Prospect Capital
PSEC
227 hedge funds and large institutions have $623M invested in Prospect Capital in 2014 Q2 according to their latest regulatory filings, with 46 funds opening new positions, 106 increasing their positions, 48 reducing their positions, and 73 closing their positions.
121% more repeat investments, than reductions
Existing positions increased: 106 | Existing positions reduced: 48
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
11% less funds holding
Funds holding: 254 → 227 (-27)
31% less capital invested
Capital invested by funds: $908M → $623M (-$285M)
37% less first-time investments, than exits
New positions opened: 46 | Existing positions closed: 73
71% less call options, than puts
Call options by funds: $3.63M | Put options by funds: $12.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
+$17M |
| 2 |
Morgan Stanley
New York
|
+$15.5M |
| 3 |
PP
Paloma Partners
Greenwich,
Connecticut
|
+$13.2M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$9.73M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$9.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$83.8M |
| 2 |
State Street
Boston,
Massachusetts
|
-$52.9M |
| 3 |
Two Sigma Investments
New York
|
-$47.7M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$38.7M |
| 5 |
Two Sigma Advisers
New York
|
-$32.2M |
PSEC Hedge Fund Activity: Q2 2014 in Review
227 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Prospect Capital (PSEC) for Q2 2014, worth a combined $623M — down 31% from $908M a quarter earlier.
Sellers outnumbered buyers: 73 funds closed out of PSEC and 46 opened new positions — a net loss of 27 holders — while 48 trimmed existing stakes and 106 added.
The largest buyer was UBS, adding an estimated $17M. The largest seller was BlackRock Fund Advisors, exiting entirely with an estimated $83.8M sold.
- 227 institutional investors held Prospect Capital (PSEC) as of Q2 2014, down from 254 in Q1 2014.
- Funds reported $623M of Prospect Capital stock for Q2 2014, down 31% quarter-over-quarter.
- 46 funds opened new Prospect Capital positions in Q2 2014 and 73 closed out, a net change of -27 holders.
- The largest Prospect Capital buyer in Q2 2014 was UBS, an estimated $17M added.
- The largest Prospect Capital seller in Q2 2014 was BlackRock Fund Advisors, an estimated $83.8M sold.
Based on aggregated 13F filings for Q2 2014.