Crescent Capital BDC
CCAP
34 hedge funds and large institutions have $129M invested in Crescent Capital BDC in 2020 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 7 increasing their positions, 9 reducing their positions, and 3 closing their positions.
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
17% more funds holding
Funds holding: 29 → 34 (+5)
4% more capital invested
Capital invested by funds: $124M → $129M (+$5M)
0.86% more ownership
Funds ownership: 35.21% → 36.07% (+0.86%)
22% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 9
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Cresset Asset Management
Chicago,
Illinois
|
+$5.62M |
| 2 |
BGC
Birch Grove Capital
New York
|
+$350K |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$189K |
| 4 |
C
Cliffwater
Marina Del Rey,
California
|
+$162K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$152K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SV
Stilwell Value
New York
|
-$3.24M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$186K |
| 3 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$179K |
| 4 |
CPA
Cowen Prime Advisors
New York
|
-$47K |
| 5 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$41.5K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $21K | +$438 | +35 | +2% |
|
27
Osaic Holdings
Scottsdale,
Arizona
| $18K | +$2.5K | +200 | +17% |
|
28
Morgan Stanley
New York
| $11K | -$14.3K | -1,142 | -57% |
|
29
Wells Fargo
San Francisco,
California
| $10K | – | – | – |
|
|
S
30
SignatureFD
Atlanta,
Georgia
| $10K | +$9.68K | +773 | New |
|
31
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $8K | – | – | – |
|
32
Millennium Management
New York
| $833 | +$107K | +8,540 | +15% |
|
|
SV
33
Stilwell Value
New York
| – | -$3.24M | -256,083 | Closed |
|
|
CPA
34
Cowen Prime Advisors
New York
| – | -$47K | -3,000 | Closed |
|
|
TI
35
tru Independence
Portland,
Oregon
| – | -$26 | -2,020 | Closed |
|
|
EI
36
Ellevest Inc
New York
| – | +$375 | +30 | New |
|
CCAP Hedge Fund Activity: Q3 2020 in Review
34 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Crescent Capital BDC (CCAP) for Q3 2020, worth a combined $129M — up 4% from $124M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new CCAP positions and 3 closed out — a net gain of 5 holders — while 7 added to existing stakes and 9 trimmed.
The largest buyer was Cresset Asset Management, opening a new position worth an estimated $5.62M. The largest seller was Stilwell Value, exiting entirely with an estimated $3.24M sold.
- 34 institutional investors held Crescent Capital BDC (CCAP) as of Q3 2020, up from 29 in Q2 2020.
- Funds reported $129M of Crescent Capital BDC stock for Q3 2020, up 4% quarter-over-quarter.
- 8 funds opened new Crescent Capital BDC positions in Q3 2020 and 3 closed out, a net change of +5 holders.
- The largest Crescent Capital BDC buyer in Q3 2020 was Cresset Asset Management, an estimated $5.62M added.
- The largest Crescent Capital BDC seller in Q3 2020 was Stilwell Value, an estimated $3.24M sold.
Based on aggregated 13F filings for Q3 2020.