Clearway Energy Class C
CWEN
144 hedge funds and large institutions have $957M invested in Clearway Energy Class C in 2017 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 55 increasing their positions, 44 reducing their positions, and 23 closing their positions.
150% more funds holding in top 10
Funds holding in top 10: 2 → 5 (+3)
120% more call options, than puts
Call options by funds: $15.7M | Put options by funds: $7.13M
25% more repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 44
14% more capital invested
Capital invested by funds: $839M → $957M (+$118M)
1.54% more ownership
Funds ownership: 84.54% → 86.09% (+1.5%)
6% less funds holding
Funds holding: 153 → 144 (-9)
13% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$70.5M |
| 2 |
Norges Bank
Oslo,
Norway
|
+$21M |
| 3 |
Millennium Management
New York
|
+$12.4M |
| 4 |
Bank of New York Mellon
New York
|
+$10.6M |
| 5 |
WAM
Warlander Asset Management
New York
|
+$5.99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCS
Levin Capital Strategies
New York
|
-$28.2M |
| 2 |
Morgan Stanley
New York
|
-$10.6M |
| 3 |
PC
Passport Capital
San Francisco,
California
|
-$6.4M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$3.79M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$3.68M |
CWEN Hedge Fund Activity: Q1 2017 in Review
144 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Clearway Energy Class C (CWEN) for Q1 2017, worth a combined $957M — up 14% from $839M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of CWEN and 20 opened new positions — a net loss of 3 holders — while 44 trimmed existing stakes and 55 added.
The largest buyer was BlackRock, adding an estimated $70.5M. The largest seller was Levin Capital Strategies, exiting entirely with an estimated $28.2M sold.
- 144 institutional investors held Clearway Energy Class C (CWEN) as of Q1 2017, down from 153 in Q4 2016.
- Funds reported $957M of Clearway Energy Class C stock for Q1 2017, up 14% quarter-over-quarter.
- 20 funds opened new Clearway Energy Class C positions in Q1 2017 and 23 closed out, a net change of -3 holders.
- The largest Clearway Energy Class C buyer in Q1 2017 was BlackRock, an estimated $70.5M added.
- The largest Clearway Energy Class C seller in Q1 2017 was Levin Capital Strategies, an estimated $28.2M sold.
Based on aggregated 13F filings for Q1 2017.