Oaktree Specialty Lending
OCSL
119 hedge funds and large institutions have $270M invested in Oaktree Specialty Lending in 2017 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 20 increasing their positions, 58 reducing their positions, and 29 closing their positions.
223% more call options, than puts
Call options by funds: $3.07M | Put options by funds: $951K
20% more capital invested
Capital invested by funds: $224M → $270M (+$45.9M)
0.77% more ownership
Funds ownership: 10.92% → 11.69% (+0.77%)
8% less funds holding
Funds holding: 129 → 119 (-10)
28% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 29
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
66% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 58
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SM
Senvest Management
New York
|
+$32.7M |
| 2 |
SCM
Springhouse Capital Management
Westport,
Connecticut
|
+$16.1M |
| 3 |
HCM
Hilton Capital Management
Garden City,
New York
|
+$13.2M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$6.2M |
| 5 |
LSV Asset Management
Chicago,
Illinois
|
+$2.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DFG
Delphi Financial Group
Wilmington,
Delaware
|
-$11.1M |
| 2 |
PAM
PVG Asset Management
Golden,
Colorado
|
-$6.93M |
| 3 |
MC
Muzinich & Co
New York
|
-$6.37M |
| 4 |
MVP
Miller Value Partners
Sarasota,
Florida
|
-$3.4M |
| 5 |
AM
Ares Management
Los Angeles,
California
|
-$2.65M |
OCSL Hedge Fund Activity: Q3 2017 in Review
119 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Oaktree Specialty Lending (OCSL) for Q3 2017, worth a combined $270M — up 20% from $224M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of OCSL and 21 opened new positions — a net loss of 8 holders — while 58 trimmed existing stakes and 20 added.
The largest buyer was Senvest Management, opening a new position worth an estimated $32.7M. The largest seller was Delphi Financial Group, exiting entirely with an estimated $11.1M sold.
- 119 institutional investors held Oaktree Specialty Lending (OCSL) as of Q3 2017, down from 129 in Q2 2017.
- Funds reported $270M of Oaktree Specialty Lending stock for Q3 2017, up 20% quarter-over-quarter.
- 21 funds opened new Oaktree Specialty Lending positions in Q3 2017 and 29 closed out, a net change of -8 holders.
- The largest Oaktree Specialty Lending buyer in Q3 2017 was Senvest Management, an estimated $32.7M added.
- The largest Oaktree Specialty Lending seller in Q3 2017 was Delphi Financial Group, an estimated $11.1M sold.
Based on aggregated 13F filings for Q3 2017.