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 ($94.7m this quarter). Holder counts are more reliable. Shares outstanding: 2.7bn as of 2025-02-05, 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 ≈ $20.18. Options: 37 managers hold calls ($206.3m notional), 41 hold puts ($331.2m).
Trends to Q4 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 |
| Q4 2024 | 733 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q4 2024 | 421 | 237 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $355.7m | $166.9m | 0.47 |
| Q2 2024 | $411.7m | $233.0m | 0.57 |
| Q3 2024 | $511.1m | $269.7m | 0.53 |
| Q4 2024 | $206.3m | $331.2m | 1.61 |
Biggest buyers
| Capital Research Global Investors | Added | +19.3m |
| Brookfield Corp /ON/ | Added | +16.7m |
| BlackRock, Inc. | Added | +12.0m |
| FMR LLC | Added | +10.7m |
| Zimmer Partners, LP | Added | +9.3m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Added | +9.2m |
| Point72 Asset Management, L.P. | Added | +6.8m |
| VANGUARD GROUP INC | Added | +6.2m |
| Invesco Ltd. | Added | +5.4m |
| CITADEL ADVISORS LLC | Added | +5.3m |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -138.5m |
| Capital International Investors | Reduced | -35.0m |
| ATLAS Infrastructure Partners (UK) Ltd. | Reduced | -8.8m |
| HRT FINANCIAL LP | Sold out | -7.7m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Sold out | -3.4m |
| BANK OF AMERICA CORP /DE/ | Reduced | -3.1m |
| Blackstone Inc. | Reduced | -2.7m |
| Covalis Capital LLP | Reduced | -2.4m |
| JANE STREET GROUP, LLC | Reduced | -2.2m |
| D. E. Shaw & Co., Inc. | Reduced | -1.6m |
Biggest calls
| JPMORGAN CHASE & CO | Reduced | $36.8m1.8m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $36.7m1.8m shares |
| CITADEL ADVISORS LLC | Reduced | $24.4m1.2m shares |
| Balyasny Asset Management L.P. | Reduced | $12.7m628.4k shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $10.1m5.0k shares |
| Point72 Asset Management, L.P. | Reduced | $9.1m451.9k shares |
| UBS Group AG | Reduced | $7.9m393.8k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $7.8m388.2k shares |
| Parallax Volatility Advisers, L.P. | New | $7.6m375.0k shares |
| NOMURA HOLDINGS INC | Added | $6.3m310.9k shares |
Biggest puts
| Yaupon Capital Management LP | New | $60.5m3.0m shares |
| Portman Square Capital LLP | Added | $49.8m2.5m shares |
| CITADEL ADVISORS LLC | Added | $25.9m1.3m shares |
| SIMPLEX TRADING, LLC | Added | $21.1m1.0m shares |
| HSBC HOLDINGS PLC | Added | $14.6m725.3k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $13.7m6.8k shares |
| III Capital Management | Reduced | $13.2m655.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $12.4m613.6k shares |
| Balyasny Asset Management L.P. | Unchanged | $10.1m500.0k shares |
| KINGDON CAPITAL MANAGEMENT, L.L.C. | New | $9.1m450.0k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 |
| Q4 2024 | 0 | — | 1 | $1.1m | $1.1m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-12-02 | Poppe Patricia K Chief Executive Officer, director · Held by Patricia K. Poppe Revocable Living Trust | Sold plan | $1.1m55.6k 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, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.09% of their portfolio | 254.4m $5.1bn | Added +6.2m |
| BlackRock, Inc. 0.08% of their portfolio | 194.8m $3.9bn | Added +12.0m |
| FMR LLC 0.23% of their portfolio | 187.5m $3.8bn | Added +10.7m |
| JPMORGAN CHASE & CO 0.21% of their portfolio | 128.8m $2.6bn | Reduced -138.5m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.73% of their portfolio | 114.0m $2.3bn | Added +9.2m |
| STATE STREET CORP 0.09% of their portfolio | 111.2m $2.2bn | Added +2.2m |
| Capital International Investors 0.29% of their portfolio | 77.0m $1.6bn | Reduced -35.0m |
| GEODE CAPITAL MANAGEMENT, LLC 0.08% of their portfolio | 52.0m $1.0bn | Added +2.2m |
| Third Point LLC 13.15% of their portfolio | 48.5m $978.7m | Reduced -1.2m |
| Capital Research Global Investors 0.19% of their portfolio | 46.8m $944.5m | Added +19.3m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.10% of their portfolio | 43.1m $869.0m | Reduced -270.4k |
| DEUTSCHE BANK AG\ 0.33% of their portfolio | 42.1m $848.8m | Added +1.5m |
| AMERIPRISE FINANCIAL INC 0.18% of their portfolio | 35.5m $716.9m | Added +4.0m |
| WELLINGTON MANAGEMENT GROUP LLP 0.12% of their portfolio | 33.3m $673.0m | Added +3.1m |
| Brookfield Corp /ON/ 1.80% of their portfolio | 29.4m $593.0m | Added +16.7m |
| NORGES BANK 0.08% of their portfolio | 29.3m $591.6m | Added +2.3m |
| FRANKLIN RESOURCES INC 0.11% of their portfolio | 19.7m $397.4m | Added +2.6m |
| Legal & General Group Plc 0.10% of their portfolio | 19.6m $396.0m | Added +211.6k |
| NORTHERN TRUST CORP 0.05% of their portfolio | 19.1m $386.0m | Added +1.2m |
| Pictet Asset Management Holding SA 0.38% of their portfolio | 17.4m $350.8m | Added +82.7k |
| Invesco Ltd. 0.06% of their portfolio | 16.9m $342.0m | Added +5.4m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.08% of their portfolio | 16.7m $336.2m | Added +1.1m |
| Sixth Street Partners Management Company, L.P. 38.45% of their portfolio | 14.8m $298.9m | Unchanged |
| MORGAN STANLEY 0.02% of their portfolio | 14.6m $295.0m | Reduced -1.1m |
| BESSEMER GROUP INC 0.47% of their portfolio | 14.2m $287.1m | Added +1.5m |
| BANK OF MONTREAL /CAN/ 0.14% of their portfolio | 13.8m $278.7m | Added +244.6k |
| Zimmer Partners, LP 4.43% of their portfolio | 12.7m $255.5m | Added +9.3m |
| MILLENNIUM MANAGEMENT LLC 0.22% of their portfolio | 12.6m $254.2m | Added +1.9m |
| JENNISON ASSOCIATES LLC 0.15% of their portfolio | 12.4m $250.9m | Reduced -94.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 12.2m $245.4m | Added +602.2k |
| Point72 Asset Management, L.P. 0.66% of their portfolio | 11.9m $241.0m | Added +6.8m |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 11.6m $233.2m | Added +1.0m |
| Bank of New York Mellon Corp 0.04% of their portfolio | 11.5m $231.9m | Reduced -4.3k |
| CITADEL ADVISORS LLC 0.20% of their portfolio | 10.9m $220.4m | Added +5.3m |
| UBS Group AG 0.04% of their portfolio | 9.6m $194.4m | Added +568.4k |
| COHEN & STEERS, INC. 0.36% of their portfolio | 9.4m $189.6m | Added +493.3k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.31% of their portfolio | 8.8m $177.9m | Added +1.9m |
| Nuveen Asset Management, LLC 0.05% of their portfolio | 8.0m $161.0m | Added +139.5k |
| HSBC HOLDINGS PLC 0.10% of their portfolio | 7.8m $157.0m | Added +1.5m |
| LOCUST WOOD CAPITAL ADVISERS, LLC 5.67% of their portfolio | 7.6m $153.3m | Added +1.1m |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 7.6m $153.0m | Added +670.6k |
| ClearBridge Investments Ltd 3.96% of their portfolio | 7.5m $151.0m | Added +680.9k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 7.2m $144.3m | Reduced -3.1m |
| ECP ControlCo, LLC 55.39% of their portfolio | 7.1m $143.8m | Unchanged |
| Ensign Peak Advisors, Inc 0.25% of their portfolio | 7.0m $141.9m | Added +203.1k |
| California Public Employees Retirement System 0.09% of their portfolio | 6.8m $138.1m | Added +136.8k |
| BARCLAYS PLC 0.07% of their portfolio | 6.7m $135.3m | Added +1.0m |
| Clearbridge Investments, LLC 0.11% of their portfolio | 6.5m $130.8m | Added +948.8k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 2.25% of their portfolio | 6.3m $126.9m | Added +1.8m |
| MACQUARIE GROUP LTD 0.14% of their portfolio | 6.0m $118.9m | Reduced -39.5k |
| Empyrean Capital Partners, LP 5.99% of their portfolio | 5.9m $119.0m | Added +1.8m |
| Swiss National Bank 0.08% of their portfolio | 5.7m $115.8m | Reduced -290.0k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 5.6m $112.7m | Added +1.2m |
| Capitolis Liquid Global Markets LLC 1.09% of their portfolio | 5.6m $112.3m | Added +170.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.07% of their portfolio | 5.3m $106.6m | Added +185.9k |
| MACKENZIE FINANCIAL CORP 0.05% of their portfolio | 5.1m $102.9m | Added +3.7m |
| Amundi 0.03% of their portfolio | 5.1m $98.3m | Added +106.7k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.19% of their portfolio | 4.9m $99.5m | Added +904.1k |
| Mitsubishi UFJ Trust & Banking Corp 0.22% of their portfolio | 4.7m $95.1m | Added +3.3m |
| Electron Capital Partners, LLC 5.43% of their portfolio | 4.7m $94.0m | Added +106.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio | 4.6m $91.9m | Added +613.3k |
| Artemis Investment Management LLP 1.30% of their portfolio | 4.5m $91.1m | Added +39.0k |
| CITIGROUP INC 0.08% of their portfolio | 4.3m $86.1m | Reduced -59.8k |
| RHUMBLINE ADVISERS 0.08% of their portfolio | 4.2m $85.7m | Added +228.1k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.08% of their portfolio | 4.2m $85.5m | Reduced -179.9k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.51% of their portfolio | 4.1m $81.9m | Reduced -6.0k |
| AQR CAPITAL MANAGEMENT LLC 0.10% of their portfolio | 3.9m $79.6m | Added +1.2m |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.09% of their portfolio | 3.6m $73.2m | Reduced -48.1k |
| Zurich Insurance Group Ltd/FI 0.59% of their portfolio | 3.6m $71.8m | Added +2.6m |
| ATLAS Infrastructure Partners (UK) Ltd. 17.22% of their portfolio | 3.6m $71.7m | Reduced -8.8m |
| VAN ECK ASSOCIATES CORP 0.09% of their portfolio | 3.5m $71.5m | Added +1.7m |
| REAVES W H & CO INC 1.88% of their portfolio | 3.5m $71.3m | Reduced -1.2m |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.07% of their portfolio | 3.3m $68.2m | Added +292.9k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.13% of their portfolio | 3.2m $63.7m | First filing |
| Covalis Capital LLP 9.19% of their portfolio | 3.1m $62.9m | Reduced -2.4m |
| CANADA LIFE ASSURANCE Co 0.10% of their portfolio | 2.8m $57.3m | Added +174.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 2.8m $57.2m | Added +110.9k |
| National Pension Service 0.05% of their portfolio | 2.7m $54.4m | Reduced -197.9k |
| Russell Investments Group, Ltd. 0.07% of their portfolio | 2.6m $53.1m | Added +193.5k |
| Owl Creek Asset Management, L.P. 12.46% of their portfolio | 2.6m $53.0m | Reduced -100 |
| CAUSEWAY CAPITAL MANAGEMENT LLC 1.16% of their portfolio | 2.5m $50.9m | Reduced -1.3m |
| CADEN CAPITAL PARTNERS, LP 14.88% of their portfolio | 2.4m $48.8m | Added +159.8k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 2.3m $47.1m | Added +1.9k |
| NATIONAL BANK OF CANADA /FI/ 0.06% of their portfolio | 2.2m $44.8m | Added +143.6k |
| Balyasny Asset Management L.P. 0.10% of their portfolio | 2.1m $42.7m | Added +425.0k |
| LPL Financial LLC 0.02% of their portfolio | 2.1m $41.8m | Added +85.1k |
| UniSuper Management Pty Ltd 0.30% of their portfolio | 2.1m $41.4m | Added +41.2k |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 2.0m $41.3m | Added +16.0k |
| Ceredex Value Advisors LLC 0.81% of their portfolio | 2.0m $40.3m | Added +232.1k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.08% of their portfolio | 2.0m $39.8m | Added +148.9k |
| PRUDENTIAL FINANCIAL INC 0.05% of their portfolio | 2.0m $39.5m | Added +356.0k |
| Energy Income Partners, LLC 0.80% of their portfolio | 1.9m $38.8m | New |
| Maryland State Retirement & Pension System 0.83% of their portfolio | 1.9m $38.7m | Reduced -9.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.07% of their portfolio | 1.9m $38.4m | Unchanged |
| Hudson Bay Capital Management LP 0.23% of their portfolio | 1.9m $38.2m | Added +34.4k |
| GROUPAMA ASSET MANAGMENT 0.05% of their portfolio | 1.9m $2.5m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio | 1.8m $37.2m | Reduced -89.4k |
| Columbus Hill Capital Management, L.P. 6.80% of their portfolio | 1.7m $35.3m | Added +280.0k |
| AVIVA PLC 0.09% of their portfolio | 1.7m $34.0m | Reduced -31.6k |
| SEI INVESTMENTS CO 0.04% of their portfolio | 1.7m $33.8m | Added +14.5k |