PG&E
600 hedge funds and large institutions have $28.5B invested in PG&E in 2017 Q3 according to their latest regulatory filings, with 47 funds opening new positions, 233 increasing their positions, 188 reducing their positions, and 51 closing their positions.
95% more call options, than puts
Call options by funds: $22.1M | Put options by funds: $11.4M
24% more repeat investments, than reductions
Existing positions increased: 233 | Existing positions reduced: 188
2% more capital invested
Capital invested by funds: $27.8B → $28.5B (+$652M)
0.47% less ownership
Funds ownership: 82.06% → 81.59% (-0.47%)
8% less first-time investments, than exits
New positions opened: 47 | Existing positions closed: 51
1% less funds holding
Funds holding: 609 → 600 (-9)
33% less funds holding in top 10
Funds holding in top 10: 12 → 8 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$154M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
+$141M |
| 3 |
APG Asset Management
Amsterdam,
Netherlands
|
+$133M |
| 4 |
Capital International Investors
Los Angeles,
California
|
+$72.7M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$64.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$209M |
| 2 |
JP Morgan Chase
New York
|
-$119M |
| 3 |
Millennium Management
New York
|
-$118M |
| 4 |
Nordea Investment Management
Stockholm,
Sweden
|
-$85.9M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$83.7M |
PCG Hedge Fund Activity: Q3 2017 in Review
600 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in PG&E (PCG) for Q3 2017, worth a combined $28.5B — up 2.3% from $27.8B a quarter earlier.
Sellers outnumbered buyers: 51 funds closed out of PCG and 47 opened new positions — a net loss of 4 holders — while 188 trimmed existing stakes and 233 added.
The largest buyer was BlackRock, adding an estimated $154M. The largest seller was Brookfield Corp, exiting entirely with an estimated $209M sold.
- 600 institutional investors held PG&E (PCG) as of Q3 2017, down from 609 in Q2 2017.
- Funds reported $28.5B of PG&E stock for Q3 2017, up 2.3% quarter-over-quarter.
- 47 funds opened new PG&E positions in Q3 2017 and 51 closed out, a net change of -4 holders.
- The largest PG&E buyer in Q3 2017 was BlackRock, an estimated $154M added.
- The largest PG&E seller in Q3 2017 was Brookfield Corp, an estimated $209M sold.
Based on aggregated 13F filings for Q3 2017.