PG&E
303 hedge funds and large institutions have $4.75B invested in PG&E in 2019 Q4 according to their latest regulatory filings, with 62 funds opening new positions, 95 increasing their positions, 83 reducing their positions, and 81 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 95 | Existing positions reduced: 83
1% less capital invested
Capital invested by funds: $4.8B → $4.75B (-$53.8M)
9% less call options, than puts
Call options by funds: $433M | Put options by funds: $477M
8% less funds holding
Funds holding: 328 → 303 (-25)
8.2% less ownership
Funds ownership: 90.73% → 82.53% (-8.2%)
19% less funds holding in top 10
Funds holding in top 10: 31 → 25 (-6)
23% less first-time investments, than exits
New positions opened: 62 | Existing positions closed: 81
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Pentwater Capital Management
Naples,
Florida
|
+$105M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$76.1M |
| 3 |
SPC
Silver Point Capital
Greenwich,
Connecticut
|
+$53.8M |
| 4 |
Goldman Sachs
New York
|
+$42.8M |
| 5 |
OCAM
Owl Creek Asset Management
New York
|
+$36.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$126M |
| 2 |
AIM
Assured Investment Management
New York
|
-$124M |
| 3 |
EC
Eminence Capital
New York
|
-$74.8M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$66.6M |
| 5 |
DKCM
Davidson Kempner Capital Management
New York
|
-$54.4M |
PCG Hedge Fund Activity: Q4 2019 in Review
303 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in PG&E (PCG) for Q4 2019, worth a combined $4.75B — down 1.1% from $4.8B a quarter earlier.
Sellers outnumbered buyers: 81 funds closed out of PCG and 62 opened new positions — a net loss of 19 holders — while 83 trimmed existing stakes and 95 added.
The largest buyer was Pentwater Capital Management, adding an estimated $105M. The largest seller was Fidelity Investments, cutting an estimated $126M.
- 303 institutional investors held PG&E (PCG) as of Q4 2019, down from 328 in Q3 2019.
- Funds reported $4.75B of PG&E stock for Q4 2019, down 1.1% quarter-over-quarter.
- 62 funds opened new PG&E positions in Q4 2019 and 81 closed out, a net change of -19 holders.
- The largest PG&E buyer in Q4 2019 was Pentwater Capital Management, an estimated $105M added.
- The largest PG&E seller in Q4 2019 was Fidelity Investments, an estimated $126M sold.
Based on aggregated 13F filings for Q4 2019.