FirstEnergy
612 hedge funds and large institutions have $12.4B invested in FirstEnergy in 2020 Q3 according to their latest regulatory filings, with 119 funds opening new positions, 198 increasing their positions, 224 reducing their positions, and 147 closing their positions.
75% more funds holding in top 10
Funds holding in top 10: 12 → 21 (+9)
4% more call options, than puts
Call options by funds: $120M | Put options by funds: $116M
4.56% less ownership
Funds ownership: 84.97% → 80.41% (-4.6%)
5% less funds holding
Funds holding: 644 → 612 (-32)
12% less repeat investments, than reductions
Existing positions increased: 198 | Existing positions reduced: 224
19% less first-time investments, than exits
New positions opened: 119 | Existing positions closed: 147
30% less capital invested
Capital invested by funds: $17.7B → $12.4B (-$5.27B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$371M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$172M |
| 3 |
DKCM
Davidson Kempner Capital Management
New York
|
+$167M |
| 4 |
FTCM
Fir Tree Capital Management
New York
|
+$137M |
| 5 |
EC
ECP ControlCo
Summit,
New Jersey
|
+$117M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$811M |
| 2 |
BlackRock
New York
|
-$600M |
| 3 |
Renaissance Technologies
New York
|
-$247M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$140M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
-$136M |
FE Hedge Fund Activity: Q3 2020 in Review
612 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in FirstEnergy (FE) for Q3 2020, worth a combined $12.4B — down 30% from $17.7B a quarter earlier.
Sellers outnumbered buyers: 147 funds closed out of FE and 119 opened new positions — a net loss of 28 holders — while 224 trimmed existing stakes and 198 added.
The largest buyer was Wellington Management Group, adding an estimated $371M. The largest seller was Massachusetts Financial Services, cutting an estimated $811M.
- 612 institutional investors held FirstEnergy (FE) as of Q3 2020, down from 644 in Q2 2020.
- Funds reported $12.4B of FirstEnergy stock for Q3 2020, down 30% quarter-over-quarter.
- 119 funds opened new FirstEnergy positions in Q3 2020 and 147 closed out, a net change of -28 holders.
- The largest FirstEnergy buyer in Q3 2020 was Wellington Management Group, an estimated $371M added.
- The largest FirstEnergy seller in Q3 2020 was Massachusetts Financial Services, an estimated $811M sold.
Based on aggregated 13F filings for Q3 2020.