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Oaktree Specialty Lending

139 hedge funds and large institutions have $293M invested in Oaktree Specialty Lending in 2017 Q4 according to their latest regulatory filings, with 51 funds opening new positions, 42 increasing their positions, 29 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

76% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 29

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

45% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 29

17% more funds holding

Funds holding: 119139 (+20)

8% more capital invested

Capital invested by funds: $270M → $293M (+$22.5M)

2.48% more ownership

Funds ownership: 11.69%14.16% (+2.5%)

12% less call options, than puts

Call options by funds: $639K | Put options by funds: $729K

Holders
139
Holders Change
+20
Holders Change %
+16.81%
% of All Funds
3.15%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
51
Increased
42
Reduced
29
Closed
29
Calls
$639K
Puts
$729K
Net Calls
-$90K
Net Calls Change
-$2.21M
Name Holding Trade Value Shares
Change
Change in
Stake
SCM
1
Springhouse Capital Management
Connecticut
$38.6M +$4.57M +285,285 +12%
RRAM
2
River Road Asset Management
Kentucky
$31.1M +$33.4M +2,086,424 +5,734%
Fuller & Thaler Asset Management
3
Fuller & Thaler Asset Management
California
$20.9M -$95.7K -5,975 -0.4%
MC
4
Muzinich & Co
New York
$16.7M -$11.6M -723,440 -39%
Citadel Advisors
5
Citadel Advisors
Florida
$14.1M +$1.85M +115,557 +14%
HCM
6
Hilton Capital Management
New York
$13.1M +$1.12M +70,070 +8%
Bank of Montreal
7
Bank of Montreal
Ontario, Canada
$9.28M
SM
8
Senvest Management
New York
$8.65M -$23.4M -1,462,016 -71%
LSV Asset Management
9
LSV Asset Management
Illinois
$8.44M +$533K +33,273 +6%
AM
10
Ares Management
California
$7.5M -$648K -40,467 -7%
CS
11
Credit Suisse
Switzerland
$6.85M +$7.12M +444,708 +2,021%
PGH
12
Partners Group Holding
Switzerland
$6.85M +$7.12M +444,708 +2,021%
KCM
13
Kennedy Capital Management
Missouri
$6.19M +$1.76M +110,218 +35%
UBS Group
14
UBS Group
Switzerland
$5.65M -$1.41M -87,768 -19%
Morgan Stanley
15
Morgan Stanley
New York
$5.48M +$353K +22,038 +6%
GIM
16
Greenwich Investment Management
Connecticut
$4.67M +$41K +2,561 +0.8%
CHAM
17
Clear Harbor Asset Management
Connecticut
$4.08M +$3.08M +192,476 +225%
VanEck Associates
18
VanEck Associates
New York
$4M -$271K -16,913 -6%
BlackRock
19
BlackRock
New York
$3.83M +$360K +22,493 +9%
GC
20
Guggenheim Capital
Illinois
$3.82M -$239K -14,945 -5%
Millennium Management
21
Millennium Management
New York
$3.81M +$4.16M +260,057 New
Two Sigma Investments
22
Two Sigma Investments
New York
$3.59M +$3.8M +237,014 +3,194%
RJA
23
Raymond James & Associates
Florida
$3.03M +$2.91M +181,433 +721%
JVBC
24
J.V. Bruni & Co
Colorado
$2.97M +$3.25M +202,737 New
HHC
25
Hutchin Hill Capital
New York
$2.86M +$3.12M +195,036 New

OCSL Hedge Fund Activity: Q4 2017 in Review

139 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Oaktree Specialty Lending (OCSL) for Q4 2017, worth a combined $293M — up 8.3% from $270M a quarter earlier.

Buyers outnumbered sellers: 51 funds opened new OCSL positions and 29 closed out — a net gain of 22 holders — while 42 added to existing stakes and 29 trimmed.

The largest buyer was River Road Asset Management, adding an estimated $33.4M. The largest seller was Senvest Management, cutting an estimated $23.4M.

  • 139 institutional investors held Oaktree Specialty Lending (OCSL) as of Q4 2017, up from 119 in Q3 2017.
  • Funds reported $293M of Oaktree Specialty Lending stock for Q4 2017, up 8.3% quarter-over-quarter.
  • 51 funds opened new Oaktree Specialty Lending positions in Q4 2017 and 29 closed out, a net change of +22 holders.
  • The largest Oaktree Specialty Lending buyer in Q4 2017 was River Road Asset Management, an estimated $33.4M added.
  • The largest Oaktree Specialty Lending seller in Q4 2017 was Senvest Management, an estimated $23.4M sold.

Based on aggregated 13F filings for Q4 2017.