Vivint Solar Inc (VSLR) Snatched Up Sunedison Inc (SUNE): Did Hedge Funds See It Coming?

What does Smart Money think about Vivint Solar Inc (NYSE:VSLR)?

At the end of the first quarter, a total of 14 of the hedge funds tracked by Insider Monkey were bullish in this stock, an increase of five from the previous quarter. With hedge funds’ sentiment swirling, there exists a select group of key hedge fund managers who were boosting their stakes meaningfully.

Out of the hedge funds tracked at Insider Monkey, Joshua Friedman and Mitchell Julis’ Canyon Capital Advisors had the largest investment in the company. The investment manager had 3.21 million shares of the company in its portfolio with a market value of $38.93 million. Bernard Lambilliotte’s Ecofin Ltd was among the other primary shareholders of the company with ownership of 1.06 million shares valued at $12.83 million. Hedge fund managers like Ken Griffin of Citadel Investment Management had a somewhat different opinion, as in his case, he dropped 51% of his stake in the company by the end of the first quarter, with a remaining investment of $14.02 million in 1.16 million shares.

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