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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Conversant Capital
Summit,
New Jersey
|
+$38.6M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$20.8M |
| 3 |
WHCM
Wolf Hill Capital Management
Greenwich,
Connecticut
|
+$18.8M |
| 4 |
ZP
Zimmer Partners
New York
|
+$14.4M |
| 5 |
AC
Almitas Capital
Santa Monica,
California
|
+$12.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LC
Littlejohn & Co
Greenwich,
Connecticut
|
-$2.29M |
| 2 |
JAM
Jupiter Asset Management
London,
United Kingdom
|
-$1.88M |
| 3 |
WIM
WealthPlan Investment Management
Omaha,
Nebraska
|
-$1.36M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$1.22M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
-$943K |
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.