PG&E
385 hedge funds and large institutions have $13.3B invested in PG&E in 2020 Q3 according to their latest regulatory filings, with 100 funds opening new positions, 149 increasing their positions, 66 reducing their positions, and 94 closing their positions.
126% more repeat investments, than reductions
Existing positions increased: 149 | Existing positions reduced: 66
58% more call options, than puts
Call options by funds: $530M | Put options by funds: $334M
39% more capital invested
Capital invested by funds: $9.54B → $13.3B (+$3.73B)
6% more first-time investments, than exits
New positions opened: 100 | Existing positions closed: 94
1% more funds holding
Funds holding: 383 → 385 (+2)
33% less funds holding in top 10
Funds holding in top 10: 61 → 41 (-20)
129.88% less ownership
Funds ownership: 202.66% → 72.79% (-130%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TP
Third Point
New York
|
+$787M |
| 2 |
AL
Appaloosa LP
Short Hills,
New Jersey
|
+$666M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$491M |
| 4 |
BlackRock
New York
|
+$428M |
| 5 |
Capital Research Global Investors
Los Angeles,
California
|
+$369M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$136M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$101M |
| 3 |
SFM
Soros Fund Management
New York
|
-$95.7M |
| 4 |
LM
Luminus Management
Houston,
Texas
|
-$95.5M |
| 5 |
Capital International Investors
Los Angeles,
California
|
-$89.5M |
PCG Hedge Fund Activity: Q3 2020 in Review
385 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in PG&E (PCG) for Q3 2020, worth a combined $13.3B — up 39% from $9.54B a quarter earlier.
Buyers outnumbered sellers: 100 funds opened new PCG positions and 94 closed out — a net gain of 6 holders — while 149 added to existing stakes and 66 trimmed.
The largest buyer was Third Point, opening a new position worth an estimated $787M. The largest seller was Millennium Management, cutting an estimated $136M.
- 385 institutional investors held PG&E (PCG) as of Q3 2020, up from 383 in Q2 2020.
- Funds reported $13.3B of PG&E stock for Q3 2020, up 39% quarter-over-quarter.
- 100 funds opened new PG&E positions in Q3 2020 and 94 closed out, a net change of +6 holders.
- The largest PG&E buyer in Q3 2020 was Third Point, an estimated $787M added.
- The largest PG&E seller in Q3 2020 was Millennium Management, an estimated $136M sold.
Based on aggregated 13F filings for Q3 2020.