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BRSP

BrightSpire Capital
BRSP

195 hedge funds and large institutions have $447M invested in BrightSpire Capital in 2023 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 77 increasing their positions, 49 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

168% more call options, than puts

Call options by funds: $1.61M | Put options by funds: $602K

57% more repeat investments, than reductions

Existing positions increased: 77 | Existing positions reduced: 49

50% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 22

41% more capital invested

Capital invested by funds: $317M → $447M (+$130M)

19.4% more ownership

Funds ownership: 39.41% → 58.82% (+19%)

5% more funds holding

Funds holding: 186 → 195 (+9)

Holders
195
Holders Change
+9
Holders Change %
+4.84%
% of All Funds
3.11%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.05%
New
33
Increased
77
Reduced
49
Closed
22
Calls
$1.61M
Puts
$602K
Net Calls
+$1.01M
Net Calls Change
+$687K

Top Buyers

Rank Fund Capital Flow
1
CC
Conversant Capital
New Jersey
+$38.6M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$20.8M
3
WHCM
Wolf Hill Capital Management
Connecticut
+$18.8M
4
ZP
Zimmer Partners
New York
+$14.4M
5
AC
Almitas Capital
California
+$12.2M

Top Sellers

Rank Fund Capital Flow
1
LC
Littlejohn & Co
Connecticut
-$2.29M
2
JAM
Jupiter Asset Management
United Kingdom
-$1.88M
3
WIM
WealthPlan Investment Management
Nebraska
-$1.36M
4
Ameriprise
Ameriprise
Minnesota
-$1.22M
5
N
Nuveen
North Carolina
-$943K
Name Holding Trade Value Shares
Change 		Change in
Stake
AC
26
Avenir Corporation
Virginia
$2.33M +$1.24M +180,200 +84%
Citadel Advisors
27
Citadel Advisors
Florida
$2.29M +$1.88M +274,045 +242%
Osaic Holdings
28
Osaic Holdings
Arizona
$2.16M -$42.3K -6,166 -2%
Hotchkis & Wiley Capital Management
29
Hotchkis & Wiley Capital Management
California
$2.14M +$22.6K +3,300 +0.9%
Bank of New York Mellon
30
Bank of New York Mellon
New York
$2.1M +$47.7K +6,951 +2%
IFG
31
Independent Financial Group
California
$1.9M +$712K +103,857 +48%
LPL Financial
32
LPL Financial
California
$1.74M +$322K +46,958 +19%
Bank of America
33
Bank of America
North Carolina
$1.62M -$358K -52,167 -16%
Invesco
34
Invesco
Georgia
$1.59M +$88.7K +12,941 +5%
Swiss National Bank
35
Swiss National Bank
Switzerland
$1.56M +$215K +31,300 +13%
N
36
Nuveen
North Carolina
$1.46M -$943K -137,498 -36%
Two Sigma Investments
37
Two Sigma Investments
New York
$1.44M +$1.46M +212,876 +676%
Millennium Management
38
Millennium Management
New York
$1.32M +$1.28M +186,982 +498%
AAA
39
Adams Asset Advisors
Texas
$1.3M +$343K +50,000 +29%
JP Morgan Chase
40
JP Morgan Chase
New York
$1.19M +$686K +100,104 +99%
WP
41
WealthPLAN Partners
Nebraska
$1.18M +$127K +18,479 +10%
KAM
42
Knightsbridge Asset Management
California
$1.03M +$1.2M +174,894 New
RhumbLine Advisers
43
RhumbLine Advisers
Massachusetts
$980K -$381K -55,513 -25%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
44
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$926K – – –
DFCM
45
Dark Forest Capital Management
Puerto Rico
$920K +$1.07M +155,871 New
PAG
46
Private Advisor Group
New Jersey
$895K +$33.9K +4,945 +3%
California State Teachers Retirement System (CalSTRS)
47
California State Teachers Retirement System (CalSTRS)
California
$841K +$144K +20,949 +17%
I
48
INVST
Indiana
$808K +$978K +142,669 New
Wells Fargo
49
Wells Fargo
California
$804K +$767K +111,890 +458%
ICA
50
Infrastructure Capital Advisors
New York
$720K +$388K +56,560 +86%
1
2
3 4 5

BRSP Hedge Fund Activity: Q1 2023 in Review

195 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in BrightSpire Capital (BRSP) for Q1 2023, worth a combined $447M — up 41% from $317M a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new BRSP positions and 22 closed out — a net gain of 11 holders — while 77 added to existing stakes and 49 trimmed.

The largest buyer was Conversant Capital, opening a new position worth an estimated $38.6M. The largest seller was Littlejohn & Co, exiting entirely with an estimated $2.29M sold.

  • 195 institutional investors held BrightSpire Capital (BRSP) as of Q1 2023, up from 186 in Q4 2022.
  • Funds reported $447M of BrightSpire Capital stock for Q1 2023, up 41% quarter-over-quarter.
  • 33 funds opened new BrightSpire Capital positions in Q1 2023 and 22 closed out, a net change of +11 holders.
  • The largest BrightSpire Capital buyer in Q1 2023 was Conversant Capital, an estimated $38.6M added.
  • The largest BrightSpire Capital seller in Q1 2023 was Littlejohn & Co, an estimated $2.29M sold.

Based on aggregated 13F filings for Q1 2023.