Crescent Capital BDC
CCAP
39 hedge funds and large institutions have $172M invested in Crescent Capital BDC in 2021 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 14 increasing their positions, 11 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
27% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 11
11% more capital invested
Capital invested by funds: $154M → $172M (+$17.4M)
5% more funds holding
Funds holding: 37 → 39 (+2)
2.23% more ownership
Funds ownership: 37.48% → 39.72% (+2.2%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Cresset Asset Management
Chicago,
Illinois
|
+$7.7M |
| 2 |
C
Cliffwater
Marina Del Rey,
California
|
+$1.44M |
| 3 |
CCM
Callodine Capital Management
Boston,
Massachusetts
|
+$838K |
| 4 |
CCA
Cobblestone Capital Advisors
Rochester,
New York
|
+$277K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$194K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.25M |
| 2 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$481K |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$467K |
| 4 |
LP
LMR Partners
London,
United Kingdom
|
-$273K |
| 5 |
CIM
Confluence Investment Management
St. Louis,
Missouri
|
-$254K |
CCAP Hedge Fund Activity: Q1 2021 in Review
39 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Crescent Capital BDC (CCAP) for Q1 2021, worth a combined $172M — up 11% from $154M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new CCAP positions and 2 closed out — a net gain of 2 holders — while 14 added to existing stakes and 11 trimmed.
The largest buyer was Cresset Asset Management, adding an estimated $7.7M. The largest seller was Raymond James & Associates, cutting an estimated $1.25M.
- 39 institutional investors held Crescent Capital BDC (CCAP) as of Q1 2021, up from 37 in Q4 2020.
- Funds reported $172M of Crescent Capital BDC stock for Q1 2021, up 11% quarter-over-quarter.
- 4 funds opened new Crescent Capital BDC positions in Q1 2021 and 2 closed out, a net change of +2 holders.
- The largest Crescent Capital BDC buyer in Q1 2021 was Cresset Asset Management, an estimated $7.7M added.
- The largest Crescent Capital BDC seller in Q1 2021 was Raymond James & Associates, an estimated $1.25M sold.
Based on aggregated 13F filings for Q1 2021.