Plug Power
PLUG
472 hedge funds and large institutions have $1.04B invested in Plug Power in 2024 Q1 according to their latest regulatory filings, with 62 funds opening new positions, 159 increasing their positions, 124 reducing their positions, and 75 closing their positions.
28% more repeat investments, than reductions
Existing positions increased: 159 | Existing positions reduced: 124
3% less funds holding
Funds holding: 488 → 472 (-16)
10.25% less ownership
Funds ownership: 53.75% → 43.51% (-10%)
17% less first-time investments, than exits
New positions opened: 62 | Existing positions closed: 75
24% less call options, than puts
Call options by funds: $112M | Put options by funds: $148M
29% less capital invested
Capital invested by funds: $1.47B → $1.04B (-$430M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$14.1M |
| 2 |
Coatue Management
New York
|
+$12.8M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$10M |
| 4 |
D.E. Shaw & Co
New York
|
+$7.62M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
+$6.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$101M |
| 2 |
BNP Paribas Asset Management
Paris,
France
|
-$25.8M |
| 3 |
BlackRock
New York
|
-$11.5M |
| 4 |
Handelsbanken Fonder
Stockholm,
Sweden
|
-$10.3M |
| 5 |
UM
UniSuper Management
Melbourne, Victoria,
Australia
|
-$9.29M |
PLUG Hedge Fund Activity: Q1 2024 in Review
472 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Plug Power (PLUG) for Q1 2024, worth a combined $1.04B — down 29% from $1.47B a quarter earlier.
Sellers outnumbered buyers: 75 funds closed out of PLUG and 62 opened new positions — a net loss of 13 holders — while 124 trimmed existing stakes and 159 added.
The largest buyer was Citadel Advisors, adding an estimated $14.1M. The largest seller was Morgan Stanley, cutting an estimated $101M.
- 472 institutional investors held Plug Power (PLUG) as of Q1 2024, down from 488 in Q4 2023.
- Funds reported $1.04B of Plug Power stock for Q1 2024, down 29% quarter-over-quarter.
- 62 funds opened new Plug Power positions in Q1 2024 and 75 closed out, a net change of -13 holders.
- The largest Plug Power buyer in Q1 2024 was Citadel Advisors, an estimated $14.1M added.
- The largest Plug Power seller in Q1 2024 was Morgan Stanley, an estimated $101M sold.
Based on aggregated 13F filings for Q1 2024.