Spruce Power Holding Corp
SPRU
55 hedge funds and large institutions have $121M invested in Spruce Power Holding Corp in 2020 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 7 increasing their positions, 17 reducing their positions, and 17 closing their positions.
71% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 17
56% more call options, than puts
Call options by funds: $2.56M | Put options by funds: $1.64M
28% more funds holding
Funds holding: 43 → 55 (+12)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3.31% less ownership
Funds ownership: 9.01% → 5.7% (-3.3%)
28% less capital invested
Capital invested by funds: $168M → $121M (-$46.9M)
59% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UFM
Ursa Fund Management
Danville,
California
|
+$23.6M |
| 2 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$13.2M |
| 3 |
CCM
Candlestick Capital Management
Greenwich,
Connecticut
|
+$5.3M |
| 4 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$3.52M |
| 5 |
DKCM
Davidson Kempner Capital Management
New York
|
+$2.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UOC
UBS O'Connor
Chicago,
Illinois
|
-$16.2M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$11.5M |
| 3 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$10.9M |
| 4 |
OP
Omni Partners
London,
United Kingdom
|
-$10.2M |
| 5 |
GCL
Glazer Capital LLC
New York
|
-$9.28M |
SPRU Hedge Fund Activity: Q3 2020 in Review
55 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in Spruce Power Holding Corp (SPRU) for Q3 2020, worth a combined $121M — down 28% from $168M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new SPRU positions and 17 closed out — a net gain of 12 holders — while 7 added to existing stakes and 17 trimmed.
The largest buyer was Ursa Fund Management, opening a new position worth an estimated $23.6M. The largest seller was UBS O'Connor, exiting entirely with an estimated $16.2M sold.
- 55 institutional investors held Spruce Power Holding Corp (SPRU) as of Q3 2020, up from 43 in Q2 2020.
- Funds reported $121M of Spruce Power Holding Corp stock for Q3 2020, down 28% quarter-over-quarter.
- 29 funds opened new Spruce Power Holding Corp positions in Q3 2020 and 17 closed out, a net change of +12 holders.
- The largest Spruce Power Holding Corp buyer in Q3 2020 was Ursa Fund Management, an estimated $23.6M added.
- The largest Spruce Power Holding Corp seller in Q3 2020 was UBS O'Connor, an estimated $16.2M sold.
Based on aggregated 13F filings for Q3 2020.