Capital Southwest
CSWC
177 hedge funds and large institutions have $438M invested in Capital Southwest in 2025 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 68 increasing their positions, 48 reducing their positions, and 27 closing their positions.
42% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 48
15% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 27
14% more capital invested
Capital invested by funds: $383M → $438M (+$54.9M)
2% more funds holding
Funds holding: 174 → 177 (+3)
1.39% less ownership
Funds ownership: 33.94% → 32.55% (-1.4%)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
20% less call options, than puts
Call options by funds: $3.1M | Put options by funds: $3.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$10M |
| 2 |
CM
Columbus Macro
New Castle,
Pennsylvania
|
+$5.99M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$5.98M |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$5.97M |
| 5 |
VanEck Associates
New York
|
+$3.71M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$15.3M |
| 2 |
HCA
Harbor Capital Advisors
Chicago,
Illinois
|
-$9.01M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$5.29M |
| 4 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
-$3.88M |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$3.57M |
CSWC Hedge Fund Activity: Q2 2025 in Review
177 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Capital Southwest (CSWC) for Q2 2025, worth a combined $438M — up 14% from $383M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new CSWC positions and 27 closed out — a net gain of 4 holders — while 68 added to existing stakes and 48 trimmed.
The largest buyer was UBS Group, adding an estimated $10M. The largest seller was Punch & Associates Investment Management, exiting entirely with an estimated $15.3M sold.
- 177 institutional investors held Capital Southwest (CSWC) as of Q2 2025, up from 174 in Q1 2025.
- Funds reported $438M of Capital Southwest stock for Q2 2025, up 14% quarter-over-quarter.
- 31 funds opened new Capital Southwest positions in Q2 2025 and 27 closed out, a net change of +4 holders.
- The largest Capital Southwest buyer in Q2 2025 was UBS Group, an estimated $10M added.
- The largest Capital Southwest seller in Q2 2025 was Punch & Associates Investment Management, an estimated $15.3M sold.
Based on aggregated 13F filings for Q2 2025.