CEMIG Preferred Shares
138 hedge funds and large institutions have $341M invested in CEMIG Preferred Shares in 2016 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 40 increasing their positions, 49 reducing their positions, and 9 closing their positions.
156% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 9
22% more call options, than puts
Call options by funds: $155K | Put options by funds: $127K
10% more funds holding
Funds holding: 126 → 138 (+12)
3% less capital invested
Capital invested by funds: $350M → $341M (-$9.19M)
6.73% less ownership
Funds ownership: 37.05% → 30.33% (-6.7%)
18% less repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 49
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$15.9M |
| 2 |
Goldman Sachs
New York
|
+$3.63M |
| 3 |
Credit Agricole
Montrouge Cedex,
France
|
+$3.31M |
| 4 |
Millennium Management
New York
|
+$2.7M |
| 5 |
AGC
Alden Global Capital
Brandon,
Florida
|
+$2.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$26.7M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
-$26.2M |
| 3 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$18.3M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$10.5M |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$5.37M |
CIG Hedge Fund Activity: Q3 2016 in Review
138 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in CEMIG Preferred Shares (CIG) for Q3 2016, worth a combined $341M — down 2.6% from $350M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new CIG positions and 9 closed out — a net gain of 14 holders — while 40 added to existing stakes and 49 trimmed.
The largest buyer was Bank of America, adding an estimated $15.9M. The largest seller was Grantham, Mayo, Van Otterloo & Co (GMO), cutting an estimated $26.7M.
- 138 institutional investors held CEMIG Preferred Shares (CIG) as of Q3 2016, up from 126 in Q2 2016.
- Funds reported $341M of CEMIG Preferred Shares stock for Q3 2016, down 2.6% quarter-over-quarter.
- 23 funds opened new CEMIG Preferred Shares positions in Q3 2016 and 9 closed out, a net change of +14 holders.
- The largest CEMIG Preferred Shares buyer in Q3 2016 was Bank of America, an estimated $15.9M added.
- The largest CEMIG Preferred Shares seller in Q3 2016 was Grantham, Mayo, Van Otterloo & Co (GMO), an estimated $26.7M sold.
Based on aggregated 13F filings for Q3 2016.