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Crescent Capital BDC
CCAP

70 hedge funds and large institutions have $275M invested in Crescent Capital BDC in 2023 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 25 increasing their positions, 17 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

93% more call options, than puts

Call options by funds: $559K | Put options by funds: $289K

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

47% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 17

9% more capital invested

Capital invested by funds: $253M → $275M (+$21.5M)

9% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 11

1.19% less ownership

Funds ownership: 50.2% → 49.02% (-1.2%)

1% less funds holding

Funds holding: 71 → 70 (-1)

Holders
70
Holders Change
-1
Holders Change %
-1.41%
% of All Funds
1.1%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
10
Increased
25
Reduced
17
Closed
11
Calls
$559K
Puts
$289K
Net Calls
+$270K
Net Calls Change
-$321K

Top Buyers

1
Millennium Management
Millennium Management
New York
+$2.58M
2
SLF
Sun Life Financial
Ontario, Canada
+$2.31M
3
QC
Quadrature Capital
United Kingdom
+$1.3M
4
AGC
Aspen Grove Capital
Colorado
+$1.22M
5
FWIA
Fort Washington Investment Advisors
Ohio
+$950K

Top Sellers

1
First Eagle Investment Management
First Eagle Investment Management
New York
-$13.3M
2
AC
Almitas Capital
California
-$1.86M
3
EMFAT
Emerald Mutual Fund Advisers Trust
Pennsylvania
-$671K
4
UCFA
United Capital Financial Advisors
Texas
-$628K
5
HighTower Advisors
HighTower Advisors
Illinois
-$547K
Name Holding Trade Value Shares
Change 		Change in
Stake
Franklin Resources
76
Franklin Resources
California
– -$265K -19,432 Closed
DTL
77
Dynamic Technology Lab
Singapore
– -$259K -19,041 Closed
YCM
78
Yakira Capital Management
Connecticut
– -$192K -14,111 Closed
GIM
79
Greenwich Investment Management
Connecticut
– -$144K -10,615 Closed
TRCT
80
Tower Research Capital (TRC)
New York
– -$46K -3,391 Closed
BAM
81
Belpointe Asset Management
Nevada
– -$14.4K -1,056 Closed
1 2 3
4

CCAP Hedge Fund Activity: Q2 2023 in Review

70 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Crescent Capital BDC (CCAP) for Q2 2023, worth a combined $275M — up 8.5% from $253M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of CCAP and 10 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 25 added.

The largest buyer was Millennium Management, adding an estimated $2.58M. The largest seller was First Eagle Investment Management, exiting entirely with an estimated $13.3M sold.

  • 70 institutional investors held Crescent Capital BDC (CCAP) as of Q2 2023, down from 71 in Q1 2023.
  • Funds reported $275M of Crescent Capital BDC stock for Q2 2023, up 8.5% quarter-over-quarter.
  • 10 funds opened new Crescent Capital BDC positions in Q2 2023 and 11 closed out, a net change of -1 holder.
  • The largest Crescent Capital BDC buyer in Q2 2023 was Millennium Management, an estimated $2.58M added.
  • The largest Crescent Capital BDC seller in Q2 2023 was First Eagle Investment Management, an estimated $13.3M sold.

Based on aggregated 13F filings for Q2 2023.