TerraForm Power, Inc
TERP
TERP was delisted on the 30th of July, 2020.
132 hedge funds and large institutions have $1.12B invested in TerraForm Power, Inc in 2016 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 46 increasing their positions, 39 reducing their positions, and 29 closing their positions.
20% more capital invested
Capital invested by funds: $929M → $1.12B (+$190M)
18% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 39
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
6% less funds holding
Funds holding: 141 → 132 (-9)
28% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 29
31% less call options, than puts
Call options by funds: $33.8M | Put options by funds: $49.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WIM
Wingspan Investment Management
New York
|
+$22.9M |
| 2 |
VOAM
Vertex One Asset Management
Vancouver,
British Columbia, Canada
|
+$20.4M |
| 3 |
AGC
Angelo Gordon & Co
New York
|
+$18.3M |
| 4 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
+$12.2M |
| 5 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
+$7.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$46M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$34.2M |
| 3 |
Adage Capital Partners
Boston,
Massachusetts
|
-$28.1M |
| 4 |
FCM
Farmstead Capital Management
Ridgewood,
New Jersey
|
-$9.16M |
| 5 |
QAM
Quentec Asset Management
New York
|
-$6.64M |
TERP Hedge Fund Activity: Q3 2016 in Review
132 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in TerraForm Power, Inc (TERP) for Q3 2016, worth a combined $1.12B — up 20% from $929M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of TERP and 21 opened new positions — a net loss of 8 holders — while 39 trimmed existing stakes and 46 added.
The largest buyer was Wingspan Investment Management, adding an estimated $22.9M. The largest seller was First Trust Advisors, cutting an estimated $46M.
- 132 institutional investors held TerraForm Power, Inc (TERP) as of Q3 2016, down from 141 in Q2 2016.
- Funds reported $1.12B of TerraForm Power, Inc stock for Q3 2016, up 20% quarter-over-quarter.
- 21 funds opened new TerraForm Power, Inc positions in Q3 2016 and 29 closed out, a net change of -8 holders.
- The largest TerraForm Power, Inc buyer in Q3 2016 was Wingspan Investment Management, an estimated $22.9M added.
- The largest TerraForm Power, Inc seller in Q3 2016 was First Trust Advisors, an estimated $46M sold.
Based on aggregated 13F filings for Q3 2016.