Eletrobras Preferred Shares (EBR.B)

• Market cap: $16.4B

About: Centrais Eletricas Brasileiras SA is engaged in the generation, transmission, and commercialization of electricity in Brazil. The company operates a portfolio of wind, thermal, hydro, and nuclear power plants located throughout the country. Its segments are Generation which consists of the generation of electric energy and the sale of energy to distribution companies and free consumers, and commercialization; Transmission which consists of the transmission of electric energy; and Administration activities mainly represent the Company's cash management, the management of the compulsory loan, and the management of business in SPEs, and others.

Employees: 8,328

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

75% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 4

7% more funds holding

Funds holding: 43 [Q1] → 46 (+3) [Q2]

0.19% less ownership

Funds ownership: 0.93% [Q1] → 0.73% (-0.19%) [Q2]

39% less capital invested

Capital invested by funds: $24M [Q1] → $14.6M (-$9.35M) [Q2]

53% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 19