TerraForm Power, Inc
TERP
TERP was delisted on the 30th of July, 2020.
145 hedge funds and large institutions have $695M invested in TerraForm Power, Inc in 2016 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 51 increasing their positions, 40 reducing their positions, and 33 closing their positions.
28% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 40
1% more funds holding
Funds holding: 143 → 145 (+2)
9% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 33
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
38% less capital invested
Capital invested by funds: $1.13B → $695M (-$431M)
77% less call options, than puts
Call options by funds: $4.61M | Put options by funds: $20.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$24.5M |
| 2 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$19.7M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
+$9.71M |
| 4 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
+$7.45M |
| 5 |
AWCI
Alpine Woods Capital Investors
Purchase,
New York
|
+$5.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCG
Luxor Capital Group
New York
|
-$75M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$49.4M |
| 3 |
KL
KGH Ltd
Nassau,
Bahamas
|
-$15M |
| 4 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
-$12.4M |
| 5 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$11.2M |
TERP Hedge Fund Activity: Q1 2016 in Review
145 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in TerraForm Power, Inc (TERP) for Q1 2016, worth a combined $695M — down 38% from $1.13B a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new TERP positions and 33 closed out — a net gain of 3 holders — while 51 added to existing stakes and 40 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $24.5M. The largest seller was Luxor Capital Group, exiting entirely with an estimated $75M sold.
- 145 institutional investors held TerraForm Power, Inc (TERP) as of Q1 2016, up from 143 in Q4 2015.
- Funds reported $695M of TerraForm Power, Inc stock for Q1 2016, down 38% quarter-over-quarter.
- 36 funds opened new TerraForm Power, Inc positions in Q1 2016 and 33 closed out, a net change of +3 holders.
- The largest TerraForm Power, Inc buyer in Q1 2016 was Morgan Stanley, an estimated $24.5M added.
- The largest TerraForm Power, Inc seller in Q1 2016 was Luxor Capital Group, an estimated $75M sold.
Based on aggregated 13F filings for Q1 2016.