 23
2.24% less ownership
Funds ownership: 39.3% → 37.05% (-2.2%)
2% less funds holding
Funds holding: 129 → 126 (-3)
8% less capital invested
Capital invested by funds: $380M → $350M (-$30.5M)
21% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 43
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Credit Agricole
Montrouge Cedex,
France
|
+$12.7M |
| 2 |
Goldman Sachs
New York
|
+$11.9M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$9.8M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$4.69M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$3.77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
-$38.3M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
-$10.1M |
| 3 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$7.83M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$7.27M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
-$5.06M |
CIG Hedge Fund Activity: Q2 2016 in Review
126 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in CEMIG Preferred Shares (CIG) for Q2 2016, worth a combined $350M — down 8% from $380M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of CIG and 21 opened new positions — a net loss of 2 holders — while 43 trimmed existing stakes and 34 added.
The largest buyer was Credit Agricole, opening a new position worth an estimated $12.7M. The largest seller was Lazard Asset Management, exiting entirely with an estimated $38.3M sold.
- 126 institutional investors held CEMIG Preferred Shares (CIG) as of Q2 2016, down from 129 in Q1 2016.
- Funds reported $350M of CEMIG Preferred Shares stock for Q2 2016, down 8% quarter-over-quarter.
- 21 funds opened new CEMIG Preferred Shares positions in Q2 2016 and 23 closed out, a net change of -2 holders.
- The largest CEMIG Preferred Shares buyer in Q2 2016 was Credit Agricole, an estimated $12.7M added.
- The largest CEMIG Preferred Shares seller in Q2 2016 was Lazard Asset Management, an estimated $38.3M sold.
Based on aggregated 13F filings for Q2 2016.