TerraForm Power, Inc
TERP
TERP was delisted on the 30th of July, 2020.
89 hedge funds and large institutions have $761M invested in TerraForm Power, Inc in 2018 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 32 increasing their positions, 28 reducing their positions, and 20 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 28
4% less funds holding
Funds holding: 93 → 89 (-4)
12% less capital invested
Capital invested by funds: $864M → $761M (-$103M)
20% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 20
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
51% less call options, than puts
Call options by funds: $337K | Put options by funds: $693K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$28.1M |
| 2 |
Morgan Stanley
New York
|
+$14.2M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$10.1M |
| 4 |
NGA
New Generation Advisors
Manchester,
Massachusetts
|
+$9.96M |
| 5 |
EA
Ecofin Advisors
London,
United Kingdom
|
+$4.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Cyrus Capital Partners
New York
|
-$34.9M |
| 2 |
SCM
Stonehill Capital Management
New York
|
-$27M |
| 3 |
Millennium Management
New York
|
-$7.57M |
| 4 |
AL
Appaloosa LP
Short Hills,
New Jersey
|
-$5.83M |
| 5 |
PSAMP
P. Schoenfeld Asset Management (PSAM)
New York
|
-$5.48M |
TERP Hedge Fund Activity: Q1 2018 in Review
89 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in TerraForm Power, Inc (TERP) for Q1 2018, worth a combined $761M — down 12% from $864M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of TERP and 16 opened new positions — a net loss of 4 holders — while 28 trimmed existing stakes and 32 added.
The largest buyer was Vanguard Group, adding an estimated $28.1M. The largest seller was Cyrus Capital Partners, exiting entirely with an estimated $34.9M sold.
- 89 institutional investors held TerraForm Power, Inc (TERP) as of Q1 2018, down from 93 in Q4 2017.
- Funds reported $761M of TerraForm Power, Inc stock for Q1 2018, down 12% quarter-over-quarter.
- 16 funds opened new TerraForm Power, Inc positions in Q1 2018 and 20 closed out, a net change of -4 holders.
- The largest TerraForm Power, Inc buyer in Q1 2018 was Vanguard Group, an estimated $28.1M added.
- The largest TerraForm Power, Inc seller in Q1 2018 was Cyrus Capital Partners, an estimated $34.9M sold.
Based on aggregated 13F filings for Q1 2018.