TerraForm Power, Inc
TERP
TERP was delisted on the 30th of July, 2020.
175 hedge funds and large institutions have $3.31B invested in TerraForm Power, Inc in 2020 Q1 according to their latest regulatory filings, with 37 funds opening new positions, 60 increasing their positions, 59 reducing their positions, and 39 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
71% more call options, than puts
Call options by funds: $1.74M | Put options by funds: $1.02M
3% more capital invested
Capital invested by funds: $3.2B → $3.31B (+$108M)
2% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 59
5% less first-time investments, than exits
New positions opened: 37 | Existing positions closed: 39
3% less funds holding
Funds holding: 180 → 175 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PSAMP
P. Schoenfeld Asset Management (PSAM)
New York
|
+$41.1M |
| 2 |
CIA
ClearBridge Investments (Australia)
Sydney,
Australia
|
+$34.6M |
| 3 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$18.9M |
| 4 |
AAM
Alpine Associates Management
Palm Beach,
Florida
|
+$18.9M |
| 5 |
GF
Gabelli Funds
Rye,
New York
|
+$17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$60.9M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$23.1M |
| 3 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$14.2M |
| 4 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$12.8M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$12.1M |
TERP Hedge Fund Activity: Q1 2020 in Review
175 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in TerraForm Power, Inc (TERP) for Q1 2020, worth a combined $3.31B — up 3.4% from $3.2B a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of TERP and 37 opened new positions — a net loss of 2 holders — while 59 trimmed existing stakes and 60 added.
The largest buyer was P. Schoenfeld Asset Management (PSAM), opening a new position worth an estimated $41.1M. The largest seller was Royal Bank of Canada, cutting an estimated $60.9M.
- 175 institutional investors held TerraForm Power, Inc (TERP) as of Q1 2020, down from 180 in Q4 2019.
- Funds reported $3.31B of TerraForm Power, Inc stock for Q1 2020, up 3.4% quarter-over-quarter.
- 37 funds opened new TerraForm Power, Inc positions in Q1 2020 and 39 closed out, a net change of -2 holders.
- The largest TerraForm Power, Inc buyer in Q1 2020 was P. Schoenfeld Asset Management (PSAM), an estimated $41.1M added.
- The largest TerraForm Power, Inc seller in Q1 2020 was Royal Bank of Canada, an estimated $60.9M sold.
Based on aggregated 13F filings for Q1 2020.