Prospect Capital
PSEC
206 hedge funds and large institutions have $346M invested in Prospect Capital in 2015 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 86 increasing their positions, 57 reducing their positions, and 31 closing their positions.
51% more repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 57
5% less capital invested
Capital invested by funds: $364M → $346M (-$18.1M)
6% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 31
1% less funds holding
Funds holding: 209 → 206 (-3)
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
73% less call options, than puts
Call options by funds: $3.34M | Put options by funds: $12.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$16.7M |
| 2 |
Two Sigma Investments
New York
|
+$8.5M |
| 3 |
LPL Financial
San Diego,
California
|
+$2.27M |
| 4 |
Millennium Management
New York
|
+$2.11M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$1.94M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$17M |
| 2 |
SCM
Scopia Capital Management
New York
|
-$15.7M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$8.92M |
| 4 |
PAM
PVG Asset Management
Golden,
Colorado
|
-$4.39M |
| 5 |
HSBC Holdings
London,
United Kingdom
|
-$3M |
PSEC Hedge Fund Activity: Q4 2015 in Review
206 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Prospect Capital (PSEC) for Q4 2015, worth a combined $346M — down 5% from $364M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of PSEC and 29 opened new positions — a net loss of 2 holders — while 57 trimmed existing stakes and 86 added.
The largest buyer was Bank of Montreal, adding an estimated $16.7M. The largest seller was UBS Group, cutting an estimated $17M.
- 206 institutional investors held Prospect Capital (PSEC) as of Q4 2015, down from 209 in Q3 2015.
- Funds reported $346M of Prospect Capital stock for Q4 2015, down 5% quarter-over-quarter.
- 29 funds opened new Prospect Capital positions in Q4 2015 and 31 closed out, a net change of -2 holders.
- The largest Prospect Capital buyer in Q4 2015 was Bank of Montreal, an estimated $16.7M added.
- The largest Prospect Capital seller in Q4 2015 was UBS Group, an estimated $17M sold.
Based on aggregated 13F filings for Q4 2015.