FirstEnergy
623 hedge funds and large institutions have $18B invested in FirstEnergy in 2018 Q3 according to their latest regulatory filings, with 73 funds opening new positions, 227 increasing their positions, 213 reducing their positions, and 46 closing their positions.
80% more call options, than puts
Call options by funds: $84.7M | Put options by funds: $47.2M
59% more first-time investments, than exits
New positions opened: 73 | Existing positions closed: 46
20% more funds holding in top 10
Funds holding in top 10: 15 → 18 (+3)
10% more capital invested
Capital invested by funds: $16.3B → $18B (+$1.64B)
4% more funds holding
Funds holding: 601 → 623 (+22)
3.41% more ownership
Funds ownership: 96.49% → 99.9% (+3.4%)
7% more repeat investments, than reductions
Existing positions increased: 227 | Existing positions reduced: 213
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EM
Elliott Management
New York
|
+$915M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$117M |
| 3 |
Millennium Management
New York
|
+$102M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$90.6M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$83.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
PointState Capital
New York
|
-$196M |
| 2 |
Goldman Sachs
New York
|
-$68.2M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$63.8M |
| 4 |
APG Asset Management
Amsterdam,
Netherlands
|
-$55.6M |
| 5 |
Bank of New York Mellon
New York
|
-$51.4M |
FE Hedge Fund Activity: Q3 2018 in Review
623 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in FirstEnergy (FE) for Q3 2018, worth a combined $18B — up 10% from $16.3B a quarter earlier.
Buyers outnumbered sellers: 73 funds opened new FE positions and 46 closed out — a net gain of 27 holders — while 227 added to existing stakes and 213 trimmed.
The largest buyer was Elliott Management, opening a new position worth an estimated $915M. The largest seller was PointState Capital, exiting entirely with an estimated $196M sold.
- 623 institutional investors held FirstEnergy (FE) as of Q3 2018, up from 601 in Q2 2018.
- Funds reported $18B of FirstEnergy stock for Q3 2018, up 10% quarter-over-quarter.
- 73 funds opened new FirstEnergy positions in Q3 2018 and 46 closed out, a net change of +27 holders.
- The largest FirstEnergy buyer in Q3 2018 was Elliott Management, an estimated $915M added.
- The largest FirstEnergy seller in Q3 2018 was PointState Capital, an estimated $196M sold.
Based on aggregated 13F filings for Q3 2018.