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Oaktree Specialty Lending

187 hedge funds and large institutions have $498M invested in Oaktree Specialty Lending in 2013 Q4 according to their latest regulatory filings, with 35 funds opening new positions, 72 increasing their positions, 53 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more funds holding in top 10

Funds holding in top 10: 35 (+2)

46% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 24

36% more repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 53

5% more funds holding

Funds holding: 178187 (+9)

1.5% more ownership

Funds ownership: 23.34%24.84% (+1.5%)

4% less capital invested

Capital invested by funds: $520M → $498M (-$22M)

85% less call options, than puts

Call options by funds: $335K | Put options by funds: $2.19M

Holders
187
Holders Change
+9
Holders Change %
+5.06%
% of All Funds
5.43%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.15%
New
35
Increased
72
Reduced
53
Closed
24
Calls
$335K
Puts
$2.19M
Net Calls
-$1.85M
Net Calls Change
-$519K
Name Holding Trade Value Shares
Change
Change in
Stake
BFA
1
BlackRock Fund Advisors
California
$31.7M -$1.29M -43,531 -4%
BC
2
Balestra Capital
New York
$29.7M +$31.6M +1,069,147 New
U
3
UBS
Switzerland
$25.4M +$5.23M +176,848 +24%
Citadel Advisors
4
Citadel Advisors
Florida
$24.3M +$4.86M +164,325 +23%
State Street
5
State Street
Massachusetts
$22.9M +$1.32M +44,516 +6%
Northern Trust
6
Northern Trust
Illinois
$19M +$2.58M +87,105 +15%
GC
7
Greenlight Capital
New York
$18.5M
CHA
8
Cedar Hill Associates
Illinois
$15.8M -$199K -6,733 -1%
BIT
9
BlackRock Institutional Trust
California
$15.6M -$592K -20,021 -3%
LCP
10
Lombardia Capital Partners
California
$15.4M -$3.26M -110,215 -17%
Vanguard Group
11
Vanguard Group
Pennsylvania
$14.9M +$1.24M +41,936 +8%
AAM
12
Advisors Asset Management
Colorado
$14.3M -$2.48M -83,952 -14%
Fuller & Thaler Asset Management
13
Fuller & Thaler Asset Management
California
$13.7M +$6.94M +234,666 +91%
Two Sigma Investments
14
Two Sigma Investments
New York
$12.2M +$8.79M +297,232 +207%
Boston Partners
15
Boston Partners
Massachusetts
$12.1M -$313K -10,571 -2%
Morgan Stanley
16
Morgan Stanley
New York
$11.7M -$3.01M -101,700 -19%
Loomis, Sayles & Company
17
Loomis, Sayles & Company
Massachusetts
$11.1M -$4.26M -144,001 -27%
YMRC
18
Yorktown Management & Research Company
Virginia
$10.9M
Invesco
19
Invesco
Georgia
$8.08M -$597K -20,186 -6%
ACM
20
Advisors Capital Management
New Jersey
$7.49M -$1.59M -53,612 -17%
BG
21
BlackRock Group
United Kingdom
$7.3M +$255K +8,608 +3%
TCIM
22
TIAA CREF Investment Management
New York
$5.88M +$551K +18,616 +10%
SAM
23
Selway Asset Management
$5.85M +$2.31M +78,150 +59%
Millennium Management
24
Millennium Management
New York
$5.48M +$1.56M +52,718 +36%
Bank of New York Mellon
25
Bank of New York Mellon
New York
$5.45M +$159K +5,381 +3%

OCSL Hedge Fund Activity: Q4 2013 in Review

187 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Oaktree Specialty Lending (OCSL) for Q4 2013, worth a combined $498M — down 4.2% from $520M a quarter earlier.

Buyers outnumbered sellers: 35 funds opened new OCSL positions and 24 closed out — a net gain of 11 holders — while 72 added to existing stakes and 53 trimmed.

The largest buyer was Balestra Capital, opening a new position worth an estimated $31.6M. The largest seller was Opus Capital Group, cutting an estimated $8.88M.

  • 187 institutional investors held Oaktree Specialty Lending (OCSL) as of Q4 2013, up from 178 in Q3 2013.
  • Funds reported $498M of Oaktree Specialty Lending stock for Q4 2013, down 4.2% quarter-over-quarter.
  • 35 funds opened new Oaktree Specialty Lending positions in Q4 2013 and 24 closed out, a net change of +11 holders.
  • The largest Oaktree Specialty Lending buyer in Q4 2013 was Balestra Capital, an estimated $31.6M added.
  • The largest Oaktree Specialty Lending seller in Q4 2013 was Opus Capital Group, an estimated $8.88M sold.

Based on aggregated 13F filings for Q4 2013.