PG&E
294 hedge funds and large institutions have $3.86B invested in PG&E in 2020 Q1 according to their latest regulatory filings, with 48 funds opening new positions, 78 increasing their positions, 88 reducing their positions, and 52 closing their positions.
16% more funds holding in top 10
Funds holding in top 10: 25 → 29 (+4)
8% less first-time investments, than exits
New positions opened: 48 | Existing positions closed: 52
1.42% less ownership
Funds ownership: 82.53% → 81.11% (-1.4%)
3% less funds holding
Funds holding: 303 → 294 (-9)
11% less repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 88
19% less capital invested
Capital invested by funds: $4.75B → $3.86B (-$888M)
21% less call options, than puts
Call options by funds: $226M | Put options by funds: $285M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$170M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$121M |
| 3 |
ZP
Zimmer Partners
New York
|
+$110M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$84.6M |
| 5 |
SHCM
Sachem Head Capital Management
New York
|
+$67.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BG
Baupost Group
Boston,
Massachusetts
|
-$122M |
| 2 |
NM
Nokota Management
New York
|
-$83.3M |
| 3 |
AL
Appaloosa LP
Short Hills,
New Jersey
|
-$80.5M |
| 4 |
PC
PointState Capital
New York
|
-$79.9M |
| 5 |
D.E. Shaw & Co
New York
|
-$79M |
PCG Hedge Fund Activity: Q1 2020 in Review
294 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in PG&E (PCG) for Q1 2020, worth a combined $3.86B — down 19% from $4.75B a quarter earlier.
Sellers outnumbered buyers: 52 funds closed out of PCG and 48 opened new positions — a net loss of 4 holders — while 88 trimmed existing stakes and 78 added.
The largest buyer was Bank of America, adding an estimated $170M. The largest seller was Baupost Group, cutting an estimated $122M.
- 294 institutional investors held PG&E (PCG) as of Q1 2020, down from 303 in Q4 2019.
- Funds reported $3.86B of PG&E stock for Q1 2020, down 19% quarter-over-quarter.
- 48 funds opened new PG&E positions in Q1 2020 and 52 closed out, a net change of -4 holders.
- The largest PG&E buyer in Q1 2020 was Bank of America, an estimated $170M added.
- The largest PG&E seller in Q1 2020 was Baupost Group, an estimated $122M sold.
Based on aggregated 13F filings for Q1 2020.