Terran Orbital Corporation
LLAP
LLAP was delisted on the 29th of October, 2024.
86 hedge funds and large institutions have $118M invested in Terran Orbital Corporation in 2023 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 37 increasing their positions, 11 reducing their positions, and 14 closing their positions.
236% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 11
135% more call options, than puts
Call options by funds: $1.33M | Put options by funds: $565K
36% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 14
6% more funds holding
Funds holding: 81 → 86 (+5)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
3% less capital invested
Capital invested by funds: $122M → $118M (-$4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Armistice Capital
New York
|
+$24.3M |
| 2 |
BlackRock
New York
|
+$4.26M |
| 3 |
GC
Gratia Capital
Los Angeles,
California
|
+$1.01M |
| 4 |
State Street
Boston,
Massachusetts
|
+$841K |
| 5 |
LCGC
Legacy Capital Group California
Los Gatos,
California
|
+$828K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
-$10.5M |
| 2 |
BPCM
Beach Point Capital Management
Santa Monica,
California
|
-$4.31M |
| 3 |
Millennium Management
New York
|
-$1.56M |
| 4 |
SSW
Stone Summit Wealth
Miami,
Florida
|
-$649K |
| 5 |
SEI Investments
Oaks,
Pennsylvania
|
-$203K |
LLAP Hedge Fund Activity: Q2 2023 in Review
86 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Terran Orbital Corporation (LLAP) for Q2 2023, worth a combined $118M — down 3.3% from $122M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new LLAP positions and 14 closed out — a net gain of 5 holders — while 37 added to existing stakes and 11 trimmed.
The largest buyer was Armistice Capital, opening a new position worth an estimated $24.3M. The largest seller was Hood River Capital Management, exiting entirely with an estimated $10.5M sold.
- 86 institutional investors held Terran Orbital Corporation (LLAP) as of Q2 2023, up from 81 in Q1 2023.
- Funds reported $118M of Terran Orbital Corporation stock for Q2 2023, down 3.3% quarter-over-quarter.
- 19 funds opened new Terran Orbital Corporation positions in Q2 2023 and 14 closed out, a net change of +5 holders.
- The largest Terran Orbital Corporation buyer in Q2 2023 was Armistice Capital, an estimated $24.3M added.
- The largest Terran Orbital Corporation seller in Q2 2023 was Hood River Capital Management, an estimated $10.5M sold.
Based on aggregated 13F filings for Q2 2023.