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 ($239.0m this quarter). Holder counts are more reliable. Shares outstanding: 2.7bn as of 2026-04-15, 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 ≈ $17.58. Options: 37 managers hold calls ($371.9m notional), 36 hold puts ($176.0m).
Trends to Q1 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 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 345 | 271 |
| 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 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $948.3m | $449.6m | 0.47 |
| Q3 2025 | $1.7bn | $562.6m | 0.34 |
| Q4 2025 | $532.8m | $285.6m | 0.54 |
| Q1 2026 | $371.9m | $176.0m | 0.47 |
Biggest buyers
| AQR CAPITAL MANAGEMENT LLC | Added | +11.4m |
| PointState Capital LP | Added | +9.7m |
| Clearbridge Investments, LLC | Added | +8.4m |
| JANE STREET GROUP, LLC | Added | +8.2m |
| Qube Research & Technologies Ltd | Added | +7.9m |
| Allianz Asset Management GmbH | Added | +6.1m |
| GOLDMAN SACHS GROUP INC | Added | +6.1m |
| TWO SIGMA INVESTMENTS, LP | Added | +5.9m |
| 140 Summer Partners LP | New | +4.9m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | New | +4.7m |
Biggest sellers
| Third Point LLC | Sold out | -34.3m |
| Capital Research Global Investors | Reduced | -15.2m |
| Capital International Investors | Sold out | -12.8m |
| HSBC HOLDINGS PLC | Reduced | -9.1m |
| BlackRock, Inc. | Reduced | -8.7m |
| Silver Point Capital L.P. | Sold out | -7.3m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -6.2m |
| Empyrean Capital Partners, LP | Sold out | -5.9m |
| CITADEL ADVISORS LLC | Reduced | -5.8m |
| BANK OF AMERICA CORP /DE/ | Reduced | -5.5m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $85.6m4.9m shares |
| Centiva Capital, LP | Reduced | $34.9m2.0m shares |
| CITADEL ADVISORS LLC | Reduced | $29.6m1.7m shares |
| CITIGROUP INC | Added | $20.8m1.2m shares |
| UBS Group AG | Reduced | $19.4m1.1m shares |
| LONESTAR CAPITAL MANAGEMENT LLC | New | $17.6m10.0k shares |
| NOMURA HOLDINGS INC | Reduced | $17.6m999.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $17.5m995.8k shares |
| Walleye Trading LLC | Added | $14.9m845.8k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $12.5m712.3k shares |
Biggest puts
| Portman Square Capital LLP | Reduced | $66.8m3.8m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $33.7m1.9m shares |
| Walleye Trading LLC | Added | $17.9m1.0m shares |
| Point72 Asset Management, L.P. | Reduced | $7.5m426.4k shares |
| IMC-Chicago, LLC | Added | $4.2m241.5k shares |
| BARCLAYS PLC | New | $4.1m232.7k shares |
| JANE STREET GROUP, LLC | Reduced | $4.0m226.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $3.9m223.6k shares |
| CITADEL ADVISORS LLC | Reduced | $3.8m215.4k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $3.3m187.3k 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 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 |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 1 | $1.0m | $1.0m |
| Q3 2024 | 0 | — | 1 | $707.2k | $707.2k |
| 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 |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-17 | Cooper Kerry Whorton Director | Sold plan | $46.7k2.5k shares |
| 2026-03-16 | Peterman Carla J President, EVP Cust&Corp Afrs | Sold plan | $582.0k31.8k shares |
| 2026-03-05 | Singh Sumeet CEO and EVP at PG&E Company | Sold plan | $1.0m55.7k shares |
| 2026-02-19 | SIMON JOHN R EVP, GC, Chief E&C Officer · Held by Simon Family Trust | Sold plan | $820.9k45.6k shares |
| 2026-02-18 | Poppe Patricia K Chief Executive Officer, director · Held by Patricia K. Poppe Revocable Living Trust | Sold plan | $559.4k31.2k shares |
| 2026-02-18 | SIMON JOHN R EVP, GC, Chief E&C Officer · Held by Simon Family Trust | Sold plan | $79.1k4.4k 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, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.06% of their portfolio | 195.5m $3.4bn | Reduced -8.7m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 141.1m $2.5bn | First filing |
| STATE STREET CORP 0.08% of their portfolio | 125.9m $2.2bn | Added +3.3m |
| FMR LLC 0.11% of their portfolio | 119.1m $2.1bn | Added +3.3m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.65% of their portfolio | 109.4m $1.9bn | Reduced -6.2m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.10% of their portfolio | 109.1m $1.9bn | First filing |
| AQR CAPITAL MANAGEMENT LLC 0.69% of their portfolio | 86.2m $1.5bn | Added +11.4m |
| GEODE CAPITAL MANAGEMENT, LLC 0.07% of their portfolio | 65.0m $1.2bn | Added +2.8m |
| DEUTSCHE BANK AG\ 0.25% of their portfolio | 43.9m $771.3m | Added +1.6m |
| AMERIPRISE FINANCIAL INC 0.14% of their portfolio | 35.1m $615.9m | Reduced -915.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.06% of their portfolio | 31.4m $551.5m | Reduced -4.2m |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 1.67% of their portfolio | 28.9m $508.6m | Added +2.2m |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 28.3m $494.9m | Reduced -970.7k |
| Clearbridge Investments, LLC 0.40% of their portfolio | 26.0m $456.5m | Added +8.4m |
| Sessa Capital IM, L.P. 8.22% of their portfolio | 24.6m $431.8m | Unchanged |
| Legal & General Group Plc 0.10% of their portfolio | 23.9m $419.7m | Added +220.0k |
| FRANKLIN RESOURCES INC 0.09% of their portfolio | 21.6m $379.5m | Added +1.6m |
| PointState Capital LP 8.76% of their portfolio | 21.5m $377.2m | Added +9.7m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.23% of their portfolio | 20.2m $355.4m | Reduced -1.0m |
| HSBC HOLDINGS PLC 0.20% of their portfolio | 18.9m $331.6m | Reduced -9.1m |
| Gallagher Fiduciary Advisors, LLC 12.62% of their portfolio | 18.5m $325.2m | Reduced -919.8k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 18.2m $320.0m | Reduced -535.1k |
| MORGAN STANLEY 0.02% of their portfolio | 18.1m $318.7m | Added +1.9m |
| Capital Research Global Investors 0.05% of their portfolio | 17.4m $304.9m | Reduced -15.2m |
| Invesco Ltd. 0.03% of their portfolio | 17.1m $300.2m | Reduced -817.7k |
| VAN ECK ASSOCIATES CORP 0.20% of their portfolio | 15.5m $272.4m | Added +2.6m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 15.2m $267.5m | Added +388.4k |
| MILLENNIUM MANAGEMENT LLC 0.20% of their portfolio | 14.9m $261.5m | Reduced -1.9m |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 14.9m $261.4m | Added +6.1m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 14.6m $256.4m | Reduced -228.3k |
| Pictet Asset Management Holding SA 0.25% of their portfolio | 13.7m $241.3m | Reduced -3.1m |
| Sixth Street Partners Management Company, L.P. 33.64% of their portfolio | 13.6m $239.1m | Reduced -1.2m |
| Qube Research & Technologies Ltd 0.34% of their portfolio | 13.6m $238.7m | Added +7.9m |
| ATLAS Infrastructure Partners (UK) Ltd. 8.25% of their portfolio | 13.3m $234.4m | Reduced -785.3k |
| JANE STREET GROUP, LLC 0.24% of their portfolio | 12.6m $222.0m | Added +8.2m |
| VANGUARD FIDUCIARY TRUST CO 0.05% of their portfolio | 12.3m $216.5m | First filing |
| WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio | 12.0m $210.4m | Reduced -1.2m |
| Man Group plc 0.44% of their portfolio | 12.0m $210.3m | Reduced -1.9m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.11% of their portfolio | 11.5m $202.0m | Added +4.5m |
| CITADEL ADVISORS LLC 0.14% of their portfolio | 11.4m $199.7m | Reduced -5.8m |
| Bank of New York Mellon Corp 0.04% of their portfolio | 11.2m $197.0m | Reduced -108.5k |
| Brookfield Corp /ON/ 0.26% of their portfolio | 11.0m $192.9m | Reduced -367.4k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 10.3m $181.2m | Reduced -5.5m |
| MACKENZIE FINANCIAL CORP 0.22% of their portfolio | 10.2m $180.0m | Added +2.1m |
| Allianz Asset Management GmbH 0.20% of their portfolio | 10.1m $177.2m | Added +6.1m |
| Eurizon Capital SGR S.p.A. 0.54% of their portfolio | 9.8m $171.4m | Added +136.6k |
| Mitsubishi UFJ Trust & Banking Corp 0.41% of their portfolio | 9.4m $164.9m | Reduced -112.1k |
| Point72 Asset Management, L.P. 0.27% of their portfolio | 8.9m $157.2m | Reduced -3.5m |
| JENNISON ASSOCIATES LLC 0.11% of their portfolio | 8.9m $157.1m | Reduced -190.0k |
| COHEN & STEERS, INC. 0.26% of their portfolio | 8.5m $150.1m | Added +1.7m |
| BANK OF MONTREAL /CAN/ 0.06% of their portfolio | 8.5m $149.3m | Reduced -3.3m |
| BARCLAYS PLC 0.05% of their portfolio | 8.5m $148.5m | Reduced -991.9k |
| LOCUST WOOD CAPITAL ADVISERS, LLC 3.94% of their portfolio | 8.2m $144.6m | Reduced -279.7k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 7.9m $139.3m | Added +323.3k |
| Covalis Capital LLP 8.56% of their portfolio | 7.9m $139.0m | Reduced -2.0m |
| Nuveen, LLC 0.03% of their portfolio | 7.2m $125.8m | Added +143.5k |
| ECP ControlCo, LLC 1.97% of their portfolio | 7.1m $125.2m | Unchanged |
| TWO SIGMA INVESTMENTS, LP 0.10% of their portfolio | 7.1m $124.0m | Added +5.9m |
| Balyasny Asset Management L.P. 0.24% of their portfolio | 6.8m $120.2m | Added +11.7k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 1.78% of their portfolio | 6.8m $120.1m | Reduced -113.4k |
| DME Capital Management, LP 3.65% of their portfolio | 6.6m $116.5m | Reduced -1.2m |
| Swiss National Bank 0.07% of their portfolio | 6.5m $113.3m | Added +427.6k |
| Zimmer Partners, LP 2.77% of their portfolio | 6.4m $112.8m | Reduced -867.7k |
| Amundi 0.03% of their portfolio | 6.2m $108.3m | Added +1.3m |
| PRUDENTIAL FINANCIAL INC 0.12% of their portfolio | 5.7m $100.5m | Added +4.6m |
| IEQ CAPITAL, LLC 0.47% of their portfolio | 5.7m $100.3m | Added +895.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio | 5.6m $98.3m | Added +1.2m |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.38% of their portfolio | 5.5m $96.6m | Reduced -222.7k |
| California Public Employees Retirement System 0.06% of their portfolio | 5.3m $93.3m | Reduced -98.4k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.16% of their portfolio | 5.3m $92.6m | Reduced -3.9m |
| Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio | 5.2m $91.5m | Reduced -410.0k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.93% of their portfolio | 5.1m $89.2m | Reduced -132.0k |
| UBS Group AG 0.02% of their portfolio | 5.0m $88.7m | Reduced -681.1k |
| National Pension Service 0.07% of their portfolio | 5.0m $88.4m | Added +1.5m |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.06% of their portfolio | 5.0m $87.0m | Added +400.3k |
| 140 Summer Partners LP 7.65% of their portfolio | 4.9m $86.7m | New |
| Vanguard Global Advisers, LLC 0.05% of their portfolio | 4.8m $84.3m | First filing |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.33% of their portfolio | 4.7m $82.7m | New |
| Aberdeen Group plc 0.13% of their portfolio | 4.6m $81.5m | Added +216.8k |
| HRT FINANCIAL LP 0.29% of their portfolio | 4.6m $81.0m | Added +3.1m |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.41% of their portfolio | 4.6m $80.0m | Reduced -228.1k |
| Russell Investments Group, Ltd. 0.09% of their portfolio | 4.5m $79.7m | Added +803.0k |
| TUDOR INVESTMENT CORP ET AL 0.42% of their portfolio | 4.5m $78.7m | Added +3.8m |
| ACADIAN ASSET MANAGEMENT LLC 0.11% of their portfolio | 4.5m $78.4m | Added +2.0m |
| Danica Pension, Livsforsikringsaktieselskab 1.44% of their portfolio | 4.4m $76.9m | Reduced -1.1m |
| RHUMBLINE ADVISERS 0.06% of their portfolio | 4.2m $73.5m | Reduced -103.6k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.11% of their portfolio | 4.1m $72.3m | Added +382.7k |
| Ensign Peak Advisors, Inc 0.13% of their portfolio | 4.0m $70.1m | Reduced -13.1k |
| FIRST TRUST ADVISORS LP 0.05% of their portfolio | 3.7m $64.2m | Reduced -2.6m |
| VANGUARD ASSET MANAGEMENT, Ltd 0.05% of their portfolio | 3.5m $61.2m | First filing |
| Electron Capital Partners, LLC 2.87% of their portfolio | 3.5m $61.2m | Added +1.1m |
| CITIGROUP INC 0.04% of their portfolio | 3.5m $60.9m | Reduced -759.1k |
| CANADA LIFE ASSURANCE Co 0.11% of their portfolio | 3.4m $59.6m | Reduced -95.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 3.4m $58.9m | Added +148.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio | 3.2m $57.1m | Reduced -69.1k |
| Cerity Partners LLC 0.08% of their portfolio | 3.2m $55.4m | Reduced -2.3m |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 3.1m $50.0m | Reduced -570.5k |
| Rokos Capital Management LLP 0.95% of their portfolio | 3.0m $53.4m | Reduced -2.0m |
| SG Americas Securities, LLC 0.06% of their portfolio | 3.0m $52.4m | Added +2.3m |
| Focus Partners Wealth 0.06% of their portfolio | 2.9m $51.7m | Added +577.8k |