Prospect Capital
PSEC
235 hedge funds and large institutions have $993M invested in Prospect Capital in 2013 Q4 according to their latest regulatory filings, with 38 funds opening new positions, 122 increasing their positions, 53 reducing their positions, and 20 closing their positions.
130% more repeat investments, than reductions
Existing positions increased: 122 | Existing positions reduced: 53
90% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 20
16% more capital invested
Capital invested by funds: $853M → $993M (+$140M)
7% more funds holding
Funds holding: 219 → 235 (+16)
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
50% less call options, than puts
Call options by funds: $1.26M | Put options by funds: $2.52M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DFG
Delphi Financial Group
Wilmington,
Delaware
|
+$24.6M |
| 2 |
CNB
City National Bank
Beverly Hills,
California
|
+$20.2M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$17.6M |
| 4 |
Two Sigma Investments
New York
|
+$12.3M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$10.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KeyBank National Association
Cleveland,
Ohio
|
-$8.87M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$3.61M |
| 3 |
CIBC World Market
Toronto,
Ontario, Canada
|
-$2.97M |
| 4 |
PFC
Phocas Financial Corp
Alameda,
California
|
-$2.77M |
| 5 |
MPM
Meritage Portfolio Management
Overland Park,
Kansas
|
-$2.64M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PWP
251
Private Wealth Partners
Mill Valley,
California
| – | -$112K | -10,000 | Closed |
|
|
WA
252
Waverly Advisors
Birmingham,
Alabama
| – | -$50K | -4,475 | Closed |
|
|
FI
253
FCM Investments
Dallas,
Texas
| – | -$30K | -2,722 | Closed |
|
254
Jones Financial Companies
Des Peres,
Missouri
| – | -$23K | -2,084 | Closed |
|
|
GGPS
255
Gary Goldberg Planning Services
Suffern,
New York
| – | -$2K | -200 | Closed |
|
PSEC Hedge Fund Activity: Q4 2013 in Review
235 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Prospect Capital (PSEC) for Q4 2013, worth a combined $993M — up 16% from $853M a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new PSEC positions and 20 closed out — a net gain of 18 holders — while 122 added to existing stakes and 53 trimmed.
The largest buyer was Delphi Financial Group, adding an estimated $24.6M. The largest seller was KeyBank National Association, cutting an estimated $8.87M.
- 235 institutional investors held Prospect Capital (PSEC) as of Q4 2013, up from 219 in Q3 2013.
- Funds reported $993M of Prospect Capital stock for Q4 2013, up 16% quarter-over-quarter.
- 38 funds opened new Prospect Capital positions in Q4 2013 and 20 closed out, a net change of +18 holders.
- The largest Prospect Capital buyer in Q4 2013 was Delphi Financial Group, an estimated $24.6M added.
- The largest Prospect Capital seller in Q4 2013 was KeyBank National Association, an estimated $8.87M sold.
Based on aggregated 13F filings for Q4 2013.