Ormat Technologies

ORA • NYSE

Ormat Technologies is a renewable utilities company in the utilities sector on NYSE, led by Doron Blachar, with a market cap of $6.9B. As of Q3 2025, 84% of shares are held by 334 institutional investors, with BlackRock, Inc. as the largest holder at 14.74%.

CEODoron Blachar

Market Cap$6.9B

Renewable Utilities

Utilities

Employees1.6K

Websiteormat.com

Country

United States of America

Overview

Overview of institutional ownership in ORA as of Q3 2025 with a market cap of $5.8B

All Institutions

Institutions: 334
Value Held: $4.9B
Shares Held: 50.9M
Avg Position: $14.7M
Median Position: $912.4K

Hedge Funds

Hedge Funds: 28
Value Held: $180.1M
Shares Held: 1.9M
Avg Position: $6.4M
Median Position: $1.8M

Ownership Breakdown

Institutional (non-HF)

81.06%

$4.7B

Hedge Funds

3.1%

$180.1M

Retail & Other

15.85%

$922.1M

Based on market cap of $5.8B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ORA as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$858.1M 0.02% of portfolio	14.74% 8.9M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$580.7M 0.01% of portfolio	9.98% 6.0M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$232.0M 0.01% of portfolio	3.99% 2.4M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
C Clal Insurance Enterprises Holdings Ltd Institution	-	$209.0M 1.78% of portfolio	3.59% 2.2M shares	Q4 2014 Held for 10y 11m	$11.7B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$179.7M 0.04% of portfolio	3.09% 1.9M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
I Impax Asset Management Group plc Long Only Manager	Moise Nmn Piram President	$168.3M 0.98% of portfolio	2.92% 1.8M shares	Q3 2018 Held for 7y 2m	$17.1B
Global Alpha Capital Management Ltd. Long Only Manager	Robert Beauregard President	$168.2M 9.62% of portfolio	2.89% 1.7M shares	Q2 2015 Held for 10y 5m	$1.7B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$145.2M 0.01% of portfolio	2.49% 1.5M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
N Neuberger Berman Group LLC Institution	-	$135.8M 0.10% of portfolio	2.33% 1.4M shares	≤ Q2 2013 Held for 12y 5m+	$136.94B
A Amundi Institution	-	$105.2M 0.03% of portfolio	1.77% 1.1M shares	Q2 2021 Held for 4y 5m	$311.18B

Net Capital Flow

Institutional buying and selling activity for ORA in Q3 2025

Traded: −$123.7M
Buyers: 180
Sellers: 127
Total Bought: +$335.4M
Total Sold: −$459.1M
Avg Position: $13.3M

Biggest Buyers

Institution	Net Bought	Current Position
Encompass Capital Advisors LLC Hedge Fund•Long/Short	+$61.5M +638.5K shares	$61.5M 638.5K shares
D D. E. Shaw & Co., Inc. Institution	+$25.4M +264.0K shares	$42.3M 439.9K shares
J JANE STREET GROUP, LLC Institution	+$19.8M +205.5K shares	$25.7M 266.9K shares
Kames Capital plc Long Only Manager	+$14.0M +145.5K shares	$14.0M 145.5K shares
JPMORGAN CHASE & CO Institution	+$13.4M +139.5K shares	$49.0M 509.2K shares
S SCOPUS ASSET MANAGEMENT, L.P. Hedge Fund•Long/Short	+$12.7M +131.5K shares	$12.7M 131.5K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$12.4M +129.1K shares	$31.9M 331.2K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$11.7M +121.4K shares	$12.8M 132.5K shares
B BlackRock, Inc. Institution	+$11.6M +120.2K shares	$858.1M 8.9M shares
R Retirement Systems of Alabama Institution	+$11.5M +119.6K shares	$18.3M 190.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
O ORIX CORP Hedge Fund•Multi-Strategy	−$228.4M −2.4M shares	$36.6M 379.8K shares
A Amundi Institution	−$33.1M −336.9K shares	$105.2M 1.1M shares
Global Alpha Capital Management Ltd. Long Only Manager	−$33.0M −343.1K shares	$168.2M 1.7M shares
I Impax Asset Management Group plc Long Only Manager	−$25.0M −261.9K shares	$168.3M 1.8M shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$15.5M −160.8K shares	$5.6M 57.8K shares
M Migdal Insurance & Financial Holdings Ltd. Institution	−$14.4M −150.0K shares	$33.4M 346.5K shares
Van Berkom & Associates Inc. Long Only Manager	−$14.2M −147.2K shares	$86.1M 894.8K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$11.6M −120.2K shares	$14.5M 150.3K shares
A ADAGE CAPITAL PARTNERS GP LLC Institution	−$9.6M −115.0K shares	Sold Off 0 shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$5.3M −54.8K shares	$2.9M 30.6K shares

Entry and Exit Activity

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

New Positions: 26
New Value: $93.9M
Exited Positions: 33
Exited Value: $35.9M

New Positions

Institution	Position Value
Encompass Capital Advisors LLC Hedge Fund•Long/Short	$61.5M 638.5K shares
S SCOPUS ASSET MANAGEMENT, L.P. Hedge Fund•Long/Short	$12.7M 131.5K shares
A AGF MANAGEMENT LTD Institution	$9.5M 99.0K shares
JENNISON ASSOCIATES LLC Long Only Manager	$5.8M 59.8K shares
L & S Advisors Inc RIA/Wealth	$940.7K 9.8K shares
S Shay Capital LLC Institution	$673.8K 7.0K shares
ISAM Funds Ltd Hedge Fund•Quant	$498.9K 5.2K shares
Apollon Wealth Management, LLC RIA/Wealth	$339.3K 3.5K shares
Hennion & Walsh Asset Management, Inc. RIA/Wealth	$304.7K 3.2K shares
Modern Wealth Management, LLC RIA/Wealth	$244.1K 2.5K shares

Exited Positions

Institution	Previous Position
A ADAGE CAPITAL PARTNERS GP LLC Institution	$9.6M 115.0K shares
C Capitolis Liquid Global Markets LLC Private Equity	$5.0M 60.0K shares
N NICOLA WEALTH MANAGEMENT LTD. RIA/Wealth	$2.7M 32.5K shares
Quantbot Technologies LLC Hedge Fund•Quant	$2.6M 31.3K shares
Holocene Advisors, LP Hedge Fund•Long/Short	$2.3M 27.3K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$2.1M 25.2K shares
Trexquant Investment LP Hedge Fund•Quant	$2.0M 23.6K shares
NATURAL INVESTMENTS, LLC RIA/Wealth	$1.5M 17.9K shares
B BNP Paribas Investment Partners S.A. Institution	$1.4M 16.2K shares
Graham Capital Management, L.P. Hedge Fund•Multi-Strategy	$1.3M 15.0K shares

Options Activity

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

Call Positions: 10
Call Value: $207.1M
Put Positions: 8
Put Value: $123.5M

Call Positions

Institution	Position Value
UBS Group AG Institution	$160.9M 16.7K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$23.0M 2.4K contracts
Walleye Trading LLC RIA/Wealth	$12.4M 1.3K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$6.5M 672.0 contracts
P PEAK6 LLC Institution	$2.7M 279.0 contracts
W WOLVERINE TRADING, LLC Institution	$774.0K 81.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$375.4K 39.0 contracts
J JANE STREET GROUP, LLC Institution	$298.4K 31.0 contracts
Brooklands Fund Management Ltd Hedge Fund•Multi-Strategy	$96.3K 10.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$44.9M 4.7K contracts
J JANE STREET GROUP, LLC Institution	$29.7M 3.1K contracts
P PEAK6 LLC Institution	$17.6M 1.8K contracts
W WOLVERINE TRADING, LLC Institution	$12.2M 1.3K contracts
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	$9.0M 935.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$6.7M 694.0 contracts
Walleye Trading LLC RIA/Wealth	$3.1M 317.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$433.1K 45.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
O ORIX CORP Hedge Fund•Multi-Strategy	Gilbert Van Hassel Chairman	100.00% $36.6M	0.63% 379.8K shares	Q4 2017 Held for 7y 11m	$36.6M
Global Alpha Capital Management Ltd. Long Only Manager	Robert Beauregard President	9.62% $168.2M	2.89% 1.7M shares	Q2 2015 Held for 10y 5m	$1.7B
Mivtachim The Workers Social Insurance Fund Ltd. Private Equity	Edward Joseph Keefe CFO	3.14% $21.6M	0.37% 223.9K shares	Q4 2013 Held for 11y 11m	$685.6M
Y Y.D. More Investments Ltd Institution	-	3.13% $54.7M	0.94% 568.6K shares	Q4 2022 Held for 2y 11m	$1.7B
Encompass Capital Advisors LLC Hedge Fund•Long/Short	Todd Jason Kantor Managing Partner	2.75% $61.5M	1.06% 638.5K shares	Q3 2025 Held for 2 months	$2.2B
R Roubaix Capital, LLC Hedge Fund•Long/Short	Christopher Edmund Hillary CEO	2.71% $6.0M	0.10% 62.1K shares	Q1 2025 Held for 8 months	$220.3M
Van Berkom & Associates Inc. Long Only Manager	Joannes Sebastian Van Berkom CEO	2.45% $86.1M	1.48% 894.8K shares	Q1 2019 Held for 6y 8m	$3.5B
Y Yelin Lapidot Holdings Management Ltd. Institution	-	2.15% $10.2M	0.18% 106.2K shares	Q3 2023 Held for 2y 2m	$476.2M
Arosa Capital Management LP Hedge Fund•Multi-Strategy	Till August Bechtolsheimer CEO	1.90% $1.2M	0.02% 12.0K shares	Q3 2025 Held for 2 months	$60.9M
C Clal Insurance Enterprises Holdings Ltd Institution	-	1.78% $209.0M	3.59% 2.2M shares	Q4 2014 Held for 10y 11m	$11.7B