TerraForm Power, Inc
TERP
TERP was delisted on the 30th of July, 2020.
143 hedge funds and large institutions have $1.12B invested in TerraForm Power, Inc in 2015 Q4 according to their latest regulatory filings, with 45 funds opening new positions, 49 increasing their positions, 41 reducing their positions, and 64 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 41
3% less call options, than puts
Call options by funds: $20.4M | Put options by funds: $21M
4% less capital invested
Capital invested by funds: $1.17B → $1.12B (-$49.3M)
12% less funds holding
Funds holding: 162 → 143 (-19)
30% less first-time investments, than exits
New positions opened: 45 | Existing positions closed: 64
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AM
Appaloosa Management
Miami Beach,
Florida
|
+$108M |
| 2 |
D.E. Shaw & Co
New York
|
+$86.6M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$84.3M |
| 4 |
AIM
Assured Investment Management
New York
|
+$58.4M |
| 5 |
Adage Capital Partners
Boston,
Massachusetts
|
+$41.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
-$50.2M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$48.9M |
| 3 |
TCA
Taconic Capital Advisors
New York
|
-$25.6M |
| 4 |
SC
Samlyn Capital
New York
|
-$25.2M |
| 5 |
SCA
Salient Capital Advisors
Houston,
Texas
|
-$23M |
TERP Hedge Fund Activity: Q4 2015 in Review
143 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in TerraForm Power, Inc (TERP) for Q4 2015, worth a combined $1.12B — down 4.2% from $1.17B a quarter earlier.
Sellers outnumbered buyers: 64 funds closed out of TERP and 45 opened new positions — a net loss of 19 holders — while 41 trimmed existing stakes and 49 added.
The largest buyer was Appaloosa Management, opening a new position worth an estimated $108M. The largest seller was Jennison Associates, exiting entirely with an estimated $50.2M sold.
- 143 institutional investors held TerraForm Power, Inc (TERP) as of Q4 2015, down from 162 in Q3 2015.
- Funds reported $1.12B of TerraForm Power, Inc stock for Q4 2015, down 4.2% quarter-over-quarter.
- 45 funds opened new TerraForm Power, Inc positions in Q4 2015 and 64 closed out, a net change of -19 holders.
- The largest TerraForm Power, Inc buyer in Q4 2015 was Appaloosa Management, an estimated $108M added.
- The largest TerraForm Power, Inc seller in Q4 2015 was Jennison Associates, an estimated $50.2M sold.
Based on aggregated 13F filings for Q4 2015.