Crescent Capital BDC
CCAP
29 hedge funds and large institutions have $124M invested in Crescent Capital BDC in 2020 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 7 reducing their positions, and 7 closing their positions.
136% more capital invested
Capital invested by funds: $52.5M → $124M (+$71.3M)
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
16.01% more ownership
Funds ownership: 19.2% → 35.21% (+16%)
0% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 7
3% less funds holding
Funds holding: 30 → 29 (-1)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FNF
Fidelity National Financial
Jacksonville,
Florida
|
+$48.4M |
| 2 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$1.55M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.46M |
| 4 |
C
Cliffwater
Marina Del Rey,
California
|
+$1.26M |
| 5 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$830K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SV
Stilwell Value
New York
|
-$1.3M |
| 2 |
Morgan Stanley
New York
|
-$970K |
| 3 |
MFP
Michael F. Price
|
-$448K |
| 4 |
CC
Caxton Corporation
Princeton,
New Jersey
|
-$332K |
| 5 |
AM
Ares Management
Los Angeles,
California
|
-$309K |
CCAP Hedge Fund Activity: Q2 2020 in Review
29 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Crescent Capital BDC (CCAP) for Q2 2020, worth a combined $124M — up 136% from $52.5M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of CCAP and 6 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 7 added.
The largest buyer was Fidelity National Financial, opening a new position worth an estimated $48.4M. The largest seller was Stilwell Value, cutting an estimated $1.3M.
- 29 institutional investors held Crescent Capital BDC (CCAP) as of Q2 2020, down from 30 in Q1 2020.
- Funds reported $124M of Crescent Capital BDC stock for Q2 2020, up 136% quarter-over-quarter.
- 6 funds opened new Crescent Capital BDC positions in Q2 2020 and 7 closed out, a net change of -1 holder.
- The largest Crescent Capital BDC buyer in Q2 2020 was Fidelity National Financial, an estimated $48.4M added.
- The largest Crescent Capital BDC seller in Q2 2020 was Stilwell Value, an estimated $1.3M sold.
Based on aggregated 13F filings for Q2 2020.