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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.

New
Increased
Maintained
Reduced
Closed

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: 11 (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: 109107 (-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

Holders
107
Holders Change
-2
Holders Change %
-1.83%
% of All Funds
2.43%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
19
Increased
33
Reduced
32
Closed
21
Calls
$153K
Puts
$220K
Net Calls
-$67K
Net Calls Change
-$132K
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$20.9M +$4.3M +3,782,722 +24%
Vanguard Group
2
Vanguard Group
Pennsylvania
$17.3M -$53.8K -47,319 -0.3%
PPA
3
Parametric Portfolio Associates
Washington
$13.6M +$2.03M +1,788,427 +16%
Citigroup
4
Citigroup
New York
$9.76M -$2.28M -2,004,960 -18%
PCP
5
Polunin Capital Partners
United Kingdom
$9.33M +$8.93M +7,857,053 New
Bank of America
6
Bank of America
North Carolina
$9.03M -$519K -456,587 -5%
Goldman Sachs
7
Goldman Sachs
New York
$8.49M -$7.91M -6,963,624 -46%
Millennium Management
8
Millennium Management
New York
$7.8M -$2.43M -2,142,967 -22%
Bank of New York Mellon
9
Bank of New York Mellon
New York
$7.4M +$797K +701,703 +11%
KSCM
10
King Street Capital Management
New York
$7.21M +$7.8M +6,866,302 New
ECP
11
Electron Capital Partners
New York
$4.53M +$444K +390,813 +10%
State Street
12
State Street
Massachusetts
$4.29M +$44.9K +39,541 +1%
JP Morgan Chase
13
JP Morgan Chase
New York
$3.65M -$6.38M -5,611,376 -62%
TCMG
14
TSP Capital Management Group
New Jersey
$3.48M +$361K +317,446 +11%
Northern Trust
15
Northern Trust
Illinois
$3.36M -$106K -93,092 -3%
Dimensional Fund Advisors
16
Dimensional Fund Advisors
Texas
$2.62M
AllianceBernstein
17
AllianceBernstein
Tennessee
$2.37M +$561K +493,321 +28%
Morgan Stanley
18
Morgan Stanley
New York
$2.33M -$11.9M -10,464,421 -83%
Bank of Nova Scotia
19
Bank of Nova Scotia
Ontario, Canada
$2.27M
Two Sigma Investments
20
Two Sigma Investments
New York
$2.11M +$1.32M +1,160,425 +136%
FDCDDQ
21
Federation des caisses Desjardins du Quebec
Quebec, Canada
$1.97M +$314K +276,327 +17%
Renaissance Technologies
22
Renaissance Technologies
New York
$1.91M +$28.5K +25,109 +1%
Jane Street
23
Jane Street
New York
$1.77M +$1.9M +1,672,614 New
Grantham, Mayo, Van Otterloo & Co (GMO)
24
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$1.45M -$1.42M -1,250,946 -47%
Barclays
25
Barclays
United Kingdom
$1.45M +$29.1K +25,603 +2%

CIG Hedge Fund Activity: Q4 2017 in Review

107 of the 4,409 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.