Sunnova Energy
NOVA
NOVA was delisted on the 6th of June, 2025.
228 hedge funds and large institutions have $1.55B invested in Sunnova Energy in 2023 Q3 according to their latest regulatory filings, with 39 funds opening new positions, 93 increasing their positions, 68 reducing their positions, and 44 closing their positions.
37% more repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 68
0.04% more ownership
Funds ownership: 121.59% → 121.63% (+0.04%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
3% less funds holding
Funds holding: 235 → 228 (-7)
11% less first-time investments, than exits
New positions opened: 39 | Existing positions closed: 44
40% less capital invested
Capital invested by funds: $2.58B → $1.55B (-$1.04B)
61% less call options, than puts
Call options by funds: $49.6M | Put options by funds: $126M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Asset Management
Paris,
France
|
+$62M |
| 2 |
ECP
Electron Capital Partners
New York
|
+$24.9M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
+$17.3M |
| 4 |
Amundi
Paris,
France
|
+$16.3M |
| 5 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$13.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
-$46.7M |
| 2 |
MIM
Merewether Investment Management
Dallas,
Texas
|
-$27.8M |
| 3 |
BlackRock
New York
|
-$21.6M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$19.8M |
| 5 |
Man Group
London,
United Kingdom
|
-$15.6M |
NOVA Hedge Fund Activity: Q3 2023 in Review
228 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Sunnova Energy (NOVA) for Q3 2023, worth a combined $1.55B — down 40% from $2.58B a quarter earlier.
Sellers outnumbered buyers: 44 funds closed out of NOVA and 39 opened new positions — a net loss of 5 holders — while 68 trimmed existing stakes and 93 added.
The largest buyer was BNP Paribas Asset Management, adding an estimated $62M. The largest seller was Hood River Capital Management, exiting entirely with an estimated $46.7M sold.
- 228 institutional investors held Sunnova Energy (NOVA) as of Q3 2023, down from 235 in Q2 2023.
- Funds reported $1.55B of Sunnova Energy stock for Q3 2023, down 40% quarter-over-quarter.
- 39 funds opened new Sunnova Energy positions in Q3 2023 and 44 closed out, a net change of -5 holders.
- The largest Sunnova Energy buyer in Q3 2023 was BNP Paribas Asset Management, an estimated $62M added.
- The largest Sunnova Energy seller in Q3 2023 was Hood River Capital Management, an estimated $46.7M sold.
Based on aggregated 13F filings for Q3 2023.