FS Credit Opportunities Corp
FSCO
262 hedge funds and large institutions have $313M invested in FS Credit Opportunities Corp in 2023 Q2 according to their latest regulatory filings, with 57 funds opening new positions, 174 increasing their positions, 17 reducing their positions, and 17 closing their positions.
924% more repeat investments, than reductions
Existing positions increased: 174 | Existing positions reduced: 17
235% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 17
162% more capital invested
Capital invested by funds: $120M → $313M (+$193M)
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
16% more funds holding
Funds holding: 226 → 262 (+36)
14.26% more ownership
Funds ownership: 18.94% → 33.2% (+14%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$31.3M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$18.9M |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$18.4M |
| 4 |
WWMSC
Wagner Wealth Management (South Carolina)
Greenville,
South Carolina
|
+$5.31M |
| 5 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$4.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Almitas Capital
Santa Monica,
California
|
-$4.06M |
| 2 |
Mercer Global Advisors
Denver,
Colorado
|
-$1.07M |
| 3 |
WMA
West Michigan Advisors
Holland,
Michigan
|
-$1.05M |
| 4 |
NWMG
National Wealth Management Group
Cincinnati,
Ohio
|
-$220K |
| 5 |
Fisher Asset Management
Camas,
Washington
|
-$196K |
FSCO Hedge Fund Activity: Q2 2023 in Review
262 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in FS Credit Opportunities Corp (FSCO) for Q2 2023, worth a combined $313M — up 162% from $120M a quarter earlier.
Buyers outnumbered sellers: 57 funds opened new FSCO positions and 17 closed out — a net gain of 40 holders — while 174 added to existing stakes and 17 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $31.3M. The largest seller was Almitas Capital, cutting an estimated $4.06M.
- 262 institutional investors held FS Credit Opportunities Corp (FSCO) as of Q2 2023, up from 226 in Q1 2023.
- Funds reported $313M of FS Credit Opportunities Corp stock for Q2 2023, up 162% quarter-over-quarter.
- 57 funds opened new FS Credit Opportunities Corp positions in Q2 2023 and 17 closed out, a net change of +40 holders.
- The largest FS Credit Opportunities Corp buyer in Q2 2023 was Saba Capital Management, an estimated $31.3M added.
- The largest FS Credit Opportunities Corp seller in Q2 2023 was Almitas Capital, an estimated $4.06M sold.
Based on aggregated 13F filings for Q2 2023.