How have hedgies been trading Trina Solar Limited (ADR) (NYSE:TSL)?
Within Insider Monkey’s database, Platinum Asset Management, led by Kerr Neilson, holds the most valuable position in Trina Solar Limited (ADR) (NYSE:TSL). Platinum Asset Management holds around 10.6 million shares valued at $128.5 million at the end of March, comprising 2.6% of its 13F portfolio. Coming in second is Oaktree Capital Management, led by Howard Marks, holding 3.9 million shares; 0.5% of its 13F portfolio is allocated to the company. Other hedgies that hold long positions contain Ian Simm’s Impax Asset Management, Ken Hahn’s Quentec Asset Management, and Steve Cohen’s Point72 Asset Management.
As one would reasonably expect, some big names were breaking ground themselves. Notably, Impax Asset Management, led by Ian Simm, initiated the largest position in Trina Solar Limited (ADR) (NYSE:TSL), buying 3.3 million shares, with the new holding being worth $40.2 million at the end of the first trimester. Steve Cohen’s Point72 Asset Management bought 457,300 shares during the first quarter. Some other funds with new positions in the stock were Louis Bacon’s Moore Global Investments, Joe DiMenna‘s Zweig Dimenna Partners, and Peter Muller’s PDT Partners.
Despite the fact that the number of hedge funds holding long positions in Trina Solar Limited (ADR) (NYSE:TSL)’s stock went up by seven during the first three months of the year, the aggregate capital investment has not increased significantly compared to the overall stock gain during the same period. Despite a slightly bullish hedge fund sentiment in the first quarter, the stock is on the downtrend since the last week of June. We feel we need to see how the hedge fund sentiment has changed in the second quarter before we can recommend this stock at its depreciated price.