CEMIG Preferred Shares
109 hedge funds and large institutions have $219M invested in CEMIG Preferred Shares in 2017 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 25 increasing their positions, 37 reducing their positions, and 24 closing their positions.
21% more call options, than puts
Call options by funds: $373K | Put options by funds: $308K
4% more capital invested
Capital invested by funds: $210M → $219M (+$8.8M)
0.67% more ownership
Funds ownership: 19.98% → 20.66% (+0.67%)
8% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 24
3% less funds holding
Funds holding: 112 → 109 (-3)
32% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 37
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$11M |
| 2 |
Millennium Management
New York
|
+$10.3M |
| 3 |
ECP
Electron Capital Partners
New York
|
+$5.35M |
| 4 |
TCMG
TSP Capital Management Group
Summit,
New Jersey
|
+$4.08M |
| 5 |
Bank of New York Mellon
New York
|
+$3.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
-$11.9M |
| 2 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$7.75M |
| 3 |
NCM
Newfoundland Capital Management
Sao Paulo,
Brazil
|
-$3.77M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$3.12M |
| 5 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$2.08M |
CIG Hedge Fund Activity: Q3 2017 in Review
109 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in CEMIG Preferred Shares (CIG) for Q3 2017, worth a combined $219M — up 4.2% from $210M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of CIG and 22 opened new positions — a net loss of 2 holders — while 37 trimmed existing stakes and 25 added.
The largest buyer was JP Morgan Chase, adding an estimated $11M. The largest seller was Acadian Asset Management, cutting an estimated $11.9M.
- 109 institutional investors held CEMIG Preferred Shares (CIG) as of Q3 2017, down from 112 in Q2 2017.
- Funds reported $219M of CEMIG Preferred Shares stock for Q3 2017, up 4.2% quarter-over-quarter.
- 22 funds opened new CEMIG Preferred Shares positions in Q3 2017 and 24 closed out, a net change of -2 holders.
- The largest CEMIG Preferred Shares buyer in Q3 2017 was JP Morgan Chase, an estimated $11M added.
- The largest CEMIG Preferred Shares seller in Q3 2017 was Acadian Asset Management, an estimated $11.9M sold.
Based on aggregated 13F filings for Q3 2017.