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Oaktree Specialty Lending
OCSL

135 hedge funds and large institutions have $246M invested in Oaktree Specialty Lending in 2016 Q1 according to their latest regulatory filings, with 25 funds opening new positions, 29 increasing their positions, 53 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% more call options, than puts

Call options by funds: $549K | Put options by funds: $533K

0% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 25

2% less funds holding

Funds holding: 138 → 135 (-3)

6.98% less ownership

Funds ownership: 29.59% → 22.61% (-7%)

33% less funds holding in top 10

Funds holding in top 10: 6 → 4 (-2)

36% less capital invested

Capital invested by funds: $386M → $246M (-$140M)

45% less repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 53

Holders
135
Holders Change
-3
Holders Change %
-2.17%
% of All Funds
3.6%
Holding in Top 10
4
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-33.33%
% of All Funds
0.11%
New
25
Increased
29
Reduced
53
Closed
25
Calls
$549K
Puts
$533K
Net Calls
+$16K
Net Calls Change
+$7K

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$9.04M
2
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$3.17M
3
PCIG
Partners Capital Investment Group
Massachusetts
+$3.09M
4
JP Morgan Chase
JP Morgan Chase
New York
+$2.2M
5
MP
Mangrove Partners
Connecticut
+$1.94M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$51.2M
2
HCM
Highbridge Capital Management
New York
-$12.5M
3
CHAM
Clear Harbor Asset Management
Connecticut
-$9.9M
4
LCP
Lombardia Capital Partners
California
-$7.87M
5
CHA
Cedar Hill Associates
Illinois
-$7.62M
Name Holding Trade Value Shares
Change 		Change in
Stake
GC
26
Guggenheim Capital
Illinois
$1.98M -$72.9K -4,657 -3%
Millennium Management
27
Millennium Management
New York
$1.86M +$1.87M +119,615 +3,194%
California Public Employees Retirement System
28
California Public Employees Retirement System
California
$1.85M -$116K -7,400 -6%
RA
29
Royce & Associates
New York
$1.51M -$2.13M -136,100 -58%
Legal & General Group
30
Legal & General Group
United Kingdom
$1.48M +$323K +20,620 +27%
Citigroup
31
Citigroup
New York
$1.45M -$580K -37,021 -28%
GF
32
Gabelli Funds
New York
$1.37M +$44.5K +2,842 +3%
Two Sigma Advisers
33
Two Sigma Advisers
New York
$1.25M +$160K +10,201 +14%
Wells Fargo
34
Wells Fargo
California
$1.2M +$146K +9,356 +13%
CFA
35
Carroll Financial Associates
North Carolina
$1.18M -$71K -4,533 -5%
PP
36
Paloma Partners
Connecticut
$1.11M – – –
Royal Bank of Canada
37
Royal Bank of Canada
Ontario, Canada
$1.05M +$97.4K +6,222 +10%
SAM
38
Selway Asset Management
$1.03M – – –
CHAM
39
Clear Harbor Asset Management
Connecticut
$924K -$9.9M -632,241 -91%
LTFS
40
Ladenburg Thalmann Financial Services
Florida
$900K -$91.1K -5,821 -9%
Hotchkis & Wiley Capital Management
41
Hotchkis & Wiley Capital Management
California
$705K +$87.3K +5,577 +14%
QOP
42
Quinn Opportunity Partners
Virginia
$699K +$727K +46,415 New
ICAS
43
Investors Capital Advisory Services
Massachusetts
$669K -$158K -10,060 -18%
State Street
44
State Street
Massachusetts
$612K – – –
CAN
45
Cetera Advisor Networks
California
$610K -$24K -1,533 -4%
GCP
46
GSA Capital Partners
United Kingdom
$599K +$623K +39,807 New
Cambridge Investment Research Advisors
47
Cambridge Investment Research Advisors
Iowa
$596K +$7.77K +496 +1%
MNA
48
Manning & Napier Advisors
New York
$555K – – –
IG
49
ING Group
Netherlands
$552K +$574K +36,667 New
First Eagle Investment Management
50
First Eagle Investment Management
New York
$547K – – –
1
2
3 4 5

OCSL Hedge Fund Activity: Q1 2016 in Review

135 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Oaktree Specialty Lending (OCSL) for Q1 2016, worth a combined $246M — down 36% from $386M a quarter earlier.

Fund positioning in OCSL was balanced in Q1 2016: 25 funds opened new positions, 25 closed out, 29 added to existing stakes and 53 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $9.04M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $51.2M sold.

  • 135 institutional investors held Oaktree Specialty Lending (OCSL) as of Q1 2016, down from 138 in Q4 2015.
  • Funds reported $246M of Oaktree Specialty Lending stock for Q1 2016, down 36% quarter-over-quarter.
  • 25 funds opened new Oaktree Specialty Lending positions in Q1 2016 and 25 closed out, a net change of 0 holders.
  • The largest Oaktree Specialty Lending buyer in Q1 2016 was Goldman Sachs, an estimated $9.04M added.
  • The largest Oaktree Specialty Lending seller in Q1 2016 was Rivernorth Capital Management, an estimated $51.2M sold.

Based on aggregated 13F filings for Q1 2016.