CEMIG Preferred Shares
107 hedge funds and large institutions have $171M invested in CEMIG Preferred Shares in 2017 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 33 increasing their positions, 32 reducing their positions, and 21 closing their positions.
3% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 32
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
10% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 21
1.31% less ownership
Funds ownership: 20.66% → 19.35% (-1.3%)
2% less funds holding
Funds holding: 109 → 107 (-2)
22% less capital invested
Capital invested by funds: $219M → $171M (-$47.4M)
30% less call options, than puts
Call options by funds: $153K | Put options by funds: $220K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KSCM
King Street Capital Management
New York
|
+$7.8M |
| 2 |
BlackRock
New York
|
+$4.3M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.03M |
| 4 |
Jane Street
New York
|
+$1.9M |
| 5 |
Two Sigma Investments
New York
|
+$1.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$11.9M |
| 2 |
Goldman Sachs
New York
|
-$7.91M |
| 3 |
JP Morgan Chase
New York
|
-$6.38M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
-$3.98M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$2.99M |
CIG Hedge Fund Activity: Q4 2017 in Review
107 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in CEMIG Preferred Shares (CIG) for Q4 2017, worth a combined $171M — down 22% from $219M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of CIG and 19 opened new positions — a net loss of 2 holders — while 32 trimmed existing stakes and 33 added.
The largest buyer was King Street Capital Management, opening a new position worth an estimated $7.8M. The largest seller was Morgan Stanley, cutting an estimated $11.9M.
- 107 institutional investors held CEMIG Preferred Shares (CIG) as of Q4 2017, down from 109 in Q3 2017.
- Funds reported $171M of CEMIG Preferred Shares stock for Q4 2017, down 22% quarter-over-quarter.
- 19 funds opened new CEMIG Preferred Shares positions in Q4 2017 and 21 closed out, a net change of -2 holders.
- The largest CEMIG Preferred Shares buyer in Q4 2017 was King Street Capital Management, an estimated $7.8M added.
- The largest CEMIG Preferred Shares seller in Q4 2017 was Morgan Stanley, an estimated $11.9M sold.
Based on aggregated 13F filings for Q4 2017.