Capital Southwest
CSWC
162 hedge funds and large institutions have $357M invested in Capital Southwest in 2025 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 46 increasing their positions, 60 reducing their positions, and 25 closing their positions.
116% more call options, than puts
Call options by funds: $5.42M | Put options by funds: $2.51M
4% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 25
1% less funds holding
Funds holding: 164 → 162 (-2)
4.04% less ownership
Funds ownership: 30.07% → 26.04% (-4%)
10% less capital invested
Capital invested by funds: $395M → $357M (-$37.7M)
23% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 60
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
+$3.99M |
| 2 |
Two Sigma Investments
New York
|
+$3.31M |
| 3 |
MC
Muzinich & Co
New York
|
+$3.21M |
| 4 |
SIS
Sound Income Strategies
Ft Lauderdale,
Florida
|
+$2.73M |
| 5 |
GA
GraniteShares Advisors
New York
|
+$2.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SMH
Sanders Morris Harris
Houston,
Texas
|
-$29.9M |
| 2 |
ZIG
Zuckerman Investment Group
Chicago,
Illinois
|
-$7.82M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$5.51M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$4.37M |
| 5 |
TI
Trexquant Investment
Stamford,
Connecticut
|
-$4.21M |
CSWC Hedge Fund Activity: Q4 2025 in Review
162 of the 8,270 institutional investors tracked by Wall St. Rank reported a position in Capital Southwest (CSWC) for Q4 2025, worth a combined $357M — down 9.5% from $395M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new CSWC positions and 25 closed out — a net gain of 1 holder — while 46 added to existing stakes and 60 trimmed.
The largest buyer was Connor, Clark & Lunn Investment Management (CC&L), opening a new position worth an estimated $3.99M. The largest seller was Sanders Morris Harris, exiting entirely with an estimated $29.9M sold.
- 162 institutional investors held Capital Southwest (CSWC) as of Q4 2025, down from 164 in Q3 2025.
- Funds reported $357M of Capital Southwest stock for Q4 2025, down 9.5% quarter-over-quarter.
- 26 funds opened new Capital Southwest positions in Q4 2025 and 25 closed out, a net change of +1 holder.
- The largest Capital Southwest buyer in Q4 2025 was Connor, Clark & Lunn Investment Management (CC&L), an estimated $3.99M added.
- The largest Capital Southwest seller in Q4 2025 was Sanders Morris Harris, an estimated $29.9M sold.
Based on aggregated 13F filings for Q4 2025.