PG&E CORP PCG
COM · Common Stock · CUSIP 69331C108 · ISIN US69331C1080
Parent and holding company of Pacific Gas and Electric Company
- SectorUtilities
- IndustryElectric & Other Services Combined
- HeadquartersOakland, CA
- Founded1995
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($239.4m this quarter). Holder counts are more reliable. Shares outstanding: 2.7bn as of 2026-07-15, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $16.69. Options: 44 managers hold calls ($1.8bn notional), 39 hold puts ($265.5m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 442 |
| Q4 2022 | 524 |
| Q1 2023 | 543 |
| Q2 2023 | 560 |
| Q3 2023 | 599 |
| Q4 2023 | 636 |
| Q1 2024 | 657 |
| Q2 2024 | 662 |
| Q3 2024 | 679 |
| Q4 2024 | 733 |
| Q1 2025 | 753 |
| Q2 2025 | 761 |
| Q3 2025 | 832 |
| Q4 2025 | 882 |
| Q1 2026 | 909 |
| Q2 2026 | 935 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 371 | 266 |
| Q4 2024 | 421 | 237 |
| Q1 2025 | 428 | 339 |
| Q2 2025 | 422 | 335 |
| Q3 2025 | 464 | 338 |
| Q4 2025 | 488 | 321 |
| Q1 2026 | 530 | 343 |
| Q2 2026 | 508 | 387 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $1.7bn | $562.6m | 0.34 |
| Q4 2025 | $532.8m | $285.6m | 0.54 |
| Q1 2026 | $371.9m | $176.0m | 0.47 |
| Q2 2026 | $1.8bn | $265.5m | 0.14 |
Biggest buyers
| Gallagher Fiduciary Advisors, LLC | Added | +20.1m |
| TWO SIGMA INVESTMENTS, LP | Added | +12.5m |
| BlackRock, Inc. | Added | +7.6m |
| Bridgewater Associates, LP | Added | +5.9m |
| MORGAN STANLEY | Added | +5.2m |
| ROYAL BANK OF CANADA | Added | +4.1m |
| JPMORGAN CHASE & CO | Added | +3.8m |
| Zimmer Partners, LP | Added | +3.5m |
| BANK OF NOVA SCOTIA | Added | +3.0m |
| MACKENZIE FINANCIAL CORP | Added | +3.0m |
Biggest sellers
| VAN ECK ASSOCIATES CORP | Reduced | -14.5m |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | Reduced | -10.2m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -7.9m |
| Brookfield Corp /ON/ | Reduced | -6.0m |
| Clearbridge Investments, LLC | Reduced | -6.0m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -5.8m |
| Capital Research Global Investors | Reduced | -5.4m |
| Point72 Asset Management, L.P. | Reduced | -5.1m |
| Qube Research & Technologies Ltd | Reduced | -5.1m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -3.7m |
Biggest calls
| PointState Capital LP | New | $529.8m31.5m shares |
| NOMURA HOLDINGS INC | Added | $310.6m18.5m shares |
| JANE STREET GROUP, LLC | Added | $187.0m11.1m shares |
| 140 Summer Partners LP | New | $143.8m8.6m shares |
| CITIGROUP INC | Added | $102.9m6.1m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $88.8m5.3m shares |
| CITADEL ADVISORS LLC | Added | $72.1m4.3m shares |
| Zimmer Partners, LP | Added | $54.7m3.2m shares |
| Balyasny Asset Management L.P. | New | $50.6m3.0m shares |
| UBS Group AG | Added | $44.5m2.6m shares |
Biggest puts
| Portman Square Capital LLP | Reduced | $52.2m3.1m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $41.2m2.4m shares |
| NOMURA HOLDINGS INC | New | $30.2m1.8m shares |
| JANE STREET GROUP, LLC | Added | $22.4m1.3m shares |
| Walleye Trading LLC | Reduced | $14.9m883.7k shares |
| CITADEL ADVISORS LLC | Added | $14.4m857.5k shares |
| UBS Group AG | Added | $13.3m792.8k shares |
| SIMPLEX TRADING, LLC | Added | $10.1m603.2k shares |
| Hudson Bay Capital Management LP | New | $8.4m500.0k shares |
| Caption Management, LLC | New | $8.4m500.0k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-04-25 | 8.1% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.4% |
| FMR LLC 13G · institution -1.1 pts · filed 2025-08-06 | 6.0% |
| STATE STREET CORP 13G · institution +1.0 pts · filed 2025-05-13 | 5.2% |
| PointState Capital LP 13G · passive investor new · filed 2026-09-04 | 5.1% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-07-31 | 5.0% |
Fell to 5% or below in the last year: MASSACHUSETTS FINANCIAL SERVICES CO /MA/ (4.7%, 2026-08-12), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 1 | $1.1m | $1.1m |
| Q1 2025 | 5 | $321.9k | 2 | $775.3k | $775.3k |
| Q2 2025 | 0 | — | 1 | $562.6k | $562.6k |
| Q3 2025 | 0 | — | 1 | $106.0k | — |
| Q4 2025 | 1 | $119.7k | 0 | — | — |
| Q1 2026 | 0 | — | 5 | $3.1m | $3.1m |
| Q2 2026 | 0 | — | 4 | $1.8m | $1.1m |
| Q3 2026 | 0 | — | 2 | $111.9k | $111.9k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-04 | Fugate William Craig Director | Sold plan | $89.4k6.5k shares |
| 2026-07-22 | Santos Marlene EVP, Enterprise Transformation | Sold plan | $2.8m158.2k shares |
| 2026-07-22 | Cooper Kerry Whorton Director | Sold plan | $22.5k1.2k shares |
| 2026-06-15 | Peterman Carla J President, EVP Cust&Corp Afrs | Sold plan | $530.2k31.8k shares |
| 2026-06-02 | Cooper Kerry Whorton Director | Sold plan | $20.6k1.2k shares |
| 2026-04-28 | Glickman Jason M EVP, Strategy and Growth | Sold | $772.8k47.3k shares |
| 2026-04-28 | Poppe Patricia K Chief Executive Officer, director · Held by Patricia K. Poppe Revocable Living Trust | Sold plan | $512.2k31.2k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.05% of their portfolio | 203.1m $3.4bn | Added +7.6m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 142.0m $2.4bn | Added +972.8k |
| STATE STREET CORP 0.06% of their portfolio | 128.5m $2.2bn | Added +2.6m |
| FMR LLC 0.09% of their portfolio | 119.6m $2.0bn | Added +484.1k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.08% of their portfolio | 110.9m $1.9bn | Added +1.8m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.54% of their portfolio | 101.5m $1.7bn | Reduced -7.9m |
| AQR CAPITAL MANAGEMENT LLC 0.51% of their portfolio | 86.3m $1.5bn | Added +49.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 67.0m $1.2bn | Added +2.0m |
| DEUTSCHE BANK AG\ 0.20% of their portfolio | 40.2m $676.2m | Reduced -3.7m |
| Gallagher Fiduciary Advisors, LLC 9.90% of their portfolio | 38.6m $300.9m | Added +20.1m |
| AMERIPRISE FINANCIAL INC 0.13% of their portfolio | 36.8m $618.6m | Added +1.7m |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 32.2m $554.3m | Added +3.8m |
| NORGES BANK 0.05% of their portfolio | 32.0m $538.2m | Not comparable |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.05% of their portfolio | 29.9m $503.0m | Reduced -1.5m |
| Sessa Capital IM, L.P. 7.15% of their portfolio | 24.6m $413.4m | Unchanged |
| FRANKLIN RESOURCES INC 0.09% of their portfolio | 24.5m $411.6m | Added +2.9m |
| Legal & General Group Plc 0.08% of their portfolio | 23.7m $398.9m | Reduced -172.4k |
| MORGAN STANLEY 0.02% of their portfolio | 23.3m $392.2m | Added +5.2m |
| PointState Capital LP 6.00% of their portfolio | 20.3m $341.0m | Reduced -1.2m |
| Clearbridge Investments, LLC 0.28% of their portfolio | 20.0m $336.0m | Reduced -6.0m |
| TWO SIGMA INVESTMENTS, LP 0.25% of their portfolio | 19.5m $328.2m | Added +12.5m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.18% of their portfolio | 19.1m $320.8m | Reduced -1.2m |
| Invesco Ltd. 0.03% of their portfolio | 18.8m $316.3m | Added +1.7m |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.95% of their portfolio | 18.7m $314.9m | Reduced -10.2m |
| NORTHERN TRUST CORP 0.04% of their portfolio | 18.4m $308.9m | Added +149.8k |
| HSBC HOLDINGS PLC 0.14% of their portfolio | 17.6m $296.1m | Reduced -1.3m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 15.7m $263.5m | Added +442.9k |
| ATLAS Infrastructure Partners (UK) Ltd. 7.97% of their portfolio | 15.6m $262.9m | Added +2.3m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 14.9m $250.1m | Added +277.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.11% of their portfolio | 14.1m $236.9m | Added +2.6m |
| Sixth Street Partners Management Company, L.P. 39.52% of their portfolio | 13.6m $228.9m | Unchanged |
| MACKENZIE FINANCIAL CORP 0.22% of their portfolio | 13.3m $223.3m | Added +3.0m |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 12.8m $215.1m | Reduced -2.1m |
| CITADEL ADVISORS LLC 0.12% of their portfolio | 12.8m $215.0m | Added +1.4m |
| VANGUARD FIDUCIARY TRUST CO 0.05% of their portfolio | 12.3m $207.2m | Reduced -5.0k |
| Capital Research Global Investors 0.03% of their portfolio | 12.0m $201.6m | Reduced -5.4m |
| Eurizon Capital SGR S.p.A. 0.52% of their portfolio | 11.6m $195.2m | Added +1.8m |
| Man Group plc 0.35% of their portfolio | 11.2m $188.5m | Reduced -760.2k |
| MILLENNIUM MANAGEMENT LLC 0.13% of their portfolio | 11.2m $188.0m | Reduced -3.7m |
| COHEN & STEERS, INC. 0.29% of their portfolio | 10.9m $183.2m | Added +2.3m |
| Bank of New York Mellon Corp 0.03% of their portfolio | 10.8m $182.4m | Reduced -367.4k |
| Pictet Asset Management Holding SA 0.17% of their portfolio | 10.3m $172.9m | Reduced -3.5m |
| Allianz Asset Management GmbH 0.18% of their portfolio | 10.1m $177.2m | Unchanged |
| Zimmer Partners, LP 3.93% of their portfolio | 9.9m $166.3m | Added +3.5m |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 9.8m $164.6m | Reduced -523.3k |
| BARCLAYS PLC 0.05% of their portfolio | 9.3m $156.9m | Added +875.0k |
| JANE STREET GROUP, LLC 0.10% of their portfolio | 9.3m $156.4m | Reduced -3.3m |
| Balyasny Asset Management L.P. 0.27% of their portfolio | 8.9m $149.6m | Added +2.1m |
| BANK OF MONTREAL /CAN/ 0.05% of their portfolio | 8.9m $149.6m | Added +393.2k |
| Covalis Capital LLP 8.33% of their portfolio | 8.8m $147.5m | Added +858.6k |
| JENNISON ASSOCIATES LLC 0.09% of their portfolio | 8.7m $145.9m | Reduced -269.0k |
| Qube Research & Technologies Ltd 0.16% of their portfolio | 8.5m $143.0m | Reduced -5.1m |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 8.0m $134.3m | Added +56.7k |
| Mitsubishi UFJ Trust & Banking Corp 0.29% of their portfolio | 7.8m $131.5m | Reduced -1.6m |
| ECP ControlCo, LLC 2.57% of their portfolio | 7.1m $119.8m | Unchanged |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 1.66% of their portfolio | 7.1m $119.3m | Added +256.6k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 6.9m $115.5m | Added +4.1m |
| DME Capital Management, LP 2.85% of their portfolio | 6.6m $111.6m | Unchanged |
| Swiss National Bank 0.05% of their portfolio | 6.2m $104.5m | Reduced -239.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 6.1m $103.1m | Reduced -5.8m |
| Bridgewater Associates, LP 0.41% of their portfolio | 5.9m $99.8m | Added +5.9m |
| Nuveen, LLC 0.02% of their portfolio | 5.8m $98.2m | Reduced -1.3m |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.13% of their portfolio | 5.4m $91.5m | Added +1.3m |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.05% of their portfolio | 5.4m $90.9m | Added +452.0k |
| Aberdeen Group plc 0.13% of their portfolio | 5.3m $89.5m | Added +683.0k |
| LOCUST WOOD CAPITAL ADVISERS, LLC 2.16% of their portfolio | 5.3m $89.3m | Reduced -2.9m |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 5.2m $87.5m | Reduced -1.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio | 5.2m $86.9m | Reduced -427.4k |
| PRUDENTIAL FINANCIAL INC 0.09% of their portfolio | 5.1m $85.6m | Reduced -631.3k |
| National Pension Service 0.05% of their portfolio | 5.0m $83.9m | Reduced -38.4k |
| Brookfield Corp /ON/ 0.11% of their portfolio | 4.9m $83.2m | Reduced -6.0m |
| HRT FINANCIAL LP 0.20% of their portfolio | 4.9m $83.2m | Added +332.9k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.12% of their portfolio | 4.8m $81.5m | Reduced -424.2k |
| California Public Employees Retirement System 0.04% of their portfolio | 4.7m $79.6m | Reduced -576.2k |
| Vanguard Global Advisers, LLC 0.04% of their portfolio | 4.7m $79.6m | Reduced -63.5k |
| Owl Creek Asset Management, L.P. 7.05% of their portfolio | 4.7m $79.5m | Added +1.9m |
| ACADIAN ASSET MANAGEMENT LLC 0.09% of their portfolio | 4.7m $78.7m | Added +215.7k |
| Danica Pension, Livsforsikringsaktieselskab 1.23% of their portfolio | 4.6m $76.7m | Added +186.0k |
| Rokos Capital Management LLP 0.96% of their portfolio | 4.5m $76.2m | Added +1.5m |
| RHUMBLINE ADVISERS 0.06% of their portfolio | 4.4m $74.6m | Added +254.4k |
| Russell Investments Group, Ltd. 0.07% of their portfolio | 4.4m $74.7m | Reduced -107.3k |
| Amundi 0.02% of their portfolio | 4.4m $74.4m | Reduced -1.7m |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.70% of their portfolio | 4.4m $74.4m | Reduced -657.3k |
| Ensign Peak Advisors, Inc 0.12% of their portfolio | 4.4m $74.1m | Added +411.8k |
| IEQ CAPITAL, LLC 0.34% of their portfolio | 4.3m $72.7m | Reduced -1.4m |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.26% of their portfolio | 4.1m $69.5m | Reduced -1.4m |
| UBS Group AG 0.01% of their portfolio | 4.1m $69.3m | Reduced -925.5k |
| TUDOR INVESTMENT CORP ET AL 0.28% of their portfolio | 4.1m $68.3m | Reduced -419.0k |
| CITIGROUP INC 0.03% of their portfolio | 4.0m $67.9m | Added +565.3k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.04% of their portfolio | 3.9m $66.1m | Added +447.9k |
| Point72 Asset Management, L.P. 0.10% of their portfolio | 3.8m $64.6m | Reduced -5.1m |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.31% of their portfolio | 3.8m $64.3m | Reduced -732.6k |
| Squarepoint Ops LLC 0.12% of their portfolio | 3.8m $63.3m | Added +1.5m |
| Electron Capital Partners, LLC 2.47% of their portfolio | 3.7m $61.9m | Added +198.0k |
| BANK OF NOVA SCOTIA 0.09% of their portfolio | 3.7m $61.7m | Added +3.0m |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio | 3.7m $61.5m | Added +408.2k |
| Caisse de depot et placement du Quebec 0.08% of their portfolio | 3.5m $59.2m | Added +1.1m |
| SEI INVESTMENTS CO 0.05% of their portfolio | 3.5m $58.9m | Added +1.4m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.24% of their portfolio | 3.4m $57.1m | Reduced -1.3m |
| CANADA LIFE ASSURANCE Co 0.09% of their portfolio | 3.4m $56.6m | Reduced -10.9k |