PG&E
627 hedge funds and large institutions have $18.7B invested in PG&E in 2017 Q4 according to their latest regulatory filings, with 158 funds opening new positions, 187 increasing their positions, 210 reducing their positions, and 127 closing their positions.
113% more funds holding in top 10
Funds holding in top 10: 8 → 17 (+9)
24% more first-time investments, than exits
New positions opened: 158 | Existing positions closed: 127
4% more funds holding
Funds holding: 601 → 627 (+26)
0.8% less ownership
Funds ownership: 82.17% → 81.37% (-0.8%)
11% less repeat investments, than reductions
Existing positions increased: 187 | Existing positions reduced: 210
35% less capital invested
Capital invested by funds: $28.7B → $18.7B (-$9.98B)
51% less call options, than puts
Call options by funds: $85.2M | Put options by funds: $174M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lazard Asset Management
New York
|
+$395M |
| 2 |
BlackRock
New York
|
+$327M |
| 3 |
Two Sigma Advisers
New York
|
+$297M |
| 4 |
Capital International Investors
Los Angeles,
California
|
+$246M |
| 5 |
Two Sigma Investments
New York
|
+$208M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$823M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$478M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
-$296M |
| 4 |
Jennison Associates
New York
|
-$269M |
| 5 |
Boston Partners
Boston,
Massachusetts
|
-$248M |
PCG Hedge Fund Activity: Q4 2017 in Review
627 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in PG&E (PCG) for Q4 2017, worth a combined $18.7B — down 35% from $28.7B a quarter earlier.
Buyers outnumbered sellers: 158 funds opened new PCG positions and 127 closed out — a net gain of 31 holders — while 187 added to existing stakes and 210 trimmed.
The largest buyer was Lazard Asset Management, adding an estimated $395M. The largest seller was T. Rowe Price Associates, cutting an estimated $823M.
- 627 institutional investors held PG&E (PCG) as of Q4 2017, up from 601 in Q3 2017.
- Funds reported $18.7B of PG&E stock for Q4 2017, down 35% quarter-over-quarter.
- 158 funds opened new PG&E positions in Q4 2017 and 127 closed out, a net change of +31 holders.
- The largest PG&E buyer in Q4 2017 was Lazard Asset Management, an estimated $395M added.
- The largest PG&E seller in Q4 2017 was T. Rowe Price Associates, an estimated $823M sold.
Based on aggregated 13F filings for Q4 2017.