PG&E
881 hedge funds and large institutions have $34.6B invested in PG&E in 2025 Q4 according to their latest regulatory filings, with 155 funds opening new positions, 386 increasing their positions, 234 reducing their positions, and 84 closing their positions.
85% more first-time investments, than exits
New positions opened: 155 | Existing positions closed: 84
75% more call options, than puts
Call options by funds: $533M | Put options by funds: $305M
65% more repeat investments, than reductions
Existing positions increased: 386 | Existing positions reduced: 234
19.77% more ownership
Funds ownership: 78% → 97.77% (+20%)
10% more capital invested
Capital invested by funds: $31.5B → $34.6B (+$3.03B)
6% more funds holding
Funds holding: 829 → 881 (+52)
0% more funds holding in top 10
Funds holding in top 10: 20 → 20 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$451M |
| 2 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$279M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$189M |
| 4 |
ClearBridge Investments
New York
|
+$173M |
| 5 |
Millennium Management
New York
|
+$157M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$581M |
| 2 |
Capital International Investors
Los Angeles,
California
|
-$364M |
| 3 |
TP
Third Point
New York
|
-$252M |
| 4 |
Squarepoint
New York
|
-$154M |
| 5 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$125M |
PCG Hedge Fund Activity: Q4 2025 in Review
881 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in PG&E (PCG) for Q4 2025, worth a combined $34.6B — up 9.6% from $31.5B a quarter earlier.
Buyers outnumbered sellers: 155 funds opened new PCG positions and 84 closed out — a net gain of 71 holders — while 386 added to existing stakes and 234 trimmed.
The largest buyer was AQR Capital Management, adding an estimated $451M. The largest seller was Capital Research Global Investors, cutting an estimated $581M.
- 881 institutional investors held PG&E (PCG) as of Q4 2025, up from 829 in Q3 2025.
- Funds reported $34.6B of PG&E stock for Q4 2025, up 9.6% quarter-over-quarter.
- 155 funds opened new PG&E positions in Q4 2025 and 84 closed out, a net change of +71 holders.
- The largest PG&E buyer in Q4 2025 was AQR Capital Management, an estimated $451M added.
- The largest PG&E seller in Q4 2025 was Capital Research Global Investors, an estimated $581M sold.
Based on aggregated 13F filings for Q4 2025.