PG&E Corporation
PCGU
PCGU was delisted on the 15th of August, 2023.
56 hedge funds and large institutions have $1.8B invested in PG&E Corporation in 2020 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 22 increasing their positions, 13 reducing their positions, and 5 closing their positions.
69% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 13
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
31% more capital invested
Capital invested by funds: $1.37B → $1.8B (+$426M)
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
4% more funds holding
Funds holding: 54 → 56 (+2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Verition Fund Management
Greenwich,
Connecticut
|
+$114M |
| 2 |
AAI
Aequim Alternative Investments
Mill Valley,
California
|
+$43.7M |
| 3 |
D.E. Shaw & Co
New York
|
+$33.5M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$22.4M |
| 5 |
BlackRock
New York
|
+$20.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACG
Anchorage Capital Group
New York
|
-$131M |
| 2 |
PCM
Pentwater Capital Management
Naples,
Florida
|
-$25.4M |
| 3 |
Millennium Management
New York
|
-$23M |
| 4 |
Goldman Sachs
New York
|
-$12.8M |
| 5 |
MSU
Mizuho Securities USA
New York
|
-$9.31M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BAM
51
Blueshift Asset Management
Red Bank,
New Jersey
| $863K | -$294K | -2,594 | -27% |
|
|
CS
52
Credit Suisse
Zurich,
Switzerland
| $860K | -$114K | -1,000 | -13% |
|
53
Invesco
Atlanta,
Georgia
| $700K | – | – | – |
|
54
SEI Investments
Oaks,
Pennsylvania
| $495K | – | – | – |
|
|
BMCM
55
Black Maple Capital Management
Milwaukee,
Wisconsin
| $491K | – | – | – |
|
56
Royal Bank of Canada
Toronto,
Ontario, Canada
| $271K | – | – | – |
|
57
UBS Group
Zurich,
Switzerland
| $37K | +$33.9K | +299 | New |
|
58
Citigroup
New York
| $22K | – | – | – |
|
|
LP
59
LMR Partners
London,
United Kingdom
| – | -$407K | -415,000 | Closed |
|
|
PCM
60
Pentwater Capital Management
Naples,
Florida
| – | -$25.4M | -258,800 | Closed |
|
|
61
Goldman Sachs
New York
| – | -$12.8M | -130,521 | Closed |
|
|
CM
62
Crestline Management
Fort Worth,
Texas
| – | -$2.45M | -25,000 | Closed |
|
63
Jane Street
New York
| – | -$435K | -4,432 | Closed |
|
PCGU Hedge Fund Activity: Q4 2020 in Review
56 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in PG&E Corporation (PCGU) for Q4 2020, worth a combined $1.8B — up 31% from $1.37B a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new PCGU positions and 5 closed out — a net gain of 2 holders — while 22 added to existing stakes and 13 trimmed.
The largest buyer was Verition Fund Management, opening a new position worth an estimated $114M. The largest seller was Anchorage Capital Group, cutting an estimated $131M.
- 56 institutional investors held PG&E Corporation (PCGU) as of Q4 2020, up from 54 in Q3 2020.
- Funds reported $1.8B of PG&E Corporation stock for Q4 2020, up 31% quarter-over-quarter.
- 7 funds opened new PG&E Corporation positions in Q4 2020 and 5 closed out, a net change of +2 holders.
- The largest PG&E Corporation buyer in Q4 2020 was Verition Fund Management, an estimated $114M added.
- The largest PG&E Corporation seller in Q4 2020 was Anchorage Capital Group, an estimated $131M sold.
Based on aggregated 13F filings for Q4 2020.