TerraForm Power, Inc
TERP
TERP was delisted on the 30th of July, 2020.
91 hedge funds and large institutions have $738M invested in TerraForm Power, Inc in 2017 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 29 increasing their positions, 28 reducing their positions, and 23 closing their positions.
4% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 28
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
9% less funds holding
Funds holding: 100 → 91 (-9)
17% less capital invested
Capital invested by funds: $892M → $738M (-$154M)
39% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 23
80% less call options, than puts
Call options by funds: $2.21M | Put options by funds: $11.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EA
Ecofin Advisors
London,
United Kingdom
|
+$18M |
| 2 |
Norges Bank
Oslo,
Norway
|
+$10.3M |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$9.29M |
| 4 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$8.2M |
| 5 |
BlackRock
New York
|
+$3.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$133M |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
-$108M |
| 3 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$13M |
| 4 |
ACI
AB CarVal Investors
Minneapolis,
Minnesota
|
-$10.6M |
| 5 |
Millennium Management
New York
|
-$3.18M |
TERP Hedge Fund Activity: Q3 2017 in Review
91 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in TerraForm Power, Inc (TERP) for Q3 2017, worth a combined $738M — down 17% from $892M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of TERP and 14 opened new positions — a net loss of 9 holders — while 28 trimmed existing stakes and 29 added.
The largest buyer was Ecofin Advisors, opening a new position worth an estimated $18M. The largest seller was Brookfield Corp, exiting entirely with an estimated $133M sold.
- 91 institutional investors held TerraForm Power, Inc (TERP) as of Q3 2017, down from 100 in Q2 2017.
- Funds reported $738M of TerraForm Power, Inc stock for Q3 2017, down 17% quarter-over-quarter.
- 14 funds opened new TerraForm Power, Inc positions in Q3 2017 and 23 closed out, a net change of -9 holders.
- The largest TerraForm Power, Inc buyer in Q3 2017 was Ecofin Advisors, an estimated $18M added.
- The largest TerraForm Power, Inc seller in Q3 2017 was Brookfield Corp, an estimated $133M sold.
Based on aggregated 13F filings for Q3 2017.