Octave Specialty Group
OSG
130 hedge funds and large institutions have $448M invested in Octave Specialty Group in 2020 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 41 increasing their positions, 48 reducing their positions, and 21 closing their positions.
181% more call options, than puts
Call options by funds: $3.62M | Put options by funds: $1.29M
60% more funds holding in top 10
Funds holding in top 10: 5 → 8 (+3)
1.03% less ownership
Funds ownership: 80.49% → 79.46% (-1%)
4% less funds holding
Funds holding: 136 → 130 (-6)
15% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 48
19% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 21
43% less capital invested
Capital invested by funds: $791M → $448M (-$343M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MFS
Mirabella Financial Services
London,
United Kingdom
|
+$10.9M |
| 2 |
JAM
Jacobs Asset Management
New York
|
+$8.89M |
| 3 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
+$8.36M |
| 4 |
Nomura Holdings
Tokyo,
Japan
|
+$6.07M |
| 5 |
WSL
Western Standard LLC
Los Angeles,
California
|
+$4.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CU
CQS (US)
New York
|
-$12.6M |
| 2 |
RCM
Raging Capital Management
Rocky Hill,
New Jersey
|
-$12.1M |
| 3 |
Citigroup
New York
|
-$11.5M |
| 4 |
GJL
Gendell Jeffrey L
|
-$5.93M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$5.26M |
OSG Hedge Fund Activity: Q1 2020 in Review
130 of the 4,546 institutional investors tracked by Wall St. Rank reported a position in Octave Specialty Group (OSG) for Q1 2020, worth a combined $448M — down 43% from $791M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of OSG and 17 opened new positions — a net loss of 4 holders — while 48 trimmed existing stakes and 41 added.
The largest buyer was Mirabella Financial Services, opening a new position worth an estimated $10.9M. The largest seller was CQS (US), cutting an estimated $12.6M.
- 130 institutional investors held Octave Specialty Group (OSG) as of Q1 2020, down from 136 in Q4 2019.
- Funds reported $448M of Octave Specialty Group stock for Q1 2020, down 43% quarter-over-quarter.
- 17 funds opened new Octave Specialty Group positions in Q1 2020 and 21 closed out, a net change of -4 holders.
- The largest Octave Specialty Group buyer in Q1 2020 was Mirabella Financial Services, an estimated $10.9M added.
- The largest Octave Specialty Group seller in Q1 2020 was CQS (US), an estimated $12.6M sold.
Based on aggregated 13F filings for Q1 2020.