Main Street Capital
MAIN
179 hedge funds and large institutions have $624M invested in Main Street Capital in 2017 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 67 increasing their positions, 53 reducing their positions, and 21 closing their positions.
29% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 21
26% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 53
7% more capital invested
Capital invested by funds: $582M → $624M (+$41.5M)
2% more funds holding
Funds holding: 176 → 179 (+3)
0.84% more ownership
Funds ownership: 26.81% → 27.65% (+0.84%)
13% less funds holding in top 10
Funds holding in top 10: 8 → 7 (-1)
41% less call options, than puts
Call options by funds: $2.6M | Put options by funds: $4.38M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
+$11.8M |
| 2 |
TCM
Texan Capital Management
Houston,
Texas
|
+$5.53M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$5.42M |
| 4 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
+$4.56M |
| 5 |
M&T Bank
Buffalo,
New York
|
+$4.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIM
Friedberg Investment Management
Houston,
Texas
|
-$5.48M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$3.77M |
| 3 |
SMH
Sanders Morris Harris
Houston,
Texas
|
-$2.49M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$2.33M |
| 5 |
MC
Muzinich & Co
New York
|
-$2.11M |
MAIN Hedge Fund Activity: Q3 2017 in Review
179 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Main Street Capital (MAIN) for Q3 2017, worth a combined $624M — up 7.1% from $582M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new MAIN positions and 21 closed out — a net gain of 6 holders — while 67 added to existing stakes and 53 trimmed.
The largest buyer was McGowan Group Asset Management, opening a new position worth an estimated $11.8M. The largest seller was Friedberg Investment Management, cutting an estimated $5.48M.
- 179 institutional investors held Main Street Capital (MAIN) as of Q3 2017, up from 176 in Q2 2017.
- Funds reported $624M of Main Street Capital stock for Q3 2017, up 7.1% quarter-over-quarter.
- 27 funds opened new Main Street Capital positions in Q3 2017 and 21 closed out, a net change of +6 holders.
- The largest Main Street Capital buyer in Q3 2017 was McGowan Group Asset Management, an estimated $11.8M added.
- The largest Main Street Capital seller in Q3 2017 was Friedberg Investment Management, an estimated $5.48M sold.
Based on aggregated 13F filings for Q3 2017.