FS Credit Opportunities Corp
FSCO
256 hedge funds and large institutions have $387M invested in FS Credit Opportunities Corp in 2023 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 80 increasing their positions, 77 reducing their positions, and 32 closing their positions.
24% more capital invested
Capital invested by funds: $313M → $387M (+$74.4M)
2.84% more ownership
Funds ownership: 33.2% → 36.03% (+2.8%)
4% more repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 77
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
9% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 32
2% less funds holding
Funds holding: 262 → 256 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$9.6M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
+$6.33M |
| 3 |
AGM
Alpine Global Management
New York
|
+$5.31M |
| 4 |
SCM
Saba Capital Management
New York
|
+$4.32M |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$2.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$4.47M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$4.43M |
| 3 |
AC
Almitas Capital
Santa Monica,
California
|
-$1.04M |
| 4 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$995K |
| 5 |
PWM
PRW Wealth Management
Quincy,
Massachusetts
|
-$799K |
FSCO Hedge Fund Activity: Q3 2023 in Review
256 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in FS Credit Opportunities Corp (FSCO) for Q3 2023, worth a combined $387M — up 24% from $313M a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of FSCO and 29 opened new positions — a net loss of 3 holders — while 77 trimmed existing stakes and 80 added.
The largest buyer was Sit Investment Associates, adding an estimated $9.6M. The largest seller was Kestra Advisory Services, exiting entirely with an estimated $4.47M sold.
- 256 institutional investors held FS Credit Opportunities Corp (FSCO) as of Q3 2023, down from 262 in Q2 2023.
- Funds reported $387M of FS Credit Opportunities Corp stock for Q3 2023, up 24% quarter-over-quarter.
- 29 funds opened new FS Credit Opportunities Corp positions in Q3 2023 and 32 closed out, a net change of -3 holders.
- The largest FS Credit Opportunities Corp buyer in Q3 2023 was Sit Investment Associates, an estimated $9.6M added.
- The largest FS Credit Opportunities Corp seller in Q3 2023 was Kestra Advisory Services, an estimated $4.47M sold.
Based on aggregated 13F filings for Q3 2023.