Prospect Capital
PSEC
254 hedge funds and large institutions have $908M invested in Prospect Capital in 2014 Q1 according to their latest regulatory filings, with 49 funds opening new positions, 107 increasing their positions, 70 reducing their positions, and 25 closing their positions.
96% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 25
53% more repeat investments, than reductions
Existing positions increased: 107 | Existing positions reduced: 70
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
8% more funds holding
Funds holding: 235 → 254 (+19)
9% less capital invested
Capital invested by funds: $993M → $908M (-$85.5M)
76% less call options, than puts
Call options by funds: $825K | Put options by funds: $3.47M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
+$36.7M |
| 2 |
Two Sigma Advisers
New York
|
+$35.2M |
| 3 |
CNB
City National Bank
Beverly Hills,
California
|
+$20.3M |
| 4 |
U
UBS
Zurich,
Switzerland
|
+$10.6M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$5.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$84.2M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$34.6M |
| 3 |
Principal Financial Group
Des Moines,
Iowa
|
-$18.3M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$12.5M |
| 5 |
Bank of New York Mellon
New York
|
-$11.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PMFA
276
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$31K | -2,789 | Closed |
|
277
Daiwa Securities Group
Tokyo,
Japan
| – | -$20K | -2,000 | Closed |
|
|
PCM
278
Prelude Capital Management
New York
| – | -$13K | -1,130 | Closed |
|
|
PIA
279
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$1.93K | -172 | Closed |
|
PSEC Hedge Fund Activity: Q1 2014 in Review
254 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Prospect Capital (PSEC) for Q1 2014, worth a combined $908M — down 8.6% from $993M a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new PSEC positions and 25 closed out — a net gain of 24 holders — while 107 added to existing stakes and 70 trimmed.
The largest buyer was Two Sigma Investments, adding an estimated $36.7M. The largest seller was BlackRock Fund Advisors, cutting an estimated $84.2M.
- 254 institutional investors held Prospect Capital (PSEC) as of Q1 2014, up from 235 in Q4 2013.
- Funds reported $908M of Prospect Capital stock for Q1 2014, down 8.6% quarter-over-quarter.
- 49 funds opened new Prospect Capital positions in Q1 2014 and 25 closed out, a net change of +24 holders.
- The largest Prospect Capital buyer in Q1 2014 was Two Sigma Investments, an estimated $36.7M added.
- The largest Prospect Capital seller in Q1 2014 was BlackRock Fund Advisors, an estimated $84.2M sold.
Based on aggregated 13F filings for Q1 2014.