CEMIG Preferred Shares
121 hedge funds and large institutions have $240M invested in CEMIG Preferred Shares in 2016 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 40 increasing their positions, 41 reducing their positions, and 26 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
2% less repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 41
6.12% less ownership
Funds ownership: 30.33% → 24.2% (-6.1%)
12% less funds holding
Funds holding: 138 → 121 (-17)
29% less capital invested
Capital invested by funds: $341M → $240M (-$100M)
46% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 26
75% less call options, than puts
Call options by funds: $60K | Put options by funds: $241K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECP
Electron Capital Partners
New York
|
+$5.9M |
| 2 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$3.31M |
| 3 |
Morgan Stanley
New York
|
+$2.45M |
| 4 |
Citigroup
New York
|
+$2.4M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$32.9M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$16.2M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$8.73M |
| 4 |
Credit Agricole
Montrouge Cedex,
France
|
-$6.84M |
| 5 |
Goldman Sachs
New York
|
-$6.09M |
CIG Hedge Fund Activity: Q4 2016 in Review
121 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in CEMIG Preferred Shares (CIG) for Q4 2016, worth a combined $240M — down 29% from $341M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of CIG and 14 opened new positions — a net loss of 12 holders — while 41 trimmed existing stakes and 40 added.
The largest buyer was Electron Capital Partners, adding an estimated $5.9M. The largest seller was Bank of America, cutting an estimated $32.9M.
- 121 institutional investors held CEMIG Preferred Shares (CIG) as of Q4 2016, down from 138 in Q3 2016.
- Funds reported $240M of CEMIG Preferred Shares stock for Q4 2016, down 29% quarter-over-quarter.
- 14 funds opened new CEMIG Preferred Shares positions in Q4 2016 and 26 closed out, a net change of -12 holders.
- The largest CEMIG Preferred Shares buyer in Q4 2016 was Electron Capital Partners, an estimated $5.9M added.
- The largest CEMIG Preferred Shares seller in Q4 2016 was Bank of America, an estimated $32.9M sold.
Based on aggregated 13F filings for Q4 2016.