Terran Orbital Corporation
LLAP
LLAP was delisted on the 29th of October, 2024.
22 hedge funds and large institutions have $301M invested in Terran Orbital Corporation in 2022 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 2 increasing their positions, 5 reducing their positions, and 63 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
7% less capital invested
Capital invested by funds: $324M → $301M (-$23.1M)
60% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 5
69% less funds holding
Funds holding: 71 → 22 (-49)
78% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 63
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
+$223M |
| 2 |
LM
Lockheed Martin
Bethesda,
Maryland
|
+$130M |
| 3 |
FPM
Francisco Partners Management
San Francisco,
California
|
+$51.5M |
| 4 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$3.26M |
| 5 |
Goldman Sachs
New York
|
+$3.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
-$20.2M |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
-$17.5M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$16.1M |
| 4 |
AS
Altshuler Shaham
Tel Aviv,
Israel
|
-$13M |
| 5 |
Millennium Management
New York
|
-$11.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$436K | -44,061 | Closed |
|
|
AA
77
Ancora Advisors
Cleveland,
Ohio
| – | -$260K | -26,300 | Closed |
|
|
FIA
78
FNY Investment Advisers
New York
| – | -$247K | -25,000 | Closed |
|
|
UFM
79
Ursa Fund Management
Danville,
California
| – | -$247K | -25,000 | Closed |
|
|
MIG
80
Mariner Investment Group
Harrison,
New York
| – | -$198K | -20,000 | Closed |
|
|
RA
81
RiverPark Advisors
New York
| – | -$119K | -11,998 | Closed |
|
|
PCM
82
Prelude Capital Management
New York
| – | -$99K | -10,000 | Closed |
|
83
UBS Group
Zurich,
Switzerland
| – | -$17K | -1,696 | Closed |
|
|
DCM
84
Dupont Capital Management
Wilmington,
Delaware
| – | +$20 | +2 | New |
|
|
CS
85
Clear Street
New York
| – | +$69 | +7 | New |
|
LLAP Hedge Fund Activity: Q1 2022 in Review
22 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Terran Orbital Corporation (LLAP) for Q1 2022, worth a combined $301M — down 7.1% from $324M a quarter earlier.
Sellers outnumbered buyers: 63 funds closed out of LLAP and 14 opened new positions — a net loss of 49 holders — while 5 trimmed existing stakes and 2 added.
The largest buyer was Beach Point Capital Management, opening a new position worth an estimated $223M. The largest seller was Glazer Capital LLC, exiting entirely with an estimated $20.2M sold.
- 22 institutional investors held Terran Orbital Corporation (LLAP) as of Q1 2022, down from 71 in Q4 2021.
- Funds reported $301M of Terran Orbital Corporation stock for Q1 2022, down 7.1% quarter-over-quarter.
- 14 funds opened new Terran Orbital Corporation positions in Q1 2022 and 63 closed out, a net change of -49 holders.
- The largest Terran Orbital Corporation buyer in Q1 2022 was Beach Point Capital Management, an estimated $223M added.
- The largest Terran Orbital Corporation seller in Q1 2022 was Glazer Capital LLC, an estimated $20.2M sold.
Based on aggregated 13F filings for Q1 2022.