PG&E
438 hedge funds and large institutions have $18.8B invested in PG&E in 2014 Q2 according to their latest regulatory filings, with 37 funds opening new positions, 169 increasing their positions, 162 reducing their positions, and 44 closing their positions.
17% more capital invested
Capital invested by funds: $16B → $18.8B (+$2.79B)
3.23% more ownership
Funds ownership: 80.86% → 84.09% (+3.2%)
4% more repeat investments, than reductions
Existing positions increased: 169 | Existing positions reduced: 162
2% less call options, than puts
Call options by funds: $39.6M | Put options by funds: $40.4M
2% less funds holding
Funds holding: 449 → 438 (-11)
16% less first-time investments, than exits
New positions opened: 37 | Existing positions closed: 44
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$308M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
+$145M |
| 3 |
Norges Bank
Oslo,
Norway
|
+$129M |
| 4 |
Lazard Asset Management
New York
|
+$114M |
| 5 |
State Street
Boston,
Massachusetts
|
+$93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
-$41M |
| 2 |
ZP
Zimmer Partners
New York
|
-$34.4M |
| 3 |
CBOA
Commonwealth Bank of Australia
Sydney, NSW,
Australia
|
-$33.8M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$33.8M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$33.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JIR
476
James Investment Research
Alpha,
Ohio
| – | -$37K | -860 | Closed |
|
|
AUB
477
Atlantic Union Bankshares
Glen Allen,
Virginia
| – | -$9K | -215 | Closed |
|
|
PAS
478
Partnervest Advisory Services
Santa Barbara,
California
| – | -$9K | -200 | Closed |
|
479
Envestnet Asset Management
Chicago,
Illinois
| – | -$8K | -196 | Closed |
|
|
TFO
480
Tarbox Family Office
Newport Beach,
California
| – | -$2K | -68 | Closed |
|
|
MIM
481
Macroview Investment Management
Bethesda,
Maryland
| – | -$2K | -51 | Closed |
|
|
JWA
482
JFS Wealth Advisors
Hermitage,
Pennsylvania
| – | +$453 | +10 | New |
|
PCG Hedge Fund Activity: Q2 2014 in Review
438 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in PG&E (PCG) for Q2 2014, worth a combined $18.8B — up 17% from $16B a quarter earlier.
Sellers outnumbered buyers: 44 funds closed out of PCG and 37 opened new positions — a net loss of 7 holders — while 162 trimmed existing stakes and 169 added.
The largest buyer was Deutsche Bank, adding an estimated $308M. The largest seller was CIBC Private Wealth Group, cutting an estimated $41M.
- 438 institutional investors held PG&E (PCG) as of Q2 2014, down from 449 in Q1 2014.
- Funds reported $18.8B of PG&E stock for Q2 2014, up 17% quarter-over-quarter.
- 37 funds opened new PG&E positions in Q2 2014 and 44 closed out, a net change of -7 holders.
- The largest PG&E buyer in Q2 2014 was Deutsche Bank, an estimated $308M added.
- The largest PG&E seller in Q2 2014 was CIBC Private Wealth Group, an estimated $41M sold.
Based on aggregated 13F filings for Q2 2014.