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 ($51.3m this quarter). Holder counts are more reliable. Shares outstanding: 2.6bn as of 2023-07-19, 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 ≈ $17.28. Options: 37 managers hold calls ($456.1m notional), 40 hold puts ($504.7m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 442 |
| Q4 2022 | 524 |
| Q1 2023 | 543 |
| Q2 2023 | 560 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 308 | 163 |
| Q1 2023 | 307 | 197 |
| Q2 2023 | 306 | 196 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $441.8m | $122.4m | 0.28 |
| Q4 2022 | $253.4m | $192.9m | 0.76 |
| Q1 2023 | $221.4m | $217.7m | 0.98 |
| Q2 2023 | $456.1m | $504.7m | 1.11 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +31.4m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Added | +12.1m |
| VANGUARD GROUP INC | Added | +10.9m |
| BlackRock Inc. | Added | +9.7m |
| Capital International Investors | Added | +9.5m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +7.8m |
| JENNISON ASSOCIATES LLC | Added | +5.3m |
| STATE STREET CORP | Added | +5.0m |
| AMERIPRISE FINANCIAL INC | Added | +4.0m |
| NORGES BANK | Added | +3.5m |
Biggest sellers
| FMR LLC | Reduced | -178.5m |
| Capital Research Global Investors | Reduced | -18.8m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -9.2m |
| Brookfield Corp /ON/ | Reduced | -6.6m |
| Zimmer Partners, LP | Reduced | -6.2m |
| OAKTREE CAPITAL MANAGEMENT LP | Sold out | -5.6m |
| Third Point LLC | Reduced | -5.2m |
| FRANKLIN RESOURCES INC | Reduced | -4.6m |
| Artemis Investment Management LLP | Reduced | -4.3m |
| BANK OF AMERICA CORP /DE/ | Reduced | -4.0m |
Biggest calls
| CITADEL ADVISORS LLC | Added | $153.8m8.9m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $61.2m3.5m shares |
| Zimmer Partners, LP | New | $60.5m3.5m shares |
| JANE STREET GROUP, LLC | Added | $30.7m1.8m shares |
| SIMPLEX TRADING, LLC | Added | $15.8m916.6k shares |
| UBS Group AG | Unchanged | $15.6m904.6k shares |
| LOCUST WOOD CAPITAL ADVISERS, LLC | Reduced | $13.4m776.0k shares |
| Verition Fund Management LLC | New | $12.4m720.0k shares |
| PEAK6 Investments LLC | Reduced | $11.6m668.7k shares |
| Portman Square Capital LLP | New | $10.7m620.3k shares |
Biggest puts
| Diameter Capital Partners LP | New | $86.4m5.0m shares |
| GOLDMAN SACHS GROUP INC | New | $73.5m4.3m shares |
| BANK OF AMERICA CORP /DE/ | Added | $53.4m3.1m shares |
| Portman Square Capital LLP | New | $36.1m2.1m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $34.9m2.0m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $33.9m2.0m shares |
| NATIONAL BANK OF CANADA /FI/ | New | $28.3m16.4k shares |
| CITADEL ADVISORS LLC | Reduced | $25.9m1.5m shares |
| BlackRock Inc. | New | $18.1m1.1m shares |
| Bracebridge Capital, LLC | New | $17.3m10.0k 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 in Q2 2023
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 |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 1 | $100.1k | 0 | — | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 1 | $1.1m | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 1 | $2.5k | 1 | $1.1m | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.10% of their portfolio | 246.7m $4.3bn | Added +10.9m |
| FMR LLC 0.25% of their portfolio | 172.0m $3.0bn | Reduced -178.5m |
| BlackRock Inc. 0.07% of their portfolio | 144.0m $2.5bn | Added +9.7m |
| Capital Research Global Investors 0.60% of their portfolio | 129.9m $2.2bn | Reduced -18.8m |
| Capital International Investors 0.42% of their portfolio | 101.0m $1.7bn | Added +9.5m |
| JPMORGAN CHASE & CO 0.19% of their portfolio | 93.9m $1.6bn | Added +31.4m |
| STATE STREET CORP 0.08% of their portfolio | 88.8m $1.5bn | Added +5.0m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.37% of their portfolio | 65.3m $1.1bn | Added +12.1m |
| Third Point LLC 13.67% of their portfolio | 54.0m $933.1m | Reduced -5.2m |
| Blackstone Inc. 3.62% of their portfolio | 48.1m $830.8m | Added +500.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.10% of their portfolio | 41.2m $711.4m | Reduced -9.2m |
| DEUTSCHE BANK AG\ 0.33% of their portfolio | 35.7m $617.1m | Reduced -501.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.07% of their portfolio | 35.0m $602.3m | Added +1.5m |
| AMERIPRISE FINANCIAL INC 0.17% of their portfolio | 32.0m $552.2m | Added +4.0m |
| Sixth Street Partners Management Company, L.P. 41.38% of their portfolio | 26.3m $454.9m | Unchanged |
| Gallagher Fiduciary Advisors, LLC 31.49% of their portfolio | 24.0m $414.2m | Reduced -490.7k |
| PICTET ASSET MANAGEMENT SA 0.46% of their portfolio | 22.3m $384.8m | Added +974.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.07% of their portfolio | 20.8m $359.5m | Added +7.8m |
| JENNISON ASSOCIATES LLC 0.24% of their portfolio | 16.6m $287.3m | Added +5.3m |
| NORGES BANK 0.05% of their portfolio | 15.2m $263.4m | Added +3.5m |
| NORTHERN TRUST CORP 0.05% of their portfolio | 15.0m $259.4m | Added +128.6k |
| BANK OF MONTREAL /CAN/ 0.09% of their portfolio | 14.8m $259.2m | Added +178.9k |
| BESSEMER GROUP INC 0.48% of their portfolio | 13.1m $225.6m | Added +105.5k |
| CITADEL ADVISORS LLC 0.25% of their portfolio | 12.9m $223.0m | Reduced -1.8m |
| Legal & General Group Plc 0.07% of their portfolio | 12.7m $219.6m | Added +864.8k |
| Zimmer Partners, LP 5.01% of their portfolio | 11.6m $200.7m | Reduced -6.2m |
| FRANKLIN RESOURCES INC 0.09% of their portfolio | 11.5m $199.4m | Reduced -4.6m |
| Invesco Ltd. 0.05% of their portfolio | 11.0m $190.0m | Added +30.6k |
| Ensign Peak Advisors, Inc 0.38% of their portfolio | 10.9m $187.8m | Reduced -2.8m |
| Bank of New York Mellon Corp 0.04% of their portfolio | 10.8m $187.5m | Added +187.4k |
| MORGAN STANLEY 0.02% of their portfolio | 10.1m $174.7m | Reduced -653.0k |
| Brookfield Corp /ON/ 0.67% of their portfolio | 9.7m $168.5m | Reduced -6.6m |
| Owl Creek Asset Management, L.P. 12.64% of their portfolio | 9.0m $156.0m | Reduced -291.7k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.32% of their portfolio | 8.6m $147.9m | Added +1.3m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 8.2m $142.3m | Added +37.4k |
| Artemis Investment Management LLP 1.72% of their portfolio | 7.8m $135.1m | Reduced -4.3m |
| ClearBridge Investments Ltd 3.80% of their portfolio | 7.8m $134.8m | Added +120.4k |
| ECP ControlCo, LLC 24.81% of their portfolio | 7.1m $123.1m | Reduced -1.9m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.06% of their portfolio | 7.1m $115.0m | Unchanged |
| Nuveen Asset Management, LLC 0.04% of their portfolio | 6.6m $114.7m | Added +981.9k |
| CITIGROUP INC 0.15% of their portfolio | 6.6m $113.6m | Reduced -154.3k |
| Swiss National Bank 0.08% of their portfolio | 6.5m $112.1m | Added +570.8k |
| BARCLAYS PLC 0.07% of their portfolio | 6.4m $110.7m | Added +3.0m |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 6.1m $106.0m | Reduced -4.0m |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 5.5m $95.8m | Added +195.0k |
| COHEN & STEERS, INC. 0.20% of their portfolio | 5.4m $94.2m | Added +1.4m |
| Electron Capital Partners, LLC 4.70% of their portfolio | 5.1m $88.4m | Added +1.3m |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 0.52% of their portfolio | 5.0m $86.5m | Unchanged |
| Amundi 0.04% of their portfolio | 4.7m $81.7m | Reduced -126.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio | 4.4m $75.3m | Added +170.6k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 4.1m $71.2m | Reduced -170.9k |
| PANAGORA ASSET MANAGEMENT INC 0.41% of their portfolio | 4.0m $69.9m | Added +3.3m |
| REAVES W H & CO INC 2.44% of their portfolio | 3.8m $66.3m | Reduced -1.6m |
| California Public Employees Retirement System 0.05% of their portfolio | 3.4m $58.2m | Added +195.0k |
| RHUMBLINE ADVISERS 0.07% of their portfolio | 3.4m $58.0m | Added +399.1k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.45% of their portfolio | 3.3m $57.0m | Added +511.8k |
| LOCUST WOOD CAPITAL ADVISERS, LLC 2.93% of their portfolio | 3.3m $56.5m | Added +418.0k |
| 1832 Asset Management L.P. 0.11% of their portfolio | 3.1m $54.3m | Reduced -260.3k |
| AQR CAPITAL MANAGEMENT LLC 0.11% of their portfolio | 3.1m $52.5m | Added +2.4m |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.64% of their portfolio | 3.0m $52.6m | Reduced -270.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.07% of their portfolio | 3.0m $51.0m | Added +377.0k |
| CREDIT SUISSE AG/ 0.05% of their portfolio | 2.8m $47.8m | Added +170.0k |
| National Pension Service 0.07% of their portfolio | 2.5m $43.5m | Added +190.5k |
| PUTNAM INVESTMENTS LLC 0.06% of their portfolio | 2.5m $44.0m | Added +107.7k |
| PointState Capital LP 1.61% of their portfolio | 2.4m $42.2m | Reduced -1.9m |
| NATIONAL BANK OF CANADA /FI/ 0.08% of their portfolio | 2.4m $41.9m | Added +2.3m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.06% of their portfolio | 2.3m $40.3m | Added +31.8k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.11% of their portfolio | 2.3m $39.7m | Added +1.5m |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 2.3m $39.1m | Added +1.0m |
| NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio | 2.2m $37.3m | Added +106.9k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 2.1m $36.7m | Added +84.5k |
| STRS OHIO 0.15% of their portfolio | 2.0m $34.6m | Reduced -2.6m |
| Ghisallo Capital Management LLC 4.13% of their portfolio | 2.0m $34.6m | New |
| Capital International, Inc./CA/ 0.62% of their portfolio | 2.0m $34.1m | Reduced -41.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 1.9m $33.5m | Reduced -35.4k |
| CAUSEWAY CAPITAL MANAGEMENT LLC 0.87% of their portfolio | 1.9m $32.9m | Reduced -46.7k |
| PRUDENTIAL FINANCIAL INC 0.05% of their portfolio | 1.9m $32.7m | Added +55.0k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.58% of their portfolio | 1.9m $32.6m | New |
| CAPITAL GROUP INVESTMENT MANAGEMENT PTE. LTD. 1.62% of their portfolio | 1.9m $32.5m | Unchanged |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.07% of their portfolio | 1.9m $32.0m | Added +37.5k |
| Maryland State Retirement & Pension System 0.67% of their portfolio | 1.8m $31.9m | Added +66.2k |
| LPL Financial LLC 0.02% of their portfolio | 1.8m $31.5m | Added +70.2k |
| AVIVA PLC 0.13% of their portfolio | 1.8m $31.5m | Added +938.8k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 1.8m $31.5m | Added +282.4k |
| LEVIN CAPITAL STRATEGIES, L.P. 3.63% of their portfolio | 1.8m $31.3m | Reduced -20.6k |
| First Pacific Advisors, LP 0.45% of their portfolio | 1.8m $30.6m | Reduced -102.7k |
| Verition Fund Management LLC 0.47% of their portfolio | 1.7m $30.0m | Added +747.8k |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 1.7m $29.9m | Reduced -56.6k |
| TORONTO DOMINION BANK 0.02% of their portfolio | 1.7m $29.7m | Added +1.0m |
| Capital Group Private Client Services, Inc. 0.34% of their portfolio | 1.6m $28.5m | Added +464.0k |
| Covalis Capital LLP 6.11% of their portfolio | 1.6m $28.2m | Added +1.2m |
| Russell Investments Group, Ltd. 0.05% of their portfolio | 1.6m $27.8m | Added +729.3k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 1.6m $27.6m | Reduced -131.8k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio | 1.6m $26.9m | Added +47.3k |
| CANADA LIFE ASSURANCE Co 0.06% of their portfolio | 1.5m $25.9m | Added +81.1k |
| SEI INVESTMENTS CO 0.04% of their portfolio | 1.4m $24.8m | Added +309.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.05% of their portfolio | 1.4m $24.5m | Added +254.2k |
| APG Asset Management N.V. 0.04% of their portfolio | 1.4m $21.7m | Reduced -421.2k |
| Alberta Investment Management Corp 0.23% of their portfolio | 1.4m $23.6m | Added +112.3k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 1.3m $22.7m | Added +68.2k |