Main Street Capital
MAIN
220 hedge funds and large institutions have $280M invested in Main Street Capital in 2020 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 85 increasing their positions, 64 reducing their positions, and 61 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 64
0.27% less ownership
Funds ownership: 22.33% → 22.06% (-0.27%)
13% less funds holding
Funds holding: 252 → 220 (-32)
41% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 61
54% less capital invested
Capital invested by funds: $609M → $280M (-$328M)
63% less call options, than puts
Call options by funds: $3.9M | Put options by funds: $10.7M
67% less funds holding in top 10
Funds holding in top 10: 6 → 2 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
+$18.9M |
| 2 |
JP Morgan Chase
New York
|
+$7.92M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$7.28M |
| 4 |
ACM
Advisors Capital Management
Ridgewood,
New Jersey
|
+$6.28M |
| 5 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
+$4.77M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$24.6M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$11.7M |
| 3 |
M&T Bank
Buffalo,
New York
|
-$11M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$9.34M |
| 5 |
BCM
Brasada Capital Management
Houston,
Texas
|
-$6.75M |
MAIN Hedge Fund Activity: Q1 2020 in Review
220 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Main Street Capital (MAIN) for Q1 2020, worth a combined $280M — down 54% from $609M a quarter earlier.
Sellers outnumbered buyers: 61 funds closed out of MAIN and 36 opened new positions — a net loss of 25 holders — while 64 trimmed existing stakes and 85 added.
The largest buyer was Sumitomo Mitsui Trust Group, opening a new position worth an estimated $18.9M. The largest seller was Macquarie Group, exiting entirely with an estimated $24.6M sold.
- 220 institutional investors held Main Street Capital (MAIN) as of Q1 2020, down from 252 in Q4 2019.
- Funds reported $280M of Main Street Capital stock for Q1 2020, down 54% quarter-over-quarter.
- 36 funds opened new Main Street Capital positions in Q1 2020 and 61 closed out, a net change of -25 holders.
- The largest Main Street Capital buyer in Q1 2020 was Sumitomo Mitsui Trust Group, an estimated $18.9M added.
- The largest Main Street Capital seller in Q1 2020 was Macquarie Group, an estimated $24.6M sold.
Based on aggregated 13F filings for Q1 2020.