Hannon Armstrong Sustainable Infrastructure Capital

HASI • NYSE

Hannon Armstrong Sustainable Infrastructure Capital is a reit - specialty company in the real estate sector on NYSE, led by Jeffrey A. Lipson, with a market cap of $4.1B. As of Q3 2025, 100% of shares are held by 342 institutional investors, with BlackRock, Inc. as the largest holder at 14.58%.

Chief Executive Officer and PresidentJeffrey A. Lipson

Market Cap$4.1B

REIT - Specialty

Real Estate

Employees139.0

Websitehasi.com

Country

United States of America

Overview

Overview of institutional ownership in HASI as of Q3 2025 with a market cap of $3.8B

All Institutions

Institutions: 342
Value Held: $3.8B
Shares Held: 124.4M
Avg Position: $11.2M
Median Position: $762.9K

Hedge Funds

Hedge Funds: 20
Value Held: $17.7M
Shares Held: 576.3K
Avg Position: $882.8K
Median Position: $476.2K

Ownership Breakdown

Institutional (non-HF)

99.61%

$3.8B

Hedge Funds

0.463%

$17.7M

Retail & Other

Based on market cap of $3.8B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in HASI as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$556.7M 0.01% of portfolio	14.58% 18.1M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$429.5M 0.01% of portfolio	11.25% 14.0M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
WELLINGTON MANAGEMENT CO LLP Long Only Manager	Jean Marie Hynes CEO	$404.2M 0.07% of portfolio	10.59% 13.2M shares	Q1 2015 Held for 10y 8m	$571.21B
FMR LLC Institution	-	$163.4M 0.01% of portfolio	4.28% 5.3M shares	Q2 2020 Held for 5y 5m	$1.92T
T T. Rowe Price Investment Management, Inc. Insurance Manager	John Edward Robison President	$163.4M 0.10% of portfolio	4.28% 5.3M shares	Q3 2022 Held for 3y 2m	$161.58B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$163.0M 0.01% of portfolio	4.27% 5.3M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
ALLIANCEBERNSTEIN L.P. Long Only Manager	Seth Perry Bernstein CEO	$135.3M 0.04% of portfolio	3.54% 4.4M shares	Q1 2015 Held for 10y 8m	$317.45B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$88.7M 0.01% of portfolio	2.32% 2.9M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
A Amundi Institution	-	$81.8M 0.03% of portfolio	2.14% 2.7M shares	Q2 2022 Held for 3y 5m	$311.18B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$80.0M 0.00% of portfolio	2.10% 2.6M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T

Net Capital Flow

Institutional buying and selling activity for HASI in Q3 2025

Traded: −$3.8M
Buyers: 165
Sellers: 155
Total Bought: +$233.1M
Total Sold: −$236.9M
Avg Position: $10.1M

Biggest Buyers

Institution	Net Bought	Current Position
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	+$54.2M +1.8M shares	$58.4M 1.9M shares
Marshall Wace LLP Institution	+$23.0M +748.0K shares	$28.1M 914.2K shares
R Robeco Institutional Asset Management B.V. Institution	+$10.0M +326.8K shares	$13.3M 433.6K shares
JPMORGAN CHASE & CO Institution	+$9.2M +300.9K shares	$63.3M 2.1M shares
SCHRODER INVESTMENT MANAGEMENT GROUP RIA/Wealth	+$8.0M +257.7K shares	$28.9M 935.1K shares
A Amundi Institution	+$7.9M +256.9K shares	$81.8M 2.7M shares
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	+$6.3M +204.2K shares	$10.0M 324.3K shares
Rockefeller Capital Management L.P. Long Only Manager	+$6.2M +200.6K shares	$58.9M 1.9M shares
VANGUARD GROUP INC Institution	+$6.1M +198.4K shares	$429.5M 14.0M shares
L La Banque Postale Asset Management SA Institution	+$6.1M +197.3K shares	$11.1M 361.2K shares

Biggest Sellers

Institution	Net Sold	Current Position
S Swedbank AB Institution	−$55.1M −1.8M shares	$50.2M 1.6M shares
FMR LLC Institution	−$29.4M −958.2K shares	$163.4M 5.3M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	−$16.8M −547.8K shares	$404.2M 13.2M shares
D DEPRINCE RACE & ZOLLO INC Long Only Manager	−$13.2M −490.6K shares	Sold Off 0 shares
Bank of New York Mellon Corp Institution	−$10.2M −331.6K shares	$41.4M 1.3M shares
B BNP Paribas Investment Partners S.A. Institution	−$10.0M −325.4K shares	$19.7M 641.2K shares
H Handelsbanken Fonder AB Institution	−$9.9M −322.2K shares	$16.3M 530.0K shares
CITIGROUP INC Institution	−$8.8M −285.4K shares	$45.8M 1.5M shares
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	−$7.2M −233.0K shares	$4.6M 150.0K shares
T T. Rowe Price Investment Management, Inc. Insurance Manager	−$7.0M −229.4K shares	$163.4M 5.3M shares

Entry and Exit Activity

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

New Positions: 15
New Value: $2.0M
Exited Positions: 37
Exited Value: $30.6M

New Positions

Institution	Position Value
Investment Research Partners LLC Hedge Fund•Multi-Strategy	$396.4K 14.1K shares
W WILEY BROS.-AINTREE CAPITAL, LLC Institution	$315.9K 10.3K shares
P Portman Square Capital LLP Hedge Fund•Vol Arbitrage	$277.7K 9.0K shares
CHESLEY TAFT & ASSOCIATES LLC/IL RIA/Wealth	$254.6K 8.3K shares
PEAPACK GLADSTONE FINANCIAL CORP Institution	$233.8K 7.6K shares
Savvy Advisors, Inc. RIA/Wealth	$218.3K 7.1K shares
PEDDOCK CAPITAL ADVISORS, LLC RIA/Wealth	$201.1K 6.6K shares
S Salomon & Ludwin, LLC Institution	$27.1K 884.0 shares
ISAM Funds Ltd Hedge Fund•Quant	$27.1K 882.0 shares
Activest Wealth Management RIA/Wealth	$10.7K 347.0 shares

Exited Positions

Institution	Previous Position
D DEPRINCE RACE & ZOLLO INC Long Only Manager	$13.2M 490.6K shares
Weiss Asset Management LP Hedge Fund•Multi-Strategy	$2.7M 102.4K shares
N NICOLA WEALTH MANAGEMENT LTD. RIA/Wealth	$2.4M 90.0K shares
Quantbot Technologies LLC Hedge Fund•Quant	$2.4M 89.6K shares
A AXA Institution	$1.7M 61.8K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$1.4M 51.9K shares
Schonfeld Strategic Advisors LLC Hedge Fund•Multi-Strategy	$866.7K 32.3K shares
Holocene Advisors, LP Hedge Fund•Long/Short	$647.0K 24.1K shares
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	$580.8K 21.6K shares
Centiva Capital, LP Hedge Fund•Multi-Strategy	$573.6K 21.4K shares

Options Activity

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

Call Positions: 10
Call Value: $24.5M
Put Positions: 8
Put Value: $23.1M

Call Positions

Institution	Position Value
N NOMURA HOLDINGS INC Institution	$6.1M 2.0K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$6.0M 1.9K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$3.3M 1.1K contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$3.2M 1.1K contracts
D D. E. Shaw & Co., Inc. Institution	$2.6M 835.0 contracts
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	$1.4M 440.0 contracts
J JANE STREET GROUP, LLC Institution	$1.1M 359.0 contracts
W WOLVERINE TRADING, LLC Institution	$871.1K 282.0 contracts
Caption Management, LLC Hedge Fund•Long/Short	- - contracts
P PEAK6 LLC Institution	- - contracts

Put Positions

Institution	Position Value
N NOMURA HOLDINGS INC Institution	$6.0M 2.0K contracts
Freshford Capital Management, LLC Hedge Fund•Long/Short	$5.4M 1.8K contracts
P Portman Square Capital LLP Hedge Fund•Vol Arbitrage	$4.9M 1.6K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$3.9M 1.3K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.1M 371.0 contracts
W WOLVERINE TRADING, LLC Institution	$939.1K 304.0 contracts
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	$767.5K 250.0 contracts
Caption Management, LLC Hedge Fund•Long/Short	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
NEUMEIER POMA INVESTMENT COUNSEL LLC Long Only Manager	Brian David Poma CEO	3.18% $38.9M	1.02% 1.3M shares	Q1 2015 Held for 10y 8m	$1.2B
Aristotle Capital Boston, LLC Long Only Manager	David Michael Adams CEO	2.05% $40.1M	1.05% 1.3M shares	Q1 2023 Held for 2y 8m	$2.0B
NIA IMPACT ADVISORS, LLC Long Only Manager	Kristin Blair Hull CEO	1.68% $5.2M	0.14% 168.5K shares	Q1 2024 Held for 1y 8m	$307.7M
E EDENTREE ASSET MANAGEMENT Ltd Institution	-	1.61% $6.7M	0.17% 217.4K shares	Q2 2023 Held for 2y 5m	$414.8M
FIGURE 8 INVESTMENT STRATEGIES LLC RIA/Wealth	Lisa Michele Cooper CEO	1.60% $1.8M	0.05% 58.3K shares	Q4 2024 Held for 11 months	$111.5M
C Clean Yield Group Institution	-	1.59% $5.6M	0.15% 183.3K shares	Q4 2014 Held for 10y 11m	$353.8M
SMH CAPITAL ADVISORS INC RIA/Wealth	Dwayne Alan Moyers President	1.53% $383.0K	0.01% 13.8K shares	Q3 2024 Held for 1y 2m	$25.1M
T Triodos Investment Management BV Institution	-	1.22% $16.9M	0.44% 550.0K shares	Q2 2018 Held for 7y 5m	$1.4B
Andrew Hill Investment Advisors, Inc. RIA/Wealth	Andrew D.W. Hill President	1.07% $1.4M	0.04% 44.9K shares	Q2 2025 Held for 5 months	$128.5M
SFE Investment Counsel RIA/Wealth	James Thomas Moylan President	0.80% $5.0M	0.13% 163.6K shares	Q4 2014 Held for 10y 11m	$626.3M

Hedge Fund Spotlight

Discover hedge funds investing in HASI

AQR CAPITAL MANAGEMENT LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerDavid Gary Kabiller

Portfolio Value: $156.17B
Positions: 3,453
Last Reported: Q3 2025

Sector Allocation

Position in Hannon Armstrong Sustainable Infrastructure Capital

Market Value: $1.3M
Shares Held: 42.8K
Portfolio Weight: 0.00%
Owned Since: 2018-Q4

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$4.1B	2.62%
2 Microsoft MSFT	Software - Infrastructure Technology	$3.2B	2.05%
3 Apple AAPL	Consumer Electronics Technology	$2.8B	1.76%