Oaktree Specialty Lending
OCSL
161 hedge funds and large institutions have $484M invested in Oaktree Specialty Lending in 2014 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 66 increasing their positions, 41 reducing their positions, and 49 closing their positions.
189% more call options, than puts
Call options by funds: $1.98M | Put options by funds: $685K
61% more repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 41
29% more funds holding in top 10
Funds holding in top 10: 7 → 9 (+2)
3% less capital invested
Capital invested by funds: $496M → $484M (-$12.6M)
1.51% less ownership
Funds ownership: 24.23% → 22.72% (-1.5%)
12% less funds holding
Funds holding: 182 → 161 (-21)
43% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 49
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DFG
Delphi Financial Group
Wilmington,
Delaware
|
+$16.8M |
| 2 |
Norges Bank
Oslo,
Norway
|
+$10.8M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$6.37M |
| 4 |
PP
Paloma Partners
Greenwich,
Connecticut
|
+$5.54M |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$4.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$32.2M |
| 2 |
State Street
Boston,
Massachusetts
|
-$21.3M |
| 3 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$15.9M |
| 4 |
BC
Balestra Capital
New York
|
-$12.5M |
| 5 |
TCIM
TIAA CREF Investment Management
New York
|
-$5.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
201
Canada Life
Winnipeg,
Manitoba, Canada
| – | -$69K | -2,459 | Closed |
|
202
Teacher Retirement System of Texas
Austin,
Texas
| – | -$49K | -1,713 | Closed |
|
203
BlackRock
New York
| – | -$35K | -1,249 | Closed |
|
|
TI
204
Turner Investments
Berwyn,
Pennsylvania
| – | -$21K | -733 | Closed |
|
|
BAM
205
Barrett Asset Management
New York
| – | -$14K | -500 | Closed |
|
|
S
206
SignatureFD
Atlanta,
Georgia
| – | -$7K | -231 | Closed |
|
207
M&T Bank
Buffalo,
New York
| – | -$6K | -220 | Closed |
|
|
ACM
208
Antonetti Capital Management
Naples,
Florida
| – | -$1K | -25 | Closed |
|
209
BNP Paribas Financial Markets
Paris,
France
| – | -$531 | -19 | Closed |
|
OCSL Hedge Fund Activity: Q2 2014 in Review
161 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Oaktree Specialty Lending (OCSL) for Q2 2014, worth a combined $484M — down 2.5% from $496M a quarter earlier.
Sellers outnumbered buyers: 49 funds closed out of OCSL and 28 opened new positions — a net loss of 21 holders — while 41 trimmed existing stakes and 66 added.
The largest buyer was Delphi Financial Group, adding an estimated $16.8M. The largest seller was BlackRock Fund Advisors, exiting entirely with an estimated $32.2M sold.
- 161 institutional investors held Oaktree Specialty Lending (OCSL) as of Q2 2014, down from 182 in Q1 2014.
- Funds reported $484M of Oaktree Specialty Lending stock for Q2 2014, down 2.5% quarter-over-quarter.
- 28 funds opened new Oaktree Specialty Lending positions in Q2 2014 and 49 closed out, a net change of -21 holders.
- The largest Oaktree Specialty Lending buyer in Q2 2014 was Delphi Financial Group, an estimated $16.8M added.
- The largest Oaktree Specialty Lending seller in Q2 2014 was BlackRock Fund Advisors, an estimated $32.2M sold.
Based on aggregated 13F filings for Q2 2014.