TerraForm Power, Inc
TERP
TERP was delisted on the 30th of July, 2020.
141 hedge funds and large institutions have $929M invested in TerraForm Power, Inc in 2016 Q2 according to their latest regulatory filings, with 41 funds opening new positions, 49 increasing their positions, 35 reducing their positions, and 43 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 35
35% more capital invested
Capital invested by funds: $690M → $929M (+$240M)
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
5% less first-time investments, than exits
New positions opened: 41 | Existing positions closed: 43
2% less funds holding
Funds holding: 144 → 141 (-3)
42% less call options, than puts
Call options by funds: $16.8M | Put options by funds: $28.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
+$95M |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
+$83.6M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$46.3M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$23.8M |
| 5 |
FCM
Farmstead Capital Management
Ridgewood,
New Jersey
|
+$15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIM
Assured Investment Management
New York
|
-$79.3M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$30.7M |
| 3 |
CG
Carlyle Group
Washington,
District of Columbia
|
-$26.1M |
| 4 |
RH
Riverstone Holdings
New York
|
-$26.1M |
| 5 |
Adage Capital Partners
Boston,
Massachusetts
|
-$22.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
Arrowstreet Capital
Boston,
Massachusetts
| – | -$93K | -10,800 | Closed |
|
|
URS
177
Utah Retirement Systems
Salt Lake City,
Utah
| – | -$88K | -10,200 | Closed |
|
|
MGA
178
MatlinPatterson Global Advisers
New York
| – | -$29K | -3,300 | Closed |
|
179
Public Employees Retirement Association of Colorado
Denver,
Colorado
| – | -$16K | -1,849 | Closed |
|
|
TWA
180
TCI Wealth Advisors
Tucson,
Arizona
| – | -$2K | -253 | Closed |
|
|
HR
181
Howe & Rusling
Rochester,
New York
| – | -$1K | -100 | Closed |
|
|
TF
182
Tompkins Financial
Ithaca,
New York
| – | -$1K | -100 | Closed |
|
|
QI
183
QS Investors
New York
| – | -$1K | -53 | Closed |
|
|
FQ
184
First Quadrant
Glendale,
California
| – | +$351 | +38 | New |
|
TERP Hedge Fund Activity: Q2 2016 in Review
141 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in TerraForm Power, Inc (TERP) for Q2 2016, worth a combined $929M — up 35% from $690M a quarter earlier.
Sellers outnumbered buyers: 43 funds closed out of TERP and 41 opened new positions — a net loss of 2 holders — while 35 trimmed existing stakes and 49 added.
The largest buyer was Brookfield Corp, adding an estimated $95M. The largest seller was Assured Investment Management, exiting entirely with an estimated $79.3M sold.
- 141 institutional investors held TerraForm Power, Inc (TERP) as of Q2 2016, down from 144 in Q1 2016.
- Funds reported $929M of TerraForm Power, Inc stock for Q2 2016, up 35% quarter-over-quarter.
- 41 funds opened new TerraForm Power, Inc positions in Q2 2016 and 43 closed out, a net change of -2 holders.
- The largest TerraForm Power, Inc buyer in Q2 2016 was Brookfield Corp, an estimated $95M added.
- The largest TerraForm Power, Inc seller in Q2 2016 was Assured Investment Management, an estimated $79.3M sold.
Based on aggregated 13F filings for Q2 2016.