TerraForm Power, Inc
TERP
TERP was delisted on the 30th of July, 2020.
123 hedge funds and large institutions have $968M invested in TerraForm Power, Inc in 2016 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 36 increasing their positions, 50 reducing their positions, and 22 closing their positions.
7% less funds holding
Funds holding: 132 → 123 (-9)
13% less capital invested
Capital invested by funds: $1.11B → $968M (-$147M)
27% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 22
28% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 50
50% less call options, than puts
Call options by funds: $12.8M | Put options by funds: $25.5M
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Harrisburg,
Pennsylvania
|
+$12.5M |
| 2 |
AFA
Alta Fundamental Advisers
New York
|
+$10.9M |
| 3 |
Morgan Stanley
New York
|
+$6.22M |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$5.83M |
| 5 |
AGC
Angelo Gordon & Co
New York
|
+$4.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Greenlight Capital
New York
|
-$21.3M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
-$20M |
| 3 |
AMH
Apollo Management Holdings
New York
|
-$8.2M |
| 4 |
CCM
Cobalt Capital Management
Short Hills,
New Jersey
|
-$6.62M |
| 5 |
VOAM
Vertex One Asset Management
Vancouver,
British Columbia, Canada
|
-$3.47M |
TERP Hedge Fund Activity: Q4 2016 in Review
123 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in TerraForm Power, Inc (TERP) for Q4 2016, worth a combined $968M — down 13% from $1.11B a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of TERP and 16 opened new positions — a net loss of 6 holders — while 50 trimmed existing stakes and 36 added.
The largest buyer was Commonwealth of Pennsylvania Public School Employees Retirement System, opening a new position worth an estimated $12.5M. The largest seller was Greenlight Capital, exiting entirely with an estimated $21.3M sold.
- 123 institutional investors held TerraForm Power, Inc (TERP) as of Q4 2016, down from 132 in Q3 2016.
- Funds reported $968M of TerraForm Power, Inc stock for Q4 2016, down 13% quarter-over-quarter.
- 16 funds opened new TerraForm Power, Inc positions in Q4 2016 and 22 closed out, a net change of -6 holders.
- The largest TerraForm Power, Inc buyer in Q4 2016 was Commonwealth of Pennsylvania Public School Employees Retirement System, an estimated $12.5M added.
- The largest TerraForm Power, Inc seller in Q4 2016 was Greenlight Capital, an estimated $21.3M sold.
Based on aggregated 13F filings for Q4 2016.