Enphase Energy

ENPH • NASDAQ

Enphase Energy is a solar company in the energy sector on NASDAQ, led by Badri Kothandaraman, with a market cap of $4.2B. As of Q3 2025, 92% of shares are held by 470 institutional investors, with BlackRock, Inc. as the largest holder at 14.55%.

President and Chief Executive OfficerBadri Kothandaraman

Market Cap$4.2B

Solar

Energy

Employees3.2K

Websiteenphase.com

Country

United States of America

Overview

Overview of institutional ownership in ENPH as of Q3 2025 with a market cap of $4.6B

All Institutions

Institutions: 470
Value Held: $4.3B
Shares Held: 120.6M
Avg Position: $9.1M
Median Position: $513.4K

Hedge Funds

Hedge Funds: 54
Value Held: $730.8M
Shares Held: 20.6M
Avg Position: $13.5M
Median Position: $3.7M

Ownership Breakdown

Institutional (non-HF)

76.48%

$3.5B

Hedge Funds

15.79%

$730.8M

Retail & Other

7.73%

$357.7M

Based on market cap of $4.6B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ENPH as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$673.5M 0.01% of portfolio	14.55% 19.0M shares	Q1 2017 Held for 8y 8m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$569.2M 0.01% of portfolio	12.30% 16.1M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$151.5M 0.01% of portfolio	3.27% 4.3M shares	Q4 2017 Held for 7y 11m	$2.88T
D D. E. Shaw & Co., Inc. Institution	-	$120.7M 0.10% of portfolio	2.61% 3.4M shares	Q2 2018 Held for 7y 5m	$115.81B
UBS Group AG Institution	Sergio P. Ermotti CEO	$109.2M 0.02% of portfolio	2.36% 3.1M shares	Q4 2014 Held for 10y 11m	$511.54B
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	Scott David Hoffman CEO	$98.2M 0.16% of portfolio	2.12% 2.8M shares	Q1 2024 Held for 1y 8m	$62.0B
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$94.4M 0.12% of portfolio	2.04% 2.7M shares	Q1 2025 Held for 8 months	$75.8B
B BAILLIE GIFFORD & CO Institution	-	$94.3M 0.07% of portfolio	2.04% 2.7M shares	Q3 2021 Held for 4y 2m	$134.80B
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	Scott David Hoffman CEO	$93.1M 0.19% of portfolio	2.01% 2.6M shares	Q4 2017 Held for 7y 11m	$50.0B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$92.4M 0.01% of portfolio	2.00% 2.6M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T

Net Capital Flow

Institutional buying and selling activity for ENPH in Q3 2025

Traded: −$145.0M
Buyers: 257
Sellers: 259
Total Bought: +$886.1M
Total Sold: −$1.0B
Avg Position: $7.4M

Biggest Buyers

Institution	Net Bought	Current Position
B BlackRock, Inc. Institution	+$236.6M +6.7M shares	$673.5M 19.0M shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$73.6M +2.1M shares	$82.2M 2.3M shares
UBS Group AG Institution	+$52.8M +1.5M shares	$109.2M 3.1M shares
Q Qube Research & Technologies Ltd Institution	+$39.4M +1.1M shares	$59.0M 1.7M shares
C COATUE MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$28.5M +803.9K shares	$58.3M 1.6M shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	+$27.1M +765.3K shares	$28.2M 798.1K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$21.4M +605.9K shares	$21.7M 613.4K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	+$20.8M +586.4K shares	$31.2M 881.3K shares
BANK OF AMERICA CORP /DE/ Institution	+$19.4M +547.9K shares	$48.0M 1.4M shares
JPMORGAN CHASE & CO Institution	+$18.3M +518.1K shares	$32.7M 923.3K shares

Biggest Sellers

Institution	Net Sold	Current Position
B BAILLIE GIFFORD & CO Institution	−$223.4M −6.3M shares	$94.3M 2.7M shares
Invesco Ltd. ETF Provider	−$156.6M −4.4M shares	$82.1M 2.3M shares
S Swedbank AB Institution	−$63.4M −1.8M shares	$18.6M 525.4K shares
R ROYAL BANK OF CANADA Institution	−$38.4M −1.1M shares	$32.7M 923.4K shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	−$36.9M −1.0M shares	$88.5M 2.5M shares
A Assenagon Asset Management S.A. Institution	−$36.1M −1.0M shares	$4.7M 132.7K shares
STATE STREET CORP Institution	−$33.8M −956.2K shares	$151.5M 4.3M shares
L LMR Partners LLP Institution	−$22.6M −569.4K shares	Sold Off 0 shares
Trexquant Investment LP Hedge Fund•Quant	−$21.7M −613.7K shares	$7.3M 207.1K shares
G Grantham, Mayo, Van Otterloo & Co. LLC Long Only Manager	−$20.6M −518.7K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited ENPH in Q3 2025

New Positions: 22
New Value: $17.8M
Exited Positions: 104
Exited Value: $131.5M

New Positions

Institution	Position Value
Toronado Partners, LLC Hedge Fund•Long/Short	$10.7M 301.4K shares
S SOROS FUND MANAGEMENT LLC Institution	$3.5M 100.0K shares
Heron Bay Capital Management RIA/Wealth	$1.0M 29.4K shares
MANGROVE PARTNERS Hedge Fund•Multi-Strategy	$732.7K 20.7K shares
Catalytic Wealth RIA, LLC RIA/Wealth	$569.0K 16.1K shares
M M.E. ALLISON & CO., INC. Institution	$329.1K 9.3K shares
CFC Planning Co LLC Private Equity	$230.7K 6.5K shares
Round Rock Advisors, LLC RIA/Wealth	$227.1K 6.4K shares
1 111 Capital Institution	$222.1K 6.3K shares
Alphadyne Asset Management, LLC Hedge Fund•Global Macro	$126.8K 3.6K shares

Exited Positions

Institution	Previous Position
L LMR Partners LLP Institution	$22.6M 569.4K shares
G Grantham, Mayo, Van Otterloo & Co. LLC Long Only Manager	$20.6M 518.7K shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	$9.2M 232.2K shares
M Mitsubishi UFJ Securities International PLC Institution	$9.1M 228.8K shares
SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC Hedge Fund•Distressed	$7.0M 175.6K shares
A ADAGE CAPITAL PARTNERS GP LLC Institution	$4.8M 120.2K shares
Gotham Asset Management, LLC Hedge Fund•Long/Short	$4.4M 110.5K shares
T Tenzing Global Management, LLC Hedge Fund•Long/Short	$3.5M 87.5K shares
Q Quantitative Investment Management, LLC Hedge Fund•Quant Macro	$3.5M 87.1K shares
JUPITER ASSET MANAGEMENT LTD Long Only Manager	$2.8M 69.7K shares

Options Activity

Institutions with the largest Call and Put options positions in ENPH as of Q3 2025

Call Positions: 41
Call Value: $602.8M
Put Positions: 45
Put Value: $588.8M

Call Positions

Institution	Position Value
S Squarepoint Ops LLC Hedge Fund•Quant	$130.9M 37.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$99.0M 28.0K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$86.3M 24.4K contracts
Q Qube Research & Technologies Ltd Institution	$52.3M 14.8K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$34.8M 9.8K contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$34.1M 9.6K contracts
UBS Group AG Institution	$27.0M 7.6K contracts
D D. E. Shaw & Co., Inc. Institution	$26.5M 7.5K contracts
J JANE STREET GROUP, LLC Institution	$26.2M 7.4K contracts
W WOLVERINE TRADING, LLC Institution	$22.5M 6.2K contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$163.1M 46.1K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$77.7M 22.0K contracts
Weiss Asset Management LP Hedge Fund•Multi-Strategy	$35.4M 10.0K contracts
Q Qube Research & Technologies Ltd Institution	$30.9M 8.7K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$30.1M 8.5K contracts
J JANE STREET GROUP, LLC Institution	$30.0M 8.5K contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$29.7M 8.4K contracts
D D. E. Shaw & Co., Inc. Institution	$25.2M 7.1K contracts
BARCLAYS PLC Institution	$22.5M 6.4K contracts
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$18.1M 5.1K contracts

Most Committed Institutions

Institutions with ENPH as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Toronado Partners, LLC Hedge Fund•Long/Short	John Stephen Perkins Managing Partner	7.07% $10.7M	0.23% 301.4K shares	Q3 2025 Held for 2 months	$150.9M
Stelac Advisory Services LLC Private Equity	Carlos Manuel Lopez Ona Managing Partner	1.30% $3.7M	0.08% 106.0K shares	Q4 2024 Held for 11 months	$289.0M
L Leibman Financial Services, Inc. Institution	-	0.82% $1.1M	0.02% 30.6K shares	Q4 2023 Held for 1y 11m	$131.7M
G Gould Capital, LLC RIA/Wealth	Jennifer Anne Emmons Carlson CCO	0.80% $1.3M	0.03% 36.5K shares	Q4 2021 Held for 3y 11m	$161.5M
S Sphera Management Technology Funds Ltd Institution	-	0.80% $1.4M	0.03% 40.0K shares	Q3 2025 Held for 2 months	$177.7M
V Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Institution	-	0.67% $1.1M	0.02% 32.1K shares	Q4 2022 Held for 2y 11m	$169.3M
LIBERTY WEALTH MANAGEMENT LLC RIA/Wealth	David James Hollander Founder	0.65% $4.6M	0.10% 129.6K shares	Q3 2023 Held for 2y 2m	$707.2M
A Arrowpoint Investment Partners Pte. Ltd. Institution	-	0.63% $426.0K	0.01% 12.0K shares	Q3 2025 Held for 2 months	$67.2M
P PRAKASH INVESTMENT ADVISORS LLC RIA/Wealth	Prakash Devendranath Simha President	0.55% $765.8K	0.02% 21.6K shares	Q4 2024 Held for 11 months	$139.7M
G Ground Swell Capital, LLC Hedge Fund•Multi-Strategy	Joey Howard Foxhall Member	0.53% $242.5K	0.01% 6.9K shares	Q1 2025 Held for 8 months	$45.8M

Hedge Fund Spotlight

Discover hedge funds investing in ENPH

Trexquant Investment LP

Hedge Fund • Quant

Portfolio ManagerTaesoon (Tyger) Park

Portfolio Value: $9.7B
Positions: 1,540
Last Reported: Q3 2025

Sector Allocation

Position in Enphase Energy

Market Value: $7.3M
Shares Held: 207.1K
Portfolio Weight: 0.08%
Owned Since: 2024-Q3

Top Holding	Sector	Market Value	Weight
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