Capital Southwest
CSWC
64 hedge funds and large institutions have $64.1M invested in Capital Southwest in 2020 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 23 increasing their positions, 17 reducing their positions, and 26 closing their positions.
35% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 17
8.57% less ownership
Funds ownership: 43.05% → 34.47% (-8.6%)
20% less funds holding
Funds holding: 80 → 64 (-16)
54% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 26
60% less capital invested
Capital invested by funds: $161M → $64.1M (-$96.7M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $246K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AM
Ares Management
Los Angeles,
California
|
+$4.45M |
| 2 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
+$1.36M |
| 3 |
D.E. Shaw & Co
New York
|
+$1.05M |
| 4 |
Two Sigma Advisers
New York
|
+$954K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$538K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCP
Moab Capital Partners
Southampton,
New York
|
-$5.33M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$4.11M |
| 3 |
ZIG
Zuckerman Investment Group
Chicago,
Illinois
|
-$3.84M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$3.15M |
| 5 |
NA
Navellier & Associates
Reno,
Nevada
|
-$2.52M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CSS
76
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$204K | -9,786 | Closed |
|
|
CF
77
Centaurus Financial
Anaheim,
California
| – | -$166K | -7,965 | Closed |
|
78
Nisa Investment Advisors
St. Louis,
Missouri
| – | -$96K | -4,600 | Closed |
|
|
ACM
79
Allred Capital Management
Dallas,
Texas
| – | -$62.4K | -3,000 | Closed |
|
|
PGAM
80
Princeton Global Asset Management
Princeton,
New Jersey
| – | -$50 | -2,400 | Closed |
|
|
VCM
81
Vigilant Capital Management
Portland,
Maine
| – | -$42K | -2,000 | Closed |
|
|
VFA
82
Valeo Financial Advisors
Carmel,
Indiana
| – | -$36K | -1,740 | Closed |
|
|
VRM
83
Vectors Research Management
New York
| – | -$10K | -500 | Closed |
|
|
GAM
84
Gemmer Asset Management
Walnut Creek,
California
| – | -$5K | -250 | Closed |
|
|
CFB
85
Cullen/Frost Bankers
San Antonio,
Texas
| – | -$1K | -30 | Closed |
|
86
Fidelity Investments
Boston,
Massachusetts
| – | +$18 | +1 | New |
|
87
Bank of America
Charlotte,
North Carolina
| – | +$344 | +19 | New |
|
CSWC Hedge Fund Activity: Q1 2020 in Review
64 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Capital Southwest (CSWC) for Q1 2020, worth a combined $64.1M — down 60% from $161M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of CSWC and 12 opened new positions — a net loss of 14 holders — while 17 trimmed existing stakes and 23 added.
The largest buyer was Ares Management, opening a new position worth an estimated $4.45M. The largest seller was Moab Capital Partners, exiting entirely with an estimated $5.33M sold.
- 64 institutional investors held Capital Southwest (CSWC) as of Q1 2020, down from 80 in Q4 2019.
- Funds reported $64.1M of Capital Southwest stock for Q1 2020, down 60% quarter-over-quarter.
- 12 funds opened new Capital Southwest positions in Q1 2020 and 26 closed out, a net change of -14 holders.
- The largest Capital Southwest buyer in Q1 2020 was Ares Management, an estimated $4.45M added.
- The largest Capital Southwest seller in Q1 2020 was Moab Capital Partners, an estimated $5.33M sold.
Based on aggregated 13F filings for Q1 2020.