CEMIG Preferred Shares
163 hedge funds and large institutions have $404M invested in CEMIG Preferred Shares in 2022 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 64 increasing their positions, 42 reducing their positions, and 15 closing their positions.
107% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 15
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
52% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 42
9% more funds holding
Funds holding: 149 → 163 (+14)
3.7% less ownership
Funds ownership: 21.05% → 17.34% (-3.7%)
21% less capital invested
Capital invested by funds: $511M → $404M (-$107M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$16.6M |
| 2 |
TCMG
TSP Capital Management Group
Summit,
New Jersey
|
+$15.5M |
| 3 |
Millennium Management
New York
|
+$13.8M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$12.9M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$12.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$151M |
| 2 |
Goldman Sachs
New York
|
-$28.8M |
| 3 |
CGH
Crossmark Global Holdings
Houston,
Texas
|
-$7.14M |
| 4 |
National Bank of Canada
Montreal,
Quebec, Canada
|
-$3.32M |
| 5 |
Amundi
Paris,
France
|
-$1.65M |
CIG Hedge Fund Activity: Q4 2022 in Review
163 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in CEMIG Preferred Shares (CIG) for Q4 2022, worth a combined $404M — down 21% from $511M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new CIG positions and 15 closed out — a net gain of 16 holders — while 64 added to existing stakes and 42 trimmed.
The largest buyer was Bank of America, adding an estimated $16.6M. The largest seller was BlackRock, cutting an estimated $151M.
- 163 institutional investors held CEMIG Preferred Shares (CIG) as of Q4 2022, up from 149 in Q3 2022.
- Funds reported $404M of CEMIG Preferred Shares stock for Q4 2022, down 21% quarter-over-quarter.
- 31 funds opened new CEMIG Preferred Shares positions in Q4 2022 and 15 closed out, a net change of +16 holders.
- The largest CEMIG Preferred Shares buyer in Q4 2022 was Bank of America, an estimated $16.6M added.
- The largest CEMIG Preferred Shares seller in Q4 2022 was BlackRock, an estimated $151M sold.
Based on aggregated 13F filings for Q4 2022.