PG&E
444 hedge funds and large institutions have $14.3B invested in PG&E in 2013 Q3 according to their latest regulatory filings, with 50 funds opening new positions, 166 increasing their positions, 149 reducing their positions, and 36 closing their positions.
116% more call options, than puts
Call options by funds: $18.5M | Put options by funds: $8.59M
39% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 36
11% more repeat investments, than reductions
Existing positions increased: 166 | Existing positions reduced: 149
2% more funds holding
Funds holding: 434 → 444 (+10)
1.24% more ownership
Funds ownership: 77.45% → 78.68% (+1.2%)
8% less capital invested
Capital invested by funds: $15.7B → $14.3B (-$1.32B)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$210M |
| 2 |
Franklin Resources
San Mateo,
California
|
+$161M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$95.7M |
| 4 |
Lazard Asset Management
New York
|
+$79.5M |
| 5 |
Adage Capital Partners
Boston,
Massachusetts
|
+$61.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$261M |
| 2 |
Norges Bank
Oslo,
Norway
|
-$56.8M |
| 3 |
PAMU
Pictet Asset Management (UK)
London,
United Kingdom
|
-$47.8M |
| 4 |
LCS
Levin Capital Strategies
New York
|
-$43.3M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$34.4M |
PCG Hedge Fund Activity: Q3 2013 in Review
444 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in PG&E (PCG) for Q3 2013, worth a combined $14.3B — down 8.5% from $15.7B a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new PCG positions and 36 closed out — a net gain of 14 holders — while 166 added to existing stakes and 149 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $210M. The largest seller was Fidelity Investments, cutting an estimated $261M.
- 444 institutional investors held PG&E (PCG) as of Q3 2013, up from 434 in Q2 2013.
- Funds reported $14.3B of PG&E stock for Q3 2013, down 8.5% quarter-over-quarter.
- 50 funds opened new PG&E positions in Q3 2013 and 36 closed out, a net change of +14 holders.
- The largest PG&E buyer in Q3 2013 was T. Rowe Price Associates, an estimated $210M added.
- The largest PG&E seller in Q3 2013 was Fidelity Investments, an estimated $261M sold.
Based on aggregated 13F filings for Q3 2013.