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 ($123.5m this quarter). Holder counts are more reliable. Shares outstanding: 2.6bn as of 2024-04-17, 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 ≈ $16.76. Options: 37 managers hold calls ($355.7m notional), 34 hold puts ($166.9m).
Trends to Q1 2024
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 |
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 |
| Q3 2023 | 346 | 188 |
| Q4 2023 | 334 | 244 |
| Q1 2024 | 339 | 281 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $456.1m | $504.7m | 1.11 |
| Q3 2023 | $389.7m | $521.2m | 1.34 |
| Q4 2023 | $207.8m | $279.4m | 1.34 |
| Q1 2024 | $355.7m | $166.9m | 0.47 |
Biggest buyers
| MORGAN STANLEY | Added | +18.1m |
| MILLENNIUM MANAGEMENT LLC | Added | +7.8m |
| DEUTSCHE BANK AG\ | Added | +7.3m |
| BlackRock Inc. | Added | +6.7m |
| JPMORGAN CHASE & CO | Added | +6.4m |
| VANGUARD GROUP INC | Added | +5.6m |
| Covalis Capital LLP | Added | +5.3m |
| Capital International Investors | Added | +5.1m |
| Point72 Asset Management, L.P. | Added | +4.9m |
| BANK OF AMERICA CORP /DE/ | Added | +4.6m |
Biggest sellers
| Capital Research Global Investors | Reduced | -66.7m |
| JANE STREET GROUP, LLC | Reduced | -17.1m |
| Balyasny Asset Management L.P. | Reduced | -7.5m |
| FMR LLC | Reduced | -7.3m |
| STATE STREET CORP | Reduced | -7.1m |
| CITADEL ADVISORS LLC | Reduced | -4.5m |
| PANAGORA ASSET MANAGEMENT INC | Reduced | -4.0m |
| Invesco Ltd. | Reduced | -3.3m |
| Ensign Peak Advisors, Inc | Reduced | -3.0m |
| ROYAL BANK OF CANADA | Reduced | -2.9m |
Biggest calls
| CITADEL ADVISORS LLC | Added | $152.5m9.1m shares |
| Zimmer Partners, LP | New | $75.4m4.5m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $26.1m1.6m shares |
| JANE STREET GROUP, LLC | Added | $15.6m928.3k shares |
| Schonfeld Strategic Advisors LLC | New | $8.4m500.0k shares |
| Point72 Asset Management, L.P. | Reduced | $7.5m449.2k shares |
| ROYAL BANK OF CANADA | Reduced | $7.0m417.9k shares |
| BANK OF AMERICA CORP /DE/ | Added | $6.4m380.0k shares |
| SIMPLEX TRADING, LLC | Added | $5.2m308.4k shares |
| BNP PARIBAS FINANCIAL MARKETS | New | $4.2m2.5k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $31.3m1.9m shares |
| III Capital Management | Unchanged | $20.9m1.2m shares |
| Portman Square Capital LLP | Reduced | $20.2m1.2m shares |
| SIMPLEX TRADING, LLC | Added | $16.3m969.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $11.9m708.2k shares |
| Walleye Trading LLC | Added | $10.2m609.0k shares |
| Verition Fund Management LLC | New | $4.7m278.1k shares |
| UBS Group AG | Reduced | $4.4m265.3k shares |
| Cubist Systematic Strategies, LLC | Reduced | $3.7m223.7k shares |
| WOLVERINE ASSET MANAGEMENT LLC | Added | $3.4m200.2k 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 Q1 2024
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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q3 2023 | 0 | — | 1 | $169.0k | $169.0k |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
None reported in Q1 2024.
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.09% of their portfolio | 282.3m $4.7bn | Added +5.6m |
| JPMORGAN CHASE & CO 0.19% of their portfolio | 252.3m $4.2bn | Added +6.4m |
| BlackRock Inc. 0.07% of their portfolio | 168.2m $2.8bn | Added +6.7m |
| FMR LLC 0.19% of their portfolio | 165.3m $2.8bn | Reduced -7.3m |
| Capital International Investors 0.41% of their portfolio | 121.2m $2.0bn | Added +5.1m |
| STATE STREET CORP 0.08% of their portfolio | 101.9m $1.7bn | Reduced -7.1m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.44% of their portfolio | 86.9m $1.5bn | Added +2.4m |
| Third Point LLC 12.38% of their portfolio | 57.9m $969.7m | Unchanged |
| Blackstone Inc. 3.50% of their portfolio | 48.5m $812.5m | Reduced -100.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.07% of their portfolio | 47.8m $799.6m | Added +1.4m |
| DEUTSCHE BANK AG\ 0.31% of their portfolio | 40.2m $673.5m | Added +7.3m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.08% of their portfolio | 39.1m $654.7m | Reduced -118.5k |
| MORGAN STANLEY 0.02% of their portfolio | 38.7m $649.1m | Added +18.1m |
| AMERIPRISE FINANCIAL INC 0.18% of their portfolio | 38.5m $644.5m | Added +2.7m |
| NORGES BANK 0.06% of their portfolio | 23.6m $395.2m | Added +1.7m |
| WELLINGTON MANAGEMENT GROUP LLP 0.07% of their portfolio | 22.8m $381.5m | Added +3.9m |
| Gallagher Fiduciary Advisors, LLC 13.46% of their portfolio | 22.6m $379.5m | Reduced -419.5k |
| Pictet Asset Management Holding SA 0.36% of their portfolio | 19.9m $333.3m | Reduced -2.0m |
| Sixth Street Partners Management Company, L.P. 36.11% of their portfolio | 18.8m $315.2m | Unchanged |
| NORTHERN TRUST CORP 0.05% of their portfolio | 18.4m $308.9m | Reduced -723.1k |
| Legal & General Group Plc 0.09% of their portfolio | 18.2m $304.2m | Added +74.5k |
| FRANKLIN RESOURCES INC 0.08% of their portfolio | 15.4m $258.3m | Added +3.6m |
| JENNISON ASSOCIATES LLC 0.17% of their portfolio | 14.9m $249.8m | Added +78.5k |
| Point72 Asset Management, L.P. 0.70% of their portfolio | 14.4m $240.9m | Added +4.9m |
| MILLENNIUM MANAGEMENT LLC 0.20% of their portfolio | 13.9m $232.8m | Added +7.8m |
| Capital Research Global Investors 0.05% of their portfolio | 12.9m $216.5m | Reduced -66.7m |
| BESSEMER GROUP INC 0.39% of their portfolio | 12.8m $214.6m | Reduced -1.2m |
| BANK OF MONTREAL /CAN/ 0.07% of their portfolio | 12.8m $215.3m | Reduced -508.4k |
| Zimmer Partners, LP 4.40% of their portfolio | 12.1m $202.4m | Added +3.3m |
| Invesco Ltd. 0.04% of their portfolio | 11.9m $199.9m | Reduced -3.3m |
| Bank of New York Mellon Corp 0.04% of their portfolio | 11.7m $196.4m | Reduced -692.8k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 11.4m $191.0m | Added +4.6m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio | 11.4m $190.8m | Added +356.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 11.2m $187.2m | Added +251.5k |
| UBS Group AG 0.06% of their portfolio | 10.4m $174.6m | Added +3.0m |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.29% of their portfolio | 9.3m $155.7m | Reduced -29.7k |
| COHEN & STEERS, INC. 0.32% of their portfolio | 9.2m $155.0m | Added +2.7m |
| Brookfield Corp /ON/ 0.87% of their portfolio | 8.8m $146.8m | Added +317.0k |
| Nuveen Asset Management, LLC 0.04% of their portfolio | 7.5m $126.6m | Reduced -810.0k |
| ClearBridge Investments Ltd 3.45% of their portfolio | 7.2m $121.0m | Reduced -372.0k |
| ECP ControlCo, LLC 32.92% of their portfolio | 7.1m $119.4m | Unchanged |
| Ensign Peak Advisors, Inc 0.22% of their portfolio | 7.1m $119.3m | Reduced -3.0m |
| California Public Employees Retirement System 0.08% of their portfolio | 6.8m $114.3m | Added +1.1m |
| Covalis Capital LLP 13.87% of their portfolio | 6.7m $111.9m | Added +5.3m |
| Artemis Investment Management LLP 1.44% of their portfolio | 6.6m $111.4m | Reduced -949.3k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 6.3m $105.9m | Added +375.7k |
| Swiss National Bank 0.07% of their portfolio | 6.1m $101.7m | Reduced -267.2k |
| LOCUST WOOD CAPITAL ADVISERS, LLC 3.92% of their portfolio | 5.9m $99.3m | Added +87.8k |
| BARCLAYS PLC 0.04% of their portfolio | 5.6m $93.4m | Added +131.1k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 5.3m $89.2m | Reduced -991.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio | 5.2m $86.9m | Reduced -6.0k |
| Squarepoint Ops LLC 0.35% of their portfolio | 5.1m $85.0m | Added +2.3m |
| CITADEL ADVISORS LLC 0.08% of their portfolio | 4.8m $79.9m | Reduced -4.5m |
| REAVES W H & CO INC 2.78% of their portfolio | 4.7m $78.3m | Added +2.5m |
| Amundi 0.03% of their portfolio | 4.6m $75.3m | Added +257.4k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 4.5m $75.4m | Reduced -2.9m |
| Owl Creek Asset Management, L.P. 10.42% of their portfolio | 4.4m $73.5m | Reduced -2.4m |
| CAUSEWAY CAPITAL MANAGEMENT LLC 1.88% of their portfolio | 4.3m $71.9m | Added +1.1m |
| CITIGROUP INC 0.08% of their portfolio | 4.3m $71.7m | Reduced -359.7k |
| Electron Capital Partners, LLC 3.03% of their portfolio | 4.1m $69.1m | Reduced -665.0k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.47% of their portfolio | 4.1m $68.8m | Added +253.9k |
| Empyrean Capital Partners, LP 3.94% of their portfolio | 4.1m $68.7m | Unchanged |
| RHUMBLINE ADVISERS 0.07% of their portfolio | 4.1m $68.1m | Added +50.8k |
| PRUDENTIAL FINANCIAL INC 0.09% of their portfolio | 4.0m $67.4m | Added +2.0m |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 3.5m $58.8m | Added +639.9k |
| Capitolis Liquid Global Markets LLC 0.92% of their portfolio | 3.4m $57.2m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.07% of their portfolio | 3.3m $55.5m | Added +42.7k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 0.98% of their portfolio | 3.2m $53.0m | Added +453.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio | 3.1m $52.6m | Added +732.6k |
| CANADA LIFE ASSURANCE Co 0.10% of their portfolio | 3.1m $51.8m | Added +118.4k |
| National Pension Service 0.06% of their portfolio | 2.8m $47.0m | Added +129.7k |
| TWINBEECH CAPITAL LP 0.95% of their portfolio | 2.7m $45.8m | Added +1.7m |
| Hudson Bay Capital Management LP 0.40% of their portfolio | 2.7m $45.1m | Reduced -43.7k |
| Qube Research & Technologies Ltd 0.08% of their portfolio | 2.6m $44.1m | Added +2.6m |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 2.6m $43.6m | Added +14.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.06% of their portfolio | 2.5m $41.7m | Added +410.4k |
| STRS OHIO 0.16% of their portfolio | 2.4m $41.0m | Reduced -192.5k |
| CREDIT SUISSE AG/ 0.04% of their portfolio | 2.4m $40.1m | Reduced -285.7k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 2.4m $39.6m | Reduced -140.4k |
| D. E. Shaw & Co., Inc. 0.05% of their portfolio | 2.4m $39.5m | Added +1.1m |
| Man Group plc 0.11% of their portfolio | 2.4m $39.5m | Added +2.3m |
| Ceredex Value Advisors LLC 0.65% of their portfolio | 2.2m $36.9m | Added +106.1k |
| UniSuper Management Pty Ltd 0.35% of their portfolio | 2.2m $36.6m | Added +709.3k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.04% of their portfolio | 2.2m $36.5m | Unchanged |
| SOROS FUND MANAGEMENT LLC 0.82% of their portfolio | 2.1m $35.5m | New |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.42% of their portfolio | 2.1m $35.3m | Reduced -743.0k |
| CADEN CAPITAL PARTNERS, LP 12.87% of their portfolio | 2.1m $35.1m | Added +718.2k |
| Maryland State Retirement & Pension System 0.64% of their portfolio | 2.0m $32.3m | Added +28.9k |
| LPL Financial LLC 0.02% of their portfolio | 1.9m $32.6m | Reduced -25.2k |
| MACQUARIE GROUP LTD 0.04% of their portfolio | 1.9m $32.5m | Added +38.2k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.07% of their portfolio | 1.9m $32.3m | Added +178.2k |
| NATIONAL BANK OF CANADA /FI/ 0.06% of their portfolio | 1.9m $33.1m | Added +851.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio | 1.8m $30.5m | Reduced -279.0k |
| NATIXIS 0.17% of their portfolio | 1.8m $30.5m | Added +1.3m |
| Russell Investments Group, Ltd. 0.05% of their portfolio | 1.8m $30.4m | Added +87.6k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.07% of their portfolio | 1.8m $29.3m | Reduced -73.0k |
| APG Asset Management N.V. 0.05% of their portfolio | 1.8m $27.3m | Added +247.6k |
| SG Americas Securities, LLC 0.15% of their portfolio | 1.7m $28.8m | Added +1.6m |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 1.7m $28.5m | Reduced -15.8k |
| Andra AP-fonden 0.48% of their portfolio | 1.6m $27.2m | Added +1.2m |