FS Credit Opportunities Corp
FSCO
226 hedge funds and large institutions have $120M invested in FS Credit Opportunities Corp in 2023 Q1 according to their latest regulatory filings, with 87 funds opening new positions, 119 increasing their positions, 9 reducing their positions, and 19 closing their positions.
1,222% more repeat investments, than reductions
Existing positions increased: 119 | Existing positions reduced: 9
358% more first-time investments, than exits
New positions opened: 87 | Existing positions closed: 19
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
40% more funds holding
Funds holding: 162 → 226 (+64)
9.62% more ownership
Funds ownership: 9.31% → 18.94% (+9.6%)
78% less capital invested
Capital invested by funds: $549M → $120M (-$430M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$23.1M |
| 2 |
PCM
Penserra Capital Management
Orinda,
California
|
+$8.1M |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$5.14M |
| 4 |
WWMSC
Wagner Wealth Management (South Carolina)
Greenville,
South Carolina
|
+$4.39M |
| 5 |
LPL Financial
San Diego,
California
|
+$3.58M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WIM
WealthPlan Investment Management
Omaha,
Nebraska
|
-$1.64M |
| 2 |
WP
WealthPLAN Partners
Omaha,
Nebraska
|
-$1.64M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$1.08M |
| 4 |
SGWM
Sterling Group Wealth Management
Pasadena,
California
|
-$407K |
| 5 |
NWMG
National Wealth Management Group
Cincinnati,
Ohio
|
-$259K |
FSCO Hedge Fund Activity: Q1 2023 in Review
226 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in FS Credit Opportunities Corp (FSCO) for Q1 2023, worth a combined $120M — down 78% from $549M a quarter earlier.
Buyers outnumbered sellers: 87 funds opened new FSCO positions and 19 closed out — a net gain of 68 holders — while 119 added to existing stakes and 9 trimmed.
The largest buyer was Commonwealth Equity Services, adding an estimated $23.1M. The largest seller was WealthPlan Investment Management, cutting an estimated $1.64M.
- 226 institutional investors held FS Credit Opportunities Corp (FSCO) as of Q1 2023, up from 162 in Q4 2022.
- Funds reported $120M of FS Credit Opportunities Corp stock for Q1 2023, down 78% quarter-over-quarter.
- 87 funds opened new FS Credit Opportunities Corp positions in Q1 2023 and 19 closed out, a net change of +68 holders.
- The largest FS Credit Opportunities Corp buyer in Q1 2023 was Commonwealth Equity Services, an estimated $23.1M added.
- The largest FS Credit Opportunities Corp seller in Q1 2023 was WealthPlan Investment Management, an estimated $1.64M sold.
Based on aggregated 13F filings for Q1 2023.