BrightSpire Capital
BRSP
200 hedge funds and large institutions have $572M invested in BrightSpire Capital in 2023 Q4 according to their latest regulatory filings, with 42 funds opening new positions, 70 increasing their positions, 53 reducing their positions, and 14 closing their positions.
200% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 14
91% more call options, than puts
Call options by funds: $400K | Put options by funds: $209K
32% more repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 53
22% more capital invested
Capital invested by funds: $470M → $572M (+$102M)
15% more funds holding
Funds holding: 174 → 200 (+26)
0.15% more ownership
Funds ownership: 57.73% → 57.88% (+0.15%)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$9.14M |
| 2 |
Morgan Stanley
New York
|
+$7.69M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$5.7M |
| 4 |
BlackRock
New York
|
+$3.97M |
| 5 |
ECM
ExodusPoint Capital Management
New York
|
+$1.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Conversant Capital
Summit,
New Jersey
|
-$21.6M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$9.98M |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
-$2.76M |
| 4 |
TG
TCW Group
Los Angeles,
California
|
-$1.89M |
| 5 |
AGM
Alpine Global Management
New York
|
-$1.83M |
BRSP Hedge Fund Activity: Q4 2023 in Review
200 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in BrightSpire Capital (BRSP) for Q4 2023, worth a combined $572M — up 22% from $470M a quarter earlier.
Buyers outnumbered sellers: 42 funds opened new BRSP positions and 14 closed out — a net gain of 28 holders — while 70 added to existing stakes and 53 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $9.14M. The largest seller was Conversant Capital, exiting entirely with an estimated $21.6M sold.
- 200 institutional investors held BrightSpire Capital (BRSP) as of Q4 2023, up from 174 in Q3 2023.
- Funds reported $572M of BrightSpire Capital stock for Q4 2023, up 22% quarter-over-quarter.
- 42 funds opened new BrightSpire Capital positions in Q4 2023 and 14 closed out, a net change of +28 holders.
- The largest BrightSpire Capital buyer in Q4 2023 was JP Morgan Chase, an estimated $9.14M added.
- The largest BrightSpire Capital seller in Q4 2023 was Conversant Capital, an estimated $21.6M sold.
Based on aggregated 13F filings for Q4 2023.