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 ($115.1m this quarter). Holder counts are more reliable. Shares outstanding: 2.6bn as of 2024-10-30, 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 ≈ $19.78. Options: 38 managers hold calls ($511.1m notional), 40 hold puts ($269.7m).
Trends to Q3 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 |
| Q2 2024 | 662 |
| Q3 2024 | 679 |
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 |
| Q2 2024 | 345 | 271 |
| Q3 2024 | 371 | 266 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $207.8m | $279.4m | 1.34 |
| Q1 2024 | $355.7m | $166.9m | 0.47 |
| Q2 2024 | $411.7m | $233.0m | 0.57 |
| Q3 2024 | $511.1m | $269.7m | 0.53 |
Biggest buyers
| ATLAS Infrastructure Partners (UK) Ltd. | New | +12.3m |
| FMR LLC | Added | +8.6m |
| JPMORGAN CHASE & CO | Added | +7.7m |
| HRT FINANCIAL LP | Added | +7.6m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +5.6m |
| STATE STREET CORP | Added | +5.2m |
| CITADEL ADVISORS LLC | Added | +4.4m |
| Brookfield Corp /ON/ | Added | +4.0m |
| Capital Research Global Investors | Added | +3.4m |
| Legal & General Group Plc | Added | +3.2m |
Biggest sellers
| Blackstone Inc. | Reduced | -37.4m |
| VANGUARD GROUP INC | Reduced | -35.4m |
| Capital International Investors | Reduced | -13.6m |
| AMERIPRISE FINANCIAL INC | Reduced | -5.1m |
| Third Point LLC | Reduced | -4.0m |
| Artemis Investment Management LLP | Reduced | -2.4m |
| JENNISON ASSOCIATES LLC | Reduced | -2.2m |
| Sixth Street Partners Management Company, L.P. | Reduced | -2.0m |
| MARSHALL WACE, LLP | Reduced | -1.9m |
| PRUDENTIAL FINANCIAL INC | Reduced | -1.9m |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $140.1m7.1m shares |
| JPMORGAN CHASE & CO | Added | $73.1m3.7m shares |
| Zimmer Partners, LP | Reduced | $69.2m3.5m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $30.9m1.6m shares |
| Concentric Capital Strategies, LP | New | $24.4m1.2m shares |
| Covalis Capital LLP | New | $22.8m1.2m shares |
| UBS Group AG | Added | $19.6m989.9k shares |
| GARDA CAPITAL PARTNERS LP | Added | $16.2m818.8k shares |
| Point72 Asset Management, L.P. | Added | $13.2m665.5k shares |
| Balyasny Asset Management L.P. | Reduced | $13.1m664.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $28.9m1.5m shares |
| III Capital Management | Unchanged | $28.0m1.4m shares |
| Portman Square Capital LLP | Unchanged | $23.8m1.2m shares |
| JPMORGAN CHASE & CO | Added | $23.7m1.2m shares |
| GARDA CAPITAL PARTNERS LP | Added | $16.7m843.3k shares |
| CITADEL ADVISORS LLC | Reduced | $16.3m824.3k shares |
| HSBC HOLDINGS PLC | New | $14.0m712.1k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $11.4m5.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $10.0m505.2k shares |
| Balyasny Asset Management L.P. | Unchanged | $9.9m500.0k 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 Q3 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2024 | 0 | — | 1 | $1.0m | $1.0m |
| Q3 2024 | 0 | — | 1 | $707.2k | $707.2k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-08-15 | Williams Stephanie N VP and Controller | Sold plan | $707.2k38.6k 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, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| JPMORGAN CHASE & CO 0.21% of their portfolio | 267.3m $5.3bn | Added +7.7m |
| VANGUARD GROUP INC 0.09% of their portfolio | 248.2m $4.9bn | Reduced -35.4m |
| BlackRock, Inc. 0.08% of their portfolio | 182.8m $3.6bn | First filing |
| FMR LLC 0.21% of their portfolio | 176.8m $3.5bn | Added +8.6m |
| Capital International Investors 0.43% of their portfolio | 112.0m $2.2bn | Reduced -13.6m |
| STATE STREET CORP 0.09% of their portfolio | 109.0m $2.2bn | Added +5.2m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.62% of their portfolio | 104.8m $2.1bn | Added +2.9m |
| GEODE CAPITAL MANAGEMENT, LLC 0.08% of their portfolio | 49.8m $982.0m | Added +536.9k |
| Third Point LLC 13.24% of their portfolio | 49.8m $983.6m | Reduced -4.0m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.10% of their portfolio | 43.3m $856.7m | Added +5.6m |
| DEUTSCHE BANK AG\ 0.33% of their portfolio | 40.6m $802.7m | Added +24.7k |
| AMERIPRISE FINANCIAL INC 0.16% of their portfolio | 31.6m $624.1m | Reduced -5.1m |
| WELLINGTON MANAGEMENT GROUP LLP 0.10% of their portfolio | 30.3m $598.1m | Added +1.8m |
| Capital Research Global Investors 0.11% of their portfolio | 27.5m $543.4m | Added +3.4m |
| NORGES BANK 0.07% of their portfolio | 27.0m $533.3m | Added +346.3k |
| Legal & General Group Plc 0.10% of their portfolio | 19.4m $383.8m | Added +3.2m |
| NORTHERN TRUST CORP 0.06% of their portfolio | 17.9m $354.1m | Reduced -659.3k |
| Pictet Asset Management Holding SA 0.38% of their portfolio | 17.3m $342.1m | Reduced -1.3m |
| FRANKLIN RESOURCES INC 0.10% of their portfolio | 17.1m $346.4m | Added +681.4k |
| MORGAN STANLEY 0.02% of their portfolio | 15.7m $310.0m | Added +10.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.08% of their portfolio | 15.6m $307.9m | Added +1.9m |
| Sixth Street Partners Management Company, L.P. 39.46% of their portfolio | 14.8m $292.8m | Reduced -2.0m |
| BANK OF MONTREAL /CAN/ 0.12% of their portfolio | 13.6m $268.9m | Added +246.2k |
| BESSEMER GROUP INC 0.42% of their portfolio | 12.8m $252.2m | Added +16.7k |
| Brookfield Corp /ON/ 1.41% of their portfolio | 12.6m $250.0m | Added +4.0m |
| JENNISON ASSOCIATES LLC 0.15% of their portfolio | 12.5m $247.7m | Reduced -2.2m |
| ATLAS Infrastructure Partners (UK) Ltd. 16.88% of their portfolio | 12.3m $243.4m | New |
| Invesco Ltd. 0.04% of their portfolio | 11.6m $228.7m | Added +670.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 11.6m $228.5m | Added +119.9k |
| Bank of New York Mellon Corp 0.04% of their portfolio | 11.5m $227.3m | Reduced -201.4k |
| MILLENNIUM MANAGEMENT LLC 0.18% of their portfolio | 10.7m $211.2m | Added +2.5m |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 10.5m $208.5m | Added +3.1m |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 10.3m $203.3m | Added +491.3k |
| UBS Group AG 0.05% of their portfolio | 9.1m $179.2m | Reduced -1.6m |
| COHEN & STEERS, INC. 0.31% of their portfolio | 8.9m $176.0m | Reduced -635.7k |
| Nuveen Asset Management, LLC 0.04% of their portfolio | 7.8m $159.8m | Reduced -157.6k |
| HRT FINANCIAL LP 0.82% of their portfolio | 7.7m $152.7m | Added +7.6m |
| ECP ControlCo, LLC 42.86% of their portfolio | 7.1m $140.9m | Unchanged |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.24% of their portfolio | 6.9m $137.2m | Reduced -1.0m |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 6.9m $136.7m | Added +261.9k |
| Ensign Peak Advisors, Inc 0.24% of their portfolio | 6.8m $135.0m | Reduced -237.9k |
| ClearBridge Investments Ltd 3.37% of their portfolio | 6.8m $134.5m | Reduced -180.6k |
| California Public Employees Retirement System 0.09% of their portfolio | 6.7m $132.6m | Added +156.5k |
| LOCUST WOOD CAPITAL ADVISERS, LLC 4.49% of their portfolio | 6.5m $128.3m | Added +149.6k |
| HSBC HOLDINGS PLC 0.08% of their portfolio | 6.3m $124.7m | Added +1.6m |
| Swiss National Bank 0.08% of their portfolio | 6.0m $119.1m | Added +25.0k |
| MACQUARIE GROUP LTD 0.13% of their portfolio | 6.0m $118.9m | Added +2.2m |
| BARCLAYS PLC 0.05% of their portfolio | 5.7m $112.5m | Added +420.1k |
| CITADEL ADVISORS LLC 0.12% of their portfolio | 5.7m $112.0m | Added +4.4m |
| Covalis Capital LLP 16.31% of their portfolio | 5.5m $109.3m | Added +2.0m |
| Clearbridge Investments, LLC 0.09% of their portfolio | 5.5m $109.3m | Added +2.3m |
| Capitolis Liquid Global Markets LLC 1.13% of their portfolio | 5.4m $106.6m | Reduced -920.0k |
| Point72 Asset Management, L.P. 0.35% of their portfolio | 5.1m $101.0m | Added +133.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.07% of their portfolio | 5.1m $100.7m | Added +64.8k |
| Amundi 0.04% of their portfolio | 5.0m $98.3m | Added +51.9k |
| REAVES W H & CO INC 2.55% of their portfolio | 4.7m $93.2m | Added +825.9k |
| Electron Capital Partners, LLC 4.33% of their portfolio | 4.6m $90.0m | Added +246.9k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 1.41% of their portfolio | 4.5m $88.9m | Added +257.4k |
| Artemis Investment Management LLP 1.35% of their portfolio | 4.5m $88.5m | Reduced -2.4m |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 4.4m $87.4m | Added +158.6k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.08% of their portfolio | 4.4m $87.4m | Added +767.3k |
| CITIGROUP INC 0.08% of their portfolio | 4.3m $85.6m | Reduced -306.9k |
| Empyrean Capital Partners, LP 4.45% of their portfolio | 4.1m $81.1m | Unchanged |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.51% of their portfolio | 4.1m $80.4m | Reduced -221.3k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.91% of their portfolio | 4.0m $79.6m | Added +1.9m |
| RHUMBLINE ADVISERS 0.07% of their portfolio | 4.0m $79.5m | Reduced -7.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.08% of their portfolio | 3.9m $77.9m | Reduced -145.3k |
| CAUSEWAY CAPITAL MANAGEMENT LLC 1.85% of their portfolio | 3.8m $75.4m | Reduced -412.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.08% of their portfolio | 3.7m $72.7m | Added +89.1k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.25% of their portfolio | 3.4m $67.8m | Added +2.4m |
| Zimmer Partners, LP 1.24% of their portfolio | 3.3m $66.2m | Added +1.2m |
| Blackstone Inc. 0.29% of their portfolio | 3.2m $63.1m | Reduced -37.4m |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.06% of their portfolio | 3.1m $60.3m | Added +225.6k |
| National Pension Service 0.06% of their portfolio | 2.9m $57.2m | Added +86.0k |
| AQR CAPITAL MANAGEMENT LLC 0.08% of their portfolio | 2.8m $55.0m | Added +675.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 2.7m $53.8m | Added +169.5k |
| CANADA LIFE ASSURANCE Co 0.09% of their portfolio | 2.7m $52.7m | Added +2.3k |
| Owl Creek Asset Management, L.P. 7.59% of their portfolio | 2.6m $51.9m | Reduced -230.0k |
| D. E. Shaw & Co., Inc. 0.06% of their portfolio | 2.5m $49.4m | Added +1.4m |
| Russell Investments Group, Ltd. 0.07% of their portfolio | 2.4m $48.2m | Added +187.1k |
| JANE STREET GROUP, LLC 0.08% of their portfolio | 2.4m $47.4m | Added +1.6m |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 2.3m $46.2m | Reduced -17.2k |
| CADEN CAPITAL PARTNERS, LP 15.04% of their portfolio | 2.3m $44.6m | Added +742.6k |
| NATIONAL BANK OF CANADA /FI/ 0.05% of their portfolio | 2.1m $41.1m | Reduced -578.0k |
| Allspring Global Investments Holdings, LLC 0.06% of their portfolio | 2.0m $40.3m | Added +794.0k |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 2.0m $40.2m | Added +217.1k |
| UniSuper Management Pty Ltd 0.30% of their portfolio | 2.0m $39.8m | Added +5.9k |
| LPL Financial LLC 0.02% of their portfolio | 2.0m $39.3m | Added +10.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio | 1.9m $38.2m | Added +25.8k |
| Maryland State Retirement & Pension System 0.80% of their portfolio | 1.9m $38.1m | Reduced -52.7k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.07% of their portfolio | 1.9m $37.6m | Unchanged |
| Hudson Bay Capital Management LP 0.25% of their portfolio | 1.9m $36.8m | Reduced -238.7k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.07% of their portfolio | 1.8m $36.1m | Reduced -121.4k |
| VAN ECK ASSOCIATES CORP 0.05% of their portfolio | 1.8m $37.5m | Added +435.2k |
| Ceredex Value Advisors LLC 0.68% of their portfolio | 1.8m $34.9m | Reduced -115.7k |
| AVIVA PLC 0.09% of their portfolio | 1.7m $33.9m | Added +42.4k |
| Balyasny Asset Management L.P. 0.09% of their portfolio | 1.7m $33.4m | New |
| Aberdeen Group plc 0.06% of their portfolio | 1.7m $32.9m | Added +406.0k |
| SEI INVESTMENTS CO 0.04% of their portfolio | 1.7m $32.9m | Added +206.3k |
| PRUDENTIAL FINANCIAL INC 0.04% of their portfolio | 1.6m $31.7m | Reduced -1.9m |