PG&E
344 hedge funds and large institutions have $8.51B invested in PG&E in 2019 Q1 according to their latest regulatory filings, with 79 funds opening new positions, 70 increasing their positions, 147 reducing their positions, and 241 closing their positions.
132% more call options, than puts
Call options by funds: $753M | Put options by funds: $324M
62% more funds holding in top 10
Funds holding in top 10: 26 → 42 (+16)
4.83% more ownership
Funds ownership: 85.06% → 89.88% (+4.8%)
19% less capital invested
Capital invested by funds: $10.5B → $8.51B (-$1.96B)
33% less funds holding
Funds holding: 510 → 344 (-166)
52% less repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 147
67% less first-time investments, than exits
New positions opened: 79 | Existing positions closed: 241
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Abrams Capital Management
Boston,
Massachusetts
|
+$404M |
| 2 |
GFA
Gallagher Fiduciary Advisors
Rolling Meadows,
Illinois
|
+$358M |
| 3 |
AL
Appaloosa LP
Short Hills,
New Jersey
|
+$269M |
| 4 |
ACG
Anchorage Capital Group
New York
|
+$226M |
| 5 |
SPC
Silver Point Capital
Greenwich,
Connecticut
|
+$196M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$500M |
| 2 |
Lazard Asset Management
New York
|
-$490M |
| 3 |
State Street
Boston,
Massachusetts
|
-$321M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$160M |
| 5 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
-$155M |
PCG Hedge Fund Activity: Q1 2019 in Review
344 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in PG&E (PCG) for Q1 2019, worth a combined $8.51B — down 19% from $10.5B a quarter earlier.
Sellers outnumbered buyers: 241 funds closed out of PCG and 79 opened new positions — a net loss of 162 holders — while 147 trimmed existing stakes and 70 added.
The largest buyer was Abrams Capital Management, opening a new position worth an estimated $404M. The largest seller was BlackRock, cutting an estimated $500M.
- 344 institutional investors held PG&E (PCG) as of Q1 2019, down from 510 in Q4 2018.
- Funds reported $8.51B of PG&E stock for Q1 2019, down 19% quarter-over-quarter.
- 79 funds opened new PG&E positions in Q1 2019 and 241 closed out, a net change of -162 holders.
- The largest PG&E buyer in Q1 2019 was Abrams Capital Management, an estimated $404M added.
- The largest PG&E seller in Q1 2019 was BlackRock, an estimated $500M sold.
Based on aggregated 13F filings for Q1 2019.