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Prospect Capital
PSEC

221 hedge funds and large institutions have $350M invested in Prospect Capital in 2019 Q4 according to their latest regulatory filings, with 39 funds opening new positions, 77 increasing their positions, 64 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

63% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 24

20% more repeat investments, than reductions

Existing positions increased: 77 | Existing positions reduced: 64

14% more capital invested

Capital invested by funds: $306M → $350M (+$43.5M)

7% more funds holding

Funds holding: 207 → 221 (+14)

2.14% more ownership

Funds ownership: 12.66% → 14.8% (+2.1%)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

89% less call options, than puts

Call options by funds: $1.95M | Put options by funds: $17M

Holders
221
Holders Change
+14
Holders Change %
+6.76%
% of All Funds
4.35%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.06%
New
39
Increased
77
Reduced
64
Closed
24
Calls
$1.95M
Puts
$17M
Net Calls
-$15.1M
Net Calls Change
+$1.3M

Top Buyers

Rank Fund Capital Flow
1
IAA
Independent Advisor Alliance
North Carolina
+$10.7M
2
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$10.6M
3
Man Group
Man Group
United Kingdom
+$10.1M
4
Invesco
Invesco
Georgia
+$9.87M
5
Two Sigma Investments
Two Sigma Investments
New York
+$8.63M

Top Sellers

Rank Fund Capital Flow
1
Allianz Asset Management
Allianz Asset Management
Germany
-$5.26M
2
Morgan Stanley
Morgan Stanley
New York
-$4.11M
3
Deutsche Bank
Deutsche Bank
Germany
-$3.54M
4
UBS Group
UBS Group
Switzerland
-$3M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$2.84M
Name Holding Trade Value Shares
Change 		Change in
Stake
NAM
26
Nissay Asset Management
Japan
$2.63M – – –
AG
27
Advisor Group
Arizona
$2.61M +$253K +38,861 +11%
LTFS
28
Ladenburg Thalmann Financial Services
Florida
$2.35M +$67.7K +10,390 +3%
US Bancorp
29
US Bancorp
Minnesota
$2.02M +$3.53K +542 +0.2%
Citadel Advisors
30
Citadel Advisors
Florida
$1.96M +$1.72M +263,753 +643%
JP Morgan Chase
31
JP Morgan Chase
New York
$1.93M +$1.68M +258,482 +635%
Cambridge Investment Research Advisors
32
Cambridge Investment Research Advisors
Iowa
$1.81M -$104K -16,033 -5%
Victory Capital Management
33
Victory Capital Management
Texas
$1.66M +$5.57K +855 +0.3%
MIAN
34
Mariner Independent Advisor Network
Kansas
$1.64M +$106K +16,239 +7%
DC
35
Davenport & Co
Virginia
$1.49M +$479K +73,506 +47%
RJFSA
36
Raymond James Financial Services Advisors
Florida
$1.46M -$489 -75 -0%
HighTower Advisors
37
HighTower Advisors
Illinois
$1.31M +$189K +28,948 +17%
D.E. Shaw & Co
38
D.E. Shaw & Co
New York
$1.29M +$1.08M +165,051 +473%
GC
39
Guggenheim Capital
Illinois
$1.28M -$394K -60,525 -23%
Balyasny Asset Management
40
Balyasny Asset Management
Illinois
$1.24M +$842K +129,273 +204%
VCWA
41
Vanguard Capital Wealth Advisors
Colorado
$1.17M +$6.53K +1,002 +0.6%
ECM
42
ExodusPoint Capital Management
New York
$1.15M +$1.17M +179,196 New
Northern Trust
43
Northern Trust
Illinois
$1.15M -$36.6K -5,621 -3%
AIMCA
44
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$1.14M – – –
DnB Asset Management
45
DnB Asset Management
Norway
$1.1M – – –
Macquarie Group
46
Macquarie Group
Australia
$1.04M – – –
KBC Group
47
KBC Group
Belgium
$1.03M +$354K +54,393 +51%
Royal Bank of Canada
48
Royal Bank of Canada
Ontario, Canada
$1.03M +$285K +43,760 +38%
SCA
49
SMH Capital Advisors
Texas
$1.01M +$4.98K +764 +0.5%
Group One Trading
50
Group One Trading
Illinois
$931K +$113K +17,300 +14%
1
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3 4 5

PSEC Hedge Fund Activity: Q4 2019 in Review

221 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Prospect Capital (PSEC) for Q4 2019, worth a combined $350M — up 14% from $306M a quarter earlier.

Buyers outnumbered sellers: 39 funds opened new PSEC positions and 24 closed out — a net gain of 15 holders — while 77 added to existing stakes and 64 trimmed.

The largest buyer was Independent Advisor Alliance, adding an estimated $10.7M. The largest seller was Allianz Asset Management, cutting an estimated $5.26M.

  • 221 institutional investors held Prospect Capital (PSEC) as of Q4 2019, up from 207 in Q3 2019.
  • Funds reported $350M of Prospect Capital stock for Q4 2019, up 14% quarter-over-quarter.
  • 39 funds opened new Prospect Capital positions in Q4 2019 and 24 closed out, a net change of +15 holders.
  • The largest Prospect Capital buyer in Q4 2019 was Independent Advisor Alliance, an estimated $10.7M added.
  • The largest Prospect Capital seller in Q4 2019 was Allianz Asset Management, an estimated $5.26M sold.

Based on aggregated 13F filings for Q4 2019.