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Crescent Capital BDC
CCAP

71 hedge funds and large institutions have $253M invested in Crescent Capital BDC in 2023 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 29 increasing their positions, 11 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

844% more call options, than puts

Call options by funds: $661K | Put options by funds: $70K

300% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 5

164% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 11

25% more funds holding

Funds holding: 57 → 71 (+14)

18% more capital invested

Capital invested by funds: $214M → $253M (+$39.4M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

4.03% less ownership

Funds ownership: 54.24% → 50.2% (-4%)

Holders
71
Holders Change
+14
Holders Change %
+24.56%
% of All Funds
1.13%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
20
Increased
29
Reduced
11
Closed
5
Calls
$661K
Puts
$70K
Net Calls
+$591K
Net Calls Change
+$533K

Top Buyers

1
First Eagle Investment Management
First Eagle Investment Management
New York
+$14.2M
2
CLG
Cooperman Leon G
+$6.09M
3
Citadel Advisors
Citadel Advisors
Florida
+$1.72M
4
Skandinaviska Enskilda Banken (SEB)
Skandinaviska Enskilda Banken (SEB)
Sweden
+$1.58M
5
Two Sigma Investments
Two Sigma Investments
New York
+$1.29M

Top Sellers

1
C
Cliffwater
California
-$2.76M
2
BlackRock
BlackRock
New York
-$1.37M
3
CAM
Cresset Asset Management
Illinois
-$1.32M
4
Millennium Management
Millennium Management
New York
-$777K
5
AM
Ares Management
California
-$759K
Name Holding Trade Value Shares
Change 		Change in
Stake
CIM
26
Confluence Investment Management
Missouri
$918K +$261K +17,983 +36%
Royal Bank of Canada
27
Royal Bank of Canada
Ontario, Canada
$862K +$179K +12,348 +24%
MCM
28
McKinley Capital Management
Alaska
$845K -$7.81K -539 -0.9%
Morgan Stanley
29
Morgan Stanley
New York
$829K +$421K +29,086 +92%
CCA
30
Cobblestone Capital Advisors
New York
$701K +$2.9K +200 +0.4%
EMFAT
31
Emerald Mutual Fund Advisers Trust
Pennsylvania
$671K +$714K +49,287 New
BPA
32
Beacon Pointe Advisors
California
$670K -$68.1K -4,702 -9%
Mackenzie Financial
33
Mackenzie Financial
Ontario, Canada
$629K -$71.2K -4,914 -10%
UCFA
34
United Capital Financial Advisors
Texas
$628K +$668K +46,115 New
PI
35
Putnam Investments
Massachusetts
$506K +$538K +37,132 New
Millennium Management
36
Millennium Management
New York
$488K -$777K -53,645 -60%
VEA
37
Virtus ETF Advisers
New York
$457K +$31.7K +2,187 +7%
IWC
38
Integrated Wealth Concepts
Massachusetts
$443K +$471K +32,513 New
AIM
39
Anchor Investment Management
South Carolina
$334K +$356K +24,547 New
WAP
40
Wealthcare Advisory Partners
Pennsylvania
$331K +$352K +24,326 New
LPL Financial
41
LPL Financial
California
$326K +$109K +7,490 +45%
AWM
42
Apollon Wealth Management
South Carolina
$300K +$90.1K +6,219 +39%
HF
43
HRT Financial
New York
$287K +$110K +7,572 +56%
Marshall Wace
44
Marshall Wace
United Kingdom
$278K +$113K +7,777 +62%
Franklin Resources
45
Franklin Resources
California
$265K +$282K +19,432 New
DTL
46
Dynamic Technology Lab
Singapore
$259K +$276K +19,041 New
IC
47
IEQ Capital
California
$254K +$270K +18,615 New
Envestnet Asset Management
48
Envestnet Asset Management
Illinois
$226K – – –
CCM
49
Cox Capital Management
Massachusetts
$224K +$238K +16,444 New
PFA
50
Pettinga Financial Advisors
Indiana
$210K +$224K +15,446 New
1
2
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CCAP Hedge Fund Activity: Q1 2023 in Review

71 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Crescent Capital BDC (CCAP) for Q1 2023, worth a combined $253M — up 18% from $214M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new CCAP positions and 5 closed out — a net gain of 15 holders — while 29 added to existing stakes and 11 trimmed.

The largest buyer was First Eagle Investment Management, opening a new position worth an estimated $14.2M. The largest seller was Cliffwater, cutting an estimated $2.76M.

  • 71 institutional investors held Crescent Capital BDC (CCAP) as of Q1 2023, up from 57 in Q4 2022.
  • Funds reported $253M of Crescent Capital BDC stock for Q1 2023, up 18% quarter-over-quarter.
  • 20 funds opened new Crescent Capital BDC positions in Q1 2023 and 5 closed out, a net change of +15 holders.
  • The largest Crescent Capital BDC buyer in Q1 2023 was First Eagle Investment Management, an estimated $14.2M added.
  • The largest Crescent Capital BDC seller in Q1 2023 was Cliffwater, an estimated $2.76M sold.

Based on aggregated 13F filings for Q1 2023.