Main Street Capital
MAIN
122 hedge funds and large institutions have $349M invested in Main Street Capital in 2014 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 58 increasing their positions, 35 reducing their positions, and 22 closing their positions.
66% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 35
1.35% less ownership
Funds ownership: 26.3% → 24.95% (-1.4%)
8% less funds holding
Funds holding: 133 → 122 (-11)
11% less capital invested
Capital invested by funds: $390M → $349M (-$41.9M)
15% less call options, than puts
Call options by funds: $1.85M | Put options by funds: $2.18M
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
50% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cetera Advisors
Denver,
Colorado
|
+$6.59M |
| 2 |
PSI
Pinnacle Summer Investments
Fairfax,
Virginia
|
+$6.06M |
| 3 |
Goldman Sachs
New York
|
+$3.79M |
| 4 |
California Public Employees Retirement System
Sacramento,
California
|
+$3.36M |
| 5 |
Morgan Stanley
New York
|
+$2.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
-$10.3M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$6.07M |
| 3 |
PP
Paloma Partners
Greenwich,
Connecticut
|
-$5.53M |
| 4 |
U
UBS
Zurich,
Switzerland
|
-$4.24M |
| 5 |
BCMU
BlueCrest Capital Management (UK)
St. Peter Port,
Guernsey
|
-$4.13M |
MAIN Hedge Fund Activity: Q3 2014 in Review
122 of the 3,448 institutional investors tracked by Wall St. Rank reported a position in Main Street Capital (MAIN) for Q3 2014, worth a combined $349M — down 11% from $390M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of MAIN and 11 opened new positions — a net loss of 11 holders — while 35 trimmed existing stakes and 58 added.
The largest buyer was Cetera Advisors, adding an estimated $6.59M. The largest seller was Northern Trust, exiting entirely with an estimated $10.3M sold.
- 122 institutional investors held Main Street Capital (MAIN) as of Q3 2014, down from 133 in Q2 2014.
- Funds reported $349M of Main Street Capital stock for Q3 2014, down 11% quarter-over-quarter.
- 11 funds opened new Main Street Capital positions in Q3 2014 and 22 closed out, a net change of -11 holders.
- The largest Main Street Capital buyer in Q3 2014 was Cetera Advisors, an estimated $6.59M added.
- The largest Main Street Capital seller in Q3 2014 was Northern Trust, an estimated $10.3M sold.
Based on aggregated 13F filings for Q3 2014.