Oaktree Specialty Lending
OCSL
131 hedge funds and large institutions have $238M invested in Oaktree Specialty Lending in 2020 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 50 increasing their positions, 41 reducing their positions, and 36 closing their positions.
22% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 41
0.51% less ownership
Funds ownership: 17.87% → 17.36% (-0.51%)
12% less funds holding
Funds holding: 149 → 131 (-18)
38% less funds holding in top 10
Funds holding in top 10: 8 → 5 (-3)
42% less capital invested
Capital invested by funds: $413M → $238M (-$175M)
44% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 36
62% less call options, than puts
Call options by funds: $65K | Put options by funds: $173K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$9.43M |
| 2 |
ECM
Evergreen Capital Management
Bellevue,
Washington
|
+$6.18M |
| 3 |
TG
TCW Group
Los Angeles,
California
|
+$6.05M |
| 4 |
Millennium Management
New York
|
+$5.6M |
| 5 |
AM
Ares Management
Los Angeles,
California
|
+$4.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Hilton Capital Management
Garden City,
New York
|
-$30.5M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$9M |
| 3 |
SCM
Shoals Capital Management
Arlington,
Virginia
|
-$8.22M |
| 4 |
SCM
Springhouse Capital Management
Westport,
Connecticut
|
-$7.95M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$5.68M |
OCSL Hedge Fund Activity: Q1 2020 in Review
131 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Oaktree Specialty Lending (OCSL) for Q1 2020, worth a combined $238M — down 42% from $413M a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of OCSL and 20 opened new positions — a net loss of 16 holders — while 41 trimmed existing stakes and 50 added.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $9.43M. The largest seller was Hilton Capital Management, exiting entirely with an estimated $30.5M sold.
- 131 institutional investors held Oaktree Specialty Lending (OCSL) as of Q1 2020, down from 149 in Q4 2019.
- Funds reported $238M of Oaktree Specialty Lending stock for Q1 2020, down 42% quarter-over-quarter.
- 20 funds opened new Oaktree Specialty Lending positions in Q1 2020 and 36 closed out, a net change of -16 holders.
- The largest Oaktree Specialty Lending buyer in Q1 2020 was Rivernorth Capital Management, an estimated $9.43M added.
- The largest Oaktree Specialty Lending seller in Q1 2020 was Hilton Capital Management, an estimated $30.5M sold.
Based on aggregated 13F filings for Q1 2020.