Capital Southwest
CSWC
174 hedge funds and large institutions have $383M invested in Capital Southwest in 2025 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 64 increasing their positions, 43 reducing their positions, and 19 closing their positions.
89% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 19
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
49% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 43
19% more capital invested
Capital invested by funds: $322M → $383M (+$60.7M)
9% more funds holding
Funds holding: 160 → 174 (+14)
2.96% more ownership
Funds ownership: 30.97% → 33.94% (+3%)
74% less call options, than puts
Call options by funds: $2.33M | Put options by funds: $8.86M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SMH
Sanders Morris Harris
Houston,
Texas
|
+$14M |
| 2 |
EP
EPIQ Partners
Minneapolis,
Minnesota
|
+$5.77M |
| 3 |
Two Sigma Advisers
New York
|
+$5.43M |
| 4 |
Millennium Management
New York
|
+$5.23M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$4.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZIG
Zuckerman Investment Group
Chicago,
Illinois
|
-$5.54M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$4.47M |
| 3 |
MML Investors Services
Springfield,
Massachusetts
|
-$2.61M |
| 4 |
D.E. Shaw & Co
New York
|
-$1.72M |
| 5 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
-$1.71M |
CSWC Hedge Fund Activity: Q1 2025 in Review
174 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Capital Southwest (CSWC) for Q1 2025, worth a combined $383M — up 19% from $322M a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new CSWC positions and 19 closed out — a net gain of 17 holders — while 64 added to existing stakes and 43 trimmed.
The largest buyer was Sanders Morris Harris, adding an estimated $14M. The largest seller was Zuckerman Investment Group, cutting an estimated $5.54M.
- 174 institutional investors held Capital Southwest (CSWC) as of Q1 2025, up from 160 in Q4 2024.
- Funds reported $383M of Capital Southwest stock for Q1 2025, up 19% quarter-over-quarter.
- 36 funds opened new Capital Southwest positions in Q1 2025 and 19 closed out, a net change of +17 holders.
- The largest Capital Southwest buyer in Q1 2025 was Sanders Morris Harris, an estimated $14M added.
- The largest Capital Southwest seller in Q1 2025 was Zuckerman Investment Group, an estimated $5.54M sold.
Based on aggregated 13F filings for Q1 2025.