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Luminus Management Raises Exposure to Terraform Global, Inc. (GLBL)

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Jonathan Barrett and Paul Segal‘s Luminus Management has filed a 13G with the US Securities and Exchange Commission, in which it disclosed a 5.6% position in TerraForm Global Inc (NASDAQ:GLBL). The filing showed that Luminus owns 6.55 million shares of TerraForm Global, which is higher than the position of 3.51 million shares it reported in its last 13F filing.

Overall, TerraForm  Global was in 21 hedge funds’ portfolios at the end of December, which compares with 23 hedge funds in our database with GLBL holdings at the end of the previous quarter. Billionaire Leon Cooperman’s Omega Advisors has the biggest position in TerraForm Global Inc (NASDAQ:GLBL), worth close to $33.3 million, comprising 0.7% of its total 13F portfolio. The second largest stake is held by Adage Capital Management, led by Phill Gross and Robert Atchinson, holding a $31.4 million position. Other funds with long positions, include Larry Robbins’s Glenview Capital and Mark Kingdon’s Kingdon Capital.

However, as the number of funds bullish on TerraForm declined during the last three months of 2015, several funds unloaded their positions heading into 2016. Among them, Robert Pohly’s Samlyn Capital sold off the biggest investment of the “upper crust” of funds monitored by Insider Monkey, worth close to $23 million in stock. Christian Leone’s fund, Luxor Capital Group, also dumped its stock, about $16.8 million worth.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
LUMINUS MANAGEMENT 0 6,553,656 0 6,553,656 6,553,656 5.6%
LUMINUS ENERGY PARTNERS MASTER FUND, LTD 0 6,553,656 0 6,553,656 6,553,656 5.6%
Jonathan Barrett And Paul Segal
Jonathan Barrett And Paul Segal
Luminus Management

Page 1 of 9 SEC Filing

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.     )*

 

 

TerraForm
Global, Inc.

(Name of Issuer)

Class A Common Stock, Par Value $0.01

(Title of Class of Securities)

88104M101

(CUSIP Number)

James J. Moloney

Gibson, Dunn & Crutcher LLP

3161 Michelson Drive

Irvine, CA 92612

(949)
451-4343

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

March 2, 2016

(Date of
Event Which Requires Filing of this Statement)

 

 

Check the
appropriate box to designate the rule pursuant to which this Schedule is filed:

¨ Rule
13d-1(b)

x Rule 13d-1(c)

¨ Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information
which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover
page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions
of the Act (however, see the Notes).

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