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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.

New
Increased
Maintained
Reduced
Closed

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: 126138 (+12)

3% less capital invested

Capital invested by funds: $350M → $341M (-$9.14M)

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

Holders
138
Holders Change
+12
Holders Change %
+9.52%
% of All Funds
3.68%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
23
Increased
40
Reduced
49
Closed
9
Calls
$155K
Puts
$127K
Net Calls
+$28K
Net Calls Change
-$132K
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
1
Bank of America
North Carolina
$47.9M +$15.9M +11,557,323 +47%
Acadian Asset Management
2
Acadian Asset Management
Massachusetts
$45.1M -$5.35M -3,882,656 -10%
Goldman Sachs
3
Goldman Sachs
New York
$30.6M +$3.63M +2,634,398 +13%
State Street
4
State Street
Massachusetts
$25.7M +$1.09M +792,485 +4%
Credit Agricole
5
Credit Agricole
France
$21.5M +$3.31M +2,400,851 +17%
PPA
6
Parametric Portfolio Associates
Washington
$18.4M -$10.5M -7,640,943 -35%
Vanguard Group
7
Vanguard Group
Pennsylvania
$17.8M -$98.3K -71,380 -0.5%
Arrowstreet Capital
8
Arrowstreet Capital
Massachusetts
$16.2M -$1.3M -945,017 -7%
BFA
9
BlackRock Fund Advisors
California
$10.1M +$1.46M +1,058,862 +16%
BG
10
BlackRock Group
United Kingdom
$9.62M -$147K -107,010 -1%
Morgan Stanley
11
Morgan Stanley
New York
$7.53M -$1.78M -1,293,845 -18%
Grantham, Mayo, Van Otterloo & Co (GMO)
12
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$5.48M -$26.7M -19,403,784 -82%
AQR Capital Management
13
AQR Capital Management
Connecticut
$5.04M -$1.44M -1,042,465 -21%
TCMG
14
TSP Capital Management Group
New Jersey
$5.03M -$5.34M -3,876,006 Closed
UBS Group
15
UBS Group
Switzerland
$4.8M +$50.8K +36,911 +1%
Deutsche Bank
16
Deutsche Bank
Germany
$4.01M -$974K -707,349 -19%
Dimensional Fund Advisors
17
Dimensional Fund Advisors
Texas
$3.87M -$85K -61,745 -2%
ECP
18
Electron Capital Partners
New York
$3.38M
Millennium Management
19
Millennium Management
New York
$3.08M +$2.7M +1,959,578 +522%
EA
20
Emerald Acquisition
Washington
$2.63M
OAM
21
Oxford Asset Management
United Kingdom
$2.62M -$797K -578,519 -23%
New York State Common Retirement Fund
22
New York State Common Retirement Fund
New York
$2.28M
Northern Trust
23
Northern Trust
Illinois
$2.23M +$93.9K +68,192 +4%
IUHSA
24
Itau Unibanco Holding S.A.
Brazil
$2.1M -$1.21M -879,876 -36%
GC
25
Guggenheim Capital
Illinois
$2.08M -$50K -36,309 -2%

CIG Hedge Fund Activity: Q3 2016 in Review

138 of the 3,748 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.