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Crescent Capital BDC
CCAP

70 hedge funds and large institutions have $317M invested in Crescent Capital BDC in 2023 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 24 increasing their positions, 18 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

112% more call options, than puts

Call options by funds: $542K | Put options by funds: $256K

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

33% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 18

15% more capital invested

Capital invested by funds: $275M → $317M (+$41.7M)

11% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 9

0.54% more ownership

Funds ownership: 49.02% → 49.55% (+0.54%)

0% more funds holding

Funds holding: 70 → 70 (0)

Holders
70
Holders Change
–
Holders Change %
0%
% of All Funds
1.11%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.06%
New
10
Increased
24
Reduced
18
Closed
9
Calls
$542K
Puts
$256K
Net Calls
+$286K
Net Calls Change
+$16K

Top Buyers

1
SLF
Sun Life Financial
Ontario, Canada
+$7.7M
2
Millennium Management
Millennium Management
New York
+$2.69M
3
Bank of America
Bank of America
North Carolina
+$967K
4
Tudor Investment Corp
Tudor Investment Corp
Connecticut
+$730K
5
Two Sigma Investments
Two Sigma Investments
New York
+$533K

Top Sellers

1
CCM
Callodine Capital Management
Massachusetts
-$3.28M
2
QC
Quadrature Capital
United Kingdom
-$1.69M
3
Citadel Advisors
Citadel Advisors
Florida
-$1.38M
4
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
-$1.08M
5
AGM
Alpine Global Management
New York
-$988K
Name Holding Trade Value Shares
Change 		Change in
Stake
TCDRS
1
Texas County & District Retirement System
Texas
$85.5M – – –
FNF
2
Fidelity National Financial
Florida
$71.9M – – –
FFH
3
Fairfax Financial Holdings
Ontario, Canada
$35.8M – – –
SLF
4
Sun Life Financial
Ontario, Canada
$29.2M +$7.7M +464,867 +37%
Mariner
5
Mariner
Kansas
$12M +$38K +2,293 +0.3%
AM
6
Ares Management
California
$8.04M – – –
CLG
7
Cooperman Leon G
$7.18M – – –
Millennium Management
8
Millennium Management
New York
$6.54M +$2.69M +162,375 +74%
RVPG
9
Relative Value Partners Group
$6.42M -$912K -55,110 -13%
AGC
10
Aspen Grove Capital
Colorado
$4.11M +$43.1K +2,603 +3%
Two Sigma Investments
11
Two Sigma Investments
New York
$3.63M +$533K +32,174 +18%
CCM
12
Condor Capital Management
New Jersey
$3.26M +$362K +21,886 +13%
Two Sigma Advisers
13
Two Sigma Advisers
New York
$3.1M +$442K +26,700 +17%
CCM
14
Callodine Capital Management
Massachusetts
$3.02M -$3.28M -198,363 -53%
HighTower Advisors
15
HighTower Advisors
Illinois
$2.65M -$41.6K -2,512 -2%
RJA
16
Raymond James & Associates
Florida
$2.5M +$253K +15,271 +12%
Bank of America
17
Bank of America
North Carolina
$2.34M +$967K +58,391 +74%
BlackRock
18
BlackRock
New York
$2.24M -$354K -21,377 -14%
Skandinaviska Enskilda Banken (SEB)
19
Skandinaviska Enskilda Banken (SEB)
Sweden
$1.87M – – –
PI
20
Putnam Investments
Massachusetts
$1.51M +$524K +31,627 +56%
C
21
Cliffwater
California
$1.51M – – –
UBS Group
22
UBS Group
Switzerland
$1.42M -$230K -13,869 -14%
Citadel Advisors
23
Citadel Advisors
Florida
$1.26M -$1.38M -83,587 -53%
CAPTRUST Financial Advisors
24
CAPTRUST Financial Advisors
North Carolina
$1.22M -$41.5K -2,504 -3%
FWIA
25
Fort Washington Investment Advisors
Ohio
$1.16M – – –
1
2 3 4

CCAP Hedge Fund Activity: Q3 2023 in Review

70 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Crescent Capital BDC (CCAP) for Q3 2023, worth a combined $317M — up 15% from $275M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new CCAP positions and 9 closed out — a net gain of 1 holder — while 24 added to existing stakes and 18 trimmed.

The largest buyer was Sun Life Financial, adding an estimated $7.7M. The largest seller was Callodine Capital Management, cutting an estimated $3.28M.

  • 70 institutional investors held Crescent Capital BDC (CCAP) as of Q3 2023, unchanged from Q2 2023.
  • Funds reported $317M of Crescent Capital BDC stock for Q3 2023, up 15% quarter-over-quarter.
  • 10 funds opened new Crescent Capital BDC positions in Q3 2023 and 9 closed out, a net change of +1 holder.
  • The largest Crescent Capital BDC buyer in Q3 2023 was Sun Life Financial, an estimated $7.7M added.
  • The largest Crescent Capital BDC seller in Q3 2023 was Callodine Capital Management, an estimated $3.28M sold.

Based on aggregated 13F filings for Q3 2023.