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PG&E
PCG

827 hedge funds and large institutions have $31.5B invested in PG&E in 2025 Q3 according to their latest regulatory filings, with 152 funds opening new positions, 320 increasing their positions, 266 reducing their positions, and 76 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more call options, than puts

Call options by funds: $1.67B | Put options by funds: $555M

100% more first-time investments, than exits

New positions opened: 152 | Existing positions closed: 76

20% more repeat investments, than reductions

Existing positions increased: 320 | Existing positions reduced: 266

9% more funds holding

Funds holding: 757 → 827 (+70)

8% more capital invested

Capital invested by funds: $29.2B → $31.5B (+$2.3B)

5% more funds holding in top 10

Funds holding in top 10: 19 → 20 (+1)

0.3% less ownership

Funds ownership: 78.3% → 78% (-0.3%)

Holders
827
Holders Change
+70
Holders Change %
+9.25%
% of All Funds
10.85%
Holding in Top 10
20
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+5.26%
% of All Funds
0.26%
New
152
Increased
320
Reduced
266
Closed
76
Calls
$1.67B
Puts
$555M
Net Calls
+$1.11B
Net Calls Change
+$615M

Top Buyers

1
Capital Research Global Investors
Capital Research Global Investors
California
+$461M
2
AQR Capital Management
AQR Capital Management
Connecticut
+$320M
3
BCM
BlueCrest Capital Management
Jersey
+$144M
4
Barrow, Hanley, Mewhinney & Strauss
Barrow, Hanley, Mewhinney & Strauss
Texas
+$136M
5
RCMU
Rokos Capital Management (UK)
United Kingdom
+$99.6M

Top Sellers

1
JP Morgan Chase
JP Morgan Chase
New York
-$349M
2
Capital International Investors
Capital International Investors
California
-$188M
3
Millennium Management
Millennium Management
New York
-$181M
4
Citadel Advisors
Citadel Advisors
Florida
-$145M
5
BlackRock
BlackRock
New York
-$114M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$3.94B +$9.02M +618,408 +0.2%
BlackRock
2
BlackRock
New York
$2.99B -$114M -7,817,779 -4%
Massachusetts Financial Services
3
Massachusetts Financial Services
Massachusetts
$1.86B +$12.7M +869,980 +0.7%
Fidelity Investments
4
Fidelity Investments
Massachusetts
$1.86B -$87.7M -6,009,884 -5%
State Street
5
State Street
Massachusetts
$1.79B +$14.5M +992,672 +0.8%
Capital Research Global Investors
6
Capital Research Global Investors
California
$1.04B +$461M +31,613,248 +85%
Geode Capital Management
7
Geode Capital Management
Massachusetts
$936M +$42.6M +2,922,040 +5%
TP
8
Third Point
New York
$756M -$14.6M -1,000,000 -2%
AQR Capital Management
9
AQR Capital Management
Connecticut
$703M +$320M +21,912,919 +89%
Deutsche Bank
10
Deutsche Bank
Germany
$604M -$47.6M -3,264,404 -8%
T. Rowe Price Associates
11
T. Rowe Price Associates
Maryland
$557M -$8.05M -551,856 -1%
Ameriprise
12
Ameriprise
Minnesota
$544M -$9.58M -656,841 -2%
Capital International Investors
13
Capital International Investors
California
$536M -$188M -12,884,953 -27%
JP Morgan Chase
14
JP Morgan Chase
New York
$510M -$349M -23,960,148 -41%
SC
15
Sessa Capital
New York
$371M – – –
Legal & General Group
16
Legal & General Group
United Kingdom
$354M +$16.2M +1,110,111 +5%
Bank of America
17
Bank of America
North Carolina
$353M +$25.1M +1,724,356 +8%
Canada Pension Plan Investment Board
18
Canada Pension Plan Investment Board
Ontario, Canada
$331M +$31.6M +2,168,531 +11%
GFA
19
Gallagher Fiduciary Advisors
Illinois
$302M -$7.4M -507,543 -2%
Franklin Resources
20
Franklin Resources
California
$299M -$11.5M -789,947 -4%
Northern Trust
21
Northern Trust
Illinois
$286M +$7.88M +540,367 +3%
Pictet Asset Management
22
Pictet Asset Management
Switzerland
$275M +$38.2M +2,620,672 +17%
Morgan Stanley
23
Morgan Stanley
New York
$251M -$16.2M -1,107,775 -6%
Invesco
24
Invesco
Georgia
$248M -$3.9M -267,564 -2%
Wellington Management Group
25
Wellington Management Group
Massachusetts
$229M +$38.5M +2,640,762 +21%
1
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PCG Hedge Fund Activity: Q3 2025 in Review

827 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in PG&E (PCG) for Q3 2025, worth a combined $31.5B — up 7.9% from $29.2B a quarter earlier.

Buyers outnumbered sellers: 152 funds opened new PCG positions and 76 closed out — a net gain of 76 holders — while 320 added to existing stakes and 266 trimmed.

The largest buyer was Capital Research Global Investors, adding an estimated $461M. The largest seller was JP Morgan Chase, cutting an estimated $349M.

  • 827 institutional investors held PG&E (PCG) as of Q3 2025, up from 757 in Q2 2025.
  • Funds reported $31.5B of PG&E stock for Q3 2025, up 7.9% quarter-over-quarter.
  • 152 funds opened new PG&E positions in Q3 2025 and 76 closed out, a net change of +76 holders.
  • The largest PG&E buyer in Q3 2025 was Capital Research Global Investors, an estimated $461M added.
  • The largest PG&E seller in Q3 2025 was JP Morgan Chase, an estimated $349M sold.

Based on aggregated 13F filings for Q3 2025.