TerraForm Power, Inc
TERP
TERP was delisted on the 30th of July, 2020.
88 hedge funds and large institutions have $649M invested in TerraForm Power, Inc in 2018 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 32 increasing their positions, 28 reducing their positions, and 21 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 28
5% less funds holding
Funds holding: 93 → 88 (-5)
24% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 21
25% less capital invested
Capital invested by funds: $864M → $649M (-$215M)
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
51% less call options, than puts
Call options by funds: $337K | Put options by funds: $693K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$28.1M |
| 2 |
Morgan Stanley
New York
|
+$14.2M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$10.1M |
| 4 |
NGA
New Generation Advisors
Manchester,
Massachusetts
|
+$9.96M |
| 5 |
EA
Ecofin Advisors
London,
United Kingdom
|
+$4.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$125M |
| 2 |
CCP
Cyrus Capital Partners
New York
|
-$34.9M |
| 3 |
SCM
Stonehill Capital Management
New York
|
-$27M |
| 4 |
Millennium Management
New York
|
-$7.57M |
| 5 |
AL
Appaloosa LP
Short Hills,
New Jersey
|
-$5.83M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
OAM
101
Oxford Asset Management
Oxford,
United Kingdom
| – | -$290K | -24,374 | Closed |
|
102
Balyasny Asset Management
Chicago,
Illinois
| – | -$287K | -23,979 | Closed |
|
|
FRM
103
Fox Run Management
Greenwich,
Connecticut
| – | -$174K | -14,575 | Closed |
|
104
Teacher Retirement System of Texas
Austin,
Texas
| – | -$151K | -12,631 | Closed |
|
105
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
| – | -$147K | -12,304 | Closed |
|
|
MCM
106
Matarin Capital Management
New York
| – | -$133K | -11,145 | Closed |
|
|
II
107
Inspire Investing
Meridian,
Idaho
| – | -$57K | -4,739 | Closed |
|
|
NIT
108
NumerixS Investment Technologies
Vancouver,
British Columbia, Canada
| – | -$41K | -3,400 | Closed |
|
109
SEI Investments
Oaks,
Pennsylvania
| – | +$113 | +10 | New |
|
TERP Hedge Fund Activity: Q1 2018 in Review
88 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in TerraForm Power, Inc (TERP) for Q1 2018, worth a combined $649M — down 25% from $864M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of TERP and 16 opened new positions — a net loss of 5 holders — while 28 trimmed existing stakes and 32 added.
The largest buyer was Vanguard Group, adding an estimated $28.1M. The largest seller was Brookfield Corp, exiting entirely with an estimated $125M sold.
- 88 institutional investors held TerraForm Power, Inc (TERP) as of Q1 2018, down from 93 in Q4 2017.
- Funds reported $649M of TerraForm Power, Inc stock for Q1 2018, down 25% quarter-over-quarter.
- 16 funds opened new TerraForm Power, Inc positions in Q1 2018 and 21 closed out, a net change of -5 holders.
- The largest TerraForm Power, Inc buyer in Q1 2018 was Vanguard Group, an estimated $28.1M added.
- The largest TerraForm Power, Inc seller in Q1 2018 was Brookfield Corp, an estimated $125M sold.
Based on aggregated 13F filings for Q1 2018.