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Oaktree Specialty Lending

145 hedge funds and large institutions have $387M invested in Oaktree Specialty Lending in 2015 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 47 increasing their positions, 50 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more call options, than puts

Call options by funds: $669K | Put options by funds: $536K

1.96% more ownership

Funds ownership: 22.4%24.36% (+2%)

1% less capital invested

Capital invested by funds: $389M → $387M (-$2.52M)

6% less repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 50

4% less funds holding

Funds holding: 151145 (-6)

16% less first-time investments, than exits

New positions opened: 27 | Existing positions closed: 32

29% less funds holding in top 10

Funds holding in top 10: 75 (-2)

Holders
145
Holders Change
-6
Holders Change %
-3.97%
% of All Funds
3.86%
Holding in Top 10
5
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-28.57%
% of All Funds
0.13%
New
27
Increased
47
Reduced
50
Closed
32
Calls
$669K
Puts
$536K
Net Calls
+$133K
Net Calls Change
+$824K
Name Holding Trade Value Shares
Change
Change in
Stake
DFG
1
Delphi Financial Group
Delaware
$33.1M
Citadel Advisors
2
Citadel Advisors
Florida
$24.7M +$4.82M +214,846 +24%
Deutsche Bank
3
Deutsche Bank
Germany
$24M +$9.04M +402,713 +58%
Bank of Montreal
4
Bank of Montreal
Ontario, Canada
$21.3M +$21.6M +961,917 +10,590%
AAM
5
Advisors Asset Management
Colorado
$19.5M +$1.23M +54,895 +7%
Fuller & Thaler Asset Management
6
Fuller & Thaler Asset Management
California
$19.4M +$3.34M +148,731 +20%
ACM
7
Advisors Capital Management
New Jersey
$17M +$3.01M +134,155 +21%
Bank of America
8
Bank of America
North Carolina
$16.7M +$7.88M +351,279 +86%
LCP
9
Lombardia Capital Partners
California
$15M -$570K -25,388 -4%
UBS Group
10
UBS Group
Switzerland
$13M -$11.3M -504,468 -46%
Boston Partners
11
Boston Partners
Massachusetts
$10.8M -$411K -18,298 -4%
CHA
12
Cedar Hill Associates
Illinois
$9.58M +$1.02M +45,283 +12%
PAM
13
PVG Asset Management
Colorado
$7.77M -$4.63M -206,452 -37%
SP
14
Steelhead Partners
Washington
$7.48M +$6.87M +306,237 +867%
MC
15
Muzinich & Co
New York
$7.26M +$344K +15,351 +5%
Citigroup
16
Citigroup
New York
$6.87M +$3.99M +177,630 +131%
Millennium Management
17
Millennium Management
New York
$6.82M -$7.2M -320,970 -51%
RCM
18
Rivernorth Capital Management
Florida
$6.51M +$6.67M +297,460 New
MP
19
Mangrove Partners
Connecticut
$6.11M +$6.26M +279,194 New
BG
20
BlackRock Group
United Kingdom
$5.86M +$1.06M +47,363 +21%
CS
21
Credit Suisse
Switzerland
$5.75M +$1.57M +69,846 +36%
SAM
22
Selway Asset Management
$4.98M -$376K -16,772 -7%
Invesco
23
Invesco
Georgia
$4.89M -$504K -22,474 -9%
CHAM
24
Clear Harbor Asset Management
Connecticut
$4.84M +$1.94M +86,254 +64%
Morgan Stanley
25
Morgan Stanley
New York
$4.69M -$6.79M -302,378 -59%

OCSL Hedge Fund Activity: Q1 2015 in Review

145 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Oaktree Specialty Lending (OCSL) for Q1 2015, worth a combined $387M — down 0.65% from $389M a quarter earlier.

Sellers outnumbered buyers: 32 funds closed out of OCSL and 27 opened new positions — a net loss of 5 holders — while 50 trimmed existing stakes and 47 added.

The largest buyer was Bank of Montreal, adding an estimated $21.6M. The largest seller was UBS Group, cutting an estimated $11.3M.

  • 145 institutional investors held Oaktree Specialty Lending (OCSL) as of Q1 2015, down from 151 in Q4 2014.
  • Funds reported $387M of Oaktree Specialty Lending stock for Q1 2015, down 0.65% quarter-over-quarter.
  • 27 funds opened new Oaktree Specialty Lending positions in Q1 2015 and 32 closed out, a net change of -5 holders.
  • The largest Oaktree Specialty Lending buyer in Q1 2015 was Bank of Montreal, an estimated $21.6M added.
  • The largest Oaktree Specialty Lending seller in Q1 2015 was UBS Group, an estimated $11.3M sold.

Based on aggregated 13F filings for Q1 2015.